Monday, April 24, 2006

Part XVI

Department of the Treasury Semiannual Regulatory Agenda

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DEPARTMENT OF THE TREASURY (TREAS)

DEPARTMENT OF THE TREASURY States Customs Service from the Schedules, eligibility or requirements Department of the Treasury to the DHS, for preferential trade programs, and the 31 CFR Subtitle A, Chs. I and II where it is now known as the Bureau of establishment of recordkeeping Customs and Border Protection. requirements. Accordingly, these Semiannual Agenda Notwithstanding the transfer of the regulations are listed in the semiannual AGENCY: Department of the Treasury. Customs Service to DHS, the Act regulatory agenda of the Departmental provides that the Secretary of the Offices of the Department of the ACTION: Semiannual regulatory agenda. Treasury retains sole legal authority Treasury. Because of continuing over the customs revenue functions, and limitations in the computer software SUMMARY: This notice is given pursuant authorizes the Secretary to delegate any used to prepare the agenda, the agency to the requirements of the Regulatory of this retained authority to the information under the heading ‘‘For Flexibility Act (Pub. L. 96-354, Secretary of Homeland Security. By Further Information Contact’’ for most September 19, 1980) and Executive Treasury Department Order No. 100-16, of these regulations incorrectly indicates Order (E.O.) 12866 (‘‘Regulatory the Secretary of the Treasury delegated the Bureau of Customs and Border Planning and Review,’’ September 30, to the Secretary of Homeland Security Protection contact person is an 1993), which require the publication by authority to prescribe regulations employee of the Department of the the Department of a semiannual agenda pertaining to the customs revenue Treasury rather than the Department of of regulations. functions. This Order further provided Homeland Security. that the Secretary of the Treasury FOR FURTHER INFORMATION CONTACT: The The semiannual agenda of the retained the sole authority to approve Department of the Treasury conforms to agency contact identified in the item any such regulations concerning import relating to that regulation. the Unified Agenda format developed quotas or trade bans; user fees; marking by the Regulatory Information Service SUPPLEMENTARY INFORMATION: On and labeling; copyright and trademark Center (RISC). November 25, 2002, the President enforcement; and the completion of signed the Homeland Security Act of entry or substance of entry summary, Dated: March 23, 2006. 2002 (the Act), establishing the including duty assessment and Richard S. Carro, Department of Homeland Security collection, classification, valuation, Senior Advisor to the General Counsel for (DHS). The Act transferred the United application of the U.S. Harmonized Regulatory Affairs. Departmental Offices—Proposed Rule Stage

Regulation Sequence Title Identifier Number Number

2261 Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for Insured Losses ...... 1505–AB10 2262 19 CFR 111 Remote Location Filing ...... 1505–AB20 2263 Uniform Rules of Origin ...... 1505–AB49 2264 Revision of Outbound Redelivery Procedures and Liabilities ...... 1505–AB52 2265 19 CFR 101 Centralization of the Continuous Bond Program at the CBP National Finance Center ...... 1505–AB54 2266 NAFTA: Post-Entry Claims and Merchandise Processing Fee Exemption ...... 1505–AB58 2267 Fees for Certain Services ...... 1505–AB62 2268 19 CFR 177 Administrative Rulings and Protests ...... 1505–AB65 2269 Terrorism Risk Insurance Program; TRIA Extension Act Implementation ...... 1505–AB67 2270 19 CFR 12.155 Entry of Certain Cement Products From Mexico Requiring a Commerce Department Import Li- cense ...... 1505–AB68

Departmental Offices—Final Rule Stage

Regulation Sequence Title Identifier Number Number

2271 31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations: Publication of Economic Sanctions Enforcement Guidelines ...... 1505–AA95 2272 Country-of-Origin Marking...... 1505–AB21 2273 Expanded Methods of Payment of Duties, Taxes, Interest, and Fees ...... 1505–AB22 2274 19 CFR 4 User and Navigation Fees; Other Reimbursable Charges ...... 1505–AB24 2275 19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences ...... 1505–AB26 2276 19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin Initiative ...... 1505–AB28 2277 19 CFR 24 Reimbursable Customs Inspectional Services—Increase in Hourly Rate Charge ...... 1505–AB29 2278 19 CFR 12 Dog and Cat Protection Act ...... 1505–AB31 2279 19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple Conveyances ...... 1505–AB34 2280 19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act ...... 1505–AB37

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TREAS

Departmental Offices—Final Rule Stage (Continued)

Regulation Sequence Title Identifier Number Number

2281 Trade Benefits Under the African Growth and Opportunity Act ...... 1505–AB38 2282 19 CFR 24 Fees for Customs Processing at Express Courier Facilities ...... 1505–AB39 2283 Trade Benefits Under the Caribbean Basin Economic Recovery Act ...... 1505–AB40 2284 19 CFR 10 United States—Chile Free Trade Agreement ...... 1505–AB47 2285 19 CFR 10 United States—Singapore Free Trade Agreement ...... 1505–AB48 2286 Recordation of Copyrights and Enforcement Procedures To Prevent Importation of Piratical Articles ...... 1505–AB51 2287 19 CFR 141 Conditional Release Period and Customs Bond Obligations for Food, Drugs, Devices, and Cosmetics (Section 610 Review) ...... 1505–AB57 2288 19 CFR 12 Country of Origin of Textile and Apparel Products ...... 1505–AB60 2289 Dominican Republic-Central America-United States Free Trade Agreement ...... 1505–AB64 2290 Terrorism Risk Insurance Program; TRIA Extension Act Implementation ...... 1505–AB66 2291 Economic Sanctions Enforcement Procedures for Banking Institutions ...... 1505–AB69

Departmental Offices—Long-Term Actions

Regulation Sequence Title Identifier Number Number

2292 31 CFR Ch II Possible Regulation of Access to Accounts at Financial Institutions Through Payment Service Pro- viders ...... 1505–AA74 2293 Financial Subsidiaries...... 1505–AA81 2294 12 CFR 1501.2 Secretary’s Determination of Real Estate Brokerage ...... 1505–AA84 2295 19 CFR 4 Harbor Maintenance Fee ...... 1505–AB11 2296 Donated Cargo Exemption From Harbor Maintenance Fee ...... 1505–AB12 2297 19 CFR 142 Reconciliation ...... 1505–AB16 2298 19 CFR 181 North American Free Trade Agreement (NAFTA)—Implementation of Duty-Deferral Program Provi- sions ...... 1505–AB17

Departmental Offices—Completed Actions

Regulation Sequence Title Identifier Number Number

2299 Financial Activities of Financial Subsidiaries ...... 1505–AA80 2300 12 CFR 1501.2 Secretary’s Determination of Other Activities Financial in Nature ...... 1505–AA85 2301 Import Restrictions Imposed on Certain Archaeological and Ethnological Materials From Colombia ...... 1505–AB59 2302 Extension of Import Restrictions Imposed on Archaeological Material Originating in Italy and Representing the Pre-Classical, Classical, and Imperial Roman Periods ...... 1505–AB63

Financial Crimes Enforcement Network—Prerule Stage

Regulation Sequence Title Identifier Number Number

2303 Customer Identification Programs for Pawn Brokers ...... 1506–AA39 2304 Provision of Banking Services to Money Services Businesses ...... 1506–AA85

Financial Crimes Enforcement Network—Proposed Rule Stage

Regulation Sequence Title Identifier Number Number

2305 Customer Identification Programs for Travel Agents ...... 1506–AA38 2306 Customer Identification Programs for Loan and Finance Companies ...... 1506–AA40 2307 Customer Identification Programs for Sellers of Vehicles ...... 1506–AA41

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TREAS

Financial Crimes Enforcement Network—Proposed Rule Stage (Continued)

Regulation Sequence Title Identifier Number Number

2308 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Loan and Finance Companies ...... 1506–AA73 2309 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Busi- nesses Engaged in Vehicle Sales, Including Automobiles, Airplane, and Boat Sales ...... 1506–AA80 2310 Amendments to Bank Secrecy Act Regulations—Casino Recordkeeping and Reporting Requirements ...... 1506–AA84

Financial Crimes Enforcement Network—Final Rule Stage

Regulation Sequence Title Identifier Number Number

2311 31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-Border Transpor- tation of Certain Monetary Instruments ...... 1506–AA15 2312 31 CFR 103 Amendment to the Bank Secrecy Act Regulations—Exemptions From the Requirement To Report Transactions in Currency ...... 1506–AA23 2313 31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations—Requirement That Nonfinancial Trades or Businesses Report Certain Currency Transactions ...... 1506–AA25 2314 31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and Credit Unions ...... 1506–AA31 2315 31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations—Requirement That Mutual Funds Report Sus- picious Transactions ...... 1506–AA37 2316 31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru ...... 1506–AA43 2317 Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations—Nomenclature Changes ...... 1506–AA61 2318 Imposition of Special Measures Against the Commercial Bank of Syria as a Financial Institution of Primary Money Laundering Concern ...... 1506–AA64 2319 Imposition of Special Measure Against First Merchant Bank OSH Ltd, Incl. Its Subsidiaries, FMB Finance Ltd, First Merchant International Inc, First Merchant Finance Ltd, and First Merchant Trust Ltd ...... 1506–AA65 2320 Imposition of Special Measure Against Infobank as a Financial Institution of Primary Money Laundering Concern .. 1506–AA67 2321 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Mutual Funds ...... 1506–AA68 2322 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Travel Agencies ...... 1506–AA69 2323 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Invest- ment Advisors ...... 1506–AA71 2324 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Finan- cial Institutions ...... 1506–AA72 2325 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Money Services Businesses ...... 1506–AA74 2326 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Com- modity Trading Advisors ...... 1506–AA75 2327 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Opera- tors of a Credit Card System ...... 1506–AA76 2328 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Unreg- istered Investment Companies ...... 1506–AA77 2329 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Deal- ers in Precious Metals, Stones, or Jewels ...... 1506–AA78 2330 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Per- sons Involved in Real Estate Closings and Settlements ...... 1506–AA79 2331 Amendment to the Bank Secrecy Act Regulations-Imposition of Special Measure Against Banco Delta Asia SARL 1506–AA83

Financial Crimes Enforcement Network—Long-Term Actions

Regulation Sequence Title Identifier Number Number

2332 31 CFR 103 Amendments to the Bank Secrecy Act Regulations—Special Reporting and Recordkeeping Require- ments—Money Services Businesses (MSBs) ...... 1506–AA19

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TREAS

Financial Crimes Enforcement Network—Completed Actions

Regulation Sequence Title Identifier Number Number

2333 31 CFR 103 Amendment to the Bank Secrecy Act Regulations—Delegation of Authority To Assess Civil Money Penalties on Depository Institutions ...... 1506–AA08 2334 31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and Private Banking Ac- counts ...... 1506–AA29 2335 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 2336 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Insur- ance Companies ...... 1506–AA70

Financial Management Service—Proposed Rule Stage

Regulation Sequence Title Identifier Number Number

2337 31 CFR 245 Claims on Account of Treasury Checks ...... 1510–AA51

Financial Management Service—Final Rule Stage

Regulation Sequence Title Identifier Number Number

2338 31 CFR 256 Payments Under Judgment and Private Relief Acts ...... 1510–AA52 2339 31 CFR 901.9 Federal Claims Collection Standard—Collection by Installments ...... 1510–AA91 2340 Federal Government Participation in the ACH ...... 1510–AB00 2341 Payment of Federal Taxes and the Treasury Tax and Loan Program ...... 1510–AB01 2342 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit Payments) To Collect Past-Due, Legally Enforceable Nontax Debt-Grant Payments Amendment ...... 1510–AB05 2343 Federal Process Agents of Surety Companies ...... 1510–AB08 2344 Administrative Offset and Claims Collection Under Reciprocal Agreements With States ...... 1510–AB09

Financial Management Service—Completed Actions

Regulation Sequence Title Identifier Number Number

2345 Foreign Exchange Operations ...... 1510–AB03 2346 Federal Government Participation in the Automated Clearing House ...... 1510–AB04 2347 Withholding of District of Columbia, State, City, and County Income or Employment Taxes by Federal Agencies ... 1510–AB06

Alcohol and Tobacco Tax and Trade Bureau—Prerule Stage

Regulation Sequence Title Identifier Number Number

2348 Proposed Revisions to the Beer Regulations ...... 1513–AB05 2349 Use of the Word ‘‘Pure’’ or Its Variants in the Labeling and Advertising of Alcohol Beverages ...... 1513–AB16 2350 Use of Various Winemaking Terms on Wine Labels and in Advertisements; Request for Public Comment ...... 1513–AB24 2351 Use of the Words Scotch Ale or Scottish Ale or Its Variants on Labels or in Advertising of Malt Beverage Prod- ucts; Request for Public Comment ...... 1513–AB30

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TREAS

Alcohol and Tobacco Tax and Trade Bureau—Proposed Rule Stage

Regulation Sequence Title Identifier Number Number

2352 Denatured Spirits, Articles, and Nonbeverage Products ...... 1513–AB03 2353 Labeling and Advertising of Wines, Distilled Spirits, and Malt Beverages ...... 1513–AB07 2354 Allergen Ingredient Labeling for Alcohol Beverages ...... 1513–AB08 2355 Alternating Brewery Proprietors ...... 1513–AB09 2356 Petition To Establish the Outer Coastal Plain American Viticultural Area ...... 1513–AB13 2357 Quarterly Excise Tax Filing for Small Alcohol Excise Taxpayers ...... 1513–AB17 2358 Green Valley of Russian River Valley ...... 1513–AB18 2359 Lehigh Valley...... 1513–AB19 2360 Swan Creek...... 1513–AB20 2361 San Francisco Bay Expansion ...... 1513–AB21 2362 Snake River Valley ...... 1513–AB22 2363 Proposed Expansion of the Alexander Valley Viticultural Area ...... 1513–AB23 2364 Proposed Establishment of the Tulocay Viticultural Area ...... 1513–AB26 2365 Proposed Establishment of the Paso Robles Westside Viticultural Area ...... 1513–AB27 2366 Availability of Information ...... 1513–AA98 2367 Firearms and Ammunition Excise Taxes, Consignment Sales of Imported Articles ...... 1513–AB12 2368 27 CFR 252 Exportation of Liquors ...... 1513–AA00 2369 27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars ...... 1513–AA16 2370 27 CFR 19, Subpart W Proposed Revisions to the Distilled Spirits Plant Regulations ...... 1513–AA23 2371 27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines ...... 1513–AA42 2372 27 CFR 9 Petition To Establish ‘‘Santa Maria Bench’’ as a New American Viticultural Area ...... 1513–AA51 2373 Form TTB F 5110.51, Formula and Process for Domestic and Imported Alcohol Beverages ...... 1513–AB28 2374 Proposed Modification of Vintage Date Requirements ...... 1513–AB29

Alcohol and Tobacco Tax and Trade Bureau—Final Rule Stage

Regulation Sequence Title Identifier Number Number

2375 New Certification Requirements for Imported Wine ...... 1513–AB00 2376 Petition To Establish San Antonio Valley as a New American Viticultural Area ...... 1513–AB02 2377 Proposed Change to Vintage Date Requirements ...... 1513–AB11 2378 Petition To Establish the Rattlesnake Hills American Viticultural Area ...... 1513–AB14 2379 Petition To Establish the Saddle Rock-Malibu American Viticultural Area ...... 1513–AB15 2380 Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the Homeland Security Act of 2002 ...... 1513–AA80 2381 Firearms Excise Tax; Exemption for Small Manufacturers, Producers, and Importers ...... 1513–AB25 2382 27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments ...... 1513–AA10 2383 27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties ...... 1513–AA32 2384 27 CFR 9 Petition To Establish ‘‘Eola Hills’’ as a New American Viticultural Area ...... 1513–AA41 2385 27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages ...... 1513–AA46 2386 27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area ...... 1513–AA54 2387 27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas—Boundary Realignment/Expansion ...... 1513–AA55 2388 27 CFR 9 Petition To Establish ‘‘Chehalem Mountains’’ as a New American Viticultural Area ...... 1513–AA57 2389 27 CFR 7 Labeling and Advertising of Malt Beverages ...... 1513–AA60 2390 Petition To Establish the ‘‘Fort Ross Seaview’’ Viticultural Area ...... 1513–AA64 2391 Petition To Establish the ‘‘Shawnee Hills’’ Viticultural Area ...... 1513–AA70 2392 Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco Viticultural Area ...... 1513–AA72 2393 Proposed Establishment of Alta Mesa Viticultural Area ...... 1513–AA82 2394 Proposed Establishment of the Cosumnes River Viticultural Area ...... 1513–AA83 2395 Proposed Establishment of Sloughhouse Viticultural Area ...... 1513–AA84 2396 Proposed Establishment of Mokelumne River Viticultural Area ...... 1513–AA85 2397 Proposed Establishment of Jahant Viticultural Area ...... 1513–AA86 2398 Proposed Establishment of Borden Ranch Viticultural Area ...... 1513–AA87 2399 Proposed Establishment of Clements Hills Viticultural Area ...... 1513–AA88 2400 Proposed Establishment of Tracy Hills Viticultural Area ...... 1513–AA89 2401 Proposed Establishment of Covelo Viticultural Area ...... 1513–AA90

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TREAS

Alcohol and Tobacco Tax and Trade Bureau—Final Rule Stage (Continued)

Regulation Sequence Title Identifier Number Number

2402 Petition To Establish ‘‘Calistoga’’ as an American Viticultural Area ...... 1513–AA92 2403 Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the Treatment of Wine, Juice, and Distilling Material ...... 1513–AA96 2404 Suspension of Special (Occupational) Tax ...... 1513–AB04

Alcohol and Tobacco Tax and Trade Bureau—Long-Term Actions

Regulation Sequence Title Identifier Number Number

2405 27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled Spirits and Wine ...... 1513–AA07 2406 Removal of Tobacco Products and Cigarette Papers and Tubes, Without Payment of Tax, for Use by the United States in Law Enforcement Activities ...... 1513–AA99 2407 27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188 ...... 1513–AA05 2408 27 CFR 24.66 Implementation of Public Law 105-34, Section 1416, Relating to Refund of Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer Relief Act of 1997) ...... 1513–AA06 2409 27 CFR 4 Amended Standard of Identity for Sherry ...... 1513–AA08 2410 27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage Use ...... 1513–AA37

Alcohol and Tobacco Tax and Trade Bureau—Completed Actions

Regulation Sequence Title Identifier Number Number

2411 Wahluke Slope Viticultural Area ...... 1513–AB01 2412 27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and Tubes Imported or Brought Into the United States ...... 1513–AA14 2413 27 CFR 44 Regulatory Changes From Customs Service Final Rule ...... 1513–AA26 2414 27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment of Tax ...... 1513–AA27 2415 27 CFR 9 Proposed Red Hill Douglas County, Oregon American Viticultural Area ...... 1513–AA39 2416 27 CFR 40 Marks, Labels, Notices, and Bonds for, and Removal of, Tobacco Products, and Cigarette Papers and Tubes ...... 1513–AA49 2417 27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without Payment of Tax ...... 1513–AA52 2418 Petition No. 2 To Expand the Russian River Valley Viticultural Area ...... 1513–AA67 2419 Petition To Establish ‘‘Texoma’’ as a Viticultural Area ...... 1513–AA77 2420 Ramona Valley Viticultural Area ...... 1513–AA94 2421 Dos Rios Viticultural Area ...... 1513–AA95 2422 Niagara Escarpment Viticultural Area ...... 1513–AA97

Comptroller of the Currency—Prerule Stage

Regulation Sequence Title Identifier Number Number

2423 Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency ...... 1557–AC89

Comptroller of the Currency—Proposed Rule Stage

Regulation Sequence Title Identifier Number Number

2424 12 CFR 1 to 5 Regulatory Burden Reduction and Technical Amendments ...... 1557–AC79 2425 Identity Theft Detection, Prevention, and Mitigation Program for Financial Institutions and Creditors ...... 1557–AC87 2426 Implementation of a Revised Basel Capital Accord (Basel II) ...... 1557–AC91

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TREAS

Comptroller of the Currency—Proposed Rule Stage (Continued)

Regulation Sequence Title Identifier Number Number

2427 Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: Domestic Capital Modifica- tions ...... 1557–AC95 2428 Risk-Based Capital Standards: Market Risk ...... 1557–AC99

Comptroller of the Currency—Final Rule Stage

Regulation Sequence Title Identifier Number Number

2429 Fair Credit Reporting: Affiliate Marketing Regulations ...... 1557–AC88 2430 Assessment of Fees ...... 1557–AC96

Comptroller of the Currency—Long-Term Actions

Regulation Sequence Title Identifier Number Number

2431 Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer Registration ...... 1557–AB93 2432 Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-Leach-Bliley Act ...... 1557–AC80

Comptroller of the Currency—Completed Actions

Regulation Sequence Title Identifier Number Number

2433 Fair Credit Reporting: Use of Medical Information ...... 1557–AC85 2434 Securities Borrowing Transactions ...... 1557–AC90 2435 12 CFR Part 4 One-Year Post-Employment Restrictions for Senior Examiners ...... 1557–AC94 2436 12 CFR 1-3 District of Columbia-Chartered Banks ...... 1557–AC97 2437 Securities Offering Disclosure Rules; Nonpublic Offerings ...... 1557–AC98

Internal Revenue Service—Proposed Rule Stage

Regulation Sequence Title Identifier Number Number

2438 Clarification of Treatment of Separate Limitation Losses ...... 1545–AM11 2439 Outbound Transfers of Property to Foreign Corporations ...... 1545–AM97 2440 Foreign Insurance Company—Domestic Election ...... 1545–AO25 2441 Taxation of Global Trading ...... 1545–AP01 2442 Information Reporting and Record Maintenance ...... 1545–AP10 2443 Definition of ‘‘Highly Compensated Employee’’ ...... 1545–AQ74 2444 Integrated Financial Transaction ...... 1545–AR20 2445 Application of Attribution Rules to Foreign Trusts ...... 1545–AU91 2446 Substantiating Travel Expense Deductions for Members of Congress ...... 1545–AV55 2447 Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and Related Foreign Base Company Shipping Income ...... 1545–AX02 2448 Guidance on Cost Recovery in the Entertainment Industry ...... 1545–AX12 2449 Inspection of Written Determinations ...... 1545–AX40 2450 Awarding of Costs and Certain Fees ...... 1545–AX46 2451 Highly Compensated Employee ...... 1545–AX48 2452 Definition of Passive Foreign Investment Company Under Section 1297 ...... 1545–AX78 2453 Clarification of Foreign-Based Company Sales Income Rules ...... 1545–AX91 2454 Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding Companies (FPHCs) ...... 1545–AY30 2455 Dollar-Value LIFO...... 1545–AY39

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TREAS

Internal Revenue Service—Proposed Rule Stage (Continued)

Regulation Sequence Title Identifier Number Number

2456 Special Rules Relating to Transfers of Intangibles to Foreign Corporations ...... 1545–AY41 2457 Previously Taxed Earnings and Profits Under Subpart F ...... 1545–AY54 2458 Liabilities Assumed in Certain Corporate Transactions ...... 1545–AY74 2459 Disclosure of Returns and Return Information in Judicial and Administrative Tax Proceedings ...... 1545–AY89 2460 Transactions Involving Obligations of Consolidated Group Members ...... 1545–BA11 2461 Deductibility of Employer Contributions for Deferred Compensation ...... 1545–BA13 2462 Suspension of Statutes of Limitation in John Doe and Third-Party Summons Disputes, and Expansion of Tax- payers’ Rights To Receive Notice and Seek Judicial Review of Third Party Summonses ...... 1545–BA31 2463 Allocation and Apportionment Rules: Guidance on Selected Issues ...... 1545–BA64 2464 Allocation of New Markets Tax Credit ...... 1545–BA84 2465 Section 1248 Attribution Principles ...... 1545–BA93 2466 Guidance To Facilitate Electronic Tax Administration ...... 1545–BA96 2467 Communications Excise Tax; Taxable Communication Services ...... 1545–BB04 2468 Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year ...... 1545–BB27 2469 Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporation ...... 1545–BB28 2470 Amending the Low-Income Housing Tax Credit Program ...... 1545–BB37 2471 Substitute Dividend Payments in Securities Lending and Similar Transactions ...... 1545–BB56 2472 Loss on Subsidiary Stock ...... 1545–BB61 2473 Liquidation of an Interest ...... 1545–BB71 2474 REMIC Residuals—Timing of Income for Foreign Holders ...... 1545–BB84 2475 Dependent Care Credit ...... 1545–BB86 2476 General Allocation and Accounting Regulations ...... 1545–BC07 2477 Utility Allowance Regulation Update ...... 1545–BC22 2478 Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/or Commodities, Includ- ing Foreign Currency Instruments ...... 1545–BC48 2479 Stewardship Expenses...... 1545–BC52 2480 Coordination of United States and Certain Possessions Income Taxes ...... 1545–BC54 2481 Guidance Under Section 2053 Regarding Post-Death Events ...... 1545–BC56 2482 Below-Market Loans...... 1545–BC78 2483 Regulations Governing the Performance of Actuarial Services Under the Employee Retirement Income Security Act of 1974 ...... 1545–BC82 2484 Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis, Department of Commerce ... 1545–BC93 2485 Guidance Regarding the Active Trade or Business Requirement Under Section 355(b) ...... 1545–BC94 2486 Accumulated Adjustment Account and Other Corporate Separations Under Section 355 ...... 1545–BC98 2487 Support Test in the Case of a Child of Divorced Parents ...... 1545–BD01 2488 Definition of Qualified Foreign Corporation ...... 1545–BD15 2489 REMIC Interest-Only Regular Interests ...... 1545–BD18 2490 Section 42 Qualified Contract Provisions ...... 1545–BD20 2491 Payments for Which No Return of Information Is Required Under Section 6041 ...... 1545–BD21 2492 Definition of Disqualified Person ...... 1545–BD28 2493 Transfers of Restricted Stock ...... 1545–BD44 2494 Classification of Indian Tribal Corporations ...... 1545–BD61 2495 Declaratory Judgment—Gift Tax Value ...... 1545–BD67 2496 Regulations Under Section 706 Regarding Determination of Distributive Share When a Partner’s Interest Changes 1545–BD71 2497 Shareholder’s Basis in Stock of an S Corporation ...... 1545–BD72 2498 Guidance Under Section 707(c) Regarding Guaranteed Payments ...... 1545–BD74 2499 Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1 ...... 1545–BD81 2500 Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs ...... 1545–BD82 2501 Guidance Regarding Selected Issues Under Section 336(e) ...... 1545–BD84 2502 Definition of the ‘‘Due Date’’ for Purposes of Calculating Overpayment Interest Under Section 301.6611(h) ...... 1545–BD86 2503 Reduction of Fuel Excise Tax Evasion ...... 1545–BE03 2504 Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by Regulated Investment Companies ...... 1545–BE09 2505 Intra-Group Gross Receipts Under Section 41 ...... 1545–BE14 2506 Capitalization of Amounts Paid To Repair or Improve Tangible Property ...... 1545–BE18 2507 Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004 (AJCA) ...... 1545–BE23 2508 Section 6011 Regulations ...... 1545–BE24 2509 Section 6111 Regulations ...... 1545–BE26 2510 Section 6112 Regulations ...... 1545–BE28

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TREAS

Internal Revenue Service—Proposed Rule Stage (Continued)

Regulation Sequence Title Identifier Number Number

2511 Tractors, Trailers, Trucks, and Tires ...... 1545–BE31 2512 Release of Lien or Discharge of Property ...... 1545–BE35 2513 Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004 (AJCA) (Temporary) ..... 1545–BE39 2514 Definition of Dependent and Other Related Provisions ...... 1545–BE40 2515 Balanced System for Measuring Organizational and Employee Performance Within the Internal Revenue Service 1545–BE45 2516 Information Returns Required With Respect to Certain Foreign Corporations and Other Conforming Changes ...... 1545–BE47 2517 Special Depreciation Allowance—Extended Placed-In-Service Date ...... 1545–BE55 2518 Research Expenditures Resulting in Inventory Property ...... 1545–BE64 2519 Section 401(a)(4) Guidance ...... 1545–BE69 2520 Information Reporting on Real Estate Transactions ...... 1545–BE73 2521 Start-Up and Organizational Expenditures ...... 1545–BE77 2522 Foreign Currency Contract Defined (Temporary) ...... 1545–BE83 2523 Life/Non-Life Tacking Rule ...... 1545–BE85 2524 Targeted Populations Under Section 45D(e)(2) ...... 1545–BE89 2525 Railroad Track Maintenance Credit ...... 1545–BE90 2526 S Corporation Guidance Under American Jobs Creation Act of 2004 ...... 1545–BE95 2527 Capital Costs Incurred To Comply With EPA Sulfur Regulations ...... 1545–BE96 2528 Disallowance of Partnership Loss Transfers and Basis Reduction in Stock of a Corporate Partner ...... 1545–BE98 2529 Section 704(c) and 737 Regulations Update ...... 1545–BE99 2530 Cafeteria Plans...... 1545–BF00 2531 Election To Expense Certain Refineries ...... 1545–BF05 2532 Credit Card Claims ...... 1545–BF07 2533 Nuclear Decommissioning Cost ...... 1545–BF08 2534 Clean Renewable Energy Bonds ...... 1545–BF11 2535 Federal Income Tax Consequences of Transfers Between an Individual Debtor and the Bankruptcy Estate in Cases Under Chapters 7 and 11 of Title 11 of the United States Code ...... 1545–BF13 2536 Rules Under Section 302 of the Katrina Emergency Tax Relief Act of 2005 ...... 1545–BF14 2537 Revision of Treasury Regulation Section 1.1561-3 To Comply With Commissioner’s e-File Program and With the Recommendations of TIGTA Report ...... 1545–BF16 2538 Alcohol Fuel and Biodiesel ...... 1545–BF17 2539 Credit for Production From Advanced Nuclear Power Facilities ...... 1545–BF19 2540 Procedures for Administrative Review of a Determination That an Authorized Recipient Has Failed To Safeguard Federal Tax Returns or Return Information ...... 1545–BF21 2541 Subchapter S Banks ...... 1545–BF24 2542 Revision of Regulations To Comply With Commissioner’s e-File Program ...... 1545–BF25 2543 Debt Satisfied by a Partnership Interest ...... 1545–BF27 2544 Taxpayer Assistance Orders ...... 1545–BF33 2545 Accuracy-Related Penalties...... 1545–BF40

Internal Revenue Service—Final Rule Stage

Regulation Sequence Title Identifier Number Number

2546 Income Tax—Definition of Qualified Possession Source Investment Income for Purposes of Puerto Rico and Pos- session Tax Credit ...... 1545–AC10 2547 Information From Passport and Immigration Applicants ...... 1545–AJ93 2548 Computation of a Branch’s Taxable Income; Taxation of Exchange Gain or Loss on Branch Remittances ...... 1545–AM12 2549 Earnings Stripping Payments ...... 1545–AO24 2550 Registration Required Obligations ...... 1545–AP33 2551 Mark-to-Market Upon Disposition ...... 1545–AS85 2552 Recomputation of Life Insurance Reserves ...... 1545–AU49 2553 Agreements for Payment of Tax Liabilities in Installments ...... 1545–AU97 2554 Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and Commodities ...... 1545–AW06 2555 Stocks and Securities Safe Harbor Exception ...... 1545–AW13 2556 Intercompany Obligations...... 1545–AW30 2557 Source of Income From Certain Space and Ocean Activities and for Communications Income ...... 1545–AW50 2558 Reporting of Payments to Attorneys ...... 1545–AW72

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TREAS

Internal Revenue Service—Final Rule Stage (Continued)

Regulation Sequence Title Identifier Number Number

2559 Stock Transfer Rules—Carryover of Earnings and Taxes ...... 1545–AX65 2560 Allocation and Apportionment of Interest Expense and Certain Other Expenses ...... 1545–AX72 2561 Capitalization of Interest and Carrying Charges Properly Allocable to Straddles ...... 1545–AX92 2562 Authorized Placement Agency ...... 1545–AY18 2563 Guidance on Changes to the Laws for Corporate Estimated Taxes ...... 1545–AY22 2564 HIPAA General Nondiscrimination ...... 1545–AY32 2565 HIPAA Nondiscrimination Exception for Church Plans ...... 1545–AY33 2566 HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs ...... 1545–AY34 2567 Allocation of Income and Deductions From Intangibles ...... 1545–AY38 2568 Election—Asset Acquisitions of Insurance Companies ...... 1545–AY49 2569 Normalization ...... 1545–AY75 2570 Transitional Relief for Qualified Intermediaries ...... 1545–AY92 2571 Consolidated Returns; Nonapplicability of Section 357(c) ...... 1545–BA09 2572 Reductions of Accruals and Allocations Because of Increased Age ...... 1545–BA10 2573 Amendment to the Definition of Refunding ...... 1545–BA46 2574 Noncompensatory Partnership Options ...... 1545–BA53 2575 Circular 230—Phase 2 Nonshelter Revisions ...... 1545–BA72 2576 Redemptions Treated as Dividends ...... 1545–BA80 2577 Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens ...... 1545–BA86 2578 Allocation of Foreign Tax Credits Among Partners ...... 1545–BB11 2579 Investigative Disclosures...... 1545–BB16 2580 Toll Telephone Service—Definition ...... 1545–BB18 2581 Mixed Use Output Facilities ...... 1545–BB23 2582 Section 482: Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement ...... 1545–BB26 2583 Treatment of Services Under Section 482 ...... 1545–BB31 2584 Limitation on Use of Nonaccrual Experience Method of Accounting ...... 1545–BB43 2585 Special Depreciation Allowance ...... 1545–BB57 2586 Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under Section 403(b) ...... 1545–BB64 2587 Notional Principal Contracts; Contingent Nonperiodic Payments ...... 1545–BB82 2588 Predecessors or Successors Under Section 355(e) ...... 1545–BB85 2589 Guidance Regarding Mark-to-Market Valuation for Certain Securities ...... 1545–BB90 2590 Partnership Equity for Services ...... 1545–BB92 2591 Accrual for Certain REMIC Regular Interests ...... 1545–BB94 2592 Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and Opportunity for Hearing Upon Filing of Notice of Lien ...... 1545–BB96 2593 Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before Levy ...... 1545–BB97 2594 Entry of Taxable Fuel ...... 1545–BC08 2595 Guidance Necessary To Facilitate Business Electronic Filing ...... 1545–BC15 2596 Changes in Computing Depreciation ...... 1545–BC18 2597 Special Consolidated Return Rules for Interest Expense Disallowed Under Section 265(a)(2) ...... 1545–BC23 2598 Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving Related Parties, Pass- Through Entities, or Other Intermediaries ...... 1545–BC24 2599 Prohibited Allocation of Securities in an S Corporation ...... 1545–BC34 2600 Guidance on PFIC Purging Elections ...... 1545–BC37 2601 Qualified Severance Regulations ...... 1545–BC50 2602 Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash a Designated or Related Summons ...... 1545–BC55 2603 Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions ...... 1545–BC61 2604 Guidance Under Section 707 Regarding Disguised Sales ...... 1545–BC63 2605 Section 1045 Application to Partnerships ...... 1545–BC67 2606 Collection After Assessment ...... 1545–BC72 2607 Exclusion of Employees of 501(c)(3) Organizations in 401(k) and 401(m) Plans ...... 1545–BC87 2608 Solid Waste Disposal Facilities ...... 1545–BD04 2609 Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue Code (Temporary) ...... 1545–BD09 2610 Dual Consolidated Loss Regulations ...... 1545–BD10 2611 Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind Property ...... 1545–BD19 2612 Guidance on Phased Retirement ...... 1545–BD23 2613 Requirements for Reorganizations ...... 1545–BD31 2614 Coordination of United States and Certain Possessions Income Taxes (Temporary) ...... 1545–BD32

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TREAS

Internal Revenue Service—Final Rule Stage (Continued)

Regulation Sequence Title Identifier Number Number

2615 Underpayment for Qualified Amended Returns ...... 1545–BD40 2616 Transfers of Restricted Stock (Temporary) ...... 1545–BD45 2617 Treatment of Disregarded Entities Under Section 752 ...... 1545–BD48 2618 Update of 415 Regulations ...... 1545–BD52 2619 Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons; Applicability of Section 381 ...... 1545–BD54 2620 Manufacturer Incentive Payments in an Intercompany Transaction ...... 1545–BD55 2621 Asset Transfers Following Putative Reorganizations ...... 1545–BD56 2622 Aggregate Computation; Allocation of Research Credit ...... 1545–BD60 2623 Mandatory e-Filing for Forms 1120 ...... 1545–BD65 2624 Use of Electronic Technologies for Providing Notices and Transmitting Elections and Consents ...... 1545–BD68 2625 Section 704(b)(2) and Substantiality ...... 1545–BD70 2626 Special Rules To Reduce Section 1446 Withholding ...... 1545–BD80 2627 Flat Rate Supplemental Wage Withholding ...... 1545–BD96 2628 Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis, Department of Commerce (Temporary) ...... 1545–BE02 2629 Dye Injection...... 1545–BE04 2630 Circular 230—Covered Opinion Amendments ...... 1545–BE13 2631 Withholding Exemptions...... 1545–BE20 2632 Section 6011 Regulations (Temporary) ...... 1545–BE25 2633 Section 6111 Regulations (Temporary) ...... 1545–BE27 2634 Section 6112 Regulations (Temporary) ...... 1545–BE29 2635 Income Attributable to Domestic Production Activities ...... 1545–BE33 2636 Guidance Under Subpart F Relating to Partnerships ...... 1545–BE34 2637 Disregarded Entities and Collections ...... 1545–BE43 2638 Special Depreciation Allowance-Extended Placed-In-Service Date (Temporary) ...... 1545–BE56 2639 Regulations Under Section 263A Regarding Use of Simplified Service Cost Method and Simplified Production Method ...... 1545–BE57 2640 Limitation on Transfer of Built-In Losses (Temporary) ...... 1545–BE59 2641 Assumption of Liabilities ...... 1545–BE67 2642 Dividends Paid Deduction for Stock Held in Employee Stock Ownership Plan ...... 1545–BE74 2643 Deferred Compensation (Proposed) ...... 1545–BE79 2644 REMIC Residuals—Foreign Holders (Temporary) ...... 1545–BE81 2645 Railroad Track Maintenance Credit (Temporary) ...... 1545–BE91 2646 Guidance Under Section 7874 for Determining Ownership by Former Shareholders or Partners of Domestic Enti- ties ...... 1545–BE93 2647 Capital Costs Incurred To Comply With EPA Sulfur Regulations (Temporary) ...... 1545–BE97 2648 Designated Roth Accounts Under Section 402A ...... 1545–BF04 2649 Election To Expense Certain Refineries (Temporary) ...... 1545–BF06 2650 Nuclear Decommissioning Costs (Temporary) ...... 1545–BF09 2651 Charitable Contributions of Certain Motor Vehicles ...... 1545–BF10 2652 Clean Renewable Energy Bonds (Temporary) ...... 1545–BF12 2653 Credit for Production From Advanced Nuclear Power Facilities (Temporary) ...... 1545–BF20 2654 Revision of Regulation To Comply With the Commissioner’s e-File Program (Temporary) ...... 1545–BF26 2655 Charitable Contributions of Qualified Vehicles (Temporary) ...... 1545–BF29 2656 Intercompany Transactions; Manufacturer Incentive Payments ...... 1545–BF32 2657 Entertainment Expense Disallowance ...... 1545–BF34 2658 Section 3121(a)(5)(D) Regulation (Salary Reduction Agreement) (Temporary) ...... 1545–BF35 2659 Amendment of Statutory Mergers and Consolidations ...... 1545–BF36 2660 Depreciation of MACRS Property That Is Acquired in a Like-Kind Exchange or as a Result of an Involuntary Con- version ...... 1545–BF37

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TREAS

Internal Revenue Service—Long-Term Actions

Regulation Sequence Title Identifier Number Number

2661 Income Tax—Taxpayer’s Obligation To File a Notice of Redetermination of Foreign Tax and Civil Penalties for Failure To File ...... 1545–AC09 2662 FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other Special Rules for FSC ...... 1545–AI16 2663 Foreign Corporations...... 1545–AK74 2664 Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign Investment in Real Property Tax Act ...... 1545–AK79 2665 Income of Foreign Governments and International Organizations ...... 1545–AL93 2666 Earnings and Profits of Controlled Foreign Corporations ...... 1545–AM90 2667 Caribbean Basin Investments ...... 1545–AM91 2668 Consolidated Alternative Minimum Tax ...... 1545–AN73 2669 Conforming Taxable Years of CFCs and FPHCs ...... 1545–AO22 2670 Use of GAAP Earnings as E&P of Foreign Corporations ...... 1545–AQ55 2671 Interest-Free Adjustments...... 1545–AQ61 2672 The Treatment of Accelerated Death Benefits ...... 1545–AQ70 2673 Straddles—-Miscellaneous Issues...... 1545–AT46 2674 Allocation of Accrued Benefits Between Employer and Employee Contributions ...... 1545–AT82 2675 Foreign Corporations Regulations ...... 1545–AT96 2676 Application of Grantor Trust Rules to Nonexempt Employees’ Trusts ...... 1545–AU29 2677 Electronic Transmission of Withholding Certificates ...... 1545–AV27 2678 Transportation of Persons and Property by Air ...... 1545–AW19 2679 Constructive Sales of Appreciated Financial Positions ...... 1545–AW97 2680 Definition of Accounting Method ...... 1545–AX21 2681 Modification to Section 367(a) Stock Transfer Regulations ...... 1545–AX77 2682 Special Rules for S Corporations ...... 1545–AY44 2683 Payments For Interest in Partnership ...... 1545–AY90 2684 Timely Mailing Treatment ...... 1545–BA99 2685 Amendment to Section 6724 Relating to Failure To File Correct Information Returns ...... 1545–BB41 2686 Notarization Requirement for Statements of Purchase ...... 1545–BC11 2687 Contingent at Closing Escrows ...... 1545–BC16 2688 Substitute for Return (SFR) and Automated Substitute for Return (ASFR) ...... 1545–BC45 2689 Definition of Loss for Purposes of the Straddle Rules ...... 1545–BC83 2690 Transactions Involving the Transfer of No Net Equity Value ...... 1545–BC88 2691 Disclosures to Subcontractors ...... 1545–BC92 2692 Attained Age of the Insured ...... 1545–BD00 2693 HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction With FMLA ...... 1545–BD51 2694 Return for Subchapter T Cooperatives ...... 1545–BD92 2695 Employer’s Annual Federal Employment Tax Return—Form 944 ...... 1545–BD93 2696 Return for Subchapter T Cooperatives (Temporary) ...... 1545–BD98 2697 Application of Section 6404(g) Suspension Provisions ...... 1545–BE07 2698 Disclosure of Return Information to the Bureau of the Census ...... 1545–BE08 2699 Information Returns by Donees Relating to Qualified Intellectual Property Contributions ...... 1545–BE11 2700 Employer Comparable Contributions to Health Savings Accounts Under Section 4980G ...... 1545–BE30 2701 Domestic Workers Regulation Update (Application of the Federal Insurance Contributions Act to Payments Made for Certain Services) ...... 1545–BE32 2702 Limitation on Transfer of Built-In Losses ...... 1545–BE58 2703 Simplification of Extension Process Under Section 6081 ...... 1545–BE62 2704 Converting an IRA Annuity to a Roth IRA ...... 1545–BE65 2705 Abandonment of Stock and Other Securities ...... 1545–BE80 2706 Foreign Currency Contract Defined ...... 1545–BE82 2707 Treatment of Excess Loss Accounts ...... 1545–BE87 2708 Application of Section 338 to Insurance Companies ...... 1545–BF02 2709 Failure To Maintain List of Advisees With Respect to Reportable Transactions ...... 1545–BF38 2710 Failure To Maintain List of Advisees With Respect to Reportable Transactions ...... 1545–BF39 2711 Accuracy-Related Penalties...... 1545–BF41

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TREAS

Internal Revenue Service—Completed Actions

Regulation Sequence Title Identifier Number Number

2712 Escrow Funds and Other Similar Funds ...... 1545–AR82 2713 Definition of Private Activity Bond—Refunding Regulations ...... 1545–AU98 2714 Highway Vehicle—Definition...... 1545–AX10 2715 Normal Retirement Age for Pension Plans ...... 1545–AY61 2716 Tax Treatment of Cafeteria Plans ...... 1545–AY67 2717 Mergers Involving Disregarded Entities ...... 1545–BA06 2718 Provisions Regarding Cross-Border Transactions ...... 1545–BA65 2719 Reporting Requirements for Widely Held Fixed Investment Trusts ...... 1545–BA83 2720 Collected Excise Taxes; Duties of Collector ...... 1545–BB75 2721 Application of Nondiscrimination Cross-Testing Rules To Cash Balance Plans ...... 1545–BB79 2722 Determination of Single-Sum Distributions From Cash Balance Plans ...... 1545–BB93 2723 Determination of Basis of Securities Received in Exchange or With Respect to a Stock or Securities in Certain Transactions ...... 1545–BC05 2724 Value of Life Insurance When Distributed From a Qualified Retirement Plan ...... 1545–BC20 2725 Section 411(d)(6) Protected Benefits ...... 1545–BC26 2726 Guidance on PFIC Purging Elections ...... 1545–BC49 2727 Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items ...... 1545–BC65 2728 Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated Group ...... 1545–BC74 2729 Determination of Residency in U.S. Possessions ...... 1545–BC86 2730 Sickness or Accident Disability Payments ...... 1545–BC89 2731 Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated Group; Computation of Taxable Income When Section 108 Applies to a Member of a Consolidated Group ...... 1545–BC95 2732 Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules ...... 1545–BD07 2733 Current Liability Interest Rate Under Section 412(b)(5) ...... 1545–BD13 2734 Current Liability Interest Rate Under Section 412(b)(5) (Temporary) ...... 1545–BD14 2735 Stock Held by Foreign Insurance Companies ...... 1545–BD27 2736 Guidance on PFIC Purging Elections (Temporary) ...... 1545–BD33 2737 LIFO Recapture Under Section 1363(d) ...... 1545–BD34 2738 Clarification of Definitions ...... 1545–BD37 2739 Application of Section 367 in Cross Border Section 304 Transactions; Certain Transfers of Stock Involving Foreign Corporations ...... 1545–BD46 2740 Section 951 Pro Rata Rules ...... 1545–BD49 2741 Continuity of Interest/Stock Fluctuation ...... 1545–BD53 2742 Disabled Access Credit ...... 1545–BD69 2743 Guidance Under Section 6501(c)(1) Regulations ...... 1545–BD73 2744 Guidance Under Section 368 Regarding Mergers With and Into a Foreign Corporation ...... 1545–BD76 2745 Classification of Certain Foreign Entities ...... 1545–BD77 2746 Classification of Certain Foreign Entities (Temporary) ...... 1545–BD78 2747 Section 1374 Effective Dates ...... 1545–BD95 2748 Disclosure of Relative Values of Optional Forms of Benefit ...... 1545–BD97 2749 Employer’s Annual Federal Employment Tax Return—Form 944 (Temporary) ...... 1545–BE00 2750 Designated Roth Contributions Under Cash or Deferred Arrangements Under Section 401(k) ...... 1545–BE05 2751 Disclosure of Return Information to the Department of Agriculture ...... 1545–BE15 2752 Exclusions From Gross Income of Foreign Corporations ...... 1545–BE16 2753 Balanced System for Measuring Organizational and Employee Performance Within the Internal Revenue Service (Temporary) ...... 1545–BE46 2754 Modifications to the De Minimis Deposit Rule Under Section 6302 ...... 1545–BE48 2755 Modification to the De Minimis Deposit Rule Under Section 6302 (Temporary) ...... 1545–BE49 2756 Low-Income Housing Credit Allocation and Certification; Revisions ...... 1545–BE50 2757 Application of the Federal Insurance Contributions Act, Federal Unemployment Tax Act, and Collection of Income Tax at Source to Statutory Stock Options ...... 1545–BE60 2758 Simplification of Extension Process Under Section 6081 (Temporary) ...... 1545–BE63 2759 Converting an IRA Annuity to a Roth IRA (Temporary) ...... 1545–BE66 2760 Qualified Severance of a Trust for Generation-Skipping Transfer (GST) Tax Purposes II ...... 1545–BE70 2761 Special Rule Regarding Certain Section 951 Pro Rata Share Allocations ...... 1545–BE71 2762 Guidance Under Section 7874 for Determining Ownership by Former Shareholders or Partners of Domestic Enti- ties (Temporary) ...... 1545–BE94 2763 Cafeteria Plans (Temporary) ...... 1545–BF01 2764 Guidance Under Subpart F Relating to Partnerships (Temporary) ...... 1545–BF15

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TREAS

Internal Revenue Service—Completed Actions (Continued)

Regulation Sequence Title Identifier Number Number

2765 Information Reporting Relating to Taxable Stock Transactions ...... 1545–BF18 2766 Procedures for Administrative Review of a Determination That an Authorized Recipient has Failed to Safeguard Federal Tax Returns or Return Information (Temporary) ...... 1545–BF22 2767 Allocation and Apportionment of Expenses; Alternative Method for Determining Tax Book Value of Assets ...... 1545–BF23 2768 Agent of the Group Issues Under Section 7874 ...... 1545–BF30 2769 Agent of the Group Issues Under Section 7874 (Temporary) ...... 1545–BF31

Office of Thrift Supervision—Prerule Stage

Regulation Sequence Title Identifier Number Number

2770 Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies Under Section 312 of the Fair and Accurate Credit Transactions Act ...... 1550–AC01

Office of Thrift Supervision—Proposed Rule Stage

Regulation Sequence Title Identifier Number Number

2771 Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord ...... 1550–AB56 2772 12 CFR 506 Securities-Related Activities of Savings Associations ...... 1550–AB92 2773 Identity Theft Detection, Prevention, and Mitigation Program for Financial Institutions and Creditors ...... 1550–AB94 2774 Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Maintenance: Domestic Capital Modifications ...... 1550–AB98 2775 12 CFR 544 Federal Savings Association Bylaws; Integrity of Directors ...... 1550–AC00 2776 Risk Based Capital—Market Risk Rule ...... 1550–AC02

Office of Thrift Supervision—Final Rule Stage

Regulation Sequence Title Identifier Number Number

2777 Fair Credit Reporting Affiliate Marketing Regulations ...... 1550–AB90 2778 Supplemental Standards of Ethical Conduct for Employees of the Department of Treasury ...... 1550–AC03

Office of Thrift Supervision—Long-Term Actions

Regulation Sequence Title Identifier Number Number

2779 12 CFR 563e Community Reinvestment Act ...... 1550–AB48

Office of Thrift Supervision—Completed Actions

Regulation Sequence Title Identifier Number Number

2780 Fair Credit Reporting Medical Information Regulations ...... 1550–AB88 2781 Special Rules for Adjudicatory Proceedings for Certain Holding Companies ...... 1550–AB96 2782 12 CFR 507 One-Year Post-Employment Restrictions for Senior Examiners ...... 1550–AB99

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

2261. TERRORISM RISK INSURANCE Email: [email protected] Programs Branch, Department of the PROGRAM; RECOUPMENTS OF RIN: 1505–AB10 Treasury, Office of Regulations and FEDERAL SHARE OF Rulings, 1300 Pennsylvania Avenue COMPENSATION FOR INSURED NW., Washington, DC 20229 LOSSES 2262. REMOTE LOCATION FILING Phone: 202 572–8731 Priority: Other Significant Priority: Substantive, Nonsignificant RIN: 1505–AB49 Legal Authority: 5 USC 301; Terrorism Legal Authority: 19 USC 66; 19 USC Risk Insurance Act of 2002, Title I, PL 1202; 19 USC 1484; 19 USC 1624; 19 107–297, 116 Stat. 2322; Terrorism Risk USC 1641 2264. REVISION OF OUTBOUND Insurance Extension Act of 2005, PL CFR Citation: 19 CFR 111; 19 CFR 113; REDELIVERY PROCEDURES AND 109–144, 119 Stat. 2660 19 CFR 141; 19 CFR 143 LIABILITIES CFR Citation: 31 CFR 50 Legal Deadline: None Priority: Substantive, Nonsignificant Legal Deadline: Abstract: Amendment to allow entry None Legal Authority: filers to electronically file entries of 19 USC 66; 19 USC Abstract: As the statutorily authorized merchandise with the Bureau of 1623; 19 USC 1624 administrator of the Terrorism Risk Customs and Border Protection from Insurance Program, Treasury is issuing CFR Citation: 19 CFR 113 locations within the United States other proposed and final regulations to than at the port of arrival of the Legal Deadline: None implement the Program. Under the merchandise or the location of Terrorism Risk Insurance Act of 2002, examination of the merchandise. Abstract: Amendment of the condition title I, Public Law 107-297, and the in an international carrier bond Timetable: Terrorism Risk Insurance Extension Act regarding the unlawful disposition of of 2005, Public Law 109-144, the Action Date FR Cite merchandise in order to allow CBP to Federal Government shares the risk of better control the exportation of insured losses from certified acts of NPRM 04/00/06 merchandise and to have more control terrorism with commercial property Regulatory Flexibility Analysis over demands for redelivery. and casualty insurers until the Program Required: No Conditions of the bond would be sunsets on December 31, 2007. This Government Levels Affected: None rule incorporates and clarifies statutory amended to no longer require the requirements for the recoupment of the Additional Information: Transferred merchandise to be labeled as seized Federal share of compensation for from RIN 1515-AC23 and detained for the principal to be insured losses. The rule establishes Agency Contact: Marla Bianchetta, required to obtain permission from CBP requirements for determining amounts Operations Officer, Department of the prior to placing the merchandise on to be recouped and for procedures Treasury, Customs and Border board a conveyance for export or insurers are to use for collecting Protection, Office of Field Operations, otherwise disposing of the terrorism policy surcharges and 1300 Pennsylvania Avenue, NW., merchandise. Instead of the condition remitting them to the Treasury. Washington, DC 20229 being applicable when CBP labels Timetable: Phone: 202 344–2693 merchandise, the condition would be RIN: 1505–AB20 applicable when CBP notifies the Action Date FR Cite principal either in writing or NPRM 07/00/06 electronically that the merchandise has 2263. UNIFORM RULES OF ORIGIN been seized or detained. Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Required: No Timetable: Legal Authority: 19 USC 66; 19 USC Small Entities Affected: No 1202; 19 USC 1624 Action Date FR Cite Government Levels Affected: None CFR Citation: 19 CFR 102 NPRM 07/00/06 Agency Contact: Howard Leikin, Legal Deadline: None Deputy Director, Department of the Regulatory Flexibility Analysis Treasury, Office of Financial Abstract: Amendment to set forth Required: No uniform rules for determining the Institutions, Terrorism Risk Insurance Government Levels Affected: None Program, 1425 New York Avenue NW., country of origin of imported goods. Washington, DC 20220 Timetable: Agency Contact: Linda Shoupe, Phone: 202 622–6770 Action Date FR Cite Operations Officer, Department of the Email: [email protected] Treasury, Customs and Border NPRM 04/00/06 Protection, Office of Field Operations, David J. Brummond, Legal Counsel, Regulatory Flexibility Analysis 1300 Pennsylvania Avenue NW, Department of the Treasury, Terrorism Required: No Washington, DC 20229 Risk Insurance Program, Room 2112, Phone: 202 344–3251 1425 New York Ave. N.W., Government Levels Affected: None Washington, DC 20220 Agency Contact: Daniel Cornette, RIN: 1505–AB52 Phone: 202 622–7255 Attorney, Valuation and Special

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TREAS—DO Proposed Rule Stage

2265. CENTRALIZATION OF THE filing of post-entry TPL claims to 1 Customs and Border Protection, 1300 CONTINUOUS BOND PROGRAM AT year, the same amount of time allowed Pennsylvania Avenue NW, Washington, THE CBP NATIONAL FINANCE for post-entry claims for NAFTA DC 20229 CENTER ‘‘originating merchandise.’’ This Phone: 202 344–1317 amendment also clarifies that for an Priority: Substantive, Nonsignificant. RIN: 1505–AB62 Major status under 5 USC 801 is importer to claim the exemption of the undetermined. merchandise processing fee for goods that meet a NAFTA rule of origin even 2268. ∑ ADMINISTRATIVE RULINGS Legal Authority: 19 USC 1623 when the goods are unconditionally AND PROTESTS CFR Citation: 19 CFR 101; 19 CFR 113 free, the importer is subject to the same declaration requirement that is Priority: Substantive, Nonsignificant Legal Deadline: None established for claiming NAFTA duty Legal Authority: 5 USC 301; 19 USC Abstract: Amendment to reflect CBP’s preference. Lastly, the amendment 66; 19 USC 1202 (General Note 3(i), planned centralization of the clarifies that a Certificate of Origin is Harmonized Tariff Schedule of the continuous bond program at the not required for a commercial United States); 19 USC 1502; 19 USC National Finance Center (NFC). importation for which the total value 1624; 19 USC 1625; 19 USC 1514; 19 Pursuant to this centralization, all of originating goods does not exceed USC 1515; 19 USC 1448; 19 USC 1484; continuous bonds would be filed at the $2,500. 19 USC 1501; 19 USC 1520; . . . NFC via mail, fax, or in an electronic Timetable: format. The NFC would assume most CFR Citation: 19 CFR 177; 19 CFR 174; of the bond functions previously Action Date FR Cite 19 CFR 173; 19 CFR 142 performed at the port level, with the NPRM 09/00/06 noted exception that the authority to Legal Deadline: None approve single transaction bonds will Regulatory Flexibility Analysis Required: No Abstract: Amendments to implement remain with port directors. These the administrative rulings process as changes would support CBP’s bond Government Levels Affected: None well as the filing and administrative program by ensuring an efficient and Agency Contact: Seth Mazze, CBP review of protests against specific uniform approach to the approval, Officer, Office of Field Operations, decisions of Customs and Border maintenance, and periodic review of Department of the Treasury, Customs Protection (CBP). Amendments reflect continuous bonds. and Border Protection, Office of Field changes to the underlying statutory Timetable: Operations, 1300 Pennsylvania Avenue, authority to parts 177 and 174 of title NW, Washington, DC 20229 19 of the CFR made by the Customs Action Date FR Cite Phone: 202 344–2634 Modernization Provisions of the North NPRM 07/00/06 RIN: 1505–AB58 American Free Trade Agreement Regulatory Flexibility Analysis (‘‘NAFTA’’) Implementation Act. Required: No Proposed changes to part 174 also 2267. ∑ FEES FOR CERTAIN reflect statutory amendments made by Government Levels Affected: None SERVICES the Miscellaneous Trade and Technical Agency Contact: Bruce Ingalls, Chief, Priority: Substantive, Nonsignificant Corrections Act of 1999 regarding Debt Management Branch, Department protests against decisions on post- Legal Authority: of the Treasury, Office of Finance, 6650 5 USC 301; 19 USC importation NAFTA claims and the Telecom Drive, Suite 100, Indianapolis, 58c; 19 USC 66; 19 USC 1202; . . . time required for allowing or denying IN 46278 CFR Citation: 19 CFR 24 an application for further review of a Phone: 317 298–1307 Legal Deadline: None protest. Additional changes to part 174 are proposed to reflect statutory RIN: 1505–AB54 Abstract: Amendment revises the fees amendments made by the charged for certain customs Miscellaneous Trade and Technical 2266. NAFTA: POST–ENTRY CLAIMS inspectional services under 13031 of Corrections Act of 2004 which impact AND MERCHANDISE PROCESSING the Consolidated Omnibus Budget the types of matters that are subject to FEE EXEMPTION Reconciliation Act of 1985, as protest, and extend various protest time amended. Amendments are necessary Priority: Substantive, Nonsignificant limits such as the time to file and to reflect recent changes in the amend a protest, the time for a surety Legal Authority: 19 USC 66; 19 USC pertinent statutory provisions. to file a protest, and the time to file 1202; 19 USC 1624; 19 USC 3314 Timetable: a request for accelerated disposition of a protest. Other changes proposed serve CFR Citation: 19 CFR 181 Action Date FR Cite to modernize, clarify, and enhance Legal Deadline: None NPRM 04/00/06 current CBP administrative rulings and Abstract: Currently, CBP regulations do Regulatory Flexibility Analysis protest procedures and reflect the not limit the time that an importer has Required: No nomenclature changes effected by the to file a post-entry claim for tariff transfer of CBP to the Department of preference level (TPL) treatment under Government Levels Affected: None Homeland Security and the subsequent the North American Free Trade Agency Contact: Jerry Petty, Director, renaming of the U.S. Customs Service Agreement (NAFTA) Implementation Cost Management Division, Department as the Bureau of Customs and Border Act. This amendment would limit the of the Treasury, Office of Finance, Protection.

