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Monday,

December 13, 2004

Part XVI

Department of the
Treasury
Semiannual Regulatory Agenda

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73610 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

DEPARTMENT OF THE TREASURY (TREAS)

DEPARTMENT OF THE TREASURY the Treasury to DHS, where it is now of the Treasury. Because of limitations
known as the Bureau of Customs and in the computer software used to
31 CFR Subtitle A, Chs. I and II Border Protection. Notwithstanding the prepare the agenda, the agency
transfer of the Customs Service to DHS, information under the heading ‘‘For
Semiannual Agenda and Fiscal Year the Act provides that the Secretary of Further Information Contact’’ for these
2005 Regulatory Plan the Treasury retains sole legal authority regulations incorrectly indicates the
AGENCY: Department of the Treasury. over the customs revenue functions, and Bureau of Customs and Border
authorizes the Secretary to delegate any Protection contact person is an
ACTION:Semiannual regulatory agenda of this retained authority to the employee of the Department of the
and annual regulatory plan. Secretary of Homeland Security. By Treasury rather than the Department of
Treasury Department Order No. 100-16, Homeland Security.
SUMMARY: This notice is given pursuant the Secretary of the Treasury delegated
to the Secretary of Homeland Security The semiannual agenda of the
to the requirements of the Regulatory Department of the Treasury conforms to
Flexibility Act (Pub. L. 96-354, authority to prescribe regulations
pertaining to the customs revenue the Unified Agenda format developed
September 19, 1980) and Executive by the Regulatory Information Service
Order (E.O.) 12866 (‘‘Regulatory functions. This Order further provided
that the Secretary of the Treasury Center (RISC).
Planning and Review,’’ September 30,
1993), which require the publication by retained the sole authority to approve For this edition of Treasury’s
the Department of a semiannual agenda any such regulations concerning import regulatory agenda, one regulation of the
of regulations. E.O. 12866 also requires quotas or trade bans; user fees; marking Office of the Comptroller of the
the publication by the Department of a and labeling; copyright and trademark Currency is included in The Regulatory
regulatory plan for fiscal year 2005. enforcement; and the completion of Plan, which appears in part II of this
entry or substance of entry summary, issue of the Federal Register. This entry
FOR FURTHER INFORMATION CONTACT: The including duty assessment and is listed in the table of contents below
Agency Contact identified in the item collection, classification, valuation, and is denoted by a bracketed bold
relating to that regulation. application of the U.S. Harmonized reference, which directs the reader to
SUPPLEMENTARY INFORMATION: On Schedules, eligibility or requirements the appropriate sequence number in
November 25, 2002, the President for preferential trade programs, and the part II.
signed the Homeland Security Act of establishment of recordkeeping
2002 (the Act), establishing the requirements. Accordingly, these Dated: October 28, 2004.
Department of Homeland Security regulations are now listed in the Richard S. Carro,
(DHS). The Act transferred the U.S. semiannual regulatory agenda of the Senior Advisor to the General Counsel for
Customs Service from the Department of Departmental Offices of the Department Regulatory Affairs.

Departmental Offices—Proposed Rule Stage


Regulation
Sequence Title Identifier
Number Number

2382 Amendments to the Government Securities Act Regulations: Exemption for Holdings Subject to Fiduciary Stand-
ards .............................................................................................................................................................................. 1505–AB06
2383 Terrorism Risk Insurance Program; Additional Claims Issues ..................................................................................... 1505–AB09
2384 Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for Insured Losses ............... 1505–AB10
2385 19 CFR 111 Remote Location Filing ............................................................................................................................ 1505–AB20
2386 Uniform Rules of Origin ................................................................................................................................................. 1505–AB49
2387 Recordation of Copyrights and Enforcement Procedures To Prevent Importation of Piratical Articles ....................... 1505–AB51
2388 Revision of Outbound Redelivery Procedures and Liabilities ....................................................................................... 1505–AB52
2389 19 CFR 101 Centralization of the Continuous Bond Program at the CBP National Finance Center .......................... 1505–AB54

Departmental Offices—Final Rule Stage


Regulation
Sequence Title Identifier
Number Number

2390 31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations: Publication of Economic
Sanctions Enforcement Guidelines ............................................................................................................................. 1505–AA95
2391 Country-of-Origin Marking ............................................................................................................................................. 1505–AB21
2392 Expanded Methods of Payment of Duties, Taxes, Interest, and Fees ......................................................................... 1505–AB22
2393 19 CFR 4 User and Navigation Fees; Other Reimbursable Charges .......................................................................... 1505–AB24
2394 19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences ......................................... 1505–AB26
2395 Expanded Weekly Entry Procedure for Foreign Trade Zones ...................................................................................... 1505–AB27
2396 19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin Initiative ............................ 1505–AB28

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TREAS

Departmental Offices—Final Rule Stage (Continued)


Regulation
Sequence Title Identifier
Number Number

2397 19 CFR 24 Reimbursable Customs Inspectional Services—Increase in Hourly Rate Charge .................................... 1505–AB29
2398 19 CFR 12 Dog and Cat Protection Act ....................................................................................................................... 1505–AB31
2399 19 CFR 10 Prototypes Used Solely For Product Development, Testing, Evaluation, or Quality Control Purposes ... 1505–AB32
2400 19 CFR 10 Preferential Treatment of Brassieres Under the United States-Caribbean Basin Trade Partnership Act 1505–AB33
2401 19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple Conveyances ............... 1505–AB34
2402 19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act ............................................. 1505–AB37
2403 Trade Benefits Under the African Growth and Opportunity Act ................................................................................... 1505–AB38
2404 19 CFR 24 Fees for Customs Processing at Express Courier Facilities ..................................................................... 1505–AB39
2405 Trade Benefits Under the Caribbean Basin Economic Recovery Act .......................................................................... 1505–AB40
2406 Tariff Treatment Related to Disassembly Operations Under the North American Free Trade Agreement (NAFTA) .. 1505–AB41
2407 Merchandise Processing Fees Eligible to be Claimed as Certain Types of Drawback Based on Substitution of Fin-
ished Petroleum Derivatives ........................................................................................................................................ 1505–AB44
2408 19 CFR 10 United States—Chile Free Trade Agreement ............................................................................................ 1505–AB47
2409 19 CFR 10 United States—Singapore Free Trade Agreement .................................................................................... 1505–AB48

Departmental Offices—Long-Term Actions


Regulation
Sequence Title Identifier
Number Number

2410 31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions Through Payment Service Pro-
viders ........................................................................................................................................................................... 1505–AA74
2411 Financial Activities of Financial Subsidiaries ................................................................................................................ 1505–AA80
2412 Financial Subsidiaries ................................................................................................................................................... 1505–AA81
2413 12 CFR 1501.2 Secretary’s Determination of Real Estate Brokerage ......................................................................... 1505–AA84
2414 12 CFR 1501.2 Secretary’s Determination of Other Activities Financial in Nature ...................................................... 1505–AA85
2415 19 CFR 4 Harbor Maintenance Fee .............................................................................................................................. 1505–AB11
2416 Donated Cargo Exemption From Harbor Maintenance Fee ......................................................................................... 1505–AB12
2417 19 CFR 142 Reconciliation ........................................................................................................................................... 1505–AB16
2418 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

2419 12 CFR 1806 Bank Enterprise Award (BEA) Program ................................................................................................. 1505–AA91
2420 12 CFR 1805 Community Development Financial Institutions (CDFI) Program .......................................................... 1505–AA92
2421 17 CFR 403.4 Amendments to the Government Securities Act Regulations: Customer Protection-Reserves and
Custody of Securities ................................................................................................................................................... 1505–AA94
2422 31 CFR 1.8 to 1.12 Disclosure of Records in Litigation ............................................................................................... 1505–AA97
2423 Terrorism Risk Insurance Program; Initial Claims Procedure Requirements ............................................................... 1505–AB07
2424 Terrorism Risk Insurance Program; Litigation Management ........................................................................................ 1505–AB08
2425 Textiles and Textile Products Subject to Textile Trade Agreements ............................................................................ 1505–AB13
2426 Liquidation; Extension; Suspension .............................................................................................................................. 1505–AB14
2427 19 CFR 12 Detention, Seizure, and Forfeiture of ‘‘Bootleg’’ Sound Recording and Music Videos of Live Musical
Performances ............................................................................................................................................................... 1505–AB15
2428 19 CFR 12 Entry of Softwood Lumber Shipments From Canada ................................................................................ 1505–AB18
2429 Entry of Softwood Lumber Shipments From Canada ................................................................................................... 1505–AB23

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73612 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS

Financial Crimes Enforcement Network—Prerule Stage


Regulation
Sequence Title Identifier
Number Number

2430 Customer Identification Programs for Pawn Brokers .................................................................................................... 1506–AA39

Financial Crimes Enforcement Network—Proposed Rule Stage


Regulation
Sequence Title Identifier
Number Number

2431 31 CFR 103 Amendment to the Bank Secrecy Act Regulations—Delegation of Authority To Assess Civil Money
Penalties on Depository Institutions ............................................................................................................................ 1506–AA08
2432 Customer Identification Programs for Travel Agents .................................................................................................... 1506–AA38
2433 Customer Identification Programs for Loan and Finance Companies .......................................................................... 1506–AA40
2434 Customer Identification Programs for Sellers of Vehicles ............................................................................................ 1506–AA41
2435 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Travel
Agencies ...................................................................................................................................................................... 1506–AA69
2436 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Loan
and Finance Companies .............................................................................................................................................. 1506–AA73
2437 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
2438 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

Financial Crimes Enforcement Network—Final Rule Stage


Regulation
Sequence Title Identifier
Number Number

2439 31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-Border Transpor-
tation of Certain Monetary Instruments ....................................................................................................................... 1506–AA15
2440 31 CFR 103 Amendment to the Bank Secrecy Act Regulations—Exemptions From the Requirement To Report
Transactions in Currency ............................................................................................................................................. 1506–AA23
2441 31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations—Requirement that Nonfinancial Trades or
Businesses Report Certain Currency Transactions .................................................................................................... 1506–AA25
2442 31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and Private Banking Ac-
counts .......................................................................................................................................................................... 1506–AA29
2443 31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and Credit Unions ................. 1506–AA31
2444 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
2445 31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations—Requirement That Mutual Funds Report Sus-
picious Transactions .................................................................................................................................................... 1506–AA37
2446 31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru ........................................................ 1506–AA43
2447 Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations—Nomenclature Changes ......... 1506–AA61
2448 Imposition of Special Measures Against the Commercial Bank of Syria as a Financial Institution of Primary Money
Laundering Concern .................................................................................................................................................... 1506–AA64
2449 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
2450 Imposition of Special Measure against Infobank as a Financial Institution of Primary Money Laundering Concern .. 1506–AA67
2451 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Mutual
Funds ........................................................................................................................................................................... 1506–AA68
2452 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Insur-
ance Companies .......................................................................................................................................................... 1506–AA70
2453 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Invest-
ment Advisors .............................................................................................................................................................. 1506–AA71
2454 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Finan-
cial Institutions ............................................................................................................................................................. 1506–AA72
2455 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Money
Services Businesses .................................................................................................................................................... 1506–AA74

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TREAS

Financial Crimes Enforcement Network—Final Rule Stage (Continued)


Regulation
Sequence Title Identifier
Number Number

2456 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Com-
modity Trading Advisors .............................................................................................................................................. 1506–AA75
2457 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
2458 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Anti-Money Laundering Programs for Unreg-
istered Investment Companies .................................................................................................................................... 1506–AA77
2459 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

Financial Crimes Enforcement Network—Long-Term Actions


Regulation
Sequence Title Identifier
Number Number

2460 31 CFR 103 Amendments to the Bank Secrecy Act Regulations—Special Reporting and Recordkeeping Require-
ments—Money Services Businesses (MSBs) ............................................................................................................. 1506–AA19

Financial Management Service—Proposed Rule Stage


Regulation
Sequence Title Identifier
Number Number

2461 31 CFR 245 Claims on Account of Treasury Checks ................................................................................................... 1510–AA51

Financial Management Service—Final Rule Stage


Regulation
Sequence Title Identifier
Number Number

2462 31 CFR 256 Payments Under Judgment and Private Relief Acts ................................................................................ 1510–AA52
2463 31 CFR 285.5 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit Payments) To Collect
Past-Due, Legally Enforceable Nontax Debt ............................................................................................................... 1510–AA65
2464 31 CFR 285.7 Salary Offset .......................................................................................................................................... 1510–AA70
2465 31 CFR 285.8 Offset of Tax Refund Payment To Collect State Income Tax Obligations ........................................... 1510–AA78
2466 31 CFR 901.9 Federal Claims Collection Standard—Collection by Installments ......................................................... 1510–AA91
2467 Indorsement and Payment of Checks Drawn on the U.S. Treasury ............................................................................ 1510–AA99
2468 Federal Government Participation in the ACH .............................................................................................................. 1510–AB00
2469 Payment of Federal Taxes and the Treasury Tax and Loan Program ......................................................................... 1510–AB01

Financial Management Service—Long-Term Actions


Regulation
Sequence Title Identifier
Number Number

2470 31 CFR 285.6 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit Payments) To Collect
Past-Due Debts Owed to States (Other Than Child Support) .................................................................................... 1510–AA66
2471 31 CFR 285.14 Public Dissemination of Identity of Delinquent Debtors ...................................................................... 1510–AA72
2472 31 CFR 223 Surety Bond Reimbursement Fund .......................................................................................................... 1510–AA85

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73614 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS

Financial Management Service—Completed Actions


Regulation
Sequence Title Identifier
Number Number

2473 31 CFR 281 Foreign Exchange Operations ................................................................................................................. 1510–AA48


2474 31 CFR 206 Management of Federal Agency Receipts and Disbursements; Operation of the Cash Management
Improvement Fund ....................................................................................................................................................... 1510–AA86
2475 31 CFR 215 Withholding of District of Columbia, State, City, and County Income, or Employment Taxes by Fed-
eral Agencies ............................................................................................................................................................... 1510–AA90
2476 Payment of Federal Taxes and the Treasury Tax and Loan Program ......................................................................... 1510–AA96
2477 Federal Government Participation in the Automated Clearing House (ACH) .............................................................. 1510–AA97
2478 Federal Government Participation in the Automated Clearing House (ACH) .............................................................. 1510–AA98

Alcohol and Tobacco Tax and Trade Bureau—Proposed Rule Stage


Regulation
Sequence Title Identifier
Number Number

2479 27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled Spirits and Wine ................ 1513–AA07
2480 Availability of Information .............................................................................................................................................. 1513–AA98
2481 27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars .................................................................... 1513–AA16
2482 27 CFR 19, subpart W Proposed Revisions to the Distilled Spirits Plant Regulations ................................................ 1513–AA23
2483 27 CFR 44 Regulatory Changes From Customs Service Final Rule ........................................................................... 1513–AA26
2484 27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment of Tax ........................ 1513–AA27
2485 27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage Use ................................. 1513–AA37
2486 27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines ...................................................... 1513–AA42
2487 27 CFR 40 Marks, Labels, Notices and Bonds for, and Removal of, Tobacco Products, and Cigarette Papers and
Tubes ........................................................................................................................................................................... 1513–AA49
2488 27 CFR 9 Petition To Establish ‘‘Santa Maria Bench’’ as a New American Viticultural Area ...................................... 1513–AA51
2489 27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without Payment of Tax ........ 1513–AA52
2490 27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area .......................................................................... 1513–AA54
2491 27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas—Boundary Realignment/Expansion .................. 1513–AA55
2492 Petition To Establish the ‘‘Fort Ross Seaview’’ Viticultural Area .................................................................................. 1513–AA64
2493 27 CFR 9 Petition To Establish ‘‘Grand Lake O’ the Cherokees’’ as a New American Viticultural Area .................... 1513–AA66
2494 Petition No. 2 To Expand the Russian River Valley Viticultural Area .......................................................................... 1513–AA67
2495 Petition To Establish the ‘‘Shawnee Hills’’ Viticultural Area ......................................................................................... 1513–AA70
2496 Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco Viticultural Area ..................... 1513–AA72
2497 Petition To Establish ‘‘Texoma’’ as a Viticultural Area ................................................................................................. 1513–AA77
2498 Petition To Establish the ‘‘High Valley’’ Viticultural Area .............................................................................................. 1513–AA79
2499 Proposed Establishment of Alta Mesa Viticultural Area ............................................................................................... 1513–AA82
2500 Proposed Establishment of the Cosumnes River Viticultural Area ............................................................................... 1513–AA83
2501 Proposed Establishment of Deer Creek Hills Viticultural Area ..................................................................................... 1513–AA84
2502 Proposed Establishment of Mokelumne River Viticultural Area ................................................................................... 1513–AA85
2503 Proposed Establishment of Jahant Viticultural Area ..................................................................................................... 1513–AA86
2504 Proposed Establishment of Borden Ranch Viticultural Area ........................................................................................ 1513–AA87
2505 Proposed Establishment of Clements Hills Viticultural Area ........................................................................................ 1513–AA88
2506 Proposed Establishment of the Mt. Oso Viticultural Area ............................................................................................. 1513–AA89
2507 Proposed Establishment of Covelo Viticultural Area .................................................................................................... 1513–AA90
2508 Proposed Establishment of Horse Heaven Hills ........................................................................................................... 1513–AA91
2509 Petition to Establish ‘‘Calistoga’’ as an American Viticultural Area .............................................................................. 1513–AA92
2510 Ramona Valley Viticultural Area ................................................................................................................................... 1513–AA94
2511 Dos Rios Viticultural Area ............................................................................................................................................. 1513–AA95
2512 Niagara Escarpment Viticultural Area ........................................................................................................................... 1513–AA97

Alcohol and Tobacco Tax and Trade Bureau—Final Rule Stage


Regulation
Sequence Title Identifier
Number Number

2513 27 CFR 9 Petition To Establish ‘‘Alexandria Lakes’’ as a New American Viticultural Area ......................................... 1513–AA45

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TREAS

Alcohol and Tobacco Tax and Trade Bureau—Final Rule Stage (Continued)
Regulation
Sequence Title Identifier
Number Number

2514 Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the Homeland Security Act of
2002 ............................................................................................................................................................................. 1513–AA80
2515 Removal of Tobacco Products and Cigarette Papers and Tubes, Without Payment of Tax, for United States Use
in Law Enforcement Activities ..................................................................................................................................... 1513–AA99
2516 27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the Qualification of Tobacco Product
Importers and Miscellaneous Technical Amendments ................................................................................................ 1513–AA10
2517 27 CFR 7 Flavored Malt Beverages and Related Proposals ....................................................................................... 1513–AA12
2518 27 CFR 31 Liquor Dealers; Recodification of Regulations ........................................................................................... 1513–AA19
2519 27 CFR 24 Production of Dried Fruit and Honey Wines .............................................................................................. 1513–AA21
2520 27 CFR 9 Petition To Establish the ‘‘Trinity Lake’’ Viticultural Area ............................................................................. 1513–AA29
2521 27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties ................................... 1513–AA32
2522 27 CFR 9 Petition for the Establishment of ‘‘Red Hill’’ as an American Viticultural Area ............................................ 1513–AA39
2523 27 CFR 9 Petition To Establish ‘‘Eola Hills’’ as a New American Viticultural Area ..................................................... 1513–AA41
2524 27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages ............................................................ 1513–AA46
2525 27 CFR 9 Petition To Establish ‘‘Dundee Hills’’ as a New American Viticultural Area ................................................ 1513–AA50
2526 27 CFR 9 Petition To Establish ‘‘Chehalem Mountains’’ as a New American Viticultural Area .................................. 1513–AA57
2527 27 CFR 9 Petition To Establish ‘‘Ribbon Ridge’’ as a New American Viticultural Area ............................................... 1513–AA58
2528 27 CFR 9 Petition To Establish ‘‘Yamhill-Carlton District’’ as a New American Viticultural Area ................................ 1513–AA59
2529 27 CFR 7 Labeling and Advertising of Malt Beverages ............................................................................................... 1513–AA60
2530 Petition To Establish ‘‘McMinnville’’ as an American Viticultural Area in Oregon ........................................................ 1513–AA63
2531 Petition To Establish ‘‘Southern Oregon’’ as a Viticultural Area ................................................................................... 1513–AA75
2532 Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the Treatment of Wine, Juice,
and Distilling Material .................................................................................................................................................. 1513–AA96

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


Regulation
Sequence Title Identifier
Number Number

2533 27 CFR 252 Exportation of Liquors .............................................................................................................................. 1513–AA00


2534 27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188 ..................................................... 1513–AA05
2535 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
2536 27 CFR 4 Amended Standard of Identity for Sherry .................................................................................................... 1513–AA08
2537 27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and Tubes Imported or
Brought into the United States .................................................................................................................................... 1513–AA14

Alcohol and Tobacco Tax and Trade Bureau—Completed Actions


Regulation
Sequence Title Identifier
Number Number

2538 27 CFR 7 Revision of Brewery Regulations and Issuance of Regulations for Taverns on Brewery Premises
(Brewpubs) ................................................................................................................................................................... 1513–AA02
2539 27 CFR 4.32(d) Removal of Requirement To Disclose Saccharin in the Labeling of Wine, Distilled Spirits, and
Malt Beverages ............................................................................................................................................................ 1513–AA15
2540 27 CFR 275 Tobacco Products and Cigarette Papers and Tubes Shipped from Puerto Rico to the United States .. 1513–AA17
2541 27 CFR 270 Elimination of Statistical Classes for Large Cigars .................................................................................. 1513–AA18
2542 27 CFR 41 Importation of Tobacco Products and Cigarette Papers and Tubes; Recodification of Regulations ........ 1513–AA20
2543 27 CFR 9 Petition To Establish the ‘‘Santa Barbara Highlands’’ Viticultural Area ....................................................... 1513–AA24
2544 27 CFR 9 Proposed ‘‘San Bernabe’’ Viticultural Area .................................................................................................. 1513–AA28
2545 27 CFR 9 Petition To Establish ‘‘Red Hills Lake County’’ American Viticultural Area ................................................. 1513–AA33
2546 31 CFR 8 Eliminate Requirement To Enroll To Practice Before the Bureau ............................................................... 1513–AA62
2547 Petition To Establish the ‘‘Alexander Mountain’’ Viticultural Area ................................................................................ 1513–AA65
2548 Petition To Establish the ‘‘Salado Creek’’ Viticultural Area .......................................................................................... 1513–AA69
2549 Removal of Requirement To Disclose Saccharin in the Labeling of Wine, Distilled Spirits, and Malt Beverage ........ 1513–AA93

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73616 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS

Comptroller of the Currency—Proposed Rule Stage


Regulation
Sequence Title Identifier
Number Number

2550 Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer Registration .......................... 1557–AB93
2551 12 CFR 25 Community Reinvestment Act Regulation (12 CFR 25) ............................................................................ 1557–AB98
2552 12 CFR 4 Rules, Policies, and Procedures for Corporate Activities; Licensing Procedures ....................................... 1557–AC79
2553 Identity Theft Detection, Prevention, and Mitigation Program for Financial Institutions and Creditors ........................ 1557–AC87
2554 Implementation of a Revised Basel Capital Accord (Basel II) (Reg Plan Seq No. 113) ............................................. 1557–AC91
References in boldface appear in the Regulatory Plan in part II of this issue of the Federal Register.

Comptroller of the Currency—Final Rule Stage


Regulation
Sequence Title Identifier
Number Number

2555 Electronic Filing and Disclosure of Beneficial Ownership Reports ............................................................................... 1557–AC75
2556 Rules, Policies, and Procedures for Corporate Activities; Operating Subsidiary Annual Report ................................. 1557–AC81
2557 12 CFR 19.240 Rules, Policies, and Procedures for Corporate Activities; Civil Monetary Penalties Adjustment ....... 1557–AC82
2558 12 CFR 30 app B Proper Disposal of Consumer Information ...................................................................................... 1557–AC84
2559 Fair Credit Reporting Regulations; Use of Medical Information; FACT Act ................................................................. 1557–AC85
2560 Fair Credit; Affiliate Marketing Regulations ................................................................................................................... 1557–AC88
2561 Securities Borrowing Transactions ................................................................................................................................ 1557–AC90
2562 Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer
Notice ........................................................................................................................................................................... 1557–AC92

Comptroller of the Currency—Long-Term Actions


Regulation
Sequence Title Identifier
Number Number

2563 Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-Leach-Bliley Act .......... 1557–AC80
2564 Community Reinvestment Act Regulations ................................................................................................................... 1557–AC86
2565 Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency ................................................... 1557–AC89

Comptroller of the Currency—Completed Actions


Regulation
Sequence Title Identifier
Number Number

2566 Fair Credit Reporting Regulations ................................................................................................................................. 1557–AB78


2567 12 CFR 19 Maintenance of Records ............................................................................................................................ 1557–AB99
2568 12 CFR 5 Rules, Policies, and Procedures for Corporate Activities ............................................................................ 1557–AC11
2569 Risk-Based Capital; Capital Adequacy Guidelines; Capital Maintenance: Interim Capital Treatment of Consolidated
Asset-Backed Commercial Paper Program Assets ..................................................................................................... 1557–AC76
2570 Lending Limits Pilot Program ........................................................................................................................................ 1557–AC83

Internal Revenue Service—Proposed Rule Stage


Regulation
Sequence Title Identifier
Number Number

2571 Foreign Insurance Companies ...................................................................................................................................... 1545–AL82


2572 Computation of a Branch’s Taxable Income; Taxation of Exchange Gain or Loss on Branch Remittances .............. 1545–AM12
2573 Outbound Transfers of Property to Foreign Corporations ............................................................................................ 1545–AM97
2574 Foreign Insurance Company—Domestic Election ........................................................................................................ 1545–AO25
2575 Taxation of Global Trading ............................................................................................................................................ 1545–AP01
2576 Information Reporting and Record Maintenance .......................................................................................................... 1545–AP10
2577 Integrated Financial Transaction ................................................................................................................................... 1545–AR20

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73617

TREAS

Internal Revenue Service—Proposed Rule Stage (Continued)


Regulation
Sequence Title Identifier
Number Number

2578 Foreign Trusts Regulations ........................................................................................................................................... 1545–AR25


2579 Treatment of Dual Consolidated Losses ....................................................................................................................... 1545–AR26
2580 Application of Attribution Rules to Foreign Trusts ........................................................................................................ 1545–AU91
2581 Agreements for Payment of Tax Liabilities in Installments ........................................................................................... 1545–AU97
2582 Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and Related Foreign Base
Company Shipping Income ......................................................................................................................................... 1545–AX02
2583 Inspection of Written Determinations ............................................................................................................................ 1545–AX40
2584 Cash or Deferred Arrangements (Temporary) .............................................................................................................. 1545–AX43
2585 Awarding of Costs and Certain Fees ............................................................................................................................ 1545–AX46
2586 Highly Compensated Employee .................................................................................................................................... 1545–AX48
2587 Modification to Section 367(a) Stock Transfer Regulations .......................................................................................... 1545–AX77
2588 Definition of Passive Foreign Investment Company Under Section 1297 .................................................................... 1545–AX78
2589 Clarification of Foreign-Based Company Sales Income Rules ..................................................................................... 1545–AX91
2590 Guidance on Changes to the Laws for Corporate Estimated Taxes ............................................................................ 1545–AY22
2591 Withholding Tax on Foreign Partners’ Share of Effectively Connected Income .......................................................... 1545–AY28
2592 Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding Companies (FPHCs) ...... 1545–AY30
2593 Special Rules Relating to Transfers of Intangibles to Foreign Corporations ............................................................... 1545–AY41
2594 Previously Taxed Earnings and Profits Under Subpart F ............................................................................................. 1545–AY54
2595 Liabilities Assumed in Certain Corporate Transactions ................................................................................................ 1545–AY74
2596 Disclosure of Returns and Return Information in Judicial and Administrative Tax Proceedings ................................. 1545–AY89
2597 Transitional Relief for Qualified Intermediaries ............................................................................................................. 1545–AY92
2598 Transactions Involving Obligations of Consolidated Group Members .......................................................................... 1545–BA11
2599 Deductibility of Employer Contributions for Deferred Compensation ........................................................................... 1545–BA13
2600 Gasoline Tax Claims ..................................................................................................................................................... 1545–BA27
2601 Suspension of Statutes of Limitation in John Doe and Third-Party Summons Disputes, and Expansion of Tax-
payers’ Rights To Receive Notice and Seek Judicial Review of Third Party Summonses ........................................ 1545–BA31
2602 Income From Sources Within Specified Possession .................................................................................................... 1545–BA37
2603 Treatment of Certain Obligation-Shifting Transactions ................................................................................................. 1545–BA41
2604 Multifamily Housing Bonds ............................................................................................................................................ 1545–BA45
2605 Allocation and Apportionment Rules: Guidance on Selected Issues ........................................................................... 1545–BA64
2606 Provisions Regarding Cross-Border Transactions ........................................................................................................ 1545–BA65
2607 Circular 230—Phase 2 Nonshelter Revisions ............................................................................................................... 1545–BA72
2608 Allocation of New Markets Tax Credit ........................................................................................................................... 1545–BA84
2609 Guidance To Facilitate Electronic Tax Administration .................................................................................................. 1545–BA96
2610 Timely Mailing Treatment .............................................................................................................................................. 1545–BA99
2611 Communications Excise Tax; Taxable Communication Services ................................................................................. 1545–BB04
2612 Cost Sharing .................................................................................................................................................................. 1545–BB26
2613 Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporation ................................ 1545–BB28
2614 Amending the Low-Income Housing Tax Credit Program ............................................................................................ 1545–BB37
2615 Substitute Dividend Payments in Securities Lending and Similar Transactions .......................................................... 1545–BB56
2616 Loss Limitation Rules—General Utilities Repeal .......................................................................................................... 1545–BB61
2617 Safe Harbor Leasing Second Interest Capitalization .................................................................................................... 1545–BB62
2618 Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under Section 403(b) .................... 1545–BB64
2619 Liquidation of an Interest ............................................................................................................................................... 1545–BB71
2620 REMIC Residuals—Timing of Income for Foreign Holders .......................................................................................... 1545–BB84
2621 Predecessors or Successors Under Section 355(e) ..................................................................................................... 1545–BB85
2622 Dependent Care Credit ................................................................................................................................................. 1545–BB86
2623 Guidance Regarding Mark-to-Market Valuation for Certain Securities ......................................................................... 1545–BB90
2624 Partnership Equity for Services ..................................................................................................................................... 1545–BB92
2625 Determination of Single-Sum Distributions From Cash Balance Plans ........................................................................ 1545–BB93
2626 Accrual for Certain REMIC Regular Interests ............................................................................................................... 1545–BB94
2627 Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and Opportunity for Hearing
Upon Filing of Notice of Lien ....................................................................................................................................... 1545–BB96
2628 Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before Levy ........................... 1545–BB97
2629 General Allocation and Accounting Regulations ........................................................................................................... 1545–BC07
2630 Utility Allowance Regulation Update ............................................................................................................................. 1545–BC22
2631 Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving Related Parties, Pass-
Through Entities, or Other Intermediaries ................................................................................................................... 1545–BC24
2632 Guidance on PFIC Purging Elections ........................................................................................................................... 1545–BC37

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73618 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS

Internal Revenue Service—Proposed Rule Stage (Continued)


Regulation
Sequence Title Identifier
Number Number

2633 Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/or Commodities, Includ-
ing Foreign Currency Instruments ............................................................................................................................... 1545–BC48
2634 Stewardship Expenses .................................................................................................................................................. 1545–BC52
2635 Coordination of United States and Certain Possessions Income Taxes ...................................................................... 1545–BC54
2636 Guidance Under Section 2053 Regarding Post-Death Events ..................................................................................... 1545–BC56
2637 Guidance Under Section 707 Regarding Disguised Sales ........................................................................................... 1545–BC63
2638 Collection After Assessment ......................................................................................................................................... 1545–BC72
2639 Below-Market Loans ...................................................................................................................................................... 1545–BC78
2640 Information Reporting Relating to Taxable Stock Transactions ................................................................................... 1545–BC80
2641 Definition of Loss for Purposes of the Straddle Rules .................................................................................................. 1545–BC83
2642 Determination of Residency in U.S. Possessions ......................................................................................................... 1545–BC86
2643 Transactions Involving the Transfer of No Net Equity Value ........................................................................................ 1545–BC88
2644 Payments in the Nature of Workers Compensation ..................................................................................................... 1545–BC89
2645 Disclosures to Subcontractors ...................................................................................................................................... 1545–BC92
2646 Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis, Department of Commerce ... 1545–BC93
2647 Guidance Regarding the Active Trade or Business Requirement Under Section 355(b) ............................................ 1545–BC94
2648 Accumulated Adjustment Account and Other Corporate Separations Under Section 355 .......................................... 1545–BC98
2649 Attained Age of the Insured .......................................................................................................................................... 1545–BD00
2650 Support Test in the Case of a Child of Divorced Parents ............................................................................................ 1545–BD01
2651 Dual Consolidated Loss Regulations ............................................................................................................................ 1545–BD10
2652 Current Liability Interest Rate Under Section 412(b)(5) ............................................................................................... 1545–BD13
2653 Definition of Qualified Foreign Corporation ................................................................................................................... 1545–BD15
2654 Move and Update the Estimated Tax Regulations ....................................................................................................... 1545–BD17
2655 REMIC Interest-Only Regular Interests ......................................................................................................................... 1545–BD18
2656 Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind Property ...................... 1545–BD19
2657 Section 42 Qualified Contract Provisions ..................................................................................................................... 1545–BD20
2658 Payments for Which No Return of Information is Required Under Section 6041 ........................................................ 1545–BD21
2659 Interest on Large Corporate Underpayments Under Section 6621 (c) ......................................................................... 1545–BD22
2660 Guidance on Phased Retirement .................................................................................................................................. 1545–BD23
2661 Definition of Disqualified Person ................................................................................................................................... 1545–BD28
2662 Requirements for Reorganizations ................................................................................................................................ 1545–BD31
2663 Underpayment for Qualified Amended Returns ............................................................................................................ 1545–BD40
2664 Application of Sections 304(b)(6) and 367 in Cross Border Section 304 Transactions ............................................... 1545–BD46
2665 Salary Reduction Agreement Under Section 312(a)(5)(D) (Temporary) ...................................................................... 1545–BD50
2666 HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction with FMLA .............................................. 1545–BD51
2667 Update of 415 Regulations ........................................................................................................................................... 1545–BD52
2668 Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons; Applicability of Section
381 ............................................................................................................................................................................... 1545–BD54
2669 Aggregate Computation; Allocation of Research Credit II ............................................................................................ 1545–BD60
2670 Classification of Indian Tribal Corporations .................................................................................................................. 1545–BD61
2671 Mandatory e-Filing for Forms 1120 ............................................................................................................................... 1545–BD65
2672 REMIC Residuals-Foreign Holders (Temporary) .......................................................................................................... 1545–BD66
2673 Declaratory Judgment—Gift Tax Value ......................................................................................................................... 1545–BD67
2674 Use of Electronic Technologies for Providing Notices and Transmitting Elections and Consents .............................. 1545–BD68
2675 Disabled Access Credit ................................................................................................................................................. 1545–BD69
2676 Section 704(b)(2) and Substantiality ............................................................................................................................. 1545–BD70
2677 Regulations Under Section 706 Regarding Taxable Year of a Partnership ................................................................. 1545–BD71
2678 Shareholder’s Basis in Stock of an S Corporation ....................................................................................................... 1545–BD72
2679 Guidance Under Section 707(c) Regarding Guaranteed Payments ............................................................................. 1545–BD74
2680 Guidance Under Section 368 Regarding Mergers With and Into a Foreign Corporation ............................................ 1545–BD76
2681 Classification of Certain Foreign Entities ...................................................................................................................... 1545–BD77
2682 Classification of Certain Foreign Entities (Temporary) ................................................................................................. 1545–BD78
2683 Possible Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1 .............................................. 1545–BD81
2684 Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs ............................................ 1545–BD82
2685 Guidance Regarding Selected Issues Under Section 336(e) ....................................................................................... 1545–BD84
2686 Guidance Under Section 79 .......................................................................................................................................... 1545–BD85
2687 Definition of the ‘‘Due Date’’ for Purposes of Calculating Overpayment Interest Under Section 301.6611(h) ............ 1545–BD86

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73619

TREAS

Internal Revenue Service—Final Rule Stage


Regulation
Sequence Title Identifier
Number Number

2688 Foreign Corporations ..................................................................................................................................................... 1545–AK74


2689 Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign Investment in Real Property
Tax Act ......................................................................................................................................................................... 1545–AK79
2690 Registration Required Obligations ................................................................................................................................ 1545–AP33
2691 Interest-Free Adjustments ............................................................................................................................................. 1545–AQ61
2692 Definition of ‘‘Highly Compensated Employee’’ ............................................................................................................ 1545–AQ74
2693 Escrow Funds and Other Similar Funds ....................................................................................................................... 1545–AR82
2694 Mark-to-Market Upon Disposition .................................................................................................................................. 1545–AS85
2695 Straddles—-Miscellaneous Issues ................................................................................................................................ 1545–AT46
2696 Definition of Private Activity Bond—Refunding Regulations ......................................................................................... 1545–AU98
2697 Return of Levied Property in Certain Cases ................................................................................................................. 1545–AV01
2698 Electronic Transmission of Withholding Certificates ..................................................................................................... 1545–AV27
2699 Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and Commodities ....................... 1545–AW06
2700 Intercompany Obligations .............................................................................................................................................. 1545–AW30
2701 Capital Gain Guidance Relating to CRTs ..................................................................................................................... 1545–AW35
2702 Reporting of Payments to Attorney ............................................................................................................................... 1545–AW72
2703 Highway Vehicle—Definition ......................................................................................................................................... 1545–AX10
2704 Guidance on Cost Recovery in the Entertainment Industry ......................................................................................... 1545–AX12
2705 Cash or Deferred Arrangements ................................................................................................................................... 1545–AX26
2706 Stock Transfer Rules—Carryover of Earnings and Taxes ............................................................................................ 1545–AX65
2707 Allocation and Apportionment of Interest Expense and Certain Other Expenses ........................................................ 1545–AX72
2708 HIPAA Portability ........................................................................................................................................................... 1545–AX84
2709 Capitalization of Interest and Carrying Charges Properly Allocable to Straddles ........................................................ 1545–AX92
2710 Assumption of Partnership Liabilities ............................................................................................................................ 1545–AX93
2711 Authorized Placement Agency ...................................................................................................................................... 1545–AY18
2712 HIPAA General Nondiscrimination ................................................................................................................................ 1545–AY32
2713 HIPAA Nondiscrimination Exception for Church Plans ................................................................................................. 1545–AY33
2714 HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs ..................................................................... 1545–AY34
2715 Information Reporting on Cancellation of Indebtedness ............................................................................................... 1545–AY35
2716 Allocation of Income and Deductions from Intangibles ................................................................................................. 1545–AY38
2717 Guidance Under Section 355(e); Recognition of Gain on Certain Distributions of Stock or Securities in Connection
With an Acquisition ...................................................................................................................................................... 1545–AY42
2718 Election—Asset Acquisitions of Insurance Companies ................................................................................................ 1545–AY49
2719 Tax Treatment of Cafeteria Plans ................................................................................................................................. 1545–AY67
2720 Normalization ................................................................................................................................................................. 1545–AY75
2721 New Market Tax Credit ................................................................................................................................................. 1545–AY87
2722 Reductions of Accruals and Allocations Because of Increased Age ............................................................................ 1545–BA10
2723 Property Exempt from Levy .......................................................................................................................................... 1545–BA22
2724 Amendment to the Definition of Refunding ................................................................................................................... 1545–BA46
2725 Loss Limitation Rules .................................................................................................................................................... 1545–BA52
2726 Modification of Check the Box Regulations .................................................................................................................. 1545–BA59
2727 Circular 230—Tax Shelter Amendments ....................................................................................................................... 1545–BA70
2728 Carryback of Consolidated Net Operating Losses to Separate Return Years ............................................................. 1545–BA73
2729 Redemptions Treated as Dividends .............................................................................................................................. 1545–BA80
2730 Reporting Requirements for Widely Held Fixed Investment Trusts .............................................................................. 1545–BA83
2731 Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens ...................................................................... 1545–BA86
2732 Aggregate Computation and Allocation of Research Credit ......................................................................................... 1545–BA88
2733 Designated IRS Officer or Employee ............................................................................................................................ 1545–BA89
2734 Allocation of Foreign Tax Credits Among Partners ...................................................................................................... 1545–BB11
2735 Distributions of Property ................................................................................................................................................ 1545–BB12
2736 Testimony Authorizations and Requests for IRS Information ....................................................................................... 1545–BB15
2737 Toll Telephone Service—Definition ............................................................................................................................... 1545–BB18
2738 Authorization for IRS To Charge Fees For Copying Exempt Organization Returns .................................................... 1545–BB21
2739 Duplicative Tax Benefits ................................................................................................................................................ 1545–BB25
2740 Extension of Time for Filing Returns ............................................................................................................................. 1545–BB29
2741 Treatment of Services Under Section 482 .................................................................................................................... 1545–BB31
2742 Investment Adjustment Rules and Waiver of Loss Carryovers From SRLY Years—Amended .................................. 1545–BB38
2743 Limitation on Use of Nonaccrual Experience Method of Accounting ........................................................................... 1545–BB43
2744 Election Out Generation-Skipping Transfer Tax (GST) Deemed Allocations ............................................................... 1545–BB54

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73620 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS

Internal Revenue Service—Final Rule Stage (Continued)


Regulation
Sequence Title Identifier
Number Number

2745 Special Depreciation Allowance .................................................................................................................................... 1545–BB57


2746 Information Reporting Relating to Taxable Stock Transactions ................................................................................... 1545–BB60
2747 Use of Government Depositaries in Connection With Tax Under the Federal Unemployment Tax Act ..................... 1545–BB66
2748 Use of Government Depositaries in Connection With Tax Under the Federal Unemployment Tax Act (Temporary) 1545–BB67
2749 Qualified Interests ......................................................................................................................................................... 1545–BB72
2750 Collected Excise Taxes; Duties of Collector ................................................................................................................. 1545–BB75
2751 Guidance on Life Insurance and Annuity Contracts ..................................................................................................... 1545–BB77
2752 Application of Nondiscrimination Cross-Testing Rules To Cash Balance Plans .......................................................... 1545–BB79
2753 Notional Principal Contracts; Contingent Nonperiodic Payments ................................................................................. 1545–BB82
2754 New Markets Tax Credit Amendments ......................................................................................................................... 1545–BC03
2755 Tax Exempt Bond Partnership Reporting Regulation ................................................................................................... 1545–BC04
2756 Determination of Basis of Securities Received in Exchange or With Respect to a Stock or Securities in Certain
Transactions ................................................................................................................................................................ 1545–BC05
2757 Entry of Taxable Fuel .................................................................................................................................................... 1545–BC08
2758 Notarization Requirement for Statements of Purchase ................................................................................................ 1545–BC11
2759 Timing and Modification of the Section 59(e) Election ................................................................................................. 1545–BC13
2760 Guidance Necessary To Facilitate Business Electronic Filing ...................................................................................... 1545–BC15
2761 Contingent at Closing Escrows ..................................................................................................................................... 1545–BC16
2762 Changes in Computing Depreciation ............................................................................................................................ 1545–BC18
2763 Value of Life Insurance When Distributed From a Qualified Retirement Plan ............................................................. 1545–BC20
2764 Special Consolidated Return Rules for Interest Expense Disallowed Under Section 265(a)(2) .................................. 1545–BC23
2765 Section 411(d)(6) Protected Benefits ............................................................................................................................ 1545–BC26
2766 Single Determination of Tax for Multiple Pools of Assets of an S Corporation ........................................................... 1545–BC29
2767 Deemed Corporate Election for Electing S Corporations ............................................................................................. 1545–BC32
2768 Prohibited Allocation of Securities in an S Corporation ................................................................................................ 1545–BC34
2769 Elimination of Forms of Distribution in Defined Contribution Plans .............................................................................. 1545–BC35
2770 Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated Group ............................ 1545–BC38
2771 Substitute for Return (SFR) and Automated Substitute for Return (ASFR) (Temporary) ............................................ 1545–BC46
2772 Guidance on PFIC Purging Elections ........................................................................................................................... 1545–BC49
2773 Qualified Severance Regulations .................................................................................................................................. 1545–BC50
2774 Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash a Designated or Related
Summons ..................................................................................................................................................................... 1545–BC55
2775 Guarantee Fees Under Section 143(g) ......................................................................................................................... 1545–BC59
2776 Predeceased Parent Rule ............................................................................................................................................. 1545–BC60
2777 Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions ...................................................... 1545–BC61
2778 Section 1045 Application to Partnerships ..................................................................................................................... 1545–BC67
2779 Section 179 Elections .................................................................................................................................................... 1545–BC69
2780 Real Estate Mortgage Investment Conduit (REMIC) Tetra Rules ................................................................................ 1545–BC71
2781 Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated Group ............................ 1545–BC74
2782 Student FICA Guidance ................................................................................................................................................ 1545–BC81
2783 Exclusion of Employees of 501(c)(3) Organization in 401(k) and 401(m) Plans ......................................................... 1545–BC87
2784 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
2785 Solid Waste Disposal Facilities ..................................................................................................................................... 1545–BD04
2786 Treatment of Foreign Stapled Corporation (Temporary) .............................................................................................. 1545–BD06
2787 Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules .................................................................... 1545–BD07
2788 Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue Code (Temporary) .......... 1545–BD09
2789 Current Liability Interest Rate Under Section 412(b)(5) (Temporary) .......................................................................... 1545–BD14
2790 Time and Manner of Making Section 163 (d)(4)(B) Election To Treat Qualified Dividend Income as Investment In-
come ............................................................................................................................................................................ 1545–BD16
2791 Coordination of United States and Certain Possessions Income Taxes (Temporary) ................................................. 1545–BD32
2792 Guidance on PFIC Purging Elections (Temporary) ...................................................................................................... 1545–BD33
2793 LIFO Recapture Under Section 1363(d) ....................................................................................................................... 1545–BD34
2794 Clarification of Definitions .............................................................................................................................................. 1545–BD37
2795 Underpayment for Qualified Amended Returns (Temporary) ....................................................................................... 1545–BD42
2796 Allocation and Apportionment of Deductions for Charitable Contributions (Temporary) .............................................. 1545–BD47
2797 Treatment of Disregarded Entities Under Section 752 ................................................................................................. 1545–BD48
2798 Section 951 Pro Rata Rules ......................................................................................................................................... 1545–BD49
2799 Continuity of Interest/Stock Fluctuation ........................................................................................................................ 1545–BD53

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73621

TREAS

Internal Revenue Service—Final Rule Stage (Continued)


Regulation
Sequence Title Identifier
Number Number

2800 Manufacturer Incentive Payments in an Intercompany Transaction ............................................................................. 1545–BD55


2801 Source of Compensation for Labor or Personal Services ............................................................................................ 1545–BD62
2802 Removal of Section 6661 Regulations .......................................................................................................................... 1545–BD75
2803 Special Rules To Reduce Section 1446 Withholding (Temporary) .............................................................................. 1545–BD80

Internal Revenue Service—Long-Term Actions


Regulation
Sequence Title Identifier
Number Number

2804 Income Tax—Taxpayer’s Obligation To File a Notice of Redetermination of Foreign Tax and Civil Penalties for
Failure To File .............................................................................................................................................................. 1545–AC09
2805 Income Tax—Definition of Qualified Possession Source Investment Income for Purposes of Puerto Rico and Pos-
session Tax Credit ....................................................................................................................................................... 1545–AC10
2806 FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other Special Rules for FSC ........ 1545–AI16
2807 Information From Passport and Immigration Applicants ............................................................................................... 1545–AJ93
2808 Income of Foreign Governments and International Organizations ............................................................................... 1545–AL93
2809 Clarification of Treatment of Separate Limitation Losses ............................................................................................. 1545–AM11
2810 Earnings and Profits of Controlled Foreign Corporations ............................................................................................. 1545–AM90
2811 Caribbean Basin Investments ....................................................................................................................................... 1545–AM91
2812 Consolidated Alternative Minimum Tax ......................................................................................................................... 1545–AN73
2813 Conforming Taxable Years of CFCs and FPHCs ......................................................................................................... 1545–AO22
2814 Earnings Stripping Payments ........................................................................................................................................ 1545–AO24
2815 Fringe Benefit Sourcing Under Section 861 ................................................................................................................. 1545–AO72
2816 Guidance in Notice 89-37, Which Treats the Receipt of a Corporate Partner’s Stock by the Corporate Partner as a
Circumvention of General Utilities Repeal ................................................................................................................... 1545–AP52
2817 Use of GAAP Earnings as E&P of Foreign Corporations ............................................................................................. 1545–AQ55
2818 The Treatment of Accelerated Death Benefits ............................................................................................................. 1545–AQ70
2819 Allocation of Accrued Benefits Between Employer and Employee Contributions ........................................................ 1545–AT82
2820 Foreign Corporations Regulations ................................................................................................................................ 1545–AT96
2821 Application of Grantor Trust Rules to Nonexempt Employees’ Trust ........................................................................... 1545–AU29
2822 Recomputation of Life Insurance Reserves .................................................................................................................. 1545–AU49
2823 Source Rules for Payments Made Pursuant to Certain Swap Arrangements .............................................................. 1545–AU89
2824 Financial Asset Securitization Investment Trust (FASIT) Start-Up; Operational and Transitional Rules ..................... 1545–AU94
2825 Substantiating Travel Expense Deductions for Members of Congress ........................................................................ 1545–AV55
2826 Stocks and Securities Safe Harbor Exception .............................................................................................................. 1545–AW13
2827 Transportation of Persons and Property by Air ............................................................................................................ 1545–AW19
2828 Source of Income From Certain Space and Ocean Activities and for Communications Income ................................ 1545–AW50
2829 Constructive Sales of Appreciated Financial Positions ................................................................................................. 1545–AW97
2830 Definition of Accounting Method ................................................................................................................................... 1545–AX21
2831 Dollar-Value LIFO .......................................................................................................................................................... 1545–AY39
2832 Special Rules for S Corporations .................................................................................................................................. 1545–AY44
2833 Normal Retirement Age for Pension Plans ................................................................................................................... 1545–AY61
2834 Payments For Interest in Partnership ........................................................................................................................... 1545–AY90
2835 Mergers Involving Disregarded Entities ........................................................................................................................ 1545–BA06
2836 Consolidated Returns; Nonapplicability of Section 357(c) ............................................................................................ 1545–BA09
2837 Noncompensatory Partnership Options ........................................................................................................................ 1545–BA53
2838 Earnings and Profits Attribution Principles .................................................................................................................... 1545–BA93
2839 Investigative Disclosures ............................................................................................................................................... 1545–BB16
2840 Mixed Use Output Facilities .......................................................................................................................................... 1545–BB23
2841 Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year ........................................... 1545–BB27
2842 Amendment to Section 6724 Relating to Failure To File Correct Information Returns ................................................ 1545–BB41
2843 Installment Obligations .................................................................................................................................................. 1545–BB65
2844 Corporate Reorganizations: Continuity Transfers of Assets or Stock Following a Reorganization ............................. 1545–BB80
2845 Substitute for Return (SFR) and Automated Substitute for Return (ASFR) ................................................................. 1545–BC45
2846 Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items ........................................... 1545–BC65
2847 Regulations Governing the Performance of Actuarial Services Under the Employee Retirement Income Security
Act of 1974 .................................................................................................................................................................. 1545–BC82

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73622 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS

Internal Revenue Service—Long-Term Actions (Continued)


Regulation
Sequence Title Identifier
Number Number

2848 Treatment of Foreign Stapled Corporation ................................................................................................................... 1545–BD05


2849 Stock Held by Foreign Insurance Companies .............................................................................................................. 1545–BD27
2850 Brief Asset Holding Period (Temporary) ....................................................................................................................... 1545–BD38
2851 Brief Asset Holding Period ............................................................................................................................................ 1545–BD39
2852 Transfers of Restricted Stock ........................................................................................................................................ 1545–BD44
2853 Transfers of Restricted Stock (Temporary) ................................................................................................................... 1545–BD45
2854 Asset Transfers Following Putative Reorganizations .................................................................................................... 1545–BD56
2855 Guidance Under Section 6501(c)(1) Regulations ......................................................................................................... 1545–BD73

Internal Revenue Service—Completed Actions


Regulation
Sequence Title Identifier
Number Number

2856 Charitable Contributions ................................................................................................................................................ 1545–AP30


2857 Foreign Tax Credit Anti-Abuse Regulation ................................................................................................................... 1545–AV97
2858 Interest on Education Loans ......................................................................................................................................... 1545–AW01
2859 Contingent Debt Instrument .......................................................................................................................................... 1545–AW33
2860 Delay Rental Payments ................................................................................................................................................. 1545–AX06
2861 Application of Separate Foreign Tax Credit Limitations ............................................................................................... 1545–AX88
2862 Procurement/Purchasing Card Reporting ..................................................................................................................... 1545–BA17
2863 Application of the Federal Insurance Contributions Act, Federal Unemployment Tax Act, and Collection of Income
Tax at Source to Statutory Stock Options ................................................................................................................... 1545–BA26
2864 Required Distributions from Retirement Plans .............................................................................................................. 1545–BA60
2865 Interest Other Than That of a Creditor ......................................................................................................................... 1545–BA69
2866 Statutory Options ........................................................................................................................................................... 1545–BA75
2867 Disclosure of Relative Value of Distribution Forms ...................................................................................................... 1545–BA78
2868 Partnership Transactions Involving Long-Term Contracts ............................................................................................ 1545–BA81
2869 Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities .......................................................... 1545–BA90
2870 Place for Filing .............................................................................................................................................................. 1545–BB00
2871 Reduced Exclusion of Gain From Sale or Exchange of Principal Residence .............................................................. 1545–BB01
2872 Change in Use; Accelerated Cost Recovery System ................................................................................................... 1545–BB05
2873 Capital Account Bookup ................................................................................................................................................ 1545–BB10
2874 Excise Tax Relating To Structured Settlement Factoring Transactions ...................................................................... 1545–BB14
2875 Advance Rentals ........................................................................................................................................................... 1545–BB44
2876 Administrative Simplification of 481(a) Adjustment Periods in Various Regulations .................................................... 1545–BB47
2877 Deemed IRAs in Qualified Retirement Plans ................................................................................................................ 1545–BB58
2878 Deemed IRAs in Qualified Retirement Plans (Temporary) ........................................................................................... 1545–BB59
2879 Safe Harbor Leasing Second Interest Capitalization (Temporary) ............................................................................... 1545–BB63
2880 Availability of Section 338(h)(10) Election in Multistep Transactions ........................................................................... 1545–BB68
2881 Collected Excise Taxes; Duties of Collector (Temporary) ............................................................................................ 1545–BB76
2882 Reduction of Tax Attributes Due To Discharge of Indebtedness Income .................................................................... 1545–BB98
2883 Transfers of Nonstatutory Stock Options to Related Persons ...................................................................................... 1545–BC06
2884 Preservation of Stock Basis .......................................................................................................................................... 1545–BC28
2885 Depreciation of Vans and Light Trucks ......................................................................................................................... 1545–BC36
2886 Remedial Actions for Tax Exempt Bonds ..................................................................................................................... 1545–BC40
2887 LIFO Recapture Under Section 1362(d) ....................................................................................................................... 1545–BC66
2888 NIMCRUT Valuation Regulations .................................................................................................................................. 1545–BC85
2889 Electronic Filing of Duplicate Forms 5472 .................................................................................................................... 1545–BD03
2890 Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules (Temporary) ............................................... 1545–BD08
2891 Transitional Rule for Vested Accrued Vacation Pay (Temporary) ................................................................................ 1545–BD12
2892 Deemed Corporate Election for Electing S Corporations (Temporary) ........................................................................ 1545–BD24
2893 Section 1031 Transition to NAICS ................................................................................................................................ 1545–BD25
2894 Section 1031 Transition to NAICS (Temporary) ........................................................................................................... 1545–BD26
2895 Entry of Taxable Fuel (Temporary) ............................................................................................................................... 1545–BD29
2896 Time and Manner of Making Section 163(d)(4)(B) Election To Treat Qualified Dividend Income as Investment In-
come ............................................................................................................................................................................ 1545–BD30
2897 Clarification of Definitions (Temporary) ......................................................................................................................... 1545–BD43

