Consolidated Omnibus Budget Reconciliation Act: Semi-annual agenda

As Enacted ( Federal Register)

Cited authorities 388

Cited in

April 24, 2006 (Volume 71, Number 78)

Unified Agenda

From the Federal Register Online via GPO Access [frwais.access.gpo.gov]

DOCID: f:ua060416.wais

Page 23050-23177

Department of the Treasury

Part XVI

Semiannual Regulatory Agenda

Page 23050

DEPARTMENT OF THE TREASURY (TREAS)

DEPARTMENT OF THE TREASURY 31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda.

SUMMARY: This notice is given pursuant to the requirements of the

Regulatory Flexibility Act (Pub. L. 96-354, September 19, 1980) and

Executive Order (E.O.) 12866 (``Regulatory Planning and Review,''

September 30, 1993), which require the publication by the Department of a semiannual agenda of regulations.

FOR FURTHER INFORMATION CONTACT: The agency contact identified in the item relating to that regulation.

SUPPLEMENTARY INFORMATION: On November 25, 2002, the President signed the Homeland Security Act of 2002 (the Act), establishing the

Department of Homeland Security (DHS). The Act transferred the United

States Customs Service from the Department of the Treasury to the DHS, where it is now known as the Bureau of Customs and Border Protection.

Notwithstanding the transfer of the Customs Service to DHS, the Act provides that the Secretary of the Treasury retains sole legal authority over the customs revenue functions, and authorizes the

Secretary to delegate any of this retained authority to the Secretary of Homeland Security. By Treasury Department Order No. 100-16, the

Secretary of the Treasury delegated to the Secretary of Homeland

Security authority to prescribe regulations pertaining to the customs revenue functions. This Order further provided that the Secretary of the Treasury retained the sole authority to approve any such regulations concerning import quotas or trade bans; user fees; marking and labeling; copyright and trademark enforcement; and the completion of entry or substance of entry summary, including duty assessment and collection, classification, valuation, application of the U.S.

Harmonized Schedules, eligibility or requirements for preferential trade programs, and the establishment of recordkeeping requirements.

Accordingly, these regulations are listed in the semiannual regulatory agenda of the Departmental Offices of the Department of the Treasury.

Because of continuing limitations in the computer software used to prepare the agenda, the agency information under the heading ``For

Further Information Contact'' for most of these regulations incorrectly indicates the Bureau of Customs and Border Protection contact person is an employee of the Department of the Treasury rather than the

Department of Homeland Security.

The semiannual agenda of the Department of the Treasury conforms to the Unified Agenda format developed by the Regulatory

Information Service Center (RISC).

Dated: March 23, 2006.

Richard S. Carro,

Senior Advisor to the General Counsel for Regulatory Affairs.

Departmental Offices--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

2261

Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for

1505-AB10

Insured Losses........................................................................ 2262

19 CFR 111 Remote Location Filing..................................................... 1505-AB20 2263

Uniform Rules of Origin............................................................... 1505-AB49 2264

Revision of Outbound Redelivery Procedures and Liabilities............................ 1505-AB52 2265

19 CFR 101 Centralization of the Continuous Bond Program at the CBP National Finance

1505-AB54

Center................................................................................ 2266

NAFTA: Post-Entry Claims and Merchandise Processing Fee Exemption..................... 1505-AB58 2267

Fees for Certain Services............................................................. 1505-AB62 2268

19 CFR 177 Administrative Rulings and Protests........................................ 1505-AB65 2269

Terrorism Risk Insurance Program; TRIA Extension Act Implementation................... 1505-AB67 2270

19 CFR 12.155 Entry of Certain Cement Products From Mexico Requiring a Commerce

1505-AB68

Department Import License.............................................................

Departmental Offices--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

2271

31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations:

1505-AA95

Publication of Economic Sanctions Enforcement Guidelines.............................. 2272

Country-of-Origin Marking............................................................. 1505-AB21 2273

Expanded Methods of Payment of Duties, Taxes, Interest, and Fees...................... 1505-AB22 2274

19 CFR 4 User and Navigation Fees; Other Reimbursable Charges......................... 1505-AB24 2275

19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences.... 1505-AB26 2276

19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin

1505-AB28

Initiative............................................................................ 2277

19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge.. 1505-AB29 2278

19 CFR 12 Dog and Cat Protection Act.................................................. 1505-AB31 2279

19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple

1505-AB34

Conveyances........................................................................... 2280

19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act....... 1505-AB37

Page 23051

2281

Trade Benefits Under the African Growth and Opportunity Act........................... 1505-AB38 2282

19 CFR 24 Fees for Customs Processing at Express Courier Facilities................... 1505-AB39 2283

Trade Benefits Under the Caribbean Basin Economic Recovery Act........................ 1505-AB40 2284

19 CFR 10 United States--Chile Free Trade Agreement................................... 1505-AB47 2285

19 CFR 10 United States--Singapore Free Trade Agreement............................... 1505-AB48 2286

Recordation of Copyrights and Enforcement Procedures To Prevent Importation of

1505-AB51

Piratical Articles.................................................................... 2287

19 CFR 141 Conditional Release Period and Customs Bond Obligations for Food, Drugs,

1505-AB57

Devices, and Cosmetics (Section 610 Review)........................................... 2288

19 CFR 12 Country of Origin of Textile and Apparel Products........................... 1505-AB60 2289

Dominican Republic-Central America-United States Free Trade Agreement................. 1505-AB64 2290

Terrorism Risk Insurance Program; TRIA Extension Act Implementation................... 1505-AB66 2291

Economic Sanctions Enforcement Procedures for Banking Institutions.................... 1505-AB69

Departmental Offices--Long-Term Actions

Regulation

Sequence

Title

Identifier

Number

2292

31 CFR Ch II Possible Regulation of Access to Accounts at Financial Institutions

1505-AA74

Through Payment Service Providers..................................................... 2293

Financial Subsidiaries................................................................ 1505-AA81 2294

12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage...................... 1505-AA84 2295

19 CFR 4 Harbor Maintenance Fee....................................................... 1505-AB11 2296

Donated Cargo Exemption From Harbor Maintenance Fee................................... 1505-AB12 2297

19 CFR 142 Reconciliation............................................................. 1505-AB16 2298

19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty-

1505-AB17

Deferral Program Provisions...........................................................

Departmental Offices--Completed Actions

Regulation

Sequence

Title

Identifier

Number

2299

Financial Activities of Financial Subsidiaries........................................ 1505-AA80 2300

12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature....... 1505-AA85 2301

Import Restrictions Imposed on Certain Archaeological and Ethnological Materials From

1505-AB59

Colombia.............................................................................. 2302

Extension of Import Restrictions Imposed on Archaeological Material Originating in

1505-AB63

Italy and Representing the Pre-Classical, Classical, and Imperial Roman Periods.......

Financial Crimes Enforcement Network--Prerule Stage

Regulation

Sequence

Title

Identifier

Number

2303

Customer Identification Programs for Pawn Brokers..................................... 1506-AA39 2304

Provision of Banking Services to Money Services Businesses............................ 1506-AA85

Financial Crimes Enforcement Network--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

2305

Customer Identification Programs for Travel Agents.................................... 1506-AA38 2306

Customer Identification Programs for Loan and Finance Companies....................... 1506-AA40 2307

Customer Identification Programs for Sellers of Vehicles.............................. 1506-AA41

Page 23052

2308

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA73

Programs for Loan and Finance Companies............................................... 2309

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA80

Programs for Businesses Engaged in Vehicle Sales, Including Automobiles, Airplane, and

Boat Sales............................................................................ 2310

Amendments to Bank Secrecy Act Regulations--Casino Recordkeeping and Reporting

1506-AA84

Requirements..........................................................................

Financial Crimes Enforcement Network--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

2311

31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross- 1506-AA15

Border Transportation of Certain Monetary Instruments................................. 2312

31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the

1506-AA23

Requirement To Report Transactions in Currency........................................ 2313

31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement That

1506-AA25

Nonfinancial Trades or Businesses Report Certain Currency Transactions................ 2314

31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and

1506-AA31

Credit Unions......................................................................... 2315

31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual

1506-AA37

Funds Report Suspicious Transactions.................................................. 2316

31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru............ 1506-AA43 2317

Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations--

1506-AA61

Nomenclature Changes.................................................................. 2318

Imposition of Special Measures Against the Commercial Bank of Syria as a Financial

1506-AA64

Institution of Primary Money Laundering Concern....................................... 2319

Imposition of Special Measure Against First Merchant Bank OSH Ltd, Incl. Its

1506-AA65

Subsidiaries, FMB Finance Ltd, First Merchant International Inc, First Merchant

Finance Ltd, and First Merchant Trust Ltd............................................. 2320

Imposition of Special Measure Against Infobank as a Financial Institution of Primary

1506-AA67

Money Laundering Concern.............................................................. 2321

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA68

Programs for Mutual Funds............................................................. 2322

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA69

Programs for Travel Agencies.......................................................... 2323

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA71

Programs for Investment Advisors...................................................... 2324

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA72

Programs for Financial Institutions................................................... 2325

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA74

Programs for Money Services Businesses................................................ 2326

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA75

Programs for Commodity Trading Advisors............................................... 2327

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA76

Programs for Operators of a Credit Card System........................................ 2328

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA77

Programs for Unregistered Investment Companies........................................ 2329

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA78

Programs for Dealers in Precious Metals, Stones, or Jewels............................ 2330

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA79

Programs for Persons Involved in Real Estate Closings and Settlements................. 2331

Amendment to the Bank Secrecy Act Regulations-Imposition of Special Measure Against

1506-AA83

Banco Delta Asia SARL.................................................................

Financial Crimes Enforcement Network--Long-Term Actions

Regulation

Sequence

Title

Identifier

Number

2332

31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and

1506-AA19

Recordkeeping Requirements--Money Services Businesses (MSBs)..........................

Page 23053

Financial Crimes Enforcement Network--Completed Actions

Regulation

Sequence

Title

Identifier

Number

2333

31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To

1506-AA08

Assess Civil Money Penalties on Depository Institutions............................... 2334

31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and

1506-AA29

Private Banking Accounts.............................................................. 2335

31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act

1506-AA36

Regulations Requirement That Insurance Companies Report Suspicious Transactions....... 2336

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA70

Programs for Insurance Companies......................................................

Financial Management Service--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

2337

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

Financial Management Service--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

2338

31 CFR 256 Payments Under Judgment and Private Relief Acts............................ 1510-AA52 2339

31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments........... 1510-AA91 2340

Federal Government Participation in the ACH........................................... 1510-AB00 2341

Payment of Federal Taxes and the Treasury Tax and Loan Program........................ 1510-AB01 2342

Offset of Federal Payments (Other Than Tax Refund and Federal Benefit Payments) To

1510-AB05

Collect Past-Due, Legally Enforceable Nontax Debt-Grant Payments Amendment............ 2343

Federal Process Agents of Surety Companies............................................ 1510-AB08 2344

Administrative Offset and Claims Collection Under Reciprocal Agreements With States... 1510-AB09

Financial Management Service--Completed Actions

Regulation

Sequence

Title

Identifier

Number

2345

Foreign Exchange Operations........................................................... 1510-AB03 2346

Federal Government Participation in the Automated Clearing House...................... 1510-AB04 2347

Withholding of District of Columbia, State, City, and County Income or Employment

1510-AB06

Taxes by Federal Agencies.............................................................

Alcohol and Tobacco Tax and Trade Bureau--Prerule Stage

Regulation

Sequence

Title

Identifier

Number

2348

Proposed Revisions to the Beer Regulations............................................ 1513-AB05 2349

Use of the Word ``Pure'' or Its Variants in the Labeling and Advertising of Alcohol

1513-AB16

Beverages............................................................................. 2350

Use of Various Winemaking Terms on Wine Labels and in Advertisements; Request for

1513-AB24

Public Comment........................................................................ 2351

Use of the Words Scotch Ale or Scottish Ale or Its Variants on Labels or in

1513-AB30

Advertising of Malt Beverage Products; Request for Public Comment.....................

Page 23054

Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

2352

Denatured Spirits, Articles, and Nonbeverage Products................................. 1513-AB03 2353

Labeling and Advertising of Wines, Distilled Spirits, and Malt Beverages.............. 1513-AB07 2354

Allergen Ingredient Labeling for Alcohol Beverages.................................... 1513-AB08 2355

Alternating Brewery Proprietors....................................................... 1513-AB09 2356

Petition To Establish the Outer Coastal Plain American Viticultural Area.............. 1513-AB13 2357

Quarterly Excise Tax Filing for Small Alcohol Excise Taxpayers........................ 1513-AB17 2358

Green Valley of Russian River Valley.................................................. 1513-AB18 2359

Lehigh Valley......................................................................... 1513-AB19 2360

Swan Creek............................................................................ 1513-AB20 2361

San Francisco Bay Expansion........................................................... 1513-AB21 2362

Snake River Valley.................................................................... 1513-AB22 2363

Proposed Expansion of the Alexander Valley Viticultural Area.......................... 1513-AB23 2364

Proposed Establishment of the Tulocay Viticultural Area............................... 1513-AB26 2365

Proposed Establishment of the Paso Robles Westside Viticultural Area.................. 1513-AB27 2366

Availability of Information........................................................... 1513-AA98 2367

Firearms and Ammunition Excise Taxes, Consignment Sales of Imported Articles.......... 1513-AB12 2368

27 CFR 252 Exportation of Liquors..................................................... 1513-AA00 2369

27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars..................... 1513-AA16 2370

27 CFR 19, Subpart W Proposed Revisions to the Distilled Spirits Plant Regulations.... 1513-AA23 2371

27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines.............. 1513-AA42 2372

27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural

1513-AA51

Area.................................................................................. 2373

Form TTB F 5110.51, Formula and Process for Domestic and Imported Alcohol Beverages... 1513-AB28 2374

Proposed Modification of Vintage Date Requirements.................................... 1513-AB29

Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

2375

New Certification Requirements for Imported Wine...................................... 1513-AB00 2376

Petition To Establish San Antonio Valley as a New American Viticultural Area.......... 1513-AB02 2377

Proposed Change to Vintage Date Requirements.......................................... 1513-AB11 2378

Petition To Establish the Rattlesnake Hills American Viticultural Area................ 1513-AB14 2379

Petition To Establish the Saddle Rock-Malibu American Viticultural Area............... 1513-AB15 2380

Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the

1513-AA80

Homeland Security Act of 2002......................................................... 2381

Firearms Excise Tax; Exemption for Small Manufacturers, Producers, and Importers...... 1513-AB25 2382

27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the

1513-AA10

Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments..... 2383

27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties 1513-AA32 2384

27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area..... 1513-AA41 2385

27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages.............. 1513-AA46 2386

27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area.................... 1513-AA54 2387

27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary Realignment/ 1513-AA55

Expansion............................................................................. 2388

27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural

1513-AA57

Area.................................................................................. 2389

27 CFR 7 Labeling and Advertising of Malt Beverages................................... 1513-AA60 2390

Petition To Establish the ``Fort Ross Seaview'' Viticultural Area..................... 1513-AA64 2391

Petition To Establish the ``Shawnee Hills'' Viticultural Area......................... 1513-AA70 2392

Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco

1513-AA72

Viticultural Area..................................................................... 2393

Proposed Establishment of Alta Mesa Viticultural Area................................. 1513-AA82 2394

Proposed Establishment of the Cosumnes River Viticultural Area........................ 1513-AA83 2395

Proposed Establishment of Sloughhouse Viticultural Area............................... 1513-AA84 2396

Proposed Establishment of Mokelumne River Viticultural Area........................... 1513-AA85 2397

Proposed Establishment of Jahant Viticultural Area.................................... 1513-AA86 2398

Proposed Establishment of Borden Ranch Viticultural Area.............................. 1513-AA87 2399

Proposed Establishment of Clements Hills Viticultural Area............................ 1513-AA88 2400

Proposed Establishment of Tracy Hills Viticultural Area............................... 1513-AA89 2401

Proposed Establishment of Covelo Viticultural Area.................................... 1513-AA90

Page 23055

2402

Petition To Establish ``Calistoga'' as an American Viticultural Area.................. 1513-AA92 2403

Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the 1513-AA96

Treatment of Wine, Juice, and Distilling Material..................................... 2404

Suspension of Special (Occupational) Tax.............................................. 1513-AB04

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

Regulation

Sequence

Title

Identifier

Number

2405

27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled 1513-AA07

Spirits and Wine...................................................................... 2406

Removal of Tobacco Products and Cigarette Papers and Tubes, Without Payment of Tax,

1513-AA99 for Use by the United States in Law Enforcement Activities............................ 2407

27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188.......... 1513-AA05 2408

27 CFR 24.66 Implementation of Public Law 105-34, Section 1416, Relating to Refund of

1513-AA06

Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer Relief

Act of 1997).......................................................................... 2409

27 CFR 4 Amended Standard of Identity for Sherry...................................... 1513-AA08 2410

27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage 1513-AA37

Use...................................................................................