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TREAS—DO Proposed Rule Stage

Timetable: addressing changes to the definition of Legal Deadline: None property and casualty insurance, Action Date FR Cite Abstract: requirements for satisfying the Act’s This document proposes to NPRM 04/00/06 mandatory availability provision and amend title 19 of the Code of Federal Regulatory Flexibility Analysis the operation of the new ‘‘Program Regulations to set forth special requirements for the entry of certain Required: No Trigger’’ limitation for paying federal compensation. cement products from Mexico requiring Government Levels Affected: None a United States Department of Agency Contact: William G. Rosoff, Timetable: Commerce import license. The cement Chief, Entry Process and Duty Refund Action Date FR Cite products in question are those listed in Branch, Department of the Treasury, the Agreement Between the Office of NPRM 04/00/06 Office of Regulations and Rulings, 1300 the United States Trade Representative, Pennsylvania Avenue NW., Regulatory Flexibility Analysis the United States Department of Washington, DC 20229 Required: No Commerce, and Mexico’s Secretaria de Phone: 202 572–8807 Small Entities Affected: No Economia on Trade in Cement, dated March 6, 2006. The changes proposed Gail Hamill, Chief, Tariff Classification Government Levels Affected: None in this document require the inclusion and Marking Branch, Department of the Agency Contact: David J. Brummond, of an import license number on the Treasury, Office of Regulations and Legal Counsel, Department of the entry summary documentation filed Rulings, 1300 Pennsylvania Ave, NW., Treasury, Terrorism Risk Insurance with Customs and Border Protection for Washington, DC 20229 Program, Room 2112, 1425 New York any cement product for which the Phone: 202 572–8810 Ave. N.W., Washington, DC 20220 United States Department of Commerce RIN: 1505–AB65 Phone: 202 622–7255 requires under its cement licensing and Email: [email protected] import monitoring program as well as a valid Mexican export license with the ∑ 2269. TERRORISM RISK Howard Leikin, Deputy Director, entry documentation for cement INSURANCE PROGRAM; TRIA Department of the Treasury, Office of covered by the Agreement on Trade in EXTENSION ACT IMPLEMENTATION Financial Institutions, Terrorism Risk Cement. Priority: Substantive, Nonsignificant Insurance Program, 1425 New York Timetable: Legal Authority: 5 USC 301; Terrorism Avenue NW., Washington, DC 20220 Risk Insurance Act of 2002, Title I, PL Phone: 202 622–6770 Action Date FR Cite 107–297, 116 Stat 2322; Terrorism Risk Email: [email protected] NPRM 04/06/06 Insurance Extension Act of 2005, PL Related RIN: Duplicate of 1505–AB66 109–144, 119 Stat 2660 Regulatory Flexibility Analysis RIN: 1505–AB67 Required: No CFR Citation: 31 CFR Part 50 Government Levels Affected: None Legal Deadline: None 2270. ∑ ENTRY OF CERTAIN CEMENT Abstract: The Department of Treasury PRODUCTS FROM MEXICO URL For More Information: is issuing this proposed rule as part of REQUIRING A COMMERCE www.ia.ita.doc.gov/download/mexico- its implementation of amendments DEPARTMENT IMPORT LICENSE cement/cement-final-agreement.pdf made to title I of the Terrorism Risk Priority: Substantive, Nonsignificant Agency Contact: Alice Buchanan, Insurance Act of 2002 (TRIA or Act) Legal Authority: 5 USC 301; 19 USC Office of Field Operations, Department by the Terrorism Risk Insurance of the Treasury, 1301 Constitution Extension Act of 2005 (Extension Act). 66; 19 USC 1202; 19 USC 1624; 19 USC 1673 Avenue NW., Washington, DC 20229 This proposed rule proposes to adopt Phone: 202 344–2697 by cross reference the text of Treasury’s CFR Citation: 19 CFR 12.155; 19 CFR interim final rule (RIN 1505-AB66) 306.201 to 205 RIN: 1505–AB68

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

2271. REPORTING AND PROCEDURES CFR Citation: 31 CFR 501; 31 CFR 515 provisions are being published as an REGULATIONS; CUBAN ASSETS Legal Deadline: None appendix to the Reporting and CONTROL REGULATIONS: Procedures Regulations, 31 CFR part Abstract: The Office of Foreign Assets PUBLICATION OF ECONOMIC 501; and 2) specific provisions focusing Control (OFAC) of the U.S. Department SANCTIONS ENFORCEMENT on Cuba are being published as an of the Treasury is publishing for public GUIDELINES comment an updated version of its appendix to the Cuban Assets Control Regulations, 31 CFR part 515. To the Priority: Substantive, Nonsignificant internal Economic Sanctions Enforcement Guidelines. These extent this proposed rule applied to Legal Authority: 21 USC 1901 to 1908; Guidelines are being published as ‘‘banking institutions,’’ it is superceded 22 USC 287c; 31 USC 321(b); 50 USC separate appendices to two parts of the by the interim final rule, ‘Economic 1701 to 1706; 50 USC app 1–44 Code of Federal Regulations: 1) General Sanctions Enforcement Procedures for

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TREAS—DO Final Rule Stage

Banking Institutions,’ issued by OFAC 2273. EXPANDED METHODS OF 19 USC 1431; 19 USC 1433; 19 USC on January 11, 2006 (71 FR 1971). PAYMENT OF DUTIES, TAXES, 1434; 19 USC 1505; 19 USC 1624; 31 Timetable: INTEREST, AND FEES USC 9701; 46 USC 2110 to 2112 Priority: Action Date FR Cite Substantive, Nonsignificant CFR Citation: 19 CFR 4; 19 CFR 24; Legal Authority: 5 USC 301; 19 USC 19 CFR 101 NPRM 01/29/03 68 FR 4422 197 to 19 USC 198; 19 USC 58a to 58c; Legal Deadline: None NPRM Comment 03/31/03 19 USC 66; 19 USC 1202; 19 USC 1450; Period End Abstract: Amendment regarding the 19 USC 1624; 31 USC 9701 Final Action 01/00/07 proper assessment of user and CFR Citation: 19 CFR 24 Regulatory Flexibility Analysis navigation fees, as well as other Required: No Legal Deadline: None reimbursement charges for customs services performed in connection with, Abstract: Amendment to expand the Government Levels Affected: None among other things, the processing of number of ways that the Bureau of vehicles, vessels, aircraft, and Agency Contact: Chief Of Records, Customs and Border Protection will merchandise arriving in the United Department of the Treasury, Office of accept payment of duties, taxes, fees, States. The purpose of the amendment Foreign Assets Control, 1500 interest, and other charges. Currently, is to conform the regulations with the Pensylvania Avenue NW., Washington, the regulations allow for credit or intent of the customs user fee statute DC 20220 charge cards, which have been and to reflect existing operational Phone: 202 622–2530 authorized by the Commissioner of the policy and administrative practice in Fax: 202 622–1657 Bureau of Customs and Border this area. Related RIN: Related to 1505–AB69 Protection (Commissioner), to be used Timetable: RIN: 1505–AA95 at designated customs-serviced locations with a limitation that this Action Date FR Cite method of payment may only be used 2272. COUNTRY–OF–ORIGIN by noncommercial entities. Amendment NPRM 05/01/01 66 FR 21705 MARKING allows credit and charge cards NPRM Comment 07/02/01 Period End Priority: Substantive, Nonsignificant authorized by the Commissioner of CBP to be used for payment of duties, taxes, Final Action 09/00/06 Legal Authority: 5 USC 301; 19 USC fees, interest, and other charges not Regulatory Flexibility Analysis 66; 19 USC 1202; 19 USC 1304; 19 USC related to formal consumption entries Required: No 1624 for consumption in United States Government Levels Affected: None CFR Citation: 19 CFR 134 commerce, warehouse withdrawals or Additional Information: Transferred Legal Deadline: None quarterly user fees and by removing the limitation that these methods of from RIN 1515-AC63 Abstract: Amendments clarify the payment may only be used for Agency Contact: Peter Flores, country-of-origin marking rules set noncommercial entries. Department of the Treasury, Office of forth in part 134 of the Bureau of Timetable: Field Operations, 1300 Pennsylvania Customs and Border Protection Avenue, NW, Washington, DC 20229 Regulations. Amendments promote the Action Date FR Cite Phone: 202 344–3127 concept of informed compliance by the NPRM 03/17/99 64 FR 13141 RIN: 1505–AB24 trade and proper field administration of NPRM Comment 05/17/99 the statutory requirement. Period End Timetable: Final Action 07/00/06 2275. AFRICAN GROWTH AND OPPORTUNITY ACT AND Action Date FR Cite Regulatory Flexibility Analysis Required: No GENERALIZED SYSTEM OF NPRM 01/26/00 65 FR 4193 PREFERENCES Government Levels Affected: None NPRM Comment 04/26/00 65 FR 17473 Priority: Substantive, Nonsignificant Period End Additional Information: Transferred Final Action 07/00/06 from RIN 1515-AC40 Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 Regulatory Flexibility Analysis Agency Contact: Linda Lloyd, USC 1484; 19 USC 1498; 19 USC 1508; Required: No Financial Officer, Financial Policy 19 USC 1623; 19 USC 1624; 19 USC Government Levels Affected: None Division, Department of the Treasury, 2461; 19 USC 3314; 19 USC 3721 1300 Pennsylvania Avenue NW., Additional Information: Transferred Washington, DC 20229 CFR Citation: 19 CFR 10; 19 CFR 163 from RIN 1515-AC32 Phone: 202 344–1565 Legal Deadline: Final, Statutory, Agency Contact: Gail Hamill, Chief, RIN: 1505–AB22 October 1, 2000, Public Law 106–200. Tariff Classification and Marking Abstract: Amendments to implement Branch, Department of the Treasury, the trade benefit provisions for sub- Office of Regulations and Rulings, 1300 2274. USER AND NAVIGATION FEES; OTHER REIMBURSABLE CHARGES Saharan Africa contained in title I of Pennsylvania Ave, NW., Washington, the Trade and Development Act of DC 20229 Priority: Substantive, Nonsignificant 2000. The trade benefits under title I, Phone: 202 572–8810 Legal Authority: 5 USC 301; 19 USC also referred to as the African Growth RIN: 1505–AB21 58a to 58c; 19 USC 66; 19 USC 1202; and Opportunity Act, apply to sub-

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TREAS—DO Final Rule Stage

Saharan African countries designated articles that are excluded from duty- Agency Contact: Bruce Ingalls, Chief, by the President and involve the free treatment under the Caribbean Debt Management Branch, Department extension of duty-free treatment under Basin Initiative program. of the Treasury, Office of Finance, 6650 the Generalized System of Preferences Timetable: Telecom Drive, Suite 100, Indianapolis, (GSP) to nonimport-sensitive, IN 46278 nontextile articles normally excluded Action Date FR Cite Phone: 317 298–1307 from GSP duty-free treatment, and the Interim Final Rule 10/01/00 65 FR 59650 RIN: 1505–AB29 entry of specific textile and apparel Effective articles free of duty and free of any Interim Final Rule 10/05/00 65 FR 59650 quantitative limits. Interim Final Rule 12/04/00 2278. DOG AND CAT PROTECTION Comment Period ACT Timetable: End Priority: Substantive, Nonsignificant Action Date FR Cite Final Action 12/00/06 Legal Authority: 19 USC 66; 19 USC Interim Final Rule 10/05/00 65 FR 59668 Regulatory Flexibility Analysis 1202; 19 USC 1308; 19 USC 1592; 19 Interim Final Rule 10/01/00 Required: No USC 1593a; 19 USC 1624 Effective Government Levels Affected: None Interim Final Rule 12/04/00 CFR Citation: 19 CFR 12; 19 CFR 113; Comment Period Additional Information: Transferred 19 CFR 151; 19 CFR 162 End from RIN 1515-AC76 Legal Deadline: Final, Statutory, Final Action 12/00/06 Agency Contact: Cynthia Reese, Senior August 9, 2001, Public Law 106–476. Regulatory Flexibility Analysis Attorney, Department of the Treasury, Abstract: Amendment to implement Required: No Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., certain provisions of the Dog and Cat Government Levels Affected: None Washington, DC 20229 Protection Act of 2000. The Dog and Additional Information: Transferred Phone: 202 572–8790 Cat Protection Act of 2000 prohibits the importation of any products containing from RIN 1515-AC72 RIN: 1505–AB28 dog or cat fur, and provides for civil Agency Contact: Cynthia Reese, Senior and criminal penalties for violations of Attorney, Department of the Treasury, 2277. REIMBURSABLE CUSTOMS the Act. Amendment sets forth the Office of Regulations and Rulings, 1300 INSPECTIONAL SERVICES— prohibitions on dog and cat fur Pennsylvania Avenue NW., INCREASE IN HOURLY RATE importations and the penalties for Washington, DC 20229 CHARGE violations. Amendment also Phone: 202 572–8810 Priority: Substantive, Nonsignificant implements the provision of the Act RIN: 1505–AB26 pertaining to CBP’s certification process Legal Authority: 5 USC 301; 5 USC of commercial laboratories, both 6103; 19 USC 58a to 58c; 19 USC 66; domestic and foreign, that can 2276. UNITED STATES–CARIBBEAN 19 USC 261; 19 USC 267; 19 USC 1202; determine if articles intended to be BASIN TRADE PARTNERSHIP ACT 19 USC 1450 to 1452; 19 USC 1456; imported into the United States contain AND CARIBBEAN BASIN INITIATIVE 19 USC 1505; 19 USC 1557; 19 USC dog or cat fur. Priority: Substantive, Nonsignificant 1562; 19 USC 1624; 26 USC 4461; 26 USC 4462; 31 USC 9701; 46 USC 2110 Timetable: Legal Authority: 19 USC 66; 19 USC to 2112 Action Date FR Cite 1202; 19 USC 1321; 19 USC 1481; 19 USC 1484; 19 USC 1498; 19 USC 1508; CFR Citation: 19 CFR 24; 19 CFR 101 NPRM 08/10/01 66 FR 42163 19 USC 1623; 19 USC 1624; 19 USC Legal Deadline: None NPRM Comment 10/09/01 2701; 19 USC 3314 Period End Abstract: Amendment to increase the Final Action 07/00/06 CFR Citation: 19 CFR 10; 19 CFR 163 rate of charge for reimbursable customs inspectional services. Regulatory Flexibility Analysis Legal Deadline: Final, Statutory, Required: No October 1, 2000, Public Law 106–200. Timetable: Government Levels Affected: None Abstract: Amendments to implement Action Date FR Cite the trade benefit provisions for Additional Information: Transferred NPRM 02/01/01 66 FR 8554 from RIN 1515-AC87 Caribbean Basin countries contained in NPRM Comment 04/02/01 title II of the Trade and Development Period End Agency Contact: Alan Cohen, Act of 2000. The trade benefits under Second NPRM 10/09/02 67 FR 62920 Attorney–Advisor, Penalties Branch, title II, also referred to as the United Second NPRM 12/09/02 Department of the Treasury, Office of States-Caribbean Basin Trade Comment Period Regulations and Rulings, 1300 Partnership Act (the CBTPA), apply to End Pennsylvania Avenue NW., Caribbean Basin countries designated Final Action 09/00/06 Washington, DC 20229 by the President and involve the entry Regulatory Flexibility Analysis Phone: 202 572–8742 of specific textile and apparel articles Required: No free of duty and free of any quantitative Luan Cotter, Operations Officer, restrictions, limitations, or consultation Government Levels Affected: None Department of the Treasury, Office of levels and the extension of NAFTA Additional Information: Transferred Field Operations, 1300 Pennsylvania duty treatment standards to nontextile from RIN 1515-AC77 Avenue NW., Washington, DC 20229

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TREAS—DO Final Rule Stage

Phone: 202 344–2874 2280. IMPLEMENTATION OF THE Phone: 202 344–1959 ANDEAN TRADE PROMOTION AND RIN: 1505–AB37 Renee Stevens, Science Officer, DRUG ERADICATION ACT Department of the Treasury, Office of Priority: Substantive, Nonsignificant Laboratories and Scientific Services, 2281. TRADE BENEFITS UNDER THE 1300 Pennsylvania Avenue NW., Legal Authority: 19 USC 66; 19 USC AFRICAN GROWTH AND Washington, DC 20229 1202; 19 USC 1321; 19 USC 1481; 19 OPPORTUNITY ACT Phone: 703 621–7714 USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC Priority: Substantive, Nonsignificant Jeremy Baskin, Special Assistant, Office 3203; 19 USC 3314 Legal Authority: 19 USC 66; 19 USC of the Assistant Commisisoner, CFR Citation: 19 CFR 10; 19 CFR 163 1202; 19 USC 1321; 19 USC 1481; 19 Department of the Treasury, Office of USC 1484; 19 USC 1498; 19 USC 1508; Legal Deadline: None Regulations and Rulings, 1300 19 USC 1623; 19 USC 1624; 19 USC Pennsylvania Avenue NW., Abstract: Amendment to implement 3721; 19 USC 3314 Washington, DC 20229 the trade benefit provisions for Andean CFR Citation: 19 CFR 10 Phone: 202 572–8753 countries contained in title XXXI of the Trade Act of 2002. The trade benefits Legal Deadline: None RIN: 1505–AB31 under title XXXI, also referred to as the Abstract: Amendment to those Andean Trade Promotion and Drug provisions of the Customs and Border 2279. SINGLE ENTRY FOR Eradication Act (the ATPDEA), apply Protection Regulations that implement UNASSEMBLED OR DISASSEMBLED to Andean countries specifically the trade benefit provisions for sub- ENTITIES IMPORTED ON MULTIPLE designated by the President for Saharan African countries contained in CONVEYANCES ATPDEA purposes. The ATPDEA trade the African Growth and Opportunity benefits involve the entry of specific Priority: Substantive, Nonsignificant Act (the AGOA). Amendments involve apparel and other textile articles free the textile and apparel provisions of the Legal Authority: of duty and free of any quantitative 19 USC 66; 19 USC AGOA and in part reflect changes to restrictions, limitations, or consultation 1448; 19 USC 1484; 19 USC 1624 those statutory provisions by section levels, the extension of duty-free CFR Citation: 19 CFR 141; 19 CFR 142 3108 of the Trade Act of 2002. The treatment to specified nontextile specific statutory changes involve the Legal Deadline: articles normally excluded from duty- Final, Statutory, May amendment of several provisions to free treatment under the Andean Trade 9, 2001, Public Law 106–476. clarify the status of apparel articles Preference Act (ATPA) program if the Abstract: assembled from knit-to-shape Amendment to allow an President finds those articles to be not components, the inclusion of a specific importer of record, under certain import-sensitive in the context of the reference to apparel articles formed on conditions, to submit a single entry to ATPDEA, and the entry of certain seamless knitting machines, a change cover multiple portions of a single imports of tuna free of duty and free of the wool fiber diameter specified in entity which, due to its size or nature, of any quantitative restrictions. arrives in the United States on separate one provision, and the addition of a conveyances. Amendment implements Timetable: new provision to cover additional statutory changes made to the Action Date FR Cite production scenarios involving the merchandise entry laws by the Tariff United States and AGOA beneficiary Suspension and Trade Act of 2000. Interim Final Rule 03/25/03 68 FR 14478 countries. Interim Final Rule 03/25/03 Timetable: Effective Timetable: Action Date FR Cite Interim Final Rule 05/27/03 Action Date FR Cite Comment Period NPRM 04/08/02 67 FR 16664 End Interim Final Rule 03/21/03 68 FR 13820 NPRM Comment 06/07/02 Final Action 12/00/06 Interim Final Rule 03/21/03 Period End Effective Regulatory Flexibility Analysis Final Action 07/00/06 Interim Final Rule 05/20/03 Required: No Comment Period Regulatory Flexibility Analysis Government Levels Affected: None End Required: No Final Action 12/00/06 Additional Information: Transferred Government Levels Affected: None from RIN 1515-AD19 Regulatory Flexibility Analysis Required: No Additional Information: Transferred Agency Contact: Cynthia Reese, Senior from RIN 1515-AC94 Attorney, Department of the Treasury, Government Levels Affected: None Office of Regulations and Rulings, 1300 Agency Contact: Timothy Sushil, Additional Information: Transferred Pennsylvania Avenue NW., Operations Officer, Department of the from RIN 1515-AD20 Treasury, Customs and Border Washington, DC 20229 Agency Contact: Robert Abels, Protection, Office of Field Operations, Phone: 202 572–8790 Operations Officer, Department of the 1300 Pennsylvania Avenue, NW., Robert Abels, Operations Officer, Treasury, Office of Field Operations, Washington, DC 20229 Department of the Treasury, Office of 1300 Pennsylvania Avenue NW., Phone: 202 344–2567 Field Operations, 1300 Pennsylvania Washington, DC 20229 RIN: 1505–AB34 Avenue NW., Washington, DC 20229 Phone: 202 344–1959

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Cynthia Reese, Senior Attorney, Treasury, Customs and Border Agency Contact: Robert Abels, Department of the Treasury, Office of Protection, Office of Field Operations, Operations Officer, Department of the Regulations and Rulings, 1300 1300 Pennsylvania Avenue NW, Treasury, Office of Field Operations, Pennsylvania Avenue NW., Washington, DC 20229 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344–1196 Washington, DC 20229 Phone: 202 572–8790 RIN: 1505–AB39 Phone: 202 344–1959 RIN: 1505–AB38 Cynthia Reese, Senior Attorney, 2283. TRADE BENEFITS UNDER THE Department of the Treasury, Office of 2282. FEES FOR CUSTOMS CARIBBEAN BASIN ECONOMIC Regulations and Rulings, 1300 PROCESSING AT EXPRESS COURIER RECOVERY ACT Pennsylvania Avenue NW., FACILITIES Priority: Substantive, Nonsignificant Washington, DC 20229 Phone: 202 572–8790 Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC Legal Authority: 5 USC 301; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 RIN: 1505–AB40 58a to 58c; 19 USC 66; 19 USC 1202; USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1505; 19 USC 261; 19 USC 267; 19 USC 1623; 19 USC 1624; 19 USC 2284. UNITED STATES—CHILE FREE 19 USC 1450 to 1452; 19 USC 1456; 2701; 19 USC 3314 TRADE AGREEMENT 19 USC 1524; 19 USC 1557; 19 USC CFR Citation: 19 CFR 10 1562; 19 USC 1624; 26 USC 4461; 26 Priority: Substantive, Nonsignificant Legal Deadline: None USC 4462; 19 USC 3332; 46 USC 2110 Legal Authority: 19 USC 3805 note; 19 to 2112 Abstract: Amendment to implement USC 1202; 19 USC 66; 19 USC 1624; the trade benefits for Caribbean Basin CFR Citation: 19 CFR 24; 19 CFR 113; ... countries contained in section 213(b) of 19 CFR 128 the Caribbean Basin Economic CFR Citation: 19 CFR 10; 19 CFR 12; Legal Deadline: None Recovery Act (the CBERA). 19 CFR 24; 19 CFR 163; . . . Abstract: Amendment to implement Amendments involve the textile and Legal Deadline: Final, Statutory, amendments to the customs user fee apparel provisions of section 213(b) January 1, 2005, United States–Chile statute made by section 337 of the and in part reflect changes made to Free Trade Agreement Implementation Trade Act of 2002 and section 2004(f) those statutory provisions by section Act. of the Miscellaneous Trade and 3107 of the Trade Act of 2002. The specific statutory changes involve the Abstract: Amendment to implement Technical Corrections Act of 2004. the preferential tariff treatment and Statutory amendments concern the fees amendment of several provisions to clarify the status of apparel articles other customs-related provisions of the payable for customs services provided Free Trade Agreement entered into by in connection with the informal entry assembled from knit-to-shape components, the addition of language the United States and the Republic of or release of shipments at express Chile. consignment carrier facilities and requiring any dyeing, printing, and centralized hub facilities. Section finishing of certain fabrics to be done Timetable: 2004(f) amends the user fee statute to in the United States, the inclusion of Action Date FR Cite authorize, for merchandise that is exception language in the brassieres formally entered at these sites, the provision regarding articles entered Interim Final Rule 03/07/05 70 FR 10868 reimbursement of merchandise under other CBERA apparel provisions, Interim Final Rule 06/06/05 Comment Period processing fees provided for in 19 the addition of a provision permitting the dyeing, printing, and finishing of End U.S.C. 58c(a)(9) in addition to the Final Action 04/00/06 existing reimbursement of $.66 per thread in the Caribbean region, and the individual airway bill or bill of lading. addition of a new provision to cover Regulatory Flexibility Analysis The effect of the statutory amendments additional production scenarios Required: No involving the United States and the is to replace the annual lump sum Government Levels Affected: None payment procedure with a quarterly Caribbean region. payment procedure based on a specific Timetable: Agency Contact: Robert Abels, fee for each individual airway bill or Operations Officer, Department of the Action Date FR Cite bill of lading. Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Timetable: Interim Final Rule 03/21/03 68 FR 13827 Interim Final Rule 03/21/03 Washington, DC 20229 Action Date FR Cite Effective Phone: 202 344–1959 Interim Final Rule 04/00/06 Interim Final Rule 05/20/03 RIN: 1505–AB47 Comment Period Regulatory Flexibility Analysis End Required: No Final Action 12/00/06 2285. UNITED STATES—SINGAPORE Government Levels Affected: None Regulatory Flexibility Analysis FREE TRADE AGREEMENT Additional Information: Transferred Required: No Priority: Substantive, Nonsignificant from RIN 1515-AD21 Government Levels Affected: None Legal Authority: 19 USC 3805 note; 19 Agency Contact: Michael L. Jackson, Additional Information: Transferred USC 1202; 19 USC 66; 19 USC 1624; Operations Officer, Department of the from RIN 1515-AD22 ...

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TREAS—DO Final Rule Stage

CFR Citation: 19 CFR 10; 19 CFR 12; Timetable: Action Date FR Cite 19 CFR 24; 19 CFR 163; . . . Action Date FR Cite NPRM Comment 08/06/02 Legal Deadline: Final, Statutory, NPRM 10/05/04 69 FR 59562 Period End January 1, 2005, U.S.–Singapore Free NPRM Comment 11/04/04 Final Action 07/00/06 Trade Agreement Implementation Act. Period End Regulatory Flexibility Analysis Abstract: Amendment to implement Final Action 04/00/06 Required: No Regulatory Flexibility Analysis the preferential tariff treatment and Government Levels Affected: None other customs-related provisions of the Required: No Additional Information: Transferred Free Trade Agreement entered into by Government Levels Affected: None the United States and the Republic of from RIN 1515-AD05; 1651-AA39. Agency Contact: Paul Pizzeck, Singapore. Agency Contact: Jeremy Baskin, Attorney, IPR & Restricted Merchandise Special Assistant, Office of the Timetable: Branch, Department of the Treasury, Assistant Commisisoner, Department of Office of Regulations and Rulings, 1300 Action Date FR Cite the Treasury, Office of Regulations and Pennsylvania Avenue NW., Rulings, 1300 Pennsylvania Avenue Interim Final Rule 07/00/06 Washington, DC 20229 NW., Washington, DC 20229 Regulatory Flexibility Analysis Phone: 202 572–8710 Phone: 202 572–8753 Required: No George F. McCray, Chief, IPR & RIN: 1505–AB57 Government Levels Affected: None Restricted Merchandise Branch, Department of the Treasury, Office of Agency Contact: Robert Abels, 2288. COUNTRY OF ORIGIN OF Regulations and Rulings, 1300 Operations Officer, Department of the TEXTILE AND APPAREL PRODUCTS Treasury, Office of Field Operations, Pennsylvania Avenue NW., 1300 Pennsylvania Avenue NW., Washington, DC 20229 Priority: Substantive, Nonsignificant Washington, DC 20229 Phone: 202 572–8709 Legal Authority: 5 USC 301; 19 USC Phone: 202 344–1959 RIN: 1505–AB51 66; 19 USC 1202; 19 USC 1624; 19 USC RIN: 1505–AB48 3314; 19 USC 3592 2287. CONDITIONAL RELEASE CFR Citation: 19 CFR 12; 19 CFR 102; 2286. RECORDATION OF PERIOD AND CUSTOMS BOND 19 CFR 141; 19 CFR 144; 19 CFR 146; COPYRIGHTS AND ENFORCEMENT OBLIGATIONS FOR FOOD, DRUGS, 19 CFR 163 PROCEDURES TO PREVENT DEVICES, AND COSMETICS (SECTION Legal Deadline: None 610 REVIEW) IMPORTATION OF PIRATICAL Abstract: Amendment of the CBP ARTICLES Priority: Substantive, Nonsignificant regulations to update, restructure and Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC consolidate the regulations relating to 1202; 19 USC 1448; 19 USC 1484; 19 the country of origin of textile and Legal Authority: 15 USC 1124; 15 USC USC 1499; 19 USC 1623; 19 USC 1624; apparel products. Amendments reflect 1125; 17 USC 101; 17 USC 106; 17 USC 21 USC 381 changes brought about, in part, by the 501; 19 USC 66; 19 USC 1499; 19 USC CFR Citation: 19 CFR 141; 19 CFR 151 expiration on January 1, 2005, of the 1595a; 17 USC 1201(b); 18 USC 2319A; Agreement on Textiles and Clothing Legal Deadline: ... None and the resulting elimination of quotas CFR Citation: 19 CFR 133 Abstract: Amendment to provide for a on the entry of textile and apparel specific conditional release period for products from World Trade Legal Deadline: None any food, drug, device, or cosmetic that Organization members. The primary Abstract: This amendment will allow has been released under bond and for regulatory change is the elimination of CBP to be more responsive to claims which admissibility is to be determined the requirement that a textile of piracy. Amendment would allow under the provisions of the Food, Drug, declaration be submitted for all sound recordings and motion pictures and Cosmetic Act. Amendment also importations of textile and apparel or similar audio-visual works to be clarifies the amount of liquidated products. In addition, to improve the recorded with CBP while pending damages that may be assessed when quality of reporting of the manufacturer registration with the U.S. Copyright there is a breach of the terms and of imported textiles and apparel Office. Amendment would also conditions of the customs bond. Lastly, products, the amendments include a enhance the protection of all non-U.S. amendment authorizes any requirement that importers identify the works by allowing recordation without representative of the Food and Drug manufacturer of such products through requiring registration with the U.S. Administration to obtain a sample of a manufacturer identification code. any food, drug, device, or cosmetic, the Copyright Office. Amendment would Timetable: also set forth changes to CBP’s importation of which is governed by enforcement procedures, including, section 801 of the Food, Drug, and Action Date FR Cite among other things, enhanced Cosmetic Act, as amended. Interim Final Rule 10/05/05 70 FR 58009 disclosure provisions, protection for Timetable: Interim Final Rule 12/05/05 live musical performances and Comment Period provisions to enforce the Digital Action Date FR Cite End Millennium Copyright Act. NPRM 06/07/02 67 FR 39322 Final Action 07/00/06

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TREAS—DO Final Rule Stage

Regulatory Flexibility Analysis Phone: 202 572–8810 Insurance Program, 1425 New York Required: No RIN: 1505–AB64 Avenue NW., Washington, DC 20220 Government Levels Affected: None Phone: 202 622–6770 Email: [email protected] Agency Contact: Cynthia Reese, Senior 2290. ∑ TERRORISM RISK Attorney, Department of the Treasury, INSURANCE PROGRAM; TRIA Related RIN: Related to 1505–AB67 Office of Regulations and Rulings, 1300 EXTENSION ACT IMPLEMENTATION Pennsylvania Avenue NW., RIN: 1505–AB66 Priority: Substantive, Nonsignificant Washington, DC 20229 Legal Authority: 5 USC 301; 31 USC Phone: 202 572–8810 2291. ∑ ECONOMIC SANCTIONS 321; Terrorism Risk Insurance Act of ENFORCEMENT PROCEDURES FOR Robert Abels, Operations Officer, 2002, Title I, PL 107–297, 116 Stat BANKING INSTITUTIONS Department of the Treasury, Office of 2322; Terrorism Risk Insurance Field Operations, 1300 Pennsylvania Extension Act of 2005, PL 109–144, 119 Priority: Substantive, Nonsignificant. Avenue NW., Washington, DC 20229 Stat 2660 Major status under 5 USC 801 is Phone: 202 344–1959 CFR Citation: 31 CFR 50 undetermined. RIN: 1505–AB60 Legal Deadline: None Legal Authority: 18 USC 2332d; 21 Abstract: This interim final rule USC 1901 to 1908; 22 USC 287c; 22 2289. ∑ DOMINICAN implements amendments to the USC 2370(a); 31 USC 321(b); 50 USC REPUBLIC–CENTRAL Terrorism Risk Insurance Act of 2002 1701 to 1706; 50 USC app 1–44; PL AMERICA–UNITED STATES FREE (TRIA) by the Terrorism Risk Insurance 101–410 (28 USC 2461 note); EO 9193; TRADE AGREEMENT Extension Act of 2005 (Extension Act). EO 9989; EO 12854 Priority: Substantive, Nonsignificant TRIA established a temporary Terrorism Risk Insurance Program CFR Citation: 31 CFR 501 Legal Authority: 19 USC 66; 19 USC (Program) that was scheduled to expire Legal Deadline: None 1202; 19 USC 1624; 19 USC 4001 on December 31, 2005 under which the CFR Citation: 19 CFR 10 Federal Government shared the risk of Abstract: This interim final rule insured losses from certified acts of supercedes the proposed rule issued by Legal Deadline: Final, Statutory, terrorism with commercial property the Office of Foreign Assets Control January 1, 2006, PL 109–53. and casualty insurers. The Extension (OFAC) on January 29, 2003 (68 FR Abstract: Amendment of CBP Act extends the Program through 4422) to the extent that the proposed regulations to set forth the conditions December 31, 2007 and makes other rule applied to ‘‘banking institutions,’’ and requirements that apply for changes to TRIA. This interim final rule as defined in the interim final rule. purposes of submitting requests to CBP specifically addresses changes to the These administrative procedures are for refunds of any excess customs types of property and casualty published as an appendix to OFAC’s duties paid with respect to entries of insurance covered by the Act, the Reporting, Procedures and Penalties textile or apparel goods entitled to requirements to satisfy the Act’s Regulations (31 CFR 501). retroactive application of preferential mandatory availability (‘‘make tariff treatment under the Dominican available’’) provision and the operation Timetable: Republic-Central American-United of the new ‘‘Program Trigger’’ provision Action Date FR Cite States Free Trade Agreement. in section 103(e) of the Extension Act. Timetable: Interim Final Rule 01/11/06 71 FR 1971 Timetable: Interim Final Rule 03/13/06 Action Date FR Cite Action Date FR Cite Comment Period End Interim Final Rule 04/00/06 Interim Final Rule 04/00/06 Final Rule 01/00/07 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Required: No Regulatory Flexibility Analysis Required: No Government Levels Affected: None Small Entities Affected: No Government Levels Affected: Government Levels Affected: None Agency Contact: Robert Abels, None Operations Officer, Department of the Agency Contact: David J. Brummond, Agency Contact: Assistant Director Of Treasury, Office of Field Operations, Legal Counsel, Department of the Records, Department of the Treasury, 1300 Pennsylvania Avenue NW., Treasury, Terrorism Risk Insurance Office of Foreign Assets Control, 1500 Washington, DC 20229 Program, Room 2112, 1425 New York Pennsylvania Avenue NW—Annex, Phone: 202 344–1959 Avenue NW., Washington, DC 20220 Washington, DC 20220 Phone: 202 622–7255 Phone: 202 622–2530 Cynthia Reese, Senior Attorney, Email: [email protected] Fax: 202 522–1657 Department of the Treasury, Office of Regulations and Rulings, 1300 Howard Leikin, Deputy Director, Related RIN: Related to 1505–AA95 Pennsylvania Avenue NW., Department of the Treasury, Office of Washington, DC 20229 Financial Institutions, Terrorism Risk RIN: 1505–AB69

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

2292. POSSIBLE REGULATION OF Action Date FR Cite Regulatory Flexibility Analysis ACCESS TO ACCOUNTS AT Required: No FINANCIAL INSTITUTIONS THROUGH NPRM Comment 05/01/01 66 FR 12440 Government Levels Affected: None PAYMENT SERVICE PROVIDERS Period Extended Next Action Undetermined Agency Contact: Deborah Thompson Priority: Substantive, Nonsignificant. Regulatory Flexibility Analysis Phone: 317 614–4511 Major status under 5 USC 801 is Required: No undetermined. RIN: 1505–AB12 Government Levels Affected: None CFR Citation: 31 CFR Ch II Agency Contact: Martha Ellett 2297. RECONCILIATION Timetable: Phone: 202 622–2983 Action Date FR Cite Fax: 202 622–1974 Priority: Substantive, Nonsignificant Email: [email protected] ANPRM 01/08/99 64 FR 1149 CFR Citation: 19 CFR 142; 19 CFR 159 ANPRM Comment 04/08/99 RIN: 1505–AA84 Timetable: Period End Action Date FR Cite Next Action Undetermined 2295. HARBOR MAINTENANCE FEE NPRM To Be Determined Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Required: Undetermined Regulatory Flexibility Analysis CFR Citation: 19 CFR 4; 19 CFR 24; Required: No Government Levels Affected: None 19 CFR 146; 19 CFR 178 Government Levels Affected: Agency Contact: Donna Felmlee Timetable: None Phone: 202 622–1808 Action Date FR Cite Agency Contact: John Leonard Phone: 202 344–2687 RIN: 1505–AA74 Interim Final Rule 03/01/87 Effective RIN: 1505–AB16 2293. FINANCIAL SUBSIDIARIES Interim Final Rule 03/30/87 52 FR 10198 Interim Final Rule 05/29/87 2298. NORTH AMERICAN FREE Priority: Substantive, Nonsignificant Comment Period End TRADE AGREEMENT (NAFTA)— CFR Citation: Not Yet Determined Final Action To Be Determined IMPLEMENTATION OF Timetable: Next Action Undetermined DUTY–DEFERRAL PROGRAM Regulatory Flexibility Analysis PROVISIONS Regulatory Flexibility Analysis Required: No Priority: Substantive, Nonsignificant Required: No Government Levels Affected: None CFR Citation: 19 CFR 181; 19 CFR 113; Government Levels Affected: None Agency Contact: Deborah Thompson 19 CFR 141; 19 CFR 144; 19 CFR 10 Agency Contact: Martha Ellett Phone: 317 614–4511 Phone: 202 622–2983 RIN: 1505–AB11 Timetable: Fax: 202 622–1974 Action Date FR Cite Email: [email protected] 2296. DONATED CARGO EXEMPTION Interim Final Rule 01/01/96 RIN: 1505–AA81 FROM HARBOR MAINTENANCE FEE Effective Interim Final Rule 01/30/96 61 FR 2908 Priority: Substantive, Nonsignificant Interim Final Rule 04/01/96 2294. SECRETARY’S DETERMINATION CFR Citation: 19 CFR 24 Comment Period OF REAL ESTATE BROKERAGE Timetable: End Priority: Substantive, Nonsignificant Final Action To Be Determined Action Date FR Cite CFR Citation: 12 CFR 1501.2 Regulatory Flexibility Analysis Interim Final Rule 01/08/92 57 FR 607 Required: No Timetable: Interim Final Rule 01/08/92 Effective Government Levels Affected: None Action Date FR Cite Interim Final Rule 03/09/92 Agency Contact: Shawn Filion NPRM 01/03/01 66 FR 307 Comment Period Phone: 716 551–3053 NPRM Comment 03/02/01 End Period End Final Action To Be Determined RIN: 1505–AB17

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

2299. FINANCIAL ACTIVITIES OF Completed: Interim Final Rule 05/15/00 FINANCIAL SUBSIDIARIES Comment Period Reason Date FR Cite End Priority: Substantive, Nonsignificant Interim Final Rule 03/20/00 65 FR 14819 Regulatory Flexibility Analysis Interim Final Rule 03/14/00 CFR Citation: 12 CFR 1501.1 Effective Required: No

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TREAS—DO Completed Actions

Government Levels Affected: None Abstract: Amendment of the CBP CFR Citation: 19 CFR 12 Regulations to reflect the imposition of Agency Contact: Martha Ellett Legal Deadline: None Phone: 202 622–2983 import restrictions on certain archaeological material and certain Fax: 202 622–1974 Abstract: Amendment to indicate the ethnological material from Colombia Email: [email protected] extension of the import restrictions that The restrictions are imposed pursuant RIN: 1505–AA80 to an agreement entered into between were imposed by Treasury Decision 01- the United States and Colombia under 06 on certain archaeological material the authority of the Convention on originating in Italy and representing the 2300. SECRETARY’S DETERMINATION pre-Classical, Classical, and Imperial OF OTHER ACTIVITIES FINANCIAL IN Cultural Property Implementation Act. Roman periods of its cultural heritage, NATURE Timetable: ranging in date from approximately the Priority: Substantive, Nonsignificant Action Date FR Cite 9th century B.C. through approximately CFR Citation: 12 CFR 1501.2 Final Action 03/17/06 71 FR 13757 the 4th century A.D. The restrictions Completed: Regulatory Flexibility Analysis will remain in effect for an additional 5 years. Reason Date FR Cite Required: No Government Levels Affected: None Timetable: Interim Final Rule 01/02/01 66 FR 257 Interim Final Rule 01/02/01 Agency Contact: Michael Craig, Chief, Action Date FR Cite Effective Other Government Agency Branch, Interim Final Rule 02/02/01 Department of the Treasury, Trade Final Action 01/19/06 71 FR 3000 Comment Period Compliance and Facilitation, Office of Final Action Effective 01/19/06 End Field Operations, 1300 Pennsylvania Regulatory Flexibility Analysis Avenue NW., Washington, DC 20229 Regulatory Flexibility Analysis Required: No Required: No Phone: 202 344–1684 Government Levels Affected: None Government Levels Affected: None Joseph Howard, Attorney, Intellectual Agency Contact: Martha Ellett Property Rights Branch, Department of Agency Contact: Michael Craig, Chief, Phone: 202 622–2983 the Treasury, Office of Regulations and Other Government Agency Branch, Fax: 202 622–1974 Rulings, 1300 Pennsylvania Avenue Department of the Treasury, Trade Email: [email protected] NW., Washington, DC 20229 Compliance and Facilitation, Office of Phone: 202 572–8701 RIN: 1505–AA85 Field Operations, 1300 Pennsylvania RIN: 1505–AB59 Avenue NW., Washington, DC 20229 Phone: 202 344–1684 2301. ∑ IMPORT RESTRICTIONS IMPOSED ON CERTAIN 2302. ∑ EXTENSION OF IMPORT George F. McCray, Chief, IPR & ARCHAEOLOGICAL AND RESTRICTIONS IMPOSED ON Restricted Merchandise Branch, ETHNOLOGICAL MATERIALS FROM ARCHAEOLOGICAL MATERIAL COLOMBIA ORIGINATING IN ITALY AND Department of the Treasury, Office of REPRESENTING THE Regulations and Rulings, 1300 Priority: Substantive, Nonsignificant PRE–CLASSICAL, CLASSICAL, AND Pennsylvania Avenue NW., Legal Authority: 5 USC 301; 19 USC IMPERIAL ROMAN PERIODS Washington, DC 20229 66; 19 USC 1202; 19 USC 1624; 19 USC Priority: Substantive, Nonsignificant Phone: 202 572–8709 2612 Legal Authority: 5 USC 301; 19 USC RIN: 1505–AB63 CFR Citation: 19 CFR 12 66; 19 USC 1202; 19 USC 1624; 19 USC BILLING CODE 4810—02—S Legal Deadline: None 2612

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

2303. CUSTOMER IDENTIFICATION an account, to the extent reasonable Regulatory Flexibility Analysis PROGRAMS FOR PAWN BROKERS and practicable; maintain records of the Required: Undetermined information used to verify the person’s Priority: Substantive, Nonsignificant identity; and determine whether the Government Levels Affected: None Legal Authority: PL 107–56, sec 326 person appears on any lists of known Agency Contact: Cynthia L Clark Ms, or suspected terrorists or terrorist CFR Citation: Not Yet Determined Deputy Chief Counsel, Department of organizations provided to them by any Legal Deadline: None Government agency. the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Abstract: This regulation will require Timetable: Vienna, VA 22183 pawnbrokers to adopt and implement Phone: 703 905–3758 reasonable procedures to verify the Action Date FR Cite Fax: 703 905–3758 identity of any person seeking to open ANPRM 12/00/06

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TREAS—FINCEN Prerule Stage

Email: [email protected] services businesses. Both the banking Timetable: RIN: 1506–AA39 industry and the money service Action Date FR Cite business industry have expressed concerns with regard to the impact of ANPRM 12/00/06 ∑ 2304. PROVISION OF BANKING Bank Secrecy Act regulations on the SERVICES TO MONEY SERVICES Regulatory Flexibility Analysis ability of money service businesses to Required: No BUSINESSES open and maintain accounts and obtain Priority: Substantive, Nonsignificant. other financial services at banks and Small Entities Affected: No Major status under 5 USC 801 is other depository institutions. Due to the Government Levels Affected: None undetermined. concerns about the effect of regulatory Legal Authority: 31 USC P L 107–56 requirements on the provision of URL For Public Comments: Bank Secrecy Act banking services to money services [email protected] businesses, we, through the Non-Bank CFR Citation: 31 CFR 103 Agency Contact: Cynthia Clark, Deputy Financial Institutions and the Chief Counsel, Department of the Legal Deadline: None Examinations subcommittees of the Treasury, Financial Crimes Bank Secrecy Act Advisory Group, held Abstract: We are issuing this advance Enforcement Network, PO Box 39, a fact-finding meeting on March 8, notice of proposed rulemaking Vienna, VA 20120 (‘‘Advance Notice’’) as a part of our 2005, to hear directly from banks, other Phone: 703 905–3758 ongoing effort to address, in the context depository institutions, and money Email: [email protected] of the Bank Secrecy Act, the issue of services businesses concerning the access to banking services by money challenges that they face on this issue RIN: 1506–AA85

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

2305. CUSTOMER IDENTIFICATION Enforcement Network, P.O. Box 39, Agency Contact: Cynthia L Clark Ms, PROGRAMS FOR TRAVEL AGENTS Vienna, VA 22183 Deputy Chief Counsel, Department of Phone: 703 905–3758 the Treasury, Financial Crimes Priority: Substantive, Nonsignificant Fax: 703 905–3758 Enforcement Network, P.O. Box 39, Legal Authority: PL 107–56, sec 326 Email: [email protected] Vienna, VA 22183 CFR Citation: Not Yet Determined RIN: 1506–AA38 Phone: 703 905–3758 Fax: 703 905–3758 Legal Deadline: None Email: [email protected] 2306. CUSTOMER IDENTIFICATION Abstract: This regulation will require PROGRAMS FOR LOAN AND RIN: 1506–AA40 travel agents to adopt and implement FINANCE COMPANIES reasonable procedures to verify the identity of any person seeking to open Priority: Substantive, Nonsignificant 2307. CUSTOMER IDENTIFICATION PROGRAMS FOR SELLERS OF an account, to the extent reasonable Legal Authority: PL 107–56, sec 326 and practicable; maintain records of the VEHICLES CFR Citation: Not Yet Determined information used to verify the person’s Priority: Substantive, Nonsignificant identity; and determine whether the Legal Deadline: None Legal Authority: PL 107–56, sec 326 person appears on any lists of known Abstract: This regulation will require or suspected terrorists or terrorist loan and finance companies to adopt CFR Citation: Not Yet Determined organizations provided to them by any and implement reasonable procedures Legal Deadline: None Government agency. to verify the identity of any person Abstract: This regulation will require seeking to open an account, to the Timetable: sellers of vehicles to adopt and extent reasonable and practicable; implement reasonable procedures to Action Date FR Cite maintain records of the information verify the identity of any person ANPRM 02/24/03 68 FR 8571 used to verify the person’s identity; and seeking to open an account, to the ANPRM Comment 04/10/03 determine whether the person appears extent reasonable and practicable; Period End on any lists of known or suspected maintain records of the information NPRM 12/00/06 terrorists or terrorist organizations used to verify the person’s identity; and provided to them by any Government Regulatory Flexibility Analysis determine whether the person appears agency. Required: Undetermined on any lists of known or suspected Timetable: Government Levels Affected: None terrorists or terrorist organizations Action Date FR Cite provided to them by any Government URL For Public Comments: agency. [email protected] NPRM 12/00/06 Timetable: Agency Contact: Cynthia L Clark Ms, Regulatory Flexibility Analysis Deputy Chief Counsel, Department of Required: Undetermined Action Date FR Cite the Treasury, Financial Crimes Government Levels Affected: None ANPRM 02/24/03 68 FR 8568

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TREAS—FINCEN Proposed Rule Stage

Action Date FR Cite the Treasury, Financial Crimes Fax: 703 905–3758 Enforcement Network, P.O. Box 39, Email: [email protected] ANPRM Comment 04/10/03 Vienna, VA 22183 Period End Related RIN: Split from 1506–AA28 Phone: 703 905–3758 NPRM 12/00/06 Fax: 703 905–3758 RIN: 1506–AA80 Regulatory Flexibility Analysis Email: [email protected] Required: Undetermined Related RIN: Split from 1506–AA28 2310. ∑ AMENDMENTS TO BANK Government Levels Affected: None RIN: 1506–AA73 SECRECY ACT REGULATIONS— URL For Public Comments: CASINO RECORDKEEPING AND [email protected] REPORTING REQUIREMENTS 2309. AMENDMENTS TO THE BANK Agency Contact: Cynthia L Clark Ms, SECRECY ACT REGULATIONS— Priority: Substantive, Nonsignificant. Deputy Chief Counsel, Department of ANTI–MONEY LAUNDERING Major status under 5 USC 801 is the Treasury, Financial Crimes PROGRAMS FOR BUSINESSES undetermined. Enforcement Network, P.O. Box 39, ENGAGED IN VEHICLE SALES, Legal Authority: 31 USC P L107–56 Vienna, VA 22183 INCLUDING AUTOMOBILES, Phone: 703 905–3758 Bank Secrecy Act AIRPLANE, AND BOAT SALES Fax: 703 905–3758 CFR Citation: 31 CFR part 103 Email: [email protected] Priority: Substantive, Nonsignificant Legal Deadline: None RIN: 1506–AA41 Legal Authority: 31 USC 5316(h) Abstract: FinCEN is proposing to CFR Citation: 31 CFR 103.65; 31 CFR exclude, as reportable transactions in 2308. AMENDMENTS TO THE BANK 103.66; 31 CFR 103.67 currency, jackpots from slot machines SECRECY ACT REGULATIONS— Legal Deadline: Final, Statutory, April and video lottery terminals. We are also ANTI–MONEY LAUNDERING 24, 2002, PL 107–56, sec 352. proposed to exclude certain PROGRAMS FOR LOAN AND transactions between (i) casinos and Abstract: FINANCE COMPANIES FinCEN will issue a series of currency dealers or exchangers and (ii) regulations regarding anti-money Priority: Substantive, Nonsignificant casinos and check casher’s as laundering program requirements for reportable transactions in currency. Legal Authority: 31 USC 5316(h) businesses engaged in vehicle sales, Timetable: CFR Citation: 31 CFR 103.65; 31 CFR including automobile, airplane, and 103.66; 31 CFR 103.67 boat sales, as defined in the Bank Action Date FR Cite Secrecy Act. Legal Deadline: Final, Statutory, April NPRM 12/00/06 Timetable: 24, 2002, PL 107–56, sec 352. Regulatory Flexibility Analysis Abstract: FinCEN will issue a series of Action Date FR Cite Required: No regulations regarding anti-money ANPRM 02/24/03 68 FR 8568 Small Entities Affected: No laundering program requirements for ANPRM Comment 04/10/03 loan and finance companies, as defined Period End Government Levels Affected: None in the Bank Secrecy Act. NPRM 12/00/06 URL For Public Comments: Timetable: Regulatory Flexibility Analysis [email protected] Action Date FR Cite Required: No Agency Contact: Cynthia Clark, Deputy NPRM 12/00/06 Government Levels Affected: None Chief Counsel, Department of the Regulatory Flexibility Analysis Agency Contact: Cynthia L Clark Ms, Treasury, Financial Crimes Enforcement Network, PO Box 39, Required: No Deputy Chief Counsel, Department of Vienna, VA 20120 Government Levels Affected: None the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Phone: 703 905–3758 Agency Contact: Cynthia L Clark Ms, Vienna, VA 22183 Email: [email protected] Deputy Chief Counsel, Department of Phone: 703 905–3758 RIN: 1506–AA84

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

2311. AMENDMENT TO THE BANK laundering policies of the Department Agency Contact: Cynthia L Clark Ms, SECRECY ACT REGULATIONS of the Treasury. Deputy Chief Counsel, Department of REGARDING REPORTING OF Timetable: the Treasury, Financial Crimes CROSS–BORDER TRANSPORTATION Enforcement Network, P.O. Box 39, OF CERTAIN MONETARY Action Date FR Cite Vienna, VA 22183 INSTRUMENTS Interim Final Rule 07/28/00 65 FR 46356 Phone: 703 905–3758 Priority: Substantive, Nonsignificant Interim Final Rule 07/31/00 Fax: 703 905–3758 Effective Email: [email protected] Legal Authority: 31 USC 5312(a)(3), Interim Final Rule 09/26/00 RIN: 1506–AA25 Bank Secrecy Act Comment Period CFR Citation: 31 CFR 103 End Final Action 12/00/06 2314. CUSTOMER IDENTIFICATION Legal Deadline: None Regulatory Flexibility Analysis PROGRAMS FOR BANKS, SAVINGS Abstract: This rule will require Required: No ASSOCIATIONS, AND CREDIT UNIONS reporting of cross-border transportation Priority: Substantive, Nonsignificant of certain negotiable instruments. Small Entities Affected: No Legal Authority: 31 USC 5318(l) Timetable: Government Levels Affected: None URL For Public Comments: CFR Citation: 31 CFR 103.121 Action Date FR Cite [email protected] Legal Deadline: Final, Statutory, NPRM 01/22/97 62 FR 3249 Agency Contact: Cynthia L Clark Ms, October 25, 2002, Public Law 107–56, NPRM Comment 04/22/97 sec 352. Period End Deputy Chief Counsel, Department of Final Action 12/00/06 the Treasury, Financial Crimes Abstract: This notice of proposed Enforcement Network, P.O. Box 39, rulemaking proposes to require banks, Regulatory Flexibility Analysis Vienna, VA 22183 savings associations, and credit unions Required: No Phone: 703 905–3758 to establish written customer Government Levels Affected: None Fax: 703 905–3758 identification programs. Email: [email protected] Agency Contact: Cynthia L Clark Ms, Timetable: RIN: 1506–AA23 Deputy Chief Counsel, Department of Action Date FR Cite the Treasury, Financial Crimes NPRM 07/23/02 67 FR 48290 Enforcement Network, P.O. Box 39, 2313. AMENDMENT TO THE BANK NPRM Comment 09/06/02 Vienna, VA 22183 SECRECY ACT REGULATIONS— Phone: 703 905–3758 Period End REQUIREMENT THAT NONFINANCIAL NPRM 05/09/03 68 FR 25163 Fax: 703 905–3758 TRADES OR BUSINESSES REPORT Email: [email protected] Final Rule 05/09/03 68 FR 25090 CERTAIN CURRENCY NPRM Comment 06/23/03 RIN: 1506–AA15 TRANSACTIONS Period End Priority: Substantive, Nonsignificant Final Action 12/00/06 2312. AMENDMENT TO THE BANK Legal Authority: 12 USC 1829b; 12 Regulatory Flexibility Analysis SECRECY ACT REGULATIONS— USC 1951 to 1959; 31 USC 5311 et seq; Required: No EXEMPTIONS FROM THE PL 107–56 Government Levels Affected: None REQUIREMENT TO REPORT CFR Citation: 31 CFR 103.30 TRANSACTIONS IN CURRENCY Agency Contact: Cynthia L Clark Ms, Legal Deadline: Final, Statutory, April Deputy Chief Counsel, Department of Priority: Substantive, Nonsignificant 26, 2002, Interim final rule published the Treasury, Financial Crimes Legal Authority: 12 USC 1829b; 12 December 31, 2001. Enforcement Network, P.O. Box 39, USC 1951 to 1959; 31 USC 5311 to Abstract: This document contains an Vienna, VA 22183 5330 interim final rule amending the Bank Phone: 703 905–3758 CFR Citation: 31 CFR 103 Secrecy Act regulations to require Fax: 703 905–3758 Email: [email protected] Legal Deadline: None certain persons to report currency received in the course of their trade or RIN: 1506–AA31 Abstract: This document contains an business. interim final rule that further reforms Timetable: and simplifies the process by which 2315. AMENDMENT TO THE BANK depository institutions may exempt Action Date FR Cite SECRECY ACT REGULATIONS— REQUIREMENT THAT MUTUAL transactions of retail and other NPRM 12/31/01 66 FR 67685 businesses from the requirement to FUNDS REPORT SUSPICIOUS Interim Final Rule 12/31/01 66 FR 67680 TRANSACTIONS report transactions in currency in NPRM Comment 03/01/02 excess of $10,000. The interim final Period End Priority: Substantive, Nonsignificant rule is part of a continuing program to Final Action 12/00/06 reduce unnecessary burdens upon Legal Authority: 12 USC 1829b; 12 financial institutions complying with Regulatory Flexibility Analysis USC 1951 to 1959; 31 USC 5311 to the Bank Secrecy Act and increase the Required: No 5331; PL 107–56 cost-effectiveness of the counter-money Government Levels Affected: None CFR Citation: 31 CFR 103.15

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TREAS—FINCEN Final Rule Stage

Legal Deadline: None Regulatory Flexibility Analysis maintaining correspondent or payable- Required: Abstract: This document contains an No through accounts in the United States amendment to the regulations Government Levels Affected: None for, or on behalf of, a foreign bank implementing the statute generally determined to be of primary money Agency Contact: Cynthia L Clark Ms, laundering concern. known as the Bank Secrecy Act. The Deputy Chief Counsel, Department of amendment would require mutual the Treasury, Financial Crimes Timetable: funds to report suspicious transactions Enforcement Network, P.O. Box 39, Action Date FR Cite to the Department of the Treasury. The Vienna, VA 22183 NPRM 05/18/04 69 FR 28098 amendment constitutes a further step in Phone: 703 905–3758 the creation of a comprehensive system NPRM Comment 06/17/04 Fax: 703 905–3758 Period End for the reporting of suspicious Email: [email protected] transactions by the major categories of Final Action 12/00/06 RIN: 1506–AA43 financial institutions operating in the Regulatory Flexibility Analysis United States, as part of the counter- Required: No money laundering program of the 2317. FINANCIAL CRIMES Small Entities Affected: No Department of the Treasury. ENFORCEMENT; AMENDMENTS TO Government Levels Affected: None Timetable: THE BANK SECRECY ACT REGULATIONS—NOMENCLATURE Agency Contact: Cynthia L Clark Ms, Action Date FR Cite CHANGES Deputy Chief Counsel, Department of the Treasury, Financial Crimes NPRM 01/21/03 68 FR 2716 Priority: Info./Admin./Other. Major Enforcement Network, P.O. Box 39, NPRM Comment 03/24/03 status under 5 USC 801 is Vienna, VA 22183 Period End undetermined. Final Action 12/00/06 Phone: 703 905–3758 Legal Authority: 31 USC 5318 et seq Fax: 703 905–3758 Regulatory Flexibility Analysis CFR Citation: 31 CFR 103 Email: [email protected] Required: No Legal Deadline: None RIN: 1506–AA64 Government Levels Affected: None Abstract: This document amends 31 Agency Contact: Cynthia L Clark Ms, CFR part 103 to reflect changes to the 2319. IMPOSITION OF SPECIAL Deputy Chief Counsel, Department of structure of the Department of the MEASURE AGAINST FIRST the Treasury, Financial Crimes Treasury. MERCHANT BANK OSH LTD, INCL. Enforcement Network, P.O. Box 39, Timetable: ITS SUBSIDIARIES, FMB FINANCE Vienna, VA 22183 LTD, FIRST MERCHANT Phone: 703 905–3758 Action Date FR Cite INTERNATIONAL INC, FIRST Fax: 703 905–3758 Final Action 12/00/06 MERCHANT FINANCE LTD, AND Email: [email protected] Regulatory Flexibility Analysis FIRST MERCHANT TRUST LTD RIN: 1506–AA37 Required: No Priority: Substantive, Nonsignificant. Small Entities Affected: No Major status under 5 USC 801 is 2316. IMPOSITION OF SPECIAL undetermined. Government Levels Affected: None MEASURES AGAINST THE COUNTRY Legal Authority: 31 USC 5318A Agency Contact: Cynthia L Clark Ms, OF NAURU CFR Citation: Deputy Chief Counsel, Department of 31 CFR 103.189 Priority: Substantive, Nonsignificant the Treasury, Financial Crimes Legal Deadline: None Legal Authority: PL 107–56, sec 311; Enforcement Network, P.O. Box 39, Abstract: This document will prohibit 31 USC 5318A Vienna, VA 22183 certain U.S. financial institutions from Phone: 703 905–3758 CFR Citation: 31 CFR 103.184 maintaining correspondent or payable- Fax: 703 905–3758 through accounts in the United States Legal Deadline: None Email: [email protected] for, or on behalf of, a foreign bank Abstract: This rule will impose RIN: 1506–AA61 determined to be of primary money ‘‘special measures’’ against Nauru. laundering concern. Nauru was previously designated as a 2318. IMPOSITION OF SPECIAL Timetable: country of primary money laundering MEASURES AGAINST THE Action Date FR Cite concern pursuant to section 311 of the COMMERCIAL BANK OF SYRIA AS A NPRM 08/24/04 69 FR 51979 USA PATRIOT Act on December 20, FINANCIAL INSTITUTION OF PRIMARY NPRM Comment 09/23/04 2002, a prerequisite for the imposition MONEY LAUNDERING CONCERN of special measures. Period End Priority: Substantive, Nonsignificant Final Action 12/00/06 Timetable: Legal Authority: 31 USC 5318A Regulatory Flexibility Analysis Action Date FR Cite CFR Citation: 31 CFR 103.188 Required: No NPRM 04/17/03 68 FR 18914 Legal Deadline: Small Entities Affected: No NPRM Comment 05/19/03 None Period End Abstract: This document will prohibit Government Levels Affected: None Final Action 12/00/06 certain U.S. financial institutions from URL For More Information:

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TREAS—FINCEN Final Rule Stage

www.fincen.gov CFR Citation: 31 CFR 103.65; 31 CFR Phone: 703 905–3758 URL For Public Comments: 103.66; 31 CFR 103.67 Fax: 703 905–3758 [email protected] Legal Deadline: Final, Statutory, April Email: [email protected] 24, 2002, PL 107–56, sec 352. Related RIN: Agency Contact: Cynthia L Clark Ms, Split from 1506–AA28 Deputy Chief Counsel, Department of Abstract: FinCEN will issue a series of RIN: 1506–AA69 the Treasury, Financial Crimes regulations regarding anti-money laundering program requirements for Enforcement Network, P.O. Box 39, 2323. AMENDMENTS TO THE BANK Vienna, VA 22183 mutual funds, as defined in the Bank Secrecy Act. SECRECY ACT REGULATIONS— Phone: 703 905–3758 ANTI–MONEY LAUNDERING Fax: 703 905–3758 Timetable: PROGRAMS FOR INVESTMENT Email: [email protected] Action Date FR Cite ADVISORS RIN: 1506–AA65 Interim Final Rule 04/29/02 67 FR 21117 Priority: Substantive, Nonsignificant Interim Final Rule 05/29/02 Legal Authority: 31 USC 5316(h) 2320. IMPOSITION OF SPECIAL Comment Period MEASURE AGAINST INFOBANK AS A End CFR Citation: 31 CFR 103.65; 31 CFR FINANCIAL INSTITUTION OF PRIMARY Final Action 12/00/06 103.66; 31 CFR 103.67 MONEY LAUNDERING CONCERN Regulatory Flexibility Analysis Legal Deadline: Final, Statutory, April 24, 2002, PL 107–56, sec 352. Priority: Substantive, Nonsignificant Required: No Abstract: FinCEN will issue a series of Legal Authority: 31 USC 5318A Government Levels Affected: None Agency Contact: Office of the Chief regulations regarding anti-money CFR Citation: 31 CFR 103.190 Counsel, Department of the Treasury, laundering program requirements for Legal Deadline: None Financial Crimes Enforcement Network, investment advisors, as defined in the Bank Secrecy Act. Abstract: This document will prohibit P.O. Box 39, Vienna, VA 22183 certain U.S. financial institutions from Phone: 703 905–3590 Timetable: maintaining correspondent or payable- Fax: 703 905–3735 Action Date FR Cite through accounts in the United States Related RIN: Split from 1506–AA28 NPRM 05/05/03 68 FR 23646 for, or on behalf of, a foreign financial RIN: 1506–AA68 NPRM Comment 07/07/03 institution determined to be of primary Period End money laundering concern. Final Action 12/00/06 2322. AMENDMENTS TO THE BANK Timetable: SECRECY ACT REGULATIONS— Regulatory Flexibility Analysis Action Date FR Cite ANTI–MONEY LAUNDERING Required: No NPRM 08/24/04 69 FR 51973 PROGRAMS FOR TRAVEL AGENCIES Government Levels Affected: None NPRM Comment 09/23/04 Priority: Substantive, Nonsignificant Agency Contact: Cynthia L Clark Ms, Period End Legal Authority: 31 USC 5316(h) Deputy Chief Counsel, Department of Final Action 12/00/06 CFR Citation: 31 CFR 103.65; 31 CFR the Treasury, Financial Crimes Regulatory Flexibility Analysis 103.66; 31 CFR 103.67 Enforcement Network, P.O. Box 39, Required: No Vienna, VA 22183 Legal Deadline: Final, Statutory, April Phone: 703 905–3758 Small Entities Affected: No 24, 2002, PL 107–56, sec 352. Fax: 703 905–3758 Government Levels Affected: None Abstract: FinCEN will issue a series of Email: [email protected] Agency Contact: Cynthia L Clark Ms, regulations regarding anti-money Related RIN: Split from 1506–AA28 laundering program requirements for Deputy Chief Counsel, Department of RIN: 1506–AA71 the Treasury, Financial Crimes travel agencies, as defined in the Bank Enforcement Network, P.O. Box 39, Secrecy Act. Vienna, VA 22183 Timetable: 2324. AMENDMENTS TO THE BANK Phone: 703 905–3758 SECRECY ACT REGULATIONS— Action Date FR Cite Fax: 703 905–3758 ANTI–MONEY LAUNDERING Email: [email protected] NPRM 02/24/03 68 FR 8571 PROGRAMS FOR FINANCIAL NPRM Comment 04/10/03 INSTITUTIONS RIN: 1506–AA67 Period End Priority: Final Action 12/00/06 Substantive, Nonsignificant 2321. AMENDMENTS TO THE BANK Regulatory Flexibility Analysis Legal Authority: 31 USC 5316(h) SECRECY ACT REGULATIONS— Required: No CFR Citation: 31 CFR 103.65; 31 CFR ANTI–MONEY LAUNDERING Government Levels Affected: None 103.66; 31 CFR 103.67 PROGRAMS FOR MUTUAL FUNDS Agency Contact: Cynthia L Clark Ms, Legal Deadline: Final, Statutory, April Priority: Substantive, Nonsignificant. Deputy Chief Counsel, Department of 24, 2002, PL 107–56, sec 352. Major status under 5 USC 801 is the Treasury, Financial Crimes Abstract: FinCEN will issue a series of undetermined. Enforcement Network, P.O. Box 39, regulations regarding anti-money Legal Authority: 31 USC 5316(h) Vienna, VA 22183 laundering program requirements for

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TREAS—FINCEN Final Rule Stage

financial institutions, as defined in the Email: [email protected] Timetable: Bank Secrecy Act. Related RIN: Split from 1506–AA28 Action Date FR Cite Timetable: RIN: 1506–AA74 Interim Final Rule 04/29/02 67 FR 21121 Action Date FR Cite Final Action 12/00/06 Interim Final Rule 04/29/02 67 FR 21110 2326. AMENDMENTS TO THE BANK Regulatory Flexibility Analysis Amendment to Interim 11/06/02 67 FR 67547 SECRECY ACT REGULATIONS— Required: No Final Rule ANTI–MONEY LAUNDERING Interim Final Rule 11/14/02 67 FR 68935 PROGRAMS FOR COMMODITY Government Levels Affected: None Correction TRADING ADVISORS Agency Contact: Cynthia L Clark Ms, Final Action 12/00/06 Priority: Substantive, Nonsignificant Deputy Chief Counsel, Department of Regulatory Flexibility Analysis the Treasury, Financial Crimes Required: No Legal Authority: 31 USC 5316(h) Enforcement Network, P.O. Box 39, Government Levels Affected: None CFR Citation: 31 CFR 103.65; 31 CFR Vienna, VA 22183 103.66; 31 CFR 103.67 Phone: 703 905–3758 Agency Contact: Cynthia L Clark Ms, Legal Deadline: Final, Statutory, April Fax: 703 905–3758 Deputy Chief Counsel, Department of Email: [email protected] the Treasury, Financial Crimes 24, 2002, PL 107–56, sec 352. Enforcement Network, P.O. Box 39, Abstract: FinCEN will issue a series of Related RIN: Split from 1506–AA28 Vienna, VA 22183 regulations regarding anti-money RIN: 1506–AA76 Phone: 703 905–3758 laundering program requirements for Fax: 703 905–3758 commodity trading advisors, as defined Email: [email protected] in the Bank Secrecy Act. 2328. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS— Related RIN: Split from 1506–AA28 Timetable: ANTI–MONEY LAUNDERING RIN: 1506–AA72 Action Date FR Cite PROGRAMS FOR UNREGISTERED NPRM 05/05/03 68 FR 23640 INVESTMENT COMPANIES 2325. AMENDMENTS TO THE BANK NPRM Comment 07/07/03 Priority: Substantive, Nonsignificant SECRECY ACT REGULATIONS— Period End ANTI–MONEY LAUNDERING Final Action 12/00/06 Legal Authority: 31 USC 5316(h) PROGRAMS FOR MONEY SERVICES Regulatory Flexibility Analysis CFR Citation: 31 CFR 103.65; 31 CFR BUSINESSES Required: No 103.66; 31 CFR 103.67 Priority: Substantive, Nonsignificant Government Levels Affected: None Legal Deadline: Final, Statutory, April Legal Authority: 31 USC 5316(h) Agency Contact: Cynthia L Clark Ms, 24, 2002, PL 107–56, sec 352. CFR Citation: 31 CFR 103.65; 31 CFR Deputy Chief Counsel, Department of Abstract: FinCEN will issue a series of 103.66; 31 CFR 103.67 the Treasury, Financial Crimes regulations regarding anti-money Enforcement Network, P.O. Box 39, laundering program requirements for Legal Deadline: Final, Statutory, April Vienna, VA 22183 24, 2002, PL 107–56, sec 352. unregistered investment companies, as Phone: 703 905–3758 defined in the Bank Secrecy Act. Abstract: FinCEN will issue a series of Fax: 703 905–3758 regulations regarding anti-money Email: [email protected] Timetable: laundering program requirements for Related RIN: Split from 1506–AA28 Action Date FR Cite money services businesses, as defined in the Bank Secrecy Act. RIN: 1506–AA75 NPRM 09/26/02 67 FR 60617 NPRM Comment 11/25/02 Timetable: Period End 2327. AMENDMENTS TO THE BANK Action Date FR Cite Final Action 12/00/06 SECRECY ACT REGULATIONS— Interim Final Rule 04/29/02 67 FR 21114 ANTI–MONEY LAUNDERING Regulatory Flexibility Analysis Interim Final Rule 05/29/02 PROGRAMS FOR OPERATORS OF A Required: No Comment Period CREDIT CARD SYSTEM End Government Levels Affected: None Final Action 12/00/06 Priority: Substantive, Nonsignificant Agency Contact: Cynthia L Clark Ms, Regulatory Flexibility Analysis Legal Authority: 31 USC 5316(h) Deputy Chief Counsel, Department of Required: No CFR Citation: 31 CFR 103.65; 31 CFR the Treasury, Financial Crimes 103.66; 31 CFR 103.67 Enforcement Network, P.O. Box 39, Government Levels Affected: None Vienna, VA 22183 Agency Contact: Cynthia L Clark Ms, Legal Deadline: Final, Statutory, April Phone: 703 905–3758 Deputy Chief Counsel, Department of 24, 2002, PL 107–56, sec 352. Fax: 703 905–3758 the Treasury, Financial Crimes Abstract: FinCEN will issue a series of Email: [email protected] Enforcement Network, P.O. Box 39, regulations regarding anti-money Related RIN: Split from 1506–AA28, Vienna, VA 22183 laundering program requirements for Previously reported as 1506–AA57 Phone: 703 905–3758 operators of a credit card system, as Fax: 703 905–3758 defined in the Bank Secrecy Act. RIN: 1506–AA77

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TREAS—FINCEN Final Rule Stage

2329. AMENDMENTS TO THE BANK 2330. AMENDMENTS TO THE BANK 2331. ∑ AMENDMENT TO THE BANK SECRECY ACT REGULATIONS— SECRECY ACT REGULATIONS— SECRECY ACT ANTI–MONEY LAUNDERING ANTI–MONEY LAUNDERING REGULATIONS–IMPOSITION OF PROGRAMS FOR DEALERS IN PROGRAMS FOR PERSONS SPECIAL MEASURE AGAINST BANCO PRECIOUS METALS, STONES, OR INVOLVED IN REAL ESTATE DELTA ASIA SARL JEWELS CLOSINGS AND SETTLEMENTS Priority: Substantive, Nonsignificant. Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Major status under 5 USC 801 is undetermined. Legal Authority: 31 USC 5316(h) Legal Authority: 31 USC 5316(h) Legal Authority: 31 U.S.C 5318A CFR Citation: 31 CFR 103.65; 31 CFR CFR Citation: 31 CFR 103.65; 31 CFR CFR Citation: 103.66; 31 CFR 103.67 31 CFR 103 103.66; 31 CFR 103.67 Legal Deadline: None Legal Deadline: Final, Statutory, April 24, 2002, PL 107–56, sec 352. Legal Deadline: Final, Statutory, April Abstract: This document will prohibit 24, 2002, PL 107–56, sec 352. certain U.S. financial institutions from Abstract: FinCEN will issue a series of maintaining correspondent or payable- Abstract: FinCEN will issue a series of regulations regarding anti-money through accounts in the United States regulations regarding anti-money laundering program requirements for for, or on behalf of, a foreign bank laundering program requirements for dealers in precious metals, stones, or determined to be of primary money persons involved in real estate closings jewels, as defined in the Bank Secrecy laundering concern. Act. and settlements, as defined in the Bank Secrecy Act. Timetable: Timetable: Action Date FR Cite Action Date FR Cite Timetable: NPRM 09/20/05 70 FR 55217 Action Date FR Cite NPRM 02/21/03 68 FR 8480 Notice 09/20/05 70 FR 55214 Interim Final Rule 05/07/05 70 FR 33702 NPRM 04/10/03 68 FR 17569 NPRM Comment 10/25/05 Comment Period NPRM Comment 06/09/03 Period End End Period End Final Action 12/00/06 Interim Final Rule 06/09/05 70 FR 33702 Final Action 12/00/06 Final Action 06/00/06 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Regulatory Flexibility Analysis Required: No Small Entities Affected: No Required: No Government Levels Affected: None Government Levels Affected: None Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, URL For Public Comments: Agency Contact: Cynthia L Clark Ms, [email protected] Deputy Chief Counsel, Department of Deputy Chief Counsel, Department of the Treasury, Financial Crimes the Treasury, Financial Crimes Agency Contact: Cynthia L Clark Ms, Enforcement Network, P.O. Box 39, Enforcement Network, P.O. Box 39, Deputy Chief Counsel, Department of Vienna, VA 22183 Vienna, VA 22183 the Treasury, Financial Crimes Phone: 703 905–3758 Phone: 703 905–3758 Enforcement Network, P.O. Box 39, Fax: 703 905–3758 Fax: 703 905–3758 Vienna, VA 22183 Email: [email protected] Email: [email protected] Phone: 703 905–3758 Fax: 703 905–3758 Related RIN: Split from 1506–AA28 Related RIN: Split from 1506–AA28 Email: [email protected] RIN: 1506–AA78 RIN: 1506–AA79 RIN: 1506–AA83

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

2332. AMENDMENTS TO THE BANK Timetable: Government Levels Affected: None SECRECY ACT REGULATIONS— Action Date FR Cite SPECIAL REPORTING AND Agency Contact: Cynthia L Clark RECORDKEEPING REQUIREMENTS— NPRM 05/21/97 62 FR 27909 Phone: 703 905–3758 MONEY SERVICES BUSINESSES NPRM Comment 09/30/97 Fax: 703 905–3758 (MSBS) Period End Email: [email protected] 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)

2333. AMENDMENT TO THE BANK Completed: Government Levels Affected: None SECRECY ACT REGULATIONS— Reason Date FR Cite Agency Contact: Cynthia L Clark DELEGATION OF AUTHORITY TO Phone: 703 905–3758 ASSESS CIVIL MONEY PENALTIES NPRM 01/04/06 71 FR 516 Fax: 703 905–3758 ON DEPOSITORY INSTITUTIONS Final Rule 01/04/06 Email: [email protected] Regulatory Flexibility Analysis Priority: Info./Admin./Other Required: No RIN: 1506–AA36 CFR Citation: 31 CFR 103 Small Entities Affected: No 2336. AMENDMENTS TO THE BANK Government Levels Affected: Completed: None SECRECY ACT REGULATIONS— Reason Date FR Cite Agency Contact: Cynthia L Clark ANTI–MONEY LAUNDERING Phone: 703 905–3758 PROGRAMS FOR INSURANCE Withdrawn 02/21/06 Fax: 703 905–3758 COMPANIES Email: [email protected] Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Required: No RIN: 1506–AA29 CFR Citation: 31 CFR 103.65; 31 CFR Government Levels Affected: Federal 103.66; 31 CFR 103.67 2335. FINANCIAL CRIMES Completed: Agency Contact: Cynthia L Clark ENFORCEMENT NETWORK; Phone: 703 905–3758 AMENDMENT TO THE BANK Reason Date FR Cite Fax: 703 905–3758 SECRECY ACT REGULATIONS Final Rule 11/03/05 70 FR 66754 Email: [email protected] REQUIREMENT THAT INSURANCE Regulatory Flexibility Analysis RIN: 1506–AA08 COMPANIES REPORT SUSPICIOUS TRANSACTIONS Required: No Priority: Substantive, Nonsignificant Government Levels Affected: None 2334. DUE DILIGENCE Agency Contact: REQUIREMENTS FOR CFR Citation: 31 CFR 103.16 Cynthia L Clark Phone: 703 905–3758 CORRESPONDENT ACCOUNTS AND Completed: PRIVATE BANKING ACCOUNTS Fax: 703 905–3758 Reason Date FR Cite Email: [email protected] Priority: Substantive, Nonsignificant Final Rule 11/03/05 70 FR 66761 Related RIN: Split from 1506–AA28 CFR Citation: 31 CFR 103.175 to Regulatory Flexibility Analysis RIN: 1506–AA70 103.178 Required: No BILLING CODE 4810—35—S

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

2337. CLAIMS ON ACCOUNT OF has been cancelled pursuant to 31 CFR Treasury Check Information System TREASURY CHECKS part 240. This regulation is being (TCIS). Priority: Substantive, Nonsignificant revised to update the regulation’s Timetable: definitions to make them consistent Legal Authority: 31 USC 321; 31 USC with the language of the revisions to Action Date FR Cite 3328; 31 USC 3331; 31 USC 3343; 31 the definitions in 31 CFR part 240. USC 3702; 31 USC 3712 NPRM 12/00/06 Other revisions will govern the use of CFR Citation: 31 CFR 245 the Check Forgery Insurance Fund Regulatory Flexibility Analysis Legal Deadline: None (Fund). The Fund is a revolving fund Required: No Abstract: Title 31 CFR part 245 governs established to settle payee claims of Government Levels Affected: Federal nonreceipt where the original check has the issuance of replacement checks for Agency Contact: Ella White, Program checks drawn on the United States been fraudulently negotiated. The Fund ensures that innocent payees, whose Analyst, Department of the Treasury, Treasury when: 1) The original check Financial Management Service, 3700 has been lost, stolen, destroyed or Treasury checks have been fraudulently East–West Highway, Hyattsville, MD mutilated, or defaced to such an extent cashed, receive replacement checks in 20782 that it is rendered non-negotiable; 2) a timely manner. The NPRM is on hold Phone: 202 874–8445 the original check has been negotiated pending implementation of the Email: [email protected] and paid on a forged or unauthorized Expanded Check Forgery Insurance indorsement; and 3) the original check Fund Legislation (CFIF) and the RIN: 1510–AA51