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73623

TREAS

Internal Revenue Service—Completed Actions (Continued)


Regulation
Sequence Title Identifier
Number Number

2898 Guidance Under Section 1502; Waiver of Loss Carryover From Separate Return Limitation Years .......................... 1545–BD58
2899 Treatment of Certain Settlement Funds as Pertaining To Purchase Price Allocations in Deemed and Actual Asset
Acquisitions (Temporary) ............................................................................................................................................. 1545–BD59
2900 Extention of Time To Elect Method for Determining Allowable Loss ........................................................................... 1545–BD63
2901 Extention of Time To Elect Method For Determining Allowable Loss (Temporary) ..................................................... 1545–BD64

Office of Thrift Supervision—Proposed Rule Stage


Regulation
Sequence Title Identifier
Number Number

2902 Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord ........................................................... 1550–AB56
2903 12 CFR 506 Securities-Related Activities of Savings Associations ............................................................................. 1550–AB92
2904 Identity Theft Detection, Prevention, and Mitigation Program for Financial Institutions and Creditors ........................ 1550–AB94

Office of Thrift Supervision—Final Rule Stage


Regulation
Sequence Title Identifier
Number Number

2905 12 CFR 568 Proper Disposal of Consumer Information Under the Fair and Accurate Credit Transactions Act of
2003 ............................................................................................................................................................................. 1550–AB87
2906 Fair Credit Reporting Medical Information Regulations ................................................................................................ 1550–AB88
2907 Fair Credit Reporting Affiliate Marketing Regulations ................................................................................................... 1550–AB90
2908 12 CFR 506 EGRPRA Regulatory Review—Application and Reporting Requirements .............................................. 1550–AB93

Office of Thrift Supervision—Long-Term Actions


Regulation
Sequence Title Identifier
Number Number

2909 12 CFR 563e Community Reinvestment Act ................................................................................................................ 1550–AB48


2910 Community Reinvestment Act Regulations (Geographies) ........................................................................................... 1550–AB91

Office of Thrift Supervision—Completed Actions


Regulation
Sequence Title Identifier
Number Number

2911 12 CFR 571 Fair Credit Reporting ................................................................................................................................ 1550–AB33


2912 Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: Consolidation of Asset-
Backed Commercial Paper Programs and Other Related Issues ............................................................................... 1550–AB79
2913 Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-Leach-Bliley Act .......... 1550–AB86

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73624 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

Department of the Treasury (TREAS) Proposed Rule Stage


Departmental Offices (DO)

2382. AMENDMENTS TO THE Regulations Staff, 799 9th Street NW., 2384. TERRORISM RISK INSURANCE
GOVERNMENT SECURITIES ACT Washington, DC 20239 PROGRAM; RECOUPMENTS OF
REGULATIONS: EXEMPTION FOR Phone: 202 504–3632 FEDERAL SHARE OF
HOLDINGS SUBJECT TO FIDUCIARY Fax: 202 504–3639 COMPENSATION FOR INSURED
STANDARDS Email: govsecreg@bpd.treas.gov LOSSES
Priority: Substantive, Nonsignificant Priority: Other Significant. Major status
RIN: 1505–AB06 under 5 USC 801 is undetermined.
Legal Authority: 15 USC
78o–5(b)(1)(A); 15 USC 78o–5(b)(4); 15 Legal Authority: Terrorism Risk
USC 78o–5(b)(5); 31 USC 3121; 31 USC 2383. TERRORISM RISK INSURANCE Insurance Act, title 1, PL 107–297, 116
9110 PROGRAM; ADDITIONAL CLAIMS Stat 2322; 15 USC 6701 note; 5 USC
ISSUES 301
CFR Citation: 17 CFR 450.3
CFR Citation: 31 CFR 50
Legal Deadline: None Priority: Other Significant. Major status
under 5 USC 801 is undetermined. Legal Deadline: None
Abstract: The proposed rule would
amend the Government Securities Act Abstract: As the statutorily authorized
Legal Authority: Terrorism Risk administrator of the Terrorism Risk
regulations applicable to custodial
Insurance Act, title 1, PL 107–297, 116 Insurance Program, Treasury is issuing
holdings of Government securities by
Stat 2322; 15 USC 6701 note; 5 USC proposed and final regulations to
depository institutions. Specifically,
301 implement the Program. Under the
this proposal would expand the
eligibility for the exemption for Terrorism Risk Insurance Act, title I,
CFR Citation: 31 CFR 50 Public Law 107-297, and the Program,
holdings subject to fiduciary standards
at 17 CFR part 450.3 to include savings Legal Deadline: None the Federal Government shares the risk
associations examined by the Office of of insured losses from certified acts of
Thrift Supervision. The exemption is Abstract: As the statutorily authorized terrorism with commercial property
currently available to depository administrator of the Terrorism Risk and casualty insurers until the Program
institutions that meet its conditions Insurance Program, Treasury is issuing sunsets on December 31, 2005. This
regulated by the Federal Deposit proposed and final regulations to rule incorporates and clarifies statutory
Insurance Corporation, the Comptroller implement the Program. Under the requirements for the recoupment of the
of the Currency, and the Board of Terrorism Risk Insurance Act, title I, Federal share of compensation for
Governors of the Federal Reserve Public Law 107-297, and the Program, insured losses. The rule establishes
System. the Federal Government shares the risk requirements for determining amounts
of insured losses from certified acts of to be recouped and for procedures
Timetable: insurers are to use for collecting
terrorism with commercial property
Action Date FR Cite and casualty insurers until the Program terrorism loss risk-spreading premiums
sunsets on December 31, 2005. This and remitting them to the Treasury.
NPRM 11/00/04
NPRM Comment 12/00/04 rule provides requirements for claims Timetable:
Period End procedures related to the later stages Action Date FR Cite
Regulatory Flexibility Analysis of claims administration as well as
NPRM 03/00/05
Required: No secondary issues such as procedures in NPRM Comment 05/00/05
case of insurer insolvency. Period End
Small Entities Affected: No
Final Action 09/00/05
Government Levels Affected: None Timetable:
Regulatory Flexibility Analysis
Agency Contact: Lori Santamorena, Action Date FR Cite Required: No
Executive Director, Department of the
NPRM 12/00/04 Government Levels Affected: None
Treasury, Room 315, Government
Securities Regulations Staff, 799 9th NPRM Comment 01/00/05
Agency Contact: Howard Leikin,
Period End
Street NW., Washington, DC 20239 Senior Insurance Advisor, Department
Phone: 202 504–3632 Final Action 04/00/05
of the Treasury, Office of Financial
Fax: 202 504–3639 Regulatory Flexibility Analysis Institutions, Terrorism Risk Insurance
Email: govsecreg@bpd.treas.gov Required: No Program, 1500 Pennsylvania Avenue
NW., Washington, DC 20220
Lee Grandy, Associate Director, Government Levels Affected: None Phone: 202 622–6770
Department of the Treasury, RIN: 1505–AB10
Governement Securities Regulations Agency Contact: Howard Leikin,
Staff, 799 9th Street NW., Washington, Senior Insurance Advisor, Department
DC 20239 of the Treasury, Office of Financial 2385. REMOTE LOCATION FILING
Phone: 202 504–3632 Institutions, Terrorism Risk Insurance Priority: Substantive, Nonsignificant
Fax: 202 504–3639 Program, 1500 Pennsylvania Avenue
Email: govsecreg@bpd.treas.gov Legal Authority: 19 USC 66; 19 USC
NW., Washington, DC 20220
1202; 19 USC 1484; 19 USC 1624; 19
Phone: 202 622–6770 USC 1641
Deidere R. Brewer, Government
Securities Specialist, Department of the RIN: 1505–AB09 CFR Citation: 19 CFR 111; 19 CFR 113;
Treasury, Government Securities 19 CFR 141; 19 CFR 143

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TREAS—DO Proposed Rule Stage

Legal Deadline: None 2387. RECORDATION OF 2388. REVISION OF OUTBOUND


COPYRIGHTS AND ENFORCEMENT REDELIVERY PROCEDURES AND
Abstract: Amendment to allow entry PROCEDURES TO PREVENT LIABILITIES
filers to electronically file entries of IMPORTATION OF PIRATICAL Priority: Substantive, Nonsignificant
merchandise with the Bureau of ARTICLES
Customs and Border Protection from Legal Authority: 19 USC 66; 19 USC
locations within the United States other Priority: Substantive, Nonsignificant 1623; 19 USC 1624
than at the port of arrival of the CFR Citation: 19 CFR 113
merchandise or the location of Legal Authority: 15 USC 1124; 15 USC
1125; 17 USC 101; 17 USC 106; 17 USC Legal Deadline: None
examination of the merchandise.
501; 19 USC 66; 19 USC 1499; 19 USC Abstract: Amendment of the condition
Timetable: 1595a; 17 USC 1201(b); 18 USC 2319A; in an international carrier bond
... regarding the unlawful disposition of
Action Date FR Cite
merchandise in order to allow CBP to
NPRM 01/00/05 CFR Citation: 19 CFR 133 better control the exportation of
Legal Deadline: None merchandise and to have more control
Regulatory Flexibility Analysis over demands for redelivery.
Required: No Abstract: This amendment will allow Conditions of the bond would be
Government Levels Affected: None CBP to be more responsive to claims amended to no longer require the
of piracy. Amendment would allow merchandise to be labeled as seized
Additional Information: Transferred sound recordings and motion pictures and detained for the principal to be
from RIN 1515-AC23 or similar audio-visual works to be required to obtain permission from CBP
recorded with CBP while pending prior to placing the merchandise on
Agency Contact: John Leonard, registration with the U.S. Copyright board a conveyance for export or
Program Officer, Department of the Office. Amendment would also otherwise disposing of the
Treasury, Office of Field Operations, enhance the protection of all non-U.S. merchandise. Instead of the condition
1300 Pennsylvania Avenue NW., works by allowing recordation without being applicable when CBP labels
Washington, DC 20229 requiring registration with the U.S. merchandise, the condition would be
Phone: 202 344–2687 applicable when CBP notifies the
Copyright Office. Amendment would
principal either in writing or
RIN: 1505–AB20 also set forth changes to CBP’s
electronically that the merchandise has
enforcement procedures, including,
been seized or detained.
among other things, enhanced
2386. UNIFORM RULES OF ORIGIN disclosure provisions, protection for Timetable:
live musical performances and Action Date FR Cite
Priority: Substantive, Nonsignificant provisions to enforce the Digital
NPRM 02/00/05
Legal Authority: 19 USC 66; 19 USC Millennium Copyright Act.
Regulatory Flexibility Analysis
1202; 19 USC 1624 Timetable: Required: No
CFR Citation: 19 CFR 102 Action Date FR Cite Government Levels Affected: None
Legal Deadline: None NPRM 12/00/04 Agency Contact: Robert C. Rawls,
Operations Officer, Department of the
Abstract: Amendment to set forth Regulatory Flexibility Analysis Treasury, Office of Field Operations,
uniform rules for determining the Required: No 1300 Pennsylvania Avenue NW.,
country of origin of imported goods. Washington, DC 20229
Government Levels Affected: None Phone: 202 344–1926
Timetable:
Agency Contact: Paul Pizzeck, RIN: 1505–AB52
Action Date FR Cite Attorney, Intellectual Property Rights
NPRM 12/00/04 Branch, Department of the Treasury,
2389. CENTRALIZATION OF THE
Office of Regulations and Rulings, 1300 CONTINUOUS BOND PROGRAM AT
Regulatory Flexibility Analysis Pennsylvania Avenue NW., THE CBP NATIONAL FINANCE
Required: No Washington, DC 20229 CENTER
Phone: 202 572–8710
Government Levels Affected: None Priority: Substantive, Nonsignificant.
George F. McCray, Chief, Intellectual Major status under 5 USC 801 is
Agency Contact: Daniel Cornette, undetermined.
Attorney, Special Classification and Property Rights Branch, Department of
Marking Branch, Department of the the Treasury, Office of Regulations and Legal Authority: 19 USC 1623
Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue CFR Citation: 19 CFR 101; 19 CFR 113
Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572–8709 Legal Deadline: None
NW., Washington, DC 20229
Phone: 202 572–8731 Abstract: Amendment to reflect CBP’s
RIN: 1505–AB51 planned centralization of the
RIN: 1505–AB49 continuous bond program at the

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73626 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—DO Proposed Rule Stage

National Finance Center (NFC). changes would support CBP’s bond Regulatory Flexibility Analysis
Pursuant to this centralization, all program by ensuring an efficient and Required: No
continuous bonds would be filed at the uniform approach to the approval, Government Levels Affected: None
NFC via mail, fax, or in an electronic maintenance, and periodic review of
format. The NFC would assume most continuous bonds. Agency Contact: Bruce Ingalls, Chief,
of the bond functions previously Collection Section, Department of the
performed at the port level, with the Timetable: Treasury, Office of Finance,
noted exception that the authority to Indianapolis, IN 46278
Action Date FR Cite
approve single transaction bonds will Phone: 317 298–1307
remain with port directors. These NPRM 01/00/05 RIN: 1505–AB54

Department of the Treasury (TREAS) Final Rule Stage


Departmental Offices (DO)

2390. REPORTING AND PROCEDURES Fax: 202 622–1657 Phone: 202 572–8832
REGULATIONS; CUBAN ASSETS RIN: 1505–AA95 RIN: 1505–AB21
CONTROL REGULATIONS:
PUBLICATION OF ECONOMIC
SANCTIONS ENFORCEMENT 2391. COUNTRY–OF–ORIGIN 2392. EXPANDED METHODS OF
GUIDELINES MARKING PAYMENT OF DUTIES, TAXES,
Priority: Substantive, Nonsignificant INTEREST, AND FEES
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC Priority: Substantive, Nonsignificant
Legal Authority: 21 USC 1901 to 1908;
22 USC 287c; 31 USC 321(b); 50 USC 66; 19 USC 1202; 19 USC 1304; 19 USC Legal Authority: 5 USC 301; 19 USC
1701 to 1706; 50 USC app 1–44 1624 197; 19 USC 198; 19 USC 58a; 19 USC
CFR Citation: 19 CFR 134 58b; 19 USC 58c; 19 USC 66; 19 USC
CFR Citation: 31 CFR 501; 31 CFR 515 1202; 19 USC 1450; 19 USC 1624; 31
Legal Deadline: None USC 9701
Legal Deadline: None
Abstract: Amendments clarify the CFR Citation: 19 CFR 24
Abstract: The Office of Foreign Assets country-of-origin marking rules set
Control (OFAC) of the U.S. Department forth in part 134 of the Bureau of Legal Deadline: None
of the Treasury is publishing for public Customs and Border Protection Abstract: Amendment to expand the
comment an updated version of its Regulations. Amendments promote the number of ways that the Bureau of
internal Economic Sanctions concept of informed compliance by the Customs and Border Protection will
Enforcement Guidelines. These trade and proper field administration of accept payment of duties, taxes, fees,
Guidelines are being published as the statutory requirement. interest, and other charges. Currently,
separate appendices to two parts of the the regulations allow for credit or
Code of Federal Regulations: 1) general Timetable:
charge cards, which have been
provisions are being published as an Action Date FR Cite authorized by the Commissioner of the
appendix to the Reporting and NPRM 01/26/00 65 FR 4193 Bureau of Customs and Border
Procedures Regulations, 31 CFR part NPRM Comment 04/26/00 65 FR 17473 Protection (Commissioner), to be used
501; and 2) specific provisions focusing Period End at designated customs-serviced
on Cuba are being published as an Final Action 03/00/05 locations with a limitation that this
appendix to the Cuban Assets Control method of payment may only be used
Regulations, 31 CFR part 515. Regulatory Flexibility Analysis
Required: No by noncommercial entities. Amendment
Timetable: allows payment of duties, taxes, fees,
Government Levels Affected: None interest, and other charges by any
Action Date FR Cite electronic technology or charge cards
Additional Information: Transferred
NPRM 01/29/03 68 FR 4422 from RIN 1515-AC32 (either debit or credit cards) that are
NPRM Comment 03/31/03 authorized by the Commissioner and by
Period End Agency Contact: Monika Rice Brenner, removing the limitation that these
Final Action 01/00/05 Chief, Special Classification and methods of payment may only be used
Marking Branch, Department of the by noncommercial entities.
Regulatory Flexibility Analysis Treasury, Office of Regulations and
Required: No Rulings, 1300 Pennsylvania Avenue Timetable:
Government Levels Affected: None NW., Washington, DC 20229 Action Date FR Cite
Phone: 202 572–8810
Agency Contact: Chief of Records, NPRM 03/17/99 64 FR 13141
Department of the Treasury, Kristen VerSteeg, Attorney–Advisor, NPRM Comment 05/17/99
Annex–2nd Floor, Office of Foreign Special Classification and Marking Period End
Assets Control, 1500 Pensylvania Branch, Department of the Treasury, Final Action 03/00/05
Avenue NW., Washington, DC 20220 1300 Pennsylvania Avenue NW., Regulatory Flexibility Analysis
Phone: 202 622–2530 Washington, DC 20229 Required: No

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73627

TREAS—DO Final Rule Stage

Government Levels Affected: None 2394. AFRICAN GROWTH AND CFR Citation: 19 CFR 146
OPPORTUNITY ACT AND Legal Deadline: None
Additional Information: Transferred GENERALIZED SYSTEM OF
from RIN 1515-AC40 PREFERENCES Abstract: Amendment in conformance
with the Trade and Development Act
Agency Contact: Linda Lloyd, Priority: Substantive, Nonsignificant of 2000 to expand the weekly entry
Financial Officer, Department of the Legal Authority: 19 USC 66; 19 USC procedure for foreign trade zones to
Treasury, Financial Policy Division, 1202; 19 USC 1321; 19 USC 1481; 19 include merchandise involved in
1300 Pennsylvania Avenue NW., USC 1484; 19 USC 1498; 19 USC 1508; activities other than exclusively
Washington, DC 20229 19 USC 1623; 19 USC 1624; 19 USC assembly-line production operations.
Phone: 202 344–1565 2461; 19 USC 3314; 19 USC 3721 Under the expanded weekly procedure,
RIN: 1505–AB22 CFR Citation: 19 CFR 10; 19 CFR 163 weekly entries covering estimated
removals of merchandise from a foreign
Legal Deadline: Final, Statutory,
trade zone for any seven-day period
2393. USER AND NAVIGATION FEES; October 1, 2000, Public Law 106–200.
and the associated entry summaries
OTHER REIMBURSABLE CHARGES Abstract: Amendments to implement will have to be filed exclusively
the trade benefit provisions for sub- through the Automated Broker
Priority: Substantive, Nonsignificant
Saharan Africa contained in title I of Interface, with duties, fees, and taxes
Legal Authority: 5 USC 301; 19 USC the Trade and Development Act of being scheduled for payment through
58a to 58c; 19 USC 66; 19 USC 1202; 2000. The trade benefits under title I, the Automated Clearinghouse.
19 USC 1431; 19 USC 1433; 19 USC also referred to as the African Growth
Timetable:
1434; 19 USC 1505; 19 USC 1624; 31 and Opportunity Act, apply to sub-
USC 9701; 46 USC 2110 to 2112 Saharan African countries designated Action Date FR Cite
by the President and involve the NPRM 07/25/02 67 FR 48594
CFR Citation: 19 CFR 4; 19 CFR 24; extension of duty-free treatment under NPRM Comment 09/23/02
19 CFR 101 the Generalized System of Preferences Period End
Legal Deadline: None (GSP) to nonimport-sensitive, Final Action 02/00/05
nontextile articles normally excluded
Abstract: Amendment regarding the from GSP duty-free treatment, and the Regulatory Flexibility Analysis
proper assessment of user and entry of specific textile and apparel Required: No
navigation fees, as well as other articles free of duty and free of any Government Levels Affected: None
reimbursement charges for customs quantitative limits. Additional Information: Transferred
services performed in connection with, Timetable: from RIN 1515-AC74
among other things, the processing of
vehicles, vessels, aircraft, and Action Date FR Cite Agency Contact: Debbie Scott, Chief,
merchandise arriving in the United Interim Final Rule 10/01/00 Entry and Drawback Management,
States. The purpose of the amendment Effective Department of the Treasury, Office of
is to conform the regulations with the Interim Final Rule 10/05/00 65 FR 59668 Field Operations, 1300 Pennsylvania
intent of the customs user fee statute Interim Final Rule 12/04/00 Avenue NW., Washington, DC 20229
and to reflect existing operational Comment Period Phone: 202 344–1962
policy and administrative practice in End RIN: 1505–AB27
this area. Final Action 12/00/04
Regulatory Flexibility Analysis
Timetable: Required: No 2396. UNITED STATES–CARIBBEAN
Action Date FR Cite
BASIN TRADE PARTNERSHIP ACT
Government Levels Affected: None AND CARIBBEAN BASIN INITIATIVE
NPRM 05/01/01 66 FR 21705 Additional Information: Transferred Priority: Substantive, Nonsignificant
NPRM Comment 07/02/01 from RIN 1515-AC72
Period End Legal Authority: 19 USC 66; 19 USC
Final Action 12/00/04 Agency Contact: Cynthia Reese, Senior 1202; 19 USC 1321; 19 USC 1481; 19
Attorney, Department of the Treasury, USC 1484; 19 USC 1498; 19 USC 1508;
Regulatory Flexibility Analysis Room 503, Office of Regulations and 19 USC 1623; 19 USC 1624; 19 USC
Required: No Rulings, 1300 Pennsylvania Avenue 2701; 19 USC 3314
NW., Washington, DC 20229
Government Levels Affected: None Phone: 202 572–8790 CFR Citation: 19 CFR 10; 19 CFR 163
Additional Information: Transferred RIN: 1505–AB26 Legal Deadline: Final, Statutory,
from RIN 1515-AC63 October 1, 2000, Public Law 106–200.
Agency Contact: Kimberly Nott, 2395. EXPANDED WEEKLY ENTRY Abstract: Amendments to implement
Operations Officer, Department of the PROCEDURE FOR FOREIGN TRADE the trade benefit provisions for
Treasury, Office of Field Operations, ZONES Caribbean Basin countries contained in
1300 Pennsylvania Avenue NW., title II of the Trade and Development
Priority: Substantive, Nonsignificant Act of 2000. The trade benefits under
Washington, DC 20229
Phone: 202 344–2083 Legal Authority: 19 USC 66; 19 USC title II, also referred to as the United
81a to 81u; 19 USC 1202; 19 USC States-Caribbean Basin Trade
RIN: 1505–AB24 1484i; 19 USC 1623; 19 USC 1624 Partnership Act (the CBTPA), apply to

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TREAS—DO Final Rule Stage

Caribbean Basin countries designated Action Date FR Cite Agency Contact: Jeremy Baskin,
by the President and involve the entry Attorney–Advisor, Penalties Branch,
of specific textile and apparel articles Second NPRM 12/09/02 Department of the Treasury, Office of
free of duty and free of any quantitative Comment Period Regulations and Rulings, 1300
End
restrictions, limitations, or consultation Pennsylvania Avenue NW.,
Final Action 01/00/05
levels and the extension of NAFTA Washington, DC 20229
duty treatment standards to nontextile Regulatory Flexibility Analysis Phone: 202 572–8753
articles that are excluded from duty- Required: No
free treatment under the Caribbean Government Levels Affected: None Luan Cotter, Operations Officer,
Basin Initiative program. Department of the Treasury, Office of
Additional Information: Transferred Field Operations, 1300 Pennsylvania
Timetable: from RIN 1515-AC77 Avenue NW., Washington, DC 20229
Action Date FR Cite Agency Contact: Dennis Lomax, Phone: 202 927–1249
Interim Final Rule 10/01/00 65 FR 59650 Accountant, Department of the
Effective Treasury, Accounting Services Division, Renee Stevens, Science Officer,
Interim Final Rule 10/05/00 65 FR 59650 Office of Finance, Indianapolis, IN Department of the Treasury, Office of
Interim Final Rule 12/04/00 46278 Laboratories and Scientific Services,
Comment Period Phone: 317 298–1200 1300 Pennsylvania Avenue NW.,
End Washington, DC 20229
RIN: 1505–AB29 Phone: 202 927–0941
Final Action 12/00/04
Regulatory Flexibility Analysis RIN: 1505–AB31
2398. DOG AND CAT PROTECTION
Required: No ACT
Government Levels Affected: None 2399. PROTOTYPES USED SOLELY
Priority: Substantive, Nonsignificant
FOR PRODUCT DEVELOPMENT,
Additional Information: Transferred Legal Authority: 19 USC 66; 19 USC TESTING, EVALUATION, OR QUALITY
from RIN 1515-AC76 1202; 19 USC 1308; 19 USC 1592; 19 CONTROL PURPOSES
Agency Contact: Cynthia Reese, Senior USC 1593a; 19 USC 1624
Priority: Substantive, Nonsignificant
Attorney, Department of the Treasury, CFR Citation: 19 CFR 12; 19 CFR 113;
19 CFR 151; 19 CFR 162 Legal Authority: 19 USC 66; 19 USC
Room 503, Office of Regulations and
1202; 19 USC 1321; 19 USC 1481; 19
Rulings, 1300 Pennsylvania Avenue Legal Deadline: Final, Statutory, USC 1484; 19 USC 1498; 19 USC 1508;
NW., Washington, DC 20229 August 9, 2001, Public Law 106–476. 19 USC 1623; 19 USC 1624; PL
Phone: 202 572–8790
Abstract: Amendment to implement 106–476
RIN: 1505–AB28 certain provisions of the Dog and Cat CFR Citation: 19 CFR 10; 19 CFR 163
Protection Act of 2000. The Dog and
Cat Protection Act of 2000 prohibits the Legal Deadline: Final, Statutory,
2397. REIMBURSABLE CUSTOMS September 9, 2001, Public Law
INSPECTIONAL SERVICES— importation of any products containing
dog or cat fur, and provides for civil 106–476.
INCREASE IN HOURLY RATE
CHARGE and criminal penalties for violations of Abstract: Amendment to establish rules
the Act. Amendment sets forth the and procedures under the Product
Priority: Substantive, Nonsignificant prohibitions on dog and cat fur Development and Testing Act of 2000
Legal Authority: 5 USC 301; 5 USC importations and the penalties for (PDTA). The purpose of the PDTA is
6103; 19 USC 58a to 58c; 19 USC 66; violations. Amendment also to promote product development and
19 USC 261; 19 USC 267; 19 USC 1202; implements the provision of the Act testing in the United States by allowing
19 USC 1450 to 1452; 19 USC 1456; pertaining to customs certification the duty-free entry of articles,
19 USC 1505; 19 USC 1557; 19 USC process of commercial laboratories, commonly referred to as prototypes,
1562; 19 USC 1624; 26 USC 4461; 26 both domestic and foreign, that can that are to be used exclusively in
USC 4462; 31 USC 9701; 46 USC 2110 determine if articles intended to be product development, testing,
to 2112 imported into the United States contain evaluation, and quality control.
dog or cat fur. Amendments set forth the procedures
CFR Citation: 19 CFR 24; 19 CFR 101 Timetable: for both the identification of those
Legal Deadline: None prototypes properly entitled to duty-
Action Date FR Cite free entry, as well as the permissible
Abstract: Amendment to increase the NPRM 08/10/01 66 FR 42163 sale of such prototypes, following use
rate of charge for reimbursable customs NPRM Comment 10/09/01 in the United States, as scrap, waste,
inspectional services. Period End or for recycling.
Final Action 05/00/05
Timetable: Timetable:
Regulatory Flexibility Analysis
Action Date FR Cite Action Date FR Cite
Required: No
NPRM 02/01/01 66 FR 8554 NPRM 03/08/02 67 FR 10636
Government Levels Affected: None
NPRM Comment 04/02/01 NPRM Comment 04/08/02
Period End Additional Information: Transferred Period End
Second NPRM 10/09/02 67 FR 62920 from RIN 1515-AC87 Final Action 11/00/04

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73629

TREAS—DO Final Rule Stage

Regulatory Flexibility Analysis Rulings, 1300 Pennsylvania Avenue 2402. IMPLEMENTATION OF THE
Required: No NW., Washington, DC 20229 ANDEAN TRADE PROMOTION AND
Government Levels Affected: None Phone: 202 572–8790 DRUG ERADICATION ACT
Additional Information: Transferred Priority: Substantive, Nonsignificant
Brian Fennessy, Acting Branch Chief,
from RIN 1515-AC88 Textile Policy and Trade Initiatives Legal Authority: 19 USC 66; 19 USC
Agency Contact: Richard Walliio, Branch, Department of the Treasury, 1202; 19 USC 1321; 19 USC 1481; 19
Operations Officer, Department of the Office of Field Operations, 1300 USC 1484; 19 USC 1498; 19 USC 1508;
Treasury, Office of Field Operations, Pennsylvania Avenue NW., 19 USC 1623; 19 USC 1624; 19 USC
1300 Pennsylvania Avenue NW., Washington, DC 20229 3203; 19 USC 3314
Washington, DC 20229 Phone: 202 344–2272 CFR Citation: 19 CFR 10; 19 CFR 163
Phone: 202 344–2556 RIN: 1505–AB33 Legal Deadline: None
RIN: 1505–AB32 Abstract: Amendment to implement
2401. SINGLE ENTRY FOR the trade benefit provisions for Andean
2400. PREFERENTIAL TREATMENT UNASSEMBLED OR DISASSEMBLED countries contained in title XXXI of the
OF BRASSIERES UNDER THE UNITED ENTITIES IMPORTED ON MULTIPLE Trade Act of 2002. The trade benefits
STATES–CARIBBEAN BASIN TRADE CONVEYANCES under title XXXI, also referred to as the
PARTNERSHIP ACT Andean Trade Promotion and Drug
Priority: Substantive, Nonsignificant
Eradication Act (the ATPDEA), apply
Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC to Andean countries specifically
Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624 designated by the President for
1202; 19 USC 1321; 19 USC 1481; 19 CFR Citation: 19 CFR 141; 19 CFR 142 ATPDEA purposes. The ATPDEA trade
USC 1484; 19 USC 1498; 19 USC 1508; benefits involve the entry of specific
19 USC 1623; 19 USC 1624; 19 USC Legal Deadline: Final, Statutory, May apparel and other textile articles free
2701; 19 USC 3314 9, 2001, Public Law 106–476. of duty and free of any quantitative
CFR Citation: 19 CFR 10; 19 CFR 163 Abstract: Amendment to allow an restrictions, limitations, or consultation
importer of record, under certain levels, the extension of duty-free
Legal Deadline: Final, Statutory, treatment to specified nontextile
October 1, 2001, Public Law 106–200. conditions, to submit a single entry to
cover multiple portions of a single articles normally excluded from duty-
Abstract: Amendment to implement entity which, due to its size or nature, free treatment under the Andean Trade
those provisions within the United arrives in the United States on separate Preference Act (ATPA) program if the
States-Caribbean Basin Trade conveyances. Amendment implements President finds those articles to be not
Partnership Act (the CBTPA) that statutory changes made to the import-sensitive in the context of the
establish standards for preferential merchandise entry laws by the Tariff ATPDEA, and the entry of certain
treatment for brassieres imported from Suspension and Trade Act of 2000. imports of tuna free of duty and free
CBTPA beneficiary countries. The of any quantitative restrictions.
amendments involve specifically the Timetable:
Timetable:
methods, procedures, and related Action Date FR Cite
standards that will apply for purposes Action Date FR Cite
NPRM 04/08/02 67 FR 16664
of determining compliance with the 75 NPRM Comment 06/07/02 Interim Final Rule 03/25/03 68 FR 14478
percent aggregate U.S. fabric Period End Interim Final Rule 03/25/03
components content requirement under Final Action 12/00/04 Effective
the CBTPA brassieres provision. Interim Final Rule 05/27/03
Regulatory Flexibility Analysis Comment Period
Timetable: Required: No End
Action Date FR Cite Government Levels Affected: None Final Action 12/00/04
Interim Final Rule 10/04/01 66 FR 50534 Regulatory Flexibility Analysis
Additional Information: Transferred
Interim Final Rule 10/04/01 Required: No
from RIN 1515-AC94
Effective
Correction 10/11/01 66 FR 51864 Agency Contact: Gina Grier, Attorney, Government Levels Affected: None
Interim Final Rule 12/03/01 Entry Procedures and Carriers Branch, Additional Information: Transferred
Comment Period Department of the Treasury, Office of from RIN 1515-AD19
End Regulations and Rulings, 1300 Agency Contact: Cynthia Reese, Senior
Final Action 11/00/04 Pennsylvania Avenue NW., Attorney, Department of the Treasury,
Regulatory Flexibility Analysis Washington, DC 20229 Room 503, Office of Regulations and
Required: No Phone: 202 572–8730 Rulings, 1300 Pennsylvania Avenue
Government Levels Affected: None NW., Washington, DC 20229
Robert E. Watt, Program Officer,
Phone: 202 572–8790
Additional Information: Transferred Department of the Treasury, Office of
from RIN 1515-AC89 Field Operations, 1300 Pennsylvania Robert Abels, Operations Officer,
Agency Contact: Cynthia Reese, Senior Avenue NW., Washington, DC 20229 Department of the Treasury, Office of
Attorney, Department of the Treasury, Phone: 202 927–0279 Field Operations, 1300 Pennsylvania
Room 503, Office of Regulations and RIN: 1505–AB34 Avenue NW., Washington, DC 20229

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73630 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—DO Final Rule Stage

Phone: 202 344–1959 Cynthia Reese, Senior Attorney, 2405. TRADE BENEFITS UNDER THE
Department of the Treasury, Room 503, CARIBBEAN BASIN ECONOMIC
RIN: 1505–AB37
Office of Regulations and Rulings, 1300 RECOVERY ACT
Pennsylvania Avenue NW.,
Priority: Substantive, Nonsignificant
2403. TRADE BENEFITS UNDER THE Washington, DC 20229
AFRICAN GROWTH AND Phone: 202 572–8790 Legal Authority: 19 USC 66; 19 USC
OPPORTUNITY ACT 1202; 19 USC 1321; 19 USC 1481; 19
RIN: 1505–AB38 USC 1484; 19 USC 1498; 19 USC 1508;
Priority: Substantive, Nonsignificant 19 USC 1623; 19 USC 1624; 19 USC
Legal Authority: 19 USC 66; 19 USC 2404. FEES FOR CUSTOMS 2701; 19 USC 3314
1202; 19 USC 1321; 19 USC 1481; 19 PROCESSING AT EXPRESS COURIER CFR Citation: 19 CFR 10
USC 1484; 19 USC 1498; 19 USC 1508; FACILITIES
19 USC 1623; 19 USC 1624; 19 USC Legal Deadline: None
3721; 19 USC 3314 Priority: Substantive, Nonsignificant Abstract: Amendment to implement
CFR Citation: 19 CFR 10 the trade benefits for Caribbean Basin
Legal Authority: 5 USC 301; 19 USC
countries contained in section 213(b) of
Legal Deadline: None 58a to 58c; 19 USC 66; 19 USC 1202;
the Caribbean Basin Economic
19 USC 1505; 19 USC 261; 19 USC 267;
Abstract: Amendment to those Recovery Act (the CBERA).
19 USC 1450 to 1452; 19 USC 1456;
provisions of the Customs Regulations Amendments involve the textile and
19 USC 1524; 19 USC 1557; 19 USC
that implement the trade benefit apparel provisions of section 213(b)
1562; 19 USC 1624; 26 USC 4461; 26
provisions for sub-Saharan African and in part reflect changes made to
USC 4462; 19 USC 3332; 46 USC 2110
countries contained in the African those statutory provisions by section
to 2112
Growth and Opportunity Act (the 3107 of the Trade Act of 2002. The
AGOA). Amendments involve the CFR Citation: 19 CFR 24; 19 CFR 113; specific statutory changes involve the
textile and apparel provisions of the 19 CFR 128 amendment of several provisions to
AGOA and in part reflect changes to clarify the status of apparel articles
those statutory provisions by section Legal Deadline: None assembled from knit-to-shape
3108 of the Trade Act of 2002. The components, the addition of language
specific statutory changes involve the Abstract: Amendment to implement requiring any dyeing, printing, and
amendment of several provisions to amendments to the customs user fee finishing of certain fabrics to be done
clarify the status of apparel articles statute made by section 337 of the in the United States, the inclusion of
assembled from knit-to-shape Trade Act of 2002. Statutory exception language in the brassieres
components, the inclusion of a specific amendments concern the fees payable provision regarding articles entered
reference to apparel articles formed on for customs services provided in under other CBERA apparel provisions,
seamless knitting machines, a change connection with the informal entry or the addition of a provision permitting
of the wool fiber diameter specified in release of shipments at express the dyeing, printing, and finishing of
one provision, and the addition of a consignment carrier facilities and thread in the Caribbean region, and the
new provision to cover additional centralized hub facilities. The effect of addition of a new provision to cover
production scenarios involving the the statutory amendments is to replace additional production scenarios
United States and AGOA beneficiary the annual lump sum payment involving the United States and the
countries. procedure with a quarterly payment Caribbean region.
procedure based on a specific fee for
Timetable: each individual airway bill or bill of Timetable:
Action Date FR Cite lading. Action Date FR Cite
Interim Final Rule 03/21/03 68 FR 13820 Timetable: Interim Final Rule 03/21/03 68 FR 13827
Interim Final Rule 03/21/03 Interim Final Rule 03/21/03
Action Date FR Cite Effective
Effective
Interim Final Rule 05/20/03 Interim Final Rule 03/00/05 Interim Final Rule 05/20/03
Comment Period Comment Period
End Regulatory Flexibility Analysis End
Final Action 12/00/04 Required: No Final Action 12/00/04
Regulatory Flexibility Analysis Government Levels Affected: None Regulatory Flexibility Analysis
Required: No Required: No
Additional Information: Transferred
Government Levels Affected: None Government Levels Affected: None
from RIN 1515-AD21
Additional Information: Transferred Additional Information: Transferred
from RIN 1515-AD20 Agency Contact: Joseph Lanzante, from RIN 1515-AD22
Operations Officer, Department of the
Agency Contact: Robert Abels, Treasury, Office of Field Operations, Agency Contact: Robert Abels,
Operations Officer, Department of the 1300 Pennsylvania Avenue NW., Operations Officer, Department of the
Treasury, Office of Field Operations, Washington, DC 20229 Treasury, Office of Field Operations,
1300 Pennsylvania Avenue NW., Phone: 202 344–2675 1300 Pennsylvania Avenue NW.,
Washington, DC 20229 Washington, DC 20229
Phone: 202 344–1959 RIN: 1505–AB39 Phone: 202 344–1959

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73631

TREAS—DO Final Rule Stage

Cynthia Reese, Senior Attorney, 2407. MERCHANDISE PROCESSING Legal Deadline: Final, Statutory,
Department of the Treasury, Room 503, FEES ELIGIBLE TO BE CLAIMED AS January 1, 2005, United States–Chile
Office of Regulations and Rulings, 1300 CERTAIN TYPES OF DRAWBACK Free Trade Agreement Implementation
Pennsylvania Avenue NW., BASED ON SUBSTITUTION OF Act.
Washington, DC 20229 FINISHED PETROLEUM DERIVATIVES Abstract: This will implement the
Phone: 202 572–8790 Priority: Substantive, Nonsignificant preferential tariff treatment and other
Legal Authority: 5 USC 301; 19 USC customs-related provisions of the Free
RIN: 1505–AB40
66; 19 USC 1202; 19 USC 1313; 19 USC Trade Agreement entered into by the
1624 United States and the Republic of
2406. TARIFF TREATMENT RELATED Chile.
CFR Citation: 19 CFR 191
TO DISASSEMBLY OPERATIONS Timetable:
UNDER THE NORTH AMERICAN FREE Legal Deadline: None
Abstract: Amendment to provide that Action Date FR Cite
TRADE AGREEMENT (NAFTA)
merchandise processing fees are eligible Interim Final Rule 12/00/04
Priority: Substantive, Nonsignificant to be claimed, in limited circumstances, Regulatory Flexibility Analysis
as drawback based on substitution of Required: No
Legal Authority: 19 USC 66; 19 USC finished petroleum derivatives.
1202; 19 USC 1624; 19 USC 3314 Amendment is consistent with a court Government Levels Affected: None
CFR Citation: 19 CFR 181 decision in which merchandise Agency Contact: Carol McDaniel,
processing fees were found to be Operations Officer, Department of the
Legal Deadline: None eligible to be claimed as unused Treasury, Office of Field Operations,
merchandise drawback. As drawback 1300 Pennsylvania Avenue NW.,
Abstract: Amendment to amend the based on substitution of finished Washington, DC 20229
Customs Regulations concerning the petroleum derivatives is, in limited Phone: 202 344–1131
North American Free Trade Agreement circumstances, treated in the same
(NAFTA) to allow components that are manner as unused merchandise Robert Abels, Operations Officer,
recovered from the disassembly of used drawback, the amendment reflects that Department of the Treasury, Office of
goods in a NAFTA country to be merchandise processing fees are also Field Operations, 1300 Pennsylvania
entitled to NAFTA originating status eligible to be claimed as drawback in Avenue NW., Washington, DC 20229
when imported into the United States, these circumstances. Phone: 202 344–1959
provided that: 1) the recovered
Timetable: RIN: 1505–AB47
components satisfy the applicable
NAFTA rules of origin requirements; Action Date FR Cite
and 2) where the applicable rule of NPRM 10/02/03 68 FR 56804 2409. UNITED STATES—SINGAPORE
origin does not include a regional value NPRM Comment 12/01/03 FREE TRADE AGREEMENT
content requirement, the components Period End
are subject to further processing in the Priority: Substantive, Nonsignificant
Final Action 11/00/04
NAFTA country beyond certain minor Regulatory Flexibility Analysis Legal Authority: 19 USC 3805 note; 19
operations. Required: No USC 1202; 19 USC 66; 19 USC 1624;
...
Timetable: Small Entities Affected: No
CFR Citation: 19 CFR 10; 19 CFR 12;
Action Date FR Cite Government Levels Affected: None 19 CFR 24; 19 CFR 163; . . .
NPRM 03/13/03 68 FR 12011 Additional Information: Transferred Legal Deadline: Final, Statutory,
from RIN 1515-AD32 January 1, 2005, U.S.–Singapore Free
NPRM Comment 05/12/03
Period End Agency Contact: William G. Rosoff, Trade Agreement Implementation Act.
Final Action 01/00/05 Chief, Duty Refund and Determination
Abstract: Amendment to implement
Branch, Department of the Treasury,
Regulatory Flexibility Analysis the preferential tariff treatment and
Office of Regulations and Rulings, 1300
Required: No other customs-related provisions of the
Pennsylvania Avenue NW.,
Free Trade Agreement entered into by
Washington, DC 20229
Government Levels Affected: None the United States and the Republic of
Phone: 202 572–8807
Singapore.
Additional Information: Transferred RIN: 1505–AB44
from RIN 1515-AD23 Timetable:
Action Date FR Cite
Agency Contact: Edward M. Leigh, 2408. UNITED STATES—CHILE FREE
Attorney, Special Classification and TRADE AGREEMENT Interim Final Rule 12/00/04
Marking Branch, Department of the Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis
Treasury, Office of Regulations and Required: No
Legal Authority: 19 USC 3805 note; 19
Rulings, 1300 Pennsylvania Avenue Government Levels Affected: None
USC 1202; 19 USC 66; 19 USC 1624;
NW., Washington, DC 20229
... Agency Contact: Carol McDaniel,
Phone: 202 572–8827
CFR Citation: 19 CFR 10; 19 CFR 12; Operations Officer, Department of the
RIN: 1505–AB41 19 CFR 24; 19 CFR 163; . . . Treasury, Office of Field Operations,

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73632 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—DO Final Rule Stage

1300 Pennsylvania Avenue NW., Robert Abels, Operations Officer, Phone: 202 344–1959
Washington, DC 20229 Department of the Treasury, Office of
Field Operations, 1300 Pennsylvania RIN: 1505–AB48
Phone: 202 344–1131
Avenue NW., Washington, DC 20229

Department of the Treasury (TREAS) Long-Term Actions


Departmental Offices (DO)

2410. POSSIBLE REGULATION OF Timetable: Next Action Undetermined Government Levels Affected: None
ACCESS TO ACCOUNTS AT Regulatory Flexibility Analysis Agency Contact: Gary W. Sutton
FINANCIAL INSTITUTIONS THROUGH Required: No Phone: 202 622–1976
PAYMENT SERVICE PROVIDERS Fax: 202 622–1974
Government Levels Affected: None
Priority: Substantive, Nonsignificant. Email: gary.sutton@do.treas.gov
Major status under 5 USC 801 is Agency Contact: Gary W. Sutton
Phone: 202 622–1976 RIN: 1505–AA85
undetermined.
Fax: 202 622–1974
CFR Citation: 31 CFR ch II Email: gary.sutton@do.treas.gov 2415. HARBOR MAINTENANCE FEE
Timetable: RIN: 1505–AA81 Priority: Substantive, Nonsignificant
Action Date FR Cite
CFR Citation: 19 CFR 4; 19 CFR 24;
ANPRM 01/08/99 64 FR 1149 2413. SECRETARY’S DETERMINATION 19 CFR 146; 19 CFR 178
ANPRM Comment 04/08/99 OF REAL ESTATE BROKERAGE
Period End Timetable:
Priority: Substantive, Nonsignificant
Next Action Undetermined Action Date FR Cite
CFR Citation: 12 CFR 1501.2
Regulatory Flexibility Analysis Interim Final Rule 03/01/87
Required: Undetermined Timetable: Effective
Government Levels Affected: None Action Date FR Cite Interim Final Rule 03/30/87 52 FR 10198
Interim Final Rule 05/29/87
Agency Contact: Donna Felmlee NPRM 01/03/01 66 FR 307 Comment Period
Phone: 202 622–1808 NPRM Comment 03/02/01 End
Period End Final Action To Be Determined
RIN: 1505–AA74 NPRM Comment 05/01/01 66 FR 12440
Period Extended Regulatory Flexibility Analysis
Next Action Undetermined Required: No
2411. FINANCIAL ACTIVITIES OF
FINANCIAL SUBSIDIARIES Regulatory Flexibility Analysis Government Levels Affected: None
Priority: Substantive, Nonsignificant Required: No Agency Contact: Deborah Thompson
Government Levels Affected: None Phone: 317 298–1200
CFR Citation: Not Yet Determined
Agency Contact: Gary W. Sutton RIN: 1505–AB11
Timetable:
Phone: 202 622–1976
Action Date FR Cite Fax: 202 622–1974
Email: gary.sutton@do.treas.gov 2416. DONATED CARGO EXEMPTION
Interim Final Rule 03/20/00 65 FR 14819 FROM HARBOR MAINTENANCE FEE
Interim Final Rule 03/14/00 RIN: 1505–AA84
Effective Priority: Substantive, Nonsignificant
Interim Final Rule 05/15/00 CFR Citation: 19 CFR 24
Comment Period 2414. SECRETARY’S DETERMINATION
End OF OTHER ACTIVITIES FINANCIAL IN Timetable:
Next Action Undetermined NATURE Action Date FR Cite
Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Interim Final Rule 01/08/92 57 FR 607
Required: No CFR Citation: 12 CFR 1501.2 Interim Final Rule 01/08/92
Government Levels Affected: None Effective
Timetable:
Interim Final Rule 03/09/92
Agency Contact: Gary W. Sutton Action Date FR Cite Comment Period
Phone: 202 622–1976 End
Fax: 202 622–1974 Interim Final Rule 01/02/01 66 FR 257
Final Action To Be Determined
Email: gary.sutton@do.treas.gov Interim Final Rule 01/02/01
Effective Regulatory Flexibility Analysis
RIN: 1505–AA80 Interim Final Rule 02/02/01 Required: No
Comment Period
End
Government Levels Affected: None
2412. FINANCIAL SUBSIDIARIES Next Action Undetermined Agency Contact: Deborah Thompson
Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Phone: 317 298–1200
CFR Citation: Not Yet Determined Required: No RIN: 1505–AB12

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73633

TREAS—DO Long-Term Actions

2417. RECONCILIATION 2418. NORTH AMERICAN FREE Action Date FR Cite


Priority: Substantive, Nonsignificant TRADE AGREEMENT (NAFTA)—
IMPLEMENTATION OF Interim Final Rule 04/01/96
CFR Citation: 19 CFR 142; 19 CFR 159 DUTY–DEFERRAL PROGRAM Comment Period
Timetable: End
PROVISIONS
Final Action To Be Determined
Action Date FR Cite Priority: Substantive, Nonsignificant
NPRM To Be Determined Regulatory Flexibility Analysis
CFR Citation: 19 CFR 181; 19 CFR 113;
19 CFR 141; 19 CFR 144; 19 CFR 10 Required: No
Regulatory Flexibility Analysis
Required: No Timetable: Government Levels Affected: None
Government Levels Affected: None Action Date FR Cite Agency Contact: Shawn Filion
Agency Contact: John Leonard Interim Final Rule 01/01/96 Phone: 716 551–3053
Phone: 202 344–2687 Effective
RIN: 1505–AB16 Interim Final Rule 01/30/96 61 FR 2908 RIN: 1505–AB17

Department of the Treasury (TREAS) Completed Actions


Departmental Offices (DO)

2419. BANK ENTERPRISE AWARD Email: bergj@cdfi.treas.gov Government Levels Affected: Federal
(BEA) PROGRAM RIN: 1505–AA92 Agency Contact: Thomas M. McGivern
Priority: Substantive, Nonsignificant Phone: 202 622–2317
CFR Citation: 12 CFR 1806 Fax: 202 622–2961
2421. AMENDMENTS TO THE
Email: tom.mcgivern@do.treas.gov
Completed: GOVERNMENT SECURITIES ACT
REGULATIONS: CUSTOMER RIN: 1505–AA97
Reason Date FR Cite
PROTECTION–RESERVES AND
Withdrawn – No 09/13/04 CUSTODY OF SECURITIES 2423. TERRORISM RISK INSURANCE
Further Action
Anticipated
Priority: Substantive, Nonsignificant PROGRAM; INITIAL CLAIMS
CFR Citation: 17 CFR 403.4 PROCEDURE REQUIREMENTS
Regulatory Flexibility Analysis
Required: No Completed: Priority: Other Significant
Small Entities Affected: No Reason Date FR Cite CFR Citation: 31 CFR 50
Government Levels Affected: None Final Action 06/14/04 69 FR 33258
Completed:
Agency Contact: Jeffrey C. Berg Regulatory Flexibility Analysis Reason Date FR Cite
Phone: 202 622–8530 Required: No Final Rule 06/29/04 69 FR 39296
Fax: 202 622–8244 Government Levels Affected: None Final Rule Effective 07/29/04
Email: bergj@cdfi.treas.gov Regulatory Flexibility Analysis
Agency Contact: Lori Santamorena
RIN: 1505–AA91 Phone: 202 504–3632 Required: No
Fax: 202 504–3639 Government Levels Affected: None
2420. COMMUNITY DEVELOPMENT Email: govsecreg@bpd.treas.gov Agency Contact: Howard Leikin
FINANCIAL INSTITUTIONS (CDFI) Phone: 202 622–6770
PROGRAM Kevin Hawkins
Phone: 202 504–3632 RIN: 1505–AB07
Priority: Substantive, Nonsignificant Fax: 202–504–3639
CFR Citation: 12 CFR 1805 Email: govsecreg@bpd.treas.gov
2424. TERRORISM RISK INSURANCE
Completed: RIN: 1505–AA94 PROGRAM; LITIGATION
Reason Date FR Cite MANAGEMENT
Interim Final Rule 05/11/04 69 FR 26260 2422. DISCLOSURE OF RECORDS IN Priority: Other Significant
Interim Final Rule 07/12/04 LITIGATION CFR Citation: 31 CFR 50
Comment Period Priority: Substantive, Nonsignificant Completed:
End
Withdrawn 09/13/04
CFR Citation: 31 CFR 1.8 to 1.12 Reason Date FR Cite
Regulatory Flexibility Analysis Completed: NPRM 05/06/04 69 FR 25341
Required: No Reason Date FR Cite Final Rule 07/28/04 69 FR 44932
Government Levels Affected: None Final Rule 09/07/04 69 FR 54002 Final Rule Effective 08/27/04

Agency Contact: Jeffrey C. Berg Final Rule Effective 09/07/04 Regulatory Flexibility Analysis
Phone: 202 622–8530 Regulatory Flexibility Analysis Required: No
Fax: 202 622–8244 Required: No Government Levels Affected: None

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73634 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—DO Completed Actions