Alcohol and Tobacco Tax and Trade Bureau--Completed Actions

Regulation

Sequence

Title

Identifier

Number

2411

Wahluke Slope Viticultural Area....................................................... 1513-AB01 2412

27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and

1513-AA14

Tubes Imported or Brought Into the United States...................................... 2413

27 CFR 44 Regulatory Changes From Customs Service Final Rule.......................... 1513-AA26 2414

27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment

1513-AA27 of Tax................................................................................ 2415

27 CFR 9 Proposed Red Hill Douglas County, Oregon American Viticultural Area.......... 1513-AA39 2416

27 CFR 40 Marks, Labels, Notices, and Bonds for, and Removal of, Tobacco Products, and 1513-AA49

Cigarette Papers and Tubes............................................................ 2417

27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without 1513-AA52

Payment of Tax........................................................................ 2418

Petition No. 2 To Expand the Russian River Valley Viticultural Area................... 1513-AA67 2419

Petition To Establish ``Texoma'' as a Viticultural Area............................... 1513-AA77 2420

Ramona Valley Viticultural Area....................................................... 1513-AA94 2421

Dos Rios Viticultural Area............................................................ 1513-AA95 2422

Niagara Escarpment Viticultural Area.................................................. 1513-AA97

Comptroller of the Currency--Prerule Stage

Regulation

Sequence

Title

Identifier

Number

2423

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

Comptroller of the Currency--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

2424

12 CFR 1 to 5 Regulatory Burden Reduction and Technical Amendments.................... 1557-AC79 2425

Identity Theft Detection, Prevention, and Mitigation Program for Financial

1557-AC87

Institutions and Creditors............................................................ 2426

Implementation of a Revised Basel Capital Accord (Basel II)........................... 1557-AC91

Page 23056

2427

Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:

1557-AC95

Domestic Capital Modifications........................................................ 2428

Risk-Based Capital Standards: Market Risk............................................. 1557-AC99

Comptroller of the Currency--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

2429

Fair Credit Reporting: Affiliate Marketing Regulations................................ 1557-AC88 2430

Assessment of Fees.................................................................... 1557-AC96

Comptroller of the Currency--Long-Term Actions

Regulation

Sequence

Title

Identifier

Number

2431

Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer

1557-AB93

Registration.......................................................................... 2432

Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm- 1557-AC80

Leach-Bliley Act......................................................................

Comptroller of the Currency--Completed Actions

Regulation

Sequence

Title

Identifier

Number

2433

Fair Credit Reporting: Use of Medical Information..................................... 1557-AC85 2434

Securities Borrowing Transactions..................................................... 1557-AC90 2435

12 CFR Part 4 One-Year Post-Employment Restrictions for Senior Examiners.............. 1557-AC94 2436

12 CFR 1-3 District of Columbia-Chartered Banks....................................... 1557-AC97 2437

Securities Offering Disclosure Rules; Nonpublic Offerings............................. 1557-AC98

Internal Revenue Service--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

2438

Clarification of Treatment of Separate Limitation Losses.............................. 1545-AM11 2439

Outbound Transfers of Property to Foreign Corporations................................ 1545-AM97 2440

Foreign Insurance Company--Domestic Election.......................................... 1545-AO25 2441

Taxation of Global Trading............................................................ 1545-AP01 2442

Information Reporting and Record Maintenance.......................................... 1545-AP10 2443

Definition of ``Highly Compensated Employee''......................................... 1545-AQ74 2444

Integrated Financial Transaction...................................................... 1545-AR20 2445

Application of Attribution Rules to Foreign Trusts.................................... 1545-AU91 2446

Substantiating Travel Expense Deductions for Members of Congress...................... 1545-AV55 2447

Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and 1545-AX02

Related Foreign Base Company Shipping Income.......................................... 2448

Guidance on Cost Recovery in the Entertainment Industry............................... 1545-AX12 2449

Inspection of Written Determinations.................................................. 1545-AX40 2450

Awarding of Costs and Certain Fees.................................................... 1545-AX46 2451

Highly Compensated Employee........................................................... 1545-AX48 2452

Definition of Passive Foreign Investment Company Under Section 1297................... 1545-AX78 2453

Clarification of Foreign-Based Company Sales Income Rules............................. 1545-AX91 2454

Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding

1545-AY30

Companies (FPHCs)..................................................................... 2455

Dollar-Value LIFO..................................................................... 1545-AY39

Page 23057

2456

Special Rules Relating to Transfers of Intangibles to Foreign Corporations............ 1545-AY41 2457

Previously Taxed Earnings and Profits Under Subpart F................................. 1545-AY54 2458

Liabilities Assumed in Certain Corporate Transactions................................. 1545-AY74 2459

Disclosure of Returns and Return Information in Judicial and Administrative Tax

1545-AY89

Proceedings........................................................................... 2460

Transactions Involving Obligations of Consolidated Group Members...................... 1545-BA11 2461

Deductibility of Employer Contributions for Deferred Compensation..................... 1545-BA13 2462

Suspension of Statutes of Limitation in John Doe and Third-Party Summons Disputes, and 1545-BA31

Expansion of Taxpayers' Rights To Receive Notice and Seek Judicial Review of Third

Party Summonses....................................................................... 2463

Allocation and Apportionment Rules: Guidance on Selected Issues....................... 1545-BA64 2464

Allocation of New Markets Tax Credit.................................................. 1545-BA84 2465

Section 1248 Attribution Principles................................................... 1545-BA93 2466

Guidance To Facilitate Electronic Tax Administration.................................. 1545-BA96 2467

Communications Excise Tax; Taxable Communication Services............................. 1545-BB04 2468

Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year..... 1545-BB27 2469

Application of Separate Limitations to Dividends From Noncontrolled Section 902

1545-BB28

Corporation........................................................................... 2470

Amending the Low-Income Housing Tax Credit Program.................................... 1545-BB37 2471

Substitute Dividend Payments in Securities Lending and Similar Transactions........... 1545-BB56 2472

Loss on Subsidiary Stock.............................................................. 1545-BB61 2473

Liquidation of an Interest............................................................ 1545-BB71 2474

REMIC Residuals--Timing of Income for Foreign Holders................................. 1545-BB84 2475

Dependent Care Credit................................................................. 1545-BB86 2476

General Allocation and Accounting Regulations......................................... 1545-BC07 2477

Utility Allowance Regulation Update................................................... 1545-BC22 2478

Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/ 1545-BC48 or Commodities, Including Foreign Currency Instruments................................ 2479

Stewardship Expenses.................................................................. 1545-BC52 2480

Coordination of United States and Certain Possessions Income Taxes.................... 1545-BC54 2481

Guidance Under Section 2053 Regarding Post-Death Events............................... 1545-BC56 2482

Below-Market Loans.................................................................... 1545-BC78 2483

Regulations Governing the Performance of Actuarial Services Under the Employee

1545-BC82

Retirement Income Security Act of 1974................................................ 2484

Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,

1545-BC93

Department of Commerce................................................................ 2485

Guidance Regarding the Active Trade or Business Requirement Under Section 355(b)...... 1545-BC94 2486

Accumulated Adjustment Account and Other Corporate Separations Under Section 355...... 1545-BC98 2487

Support Test in the Case of a Child of Divorced Parents............................... 1545-BD01 2488

Definition of Qualified Foreign Corporation........................................... 1545-BD15 2489

REMIC Interest-Only Regular Interests................................................. 1545-BD18 2490

Section 42 Qualified Contract Provisions.............................................. 1545-BD20 2491

Payments for Which No Return of Information Is Required Under Section 6041............ 1545-BD21 2492

Definition of Disqualified Person..................................................... 1545-BD28 2493

Transfers of Restricted Stock......................................................... 1545-BD44 2494

Classification of Indian Tribal Corporations.......................................... 1545-BD61 2495

Declaratory Judgment--Gift Tax Value.................................................. 1545-BD67 2496

Regulations Under Section 706 Regarding Determination of Distributive Share When a

1545-BD71

Partner's Interest Changes............................................................ 2497

Shareholder's Basis in Stock of an S Corporation...................................... 1545-BD72 2498

Guidance Under Section 707(c) Regarding Guaranteed Payments........................... 1545-BD74 2499

Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1............. 1545-BD81 2500

Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs...... 1545-BD82 2501

Guidance Regarding Selected Issues Under Section 336(e)............................... 1545-BD84 2502

Definition of the ``Due Date'' for Purposes of Calculating Overpayment Interest Under

1545-BD86

Section 301.6611(h)................................................................... 2503

Reduction of Fuel Excise Tax Evasion.................................................. 1545-BE03 2504

Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by

1545-BE09

Regulated Investment Companies........................................................ 2505

Intra-Group Gross Receipts Under Section 41........................................... 1545-BE14 2506

Capitalization of Amounts Paid To Repair or Improve Tangible Property................. 1545-BE18 2507

Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004

1545-BE23

(AJCA)................................................................................ 2508

Section 6011 Regulations.............................................................. 1545-BE24 2509

Section 6111 Regulations.............................................................. 1545-BE26 2510

Section 6112 Regulations.............................................................. 1545-BE28

Page 23058

2511

Tractors, Trailers, Trucks, and Tires................................................. 1545-BE31 2512

Release of Lien or Discharge of Property.............................................. 1545-BE35 2513

Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004

1545-BE39

(AJCA) (Temporary).................................................................... 2514

Definition of Dependent and Other Related Provisions.................................. 1545-BE40 2515

Balanced System for Measuring Organizational and Employee Performance Within the

1545-BE45

Internal Revenue Service.............................................................. 2516

Information Returns Required With Respect to Certain Foreign Corporations and Other

1545-BE47

Conforming Changes.................................................................... 2517

Special Depreciation Allowance--Extended Placed-In-Service Date....................... 1545-BE55 2518

Research Expenditures Resulting in Inventory Property................................. 1545-BE64 2519

Section 401(a)(4) Guidance............................................................ 1545-BE69 2520

Information Reporting on Real Estate Transactions..................................... 1545-BE73 2521

Start-Up and Organizational Expenditures.............................................. 1545-BE77 2522

Foreign Currency Contract Defined (Temporary)......................................... 1545-BE83 2523

Life/Non-Life Tacking Rule............................................................ 1545-BE85 2524

Targeted Populations Under Section 45D(e)(2).......................................... 1545-BE89 2525

Railroad Track Maintenance Credit..................................................... 1545-BE90 2526

S Corporation Guidance Under American Jobs Creation Act of 2004....................... 1545-BE95 2527

Capital Costs Incurred To Comply With EPA Sulfur Regulations.......................... 1545-BE96 2528

Disallowance of Partnership Loss Transfers and Basis Reduction in Stock of a Corporate 1545-BE98

Partner............................................................................... 2529

Section 704(c) and 737 Regulations Update............................................. 1545-BE99 2530

Cafeteria Plans....................................................................... 1545-BF00 2531

Election To Expense Certain Refineries................................................ 1545-BF05 2532

Credit Card Claims.................................................................... 1545-BF07 2533

Nuclear Decommissioning Cost.......................................................... 1545-BF08 2534

Clean Renewable Energy Bonds.......................................................... 1545-BF11 2535

Federal Income Tax Consequences of Transfers Between an Individual Debtor and the

1545-BF13

Bankruptcy Estate in Cases Under Chapters 7 and 11 of Title 11 of the United States

Code.................................................................................. 2536

Rules Under Section 302 of the Katrina Emergency Tax Relief Act of 2005............... 1545-BF14 2537

Revision of Treasury Regulation Section 1.1561-3 To Comply With Commissioner's e-File

1545-BF16

Program and With the Recommendations of TIGTA Report.................................. 2538

Alcohol Fuel and Biodiesel............................................................ 1545-BF17 2539

Credit for Production From Advanced Nuclear Power Facilities.......................... 1545-BF19 2540

Procedures for Administrative Review of a Determination That an Authorized Recipient

1545-BF21

Has Failed To Safeguard Federal Tax Returns or Return Information..................... 2541

Subchapter S Banks.................................................................... 1545-BF24 2542

Revision of Regulations To Comply With Commissioner's e-File Program.................. 1545-BF25 2543

Debt Satisfied by a Partnership Interest.............................................. 1545-BF27 2544

Taxpayer Assistance Orders............................................................ 1545-BF33 2545

Accuracy-Related Penalties............................................................ 1545-BF40

Internal Revenue Service--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

2546

Income Tax--Definition of Qualified Possession Source Investment Income for Purposes

1545-AC10 of Puerto Rico and Possession Tax Credit.............................................. 2547

Information From Passport and Immigration Applicants.................................. 1545-AJ93 2548

Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch

1545-AM12

Remittances........................................................................... 2549

Earnings Stripping Payments........................................................... 1545-AO24 2550

Registration Required Obligations..................................................... 1545-AP33 2551

Mark-to-Market Upon Disposition....................................................... 1545-AS85 2552

Recomputation of Life Insurance Reserves.............................................. 1545-AU49 2553

Agreements for Payment of Tax Liabilities in Installments............................. 1545-AU97 2554

Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and

1545-AW06

Commodities........................................................................... 2555

Stocks and Securities Safe Harbor Exception........................................... 1545-AW13 2556

Intercompany Obligations.............................................................. 1545-AW30 2557