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

2338. PAYMENTS UNDER JUDGMENT Legal Deadline: None 2341. PAYMENT OF FEDERAL TAXES AND PRIVATE RELIEF ACTS Abstract: Section 901.9, paragraph (f) AND THE TREASURY TAX AND LOAN Priority: Substantive, Nonsignificant is being modified to state that when PROGRAM Legal Authority: PL 104–53; PL an administrative charge is being paid Priority: Substantive, Nonsignificant. 104–316; 28 USC 2414; 28 USC 2517; out of amounts collected from the Major status under 5 USC 801 is 31 USC 1304 debtor, a partial or installment payment undetermined. on a debt should be applied to that CFR Citation: 31 CFR 256 Legal Authority: 12 USC 90; 12 USC charge first, then to penalties, other 265; 12 USC 266; 12 USC 321; 12 USC Legal Deadline: None administrative charges, interest, and 323; 12 USC 332; 12 USC 391; 12 USC Abstract: This regulation governs the principal. 1452(d); 12 USC 1464(k); 12 USC 1767; procedures for securing payment for Timetable: 12 USC 1789(a); 12 USC 2013; 12 USC money judgments against the United Action Date FR Cite 2122; 12 USC 3102; 12 USC 6302; 31 States. The proposed revision will USC 3301 to 3304 Interim Final Rule 11/00/06 update these procedures. This revision CFR Citation: 31 CFR 203 will benefit claimants and others in Regulatory Flexibility Analysis understanding the judgment payment Required: No Legal Deadline: None process. This regulation currently Small Entities Affected: No Abstract: This rule includes general describes a process that involves the revisions that will provide needed General Accounting Office (GAO) and Government Levels Affected: Federal, updates to support operational changes the Treasury Department. The revision Local, State, Tribal to the system used for the collection will remove the GAO from this Agency Contact: Gerry Isenberg, of corporate withholding taxes and the description to reflect legislative Financial Program Specialist, Debt investment of the Government’s excess amendments that effect this change. Management Service, Department of the operating funds, and incorporate other Also, the regulation currently identifies Treasury, Financial Management needed updates. monetary thresholds that no longer Service, 401 14th Street SW., Timetable: exist. The change will reflect the Washington, DC 20227 removal of these monetary limitations. Phone: 202 874–7131 Action Date FR Cite These revisions will make the Fax: 202 874–7494 Interim Final Rule 10/00/06 regulation consistent with current Email: [email protected] procedures for securing payment of Regulatory Flexibility Analysis RIN: 1510–AA91 money judgments against the United Required: No States. Government Levels Affected: Federal 2340. FEDERAL GOVERNMENT Timetable: Agency Contact: PARTICIPATION IN THE ACH Thompson Sawyer, Action Date FR Cite Director, Investment Management Priority: Substantive, Nonsignificant Division, Department of the Treasury, NPRM 01/08/96 61 FR 552 Legal Authority: 5 USC 5525; 12 USC Financial Management Service, 401 NPRM Comment 02/07/96 14th Street SW., Washington, DC 20227 Period End 391; 31 USC 321; 31 USC 3301; 31 USC Phone: 202 874–7150 Direct Final Rule 06/00/06 3302; 31 USC 3321; 31 USC 3332; 31 USC 3335; 31 USC 3720 Email: [email protected] Regulatory Flexibility Analysis RIN: 1510–AB01 Required: No CFR Citation: 31 CFR 210 Small Entities Affected: No Legal Deadline: None 2342. OFFSET OF FEDERAL Government Levels Affected: Federal Abstract: FMS reviews the private sector ACH operating rules on a yearly PAYMENTS (OTHER THAN TAX Agency Contact: Vivian Cooper, basis and adopts, changes, or declines REFUND AND FEDERAL BENEFIT Director, Financial Accounting and each rule. PAYMENTS) TO COLLECT PAST–DUE, Services Division, Department of the LEGALLY ENFORCEABLE NONTAX Treasury, Financial Management Timetable: DEBT–GRANT PAYMENTS Service, 3700 East–West Highway, Action Date FR Cite AMENDMENT Hyattsville, MD 20782 Interim Final Rule 10/00/06 Priority: Substantive, Nonsignificant Phone: 202 874–8380 Email: [email protected] Regulatory Flexibility Analysis Legal Authority: 31 USC 3716 Required: RIN: 1510–AA52 No CFR Citation: 31 CFR 285.5 Government Levels Affected: Federal Legal Deadline: None 2339. FEDERAL CLAIMS COLLECTION Agency Contact: Kristine Conrath, Abstract: The Debt Collection STANDARD—COLLECTION BY Acting Director, Settlement Services Improvement Act of 1996, Public Law INSTALLMENTS Division, Department of the Treasury, 1040134 (April 26, 1996) authorized the Financial Management Service, 401 Priority: Substantive, Nonsignificant offset of Federal payments by 14th Street SW., Washington, DC 20227 disbursing officials of the United States Legal Authority: 31 USC 3711; 31 USC Phone: 202 874–7019 to collect nontax debt owed the United 3717 Email: [email protected] States. 31 CFR 285.5 contains rules for CFR Citation: 31 CFR 901.9 RIN: 1510–AB00 conducting these offsets. This rule will

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TREAS—FMS Final Rule Stage

provide additional parameters relating of surety companies. This revision to CFR Citation: 31 CFR 285.6 to the offset of Federal grant payments. 31 CFR part 224 will make the Legal Deadline: None Timetable: regulation consistent with a 1999 amendment to 31 USC 9306. In Action Date FR Cite Abstract: This rule implements 31 USC addition, this revision will remove an 3716(h), which provides for the Interim Final Rule 11/00/06 outdated requirement and update administrative offset of Federal Regulatory Flexibility Analysis contact information and references. payments to collect delinquent debts Required: No Timetable: owed to States, provided the State has Small Entities Affected: No Action Date FR Cite entered into a reciprocal agreement with the Secretary of the Treasury. This Government Levels Affected: Federal, Direct Final Rule 06/00/06 rule will not address past-due support Local, State, Tribal Regulatory Flexibility Analysis debts, which are collected pursuant to Agency Contact: Gerry Isenberg, Required: No 31 CFR 285.1 Financial Program Specialist, Debt Government Levels Affected: Federal Management Service, Department of the Timetable: Treasury, Financial Management Agency Contact: Rose M Miller, Surety Action Date FR Cite Service, 401 14th Street SW., Bond Branch Manager, Department of Washington, DC 20227 the Treasury, Financial Management Interim Final Rule 07/00/06 Phone: 202 874–7131 Service, 3700 East–West Highway, Regulatory Flexibility Analysis Hyattsville, MD 20782 Fax: 202 874–7494 Required: No Email: [email protected] Phone: 202 874–6850 Fax: 202 874–9978 RIN: 1510–AB05 Government Levels Affected: Federal, Email: [email protected] Local, State, Tribal RIN: 1510–AB08 2343. ∑ FEDERAL PROCESS AGENTS Agency Contact: Gerry Isenberg, OF SURETY COMPANIES Financial Program Specialist, Debt 2344. ∑ ADMINISTRATIVE OFFSET Priority: Substantive, Nonsignificant Management Service, Department of the AND CLAIMS COLLECTION UNDER Treasury, Financial Management Legal Authority: 31 USC 3906 RECIPROCAL AGREEMENTS WITH Service, 401 14th Street SW., CFR Citation: 31 CFR 224 STATES Washington, DC 20227 Legal Deadline: None Priority: Substantive, Nonsignificant. Phone: 202 874–7131 Major status under 5 USC 801 is Fax: 202 874–7494 Abstract: Title 31 CFR part 224, which Email: [email protected] implements 31 USC 9306, governs the undetermined. appointment of federal process agents Legal Authority: 31 USC 3716 RIN: 1510–AB09

Department of the Treasury (TREAS) Completed Actions Financial Management Service (FMS)

2345. FOREIGN EXCHANGE 2346. FEDERAL GOVERNMENT 2347. WITHHOLDING OF DISTRICT OF OPERATIONS PARTICIPATION IN THE AUTOMATED COLUMBIA, STATE, CITY, AND CLEARING HOUSE COUNTY INCOME OR EMPLOYMENT Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant TAXES BY FEDERAL AGENCIES Priority: CFR Citation: 31 CFR 281 CFR Citation: 31 CFR 210 Info./Admin./Other CFR Citation: 31 CFR 215 Completed: Completed: Completed: Reason Date FR Cite Reason Date FR Cite Reason Date FR Cite Withdrawn 02/08/06 Interim Final Rule 11/07/05 70 FR 67364 Interim Final Rule 01/06/06 Final Action 01/13/06 71 FR 2149 Regulatory Flexibility Analysis Comment Period Regulatory Flexibility Analysis End Required: No Required: No Regulatory Flexibility Analysis Small Entities Affected: No Small Entities Affected: No Required: No Government Levels Affected: Federal, Government Levels Affected: None Small Entities Affected: No Local, State Government Levels Affected: Agency Contact: Natalie H. Diana None Agency Contact: Marc Seldin Phone: 202 874–6680 Agency Contact: Natalie H. Diana Phone: 202 874–6863 Fax: 202 874–6627 Phone: 202 874–6680 Fax: 202 874–6627 Email: [email protected] Fax: 202 874–6627 Email: [email protected] Email: [email protected] RIN: 1510–AB06 RIN: 1510–AB03 RIN: 1510–AB04 BILLING CODE 4810—31—S

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Department of the Treasury (TREAS) Prerule Stage Alcohol and Tobacco Tax and Trade Bureau (TTB)

ALCOHOL beverages. We wish to gather Timetable: information by inviting comments from Action Date FR Cite the public and industry as to whether 2348. PROPOSED REVISIONS TO THE the existing regulations should be ANPRM 07/00/06 BEER REGULATIONS revised. Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Timetable: Required: No Legal Authority: 26 USC 5021 to 5056; Action Date FR Cite Government Levels Affected: None 26 USC 5061 to 5064; 26 USC 5091 ANPRM 12/07/05 70 FR 72731 Agency Contact: Lisa M. Gesser, TTB to 5093; 26 USC 5111 to 5114; 26 USC Program Coordinator, Department of the 5121 to 5123; 26 USC 5401 to 5403; ANPRM Comment 02/06/06 Period End Treasury, Alcohol and Tobacco Tax and 26 USC 5411 to 5418; . . . Comment Period 04/00/06 Trade Bureau, P.O. Box 128, Morganza, CFR Citation: 27 CFR 25 Extended MD 20660 Phone: 301 290–1460 Legal Deadline: None Regulatory Flexibility Analysis Fax: 301 290–1463 Required: No Abstract: The Alcohol and Tobacco Email: [email protected] Tax and Trade Bureau proposes to Small Entities Affected: No revise brewery regulations to reduce the RIN: 1513–AB24 regulatory burden and streamline Government Levels Affected: None regulatory requirements. Agency Contact: Lisa M. Gesser, TTB 2351. ∑ USE OF THE WORDS SCOTCH Timetable: Program Coordinator, Department of the ALE OR SCOTTISH ALE OR ITS Treasury, Alcohol and Tobacco Tax and VARIANTS ON LABELS OR IN Action Date FR Cite Trade Bureau, P.O. Box 128, Morganza, ADVERTISING OF MALT BEVERAGE ANPRM 04/00/06 MD 20660 PRODUCTS; REQUEST FOR PUBLIC Regulatory Flexibility Analysis Phone: 301 290–1460 COMMENT Fax: 301 290–1463 Required: No Priority: Substantive, Nonsignificant Email: [email protected] Small Entities Affected: Businesses Legal Authority: 27 USC 205 RIN: 1513–AB16 Government Levels Affected: None CFR Citation: 27 CFR 7.24 Agency Contact: RaMona Hupp, ∑ Legal Deadline: None Specialist, Department of the Treasury, 2350. USE OF VARIOUS Alcohol and Tobacco Tax and Trade WINEMAKING TERMS ON WINE Abstract: TTB is considering whether Bureau, Suite 200E, 1310 G Street NW., LABELS AND IN ADVERTISEMENTS; the terms Scotch Ale and Scottish Ale Washington, DC 20220 REQUEST FOR PUBLIC COMMENT by usage and common knowledge have Phone: 202 927–8210 Priority: Substantive, Nonsignificant. lost their geographical significance to Fax: 202 927–8525 Major status under 5 USC 801 is such an extent that they have become Email: [email protected] undetermined. generic. Timetable: Related RIN: Related to 1513–AA12 Legal Authority: 27 USC 205 Action Date FR Cite RIN: 1513–AB05 CFR Citation: 27 CFR 4 Notice 06/00/06 Legal Deadline: None 2349. USE OF THE WORD ‘‘PURE’’ OR Regulatory Flexibility Analysis ITS VARIANTS IN THE LABELING AND Abstract: The Alcohol and Tobacco Required: No ADVERTISING OF ALCOHOL Tax and Trade Bureau is considering Small Entities Affected: BEVERAGES amending the regulations concerning No various winemaking terms commonly Government Levels Affected: None Priority: Other Significant used on labels and in advertisements Legal Authority: 27 USC 205 of wine products to provide the Agency Contact: Ramona L. Hupp, consumer with information about the Specialist, Department of the Treasury, CFR Citation: 27 CFR 4; 27 CFR 5; 27 Alcohol and Tobacco Tax and Trade CFR 7 growing and/or bottling conditions of the product. We wish to gather Bureau, 1310 G Street NW., Suite 200E, Legal Deadline: None information by inviting comments from Washington, DC 20220 Abstract: TTB is considering amending industry members, consumers, and Phone: 202 927–8210 the regulations concerning the use of other interested parties as to whether Fax: 202 927–8525 the word ‘‘pure’’ or its variants in the and to what extent the existing Email: [email protected] labeling and advertising of alcohol regulations should be revised. RIN: 1513–AB30

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

ALCOHOL Because of petitions to mandate Regulatory Flexibility Analysis additional information, including Required: No ingredient, allergen, alcohol, calorie, Small Entities Affected: No 2352. DENATURED SPIRITS, and carbohydrate content and requests ARTICLES, AND NONBEVERAGE by some to use labels with at least Government Levels Affected: None PRODUCTS some of that additional information on Agency Contact: Jessica M. Bungard, Priority: Substantive, Nonsignificant a voluntary basis under existing rules, Management Analyst, Department of TTB believes it is now appropriate to the Treasury, Alcohol and Tobacco Tax Legal Authority: 26 USC 7805 consider revising the alcohol beverage and Trade Bureau, Suite 200E, 1310 G CFR Citation: 27 CFR 19; 27 CFR 20; labeling and advertising regulations, Street NW., Washington, DC 20220 27 CFR 27; 27 CFR 28 and seeks public comment on several Phone: 202 927–8210 issues to assist TTB in formulating Fax: 202 927–8525 Legal Deadline: None specific regulatory proposals. Email: [email protected] Abstract: Modernizes and clarifies Timetable: Related RIN: Related to 1513–AB07 regulations relating to the following RIN: 1513–AB08 activities: 1) Manufacture of articles Action Date FR Cite made with specially denatured alcohol ANPRM 04/29/05 70 FR 22274 (SDA); 2) exportation of SDA and ANPRM Comment 06/23/05 70 FR 36359 2355. ALTERNATING BREWERY articles made with SDA; and 3) Period Extended PROPRIETORS importation of denatured spirits, fuel ANPRM Comment 09/26/05 Priority: Substantive, Nonsignificant alcohol, articles made with SDA, and Period End nonbeverage alcoholic products. NPRM 06/00/06 Legal Authority: 26 USC 5051; 26 USC 5401 Timetable: Regulatory Flexibility Analysis Required: Undetermined CFR Citation: 27 CFR 25 Action Date FR Cite Government Levels Affected: None Legal Deadline: None NPRM 10/00/06 Agency Contact: Lisa M. Gesser, TTB Abstract: TTB is establishing Regulatory Flexibility Analysis Program Coordinator, Department of the guidelines for the establishment of Required: No Treasury, Alcohol and Tobacco Tax and alternating proprietors at brewery Government Levels Affected: None Trade Bureau, P.O. Box 128, Morganza, premises. These guidelines will provide MD 10660 standards for the establishment of an Agency Contact: Steven C. Simon, Phone: 301 290–1460 alternating proprietorship at a brewery Program Manager, Department of the Fax: 301 290–1463 premises, and will provide guidelines Treasury, Alcohol and Tobacco Tax and Email: [email protected] for the operations of these premises by Trade Bureau, Suite 200E, 1310 G separate established brewers. They will Street NW., Washington, DC 20220 RIN: 1513–AB07 give guidance on operations, Phone: 202 927–9210 taxpayment, recordkeeping, reporting, Fax: 202 927–8525 2354. ALLERGEN INGREDIENT and segregation of products made by Email: [email protected] LABELING FOR ALCOHOL separate brewers. RIN: 1513–AB03 BEVERAGES Timetable: Priority: Substantive, Nonsignificant Action Date FR Cite 2353. LABELING AND ADVERTISING Legal Authority: 27 USC 205(e) NPRM 06/00/06 OF WINES, DISTILLED SPIRITS, AND CFR Citation: 27 CFR 4.32; 27 CFR MALT BEVERAGES Regulatory Flexibility Analysis 5.32; 27 CFR 7.22 Required: No Priority: Other Significant. Major status Legal Deadline: None Small Entities Affected: Businesses under 5 USC 801 is undetermined. Abstract: Pursuant to the House Government Levels Affected: None Legal Authority: 27 USC 205 Committee Report accompanying the Agency Contact: Food Allergen Labeling and Consumer Ramona L. Hupp, CFR Citation: 27 CFR 4; 27 CFR 5; 27 Specialist, Department of the Treasury, CFR 7 Protection Act of 2004 (Pub. L. 108- 282), TTB will consider how to Alcohol and Tobacco Tax and Trade Legal Deadline: None appropriately apply allergen labeling to Bureau, 1310 G Street NW., Suite 200E, Abstract: TTB requests public beverage alcohol products. We will Washington, DC 20220 Phone: 202 927–8210 comment on possible changes to the consider how allergen labeling for these Fax: 202 927–8525 labeling and advertising requirements products will operate within our Email: [email protected] of alcohol beverage products regulated existing labeling regulations and with by TTB. TTB has long required certain FDA regulations. RIN: 1513–AB09 labeling, such as brand name, class and Timetable: type, alcohol content (in the case of Action Date FR Cite 2356. PETITION TO ESTABLISH THE wines containing more than 14 percent OUTER COASTAL PLAIN AMERICAN alcohol by volume and distilled spirits), ANPRM 04/29/05 70 FR 22274 VITICULTURAL AREA net contents, and in recent years has ANPRM Comment 09/26/05 published updated standards for the Period End Priority: Routine and Frequent use of carbohydrate and calorie claims. NPRM 04/00/06 Legal Authority: 27 USC 205

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TREAS—TTB Proposed Rule Stage

CFR Citation: 27 CFR 9 Regulatory Flexibility Analysis 2359. ∑ LEHIGH VALLEY Required: Legal Deadline: None No Priority: Routine and Frequent Abstract: TTB received a petition Small Entities Affected: Businesses Legal Authority: 27 USC 205 proposing to establish the Outer Coastal Government Levels Affected: None CFR Citation: 27 CFR 9 Plain viticultural area in southeast New Jersey. The 2,255,400-acre area includes Agency Contact: Marjorie D. Ruhf, Legal Deadline: None all of Cape May, Atlantic, Ocean, and Program Manager, Department of the Abstract: The Lehigh Valley Wine Trail Cumberland Counties and portions of Treasury, Alcohol and Tobacco Tax and Appellation Committee proposed the Salem, Gloucester, Camden, Burlington, Trade Bureau, Suite 200E, 1310 G establishment of the Lehigh Valley and Monmouth Counties. Currently, the Street NW., Washington, DC 20220 viticultural area, which includes 1,888 area has 1,227 vineyard acres. Phone: 202 927–8210 square miles and 220 vineyard acres, Timetable: Fax: 202 927–8525 north of Philadelphia, in Lehigh, Email: [email protected] Action Date FR Cite Northampton, Berks, Schuylkill, RIN: 1513–AB17 Carbon, and Monroe counties in NPRM 07/00/06 Pennsylvania. Distinguishing features include climate, soil, and terrain. Regulatory Flexibility Analysis ∑ Required: No 2358. GREEN VALLEY OF RUSSIAN RIVER VALLEY Timetable: Small Entities Affected: No Action Date FR Cite Priority: Routine and Frequent Government Levels Affected: None NPRM 08/00/06 Legal Authority: 27 USC 205 Agency Contact: Jennifer Berry, TTB Regulatory Flexibility Analysis Specialist, Department of the Treasury, CFR Citation: 27 CFR 9 Required: No Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA Legal Deadline: None Small Entities Affected: No 24014 Abstract: The Winegrowers and Government Levels Affected: None Phone: 540 344–9333 Vintners of Sonoma County’s Green Agency Contact: Nancy Sutton, AVA Fax: 540 344–5855 Valley group proposes to rename the Program Manager, Department of the Email: [email protected] ‘‘Sonoma County Green Valley’’ Treasury, Alcohol and Tobacco Tax and RIN: 1513–AB13 viticultural area (27 CFR 9.57) as the Trade Bureau, Suite 200E, 1310 G ‘‘Green Valley of Russian River Valley’’ Street NW., Washington, DC 20220 viticultural area, with the size and 2357. ∑ QUARTERLY EXCISE TAX Phone: 202 927–8210 boundaries remaining unchanged. The FILING FOR SMALL ALCOHOL Fax: 202 927–8525 group explains the name change is EXCISE TAXPAYERS Email: [email protected] warranted because the region is RIN: 1513–AB19 Priority: Substantive, Nonsignificant commonly referred to as ‘‘Green Legal Authority: 26 USC 5061 as Valley,’’ without the Sonoma County amended by PL 109–59 modifier. They add that the Sonoma 2360. ∑ SWAN CREEK County Green Valley viticultural area Priority: Routine and Frequent CFR Citation: 27 CFR 19; 27 CFR 24; is considered as a sub-appellation of 27 CFR 25; 27 CFR 26; 27 CFR 70; . . . the Russian River Valley viticultural Legal Authority: 27 USC 205 Legal Deadline: NPRM, Statutory, area by virtue of location and similar CFR Citation: 27 CFR 9 January 1, 2006, PL 109–59. climate. Legal Deadline: None Abstract: Implementation of the Timetable: quarterly excise tax payment procedure Abstract: Raffaldini Vineyards for small alcohol excise taxpayers Action Date FR Cite submitted a petition to establish the contained in section 11127 of Public NPRM 06/00/06 96,000-acre Swan Creek viticultural Law 109-59, the Safe, Accountable, area on behalf of the Vineyards of Swan Regulatory Flexibility Analysis Flexible, Efficient Transportation Creek trade association, a group of Required: Equity Act: A Legacy for Users, which No vineyards and wineries in northwest North Carolina. At the time of the amended section 5061 of the Internal Small Entities Affected: No Revenue Code of 1986. petition, the proposed boundaries of Government Levels Affected: None the agricultural and rural area include Timetable: three wineries and 75 acres of Agency Contact: Nancy Sutton, AVA Action Date FR Cite vineyards. Portions of Wilkes, Yadkin, Program Manager, Department of the and Iredell counties are in the proposed Temporary rule with 02/02/06 71 FR 5598 Treasury, Alcohol and Tobacco Tax and boundaries, as is approximately 60 NPRM Trade Bureau, Suite 200E, 1310 G Temporary rule 01/01/06 percent of the established Yadkin Street NW., Washington, DC 20220 Valley viticultural area (27 CFR 9.174). effective date Phone: 202 927–8210 NPRM 02/02/06 71 FR 5629 Fax: 202 927–8525 Timetable: NPRM Comment 04/03/06 Email: [email protected] Period End Action Date FR Cite Final Rule 08/00/06 RIN: 1513–AB18 NPRM 08/00/06

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TREAS—TTB Proposed Rule Stage

Regulatory Flexibility Analysis Department of Commerce and Labor Government Levels Affected: None Required: No submitted a petition to establish the Agency Contact: Nancy Sutton, AVA Small Entities Affected: No 8,263-square mile Snake River Valley Program Manager, Department of the viticultural area. The area includes Government Levels Affected: None Treasury, Alcohol and Tobacco Tax and portions of western Idaho and eastern Trade Bureau, Suite 200E, 1310 G Agency Contact: Nancy Sutton, AVA Oregon. The proposed boundaries Street NW., Washington, DC 20220 Program Manager, Department of the include 15 wineries, 46 vineyards, and Phone: 202 927–8210 Treasury, Alcohol and Tobacco Tax and 1,107 acres of commercial vineyard Fax: 202 927–8525 Trade Bureau, Suite 200E, 1310 G production. Email: [email protected] Street NW., Washington, DC 20220 Timetable: Phone: 202 927–8210 RIN: 1513–AB23 Fax: 202 927–8525 Action Date FR Cite Email: [email protected] NPRM 08/00/06 2364. ∑ PROPOSED ESTABLISHMENT RIN: 1513–AB20 Regulatory Flexibility Analysis OF THE TULOCAY VITICULTURAL Required: No AREA 2361. ∑ SAN FRANCISCO BAY Small Entities Affected: No Priority: Routine and Frequent EXPANSION Government Levels Affected: None Legal Authority: 27 USC 205(e) Priority: Routine and Frequent Agency Contact: Nancy Sutton, AVA CFR Citation: 27 CFR 9 Legal Authority: 27 USC 205 Program Manager, Department of the Legal Deadline: None Treasury, Alcohol and Tobacco Tax and CFR Citation: 27 CFR 9 Trade Bureau, Suite 200E, 1310 G Abstract: The petitioner proposes to Legal Deadline: None Street NW., Washington, DC 20220 establish the 11,200-acre Tulocay Abstract: Hestan Vineyards proposes to Phone: 202 927–8210 viticultural area. The Tulocay region is expand the San Francisco Bay Fax: 202 927–8525 totally within the established Napa viticultural area northward into Solano Email: [email protected] Valley viticultural area and the larger, multi-county North Coast viticultural County, California. This 56,280-acre RIN: 1513–AB22 expansion will include two acres of area in California. The distinguishing features of the proposed viticultural vineyards and portions of the ∑ Carquinez Strait in the City of Vallejo. 2363. PROPOSED EXPANSION OF area include a unique microclimate and The distinguishing features include THE ALEXANDER VALLEY geography. climate, soil, and terrain. VITICULTURAL AREA Timetable: Timetable: Priority: Routine and Frequent Action Date FR Cite Action Date FR Cite Legal Authority: 27 USC 205 NPRM 09/00/06 CFR Citation: NPRM 12/00/06 27 CFR 9 Regulatory Flexibility Analysis Legal Deadline: Regulatory Flexibility Analysis None Required: No Required: No Abstract: The petitioner proposes to Small Entities Affected: No expand the Alexander Valley Small Entities Affected: No Government Levels Affected: None viticultural area by 1,300 acres, in a Government Levels Affected: None region along Hiatt Road adjacent to the Agency Contact: Nancy Sutton, AVA Agency Contact: Nancy Sutton, AVA current diagonal northwestern Program Manager, Department of the Program Manager, Department of the boundary. The proposed expansion Treasury, Alcohol and Tobacco Tax and Treasury, Alcohol and Tobacco Tax and area, south-southwest of Cloverdale, Trade Bureau, Suite 200E, 1310 G Trade Bureau, Suite 200E, 1310 G resembles an east-facing triangle that Street NW., Washington, DC 20220 Street NW., Washington, DC 20220 joins the diagonal northwestern Phone: 202 927–8210 Phone: 202 927–8210 boundary line. The current diagonal Fax: 202 927–8525 Fax: 202 927–8525 boundary line divides a vineyard, Email: [email protected] Email: [email protected] leaving about 10 acres outside of the RIN: 1513–AB26 established Alexander Valley RIN: 1513–AB21 viticultural area. Expansion of the boundary line would correct this 2365. ∑ PROPOSED ESTABLISHMENT 2362. ∑ SNAKE RIVER VALLEY vineyard problem and allow for another OF THE PASO ROBLES WESTSIDE VITICULTURAL AREA Priority: Routine and Frequent vineyard to be included in the viticultural area. Priority: Routine and Frequent Legal Authority: 27 USC 205 Timetable: Legal Authority: 27 USC 205(e) CFR Citation: 27 CFR 9 Action Date FR Cite CFR Citation: Legal Deadline: None 27 CFR 9 NPRM 08/00/06 Abstract: The wine grape growers of Legal Deadline: None the Snake River Valley in Idaho, the Regulatory Flexibility Analysis Abstract: The proposed 179,622-acre Idaho Grape Growers and Wine Required: No Paso Robles Westside viticultural area Producers Commission, and the Idaho Small Entities Affected: No is located in California about 30 miles

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TREAS—TTB Proposed Rule Stage

inland from the Pacific Ocean and 180 Paso Robles Westside viticultural area Government Levels Affected: None miles south of San Francisco. The include climate, soils, and topography. Agency Contact: Nancy Sutton, AVA proposed viticultural area is totally Program Manager, Department of the within San Luis Obispo County, the Timetable: Treasury, Alcohol and Tobacco Tax and Paso Robles viticultural area, and the Action Date FR Cite Trade Bureau, Suite 200E, 1310 G multi-county Central Coast viticultural NPRM 09/00/06 Street NW., Washington, DC 20220 area. The establishment of the proposed Phone: 202 927–8210 Paso Robles Westside viticultural area Regulatory Flexibility Analysis Fax: 202 927–8525 would not affect the existing, larger Required: No Email: [email protected] Paso Robles viticultural area. Distinguishing features of the proposed Small Entities Affected: No RIN: 1513–AB27

Administrative/Procedures rules regarding the disclosure of Regulatory Flexibility Analysis information pursuant to the Freedom of Required: No Information Act and the Privacy Act of 2366. AVAILABILITY OF 1974 and in connection with litigation Small Entities Affected: No INFORMATION or other legal proceedings. TTB is also Government Levels Affected: None Priority: Info./Admin./Other revising 27 CFR 70.701(d) to change the publication of the TTB Bulletin. Rather Legal Authority: 26 USC 6103; 5 USC Agency Contact: Jessica Bungard, than publishing our bulletin quarterly Management Analyst, Department of 552; 5 USC 552(a); 26 USC 301; 26 USC in print form, we are changing it to 7805 the Treasury, Alcohol and Tobacco Tax be published as a monthly online and Trade Bureau, Suite 200E, 1310 G CFR Citation: 27 CFR 70 bulletin. All content of the bulletin as Street NW., Washington, DC 20220 Legal Deadline: None currently prescribed by regulation will Phone: 202 927–8210 remain the same. Abstract: TTB is revising and Fax: 202 927–8525 consolidating in one new part of its Timetable: Email: [email protected] regulations all regulatory provisions that deal with the availability of Action Date FR Cite RIN: 1513–AA98 information. This new part will include NPRM 12/00/06

FIREARMS Timetable: eliminate obsolete or unnecessary rules Action Date FR Cite and forms and streamline export processing, while providing adequate 2367. FIREARMS AND AMMUNITION NPRM 10/00/06 protection for the revenue. EXCISE TAXES, CONSIGNMENT Regulatory Flexibility Analysis Timetable: SALES OF IMPORTED ARTICLES Required: No Action Date FR Cite Priority: Other Significant. Major status Small Entities Affected: No under 5 USC 801 is undetermined. ANPRM 09/08/92 57 FR 40887 Government Levels Affected: None ANPRM Comment 10/08/92 Legal Authority: 26 USC 4181; 26 USC URL For Public Comments: Period End 4182; 26 USC 4216 to 4219; 26 USC [email protected] ANPRM Comment 10/15/92 57 FR 47320 4221 to 4223; 26 USC 4225; 26 USC Period Extended Agency Contact: Karl O. Joedicke, 6001; 26 USC 6011; 26 USC 6020; 26 ANPRM Comment 12/07/92 USC 6021; 26 USC 6061; 26 USC 6071; Project Coordinator, Department of the Period Extended 26 USC 6081; 26 USC 6091; 26 USC Treasury, Alcohol and Tobacco Tax and End 6101 to 6104; 26 USC 6109; 26 USC Trade Bureau, 1310 G Street NW., Suite ANPRM 08/09/96 61 FR 41500 6151; 26 USC 6155; 26 USC 6161; 26 200E, Washington, DC 20220 ANPRM Comment 12/10/96 USC 6301 to 6303; 26 USC 6311; 26 Phone: 202 927–7460 Period End USC 6402; 26 USC 6404; 26 USC 6416; Fax: 202 927–8525 NPRM 10/00/06 Email: [email protected] 26 USC 7502; 26 USC 7805 Regulatory Flexibility Analysis RIN: CFR Citation: 27 CFR 53.121 1513–AB12 Required: No Legal Deadline: None Government Levels Affected: None 2368. EXPORTATION OF LIQUORS Abstract: TTB is amending the Additional Information: Transferred regulations relating to the payment of Priority: Substantive, Nonsignificant from RIN 1512-AA98 excise taxes on firearms and Legal Authority: 26 USC 7805 Agency Contact: Joanne Brady, TTB ammunition. The proposed amendment CFR Citation: 27 CFR 28 Specialist, Department of the Treasury, will clarify the tax liability of a Alcohol and Tobacco Tax and Trade domestic consignee who sells imported Legal Deadline: None Bureau, P.O. Box 45797, Philadelphia, firearms or ammunition on behalf of a Abstract: TTB proposes the plain PA 19149 resident of a foreign country. language revision of 27 CFR part 28 to Phone: 215 333–7050

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TREAS—TTB Proposed Rule Stage

Fax: 215 333–8871 Abstract: TTB is proposing to amend Agency Contact: Jennifer Berry, TTB Email: [email protected] the distilled spirits plant regulations in Specialist, Department of the Treasury, RIN: 1513–AA00 27 CFR part 19. Many of these Alcohol and Tobacco Tax and Trade proposed revisions are the result of a Bureau, P.O. Box 18152, Roanoke, VA petition submitted by the Distilled 24014 2369. DETERMINATION OF TAX AND Spirits Council of the United States Phone: 540 344–9333 RECORDKEEPING ON LARGE (DISCUS). Other proposed revisions are Fax: 540 344–5855 CIGARS a result of TTB’s own comprehensive Email: [email protected] review of the regulations in 27 CFR Priority: Substantive, Nonsignificant RIN: 1513–AA42 part 19. TTB believes that the Legal Authority: 26 USC 5701; 26 USC amendments proposed in this notice 5702 will benefit the distilled spirits 2372. PETITION TO ESTABLISH CFR Citation: 27 CFR 40; 27 CFR 275 industry by modernizing many of the ‘‘SANTA MARIA BENCH’’ AS A NEW requirements for operating distilled AMERICAN VITICULTURAL AREA Legal Deadline: None spirits plants and thereby allow Priority: Routine and Frequent Abstract: This notice incorporates most proprietors to operate in a more of the parts of Industry Circular 91-3, efficient manner. Legal Authority: 27 USC 205 dated March 19, 1991, entitled ‘‘Large Timetable: CFR Citation: 27 CFR 9 Cigar Taxes On and After January, 1991’’ that have not been placed in the Action Date FR Cite Legal Deadline: None regulations. Industry Circular 91-3 NPRM 12/00/06 Abstract: TTB received a petition from addressed questions about determining Regulatory Flexibility Analysis Cambria Winery and Vineyard the amount of tax for large cigars based Required: No proposing to establish the ‘‘Santa Maria on their sale price. In addition, this Small Entities Affected: No Bench’’ viticultural area in Santa notice proposes: 1) To give guidance Barbara County, California. The on tax adjustments for large cigars Government Levels Affected: None petitioned viticultural area has 4,130 provided at no cost in connection with Additional Information: Transferred acres, with 1,754 acres planted to wine a sale; and 2) recordkeeping from RIN 1512-AC52 grapes, and is within the established requirements for persons in Puerto Santa Maria and the Central Coast Agency Contact: Daniel J. Hiland, Rico, who bring large cigars upon viticultural areas. prepayment or deferred payment of tax Program Manager, Department of the into the United States from Puerto Rico. Treasury, Alcohol and Tobacco Tax and Timetable: Trade Bureau, Suite 200E, 1310 G Action Date FR Cite Timetable: Street NW., Washington, DC 20220 Action Date FR Cite Phone: 202 927–8210 NPRM 07/00/06 NPRM 11/00/06 Fax: 202 927–8525 Regulatory Flexibility Analysis Email: [email protected] Required: No Regulatory Flexibility Analysis RIN: 1513–AA23 Required: No Small Entities Affected: No Small Entities Affected: No Government Levels Affected: None 2371. PROPOSED ADDITION OF NEW Government Levels Affected: None GRAPE VARIETY NAMES FOR Additional Information: Transferred Additional Information: Transferred AMERICAN WINES from RIN 1512-AC93 from RIN 1512-AC22 Priority: Substantive, Nonsignificant Agency Contact: Ramona L. Hupp, Agency Contact: Amy J. Rogers, Legal Authority: 27 USC 205 Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Management Analyst, Department of CFR Citation: 27 CFR 4 the Treasury, Alcohol and Tobacco Tax Bureau, 1310 G Street NW., Suite 200E, and Trade Bureau, 1310 G Street NW., Legal Deadline: None Washington, DC 20220 Suite 200E, Washington, DC 20220 Abstract: TTB has received petitions Phone: 202 927–8210 Phone: 202 927–8210 proposing to add several names to the Fax: 202 927–8525 Fax: 202 927–8525 list of grape variety names used to Email: [email protected] Email: [email protected] designate American wines. RIN: 1513–AA51 RIN: 1513–AA16 Timetable: Action Date FR Cite 2373. ∑ FORM TTB F 5110.51, FORMULA AND PROCESS FOR 2370. PROPOSED REVISIONS TO THE NPRM 09/00/06 DISTILLED SPIRITS PLANT DOMESTIC AND IMPORTED ALCOHOL REGULATIONS Regulatory Flexibility Analysis BEVERAGES Required: No Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Small Entities Affected: No Legal Authority: 26 USC 7805 Legal Authority: 27 USC 205; 26 USC Government Levels Affected: None 5222 to 26 USC 5223; 26 USC 5232; CFR Citation: 27 CFR 19 Additional Information: Transferred 26 USC 5386; 26 USC 5401; 26 USC Legal Deadline: None from RIN 1512-AC79 5555

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TREAS—TTB Proposed Rule Stage

CFR Citation: 27 CFR 5; 27 CFR 7; 27 Small Entities Affected: Businesses CFR Citation: 27 CFR 4.27 CFR 19; 27 CFR 24; 27 CFR 25; 27 CFR Government Levels Affected: None 26 Legal Deadline: None Agency Contact: James R. Neely, Legal Deadline: None Abstract: TTB is considering a Specialist, Department of the Treasury, modification of the vintage date rules. Abstract: This project replaces existing Alcohol and Tobacco Tax and Trade forms used for the submission of Bureau, 1310 G Street, NW, Room Timetable: formulas for wine and distilled spirits 400W, Washington, DC 20220 with a single, new form, TTB F Phone: 202 927–0120 Action Date FR Cite 5110.51, Formula and Process for Fax: 202 921–1840 NPRM 04/00/06 Domestic and Imported Alcohol Email: [email protected] Beverages, to be used by all producers Regulatory Flexibility Analysis and importers of alcohol beverages. Amy J. Rogers, Management Analyst, Required: No This new form also replaces the Department of the Treasury, Alcohol existing statement of process or and Tobacco Tax and Trade Bureau, Small Entities Affected: No letterhead formulas used for submission 1310 G Street NW., Suite 200E, Government Levels Affected: of beer formulas. Use of this new form Washington, DC 20220 None will allow all alcohol beverage Phone: 202 927–8210 producers to use the same form and Agency Contact: Marjorie D. Ruhf, Fax: 202 927–8525 Program Manager, Department of the submit the same information for the Email: [email protected] production and importation of any kind Treasury, Alcohol and Tobacco Tax and of alcohol beverage. RIN: 1513–AB28 Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Timetable: ∑ Phone: 202 927–8210 Action Date FR Cite 2374. PROPOSED MODIFICATION OF VINTAGE DATE REQUIREMENTS Fax: 202 927–8525 NPRM 04/00/06 Email: [email protected] Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis RIN: 1513–AB29 Required: No Legal Authority: 27 USC 205

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

ALCOHOL Government Levels Affected: None Action Date FR Cite Agency Contact: Jennifer Berry, TTB NPRM Comment 07/18/05 2375. NEW CERTIFICATION Specialist, Department of the Treasury, Period End REQUIREMENTS FOR IMPORTED Alcohol and Tobacco Tax and Trade Final Rule 05/00/06 WINE Bureau, P.O. Box 18152, Roanoke, VA 24014 Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Phone: 540 344–9333 Required: No Legal Authority: PL 108–429, sec 202 Fax: 540–344–5855 Small Entities Affected: No Email: [email protected] CFR Citation: 27 CFR 4; 27 CFR 24; Government Levels Affected: None 27 CFR 27 RIN: 1513–AB00 Legal Deadline: None Agency Contact: Jennifer Berry, TTB Specialist, Department of the Treasury, 2376. PETITION TO ESTABLISH SAN Abstract: TTB is amending the wine Alcohol and Tobacco Tax and Trade ANTONIO VALLEY AS A NEW regulations to implement new Bureau, P.O. Box 18152, Roanoke, VA AMERICAN VITICULTURAL AREA certification requirements for imported 24014 wine required by the Miscellaneous Priority: Routine and Frequent Phone: 540 344–9333 Trade and Technical Corrections Act of Fax: 540 344–5855 2004. Legal Authority: 27 USC 205 Email: [email protected] Timetable: CFR Citation: 27 CFR 9 RIN: 1513–AB02 Action Date FR Cite Legal Deadline: None NPRM 08/24/05 70 FR 49516 Abstract: TTB has received a petition 2377. PROPOSED CHANGE TO Interim Final Rule 08/24/05 70 FR 49479 proposing ‘‘San Antonio Valley’’ as a VINTAGE DATE REQUIREMENTS Interim Final Rule 08/24/05 new American viticultural area in Priority: Substantive, Nonsignificant Effective California. Final Rule 09/00/06 Legal Authority: 27 USC 205 Regulatory Flexibility Analysis Timetable: Required: No Action Date FR Cite CFR Citation: 27 CFR 4.27 Small Entities Affected: No NPRM 05/19/05 70 FR 28865 Legal Deadline: None

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TREAS—TTB Final Rule Stage

Abstract: TTB received a petition to located in the south, central region of Abstract: The proposed 2,090-acre change the vintage date requirements in Washington State. Distinguishing Saddle Rock-Malibu viticultural area is the wine regulations. features include topography, soils, and in Malibu County in southern Timetable: climate. There are currently 1,227 acres California. The distinguishing features of vineyards in commercial production. include high elevations, and its Action Date FR Cite Timetable: location and orientation within the NPRM 07/01/05 70 FR 38058 Santa Monica Mountains that limit its NPRM Comment 08/30/05 Action Date FR Cite marine layer exposure. As compared to Period End NPRM 06/01/05 70 FR 31396 some of the neighboring areas with Final Rule 04/00/06 NPRM Comment 08/01/05 more marine influence, the Saddle Regulatory Flexibility Analysis Period End Rock-Malibu area receives more solar Required: No Final Rule 08/00/06 radiation and heat during the growing season. Small Entities Affected: No Regulatory Flexibility Analysis Required: No Government Levels Affected: None Timetable: Small Entities Affected: No Agency Contact: Marjorie D. Ruhf, Action Date FR Cite Government Levels Affected: Program Manager, Department of the None NPRM 01/10/06 71 FR 1500 Treasury, Alcohol and Tobacco Tax and Agency Contact: Nancy Sutton, AVA NPRM Comment 03/13/06 Trade Bureau, Suite 200E, 1310 G Program Manager, Department of the Period End Street NW., Washington, DC 20220 Treasury, Alcohol and Tobacco Tax and Final Rule 12/00/06 Phone: 202 927–8210 Trade Bureau, Suite 200E, 1310 G Fax: 202 927–8525 Street NW., Washington, DC 20220 Regulatory Flexibility Analysis Email: [email protected] Phone: 202 927–8210 Required: No RIN: 1513–AB11 Fax: 202 927–8525 Small Entities Affected: No Email: [email protected] Government Levels Affected: None 2378. PETITION TO ESTABLISH THE RIN: 1513–AB14 RATTLESNAKE HILLS AMERICAN Agency Contact: Nancy Sutton, AVA VITICULTURAL AREA 2379. PETITION TO ESTABLISH THE Program Manager, Department of the Priority: Routine and Frequent SADDLE ROCK–MALIBU AMERICAN Treasury, Alcohol and Tobacco Tax and VITICULTURAL AREA Trade Bureau, Suite 200E, 1310 G Legal Authority: 27 U.S.C. 205 Street NW., Washington, DC 20220 CFR Citation: 27 CFR 9 Priority: Routine and Frequent Phone: 202 927–8210 Legal Deadline: None Legal Authority: 27 U.S.C. 205 Fax: 202 927–8525 Email: [email protected] Abstract: The proposed 68,500-acre CFR Citation: 27 CFR 9 Rattlesnake Hills viticultural area is Legal Deadline: None RIN: 1513–AB15

Administrative/Procedures Tobacco and Firearms, Department of Regulatory Flexibility Analysis the Treasury into two separate agencies: Required: No the Bureau of Alcohol, Tobacco, 2380. ADMINISTRATIVE CHANGES TO Firearms and Explosives in the Small Entities Affected: No ALCOHOL, TOBACCO, AND Department of Justice, and the Alcohol Government Levels Affected: None FIREARMS REGULATIONS DUE TO and Tobacco Tax and Trade Bureau in THE HOMELAND SECURITY ACT OF the Department of the Treasury. Due to Agency Contact: Lisa M. Gesser, TTB 2002 these changes, this final rule amends Program Coordinator, Department of the Priority: Info./Admin./Other the Alcohol and Tobacco Tax and Treasury, Alcohol and Tobacco Tax and Trade Bureau’s regulations to reflect the Legal Authority: PL 107–296; . . . Trade Bureau, P.O. Box 128, Morganza, Bureau’s new name and organizational MD 20660 CFR Citation: 27 CFR 1; 27 CFR 4 to structure. 6; 27 CFR 8; . . . Phone: 301 290–1460 Timetable: Fax: 301 290–1463 Legal Deadline: None Email: [email protected] Abstract: The Homeland Security Act Action Date FR Cite of 2002 divided the Bureau of Alcohol, Final Rule 06/00/06 RIN: 1513–AA80

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TREAS—TTB Final Rule Stage

FIREARMS 2382. IMPLEMENTATION OF PUBLIC American wines to recognize the name LAW 105–33, SECTION 9302, ‘‘Durif’’ as a synonym for the Petite REQUIRING THE QUALIFICATION OF Sirah grape and to recognize the name 2381. ∑ FIREARMS EXCISE TAX; TOBACCO PRODUCT IMPORTERS ‘‘Primitivo’’ as a synonym for the EXEMPTION FOR SMALL AND MISCELLANEOUS TECHNICAL Zinfandel grape. This is in response to MANUFACTURERS, PRODUCERS, AMENDMENTS the result of recent DNA research into AND IMPORTERS Priority: Substantive, Nonsignificant the identity of these grape varieties. Priority: Substantive, Nonsignificant. Legal Authority: 26 USC 5712; 26 USC Timetable: Major status under 5 USC 801 is 5713 Action Date FR Cite undetermined. CFR Citation: 27 CFR 275 NPRM 04/10/02 67 FR 17312 Legal Authority: 26 USC 4181; 26 USC Legal Deadline: None NPRM Comment 06/06/02 67 FR 38915 4182; 26 USC 4216 to 4219; 26 USC Period Extended 4221 to 4223; 26 USC 4225; 26 USC Abstract: These regulations will NPRM Comment 10/08/02 6001; 26 USC 6011; 26 USC 6020; 26 implement section 9302 provisions of Period End USC 6021; 26 USC 6071; 26 USC 6081; Public Law 105-33, requiring permits Final Rule 09/00/06 26 USC 6091; 26 USC 6101 to 6104; for businesses engaged in importing Regulatory Flexibility Analysis 26 USC 6109; 26 USC 6151; 26 USC tobacco products. Also, minor technical Required: No 6155; 26 USC 6161; 26 USC 6301 to amendments have been included in this 6303; 26 USC 6311; 26 USC 6402; 26 rule. Small Entities Affected: No USC 6404; 26 USC 6416; 26 USC 7502; Timetable: Government Levels Affected: None 26 USC 7805 Additional Information: Transferred CFR Citation: Action Date FR Cite 27 CFR 53.62 from RIN 1512-AC65 NPRM 12/22/99 64 FR 71955 Legal Deadline: None NPRM Comment 02/22/00 Agency Contact: Jennifer Berry, TTB Abstract: This final rule amends the Period End Specialist, Department of the Treasury, regulations administered by the Interim Final Rule 12/22/99 64 FR 71947 Alcohol and Tobacco Tax and Trade Alcohol and Tobacco Tax and Trade Interim Final Rule 01/01/00 Bureau, P.O. Box 18152, Roanoke, VA Bureau to reflect the small Effective 24014 manufacturers excise tax exemption Interim Final Rule 05/03/00 65 FR 17477 Phone: 540 344–9333 contained in section 5241 of the Safe, Comment Period Fax: 540 344–5855 Accountable, Flexible, Efficient End Email: [email protected] Final Rule 01/00/07 Transportation Equity Act: A Legacy for RIN: 1513–AA32 Users. Section 5241 of this Act Regulatory Flexibility Analysis amended section 4182 of the Internal Required: No 2384. PETITION TO ESTABLISH Revenue Code of 1986 to exempt any Small Entities Affected: No pistol, revolver, or firearm from the tax ‘‘EOLA HILLS’’ AS A NEW AMERICAN imposed by section 4181 if it was Government Levels Affected: None VITICULTURAL AREA manufactured, produced, or imported Additional Information: Transferred Priority: Routine and Frequent by a person who manufactures, from RIN 1512-AC07 produces, or imports less than an Legal Authority: 27 USC 205 Agency Contact: aggregate of 50 such articles during the Linda W. Chapman, CFR Citation: 27 CFR 9 calendar year. TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Legal Deadline: None Timetable: Trade Bureau, 1310 G Street NW., Suite Abstract: TTB has received a petition Action Date FR Cite 200E, Washington, DC 20220 proposing the establishment of ‘‘Eola Phone: 202 927–8181 Final Rule 04/00/06 Hills’’ as a new American viticultural Fax: 202 927–8525 area in Oregon. Regulatory Flexibility Analysis Email: [email protected] Timetable: Required: No RIN: 1513–AA10 Action Date FR Cite Small Entities Affected: No NPRM 09/08/03 68 FR 52875 Government Levels Affected: None 2383. PROPOSAL TO RECOGNIZE NPRM Comment 11/07/03 Agency Contact: Karl O. Joedicke, SYNONYMS FOR PETITE SIRAH AND Period End Project Coordinator, Department of the ZINFANDEL GRAPE VARIETIES Comment Period 11/07/03 68 FR 63042 Treasury, Alcohol and Tobacco Tax and Priority: Substantive, Nonsignificant Extended Extended Comment 01/06/04 Trade Bureau, 1310 G Street NW., Suite Legal Authority: 27 USC 205 200E, Washington, DC 20220 Period End Phone: 202 927–7460 CFR Citation: 27 CFR 4 Final Rule 07/00/06 Fax: 202 927–8525 Legal Deadline: None Regulatory Flexibility Analysis Email: [email protected] Abstract: TTB is proposing to amend Required: No RIN: 1513–AB25 the list of prime grape names for Small Entities Affected: No

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TREAS—TTB Final Rule Stage

Government Levels Affected: None 2386. PETITION TO EXPAND THE and Central Coast, located in the State LIVERMORE VALLEY VITICULTURAL of California. In total, the proposed Additional Information: Transferred AREA expanded boundaries encompass from RIN 1512-AC78 Priority: Routine and Frequent approximately 20,000 acres. The notice Agency Contact: Jennifer Berry, TTB of proposed rulemaking includes Specialist, Department of the Treasury, Legal Authority: 27 USC 205 expansion of the Livermore Valley Alcohol and Tobacco Tax and Trade CFR Citation: 27 CFR 9 American viticultural area. All three Bureau, P.O. Box 18152, Roanoke, VA Legal Deadline: None will be published together. 24014 Timetable: Phone: 540 344–9333 Abstract: TTB received a petition Fax: 540 344–5855 proposing to expand the boundaries of Action Date FR Cite Email: [email protected] approved American viticultural area NPRM 05/19/05 70 FR 28870 Livermore Valley located in the State NPRM Comment 07/18/05 RIN: 1513–AA41 of California. The proposed expanded Period End boundaries encompass approximately Final Rule 10/00/06 259,000 acres, of which 4,355 acres are 2385. ORGANIC CLAIMS IN LABELING Regulatory Flexibility Analysis devoted to vineyards. The expansion AND ADVERTISING OF ALCOHOL Required: No BEVERAGES would add approximately 163,000 acres, 120 acres of vineyards, and four Small Entities Affected: No Priority: Info./Admin./Other wineries to the area. The notice of Government Levels Affected: None proposed rulemaking includes Legal Authority: 27 USC 205 Additional Information: Transferred expansions of the Central Coast and from RIN 1512-AD00 CFR Citation: 27 CFR 4; 27 CFR 5; 27 San Francisco Bay American CFR 7; 27 CFR 13 viticultural areas. All three will be Agency Contact: Nancy Sutton, AVA published together. Program Manager, Department of the Legal Deadline: None Treasury, Alcohol and Tobacco Tax and Timetable: Abstract: TTB amended its alcohol Trade Bureau, Room 200E, 1310 G beverage labeling rules to cross- Action Date FR Cite Street NW., Washington, DC 20220 reference the U.S. Department of NPRM 05/19/05 70 FR 28873 Phone: 202 927–8210 Agriculture’s National Organic Program NPRM Comment 07/18/05 Fax: 202 927–8525 (NOP) rules. The mandatory Period End Email: [email protected] compliance date for the NOP rules was Final Rule 10/00/06 RIN: 1513–AA55 October 21, 2002. TTB requested Regulatory Flexibility Analysis comments on the temporary rule in an Required: No 2388. PETITION TO ESTABLISH associated notice of proposed ‘‘CHEHALEM MOUNTAINS’’ AS A NEW rulemaking. Small Entities Affected: No AMERICAN VITICULTURAL AREA Government Levels Affected: None Timetable: Priority: Routine and Frequent Additional Information: Transferred Action Date FR Cite from RIN 1512-AC99 Legal Authority: 27 USC 205 NPRM 10/08/02 67 FR 62860 Agency Contact: Nancy Sutton, AVA CFR Citation: 27 CFR 9 Temporary Rule 10/08/02 67 FR 62856 Program Manager, Department of the Legal Deadline: None NPRM Comment 12/27/02 67 FR 79011 Treasury, Alcohol and Tobacco Tax and Period Reopened Abstract: TTB has received a petition Trade Bureau, Room 200E, 1310 G proposing the establishment of the NPRM Comment 05/09/03 68 FR 24903 Street NW., Washington, DC 20220 Period Reopened ‘‘Chehalem Mountains’’ viticultural Phone: 202 927–8210 Final Rule 08/00/06 area located in Yamhill, Washington, Fax: 202 927–8525 and Clackamas Counties, Oregon. A Regulatory Flexibility Analysis Email: [email protected] draft final rule is being prepared. The Required: No RIN: 1513–AA54 geographical name conflict is awaiting Small Entities Affected: No resolution prior to any further action. Government Levels Affected: None 2387. SAN FRANCISCO BAY AND Timetable: CENTRAL COAST VITICULTURAL Action Date FR Cite Additional Information: Transferred AREAS—BOUNDARY from RIN 1512-AC87 REALIGNMENT/EXPANSION NPRM 10/07/03 68 FR 57840 NPRM Comment 12/08/03 Agency Contact: Marjorie D. Ruhf, Priority: Routine and Frequent Period End Program Manager, Department of the Legal Authority: 27 USC 205 Final Rule 12/00/06 Treasury, Alcohol and Tobacco Tax and Regulatory Flexibility Analysis Trade Bureau, Suite 200E, 1310 G CFR Citation: 27 CFR 9 Required: No Street NW., Washington, DC 20220 Legal Deadline: None Phone: 202 927–8210 Small Entities Affected: No Abstract: TTB received a petition Fax: 202 927–8525 proposing an expansion/realignment of Government Levels Affected: None Email: [email protected] the boundaries of approved American Additional Information: Transferred RIN: 1513–AA46 viticultural areas San Francisco Bay from RIN 1512-AD02

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TREAS—TTB Final Rule Stage

Agency Contact: Nancy Sutton, AVA CFR Citation: 27 CFR 9 Regulatory Flexibility Analysis Program Manager, Department of the Legal Deadline: None Required: No Treasury, Alcohol and Tobacco Tax and Small Entities Affected: No Trade Bureau, Suite 200E, 1310 G Abstract: The proposed 27,500-acre Street NW., Washington, DC 20220 Fort Ross-Seaview viticultural area is in Government Levels Affected: None Phone: 202 927–8210 the North Coast and Sonoma Coast viticultural areas. It is approximately 65 Agency Contact: Rita D. Butler, Fax: 202 927–8525 Specialist, Department of the Treasury, Email: [email protected] miles north-northwest from San Francisco, close to the Pacific coastline. Alcohol and Tobacco Tax and Trade RIN: 1513–AA57 A significant distinguishing factor of Bureau, 1310 G Street NW., Room the viticultural area, based on its 920- 200E, Washington, DC 20220 2389. LABELING AND ADVERTISING foot and 1,800-foot elevations, is the Phone: 202 927–8210 OF MALT BEVERAGES sunny and warm growing season that Fax: 202 927–8525 contrasts to the surrounding foggy and Email: [email protected] Priority: Substantive, Nonsignificant cooler lower elevations. RIN: 1513–AA70 Legal Authority: 27 USC 205 Timetable: CFR Citation: 27 CFR 7 Action Date FR Cite 2392. PROPOSED AMENDED Legal Deadline: None NPRM 05/12/05 70 FR 25000 BOUNDARIES FOR THE SANTA LUCIA Abstract: This project revises malt NPRM Comment 06/08/05 HIGHLANDS AND THE ARROYO SECO beverage labeling and advertising Period End VITICULTURAL AREA regulations in plain language, and Final Rule 12/00/06 Priority: Routine and Frequent updates titles and definitions to reflect Regulatory Flexibility Analysis Legal Authority: 27 USC 205(e) the status of TTB. This revision makes Required: No no substantive changes to 27 CFR part Small Entities Affected: No CFR Citation: 27 CFR 9.139; 27 CFR 7. 9.59 Government Levels Affected: None Timetable: Legal Deadline: None Agency Contact: Nancy Sutton, AVA Action Date FR Cite Program Manager, Department of the Abstract: TTB requests comments NPRM 06/27/02 67 FR 43496 Treasury, Alcohol and Tobacco Tax and concerning the proposed changes to the NPRM Comment 08/26/02 Trade Bureau, Suite 200E, 1310 G boundaries of the Santa Lucia Period End Street NW., Washington, DC 20220 Highlands and Arroyo Seco viticultural NPRM Comment 08/27/02 67 FR 54388 Phone: 202 927–8210 areas located in Monterey County, Period Extended Fax: 202 927–8525 California. The proposed boundary Comment Period 09/25/02 Email: [email protected] change extends portions of the Santa Extended End RIN: 1513–AA64 Luca Highlands viticultural area and Final Rule 04/00/06 curtails the Arroyo Seco viticultural Regulatory Flexibility Analysis area. Required: No 2391. PETITION TO ESTABLISH THE ‘‘SHAWNEE HILLS’’ VITICULTURAL Timetable: Small Entities Affected: Businesses AREA Action Date FR Cite Government Levels Affected: None Priority: Routine and Frequent NPRM 01/24/05 70 FR 3333 Additional Information: Transferred Legal Authority: 27 USC 205(e) NPRM Comment 03/25/05 from RIN 1512-AC10 Period End CFR Citation: 27 CFR 9 URL For Public Comments: Other/Comment 03/08/05 70 FR 11178 www.ttb.gov/foia/nprmlcomments/ Legal Deadline: None Period Extended notice946lcomments.htm Abstract: TTB requests comments Other/Comment 05/25/05 concerning the proposed establishment Period End Agency Contact: Ramona L. Hupp, Final Rule 08/00/06 Specialist, Department of the Treasury, of the ‘‘Shawnee Hills’’ viticultural area Alcohol and Tobacco Tax and Trade in southern Illinois. The proposed Regulatory Flexibility Analysis Bureau, 1310 G Street NW., Suite 200E, Shawnee Hills viticultural area is Required: No approximately 80 miles long from the Washington, DC 20220 Small Entities Affected: No Phone: 202 927–8210 Ohio River on the east to the Fax: 202 927–8525 Mississippi River on the west, and Government Levels Affected: None Email: [email protected] approximately 20 miles wide from Agency Contact: Nancy Sutton, AVA north to south. Approximately 160 RIN: 1513–AA60 Program Manager, Department of the acres are planted with wine varietals. Treasury, Alcohol and Tobacco Tax and Timetable: Trade Bureau, Suite 200E, 1310 G 2390. PETITION TO ESTABLISH THE Action Date FR Cite Street NW., Washington, DC 20220 ‘‘FORT ROSS SEAVIEW’’ Phone: 202 927–8210 VITICULTURAL AREA NPRM 04/08/05 70 FR 17940 Fax: 202 927–8525 NPRM Comment 06/07/05 Email: [email protected] Priority: Routine and Frequent Period End Legal Authority: 27 USC 205 Final Rule 08/00/06 RIN: 1513–AA72

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TREAS—TTB Final Rule Stage

2393. PROPOSED ESTABLISHMENT for seven new viticultural areas within Treasury, Alcohol and Tobacco Tax and OF ALTA MESA VITICULTURAL AREA the original Lodi viticultural area Trade Bureau, Suite 200E, 1310 G Priority: Routine and Frequent boundaries. Street NW., Washington, DC 20220 Timetable: Phone: 202 927–8210 Legal Authority: 27 USC 205 Fax: 202 927–8525 CFR Citation: 27 CFR 9 Action Date FR Cite Email: [email protected] Legal Deadline: None NPRM 08/15/05 70 FR 47770 RIN: 1513–AA84 NPRM Comment 10/14/05 70 FR 47740 Abstract: The Lodi American Period End Viticultural Areas Steering Committee Final Rule 08/00/06 2396. PROPOSED ESTABLISHMENT proposes the establishment of the OF MOKELUMNE RIVER Regulatory Flexibility Analysis 55,400-acre ‘‘Alta Mesa’’ viticultural VITICULTURAL AREA area in the north central portion of the Required: No Priority: Routine and Frequent established Lodi viticultural area. The Small Entities Affected: No Legal Authority: 27 USC 205 most distinguishing features of the area Government Levels Affected: None include ‘‘Alta Mesa,’’ a table-top CFR Citation: 27 CFR 9 landform, and San Joaquin soil series Agency Contact: Nancy Sutton, AVA that dominates 90 percent of the land. Program Manager, Department of the Legal Deadline: None The Steering Committee is petitioning Treasury, Alcohol and Tobacco Tax and Abstract: The Lodi American for seven new viticultural areas within Trade Bureau, Suite 200E, 1310 G Viticultural Areas Steering Committee the original Lodi viticultural area Street NW., Washington, DC 20220 proposes the establishment of the boundaries. Phone: 202 927–8210 85,700-acre ‘‘Mokelumne River’’ Fax: 202 927–8525 Timetable: viticultural area in the southwest Email: [email protected] portion of the established Lodi Action Date FR Cite RIN: 1513–AA83 viticultural area. The most NPRM 08/15/05 70 FR 47740 distinguishing features of the area NPRM Comment 10/14/05 include the alluvial fan with its Period End 2395. PROPOSED ESTABLISHMENT topography and geology in contrast to Final Rule 08/00/06 OF SLOUGHHOUSE VITICULTURAL the surrounding areas, and the cool, AREA Regulatory Flexibility Analysis breezy climate. The Steering Committee Required: No Priority: Routine and Frequent is petitioning for seven new viticultural Legal Authority: 27 USC 205 areas within the original Lodi Small Entities Affected: No viticultural area boundaries. CFR Citation: 27 CFR 9 Government Levels Affected: None Timetable: Legal Deadline: None Agency Contact: Nancy Sutton, AVA Action Date FR Cite Program Manager, Department of the Abstract: The Lodi American Treasury, Alcohol and Tobacco Tax and Viticultural Areas Steering Committee NPRM 08/15/05 70 FR 47740 Trade Bureau, Suite 200E, 1310 G proposes to establish the 78,800-acre NPRM Comment 10/14/05 Period End Street NW., Washington, DC 20220 ‘‘Sloughhouse’’ viticultural area within Final Rule 08/00/06 Phone: 202 927–8210 the northeast portion of the established Fax: 202 927–8525 Lodi viticultural area. The distinctive Regulatory Flexibility Analysis Email: [email protected] viticultural environment of the Required: No RIN: 1513–AA82 proposed Sloughhouse viticultural area Small Entities Affected: No includes warm temperatures, significant rain and fog, high elevations, and old Government Levels Affected: None 2394. PROPOSED ESTABLISHMENT soils. The Steering Committee is Agency Contact: Nancy Sutton, AVA OF THE COSUMNES RIVER petitioning for seven new viticultural Program Manager, Department of the VITICULTURAL AREA areas within the original Lodi Treasury, Alcohol and Tobacco Tax and Priority: Routine and Frequent viticultural area boundaries. Trade Bureau, Suite 200E, 1310 G Legal Authority: 27 USC 205 Timetable: Street NW., Washington, DC 20220 Phone: 202 927–8210 CFR Citation: 27 CFR 9 Action Date FR Cite Fax: 202 927–8525 Legal Deadline: None NPRM 08/15/05 70 FR 47740 Email: [email protected] Abstract: NPRM Comment 10/14/05 RIN: 1513–AA85 The Lodi American Period End Viticultural Areas Steering Committee Final Rule 08/00/06 proposes to establish the 54,700-acre Regulatory Flexibility Analysis 2397. PROPOSED ESTABLISHMENT ‘‘Cosumnes River’’ viticultural area in OF JAHANT VITICULTURAL AREA the northwest portion of the established Required: No Priority: Lodi viticultural area. The most Small Entities Affected: No Routine and Frequent distinguishing features of the area Legal Authority: 27 USC 205 include the cool and windy climate, Government Levels Affected: None alluvial soils, and low elevation terrain. Agency Contact: Nancy Sutton, AVA CFR Citation: 27 CFR 9 The Steering Committee is petitioning Program Manager, Department of the Legal Deadline: None

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TREAS—TTB Final Rule Stage

Abstract: The Lodi American Action Date FR Cite Trade Bureau, Suite 200E, 1310 G Viticultural Areas Steering Committee Street NW., Washington, DC 20220 proposes the establishment of the NPRM Comment 10/14/05 Phone: 202 927–8210 28,000-acre ‘‘Jahant’’ viticultural area, Period End Fax: 202 927–8525 located in the central-west portion of Final Rule 08/00/06 Email: [email protected] the established Lodi viticultural area. Regulatory Flexibility Analysis RIN: 1513–AA88 The most distinguishing features of the Required: No area are the pink Jahant loam soil with Small Entities Affected: No its unique grape-growing qualities, the 2400. PROPOSED ESTABLISHMENT terrain with its river terraces and old Government Levels Affected: None OF TRACY HILLS VITICULTURAL floodplain deposits, and the cool, dry, Agency Contact: Nancy Sutton, AVA AREA and windy climate. The Steering Program Manager, Department of the Priority: Routine and Frequent Committee is petitioning for seven new Treasury, Alcohol and Tobacco Tax and Legal Authority: 27 USC 205 viticultural areas within the original Trade Bureau, Suite 200E, 1310 G Lodi viticultural area boundaries. Street NW., Washington, DC 20220 CFR Citation: 27 CFR 9 Timetable: Phone: 202 927–8210 Legal Deadline: None Fax: 202 927–8525 Action Date FR Cite Abstract: The Alcohol and Tobacco Email: [email protected] NPRM 08/15/05 70 FR 47740 Tax and Trade Bureau proposes to RIN: NPRM Comment 10/14/05 1513–AA87 establish the 39,200-acre Tracy Hills Period End viticultural area in San Joaquin and Final Rule 08/00/06 2399. PROPOSED ESTABLISHMENT Stanislaus Counties, California, approximately 55 miles east-southeast Regulatory Flexibility Analysis OF CLEMENTS HILLS VITICULTURAL of San Francisco. The sloping hillside Required: AREA No topography includes streams and Small Entities Affected: No Priority: Routine and Frequent alluvial fans and plains. The Government Levels Affected: None Legal Authority: 27 USC 205 distinguishing climatic features of the proposed area include limited rainfall Agency Contact: Nancy Sutton, AVA CFR Citation: 27 CFR 9 and persistent winds, along with sparse Program Manager, Department of the Legal Deadline: fog, frost, and dew. Treasury, Alcohol and Tobacco Tax and None Trade Bureau, Suite 200E, 1310 G Abstract: The Lodi American Timetable: Street NW., Washington, DC 20220 Viticultural Areas Steering Committee Action Date FR Cite Phone: 202 927–8210 proposes the establishment of the Fax: 202 927–8525 84,500-acre ‘‘Clements Hills’’ NPRM 12/07/05 70 FR 72733 Email: [email protected] viticultural area in the southeast NPRM Comment 02/06/06 Period End portion of the established Lodi RIN: 1513–AA86 Final Rule 12/00/06 viticultural area. It is a topographic transition area between the low and flat Regulatory Flexibility Analysis 2398. PROPOSED ESTABLISHMENT San Joaquin Valley floor to the west Required: No OF BORDEN RANCH VITICULTURAL and the progressively more Small Entities Affected: No AREA mountainous Sierra Foothills to the Government Levels Affected: None Priority: Routine and Frequent east. The most distinguishing features of the Clements Hills area are the high Agency Contact: Nancy Sutton, AVA Legal Authority: 27 USC 205 elevation river terraces and rounded Program Manager, Department of the CFR Citation: 27 CFR 9 hilltops. The Steering Committee is Treasury, Alcohol and Tobacco Tax and Legal Deadline: None petitioning for seven new viticultural Trade Bureau, Room 200E, 1310 G areas within the original Lodi Street NW., Washington, DC 20220 Abstract: The Lodi American viticultural area boundaries. Phone: 202 927–8210 Viticultural Areas Steering Committee Timetable: Fax: 202 927–8525 proposes the establishment of the Email: [email protected] 70,000-acre ‘‘Borden Ranch’’ Action Date FR Cite viticultural area in the east central RIN: 1513–AA89 portion of the Lodi viticultural area. NPRM 08/15/05 70 FR 47740 The most distinctive features include NPRM Comment 10/14/05 Period End 2401. PROPOSED ESTABLISHMENT old alluvial fans, river terraces and Final Rule 08/00/06 OF COVELO VITICULTURAL AREA plains, high elevations, and a windswept climate. The Steering Regulatory Flexibility Analysis Priority: Routine and Frequent Committee is petitioning for seven new Required: No Legal Authority: 27 USC 205 viticultural areas within the original Small Entities Affected: No CFR Citation: 27 CFR 9 Lodi viticultural area boundaries. Government Levels Affected: None Legal Deadline: None Timetable: Agency Contact: Nancy Sutton, AVA Abstract: Ralph Carter of Sonoma, Action Date FR Cite Program Manager, Department of the California is petitioning to establish NPRM 08/15/05 70 FR 47740 Treasury, Alcohol and Tobacco Tax and Covelo as an American viticultural