Agency Contact: C. Christopher Agency Contact: William G. Rosoff Reason Date FR Cite
Ledoux Phone: 202 572–8807
Phone: 202 622–6813 Interim Final Rule 04/28/97
RIN: 1505–AB14 Comment Period
RIN: 1505–AB08 End
Withdrawn 09/15/04
2427. DETENTION, SEIZURE, AND
2425. TEXTILES AND TEXTILE FORFEITURE OF ‘‘BOOTLEG’’ SOUND Regulatory Flexibility Analysis
PRODUCTS SUBJECT TO TEXTILE RECORDING AND MUSIC VIDEOS OF Required: No
TRADE AGREEMENTS LIVE MUSICAL PERFORMANCES
Government Levels Affected: None
Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 12 Agency Contact: Carol McDaniel
CFR Citation: 19 CFR 12; 19 CFR 24;
Phone: 202 344–1131
Completed: 19 CFR 133
Completed: Related RIN: Related to 1515–AC62
Reason Date FR Cite
Withdrawn 09/15/04 Reason Date FR Cite RIN: 1505–AB18
Regulatory Flexibility Analysis Withdrawn 09/15/04
Required: No 2429. ENTRY OF SOFTWOOD
Regulatory Flexibility Analysis
LUMBER SHIPMENTS FROM CANADA
Government Levels Affected: None Required: No
Agency Contact: Brian Fennessy Government Levels Affected: None Priority: Substantive, Nonsignificant
Phone: 202 344–2272 CFR Citation: 19 CFR 12
Agency Contact: George F. McCray
RIN: 1505–AB13 Phone: 202 572–8709 Completed:
RIN: 1505–AB15 Reason Date FR Cite
2426. LIQUIDATION; EXTENSION;
SUSPENSION Withdrawn 09/15/04
2428. ENTRY OF SOFTWOOD
Priority: Substantive, Nonsignificant LUMBER SHIPMENTS FROM CANADA Regulatory Flexibility Analysis
CFR Citation: 19 CFR 159 Required: No
Priority: Substantive, Nonsignificant
Completed: Government Levels Affected: None
CFR Citation: 19 CFR 12; 19 CFR 113
Reason Date FR Cite Completed: Agency Contact: Carol McDaniel
Withdrawn 09/15/04
Phone: 202 344–1131
Reason Date FR Cite
Regulatory Flexibility Analysis Related RIN: Related to 1505–AB18
Interim Final Rule 02/26/97 62 FR 8620
Required: No Interim Final Rule 02/26/97 RIN: 1505–AB23
Government Levels Affected: None Effective BILLING CODE 4810–25–S

Department of the Treasury (TREAS) Prerule Stage


Financial Crimes Enforcement Network (FINCEN)

2430. CUSTOMER IDENTIFICATION an account, to the extent reasonable Regulatory Flexibility Analysis
PROGRAMS FOR PAWN BROKERS and practicable; maintain records of the Required: Undetermined
Priority: Substantive, Nonsignificant information used to verify the person’s
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: Office of the Chief
CFR Citation: Not Yet Determined or suspected terrorists or terrorist Counsel, Department of the Treasury,
organizations provided to them by any Financial Crimes Enforcement Network,
Legal Deadline: None Government agency. P.O. Box 39, Vienna, VA 22183
Abstract: This regulation will require Timetable: Phone: 703 905–3590
pawn brokers to adopt and implement Fax: 703 905–3735
reasonable procedures to verify the Action Date FR Cite
identity of any person seeking to open ANPRM 06/00/05 RIN: 1506–AA39

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73635

Department of the Treasury (TREAS) Proposed Rule Stage


Financial Crimes Enforcement Network (FINCEN)

2431. AMENDMENT TO THE BANK Regulatory Flexibility Analysis seeking to open an account, to the
SECRECY ACT REGULATIONS— Required: Undetermined extent reasonable and practicable;
DELEGATION OF AUTHORITY TO Government Levels Affected: None maintain records of the information
ASSESS CIVIL MONEY PENALTIES used to verify the person’s identity; and
ON DEPOSITORY INSTITUTIONS Agency Contact: Office of the Chief determine whether the person appears
Counsel, Department of the Treasury, on any lists of known or suspected
Priority: Substantive, Nonsignificant Financial Crimes Enforcement Network, terrorists or terrorist organizations
Legal Authority: 31 USC 5321(e), Bank P.O. Box 39, Vienna, VA 22183 provided to them by any Government
Secrecy Act Phone: 703 905–3590 agency.
CFR Citation: 31 CFR 103 Fax: 703 905–3735
Timetable:
Legal Deadline: None RIN: 1506–AA38
Action Date FR Cite
Abstract: This notice of proposed
rulemaking proposes to delegate to the 2433. CUSTOMER IDENTIFICATION ANPRM 02/24/03 68 FR 8568
appropriate Federal banking regulatory PROGRAMS FOR LOAN AND ANPRM Comment 04/10/03
Period End
agencies the authority to assess civil FINANCE COMPANIES
NPRM 06/00/05
money penalties on depository Priority: Substantive, Nonsignificant
institutions for violations of the Bank Regulatory Flexibility Analysis
Secrecy Act. The regulation would Legal Authority: PL 107–56, sec 326 Required: Undetermined
prescribe the parameters of the CFR Citation: Not Yet Determined Government Levels Affected: None
delegated authority. Legal Deadline: None
Timetable: Agency Contact: Office of the Chief
Abstract: This regulation will require Counsel, Department of the Treasury,
Action Date FR Cite loan and finance companies to adopt Financial Crimes Enforcement Network,
NPRM 06/00/05 and implement reasonable procedures P.O. Box 39, Vienna, VA 22183
to verify the identity of any person Phone: 703 905–3590
Regulatory Flexibility Analysis seeking to open an account, to the Fax: 703 905–3735
Required: No extent reasonable and practicable;
Government Levels Affected: Federal maintain records of the information RIN: 1506–AA41
Agency Contact: Office of the Chief used to verify the person’s identity; and
Counsel, Department of the Treasury, determine whether the person appears 2435. AMENDMENTS TO THE BANK
Financial Crimes Enforcement Network, on any lists of known or suspected SECRECY ACT REGULATIONS—
P.O. Box 39, Vienna, VA 22183 terrorists or terrorist organizations ANTI–MONEY LAUNDERING
Phone: 703 905–3590 provided to them by any Government PROGRAMS FOR TRAVEL AGENCIES
Fax: 703 905–3735 agency.
Priority: Substantive, Nonsignificant
RIN: 1506–AA08 Timetable:
Legal Authority: 31 USC 5316(h)
Action Date FR Cite
CFR Citation: 31 CFR 103.65; 31 CFR
2432. CUSTOMER IDENTIFICATION NPRM 06/00/05 103.66; 31 CFR 103.67
PROGRAMS FOR TRAVEL AGENTS Regulatory Flexibility Analysis Legal Deadline: Final, Statutory, April
Priority: Substantive, Nonsignificant Required: Undetermined 24, 2002, PL 107–56, sec 352.
Legal Authority: PL 107–56, sec 326 Government Levels Affected: None
Abstract: FinCEN will issue a series of
CFR Citation: Not Yet Determined Agency Contact: Office of the Chief regulations regarding anti-money
Legal Deadline: None Counsel, Department of the Treasury, laundering program requirements for
Financial Crimes Enforcement Network, travel agencies, as defined in the Bank
Abstract: This regulation will require P.O. Box 39, Vienna, VA 22183
travel agents to adopt and implement Secrecy Act.
Phone: 703 905–3590
reasonable procedures to verify the Fax: 703 905–3735 Timetable:
identity of any person seeking to open Action Date FR Cite
an account, to the extent reasonable RIN: 1506–AA40
and practicable; maintain records of the NPRM 06/00/05
information used to verify the person’s 2434. CUSTOMER IDENTIFICATION Regulatory Flexibility Analysis
identity; and determine whether the PROGRAMS FOR SELLERS OF Required: No
person appears on any lists of known VEHICLES
or suspected terrorists or terrorist Government Levels Affected: None
organizations provided to them by any Priority: Substantive, Nonsignificant
Agency Contact: Office of the Chief
Government agency. Legal Authority: PL 107–56, sec 326 Counsel, Department of the Treasury,
Timetable: CFR Citation: Not Yet Determined Financial Crimes Enforcement Network,
P.O. Box 39, Vienna, VA 22183
Action Date FR Cite Legal Deadline: None
Phone: 703 905–3590
ANPRM 02/24/03 68 FR 8571 Abstract: This regulation will require Fax: 703 905–3735
ANPRM Comment 04/10/03 sellers of vehicles to adopt and
Period End implement reasonable procedures to Related RIN: Split from 1506–AA28
NPRM 06/00/05 verify the identity of any person RIN: 1506–AA69

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73636 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—FINCEN Proposed Rule Stage

2436. AMENDMENTS TO THE BANK 2437. AMENDMENTS TO THE BANK 2438. AMENDMENTS TO THE BANK
SECRECY ACT REGULATIONS— SECRECY ACT REGULATIONS— SECRECY ACT REGULATIONS—
ANTI–MONEY LAUNDERING ANTI–MONEY LAUNDERING ANTI–MONEY LAUNDERING
PROGRAMS FOR LOAN AND PROGRAMS FOR PERSONS PROGRAMS FOR BUSINESSES
FINANCE COMPANIES INVOLVED IN REAL ESTATE ENGAGED IN VEHICLE SALES,
CLOSINGS AND SETTLEMENTS INCLUDING AUTOMOBILES,
Priority: Substantive, Nonsignificant AIRPLANE, AND BOAT SALES
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5316(h) Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5316(h)
CFR Citation: 31 CFR 103.65; 31 CFR Legal Authority: 31 USC 5316(h)
CFR Citation: 31 CFR 103.65; 31 CFR CFR Citation: 31 CFR 103.65; 31 CFR
103.66; 31 CFR 103.67
103.66; 31 CFR 103.67 103.66; 31 CFR 103.67
Legal Deadline: Final, Statutory, April Legal Deadline: Final, Statutory, April
24, 2002, PL 107–56, sec 352. Legal Deadline: Final, Statutory, April
24, 2002, PL 107–56, sec 352. 24, 2002, PL 107–56, sec 352.
Abstract: FinCEN will issue a series of Abstract: FinCEN will issue a series of Abstract: FinCEN will issue a series of
regulations regarding anti-money regulations regarding anti-money regulations regarding anti-money
laundering program requirements for laundering program requirements for laundering program requirements for
loan and finance companies, as defined persons involved in real estate closings businesses engaged in vehicle sales,
in the Bank Secrecy Act. and settlements, as defined in the Bank including automobile, airplane, and
Secrecy Act. boat sales, as defined in the Bank
Timetable:
Secrecy Act.
Action Date FR Cite Timetable:
Timetable:
Action Date FR Cite
NPRM 06/00/05 Action Date FR Cite
NPRM 06/00/05
Regulatory Flexibility Analysis NPRM 06/00/05
Required: No Regulatory Flexibility Analysis
Required: No Regulatory Flexibility Analysis
Government Levels Affected: None Required: No
Government Levels Affected: None
Government Levels Affected: None
Agency Contact: Office of the Chief Agency Contact: Office of the Chief
Counsel, Department of the Treasury, Agency Contact: Office of the Chief
Counsel, Department of the Treasury, Counsel, Department of the Treasury,
Financial Crimes Enforcement Network, Financial Crimes Enforcement Network,
P.O. Box 39, Vienna, VA 22183 Financial Crimes Enforcement Network,
P.O. Box 39, Vienna, VA 22183 P.O. Box 39, Vienna, VA 22183
Phone: 703 905–3590 Phone: 703 905–3590
Fax: 703 905–3735 Phone: 703 905–3590
Fax: 703 905–3735 Fax: 703 905–3735
Related RIN: Split from 1506–AA28 Related RIN: Split from 1506–AA28 Related RIN: Split from 1506–AA28
RIN: 1506–AA73 RIN: 1506–AA79 RIN: 1506–AA80

Department of the Treasury (TREAS) Final Rule Stage


Financial Crimes Enforcement Network (FINCEN)

2439. AMENDMENT TO THE BANK Timetable: 2440. AMENDMENT TO THE BANK


SECRECY ACT REGULATIONS Action Date FR Cite
SECRECY ACT REGULATIONS—
REGARDING REPORTING OF EXEMPTIONS FROM THE
CROSS–BORDER TRANSPORTATION NPRM 01/22/97 62 FR 3249 REQUIREMENT TO REPORT
OF CERTAIN MONETARY NPRM Comment 04/22/97 TRANSACTIONS IN CURRENCY
Period End
INSTRUMENTS Priority: Substantive, Nonsignificant
Final Action 06/00/05
Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Legal Authority: 12 USC 1829b; 12
Required: No USC 1951 to 1959; 31 USC 5311 to
Legal Authority: 31 USC 5312(a)(3), 5330
Bank Secrecy Act Government Levels Affected: None CFR Citation: 31 CFR 103
CFR Citation: 31 CFR 103 Agency Contact: Office of the Chief Legal Deadline: None
Counsel, Department of the Treasury,
Legal Deadline: None Abstract: This document contains an
Financial Crimes Enforcement Network,
P.O. Box 39, Vienna, VA 22183 interim final rule that further reforms
Abstract: This rule will require
Phone: 703 905–3590 and simplifies the process by which
reporting of cross-border transportation depository institutions may exempt
of certain negotiable instruments. Fax: 703 905–3735
transactions of retail and other
RIN: 1506–AA15 businesses from the requirement to

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73637

TREAS—FINCEN Final Rule Stage

report transactions in currency in Regulatory Flexibility Analysis Phone: 703 905–3590


excess of $10,000. The interim final Required: No Fax: 703 905–3735
rule is part of a continuing program to Government Levels Affected: None RIN: 1506–AA29
reduce unnecessary burdens upon
financial institutions complying with Agency Contact: Office of the Chief
the Bank Secrecy Act and increase the Counsel, Department of the Treasury, 2443. CUSTOMER IDENTIFICATION
cost-effectiveness of the counter-money Financial Crimes Enforcement Network, PROGRAMS FOR BANKS, SAVINGS
laundering policies of the Department P.O. Box 39, Vienna, VA 22183 ASSOCIATIONS, AND CREDIT UNIONS
of the Treasury. Phone: 703 905–3590
Fax: 703 905–3735 Priority: Substantive, Nonsignificant
Timetable: Legal Authority: 31 USC 5318(l)
RIN: 1506–AA25
Action Date FR Cite CFR Citation: 31 CFR 103.121
Interim Final Rule 07/28/00 65 FR 46356 Legal Deadline: Final, Statutory,
2442. DUE DILIGENCE
Interim Final Rule 07/31/00 October 25, 2002, Public Law 107–56,
Effective
REQUIREMENTS FOR
CORRESPONDENT ACCOUNTS AND sec 352.
Interim Final Rule 09/26/00
Comment Period PRIVATE BANKING ACCOUNTS Abstract: This notice of proposed
End Priority: Substantive, Nonsignificant rulemaking proposes to require banks,
Final Action 06/00/05 savings associations, and credit unions
Legal Authority: 31 USC 5318(i)
to establish written customer
Regulatory Flexibility Analysis
CFR Citation: 31 CFR 103.175 to identification programs.
Required: No
103.178
Timetable:
Small Entities Affected: No Legal Deadline: Final, Statutory, July
Action Date FR Cite
Government Levels Affected: None 23, 2002, Public Law 107–56, sec 312.
NPRM 07/23/02 67 FR 48290
Agency Contact: Office of the Chief Abstract: Section 5318(i) of 31 U.S.C.,
NPRM Comment 09/06/02
Counsel, Department of the Treasury, added by section 312 of the Uniting Period End
Financial Crimes Enforcement Network, and Strengthening America by NPRM 05/09/03 68 FR 25163
P.O. Box 39, Vienna, VA 22183 Providing Appropriate Tools Required Final Action 05/09/03 68 FR 25090
Phone: 703 905–3590 to Intercept and Obstruct Terrorism Act NPRM Comment 06/23/03
Fax: 703 905–3735 (USA PATRIOT Act) of 2001, requires Period End
U.S. financial institutions to establish Final Action 06/00/05
RIN: 1506–AA23
due diligence policies, procedures, and
controls reasonably designed to detect Regulatory Flexibility Analysis
2441. AMENDMENT TO THE BANK and report money laundering through Required: No
SECRECY ACT REGULATIONS— correspondent accounts and private Government Levels Affected: None
REQUIREMENT THAT NONFINANCIAL banking accounts that U.S. financial
Agency Contact: Office of the Chief
TRADES OR BUSINESSES REPORT institutions establish or maintain for
Counsel, Department of the Treasury,
CERTAIN CURRENCY non-U.S. persons. Section 312 takes
Financial Crimes Enforcement Network,
TRANSACTIONS effect on July 23, 2002, whether or not
P.O. Box 39, Vienna, VA 22183
Treasury has issued a final rule
Priority: Substantive, Nonsignificant Phone: 703 905–3590
implementing that provision.
Fax: 703 905–3735
Legal Authority: 12 USC 1829b; 12
Timetable:
USC 1951 to 1959; 31 USC 5311 et seq; RIN: 1506–AA31
PL 107–56 Action Date FR Cite
CFR Citation: 31 CFR 103.30 NPRM 05/30/02 67 FR 37736 2444. FINANCIAL CRIMES
NPRM Comment 07/01/02 ENFORCEMENT NETWORK;
Legal Deadline: Final, Statutory, April Period End
26, 2002, Interim final rule published AMENDMENT TO THE BANK
Interim Final Rule 07/23/02 67 FR 48347 SECRECY ACT REGULATIONS
December 31, 2001. Interim Final Rule 07/23/02 REQUIREMENT THAT INSURANCE
Abstract: This document contains an Effective COMPANIES REPORT SUSPICIOUS
interim final rule amending the Bank Interim Final Rule 08/22/02 TRANSACTIONS
Secrecy Act regulations to require Comment Period
End Priority: Substantive, Nonsignificant
certain persons to report currency
Final Action 12/00/04
received in the course of their trade or Legal Authority: 12 USC 1829b; 12
business. Regulatory Flexibility Analysis USC 1951 to 1959; 31 USC 5311 to
Required: No 5332
Timetable:
Small Entities Affected: No CFR Citation: 31 CFR 103.16
Action Date FR Cite
Government Levels Affected: None Legal Deadline: None
NPRM 12/31/01 66 FR 67685
Interim Final Rule 12/31/01 66 FR 67680 Agency Contact: Office of the Chief Abstract: This document will require
NPRM Comment 03/01/02 Counsel, Department of the Treasury, insurance companies to report
Period End Financial Crimes Enforcement Network, suspicious transactions to the
Final Action 06/00/05 P.O. Box 39, Vienna, VA 22183 Department of the Treasury. The

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73638 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—FINCEN Final Rule Stage

amendments constitute a further step in Regulatory Flexibility Analysis structure of the Department of the
the creation of a comprehensive system Required: No Treasury.
for the reporting of suspicious Government Levels Affected: None
transactions by the major categories of Timetable:
financial institutions operating in the Agency Contact: Office of the Chief
Action Date FR Cite
United States as a part of the counter- Counsel, Department of the Treasury,
Financial Crimes Enforcement Network, Final Action 06/00/05
money laundering program of the
Department of the Treasury. P.O. Box 39, Vienna, VA 22183
Phone: 703 905–3590 Regulatory Flexibility Analysis
Timetable: Fax: 703 905–3735 Required: No
Action Date FR Cite RIN: 1506–AA37 Small Entities Affected: No
NPRM 10/17/02 67 FR 64067 Government Levels Affected: None
NPRM Comment 12/16/02 2446. IMPOSITION OF SPECIAL
Period End MEASURES AGAINST THE COUNTRY Agency Contact: Office of the Chief
Final Action 12/00/04 OF NAURU Counsel, Department of the Treasury,
Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Financial Crimes Enforcement Network,
Required: No P.O. Box 39, Vienna, VA 22183
Legal Authority: PL 107–56, sec 311; Phone: 703 905–3590
Government Levels Affected: None 31 USC 5318A Fax: 703 905–3735
Agency Contact: Office of the Chief CFR Citation: 31 CFR 103.184
RIN: 1506–AA61
Counsel, Department of the Treasury, Legal Deadline: None
Financial Crimes Enforcement Network, Abstract: This rule will impose
P.O. Box 39, Vienna, VA 22183 ‘‘special measures’’ against Nauru. 2448. IMPOSITION OF SPECIAL
Phone: 703 905–3590 Nauru was previously designated as a MEASURES AGAINST THE
Fax: 703 905–3735 country of primary money laundering COMMERCIAL BANK OF SYRIA AS A
RIN: 1506–AA36 concern pursuant to section 311 of the FINANCIAL INSTITUTION OF PRIMARY
USA PATRIOT Act on December 20, MONEY LAUNDERING CONCERN
2002, a prerequisite for the imposition Priority: Substantive, Nonsignificant
2445. AMENDMENT TO THE BANK of special measures.
SECRECY ACT REGULATIONS— Legal Authority: 31 USC 5318A
REQUIREMENT THAT MUTUAL Timetable:
FUNDS REPORT SUSPICIOUS Action Date FR Cite CFR Citation: 31 CFR 103.188
TRANSACTIONS NPRM 04/17/03 68 FR 18914
Legal Deadline: None
Priority: Substantive, Nonsignificant NPRM Comment 05/19/03
Period End Abstract: This document will prohibit
Legal Authority: 12 USC 1829b; 12 Final Action 06/00/05
USC 1951 to 1959; 31 USC 5311 to certain U.S. financial institutions from
5331; PL 107–56 Regulatory Flexibility Analysis maintaining correspondent or payable-
Required: No through accounts in the United States
CFR Citation: 31 CFR 103.15 Government Levels Affected: None for, or on behalf of, a foreign bank
Legal Deadline: None determined to be of primary money
Agency Contact: Office of the Chief laundering concern.
Abstract: This document contains an Counsel, Department of the Treasury,
amendment to the regulations Financial Crimes Enforcement Network, Timetable:
implementing the statute generally P.O. Box 39, Vienna, VA 22183
Action Date FR Cite
known as the Bank Secrecy Act. The Phone: 703 905–3590
amendment would require mutual Fax: 703 905–3735 NPRM 05/18/04 69 FR 28098
funds to report suspicious transactions RIN: 1506–AA43 NPRM Comment 06/17/04
to the Department of the Treasury. The Period End
amendment constitutes a further step in Final Action 06/00/05
the creation of a comprehensive system 2447. FINANCIAL CRIMES
ENFORCEMENT; AMENDMENTS TO Regulatory Flexibility Analysis
for the reporting of suspicious Required: No
transactions by the major categories of THE BANK SECRECY ACT
financial institutions operating in the REGULATIONS—NOMENCLATURE
Small Entities Affected: No
United States, as part of the counter- CHANGES
money laundering program of the Priority: Info./Admin./Other. Major Government Levels Affected: None
Department of the Treasury. status under 5 USC 801 is
undetermined. Agency Contact: Office of the Chief
Timetable: Counsel, Department of the Treasury,
Legal Authority: 31 USC 5318 et seq Financial Crimes Enforcement Network,
Action Date FR Cite
CFR Citation: 31 CFR 103 P.O. Box 39, Vienna, VA 22183
NPRM 01/21/03 68 FR 2716 Phone: 703 905–3590
NPRM Comment 03/24/03
Legal Deadline: None
Fax: 703 905–3735
Period End Abstract: This document amends 31
Final Action 01/00/05 CFR part 103 to reflect changes to the RIN: 1506–AA64

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73639

TREAS—FINCEN Final Rule Stage

2449. IMPOSITION OF SPECIAL Action Date FR Cite CFR Citation: 31 CFR 103.65; 31 CFR
MEASURE AGAINST FIRST 103.66; 31 CFR 103.67
MERCHANT BANK OSH LTD, INCL. NPRM Comment 09/23/04
Period End Legal Deadline: Final, Statutory, April
ITS SUBSIDIARIES, FMB FINANCE
Final Action 06/00/05 24, 2002, PL 107–56, sec 352.
LTD, FIRST MERCHANT
INTERNATIONAL INC, FIRST Regulatory Flexibility Analysis Abstract: FinCEN will issue a series of
MERCHANT FINANCE LTD, AND Required: No regulations regarding anti-money
FIRST MERCHANT TRUST LTD laundering program requirements for
Small Entities Affected: No
Priority: Substantive, Nonsignificant. insurance companies, as defined in the
Government Levels Affected: None Bank Secrecy Act.
Major status under 5 USC 801 is
undetermined. Agency Contact: Office of the Chief Timetable:
Counsel, Department of the Treasury,
Legal Authority: 31 USC 5318A Action Date FR Cite
Financial Crimes Enforcement Network,
CFR Citation: 31 CFR 103.189 P.O. Box 39, Vienna, VA 22183 Final Action 12/00/04
Legal Deadline: None Phone: 703 905–3590 Regulatory Flexibility Analysis
Fax: 703 905–3735 Required: No
Abstract: This document will prohibit
certain U.S. financial institutions from RIN: 1506–AA67
Government Levels Affected: None
maintaining correspondent or payable-
through accounts in the United States Agency Contact: Office of the Chief
2451. AMENDMENTS TO THE BANK Counsel, Department of the Treasury,
for, or on behalf of, a foreign bank
SECRECY ACT REGULATIONS— Financial Crimes Enforcement Network,
determined to be of primary money
ANTI–MONEY LAUNDERING P.O. Box 39, Vienna, VA 22183
laundering concern.
PROGRAMS FOR MUTUAL FUNDS Phone: 703 905–3590
Timetable:
Priority: Substantive, Nonsignificant. Fax: 703 905–3735
Action Date FR Cite Major status under 5 USC 801 is Related RIN: Split from 1506–AA28
NPRM 08/24/04 69 FR 51979 undetermined.
NPRM Comment 09/23/04 RIN: 1506–AA70
Legal Authority: 31 USC 5316(h)
Period End
Final Action 06/00/05 CFR Citation: 31 CFR 103.65; 31 CFR
103.66; 31 CFR 103.67 2453. AMENDMENTS TO THE BANK
Regulatory Flexibility Analysis SECRECY ACT REGULATIONS—
Required: No Legal Deadline: Final, Statutory, April ANTI–MONEY LAUNDERING
24, 2002, PL 107–56, sec 352. PROGRAMS FOR INVESTMENT
Small Entities Affected: No
Abstract: FinCEN will issue a series of ADVISORS
Government Levels Affected: None
regulations regarding anti-money Priority: Substantive, Nonsignificant
Agency Contact: Office of the Chief laundering program requirements for
Counsel, Department of the Treasury, mutual funds, as defined in the Bank Legal Authority: 31 USC 5316(h)
Financial Crimes Enforcement Network, Secrecy Act. CFR Citation: 31 CFR 103.65; 31 CFR
P.O. Box 39, Vienna, VA 22183 103.66; 31 CFR 103.67
Timetable:
Phone: 703 905–3590
Fax: 703 905–3735 Action Date FR Cite Legal Deadline: Final, Statutory, April
24, 2002, PL 107–56, sec 352.
RIN: 1506–AA65 Final Action 06/00/05
Abstract: FinCEN will issue a series of
Regulatory Flexibility Analysis
regulations regarding anti-money
2450. IMPOSITION OF SPECIAL Required: No
laundering program requirements for
MEASURE AGAINST INFOBANK AS A Government Levels Affected: None investment advisors, as defined in the
FINANCIAL INSTITUTION OF PRIMARY Bank Secrecy Act.
MONEY LAUNDERING CONCERN Agency Contact: Office of the Chief
Counsel, Department of the Treasury, Timetable:
Priority: Substantive, Nonsignificant Financial Crimes Enforcement Network,
Action Date FR Cite
Legal Authority: 31 USC 5318A P.O. Box 39, Vienna, VA 22183
CFR Citation: 31 CFR 103.190 Phone: 703 905–3590 Final Action 06/00/05
Fax: 703 905–3735 Regulatory Flexibility Analysis
Legal Deadline: None
Related RIN: Split from 1506–AA28 Required: No
Abstract: This document will prohibit
certain U.S. financial institutions from RIN: 1506–AA68 Government Levels Affected: None
maintaining correspondent or payable- Agency Contact: Office of the Chief
through accounts in the United States 2452. AMENDMENTS TO THE BANK Counsel, Department of the Treasury,
for, or on behalf of, a foreign financial SECRECY ACT REGULATIONS— Financial Crimes Enforcement Network,
institution determined to be of primary ANTI–MONEY LAUNDERING P.O. Box 39, Vienna, VA 22183
money laundering concern. PROGRAMS FOR INSURANCE Phone: 703 905–3590
Timetable: COMPANIES Fax: 703 905–3735
Action Date FR Cite Priority: Substantive, Nonsignificant Related RIN: Split from 1506–AA28
NPRM 08/24/04 69 FR 51973 Legal Authority: 31 USC 5316(h) RIN: 1506–AA71

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73640 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—FINCEN Final Rule Stage

2454. AMENDMENTS TO THE BANK Financial Crimes Enforcement Network, Timetable:


SECRECY ACT REGULATIONS— P.O. Box 39, Vienna, VA 22183 Action Date FR Cite
ANTI–MONEY LAUNDERING Phone: 703 905–3590
PROGRAMS FOR FINANCIAL Fax: 703 905–3735 Final Action 06/00/05
INSTITUTIONS Regulatory Flexibility Analysis
Related RIN: Split from 1506–AA28
Priority: Substantive, Nonsignificant Required: No
RIN: 1506–AA74
Legal Authority: 31 USC 5316(h) Government Levels Affected: None
CFR Citation: 31 CFR 103.65; 31 CFR Agency Contact: Office of the Chief
2456. AMENDMENTS TO THE BANK Counsel, Department of the Treasury,
103.66; 31 CFR 103.67 SECRECY ACT REGULATIONS— Financial Crimes Enforcement Network,
Legal Deadline: Final, Statutory, April ANTI–MONEY LAUNDERING P.O. Box 39, Vienna, VA 22183
24, 2002, PL 107–56, sec 352. PROGRAMS FOR COMMODITY Phone: 703 905–3590
Abstract: FinCEN will issue a series of TRADING ADVISORS Fax: 703 905–3735
regulations regarding anti-money Priority: Substantive, Nonsignificant Related RIN: Split from 1506–AA28
laundering program requirements for
financial institutions, as defined in the Legal Authority: 31 USC 5316(h) RIN: 1506–AA76
Bank Secrecy Act. CFR Citation: 31 CFR 103.65; 31 CFR
Timetable: 103.66; 31 CFR 103.67 2458. AMENDMENTS TO THE BANK
Action Date FR Cite Legal Deadline: Final, Statutory, April SECRECY ACT REGULATIONS—
24, 2002, PL 107–56, sec 352. ANTI–MONEY LAUNDERING
Final Action 06/00/05 PROGRAMS FOR UNREGISTERED
Regulatory Flexibility Analysis Abstract: FinCEN will issue a series of INVESTMENT COMPANIES
Required: No regulations regarding anti-money
laundering program requirements for Priority: Substantive, Nonsignificant
Government Levels Affected: None commodity trading advisors, as defined Legal Authority: 31 USC 5316(h)
Agency Contact: Office of the Chief in the Bank Secrecy Act. CFR Citation: 31 CFR 103.65; 31 CFR
Counsel, Department of the Treasury, Timetable: 103.66; 31 CFR 103.67
Financial Crimes Enforcement Network,
P.O. Box 39, Vienna, VA 22183 Action Date FR Cite Legal Deadline: Final, Statutory, April
Phone: 703 905–3590 24, 2002, PL 107–56, sec 352.
Final Action 06/00/05
Fax: 703 905–3735 Abstract: FinCEN will issue a series of
Regulatory Flexibility Analysis regulations regarding anti-money
Related RIN: Split from 1506–AA28 Required: No laundering program requirements for
RIN: 1506–AA72 Government Levels Affected: None unregistered investment companies, as
defined in the Bank Secrecy Act.
Agency Contact: Office of the Chief
2455. AMENDMENTS TO THE BANK Counsel, Department of the Treasury, Timetable:
SECRECY ACT REGULATIONS— Financial Crimes Enforcement Network, Action Date FR Cite
ANTI–MONEY LAUNDERING P.O. Box 39, Vienna, VA 22183
PROGRAMS FOR MONEY SERVICES Phone: 703 905–3590 Final Action 06/00/05
BUSINESSES Fax: 703 905–3735 Regulatory Flexibility Analysis
Priority: Substantive, Nonsignificant Required: No
Related RIN: Split from 1506–AA28
Legal Authority: 31 USC 5316(h) Government Levels Affected: None
RIN: 1506–AA75
CFR Citation: 31 CFR 103.65; 31 CFR Agency Contact: Office of the Chief
103.66; 31 CFR 103.67 Counsel, Department of the Treasury,
2457. AMENDMENTS TO THE BANK Financial Crimes Enforcement Network,
Legal Deadline: Final, Statutory, April SECRECY ACT REGULATIONS—
24, 2002, PL 107–56, sec 352. P.O. Box 39, Vienna, VA 22183
ANTI–MONEY LAUNDERING Phone: 703 905–3590
Abstract: FinCEN will issue a series of PROGRAMS FOR OPERATORS OF A Fax: 703 905–3735
regulations regarding anti-money CREDIT CARD SYSTEM
laundering program requirements for Related RIN: Split from 1506–AA28,
Priority: Substantive, Nonsignificant Previously reported as 1506–AA57
money services businesses, as defined
in the Bank Secrecy Act. Legal Authority: 31 USC 5316(h) RIN: 1506–AA77
Timetable: CFR Citation: 31 CFR 103.65; 31 CFR
103.66; 31 CFR 103.67 2459. AMENDMENTS TO THE BANK
Action Date FR Cite
Legal Deadline: Final, Statutory, April SECRECY ACT REGULATIONS—
Final Action 06/00/05 ANTI–MONEY LAUNDERING
24, 2002, PL 107–56, sec 352.
Regulatory Flexibility Analysis PROGRAMS FOR DEALERS IN
Required: No Abstract: FinCEN will issue a series of PRECIOUS METALS, STONES, OR
regulations regarding anti-money JEWELS
Government Levels Affected: None laundering program requirements for
Agency Contact: Office of the Chief operators of a credit card system, as Priority: Substantive, Nonsignificant
Counsel, Department of the Treasury, defined in the Bank Secrecy Act. Legal Authority: 31 USC 5316(h)

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TREAS—FINCEN Final Rule Stage

CFR Citation: 31 CFR 103.65; 31 CFR jewels, as defined in the Bank Secrecy Agency Contact: Office of the Chief
103.66; 31 CFR 103.67 Act. Counsel, Department of the Treasury,
Timetable: Financial Crimes Enforcement Network,
Legal Deadline: Final, Statutory, April P.O. Box 39, Vienna, VA 22183
24, 2002, PL 107–56, sec 352. Action Date FR Cite
Phone: 703 905–3590
Final Action 06/00/05 Fax: 703 905–3735
Abstract: FinCEN will issue a series of
regulations regarding anti-money Regulatory Flexibility Analysis
Required: No Related RIN: Split from 1506–AA28
laundering program requirements for
dealers in precious metals, stones, or Government Levels Affected: None RIN: 1506–AA78

Department of the Treasury (TREAS) Long-Term Actions


Financial Crimes Enforcement Network (FINCEN)

2460. AMENDMENTS TO THE BANK Timetable: Government Levels Affected: None


SECRECY ACT REGULATIONS— Action Date FR Cite
SPECIAL REPORTING AND Agency Contact: Office of the Chief
RECORDKEEPING REQUIREMENTS— NPRM 05/21/97 62 FR 27909 Counsel
MONEY SERVICES BUSINESSES NPRM Comment 09/30/97 Phone: 703 905–3590
(MSBS) Period End Fax: 703 905–3735
Final Action To Be Determined
Priority: Substantive, Nonsignificant RIN: 1506–AA19
Regulatory Flexibility Analysis
CFR Citation: 31 CFR 103 Required: Undetermined BILLING CODE 4820–02–S

Department of the Treasury (TREAS) Proposed Rule Stage


Financial Management Service (FMS)

2461. 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 Action Date FR Cite
with the language of the revisions to
3328; 31 USC 3331; 31 USC 3343; 31
the definitions in 31 CFR part 240. NPRM 01/00/05
USC 3702; 31 USC 3712
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
the issuance of replacement checks for nonreceipt where the original check has
been fraudulently negotiated. The Fund Agency Contact: Ella White, Program
checks drawn on the United States Analyst, Department of the Treasury,
Treasury when: 1) the original check ensures that innocent payees, whose
Treasury checks have been fraudulently Financial Management Service, Room
has been lost, stolen, destroyed or 8D25, 3700 East–West Highway,
mutilated or defaced to such an extent cashed, receive replacement checks in
Hyattsville, MD 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: ella.white@fms.treas.gov
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

Department of the Treasury (TREAS) Final Rule Stage


Financial Management Service (FMS)

2462. PAYMENTS UNDER JUDGMENT Legal Deadline: None process. This regulation currently
AND PRIVATE RELIEF ACTS describes a process that involves the
Abstract: This regulation governs the General Accounting Office (GAO) and
Priority: Substantive, Nonsignificant procedures for securing payment for the Treasury Department. The revision
money judgments against the United will remove the GAO from this
Legal Authority: PL 104–53; PL States. The proposed revision will
104–316; 28 USC 2414; 28 USC 2517; description to reflect legislative
update these procedures. This revision amendments that effect this change.
31 USC 1304
will benefit claimants and others in Also, the regulation currently identifies
CFR Citation: 31 CFR 256 understanding the judgment payment monetary thresholds that no longer

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73642 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—FMS Final Rule Stage

exist. The change will reflect the Email: gerald.isenberg@fms.treas.gov Management Service, Department of the
removal of these monetary limitations. RIN: 1510–AA65 Treasury, Financial Management
These revisions will make the Service, 401 14th Street SW.,
regulation consistent with current Washington, DC 20227
procedures for securing payment of 2464. SALARY OFFSET Phone: 202 874–6804
money judgments against the United Priority: Substantive, Nonsignificant Email: gerald.isenberg@fms.treas.gov
States. RIN: 1510–AA78
Legal Authority: 5 USC 5514
Timetable:
CFR Citation: 31 CFR 285.7
Action Date FR Cite 2466. FEDERAL CLAIMS COLLECTION
Legal Deadline: None
NPRM 01/08/96 61 FR 552 STANDARD—COLLECTION BY
Abstract: This rule governs the INSTALLMENTS
NPRM Comment 02/07/96
Period End centralized computer matching of
Federal employee records for purposes Priority: Substantive, Nonsignificant
Final Action 01/00/05
of salary offset to collect nontax Legal Authority: 31 USC 3711; 31 USC
Regulatory Flexibility Analysis delinquent debt owed the Federal 3717
Required: No Government. CFR Citation: 31 CFR 901.9
Small Entities Affected: No Timetable:
Legal Deadline: None
Government Levels Affected: Federal Action Date FR Cite
Abstract: Section 901.9, paragraph (f)
Agency Contact: Vivian Cooper, Interim Final Rule 04/28/98 63 FR 23353 is being modified to state that when
Director, Financial Accounting and Final Action 04/00/05 an administrative charge is being paid
Services Division, Department of the
Regulatory Flexibility Analysis out of amounts collected from the
Treasury, Financial Management
Required: No debtor, a partial or installment payment
Service, Room 620D, 3700 East–West
on a debt should be applied to that
Highway, Hyattsville, MD 20782 Government Levels Affected: Federal charge first, then to penalties, other
Phone: 202 874–8380
Agency Contact: Gerry Isenberg, administrative charges, interest, and
Email: vivian.cooper@fms.treas.gov
Financial Program Specialist, Debt principal.
RIN: 1510–AA52 Management Service, Department of the Timetable:
Treasury, Financial Management
Service, Room 44AB, 401 14th Street Action Date FR Cite
2463. OFFSET OF FEDERAL
PAYMENTS (OTHER THAN TAX SW., Washington, DC 20227 Interim Final Rule 02/00/05
REFUND AND FEDERAL BENEFIT Phone: 202 874–7131
Fax: 202 874–7494 Regulatory Flexibility Analysis
PAYMENTS) TO COLLECT PAST–DUE, Required: No
LEGALLY ENFORCEABLE NONTAX Email: gerald.isenberg@fms.treas.gov
DEBT RIN: 1510–AA70 Small Entities Affected: No
Priority: Substantive, Nonsignificant Government Levels Affected: Federal,
Local, State, Tribal
Legal Authority: 31 USC 321; 31 USC 2465. OFFSET OF TAX REFUND
3716 PAYMENT TO COLLECT STATE Agency Contact: Gerry Isenberg,
INCOME TAX OBLIGATIONS Financial Program Specialist, Debt
CFR Citation: 31 CFR 285.5 Management Service, Department of the
Priority: Substantive, Nonsignificant
Legal Deadline: None Treasury, Financial Management
Legal Authority: 26 USC 6402(e) Service, Room 44AB, 401 14th Street
Abstract: This rule governs the
administrative offset of Federal CFR Citation: 31 CFR 285.8 SW., Washington, DC 20227
payments by disbursing officials of the Phone: 202 874–7131
Legal Deadline: None Fax: 202 874–7494
United States.
Abstract: This rule governs the offset Email: gerald.isenberg@fms.treas.gov
Timetable: of Federal tax refund payments to
RIN: 1510–AA91
Action Date FR Cite collect delinquent State income taxes.
Interim Final Rule 12/26/02 67 FR 78936 Timetable:
2467. INDORSEMENT AND PAYMENT
Final Action 11/00/04 Action Date FR Cite OF CHECKS DRAWN ON THE U.S.
Regulatory Flexibility Analysis NPRM 12/20/99 64 FR 71233 TREASURY
Required: No Interim Final Rule 12/20/99 64 FR 71227 Priority: Substantive, Nonsignificant
Government Levels Affected: Federal Final Action 04/00/05
Legal Authority: 5 USC 301; 12 USC
Agency Contact: Gerry Isenberg, Regulatory Flexibility Analysis 391; 31 USC 321; 31 USC 3327; 31 USC
Financial Program Specialist, Debt Required: No 3328; 31 USC 3331; 31 USC 3334; 31
Management Service, Department of the Government Levels Affected: State, USC 3343; 31 USC 3702; 31 USC 3702
Treasury, Financial Management Federal note; 31 USC 3711; 31 USC 3712; 31
Service, Room 44AB, 401 14th Street USC 3716; 31 USC 3717
SW., Washington, DC 20227 Federalism: Undetermined
Phone: 202 874–7131 Agency Contact: Gerry Isenberg, CFR Citation: 31 CFR 240
Fax: 202 874–7494 Financial Program Specialist, Debt Legal Deadline: None

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TREAS—FMS Final Rule Stage

Abstract: The Interim Rule will amend Email: ronald.brooks@fms.treas.gov 2469. ∑ PAYMENT OF FEDERAL
31 CFR part 240 in order to permit TAXES AND THE TREASURY TAX
financial institutions to present Related RIN: Related to 1510–AA51 AND LOAN PROGRAM
Treasury checks for payment by RIN: 1510–AA99 Priority: Substantive, Nonsignificant.
providing an electronic image of the Major status under 5 USC 801 is
check in lieu of the original item. The undetermined.
rule will establish the terms and 2468. ∑ FEDERAL GOVERNMENT
conditions that will apply to the PARTICIPATION IN THE ACH Legal Authority: 12 USC 90; 12 USC
electronic image presentment of 265; 12 USC 266; 12 USC 321; 12 USC
Treasury checks. In addition, the rule Priority: Substantive, Nonsignificant 323; 12 USC 332; 12 USC 391; 12 USC
will address certain issues related to 1452(d); 12 USC 1464(k); 12 USC 1767;
Legal Authority: 5 USC 5525; 12 USC 12 USC 1789(a); 12 USC 2013; 12 USC
the presentment of substitute Treasury 391; 31 USC 321; 31 USC 3301; 31 USC
checks pursuant to the Check Clearing 2122; 12 USC 3102; 12 USC 6302; 31
3302; 31 USC 3321; 31 USC 3332; 31 USC 3301 to 3304
for the 21st Century Act, including the USC 3335; 31 USC 3720
procedures that Treasury will follow CFR Citation: 31 CFR 203
upon a breach of the Act’s substitute CFR Citation: 31 CFR 210
Legal Deadline: None
check warranties and the procedures
that will apply if the Government Legal Deadline: None Abstract: This rule includes general
incurs a loss due to the receipt of a revisions that will provide needed
Abstract: FMS reviews the private
substitute Treasury check rather than updates to support operational changes
sector ACH operating rules on a yearly
the original check. to the system used for the collection
basis and adopts, changes, or declines
of corporate withholding taxes and the
Timetable: each rule.
investment of the Government’s excess
Action Date FR Cite Timetable: operating funds, and incorporate other
needed updates.
Interim Final Rule 11/00/04 Action Date FR Cite
Timetable:
Interim Final Rule 03/00/05
Regulatory Flexibility Analysis Action Date FR Cite
Required: No Regulatory Flexibility Analysis
Interim Final Rule 11/00/04
Required: No
Small Entities Affected: No Regulatory Flexibility Analysis
Government Levels Affected: Federal Required: No
Government Levels Affected: Federal
Agency Contact: Matthew R. Friend, Government Levels Affected: None
Agency Contact: Ronald Lee Brooks, Acting Director, Settlement Services
Senior Program and Policy Analyst, Agency Contact: Laura Carrico, Acting
Division, Department of the Treasury, Director, Investment Management
Department of the Treasury, Financial Financial Management Service, 401
Management Service, Financial Division, Department of the Treasury,
14th Street SW., Washington, DC 20227 Financial Management Service, 401
Processing Division, 3700 East–West Phone: 202 874–1251
Highway, Room 7D26, Hyattsville, MD 14th Street SW., Washington, DC 20227
Fax: 202 874–8644 Phone: 202 874–7119
20782–2294 Email: matthew.friend@fms.treas.gov
Phone: 202 874–7573 Email: laura.carrico@fms.treas.gov
Fax: 202 874–2294 RIN: 1510–AB00 RIN: 1510–AB01

Department of the Treasury (TREAS) Long-Term Actions


Financial Management Service (FMS)

2470. OFFSET OF FEDERAL Phone: 202 874–7131 Phone: 202 874–7131


PAYMENTS (OTHER THAN TAX Fax: 202 874–7494 Fax: 202 874–7494
REFUND AND FEDERAL BENEFIT Email: gerald.isenberg@fms.treas.gov Email: gerald.isenberg@fms.treas.gov
PAYMENTS) TO COLLECT PAST–DUE RIN: 1510–AA66 RIN: 1510–AA72
DEBTS OWED TO STATES (OTHER
THAN CHILD SUPPORT)
2471. PUBLIC DISSEMINATION OF 2472. SURETY BOND
Priority: Substantive, Nonsignificant IDENTITY OF DELINQUENT DEBTORS REIMBURSEMENT FUND
CFR Citation: 31 CFR 285.6 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant.
Timetable: Next Action Undetermined CFR Citation: 31 CFR 285.14 Major status under 5 USC 801 is
Regulatory Flexibility Analysis Timetable: Next Action Undetermined undetermined.
Required: No CFR Citation: 31 CFR 223
Regulatory Flexibility Analysis
Government Levels Affected: State Required: No Timetable: Next Action Undetermined
Federalism: Undetermined Government Levels Affected: Federal Regulatory Flexibility Analysis
Agency Contact: Gerry Isenberg Agency Contact: Gerry Isenberg Required: Undetermined

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73644 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—FMS Long-Term Actions

Government Levels Affected: None Agency Contact: Vivian Cooper Email: vivian.cooper@fms.treas.gov
Federalism: Undetermined Phone: 202 874–8380 RIN: 1510–AA85

Department of the Treasury (TREAS) Completed Actions


Financial Management Service (FMS)

2473. FOREIGN EXCHANGE 2475. WITHHOLDING OF DISTRICT OF 2477. FEDERAL GOVERNMENT


OPERATIONS COLUMBIA, STATE, CITY, AND PARTICIPATION IN THE AUTOMATED
Priority: Substantive, Nonsignificant COUNTY INCOME, OR EMPLOYMENT CLEARING HOUSE (ACH)
TAXES BY FEDERAL AGENCIES
CFR Citation: 31 CFR 281 Priority: Substantive, Nonsignificant
Priority: Substantive, Nonsignificant
Completed: CFR Citation: 31 CFR 210
CFR Citation: 31 CFR 215
Reason Date FR Cite Completed:
Completed:
Withdrawn 09/22/04 Reason Date FR Cite
Reason Date FR Cite
Regulatory Flexibility Analysis Withdrawn 09/22/04
Required: No Withdrawn 09/22/04
Regulatory Flexibility Analysis
Government Levels Affected: Federal Regulatory Flexibility Analysis Required: No
Agency Contact: Stephen Kenneally Required: No
Small Entities Affected: No
Phone: 202 874–6799 Small Entities Affected: No
Email: stephen.kenneally@fms.treas.gov Government Levels Affected: None
Government Levels Affected: Federal,
Walt Henderson State, Local Agency Contact: Catherine McHugh
Phone: 202 874–6705 Phone: 202 874–7497
Agency Contact: Stephen Kenneally Email: catherine.mchugh@fms.treas.gov
Email: walt.henderson@fms.treas.gov Phone: 202 874–6799
RIN: 1510–AA48 Email: stephen.kenneally@fms.treas.gov RIN: 1510–AA97
RIN: 1510–AA90
2474. MANAGEMENT OF FEDERAL 2478. FEDERAL GOVERNMENT
AGENCY RECEIPTS AND PARTICIPATION IN THE AUTOMATED
2476. PAYMENT OF FEDERAL TAXES
DISBURSEMENTS; OPERATION OF CLEARING HOUSE (ACH)
AND THE TREASURY TAX AND LOAN
THE CASH MANAGEMENT PROGRAM Priority: Other Significant
IMPROVEMENT FUND
Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 210
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 203 Completed:
CFR Citation: 31 CFR 206
Completed: Completed: Reason Date FR Cite
Reason Date FR Cite Withdrawn 09/22/04
Reason Date FR Cite
Withdrawn 09/22/04 Regulatory Flexibility Analysis
Withdrawn 09/22/04
Regulatory Flexibility Analysis Required: No
Regulatory Flexibility Analysis
Required: No Required: No Small Entities Affected: No
Small Entities Affected: No Small Entities Affected: No Government Levels Affected: None
Government Levels Affected: Federal Government Levels Affected: None Agency Contact: Donald Skiles
Agency Contact: Stephen Kenneally Agency Contact: Catherine McHugh Phone: 202 874–6994
Phone: 202 874–6799 Phone: 202 874–7497 Email: donald.skiles@fms.treas.gov
Email: stephen.kenneally@fms.treas.gov Email: catherine.mchugh@fms.treas.gov RIN: 1510–AA98
RIN: 1510–AA86 RIN: 1510–AA96 BILLING CODE 4810–35–S

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73645

Department of the Treasury (TREAS) Proposed Rule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)

ALCOHOL containers that are likely to mislead Regulatory Flexibility Analysis


consumers as to the identity or Required: No
character of the distilled spirits, wine,
2479. PROHIBITION OF ALCOHOL or malt beverage products or to be Government Levels Affected: None
BEVERAGE CONTAINERS AND confused with other (nonalcohol) food Additional Information: Transferred
STANDARD OF FILL FOR DISTILLED products.
SPIRITS AND WINE from RIN 1512-AB89
Timetable:
Priority: Substantive, Nonsignificant Agency Contact: Lisa M. Gesser, TTB
Legal Authority: 27 USC 205 Action Date FR Cite Specialist, Department of the Treasury,
Alcohol and Tobacco Tax and Trade
CFR Citation: 27 CFR 4; 27 CFR 5; 27 NPRM 02/09/99 64 FR 6486
Bureau, P.O. Box 128, Morganza, MD
CFR 7 NPRM Comment 04/12/99
Period End 20660
Legal Deadline: None Phone: 301 290–1460
Revised 08/00/05
Abstract: TTB proposes to amend NPRM–Aggregate Fax: 301 290–1463
regulations to clarify the standards of Packaging Email: lisa.gesser@ttb.treas.gov
fill for distilled spirits and wine. TTB Revised 08/00/05
also proposes to amend regulations to NPRM–Deceptive RIN: 1513–AA07
prohibit certain alcohol beverage Packaging

Administrative/Procedures 2481. DETERMINATION OF TAX AND Room 200E, 1310 G Street NW.,
RECORDKEEPING ON LARGE Washington, DC 20220
CIGARS Phone: 202 927–8181
2480. ∑ AVAILABILITY OF Priority: Substantive, Nonsignificant Fax: 202 927–8525
INFORMATION Email: wade-chapman.linda@ttb.gov
Legal Authority: 27 USC 5701; 27 USC
Priority: Info./Admin./Other 5702 RIN: 1513–AA16
Legal Authority: 26 USC 6103; 5 USC CFR Citation: 27 CFR 40; 27 CFR 275
552; 5 USC 552(a) 2482. PROPOSED REVISIONS TO THE
Legal Deadline: None DISTILLED SPIRITS PLANT
CFR Citation: Not Yet Determined Abstract: This notice incorporates most REGULATIONS
Legal Deadline: None of the parts of Industry Circular 91-3, Priority: Substantive, Nonsignificant
dated March 19, 1991, entitled ‘‘Large
Abstract: TTB is revising and Cigar Taxes On and After January, Legal Authority: 26 USC 7805
consolidating in one new part of its 1991’’ that have not been placed in the CFR Citation: 27 CFR 19
regulations all regulatory provisions regulations. Industry Circular 91-3
Legal Deadline: None
that deal with the availability of addressed questions about determining
information. This new part will include the amount of tax for large cigars based Abstract: TTB is proposing to amend
rules regarding the disclosure of on their sale price. In addition, this the distilled spirits plant regulations in
information pursuant to the Freedom of notice proposes: 1) to give guidance on 27 CFR part 19. Many of these
Information Act and the Privacy Act of tax adjustments for large cigars proposed revisions are the result of a
1974 and in connection with litigation provided at no cost in connection with petition submitted by the Distilled
or other legal proceedings. a sale, and 2) recordkeeping Spirits Council of the United States
requirements for persons in Puerto (DISCUS). Other proposed revisions are
Timetable: a result of TTB’s own comprehensive
Rico, who bring large cigars upon
Action Date FR Cite prepayment or deferred payment of tax review of the regulations in 27 CFR
into the United States from Puerto Rico. part 19. TTB believes that the
NPRM 03/00/05
amendments proposed in this notice
Timetable:
Regulatory Flexibility Analysis will benefit the distilled spirits
Required: No Action Date FR Cite industry by modernizing many of the
NPRM 12/00/04 requirements for operating distilled
Small Entities Affected: No spirits plants and thereby allow
Regulatory Flexibility Analysis proprietors to operate in a more
Government Levels Affected: None
Required: No efficient manner.
Agency Contact: Jessica Bungard, Small Entities Affected: No
Management Analyst, Department of Timetable:
the Treasury, Alcohol and Tobacco Tax Government Levels Affected: None Action Date FR Cite
and Trade Bureau, 1310 G Street NW., Additional Information: Transferred NPRM 06/00/05
Room 200E, Washington, DC 20220 from RIN 1512-AC22
Phone: 202 927–8210 Regulatory Flexibility Analysis
Fax: 202 927–8525 Agency Contact: Linda Required: No
Email: jessica.bungard@ttb.gov Wade–Chapman, TTB Specialist,
Department of the Treasury, Alcohol Small Entities Affected: No
RIN: 1513–AA98 and Tobacco Tax and Trade Bureau, Government Levels Affected: None