Source of Income From Certain Space and Ocean Activities and for Communications Income 1545-AW50 2558

Reporting of Payments to Attorneys.................................................... 1545-AW72

Page 23059

2559

Stock Transfer Rules--Carryover of Earnings and Taxes................................. 1545-AX65 2560

Allocation and Apportionment of Interest Expense and Certain Other Expenses........... 1545-AX72 2561

Capitalization of Interest and Carrying Charges Properly Allocable to Straddles....... 1545-AX92 2562

Authorized Placement Agency........................................................... 1545-AY18 2563

Guidance on Changes to the Laws for Corporate Estimated Taxes......................... 1545-AY22 2564

HIPAA General Nondiscrimination....................................................... 1545-AY32 2565

HIPAA Nondiscrimination Exception for Church Plans.................................... 1545-AY33 2566

HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs..................... 1545-AY34 2567

Allocation of Income and Deductions From Intangibles.................................. 1545-AY38 2568

Election--Asset Acquisitions of Insurance Companies................................... 1545-AY49 2569

Normalization......................................................................... 1545-AY75 2570

Transitional Relief for Qualified Intermediaries...................................... 1545-AY92 2571

Consolidated Returns; Nonapplicability of Section 357(c).............................. 1545-BA09 2572

Reductions of Accruals and Allocations Because of Increased Age....................... 1545-BA10 2573

Amendment to the Definition of Refunding.............................................. 1545-BA46 2574

Noncompensatory Partnership Options................................................... 1545-BA53 2575

Circular 230--Phase 2 Nonshelter Revisions............................................ 1545-BA72 2576

Redemptions Treated as Dividends...................................................... 1545-BA80 2577

Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens.................. 1545-BA86 2578

Allocation of Foreign Tax Credits Among Partners...................................... 1545-BB11 2579

Investigative Disclosures............................................................. 1545-BB16 2580

Toll Telephone Service--Definition.................................................... 1545-BB18 2581

Mixed Use Output Facilities........................................................... 1545-BB23 2582

Section 482: Methods To Determine Taxable Income in Connection With a Cost Sharing

1545-BB26

Arrangement........................................................................... 2583

Treatment of Services Under Section 482............................................... 1545-BB31 2584

Limitation on Use of Nonaccrual Experience Method of Accounting....................... 1545-BB43 2585

Special Depreciation Allowance........................................................ 1545-BB57 2586

Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under

1545-BB64

Section 403(b)........................................................................ 2587

Notional Principal Contracts; Contingent Nonperiodic Payments......................... 1545-BB82 2588

Predecessors or Successors Under Section 355(e)....................................... 1545-BB85 2589

Guidance Regarding Mark-to-Market Valuation for Certain Securities.................... 1545-BB90 2590

Partnership Equity for Services....................................................... 1545-BB92 2591

Accrual for Certain REMIC Regular Interests........................................... 1545-BB94 2592

Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and

1545-BB96

Opportunity for Hearing Upon Filing of Notice of Lien................................. 2593

Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before 1545-BB97

Levy.................................................................................. 2594

Entry of Taxable Fuel................................................................. 1545-BC08 2595

Guidance Necessary To Facilitate Business Electronic Filing........................... 1545-BC15 2596

Changes in Computing Depreciation..................................................... 1545-BC18 2597

Special Consolidated Return Rules for Interest Expense Disallowed Under Section

1545-BC23 265(a)(2)............................................................................. 2598

Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving 1545-BC24

Related Parties, Pass-Through Entities, or Other Intermediaries....................... 2599

Prohibited Allocation of Securities in an S Corporation............................... 1545-BC34 2600

Guidance on PFIC Purging Elections.................................................... 1545-BC37 2601

Qualified Severance Regulations....................................................... 1545-BC50 2602

Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash

1545-BC55 a Designated or Related Summons....................................................... 2603

Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions........ 1545-BC61 2604

Guidance Under Section 707 Regarding Disguised Sales.................................. 1545-BC63 2605

Section 1045 Application to Partnerships.............................................. 1545-BC67 2606

Collection After Assessment........................................................... 1545-BC72 2607

Exclusion of Employees of 501(c)(3) Organizations in 401(k) and 401(m) Plans.......... 1545-BC87 2608

Solid Waste Disposal Facilities....................................................... 1545-BD04 2609

Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue 1545-BD09

Code (Temporary)...................................................................... 2610

Dual Consolidated Loss Regulations.................................................... 1545-BD10 2611

Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind

1545-BD19

Property.............................................................................. 2612

Guidance on Phased Retirement......................................................... 1545-BD23 2613

Requirements for Reorganizations...................................................... 1545-BD31 2614

Coordination of United States and Certain Possessions Income Taxes (Temporary)........ 1545-BD32

Page 23060

2615

Underpayment for Qualified Amended Returns............................................ 1545-BD40 2616

Transfers of Restricted Stock (Temporary)............................................. 1545-BD45 2617

Treatment of Disregarded Entities Under Section 752................................... 1545-BD48 2618

Update of 415 Regulations............................................................. 1545-BD52 2619

Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons;

1545-BD54

Applicability of Section 381.......................................................... 2620

Manufacturer Incentive Payments in an Intercompany Transaction........................ 1545-BD55 2621

Asset Transfers Following Putative Reorganizations.................................... 1545-BD56 2622

Aggregate Computation; Allocation of Research Credit.................................. 1545-BD60 2623

Mandatory e-Filing for Forms 1120..................................................... 1545-BD65 2624

Use of Electronic Technologies for Providing Notices and Transmitting Elections and

1545-BD68

Consents.............................................................................. 2625

Section 704(b)(2) and Substantiality.................................................. 1545-BD70 2626

Special Rules To Reduce Section 1446 Withholding...................................... 1545-BD80 2627

Flat Rate Supplemental Wage Withholding............................................... 1545-BD96 2628

Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,

1545-BE02

Department of Commerce (Temporary).................................................... 2629

Dye Injection......................................................................... 1545-BE04 2630

Circular 230--Covered Opinion Amendments.............................................. 1545-BE13 2631

Withholding Exemptions................................................................ 1545-BE20 2632

Section 6011 Regulations (Temporary).................................................. 1545-BE25 2633

Section 6111 Regulations (Temporary).................................................. 1545-BE27 2634

Section 6112 Regulations (Temporary).................................................. 1545-BE29 2635

Income Attributable to Domestic Production Activities................................. 1545-BE33 2636

Guidance Under Subpart F Relating to Partnerships..................................... 1545-BE34 2637

Disregarded Entities and Collections.................................................. 1545-BE43 2638

Special Depreciation Allowance-Extended Placed-In-Service Date (Temporary)............ 1545-BE56 2639

Regulations Under Section 263A Regarding Use of Simplified Service Cost Method and

1545-BE57

Simplified Production Method.......................................................... 2640

Limitation on Transfer of Built-In Losses (Temporary)................................. 1545-BE59 2641

Assumption of Liabilities............................................................. 1545-BE67 2642

Dividends Paid Deduction for Stock Held in Employee Stock Ownership Plan.............. 1545-BE74 2643

Deferred Compensation (Proposed)...................................................... 1545-BE79 2644

REMIC Residuals--Foreign Holders (Temporary).......................................... 1545-BE81 2645

Railroad Track Maintenance Credit (Temporary)......................................... 1545-BE91 2646

Guidance Under Section 7874 for Determining Ownership by Former Shareholders or

1545-BE93

Partners of Domestic Entities......................................................... 2647

Capital Costs Incurred To Comply With EPA Sulfur Regulations (Temporary).............. 1545-BE97 2648

Designated Roth Accounts Under Section 402A........................................... 1545-BF04 2649

Election To Expense Certain Refineries (Temporary).................................... 1545-BF06 2650

Nuclear Decommissioning Costs (Temporary)............................................. 1545-BF09 2651

Charitable Contributions of Certain Motor Vehicles.................................... 1545-BF10 2652

Clean Renewable Energy Bonds (Temporary).............................................. 1545-BF12 2653

Credit for Production From Advanced Nuclear Power Facilities (Temporary).............. 1545-BF20 2654

Revision of Regulation To Comply With the Commissioner's e-File Program (Temporary)... 1545-BF26 2655

Charitable Contributions of Qualified Vehicles (Temporary)............................ 1545-BF29 2656

Intercompany Transactions; Manufacturer Incentive Payments............................ 1545-BF32 2657

Entertainment Expense Disallowance.................................................... 1545-BF34 2658

Section 3121(a)(5)(D) Regulation (Salary Reduction Agreement) (Temporary)............. 1545-BF35 2659

Amendment of Statutory Mergers and Consolidations..................................... 1545-BF36 2660

Depreciation of MACRS Property That Is Acquired in a Like-Kind Exchange or as a Result 1545-BF37 of an Involuntary Conversion..........................................................

Page 23061

Internal Revenue Service--Long-Term Actions

Regulation

Sequence

Title

Identifier

Number

2661

Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax

1545-AC09 and Civil Penalties for Failure To File............................................... 2662

FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other

1545-AI16

Special Rules for FSC................................................................. 2663

Foreign Corporations.................................................................. 1545-AK74 2664

Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign

1545-AK79

Investment in Real Property Tax Act................................................... 2665

Income of Foreign Governments and International Organizations......................... 1545-AL93 2666

Earnings and Profits of Controlled Foreign Corporations............................... 1545-AM90 2667

Caribbean Basin Investments........................................................... 1545-AM91 2668

Consolidated Alternative Minimum Tax.................................................. 1545-AN73 2669

Conforming Taxable Years of CFCs and FPHCs............................................ 1545-AO22 2670

Use of GAAP Earnings as E&P of Foreign Corporations................................... 1545-AQ55 2671

Interest-Free Adjustments............................................................. 1545-AQ61 2672

The Treatment of Accelerated Death Benefits........................................... 1545-AQ70 2673

Straddles---Miscellaneous Issues...................................................... 1545-AT46 2674

Allocation of Accrued Benefits Between Employer and Employee Contributions............ 1545-AT82 2675

Foreign Corporations Regulations...................................................... 1545-AT96 2676

Application of Grantor Trust Rules to Nonexempt Employees' Trusts..................... 1545-AU29 2677

Electronic Transmission of Withholding Certificates................................... 1545-AV27 2678

Transportation of Persons and Property by Air......................................... 1545-AW19 2679

Constructive Sales of Appreciated Financial Positions................................. 1545-AW97 2680

Definition of Accounting Method....................................................... 1545-AX21 2681

Modification to Section 367(a) Stock Transfer Regulations............................. 1545-AX77 2682

Special Rules for S Corporations...................................................... 1545-AY44 2683

Payments For Interest in Partnership.................................................. 1545-AY90 2684

Timely Mailing Treatment.............................................................. 1545-BA99 2685

Amendment to Section 6724 Relating to Failure To File Correct Information Returns..... 1545-BB41 2686

Notarization Requirement for Statements of Purchase................................... 1545-BC11 2687

Contingent at Closing Escrows......................................................... 1545-BC16 2688

Substitute for Return (SFR) and Automated Substitute for Return (ASFR)................ 1545-BC45 2689

Definition of Loss for Purposes of the Straddle Rules................................. 1545-BC83 2690

Transactions Involving the Transfer of No Net Equity Value............................ 1545-BC88 2691

Disclosures to Subcontractors......................................................... 1545-BC92 2692

Attained Age of the Insured........................................................... 1545-BD00 2693

HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction With FMLA.. 1545-BD51 2694

Return for Subchapter T Cooperatives.................................................. 1545-BD92 2695

Employer's Annual Federal Employment Tax Return--Form 944............................. 1545-BD93 2696

Return for Subchapter T Cooperatives (Temporary)...................................... 1545-BD98 2697

Application of Section 6404(g) Suspension Provisions.................................. 1545-BE07 2698

Disclosure of Return Information to the Bureau of the Census.......................... 1545-BE08 2699

Information Returns by Donees Relating to Qualified Intellectual Property

1545-BE11

Contributions......................................................................... 2700

Employer Comparable Contributions to Health Savings Accounts Under Section 4980G...... 1545-BE30 2701

Domestic Workers Regulation Update (Application of the Federal Insurance Contributions 1545-BE32

Act to Payments Made for Certain Services)............................................ 2702

Limitation on Transfer of Built-In Losses............................................. 1545-BE58 2703

Simplification of Extension Process Under Section 6081................................ 1545-BE62 2704

Converting an IRA Annuity to a Roth IRA............................................... 1545-BE65 2705

Abandonment of Stock and Other Securities............................................. 1545-BE80 2706

Foreign Currency Contract Defined..................................................... 1545-BE82 2707

Treatment of Excess Loss Accounts..................................................... 1545-BE87 2708

Application of Section 338 to Insurance Companies..................................... 1545-BF02 2709

Failure To Maintain List of Advisees With Respect to Reportable Transactions.......... 1545-BF38 2710

Failure To Maintain List of Advisees With Respect to Reportable Transactions.......... 1545-BF39 2711

Accuracy-Related Penalties............................................................ 1545-BF41

Page 23062

Internal Revenue Service--Completed Actions

Regulation

Sequence

Title

Identifier

Number

2712

Escrow Funds and Other Similar Funds.................................................. 1545-AR82 2713

Definition of Private Activity Bond--Refunding Regulations............................ 1545-AU98 2714

Highway Vehicle--Definition........................................................... 1545-AX10 2715

Normal Retirement Age for Pension Plans............................................... 1545-AY61 2716

Tax Treatment of Cafeteria Plans...................................................... 1545-AY67 2717

Mergers Involving Disregarded Entities................................................ 1545-BA06 2718

Provisions Regarding Cross-Border Transactions........................................ 1545-BA65 2719

Reporting Requirements for Widely Held Fixed Investment Trusts........................ 1545-BA83 2720

Collected Excise Taxes; Duties of Collector........................................... 1545-BB75 2721

Application of Nondiscrimination Cross-Testing Rules To Cash Balance Plans............ 1545-BB79 2722

Determination of Single-Sum Distributions From Cash Balance Plans..................... 1545-BB93 2723

Determination of Basis of Securities Received in Exchange or With Respect to a Stock

1545-BC05 or Securities in Certain Transactions................................................. 2724

Value of Life Insurance When Distributed From a Qualified Retirement Plan............. 1545-BC20 2725

Section 411(d)(6) Protected Benefits.................................................. 1545-BC26 2726

Guidance on PFIC Purging Elections.................................................... 1545-BC49 2727

Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items.... 1545-BC65 2728

Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated

1545-BC74

Group................................................................................. 2729

Determination of Residency in U.S. Possessions........................................ 1545-BC86 2730

Sickness or Accident Disability Payments.............................................. 1545-BC89 2731

Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated

1545-BC95

Group; Computation of Taxable Income When Section 108 Applies to a Member of a

Consolidated Group.................................................................... 2732

Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules..................... 1545-BD07 2733

Current Liability Interest Rate Under Section 412(b)(5)............................... 1545-BD13 2734

Current Liability Interest Rate Under Section 412(b)(5) (Temporary)................... 1545-BD14 2735

Stock Held by Foreign Insurance Companies............................................. 1545-BD27 2736