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TREAS—TTB Final Rule Stage

area. Covelo area is 164 miles north of wines they may purchase. We invited Government Levels Affected: None San Francisco and immediately south comments on this proposed addition to Agency Contact: Jennifer Berry, TTB of the Round Valley Indian Reservation our regulations, particularly from Specialist, Department of the Treasury, in northern California. The proposed bottlers who use brand names similar Alcohol and Tobacco Tax and Trade area has 38,000 acres with two acres to Calistoga. Bureau, P.O. Box 18152, Roanoke, VA of planted grape vines, but more area Timetable: 24014 that the petitioner believes has good Phone: 540 344–9333 viticultural potential. The distinctive Action Date FR Cite Fax: 540 344–5855 features include the bowl-shape of the NPRM 03/31/05 70 FR 16451 Email: [email protected] Covelo valley area that contrasts to the NPRM Comment 05/31/05 narrow valleys, with north-south Period End RIN: 1513–AA96 orientations, commonly found in Final Rule 06/00/06 Mendocino County. Also, it has a short Regulatory Flexibility Analysis 2404. SUSPENSION OF SPECIAL grape-growing season when compared Required: No (OCCUPATIONAL) TAX to other Mendocino County viticultural Small Entities Affected: No areas. Priority: Substantive, Nonsignificant Government Levels Affected: None Timetable: Legal Authority: PL 108–357, sec 246; Agency Contact: Lisa M. Gesser, TTB Action Date FR Cite 26 USC 5148 Program Coordinator, Department of the NPRM 02/02/05 70 FR 5393 Treasury, Alcohol and Tobacco Tax and CFR Citation: 27 CFR 17; 27 CFR 19; NPRM Comment 04/04/05 Trade Bureau, P.O. Box 128, Morganza, 27 CFR 24 to 27; 27 CFR 194 Period End MD 20660 Legal Deadline: Final, Statutory, July Final Rule 05/00/06 Phone: 301 290–1460 1, 2005, Section 246 of the American Regulatory Flexibility Analysis Fax: 301 290–1463 Jobs Creation Act of 2004. Required: No Email: [email protected] Abstract: RIN: 1513–AA92 Implements section 246 of Small Entities Affected: No the American Jobs Creation Act of 2004 Government Levels Affected: None (Pub. L. 208-357), which provides that 2403. MATERIALS AUTHORIZED FOR Agency Contact: Nancy Sutton, AVA for the 3-year period from July 1, 2005, THE TREATMENT OF WINE AND Program Manager, Department of the through June 30, 2008, the rate of JUICE; PROCESSES AUTHORIZED Treasury, Alcohol and Tobacco Tax and special (occupational) tax on certain FOR THE TREATMENT OF WINE, Trade Bureau, Suite 200E, 1310 G specified occupations shall be zero. JUICE, AND DISTILLING MATERIAL Street NW., Washington, DC 20220 Timetable: Phone: 202 927–8210 Priority: Substantive, Nonsignificant Action Date FR Cite Fax: 202 927–8525 Legal Authority: 26 USC 5381; 26 USC Email: [email protected] 5382; 26 USC 5385 to 5387 Interim Final Rule 10/31/05 70 FR 62238 RIN: Interim Final Rule 07/01/05 1513–AA90 CFR Citation: 24 CFR 246; 24 CFR 248 Effective Legal Deadline: None NPRM 10/31/05 70 FR 62258 2402. PETITION TO ESTABLISH Abstract: TTB is revising its lists of NPRM Comment 12/30/05 Period End ‘‘CALISTOGA’’ AS AN AMERICAN approved wine treating materials and Final Rule 06/00/06 VITICULTURAL AREA processes to add several new materials Priority: Routine and Frequent and processes and revise existing Regulatory Flexibility Analysis Legal Authority: 27 USC 205 limitations for a few others. Required: No Timetable: CFR Citation: 27 CFR 9 Government Levels Affected: None Action Date FR Cite Legal Deadline: None Agency Contact: Steven C. Simon, Program Manager, Department of the Abstract: In response to a petition, the Interim Final Rule 11/19/04 69 FR 67639 Interim Final Rule 01/18/05 Treasury, Alcohol and Tobacco Tax and Alcohol and Tobacco Tax and Trade Comment Period Trade Bureau, Suite 200E, 1310 G Bureau proposed to establish the End Street NW., Washington, DC 20220 Calistoga viticultural area in Calistoga, Final Rule 09/00/06 Phone: 202 927–8210 Napa Valley, California. We designate Fax: 202 927–8525 viticultural areas to allow bottlers to Regulatory Flexibility Analysis Email: [email protected] better describe the origin of wines and Required: No allow consumers to better identify the Small Entities Affected: No RIN: 1513–AB04

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

ALCOHOL Timetable: Regulatory Flexibility Analysis Action Date FR Cite Required: No 2405. PROHIBITION OF ALCOHOL NPRM 02/09/99 64 FR 6486 Government Levels Affected: None BEVERAGE CONTAINERS AND NPRM Comment 04/12/99 Agency Contact: Lisa M. Gesser STANDARD OF FILL FOR DISTILLED Period End SPIRITS AND WINE Revised 04/00/07 Phone: 301 290–1460 NPRM–Aggregate Fax: 301 290–1463 Priority: Substantive, Nonsignificant Packaging Email: [email protected] Revised 04/00/07 CFR Citation: 27 CFR 4; 27 CFR 5; 27 NPRM–Deceptive RIN: 1513–AA07 CFR 7 Packaging

TOBACCO PRODUCTS Timetable: 2409. AMENDED STANDARD OF Action Date FR Cite IDENTITY FOR SHERRY Priority: Substantive, Nonsignificant 2406. REMOVAL OF TOBACCO NPRM 06/02/97 62 FR 29681 PRODUCTS AND CIGARETTE PAPERS NPRM Comment 08/01/97 CFR Citation: 27 CFR 4 Period End AND TUBES, WITHOUT PAYMENT OF Timetable: TAX, FOR USE BY THE UNITED Interim Final Rule 06/02/97 62 FR 29663 STATES IN LAW ENFORCEMENT Final Action To Be Determined Action Date FR Cite ACTIVITIES Regulatory Flexibility Analysis NPRM To Be Determined Required: No Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Government Levels Affected: None Required: No CFR Citation: 27 CFR 45.31 Agency Contact: Marjorie D. Ruhf Small Entities Affected: No Timetable: Phone: 202 927–8210 Fax: 202 927–8525 Government Levels Affected: None Action Date FR Cite Email: [email protected] Agency Contact: Marjorie D. Ruhf Interim Final Rule 04/15/05 70 FR 19888 RIN: 1513–AA05 Phone: 202 927–8210 Interim Final Rule 04/15/05 Fax: 202 927–8525 Effective Email: [email protected] 2408. IMPLEMENTATION OF PUBLIC Interim Final Rule 06/15/05 RIN: 1513–AA08 Comment Period LAW 105–34, SECTION 1416, End RELATING TO REFUND OF TAX FOR Final Rule 12/00/07 DOMESTIC WINE RETURNED TO 2410. TAX–PAID DISTILLED SPIRITS BOND REGARDLESS OF USED IN MANUFACTURING Regulatory Flexibility Analysis MERCHANTABILITY (TAXPAYER PRODUCTS UNFIT FOR BEVERAGE Required: No RELIEF ACT OF 1997) USE Small Entities Affected: No Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 24.66; 27 CFR Government Levels Affected: None CFR Citation: 27 CFR 17 24.295; 27 CFR 24.312 Timetable: Agency Contact: Linda W. Chapman Timetable: Phone: 202 927–8210 Action Date FR Cite Fax: 202 927–8525 Action Date FR Cite NPRM 12/00/07 Email: [email protected] Interim Final Rule To Be Determined Regulatory Flexibility Analysis RIN: 1513–AA99 Regulatory Flexibility Analysis Required: No Required: No Small Entities Affected: No Small Entities Affected: No 2407. IMPLEMENTATION OF WINE Government Levels Affected: CREDIT PROVISIONS OF PUBLIC LAW Government Levels Affected: None None 104–188 Agency Contact: Marjorie D. Ruhf Agency Contact: Linda W. Chapman Phone: 202 927–8210 Phone: 202 927–8181 Priority: Substantive, Nonsignificant Fax: 202 927–8525 Fax: 202 927–8525 CFR Citation: 27 CFR 24.278; 27 CFR Email: [email protected] Email: [email protected] 24.279 RIN: 1513–AA06 RIN: 1513–AA37

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

2411. WAHLUKE SLOPE Email: [email protected] Small Entities Affected: No VITICULTURAL AREA RIN: 1513–AA26 Government Levels Affected: None Priority: Routine and Frequent Agency Contact: Linda W. Chapman CFR Citation: 27 CFR 9 2414. SHIPMENTS OF TOBACCO Phone: 202 927–8181 Completed: PRODUCTS OR CIGARETTE PAPERS Fax: 202 927–8525 OR TUBES WITHOUT PAYMENT OF Email: [email protected] Reason Date FR Cite TAX RIN: 1513–AA49 Final Rule 12/07/05 70 FR 72707 Priority: Substantive, Nonsignificant Final Rule Effective 01/06/06 CFR Citation: 27 CFR 40; 27 CFR 275 2417. IN–TRANSIT STOPS OF Regulatory Flexibility Analysis TOBACCO PRODUCTS, AND Required: No Completed: CIGARETTE PAPERS AND TUBES Small Entities Affected: No Reason Date FR Cite WITHOUT PAYMENT OF TAX Government Levels Affected: None Withdrawn 02/10/06 Priority: Substantive, Nonsignificant Agency Contact: Nancy Sutton Regulatory Flexibility Analysis CFR Citation: 27 CFR 40; 27 CFR 44 Phone: 415 271–1254 Required: No Completed: Fax: 707–778–6349 Small Entities Affected: No Email: [email protected] Reason Date FR Cite Government Levels Affected: None RIN: 1513–AB01 Withdrawn 02/10/06 Agency Contact: Linda W. Chapman Phone: 202 927–8181 Regulatory Flexibility Analysis 2412. PROHIBITED MARKS ON Fax: 202 927–8525 Required: No PACKAGES OF TOBACCO Email: [email protected] Small Entities Affected: No PRODUCTS AND CIGARETTE PAPERS RIN: 1513–AA27 AND TUBES IMPORTED OR Government Levels Affected: None BROUGHT INTO THE UNITED STATES Agency Contact: Linda W. Chapman Priority: Substantive, Nonsignificant 2415. PROPOSED RED HILL Phone: 202 927–8181 DOUGLAS COUNTY, OREGON Fax: 202 927–8525 CFR Citation: 27 CFR 275 AMERICAN VITICULTURAL AREA Email: [email protected] Completed: Priority: Routine and Frequent RIN: 1513–AA52 Reason Date FR Cite CFR Citation: 27 CFR 9 Withdrawn 02/10/06 Completed: 2418. PETITION NO. 2 TO EXPAND THE RUSSIAN RIVER VALLEY Regulatory Flexibility Analysis Reason Date FR Cite Required: No VITICULTURAL AREA Final Rule 10/14/05 70 FR 59996 Priority: Routine and Frequent Small Entities Affected: Businesses Final Rule Effective 11/14/05 CFR Citation: 27 CFR 9 Government Levels Affected: None Regulatory Flexibility Analysis Agency Contact: Linda W. Chapman Required: No Completed: Phone: 202 927–8181 Small Entities Affected: No Reason Date FR Cite Fax: 202 927–8525 Email: [email protected] Government Levels Affected: None Final Rule 09/08/05 70 FR 53297 Final Rule Effective 10/11/05 RIN: 1513–AA14 Agency Contact: Nancy Sutton Phone: 202 927–8210 Regulatory Flexibility Analysis Fax: 202 927–8525 Required: No 2413. REGULATORY CHANGES FROM Email: [email protected] Small Entities Affected: CUSTOMS SERVICE FINAL RULE No RIN: 1513–AA39 Government Levels Affected: None Priority: Substantive, Nonsignificant Agency Contact: CFR Citation: 27 CFR 44 Nancy Sutton 2416. MARKS, LABELS, NOTICES, Phone: 202 927–8210 Completed: AND BONDS FOR, AND REMOVAL OF, Fax: 202 927–8525 TOBACCO PRODUCTS, AND Reason Date FR Cite Email: [email protected] CIGARETTE PAPERS AND TUBES Withdrawn 02/10/06 Related RIN: Related to 1513–AA68 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis RIN: 1513–AA67 CFR Citation: Required: No 27 CFR 40; 27 CFR 275 Completed: Small Entities Affected: No 2419. PETITION TO ESTABLISH Reason Date FR Cite ‘‘TEXOMA’’ AS A VITICULTURAL Government Levels Affected: None AREA Agency Contact: Linda W. Chapman Withdrawn 02/10/06 Phone: 202 927–8181 Regulatory Flexibility Analysis Priority: Routine and Frequent Fax: 202 927–8525 Required: No CFR Citation: 27 CFR 9

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TREAS—TTB Completed Actions

Completed: Regulatory Flexibility Analysis Fax: 202 927–8525 Reason Date FR Cite Required: No Email: [email protected] Small Entities Affected: No Final Rule 12/07/05 70 FR 72713 RIN: 1513–AA95 Final Rule Effective 01/06/06 Government Levels Affected: None Regulatory Flexibility Analysis Agency Contact: Nancy Sutton 2422. NIAGARA ESCARPMENT Required: No Phone: 202 927–8210 VITICULTURAL AREA Fax: 202 927–8525 Small Entities Affected: No Email: [email protected] Priority: Routine and Frequent Government Levels Affected: None RIN: 1513–AA94 CFR Citation: 27 CFR 9 Agency Contact: Jennifer Berry Completed: Phone: 540 344–9333 2421. DOS RIOS VITICULTURAL AREA Reason Date FR Cite Fax: 540 344–5855 Priority: Routine and Frequent Email: [email protected] Final Rule 09/08/05 70 FR 53300 CFR Citation: 27 CFR 9 Final Rule Effective 10/11/05 RIN: 1513–AA77 Completed: Regulatory Flexibility Analysis Reason Date FR Cite Required: No 2420. RAMONA VALLEY VITICULTURAL AREA Final Rule 10/14/05 70 FR 59993 Small Entities Affected: No Final Rule Effective 11/14/05 Priority: Routine and Frequent Government Levels Affected: None Regulatory Flexibility Analysis Agency Contact: Jennifer Berry CFR Citation: 27 CFR 9 Required: No Phone: 540 344–9333 Completed: Small Entities Affected: No Fax: 540 344–5855 Reason Date FR Cite Government Levels Affected: None Email: [email protected] Final Rule 12/07/05 70 FR 72717 Agency Contact: Nancy Sutton RIN: 1513–AA97 Final Rule Effective 01/06/06 Phone: 202 927–8210 BILLING CODE 4810—33—S

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

2423. ACCURACY AND INTEGRITY OF Supervision, the National Credit Union Regulatory Flexibility Analysis INFORMATION FURNISHED TO A Administration, and the Federal Trade Required: No CONSUMER REPORTING AGENCY Commission, has jointly issued an Small Entities Affected: No Priority: Substantive, Nonsignificant advance notice of proposed rulemaking, section 312 of the FACT Act relating Government Levels Affected: None Legal Authority: 12 USC 1 et seq; 12 to the accuracy and integrity of the USC 24 (seventh); 12 USC 93a; 12 USC information furnished to a consumer Agency Contact: Patrick T. Tierney, 481; 12 USC 484; 12 USC 1818; 15 USC reporting agency and the ability of Senior Attorney, Department of the 1681a; 15 USC 1681b; 15 USC 1681s; consumers to dispute information Treasury, Comptroller of the Currency, 15 USC 1681s–2; 15 USC 1681w; 15 directly with persons that furnish USC 6801; 15 USC 6805 Legislative and Regulatory Activities information to a consumer reporting Division, 250 E Street SW., agency. CFR Citation: Not Yet Determined Washington, DC 20219 Legal Deadline: None Timetable: Phone: 202 874–5090 Abstract: OCC, along with the Board Action Date FR Cite Fax: 202 874–4889 of Governors of the Federal Reserve ANPRM 03/22/06 71 FR 14419 Email: [email protected] System, the Federal Deposit Insurance ANPRM Comment 05/22/06 RIN: 1557–AC89 Corporation, the Office of Thrift Period End

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

2424. REGULATORY BURDEN 12 USC 1 et seq.; 12 USC 24; 12 USC 1817 to 1818; 12 USC 1820 to 1821; REDUCTION AND TECHNICAL 24a; 12 USC 71; 12 USC 71a; 12 USC 12 USC 1831m; 12 USC 1831p–1; 12 AMENDMENTS 84; 12 USC 92 to 92a; 12 USC 93 to USC 1831o; 12 USC 1833e; 12 USC 93a; 12 USC 161; 12 USC 164; 12 USC 1867; 12 USC 1951 et seq.; 12 USC Priority: Substantive, Nonsignificant 215a–2; 12 USC 215a–3; 12 USC 375a 1972; 12 USC 2601 et seq.; 12 USC Legal Authority: 5 USC 301; 5 USC to 375b; 12 USC 481 to 482; 12 USC 2801 et seq.; 12 USC 2901 et seq.; 12 504; 5 USC 552; 5 USC 554 to 557; 484; 12 USC 505; 12 USC 1442; 12 USC USC 3101 et seq.; 12 USC 3102; 12 USC

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TREAS—OCC Proposed Rule Stage

3108; 12 USC 3401 et seq.; 12 USC Phone: 202 874–5090 the consumer report pertains. In 3909; 12 USC 4717; 15 USC 77uu; 15 Fax: 202 874–4889 addition, the regulation must require a USC 78; 15 USC 78o–4; 15 USC 78o–5; Email: [email protected] user that establishes a continuing 15 USC 78q; 15 USC 78q–1; 15 USC RIN: 1557–AC79 relationship with a consumer to furnish 78s; 15 USC 78u–2; 15 USC 78u–3; 15 to the consumer reporting agency that USC 78w; 18 USC 641; 18 USC provided the notice of discrepancy the 1905–1906; 28 USC 2461 note; 29 USC 2425. IDENTITY THEFT DETECTION, correct address of the consumer as part 1204; 31 USC 330; 31 USC 5321; 31 PREVENTION, AND MITIGATION of the information that the user USC 9701; 42 USC 3601; 42 USC PROGRAM FOR FINANCIAL regularly furnishes for the period in 4012a; 42 USC 4104a; 42 USC 4104b; INSTITUTIONS AND CREDITORS which the relationship is established. 42 USC 4106; 42 USC 4128; 44 USC Priority: Substantive, Nonsignificant. Timetable: 3506; 44 USC 3510 Major status under 5 USC 801 is Action Date FR Cite CFR Citation: 12 CFR 1 to 5; 12 CFR undetermined. 7; 12 CFR 9 to 11; 12 CFR 16; 12 CFR Unfunded Mandates: Undetermined NPRM 05/00/06 19; 12 CFR 21; 12 CFR 22 to 23; 12 Legal Authority: 15 USC 1681c; 15 Regulatory Flexibility Analysis CFR 26 to 28; 12 CFR 31 to 32; 12 Required: Undetermined CFR 37; 12 CFR 40 USC 1681m Government Levels Affected: None Legal Deadline: None CFR Citation: 12 CFR 41 Agency Contact: Deborah Katz, Senior Abstract: Legal Deadline: None This rulemaking would revise Counsel, Department of the Treasury, Abstract: the OCC’s rules in order to reduce OCC, the Board of Governors Comptroller of the Currency, Legislative regulatory burden and make technical, of the Federal Reserve System, the and Regulatory Activities Division, 250 clarifying, and conforming changes. Federal Deposit Insurance Corporation, E Street SW., Washington, DC 20219 The revisions would update part 1 to the Office of Thrift Supervision (the Phone: 202 874–5090 codify recent OCC precedents and Federal Banking Agencies), the Fax: 202 874–4889 clarify current requirements, make National Credit Union Administration, Email: [email protected] technical changes to parts 4 and 5 to and the Federal Trade Commission are reflect the OCC’s recent organizational issuing a joint proposal to establish RIN: 1557–AC87 restructuring; simplify, clarify, and guidelines and regulations to make conforming and technical implement section 114 of the FACT Act 2426. IMPLEMENTATION OF A corrections to the OCC’s corporate of 2003. Section 114 requires the REVISED BASEL CAPITAL ACCORD application procedures and standards Federal Banking Agencies to jointly (BASEL II) in part 5; conform parts 5, 23, 31 and issue guidelines for financial 32 to the Federal Reserve Board’s institutions and creditors identifying Priority: Economically Significant. Regulation W; revise part 7 to clarify patterns, practices, and specific forms Major status under 5 USC 801 is and expand the scope of a national of activity that indicate the possible undetermined. bank’s authority to act as a guarantor existence of identity theft. In addition, Legal Authority: 12 USC 93a; 12 USC or surety; to update and clarify national the Federal Banking Agencies must 3907 bank authority to engage in electronic issue regulations requiring each CFR Citation: 12 CFR 3 activities; conform part 9 to regulations financial institution and creditor to adopted by the Securities and Exchange establish reasonable policies and Legal Deadline: None Commission; streamline certain procedures to implement the Abstract: As part of OCC’s ongoing requirements under part 16; update and guidelines. The regulations must efforts to develop and refine capital make technical corrections to part 37; contain a provision requiring a card standards to ensure the safety and and amend various parts of title 12 to issuer to notify the cardholder if the soundness of the national banking remove OCC authority over District of card issuer receives a notice of change system and to implement statutory Columbia-chartered banks pursuant to of address for an existing account, and requirements, OCC is amending various the 2004 District of Columbia Omnibus a short time later receives a request for provisions of the capital rules for Authorization Act. an additional or replacement card. national banks. This change involves Timetable: Section 315 of the FACT Act requires the implementation of the new framework for the Basel Capital Accord Action Date FR Cite the Agencies to issue a regulation describing reasonable polices and (Basel II). OCC is conducting this NPRM 08/00/06 procedures for a user of consumer rulemaking jointly with the other Regulatory Flexibility Analysis credit reports that receives a notice of Federal Banking Agencies. Required: No discrepancy from a consumer reporting Timetable: agency (CRA), informing the user of a Small Entities Affected: No Action Date FR Cite substantial discrepancy between the Government Levels Affected: None address for the consumer that the user ANPRM 08/04/03 68 FR 45900 Agency Contact: Heidi M. Thomas, provided to request the consumer NPRM 05/00/06 Special Counsel, Department of the report and the addresses in the file of Regulatory Flexibility Analysis Treasury, Comptroller of the Currency, the CRA. The policies and procedures Required: No Legislative and Regulatory Activities must enable the user to form a Division, 250 E Street SW., reasonable belief that the user knows Small Entities Affected: No Washington, DC 20219 the identity of the consumer to whom Government Levels Affected: None

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TREAS—OCC Proposed Rule Stage

Agency Contact: Ron Shimabukuro, Timetable: to Treading Activities and the Special Counsel, Department of the Action Date FR Cite Treatment of Double Default (April Treasury, Comptroller of the Currency, 2005). This proposal is part of a joint Legislative and Regulatory Activities ANPRM 10/20/05 70 FR 61068 Agency notice of proposed rule with Division, 250 E Street SW., ANPRM Comment 01/18/06 the other Federal Banking Agencies to Washington, DC 20219 Period End make the current market risk capital NPRM 06/00/06 Phone: 202 874–5090 requirements generally more risk Fax: 202 874–4889 Regulatory Flexibility Analysis sensitive with respect to the capital Email: [email protected] Required: Undetermined treatment of trading activities in banks Government Levels Affected: None and bank holding companies. Related RIN: Split from 1557–AB14 Specifically, the Federal Banking Agency Contact: Laura Goldman, Agencies propose to require banks to Counsel, Department of the Treasury, RIN: 1557–AC91 hold additional capital for the risk of Comptroller of the Currency, Legislative default of trading positions beyond the and Regulatory Activities Division, 250 10-day horizon currently required by 2427. RISK–BASED CAPITAL E Street SW., Washington, DC 20219 the current market risk capital GUIDELINES; CAPITAL ADEQUACY Phone: 202 874–5090 requirement. A bank may develop its GUIDELINES; CAPITAL Fax: 202 874–4889 own approach or use an approach MAINTENANCE: DOMESTIC CAPITAL Email: [email protected] MODIFICATIONS similar to that for credit risk of its non- RIN: 1557–AC95 trading positions to calculate the Priority: Other Significant capital charge. 2428. ∑ RISK–BASED CAPITAL Legal Authority: 12 USC 93a; 12 USC Timetable: STANDARDS: MARKET RISK 3907 Action Date FR Cite Priority: Substantive, Nonsignificant. CFR Citation: 12 CFR 3 Major status under 5 USC 801 is NPRM 05/00/06 undetermined. Legal Deadline: None Regulatory Flexibility Analysis Legal Authority: 12 U.S.C. 1 et seq; 12 Required: No Abstract: As part of OCC’s ongoing U.S.C. 93a; 12 U.S.C. 161; 12 U.S.C. Small Entities Affected: No efforts to develop and refine the capital 1818; 12 U.S.C. 3907; 12 U.S.C. 3909 standards to enhance their risk CFR Citation: 12 CFR 3 Government Levels Affected: None sensitivity and ensure the safety and Agency Contact: Ron Shimabukuro, soundness of the national banking Legal Deadline: None Special Counsel, Department of the system, OCC is proposing to amend Abstract: As part of the ongoing effort Treasury, Comptroller of the Currency, various provisions of the capital rules. to implement the Basel II capital Legislative and Regulatory Activities This change involves the amendment framework, the OCC is proposing to Division, 250 E Street SW., of the current risk-based capital rules amend the current market risk capital Washington, DC 20219 for those banks that will not qualify requirements for national banks. See Phone: 202 874–5090 to use the new Basel Capital Accord the International Convergence of Fax: 202 874–4889 (Basel II) capital framework. OCC is Capital Measurement and Capital Email: [email protected] conducting this rulemaking jointly with Standards: A Revised Framework (June the other Federal Banking Agencies. 2004) and the Application of Basel II RIN: 1557–AC99

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

2429. FAIR CREDIT REPORTING: Abstract: OCC plans to issue a Regulatory Flexibility Analysis AFFILIATE MARKETING rulemaking that would implement the Required: No REGULATIONS affiliate-sharing provisions of section Government Levels Affected: None Priority: Other Significant. Major status 214 of the Fair and Accurate Credit under 5 USC 801 is undetermined. Transactions Act (FACT Act). The Agency Contact: Patrick T. Tierney, regulation would implement the Legal Authority: Senior Attorney, Department of the 12 USC 1 et seq; 12 consumer notice and opt-out provisions USC 24 (seventh); 12 USC 93a; 12 USC Treasury, Comptroller of the Currency, of the FACT Act regarding the sharing 481; 12 USC 484; 12 USC 1818; 15 USC Legislative and Regulatory Activities of consumer information among 1681a; 15 USC 1681b; 15 USC 1681s; Division, 250 E Street SW., affiliates for marketing purposes. 15 USC 1681w; 15 USC 6801; 15 USC Washington, DC 20219 6805; PL 108–159 Timetable: Phone: 202 874–5090 CFR Citation: 12 CFR 41 Fax: 202 874–4889 Action Date FR Cite Email: [email protected] Legal Deadline: Other, Statutory, NPRM 07/15/04 69 FR 42502 September 4, 2004, See section 214 of RIN: 1557–AC88 the FACT Act, PL 108–159. Final Action 06/00/06

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TREAS—OCC Final Rule Stage

2430. ASSESSMENT OF FEES be due by March 31 and September 30 Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant. of each year, 2 months later than under Required: No the current system. OCC will notify Major status under 5 USC 801 is Small Entities Affected: No undetermined. each national bank of the amount of its assessment and will automatically Government Levels Affected: None Legal Authority: 12 USC 93a; 12 USC deduct that amount from each bank’s 481; 12 USC 482; 12 USC 1867; 12 USC designated bank account on the Agency Contact: Jean Campbell, Senior 3102; 12 USC 3108; 15 USC 78c; 15 payment due date. The rule makes no Attorney, Department of the Treasury, USC 78l changes to the method of calculating Comptroller of the Currency, Legislative CFR Citation: 12 CFR 8 the assessments. and Regulatory Activities Division, 250 Legal Deadline: None Timetable: E Street SW., Washington, DC 20219 Abstract: OCC is planning to issue a Action Date FR Cite Phone: 202 874–5090 Fax: 202 874–4889 final rule to revise the current process Interim Final Rule 11/17/05 70 FR 69641 of assessment invoicing in part 8. Interim Final Rule 12/19/05 Email: [email protected] Under the rule, OCC, rather than each Comment Period RIN: 1557–AC96 national bank, will calculate the End semiannual assessment fee. The fee will Final Action 05/00/06

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

2431. RECORDKEEPING Agency Contact: Stuart E. Feldstein Timetable: REQUIREMENTS FOR BANK Phone: 202 874–5090 Action Date FR Cite EXCEPTIONS FROM SECURITIES Fax: 202 874–4889 ANPRM 12/30/03 68 FR 75164 BROKER OR DEALER REGISTRATION Email: [email protected] ANPRM Comment 03/29/04 Priority: Substantive, Nonsignificant RIN: 1557–AB93 Period End CFR Citation: Not Yet Determined NPRM To Be Determined Regulatory Flexibility Analysis Timetable: 2432. INTERAGENCY PROPOSAL TO Required: No Action Date FR Cite CONSIDER ALTERNATIVE FORMS OF Government Levels Affected: None NPRM To Be Determined PRIVACY NOTICES UNDER THE GRAMM–LEACH–BLILEY ACT Agency Contact: Heidi M. Thomas Regulatory Flexibility Analysis Phone: 202 874–5090 Required: No Priority: Substantive, Nonsignificant Fax: 202 874–4889 Small Entities Affected: No CFR Citation: 12 CFR 40 Email: [email protected] Government Levels Affected: None RIN: 1557–AC80

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

2433. FAIR CREDIT REPORTING: USE Email: [email protected] Agency Contact: Ron Shimabukuro OF MEDICAL INFORMATION RIN: 1557–AC85 Phone: 202 874–5090 Priority: Other Significant Fax: 202 874–4889 Email: [email protected] CFR Citation: 12 CFR 41 2434. SECURITIES BORROWING Completed: TRANSACTIONS Related RIN: Split from 1557–AB14 Priority: Substantive, Nonsignificant Reason Date FR Cite RIN: 1557–AC90 CFR Citation: 12 CFR 3 Final Action 11/22/05 70 FR 70664 Correction 12/22/05 70 FR 75931 Completed: 2435. ONE–YEAR Regulatory Flexibility Analysis Reason Date FR Cite POST–EMPLOYMENT RESTRICTIONS Required: No Final Action 02/22/06 71 FR 8932 FOR SENIOR EXAMINERS Small Entities Affected: No Final Action Effective 02/22/06 Priority: Substantive, Nonsignificant Government Levels Affected: None Regulatory Flexibility Analysis Required: No CFR Citation: 12 CFR 4; 12 CFR 19 Agency Contact: Patrick T. Tierney Phone: 202 874–5090 Small Entities Affected: No Fax: 202 874–4889 Government Levels Affected: None

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TREAS—OCC Completed Actions

Completed: 12 CFR 19; 12 CFR 21 to 22; 12 CFR 2437. SECURITIES OFFERING Reason Date FR Cite 26 to 28; 12 CFR 40 DISCLOSURE RULES; NONPUBLIC OFFERINGS Final Action 11/17/05 70 FR 69633 Completed: Final Action Effective 12/17/05 Priority: Substantive, Nonsignificant Reason Date FR Cite Regulatory Flexibility Analysis CFR Citation: 12 CFR 16 Required: No Merged With 11/01/05 Completed: 1557–AC79 Small Entities Affected: No Reason Date FR Cite Regulatory Flexibility Analysis Government Levels Affected: None Required: No Merged With 11/01/05 Agency Contact: Mitchell Plave 1557–AC79 Phone: 202 874–5090 Small Entities Affected: No Regulatory Flexibility Analysis Fax: 202 874–4889 Required: No Email: [email protected] Government Levels Affected: None Small Entities Affected: No RIN: 1557–AC94 Agency Contact: Heidi M. Thomas Government Levels Affected: None Phone: 202 874–5090 Agency Contact: Jean Campbell 2436. DISTRICT OF Fax: 202 874–4889 Email: [email protected] Phone: 202 874–5090 COLUMBIA–CHARTERED BANKS Fax: 202 874–4889 Priority: Substantive, Nonsignificant RIN: 1557–AC97 Email: [email protected] CFR Citation: 12 CFR 1–3; 12 CFR 5; RIN: 1557–AC98 12 CFR 8; 12 CFR 10–11; 12 CFR 16; BILLING CODE 4830—01—S

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

2438. CLARIFICATION OF CC:INTL Timetable: TREATMENT OF SEPARATE Agency Contact: Richard L. Chewning, Action Date FR Cite LIMITATION LOSSES Senior Counsel, Department of the NPRM 12/00/06 Priority: Substantive, Nonsignificant Treasury, Internal Revenue Service, Regulatory Flexibility Analysis Legal Authority: 26 USC 7805 1111 Constitution Avenue NW, Washington, DC 20224 Required: No CFR Citation: 26 CFR 1 Phone: 202 622–3850 Small Entities Affected: No Legal Deadline: None RIN: 1545–AM11 Government Levels Affected: None Abstract: Section 1203 of the Tax Reform Act of 1986 amends section Additional Information: REG-209006-89 2439. OUTBOUND TRANSFERS OF 904(f) by adding paragraph (f)(5) at the (INTL-089-89) PROPERTY TO FOREIGN end thereof, which requires that foreign CORPORATIONS Drafting attorney: Milton Cahn (202) source losses with respect to any 622-3860 income category first offset a taxpayer’s Priority: Substantive, Nonsignificant Reviewing attorney: Charles P. Besecky other foreign source income before such Legal Authority: 26 USC 7805; 26 USC (202) 622-3860 losses offset the taxpayer’s U.S. source 367 income. The regulation will provide CFR Citation: 26 CFR 1 CC:INTL rules for the allocation of foreign source Legal Deadline: None Agency Contact: Milton M. Cahn, losses. Attorney–Advisor, Department of the Timetable: Abstract: The income tax regulations Treasury, Internal Revenue Service, under section 367(a) will be amended Action Date FR Cite 1111 Constitution Avenue NW, to reflect the changes made to that Washington, DC 20224 NPRM 12/00/06 section by the Technical and Phone: 202 622–3860 Regulatory Flexibility Analysis Miscellaneous Corrections Act of 1988. RIN: 1545–AM97 Required: No Section 367(a)(5) now provides that a transfer of assets to a foreign Small Entities Affected: No corporation in an exchange described 2440. FOREIGN INSURANCE Government Levels Affected: None in section 361 is subject to section COMPANY—DOMESTIC ELECTION Additional Information: 367(a)(1), unless certain ownership REG-209044-89 Priority: Substantive, Nonsignificant (INTL-338-89) requirements and other conditions are met. The regulations will provide Legal Authority: 26 USC 7805; 26 USC Drafting attorney: Richard L. Chewning guidance regarding the application of 953 (202) 622-3850 this section. The change in the statute Reviewing attorney: Barbara A. Felker was necessitated by the repeal of CFR Citation: 26 CFR 1 (202) 622-3850 ‘‘General Utilities.’’ Legal Deadline: None

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TREAS—IRS Proposed Rule Stage

Abstract: This regulation will provide Treasury attorney: Patricia Brown (202) CFR Citation: 26 CFR 1 substantive and procedural rules 622-1781 Legal Deadline: None regarding the election under section CC:INTL 953(d) to treat certain controlled foreign Abstract: The regulations define the corporations engaged in the insurance Agency Contact: Theodore D. Setzer, term ‘‘highly compensated employee’’ business as domestic corporations. Attorney–Advisor, Department of the under section 414(q) of the Code. Treasury, Internal Revenue Service, Temporary and proposed regulations, Timetable: 1111 Constitution Avenue NW, under sections 414(q) and 414(s), were Action Date FR Cite Washington, DC 20224 published February 19, 1988 (53 FR NPRM 12/00/06 Phone: 202 622–3870 4965). Final regulations, under section 414(s), were published September 19, RIN: 1545–AP01 Regulatory Flexibility Analysis 1991 (56 FR 47659), under project EE- Required: No 129-86. The regulations under 414(q) Small Entities Affected: No 2442. INFORMATION REPORTING AND were split off from project EE-129-86. Government Levels Affected: None RECORD MAINTENANCE It is anticipated that proposed Priority: Substantive, Nonsignificant regulations under section 414(q) will be Additional Information: REG-208980-89 published in the future under project (INTL-765-89) Legal Authority: 26 USC 7805; 26 USC REG-209558-92 (EE-32-92). 7801; 26 USC 6038C Drafting attorney: Valerie A. Mark- Timetable: Lippe (202) 622-3840 CFR Citation: 26 CFR 1 Action Date FR Cite Reviewing attorney: Phyllis Marcus Legal Deadline: None (202) 622-3840 NPRM 02/19/88 53 FR 4999 Abstract: This regulation will NPRM Comment 04/19/88 CC:INTL implement the directives of section Period End Agency Contact: Valerie A. 6038C. This will be accomplished by Partially Closed by TD 06/27/94 59 FR 32911 Mark–Lippe, Attorney–Advisor, requiring foreign corporations engaged 8548 Department of the Treasury, Internal in a U.S. business to provide specific NPRM 06/00/06 Revenue Service, 1111 Constitution information regarding related party Regulatory Flexibility Analysis Avenue NW, Washington, DC 20224 transactions. Required: No Phone: 202 622–3840 Timetable: Small Entities Affected: No RIN: 1545–AO25 Action Date FR Cite Government Levels Affected: Local, NPRM 12/00/06 State 2441. TAXATION OF GLOBAL Federalism: Undetermined TRADING Regulatory Flexibility Analysis Required: No Additional Information: REG-209558-92 Priority: Substantive, Nonsignificant Small Entities Affected: No Legal Authority: 26 USC 7805; 26 USC Drafting attorney: Christopher A. 864; 26 USC 482; 26 USC 863 Government Levels Affected: None Crouch (202) 622-6090 CFR Citation: 26 CFR 1 Additional Information: REG-208265-90 Reviewing attorney: E. Preston Rutledge (202) 622-6090 Legal Deadline: None (INTL-102-90) Drafting attorney: Gregory A. Spring Treasury attorney: W. Thomas Reeder Abstract: These regulations will (202) 622-1341 improve the taxation of global trading. (202) 622-3870 CC: TEGE Timetable: Reviewing attorney: Paul S. Epstein (202) 622-3870 Agency Contact: Christopher A. Action Date FR Cite Treasury attorney: Andrew Froberg Crouch, Attorney Advisor, Department ANPRM 08/28/90 55 FR 35152 (202) 622-1779 of the Treasury, Internal Revenue NPRM 03/06/98 63 FR 11177 Service, 1111 Constitution Avenue NW, NPRM Comment 06/04/98 CC:INTL CC: TEGE: EB: QP1, Washington, DC Period End Agency Contact: Gregory A. Spring, 20224 Hearing 07/14/98 Attorney–Advisor, Department of the Phone: 202 622–6090 Second NPRM 12/00/06 Treasury, Internal Revenue Service, Fax: 202 927–1851 Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Email: christopher.a.crouch@ Required: No Washington, DC 20224 irscounsel.treas.gov Small Entities Affected: No Phone: 202 622–3870 RIN: 1545–AQ74 Government Levels Affected: None RIN: 1545–AP10 Additional Information: REG-208299-90 2444. INTEGRATED FINANCIAL (INTL-70-90) 2443. DEFINITION OF ‘‘HIGHLY TRANSACTION COMPENSATED EMPLOYEE’’ Drafting attorney: Theodore D. Setzer Priority: Substantive, Nonsignificant (202) 622-3870 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC Reviewing attorney: Paul S. Epstein Legal Authority: 26 USC 7805; 26 USC 864 (202) 622-3870 414 CFR Citation: 26 CFR 1

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TREAS—IRS Proposed Rule Stage

Legal Deadline: None Additional Information: REG-252774-96 2447. RULES FOR SOURCING Abstract: The regulation addresses CERTAIN TRANSPORTATION Drafting attorney: M. Grace Fleeman INCOME, SPACE, OR OCEAN whether funding raised for a securities (202) 622-3880 dealing and/or trading operation, and ACTIVITY INCOME, AND RELATED FOREIGN BASE COMPANY SHIPPING whether matched book sale and Reviewing attorney: Elizabeth Karzon INCOME repurchase transactions conducted by (202) 622-3880 securities dealers qualify as integrated Priority: Substantive, Nonsignificant CC:INTL financial transactions under section Legal Authority: 26 USC 7805 1.861-10(c). Agency Contact: M. Grace Fleeman, CFR Citation: 26 CFR 1 Timetable: Senior Counsel, Department of the Legal Deadline: None Action Date FR Cite Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Abstract: The regulation provides NPRM 12/00/06 Washington, DC 20224 guidance for application of the source Regulatory Flexibility Analysis Phone: 202 622–3880 rules for transportation income under Required: No section 863(c). RIN: 1545–AU91 Small Entities Affected: No Timetable: Government Levels Affected: None Action Date FR Cite 2446. SUBSTANTIATING TRAVEL Additional Information: REG-209604-93 EXPENSE DEDUCTIONS FOR NPRM 12/00/06 (INTL-001-93) MEMBERS OF CONGRESS Regulatory Flexibility Analysis Drafting attorney: Theodore D. Setzer Required: Undetermined Priority: Substantive, Nonsignificant (202) 622-3870 Government Levels Affected: None Reviewing attorney: Paul S. Epstein Unfunded Mandates: Undetermined Additional Information: REG-115557-98 (202) 622-3870 Legal Authority: 26 USC 7805 Drafting attorney: Patricia A. Bray and Treasury attorney: Patricia Brown (202) David L. Lundy (202) 622-3880 622-1781 CFR Citation: 26 CFR 1; 26 CFR 5 Reviewing attorney: Elizabeth U. CC:INTL Legal Deadline: None Karzon (202) 622-3880 Agency Contact: Theodore D. Setzer, Abstract: This regulation provides Treasury attorney: Gretchen Sierra (202) Attorney–Advisor, Department of the 622-1755 Treasury, Internal Revenue Service, rules for the substantiation of Congress 1111 Constitution Avenue NW, members’ travel expenses. The current CC:INTL Washington, DC 20224 regulations are out of date because the Agency Contact: Patricia A. Bray, Phone: 202 622–3870 authorizing legislation was Attorney–Advisor, Department of the subsequently repealed. RIN: 1545–AR20 Treasury, Internal Revenue Service, Timetable: 1111 Constitution Avenue NW, Washington, DC 20224 2445. APPLICATION OF ATTRIBUTION Action Date FR Cite Phone: 202 622–3880 RULES TO FOREIGN TRUSTS NPRM 12/00/06 RIN: 1545–AX02 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Unfunded Mandates: Undetermined Required: No 2448. GUIDANCE ON COST Legal Authority: 26 USC 7805 RECOVERY IN THE ENTERTAINMENT Small Entities Affected: No CFR Citation: 26 CFR 1 INDUSTRY Legal Deadline: None Government Levels Affected: None Priority: Substantive, Nonsignificant Abstract: The regulations will provide Additional Information: REG-105513-97 Legal Authority: 26 USC 7805 attribution rules for foreign trusts with CFR Citation: 26 CFR 1 Drafting attorney: George Baker (202) respect to foreign personal holding Legal Deadline: None companies, foreign passive investment 622-4930 companies, and controlled foreign Abstract: This regulation relates to the Treasury attorney: Eric San Juan (202) corporations. application of the income forecast 622-0224 method under section 167(g) of the Timetable: Internal Revenue Code. CC: ITA Action Date FR Cite Timetable: NPRM 12/00/06 Agency Contact: George B. Baker, Branch Chief, Department of the Action Date FR Cite Regulatory Flexibility Analysis Treasury, Internal Revenue Service, NPRM 05/31/02 67 FR 38025 Required: No 1111 Constitution Avenue NW, Second NPRM 12/00/06 Small Entities Affected: No Washington, DC 20224 Regulatory Flexibility Analysis Government Levels Affected: None Phone: 202 622–4930 Required: No Federalism: Undetermined RIN: 1545–AV55 Small Entities Affected: No

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TREAS—IRS Proposed Rule Stage

Government Levels Affected: None 2450. AWARDING OF COSTS AND Small Entities Affected: No CERTAIN FEES Additional Information: REG-103823-99 Government Levels Affected: None Priority: Substantive, Nonsignificant Additional Information: Drafting attorney: Bernard P. Harvey, III REG-111277-99 Legal Authority: 26 USC 7805; 26 USC (202) 622-3110 Drafting attorney: Christopher A. 7430 Crouch (202) 622-6090 Reviewing attorney: Charles B. Ramsey CFR Citation: 26 CFR 1 (202) 622-3110 Reviewing attorney: E. Preston Rutledge Legal Deadline: None (202) 622-6090 Treasury attorney: George Manousos Abstract: The proposed amendments to CC: TEGE (202) 622-0865 the Treasury Regulations incorporate Agency Contact: Christopher A. CC:PSI the 1997 and 1998 amendments to 26 Crouch, Attorney Advisor, Department U.S.C. 7430, relating to the awarding of the Treasury, Internal Revenue Agency Contact: Bernard P. Harvey III, of attorney’s fees in administrative and Attorney–Advisor, Department of the Service, 1111 Constitution Avenue NW, court proceedings. The amendments to CC: TEGE: EB: QP1, Washington, DC Treasury, Internal Revenue Service, 26 U.S.C. 7430 were enacted under the 1111 Constitution Avenue NW, 20224 Taxpayer Relief Act of 1997 and the Phone: 202 622–6090 Washington, DC 20224 IRS Restructuring and Reform Act of Phone: 202 622–3110 Fax: 202 927–1851 1998. Email: christopher.a.crouch@ RIN: 1545–AX12 Timetable: irscounsel.treas.gov Action Date FR Cite RIN: 1545–AX48 2449. INSPECTION OF WRITTEN NPRM 12/00/06 DETERMINATIONS Regulatory Flexibility Analysis 2452. DEFINITION OF PASSIVE Priority: Substantive, Nonsignificant Required: No FOREIGN INVESTMENT COMPANY UNDER SECTION 1297 Unfunded Mandates: Undetermined Small Entities Affected: No Priority: Substantive, Nonsignificant Government Levels Affected: None Legal Authority: 26 USC 7805 Legal Authority: 26 USC 7805; 26 USC Additional Information: REG-111833-99 CFR Citation: 26 CFR 301 1297 Drafting attorney: Tami C. Belouin CFR Citation: 26 CFR 1 Legal Deadline: None (202) 622-3847 Legal Deadline: None Abstract: This regulation amends Reviewing attorneys: Susan T. Mosley Treasury Regulation sections 301.6110- (202) 622-7950 and Henry S. Abstract: This regulation defines a 1 through 301.6110-7 relating to written Schneiderman (202) 622-3400 passive foreign investment company determinations. (PFIC) under section 1297(a) and the Treasury attorney: Michael Desmond terms ‘‘passive income’’ and ‘‘passive Timetable: (202) 622-1981 asset’’ under section 1297(b). The Action Date FR Cite CC:PA:APJ regulation will also set forth the exceptions to the terms ‘‘passive NPRM 06/00/06 Agency Contact: Tami C. Belouin, Attorney–Advisor, Department of the income’’ and ‘‘passive asset,’’ and Regulatory Flexibility Analysis Treasury, Internal Revenue Service, provide guidance on the applicability Required: No 1111 Constitution Avenue NW, of the look-through rule under section Washington, DC 20224 1297(c), in cases involving PFICs that Small Entities Affected: No Phone: 202 622–3847 own 25 percent or more of a lower- tier foreign subsidiary. In addition, the Government Levels Affected: None RIN: 1545–AX46 regulation will provide guidance under Additional Information: REG-113129-98 section 1297(e), regarding the overlap Drafting attorney: Deborah C. Lambert- 2451. HIGHLY COMPENSATED rule between a controlled foreign Dean (202) 622-4570 EMPLOYEE corporation and a PFIC. Priority: Substantive, Nonsignificant Timetable: Reviewing attorney: Donald Squires (202) 622-4570 Legal Authority: 26 USC 414 Action Date FR Cite CFR Citation: Treasury attorney: Michael Desmond 26 CFR 1 NPRM 12/00/06 (202) 622-1981 Legal Deadline: None Regulatory Flexibility Analysis Required: No CC:PA:DPL Abstract: This regulation will provide the definition of highly compensated Small Entities Affected: No Agency Contact: Deborah C. employee. Government Levels Affected: None Lambert–Dean, Attorney–Advisor, Timetable: Department of the Treasury, Internal Additional Information: REG-100427-00 Revenue Service, 1111 Constitution Action Date FR Cite Drafting attorney: Ethan A. Atticks Avenue NW, Washington, DC 20224 NPRM 12/00/06 (202) 622-3840 Phone: 202 622–4570 Regulatory Flexibility Analysis Reviewing attorney: Valerie A. Mark RIN: 1545–AX40 Required: No Lippe (202) 622-3840

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TREAS—IRS Proposed Rule Stage

Treasury attorney: David Ernick (202) 2454. TAXABLE YEARS OF Additional Information: REG-107580-00 622-1754 CONTROLLED FOREIGN CORPORATIONS (CFCS) AND Drafting attorney: Scott H. Rabinowitz CC:INTL FOREIGN PERSONAL HOLDING (202) 622-4970 COMPANIES (FPHCS) Reviewing attorney: Jeffery G. Mitchell Agency Contact: Ethan A. Atticks, (202) 622-4970 Attorney–Advisor, Department of the Priority: Substantive, Nonsignificant Treasury, Internal Revenue Service, Legal Authority: 26 USC 7805; 26 USC Treasury attorney: Sharon Kay (202) 1111 Constitution Avenue NW, 898 622-0865 Washington, DC 20224 CFR Citation: 26 CFR 1 CC:ITA Phone: 202 622–3840 Legal Deadline: None Agency Contact: Scott H. Rabinowitz, RIN: 1545–AX78 Abstract: This regulation will provide Attorney–Advisor, Department of the definitions and rules for determining Treasury, Internal Revenue Service, the required year for certain CFCs. 1111 Constitution Avenue NW, 2453. CLARIFICATION OF Washington, DC 20224 Timetable: FOREIGN–BASED COMPANY SALES Phone: 202 622–4970 INCOME RULES Action Date FR Cite RIN: 1545–AY39 Priority: Substantive, Nonsignificant NPRM 12/00/06 Regulatory Flexibility Analysis Legal Authority: 26 USC 7805; 26 USC 2456. SPECIAL RULES RELATING TO Required: No 954 TRANSFERS OF INTANGIBLES TO Small Entities Affected: No FOREIGN CORPORATIONS CFR Citation: 26 CFR 1 Government Levels Affected: None Priority: Substantive, Nonsignificant Legal Deadline: None Additional Information: REG-108523-00 Legal Authority: 26 USC 7805; 26 USC Abstract: This regulation clarifies when Drafting attorney: Jeffrey L. Vinnik 367 (202) 622-3840 a controlled foreign corporation cannot CFR Citation: 26 CFR 1 exclude sales income from foreign- Reviewing attorney: Phyllis Marcus based company sales income under the (202) 622-3840 Legal Deadline: None manufacturing exception by reason of CC:INTL Abstract: The regulations will address activities of a contract manufacturer. the income tax consequences relating Likewise, the branch rule under IRC Agency Contact: Jeffrey L. Vinnik, to the transfer of intangibles to foreign section 954(d)(2) does not apply to a Attorney–Advisor, Department of the corporations. Treasury, Internal Revenue Service, contract manufacturer. 1111 Constitution Avenue NW, Timetable: Timetable: Washington, DC 20224 Action Date FR Cite Phone: 202 622–3840 Action Date FR Cite NPRM 12/00/06 RIN: 1545–AY30 NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Regulatory Flexibility Analysis 2455. DOLLAR–VALUE LIFO Small Entities Affected: No Required: No Priority: Substantive, Nonsignificant Government Levels Affected: None Small Entities Affected: No Unfunded Mandates: Undetermined Legal Authority: 26 USC 472; 26 USC Federalism: Undetermined Government Levels Affected: None 7805 Additional Information: REG-106877-00 Additional Information: REG-106356-00 CFR Citation: 26 CFR 1 Drafting attorney: Tracy D. Perry (202) Drafting attorney: Valerie A. Mark- Legal Deadline: None 622-3860 Lippe (202) 622-3840 Abstract: This regulation will provide Reviewing attorney: Thomas D. Beem guidance under the dollar-value last-in, (202) 622-3860 Reviewing attorney: Phyllis E. Marcus first-out (LIFO) inventory method for (202) 622-3840 taxpayers that define LIFO items based Treasury attorney: David Ernick (202) 622-1754 CC:INTL on components of cost. Timetable: CC:INTL Agency Contact: Valerie A. Mark–Lippe, Attorney–Advisor, Action Date FR Cite Agency Contact: Tracy D. Perry, Department of the Treasury, Internal NPRM 12/00/06 Attorney–Advisor, Department of the Revenue Service, 1111 Constitution Treasury, Internal Revenue Service, Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Avenue NW, Washington, DC 20224 Required: No Washington, DC 20224 Phone: 202 622–3840 Small Entities Affected: Businesses Phone: 202 622–3860 RIN: 1545–AX91 Government Levels Affected: None RIN: 1545–AY41

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TREAS—IRS Proposed Rule Stage

2457. PREVIOUSLY TAXED EARNINGS Government Levels Affected: None 2460. TRANSACTIONS INVOLVING AND PROFITS UNDER SUBPART F OBLIGATIONS OF CONSOLIDATED Additional Information: REG-100818-01 Priority: Substantive, Nonsignificant GROUP MEMBERS Drafting attorney: Douglas C. Bates Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined (202) 622-7550 Legal Authority: Legal Authority: 26 USC 7805; 26 USC 26 USC 7805; 26 USC Reviewing attorney: Debra Carlisle 1502 959 (202) 622-7550 CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 CC: COR Legal Deadline: None Legal Deadline: None Agency Contact: Douglas C. Bates, Abstract: The proposed regulations are Abstract: This regulation will address Attorney–Advisor, Department of the in regard to intercompany obligations. the determination of previously taxed Treasury, Internal Revenue Service, earnings and profits under subpart F. 1111 Constitution Avenue NW, Timetable: Timetable: Washington, DC 20224 Action Date FR Cite Phone: 202 622–7550 Action Date FR Cite NPRM 05/00/06 RIN: 1545–AY74 NPRM 12/00/06 Regulatory Flexibility Analysis Required: Regulatory Flexibility Analysis No Required: No 2459. DISCLOSURE OF RETURNS Small Entities Affected: No AND RETURN INFORMATION IN Small Entities Affected: No JUDICIAL AND ADMINISTRATIVE TAX Government Levels Affected: None Government Levels Affected: None PROCEEDINGS Additional Information: REG-107592-00 Additional Information: REG-121509-00 Priority: Substantive, Nonsignificant Drafting attorney: Frances L. Kelly (202) 622-7072 Drafting attorney: Jeffrey L. Vinnik Unfunded Mandates: Undetermined (202) 622-3840 Reviewing attorney: Michael J. Wilder Legal Authority: 26 USC 6103; 26 USC (202) 622-3393 Reviewing attorney: Phyllis E. Marcus 7805 (202) 622-3840 CC: COR CFR Citation: 26 CFR 301 CC:INTL Agency Contact: Frances L. Kelly, Legal Deadline: None Attorney–Advisor, Department of the Agency Contact: Jeffrey L. Vinnik, Abstract: This proposed rule relates to Treasury, Internal Revenue Service, Attorney–Advisor, Department of the 1111 Constitution Avenue NW, Treasury, Internal Revenue Service, the disclosure of returns and return information in judicial and Washington, DC 20224 1111 Constitution Avenue NW, Phone: 202 622–7072 Washington, DC 20224 administrative tax proceedings pursuant to 26 U.S.C. 6103(h)(4). Email: Phone: 202 622–3840 [email protected] RIN: Timetable: 1545–AY54 Related RIN: Related to 1545–AW30 Action Date FR Cite RIN: 1545–BA11 2458. LIABILITIES ASSUMED IN NPRM 06/00/06 CERTAIN CORPORATE TRANSACTIONS Regulatory Flexibility Analysis 2461. DEDUCTIBILITY OF EMPLOYER Required: No CONTRIBUTIONS FOR DEFERRED Priority: Substantive, Nonsignificant Small Entities Affected: No COMPENSATION Legal Authority: 26 USC 357; 26 USC Priority: Substantive, Nonsignificant 7805 Government Levels Affected: None Unfunded Mandates: Undetermined CFR Citation: 26 CFR 1 Additional Information: REG-120297-01 Legal Authority: 26 USC 7805 Legal Deadline: None Drafting attorney: Sarah Tate (202) 622- CFR Citation: 26 CFR 1 Abstract: These proposed regulations 4570 relate to the assumption of liabilities Reviewing attorney: Donald M. Squires Legal Deadline: None in certain corporate transactions under (202) 622-4570 Abstract: These regulations will update section 357 of the Internal Revenue and clarify the general rules for Treasury attorney: Michael Desmond Code, and affect corporations and their deductibility of employer contributions (202) 622-1981 shareholders. to qualified retirement plans and other Timetable: CC: PA: DPL deferred compensation arrangements. Action Date FR Cite Agency Contact: Sarah Tate, Timetable: Attorney–Advisor, Department of the Action Date FR Cite ANPRM 05/06/03 68 FR 23931 Treasury, Internal Revenue Service, NPRM 12/00/06 1111 Constitution Avenue NW, NPRM 12/00/06 Regulatory Flexibility Analysis Washington, DC 20224 Regulatory Flexibility Analysis Required: No Phone: 202 622–4570 Required: No Small Entities Affected: No RIN: 1545–AY89 Small Entities Affected: Businesses

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TREAS—IRS Proposed Rule Stage

Government Levels Affected: None Drafting attorney: Elizabeth D. Rawlins 2464. ALLOCATION OF NEW Additional Information: REG-139449-01 (202) 622-3600 MARKETS TAX CREDIT Drafting attorney: Linda S.F. Marshall Reviewing attorney: Peter J. Devlin Priority: Substantive, Nonsignificant (202) 622-6090 (202) 622-3600 Unfunded Mandates: Undetermined Reviewing attorney: Mark Schwimmer Treasury attorney: Michael Desmond Legal Authority: 26 USC 45D; 26 USC (202) 622-6090 (202) 622-1981 7805 Treasury attorney: Thomas Reeder (202) CC: PA: CBS CFR Citation: 26 CFR 1 622-1341 Legal Deadline: Agency Contact: None CC:TEGE Elizabeth D. Rawlins, Attorney–Advisor, Department of the Abstract: The regulations will address Agency Contact: Linda S.F. Marshall, Treasury, Internal Revenue Service, how the section 45D new markets tax Senior Counsel, Department of the 1111 Constitution Avenue NW, credit should be allocated to the Treasury, Internal Revenue Service, Washington, DC 20224 partners of a partnership under section 1111 Constitution Avenue NW, Phone: 202 622–3600 704(b) of the Internal Revenue Code Washington, DC 20224 and will address related partnership Phone: 202 622–6090 RIN: 1545–BA31 issues. RIN: 1545–BA13 Timetable: 2463. ALLOCATION AND Action Date FR Cite APPORTIONMENT RULES: GUIDANCE 2462. SUSPENSION OF STATUTES OF ON SELECTED ISSUES NPRM 12/00/06 LIMITATION IN JOHN DOE AND THIRD–PARTY SUMMONS DISPUTES, Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis AND EXPANSION OF TAXPAYERS’ Required: No Legal Authority: 26 USC 7805; 26 USC RIGHTS TO RECEIVE NOTICE AND Small Entities Affected: Businesses SEEK JUDICIAL REVIEW OF THIRD 863 Government Levels Affected: None PARTY SUMMONSES CFR Citation: 26 CFR 1 Additional Information: REG-131999-02 Priority: Substantive, Nonsignificant Legal Deadline: None Drafting attorney: James A. Quinn (202) Legal Authority: 26 USC 7603; 26 USC Abstract: 622-3070 7609; 26 USC 7805 This regulation provides guidance with respect to the allocation CC: PSI CFR Citation: 26 CFR 301 and apportionment under section 861 Agency Contact: James A. Quinn, Legal Deadline: None of selected deductions, e.g., disaster losses and research and Senior Counsel, Department of the Abstract: The proposed regulation experimentation expenses. Treasury, Internal Revenue Service, provides guidance regarding modified 1111 Constitution Avenue NW, rules for serving summonses on third- Timetable: Washington, DC 20224 party recordkeepers, the broadened Action Date FR Cite Phone: 202 622–3070 range of summonses subject to the RIN: 1545–BA84 notice requirements, and the NPRM 06/00/06 suspension of limitations periods when Regulatory Flexibility Analysis court actions are brought or when a Required: No 2465. SECTION 1248 ATTRIBUTION summoned third party fails to fully PRINCIPLES respond to a summons. This proposed Small Entities Affected: No Priority: Substantive, Nonsignificant regulation incorporates the changes Government Levels Affected: enacted in the Internal Revenue Service None Legal Authority: 26 USC 7805 Restructuring and Reform Act of 1998, Additional Information: REG-128240-01 CFR Citation: 26 CFR 1 Omnibus Budget Reconciliation Act of Legal Deadline: None 1990, Technical and Miscellaneous Drafting attorney: Teresa B. Hughes Revenue Act of 1988, and the Tax (202) 622-3850 Abstract: This regulation will address Reform Act of 1986. This regulation is Reviewing attorney: Anne O. Devereaux the manner in which earnings and a continuation of the regulation project (202) 622-3850 profits are attributed to shares under previously numbered at REG-208225- sections 1248 and 367. 88. Treasury attorney: John Harrington Timetable: (202) 622-0589 Timetable: Action Date FR Cite CC:INTL Action Date FR Cite NPRM 05/00/06 Agency Contact: NPRM 12/00/06 Teresa B. Hughes, Regulatory Flexibility Analysis Attorney–Advisor, Department of the Regulatory Flexibility Analysis Required: Undetermined Treasury, Internal Revenue Service, Required: No 1111 Constitution Avenue NW, Government Levels Affected: None Small Entities Affected: No Washington, DC 20224 Additional Information: REG-135866-02 Phone: 202 622–3850 Government Levels Affected: None Drafting attorney: Michael I. Gilman Additional Information: REG-153037-01 RIN: 1545–BA64 (202) 622-3850

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TREAS—IRS Proposed Rule Stage

Reviewing attorney: Richard L. CFR Citation: 26 CFR 49 Drafting attorney: Teresa B. Hughes Chewning (202) 622-3850 Legal Deadline: None (202) 622-3850 Treasury attorney: Gretchen Sierra (202) Abstract: This regulation provides a Reviewing attorney: Barbara A. Felker 622-1755 definition of taxable communications (202) 622-3850 CC:INTL services under section 4251. CC:INTL Agency Contact: Michael I. Gilman, Timetable: Agency Contact: Teresa B. Hughes, Attorney–Advisor, Department of the Action Date FR Cite Attorney–Advisor, Department of the Treasury, Internal Revenue Service, Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, ANPRM 07/02/04 69 FR 40345 1111 Constitution Avenue NW, Washington, DC 20024 NPRM 06/00/06 Washington, DC 20224 Phone: 202 622–3850 Regulatory Flexibility Analysis Phone: 202 622–3850 RIN: 1545–BA93 Required: No RIN: 1545–BB27 Small Entities Affected: No 2466. GUIDANCE TO FACILITATE Government Levels Affected: None 2469. APPLICATION OF SEPARATE ELECTRONIC TAX ADMINISTRATION Additional Information: REG-137076-02 LIMITATIONS TO DIVIDENDS FROM Priority: Substantive, Nonsignificant NONCONTROLLED SECTION 902 Drafting attorney: Taylor Cortright (202) Unfunded Mandates: Undetermined CORPORATION 622-3130 Legal Authority: 26 USC 7805 Priority: Substantive, Nonsignificant Reviewing attorneys: Frank Boland CFR Citation: 26 CFR 301 (202) 622-3130 and Lewis Fernandez Legal Authority: 26 USC 7805; 26 USC Legal Deadline: None (202) 622-3000 904(d)(6) Abstract: This regulation will facilitate Treasury attorney: John Parcell (202) CFR Citation: 26 CFR 1 electronic tax administration. 622-2578 Legal Deadline: None Timetable: CC:PSI Abstract: The American Jobs Creation Action Date FR Cite Agency Contact: Taylor Cortright, Act of 2004 amended the foreign tax credit limitation rules under section NPRM 12/08/05 70 FR 72954 Attorney, Department of the Treasury, 904(d) and extended lookthrough Hearing 04/04/06 Internal Revenue Service, 1111 Constitution Avenue NW, Washington, treatment to dividends paid by a 10/50 Regulatory Flexibility Analysis DC 20224 lookthrough corporation, generally Required: No Phone: 202 622–3130 effective retroactively for tax years Small Entities Affected: No beginning after December 31, 2002. RIN: 1545–BB04 These regulations would provide Government Levels Affected: None guidance needed to comply with these Additional Information: REG-137243-02 2468. ACCRUAL RULES FOR changes, including transition rules for Drafting attorney: Dillon Taylor (202) CREDITABLE FOREIGN TAXES AND dividends paid by a 10/50 lookthrough 622-4940 GUIDANCE ON CHANGE IN TAXABLE corporation. Reviewing attorney: Ashton P. Trice YEAR Timetable: (202) 622-4940 Priority: Substantive, Nonsignificant Action Date FR Cite Treasury attorney: Michael Desmond Legal Authority: 26 USC 7805 NPRM 05/00/06 (202) 622-1981 CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis CC:PA:APJ Legal Deadline: None Required: No Agency Contact: Dillon Taylor, Attorney, Department of the Treasury, Abstract: These proposed regulations Small Entities Affected: No Internal Revenue Service, 1111 will clarify the rules for determining Government Levels Affected: None when a creditable foreign tax accrues Constitution Avenue NW, Room 5127, Additional Information: REG-144784-02 Washington, DC 20224 and may be claimed as a credit, and Phone: 202 622–4940 will provide guidance for determining Drafting attorney: Ginny Y. Chung (202) Fax: 202 622–1585 the allowable foreign tax credit upon 622-3850 a change in the U.S. taxable year. Email: Reviewing attorney: Barbara Felker [email protected] Timetable: (202) 622-3850 RIN: 1545–BA96 Action Date FR Cite CC:INTL NPRM 12/00/06 Agency Contact: Ginny Y. Chung, 2467. COMMUNICATIONS EXCISE Regulatory Flexibility Analysis Attorney–Advisor, Department of the TAX; TAXABLE COMMUNICATION Required: No Treasury, Internal Revenue Service, SERVICES 1111 Constitution Avenue NW, Small Entities Affected: Businesses Priority: Substantive, Nonsignificant Washington, DC 20224 Legal Authority: 26 USC 4251; 26 USC Government Levels Affected: None Phone: 202 622–3850 7805 Additional Information: REG-144597-02 RIN: 1545–BB28

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TREAS—IRS Proposed Rule Stage

2470. AMENDING THE LOW–INCOME Government Levels Affected: Federal CFR Citation: 26 CFR 25 HOUSING TAX CREDIT PROGRAM Additional Information: REG-130751-01 Legal Deadline: None Priority: Substantive, Nonsignificant Drafting attorney: Theodore D. Setzer Abstract: This regulation relates to Legal Authority: 26 USC 42; 26 USC (202) 622-3870 additional rules for determining when 7805 Reviewing attorney: David Bowen (202) restrictions on liquidation are CFR Citation: 26 CFR 1 622-3800 disregarded in valuing an interest under section 2704 of the Internal CC:INTL Legal Deadline: None Revenue Code. Agency Contact: Theodore D. Setzer, Abstract: These regulations are Timetable: amendments to the general public use Attorney–Advisor, Department of the requirements in the low-income Treasury, Internal Revenue Service, Action Date FR Cite housing tax credit program. 1111 Constitution Avenue NW, NPRM 04/00/06 Washington, DC 20224 Timetable: Phone: 202 622–3870 Regulatory Flexibility Analysis Required: No Action Date FR Cite RIN: 1545–BB56 NPRM 12/00/06 Small Entities Affected: No Regulatory Flexibility Analysis 2472. LOSS ON SUBSIDIARY STOCK Government Levels Affected: None Required: No Priority: Substantive, Nonsignificant Additional Information: REG-163113-02 Small Entities Affected: No Legal Authority: 26 USC 337(d); 26 Drafting attorney: John MacEachen Government Levels Affected: None USC 7805; 26 USC 1502 (202) 622-7830 Additional Information: REG-151145-02 CFR Citation: 26 CFR 1 Reviewing attorney: George Masnik (202) 622-3090 Drafting attorney: Jack Malgeri (202) Legal Deadline: None 622-3040 Abstract: The regulations will provide Treasury attorney: Catherine Hughes (202) 622-9407 Reviewing attorney: Paul Handleman guidance to corporations that are (202) 622-3040 members of an affiliated group filing CC: PSI a consolidated income tax return and Agency Contact: John MacEachen, Treasury attorney: Sharon Kay (202) that own stock of a subsidiary. The 622-0865 Attorney–Advisor, Department of the regulations will provide rules relating Treasury, Internal Revenue Service, CC:PSI to the loss allowed on a disposition of 1111 Constitution Avenue NW, Agency Contact: Jack Malgeri, subsidiary and stock, to the reduction Washington, DC 20224 Attorney–Advisor, Department of the of the subsidiary’s attributes. Phone: 202 622–7830 Treasury, Internal Revenue Service, Timetable: RIN: 1545–BB71 1111 Constitution Avenue NW, Action Date FR Cite Washington, DC 20224 Phone: 202 622–3040 NPRM 06/00/06 2474. REMIC RESIDUALS—TIMING OF RIN: 1545–BB37 Regulatory Flexibility Analysis INCOME FOR FOREIGN HOLDERS Required: No Priority: Substantive, Nonsignificant Small Entities Affected: No 2471. SUBSTITUTE DIVIDEND Legal Authority: 26 USC 860G(b); 26 PAYMENTS IN SECURITIES LENDING Government Levels Affected: None USC 7805 AND SIMILAR TRANSACTIONS Additional Information: REG-157711-02 CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Drafting attorney: Martin T. Huck (202) Legal Deadline: None 622-7216 Legal Authority: 26 USC 7805; 26 USC Abstract: These regulations under 26 7701; 26 USC 863 Reviewing attorney: Theresa Abell (202) U.S.C. 860G(b) will govern the CFR Citation: 26 CFR 1 622-4117 recognition of income associated with CC: COR Legal Deadline: None REMIC residual interests that is Agency Contact: Martin T. Huck, allocated to foreign person, including Abstract: This regulation relates to Attorney–Advisor, Department of the a foreign partner in a U.S. partnership. taxation of cross-border and foreign-to- Treasury, Internal Revenue Service, Timetable: foreign substitute dividend payments in 1111 Constitution Avenue NW, securities lending and similar Action Date FR Cite Washington, DC 20224 transactions. Phone: 202 622–7216 NPRM 06/00/06 Timetable: RIN: 1545–BB61 Regulatory Flexibility Analysis Action Date FR Cite Required: Undetermined NPRM 12/00/06 2473. LIQUIDATION OF AN INTEREST Government Levels Affected: None Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Additional Information: REG-159929-02 Required: No Legal Authority: 26 USC 2704(b); 26 Drafting attorney: Arturo Estrada (202) Small Entities Affected: No USC 7805 622-3900