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73646 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—TTB Proposed Rule Stage

Additional Information: Transferred Phone: 202 927–8181 Legal Deadline: None


from RIN 1512-AC52 Fax: 202 927–8525 Abstract: TTB proposes to amend the
Agency Contact: Daniel J. Hiland, Email: wade-chapman.linda@ttb.gov regulations on tax-paid distilled spirits
Program Manager, Department of the RIN: 1513–AA26 used to manufacture nonbeverage
Treasury, Alcohol and Tobacco Tax and products to allow manufactures to use
Trade Bureau, 1310 G Street NW., natural and artificial one percent
Room 200E, Washington, DC 20220 2484. SHIPMENTS OF TOBACCO solutions without having to file Form
Phone: 202 927–8210 PRODUCTS OR CIGARETTE PAPERS 5154.1, Formula and Process for
Fax: 202 927–8525 OR TUBES WITHOUT PAYMENT OF Nonbeverage Product. This proposal is
Email: daniel.hiland@ttb.gov TAX part of an ongoing effort to streamline
RIN: 1513–AA23 Priority: Substantive, Nonsignificant the TTB Alcohol and Tobacco
Legal Authority: 26 USC 7805 Laboratory’s flavor formula approval
process.
2483. REGULATORY CHANGES FROM CFR Citation: 27 CFR 40; 27 CFR 275
Timetable:
CUSTOMS SERVICE FINAL RULE Legal Deadline: None
Action Date FR Cite
Priority: Substantive, Nonsignificant Abstract: The proposed rule clarifies
regulations and establishes procedures NPRM 12/00/04
Legal Authority: 26 USC 7805
governing tobacco products or cigarette Regulatory Flexibility Analysis
CFR Citation: 27 CFR 44
papers or tubes brought in bond from Required: No
Legal Deadline: None Puerto Rico to the United States. In Small Entities Affected: No
Abstract: The temporary rule addition, the proposed rule would
allow a manufacturer of tobacco Government Levels Affected: None
prescribes TTB regulations relating to
a final rule (T.D. 92-181, 57 FR 37692), products to receive in bond, cigarette Additional Information: Transferred
published by the former U.S. Customs papers and tubes for placement in from RIN 1512-AC73
Service (USCS). The USCS published packages of roll-your-own tobacco, and
Agency Contact: Linda
this final rule to create a separate class would eliminate filing bond extensions
Wade–Chapman, TTB Specialist,
of customs bonded warehouse duty-free for tobacco products and cigarette
Department of the Treasury, Alcohol
store (class 9). A class 9 customs papers or tubes from the U.S. Virgin
and Tobacco Tax and Trade Bureau,
bonded warehouse may receive tobacco Islands.
Room 200E, 1310 G Street NW.,
products or cigarette papers or tubes Timetable: Washington, DC 20220
without payment of Federal excise tax. Phone: 202 927–8181
Action Date FR Cite
The temporary rule prescribes the Fax: 202 927–8525
regulations that allow a manufacturer NPRM 12/00/04 Email: wade-chapman.linda@ttb.gov
of tobacco products or cigarette papers Regulatory Flexibility Analysis
and tubes and an export warehouse RIN: 1513–AA37
Required: No
proprietor to send such articles to a
class 9 customs bonded warehouse. In Small Entities Affected: No 2486. PROPOSED ADDITION OF NEW
addition, the temporary rule prescribes Government Levels Affected: None GRAPE VARIETY NAMES FOR
regulations that allow a proprietor of AMERICAN WINES
Additional Information: Transferred
a customs bonded manufacturing
from RIN 1512-AC57 Priority: Substantive, Nonsignificant
warehouse to send such cigars to a
class 9 customs bonded warehouse. Agency Contact: Linda Legal Authority: 27 USC 205
This notice of proposed rulemaking Wade–Chapman, TTB Specialist, CFR Citation: 27 CFR 4
invites comments on the temporary Department of the Treasury, Alcohol
rule. and Tobacco Tax and Trade Bureau, Legal Deadline: None
Room 200E, 1310 G Street NW., Abstract: TTB has received petitions
Timetable:
Washington, DC 20220 proposing to add several names to the
Action Date FR Cite Phone: 202 927–8181 list of grape variety names used to
NPRM 02/00/05 Fax: 202 927–8525 designate American wines.
Email: wade-chapman.linda@ttb.gov
Regulatory Flexibility Analysis Timetable:
Required: No RIN: 1513–AA27
Action Date FR Cite
Small Entities Affected: No NPRM 03/00/05
Government Levels Affected: None 2485. TAX–PAID DISTILLED SPIRITS
USED IN MANUFACTURING Regulatory Flexibility Analysis
Additional Information: Transferred PRODUCTS UNFIT FOR BEVERAGE Required: No
from RIN 1512-AC56 USE Small Entities Affected: No
Agency Contact: Linda Priority: Substantive, Nonsignificant Government Levels Affected: None
Wade–Chapman, TTB Specialist,
Department of the Treasury, Alcohol Legal Authority: 26 USC 5010; 26 USC Additional Information: Transferred
and Tobacco Tax and Trade Bureau, 5131 to 5134; 26 USC 5143; 26 USC from RIN 1512-AC79
Room 200E, 1310 G Street NW., 5206; 26 USC 5273; . . . Agency Contact: Jennifer Berry, TTB
Washington, DC 20220 CFR Citation: 27 CFR 17 Specialist, Department of the Treasury,

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TREAS—TTB Proposed Rule Stage

Alcohol and Tobacco Tax and Trade 2488. PETITION TO ESTABLISH and tubes by paying the excise tax and
Bureau, P.O. Box 18152, Roanoke, VA ‘‘SANTA MARIA BENCH’’ AS A NEW subsequently filing a claim for
24014 AMERICAN VITICULTURAL AREA drawback. This notice proposes to
Phone: 540 344–9333 clarify the regulations to recognize such
Priority: Substantive, Nonsignificant
Fax: 540 344–5855 in-transit stops and specifies records
Email: jennifer.berry@ttb.treas.gov Legal Authority: 27 USC 205 that manufacturers and export
RIN: 1513–AA42 CFR Citation: 27 CFR 9 warehouse proprietors maintain relating
to the removals without payment of tax.
Legal Deadline: None
2487. MARKS, LABELS, NOTICES AND Timetable:
Abstract: TTB received a petition from
BONDS FOR, AND REMOVAL OF, Cambria Winery and Vineyard Action Date FR Cite
TOBACCO PRODUCTS, AND proposing to establish the ‘‘Santa Maria NPRM 12/00/04
CIGARETTE PAPERS AND TUBES Bench’’ viticultural area in Santa
Barbara County, California. The Regulatory Flexibility Analysis
Priority: Substantive, Nonsignificant
petitioned viticultural area has 3,200 Required: No
Legal Authority: 26 USC 5704; 26 USC
acres, with 1,500 acres planted to wine Small Entities Affected: No
7805
grapes, and is within the established Government Levels Affected: None
CFR Citation: 27 CFR 40; 27 CFR 275 Santa Maria and the Central Coast
Legal Deadline: None viticultural areas. Additional Information: Transferred
from RIN 1512-AC95
Abstract: This notice of proposed Timetable:
rulemaking requires labels, notices, and Agency Contact: Linda
Action Date FR Cite Wade–Chapman, TTB Specialist,
marks for removals, in bond, of tobacco
products or cigarette papers and tubes NPRM 12/00/04 Department of the Treasury, Alcohol
that are not in packages. This notice and Tobacco Tax and Trade Bureau,
Regulatory Flexibility Analysis Room 200E, 1310 G Street NW.,
proposes new sections that prohibit the Required: No
removal of tobacco products or cigarette Washington, DC 20220
papers or tubes that are not in packages Small Entities Affected: No Phone: 202 927–8181
for domestic uses. Packages are the Fax: 202 927–8525
Government Levels Affected: None
immediate containers in which a Email: wade-chapman.linda@ttb.gov
manufacturer or importer places the Additional Information: Transferred
RIN: 1513–AA52
tobacco products or cigarette papers or from RIN 1512-AC93
tubes for sale or delivery to the Agency Contact: Linda
consumer. Also, this notice broadens Wade–Chapman, TTB Specialist, 2490. PETITION TO EXPAND THE
the language for extending bonds so Department of the Treasury, Alcohol LIVERMORE VALLEY VITICULTURAL
that manufacturers may receive tobacco and Tobacco Tax and Trade Bureau, AREA
products, cigarette papers and tubes, Room 200E, 1310 G Street NW., Priority: Substantive, Nonsignificant
without payment of tax, from Puerto Washington, DC 20220 Legal Authority: 27 USC 205
Rico. This notice may affect the Phone: 202 927–8181
operations conducted by manufacturers Fax: 202 927–8525 CFR Citation: 27 CFR 9
of tobacco products or cigarette papers Email: wade-chapman.linda@ttb.gov Legal Deadline: None
and tubes and importers of tobacco RIN: 1513–AA51 Abstract: TTB received a petition
products. proposing to expand the boundaries of
Timetable: approved American viticultural area
2489. IN–TRANSIT STOPS OF Livermore Valley located in the State
Action Date FR Cite TOBACCO PRODUCTS, AND of California. The proposed expanded
NPRM 12/00/04 CIGARETTE PAPERS AND TUBES boundaries encompass approximately
WITHOUT PAYMENT OF TAX 259,000 acres, of which 4,355 acres are
Regulatory Flexibility Analysis
Required: No Priority: Substantive, Nonsignificant devoted to vineyards. The expansion
Small Entities Affected: No Legal Authority: 26 USC 5704 would add approximately 163,000
acres, 120 acres of vineyards and four
Government Levels Affected: None CFR Citation: 27 CFR 40; 27 CFR 44 wineries to the area. NPRM is being
Additional Information: Transferred Legal Deadline: None reviewed.
from RIN 1512-AC90 Timetable:
Abstract: This notice is the result of
Agency Contact: Linda a petition from the Cigar Association Action Date FR Cite
Wade–Chapman, TTB Specialist, of America and the Pipe Tobacco
Department of the Treasury, Alcohol NPRM 12/00/04
Council. The petition requests that TTB
and Tobacco Tax and Trade Bureau, change its position regarding in-transit Regulatory Flexibility Analysis
Room 200E, 1310 G Street NW., stops of tobacco products and cigarette Required: No
Washington, DC 20220 papers and tubes after removal without
Phone: 202 927–8181 Small Entities Affected: No
payment of tax from a factory. TTB has
Fax: 202 927–8525 taken the position that the law provides Government Levels Affected: None
Email: wade-chapman.linda@ttb.gov that manufacturers may remove the Additional Information: Transferred
RIN: 1513–AA49 tobacco products and cigarette papers from RIN 1512-AC99

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TREAS—TTB Proposed Rule Stage

Agency Contact: Nancy Sutton, AVA the North Coast and Sonoma Coast Agency Contact: Rita Butler,
Program Manager, Department of the viticultural areas. It is approximately 65 Writer–Editor, Department of the
Treasury, Alcohol and Tobacco Tax and miles north-northwest from San Treasury, Alcohol and Tobacco Tax and
Trade Bureau, Room 200E, 1310 G Francisco, close to the Pacific coastline. Trade Bureau, Room 200E, 1310 G
Street NW., Washington, DC 20220 A significant distinguishing factor of Street NW., Washington, DC 20220
Phone: 202 927–8210 the viticultural area, based on its 920 Phone: 202 927–8210
Fax: 202 927–8525 feet and 1,800 feet elevations, is the Fax: 202 927–8525
Email: nancy.sutton@ttb.gov sunny and warm growing season that Email: rita.butler@tt.treas.gov
RIN: 1513–AA54 contrasts to the surrounding foggy and RIN: 1513–AA66
cooler lower elevations. The draft
notice of proposed rulemaking is in
2491. SAN FRANCISCO BAY AND review. 2494. PETITION NO. 2 TO EXPAND
CENTRAL COAST VITICULTURAL THE RUSSIAN RIVER VALLEY
Timetable:
AREAS—BOUNDARY VITICULTURAL AREA
REALIGNMENT/EXPANSION Action Date FR Cite
Priority: Substantive, Nonsignificant
Priority: Substantive, Nonsignificant NPRM 12/00/04
Legal Authority: 27 USC 205
Legal Authority: 27 USC 205 Regulatory Flexibility Analysis CFR Citation: 27 CFR 9
Required: No
CFR Citation: 27 CFR 9 Legal Deadline: None
Small Entities Affected: No
Legal Deadline: None Abstract: The proposed Russian River
Government Levels Affected: None Valley viticultural area expansion
Abstract: TTB received a petition
proposing an expansion/realignment of Agency Contact: Nancy Sutton, AVA increases the original boundaries by
the boundaries of approved American Program Manager, Department of the 30,200 acres to the east and south
viticultural areas San Francisco Bay Treasury, Alcohol and Tobacco Tax and sides. The notice of proposed
and Central Coast located in the State Trade Bureau, Room 5000, Room 200E, rulemaking is in review. Earlier TTB
of California. In total, the proposed 1310 G Street NW., Washington, DC received a separate Russian River
expanded boundaries encompass 20220 Valley viticultural area expansion
approximately 20,000 acres. The NPRM Phone: 202 927–8210 petition (RIN 1513-AA68) for a 767-acre
is being reviewed. Fax: 202 927–8525 expansion. This area is incorporated in
Email: nancy.sutton@ttb.gov the larger 30,200-acre expansion noted
Timetable: above. The final rule was effective
RIN: 1513–AA64
Action Date FR Cite February 2, 2004.
NPRM 12/00/04 Timetable:
2493. PETITION TO ESTABLISH
Regulatory Flexibility Analysis ‘‘GRAND LAKE O’ THE CHEROKEES’’ Action Date FR Cite
Required: No AS A NEW AMERICAN VITICULTURAL NPRM 12/00/04
Small Entities Affected: No AREA
Regulatory Flexibility Analysis
Government Levels Affected: None Priority: Substantive, Nonsignificant Required: No
Additional Information: Transferred Legal Authority: 27 USC 205 Small Entities Affected: No
from RIN 1512-AD00 CFR Citation: 27 CFR 9 Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Legal Deadline: None Agency Contact: Nancy Sutton, AVA
Program Manager, Department of the Abstract: TTB received a petition Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and proposing ‘‘Grand Lake O’ the Treasury, Alcohol and Tobacco Tax and
Trade Bureau, Room 200E, 1310 G Cherokees’’ as a new American Trade Bureau, Room 5000, Room 200E,
Street NW., Washington, DC 20220 viticultural area in Oklahoma. The 1310 G Street NW., Washington, DC
Phone: 202 927–8210 proposed area is located in the 20220
Fax: 202 927–8525 northeastern region of the State. The Phone: 202 927–8210
Email: nancy.sutton@ttb.gov proposed viticultural area encompasses Fax: 202 927–8525
RIN: 1513–AA55 Craig and portions of Ottawa, Delaware, Email: nancy.sutton@ttb.gov
and Hayes Counties. Related RIN: Related to 1513–AA68
2492. PETITION TO ESTABLISH THE Timetable: RIN: 1513–AA67
‘‘FORT ROSS SEAVIEW’’ Action Date FR Cite
VITICULTURAL AREA
NPRM 04/00/05 2495. PETITION TO ESTABLISH THE
Priority: Substantive, Nonsignificant ‘‘SHAWNEE HILLS’’ VITICULTURAL
Regulatory Flexibility Analysis
Legal Authority: 27 USC 205 Required: No AREA
CFR Citation: 27 CFR 9 Small Entities Affected: No Priority: Substantive, Nonsignificant
Legal Deadline: None Government Levels Affected: None Legal Authority: 27 USC 205(e)
Abstract: The proposed 27,500-acre Additional Information: Transferred CFR Citation: 27 CFR 9
Fort Ross-Seaview viticultural area is in from RIN 1512-AC97 Legal Deadline: None

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TREAS—TTB Proposed Rule Stage

Abstract: TTB requests comments Treasury, Alcohol and Tobacco Tax and Small Entities Affected: No
concerning the proposed establishment Trade Bureau, Room 5000, Room 200E, Government Levels Affected: None
of the ‘‘Shawnee Hills’’ viticultural area 1310 G Street NW., Washington, DC
in southern Illinois. The proposed 20220 Agency Contact: Nancy Sutton, AVA
Shawnee Hills viticultural area is Phone: 202 927–8210 Program Manager, Department of the
approximately 80 miles long from the Fax: 202 927–8525 Treasury, Alcohol and Tobacco Tax and
Ohio River on the east to the Email: nancy.sutton@ttb.gov Trade Bureau, Room 200E, 1310 G
Mississippi River on the west, and Street NW., Washington, DC 20220
RIN: 1513–AA72 Phone: 202 927–8210
approximately 20 miles wide from
north to south. Approximately 160 Fax: 202 927–8525
acres are planted with wine varietals. 2497. PETITION TO ESTABLISH Email: nancy.sutton@ttb.gov
Timetable: ‘‘TEXOMA’’ AS A VITICULTURAL RIN: 1513–AA79
AREA
Action Date FR Cite
Priority: Substantive, Nonsignificant 2499. PROPOSED ESTABLISHMENT
NPRM 01/00/05
Legal Authority: 27 USC 205 OF ALTA MESA VITICULTURAL AREA
Regulatory Flexibility Analysis
CFR Citation: 27 CFR 9 Priority: Substantive, Nonsignificant
Required: No
Legal Deadline: None Legal Authority: 27 USC 205
Small Entities Affected: No
Abstract: We have received a petition CFR Citation: 27 CFR 9
Government Levels Affected: None
for the establishment of a viticultural Legal Deadline: None
Agency Contact: Rita Butler, area in north central Texas to be called
Writer–Editor, Department of the ‘‘Texoma.’’ Abstract: The Lodi American
Treasury, Alcohol and Tobacco Tax and Viticultural Areas (LAVA) Steering
Trade Bureau, Room 200E, 1310 G Timetable: Committee proposes the establishment
Street NW., Washington, DC 20220 Action Date FR Cite of the 55,400-acre ‘‘Alta Mesa’’
Phone: 202 927–8210 viticultural area in the north central
NPRM 11/00/04
Fax: 202 927–8525 portion of the established Lodi
Email: rita.butler@tt.treas.gov Regulatory Flexibility Analysis viticultural area. The most
Required: No distinguishing features of the area
RIN: 1513–AA70
Small Entities Affected: No include ‘‘Alta Mesa,’’ a table-top
landform, and San Joaquin soil series
2496. PROPOSED AMENDED Government Levels Affected: None that dominates 90 percent of the land.
BOUNDARIES FOR THE SANTA LUCIA Agency Contact: Jennifer Berry, TTB The Committee is petitioning for seven
HIGHLANDS AND THE ARROYO SECO Specialist, Department of the Treasury, new viticultural areas within the
VITICULTURAL AREA Alcohol and Tobacco Tax and Trade original Lodi viticultural area
Priority: Substantive, Nonsignificant Bureau, P.O. Box 18152, Roanoke, VA boundaries. A notice of proposed
24014 rulemaking is being reviewed.
Legal Authority: 27 USC 205(e) Phone: 540 344–9333 Timetable:
CFR Citation: 27 CFR 9.139; 27 CFR Fax: 540 344–5855
9.59 Email: jennifer.berry@ttb.treas.gov Action Date FR Cite
Legal Deadline: None RIN: 1513–AA77 NPRM 12/00/04
Abstract: TTB requests comments Regulatory Flexibility Analysis
concerning the proposed changes to the 2498. PETITION TO ESTABLISH THE Required: No
boundaries of the Santa Lucia ‘‘HIGH VALLEY’’ VITICULTURAL AREA Small Entities Affected: No
Highlands and Arroyo Seco viticultural
Priority: Substantive, Nonsignificant Government Levels Affected: None
areas located in Monterey County,
California. The proposed boundary Legal Authority: 27 USC 205 Agency Contact: Nancy Sutton, AVA
change extends portions of the Santa CFR Citation: 27 CFR 9 Program Manager, Department of the
Luca Highlands viticultural area and Treasury, Alcohol and Tobacco Tax and
Legal Deadline: None Trade Bureau, Room 5000, Room 200E,
curtails the Arroyo Seco viticultural
area. A notice of proposed rulemaking Abstract: TTB has received a petition 1310 G Street NW., Washington, DC
is being drafted. to establish the ‘‘High Valley’’ 20220
viticultural area, which is located about Phone: 202 927–8210
Timetable:
85 miles north of San Francisco, Fax: 202 927–8525
Action Date FR Cite California, on the eastern shore of Clear Email: nancy.sutton@ttb.gov
NPRM 12/00/04 Lake. A notice of proposed rulemaking RIN: 1513–AA82
is in TTB review.
Regulatory Flexibility Analysis
Required: No Timetable:
2500. PROPOSED ESTABLISHMENT
Small Entities Affected: No Action Date FR Cite OF THE COSUMNES RIVER
Government Levels Affected: None NPRM 12/00/04 VITICULTURAL AREA
Agency Contact: Nancy Sutton, AVA Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant
Program Manager, Department of the Required: No Legal Authority: 27 USC 205

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TREAS—TTB Proposed Rule Stage

CFR Citation: 27 CFR 9 Timetable: Email: nancy.sutton@ttb.gov


Legal Deadline: None Action Date FR Cite RIN: 1513–AA85
Abstract: The Lodi American NPRM 12/00/04
Viticultural Areas (LAVA) Steering 2503. PROPOSED ESTABLISHMENT
Regulatory Flexibility Analysis
Committee proposes to establish the OF JAHANT VITICULTURAL AREA
Required: No
54,700-acre ‘‘Cosumnes River’’
viticultural area in the northwest Small Entities Affected: No Priority: Substantive, Nonsignificant
portion of the established Lodi Government Levels Affected: None Legal Authority: 27 USC 205
viticultural area. The most CFR Citation: 27 CFR 9
distinguishing features of the area Agency Contact: Nancy Sutton, AVA
include the cool and windy climate, Program Manager, Department of the Legal Deadline: None
alluvial soils, and low elevation terrain. Treasury, Alcohol and Tobacco Tax and Abstract: The Lodi American
The Committee is petitioning for seven Trade Bureau, Room 5000, Room 200E, Viticultural Areas (LAVA) Steering
new viticultural areas within the 1310 G Street NW., Washington, DC Committee proposes the establishment
boundaries of the original Lodi 20220 of the 28,000-acre ‘‘Jahant’’ viticultural
viticultural area. A notice of proposed Phone: 202 927–8210 area, located in the central-west portion
rulemaking is being reviewed. Fax: 202 927–8525 of the established Lodi viticultural area.
Email: nancy.sutton@ttb.gov The most distinguishing features of the
Timetable:
RIN: 1513–AA84 area are the pink Jahant loam soil with
Action Date FR Cite its unique grape-growing qualities, the
NPRM 12/00/04 terrain with its river terraces and old
2502. PROPOSED ESTABLISHMENT floodplain deposits, and the cool, dry,
Regulatory Flexibility Analysis OF MOKELUMNE RIVER and windy climate. The Committee is
Required: No VITICULTURAL AREA petitioning for seven new viticultural
Small Entities Affected: No Priority: Substantive, Nonsignificant areas within the boundaries of the
Government Levels Affected: None Legal Authority: 27 USC 205 original Lodi viticultural area. A notice
of proposed rulemaking is being
Agency Contact: Nancy Sutton, AVA CFR Citation: 27 CFR 9 reviewed.
Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Legal Deadline: None Timetable:
Trade Bureau, Room 5000, Room 200E, Abstract: The Lodi American Action Date FR Cite
1310 G Street NW., Washington, DC Viticultural Areas (LAVA) Steering
NPRM 12/00/04
20220 Committee proposes the establishment
Phone: 202 927–8210 of the 85,700-acre ‘‘Mokelumne River’’ Regulatory Flexibility Analysis
Fax: 202 927–8525 viticultural area in the southwest Required: No
Email: nancy.sutton@ttb.gov portion of the established Lodi Small Entities Affected: No
RIN: 1513–AA83 viticultural area. The most
distinguishing factors of the area Government Levels Affected: None
include the alluvial fan with its Agency Contact: Nancy Sutton, AVA
2501. PROPOSED ESTABLISHMENT topography and geology in contrast to Program Manager, Department of the
OF DEER CREEK HILLS the surrounding areas, and the cool, Treasury, Alcohol and Tobacco Tax and
VITICULTURAL AREA breezy climate. The Committee is Trade Bureau, Room 5000, Room 200E,
Priority: Substantive, Nonsignificant petitioning for seven new viticultural 1310 G Street NW., Washington, DC
areas within the original Lodi 20220
Legal Authority: 27 USC 205 viticultural area. A notice of proposed Phone: 202 927–8210
CFR Citation: 27 CFR 9 rulemaking is being reviewed. Fax: 202 927–8525
Legal Deadline: None Timetable: Email: nancy.sutton@ttb.gov
Abstract: The Lodi American Action Date FR Cite
RIN: 1513–AA86
Viticultural Areas (LAVA) Steering NPRM 12/00/04
Committee proposes to establish the 2504. PROPOSED ESTABLISHMENT
78,800-acre ‘‘Deer Creek Hills’’ Regulatory Flexibility Analysis OF BORDEN RANCH VITICULTURAL
viticultural area within the northeast Required: No AREA
portion of the established Lodi Small Entities Affected: No Priority: Substantive, Nonsignificant
viticultural area. The distinctive
viticultural environment of the Government Levels Affected: None Legal Authority: 27 USC 205
proposed Deer Creek Hills viticultural Agency Contact: Nancy Sutton, AVA CFR Citation: 27 CFR 9
area includes warm temperatures, Program Manager, Department of the
significant rain and fog, high elevations Treasury, Alcohol and Tobacco Tax and Legal Deadline: None
and old soils. The Committee is Trade Bureau, Room 5000, Room 200E, Abstract: The Lodi American
petitioning for seven new viticultural 1310 G Street NW., Washington, DC Viticultural Areas (LAVA) Steering
areas within the original boundaries of 20220 Committee proposes the establishment
the Lodi viticultural area. A notice of Phone: 202 927–8210 of the 70,000-acre ‘‘Borden Ranch’’
proposed rulemaking is being reviewed. Fax: 202 927–8525 viticultural area in the east central

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TREAS—TTB Proposed Rule Stage

portion of the Lodi viticultural area. Regulatory Flexibility Analysis 2507. PROPOSED ESTABLISHMENT
The most distinctive features include Required: No OF COVELO VITICULTURAL AREA
old alluvial fans, river terraces and Priority: Substantive, Nonsignificant
plains, high elevations and a Small Entities Affected: No
windswept climate. The Committee is Legal Authority: 27 USC 205
Government Levels Affected: None
petitioning for seven new viticultural CFR Citation: 27 CFR 9
areas within the original Lodi Agency Contact: Nancy Sutton, AVA
Legal Deadline: None
viticultural area boundaries. A notice Program Manager, Department of the
of proposed rulemaking is being Treasury, Alcohol and Tobacco Tax and Abstract: Ralph Carter of Sonoma,
reviewed. Trade Bureau, Room 5000, Room 200E, California is petitioning to establish
1310 G Street NW., Washington, DC Covelo as an American viticultural
Timetable: area. Covelo area is 164 miles north of
20220
Action Date FR Cite Phone: 202 927–8210 San Francisco and immediately south
NPRM 12/00/04 Fax: 202 927–8525 of the Round Valley Indian Reservation
Email: nancy.sutton@ttb.gov in northern CA. The proposed area has
Regulatory Flexibility Analysis 38,000 acres with two acres of planted
Required: No RIN: 1513–AA88 grape vines, but more area that the
Small Entities Affected: No petitioner believes has good viticultural
2506. PROPOSED ESTABLISHMENT potential. The distinctive features
Government Levels Affected: None include the bowl-shape of the Covelo
OF THE MT. OSO VITICULTURAL
Agency Contact: Nancy Sutton, AVA AREA valley area that contrasts to the narrow
Program Manager, Department of the valleys, with north-south orientations,
Treasury, Alcohol and Tobacco Tax and Priority: Substantive, Nonsignificant commonly found in Mendocino
Trade Bureau, Room 5000, Room 200E, County. Also, it has a short grape-
1310 G Street NW., Washington, DC Legal Authority: 27 USC 205 growing season when compared to
20220 CFR Citation: 27 CFR 9 other Mendocino County viticultural
Phone: 202 927–8210 areas. A notice of proposed rulemaking
Fax: 202 927–8525 Legal Deadline: None is in review.
Email: nancy.sutton@ttb.gov Timetable:
Abstract: The proposed Mt. Oso
RIN: 1513–AA87 viticultural area, about 15 miles long Action Date FR Cite
and 5 miles wide with 1,005 acres of
NPRM 12/00/04
2505. PROPOSED ESTABLISHMENT vineyards, is nestled in the foothills
between the San Joaquin Valley and the Regulatory Flexibility Analysis
OF CLEMENTS HILLS VITICULTURAL
Diablo Range in San Joaquin and Required: No
AREA
Stanislaus counties in California. The Small Entities Affected: No
Priority: Substantive, Nonsignificant sloping hillside topography includes
streams and alluvial fans and plains. Government Levels Affected: None
Legal Authority: 27 USC 205
The distinguishing climatic features of Agency Contact: Nancy Sutton, AVA
CFR Citation: 27 CFR 9 this 38,414-acre proposed area include Program Manager, Department of the
Legal Deadline: None limited rainfall and persistent winds, Treasury, Alcohol and Tobacco Tax and
along with sparse fog, frost, and dew. Trade Bureau, Room 5000, Room 200E,
Abstract: The Lodi American
A notice of proposed rulemaking is 1310 G Street NW., Washington, DC
Viticultural Areas (LAVA) Steering
being reviewed. 20220
Committee proposes the establishment
Phone: 202 927–8210
of the 84,500-acre ‘‘Clements Hills’’ Timetable: Fax: 202 927–8525
viticultural area in the southeast
Action Date FR Cite Email: nancy.sutton@ttb.gov
portion of the established Lodi
viticultural area. It is a topographic NPRM 12/00/04 RIN: 1513–AA90
transition area between the low and flat
San Joaquin Valley floor to the west Regulatory Flexibility Analysis
Required: No 2508. PROPOSED ESTABLISHMENT
and the progressively more OF HORSE HEAVEN HILLS
mountainous Sierra Foothills to the Small Entities Affected: No
east. The most distinguishing features Priority: Substantive, Nonsignificant
of the Clements Hills area are the high Government Levels Affected: None Legal Authority: 27 USC 205
elevation river terraces and rounded
Agency Contact: Nancy Sutton, AVA CFR Citation: 27 CFR 9
hilltops. The Committee is petitioning
for seven new viticultural areas within Program Manager, Department of the Legal Deadline: None
the original Lodi viticultural area Treasury, Alcohol and Tobacco Tax and
Trade Bureau, Room 200E, 1310 G Abstract: Paul D. Lucas is proposing
boundaries. A notice of proposed the establishment of the 570,000-acre
rulemaking is being reviewed. Street NW., Washington, DC 20220
Phone: 202 927–8210 Horse Heaven Hills viticultural area. It
Timetable: Fax: 202 927–8525 is in the southern central part of
Email: nancy.sutton@ttb.gov Washington, east of the Cascade
Action Date FR Cite Mountain Range and north and west of
NPRM 12/00/04 RIN: 1513–AA89 the Columbia River, and is entirely

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TREAS—TTB Proposed Rule Stage

within the Columbia Valley viticultural Phone: 301 290–1460 25 miles east of the Pacific Ocean. The
area. The Horse Heaven Hills area is Fax: 301 290–1463 distinguishing factors of the Dos Rios
noted for its series of south facing Email: lisa.gesser@ttb.treas.gov area include significant wind patterns,
slopes and significant wind patterns. A RIN: 1513–AA92 a transitional climate, elevations
notice of proposed rulemaking is in between 800 feet and 2000 feet, sloping
review. terrains with 30 percent to 75 percent
Timetable: 2510. RAMONA VALLEY inclines, relatively infertile soils, and
VITICULTURAL AREA close proximity to two rivers. The
Action Date FR Cite petitioner states the area has six acres
Priority: Substantive, Nonsignificant
NPRM 12/00/04 of planted commercial vineyards and
Legal Authority: 27 USC 205 the potential for more viticultural
Regulatory Flexibility Analysis
CFR Citation: 27 CFR 9 growth. A notice of proposed
Required: No
Legal Deadline: None rulemaking is being drafted.
Small Entities Affected: No
Abstract: The proposed 89,000-acre Timetable:
Government Levels Affected: None
Ramona Valley viticultural area is in Action Date FR Cite
Agency Contact: Nancy Sutton, AVA San Diego County, CA, and totally NPRM 12/00/04
Program Manager, Department of the within the established, larger South NPRM Comment 02/00/05
Treasury, Alcohol and Tobacco Tax and Coast viticultural area. The Period End
Trade Bureau, Room 5000, Room 200E, distinguishing factors of the Ramona
1310 G Street NW., Washington, DC Valley area, according to the petition, Regulatory Flexibility Analysis
20220 include its high-elevation geography, Required: No
Phone: 202 927–8210 climate that is based primarily on its Small Entities Affected: No
Fax: 202 927–8525 inland location, and soils, to a lesser Government Levels Affected: None
Email: nancy.sutton@ttb.gov extent. There are currently 45 acres of
RIN: 1513–AA91 vineyards in commercial production. A Agency Contact: Nancy Sutton, AVA
notice of proposed rulemaking is in Program Manager, Department of the
review. Treasury, Alcohol and Tobacco Tax and
2509. PETITION TO ESTABLISH Trade Bureau, Room 5000, Room 200E,
‘‘CALISTOGA’’ AS AN AMERICAN Timetable: 1310 G Street NW., Washington, DC
VITICULTURAL AREA Action Date FR Cite 20220
Priority: Substantive, Nonsignificant NPRM 12/00/04 Phone: 202 927–8210
NPRM Comment 02/00/05 Fax: 202 927–8525
Legal Authority: 27 USC 205 Email: nancy.sutton@ttb.gov
Period End
CFR Citation: 27 CFR 9 RIN: 1513–AA95
Regulatory Flexibility Analysis
Legal Deadline: None Required: No
Abstract: In response to a petition, the Small Entities Affected: No 2512. ∑ NIAGARA ESCARPMENT
Alcohol and Tobacco Tax and Trade VITICULTURAL AREA
Government Levels Affected: None
Bureau proposes to establish the
Agency Contact: Nancy Sutton, AVA Priority: Substantive, Nonsignificant
Calistoga viticultural area in Calistoga,
Napa Valley, California. We designate Program Manager, Department of the Legal Authority: 27 USC 205
viticultural areas to allow bottlers to Treasury, Alcohol and Tobacco Tax and CFR Citation: 27 CFR 9
better describe the origin of wines and Trade Bureau, Room 5000, Room 200E,
allow consumers to better identify the 1310 G Street NW., Washington, DC Legal Deadline: None
wines they may purchase. We invite 20220 Abstract: TTB has received a petition
comments on this proposed addition to Phone: 202 927–8210 proposing ‘‘Niagara Escarpment’’ as a
our regulations, particularly from Fax: 202 927–8525 new American viticultural area in New
bottlers who use brand names similar Email: nancy.sutton@ttb.gov York.
to Calistoga. RIN: 1513–AA94 Timetable:
Timetable: Action Date FR Cite
Action Date FR Cite 2511. DOS RIOS VITICULTURAL AREA NPRM 02/00/05
NPRM 12/00/04 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis
Regulatory Flexibility Analysis Legal Authority: 27 USC 205 Required: No
Required: No CFR Citation: 27 CFR 9 Small Entities Affected: No
Small Entities Affected: No Legal Deadline: None Government Levels Affected: None
Government Levels Affected: None Abstract: Ralph Jens Carter of Sonoma, Agency Contact: Jennifer Berry, TTB
Agency Contact: Lisa M. Gesser, TTB California, is proposing the new Dos Specialist, Department of the Treasury,
Specialist, Department of the Treasury, Rios AVA, located about 5 miles Alcohol and Tobacco Tax and Trade
Alcohol and Tobacco Tax and Trade beyond the northern boundary of the Bureau, P.O. Box 18152, Roanoke, VA
Bureau, P.O. Box 128, Morganza, MD North Coast AVA. Dos Rios is about 24014
20660 150 miles north of San Francisco and Phone: 540 344–9333

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TREAS—TTB Proposed Rule Stage

Fax: 540 344–5855


Email: jennifer.berry@ttb.treas.gov
RIN: 1513–AA97

Department of the Treasury (TREAS) Final Rule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)

ALCOHOL located in Douglas County, Minnesota. Government Levels Affected: None


This proposal is a result of a petition
filed by Robert G. Johnson on behalf Additional Information: Transferred
2513. PETITION TO ESTABLISH of Carlos Creek Winery. from RIN 1512-AC85
‘‘ALEXANDRIA LAKES’’ AS A NEW Timetable: Agency Contact: Lisa M. Gesser, TTB
AMERICAN VITICULTURAL AREA
Action Date FR Cite Specialist, Department of the Treasury,
Priority: Substantive, Nonsignificant Alcohol and Tobacco Tax and Trade
NPRM 01/23/03 68 FR 3199
Legal Authority: 27 USC 205 Bureau, P.O. Box 128, Morganza, MD
NPRM Comment 03/24/03
CFR Citation: 27 CFR 9 Period End 20660
Final Action 12/00/04 Phone: 301 290–1460
Legal Deadline: None
Fax: 301 290–1463
Abstract: TTB proposes to establish Regulatory Flexibility Analysis
Required: No Email: lisa.gesser@ttb.treas.gov
‘‘Alexandria Lakes’’ as a new American
viticultural area. The proposed area is Small Entities Affected: No RIN: 1513–AA45

Administrative/Procedures Tobacco and Firearms, Department of Regulatory Flexibility Analysis


the Treasury, into two separate Required: No
agencies, the Bureau of Alcohol,
2514. ADMINISTRATIVE CHANGES TO Tobacco, Firearms and Explosives in Small Entities Affected: No
ALCOHOL, TOBACCO, AND the Department of Justice, and the
Government Levels Affected: None
FIREARMS REGULATIONS DUE TO Alcohol and Tobacco Tax and Trade
THE HOMELAND SECURITY ACT OF Bureau in the Department of the Agency Contact: Lisa M. Gesser, TTB
2002 Treasury. Due to these changes, this Specialist, Department of the Treasury,
Priority: Info./Admin./Other final rule amends the Alcohol and Alcohol and Tobacco Tax and Trade
Tobacco Tax and Trade Bureau’s Bureau, P.O. Box 128, Morganza, MD
Legal Authority: PL 107–296; . . . regulations to reflect the Bureau’s new 20660
CFR Citation: 27 CFR 1; 27 CFR 4; 27 name and organizational structure. Phone: 301 290–1460
CFR 5; 27 CFR 6; 27 CFR 8; . . .
Timetable: Fax: 301 290–1463
Legal Deadline: None Email: lisa.gesser@ttb.treas.gov
Action Date FR Cite
Abstract: The Homeland Security Act
of 2002 divided the Bureau of Alcohol, Final Action 03/00/05 RIN: 1513–AA80

TOBACCO PRODUCTS Legal Deadline: None of Federal law enforcement operations,


particularly investigations involving
Abstract: The Department of the tobacco diversion and cigarette
2515. ∑ REMOVAL OF TOBACCO Treasury and the Alcohol and Tobacco smuggling.
PRODUCTS AND CIGARETTE PAPERS Tax and Trade Bureau propose to
amend the regulations relating to the Timetable:
AND TUBES, WITHOUT PAYMENT OF
TAX, FOR UNITED STATES USE IN removal of tobacco products and Action Date FR Cite
LAW ENFORCEMENT ACTIVITIES cigarette papers and tubes, without Interim Final Rule 07/00/05
payment of tax, for use of the United
Priority: Substantive, Nonsignificant. Regulatory Flexibility Analysis
States. Specifically, we propose to
Major status under 5 USC 801 is Required: No
undetermined. allow manufacturers of tobacco
products and cigarette papers and tubes Small Entities Affected: No
Legal Authority: 26 USC 5703; 26 USC to remove these articles without
5704; 26 USC 5705; 26 USC 5723; 26 payment of tax for use by Federal Government Levels Affected: None
USC 5741; 26 USC 5751; 26 USC 5762; agencies in their law enforcement Agency Contact: Linda Chapman, TTB
26 USC 5763; 26 USC 6313; 26 USC activities, and to exempt packages of Specialist, Department of the Treasury,
7212; 26 USC 7342; 26 USC 7606; 26 those removed products from the tax- Alcohol and Tobacco Tax and Trade
USC 7805; 44 USC 3504(h) exempt labeling requirement. We take Bureau, Room 200E, 1310 G Street
CFR Citation: 27 CFR 45.31 this action to timely meet the needs NW., Washington, DC 20220

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TREAS—TTB Final Rule Stage

Phone: 202 927–8210 Legal Deadline: None Regulations (CFR) as 27 CFR part 31.
Fax: 202 927–8525 Abstract: TTB issued ATF Rulings 96- This change improves the organization
Email: linda.chapman@ttb.gov 1 and 2002-2 to address production and of title 27 CFR. In addition, due to the
RIN: 1513–AA99 labeling of flavored malt beverages that reorganization of ATF into two separate
derive their alcohol content from bureaus, we are making nomenclature
flavoring materials. TTB has studied changes to this part.
2516. IMPLEMENTATION OF PUBLIC Timetable:
the issue of flavored malt beverages and
LAW 105–33, SECTION 9302,
is proposing rules to limit the Action Date FR Cite
REQUIRING THE QUALIFICATION OF
contribution of distilled spirits derived
TOBACCO PRODUCT IMPORTERS Final Action 07/00/05
from flavoring materials in flavored
AND MISCELLANEOUS TECHNICAL Regulatory Flexibility Analysis
malt beverages. These proposals
AMENDMENTS Required: No
address production, identity, labeling,
Priority: Substantive, Nonsignificant formulation, and tax issues related to Small Entities Affected: No
Legal Authority: 26 USC 5712; 26 USC flavored malt beverages.
Government Levels Affected: None
5713 Timetable:
Additional Information: Transferred
CFR Citation: 27 CFR 275 Action Date FR Cite from RIN 1512-AC45
Legal Deadline: Other, Statutory, NPRM 03/24/03 68 FR 14292 Agency Contact: Karl Joedicke, TTB
January 1, 2000, Interim Final Rule. NPRM Comment 06/23/03 Specialist, Department of the Treasury,
Abstract: These regulations will Period End Alcohol and Tobacco Tax and Trade
implement section 9302 provisions of NPRM Comment 06/02/03 68 FR 32698 Bureau, 1310 G Street NW., Room
Public Law 105-33, requiring permits Period End 200E, Washington, DC 20220
for businesses engaged in importing Extended Phone: 202 927–7460
tobacco products. Also, minor technical Extended Comment 10/21/03 Fax: 202 927–8525
Period End Email: karl.joedicke@ttb.gov
amendments have been included in this
Final Action 12/00/04
rule. RIN: 1513–AA19
Final Action Effective 01/00/05
Timetable:
Regulatory Flexibility Analysis
Action Date FR Cite Required: No 2519. PRODUCTION OF DRIED FRUIT
NPRM 12/22/99 64 FR 71955
AND HONEY WINES
Small Entities Affected: Businesses
Interim Final Rule 12/22/99 64 FR 71947 Priority: Substantive, Nonsignificant
Government Levels Affected: None
Interim Final Rule 01/01/00 Legal Authority: 26 USC 5381; 26 USC
Effective Additional Information: Transferred 5382; 26 USC 5385; 26 USC 5386; 26
Interim Final Rule 05/03/00 65 FR 17477 from RIN 1512-AC11 USC 5387
Comment Period
URL For Public Comments: CFR Citation: 27 CFR 24
End
http://www.ttb.gov/foia/
Final Action 01/00/05 Legal Deadline: None
nprmlcomments/
Regulatory Flexibility Analysis ttbnotice04lcomments.htm Abstract: TTB has received two
Required: No petitions relating to the production of
Agency Contact: Charles N. Bacon,
Small Entities Affected: No Program Manager, Department of the agricultural wines. One petition
Treasury, Alcohol and Tobacco Tax and proposes that the wine regulations be
Government Levels Affected: None
Trade Bureau, P.O. Box 5056, Beverly amended to allow for the production
Additional Information: Transferred of dried fruit wines with an alcohol by
Farms, MA 01915
from RIN 1512-AC07 volume content of more than 14
Phone: 978 921–1840
Agency Contact: Linda Fax: 978 921–1840 percent. The second petition proposes
Wade–Chapman, TTB Specialist, Email: charles.bacon@ttb.treas.gov that the regulations be amended to
Department of the Treasury, Alcohol allow for the production of honey
RIN: 1513–AA12 wines with a starting Brix of less than
and Tobacco Tax and Trade Bureau,
Room 200E, 1310 G Street NW., 22 degrees.
Washington, DC 20220 2518. LIQUOR DEALERS; Timetable:
Phone: 202 927–8181 RECODIFICATION OF REGULATIONS Action Date FR Cite
Fax: 202 927–8525
Priority: Info./Admin./Other NPRM 07/02/03 68 FR 39500
Email: wade-chapman.linda@ttb.gov
Legal Authority: 26 USC 7805 NPRM Comment 09/02/03
RIN: 1513–AA10 Period End
CFR Citation: 27 CFR 31; 27 CFR 194;
Final Action 01/00/05
...
2517. FLAVORED MALT BEVERAGES Regulatory Flexibility Analysis
AND RELATED PROPOSALS Legal Deadline: None Required: No
Priority: Substantive, Nonsignificant Abstract: TTB is recodifying the Small Entities Affected: No
regulations pertaining to liquor dealers.
Legal Authority: 27 USC 211; 27 USC The purpose of this recodification is to Government Levels Affected: None
205; 26 USC 5052 reissue the regulations in part 194 of Additional Information: Transferred
CFR Citation: 27 CFR 7; 27 CFR 25 title 27 of the Code of Federal from RIN 1512-AC48

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TREAS—TTB Final Rule Stage

Agency Contact: Jennifer Berry, TTB ‘‘Durif’’ as a synonym for the Petite Small Entities Affected: No
Specialist, Department of the Treasury, Sirah grape and to recognize the name Government Levels Affected: None
Alcohol and Tobacco Tax and Trade ‘‘Primitivo’’ as a synonym for the
Bureau, P.O. Box 18152, Roanoke, VA Zinfandel grape. This is in response to Additional Information: Transferred
24014 the result of recent DNA research into from RIN 1512-AC76
Phone: 540 344–9333 the identity of these grape varieties. Agency Contact: Nancy Sutton, AVA
Fax: 540 344–5855 Timetable: Program Manager, Department of the
Email: jennifer.berry@ttb.treas.gov Treasury, Alcohol and Tobacco Tax and
Action Date FR Cite Trade Bureau, Room 200E, 1310 G
RIN: 1513–AA21
NPRM 04/10/02 67 FR 17312 Street NW., Washington, DC 20220
NPRM Comment 06/06/02 67 FR 38915 Phone: 202 927–8210
2520. PETITION TO ESTABLISH THE Period Extended Fax: 202 927–8525
‘‘TRINITY LAKE’’ VITICULTURAL NPRM Comment 10/08/02 Email: nancy.sutton@ttb.gov
AREA Period End
RIN: 1513–AA39
Priority: Substantive, Nonsignificant Final Action 03/00/05

Legal Authority: 27 USC 205 Regulatory Flexibility Analysis


Required: No 2523. PETITION TO ESTABLISH
CFR Citation: 27 CFR 9 ‘‘EOLA HILLS’’ AS A NEW AMERICAN
Small Entities Affected: No VITICULTURAL AREA
Legal Deadline: None
Government Levels Affected: None
Abstract: TTB has received a petition Priority: Substantive, Nonsignificant
from Keith Groves of Alpen Cellars Additional Information: Transferred
Legal Authority: 27 USC 205
proposing the establishment of a from RIN 1512-AC65
CFR Citation: 27 CFR 9
viticultural area located in Trinity Agency Contact: Jennifer Berry, TTB
County, California. The proposed Specialist, Department of the Treasury, Legal Deadline: None
Trinity Lake viticultural area consists Alcohol and Tobacco Tax and Trade Abstract: TTB has received a petition
of approximately 96,000 acres. Bureau, P.O. Box 18152, Roanoke, VA proposing the establishment of ‘‘Eola
24014 Hills’’ as a new American viticultural
Timetable:
Phone: 540 344–9333 area in Oregon.
Action Date FR Cite Fax: 540 344–5855
Email: jennifer.berry@ttb.treas.gov Timetable:
NPRM 12/17/03 68 FR 70215
NPRM Comment 02/17/04 RIN: 1513–AA32 Action Date FR Cite
Period End NPRM 09/08/03 68 FR 52875
Final Action 12/00/04 NPRM Comment 11/07/03
2522. PETITION FOR THE
Regulatory Flexibility Analysis Period End
ESTABLISHMENT OF ‘‘RED HILL’’ AS
Required: No Comment Period 11/07/03 68 FR 63042
AN AMERICAN VITICULTURAL AREA Extended
Small Entities Affected: No Priority: Substantive, Nonsignificant Extended Comment 01/06/04
Government Levels Affected: None Period End
Legal Authority: 26 USC 205(e)
Final Action 02/00/05
Additional Information: Transferred CFR Citation: 27 CFR 9
from RIN 1512-AC62 Regulatory Flexibility Analysis
Legal Deadline: None Required: No
Agency Contact: Rita Butler,
Writer–Editor, Department of the Abstract: TTB received a petition Small Entities Affected: No
Treasury, Alcohol and Tobacco Tax and proposing the establishment of ‘‘Red
Hill’’ as an American viticultural area Government Levels Affected: None
Trade Bureau, Room 200E, 1310 G
Street NW., Washington, DC 20220 located within the State of Oregon. The Additional Information: Transferred
Phone: 202 927–8210 proposed viticultural area consists of from RIN 1512-AC78
Fax: 202 927–8525 approximately 1,668 acres or 8.6 square Agency Contact: Jennifer Berry, TTB
Email: rita.butler@ttb.gov miles. Comments are being reviewed Specialist, Department of the Treasury,
along with petioner’s rebuttal. Alcohol and Tobacco Tax and Trade
RIN: 1513–AA29
Timetable: Bureau, P.O. Box 18152, Roanoke, VA
Action Date FR Cite 24014
2521. PROPOSAL TO RECOGNIZE Phone: 540 344–9333
SYNONYMS FOR PETITE SIRAH AND NPRM 10/30/02 67 FR 66079 Fax: 540 344–5855
ZINFANDEL GRAPE VARIETIES NPRM Comment 12/30/02 Email: jennifer.berry@ttb.treas.gov
Period End
Priority: Substantive, Nonsignificant NPRM Comment 01/16/03 68 FR 2262 RIN: 1513–AA41
Legal Authority: 27 USC 205 Period Reopened
Second NPRM 03/17/03 2524. ORGANIC CLAIMS IN LABELING
CFR Citation: 27 CFR 4
Comment Period
Legal Deadline: None End
AND ADVERTISING OF ALCOHOL
Final Action 03/00/05
BEVERAGES
Abstract: TTB is proposing to amend
the list of prime grape names for Regulatory Flexibility Analysis Priority: Info./Admin./Other
American wines to recognize the name Required: No Legal Authority: 27 USC 205