Guidance on PFIC Purging Elections (Temporary)........................................ 1545-BD33 2737

LIFO Recapture Under Section 1363(d).................................................. 1545-BD34 2738

Clarification of Definitions.......................................................... 1545-BD37 2739

Application of Section 367 in Cross Border Section 304 Transactions; Certain Transfers 1545-BD46 of Stock Involving Foreign Corporations............................................... 2740

Section 951 Pro Rata Rules............................................................ 1545-BD49 2741

Continuity of Interest/Stock Fluctuation.............................................. 1545-BD53 2742

Disabled Access Credit................................................................ 1545-BD69 2743

Guidance Under Section 6501(c)(1) Regulations......................................... 1545-BD73 2744

Guidance Under Section 368 Regarding Mergers With and Into a Foreign Corporation...... 1545-BD76 2745

Classification of Certain Foreign Entities............................................ 1545-BD77 2746

Classification of Certain Foreign Entities (Temporary)................................ 1545-BD78 2747

Section 1374 Effective Dates.......................................................... 1545-BD95 2748

Disclosure of Relative Values of Optional Forms of Benefit............................ 1545-BD97 2749

Employer's Annual Federal Employment Tax Return--Form 944 (Temporary)................. 1545-BE00 2750

Designated Roth Contributions Under Cash or Deferred Arrangements Under Section 401(k) 1545-BE05 2751

Disclosure of Return Information to the Department of Agriculture..................... 1545-BE15 2752

Exclusions From Gross Income of Foreign Corporations.................................. 1545-BE16 2753

Balanced System for Measuring Organizational and Employee Performance Within the

1545-BE46

Internal Revenue Service (Temporary).................................................. 2754

Modifications to the De Minimis Deposit Rule Under Section 6302....................... 1545-BE48 2755

Modification to the De Minimis Deposit Rule Under Section 6302 (Temporary)............ 1545-BE49 2756

Low-Income Housing Credit Allocation and Certification; Revisions..................... 1545-BE50 2757

Application of the Federal Insurance Contributions Act, Federal Unemployment Tax Act,

1545-BE60 and Collection of Income Tax at Source to Statutory Stock Options..................... 2758

Simplification of Extension Process Under Section 6081 (Temporary).................... 1545-BE63 2759

Converting an IRA Annuity to a Roth IRA (Temporary)................................... 1545-BE66 2760

Qualified Severance of a Trust for Generation-Skipping Transfer (GST) Tax Purposes II. 1545-BE70 2761

Special Rule Regarding Certain Section 951 Pro Rata Share Allocations................. 1545-BE71 2762

Guidance Under Section 7874 for Determining Ownership by Former Shareholders or

1545-BE94

Partners of Domestic Entities (Temporary)............................................. 2763

Cafeteria Plans (Temporary)........................................................... 1545-BF01 2764

Guidance Under Subpart F Relating to Partnerships (Temporary)......................... 1545-BF15

Page 23063

2765

Information Reporting Relating to Taxable Stock Transactions.......................... 1545-BF18 2766

Procedures for Administrative Review of a Determination That an Authorized Recipient

1545-BF22 has Failed to Safeguard Federal Tax Returns or Return Information (Temporary)......... 2767

Allocation and Apportionment of Expenses; Alternative Method for Determining Tax Book

1545-BF23

Value of Assets....................................................................... 2768

Agent of the Group Issues Under Section 7874.......................................... 1545-BF30 2769

Agent of the Group Issues Under Section 7874 (Temporary).............................. 1545-BF31

Office of Thrift Supervision--Prerule Stage

Regulation

Sequence

Title

Identifier

Number

2770

Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer

1550-AC01

Reporting Agencies Under Section 312 of the Fair and Accurate Credit Transactions Act.

Office of Thrift Supervision--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

2771

Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord............. 1550-AB56 2772

12 CFR 506 Securities-Related Activities of Savings Associations...................... 1550-AB92 2773

Identity Theft Detection, Prevention, and Mitigation Program for Financial

1550-AB94

Institutions and Creditors............................................................ 2774

Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Maintenance: Domestic

1550-AB98

Capital Modifications................................................................. 2775

12 CFR 544 Federal Savings Association Bylaws; Integrity of Directors................. 1550-AC00 2776

Risk Based Capital--Market Risk Rule.................................................. 1550-AC02

Office of Thrift Supervision--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

2777

Fair Credit Reporting Affiliate Marketing Regulations................................. 1550-AB90 2778

Supplemental Standards of Ethical Conduct for Employees of the Department of Treasury. 1550-AC03

Office of Thrift Supervision--Long-Term Actions

Regulation

Sequence

Title

Identifier

Number

2779

12 CFR 563e Community Reinvestment Act................................................ 1550-AB48

Office of Thrift Supervision--Completed Actions

Regulation

Sequence

Title

Identifier

Number

2780

Fair Credit Reporting Medical Information Regulations................................. 1550-AB88 2781

Special Rules for Adjudicatory Proceedings for Certain Holding Companies.............. 1550-AB96 2782

12 CFR 507 One-Year Post-Employment Restrictions for Senior Examiners................. 1550-AB99

Page 23064

Department of the Treasury (TREAS)

Proposed Rule Stage

Departmental Offices (DO)

TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL SHARE OF

COMPENSATION FOR INSURED LOSSES

Priority: Other Significant

Legal Authority: 5 USC 301; Terrorism Risk Insurance Act of 2002, Title

I, PL 107-297, 116 Stat. 2322; Terrorism Risk Insurance Extension Act of 2005, PL 109-144, 119 Stat. 2660

CFR Citation: 31 CFR 50

Legal Deadline: None

Abstract: As the statutorily authorized administrator of the Terrorism

Risk Insurance Program, Treasury is issuing proposed and final regulations to implement the Program. Under the Terrorism Risk

Insurance Act of 2002, title I, Public Law 107-297, and the Terrorism

Risk Insurance Extension Act of 2005, Public Law 109-144, the Federal

Government shares the risk of insured losses from certified acts of terrorism with commercial property and casualty insurers until the

Program sunsets on December 31, 2007. This rule incorporates and clarifies statutory requirements for the recoupment of the Federal share of compensation for insured losses. The rule establishes requirements for determining amounts to be recouped and for procedures insurers are to use for collecting terrorism policy surcharges and remitting them to the Treasury.

Timetable:

Action

Date

FR Cite

NPRM

07/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Howard Leikin, Deputy Director, Department of the

Treasury, Office of Financial Institutions, Terrorism Risk Insurance

Program, 1425 New York Avenue NW., Washington, DC 20220

Phone: 202 622-6770

Email: howard.leikin@do.treas.gov

David J. Brummond, Legal Counsel, Department of the Treasury, Terrorism

Risk Insurance Program, Room 2112, 1425 New York Ave. N.W., Washington,

DC 20220

Phone: 202 622-7255

Email: david.brummond@do.treas.gov

RIN: 1505-AB10
REMOTE LOCATION FILING

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1484; 19 USC 1624; 19

USC 1641

CFR Citation: 19 CFR 111; 19 CFR 113; 19 CFR 141; 19 CFR 143

Legal Deadline: None

Abstract: Amendment to allow entry filers to electronically file entries of merchandise with the Bureau of Customs and Border Protection from locations within the United States other than at the port of arrival of the merchandise or the location of examination of the merchandise.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC23

Agency Contact: Marla Bianchetta, Operations Officer, Department of the

Treasury, Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue, NW., Washington, DC 20229

Phone: 202 344-2693

RIN: 1505-AB20
UNIFORM RULES OF ORIGIN

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624

CFR Citation: 19 CFR 102

Legal Deadline: None

Abstract: Amendment to set forth uniform rules for determining the country of origin of imported goods.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Daniel Cornette, Attorney, Valuation and Special

Programs Branch, Department of the Treasury, Office of Regulations and

Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8731

RIN: 1505-AB49
REVISION OF OUTBOUND REDELIVERY PROCEDURES AND LIABILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1623; 19 USC 1624

CFR Citation: 19 CFR 113

Legal Deadline: None

Abstract: Amendment of the condition in an international carrier bond regarding the unlawful disposition of merchandise in order to allow CBP to better control the exportation of merchandise and to have more control over demands for redelivery. Conditions of the bond would be amended to no longer require the merchandise to be labeled as seized and detained for the principal to be required to obtain permission from

CBP prior to placing the merchandise on board a conveyance for export or otherwise disposing of the merchandise. Instead of the condition being applicable when CBP labels merchandise, the condition would be applicable when CBP notifies the principal either in writing or electronically that the merchandise has been seized or detained.

Timetable:

Action

Date

FR Cite

NPRM

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Shoupe, Operations Officer, Department of the

Treasury, Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW, Washington, DC 20229

Phone: 202 344-3251

RIN: 1505-AB52

Page 23065
CENTRALIZATION OF THE CONTINUOUS BOND PROGRAM AT THE CBP NATIONAL

FINANCE CENTER

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 19 USC 1623

CFR Citation: 19 CFR 101; 19 CFR 113

Legal Deadline: None

Abstract: Amendment to reflect CBP's planned centralization of the continuous bond program at the National Finance Center (NFC). Pursuant to this centralization, all continuous bonds would be filed at the NFC via mail, fax, or in an electronic format. The NFC would assume most of the bond functions previously performed at the port level, with the noted exception that the authority to approve single transaction bonds will remain with port directors. These changes would support CBP's bond program by ensuring an efficient and uniform approach to the approval, maintenance, and periodic review of continuous bonds.

Timetable:

Action

Date

FR Cite

NPRM

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bruce Ingalls, Chief, Debt Management Branch,

Department of the Treasury, Office of Finance, 6650 Telecom Drive,

Suite 100, Indianapolis, IN 46278

Phone: 317 298-1307

RIN: 1505-AB54
NAFTA: POST-ENTRY CLAIMS AND MERCHANDISE PROCESSING FEE EXEMPTION

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 3314

CFR Citation: 19 CFR 181

Legal Deadline: None

Abstract: Currently, CBP regulations do not limit the time that an importer has to file a post-entry claim for tariff preference level

(TPL) treatment under the North American Free Trade Agreement (NAFTA)

Implementation Act. This amendment would limit the filing of post-entry

TPL claims to 1 year, the same amount of time allowed for post-entry claims for NAFTA ``originating merchandise.'' This amendment also clarifies that for an importer to claim the exemption of the merchandise processing fee for goods that meet a NAFTA rule of origin even when the goods are unconditionally free, the importer is subject to the same declaration requirement that is established for claiming

NAFTA duty preference. Lastly, the amendment clarifies that a

Certificate of Origin is not required for a commercial importation for which the total value of originating goods does not exceed $2,500.

Timetable:

Action

Date

FR Cite

NPRM

09/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Seth Mazze, CBP Officer, Office of Field Operations,

Department of the Treasury, Customs and Border Protection, Office of

Field Operations, 1300 Pennsylvania Avenue, NW, Washington, DC 20229

Phone: 202 344-2634

RIN: 1505-AB58
FEES FOR CERTAIN SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58c; 19 USC 66; 19 USC 1202; . . .

CFR Citation: 19 CFR 24

Legal Deadline: None

Abstract: Amendment revises the fees charged for certain customs inspectional services under 13031 of the Consolidated Omnibus Budget

Reconciliation Act of 1985, as amended. Amendments are necessary to reflect recent changes in the pertinent statutory provisions.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jerry Petty, Director, Cost Management Division,

Department of the Treasury, Office of Finance, Customs and Border

Protection, 1300 Pennsylvania Avenue NW, Washington, DC 20229

Phone: 202 344-1317

RIN: 1505-AB62
ADMINISTRATIVE RULINGS AND PROTESTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202 (General Note 3(i),

Harmonized Tariff Schedule of the United States); 19 USC 1502; 19 USC 1624; 19 USC 1625; 19 USC 1514; 19 USC 1515; 19 USC 1448; 19 USC 1484; 19 USC 1501; 19 USC 1520; . . .

CFR Citation: 19 CFR 177; 19 CFR 174; 19 CFR 173; 19 CFR 142

Legal Deadline: None

Abstract: Amendments to implement the administrative rulings process as well as the filing and administrative review of protests against specific decisions of Customs and Border Protection (CBP). Amendments reflect changes to the underlying statutory authority to parts 177 and 174 of title 19 of the CFR made by the Customs Modernization Provisions of the North American Free Trade Agreement (``NAFTA'') Implementation

Act. Proposed changes to part 174 also reflect statutory amendments made by the Miscellaneous Trade and Technical Corrections Act of 1999 regarding protests against decisions on post-importation NAFTA claims and the time required for allowing or denying an application for further review of a protest. Additional changes to part 174 are proposed to reflect statutory amendments made by the Miscellaneous

Trade and Technical Corrections Act of 2004 which impact the types of matters that are subject to protest, and extend various protest time limits such as the time to file and amend a protest, the time for a surety to file a protest, and the time to file a request for accelerated disposition of a protest. Other changes proposed serve to modernize, clarify, and enhance current CBP administrative rulings and protest procedures and reflect the nomenclature changes effected by the transfer of CBP to the Department of Homeland Security and the subsequent renaming of the U.S. Customs Service as the Bureau of

Customs and Border Protection.

Page 23066

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William G. Rosoff, Chief, Entry Process and Duty Refund

Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8807

Gail Hamill, Chief, Tariff Classification and Marking Branch,

Department of the Treasury, Office of Regulations and Rulings, 1300

Pennsylvania Ave, NW., Washington, DC 20229

Phone: 202 572-8810

RIN: 1505-AB65
TERRORISM RISK INSURANCE PROGRAM; TRIA

EXTENSION ACT IMPLEMENTATION

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; Terrorism Risk Insurance Act of 2002, Title

I, PL 107-297, 116 Stat 2322; Terrorism Risk Insurance Extension Act of 2005, PL 109-144, 119 Stat 2660

CFR Citation: 31 CFR Part 50

Legal Deadline: None

Abstract: The Department of Treasury is issuing this proposed rule as part of its implementation of amendments made to title I of the

Terrorism Risk Insurance Act of 2002 (TRIA or Act) by the Terrorism

Risk Insurance Extension Act of 2005 (Extension Act). This proposed rule proposes to adopt by cross reference the text of Treasury's interim final rule (RIN 1505-AB66) addressing changes to the definition of property and casualty insurance, requirements for satisfying the

Act's mandatory availability provision and the operation of the new

``Program Trigger'' limitation for paying federal compensation.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David J. Brummond, Legal Counsel, Department of the

Treasury, Terrorism Risk Insurance Program, Room 2112, 1425 New York

Ave. N.W., Washington, DC 20220

Phone: 202 622-7255

Email: david.brummond@do.treas.gov

Howard Leikin, Deputy Director, Department of the Treasury, Office of

Financial Institutions, Terrorism Risk Insurance Program, 1425 New York

Avenue NW., Washington, DC 20220

Phone: 202 622-6770

Email: howard.leikin@do.treas.gov

Related RIN: Duplicate of 1505-AB66

RIN: 1505-AB67
ENTRY OF CERTAIN CEMENT PRODUCTS FROM MEXICO

REQUIRING A COMMERCE DEPARTMENT IMPORT LICENSE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1673

CFR Citation: 19 CFR 12.155; 19 CFR 306.201 to 205

Legal Deadline: None

Abstract: This document proposes to amend title 19 of the Code of

Federal Regulations to set forth special requirements for the entry of certain cement products from Mexico requiring a United States

Department of Commerce import license. The cement products in question are those listed in the Agreement Between the Office of the United

States Trade Representative, the United States Department of Commerce, and Mexico's Secretaria de Economia on Trade in Cement, dated March 6, 2006. The changes proposed in this document require the inclusion of an import license number on the entry summary documentation filed with

Customs and Border Protection for any cement product for which the

United States Department of Commerce requires under its cement licensing and import monitoring program as well as a valid Mexican export license with the entry documentation for cement covered by the

Agreement on Trade in Cement.