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TREAS—IRS Proposed Rule Stage

Treasury attorneys: Andrew Froberg accounting for bond proceeds for Agency Contact: David Selig, (202) 622-1779 purposes of determining whether bonds Attorney–Advisor, Department of the Michael Novey (202) 622-1339 are private activity bonds under section Treasury, Internal Revenue Service, 141 of the Internal Revenue Code. 1111 Constitution Avenue NW, CC: FI Timetable: Washington, DC 20224 Agency Contact: Arturo Estrada, Phone: 202 622–3040 Action Date FR Cite Attorney–Advisor, Department of the RIN: 1545–BC22 Treasury, Internal Revenue Service, NPRM 06/00/06 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Washington, DC 20224 2478. ADDITIONAL GUIDANCE Required: Phone: 202 622–3900 Undetermined REGARDING MARK–TO–MARKET Government Levels Affected: RIN: 1545–BB84 State ACCOUNTING FOR TRADERS IN Federalism: Undetermined SECURITIES AND/OR COMMODITIES, INCLUDING FOREIGN CURRENCY 2475. DEPENDENT CARE CREDIT Additional Information: REG-140379-02 INSTRUMENTS Priority: Substantive, Nonsignificant Drafting attorney: Johanna Som de Cerff Priority: Substantive, Nonsignificant. (202) 622-3980 Unfunded Mandates: Undetermined Major status under 5 USC 801 is CC: TEGE Legal Authority: 26 USC 21; 26 USC undetermined. 7805 Agency Contact: Johanna Som de Unfunded Mandates: Undetermined Cerff, Senior Technican Reviewer, CFR Citation: 26 CFR 1 Legal Authority: 26 USC 7805; 26 USC Department of the Treasury, Internal 988(a)(1)(B) Legal Deadline: None Revenue Service, 1111 Constitution Abstract: The notice of proposed Avenue NW, Washington, DC 20224 CFR Citation: 26 CFR 1 rulemaking will amend existing but Phone: 202 622–3980 Legal Deadline: None partially obsolete regulations under 26 RIN: 1545–BC07 Abstract: This regulation provides U.S.C. 21 relating to dependent care additional rules relating to the trader credits. 2477. UTILITY ALLOWANCE mark-to-market election: 1) The Timetable: REGULATION UPDATE coordination of income character rules Action Date FR Cite of the mark-to-market regime with the Priority: Substantive, Nonsignificant capital election under section NPRM 10/00/06 Legal Authority: 26 USC 42; 26 USC 988(a)(1)(B); 2) the definition of Regulatory Flexibility Analysis 7805 commodities for purposes of section Required: No CFR Citation: 26 CFR 1 475; and 3) the application of the mark- Small Entities Affected: No to-market rules for traders that trade Legal Deadline: None both securities and commodities in a Government Levels Affected: None Abstract: This regulation will modify single business. Additional Information: REG-139059-02 and update utility allowance Timetable: Drafting attorney: Sara P. Shepherd regulations under section 1.42-10, Action Date FR Cite (202) 622-4960 which provides for an alternative method for computing utility NPRM 12/00/06 Reviewing attorney: William A. Jackson allowances under section 1.42- Regulatory Flexibility Analysis (202) 622-4960 10(b)(4)(ii). Also, the regulation will Required: No CC:ITA provide for annual updates of utility Agency Contact: Sara P. Shepherd, allowances. Small Entities Affected: No Attorney–Advisor, Department of the Timetable: Government Levels Affected: None Treasury, Internal Revenue Service, Action Date FR Cite Additional Information: REG-135660-03 1111 Constitution Avenue NW, Room 4231, Washington, DC 20224 NPRM 12/00/06 Drafting attorney: Camille B. Evans Phone: 202 622–4960 Regulatory Flexibility Analysis (202) 622-3800 RIN: 1545–BB86 Required: No Reviewing attorney: Paul S. Epstein Small Entities Affected: No (202) 622-3870 2476. GENERAL ALLOCATION AND Government Levels Affected: None Treasury attorney: Andrew Froberg ACCOUNTING REGULATIONS (202) 622-1779 Additional Information: REG-128274-03 Priority: Substantive, Nonsignificant CC:INTL Drafting attorney: David Selig (202) Unfunded Mandates: Undetermined 622-3040 Agency Contact: Camille B. Evans, Legal Authority: 26 USC 7805 Attorney–Advisor, Department of the Reviewing attorney: Paul Handleman Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1 (202) 622-3040 1111 Constitution Avenue NW, Legal Deadline: None Treasury attorney: Sharon Kay (202) Washington, DC 20224 Abstract: This regulation provides 622-0865 Phone: 202 622–3800 rules for the allocation of and CC: PSI RIN: 1545–BC48

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TREAS—IRS Proposed Rule Stage

2479. STEWARDSHIP EXPENSES certain possessions income taxes. CFR Citation: 26 CFR 20 Priority: Substantive, Nonsignificant. Specifically, section 7654 provides for Legal Deadline: None ‘‘cover over’’ of the net collection of Major status under 5 USC 801 is Abstract: These regulations relate to undetermined. taxes imposed under chapter 1 or deducted and withheld under chapter the amount deductible under section Legal Authority: 26 USC 7805 24. Section 7654 of the Internal 2053(a)(3) of the Internal Revenue CFR Citation: 26 CFR 1 Revenue Code of 1986 provides specific Code. The regulations will affect estates rules for cover over with regard to the of decedents where claims exist against Legal Deadline: None possessions American Samoa and the the decedent’s estate. Abstract: The current regulations under U.S. Virgin Islands. Timetable: section 1.861-8(e)(4), titled Section 7654 of the 1954 Code, as Action Date FR Cite ‘‘Stewardship Expenses Attributable to amended in 1972 by Public Law 92- NPRM 06/00/06 Dividends Received,’’ are confusing and 606, provides specific rules for cover subject to misuse by taxpayers. In over with regard to the possessions Regulatory Flexibility Analysis conjunction with the proposed services Guam and the Northern Mariana Required: No regulations under section 482, it is Islands (NMI). Section 7654 of the 1954 Small Entities Affected: No proposed to revise these regulations to Code remains applicable to Guam and clarify the parameters of stewardship the NMI because neither of these two Government Levels Affected: expenses, thereby demarcating them possessions has an effective Undetermined from shareholder activities under implementing agreement with the Federalism: Undetermined section 482 and supportive expenses United States, in accordance with the Additional Information: REG-143316-03 under section 1.861-8T(b)(3). Tax Reform Act of 1986, Public Law Timetable: 99-514. Drafting attorney: DeAnn K. Malone (202) 622-3112 Action Date FR Cite The regulations will provide rules Reviewing attorney: Melissa Liquerman NPRM 06/00/06 under both the 1954 Code and the 1986 Code versions of section 7654. (202) 622-7830 Regulatory Flexibility Analysis Timetable: Treasury attorney: Cathy Hughes (202) Required: No 622-9407 Action Date FR Cite Small Entities Affected: No CC:PSI NPRM 12/00/06 Government Levels Affected: None Agency Contact: DeAnn K. Malone, Regulatory Flexibility Analysis Additional Information: REG-138603-03 Attorney–Advisor, Department of the Required: Undetermined Treasury, Internal Revenue Service, Drafting attorney: David F. Bergkuist Government Levels Affected: None 1111 Constitution Avenue NW, (202) 622-3850 Additional Information: REG-139900-03 Washington, DC 20224 Reviewing attorney: Anne O. Devereaux Phone: 202 622–3112 (202) 622-3850 Drafting attorney: Javier G. Salinas (202) 435-5262 RIN: 1545–BC56 Treasury attorney: David Ernick (202) 622-1754 Reviewing attorney: Ricardo A. Cadenas (202) 435-5262 2482. BELOW–MARKET LOANS CC:INTL Treasury attorney: Gretchen Sierra (202) Priority: Substantive, Nonsignificant. Agency Contact: David F. Bergkuist, 622-1755 Major status under 5 USC 801 is Attorney–Advisor, Department of the undetermined. Treasury, Internal Revenue Service, CC: INTL Unfunded Mandates: Undetermined 1111 Constitution Avenue NW, Agency Contact: Javier G. Salinas, Washington, DC 20224 Attorney–Advisor, Department of the Legal Authority: 26 USC 7805; 26 USC Phone: 202 622–3850 Treasury, Internal Revenue Service, 7872(h) RIN: 1545–BC52 1111 Constitution Avenue NW, CFR Citation: 26 CFR 1 Washington, DC 20224 Phone: 202 435–5262 Legal Deadline: None 2480. COORDINATION OF UNITED Related RIN: Related to 1545–BD32 Abstract: The proposed regulations STATES AND CERTAIN relate to the Federal income tax POSSESSIONS INCOME TAXES RIN: 1545–BC54 consequences of certain below-market Priority: Substantive, Nonsignificant loans. 2481. GUIDANCE UNDER SECTION Unfunded Mandates: Undetermined Timetable: 2053 REGARDING POST–DEATH Legal Authority: 26 USC 7805 EVENTS Action Date FR Cite CFR Citation: 26 CFR 1; 26 CFR 301 Priority: Substantive, Nonsignificant. NPRM 12/00/06 Legal Deadline: None Major status under 5 USC 801 is Regulatory Flexibility Analysis undetermined. Required: No Abstract: Internal Revenue Code section 7654 contains provisions for Unfunded Mandates: Undetermined Small Entities Affected: No coordination of United States and Legal Authority: 26 USC 7805 Government Levels Affected: None

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TREAS—IRS Proposed Rule Stage

Additional Information: REG-209226-84 Phone: 202 622–6090 Regulatory Flexibility Analysis Drafting attorney: David B. Silber (202) RIN: 1545–BC82 Required: No 622-3930 Small Entities Affected: No Reviewing attorney: William Blanchard 2484. REVISION OF SECTION Government Levels Affected: None (202) 622-3950 301.6103(J)–1 FOR DISCLOSURE TO Additional Information: REG-123365-03 Treasury attorney: Viva Hammer (202) THE BUREAU OF ECONOMIC Drafting attorney: Russell P. Subin 622-0869 ANALYSIS, DEPARTMENT OF (202) 622-7790 COMMERCE CC:FI Reviewing attorney: Richard Coss (202) Agency Contact: David B. Silber, Priority: Substantive, Nonsignificant 622-7790 Attorney, Department of the Treasury, Legal Authority: 26 USC 6103; 26 USC CC: COR Internal Revenue Service, 1111 7805 Constitution Avenue NW, Washington, Agency Contact: Russell P. Subin, CFR Citation: 26 CFR 1 DC 20224 Attorney–Advisor, Department of the Phone: 202 622–3930 Legal Deadline: None Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, RIN: 1545–BC78 Abstract: This regulation concerns the Washington, DC 20224 disclosure of corporate tax information Phone: 202 622–7790 to the Bureau of Economic Analysis, 2483. REGULATIONS GOVERNING Department of Commerce. RIN: 1545–BC94 THE PERFORMANCE OF ACTUARIAL SERVICES UNDER THE EMPLOYEE Timetable: 2486. ACCUMULATED ADJUSTMENT RETIREMENT INCOME SECURITY ACT Action Date FR Cite OF 1974 ACCOUNT AND OTHER CORPORATE NPRM 06/00/06 SEPARATIONS UNDER SECTION 355 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant. Unfunded Mandates: Undetermined Required: No Major status under 5 USC 801 is Legal Authority: 29 USC 1241; 26 USC Small Entities Affected: No undetermined. 7805 Legal Authority: 26 USC 7805 Government Levels Affected: None CFR Citation: 20 CFR 901 CFR Citation: 26 CFR 1 Additional Information: REG-148864-03 Legal Deadline: None Legal Deadline: None Abstract: Regulations governing the Drafting attorney: Melinda K. Fisher (202) 622-4580 Abstract: These proposed regulations performance of actuarial service under will amend the current regulations the Employee Retirement Income CC: PA: DPL under section 1.1368-2 in order to Security Act of 1974 (ERISA). The Agency Contact: Melinda K. Fisher, address the proper treatment of an S regulations will cover the qualifications Attorney, Department of the Treasury, corporation’s accumulated adjustment required for enrollment, continuing Internal Revenue Service, 1111 account in a section 355 transaction not education requirements for enrolled Constitution Avenue NW, Washington, preceded by a section 368(a)(1)(D) actuaries, professional standards for the DC 20024 reorganization. performance of actuarial services under Phone: 202 622–4580 ERISA, the grounds for disciplinary Timetable: action against an enrolled actuary, and RIN: 1545–BC93 Action Date FR Cite the procedures to be followed in taking NPRM 12/00/06 disciplinary actions. 2485. GUIDANCE REGARDING THE Regulatory Flexibility Analysis Timetable: ACTIVE TRADE OR BUSINESS Required: No Action Date FR Cite REQUIREMENT UNDER SECTION 355(B) Small Entities Affected: No NPRM 12/00/06 Priority: Substantive, Nonsignificant. Government Levels Affected: None Regulatory Flexibility Analysis Major status under 5 USC 801 is Additional Information: REG-168722-03 Required: No undetermined. Drafting attorney: Deane M. Burke (202) Small Entities Affected: No Legal Authority: 26 USC 7805 622-3070 Government Levels Affected: None CFR Citation: 26 CFR 1 Reviewing attorney: James Quinn (202) Additional Information: REG-159704-03 Legal Deadline: None 622-3070 Drafting attorney: Michael J. Roach CC:PSI Abstract: The proposed rulemaking (202) 622-6090 will provide guidance regarding the Agency Contact: Deane M. Burke, CC:TEGE active trade or business requirement Attorney–Advisor, Department of the Agency Contact: Michael J. Roach, under section 355(b). Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Attorney–Advisor, Department of the Timetable: Treasury, Internal Revenue Service, Washington, DC 20224 1111 Constitution Avenue NW, Action Date FR Cite Phone: 202 622–3070 Washington, DC 20224 NPRM 06/00/06 RIN: 1545–BC98

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TREAS—IRS Proposed Rule Stage

2487. SUPPORT TEST IN THE CASE that is not a common or ordinary share Timetable: OF A CHILD OF DIVORCED PARENTS is equity rather than debt; that a foreign Action Date FR Cite Priority: Substantive, Nonsignificant company is entitled to benefits under a comprehensive income tax treaty ANPRM 08/25/04 69 FR 52212 Unfunded Mandates: Undetermined where a security is not readily tradable NPRM 12/00/06 Legal Authority: 26 USC 152; 26 USC on a recognized U.S. stock exchange; Regulatory Flexibility Analysis 7805 and that the foreign corporation is not Required: No a PFIC in the taxable year in which CFR Citation: 26 CFR 1 Small Entities Affected: No a dividend is paid, or in the preceding Legal Deadline: None taxable year. The regulations are also Government Levels Affected: None Abstract: These proposed regulations expected to address the meaning of the Additional Information: REG-106679-04 will update section 1.152-4. requirement in the legislative history Drafting attorney: Kathleen Sleeth (202) that to qualify under a treaty for Timetable: 622-3920 purposes of 1(h)(11) ‘‘substantially all Action Date FR Cite of . . .[the foreign corporation’s] income Reviewing attorney: Dale Collinson (202) 622-3920 NPRM 06/00/06 in the taxable year in which the dividend is paid’’ must qualify for Treasury attorney: Michael Novey (202) Regulatory Flexibility Analysis treaty benefits. 622-1339 Required: No Timetable: CC:FI Government Levels Affected: None Action Date FR Cite Agency Contact: Kathleen Sleeth, Additional Information: REG-149856-03 Attorney–Advisor, Department of the NPRM 12/00/06 Drafting attorney: Victoria J. Driscoll Treasury, Internal Revenue Service, (202) 622-4920 Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Required: No Washington, DC 20224 Reviewing attorney: Stephen J. Toomey Phone: 202 622–3920 (202) 622-4920 Small Entities Affected: No RIN: 1545–BD18 Treasury attorney: Eric San Juan (202) Government Levels Affected: None 622-0224 2490. SECTION 42 QUALIFIED CC: ITA Additional Information: REG-107420-04 CONTRACT PROVISIONS Agency Contact: Victoria J. Driscoll, Drafting attorney: David L. Lundy (202) Priority: Substantive, Nonsignificant Attorney–Advisor, Department of the 622-3880 Treasury, Internal Revenue Service, Legal Authority: 26 USC 42; 26 USC Reviewing attorney: Elizabeth U. 1111 Constitution Avenue NW, 7805 Karzon (202) 622-3880 Washington, DC 20224 CFR Citation: 26 CFR 1 Phone: 202 622–4920 Treasury attorney: Andrew D. Froberg Legal Deadline: None Fax: 202 622–6853 (202) 622-1779 Abstract: This proposed regulation RIN: 1545–BD01 CC:INTL under sections 42(h)(6)(F) and 42(h)(6)(K) will provide guidance for Agency Contact: David L. Lundy, provisions relating to qualified 2488. DEFINITION OF QUALIFIED Attorney–Advisor, Department of the contracts. FOREIGN CORPORATION Treasury, Internal Revenue Service, Priority: Substantive, Nonsignificant 1111 Constitution Avenue NW, Timetable: Legal Authority: 26 USC 7805(a); 26 Washington, DC 20224 Action Date FR Cite Phone: 202 622–3880 USC 1 NPRM 06/00/06 CFR Citation: Not Yet Determined RIN: 1545–BD15 Regulatory Flexibility Analysis Legal Deadline: None Required: No 2489. REMIC INTEREST–ONLY Abstract: Notice 2003-79, section 5, Small Entities Affected: No REGULAR INTERESTS published on December 15, 2003, states Government Levels Affected: that the IRS intends to issue Priority: Substantive, Nonsignificant Undetermined regulations, for years after 2003, that Additional Information: REG-114084-03 provide procedures for a foreign Unfunded Mandates: Undetermined Drafting attorney: Jack Malgeri (202) corporation to certify that it is a Legal Authority: 26 USC 7805 qualified foreign corporation for 622-3040 purposes of IRC section 1(h)(11)(C). CFR Citation: 26 CFR 1 Reviewing attorney: Susan Reaman (Temporary rules provided in Notice Legal Deadline: None (202) 622-3040 2003-79 were subsequently extended by Treasury reviewer: Sharon Kay (202) Notice 2004-71, published on Abstract: These rules relate to the 622-0865 November 8, 2004, and by Notice 2006- proper timing of income or deduction 3, published January 17, 2006.) The attributable to an interest-only regular CC: PSI regulations will also provide interest in a Real Estate Mortgage Agency Contact: Jack Malgeri, procedures for certifying that a security Investment Conduit (REMIC). Attorney–Advisor, Department of the

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TREAS—IRS Proposed Rule Stage

Treasury, Internal Revenue Service, tax regulations to facilitate the ability Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, of banks and bank affiliates to act as 1111 Constitution Avenue NW, Room Washington, DC 20224 qualified intermediaries in section 1031 4030, Washington, DC 20224 Phone: 202 622–3040 exchanges. Phone: 202 622–6030 RIN: 1545–BD20 Timetable: Fax: 202 622–7865 Email: Action Date FR Cite [email protected] 2491. PAYMENTS FOR WHICH NO NPRM 11/00/06 Related RIN: Related to 1545–BD45 RETURN OF INFORMATION IS REQUIRED UNDER SECTION 6041 Regulatory Flexibility Analysis RIN: 1545–BD44 Required: No Priority: Substantive, Nonsignificant. Small Entities Affected: Major status under 5 USC 801 is No 2494. CLASSIFICATION OF INDIAN undetermined. Government Levels Affected: None TRIBAL CORPORATIONS Legal Authority: 26 USC 6041; 26 USC Additional Information: REG-160005-03 Priority: Substantive, Nonsignificant 7805 Drafting attorney: Brendan P. O’Hara Unfunded Mandates: Undetermined CFR Citation: (202) 622-4920 26 CFR 1 Legal Authority: 26 USC 7701; 26 USC Legal Deadline: None Reviewing attorney: Steven Toomey 7805 (202) 622-4920 Abstract: This proposed regulation will CFR Citation: 26 CFR 1 Treasury attorney: Matthew Lay (202) remove section 1.6041-3(g) of the Legal Deadline: None Income Tax Regulations. 622-1788 Abstract: The regulation will provide Timetable: CC: ITA guidance regarding classification of Action Date FR Cite Agency Contact: Brendan P. O’Hara, Indian Tribal Corporations for Federal Attorney Advisor, Department of the tax purposes. NPRM 11/00/06 Treasury, Internal Revenue Service, Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Timetable: Required: No Washington, DC 20224 Action Date FR Cite Small Entities Affected: No Phone: 202 622–4920 NPRM 12/00/06 Government Levels Affected: None RIN: 1545–BD28 Regulatory Flexibility Analysis Additional Information: REG-147136-03 Required: Undetermined 2493. TRANSFERS OF RESTRICTED Government Levels Affected: None Drafting attorney: William Kostak (202) STOCK 622-4910 Federalism: Undetermined Priority: Substantive, Nonsignificant Reviewing attorney: James C. Gibbons Additional Information: REG-136069-04 (202) 622-7085 Legal Authority: 26 USC 83; 26 USC 7805 Drafting attorney: Barbara Campbell Treasury attorney: John Parcell (202) (202) 622-3050 622-2578 CFR Citation: 26 CFR 1 Reviewing attorney: Dianna Miosi (202) CC: PA: APJ Legal Deadline: None 622-3050 Agency Contact: William M. Kostak, Abstract: The proposed regulations CC:PSI Attorney–Advisor, Department of the address the application of section 83 Agency Contact: Barbara Campbell, Treasury, Internal Revenue Service, to the transfer of substantially Attorney–Advisor, Department of the 1111 Constitution Avenue NW, nonvested stock to a related person. Treasury, Internal Revenue Service, Washington, DC 20224 Timetable: 1111 Constitution Avenue NW, Phone: 202 622–4910 Action Date FR Cite Washington, DC 20224 RIN: 1545–BD21 NPRM 12/00/06 Phone: 202 622–3050 Regulatory Flexibility Analysis RIN: 1545–BD61 2492. DEFINITION OF DISQUALIFIED Required: No PERSON Small Entities Affected: No 2495. DECLARATORY JUDGMENT— Priority: Substantive, Nonsignificant. GIFT TAX VALUE Major status under 5 USC 801 is Government Levels Affected: None Priority: Substantive, Nonsignificant undetermined. Additional Information: REG-127147-04 Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 Drafting attorney: Stephen B. Tackney Legal Authority: CFR Citation: 26 CFR 1 (202) 622-6030 26 USC 7477; 26 USC 7805 Legal Deadline: None Treasury attorney: Dan Hogans (202) 622-1332 CFR Citation: 26 CFR 1 Abstract: These proposed regulations provide certain changes to the CC: TEGE Legal Deadline: None definition of a disqualified person Agency Contact: Stephen B. Tackney, Abstract: Proposed regulations relating under section 1.1031-1(k) of the income Attorney–Advisor, Department of the to the redetermination of value of

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TREAS—IRS Proposed Rule Stage

certain gifts in a declaratory judgment Treasury attorney: Matthew Lay (202) CFR Citation: Not Yet Determined action. 622-1788 Legal Deadline: None Timetable: CC: PSI Abstract: This regulation will modify Action Date FR Cite Agency Contact: Laura C. Fields, the regulations under section 707(c) to NPRM 05/00/06 Attorney–Advisor, Department of the address certain situations involving Treasury, Internal Revenue Service, guaranteed payments to partners. Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Timetable: Required: No Washington, DC 20224 Small Entities Affected: No Phone: 202 622–3050 Action Date FR Cite Government Levels Affected: RIN: 1545–BD71 NPRM 06/00/06 Undetermined Regulatory Flexibility Analysis Federalism: Undetermined 2497. SHAREHOLDER’S BASIS IN Required: No Additional Information: REG-143716-04 STOCK OF AN S CORPORATION Small Entities Affected: No Drafting attorney: Juli Ro Kim (202) Priority: Substantive, Nonsignificant Government Levels Affected: 622-3090 None Unfunded Mandates: Undetermined Reviewing attorney: George Masnik Additional Information: REG-144694-04 Legal Authority: 26 USC 7805; 26 USC (202) 622-3090 Drafting attorney: Jason T. Smyczek 1367 Treasury attorney: Cathy Hughes (202) (202) 622-3050 CFR Citation: 26 CFR 1 622-9407 Reviewing attorney: David Haglund CC: PSI Legal Deadline: None (202) 622-3050 Agency Contact: Juli Ro Kim, Abstract: This regulation will provide Treasury attorney: Matthew Lay (202) Attorney–Advisor, Department of the rules relating to the determination of 622-1788 Treasury, Internal Revenue Service, a shareholder’s basis in stock of an S 1111 Constitution Avenue NW, corporation. CC: PSI Washington, DC 20224 Timetable: Agency Contact: Jason T. Smyczek, Phone: 202 622–3090 Attorney–Advisor, Department of the Action Date FR Cite RIN: 1545–BD67 Treasury, Internal Revenue Service, NPRM 06/00/06 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Washington, DC 20224 2496. REGULATIONS UNDER Phone: 202 622–3050 SECTION 706 REGARDING Required: Undetermined DETERMINATION OF DISTRIBUTIVE Small Entities Affected: Businesses RIN: 1545–BD74 SHARE WHEN A PARTNER’S Government Levels Affected: None INTEREST CHANGES 2499. UPDATE AND REVISION OF Additional Information: REG-144859-04 Priority: Substantive, Nonsignificant TREASURY REGULATION SECTIONS 1.381(C)(4) AND (5)–1 Unfunded Mandates: Undetermined Drafting attorney: Stacy L. Short (202) 622-3070 Legal Authority: 26 USC 706; 26 USC Priority: Substantive, Nonsignificant Reviewing attorney: Christine Ellison 7805 Unfunded Mandates: Undetermined (202) 622-3070 CFR Citation: 26 CFR 1 Legal Authority: Treasury attorney: Matthew Lay (202) 26 USC 381(c)(4); 26 Legal Deadline: None 622-1788 USC 381(c)(5); 26 USC 7805 Abstract: This regulation will provide CC:PSI CFR Citation: 26 CFR 1 rules regarding the determination of a Legal Deadline: partner’s distributive share when the Agency Contact: Stacy L. Short, None partner’s interest changes. Attorney, Department of the Treasury, Abstract: The proposed amendments Timetable: Internal Revenue Service, 1111 will focus on how to determine the Constitution Avenue NW, Washington, principal accounting method; how Action Date FR Cite DC 20224 taxpayers will procedually change NPRM 05/00/06 Phone: 202 622–3070 when they’re not permitted to use or Regulatory Flexibility Analysis RIN: 1545–BD72 prefer not to use the principal Required: No accounting method; how taxpayers will reflect the difference in computing Small Entities Affected: No 2498. GUIDANCE UNDER SECTION taxable income when they change their Government Levels Affected: None 707(C) REGARDING GUARANTEED accounting methods; reconciling PAYMENTS Additional Information: REG-144689-04 Treasury Regulation section 1.381(c)(4) Priority: Substantive, Nonsignificant language, terms, and conditions with Drafting attorney: Laura C. Fields (202) Treasury Regulation section 1.381(c)(5); 622-3050 Unfunded Mandates: Undetermined and reordering, simplifying, and Reviewing attorney: David Haglund Legal Authority: 26 USC 707; 26 USC indexing Treasury Regulation sections (202) 622-3050 7805 1.381 (c)(4) and (5).

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TREAS—IRS Proposed Rule Stage

Timetable: Treasury attorneys: Sharon Kay (202) 2502. DEFINITION OF THE ‘‘DUE Action Date FR Cite 622-0865 and George Manousos (202) DATE’’ FOR PURPOSES OF 622-1335 CALCULATING OVERPAYMENT NPRM 10/00/06 INTEREST UNDER SECTION Regulatory Flexibility Analysis CC: ITA 301.6611(H) Required: No Agency Contact: Angella L. Warren, Priority: Substantive, Nonsignificant Small Entities Affected: No Attorney, Department of the Treasury, Unfunded Mandates: Undetermined Government Levels Affected: None Internal Revenue Service, 1111 Constitution Avenue NW, Washington, Legal Authority: 26 USC 6611; 26 USC Additional Information: REG-151884-03 DC 20224 7805 and REG-151887-03 Phone: 202 622–4950 CFR Citation: 26 CFR 301 Drafting attorney: Cheryl L. Oseekey RIN: Legal Deadline: None (202) 622-4970 1545–BD82 Abstract: These regulations will amend Reviewing attorney: Jeffery G. Mitchell 26 CFR section 301.6611-1(h) to clarify (202) 622-4970 2501. GUIDANCE REGARDING SELECTED ISSUES UNDER SECTION the allowance for overpayment interest Treasury attorney: Sharon Kay (202) 336(E) in cases in which an overpayment is 622-0865 credited against an underpayment. CC: ITA Priority: Substantive, Nonsignificant. Timetable: Major status under 5 USC 801 is Agency Contact: Cheryl L. Oseekey, undetermined. Action Date FR Cite General Attorney, Department of the NPRM 12/00/06 Treasury, Internal Revenue Service, Unfunded Mandates: Undetermined 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Washington, DC 20224 Legal Authority: 26 USC 336; 26 USC Required: No 7805 Phone: 202 622–4970 Small Entities Affected: No RIN: 1545–BD81 CFR Citation: 26 CFR 1 Government Levels Affected: None Legal Deadline: None Additional Information: REG-148576-04 2500. AMENDMENTS TO 26 CFR Drafting attorney: Tatiana Belenkaya SECTION 1.263(A)–5 REGARDING Abstract: The proposed regulations (202) 622-4910 TREATMENT OF CAPITALIZED COSTS will address the circumstances in which a corporation that owns stock in Reviewing attorney: Pamela W. Fuller Priority: Substantive, Nonsignificant. another corporation, meeting the (202) 622-4910 Major status under 5 USC 801 is requirements of section 1504(a)(2), and undetermined. CC: PA: APJ sells, exchange, or distributes a Unfunded Mandates: Undetermined disposition of the assets of such other Agency Contact: Tatiana L. Belenkaya, Attorney, Department of the Treasury, Legal Authority: 26 USC 263(a); 26 corporation. Internal Revenue Service, 1111 USC 7805 Timetable: Constitution Avenue NW, Washington, CFR Citation: 26 CFR 1 Action Date FR Cite DC 20224 Legal Deadline: None Phone: 202 622–4910 NPRM 07/00/06 Abstract: The IRS and Treasury RIN: 1545–BD86 Department intend to propose Regulatory Flexibility Analysis Required: regulations to address the treatment of No 2503. REDUCTION OF FUEL EXCISE amounts that facilitate certain tax-free TAX EVASION and taxable transactions and other Small Entities Affected: No Priority: restructurings and that are required to Government Levels Affected: None Substantive, Nonsignificant. be capitalized under section 263(a) and Major status under 5 USC 801 is section 1.263(a)-5. Additional Information: REG-143544-04 undetermined. Timetable: Drafting attorney: Mark Weiss (202) Unfunded Mandates: Undetermined Action Date FR Cite 622-7790 Legal Authority: 26 USC 7805 NPRM 12/00/06 Reviewing attorney: Ken Cohen (202) CFR Citation: 26 CFR 48 Regulatory Flexibility Analysis 622-7790 Legal Deadline: None Required: No CC: COR Abstract: Changes to tax on aviation Small Entities Affected: No grade kerosene and other excise taxes Agency Contact: Mark Weiss, related to taxable fuels. Government Levels Affected: None Attorney–Advisor, Department of the Timetable: Additional Information: REG-143640-04 Treasury, Internal Revenue Service, Drafting attorney: Angella L. Warren 1111 Constitution Avenue NW, Action Date FR Cite (202) 622-4950 Washington, DC 20224 NPRM 09/00/06 Phone: 202 622–7790 Reviewing attorney: Glenn Bogdonoff Regulatory Flexibility Analysis (202) 622-4950 RIN: 1545–BD84 Required: Undetermined

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Government Levels Affected: Agency Contact: Susan T. Baker, Abstract: This regulation will clarify Undetermined Assistant to the Branch Chief, the extent to which taxpayers must Federalism: Undetermined Department of the Treasury, Internal capitalize expenditures to repair, Revenue Service, 1111 Constitution improve, or rehabilitate tangible Additional Information: REG-153838-04 Avenue NW, Washington, DC 20224 property. Drafting attorney: Deborah Karet (202) Phone: 202 622–3930 Timetable: 622-3130 RIN: 1545–BE09 Action Date FR Cite Reviewing attorney: Frank Boland (202) NPRM 04/00/06 622-3130 and Lewis Fernandez (202) 2505. INTRA–GROUP GROSS 622-3000 Regulatory Flexibility Analysis RECEIPTS UNDER SECTION 41 Required: No Treasury attorney: John Parcell (202) Priority: Substantive, Nonsignificant 622-2578 Government Levels Affected: None Legal Authority: 26 USC 41; 26 USC Additional Information: REG-168745-03 CC: PSI 7805 Drafting attorney: Kimberly L. Koch Agency Contact: Deborah Karet, CFR Citation: 26 CFR 1 (202) 622-7739 Attorney–Advisor, Department of the Treasury, Internal Revenue Service, Legal Deadline: None Reviewing attorney: Robert M. Casey 1111 Constitution Avenue NW, Abstract: The proposed regulations (202) 622-4950 Washington, DC 20224 will address the treatment of intra- Treasury attorney: Sharon Kay (202) Phone: 202 622–3130 group transactions in the determination 622-0865 RIN: 1545–BE03 of a controlled group’s gross receipts CC:ITA for purposes of the section 41 research credit. Agency Contact: Kimberly L. Koch, 2504. ELIMINATION OF Attorney–Advisor, Department of the COUNTRY–BY–COUNTRY REPORTING Timetable: Treasury, Internal Revenue Service, TO SHAREHOLDERS OF FOREIGN Action Date FR Cite 1111 Constitution Avenue NW, Washington, DC 20224 TAXES PAID BY REGULATED NPRM 06/00/06 INVESTMENT COMPANIES Phone: 202 622–7739 Regulatory Flexibility Analysis Fax: 202 622–7241 Priority: Substantive, Nonsignificant Required: No RIN: 1545–BE18 Legal Authority: 26 USC 7805; 26 USC Small Entities Affected: No 6031 Government Levels Affected: 2507. FARMER AND FISHERMAN CFR Citation: 26 CFR 1 Undetermined INCOME AVERAGING UNDER THE Legal Deadline: None Additional Information: REG-159420-04 AMERICAN JOBS CREATION ACT OF 2004 (AJCA) Abstract: This regulation will generally Drafting attorney: Brenda M. Stewart Priority: eliminate country-by-country reporting (202) 622-3120 Substantive, Nonsignificant to shareholders of foreign source Legal Authority: 26 USC 1301; 26 USC Reviewing attorney: Leslie H. Finlow income and foreign taxes paid by a 7805 regulated investment company (RIC). A (202) 622-3120 CFR Citation: 26 CFR 1 RIC will continue to report this Treasury attorney: Sharon Kay (202) information directly to the IRS. The 622-0865 Legal Deadline: None regulations will affect certain RICs that CC: PSI Abstract: The project will amend the pay foreign taxes and their farm income averaging regulations shareholders. Agency Contact: Brenda M. Stewart, under section 1.1301-1 to include the Attorney–Advisor, Department of the Timetable: concept of fishing business. Treasury, Internal Revenue Service, Timetable: Action Date FR Cite 1111 Constitution Avenue NW, NPRM 06/00/06 Washington, DC 20224 Action Date FR Cite Phone: 202 622–3120 Regulatory Flexibility Analysis NPRM 06/00/06 Required: No RIN: 1545–BE14 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No 2506. CAPITALIZATION OF AMOUNTS Government Levels Affected: None Government Levels Affected: None PAID TO REPAIR OR IMPROVE Additional Information: REG-161695-04 Additional Information: REG-105248-04 TANGIBLE PROPERTY Drafting attorney: Amy J. Pfalzgraf (202) Drafting attorney: Susan T. Baker (202) Priority: Substantive, Nonsignificant. 622-4950 622-3930 Major status under 5 USC 801 is Treasury attorney: John Cross (202) undetermined. Treasury attorneys: John Harrington 622-2578 (202) 622-0589 Legal Authority: 26 USC 7805 CC: ITA Michael Novey (202) 622-1339 CFR Citation: 26 CFR 1 Agency Contact: Amy J. Pfalzgraf, CC: FI Legal Deadline: None Attorney–Advisor, Department of the

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TREAS—IRS Proposed Rule Stage

Treasury, Internal Revenue Service, Timetable: Phone: 202 622–3080 1111 Constitution Avenue NW, Action Date FR Cite Related RIN: Related to 1545–BE29 Washington, DC 20224 Phone: 202 622–4950 NPRM 12/00/06 RIN: 1545–BE28 Related RIN: Related to 1545–BE39 Regulatory Flexibility Analysis Required: Undetermined 2511. TRACTORS, TRAILERS, RIN: 1545–BE23 Government Levels Affected: None TRUCKS, AND TIRES Additional Information: REG-103039-05 Priority: Substantive, Nonsignificant. 2508. SECTION 6011 REGULATIONS Major status under 5 USC 801 is Drafting attorney: Tara P. Volungis undetermined. Priority: Substantive, Nonsignificant (202) 622-3080 Legal Authority: 26 USC 7805 Legal Authority: 26 USC 6011; 26 USC Reviewing attorney: Christine Ellison 7805 (202) 622-3080 CFR Citation: 26 CFR 48 CFR Citation: 26 CFR 1 Treasury attorney: Michael Desmond Legal Deadline: None Legal Deadline: None (202) 622-1981 Abstract: This project will provide Abstract: These regulations are an CC:PSI guidance on trucks, tractors, trailers, update to the taxpayer disclosure Agency Contact: Tara P. Volungis, and tires in light of legislative changes regulations for reportable transactions Attorney–Advisor, Department of the and litigation. under section 1.6011-4. Treasury, Internal Revenue Service, Timetable: Timetable: 1111 Constitution Avenue NW, Action Date FR Cite Washington, DC 20224 Action Date FR Cite Phone: 202 622–3080 NPRM 09/00/06 NPRM 12/00/06 Related RIN: Related to 1545–BE27 Regulatory Flexibility Analysis Required: Undetermined Regulatory Flexibility Analysis RIN: 1545–BE26 Required: Undetermined Government Levels Affected: Undetermined Government Levels Affected: None 2510. SECTION 6112 REGULATIONS Federalism: Undetermined Additional Information: REG-103038-05 Priority: Substantive, Nonsignificant Additional Information: REG-103380-05 Drafting attorney: Tara P. Volungis Legal Authority: 26 USC 6112; 26 USC (202) 622-3080 7805 Drafting attorney: Celia Gabrysh (202) 622-3130 Reviewing attorney: Christine Ellison CFR Citation: 26 CFR 301 Reviewing attorneys: Barbara Franklin (202) 622-3080 Legal Deadline: None (202) 622-3130 and Lewis Fernandez Treasury attorney: Michael Desmond Abstract: The regulations are an update (202) 622-3000 (202) 622-1981 to the list maintenance regulations Treasury attorney: John Parcell (202) under section 6112 to take into account CC: PSI 622-2578 changes to the statute made in the Agency Contact: Tara P. Volungis, ‘‘American Jobs Creation Act of 2004.’’ CC: PSI Attorney–Advisor, Department of the Treasury, Internal Revenue Service, Timetable: Agency Contact: Celia A. Gabrysh, Attorney–Advisor, Department of the 1111 Constitution Avenue NW, Action Date FR Cite Washington, DC 20224 Treasury, Internal Revenue Service, Phone: 202 622–3080 NPRM 12/00/06 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Washington, DC 20224 Related RIN: Related to 1545–BE25 Required: Undetermined Phone: 202 622–3130 RIN: 1545–BE24 Government Levels Affected: None RIN: 1545–BE31 Additional Information: REG-103043-05 2509. SECTION 6111 REGULATIONS 2512. RELEASE OF LIEN OR Drafting attorney: Tara P. Volungis DISCHARGE OF PROPERTY Priority: Substantive, Nonsignificant (202) 622-3080 Priority: Info./Admin./Other Legal Authority: 26 USC 6111; 26 USC Reviewing attorney: Christine Ellison 7805 (202) 622-3080 Legal Authority: 26 USC 6325; 26 USC CFR Citation: 26 CFR 301 Treasury attorney: Michael Desmond 6503; 26 USC 7426; 26 USC 7805 Legal Deadline: None (202) 622-1981 CFR Citation: 26 CFR 1 Abstract: These regulations are for CC: PSI Legal Deadline: None section 6111, as revised under the Agency Contact: Tara P. Volungis, Abstract: Proposed regulations that American Jobs Creation Act of 2004, Attorney–Advisor, Department of the reflect the enactment of sections which will provide the rules for Treasury, Internal Revenue Service, 6325(b)(4), 7426(a)(4) and (b)(5), and material advisors regarding disclosure 1111 Constitution Avenue NW, 6503(f)(2) of the IRS Restructuring and of reportable transactions. Washington, DC 20224 Reform Act of 1998, giving third-party

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owners of property administrative and Treasury, Internal Revenue Service, 2515. BALANCED SYSTEM FOR judicial remedies to discharge tax liens 1111 Constitution Avenue NW, MEASURING ORGANIZATIONAL AND from their property. Washington, DC 20224 EMPLOYEE PERFORMANCE WITHIN Timetable: Phone: 202 622–4950 THE INTERNAL REVENUE SERVICE Priority: Substantive, Nonsignificant Action Date FR Cite Related RIN: Related to 1545–BE23 NPRM 04/00/06 Legal Authority: 5 USC 9501; 26 USC RIN: 1545–BE39 7804; PL 105–206, sec 1201; PL Regulatory Flexibility Analysis 105–206, sec 1204; 26 USC 7805; . . . Required: No 2514. DEFINITION OF DEPENDENT CFR Citation: 26 CFR 801 Government Levels Affected: None AND OTHER RELATED PROVISIONS Legal Deadline: None Additional Information: REG-159444-04 Priority: Drafting attorney: Debra A. Kohn (202) Substantive, Nonsignificant. Abstract: The IRS will issue a notice 622-3620 Major status under 5 USC 801 is of proposed rulemaking to accompany undetermined. temporary regulations amending 26 Reviewing attorney: Lawrence CFR part 801 to remove limitations on Schattner (202) 622-3620 Unfunded Mandates: Undetermined use of quantity measures in measuring and evaluating organizational and Treasury attorney: Michael Desmond Legal Authority: 26 USC 7805; 26 USC (202) 622-1981 employee performance, and to add 152 CC: PA: CBS examples of proper use of quantity CFR Citation: Not Yet Determined measures and records of tax Agency Contact: Debra A. Kohn, enforcement results. Attorney, Department of the Treasury, Legal Deadline: None Internal Revenue Service, 1111 Timetable: Constitution Avenue NW, Washington, Abstract: This project will update Action Date FR Cite regulations under sections 2, 151, 152, DC 20224 NPRM 10/00/06 Phone: 202 622–3620 and other sections of the Internal Email: Revenue Code that refer to the Regulatory Flexibility Analysis [email protected] definition of ‘‘dependent’’ in section Required: No RIN: 1545–BE35 152, as amended by the Working Small Entities Affected: No Families Tax Relief Act of 2004. Government Levels Affected: Federal 2513. FARMER AND FISHERMAN Timetable: Additional Information: REG-114444-05 INCOME AVERAGING UNDER THE Action Date FR Cite AMERICAN JOBS CREATION ACT OF Drafting attorney: Karen Keller (202) 2004 (AJCA) (TEMPORARY) NPRM 12/00/06 283-7919 Priority: Substantive, Nonsignificant Reviewing attorney: Neil B. Worden Regulatory Flexibility Analysis (202) 283-7911 Legal Authority: 26 USC 1301; 26 USC Required: No 7805 Treasury attorney: Michael Desmond Small Entities Affected: No (202) 622-1981 CFR Citation: 26 CFR 1 CC:GLS:CL Legal Deadline: None Government Levels Affected: None Agency Contact: Karen Keller, Abstract: The project will amend the Additional Information: REG-106682-05 farm income averaging regulations Attorney, Department of the Treasury, under section 1.1301-1 to include the Drafting attorney: Victoria J. Driscoll Internal Revenue Service, 1111 concept of fishing business. (202) 622-4920 Constitution Avenue NW, Washington, DC 20224 Timetable: Reviewing attorney: Michael J. Phone: 202 622–7919 Action Date FR Cite Monterurro (202) 622-4920 Related RIN: Related to 1545–BE46 Temporary Regulation 06/00/06 Treasury attorney: Eric San Juan (202) RIN: 1545–BE45 Regulatory Flexibility Analysis 622-0224 Required: Undetermined CC: ITA 2516. INFORMATION RETURNS Government Levels Affected: None REQUIRED WITH RESPECT TO Additional Information: REG-161695-04 Agency Contact: Victoria J. Driscoll, CERTAIN FOREIGN CORPORATIONS Attorney–Advisor, Department of the AND OTHER CONFORMING CHANGES Drafting attorney: Amy J. Pfalzgraf (202) Treasury, Internal Revenue Service, 622-4950 Priority: Substantive, Nonsignificant. 1111 Constitution Avenue NW, Major status under 5 USC 801 is Treasury attorney: John Parcell (202) Washington, DC 20224 undetermined. 622-2578 Phone: 202 622–4920 Legal Authority: 26 USC 7805 CC: ITA Fax: 202 622–6853 CFR Citation: 26 CFR 1 Agency Contact: Amy J. Pfalzgraf, RIN: 1545–BE40 Attorney–Advisor, Department of the Legal Deadline: None

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TREAS—IRS Proposed Rule Stage

Abstract: This regulation will provide Treasury, Internal Revenue Service, Timetable: guidance regarding accounting methods 1111 Constitution Avenue NW, Action Date FR Cite and penalties under section 6038. Washington, DC 20224 NPRM 07/00/06 Timetable: Phone: 202 622–3110 Related RIN: Related to 1545–BE56 Regulatory Flexibility Analysis Action Date FR Cite Required: No RIN: 1545–BE55 NPRM 12/00/06 Government Levels Affected: None Regulatory Flexibility Analysis Additional Information: REG-127586-05 Required: No 2518. RESEARCH EXPENDITURES RESULTING IN INVENTORY Drafting attorney: Christopher A. Government Levels Affected: None PROPERTY Crouch (202) 622-6090 Additional Information: REG-109512-05 Priority: Substantive, Nonsignificant Reviewing attorney: Linda S. Marshall Drafting attorney: Kate Y. Hwa (202) Legal Authority: 26 USC 174; 26 USC (202) 622-6090 622-3840 7805 Treasury attorney: Harlan Weller (202) Reviewing attorney: Phyllis Marcus CFR Citation: 26 CFR 1 622-1001 (202) 622-3840 Legal Deadline: None CC: TEGE Treasury attorney: John Harrington Agency Contact: Christopher A. (202) 622-0589 Abstract: The regulations will address the treatment, under section 174, of Crouch, Attorney Advisor, Department CC:INTL amounts paid or incurred for the direct of the Treasury, Internal Revenue Agency Contact: Kate Y. Hwa, labor and materials used to construct Service, 1111 Constitution Avenue NW, Attorney–Advisor, Department of the property to be sold to third parties. CC: TEGE: EB: QP1, Washington, DC 20224 Treasury, Internal Revenue Service, Timetable: 1111 Constitution Avenue NW, Phone: 202 622–6090 Washington, DC 20224 Action Date FR Cite Fax: 202 927–1851 Email: christopher.a.crouch@ Phone: 202 622–3840 NPRM 06/00/06 irscounsel.treas.gov RIN: 1545–BE47 Regulatory Flexibility Analysis RIN: 1545–BE69 Required: No 2517. SPECIAL DEPRECIATION Small Entities Affected: No ALLOWANCE—EXTENDED 2520. INFORMATION REPORTING ON Government Levels Affected: REAL ESTATE TRANSACTIONS PLACED–IN–SERVICE DATE Undetermined Priority: Info./Admin./Other Priority: Substantive, Nonsignificant Additional Information: REG-124148-05 Legal Authority: 26 USC 7805 Legal Authority: 26 USC 6011; 26 USC Drafting attorney: Nicole R. Cimino 6045 CFR Citation: 26 CFR 1 (202) 622-3120 CFR Citation: 26 CFR 1 Legal Deadline: None Reviewing attorney: Leslie Finlow (202) Legal Deadline: None Abstract: Provides rules relating to 622-3120 property that is eligible for extended Treasury attorney: Sharon Kay (202) Abstract: This regulation amends 26 placed-in-service date for purposes of 622-0865 CFR section 1.6045-4 of the Income Tax the first year depreciation allowance. Regulations by providing that a sale or CC:PSI exchange of an interest in timber for Timetable: Agency Contact: Nicole R. Cimino, an outright or a lump sum amount is Action Date FR Cite Attorney–Advisor, Department of the subject to information reporting under Treasury, Internal Revenue Service, 26 U.S.C. section 6045(e). NPRM 06/00/06 1111 Constitution Avenue NW, Timetable: Regulatory Flexibility Analysis Washington, DC 20224 Required: No Phone: 202 622–3120 Action Date FR Cite Small Entities Affected: No RIN: 1545–BE64 NPRM 12/00/06 Government Levels Affected: None Regulatory Flexibility Analysis Additional Information: REG-120914-05 2519. SECTION 401(A)(4) GUIDANCE Required: No Drafting attorney: Patrick S. Kirwan Priority: Substantive, Nonsignificant Government Levels Affected: None (202) 622-3110 Legal Authority: 26 USC 401; 26 USC Additional Information: REG-155669-04 Reviewing attorney: Kathleen Reed 7805 Drafting attorney: Tatiana Belenkaya (202) 622-3110 CFR Citation: 26 CFR 1 (202) 622-4910 Treasury reviewer: George Manousos Legal Deadline: None Reviewing attorney: James C. Gibbons (202) 622-1335 (202) 622-4910 Abstract: Provide additional guidance CC:PSI on satisfying the section 401(a)(4) CC:PA:APJ Agency Contact: Patrick S. Kirwan, nondiscrimination requirement with Agency Contact: Tatiana L. Belenkaya, Attorney–Advisor, Department of the respect to benefits or contributions. Attorney, Department of the Treasury,

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TREAS—IRS Proposed Rule Stage

Internal Revenue Service, 1111 2522. FOREIGN CURRENCY Agency Contact: Ross E. Poulsen, Constitution Avenue NW, Washington, CONTRACT DEFINED (TEMPORARY) Attorney–Advisor, Department of the DC 20224 Priority: Substantive, Nonsignificant Treasury, Internal Revenue Service, Phone: 202 622–4910 1111 Constitution Avenue NW, Legal Authority: 26 USC 1256(g)(2); 26 Washington, DC 20224 RIN: 1545–BE73 USC 7805 Phone: 202 622–7770 CFR Citation: 26 CFR 1 RIN: 1545–BE85 2521. START–UP AND Legal Deadline: None ORGANIZATIONAL EXPENDITURES Abstract: The regulations relates to the 2524. TARGETED POPULATIONS Priority: Substantive, Nonsignificant definition of a foreign currency contract UNDER SECTION 45D(E)(2) for purposes of section 1256(g)(2) of the Priority: Substantive, Nonsignificant Legal Authority: 26 USC 195; 26 USC Internal Revenue Code. 248; 26 USC 709; 26 USC 7805 Legal Authority: 26 USC 450; 26 USC Timetable: 7805 CFR Citation: 26 CFR 1 Action Date FR Cite CFR Citation: 26 CFR 1 Legal Deadline: None NPRM 12/00/06 Legal Deadline: None Abstract: The proposed regulations Regulatory Flexibility Analysis Abstract: The regulation provides implement the changes to sections 195, Required: No guidance under section 45D regarding 248, and 709 of the Internal Revenue Small Entities Affected: No how an entity meets the requirements Code, made by section 902 of the to be a qualified active low-income Government Levels Affected: None American Jobs Creation Act of 2004 community business for purposes of the (Pub. L. No. 108-357). Under the Act, Additional Information: REG-120934-05 new markets tax credit when its a corporate taxpayer may elect to Drafting attorney: Stephen J. Coleman activities involve targeted populations. deduct up to $5000 of start-up (202) 622-6289 Timetable: expenditures and $5000 of organizational expenditures in the CC:FI Action Date FR Cite taxable year in which the trade or Agency Contact: Stephen J. Coleman, NPRM 12/00/06 business begins. The remainder of the Attorney–Advisor, Department of the Regulatory Flexibility Analysis start-up or organizational expenditures Treasury, Internal Revenue Service, Required: No are allowed as deductions ratably over 1111 Constitution Avenue NW, the 180-month period beginning with Washington, DC 20224 Small Entities Affected: No the month the corporation begins Phone: 202 622–6289 Government Levels Affected: business. Similar rules are provided for Related RIN: Related to 1545–BE82 Undetermined organizational and syndication fees for Additional Information: REG-142339-05 partnerships. RIN: 1545–BE83 Drafting attorney: Lauren R. Taylor Timetable: (202) 622-3040 2523. LIFE/NON–LIFE TACKING RULE Action Date FR Cite Reviewing attorney: Susan Reaman Priority: Substantive, Nonsignificant (202) 622-3040 NPRM 06/00/06 Legal Authority: 26 USC 1502; 26 USC Treasury attorney: Sharon Kay (202) Regulatory Flexibility Analysis 7805; 26 USC 1503(c); 26 USC 1504(c) 622-0865 Required: Undetermined CFR Citation: 26 CFR 1 CC:PSI Small Entities Affected: Businesses Legal Deadline: None Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of Government Levels Affected: None Abstract: The proposed regulations address the tacking rule requirement the Treasury, Internal Revenue Service, Additional Information: REG-164965-04 relating to the separation of profit and 1111 Constitution Avenue NW, Room loss activities. 5111, Washington, DC 20224 Drafting attorney: Grace K. Matuszeski Phone: 202 622–3040 Timetable: (202) 622-7900 Fax: 202 622–4753 Action Date FR Cite Treasury attorney: George Manousos RIN: 1545–BE89 (202) 622-1335 NPRM 06/00/06 Regulatory Flexibility Analysis CC: ITA 2525. RAILROAD TRACK Required: No MAINTENANCE CREDIT Agency Contact: Grace Matuszeski, Small Entities Affected: No Priority: Substantive, Nonsignificant Attorney–Advisor, Department of the Government Levels Affected: Treasury, Internal Revenue Service, None Legal Authority: 26 USC 7805 1111 Constitution Avenue NW, Additional Information: REG-133036-05 CFR Citation: 26 CFR 1 Washington, DC 20224 Drafting attorney: Ross E. Poulsen (202) Legal Deadline: None Phone: 202 622–7900 622-7770 Abstract: These regulations provide RIN: 1545–BE77 CC: COR guidance on claiming the railroad track

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TREAS—IRS Proposed Rule Stage

maintenance credit under section 45G CC:PSI: 2 Legal Deadline: None of the Internal Revenue Code. Agency Contact: Bradford R. Poston, Abstract: These proposed regulations Timetable: Senior Counsel, Department of the intend to provide guidance under Action Date FR Cite Treasury, Internal Revenue Service, sections 704, 734, 743, and 755 as 1111 Constitution Avenue NW, amended by the American Jobs NPRM 04/00/06 Washington, DC 20224 Creation Act of 2004 regarding the Regulatory Flexibility Analysis Phone: 202 622–3060 disallowance of certain partnership loss Required: Undetermined RIN: 1545–BE95 transfers, and no reduction of basis in stock held by a partnership in a Government Levels Affected: corporate partner. Undetermined 2527. CAPITAL COSTS INCURRED TO Timetable: Additional Information: REG-142270-05 COMPLY WITH EPA SULFUR Action Date FR Cite Drafting attorney: Charles J. Magee REGULATIONS (202) 622-3110 Priority: Substantive, Nonsignificant NPRM 04/00/06 Reviewing attorney: Kathleen Reed Legal Authority: 26 USC 7805 Regulatory Flexibility Analysis Required: No (202) 622-3110 CFR Citation: 26 CFR 1 Government Levels Affected: Treasury attorney: Sharon Kay (202) Legal Deadline: None 622-0865 Undetermined Abstract: This regulation provides CC: PSI Federalism: Undetermined guidance under section 179B of the Agency Contact: Charles Magee, Internal Revenue Code relating to EPA Additional Information: REG-144468-05 Attorney–Advisor, Department of the sulfur. Drafting attorneys: Barbara J. Campbell Treasury, Internal Revenue Service, Timetable: and Sean I. Kahng (202) 622-3050 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224 Action Date FR Cite CC:PSI Phone: 202 622–3110 NPRM 06/00/06 Agency Contact: Sean I. Kahng, Fax: 202 622–4779 Attorney, Department of the Treasury, Regulatory Flexibility Analysis Internal Revenue Service, 1111 Related RIN: Related to 1545–BE91 Required: Undetermined Constitution Avenue NW, Washington, RIN: 1545–BE90 Small Entities Affected: Businesses DC 20224 Government Levels Affected: Phone: 202 622–3050 2526. S CORPORATION GUIDANCE Undetermined UNDER AMERICAN JOBS CREATION Barbara Campbell, Attorney–Advisor, Additional Information: REG-143453-05 ACT OF 2004 Department of the Treasury, Internal Drafting attorney: Douglas Kim (202) Revenue Service, 1111 Constitution Priority: Substantive, Nonsignificant 622-3110 Avenue NW, Washington, DC 20224 Legal Authority: 26 USC 1361; 26 USC Phone: 202 622–3050 Reviewing attorney: Kathleen Reed 1362; 26 USC 1366; 26 USC 7805 (202) 622-3110 RIN: 1545–BE98 CFR Citation: 26 CFR 1 Treasury attorney: John Parcell (202) Legal Deadline: None 622-2578 2529. SECTION 704(C) AND 737 Abstract: This regulation revises S CC: PSI REGULATIONS UPDATE corporation regulations under section Agency Contact: Douglas Kim, Priority: Substantive, Nonsignificant 1361 and other affected code sections Attorney–Advisor, Department of the Legal Authority: to reflect provisions of (AJCA) 26 USC 7805; 26 USC Treasury, Internal Revenue Service, ‘‘American Jobs Creation Act of 2004’’ 704; 26 USC 737 1111 Constitution Avenue NW, & GOZA, including family shareholder CFR Citation: 26 CFR 1 Washington, DC 20224 rules under Act section 231; also Phone: 202 622–3110 Legal Deadline: None updates or replaces obsolete references in regulations. Related RIN: Related to 1545–BE97 Abstract: This proposed rule will modify regulations under sections 704 Timetable: RIN: 1545–BE96 and 737 consistent with Notice 2005- Action Date FR Cite 15. NPRM 06/00/06 2528. DISALLOWANCE OF Timetable: PARTNERSHIP LOSS TRANSFERS Regulatory Flexibility Analysis AND BASIS REDUCTION IN STOCK Action Date FR Cite Required: No OF A CORPORATE PARTNER NPRM 06/00/06 Small Entities Affected: No Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Government Levels Affected: None Legal Authority: 26 USC 704; 26 USC Required: No Additional Information: REG-143326-05 734; 26 USC 743; 26 USC 755; 26 USC Small Entities Affected: No Drafting attorney: Bradford R. Poston 7805 Government Levels Affected: (202) 622-3060 CFR Citation: 26 CFR 1 Undetermined

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Additional Information: REG-143397-05 Phone: 202 622–6080 Small Entities Affected: No Drafting attorney: Laura C. Fields (202) Related RIN: Related to 1545–BF01 Government Levels Affected: 622-3050 RIN: 1545–BF00 Undetermined Reviewing attorney: Beverly Katz (202) Additional Information: REG-147282-05 622-3050 2531. ∑ ELECTION TO EXPENSE Drafting attorney: Taylor Cortright Treasury attorney: Matthew Lay (202) CERTAIN REFINERIES (202)622-3130 622-1788 Priority: Substantive, Nonsignificant Reviewing attorneys: Frank Boland CC:PSI Legal Authority: 26 USC 7805; 26 USC (202) 622-3130 and Lewis Fernandez Agency Contact: Laura C. Fields, 179C (202) 622-3000 Attorney–Advisor, Department of the CFR Citation: 26 CFR 1 Treasury attorney: John Parcell (202) Treasury, Internal Revenue Service, 622-2578 1111 Constitution Avenue NW, Legal Deadline: None CC:PSI Washington, DC 20224 Abstract: Provide guidance under Phone: 202 622–3050 section 179C of the Internal Revenue Agency Contact: Taylor Cortright, Code. Attorney, Department of the Treasury, Heather L. Faught, Attorney–Advisor, Timetable: Internal Revenue Service, 1111 Department of the Treasury, Internal Constitution Avenue NW, Washington, Revenue Service, 1111 Constitution Action Date FR Cite DC 20224 Avenue NW, Washington, DC 20224 NPRM 06/00/06 Phone: 202 622–3130 Phone: 202 622–3060 Regulatory Flexibility Analysis RIN: 1545–BF07 RIN: 1545–BE99 Required: Undetermined Small Entities Affected: Businesses 2533. ∑ NUCLEAR DECOMMISSIONING 2530. CAFETERIA PLANS Government Levels Affected: COST Priority: Substantive, Nonsignificant Undetermined Priority: Substantive, Nonsignificant Legal Authority: 26 USC 125 Additional Information: REG-146895-05 Legal Authority: Not Yet Determined CFR Citation: 26 CFR 1 Drafting attorney: Charles Magee (202) CFR Citation: Not Yet Determined 622-3110 Legal Deadline: None Legal Deadline: None Reviewing attorney: Kathleen Reed Abstract: Proposed regulations on (202) 622-3110 Abstract: Proposed regulations under cafeteria plans (employee welfare the Energy tax Incentives Act of 2005 Treasury attorney: John Parcell (202) benefit plans allowing employees to concerning nuclear decommissioning 622-2578 choose between taxable benefits and costs. CC:PSI nontaxable benefits (e.g., employer- Timetable: provided accident and health plans, Agency Contact: Charles Magee, group term life insurance or dependent Attorney–Advisor, Department of the Action Date FR Cite care assistance programs). Treasury, Internal Revenue Service, NPRM 06/00/06 Timetable: 1111 Constitution Avenue NW, Room Regulatory Flexibility Analysis 5114, Washington, DC 20224 Action Date FR Cite Required: No Phone: 202 622–3110 NPRM 06/00/06 Fax: 202 622–4779 Small Entities Affected: No Regulatory Flexibility Analysis Related RIN: Related to 1545–BF06 Government Levels Affected: None Required: No RIN: 1545–BF05 Additional Information: REG-147290-05 Small Entities Affected: No Drafting attorney: Bernard P. Harvey Government Levels Affected: None 2532. ∑ CREDIT CARD CLAIMS (202) 622-3110 Additional Information: REG-142695-05 Priority: Substantive, Nonsignificant Reviewing attorney: Peter C. Friedman (202) 622-3110 Drafting attorney: Elizabeth A. Purcell Legal Authority: 26 USC 7805; 26 USC (202) 622-6080 6416 Treasury attorney: John Parcell (202) Reving attorney: Harry Beker (202) 622- CFR Citation: 26 CFR 48 622-2578 6080 Legal Deadline: None CC:PSI Treasury attorney: Kevin Knopf (202) Abstract: Refunds of excise taxes on Agency Contact: Bernard P. Harvey III, 622-2329 exempt sales of fuel by credit card. Attorney–Advisor, Department of the CC: TEGE Treasury, Internal Revenue Service, Timetable: 1111 Constitution Avenue NW, Agency Contact: Elizabeth A. Purcell, Action Date FR Cite Washington, DC 20224 Attorney–Advisor, Department of the Phone: 202 622–3110 Treasury, Internal Revenue Service, NPRM 12/00/06 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Related RIN: Related to 1545–BF09 Washington, DC 20224 Required: No RIN: 1545–BF08

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TREAS—IRS Proposed Rule Stage

2534. ∑ CLEAN RENEWABLE ENERGY Legal Deadline: None Regulatory Flexibility Analysis BONDS Abstract: The proposed notice of Required: Undetermined Priority: Substantive, Nonsignificant proposed rulemaking designates as non- Government Levels Affected: None taxable certain asset transfers between Legal Authority: PL 109–58 sec Additional Information: REG-152043-05 individual debtors and their bankruptcy 1303(d); 26 USC 7805 estates that occur at the commencement Drafting Attorney: Marnette M. Myers CFR Citation: 26 CFR 1 of the bankruptcy case, after (202) 622-4920 Legal Deadline: None commencement and before termination CC: ITA of the bankruptcy estate, and upon the Abstract: Newly added section 54 of Agency Contact: Marnette M Myers, termination of the estate. The Attorney, Department of the Treasury, the Code allows certain specified regulations provide specific rules entities to issue Clean Renewable Internal Revenue Service, 1111 governing the succession of tax Constitution Ave NW, Washington, DC Energy Bonds. Taxpayers who purchase attributes by the estate and the debtor these bonds are entitled to a credit 20224 in connection with these non-taxable Phone: 202 622–4920 against income tax in lieu of receiving transfers. The regulations also define interest payments from the Clean the section 1398 phrase ‘‘termination of RIN: 1545–BF14 Renewable Energy Bond issuers. These the estate.’’ regulations explain the requirements for Timetable: 2537. ∑ REVISION OF TREASURY issuing the bonds and for claiming the REGULATION SECTION 1.1561–3 TO tax credit. Action Date FR Cite COMPLY WITH COMMISSIONER’S Timetable: NPRM 06/00/06 E–FILE PROGRAM AND WITH THE Action Date FR Cite Regulatory Flexibility Analysis RECOMMENDATIONS OF TIGTA Required: No REPORT NPRM 04/00/06 Government Levels Affected: None Priority: Info./Admin./Other Regulatory Flexibility Analysis Required: No Additional Information: REG-116372-03 Legal Authority: 26 USC 1561; 26 USC 7805 Small Entities Affected: Businesses Drafting attorney: Laurence K. Williams (202) 622-3600 CFR Citation: 26 CFR 1 Government Levels Affected: Local, Legal Deadline: None State, Tribal Reviewing attorney: Michael Gompertz (202) 622-3620 Abstract: A proposed regulation under Additional Information: REG-148071-05 Treasury attorney: Michael Desmond Treasury Regulation section 1.1561-3(b) Drafting attorney: Aviva M. Roth (202) (202) 622-1981 will delete the current requirements of 622-3980 CC: PA: CBS that regulation that each component member of a controlled group of Reviewing attorney: Timothy L. Jones Agency Contact: Laurence K. Williams, (202) 622-1380 corporations (as defined in I.R.C. Attorney, Department of the Treasury, section 1563(a) files: (1) With its Treasury attorney: John Cross (202) Internal Revenue Service, 1111 service center an original signed 622-1322 Constitution Avenue NW, Washington, statement consenting to an unequal DC 20224 CC: TEGE allocation of the income tax bracket Phone: 202 622–3600 amount among all the members of the Agency Contact: Aviva M. Roth, RIN: 1545–BF13 group and (2) with its return each year Attorney, Department of the Treasury, a copy of such consent. These Internal Revenue Service, 1111 requirements are not compatible with Constitution Avenue NW, Room 4013, 2536. ∑ RULES UNDER SECTION 302 the Commissioner’s e-file program Washington, DC 20224 OF THE KATRINA EMERGENCY TAX (which cannot accept signatures, other Phone: 202 622–3980 RELIEF ACT OF 2005 than electronic signatures for forms, Email: Priority: Substantive, Nonsignificant and which can only with great [email protected] Legal Authority: PL 109–73, sec 302; difficulty and cost accept copies of Related RIN: Related to 1545–BF12 26 USC 7805 taxpayer-prepared documents). The RIN: 1545–BF11 CFR Citation: 26 CFR 1 project proposes to amend Treasury Regulation section1.1561-3(b) to require Legal Deadline: None that such component members file a 2535. ∑ FEDERAL INCOME TAX Abstract: This regulation will provide form (to be developed concurrently CONSEQUENCES OF TRANSFERS rules relating to the $500 deduction with this project) providing the BETWEEN AN INDIVIDUAL DEBTOR from taxable income allowed under information which will allow the IRS AND THE BANKRUPTCY ESTATE IN section 302 of the Katrina Emergency to determine if the allocation is correct. CASES UNDER CHAPTERS 7 AND 11 Tax Relief Act of 2005 (KETRA) to The new form also addresses concerns OF TITLE 11 OF THE UNITED STATES individuals for housing a Hurricane slated in a recent TIGTA Report that CODE Katrina displaced individual. component members were not properly Priority: Substantive, Nonsignificant Timetable: allocating the tax bracket amount and that the IRS did not have the Legal Authority: 26 USC 7805 Action Date FR Cite information to determine whether or CFR Citation: 26 CFR 1 NPRM 06/00/06 not the allocation was correct.