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TREAS—TTB Final Rule Stage

CFR Citation: 27 CFR 4; 27 CFR 5; 27 Hills of Dundee to the Dundee Hills Agency Contact: Nancy Sutton, AVA
CFR 7; 27 CFR 13 to avoid confusion with any other Red Program Manager, Department of the
Legal Deadline: None Hills viticultural area. Substantiating Treasury, Alcohol and Tobacco Tax and
name evidence for the ‘‘Dundee Hills’’ Trade Bureau, Room 5000, Room 200E,
Abstract: TTB amended its alcohol name has been provided. The notice of 1310 G Street NW., Washington, DC
beverage labeling rules to cross- proposed rulemaking published August 20220
reference the United States Department 15, 2003. The final notice is in TTB Phone: 202 927–8210
of Agriculture’s National Organic review. Fax: 202 927–8525
Program (NOP) rules. The mandatory Email: nancy.sutton@ttb.gov
compliance date for the NOP rules was Timetable:
October 21, 2002. TTB requested Action Date FR Cite RIN: 1513–AA57
comments on the temporary rule in an
NPRM 08/15/03 68 FR 48839
associated notice of proposed 2527. PETITION TO ESTABLISH
NPRM Comment 10/14/03
rulemaking. Comments were due March Period End ‘‘RIBBON RIDGE’’ AS A NEW
27, 2003. Final Action 12/00/04 AMERICAN VITICULTURAL AREA
Timetable: Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant
Action Date FR Cite Required: No Legal Authority: 27 USC 205
NPRM 10/08/02 67 FR 62860 Small Entities Affected: No CFR Citation: 27 CFR 9
Temporary Rule 10/08/02 67 FR 62856 Government Levels Affected: None Legal Deadline: None
NPRM Comment 12/27/02 67 FR 79011
Period Reopened Additional Information: Transferred Abstract: TTB has received a petition
NPRM Comment 05/09/03 68 FR 24903 from RIN 1512-AC91 proposing the establishment of the
Period Reopened Agency Contact: Nancy Sutton, AVA ‘‘Ribbon Ridge’’ viticultural area
Final Action 12/00/04 Program Manager, Department of the located in the northern part of Yamhill
Regulatory Flexibility Analysis Treasury, Alcohol and Tobacco Tax and County, Oregon between Newberg and
Required: No Trade Bureau, Room 5000, Room 200E, Gaston. A draft final rule is being
1310 G Street NW., Washington, DC reviewed.
Small Entities Affected: No
20220 Timetable:
Government Levels Affected: None Phone: 202 927–8210
Fax: 202 927–8525 Action Date FR Cite
Additional Information: Transferred
from RIN 1512-AC87 Email: nancy.sutton@ttb.gov NPRM 11/03/03 68 FR 62259
RIN: 1513–AA50 NPRM Comment 01/02/04
Agency Contact: Marjorie D. Ruhf, Period End
Program Manager, Department of the Final Action 03/00/05
Treasury, Alcohol and Tobacco Tax and 2526. PETITION TO ESTABLISH
Trade Bureau, Room 200E, 1310 G Regulatory Flexibility Analysis
‘‘CHEHALEM MOUNTAINS’’ AS A NEW Required: No
Street NW., Washington, DC 20220 AMERICAN VITICULTURAL AREA
Phone: 202 927–8210 Small Entities Affected: No
Fax: 202 927–8525 Priority: Substantive, Nonsignificant
Email: marjorie.ruhf@ttb.gov Government Levels Affected: None
Legal Authority: 27 USC 205
RIN: 1513–AA46 Additional Information: Transferred
CFR Citation: 27 CFR 9
from RIN 1512-AD03
Legal Deadline: None
Agency Contact: Nancy Sutton, AVA
2525. PETITION TO ESTABLISH Abstract: TTB has received a petition Program Manager, Department of the
‘‘DUNDEE HILLS’’ AS A NEW proposing the establishment of the Treasury, Alcohol and Tobacco Tax and
AMERICAN VITICULTURAL AREA ‘‘Chehalem Mountains’’ viticultural Trade Bureau, Room 5000, Room 200E,
Priority: Substantive, Nonsignificant area located in Yamhill, Washington, 1310 G Street NW., Washington, DC
and Clackamas Counties, Oregon. A 20220
Legal Authority: 27 USC 205
draft final rule is being prepared. Phone: 202 927–8210
CFR Citation: 27 CFR 9 Fax: 202 927–8525
Timetable:
Legal Deadline: None Email: nancy.sutton@ttb.gov
Action Date FR Cite
Abstract: TTB has received a petition RIN: 1513–AA58
from the North Willamette Valley AVA NPRM 10/07/03 68 FR 57840
Group proposing to establish the NPRM Comment 12/08/03
Period End 2528. PETITION TO ESTABLISH
‘‘Dundee Hills’’ American viticultural
Final Action 03/00/05 ‘‘YAMHILL–CARLTON DISTRICT’’ AS
area in Yamhill County, Oregon. This
Regulatory Flexibility Analysis A NEW AMERICAN VITICULTURAL
petitioned viticultural area has 6,490
Required: No AREA
acres, with 1,264 acres planted to wine
grapes, and is on the north side of the Small Entities Affected: No Priority: Substantive, Nonsignificant
Willamette Valley viticultural area in Legal Authority: 27 USC 205
northwest Oregon. In November 2002, Government Levels Affected: None
the petitioning group amended their Additional Information: Transferred CFR Citation: 27 CFR 9
viticultural area petition from the Red from RIN 1512-AD02 Legal Deadline: None

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TREAS—TTB Final Rule Stage

Abstract: TTB has received a petition Additional Information: Transferred Josephine Counties in southwestern
proposing the establishment of the from RIN 1512-AC10 Oregon. A final rule is in TTB review.
‘‘Yamhill-Carlton District’’ viticultural URL For Public Comments: Timetable:
area. The proposed area falls within the www.ttb.gov/foia/nprmlcomments/
approved boundaries of the Willamette Action Date FR Cite
notice946lcomments.htm
Valley viticultural area in northwest NPRM 09/18/03 68 FR 54696
Oregon. Draft final ruling is being Agency Contact: Charles N. Bacon,
NPRM Comment 11/17/03
prepared. Program Manager, Department of the Period End
Treasury, Alcohol and Tobacco Tax and Final Action 12/00/04
Timetable: Trade Bureau, P.O. Box 5056, Beverly
Action Date FR Cite Farms, MA 01915 Regulatory Flexibility Analysis
Phone: 978 921–1840 Required: No
NPRM 10/07/03 68 FR 57845
NPRM Comment 12/08/03
Fax: 978 921–1840 Small Entities Affected: No
Period End Email: charles.bacon@ttb.treas.gov
Government Levels Affected: None
Final Action 12/00/04 RIN: 1513–AA60
Agency Contact: Nancy Sutton, AVA
Regulatory Flexibility Analysis Program Manager, Department of the
Required: No 2530. PETITION TO ESTABLISH Treasury, Alcohol and Tobacco Tax and
Small Entities Affected: No ‘‘MCMINNVILLE’’ AS AN AMERICAN Trade Bureau, Room 5000, Room 200E,
VITICULTURAL AREA IN OREGON 1310 G Street NW., Washington, DC
Government Levels Affected: None
Priority: Substantive, Nonsignificant 20220
Additional Information: Transferred Phone: 202 927–8210
from RIN 1512-AD04 Legal Authority: 27 USC 205 Fax: 202 927–8525
Agency Contact: Nancy Sutton, AVA CFR Citation: 27 CFR 9 Email: nancy.sutton@ttb.gov
Program Manager, Department of the Legal Deadline: None Related RIN: Previously reported as
Treasury, Alcohol and Tobacco Tax and 1512–AC81
Abstract: TTB has received a petition
Trade Bureau, Room 5000, Room 200E,
proposing ‘‘McMinnville’’ as a new RIN: 1513–AA75
1310 G Street NW., Washington, DC
American viticultural area in Oregon.
20220
Phone: 202 927–8210 Timetable: 2532. ∑ MATERIALS AUTHORIZED
Fax: 202 927–8525 Action Date FR Cite FOR THE TREATMENT OF WINE AND
Email: nancy.sutton@ttb.gov JUICE; PROCESSES AUTHORIZED
NPRM 06/27/03 68 FR 38248
RIN: 1513–AA59 FOR THE TREATMENT OF WINE,
NPRM Comment 08/26/03
JUICE, AND DISTILLING MATERIAL
Period End
2529. LABELING AND ADVERTISING Final Action 11/00/04 Priority: Substantive, Nonsignificant
OF MALT BEVERAGES Regulatory Flexibility Analysis Legal Authority: 26 USC 5381; 26 USC
Priority: Substantive, Nonsignificant Required: No 5382; 26 USC 5385; 26 USC 5386; 26
Small Entities Affected: No USC 5387
Legal Authority: 27 USC 205
Government Levels Affected: None CFR Citation: 24 CFR 246; 24 CFR 248
CFR Citation: 27 CFR 7
Agency Contact: Jennifer Berry, TTB Legal Deadline: None
Legal Deadline: None
Specialist, Department of the Treasury, Abstract: TTB is revising its lists of
Abstract: This project revises malt Alcohol and Tobacco Tax and Trade approved wine treating materials and
beverage advertising and labeling Bureau, P.O. Box 18152, Roanoke, VA processes to add several new materials
regulations in plain language. This 24014 and processes and revise existing
revision will make no substantive Phone: 540 344–9333 limitations for a few others.
changes to the current 27 CFR part 7. Fax: 540 344–5855
Timetable:
Timetable: Email: jennifer.berry@ttb.treas.gov
Action Date FR Cite
Action Date FR Cite RIN: 1513–AA63
Interim Final Rule 12/00/04
NPRM 06/27/02 67 FR 43496
NPRM Comment 08/26/02 2531. PETITION TO ESTABLISH Regulatory Flexibility Analysis
Period End ‘‘SOUTHERN OREGON’’ AS A Required: No
NPRM Comment 08/27/02 67 FR 54388 VITICULTURAL AREA Small Entities Affected: No
Period Extended
Priority: Substantive, Nonsignificant Government Levels Affected: None
NPRM Comment 09/25/02
Period End Legal Authority: 27 USC 205 Agency Contact: Jennifer Berry, TTB
Final Action 12/00/04 Specialist, Department of the Treasury,
CFR Citation: 27 CFR 9
Regulatory Flexibility Analysis Alcohol and Tobacco Tax and Trade
Legal Deadline: None Bureau, P.O. Box 18152, Roanoke, VA
Required: No
Abstract: TTB proposes to establish the 24014
Small Entities Affected: Businesses Southern Oregon viticultural area in Phone: 540 344–9333
Government Levels Affected: None portions of Douglas, Jackson, and Fax: 540 344–5855

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73658 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—TTB Final Rule Stage

Email: jennifer.berry@ttb.treas.gov
RIN: 1513–AA96

Department of the Treasury (TREAS) Long-Term Actions


Alcohol and Tobacco Tax and Trade Bureau (TTB)

2533. EXPORTATION OF LIQUORS Regulatory Flexibility Analysis Timetable:


Priority: Substantive, Nonsignificant Required: No Action Date FR Cite
CFR Citation: 27 CFR 252 Government Levels Affected: None NPRM To Be Determined
Timetable: Agency Contact: Marjorie D. Ruhf
Phone: 202 927–8210 Regulatory Flexibility Analysis
Action Date FR Cite Required: No
Fax: 202 927–8525
ANPRM 09/08/92 57 FR 40887 Email: marjorie.ruhf@ttb.gov Small Entities Affected: No
ANPRM Comment 10/08/92
Period End RIN: 1513–AA05 Government Levels Affected: None
ANPRM Comment 10/15/92 57 FR 47320
Period Extended Agency Contact: Marjorie D. Ruhf
2535. IMPLEMENTATION OF PUBLIC
ANPRM Comment 12/07/92 Phone: 202 927–8210
LAW 105–34, SECTION 1416,
Period Extended Fax: 202 927–8525
End
RELATING TO REFUND OF TAX FOR
Email: marjorie.ruhf@ttb.gov
ANPRM 08/09/96 61 FR 41500 DOMESTIC WINE RETURNED TO
ANPRM Comment 12/10/96 BOND REGARDLESS OF RIN: 1513–AA08
Period End MERCHANTABILITY (TAXPAYER
NPRM 12/00/05 RELIEF ACT OF 1997)
2537. PROHIBITED MARKS ON
Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant PACKAGES OF TOBACCO
Required: No CFR Citation: 27 CFR 24.66; 27 CFR PRODUCTS AND CIGARETTE PAPERS
Government Levels Affected: None 24.295; 27 CFR 24.312 AND TUBES IMPORTED OR
BROUGHT INTO THE UNITED STATES
Agency Contact: Joanne Brady Timetable:
Phone: 215 333–7050 Priority: Substantive, Nonsignificant
Action Date FR Cite
Fax: 215 333–8871
Email: joanne.brady@ttb.treas.gov Interim Final Rule To Be Determined CFR Citation: 27 CFR 275
RIN: 1513–AA00 Regulatory Flexibility Analysis Timetable:
Required: No
Action Date FR Cite
2534. IMPLEMENTATION OF WINE Small Entities Affected: No
NPRM To Be Determined
CREDIT PROVISIONS OF PUBLIC LAW Government Levels Affected: None
104–188 Regulatory Flexibility Analysis
Agency Contact: Marjorie D. Ruhf Required: No
Priority: Substantive, Nonsignificant Phone: 202 927–8210
CFR Citation: 27 CFR 24.278; 27 CFR Fax: 202 927–8525 Small Entities Affected: Businesses
24.279 Email: marjorie.ruhf@ttb.gov
Government Levels Affected: None
Timetable: RIN: 1513–AA06
Action Date FR Cite
Agency Contact: Linda
Wade–Chapman
NPRM 06/02/97 62 FR 29681 2536. AMENDED STANDARD OF Phone: 202 927–8181
NPRM Comment 08/01/97 IDENTITY FOR SHERRY Fax: 202 927–8525
Period End Email: wade-chapman.linda@ttb.gov
Interim Final Rule 06/02/97 62 FR 29663
Priority: Substantive, Nonsignificant
Final Action To Be Determined CFR Citation: 27 CFR 4 RIN: 1513–AA14

Department of the Treasury (TREAS) Completed Actions


Alcohol and Tobacco Tax and Trade Bureau (TTB)

2538. REVISION OF BREWERY Completed: Small Entities Affected: Businesses


REGULATIONS AND ISSUANCE OF
Reason Date FR Cite Government Levels Affected: None
REGULATIONS FOR TAVERNS ON
BREWERY PREMISES (BREWPUBS) Withdrawn 09/23/04
Agency Contact: Joanne Brady
Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Phone: 215 333–7050
Required: No Fax: 215 333–8871
CFR Citation: 27 CFR 7; 27 CFR 25

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TREAS—TTB Completed Actions

Email: joanne.brady@ttb.treas.gov Small Entities Affected: No Completed:


RIN: 1513–AA02 Government Levels Affected: None Reason Date FR Cite
Agency Contact: Linda Final Action 06/29/04 69 FR 38834
2539. REMOVAL OF REQUIREMENT Wade–Chapman Final Action Effective 08/30/04
TO DISCLOSE SACCHARIN IN THE Phone: 202 927–8181 Regulatory Flexibility Analysis
LABELING OF WINE, DISTILLED Fax: 202 927–8525 Required: No
SPIRITS, AND MALT BEVERAGES Email: wade-chapman.linda@ttb.gov
Small Entities Affected: No
Priority: Info./Admin./Other RIN: 1513–AA18
CFR Citation: 27 CFR 4.32(d); 27 CFR Government Levels Affected: None
5.32(b)(6); 27 CFR 7.22(b)(5) 2542. IMPORTATION OF TOBACCO Agency Contact: Nancy Sutton
Completed: PRODUCTS AND CIGARETTE PAPERS Phone: 202 927–8210
AND TUBES; RECODIFICATION OF Fax: 202 927–8525
Reason Date FR Cite Email: nancy.sutton@ttb.gov
REGULATIONS
Withdrawn 09/23/04
Priority: Info./Admin./Other RIN: 1513–AA28
Regulatory Flexibility Analysis
Required: No CFR Citation: 27 CFR 41; 27 CFR 275
2545. PETITION TO ESTABLISH ‘‘RED
Small Entities Affected: No Completed:
HILLS LAKE COUNTY’’ AMERICAN
Government Levels Affected: None Reason Date FR Cite VITICULTURAL AREA
Agency Contact: Marjorie D. Ruhf Final Action 08/26/04 69 FR 52421 Priority: Substantive, Nonsignificant
Phone: 202 927–8210 Final Action Effective 08/26/04
CFR Citation: 27 CFR 9
Fax: 202 927–8525 Regulatory Flexibility Analysis
Email: marjorie.ruhf@ttb.gov Required: No Completed:
RIN: 1513–AA15 Small Entities Affected: No Reason Date FR Cite

Government Levels Affected: None Final Action 07/12/04 69 FR 41750


2540. TOBACCO PRODUCTS AND Final Action Effective 09/10/04
CIGARETTE PAPERS AND TUBES Agency Contact: Nancy Sutton
Phone: 202 927–8210 Regulatory Flexibility Analysis
SHIPPED FROM PUERTO RICO TO Required: No
THE UNITED STATES Fax: 202 927–8525
Email: nancy.sutton@ttb.gov Small Entities Affected: No
Priority: Substantive, Nonsignificant
RIN: 1513–AA20 Government Levels Affected: None
CFR Citation: 27 CFR 275
Completed: Agency Contact: Nancy Sutton
2543. PETITION TO ESTABLISH THE Phone: 202 927–8210
Reason Date FR Cite ‘‘SANTA BARBARA HIGHLANDS’’ Fax: 202 927–8525
Final Action 07/22/03 68 FR 43294 VITICULTURAL AREA Email: nancy.sutton@ttb.gov
Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant RIN: 1513–AA33
Required: No CFR Citation: 27 CFR 9
Small Entities Affected: No 2546. ELIMINATE REQUIREMENT TO
Completed:
Government Levels Affected: None ENROLL TO PRACTICE BEFORE THE
Reason Date FR Cite
BUREAU
Agency Contact: Linda
Withdrawn 09/23/04
Wade–Chapman Priority: Substantive, Nonsignificant
Phone: 202 927–8181 Regulatory Flexibility Analysis
Required: No CFR Citation: 31 CFR 8
Fax: 202 927–8525
Email: wade-chapman.linda@ttb.gov Small Entities Affected: No Completed:
RIN: 1513–AA17 Reason Date FR Cite
Government Levels Affected: None
Withdrawn 09/23/04
Agency Contact: Timothy P. DeVanney
2541. ELIMINATION OF STATISTICAL Phone: 202 927–8210 Regulatory Flexibility Analysis
CLASSES FOR LARGE CIGARS Fax: 202 927–8525 Required: No
Priority: Substantive, Nonsignificant Email: timothy.devanney@ttb.gov Small Entities Affected: No
CFR Citation: 27 CFR 40; 27 CFR 275 RIN: 1513–AA24
Government Levels Affected: None
Completed:
Agency Contact: Timothy P. DeVanney
Reason Date FR Cite 2544. PROPOSED ‘‘SAN BERNABE’’ Phone: 202 927–8210
VITICULTURAL AREA Fax: 202 927–8525
Final Action 07/22/04 69 FR 43294
Priority: Substantive, Nonsignificant Email: timothy.devanney@ttb.gov
Regulatory Flexibility Analysis
Required: No CFR Citation: 27 CFR 9 RIN: 1513–AA62

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73660 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—TTB Completed Actions

2547. PETITION TO ESTABLISH THE 2548. PETITION TO ESTABLISH THE 2549. REMOVAL OF REQUIREMENT
‘‘ALEXANDER MOUNTAIN’’ ‘‘SALADO CREEK’’ VITICULTURAL TO DISCLOSE SACCHARIN IN THE
VITICULTURAL AREA AREA LABELING OF WINE, DISTILLED
SPIRITS, AND MALT BEVERAGE
Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 9 CFR Citation: 27 CFR 9
CFR Citation: 27 CFR 4; 27 CFR 5; 27
Completed: Completed: CFR 7
Reason Date FR Cite Completed:
Reason Date FR Cite
Final Action 06/29/04 69 FR 38831 Reason Date FR Cite
Withdrawn 09/23/04
Final Action Effective 08/30/04 Final Action 06/16/04 69 FR 33572
Regulatory Flexibility Analysis
Regulatory Flexibility Analysis Regulatory Flexibility Analysis
Required: No
Required: No Required: No
Small Entities Affected: No Small Entities Affected: No Small Entities Affected: No
Government Levels Affected: None Government Levels Affected: None
Government Levels Affected: None
Agency Contact: Lisa M. Gesser
Agency Contact: Nancy Sutton Agency Contact: Nancy Sutton Phone: 301 290–1460
Phone: 202 927–8210 Phone: 202 927–8210 Fax: 301 290–1463
Fax: 202 927–8525 Fax: 202 927–8525 Email: lisa.gesser@ttb.treas.gov
Email: nancy.sutton@ttb.gov Email: nancy.sutton@ttb.gov
RIN: 1513–AA93
RIN: 1513–AA65 RIN: 1513–AA69 BILLING CODE 4810–25–S

Department of the Treasury (TREAS) Proposed Rule Stage


Comptroller of the Currency (OCC)

2550. RECORDKEEPING and Regulatory Activities Division, 250 community development activities,
REQUIREMENTS FOR BANK E Street SW., Washington, DC 20219 such as affordable housing and
EXCEPTIONS FROM SECURITIES Phone: 202 874–5090 community services, in rural
BROKER OR DEALER REGISTRATION Fax: 202 874–4889 communities and designated disaster
Email: martha.clarke@occ.treas.gov areas.
Priority: Other Significant
RIN: 1557–AB93
Legal Authority: 12 USC 93a; 12 USC Timetable:
1828(t) Action Date FR Cite
2551. COMMUNITY REINVESTMENT
CFR Citation: Not Yet Determined
ACT REGULATION (12 CFR 25) ANPRM 07/19/01 66 FR 37602
Legal Deadline: None Priority: Other Significant ANPRM Comment 10/17/01
Period End
Abstract: This joint rulemaking would Legal Authority: 12 USC 21; 12 USC
implement section 204 of the Gramm- NPRM 02/06/04 69 FR 5729
22; 12 USC 26; 12 USC 27; 12 USC
Leach-Bliley Act. Section 204 directs NPRM Comment 04/06/04
30; 12 USC 36; 12 USC 93a; 12 USC Period End
the Federal banking agencies to 161; 12 USC 215; 12 USC 215a; 12 USC
establish recordkeeping requirements NPRM 11/00/04
481; 12 USC 1814; 12 USC 1816; 12
for banks relying on exceptions to the USC 1828(c); 12 USC 1835a; 12 USC Regulatory Flexibility Analysis
definitions of ‘‘broker’’ and ‘‘dealer’’ 2901 to 2907; 12 USC 3101 to 3111 Required: No
contained in paragraphs (4) and (5) of
CFR Citation: 12 CFR 25
section 3(a) of the Securities Exchange Government Levels Affected: None
Act of 1934. Legal Deadline: None
Abstract: OCC is considering revising Agency Contact: Patrick T. Tierney,
Timetable:
certain provisions of its rules Attorney, Department of the Treasury,
Action Date FR Cite implementing the Community Comptroller of the Currency, Legislative
NPRM 12/00/04 Reinvestment Act (CRA). This and Regulatory Activities Division, 250
rulemaking would address the E Street SW., Washington, DC 20219
Regulatory Flexibility Analysis regulatory burden imposed on smaller Phone: 202 874–5090
Required: No national banks by revising the Fax: 202 874–4889
Small Entities Affected: No eligibility requirements for CRA Email: patrick.tierney@occ.treas.gov
evaluation under the lending,
Government Levels Affected: None RIN: 1557–AB98
investment, and service tests. This
Agency Contact: Martha Vestal Clarke, rulemaking would also revise the
Counsel, Department of the Treasury, definition of the term ‘‘community
Comptroller of the Currency, Legislative development’’ to include typical

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TREAS—OCC Proposed Rule Stage

2552. RULES, POLICIES, AND Agency Contact: Heidi M. Thomas, In addition, the Agencies must issue
PROCEDURES FOR CORPORATE Special Counsel, Department of the regulations requiring each financial
ACTIVITIES; LICENSING Treasury, Comptroller of the Currency, institution and creditor to establish
PROCEDURES Legislative and Regulatory Activities reasonable policies and procedures to
Priority: Substantive, Nonsignificant Division, 250 E Street SW., implement the guidelines. The
Washington, DC 20219 regulations must contain a provision
Legal Authority: 12 USC 1 et seq; 12 Phone: 202 874–5090 requiring a card issuer to notify the
USC 93a Fax: 202 874–4889 cardholder if the card issuer receives
CFR Citation: 12 CFR 4; 12 CFR 5; 12 Email: heidi.thomas@occ.treas.gov a notice of change of address for an
CFR 19; 12 CFR 37 RIN: 1557–AC79 existing account, and a short time later
Legal Deadline: None receives a request for an additional or
replacement card.
Abstract: This rulemaking would 2553. IDENTITY THEFT DETECTION,
update certain provisions and make PREVENTION, AND MITIGATION Timetable:
technical changes to OCC rules PROGRAM FOR FINANCIAL Action Date FR Cite
governing corporate activities in 12 INSTITUTIONS AND CREDITORS NPRM 12/00/04
CFR part 5. The rulemaking also would
Priority: Other Significant. Major status
make technical changes to certain Regulatory Flexibility Analysis
under 5 USC 801 is undetermined.
provisions in 12 CFR part 4 to reflect Required: Undetermined
OCC’s recent organizational restructing Unfunded Mandates: Undetermined
and to 12 CFR part 9 to reflect changes Government Levels Affected: None
Legal Authority: 15 USC 1681
in regulations adopted by the Securities Agency Contact: Deborah Katz, Senior
CFR Citation: 12 CFR 41
and Exchange Commission (SEC). Counsel, Department of the Treasury,
Additionally, the rulemaking would Legal Deadline: None Comptroller of the Currency, Legislative
amend subpart O of 12 CFR part 19 Abstract: OCC, the Board of Governors and Regulatory Activities Division, 250
to combine current 12 CFR 19.240 and of the Federal Reserve System, the E Street SW., Washington, DC 20219
19.241 into one section, and would Federal Deposit Insurance Corporation, Phone: 202 874–5090
make a technical correction to the the Office of Thrift Supervision, the Fax: 202 874–4889
regulation governing debt cancellation National Credit Union Administration, Email: deborah.katz@occ.treas.gov
contracts (DCC’s) and debt suspension and the Federal Trade Commission (the
agreements (DSAs) in 12 CFR part 37. RIN: 1557–AC87
Agencies) are issuing a joint rulemaking
Timetable: to establish guidelines and regulations
to implement section 114 of the Fair 2554. IMPLEMENTATION OF A
Action Date FR Cite
and Accurate Credit Transactions Act REVISED BASEL CAPITAL ACCORD
NPRM 12/00/04 of 2003. Section 114 requires the (BASEL II)
Regulatory Flexibility Analysis Agencies to jointly issue guidelines for
Regulatory Plan: This entry is Seq. No.
Required: No financial institutions and creditors
113 in part II of this issue of the
identifying patterns, practices, and
Small Entities Affected: No Federal Register.
specific forms of activity, that indicate
Government Levels Affected: None the possible existence of identity theft. RIN: 1557–AC91

Department of the Treasury (TREAS) Final Rule Stage


Comptroller of the Currency (OCC)

2555. ELECTRONIC FILING AND and principal shareholders of national Action Date FR Cite
DISCLOSURE OF BENEFICIAL banks. Effective July 30, 2003, the
OWNERSHIP REPORTS amendments required that beneficial Interim Final Rule 09/22/03 68 FR 54891
Effective
Priority: Other Significant ownership reports be filed
Interim Final Rule 11/30/03 68 FR 54981
electronically and posted on the
Legal Authority: 12 USC 93a; 15 USC Comment Period
issuer’s corporate website if it has a End
78l; 15 USC 78p website. The rulemaking would require Final Action 12/00/04
CFR Citation: 12 CFR 11 that beneficial ownership reports filed
Legal Deadline: None by officers, directors, and principal Regulatory Flexibility Analysis
shareholders of national bank be filed Required: No
Abstract: The Sarbanes-Oxley Act of electronically pursuant to the
2002 made amendments to section Small Entities Affected: No
FDICconnect system and that the
16(a) of the Securities Exchange Act of reports be placed on the website of Government Levels Affected: None
1934, which requires the filing of
national banks that have websites.
beneficial ownership reports by Agency Contact: Martha Vestal Clarke,
officers, directors, and principal Timetable: Counsel, Department of the Treasury,
shareholders of issuers of securities. Comptroller of the Currency, Legislative
Action Date FR Cite
OCC administers and enforces section and Regulatory Activities Division, 250
16(a) with respect to officers, directors, Interim Final Rule 09/22/03 68 FR 54981 E Street SW., Washington, DC 20219

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TREAS—OCC Final Rule Stage

Phone: 202 874–5090 2557. RULES, POLICIES, AND Fax: 202 874–4889
Fax: 202 874–4889 PROCEDURES FOR CORPORATE Email: jean.campbell@occ.treas.gov
Email: martha.clarke@occ.treas.gov ACTIVITIES; CIVIL MONETARY
PENALTIES ADJUSTMENT RIN: 1557–AC82
RIN: 1557–AC75
Priority: Substantive, Nonsignificant
Legal Authority: 28 USC 2461 note 2558. PROPER DISPOSAL OF
2556. RULES, POLICIES, AND CONSUMER INFORMATION
PROCEDURES FOR CORPORATE CFR Citation: 12 CFR 19.240; 12 CFR
ACTIVITIES; OPERATING SUBSIDIARY 19.241 Priority: Other Significant
ANNUAL REPORT Legal Deadline: Final, Statutory, Legal Authority: 15 USC 1681s(b); 15
December 11, 2004. USC 1681w
Priority: Substantive, Nonsignificant
Adjustments must be made at least
Legal Authority: 12 USC 1 et seq; 12 once every 4 years. CFR Citation: 12 CFR 30 app B; 12
USC 93a; 12 USC 481 Abstract: This rulemaking would CFR 41
adjust civil money penalties to account
CFR Citation: 12 CFR 5.34 Legal Deadline: Final, Statutory,
for inflation. The Federal Civil
December 4, 2004, 15 USC 1681w.
Legal Deadline: None Penalties Inflation Act of 1990
(Inflation Adjustment Act), as amended 15 USC 1681W requires the banking
by the Debt Collection Improvement agencies to issue final rules no later
Abstract: This rulemaking would revise
OCC’s rules governing national bank Act of 1996 (Debt Collection Act) than one year after date of enactment
operating subsidiaries. The rulemaking requires federal agencies with authority of the statute.
would require a national bank to file to administer civil money penalties Abstract: OCC, together with the Board
an annual report with OCC that (CMPs) to publish regulations to adjust of Governors of the Federal Reserve
identifies its operating subsidiaries that each CMP. The purpose of these System, Federal Deposit Insurance
do business with consumers and are adjustments is to maintain the deterrent Corporation, and the Office of the
not otherwise functionally regulated effect of CMPs and to promote Thrift Supervision, (the banking
subsidiaries under section 5(c)(5) of the compliance with the law. The Debt agencies), are issuing a joint rulemaking
Bank Holding Company Act of 1956, Collection Act provides detailed to implement section 216 of the Fair
as amended. The proposed annual instructions on the manner in which and Accurate Credit Transactions Act
filing would contain the name of each the inflation adjustment shall be of 2003. Section 216 requires the
reportable operating subsidiary, its state calculated. The Inflation Adjustment banking agencies, the National Credit
of incorporation, and a brief description Act requires adjustment to be made at Union Administration, the Securities
of its activities. OCC would then make least once every four years following and Exchange Commission, and the
this information available to the public the initial adjustment. OCC’s prior Federal Trade Commission to adopt
on its Internet Web page. OCC adjustment to each CMP was published consistent and comparable regulations,
anticipates that this rulemaking would in the Federal Register on December 11,
to the extent possible, requiring entities
not have a significant impact on 2000 at 65 FR 77250 and became
subject to their jurisdiction to properly
national banks. effective that same day. Accordingly,
dispose of consumer information as a
this final rule must be effective no later
Timetable: means to reduce the risk of identity
than December 11, 2004.
theft.
Action Date FR Cite Because the Debt Collection Act
NPRM 03/25/04 69 FR 15260 provides OCC with no discretion in Timetable:
NPRM Comment 04/26/04 calculating the amount of the civil Action Date FR Cite
Period End money penalty adjustment, notice and
Final Action 11/00/04 comment are unnecessary. Accordingly, NPRM 06/08/04 69 FR 31913
the changes to the regulation will be Final Action 12/00/04
Regulatory Flexibility Analysis issued as a final rule.
Required: No Regulatory Flexibility Analysis
Timetable: Required: No
Government Levels Affected: Action Date FR Cite
Undetermined Small Entities Affected: No
Final Action 11/00/04
Federalism: Undetermined Government Levels Affected: None
Regulatory Flexibility Analysis
Agency Contact: Patrick T. Tierney, Required: No Agency Contact: Deborah Katz, Senior
Attorney, Department of the Treasury, Small Entities Affected: No Counsel, Department of the Treasury,
Comptroller of the Currency, Legislative Comptroller of the Currency, Legislative
Government Levels Affected: None and Regulatory Activities Division, 250
and Regulatory Activities Division, 250
E Street SW., Washington, DC 20219 Agency Contact: Jean Campbell, Senior E Street SW., Washington, DC 20219
Phone: 202 874–5090 Attorney, Department of the Treasury, Phone: 202 874–5090
Fax: 202 874–4889 Comptroller of the Currency, Legislative Fax: 202 874–4889
Email: patrick.tierney@occ.treas.gov and Regulatory Activities Division, 250 Email: deborah.katz@occ.treas.gov
E Street SW., Washington, DC 20219
RIN: 1557–AC81 Phone: 202 874–5090 RIN: 1557–AC84

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TREAS—OCC Final Rule Stage

2559. FAIR CREDIT REPORTING 2560. FAIR CREDIT; AFFILIATE standards to ensure the safety and
REGULATIONS; USE OF MEDICAL MARKETING REGULATIONS soundness of the national banking
INFORMATION; FACT ACT Priority: Other Significant system and to implement statutory
requirements, OCC is amending various
Priority: Other Significant. Major status Legal Authority: 12 USC 1 et seq; 12 provisions of the capital rules for
under 5 USC 801 is undetermined. USC 24 (seventh); 12 USC 93a; 12 USC national banks. The change involves
481; 12 USC 484; 12 USC 1818; 15 USC changes to securities borrowing
Legal Authority: 12 USC 1 et seq; 12 1681a; 15 USC 1681b; 15 USC 1681s transactions. The interim final rule
USC 24 (seventh); 12 USC 93a; 12 USC adopted changes to the capital
CFR Citation: 12 CFR 41
481; 12 USC 484; 12 USC 1818; 15 USC treatment of securities borrowing
1681a; 15 USC 1681(b); 15 USC 1681(s) Legal Deadline: Other, Statutory,
transactions, specifically by amending
August 6, 2004, See section 214 of the
CFR Citation: 12 CFR 41 the market risk rules on the capital
FACT Act, PL 108–159.
treatment for cash collateral. OCC is
Legal Deadline: None Abstract: OCC, the Board of Governors conducting this rulemaking jointly with
of the Federal Reserve System, the the other Federal banking agencies.
Abstract: OCC is considering a Federal Deposit Insurance Corporation,
Timetable:
rulemaking to implement section 411 the Office of the Thrift Supervision, the
of the Fair and Accurate Credit National Credit Union Administration, Action Date FR Cite
Transactions Act of 2003 (FACT Act). and the Federal Trade Commission are Interim Final Rule 12/05/00 65 FR 75856
Section 411(a) requires OCC to planning to issue a rulemaking that Final Action 09/00/05
prescribe regulations that permit would implement the affiliate-sharing
creditors to obtain or use medical provisions of section 214 of the Fair Regulatory Flexibility Analysis
information for certain credit eligibility and Accurate Credit Transactions Act Required: No
purposes. Additionally, section 411(b) (FACT Act). The regulations would Small Entities Affected: No
restricts the sharing of medical implement the consumer notice and
Government Levels Affected: None
information and related lists or opt-out provisions of the FACT Act
descriptions with affiliates. However, it regarding the sharing of consumer Agency Contact: Ron Shimabukuro,
permits sharing of experience information among affiliates for Special Counsel, Department of the
information among affiliates and marketing purposes. Treasury, Comptroller of the Currency,
sharing other information among Legislative and Regulatory Activities
Timetable:
affiliates after providing the consumer Division, 250 E Street SW.,
notice and an opportunity to op-out.
Action Date FR Cite Washington, DC 20219
Finally, section 411(b) authorizes OCC NPRM 07/15/04 69 FR 42502 Phone: 202 874–5090
to issue rules to allow additional Final Action 11/00/04 Fax: 202 874–4889
sharing of information determined by Email: ron.shimabukuro@occ.treas.gov
Regulatory Flexibility Analysis
OCC to be appropriate or necessary. Required: No Related RIN: Split from 1557–AB14
This rulemaking would establish for RIN: 1557–AC90
OCC a new 12 CFR part 41, Fair Credit Government Levels Affected: None
Regulations, to implement the FACT Agency Contact: Patrick T. Tierney,
Act and to allow certain sharing of Attorney, Department of the Treasury, 2562. ∑ INTERAGENCY GUIDANCE ON
medical information. Comptroller of the Currency, Legislative RESPONSE PROGRAMS FOR
and Regulatory Activities Division, 250 UNAUTHORIZED ACCESS TO
Timetable: E Street SW., Washington, DC 20219 CUSTOMER INFORMATION AND
Action Date FR Cite Phone: 202 874–5090 CUSTOMER NOTICE
Fax: 202 874–4889 Priority: Other Significant
NPRM 04/28/04 69 FR 23380 Email: patrick.tierney@occ.treas.gov
Final Action 11/00/04 Legal Authority: 15 USC 6801
RIN: 1557–AC88
CFR Citation: 12 CFR 30, app B
Regulatory Flexibility Analysis
Required: No 2561. SECURITIES BORROWING Legal Deadline: None
TRANSACTIONS Abstract: OCC, the Board of Governors
Small Entities Affected: No
Priority: Substantive, Nonsignificant. of the Federal Reserve System, the
Government Levels Affected: None Major status under 5 USC 801 is Federal Deposit Insurance Corporation,
undetermined. and the Office of Thrift Supervision
Agency Contact: Patrick T. Tierney, (the Agencies) are issuing an
Attorney, Department of the Treasury, Legal Authority: 12 USC 93a; 12 USC interpretation of section 501(b) of the
Comptroller of the Currency, Legislative 161; 12 USC 1828 note; 12 USC Gramm-Leach-Bliley Act and the
and Regulatory Activities Division, 250 1828(n); 12 USC 1831n note; 12 USC Interagency Guidelines Establishing
E Street SW., Washington, DC 20219 1835; 12 USC 3907; 12 USC 3909 Standards for Safeguarding Customer
Phone: 202 874–5090 CFR Citation: 12 CFR 3 Information. This interpretation
Fax: 202 874–4889 describes the Agencies’ expectations
Legal Deadline: None regarding the response programs,
Email: patrick.tierney@occ.treas.gov
Abstract: As part of OCC’s ongoing including customer notification
RIN: 1557–AC85 efforts to develop and refine capital procedures, that a financial institution

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73664 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—OCC Final Rule Stage

should develop and implement to Timetable: Agency Contact: Deborah Katz, Senior
address the unauthorized access to or Action Date FR Cite Counsel, Department of the Treasury,
use of customer information that could Comptroller of the Currency, Legislative
Final Action 11/00/04 and Regulatory Activities Division, 250
result in substantial harm or
inconvenience to a customer. The Regulatory Flexibility Analysis E Street SW., Washington, DC 20219
agency published a notice and request Required: No Phone: 202 874–5090
for comment regarding this Fax: 202 874–4889
Small Entities Affected: No Email: deborah.katz@occ.treas.gov
interpretation on August 12, 2003, at
68 FR 47954. Government Levels Affected: None RIN: 1557–AC92

Department of the Treasury (TREAS) Long-Term Actions


Comptroller of the Currency (OCC)

2563. INTERAGENCY PROPOSAL TO Heidi M. Thomas Email: margaret.hesse@occ.treas.gov


CONSIDER ALTERNATIVE FORMS OF Phone: 202 874–5090
RIN: 1557–AC86
PRIVACY NOTICES UNDER THE Fax: 202 874–4889
GRAMM–LEACH–BLILEY ACT Email: heidi.thomas@occ.treas.gov
Priority: Substantive, Nonsignificant. RIN: 1557–AC80 2565. ACCURACY AND INTEGRITY OF
Major status under 5 USC 801 is INFORMATION FURNISHED TO A
undetermined. CONSUMER REPORTING AGENCY
2564. COMMUNITY REINVESTMENT
CFR Citation: 12 CFR 40 Priority: Substantive, Nonsignificant
ACT REGULATIONS
Timetable: Priority: Substantive, Nonsignificant CFR Citation: Not Yet Determined
Action Date FR Cite CFR Citation: 12 CFR 25 Timetable:
ANPRM 12/30/03 68 FR 75164 Timetable: Action Date FR Cite
ANPRM Comment 03/29/04 NPRM To Be Determined
Period End Action Date FR Cite
NPRM To Be Determined Interim Rule 07/08/04 69 FR 41181 Regulatory Flexibility Analysis
Final Action To Be Determined Required: No
Regulatory Flexibility Analysis
Required: Undetermined Regulatory Flexibility Analysis Small Entities Affected: Businesses
Government Levels Affected: None Required: No Government Levels Affected: None
Federalism: Undetermined Small Entities Affected: No Agency Contact: Michael Bylsma
Government Levels Affected: None Phone: 202 874–5750
Agency Contact: Amy S. Friend
Fax: 202 874–5322
Phone: 202 874–5200 Agency Contact: Margaret Hesse
Email: michael.bylsma@occ.treas.gov
Fax: 202 874–5374 Phone: 202 874–5750
Email: amy.friend@occ.treas.gov Fax: 202 874–5322 RIN: 1557–AC89

Department of the Treasury (TREAS) Completed Actions


Comptroller of the Currency (OCC)

2566. FAIR CREDIT REPORTING 2567. MAINTENANCE OF RECORDS 2568. RULES, POLICIES, AND
REGULATIONS PROCEDURES FOR CORPORATE
Priority: Substantive, Nonsignificant
Priority: Substantive, Nonsignificant ACTIVITIES
CFR Citation: 12 CFR 7
CFR Citation: 12 CFR 41 Priority: Other Significant
Completed:
Completed: CFR Citation: 12 CFR 5
Reason Date FR Cite
Reason Date FR Cite Completed:
Withdrawn 09/14/04
Withdrawn 09/14/04 Reason Date FR Cite
Regulatory Flexibility Analysis Regulatory Flexibility Analysis
Required: No Final Action 08/16/04 69 FR 50293
Required: No
Government Levels Affected: None Government Levels Affected: None Regulatory Flexibility Analysis
Required: No
Agency Contact: Patrick T. Tierney Agency Contact: Jean Campbell
Phone: 202 874–5090 Phone: 202 874–5090 Government Levels Affected: None
Fax: 202 874–4889 Fax: 202 874–4889
Agency Contact: Heidi M. Thomas
Email: patrick.tierney@occ.treas.gov Email: jean.campbell@occ.treas.gov
Phone: 202 874–5090
RIN: 1557–AB78 RIN: 1557–AB99 Fax: 202 874–4889

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73665

TREAS—OCC Completed Actions

Email: heidi.thomas@occ.treas.gov Regulatory Flexibility Analysis Completed:


RIN: 1557–AC11 Required: No Reason Date FR Cite
Government Levels Affected: None NPRM 04/23/04 69 FR 21978
2569. RISK–BASED CAPITAL; Final Action 08/19/04 69 FR 51355
CAPITAL ADEQUACY GUIDELINES; Agency Contact: Ron Shimabukuro
CAPITAL MAINTENANCE: INTERIM Phone: 202 874–5090 Regulatory Flexibility Analysis
CAPITAL TREATMENT OF Fax: 202 874–4889 Required: No
CONSOLIDATED ASSET–BACKED Email: ron.shimabukuro@occ.treas.gov
COMMERCIAL PAPER PROGRAM Small Entities Affected: No
ASSETS Related RIN: Merged with 1557–AC77
Government Levels Affected: None
Priority: Other Significant RIN: 1557–AC76
CFR Citation: 12 CFR 3 Agency Contact: Mitchell Plave
Phone: 202 874–5090
Completed: 2570. LENDING LIMITS PILOT Fax: 202 874–4889
Reason Date FR Cite PROGRAM Email: mitchell.plave@occ.treas.gov
Extension of Final 04/26/04 69 FR 22383 Priority: Substantive, Nonsignificant
Rule
RIN: 1557–AC83
CFR Citation: 12 CFR 32 BILLING CODE 4810–33–S
Final Action 07/28/04 69 FR 44908

Department of the Treasury (TREAS) Proposed Rule Stage


Internal Revenue Service (IRS)

2571. FOREIGN INSURANCE 1111 Constitution Avenue NW, Treasury attorney: Andrew Froberg
COMPANIES Washington, DC 20224 (202) 622-1779
Priority: Substantive, Nonsignificant Phone: 202 622–3870 CC:INTL
Legal Authority: 26 USC 7805; 26 USC RIN: 1545–AL82 Agency Contact: Theodore D. Setzer,
842; 26 USC 864 Attorney–Advisor, Department of the
CFR Citation: 26 CFR 1 2572. COMPUTATION OF A BRANCH’S Treasury, Internal Revenue Service,
TAXABLE INCOME; TAXATION OF 1111 Constitution Avenue NW,
Legal Deadline: None EXCHANGE GAIN OR LOSS ON Washington, DC 20224
Abstract: This regulation will prescribe BRANCH REMITTANCES Phone: 202 622–3870
rules for determining income from Priority: Substantive, Nonsignificant RIN: 1545–AM12
stocks effectively connected under the
asset use test with the conduct of an Legal Authority: 26 USC 7805
insurance business in the United States CFR Citation: 26 CFR 1 2573. OUTBOUND TRANSFERS OF
by a foreign company. PROPERTY TO FOREIGN
Legal Deadline: None CORPORATIONS
Timetable:
Abstract: This regulation relates to Priority: Substantive, Nonsignificant
Action Date FR Cite branch rules and how to translate
branch income, the taxation of Legal Authority: 26 USC 7805; 26 USC
NPRM 06/00/05
exchange gain or loss on branch 367
Regulatory Flexibility Analysis
remittances. CFR Citation: 26 CFR 1
Required: No
Timetable: Legal Deadline: None
Small Entities Affected: No
Action Date FR Cite Abstract: The income tax regulations
Government Levels Affected: None
NPRM 09/25/91 56 FR 48457 under section 367(a) will be amended
Additional Information: REG-209066-88 to reflect the changes made to that
Second NPRM 12/00/04
(INTL-024-88) section by the Technical and
Regulatory Flexibility Analysis Miscellaneous Corrections Act of 1988.
Drafting attorney: Sheila Ramaswamy
Required: No Section 367(a)(5) now provides that a
(202) 622-3870
Small Entities Affected: No transfer of assets to a foreign
Reviewing attorney: Steven Jensen (202) corporation in an exchange described
622-3870 Government Levels Affected: None in section 361 is subject to section
Treasury attorney: Michael Caballero Additional Information: REG-208270-86 367(a)(1), unless certain ownership
(202) 622-0851 (INTL-965-86) requirements and other conditions are
met. The regulations will provide
CC:INTL Drafting attorney: Theodore D. Setzer guidance regarding the application of
Agency Contact: Sheila Ramaswamy, (202) 622-3870 this section. The change in the statute
Attorney–Advisor, Department of the Reviewing attorney: Jeffrey Dorfman was necessitated by the repeal of
Treasury, Internal Revenue Service, (202) 622-3870 ‘‘General Utilities.’’

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73666 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

Timetable: Phone: 202 622–3840 Timetable:


Action Date FR Cite RIN: 1545–AO25 Action Date FR Cite
NPRM 06/00/05 NPRM 12/00/04
Regulatory Flexibility Analysis 2575. TAXATION OF GLOBAL Regulatory Flexibility Analysis
Required: No TRADING Required: No
Small Entities Affected: No Priority: Substantive, Nonsignificant Small Entities Affected: No
Government Levels Affected: None Legal Authority: 26 USC 7805; 26 USC Government Levels Affected: None
864; 26 USC 482; 26 USC 863
Additional Information: REG-209006-89 Additional Information: REG-208265-90
(INTL-089-89) CFR Citation: 26 CFR 1 (INTL-102-90)
Drafting attorney: Richard L. Osborne Legal Deadline: None Drafting attorney: Garrett D. Gregory
(202) 622-3860 Abstract: These regulations will (202) 622-3870
Reviewing attorney: Charles P. Besecky improve the taxation of global trading. Reviewing attorney: Paul S. Epstein
(202) 622-3860 Timetable: (202) 622-3870
CC:INTL Action Date FR Cite Treasury attorney: Andrew Froberg
Agency Contact: Richard L. Osborne, (202) 622-1779
ANPRM 08/28/90 55 FR 35152
Attorney–Advisor, Department of the NPRM 03/06/98 63 FR 11177 CC:INTL
Treasury, Internal Revenue Service, NPRM Comment 06/04/98 Agency Contact: Garrett D. Gregory,
1111 Constitution Avenue NW, Period End Attorney–Advisor, Department of the
Washington, DC 20224 Hearing 07/14/98 Treasury, Internal Revenue Service,
Phone: 202 622–3860 Second NPRM 12/00/04 1111 Constitution Avenue NW,
RIN: 1545–AM97 Regulatory Flexibility Analysis Washington, DC 20224
Required: No Phone: 202 622–3870
2574. FOREIGN INSURANCE Small Entities Affected: No RIN: 1545–AP10
COMPANY—DOMESTIC ELECTION Government Levels Affected: None
Priority: Substantive, Nonsignificant Additional Information: REG-208299-90 2577. INTEGRATED FINANCIAL
Legal Authority: 26 USC 7805; 26 USC (INTL-70-90) TRANSACTION
953 Drafting attorney: Theodore D. Setzer Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1 (202) 622-3870 Legal Authority: 26 USC 7805; 26 USC
Legal Deadline: None Reviewing attorney: Paul S. Epstein 864
(202) 622-3870 CFR Citation: 26 CFR 1
Abstract: This regulation will provide
substantive and procedural rules Treasury attorney: Patricia Brown (202) Legal Deadline: None
regarding the election under section 622-1781
Abstract: The regulation addresses
953(d) to treat certain controlled foreign CC:INTL whether funding raised for a securities
corporations engaged in the insurance Agency Contact: Theodore D. Setzer, dealing and/or trading operation, and
business as domestic corporations. Attorney–Advisor, Department of the whether matched book sale and
Timetable: Treasury, Internal Revenue Service, repurchase transactions conducted by
Action Date FR Cite 1111 Constitution Avenue NW, securities dealers qualify as integrated
Washington, DC 20224 financial transactions under section
NPRM 12/00/04 Phone: 202 622–3870 1.861-10(c).
Regulatory Flexibility Analysis RIN: 1545–AP01 Timetable:
Required: No
Action Date FR Cite
Small Entities Affected: No 2576. INFORMATION REPORTING AND NPRM 12/00/04
Government Levels Affected: None RECORD MAINTENANCE
Regulatory Flexibility Analysis
Additional Information: REG-208980-89 Priority: Substantive, Nonsignificant Required: No
(INTL-765-89) Legal Authority: 26 USC 7805; 26 USC Small Entities Affected: No
Drafting attorney: Valerie A. Mark- 7801; 26 USC 6038C
Lippe (202) 622-3840 Government Levels Affected: None
CFR Citation: 26 CFR 1
Reviewing attorney: Phyllis Marcus Additional Information: REG-209604-93
Legal Deadline: None (INTL-001-93)
(202) 622-3840
Abstract: This regulation will Drafting attorney: Theodore D. Setzer
CC:INTL implement the directives of section (202) 622-3870
Agency Contact: Valerie A. 6038C. This will be accomplished by
Mark–Lippe, Attorney–Advisor, requiring foreign corporations engaged Reviewing attorney: Paul S. Epstein
Department of the Treasury, Internal in a U.S. business to provide specific (202) 622-3870
Revenue Service, 1111 Constitution information regarding related party Treasury attorney: Patricia Brown (202)
Avenue NW, Washington, DC 20224 transactions. 622-1781

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73667

TREAS—IRS Proposed Rule Stage

CC:INTL how section 1503(d), treatment of dual Agency Contact: M. Grace Fleeman,
Agency Contact: Theodore D. Setzer, consolidated losses, will apply to Senior Counsel, Department of the
Attorney–Advisor, Department of the partnerships. Treasury, Internal Revenue Service,
Treasury, Internal Revenue Service, Timetable: 1111 Constitution Avenue NW,
1111 Constitution Avenue NW, Washington, DC 20224
Action Date FR Cite
Washington, DC 20224 Phone: 202 622–3880
Phone: 202 622–3870 NPRM 12/00/04
RIN: 1545–AU91
RIN: 1545–AR20 Regulatory Flexibility Analysis
Required: Undetermined
Government Levels Affected: None 2581. AGREEMENTS FOR PAYMENT
2578. FOREIGN TRUSTS OF TAX LIABILITIES IN
REGULATIONS Additional Information: REG-209564-92
INSTALLMENTS
(INTL-037-92)
Priority: Substantive, Nonsignificant
Drafting attorney: Kathryn T. Holman Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC (202) 622-3860
6048 Legal Authority: 26 USC 6159; 26 USC
Reviewing attorney: Michael H. Frankel 7805
CFR Citation: 26 CFR 1 (202) 622-3860
Legal Deadline: None Treasury attorney: Michael Caballero CFR Citation: 26 CFR 301
Abstract: This document revises (202) 622-0851 Legal Deadline: None
regulations relating to certain foreign CC:INTL
trusts under section 6048 of the Abstract: The regulations reflect the
Internal Revenue Code. Agency Contact: Kathryn T. Holman, amendment of I.R.C. section 6159,
Attorney–Advisor, Department of the
Timetable: section 202 of the Taxpayer Bill of
Treasury, Internal Revenue Service,
Rights 2, which provides that upon
Action Date FR Cite 1111 Constitution Avenue NW,
Washington, DC 20224 request by a taxpayer the Secretary
NPRM 06/00/05
Phone: 202 622–3860 shall provide an independent review of
Regulatory Flexibility Analysis the termination of an installment
RIN: 1545–AR26 agreement. The regulations also reflect
Required: No
the amendment to section 6159(c),
Small Entities Affected: No which guarantees the availability of
2580. APPLICATION OF ATTRIBUTION
Government Levels Affected: None RULES TO FOREIGN TRUSTS installment agreements to taxpayers in
Additional Information: REG-209594-92 Priority: Substantive, Nonsignificant certain circumstances.
(INTL-067-92) Timetable:
Unfunded Mandates: Undetermined
Drafting attorney: M. Grace Fleeman Legal Authority: 26 USC 7805 Action Date FR Cite
(202) 622-3880
CFR Citation: 26 CFR 1 NPRM 12/31/97 62 FR 68241
Reviewing attorney: Elizabeth U.
Karzon (202) 622-3880 Legal Deadline: None Second NPRM 12/00/04

Treasury attorney: John Harrington Abstract: The regulations will provide Regulatory Flexibility Analysis
(202) 622-0589 attribution rules for foreign trusts with Required: No
respect to foreign personal holding
CC:INTL companies, foreign passive investment Small Entities Affected: No
Agency Contact: M. Grace Fleeman, companies, and controlled foreign
Senior Counsel, Department of the corporations. Government Levels Affected: None
Treasury, Internal Revenue Service, Timetable: Additional Information: REG-100841-97
1111 Constitution Avenue NW,
Washington, DC 20224 Action Date FR Cite
Drafting attorney: Frederick W.
Phone: 202 622–3880 NPRM 12/00/04 Schindler (202) 622-3620
RIN: 1545–AR25 Regulatory Flexibility Analysis
Reviewing attorney: Lawrence
Required: No
Schattner (202) 622-3620
2579. TREATMENT OF DUAL Small Entities Affected: No
CONSOLIDATED LOSSES CC:PA:CBS
Government Levels Affected: None
Priority: Substantive, Nonsignificant Federalism: Undetermined Agency Contact: Frederick W.
Legal Authority: 26 USC 1503; 26 USC Additional Information: REG-252774-96 Schindler, Attorney–Advisor,
7805 Department of the Treasury, Internal
Drafting attorney: M. Grace Fleeman Revenue Service, 1111 Constitution
CFR Citation: 26 CFR 1 (202) 622-3880 Avenue NW, Washington, DC 20224
Legal Deadline: None Reviewing attorney: Elizabeth Karzon Phone: 202 622–3620
Abstract: The proposed regulation (202) 622-3880
RIN: 1545–AU97
makes the determination of when and CC:INTL