Timetable:

Action

Date

FR Cite

NPRM

04/06/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

URL For More Information: www.ia.ita.doc.gov/download/mexico-cement/cement-final-agreement.pdf

Agency Contact: Alice Buchanan, Office of Field Operations, Department of the Treasury, 1301 Constitution Avenue NW., Washington, DC 20229

Phone: 202 344-2697

RIN: 1505-AB68

Department of the Treasury (TREAS)

Final Rule Stage

Departmental Offices (DO)
REPORTING AND PROCEDURES REGULATIONS; CUBAN ASSETS CONTROL

REGULATIONS: PUBLICATION OF ECONOMIC SANCTIONS ENFORCEMENT GUIDELINES

Priority: Substantive, Nonsignificant

Legal Authority: 21 USC 1901 to 1908; 22 USC 287c; 31 USC 321(b); 50

USC 1701 to 1706; 50 USC app 1-44

CFR Citation: 31 CFR 501; 31 CFR 515

Legal Deadline: None

Abstract: The Office of Foreign Assets Control (OFAC) of the U.S.

Department of the Treasury is publishing for public comment an updated version of its internal Economic Sanctions Enforcement Guidelines.

These Guidelines are being published as separate appendices to two parts of the Code of Federal Regulations: 1) General provisions are being published as an appendix to the Reporting and Procedures

Regulations, 31 CFR part 501; and 2) specific provisions focusing on

Cuba are being published as an appendix to the Cuban Assets Control

Regulations, 31 CFR part 515. To the extent this proposed rule applied to ``banking institutions,'' it is superceded by the interim final rule, `Economic Sanctions Enforcement Procedures for

Page 23067

Banking Institutions,' issued by OFAC on January 11, 2006 (71 FR 1971).

Timetable:

Action

Date

FR Cite

NPRM

01/29/03

68 FR 4422

NPRM Comment Period End

03/31/03

Final Action

01/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Chief Of Records, Department of the Treasury, Office of

Foreign Assets Control, 1500 Pensylvania Avenue NW., Washington, DC 20220

Phone: 202 622-2530

Fax: 202 622-1657

Related RIN: Related to 1505-AB69

RIN: 1505-AA95
COUNTRY-OF-ORIGIN MARKING

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19 USC 1624

CFR Citation: 19 CFR 134

Legal Deadline: None

Abstract: Amendments clarify the country-of-origin marking rules set forth in part 134 of the Bureau of Customs and Border Protection

Regulations. Amendments promote the concept of informed compliance by the trade and proper field administration of the statutory requirement.

Timetable:

Action

Date

FR Cite

NPRM

01/26/00

65 FR 4193

NPRM Comment Period End

04/26/00

65 FR 17473

Final Action

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC32

Agency Contact: Gail Hamill, Chief, Tariff Classification and Marking

Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Ave, NW., Washington, DC 20229

Phone: 202 572-8810

RIN: 1505-AB21
EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 197 to 19 USC 198; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 19 USC 1450; 19 USC 1624; 31 USC 9701

CFR Citation: 19 CFR 24

Legal Deadline: None

Abstract: Amendment to expand the number of ways that the Bureau of

Customs and Border Protection will accept payment of duties, taxes, fees, interest, and other charges. Currently, the regulations allow for credit or charge cards, which have been authorized by the Commissioner of the Bureau of Customs and Border Protection (Commissioner), to be used at designated customs-serviced locations with a limitation that this method of payment may only be used by noncommercial entities.

Amendment allows credit and charge cards authorized by the Commissioner of CBP to be used for payment of duties, taxes, fees, interest, and other charges not related to formal consumption entries for consumption in United States commerce, warehouse withdrawals or quarterly user fees and by removing the limitation that these methods of payment may only be used for noncommercial entries.

Timetable:

Action

Date

FR Cite

NPRM

03/17/99

64 FR 13141

NPRM Comment Period End

05/17/99

Final Action

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC40

Agency Contact: Linda Lloyd, Financial Officer, Financial Policy

Division, Department of the Treasury, 1300 Pennsylvania Avenue NW.,

Washington, DC 20229

Phone: 202 344-1565

RIN: 1505-AB22
USER AND NAVIGATION FEES; OTHER REIMBURSABLE CHARGES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 19 USC 1431; 19 USC 1433; 19 USC 1434; 19 USC 1505; 19 USC 1624; 31 USC 9701; 46 USC 2110 to 2112

CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 101

Legal Deadline: None

Abstract: Amendment regarding the proper assessment of user and navigation fees, as well as other reimbursement charges for customs services performed in connection with, among other things, the processing of vehicles, vessels, aircraft, and merchandise arriving in the United States. The purpose of the amendment is to conform the regulations with the intent of the customs user fee statute and to reflect existing operational policy and administrative practice in this area.

Timetable:

Action

Date

FR Cite

NPRM

05/01/01

66 FR 21705

NPRM Comment Period End

07/02/01

Final Action

09/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC63

Agency Contact: Peter Flores, Department of the Treasury, Office of

Field Operations, 1300 Pennsylvania Avenue, NW, Washington, DC 20229

Phone: 202 344-3127

RIN: 1505-AB24
AFRICAN GROWTH AND OPPORTUNITY ACT AND GENERALIZED SYSTEM OF

PREFERENCES

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19

USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2461; 19 USC 3314; 19 USC 3721

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200.

Abstract: Amendments to implement the trade benefit provisions for sub-

Saharan Africa contained in title I of the Trade and Development Act of 2000. The trade benefits under title I, also referred to as the African

Growth and Opportunity Act, apply to sub-

Page 23068

Saharan African countries designated by the President and involve the extension of duty-free treatment under the Generalized System of

Preferences (GSP) to nonimport-sensitive, nontextile articles normally excluded from GSP duty-free treatment, and the entry of specific textile and apparel articles free of duty and free of any quantitative limits.

Timetable:

Action

Date

FR Cite

Interim Final Rule

10/05/00

65 FR 59668

Interim Final Rule Effective 10/01/00

Interim Final Rule Comment

Period End

12/04/00

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC72

Agency Contact: Cynthia Reese, Senior Attorney, Department of the

Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue

NW., Washington, DC 20229

Phone: 202 572-8810

RIN: 1505-AB26
UNITED STATES-CARIBBEAN BASIN TRADE PARTNERSHIP ACT AND CARIBBEAN

BASIN INITIATIVE

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19

USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2701; 19 USC 3314

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200.

Abstract: Amendments to implement the trade benefit provisions for

Caribbean Basin countries contained in title II of the Trade and

Development Act of 2000. The trade benefits under title II, also referred to as the United States-Caribbean Basin Trade Partnership Act

(the CBTPA), apply to Caribbean Basin countries designated by the

President and involve the entry of specific textile and apparel articles free of duty and free of any quantitative restrictions, limitations, or consultation levels and the extension of NAFTA duty treatment standards to nontextile articles that are excluded from duty- free treatment under the Caribbean Basin Initiative program.

Timetable:

Action

Date

FR Cite

Interim Final Rule Effective 10/01/00

65 FR 59650

Interim Final Rule

10/05/00

65 FR 59650

Interim Final Rule Comment

Period End

12/04/00

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC76

Agency Contact: Cynthia Reese, Senior Attorney, Department of the

Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue

NW., Washington, DC 20229

Phone: 202 572-8790

RIN: 1505-AB28
REIMBURSABLE CUSTOMS INSPECTIONAL SERVICES--INCREASE IN HOURLY

RATE CHARGE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 6103; 19 USC 58a to 58c; 19 USC 66; 19 USC 261; 19 USC 267; 19 USC 1202; 19 USC 1450 to 1452; 19 USC 1456; 19 USC 1505; 19 USC 1557; 19 USC 1562; 19 USC 1624; 26 USC 4461; 26 USC 4462; 31 USC 9701; 46 USC 2110 to 2112

CFR Citation: 19 CFR 24; 19 CFR 101

Legal Deadline: None

Abstract: Amendment to increase the rate of charge for reimbursable customs inspectional services.

Timetable:

Action

Date

FR Cite

NPRM

02/01/01

66 FR 8554

NPRM Comment Period End

04/02/01

Second NPRM

10/09/02

67 FR 62920

Second NPRM Comment Period End 12/09/02

Final Action

09/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC77

Agency Contact: Bruce Ingalls, Chief, Debt Management Branch,

Department of the Treasury, Office of Finance, 6650 Telecom Drive,

Suite 100, Indianapolis, IN 46278

Phone: 317 298-1307

RIN: 1505-AB29
DOG AND CAT PROTECTION ACT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1308; 19 USC 1592; 19

USC 1593a; 19 USC 1624

CFR Citation: 19 CFR 12; 19 CFR 113; 19 CFR 151; 19 CFR 162

Legal Deadline: Final, Statutory, August 9, 2001, Public Law 106-476.

Abstract: Amendment to implement certain provisions of the Dog and Cat

Protection Act of 2000. The Dog and Cat Protection Act of 2000 prohibits the importation of any products containing dog or cat fur, and provides for civil and criminal penalties for violations of the

Act. Amendment sets forth the prohibitions on dog and cat fur importations and the penalties for violations. Amendment also implements the provision of the Act pertaining to CBP's certification process of commercial laboratories, both domestic and foreign, that can determine if articles intended to be imported into the United States contain dog or cat fur.

Timetable:

Action

Date

FR Cite

NPRM

08/10/01

66 FR 42163

NPRM Comment Period End

10/09/01

Final Action

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC87

Agency Contact: Alan Cohen, Attorney-Advisor, Penalties Branch,

Department of the Treasury, Office of Regulations and Rulings, 1300

Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8742

Luan Cotter, Operations Officer, Department of the Treasury, Office of

Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Page 23069

Phone: 202 344-2874

Renee Stevens, Science Officer, Department of the Treasury, Office of

Laboratories and Scientific Services, 1300 Pennsylvania Avenue NW.,

Washington, DC 20229

Phone: 703 621-7714

Jeremy Baskin, Special Assistant, Office of the Assistant Commisisoner,

Department of the Treasury, Office of Regulations and Rulings, 1300

Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8753

RIN: 1505-AB31
SINGLE ENTRY FOR UNASSEMBLED OR DISASSEMBLED ENTITIES IMPORTED ON

MULTIPLE CONVEYANCES

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624

CFR Citation: 19 CFR 141; 19 CFR 142

Legal Deadline: Final, Statutory, May 9, 2001, Public Law 106-476.

Abstract: Amendment to allow an importer of record, under certain conditions, to submit a single entry to cover multiple portions of a single entity which, due to its size or nature, arrives in the United

States on separate conveyances. Amendment implements statutory changes made to the merchandise entry laws by the Tariff Suspension and Trade

Act of 2000.

Timetable:

Action

Date

FR Cite

NPRM

04/08/02

67 FR 16664

NPRM Comment Period End

06/07/02

Final Action

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC94

Agency Contact: Timothy Sushil, Operations Officer, Department of the

Treasury, Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue, NW., Washington, DC 20229

Phone: 202 344-2567

RIN: 1505-AB34
IMPLEMENTATION OF THE ANDEAN TRADE PROMOTION AND DRUG ERADICATION

ACT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19

USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 3203; 19 USC 3314

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: None

Abstract: Amendment to implement the trade benefit provisions for

Andean countries contained in title XXXI of the Trade Act of 2002. The trade benefits under title XXXI, also referred to as the Andean Trade

Promotion and Drug Eradication Act (the ATPDEA), apply to Andean countries specifically designated by the President for ATPDEA purposes.

The ATPDEA trade benefits involve the entry of specific apparel and other textile articles free of duty and free of any quantitative restrictions, limitations, or consultation levels, the extension of duty-free treatment to specified nontextile articles normally excluded from duty-free treatment under the Andean Trade Preference Act (ATPA) program if the President finds those articles to be not import- sensitive in the context of the ATPDEA, and the entry of certain imports of tuna free of duty and free of any quantitative restrictions.

Timetable:

Action

Date

FR Cite

Interim Final Rule

03/25/03

68 FR 14478

Interim Final Rule Effective 03/25/03

Interim Final Rule Comment

Period End

05/27/03

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD19

Agency Contact: Cynthia Reese, Senior Attorney, Department of the

Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue

NW., Washington, DC 20229

Phone: 202 572-8790

Robert Abels, Operations Officer, Department of the Treasury, Office of

Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 344-1959

RIN: 1505-AB37
TRADE BENEFITS UNDER THE AFRICAN GROWTH AND OPPORTUNITY ACT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19

USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 3721; 19 USC 3314

CFR Citation: 19 CFR 10

Legal Deadline: None

Abstract: Amendment to those provisions of the Customs and Border

Protection Regulations that implement the trade benefit provisions for sub-Saharan African countries contained in the African Growth and

Opportunity Act (the AGOA). Amendments involve the textile and apparel provisions of the AGOA and in part reflect changes to those statutory provisions by section 3108 of the Trade Act of 2002. The specific statutory changes involve the amendment of several provisions to clarify the status of apparel articles assembled from knit-to-shape components, the inclusion of a specific reference to apparel articles formed on seamless knitting machines, a change of the wool fiber diameter specified in one provision, and the addition of a new provision to cover additional production scenarios involving the United

States and AGOA beneficiary countries.

Timetable:

Action

Date

FR Cite

Interim Final Rule

03/21/03

68 FR 13820

Interim Final Rule Effective 03/21/03

Interim Final Rule Comment

Period End

05/20/03

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD20

Agency Contact: Robert Abels, Operations Officer, Department of the

Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,

Washington, DC 20229

Phone: 202 344-1959

Page 23070

Cynthia Reese, Senior Attorney, Department of the Treasury, Office of

Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8790

RIN: 1505-AB38
FEES FOR CUSTOMS PROCESSING AT EXPRESS COURIER FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 19 USC 1505; 19 USC 261; 19 USC 267; 19 USC 1450 to 1452; 19 USC 1456; 19 USC 1524; 19 USC 1557; 19 USC 1562; 19 USC 1624; 26 USC 4461; 26 USC 4462; 19 USC 3332; 46 USC 2110 to 2112

CFR Citation: 19 CFR 24; 19 CFR 113; 19 CFR 128

Legal Deadline: None

Abstract: Amendment to implement amendments to the customs user fee statute made by section 337 of the Trade Act of 2002 and section 2004(f) of the Miscellaneous Trade and Technical Corrections Act of 2004. Statutory amendments concern the fees payable for customs services provided in connection with the informal entry or release of shipments at express consignment carrier facilities and centralized hub facilities. Section 2004(f) amends the user fee statute to authorize, for merchandise that is formally entered at these sites, the reimbursement of merchandise processing fees provided for in 19 U.S.C. 58c(a)(9) in addition to the existing reimbursement of $.66 per individual airway bill or bill of lading. The effect of the statutory amendments is to replace the annual lump sum payment procedure with a quarterly payment procedure based on a specific fee for each individual airway bill or bill of lading.