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TREAS—IRS Proposed Rule Stage

Timetable: Reviewing attorney: Frank Boland (202) 2540. ∑ PROCEDURES FOR Action Date FR Cite 622-3130 and Lewis Fernandez (202) ADMINISTRATIVE REVIEW OF A 622-3000 DETERMINATION THAT AN NPRM 06/00/06 AUTHORIZED RECIPIENT HAS FAILED Regulatory Flexibility Analysis Treasury attorney: John Parcell (202) TO SAFEGUARD FEDERAL TAX Required: No 622-2578 RETURNS OR RETURN INFORMATION Small Entities Affected: No CC:PSI Priority: Substantive, Nonsignificant Government Levels Affected: None Agency Contact: Susan Athy, Legal Authority: 26 USC 7805 Additional Information: REG-134317-05 Attorney–Advisor, Department of the CFR Citation: 26 CFR 301 Drafting attorney: Grid R. Glyer (202) Treasury, Internal Revenue Service, Legal Deadline: None 622-7930 1111 Constitution Avenue NW, Washington, DC 20224 Abstract: Treasury regulation section Reviewing attorney: Steve Hankin (202) Phone: 202 622–3130 301.6103(p)(7)-1 is withdrawn. The 622-7930 NPRM and cross-referenced temporary CC: COR RIN: 1545–BF17 regulation provide the notice, appeal, and disclosure termination procedures Agency Contact: Grid R. Glyer, applicable to authorized recipients of ∑ Attorney, Department of the Treasury, 2539. CREDIT FOR PRODUCTION Federal tax returns and return Internal Revenue Service, 1111 FROM ADVANCED NUCLEAR POWER information who fail to provide proper Constitution Avenue NW, Washington, FACILITIES safeguarding of the information. DC 20224 Phone: 202 622–7930 Priority: Substantive, Nonsignificant Timetable: RIN: 1545–BF16 Legal Authority: 26 USC 7805; 26 USC Action Date FR Cite 45J NPRM 02/24/06 71 FR 9487 ∑ NPRM Comment 05/25/06 2538. ALCOHOL FUEL AND CFR Citation: Not Yet Determined Period End BIODIESEL Final Action 02/00/09 Legal Deadline: None Priority: Substantive, Nonsignificant. Regulatory Flexibility Analysis Major status under 5 USC 801 is Abstract: Regulations will provide Required: No undetermined. guidance for implementation of new Small Entities Affected: No Legal Authority: 26 USC 6426; 26 USC section 45J; in particular, regulations 6427(e); 26 USC 40 A; 26 USC 40; 26 will provide a certification process for Government Levels Affected: None USC 34; 26 USC 7805 approval and allocation of the national Additional Information: REG-157271-05 megawatt limitation. CFR Citation: 48 CFR 6425; 48 CFR Drafting attorney: Melinda K. Fisher 6427 Timetable: (202) 622-4580 Legal Deadline: None Action Date FR Cite Reviewing attorney: Margo L. Stevens Abstract: Sections 40A,6426, and (202) 622-4560 NPRM 06/00/06 6427(e) were added to the Internal CC:PA:DL Revenue Code (Code) by the American Regulatory Flexibility Analysis Agency Contact: Melinda K. Fisher, Jobs Creation Act of 2004 (Pub. L. 108- Required: No 357)(ACT). The Act also amended Attorney, Department of the Treasury, section 40 of the Code. These Code Small Entities Affected: No Internal Revenue Service, 1111 provisions relate to credits for alcohol Constitution Avenue NW, Washington, and biodiesel used as a fuel and credits Government Levels Affected: DC 20024 and payments for alcohol fuel and Undetermined Phone: 202 622–4580 biodiesel mixtures. The regulations will Additional Information: REG-157616-05 Related RIN: Previously reported as provide guidance on these Code 1545–BF22 sections. Drafting attorney: Patrick S. Kirwan RIN: 1545–BF21 Timetable: (202) 622-3110 Action Date FR Cite CC:PSI 2541. ∑ SUBCHAPTER S BANKS NPRM 06/00/06 Agency Contact: Patrick S. Kirwan, Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Attorney–Advisor, Department of the Legal Authority: 26 USC 1363; 26 USC Required: Undetermined Treasury, Internal Revenue Service, 7805 Small Entities Affected: Businesses 1111 Constitution Avenue NW, Washington, DC 20224 CFR Citation: None Government Levels Affected: None Phone: 202 622–3110 Legal Deadline: None Additional Information: REG-155087-05 Related RIN: Related to 1545–BF20 Abstract: Application of special bank Drafting attorney: Susan Athy (202) rules under section 1363 to S 622-3130 RIN: 1545–BF19 corporation and QSub banks.

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TREAS—IRS Proposed Rule Stage

Timetable: Phone: 202 622–7930 Regulatory Flexibility Analysis Action Date FR Cite Related RIN: Related to 1545–BF26 Required: No NPRM 06/00/06 RIN: 1545–BF25 Government Levels Affected: None Regulatory Flexibility Analysis Additional Information: REG-152166-05 Required: ∑ No 2543. DEBT SATISFIED BY A Drafting attorney: Robin M. Tuczak Small Entities Affected: No PARTNERSHIP INTEREST (202) 622-3529 Priority: Substantive, Nonsignificant Government Levels Affected: None CC:NTA Additional Information: REG-158677-05 Legal Authority: 26 USC 108; 26 USC 704; 26 USC 752; 26 USC 7805 Agency Contact: Robin Tuczak, Drafting attorney: Laura C. Fields (202) Technical Advisor to the Special 622-3050 CFR Citation: 26 CFR 1 Counsel, Department of the Treasury, Reviewing attorney: Dianna Miosi (202) Legal Deadline: None Internal Revenue Service, 1111 622-3050 Abstract: Proposed regulations to Constitution Avenue NW, Washington, address partnership issues relating to DC 20224 Treasury attorney: Michael Novey (202) Phone: 202 622–3529 622-1339 the satisfaction of a debt with a partnership interest. Email: CC: PSI [email protected] Timetable: Agency Contact: Laura C. Fields, RIN: 1545–BF33 Attorney–Advisor, Department of the Action Date FR Cite Treasury, Internal Revenue Service, NPRM 09/00/06 ∑ 1111 Constitution Avenue NW, 2545. ACCURACY–RELATED Regulatory Flexibility Analysis Washington, DC 20224 PENALTIES Required: No Phone: 202 622–3050 Priority: Substantive, Nonsignificant Small Entities Affected: No RIN: 1545–BF24 Legal Authority: Government Levels Affected: USC 6662A; USC 6662; USC 6664; 26 USC 7805 Undetermined 2542. ∑ REVISION OF REGULATIONS CFR Citation: 26 CFR 1.6662A; 26 CFR TO COMPLY WITH COMMISSIONER’S Additional Information: REG-164370-05 1.6662; 26 CFR 1.6664 E–FILE PROGRAM Drafting attorney: Eric Lee (202) 622- Legal Deadline: Priority: Info./Admin./Other 3070 None Legal Authority: 26 USC 7805 Reviewing attorney: Mary Beth Collins Abstract: Proposed regulations (202) 622-3070 regarding the new provisions and CFR Citation: 26 CFR 301 Treasury attorney: Matthew Lay (202) amendments made to code sections Legal Deadline: None 622-1788 6662, 6662A, and 6664 by the Abstract: American Jobs Creation Act of 2004 The project will revise a CC: PSI number of regulations that present and the Gulf Opportunity Zone Act of impediments to e-filing. Agency Contact: Eric B. Lee, 2005. Attorney–Advisor, Department of the Timetable: Timetable: Treasury, Internal Revenue Service, Action Date FR Cite 1111 Constitution Avenue NW, Action Date FR Cite NPRM 06/00/06 Washington, DC 20224 NPRM 12/00/06 Phone: 202 622–3070 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No RIN: 1545–BF27 Required: No Small Entities Affected: No Government Levels Affected: None 2544. ∑ TAXPAYER ASSISTANCE Government Levels Affected: None ORDERS Additional Information: REG-160870-04 Additional Information: REG-161919-05 Priority: Substantive, Nonsignificant Drafting attorney: Laura R. Urich (202) Drafting attorney: Grid R. Glyer (202) Legal Authority: 26 USC 7811 (a); 26 622-4940 622-7930 USC 7805 CC: PA: APJ Reviewing attorneys: Theresa Abell CFR Citation: 42 CFR 301 (202) 622-7700 Agency Contact: Laura Rebecca Urich, Legal Deadline: None Attorney Advisor, Department of the Marc Countryman (202) 622-7530 Abstract: Proposed amendments to Treasury, Internal Revenue Service, Steve Hankin (202) 622-7930 Treasury Regulation section 301.7811- 1111 Constitution Avenue NW, CC: COR 1 to ensure that the regulation reflects Washington, DC 20224 Phone: 202 622–4940 Agency Contact: Grid R. Glyer, amendments to I.R.C. section 7811. Fax: 202 622–1585 Attorney, Department of the Treasury, Timetable: Email: Internal Revenue Service, 1111 [email protected] Constitution Avenue NW, Washington, Action Date FR Cite DC 20224 NPRM 06/00/06 RIN: 1545–BF40

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

2546. INCOME TAX—DEFINITION OF Timetable: Agency Contact: Theodore D. Setzer, QUALIFIED POSSESSION SOURCE Action Date FR Cite Attorney–Advisor, Department of the INVESTMENT INCOME FOR Treasury, Internal Revenue Service, PURPOSES OF PUERTO RICO AND NPRM 12/24/92 57 FR 61373 1111 Constitution Avenue NW, POSSESSION TAX CREDIT Final Action 06/00/06 Washington, DC 20224 Phone: 202 622–3870 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Required: No RIN: 1545–AM12 Legal Authority: 26 USC 7805; 26 USC Small Entities Affected: No 936 Government Levels Affected: None 2549. EARNINGS STRIPPING CFR Citation: 26 CFR 1 Additional Information: REG-208274-86 PAYMENTS Legal Deadline: None (INTL-978-86) Priority: Substantive, Nonsignificant Abstract: This regulation will provide Drafting attorney: Quyen Huynh (202) Legal Authority: 26 USC 7805 rules with respect to what constitutes 622-3880 qualified possession source investment CFR Citation: 26 CFR 1 Reviewing attorney: Elizabeth U. income for purposes of the Puerto Rico Karzon (202) 622-3880 Legal Deadline: None and possession tax credit. CC:INTL Abstract: This regulation addresses the Timetable: deductibility of interest under section Agency Contact: Quyen Huynh, Action Date FR Cite 163 being limited when paid by a Attorney–Advisor, Department of the corporation to related persons not NPRM 01/21/86 51 FR 2726 Treasury, Internal Revenue Service, subject to U.S. tax. Final Action 12/00/06 1111 Constitution Avenue NW, Washington, DC 20224 Timetable: Regulatory Flexibility Analysis Phone: 202 622–3880 Required: Undetermined Action Date FR Cite RIN: 1545–AJ93 NPRM 06/18/91 56 FR 27907 Government Levels Affected: None Hearing 09/25/91 Additional Information: REG-209013-86 2548. COMPUTATION OF A BRANCH’S Final Action 12/00/06 (INTL-44-86) TAXABLE INCOME; TAXATION OF Regulatory Flexibility Analysis Drafting attorney: Thomas A. Vidano EXCHANGE GAIN OR LOSS ON Required: No BRANCH REMITTANCES (202) 435-5265 Small Entities Affected: No Priority: Substantive, Nonsignificant Reviewing attorney: John M. Breen Government Levels Affected: None (202) 435-5265 Legal Authority: 26 USC 7805 Additional Information: REG-209059-89 CC:INTL CFR Citation: 26 CFR 1 (INTL-870-89) Agency Contact: Thomas A. Vidano, Legal Deadline: None Drafting attorney: Theodore Setzer (202) Attorney–Advisor, Department of the Abstract: This regulation relates to 622-3870 Treasury, Internal Revenue Service, branch rules and how to translate 1111 Constitution Avenue NW, Reviewing attorney: Jeffrey L. Dorfman branch income, and the taxation of (202) 622-3870 Washington, DC 20224 exchange gain or loss on branch Phone: 202 435–5265 remittances. CC:INTL RIN: 1545–AC10 Timetable: Agency Contact: Theodore D. Setzer, Attorney–Advisor, Department of the Action Date FR Cite Treasury, Internal Revenue Service, 2547. INFORMATION FROM NPRM 09/25/91 56 FR 48457 1111 Constitution Avenue NW, PASSPORT AND IMMIGRATION Final Action 04/00/06 Washington, DC 20224 APPLICANTS Regulatory Flexibility Analysis Phone: 202 622–3870 Priority: Substantive, Nonsignificant Required: No RIN: 1545–AO24 Legal Authority: 26 USC 7805; 26 USC Small Entities Affected: No 6039E Government Levels Affected: None 2550. REGISTRATION REQUIRED CFR Citation: OBLIGATIONS 26 CFR 301 Additional Information: REG-208270-86 Legal Deadline: None (INTL-965-86) Priority: Substantive, Nonsignificant Abstract: The regulation will prescribe Drafting attorney: Theodore D. Setzer Legal Authority: 26 USC 7805; 26 USC under section 6039E the information to (202) 622-3870 165 be gathered by the State Department Reviewing attorney: Jeffrey Dorfman CFR Citation: 26 CFR 1 and Immigration and Naturalization (202) 622-3870 Legal Deadline: Service on passport and green card None applicants and the penalties to be Treasury attorney: Andrew Froberg Abstract: This regulation will finalize imposed on such applicants if they do (202) 622-1779 all outstanding proposed regulations not supply the information. CC:INTL under section 1.163-1(b)(2).

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TREAS—IRS Final Rule Stage

Timetable: Treasury attorneys: Michael Novey CFR Citation: 26 CFR 301 Action Date FR Cite (202) 622-1339 Legal Deadline: None Viva Hammer (202) 622-0869 NPRM 01/21/93 58 FR 5316 Abstract: The regulations reflect the Final Action 12/00/06 CC:FIP amendment of I.R.C. section 6159, Regulatory Flexibility Analysis Sections 1.475(a)-3 finalized in TD section 202 of the Taxpayer Bill of Rights 2, which provides that upon Required: No 8700. Sections 1.475(b)-4 finalized in TD 8700. Sections 1.475(c)-2 finalized request by a taxpayer the Secretary Small Entities Affected: No in TD 8700. shall provide an independent review of Government Levels Affected: None the termination of an installment Agency Contact: Stephen J. Coleman, agreement. The regulations also reflect Additional Information: REG-208245-90 Attorney–Advisor, Department of the the amendment to section 6159(c), (INTL-115-90) Treasury, Internal Revenue Service, which guarantees the availability of Drafting attorney: Carl M. Cooper (202) 1111 Constitution Avenue NW, installment agreements to taxpayers in 622-3840 Washington, DC 20224 certain circumstances. Phone: 202 622–6289 Reviewing attorney: Valerie A. Mark Timetable: Lippe (202) 622-3840 RIN: 1545–AS85 Action Date FR Cite CC:INTL NPRM 12/31/97 62 FR 68241 Agency Contact: Carl M. Cooper, 2552. RECOMPUTATION OF LIFE INSURANCE RESERVES Second NPRM 01/21/98 63 FR 3186 Attorney–Advisor, Department of the Final Action 12/00/06 Treasury, Internal Revenue Service, Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Legal Authority: 26 USC 7805; 26 USC Required: No Washington, DC 20224 816 Phone: 202 622–3840 Small Entities Affected: No CFR Citation: 26 CFR 1 RIN: 1545–AP33 Government Levels Affected: None Legal Deadline: None Additional Information: REG-100841-97 Abstract: These regulations will permit 2551. MARK–TO–MARKET UPON Drafting attorney: G. William Beard recomputation of life insurance reserves DISPOSITION (202) 622-3620 that were not originally computed Priority: Substantive, Nonsignificant according to the requirements of Reviewing attorney: Lawrence Legal Authority: 26 USC 7805; 26 USC section 816(b)(1)(A). Schattner (202) 622-3620 475 Timetable: CC:PA:CBS CFR Citation: 26 CFR 1 Action Date FR Cite Agency Contact: G. William Beard, Legal Deadline: None Attorney–Advisor, Department of the NPRM 01/02/97 62 FR 71 Treasury, Internal Revenue Service, Abstract: The regulations address the Final Action 01/00/07 1111 Constitution Avenue NW, relationship between mark-to-market Regulatory Flexibility Analysis Washington, DC 20224 accounting and accrual of stated Required: No Phone: 202 622–3620 interest, discount and premium, and between mark-to-market accounting and Small Entities Affected: No RIN: 1545–AU97 the tax treatment of bad debts. The Government Levels Affected: None regulations also provide that securities Additional Information: REG-246018-96 2554. MARK–TO–MARKET are to be marked to market upon ACCOUNTING FOR DEALERS IN Drafting attorney: Linda Boyd (202) disposition by a dealer and the COMMODITIES AND TRADERS IN 622-3970 exemption from marking to market in SECURITIES AND COMMODITIES certain securitization transactions. Reviewing attorney: Don Drees (202) Priority: Substantive, Nonsignificant Timetable: 622-3970 Legal Authority: 26 USC 475; 26 USC CC:FI Action Date FR Cite 7805 Agency Contact: Linda Boyd, Attorney, NPRM 01/04/95 60 FR 397 CFR Citation: 26 CFR 1 Department of the Treasury, Internal Final Action 12/00/06 Revenue Service, 1111 Constitution Legal Deadline: None Regulatory Flexibility Analysis Avenue NW, Washington , DC 20224 Abstract: This regulation provides Required: No Phone: 202 622–3970 guidance concerning mark-to-market Small Entities Affected: No RIN: 1545–AU49 accounting for securities traders and Government Levels Affected: None commodities dealers and traders. Additional Information: REG-209724-94 2553. AGREEMENTS FOR PAYMENT Timetable: (FI-42-94) OF TAX LIABILITIES IN Action Date FR Cite Drafting attorney: Stephen J. Coleman INSTALLMENTS NPRM 01/28/99 64 FR 4374 (202) 622-6289 Priority: Substantive, Nonsignificant Final Action 09/00/06 Reviewing attorney: Elizabeth Handler Legal Authority: 26 USC 6159; 26 USC Regulatory Flexibility Analysis (202) 622-3157 7805 Required: No

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TREAS—IRS Final Rule Stage

Small Entities Affected: No 2556. INTERCOMPANY OBLIGATIONS Timetable: Government Levels Affected: None Priority: Substantive, Nonsignificant Action Date FR Cite Additional Information: REG-104924-98 Legal Authority: 26 USC 1502; 26 USC NPRM 01/17/01 66 FR 3903 7805 Hearing 05/23/01 66 FR 12916 Drafting attorney: Stephen J. Coleman Second NPRM 09/19/05 70 FR 54859 CFR Citation: (202) 622-6289 26 CFR 1 Hearing 12/15/05 70 FR 54859 Reviewing attorney: Elizabeth Handler Legal Deadline: None Final Action 12/00/06 (202) 622-3920 Abstract: The regulation provides Regulatory Flexibility Analysis CC:FI clarification of the tax treatment of Required: No certain transfers of intercompany Small Entities Affected: No Agency Contact: Stephen J. Coleman, obligations by or to a member of a Government Levels Affected: Attorney–Advisor, Department of the consolidated group. None Treasury, Internal Revenue Service, Additional Information: REG-106030-98 1111 Constitution Avenue NW, Timetable: Washington, DC 20224 Drafting attorney: Edward R. Barret Action Date FR Cite (202) 622-3880 Phone: 202 622–6289 NPRM 12/18/98 63 FR 70354 Reviewing attorney: Anne Shelburne RIN: 1545–AW06 NPRM Comment 03/22/99 (202) 435-5265 Period End Final Action 12/00/06 Treasury attorney: Gretchen Sierra (202) 2555. STOCKS AND SECURITIES 622-1755 SAFE HARBOR EXCEPTION Regulatory Flexibility Analysis Required: No CC:INTL Priority: Substantive, Nonsignificant Agency Contact: Small Entities Affected: No Edward R. Barret, Legal Authority: 26 USC 7805 Attorney–Advisor, Department of the Government Levels Affected: None Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1 Additional Information: REG-105964-98 1111 Constitution Avenue NW, Legal Deadline: None Washington, DC 20224 Drafting attorney: Frances L. Kelly (202) Phone: 202 622–3880 Abstract: This regulation clarifies and 622-7072 updates the safe harbor that one is not RIN: 1545–AW50 engaged in a trade or business as a Reviewing attorney: Michael J. Wilder (202) 622-3393 result of trading in stocks and 2558. REPORTING OF PAYMENTS TO securities. The amendment will provide Treasury attorney: None ATTORNEYS additional guidance regarding the CC: COR definitions of stocks and securities. Priority: Substantive, Nonsignificant Agency Contact: Frances L. Kelly, Legal Authority: 26 USC 6045 Timetable: Attorney–Advisor, Department of the CFR Citation: 26 CFR 1 Action Date FR Cite Treasury, Internal Revenue Service, Legal Deadline: None NPRM 06/12/98 63 FR 32164 1111 Constitution Avenue NW, Hearing 09/09/98 Washington, DC 20224 Abstract: The regulation provides NPRM Comment 09/10/98 Phone: 202 622–7072 information reporting requirements for Period End Email: payments of gross proceeds made in the Final Action 12/00/06 [email protected] course of a trade or business to Related RIN: Related to 1545–BA11 attorneys in connection with legal Regulatory Flexibility Analysis services. Required: No RIN: 1545–AW30 Timetable: Small Entities Affected: No Action Date FR Cite Government Levels Affected: None 2557. SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN NPRM 05/21/99 64 FR 27730 Additional Information: REG-106031-98 ACTIVITIES AND FOR Second NPRM 05/17/02 67 FR 35064 Final Action 12/00/06 Drafting attorney: Theodore D. Setzer COMMUNICATIONS INCOME (202) 622-3870 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Required: No Reviewing attorney: Paul S. Epstein Legal Authority: 26 USC 7805; 26 USC (202) 622-3870 863 Small Entities Affected: No Government Levels Affected: None CC:INTL CFR Citation: 26 CFR 1 Additional Information: REG-126024-01 Agency Contact: Theodore D. Setzer, Legal Deadline: None Attorney–Advisor, Department of the Drafting attorney: Nancy L. Rose (202) Abstract: The regulations provide 622-4910 Treasury, Internal Revenue Service, source rules for income from certain 1111 Constitution Avenue NW, space and ocean activities under Reviewing attorney: James C. Gibbons Washington, DC 20224 section 863(d) and communications (202) 622-4910 Phone: 202 622–3870 income under section 863(a), (d), and Treasury attorney: Eric San Juan (202) RIN: 1545–AW13 (e). 622-0224

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TREAS—IRS Final Rule Stage

CC:PA:APJ CFR Citation: 26 CFR 1 Small Entities Affected: No Agency Contact: Nancy L. Rose, Legal Deadline: None Government Levels Affected: None Attorney–Advisor, Department of the Abstract: These regulations provide Additional Information: REG-105801-00 Treasury, Internal Revenue Service, rules for the allocation and 1111 Constitution Avenue NW, Drafting attorney: Mary Brewer (202) apportionment of interest expenses and 622-3950 Washington, DC 20224 certain other expenses for purposes of Phone: 202 622–4910 the foreign tax credit and certain other Reviewing attorney: Christina Morrison RIN: 1545–AW72 international tax provisions. (202) 622-3950 Timetable: Treasury attorney: Mike Novey (202) 622-1339 2559. STOCK TRANSFER RULES— Action Date FR Cite CARRYOVER OF EARNINGS AND CC:FI TAXES NPRM 02/05/90 55 FR 3750 Final Action 12/00/06 Agency Contact: Mary Brewer, Priority: Substantive, Nonsignificant Attorney–Advisor, Department of the Regulatory Flexibility Analysis Legal Authority: 26 USC 7805; 26 USC Treasury, Internal Revenue Service, Required: No 367 1111 Constitution Avenue NW, Small Entities Affected: CFR Citation: 26 CFR 1 No Washington, DC 20224 Phone: 202 622–3950 Legal Deadline: None Government Levels Affected: None RIN: 1545–AX92 Abstract: This regulation provides Additional Information: REG-117608-99 guidance with respect to how earnings Drafting attorney: David F. Bergkuist and profits and foreign income tax (202) 622-3850 2562. AUTHORIZED PLACEMENT AGENCY accounts carry over under section 381 Reviewing attorney: Anne O. Devereaux and are allocated under section 312 in (202) 622-3850 Priority: Substantive, Nonsignificant certain transactions described in section 367(b) of the Internal Revenue CC:INTL Legal Authority: 26 USC 152 Code. Agency Contact: David F. Bergkuist, CFR Citation: 26 CFR 1 Timetable: Attorney–Advisor, Department of the Legal Deadline: None Treasury, Internal Revenue Service, Action Date FR Cite 1111 Constitution Avenue NW, Abstract: This regulation amends the NPRM 11/15/00 65 FR 69138 Washington, DC 20224 definition of ‘‘authorized placement Final Action 12/00/06 Phone: 202 622–3850 agency’’ (for purposes of determining whether a child placed for legal Regulatory Flexibility Analysis RIN: 1545–AX72 adoption in a taxpayer’s home is a Required: No dependent of the taxpayer) to include Small Entities Affected: No 2561. CAPITALIZATION OF INTEREST biological parents and other persons Government Levels Affected: None AND CARRYING CHARGES authorized by State law to place children for legal adoption. Additional Information: REG-116050-99 PROPERLY ALLOCABLE TO STRADDLES Timetable: Drafting attorney: Jeffrey L. Parry (202) 622-3850 Priority: Substantive, Nonsignificant Action Date FR Cite Reviewing attorney: Anne Devereaux Legal Authority: 26 USC 7805; 26 USC NPRM 11/30/00 65 FR 71277 (202) 622-3850 263; 26 USC 1092 Final Action 12/00/06 Treasury attorney: Andrew Froberg CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis (202) 622-0851 Legal Deadline: None Required: No CC:INTL Abstract: These regulations will clarify Small Entities Affected: No Agency Contact: Jeffrey L. Parry, the types of payments that may be Government Levels Affected: None Attorney–Advisor, Department of the ‘‘interest’’ or ‘‘carrying charges’’ subject Additional Information: Treasury, Internal Revenue Service, to 26 U.S.C. 263(g), clarify the REG-107279-00 1111 Constitution Avenue NW, operation of the capitalization rules of Drafting attorney: Shareen Pflanz (202) Washington, DC 20224 26 U.S.C. 263(g), and also clarify what 622-4920 Phone: 202 622–3850 constitutes ‘‘positions’’ and ‘‘losses’’ Reviewing attorney: Stephen J. Toomey RIN: 1545–AX65 subject to 26 U.S.C. 1092. (202) 622-4920 Timetable: Treasury attorney: Eric San Juan (202) 2560. ALLOCATION AND Action Date FR Cite 622-0224 APPORTIONMENT OF INTEREST NPRM 01/18/01 66 FR 4746 CC: ITA EXPENSE AND CERTAIN OTHER NPRM Comment 05/01/01 EXPENSES Agency Contact: Shareen S. Pflanz, Period End Attorney–Advisor, Department of the Priority: Substantive, Nonsignificant Final Action 12/00/06 Treasury, Internal Revenue Service, Legal Authority: 26 USC 7805; 26 USC Regulatory Flexibility Analysis 1111 Constitution Avenue NW, 864 Required: No Washington, DC 20224

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TREAS—IRS Final Rule Stage

Phone: 202 622–4920 Timetable: CC:TEGE RIN: 1545–AY18 Action Date FR Cite Agency Contact: Russell Weinheimer, NPRM 01/08/01 66 FR 1435 Attorney–Advisor, Department of the Treasury, Internal Revenue Service, 2563. GUIDANCE ON CHANGES TO Final Action 06/00/06 1111 Constitution Avenue NW, THE LAWS FOR CORPORATE Regulatory Flexibility Analysis Washington, DC 20224 ESTIMATED TAXES Required: No Phone: 202 622–6080 Priority: Substantive, Nonsignificant Small Entities Affected: No RIN: 1545–AY33 Legal Authority: 26 USC 7805; 26 USC Government Levels Affected: None 6655 Additional Information: REG-114082-00 2566. HIPAA NONDISCRIMINATION CFR Citation: 26 CFR 1; 26 CFR 301 EXCEPTION FOR BONA FIDE Drafting attorney: Russell Weinheimer Legal Deadline: None WELLNESS PROGRAMS (202) 622-6080 Abstract: The proposed regulations Priority: Substantive, Nonsignificant provide guidance for corporations to Reviewing attorney: Alan Tawshunsky (202) 622-6000 Legal Authority: 26 USC 7805; 26 USC compute their estimated tax liabilities. 9833 Timetable: Treasury attorney: Kevin Knopf (202) 622-2329 CFR Citation: 26 CFR 1 Action Date FR Cite CC:TEGE Legal Deadline: None NPRM 12/12/05 70 FR 73393 Abstract: These regulations provide Final Action 06/00/06 Agency Contact: Russell Weinheimer, Attorney–Advisor, Department of the guidance regarding the exception for Regulatory Flexibility Analysis Treasury, Internal Revenue Service, certain wellness programs to the Required: No 1111 Constitution Avenue NW, general rule imposed on group health Small Entities Affected: Businesses Washington, DC 20224 plans not to require a higher premium Phone: 202 622–6080 or contribution from an individual than Government Levels Affected: None from a similarly situated individual Additional Information: REG-107722-00 RIN: 1545–AY32 based on any health factor. Drafting attorney: Joseph Dewald (202) Timetable: 2565. HIPAA NONDISCRIMINATION 622-4910 Action Date FR Cite Reviewing attorney: Pamela W. Fuller EXCEPTION FOR CHURCH PLANS NPRM 01/08/01 66 FR 1421 (202) 622-4910 Priority: Substantive, Nonsignificant Final Action 04/00/06 Treasury attorney: George Manousos Legal Authority: 26 USC 7805; 26 USC Regulatory Flexibility Analysis (202) 622-1335 7853 Required: No CC:PA:APJ CFR Citation: 26 CFR 1 Small Entities Affected: No Agency Contact: Joseph P. Dewald, Legal Deadline: None Government Levels Affected: None Attorney–Advisor, Department of the Treasury, Internal Revenue Service, Abstract: These regulations provide Additional Information: REG-114084-00 1111 Constitution Avenue NW, guidance on the exception for certain grandfathered church plans from the Drafting attorney: Russell Weinheimer Washington, DC 20224 (202) 622-6080 Phone: 202 622–4910 general rule requiring group health plans not to discriminate in rules for Reviewing attorney: Alan Tawnshunsky RIN: 1545–AY22 eligibility on the basis of any health (202) 622-6080 factor. Treasury attorney: Kevin Knopf (202) 2564. HIPAA GENERAL Timetable: 622-2329 NONDISCRIMINATION Action Date FR Cite CC:TEGE Priority: Substantive, Nonsignificant NPRM 01/10/01 66 FR 1437 Agency Contact: Russell Weinheimer, Legal Authority: 26 USC 7805; 26 USC Final Action 04/00/06 Attorney–Advisor, Department of the 9833 Treasury, Internal Revenue Service, Regulatory Flexibility Analysis CFR Citation: 26 CFR 54 1111 Constitution Avenue NW, Required: No Washington, DC 20224 Legal Deadline: None Small Entities Affected: No Phone: 202 622–6080 Abstract: These regulations provide Government Levels Affected: None RIN: 1545–AY34 guidance regarding the requirements imposed on group health plans not to Additional Information: REG-114083-00 discriminate in rules for eligibility Drafting attorney: Russell Weinheimer 2567. ALLOCATION OF INCOME AND under the plan on the basis of any (202) 622-6080 DEDUCTIONS FROM INTANGIBLES health factor, and not to require any Priority: Substantive, Nonsignificant individual to pay a higher premium or Reviewing attorney: Alan Tawnshunsky contribution for coverage under the (202) 622-6000 Legal Authority: 26 USC 7805; 26 USC plan than any similarly situated Treasury attorney: Kevin Knopf (202) 482 individual based on any health factor. 622-2329 CFR Citation: 26 CFR 1

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TREAS—IRS Final Rule Stage

Legal Deadline: None Small Entities Affected: No 2570. TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES Abstract: These final regulations will Government Levels Affected: None address certain transactions between Priority: Substantive, Nonsignificant Additional Information: REG-118861-00 controlled parties that involve Legal Authority: 26 USC 7805; 26 USC intangibles. The regulations will Drafting attorney: Mark Weiss (202) 1441 provide rules for allocation of income 622-7790 and deductions with respect to CFR Citation: 26 CFR 1 intangibles pursuant to IRC section 482. Reviewing attorney: Victor Penico (202) Legal Deadline: None 622-7750 Timetable: Abstract: The regulation will Action Date FR Cite Treasury attorney: Mark Countryman promulgate Notices 2001-4, 2001-11 (202) 622-9859 and 2001-43 into the section 1441 NPRM 09/10/03 68 FR 53447 regulation. Generally, the Notices Final Action 12/00/06 CC: COR provide transitional relief with respect Regulatory Flexibility Analysis Agency Contact: Mark Weiss, to the new withholding regime for Required: No Attorney–Advisor, Department of the qualified intermediaries. Small Entities Affected: No Treasury, Internal Revenue Service, Timetable: 1111 Constitution Avenue NW, Government Levels Affected: None Washington, DC 20224 Action Date FR Cite Additional Information: REG-115037-00 Phone: 202 622–7790 NPRM 03/30/05 70 FR 16189 Final Action 04/00/06 Drafting attorneys: Thomas A. Vidano RIN: 1545–AY49 (202) 435-5265 and Carol Tan (202) Regulatory Flexibility Analysis 435-5265 Required: No 2569. NORMALIZATION Reviewing attorney: John M. Breen Small Entities Affected: No (202) 435-5265 Priority: Substantive, Nonsignificant Government Levels Affected: None Treasury attorney: David Ernick (202) Legal Authority: 26 USC 7805; 26 USC Additional Information: REG-125443-01 622-1754 167; 26 USC 168; 26 USC 46 Drafting attorney: Ethan A. Atticks CC:INTL CFR Citation: 26 CFR 1 (202) 622-3840 Agency Contact: Thomas A. Vidano, Legal Deadline: None Reviewing attorney: Valerie Mark-Lippe Attorney–Advisor, Department of the (202) 622-3840 Treasury, Internal Revenue Service, Abstract: These regulations relate to Treasury attorney: Andy Froberg (202) 1111 Constitution Avenue NW, the sale or deregulation of generation 622-1779 Washington, DC 20224 assets. Phone: 202 435–5265 CC:INTL Timetable: RIN: 1545–AY38 Agency Contact: Ethan A. Atticks, Action Date FR Cite Attorney–Advisor, Department of the Treasury, Internal Revenue Service, 2568. ELECTION—ASSET NPRM 12/21/05 70 FR 75762 1111 Constitution Avenue NW, ACQUISITIONS OF INSURANCE Final Action 07/00/06 Washington, DC 20224 COMPANIES Regulatory Flexibility Analysis Phone: 202 622–3840 Priority: Required: No Substantive, Nonsignificant RIN: 1545–AY92 Legal Authority: 26 USC 197; 26 USC Small Entities Affected: No 338; 26 USC 7805 Government Levels Affected: None 2571. CONSOLIDATED RETURNS; CFR Citation: 26 CFR 1 NONAPPLICABILITY OF SECTION Additional Information: REG-104385-01 Legal Deadline: None 357(C) Abstract: The regulations prescribe the Drafting attorney: David Selig (202) Priority: Substantive, Nonsignificant 622-3040 manner in which the various provisions Legal Authority: 26 USC 7805; 26 USC of subchapter L, chapter 1, subtitle A Reviewing attorney: Peter Friedman 1502 of the Internal Revenue Code apply to (202) 622-3110 asset acquisitions deemed to occur by CFR Citation: 26 CFR 1 reason of a section 338 election as well Treasury attorney: John Parcell (202) Legal Deadline: None 622-2578 as to actual acquisitions of insurance Abstract: The regulations make company assets subject to section 1060. CC:PSI amendments to section 1.1502-80(d) of Timetable: the consolidated return regulations Agency Contact: David Selig, Action Date FR Cite dealing with the scope of the Attorney–Advisor, Department of the nonapplicability of section 357(c) in a NPRM 03/08/02 67 FR 10640 Treasury, Internal Revenue Service, consolidated group. Public Hearing 09/18/02 1111 Constitution Avenue NW, Timetable: Final Action 05/00/06 Washington, DC 20224 Phone: 202 622–3040 Regulatory Flexibility Analysis Action Date FR Cite Required: No RIN: 1545–AY75 NPRM 11/14/01 66 FR 57021

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TREAS—IRS Final Rule Stage

Action Date FR Cite CC:TEGE Timetable: Public Hearing 03/21/02 Agency Contact: Linda S.F. Marshall, Action Date FR Cite Final Action 12/00/06 Senior Counsel, Department of the NPRM 01/22/03 68 FR 2930 Treasury, Internal Revenue Service, Regulatory Flexibility Analysis Final Action 12/00/06 1111 Constitution Avenue NW, Required: No Regulatory Flexibility Analysis Washington, DC 20224 Required: No Small Entities Affected: No Phone: 202 622–6090 Small Entities Affected: No Government Levels Affected: None Related RIN: Related to 1545–BB79 Additional Information: REG-137519-01 Government Levels Affected: None RIN: 1545–BA10 Drafting attorney: Thomas I. Russell Additional Information: REG-103580-02 (202) 622-7550 Drafting attorney: Joy Spies and Jason 2573. AMENDMENT TO THE Smyczek (202) 622-3050 Reviewing attorney: Al Bishop (202) DEFINITION OF REFUNDING 622-7930 Reviewing attorney: Audrey W. Ellis Priority: Treasury attorney: None Substantive, Nonsignificant (202) 622-3050 CC: COR Legal Authority: 26 USC 7805 Treasury attorney: Matthew Lay (202) 622-7188 Agency Contact: Thomas I. Russell, CFR Citation: 26 CFR 1 CC: PSI Attorney–Advisor, Department of the Legal Deadline: None Treasury, Internal Revenue Service, Agency Contact: Jason T. Smyczek, 1111 Constitution Avenue NW, Abstract: This regulation will amend Attorney–Advisor, Department of the Washington, DC 20224 the definition of a refunding issue Treasury, Internal Revenue Service, Phone: 202 622–7550 applicable to tax-exempt bonds issued 1111 Constitution Avenue NW, Washington, DC 20224 RIN: 1545–BA09 by State and local governments. Phone: 202 622–3050 Timetable: 2572. REDUCTIONS OF ACCRUALS Action Date FR Cite Joy Spies, Attorney–Advisor, Department of the Treasury, Internal AND ALLOCATIONS BECAUSE OF NPRM 04/10/02 67 FR 17310 Revenue Service, 1111 Constitution INCREASED AGE Final Action 06/00/06 Avenue NW, Washington, DC 20224 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Phone: 202 622–3050 Legal Authority: 26 USC 7805; 26 USC Required: No RIN: 1545–BA53 411 Small Entities Affected: No CFR Citation: 26 CFR 1 Government Levels Affected: Local, 2575. CIRCULAR 230—PHASE 2 Legal Deadline: Final, Statutory, State NONSHELTER REVISIONS February 1, 1988. Priority: Substantive, Nonsignificant Abstract: These regulations will Additional Information: REG-165706-01 Legal Authority: 31 USC 330 prescribe rules regarding the Drafting attorney: Vicky Tsilas (202) requirement that accruals and 622-3980 CFR Citation: 26 CFR 1 allocations under qualified retirement Legal Deadline: None plans cannot be reduced because of the CC: TEGE Abstract: These regulations propose attainment of any age. Agency Contact: Vassiliki Tsilas, amendments to the rules governing Timetable: Assistant Branch Chief, TEGE: TEB, practice before the Internal Revenue Department of the Treasury, Internal Action Date FR Cite Service. Revenue Service, 1111 Constitution NPRM 12/11/02 67 FR 76123 Avenue NW, Washington, DC 20224 Timetable: Hearing 04/09/03 Phone: 202 622–3980 Action Date FR Cite Final Action 12/00/06 RIN: 1545–BA46 ANPRM 12/19/02 67 FR 77724 Regulatory Flexibility Analysis Final Action 04/00/06 Required: No 2574. NONCOMPENSATORY Regulatory Flexibility Analysis Small Entities Affected: Businesses, PARTNERSHIP OPTIONS Required: No Organizations Small Entities Affected: No Priority: Substantive, Nonsignificant Government Levels Affected: None Government Levels Affected: None Legal Authority: 26 USC 704; 26 USC Additional Information: REG-209500-86 Additional Information: 721; 26 USC 761; 26 USC 7805 REG-122380-02 Drafting attorney: Linda S.F. Marshall Drafting attorney: Matthew Cooper (202) 622-6090 CFR Citation: 26 CFR 1 (202) 622-4940 Reviewing attorney: Marjorie Hoffman Legal Deadline: None Reviewing attorney: Richard S. (202) 622-6090 Abstract: This regulation will describe Goldstein (202) 622-7820 Treasury attorney: Harlan Weller (202) the tax treatment of noncompensatory Treasury attorney: Michael Desmond 622-1001 partnership options. (202) 622-1981

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TREAS—IRS Final Rule Stage

CC:PA:APJ Email: Timetable: Agency Contact: Matthew S. Cooper, [email protected] Action Date FR Cite RIN: 1545–BA80 Attorney, Department of the Treasury, NPRM 04/21/04 69 FR 21454 Internal Revenue Service, 1111 Final Action 06/00/06 Constitution Avenue NW, Room 5135, 2577. GUIDANCE ON REPORTING OF Washington, DC 20224 Regulatory Flexibility Analysis DEPOSIT INTEREST PAID TO Required: No Phone: 202 622–8445 NONRESIDENT ALIENS Fax: 202 622–1585 Small Entities Affected: No Email: Priority: Substantive, Nonsignificant Government Levels Affected: None [email protected] Legal Authority: 26 USC 7805 Additional Information: REG-139792-02 RIN: 1545–BA72 CFR Citation: 26 CFR 1; 26 CFR 31 Legal Deadline: None Drafting attorney: Timothy J. Leska (202) 622-3050 2576. REDEMPTIONS TREATED AS Abstract: This regulation will provide DIVIDENDS guidance on the reporting requirements Reviewing attorney: Beverly M. Katz (202) 622-3060 Priority: Substantive, Nonsignificant for interest on deposits maintained at U.S. offices of certain financial Treasury attorney: Matthew Lay (202) Legal Authority: 26 USC 7805 institutions and paid to nonresident 622-1788 aliens that are residents of certain CFR Citation: 26 CFR 1 CC: PSI specified countries. Legal Deadline: None Agency Contact: Timetable: Timothy J. Leska, Abstract: This regulation under section Attorney–Advisor, Department of the 302 of the Internal Revenue Code Action Date FR Cite Treasury, Internal Revenue Service, (Code), permits basis of redeemed stock NPRM 08/02/02 67 FR 50386 1111 Constitution Avenue NW, to be recovered by the redeemed Hearing 12/05/02 67 FR 50386 Washington, DC 20224 shareholder. Regulations under section Final Action 12/00/06 Phone: 202 622–3050 304 of the Code reflect changes made Regulatory Flexibility Analysis Related RIN: Related to 1545–BD11 by the Internal Revenue Service Required: No Restructuring and Reform Act of 1998, RIN: 1545–BB11 Taxpayer Relief Act of 1997, Tax Small Entities Affected: No Reform Act of 1986, Deficit Reduction Government Levels Affected: None 2579. INVESTIGATIVE DISCLOSURES Act of 1984, and the Tax Equity and Additional Information: REG-133254-02 Priority: Fiscal Responsibility Act of 1982 to the Substantive, Nonsignificant statute. Regulations under section 304 Drafting attorney: Ethan A. Atticks Legal Authority: 26 USC 6103(k)(6); 26 also reference proposed regulations (202) 622-3840 USC 7805 under section 302 as they relate to the Reviewing attorney: Valerie Mark Lippe CFR Citation: 26 CFR 301 treatment of basis of redeemed stock in (202) 622-3840 Legal Deadline: None redemptions treated as dividends. Treasury attorney: Andrew Froberg Timetable: (202) 622-1779 Abstract: This regulation will amend existing regulations on disclosure of CC:INTL Action Date FR Cite return information by Internal Revenue NPRM 10/18/02 67 FR 64331 Agency Contact: Ethan A. Atticks, Officers and employees for investigative Final Action 05/00/06 Attorney–Advisor, Department of the purposes. Treasury, Internal Revenue Service, Regulatory Flexibility Analysis Timetable: 1111 Constitution Avenue NW, Required: No Washington, DC 20224 Action Date FR Cite Small Entities Affected: No Phone: 202 622–3840 NPRM 07/10/03 68 FR 41089 Government Levels Affected: None RIN: 1545–BA86 Final Action 06/00/06 Additional Information: REG-150313-01 Regulatory Flexibility Analysis Required: No Drafting attorney: Theresa M. Kolish 2578. ALLOCATION OF FOREIGN TAX (202) 622-7530 CREDITS AMONG PARTNERS Small Entities Affected: No Priority: Substantive, Nonsignificant Reviewing attorney: Lewis K. Brickates Government Levels Affected: Federal (202) 622-7530 Legal Authority: 26 USC 704(b); 26 Additional Information: REG-140808-02 USC 703(b)(3); 26 USC 702(a)(b); 26 CC: COR USC 7805 Drafting attorney: Helene R. Newsome (202) 622-4570 Agency Contact: Theresa M. Kolish, CFR Citation: 26 CFR 1 Attorney, Department of the Treasury, Reviewing attorney: Donald M. Squires Legal Deadline: None Internal Revenue Service, 1111 (202) 622-4570 Constitution Avenue NW, Room 5408, Abstract: The regulation will provide Washington, DC 20224 guidance on how foreign tax Treasury attorney: Michael Desmond Phone: 202 622–7530 expenditures must be allocated to (202) 622-1981 Fax: 202 622–7556 partners under section 704(b). CC: PA: DPL

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TREAS—IRS Final Rule Stage

Agency Contact: Helene R. Newsome, Timetable: CC:INTL Attorney–Advisor, Department of the Action Date FR Cite Agency Contact: Kenneth P. Treasury, Internal Revenue Service, Christman, Attorney–Advisor, 1111 Constitution Avenue NW, ANPRM 09/23/02 67 FR 59767 Final Action 06/00/06 Department of the Treasury, Internal Washington, DC 20224 Revenue Service, 1111 Constitution Phone: 202 622–4570 Regulatory Flexibility Analysis Avenue NW, Washington, DC 20224 Related RIN: Related to 1545–BB17 Required: Undetermined Phone: 202 435–5265 RIN: 1545–BB16 Government Levels Affected: Local, RIN: 1545–BB26 State Federalism: Undetermined 2580. TOLL TELEPHONE SERVICE— 2583. TREATMENT OF SERVICES DEFINITION Additional Information: REG-142599-02 UNDER SECTION 482 Priority: Substantive, Nonsignificant Drafting attorney: Johanna Som de Cerff Priority: Substantive, Nonsignificant (202) 622-3980 Legal Authority: 26 USC 7805 Legal Authority: 26 USC 7805; 26 USC Treasury attorney: Stephen J. Watson 482 CFR Citation: 26 CFR 49 (202) 622-1322 CFR Citation: 26 CFR 1 Legal Deadline: None CC: TEGE Legal Deadline: None Abstract: This regulation provides Agency Contact: Johanna Som de Abstract: These final regulations amendments to regulations relating to Cerff, Senior Technican Reviewer, the definition of toll telephone service. amend the rules for allocation of Department of the Treasury, Internal income and deductions with respect to Timetable: Revenue Service, 1111 Constitution services between members of a group Avenue NW, Washington, DC 20224 Action Date FR Cite of controlled entities, pursuant to Phone: 202 622–3980 section 482. NPRM 04/01/03 68 FR 15690 RIN: 1545–BB23 Hearing 09/10/03 68 FR 35828 Timetable: Final Action 06/00/06 Action Date FR Cite 2582. SECTION 482: METHODS TO Regulatory Flexibility Analysis DETERMINE TAXABLE INCOME IN NPRM 09/10/03 68 FR 53447 Required: No CONNECTION WITH A COST Final Action 06/00/06 Small Entities Affected: No SHARING ARRANGEMENT Regulatory Flexibility Analysis Required: Government Levels Affected: None Priority: Substantive, Nonsignificant No Small Entities Affected: No Additional Information: REG-141097-02 Legal Authority: 26 USC 7805; 26 USC 482 Government Levels Affected: None Drafting attorney: Taylor Cortright (202) 622-3130 CFR Citation: 26 CFR 1 Additional Information: REG-146893-02 Reviewing attorneys: Frank Boland Legal Deadline: None Drafting attorneys: Thomas A. Vidano (202) 622-3130 and Lewis Fernandez Abstract: These regulations will (202) 435-5265 and Carol Tan (202) (202) 622-3000 provide additional guidance on cost 435-5265 Treasury attorney: John Parcell (202) sharing arrangements under section Reviewing attorney: John M. Breen 622-2578 482. (202) 435-5265 CC:PSI Timetable: Treasury attorney: David Ernick (202) 622-1754 Agency Contact: Taylor Cortright, Action Date FR Cite Attorney, Department of the Treasury, NPRM 08/29/05 70 FR 51116 CC:INTL Internal Revenue Service, 1111 Hearing 12/16/05 70 FR 51116 Agency Contact: Thomas A. Vidano, Constitution Avenue NW, Washington, Final Action 12/00/06 Attorney–Advisor, Department of the DC 20224 Regulatory Flexibility Analysis Treasury, Internal Revenue Service, Phone: 202 622–3130 Required: No 1111 Constitution Avenue NW, RIN: 1545–BB18 Washington, DC 20224 Small Entities Affected: No Phone: 202 435–5265 Government Levels Affected: None RIN: 1545–BB31 2581. MIXED USE OUTPUT FACILITIES Federalism: Undetermined Priority: Substantive, Nonsignificant Additional Information: REG-144615-02 2584. LIMITATION ON USE OF Legal Authority: 26 USC 7805 Drafting attorney: Kenneth P. Christman NONACCRUAL EXPERIENCE METHOD CFR Citation: 26 CFR 1 (202) 435-5265 OF ACCOUNTING Legal Deadline: None Reviewing attorney: John M. Breen Priority: Substantive, Nonsignificant Abstract: This regulation describes (202) 435-5266 Legal Authority: 26 USC 403; 26 USC rules relating to mixed use output Treasury attorney: David Ernick (202) 7805 facilities. 622-1754 CFR Citation: 26 CFR 1

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TREAS—IRS Final Rule Stage

Legal Deadline: None Abstract: This regulation provides Regulatory Flexibility Analysis Abstract: Under section 448(d)(5), as guidance under sections 168 and Required: No amended by the Job Creation and 1400L(b) regarding special depreciation Small Entities Affected: Governmental Worker Assistance Act of 2002, the allowance. Jurisdictions nonaccrual experience method of Timetable: Government Levels Affected: Local, accounting is available only for Action Date FR Cite State, Tribal amounts to be received for the Additional Information: performance of qualified services (i.e., NPRM 09/08/03 68 FR 53008 REG-155608-02 services in the fields of health, law, Final Action 08/00/06 Drafting attorney: John A. Tolleris (202) engineering, architecture, accounting, Regulatory Flexibility Analysis 622-6060 actuarial science, performing arts, or Required: No Reviewing attorney: Cheryl Press (202) consulting) or for services provided by Small Entities Affected: No 622-6060 certain small businesses (i.e., those Treasury attorney: William Bortz (202) with gross receipts of $5 million or Government Levels Affected: None 622-1352 less). The law provides that such Additional Information: REG-157164-02 CC:TEGE taxpayers are not required to accrue, Drafting attorney: Douglas Kim (202) based on their experience, any portion 622-3110 Agency Contact: John A. Tolleris, of year-end receivables that will not be Attorney, Department of the Treasury, Reviewing attorney: Kathleen Reed collected. This regulation will provide Internal Revenue Service, 1111 (202) 622-3110 guidance under section 448(d)(5) Constitution Avenue NW, Washington, regarding the nonaccrual experience Treasury attorney: George Manousos DC 20224 method of accounting. (202) 622-1335 Phone: 202 622–6060 Timetable: CC:PSI Related RIN: Related to 1545–BF35 Action Date FR Cite Agency Contact: Douglas Kim, RIN: 1545–BB64 Attorney–Advisor, Department of the NPRM 11/21/03 68 FR 65645 Treasury, Internal Revenue Service, Final Action 06/00/06 2587. NOTIONAL PRINCIPAL 1111 Constitution Avenue NW, CONTRACTS; CONTINGENT Regulatory Flexibility Analysis Washington, DC 20224 NONPERIODIC PAYMENTS Required: No Phone: 202 622–3110 Priority: Small Entities Affected: Businesses Related RIN: Related to 1545–BC19 Substantive, Nonsignificant Legal Authority: Government Levels Affected: None RIN: 1545–BB57 26 USC 7805 CFR Citation: 26 CFR 1; 26 CFR 602 Additional Information: REG-141402-02 Legal Deadline: None Drafting attorney: Terrance McWhorter 2586. CONTRIBUTIONS TO (202) 622-4970 PURCHASE CERTAIN RETIREMENT Abstract: These regulations relate to ANNUITIES OR CUSTODIAL the character and the inclusion into Reviewing attorney: Jeffery Mitchell ACCOUNTS UNDER SECTION 403(B) income and deduction of contingent (202) 622-4970 Priority: Substantive, Nonsignificant nonperiodic payments made pursuant Treasury attorney: George Manousos to a notional principal contract. (202) 622-1335 Legal Authority: 26 USC 403(b); 26 USC 7805 Timetable: CC: ITA CFR Citation: 26 CFR 1 Action Date FR Cite We issued interim guidance in the form Legal Deadline: None NPRM 02/26/04 69 FR 8886 of a Notice 2003-12; 2003-6 published NPRM Comment 05/04/04 in the IRB 422 on January 22, 2003, Abstract: This regulation would revise Period End with a request for comments. and update the current section 403(b) Final Action 06/00/06 regulations to reflect the numerous Agency Contact: Regulatory Flexibility Analysis Terrance McWhorter, statutory revisions to this section of the Required: General Tax Attorney, Department of Internal Revenue Code since these No the Treasury, Internal Revenue Service, regulations were first promulgated in Small Entities Affected: No 1111 Constitution Avenue NW, 1964. Section 403(b) concerns the Government Levels Affected: None Washington, DC 20224 income tax exclusion for contributions Additional Information: REG-166012-02 Phone: 202 622–4970 to purchase certain retirement annuities RIN: 1545–BB43 or custodial accounts made for their Drafting attorney: Kathleen Sleeth (202) employees by certain tax-exempt 622-3920 employers or State-sponsored 2585. SPECIAL DEPRECIATION Reviewing attorney: Elizabeth Handler educational institutions. ALLOWANCE (202) 622-3920 Timetable: Priority: Substantive, Nonsignificant Treasury attorney: Viva Hammer (202) Action Date FR Cite 622-0869 Legal Authority: 26 USC 7805 NPRM 11/16/04 69 FR 67075 CC:FI CFR Citation: 26 CFR 1 Hearing 11/16/04 69 FR 67084 Agency Contact: Kathleen Sleeth, Legal Deadline: None Final Action 07/00/06 Attorney–Advisor, Department of the

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TREAS—IRS Final Rule Stage

Treasury, Internal Revenue Service, must treat any security that is not Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, inventory as if it were sold for its fair 1111 Constitution Avenue NW, Washington, DC 20224 market value on the last business day Washington, DC 20224 Phone: 202 622–3920 of the year. While the legal definition Phone: 202 622–3950 RIN: 1545–BB82 of the term ‘‘fair market value’’ has long RIN: 1545–BB90 been settled, the statute is silent as to what valuation methodology should be 2588. PREDECESSORS OR used to determine fair market value of 2590. PARTNERSHIP EQUITY FOR SUCCESSORS UNDER SECTION any particular security. Many of the SERVICES 355(E) securities subject to section 475 raise Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant difficult valuation issues. An advanced notice of proposed rulemaking Legal Authority: 26 USC 721; 26 USC Legal Authority: 26 USC 355; 26 USC (ANPRM) was issued on May 5, 2003, 83; 26 USC 7805 7805 and asked for comments on a possible CFR Citation: 26 CFR 1 financial statement-tax conformity safe CFR Citation: 26 CFR 1 Legal Deadline: None harbor approach for valuing certain Legal Deadline: None securities under section 475 for which Abstract: This regulation will describe Abstract: These regulations under the determination of actual fair market the tax treatment of partnership equity section 355(e) set forth whether a value is administratively difficult. On issued in connection with the transferor or a transferee of distributing May 24, 2005, a notice of proposed performance of services. or controlled assets is a predecessor or rulemaking was issued. The NPRM Timetable: successor. provided an elective safe harbor for Action Date FR Cite Timetable: dealers in securities, dealers in commodities and traders in securities NPRM 05/24/05 70 FR 29675 Action Date FR Cite and commodities. The safe harbor Public Hearing 10/05/05 70 FR 29676 NPRM 11/22/04 69 FR 67873 permits these taxpayers to make an Final Action 12/00/06 Final Action 06/00/06 election pursuant to which the values Regulatory Flexibility Analysis of the positions reported on certain Regulatory Flexibility Analysis Required: No financial statements are used as the fair Required: No market value of those positions for Small Entities Affected: Businesses Small Entities Affected: No purposes of section 475, if certain Government Levels Affected: None Government Levels Affected: None conditions are met. Those conditions and limitations are to ensure Additional Information: REG-105346-03 Additional Information: REG-145535-02 consistency with fair market value tax Drafting attorneys: Joy Spies and Jason Drafting attorney: Ross E. Poulsen (202) principles. The NPRM also asked for T. Smyzcek (202) 622-3050 specific comments relating to certain 622-7770 Reviewing attorney: Audrey W. Ellis aspects the rules. Reviewing attorney: Stephen Fattman (202) 622-3050 Timetable: (202) 622-7700 Treasury attorney: Matthew Lay (202) CC: COR Action Date FR Cite 622-1788 Agency Contact: Ross E. Poulsen, NPRM 05/24/05 70 FR 29663 CC: PSI Attorney–Advisor, Department of the NPRM Comment 08/22/05 Agency Contact: Jason T. Smyczek, Treasury, Internal Revenue Service, Period End Attorney–Advisor, Department of the 1111 Constitution Avenue NW, Public Hearing 09/15/05 Treasury, Internal Revenue Service, Washington, DC 20224 Final Action 06/00/06 1111 Constitution Avenue NW, Phone: 202 622–7770 Regulatory Flexibility Analysis Washington, DC 20224 RIN: 1545–BB85 Required: No Phone: 202 622–3050 Small Entities Affected: No Joy Spies, Attorney–Advisor, 2589. GUIDANCE REGARDING Government Levels Affected: None Department of the Treasury, Internal MARK–TO–MARKET VALUATION FOR Additional Information: REG-100420-03 Revenue Service, 1111 Constitution CERTAIN SECURITIES Drafting attorney: Marsha A. Sabin Avenue NW, Washington, DC 20224 Priority: Substantive, Nonsignificant (202) 622-3950 or John W. Rogers (202) Phone: 202 622–3050 Legal Authority: 26 USC 7805; 26 USC 622-3950 RIN: 1545–BB92 475; 26 USC 446 Reviewing attorney: Robert Williams CFR Citation: 26 CFR 1 (202) 622-3960 2591. ACCRUAL FOR CERTAIN REMIC Legal Deadline: None Treasury attorneys: Michael Novey REGULAR INTERESTS (202) 622-1339 and Viva Hammer (202) Priority: Substantive, Nonsignificant Abstract: Section 475(a) requires that 622-0869 dealers in securities mark their Legal Authority: 26 USC 7805 securities to market. If the security is CC: FI inventory, the dealer must include that Agency Contact: Marsha A. Sabin, CFR Citation: 26 CFR 1 security at fair market value. Taxpayers Attorney–Advisor, Department of the Legal Deadline: None

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TREAS—IRS Final Rule Stage

Abstract: The regulations provide CC: PA: CBS fuel is entered by an unregistered guidance on the accrual of original Agency Contact: Laurence K. Williams, person. issue discount on certain REMIC Attorney, Department of the Treasury, Timetable: regular interests. Internal Revenue Service, 1111 Action Date FR Cite Timetable: Constitution Avenue NW, Washington, NPRM 07/30/04 69 FR 45631 Action Date FR Cite DC 20224 Phone: 202 622–3600 Public Hearing 10/05/04 69 FR 59572 NPRM 08/25/04 69 FR 52217 Final Action 06/00/06 Related RIN: Related to 1545–BB97 Final Action 06/00/06 Regulatory Flexibility Analysis RIN: 1545–BB96 Regulatory Flexibility Analysis Required: No Required: No Small Entities Affected: No Small Entities Affected: No 2593. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS Government Levels Affected: None Government Levels Affected: None PROCEDURES RELATING TO Additional Information: REG-120616-03 Additional Information: REG-108637-03 HEARINGS BEFORE LEVY Drafting attorney: Celia A. Gabrysh Drafting attorney: Patrick White (202) Priority: Other Significant (202) 622-3130 622-3930 Legal Authority: 26 USC 6330; 26 USC Reviewing attorneys: Frank Boland Reviewing attorney: Dale Collinson 7805 (202) 622-3130 and Lewis Fernandez (202) 622-3000 (202) 622-3900 CFR Citation: 26 CFR 301 Treasury attorney: John Parcell (202) CC:FI Legal Deadline: None 622-2578 Agency Contact: Patrick E. White, Abstract: IRS is revising the regulations CC:PSI Attorney–Advisor, Department of the that apply to Collection Due Process Treasury, Internal Revenue Service, (CDP) and equivalent hearings under Agency Contact: Celia A. Gabrysh, 1111 Constitution Avenue NW, section 6330 involving Federal tax Attorney–Advisor, Department of the Washington, DC 20224 levies. Treasury, Internal Revenue Service, Phone: 202 622–3920 1111 Constitution Avenue NW, Timetable: RIN: 1545–BB94 Washington, DC 20224 Action Date FR Cite Phone: 202 622–3130 NPRM 09/16/05 70 FR 54687 RIN: 1545–BC08 2592. MISCELLANEOUS CHANGES TO Final Action 06/00/06 COLLECTION DUE PROCESS PROCEDURES RELATING TO NOTICE Regulatory Flexibility Analysis 2595. GUIDANCE NECESSARY TO AND OPPORTUNITY FOR HEARING Required: No FACILITATE BUSINESS ELECTRONIC UPON FILING OF NOTICE OF LIEN Small Entities Affected: No FILING Priority: Other Significant Government Levels Affected: None Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6320; 26 USC Additional Information: REG-150091-02 Legal Authority: 26 USC 7805 6330; 26 USC 7805 Drafting attorney: Laurence K. Williams CFR Citation: 26 CFR 1; 26 CFR 602 CFR Citation: 26 CFR 301 (202) 622-3600 Legal Deadline: None Legal Deadline: None Reviewing attorney: Gary D. Gray (202) Abstract: The regulatory amendments Abstract: IRS is revising the regulations 622-3610 are designed to facilitate electronic that apply to Collection Due Process CC: PA: CBS filing of certain income tax returns and other forms. (CDP) and equivalent hearings under Agency Contact: Laurence K. Williams, section 6320 involving Federal tax Attorney, Department of the Treasury, Timetable: liens. Internal Revenue Service, 1111 Action Date FR Cite Timetable: Constitution Avenue NW, Washington, NPRM 12/19/03 68 FR 70747 Action Date FR Cite DC 20224 Phone: 202 622–3600 Final Action 12/00/06 NPRM 09/16/05 70 FR 54681 Related RIN: Related to 1545–BB96 Regulatory Flexibility Analysis Final Action 06/00/06 Required: No RIN: 1545–BB97 Regulatory Flexibility Analysis Small Entities Affected: No Required: No Government Levels Affected: Federal Small Entities Affected: No 2594. ENTRY OF TAXABLE FUEL Additional Information: REG-116664-01 Government Levels Affected: Priority: Substantive, Nonsignificant None Drafting attorney: Nathan B. Rosen Additional Information: REG-150088-02 Legal Authority: 26 USC 7805 (202) 622-4910 Drafting attorney: Laurence K. Williams CFR Citation: 26 CFR 48 Reviewing attorney: Pamela Fuller (202) (202) 622-3600 Legal Deadline: None 622-4910 Reviewing attorney: Gary D. Gray (202) Abstract: The regulations will provide Treasury attorney: Michael Desmond 622-3600 rules for payment of tax when taxable (202) 622-1981

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TREAS—IRS Final Rule Stage

CC:PA:APJ Abstract: The regulation will address indebtedness incurred or continued to Agency Contact: Nathan B. Rosen, the treatment of interest income with purchase or carry tax-exempt Attorney–Advisor, Department of the respect to an intercompany loan when obligations) and 246A (which reduces Treasury, Internal Revenue Service, the source of funds is borrowing from the dividends received deduction under 1111 Constitution Avenue NW, a nonmember and there is a sections 243, 244, or 245(a)) in Washington, DC 20224 disallowance of interest expense under proportion to the extent that the Phone: 202 622–4910 section 265(a)(2). portfolio stock with respect to which Timetable: the dividends are received is debt- RIN: 1545–BC15 financed) through transactions Action Date FR Cite involving related parties, pass-through 2596. CHANGES IN COMPUTING NPRM 05/07/04 69 FR 25535 entities, or other intermediaries. DEPRECIATION Final Action 12/00/06 Timetable: Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Action Date FR Cite Required: No Legal Authority: 26 USC 7805 NPRM 05/07/04 69 FR 25534 Small Entities Affected: No CFR Citation: 26 CFR 1 NPRM Comment 08/05/04 Government Levels Affected: None Period End Legal Deadline: None Final Action 10/00/06 Additional Information: REG-128590-03 Abstract: This regulation provides Regulatory Flexibility Analysis guidance under section 446(e) regarding Drafting attorney: Frances L. Kelly (202) Required: No 622-7072 changes in computing depreciation or Small Entities Affected: No amortization. Reviewing attorney: Michael Wilder Government Levels Affected: None Timetable: (202) 622-3393 Additional Information: REG-128572-03 Action Date FR Cite CC: COR Agency Contact: Frances L. Kelly, Drafting attorney: David Silber (202) NPRM 01/02/04 69 FR 42 622-3930 Final Action 09/00/06 Attorney–Advisor, Department of the Treasury, Internal Revenue Service, Reviewing attorney: Dale S. Collinson Regulatory Flexibility Analysis 1111 Constitution Avenue NW, ( 202) 622-3900 Required: No Washington, DC 20224 Treasury attorneys: Michael Novey Small Entities Affected: No Phone: 202 622–7072 (202) 622-1339 and Viva Hammer (202) Email: Government Levels Affected: None 622-0869 [email protected] Additional Information: CC: FI REG-126459-03 RIN: 1545–BC23 Drafting attorney: Douglas Kim (202) Agency Contact: David B. Silber, 622-3110 Attorney, Department of the Treasury, 2598. GUIDANCE REGARDING Internal Revenue Service, 1111 Reviewing attorney: Kathleen Reed APPLICATION OF SECTION 265(A)(2) Constitution Avenue NW, Washington, (202) 622-3110 AND 246A IN TRANSACTIONS DC 20224 Treasury attorney: George Manousos INVOLVING RELATED PARTIES, Phone: 202 622–3930 PASS–THROUGH ENTITIES, OR (202) 622-1335 RIN: OTHER INTERMEDIARIES 1545–BC24 CC:PSI Priority: Substantive, Nonsignificant Agency Contact: Douglas Kim, 2599. PROHIBITED ALLOCATION OF Attorney–Advisor, Department of the Legal Authority: 26 USC 7701(f); 26 SECURITIES IN AN S CORPORATION USC 265(a); 26 USC 246A; 26 USC Treasury, Internal Revenue Service, Priority: Substantive, Nonsignificant 1111 Constitution Avenue NW, 7805 Washington, DC 20224 CFR Citation: 26 CFR 1 Legal Authority: 26 USC 7805; 26 USC Phone: 202 622–3110 409(p)(7)(A) Legal Deadline: None Related RIN: Related to 1545–BC17 CFR Citation: 26 CFR 1 Abstract: Section 7701(f) of the Code Legal Deadline: RIN: 1545–BC18 provides that the Secretary shall None prescribe such regulations as may be Abstract: The regulation will provide 2597. SPECIAL CONSOLIDATED necessary or appropriate to prevent the guidance for employee stock ownership RETURN RULES FOR INTEREST avoidance of the provisions of the Code plans holding stock of a subchapter S EXPENSE DISALLOWED UNDER that deal with the linking of borrowing corporation concerning the prohibition SECTION 265(A)(2) to investment, or diminishing the risk against allocations to disqualified through the use of related persons, persons under section 409(p). Priority: Substantive, Nonsignificant pass-through entities, or other Timetable: Legal Authority: 26 USC 1502; 26 USC intermediaries. Section 7701(f) was Action Date FR Cite 7701; 26 USC 7805 enacted to authorize the issuance of regulations to prevent the avoidance of NPRM 07/21/03 68 FR 43058 CFR Citation: 26 CFR 1 the purposes of sections 265(a)(2) NPRM Comment 10/20/03 Legal Deadline: None (which disallows interest on Period End

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TREAS—IRS Final Rule Stage

Action Date FR Cite Reviewing attorney: Valerie A. Mark 2602. SUSPENSION OF RUNNING OF Lippe (202) 622-3840 PERIOD OF LIMITATION DURING A Second NPRM 12/17/04 69 FR 75492 PROCEEDING TO ENFORCE OR Second NPRM 03/17/05 Treasury attorney: David Ernick (202) QUASH A DESIGNATED OR RELATED Comment Period 622-1754 SUMMONS End Hearing 04/20/05 CC:INTL Priority: Substantive, Nonsignificant Final Action 06/00/06 Agency Contact: Ethan A. Atticks, Legal Authority: 25 USC 6503; 26 USC Regulatory Flexibility Analysis Attorney–Advisor, Department of the 7805 Required: No Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1; 26 CFR 301 1111 Constitution Avenue NW, Small Entities Affected: No Legal Deadline: Washington, DC 20224 None Government Levels Affected: None Phone: 202 622–3840 Abstract: These regulations relate to Additional Information: REG-129709-03 the use of designated and related Related RIN: Related to 1545–BD33 Drafting attorney: John T. Ricotta (202) summonses and the effect on the period 622-6060 RIN: 1545–BC37 of limitations on assessment when a case is brought with respect to a Reviewing attorney: Marjorie Hoffman designated or related summons. (202) 622-6060 2601. QUALIFIED SEVERANCE Timetable: CC: TEGE REGULATIONS Action Date FR Cite Agency Contact: John T. Ricotta, Priority: Substantive, Nonsignificant Attorney–Advisor, Department of the NPRM 07/31/03 68 FR 44905 Treasury, Internal Revenue Service, Legal Authority: 26 USC 2642(a)(3)(C); Final Action 12/00/06 1111 Constitution Avenue NW, 26 USC 7805 Regulatory Flexibility Analysis Washington, DC 20224 Required: No Phone: 202 622–6060 CFR Citation: 26 CFR 26 Small Entities Affected: No Related RIN: Related to 1545–BC33 Legal Deadline: None Government Levels Affected: None RIN: 1545–BC34 Abstract: This regulation relates to Additional Information: REG-208199-91 generation-skipping transfer tax 2600. GUIDANCE ON PFIC PURGING consequences of a qualified severance Drafting attorney: Elizabeth D. Rawlins ELECTIONS of a trust. (202) 622-3600 Priority: Substantive, Nonsignificant Timetable: Reviewing attorney: Peter J. Devlin (202) 622-3600 Legal Authority: 26 USC 7805 Action Date FR Cite Treasury attorney: Michael Desmond CFR Citation: 26 CFR 1 NPRM 08/24/04 69 FR 51967 (202) 622-1981 Final Action 12/00/06 Legal Deadline: None CC: PA: CBS Abstract: These proposed regulations Regulatory Flexibility Analysis Agency Contact: Elizabeth D. Rawlins, will provide guidance regarding Required: No Attorney–Advisor, Department of the retroactive relief for taxpayers who, in Small Entities Affected: No Treasury, Internal Revenue Service, limited circumstances, continue to be 1111 Constitution Avenue NW, subject to the PFIC excess distribution Government Levels Affected: None Washington, DC 20224 regime of section 1291 although the Phone: 202 622–3600 foreign corporation in which they own Additional Information: REG-145987-03 stock is no longer treated as a PFIC RIN: 1545–BC55 under section 1298(b)(1) or section Drafting attorney: Mayer R. Samuels 1297(e). (202) 622-7265 2603. QUALIFIED ZONE ACADEMY Timetable: Reviewing attorney: George Masnik BONDS; OBLIGATIONS OF STATES AND POLITICAL SUBDIVISIONS Action Date FR Cite (202) 622-3618 Priority: Substantive, Nonsignificant NPRM 12/08/05 70 FR 72952 Treasury attorney: Catherine Hughes Public Hearing 03/22/06 (202) 622-9407 Legal Authority: 26 USC 7805 Final Action 12/00/06 CFR Citation: CC: PSI 26 CFR 1 Regulatory Flexibility Analysis Legal Deadline: None Required: No Agency Contact: Mayer R. Samuels, Abstract: The regulations will provide Small Entities Affected: No Attorney–Advisor, Department of the Treasury, Internal Revenue Service, for permissible use of proceeds, Government Levels Affected: None 1111 Constitution Avenue NW, coordinate and make consistent Additional Information: REG-133446-03 Washington, DC 20224 provisions regarding determination of Phone: 202 622–3090 credit rate and maturity date. It will Drafting attorney: Ethan A. Atticks provide for remedial action in case of (202) 622-3840 RIN: 1545–BC50 change in use of bond proceeds.