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73668 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

2582. RULES FOR SOURCING Additional Information: REG-113129-98 2585. AWARDING OF COSTS AND
CERTAIN TRANSPORTATION CERTAIN FEES
Drafting attorney: Deborah Lambert-
INCOME, SPACE, OR OCEAN Priority: Substantive, Nonsignificant
Dean (202) 622-4570
ACTIVITY INCOME, AND RELATED
FOREIGN BASE COMPANY SHIPPING Reviewing attorney: Donald Squires Legal Authority: 26 USC 7805; 26 USC
INCOME (202) 622-4570 7430
Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1
Treasury attorney: Eric San Juan (202)
Legal Authority: 26 USC 7805 622-0224 Legal Deadline: None
CC:PA:DPL Abstract: The proposed amendments to
CFR Citation: 26 CFR 1
the Treasury Regulations incorporate
Legal Deadline: None Agency Contact: Deborah C. the 1997 and 1998 amendments to 26
Abstract: The regulation provides Lambert–Dean, Attorney–Advisor, U.S.C. 7430, relating to the awarding
guidance for application of the source Department of the Treasury, Internal of attorney’s fees in administrative and
rules for transportation income under Revenue Service, 1111 Constitution court proceedings. The amendments to
section 863(c). Avenue NW, Washington, DC 20224 26 U.S.C. 7430 were enacted under the
Phone: 202 622–4570 Taxpayer Relief Act of 1997 and the
Timetable: Fax: 202 622–4520 IRS Restructuring and Reform Act of
Action Date FR Cite 1998.
RIN: 1545–AX40
NPRM 06/00/05 Timetable:
Regulatory Flexibility Analysis 2584. CASH OR DEFERRED Action Date FR Cite
Required: Undetermined ARRANGEMENTS (TEMPORARY) NPRM 12/00/04
Government Levels Affected: None Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis
Additional Information: REG-115557-98 Required: No
Unfunded Mandates: Undetermined
Drafting attorney: Patricia A. Bray and Small Entities Affected: No
David L. Lundy (202 622-3880 Legal Authority: 26 USC 7805 Government Levels Affected: None
Reviewing attorney: Elizabeth Karzon CFR Citation: 26 CFR 1 Additional Information: REG-111833-99
(202) 622-3880 Legal Deadline: None Drafting attorney: Tami C. Belouin
Treasury attorney: Carl Dubert (202) (202) 622-3847
Abstract: The proposed regulations
622-0222 Reviewing attorneys: Susan T. Mosley
update and revise regulations for cash
CC:INTL or deferred arrangements. (202) 622-7950 and Henry S.
Agency Contact: Patricia A. Bray, Schneiderman (202) 622-3400
Timetable:
Attorney–Advisor, Department of the Treasury attorney: Julian Kim (202)
Treasury, Internal Revenue Service, Action Date FR Cite 622-1981
1111 Constitution Avenue NW, Temporary 12/00/04 CC:PA:APJ
Washington, DC 20224 Regulations
Phone: 202 622–3880 Agency Contact: Tami C. Belouin,
Regulatory Flexibility Analysis Attorney–Advisor, Department of the
RIN: 1545–AX02 Required: No Treasury, Internal Revenue Service,
Small Entities Affected: Businesses 1111 Constitution Avenue NW,
2583. INSPECTION OF WRITTEN Washington, DC 20224
Government Levels Affected: None Phone: 202 622–3847
DETERMINATIONS
Priority: Substantive, Nonsignificant Additional Information: REG-108639-99 RIN: 1545–AX46
Unfunded Mandates: Undetermined Drafting attorney: R. Lisa Mojiri-Azad
(202) 622-6080 2586. HIGHLY COMPENSATED
Legal Authority: 26 USC 7805 EMPLOYEE
Reviewing attorney: Marjorie Hoffman
CFR Citation: 26 CFR 301 Priority: Substantive, Nonsignificant
(202) 622-6030
Legal Deadline: None Legal Authority: 26 USC 414
Treasury attorney: W. Thomas Reeder
Abstract: This regulation amends (202) 622-1341 CFR Citation: 26 CFR 1
Treasury Regulation section 301.6110-
1 to include Chief Counsel Advice. CC:TEGE Legal Deadline: None
Agency Contact: R. Lisa Mojiri–Azad, Abstract: This regulations will provide
Timetable:
Senior Attorney, Department of the the definition of highly compensated
Action Date FR Cite employee.
Treasury, Internal Revenue Service,
NPRM 03/00/05 1111 Constitution Avenue NW, Timetable:
Regulatory Flexibility Analysis Washington, DC 20224 Action Date FR Cite
Required: No Phone: 202 622–6060
NPRM 12/00/04
Small Entities Affected: No Related RIN: Related to 1545–AX26
Regulatory Flexibility Analysis
Government Levels Affected: None RIN: 1545–AX43 Required: No

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73669

TREAS—IRS Proposed Rule Stage

Small Entities Affected: No 2588. DEFINITION OF PASSIVE Abstract: This regulation clarifies when
FOREIGN INVESTMENT COMPANY a controlled foreign corporation cannot
Government Levels Affected: None UNDER SECTION 1297 exclude sales income from foreign-
Additional Information: REG-111277-99 Priority: Substantive, Nonsignificant based company sales income under the
manufacturing exception by reason of
Drafting attorney: R. Lisa Mojiri-Azad Legal Authority: 26 USC 7805; 26 USC activities of a contract manufacturer.
(202) 622-6080 1297 Likewise, the branch rule under IRC
Reviewing attorney: Marjorie Hoffman CFR Citation: 26 CFR 1 section 954(d)(2) does not apply to a
(202) 622-6030 Legal Deadline: None contract manufacturer.
Abstract: This regulation defines a Timetable:
CC:TEGE
passive foreign investment company Action Date FR Cite
Agency Contact: R. Lisa Mojiri–Azad, (PFIC) under section 1297(a) and the
Senior Attorney, Department of the NPRM 12/00/04
terms ‘‘passive income’’ and ‘‘passive
Treasury, Internal Revenue Service, asset’’ under section 1297(b). The Regulatory Flexibility Analysis
1111 Constitution Avenue NW, regulation will also set forth the Required: No
Washington, DC 20224 exceptions to the terms ‘‘passive Small Entities Affected: No
Phone: 202 622–6060 income’’ and ‘‘passive asset,’’ and
Government Levels Affected: None
RIN: 1545–AX48 provide guidance on the applicability
of the look-through rule under section Federalism: Undetermined
1297(c), in cases involving PFICs that Additional Information: REG-106356-00
2587. MODIFICATION TO SECTION own 25 percent or more of a lower-
367(A) STOCK TRANSFER Drafting attorney: Valerie A. Mark-
tier foreign subsidiary. In addition, the
REGULATIONS Lippe (202) 622-3840
regulation will provide guidance under
section 1297(e), regarding the overlap Reviewing attorney: Phyllis E. Marcus
Priority: Substantive, Nonsignificant
rule between a controlled foreign (202) 622-3840
Legal Authority: 26 USC 367 corporation and a PFIC. CC:INTL
CFR Citation: 26 CFR 1; 26 CFR 602 Timetable: Agency Contact: Valerie A.
Action Date FR Cite Mark–Lippe, Attorney–Advisor,
Legal Deadline: None
Department of the Treasury, Internal
NPRM 12/00/04
Abstract: This regulation will modify Revenue Service, 1111 Constitution
section 367(a), stock transfer Regulatory Flexibility Analysis Avenue NW, Washington, DC 20224
regulations, to address abuses under Required: No Phone: 202 622–3840
check-the-box and through the use of Small Entities Affected: No RIN: 1545–AX91
convertible stock.
Government Levels Affected: None
Timetable: Additional Information: REG-100427-00 2590. GUIDANCE ON CHANGES TO
Action Date FR Cite Drafting attorney: Ethan A. Atticks THE LAWS FOR CORPORATE
(202) 622-3840 ESTIMATED TAXES
NPRM 12/00/04
Reviewing attorney: Valerie A. Mark Priority: Substantive, Nonsignificant
Regulatory Flexibility Analysis
Required: No Lippe (202) 622-3840 Legal Authority: 26 USC 7805; 26 USC
Treasury attorney: Carl Dubert (202) 6655
Small Entities Affected: No CFR Citation: Not Yet Determined
622-0222
Government Levels Affected: None CC:INTL Legal Deadline: None
Additional Information: REG-116053-99 Agency Contact: Ethan A. Atticks, Abstract: The proposed regulations
Attorney–Advisor, Department of the provide guidance on changes to the law
Drafting attorney: Robert W. Lorence
Treasury, Internal Revenue Service, for corporate estimated taxes.
(202) 622-3860
1111 Constitution Avenue NW, Timetable:
Reviewing attorney: Charles Besecky Washington, DC 20224
(202) 622-3860 Phone: 202 622–3840 Action Date FR Cite
RIN: 1545–AX78 NPRM 12/00/04
Treasury attorney: Michael Caballero
(202) 622-0851 Regulatory Flexibility Analysis
2589. CLARIFICATION OF Required: No
CC:INTL
FOREIGN–BASED COMPANY SALES Small Entities Affected: Businesses
Agency Contact: Robert W. Lorence, INCOME RULES Government Levels Affected: None
Senior Counsel, Department of the
Priority: Substantive, Nonsignificant Additional Information: REG-107722-00
Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, Legal Authority: 26 USC 7805; 26 USC Drafting attorney: Joseph DeWald (202)
Washington, DC 20224 954 622-4910
Phone: 202 622–3860 CFR Citation: 26 CFR 1 Reviewing attorney: Pamela W. Fuller
RIN: 1545–AX77 Legal Deadline: None (202) 622-4910

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73670 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

Treasury attorney: George Manousos Phone: 202 622–3860 to the transfer of intangibles to foreign
(202) 622-1335 corporations.
CC:PA:APJ Ronald M. Gootzeit, Attorney–Advisor,
Timetable:
Department of the Treasury, Internal
Agency Contact: Joseph P. Dewald, Revenue Service, 1111 Constitution Action Date FR Cite
Attorney–Advisor, Department of the Avenue NW, Washington, DC 20224 NPRM 12/00/04
Treasury, Internal Revenue Service, Phone: 202 622–3860
1111 Constitution Avenue NW, Regulatory Flexibility Analysis
Washington, DC 20224 Related RIN: Related to 1545–BD80 Required: No
Phone: 202 622–4910 RIN: 1545–AY28 Small Entities Affected: No
RIN: 1545–AY22 Government Levels Affected: None
2592. TAXABLE YEARS OF
Federalism: Undetermined
2591. WITHHOLDING TAX ON CONTROLLED FOREIGN
FOREIGN PARTNERS’ SHARE OF CORPORATIONS (CFCS) AND Additional Information: REG-106877-00
EFFECTIVELY CONNECTED INCOME FOREIGN PERSONAL HOLDING Drafting attorney: Thomas D. Beem
COMPANIES (FPHCS) (202) 622-3860
Priority: Substantive, Nonsignificant
Priority: Substantive, Nonsignificant Reviewing attorney: Michael H. Frankel
Legal Authority: 26 USC 7805; 26 USC
1446 Legal Authority: 26 USC 7805; 26 USC (202) 622-3860
898 Treasury attorney: David Ernick (202)
CFR Citation: 26 CFR 1
CFR Citation: 26 CFR 1 622-1754
Legal Deadline: None
Legal Deadline: None CC:INTL
Abstract: The regulations provide
guidance for partnerships obligated to Abstract: This regulation will provide Agency Contact: Thomas D. Beem,
pay withholding tax under section 1446 definitions and rules for determining Attorney–Advisor, Department of the
of the Internal Revenue Code. the required year for CFCs and FPHCs. Treasury, Internal Revenue Service,
Specifically, the proposed and 1111 Constitution Avenue NW, 1111
Timetable:
temporary regulations address the Constitution Avenue NW, Washington,
circumstances under which a Action Date FR Cite DC 20224
partnership may reduce its withholding NPRM 12/00/04 Phone: 202 622–3860
tax due based upon certifications of RIN: 1545–AY41
Regulatory Flexibility Analysis
losses by foreign partners or when the
Required: No
partnership is in bankruptcy. The
temporary regulations will be effective Small Entities Affected: No 2594. PREVIOUSLY TAXED EARNINGS
for partnership taxable years beginning AND PROFITS UNDER SUBPART F
Government Levels Affected: None
after the date the regulations are Priority: Substantive, Nonsignificant
published in the Federal Register. Additional Information: REG-108523-00
Unfunded Mandates: Undetermined
Timetable: Drafting attorney: Jeffrey L. Vinnik
(202) 622-3840 Legal Authority: 26 USC 7805; 26 USC
Action Date FR Cite 959
Reviewing attorney: Phyllis Marcus
NPRM 09/03/03 68 FR 52466 (202) 622-3840 CFR Citation: 26 CFR 1
Second NPRM 03/00/05
CC:INTL Legal Deadline: None
Regulatory Flexibility Analysis
Required: No Agency Contact: Jeffrey L. Vinnik, Abstract: This regulation will address
Attorney–Advisor, Department of the the determination of previously taxed
Small Entities Affected: Businesses Treasury, Internal Revenue Service, earnings and profits under subpart F.
Government Levels Affected: 1111 Constitution Avenue NW, Timetable:
Undetermined Washington, DC 20224
Phone: 202 622–3840 Action Date FR Cite
Additional Information: REG-108524-00
RIN: 1545–AY30 NPRM 12/00/04
Drafting attorneys: David J. Sotos (202)
622-3860; Ronald M. Gootzeit (202) Regulatory Flexibility Analysis
622-3860 2593. SPECIAL RULES RELATING TO Required: No
Reviewing attorney: Michael H. Frankel TRANSFERS OF INTANGIBLES TO Small Entities Affected: No
(202) 622-3860 FOREIGN CORPORATIONS Government Levels Affected: None
Treasury attorney: Michael Caballero Priority: Substantive, Nonsignificant Additional Information: REG-121509-00
(202) 622-0851
Legal Authority: 26 USC 7805; 26 USC Drafting attorney: Jonathan A. Sambur
CC:INTL 367 (202) 622-3840
Agency Contact: David J. Sotos, CFR Citation: 26 CFR 1
Attorney–Advisor, Department of the Reviewing attorney: Phyllis E. Marcus
Treasury, Internal Revenue Service, Legal Deadline: None (202) 622-3840
1111 Constitution Avenue NW, Abstract: The regulations will address Treasury attorney: Carl Dubert (202)
Washington, DC 20224 the income tax consequences relating 622-0222

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73671

TREAS—IRS Proposed Rule Stage

CC:INTL information in judicial and Drafting attorney: Ethan A. Atticks


Agency Contact: Jonathan A. Sambur, administrative tax proceedings (202) 622-3840
Attorney–Advisor, Department of the pursuant to 26 U.S.C. 6103(h)(4). Reviewing attorney: Valerie Mark-Lippe
Treasury, Internal Revenue Service, Timetable: (202) 622-3840
1111 Constitution Avenue NW, Treasury attorney: Andy Froberg (202)
Action Date FR Cite
Washington, DC 20224 622-1779
Phone: 202 622–3840 NPRM 06/00/05
CC:INTL
RIN: 1545–AY54 Regulatory Flexibility Analysis
Required: No Agency Contact: Ethan A. Atticks,
Attorney–Advisor, Department of the
2595. LIABILITIES ASSUMED IN Small Entities Affected: No Treasury, Internal Revenue Service,
CERTAIN CORPORATE Government Levels Affected: None 1111 Constitution Avenue NW,
TRANSACTIONS Washington, DC 20224
Additional Information: REG-120297-01
Priority: Substantive, Nonsignificant Phone: 202 622–3840
Drafting attorney: Geoffrey M. Campbell
Legal Authority: 26 USC 357 (202) 622-4570 RIN: 1545–AY92
CFR Citation: 26 CFR 1 Reviewing attorney: David L. Fish (202)
Legal Deadline: None 622-4580 2598. TRANSACTIONS INVOLVING
OBLIGATIONS OF CONSOLIDATED
Abstract: These proposed regulations Treasury attorney: Eric San Juan (202) GROUP MEMBERS
relate to the assumption of liabilities 622-0224
in certain corporate transactions under Priority: Substantive, Nonsignificant
section 357 of the Internal Revenue CC:PA:DPL
Legal Authority: 26 USC 7805; 26 USC
Code, and affect corporations and their Agency Contact: Geoffrey M. 1502
shareholders. Campbell, Attorney, Department of the
Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1
Timetable:
1111 Constitution Avenue NW, Legal Deadline: None
Action Date FR Cite Washington, DC 20024 Abstract: The proposed regulations are
ANPRM 05/06/03 68 FR 23931 Phone: 202 622–4570 in regard to intercompany obligations.
NPRM 06/00/05 RIN: 1545–AY89 Timetable:
Regulatory Flexibility Analysis
Action Date FR Cite
Required: No
2597. TRANSITIONAL RELIEF FOR
Small Entities Affected: No NPRM 11/00/04
QUALIFIED INTERMEDIARIES
Government Levels Affected: None Regulatory Flexibility Analysis
Priority: Substantive, Nonsignificant. Required: No
Additional Information: REG-100818-01 Major status under 5 USC 801 is
undetermined. Small Entities Affected: No
Drafting attorney: Douglas C. Bates
(202) 622-7550 Unfunded Mandates: Undetermined Government Levels Affected: None
Reviewing attorney: Debra Carlisle Legal Authority: 26 USC 7805; 26 USC Additional Information: REG-107592-00
(202) 622-7550 1441 Drafting attorney: Frances Kelly (202)
CC:COR CFR Citation: 26 CFR 1 622-7072
Agency Contact: Douglas C. Bates, Legal Deadline: None Reviewing attorney: Michael J. Wilder
Attorney–Advisor, Department of the (202) 622-3393
Treasury, Internal Revenue Service, Abstract: The regulation will
Treasury attorney: Audrey Nacamuli
1111 Constitution Avenue NW, promulgate Notices 2001-4, 2001-11
(202) 622-5721
Washington, DC 20224 and 2001-43 into the section 1441
regulation. Generally, the Notices CC:COR
Phone: 202 622–7550
provide transitional relief with respect Agency Contact: Frances L. Kelly,
RIN: 1545–AY74 to the new withholding regime for Attorney–Advisor, Department of the
qualified intermediaries. Treasury, Internal Revenue Service,
2596. DISCLOSURE OF RETURNS Timetable: 1111 Constitution Avenue NW,
AND RETURN INFORMATION IN Washington, DC 20224
Action Date FR Cite Phone: 202 622–7770
JUDICIAL AND ADMINISTRATIVE TAX
PROCEEDINGS NPRM 12/00/04 Related RIN: Related to 1545–AW30
Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis RIN: 1545–BA11
Unfunded Mandates: Undetermined Required: No
Legal Authority: 26 USC 6103 Small Entities Affected: No
2599. DEDUCTIBILITY OF EMPLOYER
CFR Citation: 26 CFR 301 Government Levels Affected: CONTRIBUTIONS FOR DEFERRED
Undetermined COMPENSATION
Legal Deadline: None
Abstract: This proposed rule relates to Federalism: Undetermined Priority: Substantive, Nonsignificant
the disclosure of returns and return Additional Information: REG-125443-01 Unfunded Mandates: Undetermined

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73672 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

Legal Authority: 26 USC 7805 Drafting attorney: Susan Athy (202) Reviewing attorney: Robert A. Miller
CFR Citation: 26 CFR 1 622-3130 (202) 622-3600
Legal Deadline: None Reviewing attorneys: Frank Boland Treasury attorney: Jonathan Ackerman
(202) 622-3130 and Phillip Howard (202) 622-1981
Abstract: These regulations will update (202) 622-3000
and clarify the general rules for CC:PA:CBS
Treasury attorney: John Parcell (202)
deductibility of employer contributions Agency Contact: Elizabeth D. Rawlins,
622-2578
to qualified retirement plans and other Attorney–Advisor, Department of the
deferred compensation arrangements. CC:PSI Treasury, Internal Revenue Service,
Timetable: Agency Contact: Susan Athy, 1111 Constitution Avenue NW,
Attorney–Advisor, Department of the Washington, DC 20224
Action Date FR Cite Treasury, Internal Revenue Service, Phone: 202 622–3600
NPRM 06/00/05 1111 Constitution Avenue NW, RIN: 1545–BA31
Regulatory Flexibility Analysis Washington, DC 20224
Phone: 202 622–3130
Required: No
RIN: 1545–BA27 2602. INCOME FROM SOURCES
Small Entities Affected: Businesses WITHIN SPECIFIED POSSESSION
Government Levels Affected: None Priority: Substantive, Nonsignificant
2601. SUSPENSION OF STATUTES OF
Additional Information: REG-139449-01 LIMITATION IN JOHN DOE AND Legal Authority: 26 USC 7805; 26 USC
Drafting attorney: Linda S.F. Marshall THIRD–PARTY SUMMONS DISPUTES, 931; 26 USC 911
(202) 622-6090 AND EXPANSION OF TAXPAYERS’ CFR Citation: 26 CFR 1
RIGHTS TO RECEIVE NOTICE AND
Reviewing attorney: Mark Schwimmer Legal Deadline: None
SEEK JUDICIAL REVIEW OF THIRD
(202) 622-6090
PARTY SUMMONSES Abstract: This regulation will remove
Treasury attorney: Thomas Reeder (202) Priority: Substantive, Nonsignificant section 1.931-1 and references thereto
622-1341 in other sections.
Legal Authority: 26 USC 7603; 26 USC
CC:TEGE 7609 Timetable:
Agency Contact: Linda Marshall, CFR Citation: 26 CFR 301 Action Date FR Cite
Senior Counsel, Department of the
Treasury, Internal Revenue Service, Legal Deadline: None NPRM 06/00/05
1111 Constitution Avenue NW, Abstract: The proposed regulation Regulatory Flexibility Analysis
Washington, DC 20224 provides guidance regarding modified Required: No
Phone: 202 622–8012 rules for serving summonses on third-
party recordkeepers, the broadened Small Entities Affected: No
RIN: 1545–BA13
range of summonses subject to the Government Levels Affected: None
notice requirements, and the
Additional Information: REG-159068-01
2600. GASOLINE TAX CLAIMS suspension of limitations periods when
court actions are brought or when a Drafting attorney: Ethan A. Atticks
Priority: Substantive, Nonsignificant
summoned third party fails to fully (202) 622-3840
Legal Authority: 26 USC 7805; 26 USC respond to a summons. This proposed Reviewing attorney: Phyllis E. Marcus
6416 regulation incorporates the changes (202) 622-3840
CFR Citation: 26 CFR 48 enacted in the Internal Revenue Service
Restructuring and Reform Act of 1998, Treasury attorney: Carl Dubert (202)
Legal Deadline: None Omnibus Budget Reconciliation Act of 622-0222
Abstract: The proposed regulation will 1990, Technical and Miscellaneous CC:INTL
provide guidance regarding claims for Revenue Act of 1988, and the Tax
credit or refund of the gasoline tax Agency Contact: Ethan A. Atticks,
Reform Act of 1986. This regulation is
under section 6416(b)(2) of the Internal Attorney–Advisor, Department of the
a continuation of the regulation project
Revenue Code. Treasury, Internal Revenue Service,
previously numbered at REG-208225-
1111 Constitution Avenue NW,
Timetable: 88.
Washington, DC 20224
Action Date FR Cite
Timetable: Phone: 202 622–3840
Action Date FR Cite RIN: 1545–BA37
ANPRM 10/23/01 66 FR 53564
NPRM 06/00/05 NPRM 12/00/04
Regulatory Flexibility Analysis Regulatory Flexibility Analysis 2603. TREATMENT OF CERTAIN
Required: No Required: No OBLIGATION–SHIFTING
Small Entities Affected: Businesses, Small Entities Affected: No TRANSACTIONS
Governmental Jurisdictions Government Levels Affected: None Priority: Substantive, Nonsignificant
Government Levels Affected: Local, Additional Information: REG-153037-01 Legal Authority: 26 USC 7805; 26 USC
State, Tribal Drafting attorney: Elizabeth D. Rawlins 864(c)(6); 26 USC 7701(e)
Additional Information: REG-143219-01 (202) 622-3600 CFR Citation: 26 CFR 1

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73673

TREAS—IRS Proposed Rule Stage

Legal Deadline: None Reviewing attorney: Bruce M. Serchuk 2606. PROVISIONS REGARDING
Abstract: This regulation proposes a (202) 622-3980 CROSS–BORDER TRANSACTIONS
rule that applies to a single taxpayer Treasury attorney: Stephen J. Watson Priority: Substantive, Nonsignificant.
engaging in certain tax-motivated (202) 622-1322 Major status under 5 USC 801 is
obligation-shifting transfers to prevent undetermined.
tax avoidance. Similar multi-party tax CC:TEGE Unfunded Mandates: Undetermined
avoidance techniques are addressed by
Property Treasury Regulation section Agency Contact: Rose M. Weber, Legal Authority: 26 USC 7805; 26 USC
1.7701(i)-2 (1996). This regulation also Attorney–Advisor, Department of the 368(a)
would modify a rule in the proposed Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1
regulation dealing with certain related- 1111 Constitution Avenue NW,
Washington, DC 20224 Legal Deadline: None
party transfers that might, in its present
form, present opportunities for tax Phone: 202 622–3980 Abstract: This proposed regulation will
avoidance. make conforming changes to account
RIN: 1545–BA45 for cross-border section 368(a)(1)(A)
Timetable:
mergers.
Action Date FR Cite 2605. ALLOCATION AND Timetable:
NPRM 12/00/04 APPORTIONMENT RULES: GUIDANCE
Action Date FR Cite
Regulatory Flexibility Analysis ON SELECTED ISSUES
NPRM 12/00/04
Required: No Priority: Substantive, Nonsignificant
Small Entities Affected: No Regulatory Flexibility Analysis
Legal Authority: 26 USC 7805; 26 USC Required: No
Government Levels Affected: None 863 Small Entities Affected: No
Additional Information: REG-160799-01
CFR Citation: 26 CFR 1 Government Levels Affected: None
Drafting attorney: Jeffrey L. Vinnik
(202) 622-3840 Legal Deadline: None Federalism: Undetermined
Reviewing attorney: David N. Bowen Additional Information: REG-125628-01
Abstract: This regulation provides
(202) 622-3800 guidance with respect to the allocation Drafting attorney: Robert W. Lorence
Treasury attorney: Rocco Femia (202) and apportionment under section 861 (202) 622-3860
622-1755 of selected deductions, e.g., disaster Reviewing attorney: Charles Besecky
CC:INTL losses and research and (202) 622-3860
experimentation expenses. CC:INTL
Agency Contact: Jeffrey L. Vinnik,
Attorney–Advisor, Department of the Timetable: Agency Contact: Robert W. Lorence,
Treasury, Internal Revenue Service, Senior Counsel, Department of the
Action Date FR Cite
1111 Constitution Avenue NW, Treasury, Internal Revenue Service,
Washington, DC 20224 NPRM 06/00/05 1111 Constitution Avenue NW,
Phone: 202 622–3840 Washington, DC 20224
Regulatory Flexibility Analysis
RIN: 1545–BA41 Required: No Phone: 202 622–3860
RIN: 1545–BA65
Small Entities Affected: No
2604. MULTIFAMILY HOUSING BONDS
Priority: Substantive, Nonsignificant Government Levels Affected: None 2607. CIRCULAR 230—PHASE 2
Legal Authority: 26 USC 7805 NONSHELTER REVISIONS
Additional Information: REG-128240-01
CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant
Drafting attorney: Teresa B. Hughes Unfunded Mandates: Undetermined
Legal Deadline: None (202) 622-3850
Abstract: These regulations relate to Legal Authority: 31 USC 330
various issues with respect to Reviewing attorney: Anne O. Devereaux
CFR Citation: 26 CFR 1
multifamily housing bonds. (202) 622-3850
Legal Deadline: None
Timetable: Treasury attorney: John Harrington
Abstract: These regulations propose
Action Date FR Cite (202) 622-0589
amendments to the rules governing
NPRM 12/00/04 CC:INTL practice before the Internal Revenue
Service.
Regulatory Flexibility Analysis Agency Contact: Teresa B. Hughes,
Required: Undetermined Timetable:
Attorney–Advisor, Department of the
Government Levels Affected: Local, Treasury, Internal Revenue Service, Action Date FR Cite
State 1111 Constitution Avenue NW, ANPRM 12/19/02 67 FR 77724
Additional Information: REG-163765-01 Washington, DC 20224 NPRM 12/00/04
Phone: 202 622–3850
Drafting attorney: Rose M. Weber (202) Regulatory Flexibility Analysis
622-3980 RIN: 1545–BA64 Required: No

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73674 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

Small Entities Affected: No 2609. GUIDANCE TO FACILITATE Treasury attorney: Eric San Juan (202)
Government Levels Affected: None ELECTRONIC TAX ADMINISTRATION 622-0224
Priority: Substantive, Nonsignificant CC:PA:APJ
Additional Information: REG-122380-02
Unfunded Mandates: Undetermined Agency Contact: Charles A. Hall,
Drafting attorney: Heather L. Dostaler
Legal Authority: 26 USC 7805 Senior Counsel, Department of the
(202) 622-8445
Treasury, Internal Revenue Service,
Reviewing attorney: Richard S. CFR Citation: 26 CFR 301 1111 Constitution Avenue NW,
Goldstein (202) 622-7820 Legal Deadline: None Washington, DC 20224
Treasury attorney: Julian Kim (202) Abstract: This regulation will facilitate Phone: 202 622–4940
622-1981 electronic tax administration. RIN: 1545–BA99
CC:PA:APJ Timetable:
Agency Contact: Heather L. Dostaler, Action Date FR Cite 2611. COMMUNICATIONS EXCISE
Attorney–Advisor, Department of the NPRM 12/00/04
TAX; TAXABLE COMMUNICATION
Treasury, Internal Revenue Service, SERVICES
Regulatory Flexibility Analysis
1111 Constitution Avenue NW, Priority: Substantive, Nonsignificant
Required: No
Washington, DC 20224 Legal Authority: 26 USC 4251; 26 USC
Phone: 202 622–4940 Small Entities Affected: No
7805
RIN: 1545–BA72 Government Levels Affected: None
CFR Citation: 26 CFR 49
Additional Information: REG-137243-02
Legal Deadline: None
2608. ALLOCATION OF NEW Drafting attorney: Bridget E. Tombul
(202) 622-4940 Abstract: This regulation provides a
MARKETS TAX CREDIT
definition of taxable communications
Priority: Substantive, Nonsignificant Reviewing attorney: Ashton P. Trice services under section 4251.
(202) 622-4940
Unfunded Mandates: Undetermined Timetable:
Treasury attorney: John Parcell (202)
Legal Authority: 26 USC 45D; 26 USC 622-2578 Action Date FR Cite
7805
CC:PA:APJ ANPRM 07/02/04 69 FR 40345
CFR Citation: 26 CFR 1 Agency Contact: Bridget E. Tombul, NPRM 12/00/04
Legal Deadline: None Attorney–Advisor, Department of the Regulatory Flexibility Analysis
Abstract: The regulations will address Treasury, Internal Revenue Service, Required: No
how the section 45D new markets tax 1111 Constitution Avenue NW, Small Entities Affected: No
credit should be allocated to the Washington, DC 20224
Phone: 202 622–4940 Government Levels Affected:
partners of a partnership under section Undetermined
704(b) of the Internal Revenue Code RIN: 1545–BA96
and will address related partnership Additional Information: REG-137076-02
issues. Drafting attorney: Cynthia A. McGreevy
2610. TIMELY MAILING TREATMENT
Timetable: (202) 622-3130
Priority: Substantive, Nonsignificant
Action Date FR Cite
Reviewing attorneys: Frank Boland
Legal Authority: 26 USC 7502 (202) 622-3130 and Phillip Howard
NPRM 06/00/05 CFR Citation: 26 CFR 301 (202) 622-3000
Regulatory Flexibility Analysis Legal Deadline: None Treasury attorney: John Parcell (202)
Required: No 622-2578
Abstract: This regulation will expressly
Small Entities Affected: Businesses provide that a registered or certified CC:PSI
Government Levels Affected: None mail receipt is the sole means to prove Agency Contact: Cynthia A. McGreevy,
delivery of a document to the Internal Attorney–Advisor, Department of the
Additional Information: REG-131999-02 Revenue Service. Treasury, Internal Revenue Service,
Drafting attorney: Michael Goldman Timetable: 1111 Constitution Avenue NW,
(202) 622-3080 Washington, DC 20224
Action Date FR Cite
Reviewing attorney: James Quinn (202) Phone: 202 622–3130
NPRM 12/00/04
622-3070 RIN: 1545–BB04
Regulatory Flexibility Analysis
CC:PSI
Required: Undetermined
Agency Contact: Michael Goldman, 2612. COST SHARING
Government Levels Affected: None
Attorney–Advisor, Department of the Priority: Substantive, Nonsignificant
Treasury, Internal Revenue Service, Additional Information: REG-138176-02
1111 Constitution Avenue NW, Drafting attorney: Charles A. Hall (202) Legal Authority: 26 USC 7805; 26 USC
Washington, DC 20224 622-4940 482
Phone: 202 622–3080 Reviewing attorney: Ashton Trice (202) CFR Citation: 26 CFR 1
RIN: 1545–BA84 622-4940 Legal Deadline: None

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73675

TREAS—IRS Proposed Rule Stage

Abstract: These proposed regulations Government Levels Affected: None CFR Citation: 26 CFR 1
will provide additional guidance on Additional Information: REG-144784-02 Legal Deadline: None
cost sharing arrangements under
section 482. Drafting attorney: Ginny Y. Chung (202) Abstract: This regulation relates to
622-3850 taxation of cross-border and foreign-to-
Timetable:
Reviewing attorney: Barbara Felker foreign substitute dividend payments in
Action Date FR Cite securities lending and similar
(202) 622-3850
NPRM 12/00/04 transactions.
CC:INTL
Regulatory Flexibility Analysis Timetable:
Required: No Agency Contact: Ginny Y. Chung,
Action Date FR Cite
Attorney–Advisor, Department of the
Small Entities Affected: No Treasury, Internal Revenue Service, NPRM 12/00/04
Government Levels Affected: None 1111 Constitution Avenue NW, Regulatory Flexibility Analysis
Federalism: Undetermined Washington, DC 20224 Required: Undetermined
Phone: 202 622–3850
Additional Information: REG-144615-02 Government Levels Affected: Federal
RIN: 1545–BB28
Drafting attorneys: David Bowen (202) Additional Information: REG-130751-01
622-3800 and Jeffrey Parry (202) 435-
5265 2614. AMENDING THE LOW–INCOME Drafting attorney: Jeffrey L. Vinnik
HOUSING TAX CREDIT PROGRAM (202) 622-3840
Reviewing attorney: Elizabeth G. Beck
(202) 435-5265 Priority: Substantive, Nonsignificant Reviewing attorney: David Bowen (202)
622-3800
Treasury attorney: Rocco Femia (202) Legal Authority: 26 USC 42; 26 USC
622-1755 7805 CC:INTL
CC:INTL CFR Citation: 26 CFR 1 Agency Contact: Jeffrey L. Vinnik,
Attorney–Advisor, Department of the
Agency Contact: David Bowen, Legal Deadline: None Treasury, Internal Revenue Service,
Attorney–Advisor, Department of the
Abstract: These regulations are 1111 Constitution Avenue NW,
Treasury, Internal Revenue Service,
amendments to the general public use Washington, DC 20224
1111 Constitution Avenue NW,
requirements in the low-income Phone: 202 622–3840
Washington, DC 20224
Phone: 202 435–5265 housing tax credit program. RIN: 1545–BB56
RIN: 1545–BB26 Timetable:
Action Date FR Cite 2616. LOSS LIMITATION RULES—
2613. APPLICATION OF SEPARATE GENERAL UTILITIES REPEAL
NPRM 12/00/04
LIMITATIONS TO DIVIDENDS FROM
Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant
NONCONTROLLED SECTION 902 Legal Authority: 26 USC 337(d); 26
Required: No
CORPORATION USC 7805; 26 USC 1502
Small Entities Affected: No
Priority: Substantive, Nonsignificant
Government Levels Affected: None CFR Citation: 26 CFR 1
Legal Authority: 26 USC 7805; 26 USC
904(d)(6) Additional Information: REG-151145-02 Legal Deadline: None
CFR Citation: 26 CFR 1 Drafting attorney: Jack Malgeri (202) Abstract: The regulations will provide
622-3040 guidance to corporations that are
Legal Deadline: None members of an affiliated group filing
Abstract: The Taxpayer Relief Act of Reviewing attorney: Harold Burghart a consolidated income tax return and
1997 amended the foreign tax credit (202) 622-3040 that own stock of a subsidiary member
limitation rules under section 904(d) CC:PSI of the group. The regulations will
and extended lookthrough treatment to prevent rules relating to certain
dividends paid by a 10/50 lookthrough Agency Contact: Jack Malgeri, adjustments to the basis of subsidiary
corporation, effective for earnings and Attorney–Advisor, Department of the member stock from having the effect of
profits accumulated in tax years Treasury, Internal Revenue Service, offsetting certain income and gain upon
beginning after December 31, 2002. 1111 Constitution Avenue NW, a disposition of the stock by the
These regulations would provide Washington, DC 20224 consolidated group.
guidance needed to comply with these Phone: 202 622–3040
Timetable:
changes, including transition rules for RIN: 1545–BB37
dividends paid by a 10/50 lookthrough Action Date FR Cite
corporation. NPRM 12/00/04
2615. SUBSTITUTE DIVIDEND
Timetable: PAYMENTS IN SECURITIES LENDING Regulatory Flexibility Analysis
Action Date FR Cite AND SIMILAR TRANSACTIONS Required: No
NPRM 12/00/04 Priority: Substantive, Nonsignificant Small Entities Affected: No
Regulatory Flexibility Analysis Legal Authority: 26 USC 7805; 26 USC Government Levels Affected:
Required: Undetermined 7701; 26 USC 863 Undetermined

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73676 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

Federalism: Undetermined 2618. CONTRIBUTIONS TO disregarded in valuing an interest


PURCHASE CERTAIN RETIREMENT under section 2704 of the Internal
Additional Information: REG-157711-02 ANNUITIES OR CUSTODIAL Revenue Code.
Drafting attorney: Martin Huck (202) ACCOUNTS UNDER SECTION 403(B) Timetable:
622-7750 Priority: Substantive, Nonsignificant Action Date FR Cite
Reviewing attorney: Theresa Abell (202) Legal Authority: 26 USC 403(b); 26 NPRM 12/00/04
622-7700 USC 7805
Regulatory Flexibility Analysis
CFR Citation: 26 CFR 1 Required: No
CC:COR
Legal Deadline: None Small Entities Affected: No
Agency Contact: Martin T. Huck,
Abstract: This regulation would revise Government Levels Affected: None
Attorney–Advisor, Department of the
and update the current section 403(b)
Treasury, Internal Revenue Service, Additional Information: REG-163113-02
regulations to reflect the numerous
1111 Constitution Avenue NW,
statutory revisions to this section of the Drafting attorney: John MacEachen
Washington, DC 20224
Internal Revenue Code since these (202) 622-3253
Phone: 202 622–7750
regulations were first promulgated in
1964. Section 403(b) concerns the Reviewing attorney: George Masnik
RIN: 1545–BB61 (202) 622-3090
income tax exclusion for contributions
to purchase certain retirement annuities Treasury attorney: Catherine Hughes
2617. SAFE HARBOR LEASING or custodial accounts made for their (202) 622-9407
SECOND INTEREST CAPITALIZATION employees by certain tax-exempt CC:PSI
Priority: Substantive, Nonsignificant employers or State-sponsored
educational institutions. Agency Contact: John MacEachen,
Legal Authority: 26 USC 263A(f) Attorney–Advisor, Department of the
Timetable: Treasury, Internal Revenue Service,
CFR Citation: 26 CFR 1 Action Date FR Cite 1111 Constitution Avenue NW,
Washington, DC 20224
Legal Deadline: None NPRM 12/00/04
Phone: 202 622–7830
Regulatory Flexibility Analysis
Abstract: This regulation clarifies RIN: 1545–BB71
Required: No
treatment under Internal Revenue Code
section 263A(f) of interest expense Small Entities Affected: Governmental
Jurisdictions 2620. REMIC RESIDUALS—TIMING OF
incurred in connection with safe harbor
INCOME FOR FOREIGN HOLDERS
leases under former Internal Revenue Government Levels Affected: Local,
Code section 168(f)(8). State, Tribal Priority: Substantive, Nonsignificant

Timetable: Additional Information: REG-155608-02 Legal Authority: 26 USC 860G(b); 26


USC 7805
Action Date FR Cite Drafting attorney: John A. Tolleris (202)
622-6060 CFR Citation: 26 CFR 1
NPRM 07/00/05
Reviewing attorney: Cheryl Press (202) Legal Deadline: None
Regulatory Flexibility Analysis 622-6060 Abstract: These regulations under 26
Required: No U.S.C. 860G(b) accelerate the
Treasury attorney: William Bortz (202)
622-1352 recognition of income associated with
Small Entities Affected: No
a REMIC resident interest that is
CC:TEGE allocation to foreign person, including
Government Levels Affected: None
Agency Contact: John A. Tolleris, a foreign partner in a U.S. partnership.
Additional Information: REG-148399-02 Attorney, Department of the Treasury, Timetable:
Drafting attorney: Grant D. Anderson Internal Revenue Service, 1111
Constitution Avenue NW, Washington, Action Date FR Cite
(202) 622-4930
DC 20224 NPRM 12/00/04
Reviewing attorney: Donna Crisalli Phone: 202 622–6060
Regulatory Flexibility Analysis
(202) 622-4800 RIN: 1545–BB64 Required: Undetermined
CC:ITA Government Levels Affected:
2619. LIQUIDATION OF AN INTEREST Undetermined
Agency Contact: Grant D. Anderson,
Attorney–Advisor, Department of the Priority: Substantive, Nonsignificant Federalism: Undetermined
Treasury, Internal Revenue Service, Legal Authority: 26 USC 2704(b) Additional Information: REG-159929-02
1111 Constitution Avenue NW,
Washington, DC 20224 CFR Citation: 26 CFR 25 Drafting attorney: Arturo Estrada (202)
Phone: 202 622–4930 Legal Deadline: None 622-3900
Abstract: This regulation relates to CC:FI
Related RIN: Related to 1545–BB63
additional rules for determining when Agency Contact: Arturo Estrada,
RIN: 1545–BB62 restrictions on liquidation are Attorney–Advisor, Department of the

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73677

TREAS—IRS Proposed Rule Stage

Treasury, Internal Revenue Service, U.S.C. 21 relating to dependent care securities to which this approach
1111 Constitution Avenue NW, credits. applies; (2) the taxpayers who may
Washington, DC 20224 Timetable: elect this approach; (3) the election into
Phone: 202 622–3900 the approach; (4) the applicable
Action Date FR Cite financial statements to be used; (5) the
RIN: 1545–BB84
NPRM 12/00/04 recordkeeping, retention, and
availability requirements for
2621. PREDECESSORS OR Regulatory Flexibility Analysis verification of financial statement-tax
SUCCESSORS UNDER SECTION Required: No conformity; and (6) what approach will
355(E) Small Entities Affected: No apply if the election for financial
Priority: Substantive, Nonsignificant Government Levels Affected: None statement-tax conformity is not made.
A notice of proposed rulemaking is
Unfunded Mandates: Undetermined Additional Information: REG-139059-02 being drafted currently based upon
Legal Authority: 26 USC 355; 26 USC Drafting attorney: Warren M. Joseph comments received from the ANPRM.
7805 (202) 622-4920 Timetable:
CFR Citation: 26 CFR 1 Reviewing attorney: Robert Berkovsky Action Date FR Cite
Legal Deadline: None (202) 622-4920
NPRM 12/00/04
Abstract: These regulations under CC:ITA
Regulatory Flexibility Analysis
section 355(e) set forth whether a Agency Contact: Warren M. Joseph, Required: Undetermined
transferor to or a transferee of Attorney–Advisor, Department of the
distributing or controlled assets is a Treasury, Internal Revenue Service, Government Levels Affected: None
predecessor or successor. 1111 Constitution Avenue NW, Additional Information: REG-100420-03
Timetable: Washington, DC 20224
Drafting attorney: Marsha A. Sabin
Phone: 202 622–4920
Action Date FR Cite (202) 622-3950 or John W. Rogers (202)
RIN: 1545–BB86 622-3950
NPRM 12/00/04
Reviewing attorney: Robert Williams
Regulatory Flexibility Analysis 2623. GUIDANCE REGARDING (202) 622-3960
Required: No MARK–TO–MARKET VALUATION FOR Treasury attorneys: Michael Novey
Small Entities Affected: No CERTAIN SECURITIES (202) 622-1339 and Viva Hammer (202)
Government Levels Affected: None Priority: Substantive, Nonsignificant 622-0869
Additional Information: REG-145535-02 Legal Authority: 26 USC 7805; 26 USC CC:FI
Drafting attorney: Krishna P. 475; 26 USC 446 Agency Contact: Marsha A. Sabin,
Vallabhaneni (202) 622-7550 CFR Citation: 26 CFR 1 Attorney–Advisor, Department of the
Reviewing attorney: Stephen P. Fattman Treasury, Internal Revenue Service,
Legal Deadline: None
(202) 622-7700 1111 Constitution Avenue NW,
Abstract: Section 475(a) requires that Washington, DC 20224
Treasury attorney: Audrey Nacamuli dealers in securities mark their Phone: 202 622–3950
(202) 622-5721 securities to market. If the security is
RIN: 1545–BB90
CC:COR inventory, the dealer must include that
security at fair market value. Taxpayers
Agency Contact: Krishna P. must treat any securities that are not 2624. PARTNERSHIP EQUITY FOR
Vallabhaneni, Attorney–Advisor, inventory as if they were sold for its SERVICES
Department of the Treasury, Internal fair market value on the last business
Revenue Service, 1111 Constitution Priority: Substantive, Nonsignificant
day of the year. While the legal
Avenue NW, Washington, DC 20224 definition of the term ‘‘fair market Unfunded Mandates: Undetermined
Phone: 202 622–7550 value’’ has long been settled, the statute Legal Authority: 26 USC 721; 26 USC
RIN: 1545–BB85 is silent as to what valuation 83
methodology should be used to
determine fair market value of any CFR Citation: 26 CFR 1
2622. DEPENDENT CARE CREDIT particular security. Many of the Legal Deadline: None
Priority: Substantive, Nonsignificant securities subject to section 475 raise Abstract: These proposed regulations
Unfunded Mandates: Undetermined difficult valuation issues. An advanced will describe the tax treatment of
notice of proposed rulemaking partnership equity issued in connection
Legal Authority: 26 USC 21; 26 USC (ANPRM) was issued on May 5, 2003,
7805 with the performance of services.
and asked for comments on a possible
CFR Citation: 26 CFR 1 financial statement-tax conformity safe Timetable:
harbor approach for valuing certain Action Date FR Cite
Legal Deadline: None securities under section 475 for which
Abstract: The notice of proposed the determination of actual fair market NPRM 12/00/04
rulemaking will amend existing but value is administratively difficult. The Regulatory Flexibility Analysis
partially obsolete regulations under 26 ANPRM asked for comments on: (1) the Required: No

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73678 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

Small Entities Affected: No 1111 Constitution Avenue NW, Timetable:


Government Levels Affected: None Washington, DC 20224 Action Date FR Cite
Phone: 202 622–8012
Additional Information: REG-105346-03 NPRM 12/00/04
RIN: 1545–BB93
Drafting attorneys: Demetri Yatrakis Regulatory Flexibility Analysis
(202) 622-3060 Required: No
Reviewing attorney: Audrey Ellis (202) 2626. ACCRUAL FOR CERTAIN REMIC Small Entities Affected: No
622-3060 REGULAR INTERESTS
Government Levels Affected: None
Treasury attorney: Deborah Harrington Priority: Substantive, Nonsignificant
Additional Information: REG-150088-02
(202) 622-1788 Unfunded Mandates: Undetermined
Drafting attorney: Laurence K. Williams
CC:PSI Legal Authority: 26 USC 7805 (202) 622-3600
Agency Contact: Demetri G. Yatrakis, CFR Citation: 26 CFR 1 Reviewing attorney: Alan Levine (202)
Attorney–Advisor, Department of the 622-3600
Treasury, Internal Revenue Service, Legal Deadline: None
1111 Constitution Avenue NW, CC:PA:CBS
Abstract: The proposed regulations
Washington, DC 20224 provide guidance on the accrual of Agency Contact: Laurence K. Williams,
Phone: 202 622–3060 original issue discount on certain attorney, Department of the Treasury,
REMIC regular interests. Internal Revenue Service, 1111
Audrey W. Ellis, Attorney–Advisor, Constitution Avenue NW., Washington,
Department of the Treasury, Internal Timetable: DC 20024
Revenue Service, 1111 Constitution Action Date FR Cite Phone: 202 622–3600
Avenue NW, Washington, DC 20224 RIN: 1545–BB96
Phone: 202 622–3060 NPRM 12/00/04

RIN: 1545–BB92 Regulatory Flexibility Analysis


Required: No 2628. MISCELLANEOUS CHANGES TO
COLLECTION DUE PROCESS
2625. DETERMINATION OF Small Entities Affected: No PROCEDURES RELATING TO
SINGLE–SUM DISTRIBUTIONS FROM Government Levels Affected: None HEARINGS BEFORE LEVY
CASH BALANCE PLANS Priority: Routine and Frequent
Additional Information: REG-108637-03
Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6330
Drafting attorney: Rebecca E. Asta (202)
Unfunded Mandates: Undetermined 622-3930 CFR Citation: 26 CFR 301
Legal Authority: 26 USC 7805 Reviewing attorney: Patrick White (202) Legal Deadline: None
CFR Citation: 26 CFR 1 622-3920 Abstract: The IRS is revising the
Legal Deadline: None CC:FI regulations that apply to Collection Due
Process (CDP) and equivalent hearings
Abstract: These regulations will modify Agency Contact: Rebecca E. Asta, under section 6330 involving Federal
the rules for the determination of Attorney–Advisor, Department of the tax levies.
minimum single-sum distributions from Treasury, Internal Revenue Service,
cash balance pension plans. Timetable:
1111 Constitution Avenue NW,
Timetable: Washington, DC 20224 Action Date FR Cite
Phone: 202 622–3930 NPRM 12/00/04
Action Date FR Cite
RIN: 1545–BB94 Regulatory Flexibility Analysis
NPRM 06/00/05
Required: No
Regulatory Flexibility Analysis
Required: No 2627. MISCELLANEOUS CHANGES TO Small Entities Affected: No
COLLECTION DUE PROCESS Government Levels Affected: None
Small Entities Affected: Organizations PROCEDURES RELATING TO NOTICE
AND OPPORTUNITY FOR HEARING Additional Information: REG-150091-02
Government Levels Affected: None
UPON FILING OF NOTICE OF LIEN Drafting attorney: Laurence K. Williams
Additional Information: REG-168897-02
(202) 622-3600
Drafting attorney: Linda S.F. Marshall Priority: Routine and Frequent
Reviewing attorney: Alan Levine (202)
(202) 622-6090 Legal Authority: 26 USC 6320; 26 USC 622-3610
Reviewing attorney: Marjorie Hoffman 6330
CC:PA:CBS
(202) 622-6030 CFR Citation: 26 CFR 301
Agency Contact: Laurence K. Williams,
Treasury attorney: William Bortz (202) Legal Deadline: None attorney, Department of the Treasury,
622-1352 Internal Revenue Service, 1111
Abstract: The IRS is revising the
CC:TEGE regulations that apply to Collection Due Constitution Avenue NW., Washington,
Agency Contact: Linda Marshall, Process (CDP) and equivalent hearings DC 20024
Senior Counsel, Department of the under section 6320 involving Federal Phone: 202 622–3600
Treasury, Internal Revenue Service, tax liens. RIN: 1545–BB97

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73679

TREAS—IRS Proposed Rule Stage

2629. GENERAL ALLOCATION AND Government Levels Affected: None Regulatory Flexibility Analysis
ACCOUNTING REGULATIONS Additional Information: REG-128274-03 Required: No
Priority: Substantive, Nonsignificant Drafting attorney: David Selig (202) Small Entities Affected: No
Unfunded Mandates: Undetermined 622-3040 Government Levels Affected: None
Legal Authority: 26 USC 7805 Reviewing attorney: Harold Burghart Additional Information: REG-128572-03
(202) 622-3040
CFR Citation: 26 CFR 1 Drafting attorney: Avital Grunhaus
Treasury attorney: Bruce Serchuk (202) (202) 622-3940
Legal Deadline: None 622-1766
Abstract: This regulation provides Reviewing attorney: David Silber (202)
CC:PSI 622-3930
rules for the allocation of and
accounting for bond proceeds for Agency Contact: David Selig, Treasury attorneys: Michael Novey
purposes of determining whether bonds Attorney–Advisor, Department of the (202) 622-1339 and Viva Hammer (202)
are private activity bonds under section Treasury, Internal Revenue Service, 622-0869
141 of the Internal Revenue Code. 1111 Constitution Avenue NW,
Washington, DC 20224 Agency Contact: Avital Grunhaus,
Timetable: Phone: 202 622–3040 Attorney–Advisor, Department of the
Treasury, Internal Revenue Service,
Action Date FR Cite RIN: 1545–BC22 1111 Constitution Avenue NW,
NPRM 07/00/05 Washington, DC 20224
Regulatory Flexibility Analysis 2631. GUIDANCE REGARDING Phone: 202 622–3940
Required: Undetermined APPLICATION OF SECTION 265(A)(2) RIN: 1545–BC24
Government Levels Affected: State AND 246A IN TRANSACTIONS
INVOLVING RELATED PARTIES,
Federalism: Undetermined PASS–THROUGH ENTITIES, OR 2632. GUIDANCE ON PFIC PURGING
OTHER INTERMEDIARIES ELECTIONS
Additional Information: REG-140379-02
Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant.
Drafting attorney: Michael Brewer (202)
Major status under 5 USC 801 is
622-3980 Unfunded Mandates: Undetermined undetermined.
CC:TEGE Legal Authority: 26 USC 7701(f); 26 Unfunded Mandates: Undetermined
Agency Contact: Michael P. Brewer, USC 265(a); 26 USC 246A
Legal Authority: 26 USC 7805
Attorney–Advisor, Department of the CFR Citation: 26 CFR 1
Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1
Legal Deadline: None
1111 Constitution Avenue NW, Legal Deadline: None
Washington, DC 20224 Abstract: Section 7701(f) of the Code
Phone: 202 622–3980 provides that the Secretary shall Abstract: These proposed regulations
prescribe such regulations as may be will provide guidance regarding
RIN: 1545–BC07 necessary or appropriate to prevent the retroactive relief for taxpayers who, in
avoidance of the provisions of the Code limited circumstances, continue to be
2630. UTILITY ALLOWANCE that deal with the linking of borrowing subject to the PFIC excess distribution
REGULATION UPDATE to investment, or diminishing the risk regime of section 1291 although the
through the use of related persons, foreign corporation in which they own
Priority: Substantive, Nonsignificant pass-through entities, or other stock is no longer treated as a PFIC
Legal Authority: 26 USC 42 intermediaries. Section 7701(f) was under section 1298(b)(1) or section
enacted to authorize the issuance of 1297(e).
CFR Citation: 26 CFR 1
regulations to prevent the avoidance of Timetable:
Legal Deadline: None the purposes of sections 265(a)(2)
(which disallows interest on Action Date FR Cite
Abstract: This regulation will modify
and update utility allowance indebtedness incurred or continued to NPRM 12/00/04
regulations under section 1.142-10, purchase or carry tax-exempt
Regulatory Flexibility Analysis
which provides for an alternative obligations) and 246A (which reduces
Required: No
method for computing utility the dividends received deduction under
allowances under section 1.142- sections 243, 244, or 245(a)) in Small Entities Affected: No
10(b)(4)(ii). Also, the regulation will proportion to the extent that the Government Levels Affected: None
provide for annual updates of utility portfolio stock with respect to which
the dividends are received is debt- Additional Information: REG-133446-03
allowances.
financed) through transactions Drafting attorney: Alexandra K. Helou
Timetable: involving related parties, pass-through (202) 622-3840
Action Date FR Cite entities, or other intermediaries. Reviewing attorney: Valerie A. Mark
NPRM 12/00/04 Timetable: Lippe (202) 622-3840
Regulatory Flexibility Analysis Action Date FR Cite Treasury attorney: Carl Dubert (202)
Required: No ANPRM 05/07/04 69 FR 25534 622-0222
Small Entities Affected: No NPRM 12/00/04 CC:INTL