Timetable:

Action

Date

FR Cite

Interim Final Rule

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD21

Agency Contact: Michael L. Jackson, Operations Officer, Department of the Treasury, Customs and Border Protection, Office of Field

Operations, 1300 Pennsylvania Avenue NW, Washington, DC 20229

Phone: 202 344-1196

RIN: 1505-AB39
TRADE BENEFITS UNDER THE CARIBBEAN BASIN ECONOMIC RECOVERY ACT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19

USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2701; 19 USC 3314

CFR Citation: 19 CFR 10

Legal Deadline: None

Abstract: Amendment to implement the trade benefits for Caribbean Basin countries contained in section 213(b) of the Caribbean Basin Economic

Recovery Act (the CBERA). Amendments involve the textile and apparel provisions of section 213(b) and in part reflect changes made to those statutory provisions by section 3107 of the Trade Act of 2002. The specific statutory changes involve the amendment of several provisions to clarify the status of apparel articles assembled from knit-to-shape components, the addition of language requiring any dyeing, printing, and finishing of certain fabrics to be done in the United States, the inclusion of exception language in the brassieres provision regarding articles entered under other CBERA apparel provisions, the addition of a provision permitting the dyeing, printing, and finishing of thread in the Caribbean region, and the addition of a new provision to cover additional production scenarios involving the United States and the

Caribbean region.

Timetable:

Action

Date

FR Cite

Interim Final Rule

03/21/03

68 FR 13827

Interim Final Rule Effective 03/21/03

Interim Final Rule Comment

Period End

05/20/03

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD22

Agency Contact: Robert Abels, Operations Officer, Department of the

Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,

Washington, DC 20229

Phone: 202 344-1959

Cynthia Reese, Senior Attorney, Department of the Treasury, Office of

Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8790

RIN: 1505-AB40
UNITED STATES--CHILE FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 3805 note; 19 USC 1202; 19 USC 66; 19 USC 1624;

. . .

CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . .

Legal Deadline: Final, Statutory, January 1, 2005, United States-Chile

Free Trade Agreement Implementation Act.

Abstract: Amendment to implement the preferential tariff treatment and other customs-related provisions of the Free Trade Agreement entered into by the United States and the Republic of Chile.

Timetable:

Action

Date

FR Cite

Interim Final Rule

03/07/05

70 FR 10868

Interim Final Rule Comment

Period End

06/06/05

Final Action

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of the

Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,

Washington, DC 20229

Phone: 202 344-1959

RIN: 1505-AB47
UNITED STATES--SINGAPORE FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 3805 note; 19 USC 1202; 19 USC 66; 19 USC 1624;

. . .

Page 23071

CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . .

Legal Deadline: Final, Statutory, January 1, 2005, U.S.-Singapore Free

Trade Agreement Implementation Act.

Abstract: Amendment to implement the preferential tariff treatment and other customs-related provisions of the Free Trade Agreement entered into by the United States and the Republic of Singapore.

Timetable:

Action

Date

FR Cite

Interim Final Rule

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of the

Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,

Washington, DC 20229

Phone: 202 344-1959

RIN: 1505-AB48
RECORDATION OF COPYRIGHTS AND ENFORCEMENT PROCEDURES TO PREVENT

IMPORTATION OF PIRATICAL ARTICLES

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1124; 15 USC 1125; 17 USC 101; 17 USC 106; 17

USC 501; 19 USC 66; 19 USC 1499; 19 USC 1595a; 17 USC 1201(b); 18 USC 2319A; . . .

CFR Citation: 19 CFR 133

Legal Deadline: None

Abstract: This amendment will allow CBP to be more responsive to claims of piracy. Amendment would allow sound recordings and motion pictures or similar audio-visual works to be recorded with CBP while pending registration with the U.S. Copyright Office. Amendment would also enhance the protection of all non-U.S. works by allowing recordation without requiring registration with the U.S. Copyright Office.

Amendment would also set forth changes to CBP's enforcement procedures, including, among other things, enhanced disclosure provisions, protection for live musical performances and provisions to enforce the

Digital Millennium Copyright Act.

Timetable:

Action

Date

FR Cite

NPRM

10/05/04

69 FR 59562

NPRM Comment Period End

11/04/04

Final Action

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Paul Pizzeck, Attorney, IPR & Restricted Merchandise

Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8710

George F. McCray, Chief, IPR & Restricted Merchandise Branch,

Department of the Treasury, Office of Regulations and Rulings, 1300

Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8709

RIN: 1505-AB51
CONDITIONAL RELEASE PERIOD AND CUSTOMS BOND OBLIGATIONS FOR FOOD,

DRUGS, DEVICES, AND COSMETICS (SECTION 610 REVIEW)

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1448; 19 USC 1484; 19

USC 1499; 19 USC 1623; 19 USC 1624; 21 USC 381

CFR Citation: 19 CFR 141; 19 CFR 151

Legal Deadline: None

Abstract: Amendment to provide for a specific conditional release period for any food, drug, device, or cosmetic that has been released under bond and for which admissibility is to be determined under the provisions of the Food, Drug, and Cosmetic Act. Amendment also clarifies the amount of liquidated damages that may be assessed when there is a breach of the terms and conditions of the customs bond.

Lastly, amendment authorizes any representative of the Food and Drug

Administration to obtain a sample of any food, drug, device, or cosmetic, the importation of which is governed by section 801 of the

Food, Drug, and Cosmetic Act, as amended.

Timetable:

Action

Date

FR Cite

NPRM

06/07/02

67 FR 39322

NPRM Comment Period End

08/06/02

Final Action

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD05; 1651-AA39.

Agency Contact: Jeremy Baskin, Special Assistant, Office of the

Assistant Commisisoner, Department of the Treasury, Office of

Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8753

RIN: 1505-AB57
COUNTRY OF ORIGIN OF TEXTILE AND APPAREL PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 3314; 19 USC 3592

CFR Citation: 19 CFR 12; 19 CFR 102; 19 CFR 141; 19 CFR 144; 19 CFR 146; 19 CFR 163

Legal Deadline: None

Abstract: Amendment of the CBP regulations to update, restructure and consolidate the regulations relating to the country of origin of textile and apparel products. Amendments reflect changes brought about, in part, by the expiration on January 1, 2005, of the Agreement on

Textiles and Clothing and the resulting elimination of quotas on the entry of textile and apparel products from World Trade Organization members. The primary regulatory change is the elimination of the requirement that a textile declaration be submitted for all importations of textile and apparel products. In addition, to improve the quality of reporting of the manufacturer of imported textiles and apparel products, the amendments include a requirement that importers identify the manufacturer of such products through a manufacturer identification code.

Timetable:

Action

Date

FR Cite

Interim Final Rule

10/05/05

70 FR 58009

Interim Final Rule Comment

Period End

12/05/05

Final Action

07/00/06

Page 23072

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia Reese, Senior Attorney, Department of the

Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue

NW., Washington, DC 20229

Phone: 202 572-8810

Robert Abels, Operations Officer, Department of the Treasury, Office of

Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 344-1959

RIN: 1505-AB60
DOMINICAN REPUBLIC-CENTRAL AMERICA-UNITED

STATES FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 4001

CFR Citation: 19 CFR 10

Legal Deadline: Final, Statutory, January 1, 2006, PL 109-53.

Abstract: Amendment of CBP regulations to set forth the conditions and requirements that apply for purposes of submitting requests to CBP for refunds of any excess customs duties paid with respect to entries of textile or apparel goods entitled to retroactive application of preferential tariff treatment under the Dominican Republic-Central

American-United States Free Trade Agreement.

Timetable:

Action

Date

FR Cite

Interim Final Rule

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of the

Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,

Washington, DC 20229

Phone: 202 344-1959

Cynthia Reese, Senior Attorney, Department of the Treasury, Office of

Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8810

RIN: 1505-AB64
TERRORISM RISK INSURANCE PROGRAM; TRIA

EXTENSION ACT IMPLEMENTATION

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 31 USC 321; Terrorism Risk Insurance Act of 2002, Title I, PL 107-297, 116 Stat 2322; Terrorism Risk Insurance

Extension Act of 2005, PL 109-144, 119 Stat 2660

CFR Citation: 31 CFR 50

Legal Deadline: None

Abstract: This interim final rule implements amendments to the

Terrorism Risk Insurance Act of 2002 (TRIA) by the Terrorism Risk

Insurance Extension Act of 2005 (Extension Act). TRIA established a temporary Terrorism Risk Insurance Program (Program) that was scheduled to expire on December 31, 2005 under which the Federal Government shared the risk of insured losses from certified acts of terrorism with commercial property and casualty insurers. The Extension Act extends the Program through December 31, 2007 and makes other changes to TRIA.

This interim final rule specifically addresses changes to the types of property and casualty insurance covered by the Act, the requirements to satisfy the Act's mandatory availability (``make available'') provision and the operation of the new ``Program Trigger'' provision in section 103(e) of the Extension Act.

Timetable:

Action

Date

FR Cite

Interim Final Rule

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David J. Brummond, Legal Counsel, Department of the

Treasury, Terrorism Risk Insurance Program, Room 2112, 1425 New York

Avenue NW., Washington, DC 20220

Phone: 202 622-7255

Email: david.brummond@do.treas.gov

Howard Leikin, Deputy Director, Department of the Treasury, Office of

Financial Institutions, Terrorism Risk Insurance Program, 1425 New York

Avenue NW., Washington, DC 20220

Phone: 202 622-6770

Email: howard.leikin@do.treas.gov

Related RIN: Related to 1505-AB67

RIN: 1505-AB66
ECONOMIC SANCTIONS ENFORCEMENT PROCEDURES FOR

BANKING INSTITUTIONS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 18 USC 2332d; 21 USC 1901 to 1908; 22 USC 287c; 22 USC 2370(a); 31 USC 321(b); 50 USC 1701 to 1706; 50 USC app 1-44; PL 101- 410 (28 USC 2461 note); EO 9193; EO 9989; EO 12854

CFR Citation: 31 CFR 501

Legal Deadline: None

Abstract: This interim final rule supercedes the proposed rule issued by the Office of Foreign Assets Control (OFAC) on January 29, 2003 (68

FR 4422) to the extent that the proposed rule applied to ``banking institutions,'' as defined in the interim final rule. These administrative procedures are published as an appendix to OFAC's

Reporting, Procedures and Penalties Regulations (31 CFR 501).

Timetable:

Action

Date

FR Cite

Interim Final Rule

01/11/06

71 FR 1971

Interim Final Rule Comment

Period End

03/13/06

Final Rule

01/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Assistant Director Of Records, Department of the

Treasury, Office of Foreign Assets Control, 1500 Pennsylvania Avenue

NW--Annex, Washington, DC 20220

Phone: 202 622-2530

Fax: 202 522-1657

Related RIN: Related to 1505-AA95

RIN: 1505-AB69

Page 23073

Department of the Treasury (TREAS)

Long-Term Actions

Departmental Offices (DO)
POSSIBLE REGULATION OF ACCESS TO ACCOUNTS AT FINANCIAL

INSTITUTIONS THROUGH PAYMENT SERVICE PROVIDERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

CFR Citation: 31 CFR Ch II

Timetable:

Action

Date

FR Cite

ANPRM

01/08/99

64 FR 1149

ANPRM Comment Period End

04/08/99

Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Donna Felmlee

Phone: 202 622-1808

RIN: 1505-AA74
FINANCIAL SUBSIDIARIES

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martha Ellett

Phone: 202 622-2983

Fax: 202 622-1974

Email: martha.ellett@do.treas.gov

RIN: 1505-AA81
SECRETARY'S DETERMINATION OF REAL ESTATE BROKERAGE

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1501.2

Timetable:

Action

Date

FR Cite

NPRM

01/03/01

66 FR 307

NPRM Comment Period End

03/02/01

NPRM Comment Period Extended 05/01/01

66 FR 12440

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martha Ellett

Phone: 202 622-2983

Fax: 202 622-1974

Email: martha.ellett@do.treas.gov

RIN: 1505-AA84
HARBOR MAINTENANCE FEE

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 146; 19 CFR 178

Timetable:

Action

Date

FR Cite

Interim Final Rule Effective 03/01/87

Interim Final Rule

03/30/87

52 FR 10198

Interim Final Rule Comment

Period End

05/29/87

Final Action

To Be

Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson

Phone: 317 614-4511

RIN: 1505-AB11
DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 24

Timetable:

Action

Date

FR Cite

Interim Final Rule

01/08/92

57 FR 607

Interim Final Rule Effective 01/08/92

Interim Final Rule Comment

Period End

03/09/92

Final Action

To Be

Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson

Phone: 317 614-4511

RIN: 1505-AB12
RECONCILIATION

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 142; 19 CFR 159

Timetable:

Action

Date

FR Cite

NPRM

To Be

Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John Leonard

Phone: 202 344-2687

RIN: 1505-AB16
NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)--IMPLEMENTATION OF

DUTY-DEFERRAL PROGRAM PROVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 181; 19 CFR 113; 19 CFR 141; 19 CFR 144; 19 CFR 10

Timetable:

Action

Date

FR Cite

Interim Final Rule Effective 01/01/96

Interim Final Rule

01/30/96

61 FR 2908

Interim Final Rule Comment

Period End

04/01/96

Final Action

To Be

Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Shawn Filion

Phone: 716 551-3053

RIN: 1505-AB17

Department of the Treasury (TREAS)

Completed Actions

Departmental Offices (DO)
FINANCIAL ACTIVITIES OF FINANCIAL SUBSIDIARIES

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1501.1

Completed:

Reason

Date

FR Cite

Interim Final Rule

03/20/00

65 FR 14819

Interim Final Rule Effective 03/14/00

Interim Final Rule Comment

Period End

05/15/00

Regulatory Flexibility Analysis Required: No

Page 23074

Government Levels Affected: None

Agency Contact: Martha Ellett

Phone: 202 622-2983

Fax: 202 622-1974

Email: martha.ellett@do.treas.gov

RIN: 1505-AA80
SECRETARY'S DETERMINATION OF OTHER ACTIVITIES FINANCIAL IN NATURE

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1501.2

Completed:

Reason

Date

FR Cite

Interim Final Rule

01/02/01

66 FR 257

Interim Final Rule Effective 01/02/01

Interim Final Rule Comment

Period End

02/02/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martha Ellett

Phone: 202 622-2983

Fax: 202 622-1974

Email: martha.ellett@do.treas.gov

RIN: 1505-AA85
IMPORT RESTRICTIONS IMPOSED ON CERTAIN

ARCHAEOLOGICAL AND ETHNOLOGICAL MATERIALS FROM COLOMBIA

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 2612

CFR Citation: 19 CFR 12

Legal Deadline: None

Abstract: Amendment of the CBP Regulations to reflect the imposition of import restrictions on certain archaeological material and certain ethnological material from Colombia The restrictions are imposed pursuant to an agreement entered into between the United States and

Colombia under the authority of the Convention on Cultural Property

Implementation Act.