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TREAS—IRS Final Rule Stage

Timetable: Treasury, Internal Revenue Service, Legal Deadline: None Action Date FR Cite 1111 Constitution Avenue NW, Abstract: The Internal Revenue Service Washington, DC 20224 Restructuring and Reform Act of 1998 NPRM 03/26/04 69 FR 15747 Phone: 202 622–3070 Public Hearing 07/21/04 (RRA ‘98) section 3461 amended Final Action 06/00/06 RIN: 1545–BC63 section 6502 of the Code to limit the ability of the Service to enter into Regulatory Flexibility Analysis agreements extending the collection 2605. SECTION 1045 APPLICATION TO Required: No statute. RRA ‘98 also included an off- PARTNERSHIPS Small Entities Affected: Governmental Code ‘‘sunset’’ provision governing the Jurisdictions Priority: Substantive, Nonsignificant continued effect of collection statute extension agreements executed prior to Government Levels Affected: Local, Legal Authority: 26 USC 7805 January 1, 2000, the effective date of State CFR Citation: 26 CFR 1 this section. The current regulations Additional Information: REG-121475-03 Legal Deadline: None under section 6502 have not been updated to reflect these changes to the Drafting attorney: Zoran Stojanovic Abstract: This regulation will provide section. The current regulations provide (202) 622-3721 guidance on how the capital gains that extension agreements may be rollover provision of section 1045 Reviewing attorney: Timothy L. Jones executed anytime prior to the applies to partnerships. (202) 622-3701 expiration of the original statutory CC: TEGE Timetable: collection period. Agency Contact: Zoran Stojanovic, Action Date FR Cite The revised regulations will incorporate Attorney–Advisor, Department of the NPRM 08/12/04 69 FR 49957 the changes imposed by RRA ‘98. Also, Treasury, Internal Revenue Service, Final Action 06/00/06 the revised regulations will discuss the 1111 Constitution Avenue NW, continued validity of extension Washington, DC 20224 Regulatory Flexibility Analysis agreements executed prior to January 1, Phone: 202 622–3721 Required: Undetermined 2000. RIN: 1545–BC61 Government Levels Affected: Timetable: Undetermined Action Date FR Cite Additional Information: REG-150562-03 2604. GUIDANCE UNDER SECTION NPRM 03/04/05 70 FR 10572 707 REGARDING DISGUISED SALES Drafting attorneys: Charlotte Chyr (202) Final Action 04/00/06 622-3070 and Jian Grant (202) 622-3050 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Reviewing attorneys: James Quinn (202) Legal Authority: 26 USC 707; 26 USC Required: No 622-3070 and Mary Beth Collins (202) 7805 622-3070 Small Entities Affected: No CFR Citation: 26 CFR 1 Treasury attorney: John Parcell (202) Government Levels Affected: None Legal Deadline: None 622-2578 Additional Information: REG-148701-03 Abstract: This regulation will provide CC:PSI Drafting attorney: Debra Kohn (202) guidance regarding disguised sales of Agency Contact: 622-3620 partnership interests. Charlotte Chyr, Attorney–Advisor, Department of the Reviewing attorney: Lawrence Timetable: Treasury, Internal Revenue Service, Schattner (202) 622-3620 1111 Constitution Avenue NW, Action Date FR Cite Treasury attorney: Michael Desmond Washington, DC 20224 (202) 622-1981 NPRM 11/26/04 69 FR 68838 Phone: 202 622–3070 Final Action 12/00/06 CC:PA:CBS Regulatory Flexibility Analysis Jian Grant, Attorney–Advisor, Agency Contact: Debra A. Kohn, Required: No Department of the Treasury, Internal Attorney, Department of the Treasury, Revenue Service, 1111 Constitution Small Entities Affected: No Internal Revenue Service, 1111 Avenue NW, Washington, DC 20224 Government Levels Affected: None Constitution Avenue NW, Washington, Phone: 202 622–3050 DC 20224 Additional Information: REG-149519-03 RIN: 1545–BC67 Phone: 202 622–3620 Drafting attorney: Deane M. Burke (202) Email: [email protected] 622-3070 2606. COLLECTION AFTER Reviewing attorney: Christine Ellison ASSESSMENT RIN: 1545–BC72 (202) 622-3070 Priority: Substantive, Nonsignificant. Treasury attorney: Matthew Lay (202) Major status under 5 USC 801 is 2607. EXCLUSION OF EMPLOYEES OF 622-1788 undetermined. 501(C)(3) ORGANIZATIONS IN 401(K) CC:PSI Legal Authority: 26 USC 7805; 26 USC AND 401(M) PLANS Agency Contact: Deane M. Burke, 6502 Priority: Substantive, Nonsignificant Attorney–Advisor, Department of the CFR Citation: 26 CFR 1 Legal Authority: 26 USC 7805

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TREAS—IRS Final Rule Stage

CFR Citation: 26 CFR 1 Timetable: Reviewing attorney: Donald Squires Legal Deadline: None Action Date FR Cite (202) 622-4570 Abstract: This action amends the NPRM 05/10/04 69 FR 25856 Treasury attorney: Michael Desmond Income Tax Regulations (26 CFR part Final Action 06/00/06 (202) 622-1981 1) under section 410(b) of the Internal Regulatory Flexibility Analysis CC:PA:DPL Revenue Code of 1986 (Code). The Required: No amendments would allow a section Small Entities Affected: No Agency Contact: Deborah C. 401(k) plan or a section 401(m) plan Lambert–Dean, Attorney–Advisor, that is provided under the same general Government Levels Affected: Local, Department of the Treasury, Internal arrangement as the section 401(k) plan State Revenue Service, 1111 Constitution to treat employees of an organization Additional Information: REG-140492-02 Avenue NW, Washington, DC 20224 described in section 501(c)(3), which is Phone: 202 622–4570 exempt from tax under section 501(a), Drafting attorney: Aviva M. Roth (202) who are eligible to make salary 622-3980 Related RIN: Related to 1545–AX40 reduction contributions to a tax- Reviewing attorney: Timothy Jones sheltered annuity pursuant to section (202) 622-3980 RIN: 1545–BD09 403(b) (a section 403(b) annuity) as CC: TEGE excludable employees for the purpose 2610. DUAL CONSOLIDATED LOSS Agency Contact: Aviva M. Roth, of testing whether such plans meet the REGULATIONS minimum coverage requirements Attorney, Department of the Treasury, specified in section 410(b). Congress Internal Revenue Service, 1111 Priority: Substantive, Nonsignificant ordered a modification of the current Constitution Avenue NW, Room 4013, rule in the Economic Growth and Tax Washington, DC 20224 Legal Authority: 26 USC 7805; 26 USC Relief Reconciliation Act of 2001 (Pub. Phone: 202 622–3980 1503 L. 107-16, 115 Stat. 38). Email: [email protected] CFR Citation: 26 CFR 1 Timetable: RIN: 1545–BD04 Legal Deadline: None Action Date FR Cite NPRM 03/16/04 69 FR 12291 Abstract: This regulation provides Final Action 12/00/06 2609. PUBLIC INSPECTION OF additional guidance with respect to WRITTEN DETERMINATIONS UNDER dual consolidated losses under section Regulatory Flexibility Analysis SECTION 6110 OF THE INTERNAL 1503(d). Required: Undetermined REVENUE CODE (TEMPORARY) Timetable: Government Levels Affected: None Priority: Substantive, Nonsignificant Action Date FR Cite Additional Information: REG-149752-03 Legal Authority: 26 USC 7805 Drafting attorney: Lisa Mojiri-Azad CFR Citation: 26 CFR 301 NPRM 05/24/05 70 FR 29868 (202) 622-6060 Final Action 06/00/06 Legal Deadline: None Treasury attorney: W. Thomas Reeder Abstract: This temporary regulation Regulatory Flexibility Analysis (202) 622-1341 replaces and updates the existing Required: No CC:TEGE regulation to include procedures for the Small Entities Affected: Businesses Agency Contact: Lisa Mojiri–Azad, public availability of Chief Counsel Assistant Branch Chief, Department of advice. It also reflects changes to the Government Levels Affected: None the Treasury, Internal Revenue Service, organizational structure of the Internal Additional Information: REG-102144-04 1111 Constitution Avenue NW, Revenue Service and Office of Chief Washington, DC 20224 Counsel, changes to the Code, and Drafting attorney: Christopher L. Trump Phone: 202 622–6060 technological advances related to the (202) 622-3840 electronic availability of Internal RIN: 1545–BC87 Revenue Service documents to the Reviewing attorney: John Merrick (202) public. 622-3800 2608. SOLID WASTE DISPOSAL Timetable: FACILITIES Treasury attorney: David Sotos (202) Action Date FR Cite 622-0851 Priority: Substantive, Nonsignificant Temporary Regulation 06/00/06 Legal Authority: 26 USC 142; 26 USC CC:INTL 7805 Regulatory Flexibility Analysis Required: No Agency Contact: Christopher L. CFR Citation: 26 CFR 1 Trump, Attorney–Advisor, Department Small Entities Affected: No Legal Deadline: None of the Treasury, Internal Revenue Government Levels Affected: None Service, 1111 Constitution Avenue NW, Abstract: This regulation will modify Additional Information: REG-113129-98 Washington, DC 20224 the definition of solid waste disposal Phone: 202 622–3840 facility for purposes of section 142(a)(6) Drafting attorney: Deborah C. Lambert- of the Internal Revenue Code. Dean (202) 622-4570 RIN: 1545–BD10

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TREAS—IRS Final Rule Stage

2611. ESCROW ACCOUNTS, TRUSTS, CFR Citation: 26 CFR 1 Government Levels Affected: None AND OTHER FUNDS USED DURING Legal Deadline: None Additional Information: REG-106889-04 DEFERRED EXCHANGES OF LIKE–KIND PROPERTY Abstract: This guidance will lay out Drafting attorney: Robert B. Gray (202) rules for establishing a bona fide 622-7550 Priority: Substantive, Nonsignificant phased retirement program. Generally, Reviewing attorney: Debra L. Carlisle Legal Authority: 26 USC 7805; 26 USC such a program would provide (202) 622-7550 468B(g) employees who are at or near eligibility CC: COR CFR Citation: 26 CFR 1; 26 CFR 602 for retirement with the opportunity for a reduced schedule and to receive a Agency Contact: Robert B. Gray, Legal Deadline: None distribution of a proportionate share of Attorney–Advisor, Department of the Abstract: These regulations provide their pension benefits based on their Treasury, Internal Revenue Service, rules under section 468B(g) regarding ‘‘partial retirement.’’ 1111 Constitution Avenue NW, the taxation and reporting of the Timetable: Washington, DC 20224 income earned on escrow accounts, Phone: 202 622–7550 trusts, and other funds used for Action Date FR Cite Fax: 202 622–4111 deferred exchanges of like-kind NPRM 11/10/04 69 FR 65108 Email: property under section 1031(a)(3). The Final Action 06/00/06 [email protected] regulations affect qualified escrow Regulatory Flexibility Analysis RIN: 1545–BD31 accounts, qualified trusts, and other Required: No funds established in connection with deferred like-kind exchanges, and the Small Entities Affected: No 2614. COORDINATION OF UNITED STATES AND CERTAIN taxpayers, escrowees, trustees, qualified Government Levels Affected: None intermediaries, and other parties who POSSESSIONS INCOME TAXES Additional Information: REG-114726-04 receive the funds or establish, maintain, (TEMPORARY) and administer the accounts. Drafting attorney: Cathy A. Vohs (202) Priority: Substantive, Nonsignificant 622-6090 Timetable: Legal Authority: 26 USC 7805 Reviewing attorney: Janet Laufer (202) Action Date FR Cite CFR Citation: 26 CFR 1; 26 CFR 301 622-6090 NPRM 02/07/06 71 FR 6231 Legal Deadline: None Treasury attorney: Bill Bortz (202) 622- Hearing 02/07/06 71 FR 6233 1352 Abstract: Internal Revenue Code Final Action 12/00/06 section 7654 contains provisions for CC:TEGE Regulatory Flexibility Analysis coordination of U.S. and certain Required: Yes Agency Contact: Cathy A. Vohs, possessions income taxes. Specifically, Attorney–Advisor, Department of the section 7654 provides for ‘‘cover over’’ Small Entities Affected: Businesses Treasury, Internal Revenue Service, of the net collection of taxes imposed Government Levels Affected: None 1111 Constitution Avenue NW, under chapter 1 or deducted and Additional Information: REG-113365-04 Washington, DC 20224 withheld under chapter 24. Section Phone: 202 622–6090 7654 of the Internal Revenue Code of Drafting attorney: A. Katharine J. Kiss RIN: 1545–BD23 1986 provides specific rules for cover (202) 622-4930 over with regard to the possessions Reviewing attorney: Jeffrey G. Mitchell American Samoa and the U.S. Virgin (202) 622-4930 2613. REQUIREMENTS FOR Islands. REORGANIZATIONS Treasury attorney: Viva Hammer (202) Section 7654 of the 1954 Code, as 622-0869 Priority: Substantive, Nonsignificant amended in 1972 by Public Law 92- 606, provides specific rules for cover CC:ITA Legal Authority: 26 USC 7805; 26 USC 368 over with regard to the possessions. Agency Contact: A. Katharine Kiss, Guam and the Northern Mariana Attorney–Advisor, Department of the CFR Citation: 26 CFR 1 Islands (NMI). Section 7654 of the 1954 Treasury, Internal Revenue Service, Legal Deadline: None Code remains applicable to Guam and 1111 Constitution Avenue NW, the NMI because neither of these two Abstract: This regulation will provide Washington, DC 20224 possessions has an effective guidance regarding reorganizations Phone: 202 622–4930 implementing agreement with the under section 368(a)(1)(F) of the United States, in accordance with the Related RIN: Split from 1545–AR82 Internal Revenue Code. Tax Reform Act of 1986, Public Law RIN: 1545–BD19 Timetable: 99-514. Action Date FR Cite The regulations will provide rules 2612. GUIDANCE ON PHASED NPRM 08/12/04 69 FR 49836 under both the 1954 Code and the 1986 RETIREMENT Final Action 06/00/06 Code versions of section 7654. Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Timetable: Unfunded Mandates: Undetermined Required: No Action Date FR Cite Legal Authority: Not Yet Determined Small Entities Affected: No Temporary Regulation 12/00/06

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TREAS—IRS Final Rule Stage

Regulatory Flexibility Analysis Phone: 202 622–4940 Timetable: Required: No Fax: 202 622–1585 Action Date FR Cite Small Entities Affected: No Email: [email protected] NPRM 08/12/04 69 FR 49832 Government Levels Affected: None Final Action 06/00/06 RIN: 1545–BD40 Additional Information: REG-139900-03 Regulatory Flexibility Analysis Required: No Drafting attorney: Javier G. Salinas 2616. TRANSFERS OF RESTRICTED (202) 435-5262 STOCK (TEMPORARY) Small Entities Affected: No Reviewing attorney: Ricardo A. Cadenas Priority: Substantive, Nonsignificant Government Levels Affected: None (202) 435-5262 Legal Authority: 42 USC 83; 26 USC Additional Information: REG-128767-04 Treasury attorney: Gretchen Sierra (202) 7805 Drafting attorney: Charlotte Chyr (202) 622-1755 CFR Citation: 26 CFR 1 622-3080 CC:INTL Legal Deadline: None Reviewing attorney: Jeanne Sullivan Agency Contact: Javier G. Salinas, (202) 622-3050 Abstract: Attorney–Advisor, Department of the The temporary regulations addressing the application of section 83 Treasury attorney: Matthew Lay (202) Treasury, Internal Revenue Service, 622-1788 1111 Constitution Avenue NW, to the transfer of substantially Washington, DC 20224 nonvested stock to a related person. CC:PSI Phone: 202 435–5262 Timetable: Agency Contact: Charlotte Chyr, Related RIN: Related to 1545–BC54 Action Date FR Cite Attorney–Advisor, Department of the Treasury, Internal Revenue Service, RIN: 1545–BD32 Temporary 12/00/06 1111 Constitution Avenue NW, Regulations Washington, DC 20224 2615. UNDERPAYMENT FOR Regulatory Flexibility Analysis Phone: 202 622–3070 QUALIFIED AMENDED RETURNS Required: No RIN: 1545–BD48 Priority: Substantive, Nonsignificant Small Entities Affected: No Government Levels Affected: Legal Authority: 26 USC 7805 None 2618. UPDATE OF 415 REGULATIONS Additional Information: REG-127147-04 CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Drafting attorney: Stephen B. Tackney Legal Deadline: None Legal Authority: 26 USC 7805 (202) 622-6030 Abstract: CFR Citation: 26 CFR 1 These regulations will revise Treasury attorney: Dan Hogans (202) the definition of ‘‘qualified amended 622-1332 Legal Deadline: None return’’ in accordance with Notice CC: TEGE Abstract: These regulations amend the 2004-38. regulations under section 415 of the Timetable: Agency Contact: Stephen B. Tackney, Internal Revenue Code relating to Attorney–Advisor, Department of the Action Date FR Cite limitations on benefits and Treasury, Internal Revenue Service, contributions under qualified plans. NPRM 03/02/05 70 FR 10062 1111 Constitution Avenue NW, Room Section 415 provides a complex series Final Action 12/00/06 4030, Washington, DC 20224 of limits on benefits under defined Regulatory Flexibility Analysis Phone: 202 622–6030 benefit plans and contributions and Fax: 202 622–7865 Required: No other additions under defined Email: contribution plans. Comprehensive Small Entities Affected: Businesses [email protected] regulations regarding section 415 were Government Levels Affected: None Related RIN: Related to 1545–BD44 last issued in 1980. These regulations Federalism: Undetermined RIN: 1545–BD45 are being proposed to reflect statutory changes and guidance items and to Additional Information: REG-122847-04 clarify certain other issues. 2617. TREATMENT OF DISREGARDED Drafting attorney: Laura Urich (202) Timetable: 622-7022 ENTITIES UNDER SECTION 752 Action Date FR Cite Reviewing attorney: Ashton P. Trice Priority: Substantive, Nonsignificant (202) 622-4940 Legal Authority: 26 USC 752; 26 USC NPRM 05/31/05 70 FR 31214 7805 Public Hearing 08/17/05 Treasury attorney: Michael Desmond Final Action 06/00/06 (202) 622-1981 CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis CC:PA:APJ Legal Deadline: None Required: No Agency Contact: Laura Rebecca Urich, Abstract: Provide rules under section Government Levels Affected: None Attorney Advisor, Department of the 752 for taking into account the net Treasury, Internal Revenue Service, value of a disregarded entity owned by Additional Information: REG-130241-04 1111 Constitution Avenue NW, a partner or related person for purposes Drafting attorney: Vernon Carter (202) Washington, DC 20224 of allocating partnership liabilities. 622-6060

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Reviewing attorney: Linda Marshall CFR Citation: 26 CFR 1 Government Levels Affected: None (202) 622-6090 Legal Deadline: None Additional Information: REG-130863-04 Treasury attorney: Harlan Weller (202) Abstract: This project clarifies how the Drafting attorney: Mary W. Lyons (202) 622-1001 intercompany transaction regulations 622-7930 CC:TEGE treat manufacturer incentive payments Reviewing attorney: Alfred C. Bishop, Agency Contact: Vernon S. Carter, Tax to other members of the group. Jr. (202) 622-7930 Law Specialist, Department of the Timetable: CC: COR Treasury, Internal Revenue Service, Action Date FR Cite 1111 Constitution Avenue NW., Agency Contact: Mary W. Lyons, Washington, DC 20224 NPRM 08/13/04 69 FR 50112 Attorney–Advisor, Department of the Phone: 202 622–6060 Final Action 05/00/06 Treasury, Internal Revenue Service, RIN: 1545–BD52 Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Required: No Washington, DC 20224 Phone: 202 622–7930 2619. GUIDANCE UNDER SECTION Small Entities Affected: No RIN: 1545–BD56 1502; MISCELLANEOUS OPERATING Government Levels Affected: None RULES FOR SUCCESSOR PERSONS; Additional Information: APPLICABILITY OF SECTION 381 REG-131264-04 2622. AGGREGATE COMPUTATION; Priority: Substantive, Nonsignificant Drafting attorney: Frances L. Kelly (202) ALLOCATION OF RESEARCH CREDIT 622-7770 Legal Authority: 26 USC 7805; 26 USC Priority: Substantive, Nonsignificant Reviewing attorney: Gerald B. Fleming 1502 Legal Authority: 26 USC 41; 26 USC (202) 622-7770 CFR Citation: 26 CFR 1 7805 CC: COR Legal Deadline: None CFR Citation: 26 CFR 1 Agency Contact: Frances L. Kelly, Legal Deadline: Abstract: This regulation addresses Attorney–Advisor, Department of the None certain issues related to complete Treasury, Internal Revenue Service, Abstract: This regulation relates to the liquidations when more than one group 1111 Constitution Avenue NW, computation and allocation of the member owns stock of the liquidating Washington, DC 20224 credit for increasing research activities corporation. Phone: 202 622–7072 for members of a controlled group Timetable: Email: under section 41(f) of the Internal Action Date FR Cite [email protected] Revenue Code. Timetable: NPRM 02/22/05 70 FR 8552 Related RIN: Related to 1545–BF32 Final Action 06/00/06 RIN: 1545–BD55 Action Date FR Cite Regulatory Flexibility Analysis NPRM 05/24/05 70 FR 29662 Required: No 2621. ASSET TRANSFERS Public Hearing 10/19/05 70 FR 29662 Small Entities Affected: No FOLLOWING PUTATIVE Final Action 06/00/06 REORGANIZATIONS Government Levels Affected: None Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Required: No Additional Information: REG-131128-04 Legal Authority: 26 USC 7805 Government Levels Affected: Drafting attorney: Amber Cook (202) Undetermined 622-7530 CFR Citation: 26 CFR 1 Additional Information: REG-134030-04 Reviewing attorney: Marie Milnes- Legal Deadline: None Drafting attorney: Nicole R. Cimino Vasquez (202) 622-7530 Abstract: This regulation provides (202) 622-3120 CC: COR amendments to section 1.368-2. The Agency Contact: Amber R. Cook, amendments address the effect of Reviewing attorney: Brenda M. Stewart Attorney–Advisor, Department of the transfers of the assets or the stock of (202) 622-3120 Treasury, Internal Revenue Service, parties to a reorganization pursuant to Treasury attorney: Sharon Kay (202) Room 5411, 1111 Constitution Avenue transactions intended to qualify as 622-0865 reorganizations within the meaning of NW, Washington, DC 20224 CC: PSI Phone: 202 622–7530 section 368(a) of the Internal Revenue Code. Agency Contact: Nicole R. Cimino, RIN: 1545–BD54 Timetable: Attorney–Advisor, Department of the Treasury, Internal Revenue Service, 2620. MANUFACTURER INCENTIVE Action Date FR Cite 1111 Constitution Avenue NW, PAYMENTS IN AN INTERCOMPANY NPRM 08/18/04 69 FR 51209 Washington, DC 20224 TRANSACTION Final Action 06/00/06 Phone: 202 622–3120 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Related RIN: Related to 1545–BA88, Legal Authority: 26 USC 1502; 26 USC Required: No Related to 1545–BE17 7805 Small Entities Affected: No RIN: 1545–BD60

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TREAS—IRS Final Rule Stage

2623. MANDATORY E–FILING FOR Timetable: Agency Contact: Timothy J. Leska, FORMS 1120 Action Date FR Cite Attorney–Advisor, Department of the Priority: Substantive, Nonsignificant Treasury, Internal Revenue Service, NPRM 07/14/05 70 FR 40675 1111 Constitution Avenue NW, Legal Authority: 26 USC 6011(e); 26 Hearing 11/02/05 Washington, DC 20224 USC 7805 Final Action 06/00/06 Phone: 202 622–3050 CFR Citation: 26 CFR 1; 26 CFR 301 Regulatory Flexibility Analysis RIN: 1545–BD70 Legal Deadline: None Required: No Abstract: Small Entities Affected: Businesses These regulations will 2626. SPECIAL RULES TO REDUCE provide that certain entities that file at Government Levels Affected: None SECTION 1446 WITHHOLDING least 250 information returns during the Additional Information: calendar year are required to file their REG-138362-04 Priority: Substantive, Nonsignificant income tax returns electronically. Drafting attorney: Pamela R. Kinard (202) 622-6060 Legal Authority: 26 USC 7805; 26 USC Timetable: 1446 Action Date FR Cite Reviewing attorney: Lisa Mojri-Azad (202) 622-6060 CFR Citation: 26 CFR 1 NPRM 01/12/05 70 FR 2075 Final Action 12/00/06 Treasury attorney: Bill Bortz (202) 622- Legal Deadline: None 1352 Regulatory Flexibility Analysis Abstract: The regulations provide Required: Yes CC: TEGE guidance for partnerships obligated to Small Entities Affected: Businesses, Agency Contact: Pamela R. Kinard, pay withholding tax under section 1446 Organizations Attorney–Advisor, Department of the of the Internal Revenue Code. Treasury, Internal Revenue Service, Specifically, the regulations address the Government Levels Affected: None 1111 Constitution Avenue NW, circumstances under which a Additional Information: REG-130671-04 Washington, DC 20224 partnership may reduce its withholding tax due based upon certifications of Drafting attorney: Michael E. Hara (202) Phone: 202 622–6060 losses by foreign partners or when the 622-4910 RIN: 1545–BD68 partnership is in bankruptcy. The Reviewing attorneys: James Gibbons regulations will be effective for (202) 622-4910 and Carol Nachman 2625. SECTION 704(B)(2) AND partnership taxable years beginning (202) 622-4910 SUBSTANTIALITY after the date the regulations are CC: PA: APJ Priority: Substantive, Nonsignificant published in the Federal Register. Agency Contact: Michael E. Hara, Legal Authority: 26 USC 704(b)(2); 26 Timetable: Attorney–Advisor, Department of the USC 7805 Action Date FR Cite Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, CFR Citation: 26 CFR 1 NPRM 05/18/05 70 FR 28743 Washington, DC 20224 Legal Deadline: None Hearing 11/16/05 70 FR 57523 Final Action 12/00/06 Phone: 202 622–4910 Abstract: Clarify the substantiality RIN: 1545–BD65 rules under section 1.704-1(b)(2)(iii) as Regulatory Flexibility Analysis to the impact of the tax consequences Required: Undetermined to owners or partners on the 2624. USE OF ELECTRONIC determination of substantiality. Government Levels Affected: None TECHNOLOGIES FOR PROVIDING NOTICES AND TRANSMITTING Timetable: Additional Information: REG-148649-05 ELECTIONS AND CONSENTS Action Date FR Cite Drafting attorney: Ronald M. Gootzeit Priority: Substantive, Nonsignificant NPRM 11/18/05 70 FR 69919 (202) 622-3860 Legal Authority: 26 USC 7805; 26 USC Final Action 10/00/06 Reviewing attorney: Charles P. Besecky 401; PL106–229, sec 104 Regulatory Flexibility Analysis (202) 622-3860 CFR Citation: 26 CFR 1; 26 CFR 35; Required: No Treasury attorney: David Sotos (202) 26 CFR 54 Small Entities Affected: No 622-0851 Legal Deadline: None Government Levels Affected: None CC:INTL Abstract: The proposed regulations Additional Information: REG-144620-04 provide guidance on the permitted use Agency Contact: Ronald M. Gootzeit, of electronic media to provide certain Drafting attorneys: Tim Leska (202) Attorney–Advisor, Department of the notices to recipients or to transmit 622-3050 Treasury, Internal Revenue Service, participant and beneficiary elections or Reviewing attorney: Beverly Katz (202) 1111 Constitution Avenue NW, consents with respect to employee 622-3060 Washington, DC 20224 benefit plans. In general, the proposed Phone: 202 622–3860 Treasury attorney: Matthew Lay (202) regulations would affect plan sponsors Related RIN: Related to 1545–AY28 of and participants and beneficiaries in 622-1788 employee benefit plans. CC: PSI RIN: 1545–BD80

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2627. FLAT RATE SUPPLEMENTAL Regulatory Flexibility Analysis Agency Contact: William L. Blodgett, WAGE WITHHOLDING Required: No Attorney–Advisor, Department of the Priority: Substantive, Nonsignificant Government Levels Affected: None Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Legal Authority: PL 107–16, sec Additional Information: REG-148864-03 Washington, DC 20224 101(c)(11); PL 103–66, sec 13273; 26 AND 147195-04 Phone: 202 622–3090 USC 7805 Drafting attorney: Melinda K. Fisher RIN: 1545–BE04 CFR Citation: 26 CFR 31 (202) 622-4580 Treasury attorney: Michael Desmond Legal Deadline: None 2630. CIRCULAR 230—COVERED (202) 622-1981 Abstract: Amendment of section OPINION AMENDMENTS CC: PA: DPL 31.3402(g)-1 of Employment Tax Priority: Substantive, Nonsignificant Regulations to reflect changes in law Agency Contact: Melinda K. Fisher, Unfunded Mandates: Undetermined affecting optional flat rate for income Attorney, Department of the Treasury, tax withholding on supplemental Internal Revenue Service, 1111 Legal Authority: 31 USC 330 wages. Constitution Avenue NW, Washington, CFR Citation: 31 CFR 10 Timetable: DC 20024 Phone: 202 622–4580 Legal Deadline: None Action Date FR Cite Related RIN: Related to 1545–BC93, Abstract: These regulations propose NPRM 01/05/05 70 FR 767 Related to 1545–BE01, Related to amendments to the standards for tax NPRM Comment 04/11/05 1545–BE08 opinions related to municipal bonds. Period End RIN: 1545–BE02 Timetable: Hearing 06/09/05 70 FR 21163 Action Date FR Cite Final Action 06/00/06 NPRM 12/20/04 69 FR 75887 Regulatory Flexibility Analysis 2629. DYE INJECTION Final Action 12/00/06 Required: No Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Small Entities Affected: No Legal Authority: 26 USC 7805 Required: No CFR Citation: 26 CFR 1 Government Levels Affected: None Small Entities Affected: No Legal Deadline: None Additional Information: REG-152945-04 Government Levels Affected: None Abstract: The regulations relate to the Drafting attorney: Alfred G. Kelley (202) Additional Information: REG-159824-04 622-6040 diesel fuel and kerosene excise tax and reflect changes made by the American Drafting attorney: Matthew Cooper CC: TEGE Jobs Creation Act of 2004 (Act) (202) 622-4940 Agency Contact: Alfred G. Kelley, regarding mechanical dye injection Reviewing attorney: Richard Goldstein Attorney–Advisor, Department of the systems. Under the Act, diesel fuel and (202) 622-3900 Treasury, Internal Revenue Service, kerosene that are to be used in a Treasury attorney: Michael Desmond 1111 Constitution Avenue NW, nontaxable use must be indelibly dyed (202) 622-1981 Washington, DC 20224 by use of a mechanical dye injection Phone: 202 622–6040 system that satisfies the requirements CC: PA: APJ RIN: 1545–BD96 set forth in the regulations. The Agency Contact: Matthew S. Cooper, purpose of the regulations is to Attorney, Department of the Treasury, establish standards for tamper resistant Internal Revenue Service, 1111 2628. REVISION OF SECTION mechanical injector dyeing that are Constitution Avenue NW, Room 5135, 301.6103(J)–1 FOR DISCLOSURE TO reasonable, cost-effective, and set levels Washington, DC 20224 THE BUREAU OF ECONOMIC of security commensurate with the Phone: 202 622–8445 ANALYSIS, DEPARTMENT OF applicable facility. Fax: 202 622–1585 COMMERCE (TEMPORARY) Timetable: Email: [email protected] Priority: Substantive, Nonsignificant Action Date FR Cite Related RIN: Related to 1545–BA70 Legal Authority: 26 USC 6103; 26 USC NPRM 04/26/05 70 FR 21361 7805 Final Action 07/00/06 RIN: 1545–BE13 CFR Citation: 26 CFR 301 Regulatory Flexibility Analysis Legal Deadline: None Required: No 2631. WITHHOLDING EXEMPTIONS Abstract: Authorize disclosure of Government Levels Affected: None Priority: Substantive, Nonsignificant additional corporate tax information to Additional Information: REG-154000-04 Legal Authority: 26 USC 3402; 26 USC Bureau of Economic Analysis, Drafting attorney: William L. Blodgett 7805 Department of Commerce. (202) 622-3090 CFR Citation: 26 CFR 31 Timetable: Treasury attorney: John Parcell (202) Legal Deadline: None Action Date FR Cite 622-2578 Abstract: These regulations provide Temporary Regulation 06/00/06 CC:PSI guidance under section 3402(f) of the

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TREAS—IRS Final Rule Stage

Internal Revenue Code for employers Drafting attorney: Tara P. Volungis 2634. SECTION 6112 REGULATIONS and employees relating to the Form W- (202) 622-3080 (TEMPORARY) 4, ‘‘Employee’s Withholding Allowance Reviewing attorney: Christine Ellison Priority: Substantive, Nonsignificant Certificate.’’ These regulations provide (202) 622-3080 rules for the submission of copies of Legal Authority: 26 USC 6112; 26 USC certain withholding exemption Treasury attorney: Michael Desmond 7805 certificates to the IRS, the notification (202) 622-1981 CFR Citation: 26 CFR 301 provided to the employer and the CC: PSI Legal Deadline: None employee of the maximum number of withholding exemptions permitted, and Agency Contact: Tara P. Volungis, Abstract: The regulations are an update the use of substitute forms. Attorney–Advisor, Department of the to the list maintenance regulations Timetable: Treasury, Internal Revenue Service, under section 6112 to take into account 1111 Constitution Avenue NW, changes to the statute made in the Action Date FR Cite Washington, DC 20224 ‘‘American Jobs Creation Act of 2004.’’ NPRM 04/14/05 70 FR 19721 Phone: 202 622–3080 Timetable: Final Action 06/00/06 Related RIN: Related to 1545–BE24 Action Date FR Cite Regulatory Flexibility Analysis RIN: Temporary 12/00/06 Required: 1545–BE25 No Regulations Small Entities Affected: No 2633. SECTION 6111 REGULATIONS Regulatory Flexibility Analysis Government Levels Affected: None (TEMPORARY) Required: Undetermined Additional Information: REG-162813-04 Priority: Substantive, Nonsignificant Government Levels Affected: None Drafting attorney: Margaret A. Owens Additional Information: REG-103043-05 (202) 622-0047 Legal Authority: 26 USC 6111; 26 USC 7805 Drafting attorney: Tara P. Volungis Reviewing attorney: Janine Cook (202) (202) 622-3080 622-0047 CFR Citation: 26 CFR 301 Reviewing attorney: Christine Ellison Treasury attorney: Kevin Knopf (202) Legal Deadline: None (202) 622-3080 622-2329 Abstract: These regulations are for Treasury attorney: Michael Desmond CC: TEGE section 6111, as revised under the (202) 622-1981 American Jobs Creation Act of 2004, Agency Contact: Margaret A. Owens, CC: PSI Attorney–Advisor, Department of the which will provide the rules for Treasury, Internal Revenue Service, material advisors regarding disclosure Agency Contact: Tara P. Volungis, 1111 Constitution Avenue NW, of reportable transactions. Attorney–Advisor, Department of the Treasury, Internal Revenue Service, Washington, DC 20224 Timetable: Phone: 202 622–0047 1111 Constitution Avenue NW, Action Date FR Cite Washington, DC 20224 Related RIN: Related to 1545–BE21 Temporary 12/00/06 Phone: 202 622–3080 RIN: 1545–BE20 Regulations Related RIN: Related to 1545–BE28 Regulatory Flexibility Analysis RIN: 1545–BE29 2632. SECTION 6011 REGULATIONS Required: Undetermined (TEMPORARY) Government Levels Affected: None 2635. INCOME ATTRIBUTABLE TO Priority: Substantive, Nonsignificant DOMESTIC PRODUCTION ACTIVITIES Legal Authority: 26 USC 6011; 26 USC Additional Information: REG-103039-05 Priority: Substantive, Nonsignificant 7805 Drafting attorney: Tara P. Volungis CFR Citation: 26 CFR 1 (202) 622-3080 Legal Authority: 26 USC 199; 26 USC 7805 Legal Deadline: None Reviewing attorney: Christine Ellison CFR Citation: 26 CFR 1 Abstract: These regulations are an (202) 622-3080 Legal Deadline: update to the taxpayer disclosure Treasury attorney: Michael Desmond None regulations for reportable transactions (202) 622-1981 Abstract: These regulations will under section 1.6011-4. provide guidance regarding the CC:PSI Timetable: deduction for income attributable to Agency Contact: Tara P. Volungis, domestic production activities under Action Date FR Cite Attorney–Advisor, Department of the section 199 of the Internal Revenue Temporary 12/00/06 Treasury, Internal Revenue Service, Code. Section 199 was enacted by Regulations 1111 Constitution Avenue NW, section 102 of the American Jobs Regulatory Flexibility Analysis Washington, DC 20224 Creation Act of 2004, and allows a Required: Undetermined Phone: 202 622–3080 deduction equal to 3 percent (for 2005 and 2006) of the lesser of the qualified Related RIN: Related to 1545–BE26 Government Levels Affected: None production activities income of the Additional Information: REG-103038-05 RIN: 1545–BE27 taxpayer’s or the taxpayer’s taxable

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income, subject to certain limits. The Treasury Attorney: John Harrington CFR Citation: 26 CFR 1 deduction percentage increases to 6 (202) 622-0589 Legal Deadline: None percent for 2007 through 2009 and to CC:INTL 9 percent thereafter. Abstract: Provides rules relating to Agency Contact: Kate Y. Hwa, property that is eligible for extended Timetable: Attorney–Advisor, Department of the placed-in-service date for purposes of Action Date FR Cite Treasury, Internal Revenue Service, the additional first year depreciation NPRM 11/04/05 70 FR 67220 1111 Constitution Avenue NW, allowance. Final Action 06/00/06 Washington, DC 20224 Timetable: Phone: 202 622–3840 Regulatory Flexibility Analysis Action Date FR Cite RIN: 1545–BE34 Required: No Temporary Regulation 06/00/06 Small Entities Affected: No 2637. DISREGARDED ENTITIES AND Regulatory Flexibility Analysis Government Levels Affected: COLLECTIONS Required: No Undetermined Priority: Substantive, Nonsignificant Small Entities Affected: No Additional Information: REG-105847-05 Legal Authority: 26 USC 7805 Government Levels Affected: None Drafting attorney: Paul F. Handleman CFR Citation: Additional Information: REG-120914-05 (202) 622-3040 26 CFR 301 Legal Deadline: None Drafting attorney: Patrick S. Kirwan Reviewing attorney: Susan Reaman (202) 622-3110 (202) 622-3040 Abstract: Amending the regulations governing disregarded entities so that Reviewing attorney: Kathleen Reed Treasury reviewer: George Manousos certain State law entities that currently (202) 622-3110 (202) 622-1335 are disregarded for all Federal tax Treasury attorney: George Manousos CC: PSI purposes will be treated as entities (202) 622-1335 separate from their owners in collecting Agency Contact: Paul F. Handleman, CC:PSI Senior Technician Reviewer, and administering Federal employment Department of the Treasury, Internal and certain excise taxes. Agency Contact: Patrick S. Kirwan, Revenue Service, 1111 Constitution Timetable: Attorney–Advisor, Department of the Avenue NW, Washington, DC 20224 Treasury, Internal Revenue Service, Action Date FR Cite Phone: 202 622–3040 1111 Constitution Avenue NW, NPRM 10/18/05 70 FR 60475 Washington, DC 20224 RIN: 1545–BE33 Final Action 10/00/06 Phone: 202 622–3110 Regulatory Flexibility Analysis Related RIN: Related to 1545–BE55 2636. GUIDANCE UNDER SUBPART F Required: No RELATING TO PARTNERSHIPS RIN: 1545–BE56 Government Levels Affected: Priority: Substantive, Nonsignificant Undetermined 2639. REGULATIONS UNDER Legal Authority: 26 USC 7805 Additional Information: REG-114371-05 SECTION 263A REGARDING USE OF CFR Citation: 26 CFR 1 Drafting attorney: Martin Schaffer (202) SIMPLIFIED SERVICE COST METHOD Legal Deadline: None 622-3070 AND SIMPLIFIED PRODUCTION METHOD Abstract: These proposed regulations Reviewing attorney: Jeanne Sullivan provide guidance for determining that (202) 622-3070 Priority: Substantive, Nonsignificant a CFC’s distributive share of Treasury attorney: Matthew Lay (202) Legal Authority: 26 USC 263A; 26 USC partnership income will qualify for the 622-1788 7805 exception contained in section 954(i). CC: PSI CFR Citation: 26 CFR 1 Timetable: Agency Contact: Martin Schaffer, Legal Deadline: None Action Date FR Cite Attorney–Advisor, Department of the Abstract: Application of simplified NPRM 01/17/06 71 FR 2496 Treasury, Internal Revenue Service, service cost method and simplified Final Action 12/00/06 1111 Constitution Avenue NW, production method to self-constructed Washington, DC 20224 assets. Regulatory Flexibility Analysis Phone: 202 622–3070 Required: No Timetable: RIN: 1545–BE43 Small Entities Affected: No Action Date FR Cite Government Levels Affected: NPRM 08/03/05 70 FR 44535 None 2638. SPECIAL DEPRECIATION Additional Information: REG-106418-05 ALLOWANCE–EXTENDED Final Action 12/00/06 Drafting Attorney: Kate Y. Hwa (202) PLACED–IN–SERVICE DATE Regulatory Flexibility Analysis 622-3840 (TEMPORARY) Required: Undetermined Reviewing Attorney: Phyllis E. Marcus Priority: Substantive, Nonsignificant Government Levels Affected: None (202) 622-3840 Legal Authority: 26 USC 7805 Additional Information: REG-121584-05

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TREAS—IRS Final Rule Stage

Drafting attorney: Scott H. Rabinowitz Timetable: Agency Contact: John T. Ricotta, (202) 622-4970 Action Date FR Cite Attorney–Advisor, Department of the CC:ITA Treasury, Internal Revenue Service, NPRM 05/26/05 70 FR 30380 1111 Constitution Avenue NW, Agency Contact: Scott H. Rabinowitz, Final Action 12/00/06 Washington, DC 20224 Attorney–Advisor, Department of the Regulatory Flexibility Analysis Phone: 202 622–6060 Treasury, Internal Revenue Service, Required: No RIN: 1111 Constitution Avenue NW, 1545–BE74 Washington, DC 20224 Small Entities Affected: No Phone: 202 622–4970 Government Levels Affected: None 2643. DEFERRED COMPENSATION (PROPOSED) Related RIN: Related to 1545–BE61 Additional Information: REG-106736-00 Priority: Substantive, Nonsignificant RIN: 1545–BE57 Drafting attorney: Douglas Bates (202) 622-7550 Legal Authority: 26 USC 409 A 2640. LIMITATION ON TRANSFER OF CC: COR CFR Citation: Not Yet Determined BUILT–IN LOSSES (TEMPORARY) Agency Contact: Douglas C. Bates, Legal Deadline: None Priority: Substantive, Nonsignificant Attorney–Advisor, Department of the Abstract: Proposed regulations that Legal Authority: 26 USC 362; 26 USC Treasury, Internal Revenue Service, reflect the enactment of section 885 of 7805 1111 Constitution Avenue NW, the American Jobs Creation Act of Washington, DC 20224 2004. CFR Citation: 26 CFR 1 Phone: 202 622–7550 Timetable: Legal Deadline: None Related RIN: Related to 1545–AX93 Action Date FR Cite Abstract: This regulation will provide RIN: 1545–BE67 guidance for applying 26 U.S.C. 362(e) NPRM 10/04/05 70 FR 57930 to consolidated groups. Final Action 09/00/06 Timetable: 2642. DIVIDENDS PAID DEDUCTION Regulatory Flexibility Analysis FOR STOCK HELD IN EMPLOYEE Required: No Action Date FR Cite STOCK OWNERSHIP PLAN Small Entities Affected: No Temporary Regulation 06/00/06 Priority: Substantive, Nonsignificant Government Levels Affected: None Regulatory Flexibility Analysis Legal Authority: 26 USC 7805 Additional Information: REG-158080-04 Required: No CFR Citation: 26 USC 404(K) Drafting attorney: Michael B. Hughes Small Entities Affected: No Legal Deadline: None (202) 622-6030 Government Levels Affected: None Abstract: The regulations will provide CC:TEGE Additional Information: REG-110405-05 guidance, concerning which Agency Contact: Michael B. Hughes, Drafting attorney: Jay M. Singer (202) corporation is entitled to the deduction Attorney, Department of the Treasury, 622-7530 provided under section 404(K) for Internal Revenue Service, 1111 Reviewing attorney: Filiz Serbes (202) applicable securities of a corporation Constitution Avenue NW, Washington, 622-7790 held by an ESOP when stock held by DC 20224 the ESOP is not stock of the employer Phone: 202 622–6030 Treasury attorney: Marc Countryman maintaining the plan and concerning RIN: 1545–BE79 (202) 622-9858 the disallowance of a deduction under CC: COR section 404(K) for payments in 2644. REMIC RESIDUALS—FOREIGN Agency Contact: redemption of stock held by an ESOP Jay M. Singer, HOLDERS (TEMPORARY) Attorney–Advisor, Department of the that are used to make distributions to Treasury, Internal Revenue Service, terminating participants. Priority: Substantive, Nonsignificant 1111 Constitution Avenue NW, Timetable: Legal Authority: 26 USC 7805 Washington, DC 20224 Action Date FR Cite CFR Citation: 26 CFR 1 Phone: 202 622–7530 NPRM 08/25/05 70 FR 49897 Legal Deadline: None Related RIN: Related to 1545–BE58 Final Action 06/00/06 Abstract: These regulations under 26 RIN: 1545–BE59 Regulatory Flexibility Analysis U.S.C. 860G(b) will govern the Required: No recognition of income associated with 2641. ASSUMPTION OF LIABILITIES Government Levels Affected: None REMIC residual interests that is Priority: Substantive, Nonsignificant Additional Information: REG-133578-05 allocated to a foreign person, including a foreign partner in a U.S. Legal Authority: 26 USC 7805 Drafting attorney: John T. Ricotta (202) CFR Citation: 26 CFR 1 622-6060 partnership. Legal Deadline: None Reviewing attorney: Marjorie Hoffman Timetable: Abstract: Special rules for assumption (202) 622-6060 Action Date FR Cite of liabilities. CC: TEGE Temporary Regulation 06/00/06

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TREAS—IRS Final Rule Stage

Regulatory Flexibility Analysis 2646. GUIDANCE UNDER SECTION Internal Revenue Code relating to EPA Required: No 7874 FOR DETERMINING OWNERSHIP sulfur. BY FORMER SHAREHOLDERS OR Small Entities Affected: No Timetable: PARTNERS OF DOMESTIC ENTITIES Government Levels Affected: None Action Date FR Cite Priority: Substantive, Nonsignificant Additional Information: Temporary Regulation 06/00/06 REG-159929-02 Legal Authority: 26 USC 7805; 26 USC Drafting attorney: Arturo Estrada (202) 7874 Regulatory Flexibility Analysis 622-3900 CFR Citation: 26 CFR 1 Required: Undetermined Treasury attorney: Andrew Froberg Legal Deadline: None Small Entities Affected: Businesses (202) 622-1779 Abstract: This regulation will provide Government Levels Affected: CC: FI guidance under section 7874(c)(2). Undetermined Agency Contact: Arturo Estrada, Section 7874(a)(2)(B) provides that a Additional Information: REG-143453-05 foreign corporation will be a surrogate Attorney–Advisor, Department of the Drafting attorney: Douglas Kim (202) foreign corporation, if among other Treasury, Internal Revenue Service, 622-3110 1111 Constitution Avenue NW, requirements, 60 percent of the stock Washington, DC 20224 of the entity is owned by former Reviewing attorney: Kathleen Reed Phone: 202 622–3900 shareholders or partners of the (202) 622-3110 domestic entity by reason of their RIN: 1545–BE81 Treasury attorney: John Parcell (202) holding an interest in the domestic 622-2578 entity. Section 7874(c)(2) states that in CC:PSI 2645. RAILROAD TRACK determining ownership under section MAINTENANCE CREDIT 7874(a)(2)(B)(ii) stock held by members Agency Contact: Douglas Kim, (TEMPORARY) of the expanded affiliated group is Attorney–Advisor, Department of the disregarded. Treasury, Internal Revenue Service, Priority: Substantive, Nonsignificant Timetable: 1111 Constitution Avenue NW, Legal Authority: 26 USC 7805 Washington, DC 20224 Action Date FR Cite CFR Citation: 26 CFR 1 Phone: 202 622–3110 NPRM 12/28/05 70 FR 76732 Related RIN: Related to 1545–BE96 Legal Deadline: None Final Action 12/00/06 RIN: 1545–BE97 Abstract: These regulations provide Regulatory Flexibility Analysis guidance on claiming the railroad track Required: No maintenance credit under section 45G ∑ Small Entities Affected: No 2648. DESIGNATED ROTH of the Internal Revenue Code. ACCOUNTS UNDER SECTION 402A Government Levels Affected: None Timetable: Priority: Substantive, Nonsignificant Additional Information: REG-143244-05 Action Date FR Cite Legal Authority: 26 USC 7805 Drafting Attorney: Jefferson Temporary Regulation 04/00/06 VanderWolk (202) 622-3810 CFR Citation: Not Yet Determined Regulatory Flexibility Analysis Reviewing Attorney: Milton Cahn (202) Legal Deadline: None Required: Undetermined 622-3810 Abstract: Taxation of distributions Government Levels Affected: CC: INTL from designated Roth accounts in Undetermined Agency Contact: Jefferson qualified cash or deferred arrangements Additional Information: REG-142270-05 VanderWolk, Special Counsel, under IRC 401(K). Drafting attorney: Charles J. Magee Department of the Treasury, Internal Timetable: Revenue Service, 1111 Constitution (202) 622-3110 Action Date FR Cite Avenue NW, Washington, DC 20224 Reviewing attorney: Kathleen Reed Phone: 202 622–3810 NPRM 01/26/06 71 FR 4320 (202) 622-3110 Related RIN: Related to 1545–BE94 NPRM Comment 04/26/06 Period End Treasury attorney: Sharon Kay (202) RIN: 1545–BE93 622-0865 Final Action 12/00/06 CC:PSI Regulatory Flexibility Analysis 2647. CAPITAL COSTS INCURRED TO Required: No Agency Contact: Charles Magee, COMPLY WITH EPA SULFUR Government Levels Affected: Attorney–Advisor, Department of the REGULATIONS (TEMPORARY) Treasury, Internal Revenue Service, Undetermined Priority: Substantive, Nonsignificant 1111 Constitution Avenue NW, Room Additional Information: REG-146459-05 Legal Authority: 26 USC 7805 5114, Washington, DC 20224 Drafting attorney: Linda L. Conway Phone: 202 622–3110 CFR Citation: 26 CFR 1 (202) 622-6090 Fax: 202 622–4779 Legal Deadline: None Reviewing attorney: Cathy Vohs (202) Related RIN: Related to 1545–BE90 Abstract: This regulation provides 622-6090 and Lisa Mohiri-Azad (202) RIN: 1545–BE91 guidance under section 179B of the 622-6090

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TREAS—IRS Final Rule Stage

Treasury attorney: Harlan Weller (202) Legal Deadline: None Small Entities Affected: Businesses, 622-1001 Abstract: Temporary regulations under Organizations CC:TEGE the Energy Tax Incentives Act of 2005 Government Levels Affected: None Agency Contact: Linda L. Conway, concerning nuclear decommissioning Additional Information: REG-143755-05 costs. Attorney–Advisor, Department of the Drafting attorney: Patricia M. Zweibel Timetable: Treasury, Internal Revenue Service, (202) 622-5020 1111 Constitution Avenue NW, Action Date FR Cite Washington, DC 20224 Reviewing attorney: Karin Gross (202) Phone: 202 622–6090 Temporary 06/00/06 622-5020 Regulations Related RIN: Related to 1545–BF05 Treasury attorney: Eric San Juan (202) Regulatory Flexibility Analysis 622-0224 RIN: 1545–BF04 Required: No CC: ITA Small Entities Affected: No ∑ Agency Contact: Patricia Zweibel, 2649. ELECTION TO EXPENSE Government Levels Affected: None CERTAIN REFINERIES (TEMPORARY) Attorney, Department of the Treasury, Additional Information: REG-147290-05 Internal Revenue Service, 1111 Priority: Substantive, Nonsignificant Constitution Avenue NW, Washington Drafting attorney: Bernard P. Harvey , DC 20224 Legal Authority: 26 USC 7805; 26 USC (202) 622-3110 179C Phone: 202 622–5020 Reviewing attorney: Peter C. Friedman Related RIN: Related to 1545–BF29 CFR Citation: 26 CFR 1 (202) 622-3110 RIN: 1545–BF10 Legal Deadline: None Treasury attorney: John Parcell (202) Abstract: Provide guidance under 622-2578 ∑ section 179C of the Internal Revenue CC:PSI 2652. CLEAN RENEWABLE ENERGY Code. BONDS (TEMPORARY) Agency Contact: Bernard P. Harvey III, Timetable: Attorney–Advisor, Department of the Priority: Substantive, Nonsignificant Action Date FR Cite Treasury, Internal Revenue Service, Legal Authority: PL 109–58, sec 1111 Constitution Avenue NW, Temporary Regulation 06/00/06 1303(d); 26 USC 7805 Washington, DC 20224 CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Phone: 202 622–3110 Required: Legal Deadline: None Undetermined Related RIN: Related to 1545–BF08 Small Entities Affected: Abstract: Newly added section 54 of Businesses RIN: 1545–BF09 Government Levels Affected: the Code allows certain specified Undetermined entities to issue Clean Renewable 2651. ∑ CHARITABLE Energy Bonds. Taxpayers who purchase Additional Information: REG-146895-05 CONTRIBUTIONS OF CERTAIN these bonds are entitled to a credit Drafting attorney: Charles J. Magee MOTOR VEHICLES against income tax in lieu of receiving (202) 622-3110 Priority: Substantive, Nonsignificant interest payments from the Clean Renewable Energy Bond issuers. These Reviewing attorney: Kathleen Reed Legal Authority: 26 USC 7805; 26 USC regulations explain the requirements for (202) 622-3110 170 (f)(12); 26 USC 6720 issuing the bonds and for claiming the Drafting attorney: John Parcell (202) CFR Citation: 26 CFR 1 tax credit. 622-2578 Legal Deadline: None Timetable: CC: PSI Abstract: The regulations will clarify Action Date FR Cite Agency Contact: Charles Magee, the rules for determining the fair Temporary Regulation 04/00/06 Attorney–Advisor, Department of the market value of a vehicle contributed Treasury, Internal Revenue Service, to charity. The regulations will provide Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Room rules for implementing the new laws, Required: No 5114, Washington, DC 20224 which govern the requirements for Small Entities Affected: Businesses Phone: 202 622–3110 claiming a charitable contribution Government Levels Affected: Local, Fax: 202 622–4779 deduction for a donated vehicle, and State, Tribal Related RIN: Related to 1545–BF05 impose penalties under certain circumstances on donee organizations Additional Information: REG-148071-05 RIN: 1545–BF06 (26 USC 170(f)(12)and 6720). Drafting attorney: Aviva M. Roth (202) Timetable: 622-3980 2650. ∑ NUCLEAR DECOMMISSIONING Action Date FR Cite Reviewing attorney: Timothy L. Jones COSTS (TEMPORARY) (202) 622-1380 Temporary 04/00/06 Priority: Substantive, Nonsignificant Regulations Treasury attorney: John Cross (202) Legal Authority: Not Yet Determined Regulatory Flexibility Analysis 622-1322 CFR Citation: Not Yet Determined Required: No CC: TEGE

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TREAS—IRS Final Rule Stage

Agency Contact: Aviva M. Roth, Abstract: The project will revise a Drafting attorney: Patricia M. Zweibel Attorney, Department of the Treasury, number of regulations that present (202) 622-5020 Internal Revenue Service, 1111 impediments to e-filing. It will also Reviewing attorney: Karin Gross (202) Constitution Avenue NW, Room 4013, contain proposed regulations under 622-5020 Washington, DC 20224 section 1561. Treasury attorney: Eric San Juan (202) Phone: 202 622–3980 Timetable: Email: 622-0224 [email protected] Action Date FR Cite CC:ITA Related RIN: Related to 1545–BF11 Final Action 06/00/06 Agency Contact: Patricia Zweibel, RIN: 1545–BF12 Regulatory Flexibility Analysis Attorney, Department of the Treasury, Required: No Internal Revenue Service, 1111 Constitution Avenue NW, Washington Small Entities Affected: No 2653. ∑ CREDIT FOR PRODUCTION , DC 20224 FROM ADVANCED NUCLEAR POWER Government Levels Affected: None Phone: 202 622–5020 FACILITIES (TEMPORARY) Additional Information: REG-161919-05 Related RIN: Related to 1545–BF10 Priority: Substantive, Nonsignificant Drafting attorney: Grid R. Glyer (202) RIN: 1545–BF29 Legal Authority: 26 USC 7805; 26 USC 622-7930 45J Reviewing attorneys: Theresa Abell 2656. ∑ INTERCOMPANY CFR Citation: Not Yet Determined (202) 622-7700 TRANSACTIONS; MANUFACTURER Legal Deadline: None Marc Countryman (202) 622-7530 INCENTIVE PAYMENTS Abstract: Temporary regulations will Steve Hankin (202) 622-7930 Priority: Substantive, Nonsignificant provide guidance for implementation of CC: COR Legal Authority: 26 USC 1502; 26 USC new section 45J; in particular, Agency Contact: Grid R. Glyer, 7805 regulations will provide a certification Attorney, Department of the Treasury, CFR Citation: 26 CFR 1 process for approval and allocation of Internal Revenue Service, 1111 Legal Deadline: None the national megawatt limitation. Constitution Avenue NW, Washington, Timetable: DC 20224 Abstract: This final regulation amends Phone: 202 622–7930 section 1.1502-13 by removing an Action Date FR Cite example from the intercompany Related RIN: Previously reported as Interim Final Rule 06/00/06 transaction regulations. 1545–BF25 Regulatory Flexibility Analysis Timetable: RIN: 1545–BF26 Required: No Action Date FR Cite Small Entities Affected: No 2655. ∑ CHARITABLE Final Action 06/00/06 Government Levels Affected: CONTRIBUTIONS OF QUALIFIED Regulatory Flexibility Analysis Undetermined VEHICLES (TEMPORARY) Required: No Additional Information: REG-157616-05 Priority: Substantive, Nonsignificant Small Entities Affected: No Drafting attorney: Patrick S. Kirwan Legal Authority: 26 USC 7805; 26 USC Government Levels Affected: None (202) 622-3110 170(f)(12); 26 USC 6720 Additional Information: REG-131264-04 CC:PSI CFR Citation: 26 CFR 1 Drafting attorney: Frances L. Kelly (202) Agency Contact: Patrick S. Kirwan, Legal Deadline: None 622-7072 Attorney–Advisor, Department of the Abstract: This temporary regulation Treasury, Internal Revenue Service, CC: COR will set forth temporary rules governing 1111 Constitution Avenue NW, Agency Contact: Frances L. Kelly, the charitable contribution deduction Washington, DC 20224 Attorney–Advisor, Department of the allowed for contribution of certain Phone: 202 622–3110 Treasury, Internal Revenue Service, vehicles for which a value of more than 1111 Constitution Avenue NW, Related RIN: Related to 1545–BF19 $500 is claimed. Washington, DC 20224 RIN: 1545–BF20 Timetable: Phone: 202 622–7072 Action Date FR Cite Email: ∑ [email protected] 2654. REVISION OF REGULATION Temporary 06/00/06 TO COMPLY WITH THE Regulations Related RIN: Related to 1545–BD55 COMMISSIONER’S E–FILE PROGRAM Regulatory Flexibility Analysis RIN: 1545–BF32 (TEMPORARY) Required: No Priority: Info./Admin./Other Small Entities Affected: Businesses, 2657. ∑ ENTERTAINMENT EXPENSE Legal Authority: 26 USC 7805 Organizations DISALLOWANCE CFR Citation: 26 CFR 301 Government Levels Affected: None Priority: Substantive, Nonsignificant Legal Deadline: None Additional Information: REG-143755-05 Legal Authority: 26 USC 7805

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TREAS—IRS Final Rule Stage

CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Treasury, Internal Revenue Service, Legal Deadline: None Required: No 1111 Constitution Avenue NW, Small Entities Affected: Governmental Washington, DC 20224 Abstract: Regulations implementing the Phone: 202 622–7930 JOBS Act 2004 amendments to section Jurisdictions, Organizations 274(e)(2) and (e)(9), regarding Government Levels Affected: Local, Related RIN: Related to 1545–BA06, limitations on deductions for expenses State Related to 1545–BD76 for entertainment of specified Additional Information: REG-155608-02 RIN: 1545–BF36 individuals. Timetable: Drafting attorney: Neil D. Shepherd (202) 622-6040 2660. ∑ DEPRECIATION OF MACRS Action Date FR Cite PROPERTY THAT IS ACQUIRED IN A Reviewing attorney: Lynne Camillo LIKE–KIND EXCHANGE OR AS A Interim Final Rule 01/00/07 (202) 622-6040 RESULT OF AN INVOLUNTARY Regulatory Flexibility Analysis Treasury attorney: William Bortz (202) CONVERSION Required: No 622-1352 Priority: Substantive, Nonsignificant Small Entities Affected: No CC:TEGE Legal Authority: 26 USC 7805; 26 USC Government Levels Affected: None Agency Contact: Neil D. Shepherd, 168 Additional Information: REG-147171-05 Attorney–Advisor, Department of the Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1 Drafting attorney: Michael A. Nixon 1111 Constitution Avenue NW, (202) 622-4930 Legal Deadline: None Washington, DC 20224 Abstract: Reviewing attorney: George Baker (202) Phone: 202 622–6040 Provides guidance on how to 622-4930 depreciate MACRS property acquired in Related RIN: Previously reported as a like-kind exchange under section Treasury attorney: Eric San Juan (202) 1545–BB64 1031 or as a result of an involuntary 622-0224 RIN: 1545–BF35 conversion under 1033 when both the CC:ITA acquired and relinquished properties Agency Contact: Michael A. Nixon, are subject to section 168 in the hands 2659. ∑ AMENDMENT OF STATUTORY of the acquiring taxpayer. General Attorney, Department of the MERGERS AND CONSOLIDATIONS Treasury, Internal Revenue Service, Timetable: 1111 Constitution Avenue NW, Priority: Substantive, Nonsignificant Action Date FR Cite Washington, DC 20224 Legal Authority: 26 USC 368; 26 USC Phone: 202 622–4930 7805 NPRM 03/01/04 69 FR 9560 Final Action 02/00/07 RIN: 1545–BF34 CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Legal Deadline: None Required: Undetermined 2658. ∑ SECTION 3121(A)(5)(D) REGULATION (SALARY REDUCTION Abstract: This regulation provides Small Entities Affected: Businesses AGREEMENT) (TEMPORARY) transitional relief for certain transactions initiated before January 23, Government Levels Affected: Priority: Substantive, Nonsignificant 2006, the effective date of final Undetermined Legal Authority: 26 USC 7805; 26 USC regulations published in TD 9242 (71 Additional Information: REG-106590-00 6302 FR 4259) under section 368(a)(1)(A). Drafting attorney: Charles J. Magee CFR Citation: 26 CFR 31 Timetable: (202) 622-3110 Legal Deadline: None Action Date FR Cite Reviewing attorney: Charles Ramsey Abstract: The temporary regulation Final Action 12/00/06 (202) 622-3110 defines the term ‘‘salary reduction Regulatory Flexibility Analysis Treasury attorney: George Manousos agreement’’ within the meaning of Required: No (202) 622-1335 section 3121(a)(5)(D) as plan or arrangement whereby payment will be Small Entities Affected: No CC: PSI made by an employer to an annuity Government Levels Affected: None Agency Contact: Charles Magee, described in section 403(b) if an Additional Information: REG-109473-06 Attorney–Advisor, Department of the employee elects to reduce his Treasury, Internal Revenue Service, compensation or if an employee agrees Drafting attorney: Richard M. Heinecke 1111 Constitution Avenue NW, Room as a condition of employment to make (202) 622-7930 5114, Washington, DC 20224 a mandatory contribution that reduces Reviewing attorney: Alfred C. Bishop, Phone: 202 622–3110 his compensation. Jr. (202) 622-7930 Fax: 202 622–4779 Timetable: CC:COR Related RIN: Related to 1545–BC27, Action Date FR Cite Agency Contact: Richard M. Heinecke, Related to 1545–AY95 Interim Final Rule 12/00/06 Attorney–Advisor, Department of the RIN: 1545–BF37

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

2661. INCOME TAX—TAXPAYER’S Phone: 202 622–3860 Small Entities Affected: No OBLIGATION TO FILE A NOTICE OF RIN: 1545–AK74 Government Levels Affected: None REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE Agency Contact: Jeffrey L. Parry TO FILE 2664. NONRECOGNITION OF Phone: 202 622–3850 CORPORATE DISTRIBUTIONS AND Priority: Substantive, Nonsignificant RIN: 1545–AM90 REORGANIZATIONS UNDER THE CFR Citation: 26 CFR 1; 26 CFR 301; FOREIGN INVESTMENT IN REAL 26 CFR 602 PROPERTY TAX ACT 2667. CARIBBEAN BASIN INVESTMENTS Timetable: Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Action Date FR Cite CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 NPRM 06/23/88 53 FR 23659 Timetable: Timetable: Next Action Undetermined Action Date FR Cite Action Date FR Cite Regulatory Flexibility Analysis NPRM 05/05/88 53 FR 16233 Required: No Hearing 03/01/89 54 FR 1189 NPRM 05/13/91 56 FR 21963 Small Entities Affected: No Final Action 12/00/07 Hearing 07/12/91 56 FR 21963 Next Action Undetermined Government Levels Affected: None Regulatory Flexibility Analysis Required: No Regulatory Flexibility Analysis Agency Contact: Teresa B. Hughes Required: Undetermined Phone: 202 622–3850 Small Entities Affected: No Government Levels Affected: None RIN: 1545–AC09 Government Levels Affected: None Agency Contact: Thomas A. Vidano Agency Contact: Robert W. Lorence Phone: 202 435–5265 2662. FSC TRANSFER PRICING Phone: 202 622–3860 RIN: 1545–AM91 RULES, DISTRIBUTIONS, DIVIDENDS RIN: 1545–AK79 RECEIVED, DEDUCTION, AND OTHER SPECIAL RULES FOR FSC 2668. CONSOLIDATED ALTERNATIVE 2665. INCOME OF FOREIGN MINIMUM TAX Priority: Substantive, Nonsignificant GOVERNMENTS AND CFR Citation: 26 CFR 1 INTERNATIONAL ORGANIZATIONS Priority: Substantive, Nonsignificant Timetable: Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Action Date FR Cite CFR Citation: 26 CFR 1 Timetable: NPRM 03/03/87 52 FR 6467 Timetable: Action Date FR Cite NPRM Comment 05/02/87 Action Date FR Cite NPRM 12/30/92 57 FR 62251 Period End NPRM Comment 03/01/93 NPRM 06/27/88 53 FR 24100 Next Action Undetermined Period End NPRM Comment 08/26/88 Hearing 04/06/93 Regulatory Flexibility Analysis Period End Next Action Undetermined Required: No Next Action Undetermined Small Entities Affected: No Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Required: No Government Levels Affected: None Agency Contact: Carol Tan Small Entities Affected: No Agency Contact: Phone: 202 435–5265 Government Levels Affected: None Martin Scully Phone: 202 622–8066 RIN: 1545–AI16 Agency Contact: David A. Juster RIN: Phone: 202 622–3850 1545–AN73 2663. FOREIGN CORPORATIONS RIN: 1545–AL93 2669. CONFORMING TAXABLE YEARS Priority: Substantive, Nonsignificant OF CFCS AND FPHCS 2666. EARNINGS AND PROFITS OF CFR Citation: 26 CFR 1 CONTROLLED FOREIGN Priority: Substantive, Nonsignificant Timetable: CORPORATIONS CFR Citation: 26 CFR 1 Action Date FR Cite Priority: Substantive, Nonsignificant Timetable: NPRM 05/16/86 51 FR 17990 CFR Citation: 26 CFR 1 Action Date FR Cite Final Action 12/00/07 Timetable: NPRM 01/05/93 58 FR 290 Regulatory Flexibility Analysis Action Date FR Cite Next Action Undetermined Required: No NPRM 01/25/90 55 FR 2535 Regulatory Flexibility Analysis Small Entities Affected: No Next Action Undetermined Required: No Government Levels Affected: None Regulatory Flexibility Analysis Small Entities Affected: No Agency Contact: Thomas D. Beem Required: No Government Levels Affected: None