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73680 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

Agency Contact: Alexandra K. Helou, Phone: 202 622–3800 Abstract: The regulations for section
Attorney–Advisor, Department of the RIN: 1545–BC48 7654 (1954 Code) will revise existing
Treasury, Internal Revenue Service, regulations for clarification and the
1111 Constitution Avenue NW, 1111 regulations for section 7654 (1986
Constitution Avenue NW, Washington, 2634. STEWARDSHIP EXPENSES Code) will be new. Internal Revenue
DC 20224 Priority: Substantive, Nonsignificant. Code (IRC) section 7654 contains the
Phone: 202 622–3840 Major status under 5 USC 801 is provisions for cover-over to the U.S.
Related RIN: Related to 1545–BD33 undetermined. Possessions. Old section 7654 (1954
Code) continues to be applicable to
RIN: 1545–BC37 Legal Authority: 26 USC 7805 Guam and the Commonwealth of the
CFR Citation: 26 CFR 1 Northern Mariana Islands (CNMI)
2633. ADDITIONAL GUIDANCE Legal Deadline: None because these two possessions do not
REGARDING MARK–TO–MARKET have an effective implementing
Abstract: The current regulations under agreement with the United States as
ACCOUNTING FOR TRADERS IN
section 1.861-8(e)(4), titled required by the Tax Reform Act of
SECURITIES AND/OR COMMODITIES,
‘‘Stewardship Expenses Attributable to 1986. Regulations are necessary for
INCLUDING FOREIGN CURRENCY
Dividends Received,’’ are confusing and consistent and correct application of
INSTRUMENTS
subject to misuse by taxpayers. In section 7654. For example, cover-over
Priority: Substantive, Nonsignificant. conjunction with the proposed services for (Armed Forces) residents of the
Major status under 5 USC 801 is regulations under section 482, it is possessions stationed outside the
undetermined. proposed to revise these regulations to possessions are not specifically
Unfunded Mandates: Undetermined clarify the parameters of stewardship addressed in the 1954 Code, and
expenses, thereby demarcating them neither is cover-over for Federal
Legal Authority: 26 USC 7805; 26 USC from shareholder activities under
988(a)(1)(B) employees residing in U.S. Possessions.
section 482 and supportive expenses Regulations are needed to carry out the
CFR Citation: 26 CFR 1 under section 1.861-8T(b)(3). provisions of section 7654 and sections
Legal Deadline: None Timetable: 931, 932, and 935.
Abstract: This regulation provides Action Date FR Cite Timetable:
additional rules relating to the trader NPRM 12/00/04 Action Date FR Cite
mark-to-market election: 1) the
coordination of income character rules Regulatory Flexibility Analysis NPRM 12/00/04
of the mark-to-market regime with the Required: No Regulatory Flexibility Analysis
capital election under section Small Entities Affected: No Required: Undetermined
988(a)(1)(B); 2) the definition of Government Levels Affected: None
Government Levels Affected: None
commodities for purposes of section
475; and 3) the application of the mark- Additional Information: REG-138603-03 Additional Information: REG-139900-03
to-market rules for traders that trade Drafting attorney: Teresa B. Hughes Drafting attorney: Mae J. Lew (202) 435-
both securities and commodities in a (202) 622-3850 5262
single business. Reviewing attorney: Ricardo A. Cadenas
Reviewing attorney: Anne O. Devereaux
Timetable: (202) 622-3850 (202) 435-5262
Action Date FR Cite Treasury attorney: Rocco Femia (202) Treasury attorney: Carl Dubert (202)
622-1755 622-1765
NPRM 12/00/04
CC:INTL CC:INTL
Regulatory Flexibility Analysis
Required: No Agency Contact: Teresa B. Hughes, Agency Contact: Mae J. Lew,
Attorney–Advisor, Department of the Attorney–Advisor, Department of the
Small Entities Affected: No Treasury, Internal Revenue Service,
Treasury, Internal Revenue Service,
Government Levels Affected: None 1111 Constitution Avenue NW, 1111 Constitution Avenue NW,
Additional Information: REG-135660-03 Washington, DC 20224 Washington, DC 20224
Phone: 202 622–3850 Phone: 202 435–5262
Drafting attorney: Camille B. Evans
(202) 622-3800 Related RIN: Related to 1545–BD32
RIN: 1545–BC52
Reviewing attorney: Paul S. Epstein RIN: 1545–BC54
(202) 622-3870 2635. COORDINATION OF UNITED
Treasury attorney: Andrew Froberg STATES AND CERTAIN 2636. GUIDANCE UNDER SECTION
(202) 622-1779 POSSESSIONS INCOME TAXES 2053 REGARDING POST–DEATH
EVENTS
CC:INTL Priority: Substantive, Nonsignificant
Priority: Substantive, Nonsignificant.
Agency Contact: Camille B. Evans, Unfunded Mandates: Undetermined
Major status under 5 USC 801 is
Attorney–Advisor, Department of the Legal Authority: 26 USC 7805 undetermined.
Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, CFR Citation: 26 CFR 1; 26 CFR 301 Unfunded Mandates: Undetermined
Washington, DC 20224 Legal Deadline: None Legal Authority: 26 USC 7805

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73681

TREAS—IRS Proposed Rule Stage

CFR Citation: 26 CFR 20 Additional Information: REG-149519-03 revised regulations will discuss the
Legal Deadline: None Drafting attorney: James M. Gergurich continued validity of extension
(202) 622-3070 agreements executed prior to January 1,
Abstract: These regulations relate to 2000.
the amount deductible under section Reviewing attorney: Christine Ellison
2053(a)(3) of the Internal Revenue (202) 622-3080 Timetable:
Code. The regulations will affect estates Treasury attorney: Stephanie Robinson Action Date FR Cite
of decedents where claims exist against (202) 622-7858 NPRM 12/00/04
the decedent’s estate.
CC:PSI Regulatory Flexibility Analysis
Timetable: Required: No
Agency Contact: James M. Gergurich,
Action Date FR Cite Attorney–Advisor, Department of the Small Entities Affected: No
NPRM 12/00/04 Treasury, Internal Revenue Service, Government Levels Affected: None
1111 Constitution Avenue NW,
Regulatory Flexibility Analysis Additional Information: REG-148701-03
Washington, DC 20224
Required: No Drafting attorney: Debra Kohn (202)
Phone: 202 622–3070
Small Entities Affected: No RIN: 1545–BC63 622-3620
Government Levels Affected: Reviewing attorney: Fredrick W.
Undetermined Schindler (202) 622-3600
2638. COLLECTION AFTER
Federalism: Undetermined ASSESSMENT Treasury attorney: Julian Kim (202)
Additional Information: REG-143316-03 622-1981
Priority: Substantive, Nonsignificant.
Major status under 5 USC 801 is CC:PA:CBS
Drafting attorney: DeAnn K. Malone
(202) 622-3112 undetermined. Agency Contact: Debra Kohn,
Unfunded Mandates: Undetermined Attorney, Department of the Treasury,
Reviewing attorney: Melissa Liquerman
Internal Revenue Service, 1111
(202) 622-7830 Legal Authority: 26 USC 7805; 26 USC Constitution Avenue NW, Washington,
Treasury attorney: Cathy Hughes (202) 6502 DC 20024
622-9407 CFR Citation: 26 CFR 1 Phone: 202 622–3620
CC:PSI Legal Deadline: None RIN: 1545–BC72
Agency Contact: DeAnn K. Malone, Abstract: The Internal Revenue Service
Attorney–Advisor, Department of the Restructuring and Reform Act of 1998 2639. BELOW–MARKET LOANS
Treasury, Internal Revenue Service, (RRA ‘98) section 3461 amended Priority: Substantive, Nonsignificant.
1111 Constitution Avenue NW, section 6502 of the Code to limit the Major status under 5 USC 801 is
Washington, DC 20224 ability of the Service to enter into undetermined.
Phone: 202 622–3112 agreements extending the collection
statute. RRA ‘98 also included an off- Unfunded Mandates: Undetermined
RIN: 1545–BC56
Code ‘‘sunset’’ provision governing the Legal Authority: 26 USC 7805; 26 USC
continued effect of collection statute 7872(h)
2637. GUIDANCE UNDER SECTION extension agreements executed prior to
707 REGARDING DISGUISED SALES CFR Citation: 26 CFR 1
January 1, 2000, the effective date of
this section. The current regulations Legal Deadline: None
Priority: Substantive, Nonsignificant.
Major status under 5 USC 801 is under section 6502 have not been Abstract: The proposed regulations
undetermined. updated to reflect these changes to the related to the Federal income tax
section. The current regulations provide consequences of certain below-market
Unfunded Mandates: Undetermined
that extension agreements may be loans.
Legal Authority: 26 USC 707; 26 USC executed anytime prior to the Timetable:
7805 expiration of the original statutory
collection period. Action Date FR Cite
CFR Citation: 26 CFR 1
The revised regulations will incorporate NPRM 12/00/04
Legal Deadline: None
the changes imposed by RRA ‘98 and Regulatory Flexibility Analysis
Abstract: This regulation will provide will provide in part that the only two Required: No
guidance regarding disguised sales of circumstances under which an
partnership interests. Small Entities Affected: No
agreement extending the collecting
Timetable: period may be executed are: (1) when Government Levels Affected: None
the extension agreement is executed in Additional Information: REG-209226-84
Action Date FR Cite
connection with an Installment Drafting attorney: Rebecca E. Asta (202)
NPRM 12/00/04 Agreement; and (2) when the extension 622-3930
Regulatory Flexibility Analysis agreement is executed prior to a levy
being released pursuant to section Reviewing attorney: David Silber (202)
Required: No 622-3930
6343, when the release occurs after the
Small Entities Affected: No expiration of the original 10-year Treasury attorney: Viva Hammer (202)
Government Levels Affected: None statutory collection period. Also, the 622-0869

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73682 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

CC:FI 2641. DEFINITION OF LOSS FOR Government Levels Affected: None


PURPOSES OF THE STRADDLE Federalism: Undetermined
Agency Contact: Rebecca E. Asta, RULES
Attorney–Advisor, Department of the Additional Information: REG-159243-03
Priority: Substantive, Nonsignificant.
Treasury, Internal Revenue Service, Drafting attorney: J. David Varley (202)
Major status under 5 USC 801 is
1111 Constitution Avenue NW, 435-5265
undetermined.
Washington, DC 20224
Phone: 202 622–3930 Legal Authority: 26 USC 7805; 26 USC Reviewing attorney: W. Edward
1092 Williams (202) 622-3830
RIN: 1545–BC78 CFR Citation: 26 CFR 1 Treasury attorney: Carl Dubert (202)
622-0222
Legal Deadline: None
2640. INFORMATION REPORTING Abstract: This regulation expands the CC:INTL
RELATING TO TAXABLE STOCK definition of the term ‘‘loss’’ for Agency Contact: J. David Varley,
TRANSACTIONS purposes of sections 1092 and 263(g) Attorney–Advisor, Department of the
Priority: Substantive, Nonsignificant. to include otherwise deductible Treasury, Internal Revenue Service,
Major status under 5 USC 801 is payments or accruals determined with 1111 Constitution Ave., N.W.,
undetermined. respect to changes in the capital value Washington, DC 20224
of offsetting positions in a straddle that Phone: 202 435–5265
Legal Authority: 26 USC 6043; 26 USC lacks a capital investment.‘‘
6045 W. Edward Williams, Special Counsel,
Timetable:
Department of the Treasury, Internal
CFR Citation: 26 CFR 1 Action Date FR Cite Revenue Service, 1111 Constitution
NPRM 12/00/04 Avenue NW, Washington, DC 20224
Legal Deadline: None Phone: 202 622–3830
Regulatory Flexibility Analysis
Abstract: These proposed regulations Required: No RIN: 1545–BC86
under sections 6043 and 6045 require
information reporting by corporations Small Entities Affected: No
and brokers with respect to corporate Government Levels Affected: None 2643. TRANSACTIONS INVOLVING
acquisitions of control and substantial THE TRANSFER OF NO NET EQUITY
Additional Information: REG-159869-03 VALUE
changes in capital structure. The notice
of proposed rulemaking cross- Drafting attorney: Mary Brewer (202) Priority: Substantive, Nonsignificant
references temporary regulations and 622-3950
Unfunded Mandates: Undetermined
also withdraws previous proposed rules Reviewing attorney: Christina Morrison
(67 FR 69496; RIN 1545-BB60). (202) 622-3950 Legal Authority: 26 USC 7805; 26 USC
351
Timetable: CC:FI
CFR Citation: 26 CFR 1
Action Date FR Cite
Agency Contact: Mary Brewer,
Attorney–Advisor, Department of the Legal Deadline: None
NPRM 12/00/04 Treasury, Internal Revenue Service, Abstract: These regulations will
1111 Constitution Avenue NW, provide guidance regarding the
Regulatory Flexibility Analysis Washington, DC 20224 application of sections 332, 351, and
Required: No Phone: 202 622–3950 368 in certain transactions involving
Small Entities Affected: No RIN: 1545–BC83 insolvent corporations.
Timetable:
Government Levels Affected: None
2642. DETERMINATION OF Action Date FR Cite
Additional Information: REG-156232-03 RESIDENCY IN U.S. POSSESSIONS
NPRM 12/00/04
Drafting attorney: Nancy L. Rose (202) Priority: Substantive, Nonsignificant
Regulatory Flexibility Analysis
622-4910 Legal Authority: Not Yet Determined Required: Undetermined
CC:PA:APJ CFR Citation: 26 CFR 1 Government Levels Affected: None
Legal Deadline: None Additional Information: REG-163314-03
Agency Contact: Nancy L. Rose,
Attorney–Advisor, Department of the Abstract: This regulation will address Drafting attorney: Jean R. Brenner (202)
Treasury, Internal Revenue Service, the determination of residency in U.S. 622-7790
1111 Constitution Avenue NW, possessions.
Reviewing attorneys: Victor L. Penico
Washington, DC 20224 Timetable: and Lisa Fuller (202) 622-7750
Phone: 202 622–4910 Action Date FR Cite Treasury attorney: Audrey Nacamuli
Related RIN: Related to 1545–BB40, NPRM 12/00/04 (202) 622-5721
Related to 1545–BB60, Related to Regulatory Flexibility Analysis CC:COR
1545–BC79 Required: No Agency Contact: Jean R. Brenner,
RIN: 1545–BC80 Small Entities Affected: No Attorney–Advisor, Department of the

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73683

TREAS—IRS Proposed Rule Stage

Treasury, Internal Revenue Service, connection with procurement of Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, property and services for tax 1111 Constitution Avenue NW,
Washington, DC 20224 administration purposes. Washington, DC 20224
Phone: 202 622–7790 Timetable: Phone: 202 622–4580
RIN: 1545–BC88 Action Date FR Cite RIN: 1545–BC93
NPRM 12/00/04
2644. PAYMENTS IN THE NATURE OF 2647. GUIDANCE REGARDING THE
WORKERS COMPENSATION Regulatory Flexibility Analysis ACTIVE TRADE OR BUSINESS
Required: No REQUIREMENT UNDER SECTION
Priority: Substantive, Nonsignificant
Small Entities Affected: No 355(B)
Legal Authority: 26 USC 7805
Government Levels Affected: Federal, Priority: Substantive, Nonsignificant.
CFR Citation: 26 CFR 1 State Major status under 5 USC 801 is
Legal Deadline: None Additional Information: REG-148867-03 undetermined.
Abstract: The proposed rulemaking Drafting attorney: Helene R. Newsome Legal Authority: 26 USC 7805
will exclude payments made pursuant (202) 622-4570 CFR Citation: 26 CFR 1
to statutes in the nature of workers’ Reviewing attorney: Gerald R. Ryan Legal Deadline: None
compensation law from the definition (202) 622-4570
of wages as defined in I.R.C. 3121(a). Abstract: The proposed rulemaking
Treasury attorney: Eric San Juan (202) will provide guidance regarding the
Timetable: 622-0224 active trade or business requirement
Action Date FR Cite CC:PA:DPL under section 355(b).
NPRM 12/00/04 Agency Contact: Helene R. Newsome, Timetable:
Regulatory Flexibility Analysis Attorney–Advisor, Department of the Action Date FR Cite
Required: No Treasury, Internal Revenue Service,
NPRM 12/00/04
1111 Constitution Avenue NW,
Small Entities Affected: No
Washington, DC 20224 Regulatory Flexibility Analysis
Government Levels Affected: Local, Phone: 202 622–4570 Required: No
State
RIN: 1545–BC92 Small Entities Affected: No
Additional Information: REG-160315-03
Government Levels Affected: None
Drafting attorney: David R. Ford (202) 2646. REVISION OF SECTION Additional Information: REG-123365-03
622-6040 301.6103(J)–1 FOR DISCLOSURE TO
THE BUREAU OF ECONOMIC Drafting attorney: Russell P. Subin
Reviewing attorney: Marie Cashman
ANALYSIS, DEPARTMENT OF (202) 622-7790
(202) 622-6040
COMMERCE Reviewing attorney: Richard Coss (202)
Treasury attorney: Kevin Knopf (202)
Priority: Substantive, Nonsignificant 622-7790
622-2329
Legal Authority: 26 USC 6103 CC:COR
CC:TEGE
CFR Citation: 26 CFR 1 Agency Contact: Russell P. Subin,
Agency Contact: David R. Ford, Attorney–Advisor, Department of the
Attorney–Advisor, Department of the Legal Deadline: None Treasury, Internal Revenue Service,
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Abstract: This regulation concerns the
1111 Constitution Avenue NW, Washington, DC 20224
disclosure of corporate tax information
Washington, DC 20224 Phone: 202 622–7790
to the Bureau of Economic Analysis,
Phone: 202 622–6040
Department of Commerce. RIN: 1545–BC94
RIN: 1545–BC89
Timetable:
Action Date FR Cite 2648. ACCUMULATED ADJUSTMENT
2645. DISCLOSURES TO ACCOUNT AND OTHER CORPORATE
SUBCONTRACTORS NPRM 12/00/04
SEPARATIONS UNDER SECTION 355
Priority: Substantive, Nonsignificant. Regulatory Flexibility Analysis
Required: No Priority: Substantive, Nonsignificant.
Major status under 5 USC 801 is Major status under 5 USC 801 is
undetermined. Small Entities Affected: No undetermined.
Unfunded Mandates: Undetermined Government Levels Affected: None Legal Authority: 26 USC 7805
Legal Authority: 26 USC 6103 Additional Information: REG-148864-03 CFR Citation: 26 CFR 1
CFR Citation: 26 CFR 301 Drafting attorney: Joseph E. Conley Legal Deadline: None
Legal Deadline: None (202) 622-4580
Abstract: These proposed regulation
Abstract: Proposed rule to amend CC:PA:DPL will amend the current regulations
existing regulations on disclosure of Agency Contact: Joseph E. Conley, under section 1.368-2 in order to
returns and return information in Attorney–Advisor, Department of the address the proper treatment of an S

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73684 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

corporations accumulated adjustment Agency Contact: Ann H. Logan, Abstract: This proposed regulation
account in a section 355 transaction not Attorney–Advisor, Department of the provides additional guidance with
preceded by a section 368(a)(1)(D) Treasury, Internal Revenue Service, respect to dual consolidated losses
reorganization. 1111 Constitution Avenue NW, under section 1503(d).
Timetable: Washington, DC 20224 Timetable:
Phone: 202 622–3970
Action Date FR Cite Action Date FR Cite
RIN: 1545–BD00
NPRM 08/00/05 NPRM 12/00/04
Regulatory Flexibility Analysis 2650. SUPPORT TEST IN THE CASE Regulatory Flexibility Analysis
Required: No OF A CHILD OF DIVORCED PARENTS Required: No
Small Entities Affected: No Priority: Substantive, Nonsignificant Small Entities Affected: Businesses
Government Levels Affected: None Unfunded Mandates: Undetermined Government Levels Affected: None
Additional Information: REG-168722-03 Legal Authority: 26 USC 152 Additional Information: REG-102144-04
Drafting attorney: Christopher L. Trump CFR Citation: 26 CFR 1 Drafting attorney: Kathryn T. Holman
(202) 622-3070 (202) 622-3860
Legal Deadline: None
Reviewing attorney: James Quinn (202) Reviewing attorney: Michael H. Frankel
622-3070 Abstract: These proposed regulations (202) 622-3860
will amend section 1.152-4 to delete
CC:PSI obsolete provisions, update other Treasury attorney: Carl Dubert (202)
Agency Contact: Christopher L. provisions, and clarify the definition of 622-0222
Trump, Attorney–Advisor, Department ‘‘custody.’’ It will incorporate the CC:INTL
of the Treasury, Internal Revenue guidance provided in section 1.152-4T Agency Contact: Kathryn T. Holman,
Service, 1111 Constitution Avenue NW, and provide additional guidance on the Attorney–Advisor, Department of the
Washington, DC 20224 release of a custodial parent’s claim to Treasury, Internal Revenue Service,
Phone: 202 622–3080 exemption. 1111 Constitution Avenue NW,
RIN: 1545–BC98 Timetable: Washington, DC 20224
Action Date FR Cite Phone: 202 622–3860
2649. ATTAINED AGE OF THE NPRM 12/00/04 RIN: 1545–BD10
INSURED
Regulatory Flexibility Analysis
Priority: Substantive, Nonsignificant. Required: No 2652. CURRENT LIABILITY INTEREST
Major status under 5 USC 801 is RATE UNDER SECTION 412(B)(5)
undetermined. Government Levels Affected:
Undetermined Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
Additional Information: REG-149856-03 Legal Authority: 26 USC 7805; 26 USC
CFR Citation: 26 CFR 1 412(b)(5)
Drafting attorney: Victoria J. Driscoll
Legal Deadline: None (202) 622-4920 CFR Citation: 26 CFR 1
Abstract: The proposed regulations Reviewing attorney: Robert A. Legal Deadline: None
define the age of the insured to be used Berkovsky (202) 622-4920
by the insurance companies for the Abstract: These proposed regulations
cash value corridor and maturity date Treasury attorney: Eric San Juan (202) will provide rules regarding the current
assumption required to determine if a 622-0224 liability interest rate under section
contract insuring more than one life CC:ITA 412(b)(5).
qualifies as a life insurance contract for Agency Contact: Victoria J. Driscoll, Timetable:
Federal income tax purposes. Attorney–Advisor, Department of the Action Date FR Cite
Timetable: Treasury, Internal Revenue Service, NPRM 12/00/04
1111 Constitution Avenue NW,
Action Date FR Cite Regulatory Flexibility Analysis
Washington, DC 20224
NPRM 11/00/04 Phone: 202 622–4920 Required: No
Regulatory Flexibility Analysis Fax: 2026226853 Small Entities Affected: No
Required: No RIN: 1545–BD01 Government Levels Affected: None
Small Entities Affected: No Additional Information: REG-105966-04
Government Levels Affected: None 2651. DUAL CONSOLIDATED LOSS Drafting attorney: Linda S.F. Marshall
Additional Information: REG-168892-03 REGULATIONS (202) 622-6090
Drafting attorney: Ann H. Logan (202) Priority: Substantive, Nonsignificant Treasury attorney: Harlan Weller (202)
622-3970 Legal Authority: 26 USC 7805; 26 USC 622-1001
Reviewing attorney: Donald Drees (202) 1503 CC:TEGE
622-3970 CFR Citation: 26 CFR 1 Agency Contact: Linda Marshall,
CC:FI Legal Deadline: None Senior Counsel, Department of the

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73685

TREAS—IRS Proposed Rule Stage

Treasury, Internal Revenue Service, Treasury, Internal Revenue Service, interest in a Real Estate Mortgage
1111 Constitution Avenue NW, 1111 Constitution Avenue NW, Investment Conduit (REMIC). Under
Washington, DC 20224 Washington, DC 20224 section 860B(a) of the Internal Revenue
Phone: 202 622–8012 Phone: 202 622–3880 Code, an interest only regular interest
RIN: 1545–BD13 RIN: 1545–BD15 in a REMIC (REMIC IO) is treated as
a debt instrument. However, unlike
traditional debt instruments, the
2653. DEFINITION OF QUALIFIED 2654. MOVE AND UPDATE THE amount received by a holder of a
FOREIGN CORPORATION ESTIMATED TAX REGULATIONS REMIC IO may not exceed the holder’s
Priority: Substantive, Nonsignificant Priority: Info./Admin./Other initial investment. As a result, REMIC
Legal Authority: 26 USC 7805(a); 26 IOs have presented difficult and novel
Legal Authority: 26 USC 6654 questions in the application of the rules
USC 1
CFR Citation: 26 CFR 1 for original issue discount, market
CFR Citation: Not Yet Determined discount, and premium. The IRS and
Legal Deadline: None
Legal Deadline: None Treasury Department are therefore
Abstract: Notice 2003-79, section 5, Abstract: The proposed regulation will considering whether to prescribe
published on November 28, 2003, states move and update the estimated tax regulations under the authority of
that the IRS intends to issue regulations from Treasury Regulation section 1275(d), and the other
regulations, for years after 2003, that sections 1.6015(a)-(j) and 301.6015 to regulatory authority, with respect to the
provide procedures for a foreign the section 6654 regulations. tax treatment of REMIC IOs for both
corporation to certify that it is a Timetable: initial purchasers and secondary market
qualified foreign corporation for purchasers.
Action Date FR Cite
purposes of IRC section 1(h)(11)(C). The Timetable:
regulations will also provide NPRM 11/00/04
Action Date FR Cite
procedures for certifying that a security Regulatory Flexibility Analysis
that is not a common or ordinary share Required: No ANPRM 08/25/04 69 FR 52212
is equity rather than debt; that a foreign NPRM 12/00/04
company is entitled to benefits under Small Entities Affected: No
Regulatory Flexibility Analysis
a comprehensive income tax treaty Government Levels Affected: None Required: No
where a security is not readily tradable
Additional Information: REG-147157-03 Small Entities Affected: No
on a recognized U.S. stock exchange;
and that the foreign corporation is not Drafting attorney: Tonya L. Government Levels Affected: None
a FPHC, FIC, or PFIC in the taxable Christianson (202) 622-4910
year in which a dividend is paid, or Additional Information: REG-106679-04
Reviewing attorney: Tiffany Smith (202)
in the preceding taxable year. The 622-4910 Drafting attorney: Kathleen Sleeth (202)
regulations are also expected to address 622-3920
the meaning of the requirement in the Treasury attorney: Eric San Juan (202)
legislative history that to qualify under 622-0224 Reviewing attorney: Dale Collinson
a treaty for purposes of 1(h)(11) (202) 622-3920
CC:PA:APJ
‘‘substantially all of . . .[the foreign Treasury attorney: Michael Novey (202)
corporation’s] income in the taxable Agency Contact: Tonya L. 622-1339
year in which the dividend is paid’’ Christianson, Attorney–Advisor,
Department of the Treasury, Internal CC:FI
must qualify for treaty benefits.
Revenue Service, 1111 Constitution Agency Contact: Kathleen Sleeth,
Timetable: Avenue NW, Washington, DC 20224 Attorney–Advisor, Department of the
Action Date FR Cite Phone: 202 622–4910 Treasury, Internal Revenue Service,
NPRM 06/00/05 RIN: 1545–BD17 1111 Constitution Avenue NW,
Washington, DC 20224
Regulatory Flexibility Analysis
Phone: 202 622–3920
Required: No 2655. REMIC INTEREST–ONLY
Small Entities Affected: No REGULAR INTERESTS RIN: 1545–BD18
Government Levels Affected: None Priority: Substantive, Nonsignificant
2656. ESCROW ACCOUNTS, TRUSTS,
Additional Information: REG-107420-04 Unfunded Mandates: Undetermined
AND OTHER FUNDS USED DURING
Drafting attorney: Michelle S. Lyon Legal Authority: 26 USC 7805 DEFERRED EXCHANGES OF
(202) 622-3880 LIKE–KIND PROPERTY
CFR Citation: 26 CFR 1
Reviewing attorney: Karen Rennie (202) Priority: Substantive, Nonsignificant
622-3880 Legal Deadline: None
Abstract: The advanced notice of Unfunded Mandates: Undetermined
Treasury attorney: John Harrington
(202) 622-0589 proposed rulemaking describes rules Legal Authority: 26 USC 7805; 26 USC
that the IRS and Treasury Department 468B(g)
CC:INTL are considering regarding the proper
Agency Contact: Michelle S. Lyon, timing of income or deduction CFR Citation: 26 CFR 1; 26 CFR 602
Attorney–Advisor, Department of the attributable to an interest only regular Legal Deadline: None

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73686 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

Abstract: These proposed regulations Government Levels Affected: 2659. INTEREST ON LARGE
provide rules under section 468B(g) Undetermined CORPORATE UNDERPAYMENTS
regarding the taxation and reporting of UNDER SECTION 6621 (C)
Additional Information: REG-114084-03
the income earned on escrow accounts, Priority: Info./Admin./Other
trusts, and other funds used for Drafting attorney: Lauren R. Taylor
deferred exchanges of like-kind (202) 622-3040 Legal Authority: 26 USC 6621
property under section 1031(a)(3). The Reviewing attorney: Susan Reaman CFR Citation: 26 CFR 301
proposed regulations affect qualified (202) 622-3040
escrow accounts, qualified trusts, and Legal Deadline: None
other funds established in connection Treasury attorney: Sharon Kay (202) Abstract: These proposed regulations
with deferred like-kind exchanges, and 622-0865 will amend section 301.6621-3 of the
the taxpayers, escrowees, trustees, CC:PSI Procedure and Administration
qualified intermediaries, and other Regulations to address the treatment of
parties who receive the funds or Agency Contact: Lauren R. Taylor, net operating loss carrybacks, capital
establish, maintain, and administer the Attorney–Advisor, Department of the loss carrybacks, and a credit carrybacks
accounts. Treasury, Internal Revenue Service, for purposes of determining whether a
1111 Constitution Avenue NW, large corporate underpayment exists
Timetable:
Washington, DC 20224 under section 6621(c). This regulation
Action Date FR Cite Phone: 202 622–3040 will also implement the changes made
NPRM 12/00/04 RIN: 1545–BD20 by the Taxpayer Relief Act of 1997.
Regulatory Flexibility Analysis Timetable:
Required: Yes 2658. PAYMENTS FOR WHICH NO Action Date FR Cite
Small Entities Affected: Businesses RETURN OF INFORMATION IS NPRM 11/00/04
Government Levels Affected: None REQUIRED UNDER SECTION 6041
Regulatory Flexibility Analysis
Additional Information: REG-113365-04 Priority: Info./Admin./Other. Major Required: No
status under 5 USC 801 is
Drafting attorney: A. Katharine J. Kiss undetermined. Small Entities Affected: No
(202) 622-4930 Government Levels Affected: None
Legal Authority: 26 USC 6041
Reviewing attorney: Jeffrey G. Mitchell Additional Information: REG-147151-03
(202) 622-4930 CFR Citation: 26 CFR 1
Drafting attorney: Michelle B. Baxter
CC:ITA:B07 Legal Deadline: None (202) 622-4910
Agency Contact: A. Katharine Kiss, Abstract: This proposed regulation will Reviewing attorney: Pamela W. Fuller
Attorney–Advisor, Department of the remove section 1.6041-3(g) of the (202) 622-4910
Treasury, Internal Revenue Service, Income Tax Regulations.
1111 Constitution Avenue NW, Treasury attorney: Julian Kim (202)
Washington, DC 20224 Timetable: 622-1981
Phone: 202 622–4930 Action Date FR Cite CC:PA:APJ
Related RIN: Split from 1545–AR82 NPRM 11/00/04 Agency Contact: Michelle B. Baxter,
RIN: 1545–BD19 Regulatory Flexibility Analysis Attorney–Advisor, Department of the
Required: No Treasury, Internal Revenue Service,
1111 Constitution Avenue NW,
2657. SECTION 42 QUALIFIED Small Entities Affected: No Washington, DC 20224
CONTRACT PROVISIONS Phone: 202 622–4910
Government Levels Affected: None
Priority: Substantive, Nonsignificant RIN: 1545–BD22
Additional Information: REG-147136-03
Legal Authority: 26 USC 42
Drafting attorney: Michelle B. Baxter
CFR Citation: 26 CFR 1 (202) 622-4910 2660. GUIDANCE ON PHASED
Legal Deadline: None RETIREMENT
Reviewing attorney: James C. Gibbons
Abstract: This proposed regulation (202) 622-7085 Priority: Substantive, Nonsignificant
under sections 42(h)(6)(F) and Unfunded Mandates: Undetermined
Treasury attorney: John Parcell (202)
42(h)(6)(K) will provide guidance for
622-2578 Legal Authority: Not Yet Determined
provisions relating to qualified
contracts. CC:PA:APJ CFR Citation: 26 CFR 1
Timetable: Agency Contact: Michelle B. Baxter, Legal Deadline: None
Action Date FR Cite Attorney–Advisor, Department of the
Abstract: This proposed guidance will
Treasury, Internal Revenue Service,
NPRM 12/00/04 lay out rules for establishing a bona
1111 Constitution Avenue NW,
fide phased retirement program.
Regulatory Flexibility Analysis Washington, DC 20224
Generally, such a program would
Required: No Phone: 202 622–4910
provide employees who are at or near
Small Entities Affected: No RIN: 1545–BD21 eligibility for retirement with the

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73687

TREAS—IRS Proposed Rule Stage

opportunity for a reduced schedule and Reviewing attorney: Steven Toomey CFR Citation: 26 CFR 1
to receive a distribution of a (202) 622-4920 Legal Deadline: None
proportionate share of their pension CC:ITA
benefits based on their ‘‘partial Abstract: These regulations will revise
retirement.’’ Agency Contact: Brendan O’Hara, the definition of ‘‘qualified amended
Attorney Advisor, Department of the return’’ in accordance with Notice
Timetable: Treasury, Internal Revenue Service, 2004-38.
Action Date FR Cite 1111 Constitution Avenue NW, Timetable:
NPRM 12/00/04 Washington, DC 20224
Phone: 202 622–7900 Action Date FR Cite
Regulatory Flexibility Analysis
RIN: 1545–BD28 NPRM 12/00/04
Required: No
Regulatory Flexibility Analysis
Small Entities Affected: No
2662. REQUIREMENTS FOR Required: No
Government Levels Affected: None
REORGANIZATIONS Small Entities Affected: Businesses
Additional Information: REG-114726-04
Priority: Substantive, Nonsignificant Government Levels Affected: None
Drafting attorney: Cathy A. Vohs (202)
622-6090 Unfunded Mandates: Undetermined Federalism: Undetermined
Reviewing attorney: Janet Laufer (202) Legal Authority: 26 USC 7805; 26 USC Additional Information: REG-122847-04
622-6090 368 Drafting attorney: Nancy M. Galib (202)
Treasury attorney: Bill Bortz (202) 622- CFR Citation: 26 CFR 1 622-7022
1352 Legal Deadline: None Reviewing attorney: Ashton P. Trice
CC:TEGE Abstract: This regulation will provide (202) 622-4940
Agency Contact: Cathy A. Vohs, guidance regarding reorganizations Treasury attorneys: Julian Kim and
Attorney–Advisor, Department of the under section 368(a)(1)(f) of the Internal Jonathan Ackerman (202) 622-1981
Treasury, Internal Revenue Service, Revenue Code. CC: APJ
1111 Constitution Avenue NW, Timetable:
Washington, DC 20224 Agency Contact: Nancy M. Galib,
Phone: 202 622–6090 Action Date FR Cite attorney, Department of the Treasury,
NPRM 12/00/04 Internal Revenue Service, 1111
RIN: 1545–BD23 Constitution Avenue NW, Washington,
Regulatory Flexibility Analysis DC 20024
Required: No Phone: 202 622–7022
2661. DEFINITION OF DISQUALIFIED
PERSON Small Entities Affected: No RIN: 1545–BD40
Priority: Substantive, Nonsignificant. Government Levels Affected: None
Major status under 5 USC 801 is Additional Information: REG-106889-04 2664. APPLICATION OF SECTIONS
undetermined. 304(B)(6) AND 367 IN CROSS BORDER
Drafting attorney: Robert B. Gray (202)
Legal Authority: 26 USC 7805 SECTION 304 TRANSACTIONS
622-7550
CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant
Reviewing attorney: Debra L. Carlisle
Legal Deadline: None (202) 622-7550 Legal Authority: 26 USC 7805; 26 USC
Abstract: These proposed regulations 304(b)(6); 26 USC 367(a)(6); 26 USC
Treasury attorney: Audrey Nacamuli
provide certain changes to the 367(b)
(202) 622-5721
definition of a disqualified person CFR Citation: 26 CFR 1
CC:COR
under section 1.1031-1(k) of the income Legal Deadline: None
tax regulations to facilitate the ability Agency Contact: Robert B. Gray,
of banks and bank affiliates to act as Attorney–Advisor, Department of the Abstract: This proposed regulation will
qualified intermediaries in section 1031 Treasury, Internal Revenue Service, coordinate sections 304 and 367 in
exchanges. 1111 Constitution Avenue NW, cross-border stock redemptions.
Washington, DC 20224 Timetable:
Timetable:
Phone: 202 622–7550
Action Date FR Cite Action Date FR Cite
RIN: 1545–BD31
NPRM 11/00/04 NPRM 06/00/05
Regulatory Flexibility Analysis 2663. UNDERPAYMENT FOR Regulatory Flexibility Analysis
Required: No QUALIFIED AMENDED RETURNS Required: No
Small Entities Affected: No Priority: Substantive, Nonsignificant. Small Entities Affected: No
Government Levels Affected: None Major status under 5 USC 801 is Government Levels Affected: None
Additional Information: REG-160005-03 undetermined. Additional Information: REG-127740-04
Drafting attorney: Brendan P. O’Hara Unfunded Mandates: Undetermined Drafting attorney: Tasheaya Warren
(202) 622-4920 Legal Authority: 26 USC 7805 Ellison (202) 622-3870

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73688 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

Reviewing attorney: Joseph Calianno Phone: 202 622–6040 Legal Authority: 26 USC 7805
(202) 622-3810 Related RIN: Related to 1545–BB64 CFR Citation: Not Yet Determined
Treasury attorney: Carl Dubert (202) RIN: 1545–BD50 Legal Deadline: None
622-0222
Abstract: These proposed regulations
CC:INTL amend the regulations under section
2666. ∑ HIPAA PORTABILITY:
Agency Contact: Tasheaya Warren SPECIAL ENROLLMENT 415 of the Internal Revenue Code
Ellison, Attorney–Advisor, Department PROCEDURES, TOLLING, AND relating to limitations on benefits and
of the Treasury, Internal Revenue INTERACTION WITH FMLA contributions under qualified plans.
Service, 1111 Constitution Avenue NW, Section 415 provides a complex series
Washington, DC 20224 Priority: Substantive, Nonsignificant of limits on benefits under defined
Phone: 202 622–3870 Legal Authority: 26 USC 7805; 26 USC benefit plans and contributions and
RIN: 1545–BD46 9833 other additions under defined
contribution plans. Comprehensive
CFR Citation: 26 CFR 54
regulations regarding section 415 were
2665. ∑ SALARY REDUCTION Legal Deadline: None last issued in 1980. These regulations
AGREEMENT UNDER SECTION Abstract: These regulations enhance are being proposed to reflect statutory
312(A)(5)(D) (TEMPORARY) the existing HIPAA portability changes and guidance items and to
Priority: Substantive, Nonsignificant regulations by tolling the running of clarify certain other issues.
Unfunded Mandates: Undetermined certain time periods in certain Timetable:
circumstances, clarifying the Action Date FR Cite
Legal Authority: 26 USC 7805; 26 USC procedures for requesting special
6302 enrollment, addressing how the HIPAA NPRM 12/00/04
CFR Citation: 26 CFR 31 portability requirements apply to Regulatory Flexibility Analysis
Legal Deadline: None individuals taking leave under the Required: Undetermined
Family and Medical Leave Act of 1993, Government Levels Affected:
Abstract: The temporary regulation and prescribing how to count the
defines the term ‘‘salary reduction Undetermined
number of employees an employer has.
agreement’’ within the meaning of Federalism: Undetermined
section 3121(a)(5)(D) as a plan or Timetable:
Additional Information: REG-130241-04
arrangement whereby payment will be Action Date FR Cite
made by an employer to an annuity Drafting attorney: Linda Marshall (202)
NPRM 06/00/05 622-8012
described in section 403(b) if an
employee elects to reduce his Regulatory Flexibility Analysis CC: TEGE:QP1
compensation or if an employee agrees Required: No Agency Contact: Linda Marshall,
as a condition of employment to make Small Entities Affected: No Senior Counsel, Department of the
a mandatory contribution that reduces Treasury, Internal Revenue Service,
his compensation. Government Levels Affected: None
1111 Constitution Avenue NW,
Timetable: Additional Information: REG-130370-04 Washington, DC 20224
Action Date FR Cite Drafting attorney: Russell Weinheimer Phone: 202 622–8012
(202) 622-6080 RIN: 1545–BD52
Temporary Regulation 12/00/04
Reviewing attorney: Alan Tawshunsky
Regulatory Flexibility Analysis (202) 622-6000
Required: No 2668. ∑ GUIDANCE UNDER SECTION
Treasury attorney: Kevin Knopf (202) 1502; MISCELLANEOUS OPERATING
Small Entities Affected: Governmental RULES FOR SUCCESSOR PERSONS;
622-2329
Jurisdictions, Organizations APPLICABILITY OF SECTION 381
CC:TEGE
Government Levels Affected: Local, Priority: Substantive, Nonsignificant
State Agency Contact: Russell Weinheimer,
Attorney–Advisor, Department of the Unfunded Mandates: Undetermined
Additional Information: REG-155608-02
Treasury, Internal Revenue Service, Legal Authority: 26 USC 7805; 26 USC
Drafting attorney: Neil D. Shepherd 1111 Constitution Avenue NW, 1502
(202) 622-6040 Washington, DC 20224 CFR Citation: 26 CFR 1
Reviewing attorney: Lynne Camillo Phone: 202 622–6080
(202) 622-6040 Legal Deadline: None
Related RIN: Related to 1545–AW02,
Treasury attorney: William Bortz (202) Related to 1545–AX84 Abstract: This regulation will address
622-1332 certain issues related to complete
RIN: 1545–BD51 liquidations when more than one group
CC:TEGE member owns stock of the liquidating
Agency Contact: Neil D. Shepherd, 2667. ∑ UPDATE OF 415 company.
Attorney–Advisor, Department of the REGULATIONS Timetable:
Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, Priority: Substantive, Nonsignificant Action Date FR Cite
Washington, DC 20224 Unfunded Mandates: Undetermined NPRM 12/00/04

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73689

TREAS—IRS Proposed Rule Stage

Regulatory Flexibility Analysis 2670. ∑ CLASSIFICATION OF INDIAN Additional Information: REG-130671-04


Required: No TRIBAL CORPORATIONS Drafting attorney: Michael E. Hara (202)
Small Entities Affected: No Priority: Substantive, Nonsignificant 622-4910
Government Levels Affected: None Unfunded Mandates: Undetermined Reviewing attorneys: James Gibbons
Additional Information: REG-131128-04 Legal Authority: 26 USC 7701; 26 USC (202) 622-4910 and Carol Nachman
7805 (202) 622-4910
Drafting attorney: Jeffrey B. Fienberg
(202) 622-7770 CFR Citation: 26 CFR 1 CC:PA:APJP:1
Reviewing attorney: Edward S. Cohen Legal Deadline: None Agency Contact: Michael E. Hara,
(202) 622-7770 Attorney–Advisor, Department of the
Abstract: The regulation will provide
Treasury attorney: Audrey Nacamuli Treasury, Internal Revenue Service,
guidance regarding classificataion of
(202) 622-5721 1111 Constitution Avenue NW,
Indian Tribal Corporations for Federal
Washington, DC 20224
CC: CORP:B2 tax purposes.
Phone: 202 622–4910
Agency Contact: Jeffrey B. Fienberg, Timetable:
RIN: 1545–BD65
Attorney–Advisor, Department of the Action Date FR Cite
Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, NPRM 12/00/04 2672. ∑ REMIC RESIDUALS–FOREIGN
Washington, DC 20224 Regulatory Flexibility Analysis HOLDERS (TEMPORARY)
Phone: 202 622–7770 Required: Undetermined Priority: Substantive, Nonsignificant
RIN: 1545–BD54 Government Levels Affected: None Unfunded Mandates: Undetermined
Federalism: Undetermined Legal Authority: 26 USC 7805; 26 USC
2669. ∑ AGGREGATE COMPUTATION; Additional Information: REG-136069-04 860G
ALLOCATION OF RESEARCH CREDIT
II Drafting attorney: Barbara Campbell CFR Citation: None
(202) 622-3050
Priority: Substantive, Nonsignificant Legal Deadline: None
Reviewing attorney: Dianna Miosi (202)
Legal Authority: 26 USC 41 Abstract: The regulations address the
622-3050
CFR Citation: 26 CFR 1 recognition of income associated with
CC:PSI a Real Estate Mortgage Investment
Legal Deadline: None Agency Contact: Barbara Campbell, Conduit (REMIC) residual interest that
Abstract: This regulation relates to the Attorney–Advisor, Department of the is allocated to a foreign person.
computation and allocation of the Treasury, Internal Revenue Service, Timetable:
credit for increasing research activities 1111 Constitution Avenue NW,
for members of a controlled group Washington, DC 20224 Action Date FR Cite
under section 41(f) of the Internal Phone: 202 622–3050 Temporary Regulation 12/00/04
Revenue Code.
RIN: 1545–BD61 Regulatory Flexibility Analysis
Timetable: Required: No
Action Date FR Cite 2671. ∑ MANDATORY E–FILING FOR Small Entities Affected: No
NPRM 12/00/04 FORMS 1120 Government Levels Affected: None
Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Additional Information: REG-159929-02
Required: No Legal Authority: 26 USC 6011(e) Drafting attorney: Arturo Estrada (202)
Government Levels Affected: CFR Citation: 26 CFR 1; 26 CFR 301 622-3900
Undetermined
Legal Deadline: None Treasury attorney: Andrew Froberg
Additional Information: REG-134030-04 (202) 622-1779
Abstract: These proposed regulations
Drafting attorney: Nicole R. Cimino will provide that certain entities that CC:FI
(202) 622-3120 file at least 250 information returns
Reviewing attorney: Brenda M. Stewart Agency Contact: Arturo Estrada,
during the calendar year are required
(202) 622-3120 Attorney–Advisor, Department of the
to file their income tax returns
Treasury, Internal Revenue Service,
Treasury attorney: Sharon Kay (202) electronically.
1111 Constitution Avenue NW,
622-0865 Timetable: Washington, DC 20224
CC:PSI Action Date FR Cite Phone: 202 622–3900
Agency Contact: Nicole R. Cimino, NPRM 12/00/04 RIN: 1545–BD66
Attorney–Advisor, Department of the
Treasury, Internal Revenue Service, Regulatory Flexibility Analysis
Required: Yes 2673. ∑ DECLARATORY JUDGMENT—
1111 Constitution Avenue NW,
Small Entities Affected: Businesses, GIFT TAX VALUE
Washington, DC 20224
Phone: 202 622–3120 Organizations Priority: Substantive, Nonsignificant
RIN: 1545–BD60 Government Levels Affected: None Unfunded Mandates: Undetermined

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73690 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

Legal Authority: 26 USC 7477 Timetable: 2676. ∑ SECTION 704(B)(2) AND


CFR Citation: 26 CFR 1 Action Date FR Cite
SUBSTANTIALITY
Legal Deadline: None NPRM 12/00/04
Priority: Substantive, Nonsignificant
Abstract: Proposed regulations relating Regulatory Flexibility Analysis Unfunded Mandates: Undetermined
to the redetermination of value of Required: No Legal Authority: 26 USC 704(b)(2)
certain gifts in a declaratory judgment Small Entities Affected: Businesses CFR Citation: 26 CFR 1
action.
Government Levels Affected: None Legal Deadline: None
Timetable:
Additional Information: REG-138362-04 Abstract: Clarify the substantiality
Action Date FR Cite
Drafting attorney: Pamela R. Kinard rules under section 1.704-1(b)(2)(iii) as
NPRM 12/00/04 (202) 622-6060 to the impact of the tax consequences
Regulatory Flexibility Analysis to owners of partners on the
Reviewing attorney: Marjorie Hoffman determination of substantiality.
Required: No (202) 622-6060
Small Entities Affected: No Timetable:
CC: TEGE
Government Levels Affected: Action Date FR Cite
Agency Contact: Pamela R. Kinard,
Undetermined Attorney–Advisor, Department of the NPRM 01/00/05
Federalism: Undetermined Treasury, Internal Revenue Service, Regulatory Flexibility Analysis
1111 Constitution Avenue NW, Required: No
Additional Information: REG-143716-04
Washington, DC 20224
Drafting attorney: Juli Ro Kim (202) Phone: 202 622–6060 Small Entities Affected: No
622-3090 Government Levels Affected: None
RIN: 1545–BD68
Reviewing attorney: George Masnik Additional Information: REG-144620-04
(202) 622-3090
2675. ∑ DISABLED ACCESS CREDIT Drafting attorney: Heather L. Faught
Treasury attorney: Cathy Hughes (202) (202) 622-3060
622-9407 Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 44; 26 USC Reviewing attorney: Beverly Katz (202)
CC: PSI 622-3060
7805
Agency Contact: Juli Ro Kim, Treasury attorney: Deborah Harrington
Attorney–Advisor, Department of the CFR Citation: 26 CFR 1
(202) 622-1788
Treasury, Internal Revenue Service, Legal Deadline: None
1111 Constitution Avenue NW, CC:PSI
Abstract: Guidance under section 44
Washington, DC 20224 regarding the disabled access credit for Agency Contact: Heather L. Faught,
Phone: 202 622–3090 eligible small business. Attorney–Advisor, Department of the
RIN: 1545–BD67 Treasury, Internal Revenue Service,
Timetable:
1111 Constitution Avenue NW,
Action Date FR Cite Washington, DC 20224
2674. ∑ USE OF ELECTRONIC Phone: 202 622–3060
TECHNOLOGIES FOR PROVIDING NPRM 02/00/05
NOTICES AND TRANSMITTING Regulatory Flexibility Analysis RIN: 1545–BD70
ELECTIONS AND CONSENTS Required: No
Priority: Substantive, Nonsignificant. Small Entities Affected: No 2677. ∑ REGULATIONS UNDER
Major status under 5 USC 801 is SECTION 706 REGARDING TAXABLE
Government Levels Affected:
undetermined. YEAR OF A PARTNERSHIP
Undetermined
Unfunded Mandates: Undetermined Additional Information: REG-144246-04 Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC Drafting attorney: Eric B. Lee (202) 622- Unfunded Mandates: Undetermined
401; PL106–229, SEC 104 3120 Legal Authority: 26 USC 706
CFR Citation: 26 CFR 1; 26 CFR 35; Reviewing attorney: Leslie H. Finlow CFR Citation: 26 CFR 1
26 CFR 54 (2020 622-3120 Legal Deadline: None
Legal Deadline: None Treasury attorney: Sharon Kay (202)
Abstract: This regulation will provide
Abstract: The proposed regulations 622-0865
rules regarding the determination of a
provide guidance on the permitted use CC:PSI partner’s distributive share when the
of electronic media to provide certain partner’s interest changes.
notices to recipients or to transmit Agency Contact: Eric B. Lee,
participant and beneficiary elections or Attorney–Advisor, Department of the Timetable:
consents with respect to employee Treasury, Internal Revenue Service,
Action Date FR Cite
benefit plans. In general, the proposed 1111 Constitution Avenue NW,
regulations would affect plan sponsors Washington, DC 20224 NPRM 02/00/05
of and participants and beneficiaries in Phone: 202 622–3120 Regulatory Flexibility Analysis
employee benefit plans RIN: 1545–BD69 Required: No