Timetable:

Action

Date

FR Cite

Final Action

03/17/06

71 FR 13757

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michael Craig, Chief, Other Government Agency Branch,

Department of the Treasury, Trade Compliance and Facilitation, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 344-1684

Joseph Howard, Attorney, Intellectual Property Rights Branch,

Department of the Treasury, Office of Regulations and Rulings, 1300

Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8701

RIN: 1505-AB59
EXTENSION OF IMPORT RESTRICTIONS IMPOSED ON

ARCHAEOLOGICAL MATERIAL ORIGINATING IN ITALY AND REPRESENTING THE PRE-

CLASSICAL, CLASSICAL, AND IMPERIAL ROMAN PERIODS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 2612

CFR Citation: 19 CFR 12

Legal Deadline: None

Abstract: Amendment to indicate the extension of the import restrictions that were imposed by Treasury Decision 01-06 on certain archaeological material originating in Italy and representing the pre-

Classical, Classical, and Imperial Roman periods of its cultural heritage, ranging in date from approximately the 9th century B.C. through approximately the 4th century A.D. The restrictions will remain in effect for an additional 5 years.

Timetable:

Action

Date

FR Cite

Final Action

01/19/06

71 FR 3000

Final Action Effective

01/19/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michael Craig, Chief, Other Government Agency Branch,

Department of the Treasury, Trade Compliance and Facilitation, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 344-1684

George F. McCray, Chief, IPR & Restricted Merchandise Branch,

Department of the Treasury, Office of Regulations and Rulings, 1300

Pennsylvania Avenue NW., Washington, DC 20229

Phone: 202 572-8709

RIN: 1505-AB63

BILLING CODE 4810--02--S

Department of the Treasury (TREAS)

Prerule Stage

Financial Crimes Enforcement Network (FINCEN)
CUSTOMER IDENTIFICATION PROGRAMS FOR PAWN BROKERS

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require pawnbrokers to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency.

Timetable:

Action

Date

FR Cite

ANPRM

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Page 23075

Email: cynthia.clark@fincen.gov

RIN: 1506-AA39
PROVISION OF BANKING SERVICES TO MONEY SERVICES

BUSINESSES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 31 USC P L 107-56 Bank Secrecy Act

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: We are issuing this advance notice of proposed rulemaking

(``Advance Notice'') as a part of our ongoing effort to address, in the context of the Bank Secrecy Act, the issue of access to banking services by money services businesses. Both the banking industry and the money service business industry have expressed concerns with regard to the impact of Bank Secrecy Act regulations on the ability of money service businesses to open and maintain accounts and obtain other financial services at banks and other depository institutions. Due to the concerns about the effect of regulatory requirements on the provision of banking services to money services businesses, we, through the Non-Bank Financial Institutions and the Examinations subcommittees of the Bank Secrecy Act Advisory Group, held a fact-finding meeting on

March 8, 2005, to hear directly from banks, other depository institutions, and money services businesses concerning the challenges that they face on this issue

Timetable:

Action

Date

FR Cite

ANPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments: regcomments@fincen.gov

Agency Contact: Cynthia Clark, Deputy Chief Counsel, Department of the

Treasury, Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 20120

Phone: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA85

Department of the Treasury (TREAS)

Proposed Rule Stage

Financial Crimes Enforcement Network (FINCEN)
CUSTOMER IDENTIFICATION PROGRAMS FOR TRAVEL AGENTS

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require travel agents to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency.

Timetable:

Action

Date

FR Cite

ANPRM

02/24/03

68 FR 8571

ANPRM Comment Period End

04/10/03

NPRM

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

URL For Public Comments: regcomments@fincen.gov

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA38
CUSTOMER IDENTIFICATION PROGRAMS FOR LOAN AND FINANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require loan and finance companies to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA40
CUSTOMER IDENTIFICATION PROGRAMS FOR SELLERS OF VEHICLES

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require sellers of vehicles to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency.

Timetable:

Action

Date

FR Cite

ANPRM

02/24/03

68 FR 8568

Page 23076

ANPRM Comment Period End

04/10/03

NPRM

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

URL For Public Comments: regcomments@fincen.gov

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA41
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR LOAN AND FINANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for loan and finance companies, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28

RIN: 1506-AA73
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR BUSINESSES ENGAGED IN VEHICLE SALES, INCLUDING

AUTOMOBILES, AIRPLANE, AND BOAT SALES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for businesses engaged in vehicle sales, including automobile, airplane, and boat sales, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

ANPRM

02/24/03

68 FR 8568

ANPRM Comment Period End

04/10/03

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28

RIN: 1506-AA80
AMENDMENTS TO BANK SECRECY ACT REGULATIONS--

CASINO RECORDKEEPING AND REPORTING REQUIREMENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 31 USC P L107-56 Bank Secrecy Act

CFR Citation: 31 CFR part 103

Legal Deadline: None

Abstract: FinCEN is proposing to exclude, as reportable transactions in currency, jackpots from slot machines and video lottery terminals. We are also proposed to exclude certain transactions between (i) casinos and currency dealers or exchangers and (ii) casinos and check casher's as reportable transactions in currency.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments: regcomments@fincen.gov

Agency Contact: Cynthia Clark, Deputy Chief Counsel, Department of the

Treasury, Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 20120

Phone: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA84

Page 23077

Department of the Treasury (TREAS)

Final Rule Stage

Financial Crimes Enforcement Network (FINCEN)
AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING

OF CROSS-BORDER TRANSPORTATION OF CERTAIN MONETARY INSTRUMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5312(a)(3), Bank Secrecy Act

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This rule will require reporting of cross-border transportation of certain negotiable instruments.

Timetable:

Action

Date

FR Cite

NPRM

01/22/97

62 FR 3249

NPRM Comment Period End

04/22/97

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA15
AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--EXEMPTIONS FROM THE

REQUIREMENT TO REPORT TRANSACTIONS IN CURRENCY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5330

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This document contains an interim final rule that further reforms and simplifies the process by which depository institutions may exempt transactions of retail and other businesses from the requirement to report transactions in currency in excess of $10,000. The interim final rule is part of a continuing program to reduce unnecessary burdens upon financial institutions complying with the Bank Secrecy Act and increase the cost-effectiveness of the counter-money laundering policies of the Department of the Treasury.

Timetable:

Action

Date

FR Cite

Interim Final Rule

07/28/00

65 FR 46356

Interim Final Rule Effective 07/31/00

Interim Final Rule Comment

Period End

09/26/00

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments: regcomments@fincen.gov

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA23
AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT

NONFINANCIAL TRADES OR BUSINESSES REPORT CERTAIN CURRENCY TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 et seq;

PL 107-56

CFR Citation: 31 CFR 103.30

Legal Deadline: Final, Statutory, April 26, 2002, Interim final rule published December 31, 2001.

Abstract: This document contains an interim final rule amending the

Bank Secrecy Act regulations to require certain persons to report currency received in the course of their trade or business.

Timetable:

Action

Date

FR Cite

NPRM

12/31/01

66 FR 67685

Interim Final Rule

12/31/01

66 FR 67680

NPRM Comment Period End

03/01/02

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA25
CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS,

AND CREDIT UNIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(l)

CFR Citation: 31 CFR 103.121

Legal Deadline: Final, Statutory, October 25, 2002, Public Law 107-56, sec 352.

Abstract: This notice of proposed rulemaking proposes to require banks, savings associations, and credit unions to establish written customer identification programs.

Timetable:

Action

Date

FR Cite

NPRM

07/23/02

67 FR 48290

NPRM Comment Period End

09/06/02

NPRM

05/09/03

68 FR 25163

Final Rule

05/09/03

68 FR 25090

NPRM Comment Period End

06/23/03

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA31
AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT

MUTUAL FUNDS REPORT SUSPICIOUS TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5331; PL 107-56

CFR Citation: 31 CFR 103.15

Page 23078

Legal Deadline: None

Abstract: This document contains an amendment to the regulations implementing the statute generally known as the Bank Secrecy Act. The amendment would require mutual funds to report suspicious transactions to the Department of the Treasury. The amendment constitutes a further step in the creation of a comprehensive system for the reporting of suspicious transactions by the major categories of financial institutions operating in the United States, as part of the counter- money laundering program of the Department of the Treasury.

Timetable:

Action

Date

FR Cite

NPRM

01/21/03

68 FR 2716

NPRM Comment Period End

03/24/03

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA37
IMPOSITION OF SPECIAL MEASURES AGAINST THE COUNTRY OF NAURU

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 311; 31 USC 5318A

CFR Citation: 31 CFR 103.184

Legal Deadline: None

Abstract: This rule will impose ``special measures'' against Nauru.

Nauru was previously designated as a country of primary money laundering concern pursuant to section 311 of the USA PATRIOT Act on

December 20, 2002, a prerequisite for the imposition of special measures.

Timetable:

Action

Date

FR Cite

NPRM

04/17/03

68 FR 18914

NPRM Comment Period End

05/19/03

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA43
FINANCIAL CRIMES ENFORCEMENT; AMENDMENTS TO THE BANK SECRECY ACT

REGULATIONS--NOMENCLATURE CHANGES

Priority: Info./Admin./Other. Major status under 5 USC 801 is undetermined.

Legal Authority: 31 USC 5318 et seq

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This document amends 31 CFR part 103 to reflect changes to the structure of the Department of the Treasury.

Timetable:

Action

Date

FR Cite

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA61
IMPOSITION OF SPECIAL MEASURES AGAINST THE COMMERCIAL BANK OF

SYRIA AS A FINANCIAL INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.188

Legal Deadline: None

Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign bank determined to be of primary money laundering concern.

Timetable:

Action

Date

FR Cite

NPRM

05/18/04

69 FR 28098

NPRM Comment Period End

06/17/04

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA64
IMPOSITION OF SPECIAL MEASURE AGAINST FIRST MERCHANT BANK OSH LTD,

INCL. ITS SUBSIDIARIES, FMB FINANCE LTD, FIRST MERCHANT INTERNATIONAL

INC, FIRST MERCHANT FINANCE LTD, AND FIRST MERCHANT TRUST LTD

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.189

Legal Deadline: None

Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign bank determined to be of primary money laundering concern.

Timetable:

Action

Date

FR Cite

NPRM

08/24/04

69 FR 51979

NPRM Comment Period End

09/23/04

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:

Page 23079

www.fincen.gov

URL For Public Comments: regcomments@fincen.gov

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA65
IMPOSITION OF SPECIAL MEASURE AGAINST INFOBANK AS A FINANCIAL

INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.190

Legal Deadline: None

Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign financial institution determined to be of primary money laundering concern.

Timetable:

Action

Date

FR Cite

NPRM

08/24/04

69 FR 51973

NPRM Comment Period End

09/23/04

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA67
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR MUTUAL FUNDS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for mutual funds, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

Interim Final Rule

04/29/02

67 FR 21117

Interim Final Rule Comment

Period End

05/29/02

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel, Department of the

Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183

Phone: 703 905-3590

Fax: 703 905-3735

Related RIN: Split from 1506-AA28

RIN: 1506-AA68
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR TRAVEL AGENCIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for travel agencies, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

NPRM

02/24/03

68 FR 8571

NPRM Comment Period End

04/10/03

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28

RIN: 1506-AA69
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR INVESTMENT ADVISORS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for investment advisors, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

NPRM

05/05/03

68 FR 23646

NPRM Comment Period End

07/07/03

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28

RIN: 1506-AA71
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR FINANCIAL INSTITUTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for

Page 23080

financial institutions, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

Interim Final Rule

04/29/02

67 FR 21110

Amendment to Interim Final Rule 11/06/02

67 FR 67547

Interim Final Rule Correction 11/14/02

67 FR 68935

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28

RIN: 1506-AA72
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR MONEY SERVICES BUSINESSES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for money services businesses, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

Interim Final Rule

04/29/02

67 FR 21114

Interim Final Rule Comment

Period End

05/29/02

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28

RIN: 1506-AA74
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR COMMODITY TRADING ADVISORS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for commodity trading advisors, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

NPRM

05/05/03

68 FR 23640

NPRM Comment Period End

07/07/03

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28

RIN: 1506-AA75
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR OPERATORS OF A CREDIT CARD SYSTEM

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for operators of a credit card system, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

Interim Final Rule

04/29/02

67 FR 21121

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28

RIN: 1506-AA76
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR UNREGISTERED INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for unregistered investment companies, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

NPRM

09/26/02

67 FR 60617

NPRM Comment Period End

11/25/02

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28, Previously reported as 1506-AA57

RIN: 1506-AA77

Page 23081
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR DEALERS IN PRECIOUS METALS, STONES, OR JEWELS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for dealers in precious metals, stones, or jewels, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

NPRM

02/21/03

68 FR 8480

Interim Final Rule Comment

Period End

05/07/05

70 FR 33702

Interim Final Rule

06/09/05

70 FR 33702

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28

RIN: 1506-AA78
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR PERSONS INVOLVED IN REAL ESTATE CLOSINGS AND

SETTLEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for persons involved in real estate closings and settlements, as defined in the Bank Secrecy Act.

Timetable:

Action

Date

FR Cite

NPRM

04/10/03

68 FR 17569

NPRM Comment Period End

06/09/03

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28

RIN: 1506-AA79
AMENDMENT TO THE BANK SECRECY ACT REGULATIONS-

IMPOSITION OF SPECIAL MEASURE AGAINST BANCO DELTA ASIA SARL

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 31 U.S.C 5318A

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign bank determined to be of primary money laundering concern.