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TREAS—IRS Long-Term Actions

Agency Contact: Carl M. Cooper Government Levels Affected: None Government Levels Affected: None Phone: 202 622–3840 Agency Contact: Ann H. Logan Agency Contact: Gregory A. Spring RIN: 1545–AO22 Phone: 202 622–3970 Phone: 202 622–3870 RIN: 1545–AQ70 RIN: 1545–AT96 2670. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS 2673. STRADDLES— 2676. APPLICATION OF GRANTOR Priority: Substantive, Nonsignificant –MISCELLANEOUS ISSUES TRUST RULES TO NONEXEMPT EMPLOYEES’ TRUSTS CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Timetable: CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 Action Date FR Cite Timetable: Timetable: NPRM 07/01/92 57 FR 29246 Action Date FR Cite Next Action Undetermined Action Date FR Cite NPRM 05/02/95 60 FR 21482 NPRM 09/27/96 61 FR 50778 Regulatory Flexibility Analysis Final Action 06/00/07 Required: No NPRM Comment 12/26/96 Regulatory Flexibility Analysis Period End Small Entities Affected: No Required: No Hearing 01/15/97 Government Levels Affected: None Small Entities Affected: No Next Action Undetermined Regulatory Flexibility Analysis Agency Contact: Jeffrey L. Parry Government Levels Affected: None Phone: 202 622–3850 Required: No Agency Contact: Mary Brewer Small Entities Affected: No RIN: 1545–AQ55 Phone: 202 622–3950 Government Levels Affected: None RIN: 1545–AT46 2671. INTEREST–FREE Agency Contact: M. Grace Fleeman ADJUSTMENTS Phone: 202 622–3880 2674. ALLOCATION OF ACCRUED Priority: Substantive, Nonsignificant BENEFITS BETWEEN EMPLOYER Linda S.F. Marshall CFR Citation: 26 CFR 31 AND EMPLOYEE CONTRIBUTIONS Phone: 202 622–6090 Priority: Timetable: Substantive, Nonsignificant James A. Quinn Action Date FR Cite CFR Citation: 26 CFR 1 Phone: 202 622–3070 NPRM 12/10/92 57 FR 58423 Timetable: RIN: 1545–AU29 NPRM Comment 02/08/93 Action Date FR Cite Period End 2677. ELECTRONIC TRANSMISSION Next Action Undetermined NPRM 12/22/95 60 FR 66532 NPRM Comment 03/21/96 OF WITHHOLDING CERTIFICATES Regulatory Flexibility Analysis Period End Priority: Substantive, Nonsignificant Required: No Next Action Undetermined CFR Citation: 26 CFR 1 Small Entities Affected: No Regulatory Flexibility Analysis Timetable: Government Levels Affected: None Required: No Action Date FR Cite Agency Contact: Karin Loverud Small Entities Affected: No Phone: 202 622–6080 NPRM 10/14/97 62 FR 53504 Government Levels Affected: None Next Action Undetermined RIN: 1545–AQ61 Agency Contact: Cathy A. Vohs Regulatory Flexibility Analysis Phone: 202 622–6090 Required: No 2672. THE TREATMENT OF RIN: 1545–AT82 Small Entities Affected: No ACCELERATED DEATH BENEFITS Government Levels Affected: None Priority: Substantive, Nonsignificant 2675. FOREIGN CORPORATIONS Agency Contact: Carl M. Cooper CFR Citation: 26 CFR 1 REGULATIONS Phone: 202 622–3840 Timetable: Priority: Substantive, Nonsignificant RIN: 1545–AV27 Action Date FR Cite CFR Citation: 26 CFR 1 NPRM 12/15/92 57 FR 59319 Timetable: 2678. TRANSPORTATION OF NPRM Comment 02/26/93 PERSONS AND PROPERTY BY AIR Action Date FR Cite Period End Priority: Substantive, Nonsignificant Hearing 03/19/93 NPRM 03/08/96 61 FR 9377 Next Action Undetermined Next Action Undetermined CFR Citation: 26 CFR 49 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Timetable: Required: No Required: No Action Date FR Cite Small Entities Affected: No Small Entities Affected: No NPRM 04/00/07

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TREAS—IRS Long-Term Actions

Regulatory Flexibility Analysis Government Levels Affected: None Phone: 202 622–4940 Required: No Agency Contact: Robert W. Lorence Fax: 202 622–1585 Small Entities Affected: No Phone: 202 622–3860 Email: [email protected] Government Levels Affected: None RIN: 1545–AX77 RIN: 1545–BA99 Agency Contact: Taylor Cortright Phone: 202 622–3130 2682. SPECIAL RULES FOR S CORPORATIONS 2685. AMENDMENT TO SECTION 6724 RIN: 1545–AW19 RELATING TO FAILURE TO FILE Priority: Substantive, Nonsignificant CORRECT INFORMATION RETURNS 2679. CONSTRUCTIVE SALES OF CFR Citation: 26 CFR 301; 26 CFR 601 Priority: Substantive, Nonsignificant APPRECIATED FINANCIAL POSITIONS Timetable: CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Action Date FR Cite Timetable: CFR Citation: 26 CFR 1 NPRM 04/27/92 57 FR 15272 Action Date FR Cite Timetable: NPRM Comment 06/26/92 Period End NPRM 07/09/03 68 FR 40857 Action Date FR Cite Next Action Undetermined Final Action 12/00/07 NPRM 06/00/07 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: Businesses, Government Levels Affected: None Government Levels Affected: None Organizations Agency Contact: David A. Juster Agency Contact: William M. Kostak Government Levels Affected: None Phone: 202 622–3850 Phone: 202 622–4910 Agency Contact: Kathleen Sleeth Related RIN: Split from 1545–AP35, RIN: 1545–BB41 Phone: 202 622–3920 Related to 1545–AS88 RIN: 1545–AW97 RIN: 1545–AY44 2686. NOTARIZATION REQUIREMENT FOR STATEMENTS OF PURCHASE 2680. DEFINITION OF ACCOUNTING 2683. PAYMENTS FOR INTEREST IN Priority: Substantive, Nonsignificant METHOD PARTNERSHIP CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Timetable: CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 Action Date FR Cite Timetable: Next Action Undetermined Timetable: NPRM 07/10/03 68 FR 41087 Regulatory Flexibility Analysis Action Date FR Cite NPRM Comment 10/08/03 Required: No Period End NPRM 12/00/07 Next Action Undetermined Small Entities Affected: No Regulatory Flexibility Analysis Regulatory Flexibility Analysis Government Levels Affected: None Required: No Required: No Agency Contact: Grant D. Anderson Small Entities Affected: No Small Entities Affected: No Phone: 202 622–4930 Government Levels Affected: None Fax: 202 622–0735 Government Levels Affected: None Email: Agency Contact: Stacy L. Short Agency Contact: John T. Ricotta [email protected] Phone: 202 622–3070 Phone: 202 622–6060 RIN: 1545–AX21 RIN: 1545–AY90 RIN: 1545–BC11

2681. MODIFICATION TO SECTION 2684. TIMELY MAILING TREATMENT 2687. CONTINGENT AT CLOSING 367(A) STOCK TRANSFER Priority: Substantive, Nonsignificant ESCROWS REGULATIONS CFR Citation: 26 CFR 301 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Timetable: CFR Citation: 26 CFR 1; 26 CFR 602 CFR Citation: 26 CFR 1; 26 CFR 602 Action Date FR Cite Timetable: Timetable: NPRM 09/21/04 69 FR 56377 Action Date FR Cite Action Date FR Cite Next Action Undetermined NPRM 02/01/99 64 FR 4801 NPRM 12/00/07 Regulatory Flexibility Analysis Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Required: No Small Entities Affected: No Agency Contact: Dillon Taylor Small Entities Affected: No

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TREAS—IRS Long-Term Actions

Government Levels Affected: None Timetable: 2693. HIPAA PORTABILITY: SPECIAL ENROLLMENT PROCEDURES, Agency Contact: Richard Shevak Action Date FR Cite TOLLING, AND INTERACTION WITH Phone: 202 622–8142 NPRM 03/10/05 70 FR 11903 FMLA Related RIN: Next Action Undetermined Related to 1545–AR82 Priority: Substantive, Nonsignificant RIN: 1545–BC16 Regulatory Flexibility Analysis Required: No CFR Citation: 26 CFR 54 Timetable: 2688. SUBSTITUTE FOR RETURN Small Entities Affected: No (SFR) AND AUTOMATED SUBSTITUTE Government Levels Affected: None Action Date FR Cite FOR RETURN (ASFR) Agency Contact: Jean R. Brenner NPRM 12/30/04 69 FR 78800 Next Action Undetermined Priority: Substantive, Nonsignificant Phone: 202 622–7790 Regulatory Flexibility Analysis CFR Citation: 26 CFR 301 RIN: 1545–BC88 Required: No Timetable: 2691. DISCLOSURES TO Small Entities Affected: No Action Date FR Cite SUBCONTRACTORS Government Levels Affected: None NPRM 07/18/05 70 FR 41165 Priority: Substantive, Nonsignificant. Agency Contact: Russell Weinheimer Hearing 03/08/06 Major status under 5 USC 801 is Phone: 202 622–6080 Next Action Undetermined undetermined. Related RIN: Related to 1545–AW02, Regulatory Flexibility Analysis CFR Citation: 26 CFR 301 Related to 1545–AX84 Required: Undetermined Timetable: RIN: 1545–BD51 Government Levels Affected: Action Date FR Cite Undetermined NPRM 01/12/05 70 FR 2076 2694. RETURN FOR SUBCHAPTER T Agency Contact: Laura Rebecca Urich Next Action Undetermined COOPERATIVES Phone: 202 622–4940 Fax: 202 622–1585 Regulatory Flexibility Analysis Priority: Routine and Frequent. Major Email: Required: No status under 5 USC 801 is undetermined. [email protected] Small Entities Affected: Businesses, CFR Citation: Related RIN: Related to 1545–BC46 Governmental Jurisdictions, 26 CFR 1 Organizations Timetable: RIN: 1545–BC45 Government Levels Affected: Federal, Action Date FR Cite Local, State 2689. DEFINITION OF LOSS FOR NPRM 07/29/05 70 FR 43811 Agency Contact: Helene R. Newsome PURPOSES OF THE STRADDLE Next Action Undetermined Phone: 202 622–4570 RULES Regulatory Flexibility Analysis RIN: 1545–BC92 Priority: Substantive, Nonsignificant. Required: No Major status under 5 USC 801 is Government Levels Affected: None undetermined. 2692. ATTAINED AGE OF THE INSURED Agency Contact: Matthew P. Howard CFR Citation: 26 CFR 1 Phone: 202 622–4910 Priority: Substantive, Nonsignificant. RIN: Timetable: Major status under 5 USC 801 is 1545–BD92 Action Date FR Cite undetermined. NPRM 06/00/07 CFR Citation: 26 CFR 1 2695. EMPLOYER’S ANNUAL FEDERAL EMPLOYMENT TAX Regulatory Flexibility Analysis Timetable: RETURN—FORM 944 Required: No Action Date FR Cite Priority: Substantive, Nonsignificant. Small Entities Affected: No NPRM 05/24/05 70 FR 29671 Major status under 5 USC 801 is Government Levels Affected: None NPRM Comment 08/24/05 undetermined. Period End CFR Citation: 26 CFR 31 Agency Contact: Mary Brewer Public Hearing 09/14/05 70 FR 29672 Phone: 202 622–3950 Next Action Undetermined Timetable: RIN: 1545–BC83 Regulatory Flexibility Analysis Action Date FR Cite Required: No NPRM 11/07/05 70 FR 67397 2690. TRANSACTIONS INVOLVING Small Entities Affected: No Next Action Undetermined THE TRANSFER OF NO NET EQUITY Government Levels Affected: None Regulatory Flexibility Analysis VALUE Required: Agency Contact: Ann H. Logan No Priority: Substantive, Nonsignificant Phone: 202 622–3970 Small Entities Affected: Businesses CFR Citation: 26 CFR 1 RIN: 1545–BD00 Government Levels Affected: Federal

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TREAS—IRS Long-Term Actions

Agency Contact: Raymond Bailey Phone: 202 622–4580 Small Entities Affected: No Phone: 202 622–4910 Related RIN: Related to 1545–BC93, Government Levels Affected: None Related RIN: Related to 1545–BE00 Related to 1545–BE02, Related to Agency Contact: Sylvan V. 1545–BE01 RIN: 1545–BD93 Boominathan RIN: 1545–BE08 Phone: 202 622–0047 RIN: 2696. RETURN FOR SUBCHAPTER T 1545–BE32 COOPERATIVES (TEMPORARY) 2699. INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED Priority: Substantive, Nonsignificant 2702. LIMITATION ON TRANSFER OF INTELLECTUAL PROPERTY BUILT–IN LOSSES CFR Citation: 26 CFR 1 CONTRIBUTIONS Priority: Substantive, Nonsignificant Timetable: Priority: Substantive, Nonsignificant Next Action Undetermined CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1; 26 CFR 602 Regulatory Flexibility Analysis Timetable: Next Action Undetermined Required: No Timetable: Regulatory Flexibility Analysis Small Entities Affected: No Action Date FR Cite Required: No Government Levels Affected: None NPRM 05/23/05 70 FR 29460 Small Entities Affected: No Next Action Undetermined Agency Contact: Matthew P. Howard Government Levels Affected: None Regulatory Flexibility Analysis Phone: 202 622–4910 Agency Contact: Jay M. Singer Required: No Related RIN: Related to 1545–BD92 Phone: 202 622–7530 Government Levels Affected: None RIN: 1545–BD98 Related RIN: Related to 1545–BE59 Agency Contact: Matthew P. Howard RIN: 1545–BE58 Phone: 202 622–4910 2697. APPLICATION OF SECTION RIN: 1545–BE11 6404(G) SUSPENSION PROVISIONS 2703. SIMPLIFICATION OF Priority: Substantive, Nonsignificant EXTENSION PROCESS UNDER 2700. EMPLOYER COMPARABLE SECTION 6081 CFR Citation: 26 CFR 301 CONTRIBUTIONS TO HEALTH Priority: Substantive, Nonsignificant. SAVINGS ACCOUNTS UNDER Timetable: Next Action Undetermined Major status under 5 USC 801 is SECTION 4980G Regulatory Flexibility Analysis undetermined. Priority: Substantive, Nonsignificant Required: No CFR Citation: 26 CFR 1; 26 CFR 53; CFR Citation: 26 CFR 54 Small Entities Affected: Businesses, 26 CFR 55; 26 CFR 156; 26 CFR 301 Organizations Timetable: Timetable: Government Levels Affected: None Action Date FR Cite Action Date FR Cite Agency Contact: Julie A. Jebe Hearing 02/23/06 NPRM 11/07/05 70 FR 67397 Phone: 202 622–7950 Next Action Undetermined Next Action Undetermined RIN: 1545–BE07 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Required: Undetermined Government Levels Affected: Government Levels Affected: None 2698. DISCLOSURE OF RETURN Undetermined INFORMATION TO THE BUREAU OF Agency Contact: Allen David Madison THE CENSUS Agency Contact: Shoshanna Tanner Phone: 202 622–4940 Phone: 202 622–6080 Fax: 202 622–1585 Priority: Substantive, Nonsignificant RIN: 1545–BE30 Email: CFR Citation: 26 CFR 301 [email protected] Timetable: 2701. DOMESTIC WORKERS Related RIN: Related to 1545–BE63 Action Date FR Cite REGULATION UPDATE (APPLICATION RIN: 1545–BE62 OF THE FEDERAL INSURANCE NPRM 03/11/05 70 FR 12166 CONTRIBUTIONS ACT TO PAYMENTS Next Action Undetermined 2704. CONVERTING AN IRA ANNUITY MADE FOR CERTAIN SERVICES) TO A ROTH IRA Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Required: No Priority: Substantive, Nonsignificant. CFR Citation: 26 CFR 31 Major status under 5 USC 801 is Small Entities Affected: No Timetable: undetermined. Government Levels Affected: None Action Date FR Cite CFR Citation: Not Yet Determined Agency Contact: Charles B. Timetable: Christopher NPRM 08/26/05 70 FR 50228 Action Date FR Cite Phone: 202 622–4580 Next Action Undetermined Regulatory Flexibility Analysis NPRM 08/22/05 70 FR 48924 Charles B. Christopher Required: No Next Action Undetermined

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TREAS—IRS Long-Term Actions

Regulatory Flexibility Analysis Agency Contact: Theresa M. Kolish Internal Revenue Service, 1111 Required: Undetermined Phone: 202 622–7530 Constitution Avenue NW, Room 5135, Government Levels Affected: None Fax: 202 622–7556 CC: PA: APJP: B02, Washington, DC Email: 20224 Agency Contact: Cathy A. Vohs [email protected] Phone: 202 622–4940 Phone: 202 622–6090 Fax: 202 622–1585 Related RIN: Related to 1545–BE66 Theresa M. Kolish Email: Phone: 202 622–7530 [email protected] RIN: 1545–BE65 Fax: 202 622–7556 RIN: 1545–BF38 Email: 2705. ABANDONMENT OF STOCK [email protected] 2710. ∑ FAILURE TO MAINTAIN LIST AND OTHER SECURITIES RIN: 1545–BE87 OF ADVISEES WITH RESPECT TO Priority: Substantive, Nonsignificant. REPORTABLE TRANSACTIONS Major status under 5 USC 801 is 2708. APPLICATION OF SECTION 338 Priority: Substantive, Nonsignificant undetermined. TO INSURANCE COMPANIES CFR Citation: 26 CFR 1 Legal Authority: 26 USC 7805 Priority: Substantive, Nonsignificant Timetable: CFR Citation: 26 CFR 301.6708–1 CFR Citation: 26 CFR 1 Legal Deadline: None Action Date FR Cite Timetable: Next Action Undetermined Abstract: Proposed regulation regarding NPRM 12/00/07 Regulatory Flexibility Analysis the penalty imposed under section Regulatory Flexibility Analysis Required: No 6708 for a person required to maintain Required: No Small Entities Affected: No a list under section 6112 who fails to Small Entities Affected: No make the list available upon the request Government Levels Affected: None by the Secretary. Government Levels Affected: None Agency Contact: Mark Weiss Timetable: Agency Contact: Sean Dwyer Phone: 202 622–7790 Action Date FR Cite Phone: 202 622–5020 Related RIN: Related to 1545–AY49 NPRM To Be Determined RIN: 1545–BE80 RIN: 1545–BF02 Regulatory Flexibility Analysis Required: Undetermined 2706. FOREIGN CURRENCY 2709. ∑ FAILURE TO MAINTAIN LIST Government Levels Affected: None CONTRACT DEFINED OF ADVISEES WITH RESPECT TO Priority: Substantive, Nonsignificant REPORTABLE TRANSACTIONS Additional Information: REG-160873-04 CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Drafting attorney: Allen David Madison (202) 622-4940 Timetable: Next Action Undetermined Legal Authority: 26 USC 7805 Reviewing attorney: Janice Feldman Regulatory Flexibility Analysis CFR Citation: 26 CFR 301.6708–1T (202) 622-4940 Required: No Legal Deadline: None CC: PA: APJ Small Entities Affected: No Abstract: Temporary regulation Agency Contact: Allen David Madison, Government Levels Affected: None regarding the penalty imposed under Attorney, Department of the Treasury, Agency Contact: Stephen J. Coleman section 6708 for a person required to Internal Revenue Service, 1111 Phone: 202 622–6289 maintain a list under section 6112 who Constitution Avenue NW, Room 5135, fails to make the list available upon the CC: PA: APJP: B02, Washington, DC Related RIN: Related to 1545–BE83 request by the Secretary. 20224 RIN: 1545–BE82 Timetable: Phone: 202 622–4940 Fax: 202 622–1585 Action Date FR Cite 2707. TREATMENT OF EXCESS LOSS Email: Interim Final Rule To Be Determined ACCOUNTS [email protected] Regulatory Flexibility Analysis RIN: 1545–BF39 Priority: Substantive, Nonsignificant Required: Undetermined CFR Citation: 26 CFR 1 Government Levels Affected: None 2711. ∑ ACCURACY–RELATED Timetable: Additional Information: REG-160873-04 PENALTIES Action Date FR Cite Drafting attorney: Allen David Madison Priority: Substantive, Nonsignificant NPRM 01/26/06 71 FR 4319 (202) 622-4940 Legal Authority: 26 USC 6662A; 26 Next Action Undetermined Reviewing attorney: Janice Feldman USC 6662; 26 USC 6664; 26 USC 7805 Regulatory Flexibility Analysis (202) 622-4940 CFR Citation: 26 CFR 1 Required: No CC: PA: APJ Legal Deadline: None Small Entities Affected: No Agency Contact: Allen David Madison, Abstract: Temporary regulations Government Levels Affected: None Attorney, Department of the Treasury, regarding the new provisions and

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TREAS—IRS Long-Term Actions

amendments made to code sections Regulatory Flexibility Analysis Agency Contact: Laura Rebecca Urich, 6662, 6662A, and 6664 by the Required: No Attorney Advisor, Department of the American Jobs Creation Act of 2004 Treasury, Internal Revenue Service, and the Gulf Opportunity Zone Act of Government Levels Affected: None 1111 Constitution Avenue NW, 2005. Washington, DC 20224 Additional Information: REG-160870-04 Phone: 202 622–4940 Timetable: Drafting Attorney: Laura R. Urich (202) Fax: 202 622–1585 Action Date FR Cite 622-4940 Email: [email protected] Temporary To Be Determined CC: PA: APJ Regulations RIN: 1545–BF41

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

2712. ESCROW FUNDS AND OTHER Completed: Small Entities Affected: No SIMILAR FUNDS Reason Date FR Cite Government Levels Affected: Federal Priority: Substantive, Nonsignificant NPRM Withdrawn 08/10/05 70 FR 47160 Agency Contact: Shoshanna Tanner CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Phone: 202 622–6080 Completed: Required: No RIN: 1545–AY67 Reason Date FR Cite Small Entities Affected: No Final Action 02/07/06 71 FR 6197 Government Levels Affected: None 2717. MERGERS INVOLVING Completed by TD DISREGARDED ENTITIES 9249 Agency Contact: Celia A. Gabrysh Phone: 202 622–3130 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis CFR Citation: 26 CFR 1 Required: Yes RIN: 1545–AX10 Completed: Small Entities Affected: Businesses Reason Date FR Cite Government Levels Affected: None 2715. NORMAL RETIREMENT AGE FOR PENSION PLANS Agency Contact: Richard Shevak Final Action 01/26/06 71 FR 4259 Completed by TD Phone: 202 622–8142 Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 9242 Related RIN: Related to 1545–BD19 undetermined. Regulatory Flexibility Analysis RIN: 1545–AR82 CFR Citation: 26 CFR 1 Required: No Completed: Small Entities Affected: No 2713. DEFINITION OF PRIVATE Government Levels Affected: None ACTIVITY BOND—REFUNDING Reason Date FR Cite Agency Contact: REGULATIONS No Further Action 04/07/06 Richard M. Heinecke Phone: 202 622–7930 Priority: Substantive, Nonsignificant Contemplated Related RIN: Related to 1545–BB46 CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Required: No RIN: 1545–BA06 Completed: Small Entities Affected: No Reason Date FR Cite Government Levels Affected: None 2718. PROVISIONS REGARDING Final Action 12/19/05 70 FR 75028 CROSS–BORDER TRANSACTIONS Completed by TD Agency Contact: Janet A. Laufer 9234 Phone: 202 622–6080 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis RIN: 1545–AY61 CFR Citation: 26 CFR 1 Required: No Completed: Small Entities Affected: No 2716. TAX TREATMENT OF Reason Date FR Cite CAFETERIA PLANS Government Levels Affected: None Final Action completed 01/26/06 71 FR 4276 Agency Contact: Johanna Som de Cerff Priority: Substantive, Nonsignificant by TD 9243 Phone: 202 622–3980 CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis RIN: 1545–AU98 Completed: Required: No Reason Date FR Cite Small Entities Affected: No Government Levels Affected: 2714. HIGHWAY VEHICLE— Incorporated into RIN 04/07/06 None DEFINITION 1545–BF00 Agency Contact: Robert W. Lorence Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Phone: 202 622–3860 CFR Citation: 26 CFR 48 Required: No RIN: 1545–BA65

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TREAS—IRS Completed Actions

2719. REPORTING REQUIREMENTS Agency Contact: Linda S.F. Marshall Completed: FOR WIDELY HELD FIXED Phone: 202 622–6090 Reason Date FR Cite INVESTMENT TRUSTS Related RIN: Related to 1545–BA10 Final Action 08/29/05 70 FR 50967 Priority: Substantive, Nonsignificant RIN: 1545–BB79 Completed by TD CFR Citation: 26 CFR 1 9223 Completed: Regulatory Flexibility Analysis 2722. DETERMINATION OF Required: No Reason Date FR Cite SINGLE–SUM DISTRIBUTIONS FROM Small Entities Affected: No Final Action 01/24/06 71 FR 4002 CASH BALANCE PLANS Government Levels Affected: None Completed by TD Priority: Substantive, Nonsignificant 9241 Agency Contact: Bruce Perlin Regulatory Flexibility Analysis CFR Citation: 26 CFR 1 Phone: 202 622–6090 Required: No Completed: RIN: 1545–BC20 Small Entities Affected: No Reason Date FR Cite Government Levels Affected: None No Further Action 04/07/06 2725. SECTION 411(D)(6) PROTECTED Agency Contact: Faith Colson Contemplated BENEFITS Phone: 202 622–3060 Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Related RIN: Related to 1545–AU15 Required: No CFR Citation: 26 CFR 1; 26 CFR 54 RIN: 1545–BA83 Small Entities Affected: Organizations Completed: Government Levels Affected: None Reason Date FR Cite 2720. COLLECTED EXCISE TAXES; Agency Contact: Linda S.F. Marshall Final Action 08/12/05 70 FR 47109 DUTIES OF COLLECTOR Completed by TD Phone: 202 622–6090 Priority: Substantive, Nonsignificant 9219 RIN: 1545–BB93 CFR Citation: 26 CFR 40; 26 CFR 49 Regulatory Flexibility Analysis Required: No Completed: 2723. DETERMINATION OF BASIS OF Small Entities Affected: No Reason Date FR Cite SECURITIES RECEIVED IN Government Levels Affected: None Final Action 08/25/05 70 FR 49869 EXCHANGE OR WITH RESPECT TO A Completed by TD STOCK OR SECURITIES IN CERTAIN Agency Contact: Pamela R. Kinard 9221 TRANSACTIONS Phone: 202 622–6060 Regulatory Flexibility Analysis Priority: Other Significant RIN: 1545–BC26 Required: No CFR Citation: 26 CFR 1 Small Entities Affected: No 2726. GUIDANCE ON PFIC PURGING Government Levels Affected: None Completed: ELECTIONS Agency Contact: Taylor Cortright Reason Date FR Cite Priority: Substantive, Nonsignificant Phone: 202 622–3130 Final Action 01/26/06 71 FR 4264 CFR Citation: 26 CFR 1 Related RIN: Related to 1545–BB76 Completed by TD Completed: 9244 RIN: 1545–BB75 Reason Date FR Cite Regulatory Flexibility Analysis Required: No Final Action completed 12/08/05 70 FR 72914 2721. APPLICATION OF by TD 9231 Small Entities Affected: NONDISCRIMINATION No Regulatory Flexibility Analysis CROSS–TESTING RULES TO CASH Government Levels Affected: None Required: No BALANCE PLANS Agency Contact: Theresa M. Kolish Small Entities Affected: No Priority: Substantive, Nonsignificant Phone: 202 622–7530 Government Levels Affected: None CFR Citation: 26 CFR 1 Fax: 202 622–7556 Agency Contact: Ethan A. Atticks Email: Completed: Phone: 202 622–3840 [email protected] Reason Date FR Cite RIN: 1545–BC49 RIN: 1545–BC05 No Further Action 04/07/06 Contemplated 2727. PARTNERSHIPS AND DEEMED Regulatory Flexibility Analysis 2724. VALUE OF LIFE INSURANCE DISPOSITIONS OF UNREALIZED Required: No WHEN DISTRIBUTED FROM A RECEIVABLES AND INVENTORY QUALIFIED RETIREMENT PLAN Small Entities Affected: Businesses, ITEMS Organizations Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Government Levels Affected: None CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1

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TREAS—IRS Completed Actions

Completed: Completed: 2733. CURRENT LIABILITY INTEREST Reason Date FR Cite Reason Date FR Cite RATE UNDER SECTION 412(B)(5) Withdrawn 02/08/06 Final Action 12/15/05 70 FR 74198 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Completed by TD CFR Citation: 26 CFR 1 9233 Required: No Regulatory Flexibility Analysis Completed: Small Entities Affected: No Required: No Reason Date FR Cite Government Levels Affected: None Small Entities Affected: No Withdrawn 02/17/06 Agency Contact: Charlotte Chyr Government Levels Affected: Local, Phone: 202 622–3070 Regulatory Flexibility Analysis State Required: No RIN: 1545–BC65 Agency Contact: David R. Ford Small Entities Affected: No Phone: 202 622–6040 2728. GUIDANCE UNDER SECTION RIN: 1545–BC89 Government Levels Affected: None 1502; APPLICATION OF SECTION 108 TO MEMBERS OF A CONSOLIDATED Agency Contact: Linda S.F. Marshall GROUP 2731. GUIDANCE UNDER SECTION Phone: 202 622–6090 1502; APPLICATION OF SECTION 108 Priority: Substantive, Nonsignificant RIN: 1545–BD13 TO MEMBERS OF A CONSOLIDATED CFR Citation: 26 CFR 1 GROUP; COMPUTATION OF TAXABLE Completed: INCOME WHEN SECTION 108 2734. CURRENT LIABILITY INTEREST APPLIES TO A MEMBER OF A RATE UNDER SECTION 412(B)(5) Reason Date FR Cite CONSOLIDATED GROUP (TEMPORARY) Final Action 03/22/05 70 FR 14395 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Completed by TD 9192 CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Completed: Completed: Required: No Reason Date FR Cite Reason Date FR Cite Small Entities Affected: No Final Action 03/22/05 70 FR 14395 Withdrawn 02/17/06 Government Levels Affected: None Completed by TD Agency Contact: Amber R. Cook 9192 Regulatory Flexibility Analysis Phone: 202 622–7530 Regulatory Flexibility Analysis Required: No Required: Related RIN: Related to 1545–BC38, No Small Entities Affected: No Small Entities Affected: Related to 1545–BC39 No Government Levels Affected: None RIN: 1545–BC74 Government Levels Affected: None Agency Contact: Linda S.F. Marshall Agency Contact: Amber R. Cook Phone: 202 622–6090 2729. DETERMINATION OF Phone: 202 622–7530 Related RIN: Related to 1545–BD13 RESIDENCY IN U.S. POSSESSIONS Related RIN: Related to 1545–BC96 Priority: Substantive, Nonsignificant RIN: 1545–BC95 RIN: 1545–BD14 CFR Citation: 26 CFR 1 Completed: 2732. DEEMED IRAS IN 2735. STOCK HELD BY FOREIGN INSURANCE COMPANIES Reason Date FR Cite GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE RULES Priority: Substantive, Nonsignificant Final Action completed 01/31/06 71 FR 4996 by TD 9248 Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Completed: Required: No Completed: Reason Date FR Cite Small Entities Affected: No Reason Date FR Cite Final Action completed 10/03/05 70 FR 57509 Government Levels Affected: None No Further Action 04/07/06 by TD 9226 Contemplated Agency Contact: J. David Varley Regulatory Flexibility Analysis Phone: 202 435–5265 Regulatory Flexibility Analysis Required: No RIN: 1545–BC86 Required: No Small Entities Affected: No Small Entities Affected: No 2730. SICKNESS OR ACCIDENT Government Levels Affected: None Government Levels Affected: None DISABILITY PAYMENTS Agency Contact: Linda L. Conway Agency Contact: Sheila Ramaswamy Priority: Substantive, Nonsignificant Phone: 202 622–6090 Phone: 202 622–3870 CFR Citation: 26 CFR 31 RIN: 1545–BD07 RIN: 1545–BD27

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TREAS—IRS Completed Actions

2736. GUIDANCE ON PFIC PURGING 2739. APPLICATION OF SECTION 367 Email: ELECTIONS (TEMPORARY) IN CROSS BORDER SECTION 304 [email protected] Priority: Substantive, Nonsignificant TRANSACTIONS; CERTAIN RIN: 1545–BD53 TRANSFERS OF STOCK INVOLVING CFR Citation: 26 CFR 1 FOREIGN CORPORATIONS Completed: 2742. DISABLED ACCESS CREDIT Priority: Substantive, Nonsignificant Reason Date FR Cite Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Final Action completed 12/08/05 70 FR 72908 CFR Citation: 26 CFR 1 Completed: by TD 9232 Completed: Reason Date FR Cite Regulatory Flexibility Analysis Reason Date FR Cite Required: No Final Action completed 02/21/06 71 FR 8802 by TD 9250 No Further Action 04/07/06 Small Entities Affected: No Contemplated Regulatory Flexibility Analysis Government Levels Affected: None Regulatory Flexibility Analysis Required: No Agency Contact: Ethan A. Atticks Required: No Small Entities Affected: No Phone: 202 622–3840 Small Entities Affected: No Related RIN: Government Levels Affected: Related to 1545–BC37 None Government Levels Affected: None RIN: 1545–BD33 Agency Contact: Tasheaya L. Warren Agency Contact: Kelly R. Ellison Morrison–Lee 2737. LIFO RECAPTURE UNDER Phone: 202 622–3870 Phone: 202 622–3120 SECTION 1363(D) RIN: 1545–BD46 RIN: 1545–BD69 Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 2740. SECTION 951 PRO RATA RULES 2743. GUIDANCE UNDER SECTION Completed: Priority: Substantive, Nonsignificant 6501(C)(1) REGULATIONS Reason Date FR Cite CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Final Action 07/12/05 70 FR 39920 Completed: CFR Citation: 26 CFR 301 Completed by TD Completed: 9210 Reason Date FR Cite Reason Date FR Cite Regulatory Flexibility Analysis Final Action 08/25/05 70 FR 49864 Required: No Completed by TD Withdrawn 02/10/05 9222 Small Entities Affected: No Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Government Levels Affected: None Required: No Government Levels Affected: None Agency Contact: Pietro E. Canestrelli Small Entities Affected: No Phone: 202 622–3060 Agency Contact: Matthew S. Cooper Government Levels Affected: None Phone: 202 622–8445 Related RIN: Related to 1545–BC66 Fax: 202 622–1585 Agency Contact: Jeffrey L. Vinnik RIN: 1545–BD34 Email: Phone: 202 622–3840 [email protected] RIN: 1545–BD49 2738. CLARIFICATION OF RIN: 1545–BD73 DEFINITIONS 2741. CONTINUITY OF Priority: Substantive, Nonsignificant 2744. GUIDANCE UNDER SECTION INTEREST/STOCK FLUCTUATION CFR Citation: 26 CFR 301 368 REGARDING MERGERS WITH Priority: Substantive, Nonsignificant AND INTO A FOREIGN CORPORATION Completed: CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Reason Date FR Cite Completed: CFR Citation: 26 CFR 1; 26 CFR 368 Final Action 01/30/06 71 FR 4815 Completed by TD Reason Date FR Cite Completed: 9246 Final Action 09/16/05 70 FR 54631 Reason Date FR Cite Regulatory Flexibility Analysis Completed by TD Final Action 01/26/06 71 FR 4259 Required: No 9225 Completed by TD Small Entities Affected: No Regulatory Flexibility Analysis 9242 Government Levels Affected: None Required: No Regulatory Flexibility Analysis Required: Agency Contact: Thomas D. Beem Small Entities Affected: No No Phone: 202 622–3860 Government Levels Affected: None Small Entities Affected: No Related RIN: Related to 1545–BD43 Agency Contact: Lisa S. Dobson Government Levels Affected: None RIN: 1545–BD37 Phone: 202 622–5429 Agency Contact: Richard M. Heinecke

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TREAS—IRS Completed Actions

Phone: 202 622–7930 2748. DISCLOSURE OF RELATIVE 2751. DISCLOSURE OF RETURN RIN: 1545–BD76 VALUES OF OPTIONAL FORMS OF INFORMATION TO THE DEPARTMENT BENEFIT OF AGRICULTURE Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant 2745. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 301 Priority: Substantive, Nonsignificant Completed: Completed: CFR Citation: 26 CFR 1 Reason Date FR Cite Reason Date FR Cite Completed: Final Rule 03/24/06 71 FR 14798 Final Action 02/22/06 71 FR 8945 Regulatory Flexibility Analysis Completed by TD Reason Date FR Cite 9245 Required: No Final Action completed 12/16/05 70 FR 74658 Regulatory Flexibility Analysis Small Entities Affected: Businesses, by TD 9235 Required: No Organizations Regulatory Flexibility Analysis Small Entities Affected: No Required: No Government Levels Affected: None Government Levels Affected: Federal Government Levels Affected: None Agency Contact: Bruce Perlin Phone: 202 622–6090 Agency Contact: Deborah C. Agency Contact: Ronald M. Gootzeit RIN: 1545–BD97 Lambert–Dean Phone: 202 622–3860 Phone: 202 622–4570 Related RIN: Related to 1545–BD78 RIN: 1545–BE15 2749. EMPLOYER’S ANNUAL RIN: 1545–BD77 FEDERAL EMPLOYMENT TAX RETURN—FORM 944 (TEMPORARY) 2752. EXCLUSIONS FROM GROSS 2746. CLASSIFICATION OF CERTAIN Priority: Substantive, Nonsignificant INCOME OF FOREIGN FOREIGN ENTITIES (TEMPORARY) CORPORATIONS CFR Citation: 26 CFR 31 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Completed: CFR Citation: CFR Citation: 26 CFR 1 26 CFR 1 Reason Date FR Cite Completed: Completed: Final Action 01/03/06 71 FR 6 Reason Date FR Cite Completed by TD Reason Date FR Cite 9239 Final Action completed 04/14/05 70 FR 19697 Final Action completed 08/08/05 70 FR 45529 by TD 9197 Regulatory Flexibility Analysis by TD 9218 Required: Regulatory Flexibility Analysis No Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Required: No Government Levels Affected: None Government Levels Affected: Federal Small Entities Affected: No Agency Contact: Ronald M. Gootzeit Agency Contact: Raymond Bailey Government Levels Affected: None Phone: 202 622–3860 Phone: 202 622–4910 Agency Contact: Patricia A. Bray Related RIN: Related to 1545–BD77 Related RIN: Related to 1545–BD93 Phone: 202 622–3880 RIN: 1545–BE16 RIN: 1545–BD78 RIN: 1545–BE00

2753. BALANCED SYSTEM FOR 2747. SECTION 1374 EFFECTIVE 2750. DESIGNATED ROTH MEASURING ORGANIZATIONAL AND DATES CONTRIBUTIONS UNDER CASH OR DEFERRED ARRANGEMENTS UNDER EMPLOYEE PERFORMANCE WITHIN Priority: Substantive, Nonsignificant SECTION 401(K) THE INTERNAL REVENUE SERVICE (TEMPORARY) CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Completed: CFR Citation: None Reason Date FR Cite Completed: CFR Citation: 26 CFR 801 Completed: Final Action 12/21/05 70 FR 75730 Reason Date FR Cite Completed by TD Reason Date FR Cite 9236 Final Action 01/03/06 71 FR 6 Completed by TD Final Action 10/17/05 70 FR 60214 Regulatory Flexibility Analysis 9237 Completed by TD Required: No Regulatory Flexibility Analysis 9227 Government Levels Affected: None Required: No Regulatory Flexibility Analysis Agency Contact: Stephen R. Cleary Government Levels Affected: None Required: No Phone: 202 622–7750 Agency Contact: R. Lisa Mojiri–Azad Small Entities Affected: No Related RIN: Related to 1545–BD99 Phone: 202 622–6080 Government Levels Affected: Federal RIN: 1545–BD95 RIN: 1545–BE05 Agency Contact: Karen Keller

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TREAS—IRS Completed Actions

Phone: 202 622–7919 Completed: 2759. CONVERTING AN IRA ANNUITY TO A ROTH IRA (TEMPORARY) Related RIN: Related to 1545–BE45 Reason Date FR Cite Priority: RIN: 1545–BE46 Final Action 11/07/05 70 FR 67355 Substantive, Nonsignificant Completed by TD CFR Citation: 26 CFR 1 9228 2754. MODIFICATIONS TO THE DE Regulatory Flexibility Analysis Completed: MINIMIS DEPOSIT RULE UNDER Required: No Reason Date FR Cite SECTION 6302 Small Entities Affected: No Temporary Regulation 08/22/05 70 FR 48868 Priority: Substantive, Nonsignificant Government Levels Affected: None Completed by TD CFR Citation: 26 CFR 31 9220 Agency Contact: Paul F. Handleman Completed: Phone: 202 622–3040 Regulatory Flexibility Analysis Required: No Reason Date FR Cite RIN: 1545–BE50 Government Levels Affected: None Final Action 01/03/06 71 FR 46 Completed by TD 2757. APPLICATION OF THE Agency Contact: Cathy A. Vohs 9239 FEDERAL INSURANCE Phone: 202 622–6090 Regulatory Flexibility Analysis CONTRIBUTIONS ACT, FEDERAL Related RIN: Related to 1545–BE65 Required: No UNEMPLOYMENT TAX ACT, AND COLLECTION OF INCOME TAX AT RIN: 1545–BE66 Small Entities Affected: Businesses SOURCE TO STATUTORY STOCK Government Levels Affected: None OPTIONS 2760. QUALIFIED SEVERANCE OF A Agency Contact: Audra M. Dineen Priority: Substantive, Nonsignificant TRUST FOR GENERATION–SKIPPING Phone: 202 622–4940 CFR Citation: 26 CFR 31 TRANSFER (GST) TAX PURPOSES II Related RIN: Related to 1545–BE49, Completed: Priority: Substantive, Nonsignificant Merged with 1545–BD93, Merged with Reason Date FR Cite CFR Citation: 26 CFR 26 1545–BE00 Withdrawn 08/15/05 70 FR 38057 Completed: RIN: 1545–BE48 Regulatory Flexibility Analysis Reason Date FR Cite Required: No Withdrawn 04/07/06 2755. MODIFICATION TO THE DE Government Levels Affected: None MINIMIS DEPOSIT RULE UNDER Regulatory Flexibility Analysis SECTION 6302 (TEMPORARY) Agency Contact: Paul J. Carlino Required: No Phone: 202 622–0047 Priority: Substantive, Nonsignificant Small Entities Affected: No Related RIN: Related to 1545–BA26 CFR Citation: 26 CFR 31 RIN: 1545–BE60 Government Levels Affected: None Completed: Agency Contact: Mayer R. Samuels Reason Date FR Cite 2758. SIMPLIFICATION OF Phone: 202 622–3090 Final Action 01/03/06 71 FR 46 EXTENSION PROCESS UNDER RIN: 1545–BE70 Completed by TD SECTION 6081 (TEMPORARY) 9239 Priority: Substantive, Nonsignificant 2761. SPECIAL RULE REGARDING Regulatory Flexibility Analysis CFR Citation: 26 CFR 1; 26 CFR 53; CERTAIN SECTION 951 PRO RATA Required: No 26 CFR 55; 26 CFR 156; 26 CFR 301 SHARE ALLOCATIONS Small Entities Affected: Businesses Completed: Priority: Substantive, Nonsignificant Government Levels Affected: None Reason Date FR Cite CFR Citation: 26 CFR 1 Agency Contact: Audra M. Dineen Final Action 11/07/05 70 FR 67350 Completed: Phone: 202 622–4940 Completed by TD 9229 Reason Date FR Cite Related RIN: Related to 1545–BE48, Regulatory Flexibility Analysis Final Action completed 02/22/06 71 FR 8943 Merged with 1545–BD93, Merged with Required: by TD 9251 1545–BE00 No Government Levels Affected: None Regulatory Flexibility Analysis RIN: 1545–BE49 Agency Contact: Allen David Madison Required: No Phone: 202 622–4940 Small Entities Affected: No 2756. LOW–INCOME HOUSING Fax: 202 622–1585 CREDIT ALLOCATION AND Email: Government Levels Affected: None CERTIFICATION; REVISIONS [email protected] Agency Contact: Jefferson Vanderwolk Priority: Substantive, Nonsignificant Related RIN: Related to 1545–BE62 Phone: 202 622–3800 CFR Citation: 26 CFR 1 RIN: 1545–BE63 RIN: 1545–BE71

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TREAS—IRS Completed Actions

2762. GUIDANCE UNDER SECTION Regulatory Flexibility Analysis Treasury, Internal Revenue Service, 7874 FOR DETERMINING OWNERSHIP Required: No 1111 Constitution Avenue NW, BY FORMER SHAREHOLDERS OR Small Entities Affected: No Washington, DC 20224 PARTNERS OF DOMESTIC ENTITIES Phone: 202 622–4910 Government Levels Affected: None (TEMPORARY) RIN: 1545–BF18 Priority: Substantive, Nonsignificant Additional Information: REG-106418-05 Drafting Attorney: Kate Y. Hwa (202) CFR Citation: 26 CFR 1 2766. ∑ PROCEDURES FOR 622-3840 Completed: ADMINISTRATIVE REVIEW OF A Reviewing Attorney: Phyllis E. Marcus DETERMINATION THAT AN Reason Date FR Cite (202) 622-3840 AUTHORIZED RECIPIENT HAS FAILED Final Action completed 12/28/05 70 FR 76685 Treasury Attorney: John Harrington TO SAFEGUARD FEDERAL TAX by TD 9238 (202) 622-0589 RETURNS OR RETURN INFORMATION (TEMPORARY) Regulatory Flexibility Analysis CC: INTL Required: Priority: Substantive, Nonsignificant No Agency Contact: Kate Y. Hwa, Government Levels Affected: None Attorney–Advisor, Department of the Legal Authority: 26 USC 7805 Agency Contact: Jefferson VanderWolk Treasury, Internal Revenue Service, CFR Citation: 26 CFR 301 1111 Constitution Avenue NW, Phone: 202 622–3810 Legal Deadline: None Washington, DC 20224 Related RIN: Related to 1545–BE93 Phone: 202 622–3840 Abstract: Treasury regulation section 301.6103(p)(7)-1 is withdrawn. This RIN: 1545–BE94 Related RIN: Related to 1545–BE34 NPRM and cross-referenced temporary RIN: 1545–BF15 regulation provide the notice, appeal, 2763. CAFETERIA PLANS and disclosure termination procedures (TEMPORARY) 2765. ∑ INFORMATION REPORTING applicable to authorized recipients of Priority: Substantive, Nonsignificant RELATING TO TAXABLE STOCK Federal tax returns and return TRANSACTIONS information who fail to provide proper CFR Citation: 26 CFR 1 safeguarding of the information. Priority: Routine and Frequent Completed: Timetable: Reason Date FR Cite Legal Authority: 26 USC 6043(c); 26 USC 6045; 26 USC 7805 Action Date FR Cite Incorporated into RIN 04/07/06 Final Rule 02/24/06 71 FR 9449 1545–BF00 CFR Citation: 26 CFR 1 Legal Deadline: None Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Required: No Abstract: Final regulations requiring Small Entities Affected: No Small Entities Affected: No information reporting if control of a corporation is acquired, or the Government Levels Affected: None Government Levels Affected: None corporation has a substantial change in Additional Information: REG-157271-05 Agency Contact: Elizabeth A. Purcell capital structure. Final regulations Drafting attorney: Melinda K. Fisher Phone: 202 622–6080 concerning information reporting requirements for brokers with respect (202) 622-4580 Related RIN: Related to 1545–BF00 to transactions described in IRC section Reviewing attorney: Margo L. Stevens RIN: 1545–BF01 6043(c). (202) 622-4560 Timetable: CC:PA:DPL 2764. ∑ GUIDANCE UNDER SUBPART Action Date FR Cite Agency Contact: Melinda K. Fisher, F RELATING TO PARTNERSHIPS Attorney, Department of the Treasury, (TEMPORARY) Final Action 12/05/05 70 FR 72376 Completed by TD Internal Revenue Service, 1111 Priority: Substantive, Nonsignificant 9230 Constitution Avenue NW, Washington, DC 20024 Regulatory Flexibility Analysis Legal Authority: 26 USC 7805 Phone: 202 622–4580 Required: No CFR Citation: 26 CFR 954 Related RIN: Related to 1545–BF21 Small Entities Affected: No Legal Deadline: None RIN: 1545–BF22 Government Levels Affected: None Abstract: These temporary regulations Additional Information: REG-156232-03 will provide guidance for determining 2767. ∑ ALLOCATION AND that a CFC’s distributive share of Drafting attorney: Michael E. Hara (202) APPORTIONMENT OF EXPENSES; partnership income will qualify for the 622-4910 ALTERNATIVE METHOD FOR exception contained in section 954(i). Reviewing attorney: Tiffany P. Smith DETERMINING TAX BOOK VALUE OF Timetable: (202) 622-4910 ASSETS Action Date FR Cite CC: PA: APJ Priority: Substantive, Nonsignificant Final Action completed 01/17/06 71 FR 2462 Agency Contact: Michael E. Hara, Legal Authority: 26 USC 7805; 26 USC by TD 9240 Attorney–Advisor, Department of the 0864

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TREAS—IRS Completed Actions

CFR Citation: 26 CFR 1 Abstract: In general, the common CFR Citation: 26 CFR 1 Legal Deadline: None parent of an affilated group of corporations filing a consolidated Legal Deadline: None Abstract: This final rule provides Federal income tax return is the ‘‘agent Abstract: In general, the common guidance with respect to methods of for the group’’ that the IRS deals with parent of an affiliated group of apportioning interest expenses under for tax matters affecting all corporations corporations filing a consolidated section 864(e). in the group. Under new Internal Federal income tax return is the ‘‘agent Revenue Code section 7874, a foreign Timetable: for the group’’ that the IRS deals with corporation may sometimes be the for tax matters affecting all corporations Action Date FR Cite common parent of a consolidated in the group. Under new Internal Final Action completed 01/30/06 71 FR 4813 group. To avoid potential problems for Revenue Code section 7874, a foreign by TD 9247 the IRS in dealing with a foreign corporation may sometimes be the common parent, the regulations would Regulatory Flexibility Analysis common parent of a consolidated Required: No require that a group member incorporated in the United States be the group. To avoid potential problems for Government Levels Affected: None agent for the group. the IRS in dealing with a foreign common parent, the regulations would Additional Information: REG-129447-01 Timetable: require that a group member Drafting Attorney: David F. Bergkuist Action Date FR Cite incorporated in the United States be the (202) 622-3850 agent for the group. Final Rule 03/14/06 71 FR 13001 Reviewing Attorney: Anne O. Regulatory Flexibility Analysis Timetable: Devereaux (202) 622-3850 Required: No Action Date FR Cite Treasury Attorney: John Harrington Government Levels Affected: None (202) 622-0589 Final Action 03/14/06 71 FR 13001 Additional Information: REG-164247-05 CC:INTL Regulatory Flexibility Analysis Drafting attorney: Stephen R. Cleary Agency Contact: Required: No David F. Bergkuist, (202) 622-7750 Attorney–Advisor, Department of the Government Levels Affected: Treasury, Internal Revenue Service, CC:COR None 1111 Constitution Avenue NW, Agency Contact: Stephen R. Cleary, Additional Information: REG-164247-05 Washington, DC 20224 Attorney–Advisor, Department of the Phone: 202 622–3850 Treasury, Internal Revenue Service, Drafting attorney: Stephen R. Cleary Related RIN: Related to 1545–BA02, 1111 Constitution Avenue NW, (202) 622-7750 Related to 1545–BA92 Washington, DC 20224 Phone: 202 622–7750 CC:COR RIN: 1545–BF23 Related RIN: Related to 1545–BF31 Agency Contact: Stephen R. Cleary, RIN: 1545–BF30 Attorney–Advisor, Department of the 2768. ∑ AGENT OF THE GROUP Treasury, Internal Revenue Service, ISSUES UNDER SECTION 7874 1111 Constitution Avenue NW, 2769. ∑ AGENT OF THE GROUP Priority: Substantive, Nonsignificant Washington, DC 20224 ISSUES UNDER SECTION 7874 Phone: 202 622–7750 Legal Authority: 26 USC 1502; 26 USC (TEMPORARY) 7805 Priority: Substantive, Nonsignificant Related RIN: Related to 1545–BF30 CFR Citation: 26 CFR 1 Legal Authority: 26 USC 1502; 26 USC RIN: 1545–BF31 Legal Deadline: None 7805 BILLING CODE 6720—01—S

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

2770. ∑ PROCEDURES TO ENHANCE Abstract: The Office of the Comptroller consumer reporting agencies regarding THE ACCURACY AND INTEGRITY OF of the Currency, Federal Reserve Board, the accuracy and integrity of the INFORMATION FURNISHED TO Federal Deposit Insurance Corporation, consumer information that they furnish CONSUMER REPORTING AGENCIES Office of Thrift Supervision, National to those agencies; and (2) prescribe UNDER SECTION 312 OF THE FAIR Credit Union Administration and regulations that require furnishers to AND ACCURATE CREDIT Federal Trade Commission are seeking establish reasonable policies and TRANSACTIONS ACT to gather information for developing procedures for implementing the guidelines and regulations required by guidelines. Section 312 also requires Priority: Substantive, Nonsignificant section 312 of the Fair and Accurate the agencies jointly to prescribe Legal Authority: Not Yet Determined Credit Transactions Act (FACT Act). regulations that identify the Pursuant to section 312, the agencies circumstances under which a furnisher CFR Citation: 12 CFR 571 must (1) Establish guidelines for use by shall be required to reinvestigate a Legal Deadline: None persons that furnish information to dispute concerning the accuracy of

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TREAS—OTS Prerule Stage

information contained in a consumer Government Levels Affected: None Richard Bennett, Counsel, Regulations report on a consumer based on a direct and Legislation Division, Department of request of the consumer. Agency Contact: Glenn S. Gimble, the Treasury, Office of Thrift Senior Project Manager, Thrift Policy, Timetable: Supervision, 1700 G Street NW., Department of the Treasury, Office of Washington, DC 20552 Action Date FR Cite Thrift Supervision, 1700 G Street NW., Phone: 202 906–7409 ANPRM 04/00/06 Washington, DC 20552 Regulatory Flexibility Analysis Phone: 202 906–7158 RIN: 1550–AC01 Required: No

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

2771. RISK–BASED CAPITAL quantitative impact study to help Phone: 202 906–6669 GUIDELINES; IMPLEMENTATION OF determine the potential impact of Related RIN: Related to 1550–AB11 NEW BASEL CAPITAL ACCORD implementing the capital framework set Priority: Economically Significant. forth in the ‘‘International Convergence RIN: 1550–AB56 Major status under 5 USC 801 is of Capital Measurement and Capital undetermined. Standards: A Revised Framework,’’ 2772. SECURITIES–RELATED which updates and makes some Unfunded Mandates: Undetermined ACTIVITIES OF SAVINGS significant revisions to the preliminary ASSOCIATIONS Legal Authority: 12 USC 1462; 12 USC New Basel Capital Accord document 1462a; 12 USC 1463; 12 USC 1464; 12 from 2003, upon which the above Priority: Substantive, Nonsignificant USC 1467a; 12 USC 1828 (note) ANPRM was based. Legal Authority: 12 USC 375b; 12 USC CFR Citation: 12 CFR 567 After review of the results of the 1462; 12 USC 1462a; 12 USC 1463; 12 Legal Deadline: None quantitative impact study and after USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12 Abstract: In 2003, the Office of the further review and full consideration of USC 1828; 12 USC 1831o; 12 USC Comptroller of the Currency, the Board public comments received on the 3806; 42 USC 4106; 44 USC 3501 et of Governors of the Federal Reserve ANPRM, the Federal Banking Agencies seq System, the Federal Deposit Insurance plan to publish a notice of proposed Corporation, and the Office of Thrift rulemaking for implementation of this CFR Citation: 12 CFR 506; 12 CFR 545; Supervision (collectively, the ‘‘Federal capital framework. 12 CFR 559; 12 CFR 563 Banking Agencies’’) sought industry Timetable: Legal Deadline: None comment on a proposed framework for implementing the New Basel Capital Action Date FR Cite Abstract: OTS is proposing to reduce Accord in the United States. The ANPRM 08/04/03 68 FR 45900 regulatory burden by updating and advance notice of proposed rulemaking ANPRM Comment 11/03/03 revising its rules on securities-related (ANPRM) described significant Period End activities of savings associations. First, elements of the Advanced Internal NPRM 04/00/06 the proposed rule describes the existing authority of Federal savings Ratings-Based approach for credit risk Regulatory Flexibility Analysis and the Advanced Measurement associations to engage in various Required: No Approaches for operational risk securities broker, dealer, and (together, the advanced approaches). Government Levels Affected: None underwriting activities under the Home The ANPRM specified criteria that Owners’ Loan Act (HOLA). This Agency Contact: Michael D. Solomon, would be used to determine banking description should reduce compliance Director, Capital Policy, Department of organizations that would be required to burdens by making OTS positions the Treasury, Office of Thrift use the advanced approaches, subject regarding the permissibility of these Supervision, 1700 G Street NW., to meeting certain qualifying criteria, activities readily available to all. Washington, DC 20552 supervisory standards, and disclosure Phone: 202 906–5654 OTS is also updating the existing requirements. Other banking prohibition on the sale of debt and organizations that would meet the Karen Osterloh, Special Counsel, equity securities issued by a savings criteria, standards, and requirements Regulations and Legislation Division, association or its affiliate at the offices also would be eligible to use the Department of the Treasury, Office of of a savings association. This change advanced approaches. Under the Thrift Supervision, 1700 G Street NW., will reduce burden on savings advanced approaches, banking Washington, DC 20552 associations by adding new exceptions organizations would use internal Phone: 202 906–6639 and by eliminating consumer protection estimates of certain risk components as rules that overlap, and in some cases key inputs in the determination of their David Riley, Senior Analyst, Capital conflict, with other Agency guidance. regulatory capital requirements. Policy, Department of the Treasury, Finally, the proposed rule would In the fourth quarter of 2004, the Office of Thrift Supervision, 1700 G eliminate various obsolete OTS Federal Banking Agencies began a Street NW., Washington, DC 20552 securities activity regulations.

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TREAS—OTS Proposed Rule Stage

Timetable: a short time later receives a request for banking organizations that will not be Action Date FR Cite an additional or replacement card. subject to these advanced approaches. Section 315 requires the agencies to After a review of public comments on NPRM 06/00/06 issue regulations regarding reasonable the ANPRM, the agencies plan to Regulatory Flexibility Analysis policies and procedures that a user of publish an NPRM implementing Required: No a consumer report should employ when domestic capital modifications. the user receives a notice of address Small Entities Affected: Businesses Timetable: discrepancy from a consumer reporting Government Levels Affected: agency. Action Date FR Cite Undetermined Timetable: ANPRM 10/20/05 70 FR 61068 Federalism: Undetermined ANPRM Comment 01/18/06 Action Date FR Cite Period End Agency Contact: Judi McCormick, NPRM 04/00/06 NPRM 05/00/06 Director, Consumer Protection and Specialized Programs, Department of Regulatory Flexibility Analysis Regulatory Flexibility Analysis the Treasury, Office of Thrift Required: Undetermined Required: Undetermined Supervision, 1700 G Street NW., Small Entities Affected: Businesses Government Levels Affected: Washington, DC 20552 Government Levels Affected: None Undetermined Phone: 202 906–5636 Federalism: Undetermined Federalism: Undetermined Karen Osterloh, Special Counsel, Agency Contact: Richard Bennett, Agency Contact: Michael D. Solomon, Regulations and Legislation Division, Counsel, Regulations and Legislation Director, Capital Policy, Department of Department of the Treasury, Office of Division, Department of the Treasury, the Treasury, Office of Thrift Thrift Supervision, 1700 G Street NW., Office of Thrift Supervision, 1700 G Supervision, 1700 G Street NW., Washington, DC 20552 Street NW., Washington, DC 20552 Washington, DC 20552 Phone: 202 906–6639 Phone: 202 906–7409 Phone: 202 906–5654

John P. Harootunian, Senior Attorney, Glenn S. Gimble, Senior Project Teresa Scott, Counsel (Banking and Business Transactions Division, Manager, Thrift Policy, Department of Finance), Department of the Treasury, Department of the Treasury, Office of the Treasury, Office of Thrift Office of Thrift Supervision, 1700 G Thrift Supervision, 1700 G Street NW., Supervision, 1700 G Street NW., Street NW., Washington, DC 20552 Washington, DC 20552 Washington, DC 20552 Phone: 202 906–6478 Phone: 202 906–6415 Phone: 202 906–7158 RIN: 1550–AB92 Karen Osterloh, Special Counsel, RIN: 1550–AB94 Regulations and Legislation Division, Department of the Treasury, Office of 2773. IDENTITY THEFT DETECTION, 2774. RISK–BASED CAPITAL Thrift Supervision, 1700 G Street NW., PREVENTION, AND MITIGATION GUIDELINES; CAPITAL ADEQUACY Washington, DC 20552 PROGRAM FOR FINANCIAL GUIDELINES; MAINTENANCE: Phone: 202 906–6639 INSTITUTIONS AND CREDITORS DOMESTIC CAPITAL MODIFICATIONS RIN: 1550–AB98 Priority: Substantive, Nonsignificant Priority: Other Significant. Major status Legal Authority: 15 USC 1681m; 15 under 5 USC 801 is undetermined. 2775. ∑ FEDERAL SAVINGS USC 1681c; 15 USC 1681s Legal Authority: 12 USC 1462; 12 USC ASSOCIATION BYLAWS; INTEGRITY CFR Citation: 12 CFR 571 1462a; 12 USC 1463; 12 USC 1464; 12 OF DIRECTORS USC 1467a; 12 USC 1828 note Legal Deadline: None Priority: Substantive, Nonsignificant. CFR Citation: 12 CFR 567 Major status under 5 USC 801 is Abstract: The banking agencies, NCUA, undetermined. and FTC also plan to issue a proposed Legal Deadline: None rule implementing sections 114 and Abstract: The Office of the Comptroller Legal Authority: 12 USC 1462; 12 USC 315 of the FACT Act. Section 114 of the Currency, Board of Governors of 1462a; 12 USC 1463; 12 USC 1464; 12 requires the agencies to develop the Federal Reserve System, Federal USC 1467a; 12 USC 2901 et seq guidelines for use in identifying Deposit Insurance Corporation, and CFR Citation: 12 CFR 544; 12 CFR 552 patterns, practices, and specific forms Office of Thrift Supervision are of activity that indicate the possible considering various revisions to the Legal Deadline: None existence of identity theft. The agencies risk-based capital framework. In Abstract: OTS is proposing to change are also required to issue regulations October 2005, the agencies published its regulations concerning corporate requiring each financial institution and an ANPRM suggesting various governance to include a preapproved creditor to establish reasonable policies approaches designed to enhance the bylaw that federally chartered savings and procedures to implement such framework’s risk sensitivity and to associations and mutual holding guidelines. The regulations must minimize competitive disparities companies may adopt to preclude contain a provision requiring a card between larger banking organizations persons who, among other things, are issuer to notify the cardholder if the that will be subject to the advanced under indictment for or have been card issuer receives a notice of change approaches implemented under the convicted of certain crimes involving of address for an existing account, and new Basel Capital Framework and other dishonesty or breach of trust, or have

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TREAS—OTS Proposed Rule Stage

been subject to certain cease and desist 1700 G Street NW., Washington, DC Timetable: orders entered by any of the banking 20552 Action Date FR Cite agencies, from being members of or Phone: 202 906–6414 NPRM 05/00/06 nominating others to be on the Federal RIN: 1550–AC00 Savings Association’s or mutual Regulatory Flexibility Analysis holding company’s board of directors. Required: No 2776. ∑ RISK BASED CAPITAL— Timetable: MARKET RISK RULE Small Entities Affected: No Action Date FR Cite Priority: Substantive, Nonsignificant. Government Levels Affected: None NPRM 02/14/06 71 FR 7695 Major status under 5 USC 801 is Agency Contact: Austin C. Hong, NPRM Comment 04/17/06 undetermined. Senior Analyst, Department of the Period End Unfunded Mandates: Undetermined Treasury, Office of Thrift Supervision, Regulatory Flexibility Analysis Legal Authority: 12 USC 1462; 12 USC 1700 G Street NW., Washington, DC 20552 Required: No 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828 note Phone: 202 906–6389 Small Entities Affected: No CFR Citation: 12 CFR 567 Christine Smith, Project Manager for Government Levels Affected: None Legal Deadline: None Supervision Policy, Department of the Agency Contact: Aaron Kahn, Abstract: The OTS is proposing a Treasury, Office of Thrift Supervision, Assistant Chief Counsel, Business market risk capital rule that would 1700 G Street NW., Washington, DC Transactions Division, Department of require certain savings associations to 20552 the Treasury, Office of Thrift adjust their risk-based capital ratios to Phone: 202 906–5740 Supervision, 1700 G Street NW., explicitly reflect market risk. The Karen Osterloh, Special Counsel, Washington, DC 20552 proposed rule would be substantively Regulations and Legislation Division, Phone: 202 906–6263 identical to the rules adopted by the other banking agencies (OCC, FRB, and Department of the Treasury, Office of Don Dwyer, Director, Applications, FDIC), including rules reflecting the Thrift Supervision, 1700 G Street NW., Examinations and Supervision – agencies’ views on the U.S. Washington, DC 20552 Operations, Department of the implementing trading book Phone: 202 906–6639 Treasury, Office of Thrift Supervision, improvements in international accords. RIN: 1550–AC02

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

2777. FAIR CREDIT REPORTING effective not later than September 4, Action Date FR Cite AFFILIATE MARKETING 2004. REGULATIONS NPRM Comment 08/16/04 Abstract: OCC, the Board, FDIC, OTS, Period End Priority: Other Significant and NCUA (Agencies) published for Final Rule 04/00/06 Legal Authority: 12 USC 1462a; 12 comment proposed regulations to Regulatory Flexibility Analysis USC 1463; 12 USC 1464; 12 USC implement the affiliate marketing Required: 1467a; 12 USC 1828; 12 USC 1831p–1; provisions in section 214 of the Fair No 12 USC 1881 to 1884; 15 USC 1681b; and Accurate Credit Transactions Act Government Levels Affected: None 15 USC 1681s; 15 USC 1681w; 15 USC of 2003, which amends the Fair Credit 6801; 15 USC 6805(b)(1); PL 108–159, Reporting Act. The proposed Agency Contact: Glenn S. Gimble, sec 214, 117 Stat 1952 regulations generally prohibit a person Senior Project Manager, Thrift Policy, CFR Citation: 12 CFR 571 from using information received from Department of the Treasury, Office of an affiliate to make a solicitation for Thrift Supervision, 1700 G Street NW., Legal Deadline: Final, Statutory, marketing purposes to a consumer, Washington, DC 20552 September 4, 2004. unless the consumer is given notice Phone: 202 906–7158 Section 214 of the FACT Act adds a and an opportunity and simple method new section 624 to the FCRA. This new to opt out of the making of such Richard Bennett, Counsel, Regulations provision gives consumers the right to solicitations. and Legislation Division, Department of restrict a person from using certain the Treasury, Office of Thrift information about a consumer obtained The comment period closed in August Supervision, 1700 G Street NW., from an affiliate to make solicitations 2004 and the final rule is being Washington, DC 20552 to that consumer. That section also developed by the various agencies. requires the Agencies, in consultation Phone: 202 906–7409 and coordination with each other, to Timetable: Related RIN: Related to 1550–AB33 issue regulations in final form Action Date FR Cite implementing section 214 not later than RIN: 1550–AB90 9 months after the date of enactment— NPRM 07/15/04 69 FR 42502

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TREAS—OTS Final Rule Stage

2778. ∑ SUPPLEMENTAL STANDARDS Abstract: The Department of the Regulatory Flexibility Analysis OF ETHICAL CONDUCT FOR Treasury (Department) is amending the Required: No EMPLOYEES OF THE DEPARTMENT Supplemental Standards of Ethical Small Entities Affected: No OF TREASURY Conduct for Employees of the Government Levels Affected: None Priority: Substantive, Nonsignificant Department. The final rule revises the circumstances under which covered Agency Contact: Peter Coniglio, Senior Legal Authority: 5 USC 301; 5 USC Office of Thrift Supervision (OTS) Ethics Counsel, Department of the 7301; 5 USC 7353; 5 USC App. (Ethics employees may obtain credit cards and Treasury, 15th & Pennsylvania Avenue in Government Act of 1978); 18 USC NW, Washington, DC 20220 212; 18 USC 213; 26 USC 7214(b); EO loans secured by a principal residence Phone: 202 622–3824 12674, 54 FR 15159, 3 CFR, 1989 from OTS-regulated savings associations or their subsidiaries. This Comp., p. 215, as modified by EO Elizabeth Moore, Special Counsel, 12731, 55 FR 42547, 3 CFR, 1990 amendment also modifies rules on disqualifications. Litigation Division, Department of the Comp., p. 306; 5 CFR 2635.105; 5 CFR Treasury, Office of Thrift Supervision, 2635.203(a); 5 CFR 2635.403(a); 5 CFR Timetable: 1700 G Street, NW., Washington, DC 2635.803; 5 CFR 2635.807(a)(2)(ii) 20552 Action Date FR Cite CFR Citation: 5 CFR Part 3101 Phone: 202 906–7039 Legal Deadline: None Final Rule 04/00/06 RIN: 1550–AC03

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

2779. COMMUNITY REINVESTMENT Action Date FR Cite Regulatory Flexibility Analysis ACT Required: No NPRM Comment 04/06/04 Priority: Substantive, Nonsignificant Period End Government Levels Affected: None CFR Citation: 12 CFR 563e Final Rule 08/18/04 69 FR 51155 Agency Contact: Timetable: Final Rule Effective 10/01/04 Celeste Anderson Second NPRM 11/24/04 69 FR 68257 Phone: 202 906–7990 Action Date FR Cite Second NPRM 01/24/05 Joint ANPRM 07/19/01 66 FR 37602 Comment Period Richard Bennett Joint ANPRM 10/17/01 End Phone: 202 906–7409 Comment Period Final Rule 03/02/05 70 FR 10023 End Final Rule Effective 04/01/05 RIN: 1550–AB48 NPRM 02/06/04 69 FR 5729 Next Action Undetermined

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

2780. FAIR CREDIT REPORTING Glenn S. Gimble Phone: 202 906–7488 MEDICAL INFORMATION Phone: 202 906–7158 REGULATIONS RIN: 1550–AB88 Aaron Kahn Priority: Substantive, Nonsignificant Phone: 202 906–6263 RIN: 1550–AB96 CFR Citation: 12 CFR 571 2781. SPECIAL RULES FOR Completed: ADJUDICATORY PROCEEDINGS FOR CERTAIN HOLDING COMPANIES 2782. ONE–YEAR Reason Date FR Cite Priority: Substantive, Nonsignificant POST–EMPLOYMENT RESTRICTIONS Interim Final Rule 06/10/05 70 FR 33958 FOR SENIOR EXAMINERS Interim Final Rule 07/11/05 CFR Citation: 12 CFR 509 Priority: Substantive, Nonsignificant Comment Period Completed: End CFR Citation: 12 CFR 507; 12 CFR 509 Interim Final Rule 03/07/06 Reason Date FR Cite Completed: Effective Interim Final Rule 04/01/05 Regulatory Flexibility Analysis Effective Reason Date FR Cite Required: No Regulatory Flexibility Analysis Final Action 11/17/05 70 FR 69634 Small Entities Affected: Businesses Required: No Final Action Effective 12/17/05 Government Levels Affected: None Small Entities Affected: No Regulatory Flexibility Analysis Required: Agency Contact: Richard Bennett Government Levels Affected: None No Phone: 202 906–7409 Agency Contact: Donna Deale Small Entities Affected: No

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TREAS—OTS Completed Actions

Government Levels Affected: None Elizabeth Moore Phone: 202 906–6265 Phone: 202 906–7039 Agency Contact: Karen Osterloh RIN: 1550–AB99 [FR Doc. 06–3048 Filed 04–21–06; 8:45 am] Phone: 202 906–6639 Lori J. Quigley BILLING CODE 6720–01–S

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