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73691

TREAS—IRS Proposed Rule Stage

Small Entities Affected: No 2679. ∑ GUIDANCE UNDER SECTION Small Entities Affected: No
707(C) REGARDING GUARANTEED
Government Levels Affected: None Government Levels Affected: None
PAYMENTS
Additional Information: REG-144689-04 Priority: Substantive, Nonsignificant Additional Information: REG-117969-00
Drafting attorney: Laura C. Nash (202) Unfunded Mandates: Undetermined Drafting attorney: Vincent Daly (202)
622-3050 622-7770
Legal Authority: 26 USC 707
Reviewing attorney: David Haglund CFR Citation: Not Yet Determined Reviewing attorney: Marlene
(202) 622-3050 Oppenheim (202) 622-7770
Legal Deadline: None
Treasury attorney: Deborah Harrington Treasury attorney: Audrey Nacamuli
Abstract: This regulation will modify
(202) 622-1788 (202) 622-5721
the regulations under section 707(c) to
CC:PSI address certain situations involving CC: COR
guaranteed payments to partners.
Agency Contact: Laura C. Nash, Agency Contact: Vincent Daly,
Attorney–Advisor, Department of the Timetable: Attorney–Advisor, Department of the
Treasury, Internal Revenue Service, Action Date FR Cite Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, 1111 Constitution Avenue NW,
NPRM 11/00/04
Washington, DC 20224 Washington, DC 20224
Phone: 202 622–3050 Regulatory Flexibility Analysis Phone: 202 622–7770
Required: No
RIN: 1545–BD71 RIN: 1545–BD76
Small Entities Affected: No
Government Levels Affected: None
2678. ∑ SHAREHOLDER’S BASIS IN 2681. ∑ CLASSIFICATION OF CERTAIN
STOCK OF AN S CORPORATION Additional Information: REG-144694-04 FOREIGN ENTITIES
Priority: Substantive, Nonsignificant Drafting attorney: Jason T. Smyczek
Priority: Substantive, Nonsignificant
(202) 622-3050
Unfunded Mandates: Undetermined Unfunded Mandates: Undetermined
Reviewing attorney: Dan Carmody (202)
Legal Authority: 26 USC 7805; 26 USC 622-3050 Legal Authority: 26 USC 7805; 26 USC
1367 Treasury attorney: Deborah Harrington 7701
CFR Citation: 26 CFR 1 (202) 622-1788 CFR Citation: 26 CFR 1
Legal Deadline: None CC:PSI
Legal Deadline: None
Agency Contact: Jason T. Smyczek,
Abstract: This regulation will provide Abstract: These regulations will revise
Attorney–Advisor, Department of the
rules relating to the determination of the entity classification rules.
Treasury, Internal Revenue Service,
a shareholder’s basis in stock of an S
1111 Constitution Avenue NW, Timetable:
Corporation.
Washington, DC 20224
Timetable: Phone: 202 622–3050 Action Date FR Cite

Action Date FR Cite RIN: 1545–BD74 NPRM 12/00/04

NPRM 12/00/04 Regulatory Flexibility Analysis


2680. ∑ GUIDANCE UNDER SECTION Required: No
Regulatory Flexibility Analysis
368 REGARDING MERGERS WITH Government Levels Affected: None
Required: Undetermined
AND INTO A FOREIGN CORPORATION
Small Entities Affected: Businesses Additional Information: REG-148521-04
Priority: Substantive, Nonsignificant
Government Levels Affected: None Unfunded Mandates: Undetermined Drafting attorney: Ronald M. Gootzeit
(202) 622-3860
Additional Information: REG-144859-04 Legal Authority: 26 USC 7805
Reviewing attorney: Charles M. Besecky
Drafting attorney: Stacey Short (202) CFR Citation: 26 CFR 368
(202) 622-3860
622-3070 and Christopher Trump (202) Legal Deadline: None
622-3070 Treasury attorney: Carl Dubert (202)
Abstract: This regulation addresses 622-0222
Reviewing attorney: Christine Ellison whether a transaction involving one or
(202) 622-3070 more foreign corporations may qualify CC:INTL
as a statutory merger within the Agency Contact: Ronald M. Gootzeit,
CC:PSI
meaning of section 368(a)(l)(A) of the Attorney–Advisor, Department of the
Agency Contact: Stacy L. Short, Internal Revenue Code. Treasury, Internal Revenue Service,
Attorney, Department of the Treasury, Timetable: 1111 Constitution Avenue NW,
Internal Revenue Service, 1111
Action Date FR Cite Washington, DC 20224
Constitution Avenue NW, Washington,
Phone: 202 622–3860
DC 20224 NPRM 12/00/04
Phone: 202 622–3070 Related RIN: Related to 1545–BD78
Regulatory Flexibility Analysis
RIN: 1545–BD72 Required: No RIN: 1545–BD77

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73692 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Proposed Rule Stage

2682. ∑ CLASSIFICATION OF CERTAIN Treasury Regulation section 1.381(c)(4) CC:ITA


FOREIGN ENTITIES (TEMPORARY) language, terms, and conditions with
Treasury Regulation section 1.381(c)(5); Agency Contact: Angella L. Warren,
Priority: Substantive, Nonsignificant. Attorney, Department of the Treasury,
Major status under 5 USC 801 is reordering, simplifying, and indexing
Treasury Regulation sections 1.381 Internal Revenue Service, 1111
undetermined. Constitution Avenue NW, Washington,
(c)(4) and (5).
Legal Authority: 26 USC 7805; 26 USC DC 20224
Timetable: Phone: 202 622–4950
7701
Action Date FR Cite
CFR Citation: 26 CFR 1 RIN: 1545–BD82
NPRM 01/00/05
Legal Deadline: None
Regulatory Flexibility Analysis
Abstract: These regulations will revise 2685. ∑ GUIDANCE REGARDING
Required: No
the entity classification rules. SELECTED ISSUES UNDER SECTION
Small Entities Affected: No 336(E)
Timetable:
Government Levels Affected: None
Action Date FR Cite Priority: Substantive, Nonsignificant.
Additional Information: REG-151884-03 Major status under 5 USC 801 is
Temporary Regulation 12/00/04 and REG-151887-03 undetermined.
Regulatory Flexibility Analysis Drafting attorney: Jeffery G. Mitchell
Required: No (202) 622-4930 Unfunded Mandates: Undetermined
Government Levels Affected: None Treasury attorney: Sharon Kay (202) Legal Authority: 26 USC 336; 26 USC
Additional Information: REG-148521-04 622-0865 7805
Drafting attorney: Ronald M. Gootzeit CC:ITA CFR Citation: 26 CFR 1
(202) 622-3860 Agency Contact: Jeffery G. Mitchell,
Attorney–Advisor, Department of the Legal Deadline: None
Reviewing attorney: Charles M. Besecky
Treasury, Internal Revenue Service, Abstract: Proposed regulations will
(202) 622-3860
1111 Constitution Avenue NW, address the circumstances in which a
Treasury attorney: Carl Dubert (202) Washington, DC 20224 corporation that owns stock in another
622-0222 Phone: 202 622–4970 corporation meeting the requirements
CC:INTL RIN: 1545–BD81 of section 1504(a)(2) and that sells,
Agency Contact: Ronald M. Gootzeit, exchanges, or distributes all of such
Attorney–Advisor, Department of the 2684. ∑ AMENDMENTS TO 26 CFR stock, can make an election under
Treasury, Internal Revenue Service, SECTION 1.263(A)–5 REGARDING section 336(e) to treat such sale,
1111 Constitution Avenue NW, TREATMENT OF CAPITALIZED COSTS exchange, or distribution as a
Washington, DC 20224 disposition of all the assets of such
Priority: Substantive, Nonsignificant other corporation and recognize no gain
Phone: 202 622–3860
Unfunded Mandates: Undetermined or loss on the sale, exchange, or
Related RIN: Related to 1545–BD77 distribution of such stock.
Legal Authority: 26 USC 263(a)
RIN: 1545–BD78
CFR Citation: 26 CFR 1 Timetable:
Legal Deadline: None Action Date FR Cite
2683. ∑ POSSIBLE UPDATE AND
REVISION OF TREASURY Abstract: To reduce the prospect of NPRM 07/00/05
REGULATION SECTIONS 1.381(C)(4) future controversy, the Service and
AND (5)–1 Treasury Department intend to propose Regulatory Flexibility Analysis
regulations to address the treatment of Required: No
Priority: Substantive, Nonsignificant amounts that facilitate certain tax-free
Small Entities Affected: No
Unfunded Mandates: Undetermined and taxable transactions and other
restructurings and that are required to Government Levels Affected: None
Legal Authority: 26 USC 381(c)(4); 26
be capitalized under section 263(a) and
USC 381(C)(5) Additional Information: REG-143544-04
section 1.263(a)-5.
CFR Citation: 26 CFR 1 Timetable: Drafting attorney: Emidio J. Forlini
Legal Deadline: None Action Date FR Cite (202) 622-7930
Abstract: The proposed amendments NPRM 03/00/05
will focus on how to determine the CC: COR
principal accounting method; how Regulatory Flexibility Analysis
Required: No Agency Contact: Emidio J. Forlini Jr.,
taxpayers will procedually change Attorney, Department of the Treasury,
when they’re not permitted to use or Small Entities Affected: No Internal Revenue Service, 1111
prefer not to use the principal Government Levels Affected: None Constitution Avenue NW, Washington,
accounting method; how taxpayers will DC 20224
reflect the difference in computing Additional Information: REG-143640-04
Phone: 202 622–7930
taxable income when they change their Drafting attorney: Angella L. Warren
accounting methods; reconciling (202) 622-4950 RIN: 1545–BD84

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73693

TREAS—IRS Proposed Rule Stage

2686. ∑ GUIDANCE UNDER SECTION Treasury, Internal Revenue Service, Timetable:


79 1111 Constitution Avenue NW, Action Date FR Cite
Priority: Substantive, Nonsignificant. Washington, DC 20224
Phone: 202 622–6080 NPRM 03/00/05
Major status under 5 USC 801 is
undetermined. RIN: 1545–BD85 Regulatory Flexibility Analysis
Unfunded Mandates: Undetermined Required: No
Legal Authority: 26 USC 79 2687. ∑ DEFINITION OF THE ‘‘DUE Small Entities Affected: No
CFR Citation: 26 CFR 79 DATE’’ FOR PURPOSES OF Government Levels Affected: None
CALCULATING OVERPAYMENT
Legal Deadline: None Additional Information: REG-148576-04
INTEREST UNDER SECTION
Abstract: Guidance under 26 U.S.C. 301.6611(H) Drafting attorney: Tatiana Belenkaya
section 79, group term life insurance. (202) 622-4910
Priority: Info./Admin./Other
Timetable:
Unfunded Mandates: Undetermined Reviewing attorney: Pamela W. Fuller
Action Date FR Cite (202) 622-4910
NPRM 07/00/05 Legal Authority: 26 USC 6611
CC:APJP:B01
Regulatory Flexibility Analysis CFR Citation: 26 CFR 301
Agency Contact: Tatiana L. Belenkaya,
Required: Undetermined Legal Deadline: None Attorney, Department of the Treasury,
Government Levels Affected: Internal Revenue Service, 1111
Undetermined Abstract: These regulations will amend
Constitution Avenue NW, Washington,
26 CFR section 301.6611-1(h) to clarify
Federalism: Undetermined DC 20224
the allowance for overpayment interest
Phone: 202 622–4910
Agency Contact: Betty J. Clary, in cases in which an overpayment is
Attorney–Advisor, Department of the credited against an underpayment. RIN: 1545–BD86

Department of the Treasury (TREAS) Final Rule Stage


Internal Revenue Service (IRS)

2688. FOREIGN CORPORATIONS Timetable: 2689. NONRECOGNITION OF


CORPORATE DISTRIBUTIONS AND
Priority: Substantive, Nonsignificant Action Date FR Cite
REORGANIZATIONS UNDER THE
Legal Authority: 26 USC 7805; 26 USC NPRM 05/16/86 51 FR 17990 FOREIGN INVESTMENT IN REAL
367 Final Action 06/00/05 PROPERTY TAX ACT

Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant


CFR Citation: 26 CFR 1
Required: No Legal Authority: 26 USC 7805; 26 USC
Legal Deadline: None 897
Small Entities Affected: No
Abstract: The income tax regulations CFR Citation: 26 CFR 1
under section 367 will be amended to Government Levels Affected: None Legal Deadline: None
reflect the changes made to that section
by the Tax Reform Act of 1984. Section Additional Information: REG-209042-86 Abstract: These regulations will
367 now provides generally that a (INTL-610-86) provide rules concerning the effect of
foreign corporation will not be certain distributions including
Drafting attorney: Michael H. Frankel dividends, redemptions, distributions
considered to be a corporation, for
purposes of certain nonrecognition (202) 622-3860 pursuant to reorganizations, and
provisions of the Code, upon the liquidations on corporations and their
Reviewing attorney: Charlie Besecky
transfer of property to such corporation shareholders under the Foreign
(202) 622-3860
by a U.S. person. The statute provides Investment in Real Property Tax Act.
certain exceptions to that rule, CC:INTL Regulations will also provide rules for
exemptions to those exceptions, and determining the extent to which
special rules applicable to certain Agency Contact: Michael H. Frankel, nonrecognition would apply to certain
specified transfers. The regulations will Senior Technical Reviewer, Department transfers of real property interests and
provide guidance concerning the of the Treasury, Internal Revenue the extent to which certain
applicability of the general rule and its Service, 1111 Constitution Avenue NW, reorganizations will be treated as sales
exceptions and special rules, including Washington, DC 20224 of property at fair market value.
guidance concerning transfers of assets Phone: 202 622–3860 Timetable:
for use in the active conduct of a trade
or business, stock transfers, transfers of RIN: 1545–AK74 Action Date FR Cite
intangible assets, and transfers of NPRM 05/05/88 53 FR 16233
branch operations that have operated at Hearing 03/01/89 54 FR 1189
a loss. Final Action 12/00/04

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73694 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Final Rule Stage

Regulatory Flexibility Analysis 2691. INTEREST–FREE 2692. DEFINITION OF ‘‘HIGHLY


Required: No ADJUSTMENTS COMPENSATED EMPLOYEE’’
Small Entities Affected: No Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant
Government Levels Affected: None Legal Authority: 26 USC 7805; 26 USC
Legal Authority: 26 USC 7805; 26 USC 414
Additional Information: REG-209039-87 6205
CFR Citation: 26 CFR 1
(INTL-491-87)
CFR Citation: 26 CFR 31 Legal Deadline: None
Drafting attorney: Robert W. Lorence
Legal Deadline: None Abstract: The regulations define the
(202) 622-3860
term ‘‘highly compensated employee’’
Reviewing attorney: Charles P. Besecky Abstract: Under section 6205(a)(1) of under section 414(q) of the Code.
(202) 622-3860 the Code, if less than the correct Temporary and proposed regulations,
amount of tax imposed under the FICA, under sections 414(q) and 414(s), were
CC:INTL
the RRTA, or the income tax published February 19, 1988 (53 FR
Agency Contact: Robert W. Lorence, withholding provisions is paid with 4965). Final regulations, under section
Senior Counsel, Department of the respect to any payment of wages or 414(s), were published September 19,
Treasury, Internal Revenue Service, compensation, proper adjustments with 1991 (56 FR 47659), under project EE-
1111 Constitution Avenue NW, respect to both the tax and amount to 129-86. The regulations under 414(q)
Washington, DC 20224 be deducted must be made without were split off from project EE-129-86.
Phone: 202 622–3860 interest in such manner and in such It is anticipated that proposed
times as the Secretary may by regulations under section 414(q) will be
RIN: 1545–AK79
regulations prescribe. The amendments published in the future under project
add language to clarify that an interest- REG-209558-92 (EE-32-92).
2690. REGISTRATION REQUIRED free adjustment can be made in certain Timetable:
OBLIGATIONS situations in which the error is
Action Date FR Cite
Priority: Substantive, Nonsignificant ascertained before the appropriate
return is filed. The amendments are NPRM 02/19/88 53 FR 4999
Legal Authority: 26 USC 7805; 26 USC intended to apply only to situations in NPRM Comment 04/19/88
165 which no return was filed because the Period End
employer improperly failed to treat its Partially Closed by TD 06/27/94 59 FR 32911
CFR Citation: 26 CFR 1 8548
workers as employees.
Legal Deadline: None Final Action 12/00/04
Timetable: Regulatory Flexibility Analysis
Abstract: This regulation will finalize
Action Date FR Cite Required: No
all outstanding proposed regulations
under section 1.163-1(b)(2). NPRM 12/10/92 57 FR 58423
Small Entities Affected: No
Timetable: NPRM Comment 02/08/93 Government Levels Affected: Local,
Period End State
Action Date FR Cite
Final Action 12/00/04 Federalism: Undetermined
NPRM 01/21/93 58 FR 5316
Regulatory Flexibility Analysis Additional Information: REG-209558-92
Final Action 12/00/04
Required: No Drafting attorney: R. Lisa Mojiri-Azad
Regulatory Flexibility Analysis (202) 622-6080
Required: No Small Entities Affected: No
Reviewing attorney: Marjorie Hoffman
Small Entities Affected: No Government Levels Affected: None (202) 622-6030
Government Levels Affected: None Additional Information: REG-209538-92 Treasury attorney: W. Thomas Reeder
(EE-12-92) (202) 622-1341
Additional Information: REG-208245-90
(INTL-115-90) CC:TEGE
Drafting attorney: Karin Loverud (202)
Drafting attorney: Carl M. Cooper (202) Agency Contact: R. Lisa Mojiri–Azad,
622-6060
622-3840 Senior Attorney, Department of the
Reviewing attorney: Mary Oppenheimer Treasury, Internal Revenue Service,
Reviewing attorney: Valerie A. Mark (202) 622-6010 1111 Constitution Avenue NW,
Lippe (202) 622-3840 Washington, DC 20224
CC:TEGE Phone: 202 622–6060
CC:INTL
Agency Contact: Karin Loverud, Tax RIN: 1545–AQ74
Agency Contact: Carl M. Cooper,
Attorney–Advisor, Department of the Law Specialist, Department of the
Treasury, Internal Revenue Service, Treasury, Internal Revenue Service, 2693. ESCROW FUNDS AND OTHER
1111 Constitution Avenue NW, 1111 Constitution Avenue NW, SIMILAR FUNDS
Washington, DC 20224 Washington, DC 20224
Priority: Substantive, Nonsignificant
Phone: 202 622–3840 Phone: 202 622–6060
Legal Authority: 26 USC 7805; 26 USC
RIN: 1545–AP33 RIN: 1545–AQ61 0468B

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73695

TREAS—IRS Final Rule Stage

CFR Citation: 26 CFR 1 Small Entities Affected: No Phone: 202 622–3950


Legal Deadline: None Government Levels Affected: None RIN: 1545–AT46
Abstract: This regulation provides Additional Information: REG-209724-94
further guidance relating to certain (FI-42-94) 2696. DEFINITION OF PRIVATE
escrow funds and other similar funds. Drafting attorney: Stephen J. Coleman ACTIVITY BOND—REFUNDING
Timetable: (202) 622-6289 REGULATIONS
Action Date FR Cite Reviewing attorney: Elizabeth Handler Priority: Substantive, Nonsignificant
NPRM 02/01/99 64 FR 4801 (202) 622-3157 Legal Authority: 26 USC 7805
NPRM Comment 05/03/99 CC:FIP CFR Citation: 26 CFR 1
Period End
Sections 1.475(a)-3 finalized in TD Legal Deadline: None
Final Action 12/00/04
8700. Sections 1.475(b)-4 finalized in
Regulatory Flexibility Analysis Abstract: These regulations will
TD 8700. Sections 1.475(c)-2 finalized
Required: Yes provide guidance on the application of
in TD 8700.
the private loan test and the private
Small Entities Affected: Businesses Agency Contact: Stephen J. Coleman, business use and private
Government Levels Affected: None Attorney–Advisor, Department of the payments/security tests to refunding
Treasury, Internal Revenue Service, bonds.
Additional Information: REG-209619-93
1111 Constitution Avenue NW,
(IA-17-93) Timetable:
Washington, DC 20224
Drafting attorney: Richard Shevak (202) Phone: 202 622–6289 Action Date FR Cite
622-8142
RIN: 1545–AS85 NPRM 12/30/94 59 FR 67658
Reviewing attorney: Jeffery G. Mitchell NPRM Comment 05/01/95
(202) 622-7034 Period End
2695. STRADDLES— Second NPRM 05/14/03 68 FR 25845
CC:ITA:7 –MISCELLANEOUS ISSUES Final Action 12/00/04
Agency Contact: Richard Shevak, Priority: Substantive, Nonsignificant
Attorney–Advisor, Department of the Regulatory Flexibility Analysis
Treasury, Internal Revenue Service, Legal Authority: 26 USC 7805; 26 USC Required: No
1111 Constitution Avenue NW, 1092 Small Entities Affected: No
Washington, DC 20224 CFR Citation: 26 CFR 1 Government Levels Affected: None
Phone: 202 622–8142
Legal Deadline: None Additional Information: REG-113007-99
Related RIN: Related to 1545–BD19
Abstract: This regulation clarifies the Drafting attorney: Laura Lederman (202)
RIN: 1545–AR82 circumstances in which common stock 622-3980
may be personal property for purposes
of section 1092. Treasury attorney: Stephen Watson
2694. MARK–TO–MARKET UPON (202) 622-1322
DISPOSITION Timetable:
CC:TEGE
Priority: Substantive, Nonsignificant Action Date FR Cite
Agency Contact: Laura Lederman,
Legal Authority: 26 USC 7805; 26 USC NPRM 05/02/95 60 FR 21482 attorney, Department of the Treasury,
475 Final Action 12/00/04 Internal Revenue Service, 1111
CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Constitution Avenue NW, Washington,
Legal Deadline: None Required: No DC 20024
Phone: 202 622–3980
Abstract: The regulations address the Small Entities Affected: No
relationship between mark-to-market RIN: 1545–AU98
Government Levels Affected: None
accounting and accrual of stated
interest, discount and premium, and Additional Information: REG-209768-95
(FI-21-95) 2697. RETURN OF LEVIED PROPERTY
between mark-to-market accounting and IN CERTAIN CASES
the tax treatment of bad debts. The Drafting attorney: Mary Brewer (202)
regulations also provide that securities 622-3950 Priority: Substantive, Nonsignificant
are to be marked to market upon Reviewing attorney: Christina Morrison Unfunded Mandates: Undetermined
disposition by a dealer and the (202) 622-3950 Legal Authority: 26 USC 7805
exemption from marking to market in
certain securitization transactions. Treasury attorney: Mike Novey (202) CFR Citation: 26 CFR 301
622-1339 Legal Deadline: None
Timetable:
CC:FI Abstract: Section 501(b) of the
Action Date FR Cite
Agency Contact: Mary Brewer, Taxpayer Bill of Rights 2 amended
NPRM 01/04/95 60 FR 397 Attorney–Advisor, Department of the section 6343 of the Internal Revenue
Final Action 12/00/04 Treasury, Internal Revenue Service, Code to authorize the Secretary to
Regulatory Flexibility Analysis 1111 Constitution Avenue NW, return levied property in four
Required: No Washington, DC 20224 enumerated circumstances. Section

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73696 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Final Rule Stage

1102(d)(1)(B) of RRA 98 changed Reviewing attorney: Valerie A. Mark certain transfers of intercompany
‘‘Taxpayer Advocate’’ to ‘‘National Lippe (202) 622-3840 obligations by or to a member of a
Taxpayer Advocate’’ as a person who CC:INTL consolidated group.
determines what is in the best interest Timetable:
of the taxpayer. The regulations set Agency Contact: Carl M. Cooper,
forth the circumstances in which the Attorney–Advisor, Department of the Action Date FR Cite
Secretary may return property and Treasury, Internal Revenue Service,
NPRM 12/18/98 63 FR 70354
procedures to implement these 1111 Constitution Avenue NW,
NPRM Comment 03/22/99
sections. Washington, DC 20224 Period End
Phone: 202 622–3840 Final Action 12/00/04
Timetable:
RIN: 1545–AV27 Regulatory Flexibility Analysis
Action Date FR Cite
Required: No
NPRM 02/14/01 66 FR 10249
2699. MARK–TO–MARKET Small Entities Affected: No
Final Action 12/00/04
ACCOUNTING FOR DEALERS IN
Regulatory Flexibility Analysis COMMODITIES AND TRADERS IN Government Levels Affected: None
Required: No SECURITIES AND COMMODITIES Additional Information: REG-105964-98
Small Entities Affected: No Priority: Substantive, Nonsignificant Drafting attorney: Frances Kelly (202)
Government Levels Affected: None Legal Authority: 26 USC 475; 26 USC 622-7072
Additional Information: REG-101520-97 7805 Reviewing attorney: Michael J. Wilder
CFR Citation: 26 CFR 1 (202) 622-3393
Drafting attorney: Kevin B. Connelly
(202) 622-3630 Legal Deadline: None Treasury attorney: Audrey Nacamuli
(202) 622-5721
Reviewing attorney: Robert Miller (202) Abstract: This regulation provides
622-3630 guidance concerning mark-to-market CC:COR
Treasury attorney: Julian Kim (202) accounting for securities traders and Agency Contact: Frances L. Kelly,
622-1981 commodities dealers and traders. Attorney–Advisor, Department of the
Timetable: Treasury, Internal Revenue Service,
CC:PA:CBS
1111 Constitution Avenue NW,
Agency Contact: Kevin B. Connelly, Action Date FR Cite Washington, DC 20224
Attorney–Advisor, Department of the NPRM 01/28/99 64 FR 4374 Phone: 202 622–7770
Treasury, Internal Revenue Service, Final Action 12/00/04 Related RIN: Related to 1545–BA11
1111 Constitution Avenue NW,
Regulatory Flexibility Analysis RIN: 1545–AW30
Washington, DC 20224
Required: No
Phone: 202 622–3630
Small Entities Affected: No
RIN: 1545–AV01 2701. CAPITAL GAIN GUIDANCE
Government Levels Affected: None RELATING TO CRTS
2698. ELECTRONIC TRANSMISSION Additional Information: REG-104924-98 Priority: Substantive, Nonsignificant
OF WITHHOLDING CERTIFICATES Drafting attorney: Stephen J. Coleman Legal Authority: 26 USC 7805; 26 USC
Priority: Substantive, Nonsignificant (202) 622-6289 1; 26 USC 664
Legal Authority: 26 USC 7805; 26 USC Reviewing attorney: Elizabeth Handler CFR Citation: 26 CFR 1
6061; 26 USC 1441 (202) 622-6289
Legal Deadline: None
CFR Citation: 26 CFR 1 CC:FI
Abstract: The regulation provides
Legal Deadline: None Agency Contact: Stephen J. Coleman, guidance relating to charitable
Attorney–Advisor, Department of the remainder trusts in light of the changes
Abstract: This regulation provides Treasury, Internal Revenue Service,
guidance for the electronic transmission made to section 1(h) of the Internal
1111 Constitution Avenue NW, Revenue Code by the Taxpayer Relief
of withholding certificates. Washington, DC 20224 Act of 1997, the Internal Revenue
Timetable: Phone: 202 622–6289 Service Restructuring and Reform Act
Action Date FR Cite RIN: 1545–AW06 of 1998, and the Jobs and Growth Tax
Relief Reconciliation Act of 2003.
NPRM 10/14/97 62 FR 53504
Final Action 12/00/04 2700. INTERCOMPANY OBLIGATIONS Timetable:
Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Action Date FR Cite
Required: No Legal Authority: 26 USC 1502; 26 USC NPRM 11/20/03 68 FR 65419
Small Entities Affected: No 7805 Final Action 12/00/04
Government Levels Affected: None CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis
Additional Information: REG-107872-97 Legal Deadline: None Required: No
Drafting attorney: Carl M. Cooper (202) Abstract: The regulation provides Small Entities Affected: No
622-3840 clarification of the tax treatment of Government Levels Affected: None

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73697

TREAS—IRS Final Rule Stage

Additional Information: REG-110896-98 2703. HIGHWAY VEHICLE— Small Entities Affected: No


Drafting attorney: Theresa M. DEFINITION Government Levels Affected: None
Melchiorre (202) 622-7830 Priority: Substantive, Nonsignificant Additional Information: REG-103823-99
Reviewing attorney: Katherine A. Legal Authority: 26 USC 7805; 26 USC Drafting attorney: Bernard P. Harvey, III
Mellody (202) 622-3090 4051 (202) 622-3110
Treasury attorney: Catherine Hughes CFR Citation: 26 CFR 48 Reviewing attorney: Charles B. Ramsey
(202) 622-9407 Legal Deadline: None (202) 622-3110
CC:PSI Abstract: This regulation provides Treasury attorney: George Manousos
Agency Contact: Theresa M. amendments to regulations relating to (202) 622-0865
Melchiorre, Attorney–Advisor, definition of a highway vehicle. CC:PSI
Department of the Treasury, Internal Timetable:
Revenue Service, 1111 Constitution Agency Contact: Bernard P. Harvey III,
Avenue NW, Washington, DC 20224 Action Date FR Cite Attorney–Advisor, Department of the
Phone: 202 622–7830 NPRM 06/06/02 67 FR 38913 Treasury, Internal Revenue Service,
Public Hearing 02/27/03 1111 Constitution Avenue NW,
RIN: 1545–AW35 Washington, DC 20224
Final Action 06/00/05
Phone: 202 622–3110
Regulatory Flexibility Analysis
2702. REPORTING OF PAYMENTS TO Required: No RIN: 1545–AX12
ATTORNEY
Small Entities Affected: No
Priority: Substantive, Nonsignificant 2705. CASH OR DEFERRED
Government Levels Affected: None ARRANGEMENTS
Unfunded Mandates: Undetermined
Additional Information: REG-103829-99 Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6045
Drafting attorney: Theodore N. Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1 Margopulos (202) 622-3130
Legal Deadline: None CFR Citation: 26 CFR 1
Reviewing attorneys: Frank Boland
(202) 622-3130 and Phillip Howard Legal Deadline: None
Abstract: The regulation provides
information reporting requirements for (202) 622-3000 Abstract: This regulation updates and
payments of gross proceeds made in the Treasury attorney: John Parcell (202) revises regulations on qualified cash or
course of a trade or business to 622-2578 deferred arrangements, matching
attorneys in connection with legal contributions, and employee
services. CC:PSI contributions.
Agency Contact: Theodore N. Timetable:
Timetable:
Margopulos, Attorney–Advisor,
Action Date FR Cite Department of the Treasury, Internal Action Date FR Cite
NPRM 05/21/99 64 FR 27730 Revenue Service, 1111 Constitution NPRM 07/17/03 68 FR 42476
Second NPRM 05/17/02 67 FR 35064 Avenue NW, Washington, DC 20224 Final Action 12/00/04
Final Action 12/00/04 Phone: 202 622–3130
Regulatory Flexibility Analysis
Regulatory Flexibility Analysis RIN: 1545–AX10 Required: No
Required: No Small Entities Affected: Businesses
Small Entities Affected: No 2704. GUIDANCE ON COST Government Levels Affected: None
RECOVERY IN THE ENTERTAINMENT
Government Levels Affected: None INDUSTRY Additional Information: REG-108639-99
Additional Information: REG-126024-01 Priority: Substantive, Nonsignificant Drafting attorney: R. Lisa Mojiri-Azad
Drafting attorney: Nancy L. Rose (202) (202) 622-6060
Legal Authority: 26 USC 7805
622-4910 Reviewing attorney: Marjorie Hoffman
CFR Citation: 26 CFR 1 (202) 622-6000
Reviewing attorney: James C. Gibbons
(202) 622-4910 Legal Deadline: None Treasury attorney: W. Thomas Reeder
Treasury attorney: Eric San Juan (202) Abstract: This regulation relates to the (202) 622-1341
622-0224 application of the income forecast CC:TEGE
method under section 167(g) of the
CC:PA:APJ Internal Revenue Code. Agency Contact: R. Lisa Mojiri–Azad,
Agency Contact: Nancy L. Rose, Senior Attorney, Department of the
Timetable: Treasury, Internal Revenue Service,
Attorney–Advisor, Department of the
Treasury, Internal Revenue Service, Action Date FR Cite 1111 Constitution Avenue NW,
1111 Constitution Avenue NW, NPRM 05/31/02 67 FR 38025 Washington, DC 20224
Washington, DC 20224 Final Action 06/00/05 Phone: 202 622–6060
Phone: 202 622–4910 Regulatory Flexibility Analysis Related RIN: Related to 1545–AX43
RIN: 1545–AW72 Required: No RIN: 1545–AX26

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73698 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Final Rule Stage

2706. STOCK TRANSFER RULES— Timetable: Treasury, Internal Revenue Service,


CARRYOVER OF EARNINGS AND Action Date FR Cite 1111 Constitution Avenue NW,
TAXES Washington, DC 20224
NPRM 02/05/90 55 FR 3750 Phone: 202 622–6080
Priority: Substantive, Nonsignificant Final Action 12/00/04
Legal Authority: 26 USC 7805; 26 USC RIN: 1545–AX84
Regulatory Flexibility Analysis
367 Required: No
CFR Citation: 26 CFR 1 2709. CAPITALIZATION OF INTEREST
Small Entities Affected: No AND CARRYING CHARGES
Legal Deadline: None Government Levels Affected: None PROPERLY ALLOCABLE TO
Abstract: This regulation provides Additional Information: REG-117608-99 STRADDLES
guidance with respect to how earnings Priority: Substantive, Nonsignificant
and profits and foreign income tax Drafting attorney: David F. Bergkuist
accounts carry over under section 381 (202) 622-3850 Legal Authority: 26 USC 7805; 26 USC
and are allocated under section 312 in Reviewing attorney: Anne O. Devereaux 263; 26 USC 1092
certain transactions described in (202) 622-3850 CFR Citation: 26 CFR 1
section 367(b) of the Internal Revenue CC:INTL Legal Deadline: None
Code.
Agency Contact: David F. Bergkuist, Abstract: These regulations will clarify
Timetable: Attorney–Advisor, Department of the the types of payments that may be
Action Date FR Cite Treasury, Internal Revenue Service, ‘‘interest’’ or ‘‘carrying charges’’ subject
1111 Constitution Avenue NW, to 26 U.S.C. 263(g), clarify the
NPRM 11/15/00 65 FR 69138
Washington, DC 20224 operation of the capitalization rules of
Final Action 12/00/04
Phone: 202 622–3850 26 U.S.C. 263(g), and also clarify what
Regulatory Flexibility Analysis RIN: 1545–AX72 constitutes ‘‘positions’’ and ‘‘losses’’
Required: No subject to 26 U.S.C. 1092.
Small Entities Affected: No Timetable:
2708. HIPAA PORTABILITY
Government Levels Affected: None Action Date FR Cite
Priority: Substantive, Nonsignificant
Additional Information: REG-116050-99 NPRM 01/18/01 66 FR 4746
Legal Authority: 26 USC 7805; 26 USC
Drafting attorney: Mark R. Pollard (202) 9833 NPRM Comment 05/01/01
622-3850 Period End
CFR Citation: 26 CFR 54 Final Action 12/00/04
Reviewing attorney: Anne Devereaux Legal Deadline: None
(202) 622-3850 Regulatory Flexibility Analysis
Abstract: These regulations provide Required: No
Treasury attorney: Michael Caballero guidance to group health plans
(202) 622-0851 Small Entities Affected: No
regarding the limitations on imposing
CC:INTL pre-existing condition exclusions and Government Levels Affected: None
Agency Contact: Mark R. Pollard, the special enrollment rules. These Additional Information: REG-105801-00
Attorney–Advisor, Department of the regulations also provide guidance Drafting attorney: Mary Brewer (202)
Treasury, Internal Revenue Service, regarding plans and benefits that are 622-3950
1111 Constitution Avenue NW, not subject to these rules.
Reviewing attorney: Christina Morrison
Washington, DC 20224 Timetable: (202) 622-3950
Phone: 202 622–3850 Action Date FR Cite Treasury attorney: Mike Novey (202)
RIN: 1545–AX65 NPRM 04/08/97 62 FR 16977 622-1339
Final Action 12/00/04 CC:FI
2707. ALLOCATION AND Regulatory Flexibility Analysis Agency Contact: Mary Brewer,
APPORTIONMENT OF INTEREST Required: No Attorney–Advisor, Department of the
EXPENSE AND CERTAIN OTHER
Small Entities Affected: No Treasury, Internal Revenue Service,
EXPENSES
Government Levels Affected: None 1111 Constitution Avenue NW,
Priority: Substantive, Nonsignificant Washington, DC 20224
Additional Information: REG-119828-99 Phone: 202 622–3950
Legal Authority: 26 USC 7805; 26 USC
864 Drafting attorney: Russell Weinheimer RIN: 1545–AX92
(202) 622-6080
CFR Citation: 26 CFR 1
Reviewing attorney: Alan Tawshunsky
Legal Deadline: None (202) 622-6000 2710. ASSUMPTION OF
Abstract: These regulations provide PARTNERSHIP LIABILITIES
Treasury attorney: Kevin Knopf (202)
rules for the allocation and 622-2329 Priority: Substantive, Nonsignificant
apportionment of interest expenses and Unfunded Mandates: Undetermined
certain other expenses for purposes of CC:TEGE
the foreign tax credit and certain other Agency Contact: Russell Weinheimer, Legal Authority: 26 USC 752
international tax provisions. Attorney–Advisor, Department of the CFR Citation: 26 CFR 1

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TREAS—IRS Final Rule Stage

Legal Deadline: None Government Levels Affected: None 2713. HIPAA NONDISCRIMINATION
Abstract: This regulation prevents the Additional Information: REG-107279-00 EXCEPTION FOR CHURCH PLANS
acceleration or duplication of losses Drafting attorney: Victoria J. Driscoll Priority: Substantive, Nonsignificant
through the assumption of liabilities in (202) 622-4920 Legal Authority: 26 USC 7805; 26 USC
transactions involving partnerships.
Reviewing attorney: Robert A. 7853
Timetable: Berkovsky (202) 622-4920 CFR Citation: 26 CFR 1
Action Date FR Cite CC:PA: ITA Legal Deadline: None
NPRM 06/24/03 68 FR 37434 Agency Contact: Victoria J. Driscoll,
Abstract: These regulations provide
Final Action 12/00/04 Attorney–Advisor, Department of the
guidance on the exception for certain
Regulatory Flexibility Analysis Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, grandfathered church plans from the
Required: No general rule requiring group health
Washington, DC 20224
Small Entities Affected: No Phone: 202 622–4920 plans not to discriminate in rules for
Fax: 2026226853 eligibility on the basis of any health
Government Levels Affected:
factor.
Undetermined RIN: 1545–AY18
Federalism: Undetermined Timetable:
Additional Information: REG-106736-00 Action Date FR Cite
2712. HIPAA GENERAL
Drafting attorney: Laura Nash (202) NONDISCRIMINATION NPRM 01/10/01 66 FR 1437
622-3050 Priority: Substantive, Nonsignificant Final Action 06/00/05

Reviewing attorney: Dianna Miosi (202) Legal Authority: 26 USC 7805; 26 USC Regulatory Flexibility Analysis
622-3050 9833 Required: No
Treasury attorney: Deborah Harrington CFR Citation: 26 CFR 54 Small Entities Affected: No
(202) 622-1788 Legal Deadline: None Government Levels Affected: None
CC:PSI Abstract: These regulations provide Additional Information: REG-114083-00
Agency Contact: Laura C. Nash, guidance regarding the requirements
Drafting attorney: Russell Weinheimer
Attorney–Advisor, Department of the imposed on group health plans not to
(202) 622-6080
Treasury, Internal Revenue Service, discriminate in rules for eligibility
1111 Constitution Avenue NW, under the plan on the basis of any Reviewing attorney: Alan Tawnshunsky
Washington, DC 20224 health factor, and not to require any (202) 622-6000
Phone: 202 622–3050 individual to pay a higher premium or Treasury attorney: Kevin Knopf (202)
contribution for coverage under the 622-2329
Related RIN: Related to 1545–BB83 plan than any similarly situated
RIN: 1545–AX93 individual based on any health factor. CC:TEGE
Timetable: Agency Contact: Russell Weinheimer,
2711. AUTHORIZED PLACEMENT Attorney–Advisor, Department of the
Action Date FR Cite
AGENCY Treasury, Internal Revenue Service,
NPRM 01/08/01 66 FR 1435 1111 Constitution Avenue NW,
Priority: Substantive, Nonsignificant Final Action 06/00/05 Washington, DC 20224
Legal Authority: 26 USC 152 Regulatory Flexibility Analysis Phone: 202 622–6080
CFR Citation: 26 CFR 1 Required: No RIN: 1545–AY33
Legal Deadline: None Small Entities Affected: No
Abstract: This regulation amends the Government Levels Affected: None 2714. HIPAA NONDISCRIMINATION
definition of ‘‘authorized placement Additional Information: REG-114082-00 EXCEPTION FOR BONA FIDE
agency’’ (for purposes of determining WELLNESS PROGRAMS
Drafting attorney: Russell Weinheimer
whether a child placed for legal (202) 622-6080 Priority: Substantive, Nonsignificant
adoption in a taxpayer’s home is a
dependent of the taxpayer) to include Reviewing attorney: Alan Tawshunsky Legal Authority: 26 USC 7805; 26 USC
biological parents and other persons (202) 622-6000 9833
authorized by State law to place Treasury attorney: Kevin Knopf (202) CFR Citation: 26 CFR 1
children for legal adoption. 622-2329
Legal Deadline: None
Timetable: CC:TEGE
Abstract: These regulations provide
Action Date FR Cite Agency Contact: Russell Weinheimer, guidance regarding the exception for
Attorney–Advisor, Department of the certain wellness programs to the
NPRM 11/30/00 65 FR 71277
Treasury, Internal Revenue Service, general rule imposed on group health
Final Action 12/00/04
1111 Constitution Avenue NW, plans not to require a higher premium
Regulatory Flexibility Analysis Washington, DC 20224 or contribution from an individual than
Required: No Phone: 202 622–6080 from a similarly situated individual
Small Entities Affected: No RIN: 1545–AY32 based on any health factor.

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73700 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Final Rule Stage

Timetable: Agency Contact: Joseph P. Dewald, CFR Citation: 26 CFR 1


Action Date FR Cite Attorney–Advisor, Department of the Legal Deadline: None
Treasury, Internal Revenue Service,
NPRM 01/08/01 66 FR 1421 1111 Constitution Avenue NW, Abstract: This regulation provides
Final Action 06/00/05 Washington, DC 20224 guidance on section 355(e) of the
Phone: 202 622–4910 Internal Revenue Code. Section 355(e)
Regulatory Flexibility Analysis
provides that a distributing corporation
Required: No RIN: 1545–AY35 will recognize gain on the distribution
Small Entities Affected: No of stock of a controlled corporation if
Government Levels Affected: None 2716. ALLOCATION OF INCOME AND 50 percent or more of the stock of the
DEDUCTIONS FROM INTANGIBLES distributing corporation or controlled
Additional Information: REG-114084-00 corporation is acquired pursuant to a
Priority: Substantive, Nonsignificant
Drafting attorney: Russell Weinheimer plan that includes the distribution.
(202) 622-6080 Legal Authority: 26 USC 7805; 26 USC
Timetable:
482
Reviewing attorney: Alan Tawnshunsky Action Date FR Cite
(202) 622-6080 CFR Citation: 26 CFR 1
Legal Deadline: None NPRM 04/26/02 67 FR 20711
Treasury attorney: Kevin Knopf (202) Final Action 12/00/04
622-2329 Abstract: These final regulations will
address certain transactions between Regulatory Flexibility Analysis
CC:TEGE Required: No
controlled parties that involve
Agency Contact: Russell Weinheimer, intangibles. The regulations will Small Entities Affected: No
Attorney–Advisor, Department of the provide rules for allocation of income Government Levels Affected: None
Treasury, Internal Revenue Service, and deductions with respect to
1111 Constitution Avenue NW, intangibles pursuant to IRC 5482. Additional Information: REG-163892-01
Washington, DC 20224 Timetable: Drafting attorney: Amber R. Cook (202)
Phone: 202 622–6080 622-7530
Action Date FR Cite
RIN: 1545–AY34 Reviewing attorney: Stephen P. Fattman
NPRM 09/10/03 68 FR 53448 (202) 622-7700
Final Action 06/00/05
2715. INFORMATION REPORTING ON Treasury attorney: Audrey Nacamuli
Regulatory Flexibility Analysis (202) 622-5721
CANCELLATION OF INDEBTEDNESS
Required: No
Priority: Substantive, Nonsignificant CC:CORP:4
Small Entities Affected: No
Unfunded Mandates: Undetermined On January 2, 2001, a notice of
Government Levels Affected: None proposed rulemaking was published in
Legal Authority: 26 USC 7805; 26 USC Federalism: Undetermined the Federal Register (REG-107566-00;66
6050 FR 66) under section 355(e) of the
Additional Information: REG-115037-00
CFR Citation: 26 CFR 1 Internal Revenue Code of 1986. A
Drafting attorneys: Thomas A. Vidano public hearing regarding those
Legal Deadline: None (202) 435-5265; Helen Hong-George proposed regulations was held on May
Abstract: This regulation relates to (202) 435-5220 15, 2001. On August 3, 2001, those
information reporting on the Reviewing attorney: John M. Breen proposed regulations were published as
cancellation of indebtedness. (202) 435-5265 temporary regulations in the Federal
Timetable: Treasury attorney: David Ernick (202) Register (REG-107566-00; 66 FR 40590).
622-1754 This regulation withdrew the notice of
Action Date FR Cite proposed rulemaking that was
CC:INTL published on January 2, 2001, and
NPRM 06/13/02 67 FR 40629
Public Hearing 10/08/02 Agency Contact: Thomas A. Vidano, provided new rules under section 355
Final Action 12/00/04 Attorney–Advisor, Department of the (e) of the Internal Revenue Code of
Treasury, Internal Revenue Service, 1986 by cross-reference to temporary
Regulatory Flexibility Analysis 1111 Constitution Avenue NW, regulations published in the same issue
Required: No Washington, DC 20224 of the Federal Register.
Small Entities Affected: No Phone: 202 435–5265
On January 2, 2001, a notice of
Government Levels Affected: None RIN: 1545–AY38 proposed rulemaking was published in
Additional Information: REG-107524-00 the Federal Register (REG-107566-00;
2717. GUIDANCE UNDER SECTION 66 FR 66) under section 355(e) of the
Drafting attorney: Joseph P. Dewald Internal Revenue Code of 1986. A
(202) 622-4910 355(E); RECOGNITION OF GAIN ON
CERTAIN DISTRIBUTIONS OF STOCK public hearing regarding those
Reviewing attorney: Donna Welch (202) OR SECURITIES IN CONNECTION proposed regulations was held on May
622-4910 WITH AN ACQUISITION 15, 2001. On August 3, 2001, those
proposed regulations were published as
Treasury attorney: Michael Novey (202) Priority: Substantive, Nonsignificant temporary regulations in the Federal
622-1339 Legal Authority: 26 USC 7805; 26 USC Register (REG-107566-00; 66 FR 40590).
CC:PA:APJ 355(e)(5) This regulation withdraws the notice of

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Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda 73701

TREAS—IRS Final Rule Stage

proposed rulemaking that was 2719. TAX TREATMENT OF Reviewing attorney: Peter Friedman
published on January 2, 2001, and CAFETERIA PLANS (202) 622-3110
provides new rules under section Priority: Substantive, Nonsignificant
355(e) of the Internal Revenue Code of Treasury attorney: John Parcell (202)
1986 by cross-reference to temporary Legal Authority: 26 USC 125 622-2578
regulations published in the same issue CFR Citation: 26 CFR 1 CC:PSI
of the Federal Register.
Legal Deadline: None Agency Contact: David Selig,
Agency Contact: Amber R. Cook, Attorney–Advisor, Department of the
Abstract: This regulation provides
Attorney–Advisor, Department of the Treasury, Internal Revenue Service,
information about the tax treatment of
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
cafeteria plans.
1111 Constitution Avenue NW, Washington, DC 20224
Washington, DC 20224 Timetable:
Phone: 202 622–3040
Phone: 202 622–7530 Action Date FR Cite
Related RIN: Related to 1545–BA55 RIN: 1545–AY75
NPRM 01/10/01 66 FR 1923
RIN: 1545–AY42 Final Action 12/00/04
2721. NEW MARKET TAX CREDIT
Regulatory Flexibility Analysis
2718. ELECTION—ASSET Required: No Priority: Substantive, Nonsignificant
ACQUISITIONS OF INSURANCE Small Entities Affected: No Legal Authority: 26 USC 45D; 26 USC
COMPANIES
Government Levels Affected: Federal 7805
Priority: Substantive, Nonsignificant
Additional Information: REG-209461-79 CFR Citation: 26 CFR 1
Legal Authority: 26 USC 197; 26 USC
338; 26 USC 7805 Drafting attorney: Shoshanna Tanner Legal Deadline: None
(202) 622-6080
CFR Citation: 26 CFR 1 Abstract: These regulations relate to
Reviewing attorney: Janet A. Laufer
Legal Deadline: None the new markets tax credit under
(202) 622-6090
section 45D, which was enacted by
Abstract: The regulations prescribe the CC:TEGE section 121(a) of the Community
manner in which the various provisions
Agency Contact: Shoshanna Tanner, Renewal Tax Relief Act of 2000 (Pub.
of subchapter L, chapter 1, subtitle A
Attorney–Advisor, Department of the L. 106-554).
of the Internal Revenue Code apply to
asset acquisitions deemed to occur by Treasury, Internal Revenue Service, Timetable:
reason of a section 338 election as well 1111 Constitution Avenue NW,
Washington, DC 20224 Action Date FR Cite
as to actual acquisitions of insurance
company assets subject to section 1060. Phone: 202 622–6080 ANPRM 05/01/01 66 FR 21844
RIN: 1545–AY67 NPRM 12/26/01 66 FR 66376
Timetable:
Public Hearing 03/14/02
Action Date FR Cite Final Action 12/00/04
NPRM 03/08/02 67 FR 10640
2720. NORMALIZATION
Regulatory Flexibility Analysis
Public Hearing 09/18/02 Priority: Substantive, Nonsignificant Required: No
Final Action 12/00/04 Legal Authority: 26 USC 7805; 26 USC
Regulatory Flexibility Analysis 167; 26 USC 168; 26 USC 46 Small Entities Affected: No
Required: No CFR Citation: 26 CFR 1 Government Levels Affected:
Small Entities Affected: No Undetermined
Legal Deadline: None
Government Levels Affected: None Abstract: These regulations relate to Additional Information: REG-119436-01
Additional Information: REG-118861-00 the sale or deregulation of generation Drafting attorney: Paul F. Handleman
Drafting attorney: Mark Weiss (202) assets. (202) 622-3040
622-7790 Timetable: Reviewing attorney: Susan Reaman
Reviewing attorney: Victor Penico (202) Action Date FR Cite (202) 622-3040
622-7750
NPRM 03/04/03 68 FR 10190 Treasury attorney: Steve Watson (202)
Treasury attorney: Audrey Nacamuli Final Action 12/00/04 622-1322
(202) 622-0869
Regulatory Flexibility Analysis CC:PSI
CC:COR Required: No
Agency Contact: Mark Weiss, Small Entities Affected: No Agency Contact: Paul F. Handleman,
Attorney–Advisor, Department of the Attorney–Advisor, Department of the
Treasury, Internal Revenue Service, Government Levels Affected: Treasury, Internal Revenue Service,
1111 Constitution Avenue NW, Undetermined 1111 Constitution Avenue NW,
Washington, DC 20224 Additional Information: REG-104385-01 Washington, DC 20224
Phone: 202 622–7790 Phone: 202 622–3040
Drafting attorney: David Selig (202)
RIN: 1545–AY49 622-3040 RIN: 1545–AY87

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73702 Federal Register / Vol. 69, No. 238 / Monday, December 13, 2004 / Unified Agenda

TREAS—IRS Final Rule Stage

2722. REDUCTIONS OF ACCRUALS Timetable: 2725. LOSS LIMITATION RULES


AND ALLOCATIONS BECAUSE OF Action Date FR Cite Priority: Substantive, Nonsignificant
INCREASED AGE
NPRM 08/19/03 68 FR 49729 Legal Authority: 26 USC 7805; 26 USC
Priority: Substantive, Nonsignificant Final Action 12/00/04 337(d)
Legal Authority: 26 USC 7805; 26 USC Regulatory Flexibility Analysis CFR Citation: 26 CFR 1; 26 CFR 602
411 Required: No Legal Deadline: None
CFR Citation: 26 CFR 1 Small Entities Affected: No Abstract: The regulation provides
Legal Deadline: Final, Statutory, Government Levels Affected: None guidance on the treatment of certain
February 1, 1988. Additional Information: REG-140378-01 losses recognized on sales of subsidiary
Abstract: These regulations will stock by members of a consolidated
Drafting attorney: Robin M. Ferguson group under section 337(d) and section
prescribe rules regarding the (202) 622-3610
requirement that accruals and 1502 of the Internal Revenue Code. For
Reviewing attorney: Alan Levine (202) related matters, see the proposed
allocations under qualified retirement
622-3610 regulations published on March 12,
plans cannot be reduced because of the
attainment of any age. CC:PA:CBS 2002, at 67 FR 11070 regarding REG-
102740-02.
Timetable: Agency Contact: Robin M. Ferguson,
Attorney–Advisor, Department of the Timetable:
Action Date FR Cite Treasury, Internal Revenue Service, Action Date FR Cite
NPRM 12/11/02 67 FR 76123 1111 Constitution Avenue NW,
NPRM 05/31/02 67 FR 38040
Hearing 04/09/03 Washington, DC 20224
Final Action 05/00/05
Final Action 12/00/04 Phone: 202 622–3610
RIN: 1545–BA22 Regulatory Flexibility Analysis
Regulatory Flexibility Analysis Required: No
Required: No
Small Entities Affected: No
Small Entities Affected: Businesses, 2724. AMENDMENT TO THE
Organizations DEFINITION OF REFUNDING Government Levels Affected: None
Government Levels Affected: None Priority: Substantive, Nonsignificant Additional Information: REG-123305-02
and REG-102740-02
Additional Information: REG-209500-86 Legal Authority: 26 USC 7805
Drafting attorney: Lola L. Johnson (202)
Drafting attorney: Linda S.F. Marshall CFR Citation: 26 CFR 1
622-7550
(202) 622-6090 Legal Deadline: None
Reviewing attorney: Sean P. Duffley
Reviewing attorney: Marjorie Hoffman Abstract: This regulation will amend (202) 622-7530
(202) 622-6090 the definition of a refunding issue
applicable to tax-exempt bonds issued CC:COR
Treasury attorney: Harlan Weller (202) by State and local governments. Agency Contact: Lola L. Johnson,
622-1001 Attorney–Advisor, Department of the
Timetable:
CC:TEGE Treasury, Internal Revenue Service,
Action Date FR Cite 1111 Constitution Avenue NW,
Agency Contact: Linda Marshall,
NPRM 04/10/02 67 FR 17310 Washington, DC 20224
Senior Counsel, Department of the