Timetable:

Action

Date

FR Cite

NPRM

09/20/05

70 FR 55217

Notice

09/20/05

70 FR 55214

NPRM Comment Period End

10/25/05

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments: www.regcomments@fincen.gov

Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

Vienna, VA 22183

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA83

Department of the Treasury (TREAS)

Long-Term Actions

Financial Crimes Enforcement Network (FINCEN)
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SPECIAL REPORTING

AND RECORDKEEPING REQUIREMENTS--MONEY SERVICES BUSINESSES (MSBS)

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103

Timetable:

Action

Date

FR Cite

NPRM

05/21/97

62 FR 27909

NPRM Comment Period End

09/30/97

Final Action

To Be

Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Cynthia L Clark

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA19

Page 23082

Department of the Treasury (TREAS)

Completed Actions

Financial Crimes Enforcement Network (FINCEN)
AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF

AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS

Priority: Info./Admin./Other

CFR Citation: 31 CFR 103

Completed:

Reason

Date

FR Cite

Withdrawn

02/21/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Cynthia L Clark

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA08
DUE DILIGENCE REQUIREMENTS FOR CORRESPONDENT ACCOUNTS AND PRIVATE

BANKING ACCOUNTS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103.175 to 103.178

Completed:

Reason

Date

FR Cite

NPRM

01/04/06

71 FR 516

Final Rule

01/04/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA29
FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK

SECRECY ACT REGULATIONS REQUIREMENT THAT INSURANCE COMPANIES REPORT

SUSPICIOUS TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103.16

Completed:

Reason

Date

FR Cite

Final Rule

11/03/05

70 FR 66761

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

RIN: 1506-AA36
AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

LAUNDERING PROGRAMS FOR INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Completed:

Reason

Date

FR Cite

Final Rule

11/03/05

70 FR 66754

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia L Clark

Phone: 703 905-3758

Fax: 703 905-3758

Email: cynthia.clark@fincen.gov

Related RIN: Split from 1506-AA28

RIN: 1506-AA70

BILLING CODE 4810--35--S

Department of the Treasury (TREAS)

Proposed Rule Stage

Financial Management Service (FMS)
CLAIMS ON ACCOUNT OF TREASURY CHECKS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 321; 31 USC 3328; 31 USC 3331; 31 USC 3343; 31

USC 3702; 31 USC 3712

CFR Citation: 31 CFR 245

Legal Deadline: None

Abstract: Title 31 CFR part 245 governs the issuance of replacement checks for checks drawn on the United States Treasury when: 1) The original check has been lost, stolen, destroyed or mutilated, or defaced to such an extent that it is rendered non-negotiable; 2) the original check has been negotiated and paid on a forged or unauthorized indorsement; and 3) the original check has been cancelled pursuant to 31 CFR part 240. This regulation is being revised to update the regulation's definitions to make them consistent with the language of the revisions to the definitions in 31 CFR part 240. Other revisions will govern the use of the Check Forgery Insurance Fund (Fund). The

Fund is a revolving fund established to settle payee claims of nonreceipt where the original check has been fraudulently negotiated.

The Fund ensures that innocent payees, whose Treasury checks have been fraudulently cashed, receive replacement checks in a timely manner. The

NPRM is on hold pending implementation of the Expanded Check Forgery

Insurance Fund Legislation (CFIF) and the Treasury Check Information

System (TCIS).

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Ella White, Program Analyst, Department of the

Treasury, Financial Management Service, 3700 East-West Highway,

Hyattsville, MD 20782

Phone: 202 874-8445

Email: ella.white@fms.treas.gov

RIN: 1510-AA51

Page 23083

Department of the Treasury (TREAS)

Final Rule Stage

Financial Management Service (FMS)
PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS

Priority: Substantive, Nonsignificant

Legal Authority: PL 104-53; PL 104-316; 28 USC 2414; 28 USC 2517; 31

USC 1304

CFR Citation: 31 CFR 256

Legal Deadline: None

Abstract: This regulation governs the procedures for securing payment for money judgments against the United States. The proposed revision will update these procedures. This revision will benefit claimants and others in understanding the judgment payment process. This regulation currently describes a process that involves the General Accounting

Office (GAO) and the Treasury Department. The revision will remove the

GAO from this description to reflect legislative amendments that effect this change. Also, the regulation currently identifies monetary thresholds that no longer exist. The change will reflect the removal of these monetary limitations. These revisions will make the regulation consistent with current procedures for securing payment of money judgments against the United States.

Timetable:

Action

Date

FR Cite

NPRM

01/08/96

61 FR 552

NPRM Comment Period End

02/07/96

Direct Final Rule

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Vivian Cooper, Director, Financial Accounting and

Services Division, Department of the Treasury, Financial Management

Service, 3700 East-West Highway, Hyattsville, MD 20782

Phone: 202 874-8380

Email: vivian.cooper@fms.treas.gov

RIN: 1510-AA52
FEDERAL CLAIMS COLLECTION STANDARD--COLLECTION BY INSTALLMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 3711; 31 USC 3717

CFR Citation: 31 CFR 901.9

Legal Deadline: None

Abstract: Section 901.9, paragraph (f) is being modified to state that when an administrative charge is being paid out of amounts collected from the debtor, a partial or installment payment on a debt should be applied to that charge first, then to penalties, other administrative charges, interest, and principal.

Timetable:

Action

Date

FR Cite

Interim Final Rule

11/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt

Management Service, Department of the Treasury, Financial Management

Service, 401 14th Street SW., Washington, DC 20227

Phone: 202 874-7131

Fax: 202 874-7494

Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA91
FEDERAL GOVERNMENT PARTICIPATION IN THE ACH

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 5525; 12 USC 391; 31 USC 321; 31 USC 3301; 31

USC 3302; 31 USC 3321; 31 USC 3332; 31 USC 3335; 31 USC 3720

CFR Citation: 31 CFR 210

Legal Deadline: None

Abstract: FMS reviews the private sector ACH operating rules on a yearly basis and adopts, changes, or declines each rule.

Timetable:

Action

Date

FR Cite

Interim Final Rule

10/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Kristine Conrath, Acting Director, Settlement Services

Division, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227

Phone: 202 874-7019

Email: kristine.conrath@fms.treas.gov

RIN: 1510-AB00
PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 12 USC 90; 12 USC 265; 12 USC 266; 12 USC 321; 12 USC 323; 12 USC 332; 12 USC 391; 12 USC 1452(d); 12 USC 1464(k); 12 USC 1767; 12 USC 1789(a); 12 USC 2013; 12 USC 2122; 12 USC 3102; 12 USC 6302; 31 USC 3301 to 3304

CFR Citation: 31 CFR 203

Legal Deadline: None

Abstract: This rule includes general revisions that will provide needed updates to support operational changes to the system used for the collection of corporate withholding taxes and the investment of the

Government's excess operating funds, and incorporate other needed updates.

Timetable:

Action

Date

FR Cite

Interim Final Rule

10/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Thompson Sawyer, Director, Investment Management

Division, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227

Phone: 202 874-7150

Email: thompson.sawyer@fms.treas.gov

RIN: 1510-AB01
OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL

BENEFIT PAYMENTS) TO COLLECT PAST-DUE, LEGALLY ENFORCEABLE NONTAX DEBT-

GRANT PAYMENTS AMENDMENT

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 3716

CFR Citation: 31 CFR 285.5

Legal Deadline: None

Abstract: The Debt Collection Improvement Act of 1996, Public Law 1040134 (April 26, 1996) authorized the offset of Federal payments by disbursing officials of the United States to collect nontax debt owed the United States. 31 CFR 285.5 contains rules for conducting these offsets. This rule will

Page 23084

provide additional parameters relating to the offset of Federal grant payments.

Timetable:

Action

Date

FR Cite

Interim Final Rule

11/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt

Management Service, Department of the Treasury, Financial Management

Service, 401 14th Street SW., Washington, DC 20227

Phone: 202 874-7131

Fax: 202 874-7494

Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AB05
FEDERAL PROCESS AGENTS OF SURETY COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 3906

CFR Citation: 31 CFR 224

Legal Deadline: None

Abstract: Title 31 CFR part 224, which implements 31 USC 9306, governs the appointment of federal process agents of surety companies. This revision to 31 CFR part 224 will make the regulation consistent with a 1999 amendment to 31 USC 9306. In addition, this revision will remove an outdated requirement and update contact information and references.

Timetable:

Action

Date

FR Cite

Direct Final Rule

06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Rose M Miller, Surety Bond Branch Manager, Department of the Treasury, Financial Management Service, 3700 East-West Highway,

Hyattsville, MD 20782

Phone: 202 874-6850

Fax: 202 874-9978

Email: rose.miller@fms.treas.gov

RIN: 1510-AB08
ADMINISTRATIVE OFFSET AND CLAIMS COLLECTION

UNDER RECIPROCAL AGREEMENTS WITH STATES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 31 USC 3716

CFR Citation: 31 CFR 285.6

Legal Deadline: None

Abstract: This rule implements 31 USC 3716(h), which provides for the administrative offset of Federal payments to collect delinquent debts owed to States, provided the State has entered into a reciprocal agreement with the Secretary of the Treasury. This rule will not address past-due support debts, which are collected pursuant to 31 CFR 285.1

Timetable:

Action

Date

FR Cite

Interim Final Rule

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal, Local, State, Tribal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt

Management Service, Department of the Treasury, Financial Management

Service, 401 14th Street SW., Washington, DC 20227

Phone: 202 874-7131

Fax: 202 874-7494

Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AB09

Department of the Treasury (TREAS)

Completed Actions

Financial Management Service (FMS)
FOREIGN EXCHANGE OPERATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 281

Completed:

Reason

Date

FR Cite

Withdrawn

02/08/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Natalie H. Diana

Phone: 202 874-6680

Fax: 202 874-6627

Email: natalie.diana@fms.treas.gov

RIN: 1510-AB03
FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 210

Completed:

Reason

Date

FR Cite

Interim Final Rule

11/07/05

70 FR 67364

Interim Final Rule Comment

Period End

01/06/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Natalie H. Diana

Phone: 202 874-6680

Fax: 202 874-6627

Email: natalie.diana@fms.treas.gov

RIN: 1510-AB04
WITHHOLDING OF DISTRICT OF COLUMBIA, STATE, CITY, AND COUNTY

INCOME OR EMPLOYMENT TAXES BY FEDERAL AGENCIES

Priority: Info./Admin./Other

CFR Citation: 31 CFR 215

Completed:

Reason

Date

FR Cite

Final Action

01/13/06

71 FR 2149

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State

Agency Contact: Marc Seldin

Phone: 202 874-6863

Fax: 202 874-6627

Email: marc.seldin@fms.treas.gov

RIN: 1510-AB06

BILLING CODE 4810--31--S

Page 23085

Department of the Treasury (TREAS)

Prerule Stage

Alcohol and Tobacco Tax and Trade Bureau (TTB)

ALCOHOL
PROPOSED REVISIONS TO THE BEER REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5021 to 5056; 26 USC 5061 to 5064; 26 USC 5091 to 5093; 26 USC 5111 to 5114; 26 USC 5121 to 5123; 26 USC 5401 to 5403; 26 USC 5411 to 5418; . . .

CFR Citation: 27 CFR 25

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau proposes to revise brewery regulations to reduce the regulatory burden and streamline regulatory requirements.

Timetable:

Action

Date

FR Cite

ANPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: RaMona Hupp, Specialist, Department of the Treasury,

Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street

NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: ramona.hupp@ttb.gov

Related RIN: Related to 1513-AA12

RIN: 1513-AB05
USE OF THE WORD ``PURE'' OR ITS VARIANTS IN THE LABELING AND

ADVERTISING OF ALCOHOL BEVERAGES

Priority: Other Significant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7

Legal Deadline: None

Abstract: TTB is considering amending the regulations concerning the use of the word ``pure'' or its variants in the labeling and advertising of alcohol beverages. We wish to gather information by inviting comments from the public and industry as to whether the existing regulations should be revised.

Timetable:

Action

Date

FR Cite

ANPRM

12/07/05

70 FR 72731

ANPRM Comment Period End

02/06/06

Comment Period Extended

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,

Morganza, MD 20660

Phone: 301 290-1460

Fax: 301 290-1463

Email: lisa.gesser@ttb.gov

RIN: 1513-AB16
USE OF VARIOUS WINEMAKING TERMS ON WINE LABELS

AND IN ADVERTISEMENTS; REQUEST FOR PUBLIC COMMENT

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau is considering amending the regulations concerning various winemaking terms commonly used on labels and in advertisements of wine products to provide the consumer with information about the growing and/or bottling conditions of the product. We wish to gather information by inviting comments from industry members, consumers, and other interested parties as to whether and to what extent the existing regulations should be revised.

Timetable:

Action

Date

FR Cite

ANPRM

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,

Morganza, MD 20660

Phone: 301 290-1460

Fax: 301 290-1463

Email: lisa.gesser@ttb.gov

RIN: 1513-AB24
USE OF THE WORDS SCOTCH ALE OR SCOTTISH ALE OR

ITS VARIANTS ON LABELS OR IN ADVERTISING OF MALT BEVERAGE PRODUCTS;

REQUEST FOR PUBLIC COMMENT

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 7.24

Legal Deadline: None

Abstract: TTB is considering whether the terms Scotch Ale and Scottish

Ale by usage and common knowledge have lost their geographical significance to such an extent that they have become generic.

Timetable:

Action

Date

FR Cite

Notice

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury,

Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: ramona.hupp@ttb.gov

RIN: 1513-AB30

Page 23086

Department of the Treasury (TREAS)

Proposed Rule Stage

Alcohol and Tobacco Tax and Trade Bureau (TTB)

ALCOHOL
DENATURED SPIRITS, ARTICLES, AND NONBEVERAGE PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 19; 27 CFR 20; 27 CFR 27; 27 CFR 28

Legal Deadline: None

Abstract: Modernizes and clarifies regulations relating to the following activities: 1) Manufacture of articles made with specially denatured alcohol (SDA); 2) exportation of SDA and articles made with

SDA; and 3) importation of denatured spirits, fuel alcohol, articles made with SDA, and nonbeverage alcoholic products.

Timetable:

Action

Date

FR Cite

NPRM

10/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-9210

Fax: 202 927-8525

Email: steven.simon@ttb.gov

RIN: 1513-AB03
LABELING AND ADVERTISING OF WINES, DISTILLED SPIRITS, AND MALT

BEVERAGES

Priority: Other Significant. Major status under 5 USC 801 is undetermined.

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7

Legal Deadline: None

Abstract: TTB requests public comment on possible changes to the labeling and advertising requirements of alcohol beverage products regulated by TTB. TTB has long required certain labeling, such as brand name, class and type, alcohol content (in the case of wines containing more than 14 percent alcohol by volume and distilled spirits), net contents, and in recent years has published updated standards for the use of carbohydrate and calorie claims. Because of petitions to mandate additional information, including ingredient, allergen, alcohol, calorie, and carbohydrate content and requests by some to use labels with at least some of that additional information on a voluntary basis under existing rules, TTB believes it is now appropriate to consider revising the alcohol beverage labeling and advertising regulations, and seeks public comment on several issues to assist TTB in formulating specific regulatory proposals.

Timetable:

Action

Date

FR Cite

ANPRM

04/29/05

70 FR 22274

ANPRM Comment Period Extended 06/23/05

70 FR 36359

ANPRM Comment Period End

09/26/05

NPRM

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,

Morganza, MD 10660

Phone: 301 290-1460

Fax: 301 290-1463

Email: lisa.gesser@ttb.gov

RIN: 1513-AB07
ALLERGEN INGREDIENT LABELING FOR ALCOHOL BEVERAGES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 4.32; 27 CFR 5.32; 27 CFR 7.22

Legal Deadline: None

Abstract: Pursuant to the House Committee Report accompanying the Food

Allergen Labeling and Consumer Protection Act of 2004 (Pub. L. 108- 282), TTB will consider how to appropriately apply allergen labeling to beverage alcohol products. We will consider how allergen labeling for these products will operate within our existing labeling regulations and with FDA regulations.

Timetable:

Action

Date

FR Cite

ANPRM

04/29/05

70 FR 22274

ANPRM Comment Period End

09/26/05

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jessica M. Bungard, Management Analyst, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: jessica.bungard@ttb.gov

Related RIN: Related to 1513-AB07

RIN: 1513-AB08
ALTERNATING BREWERY PROPRIETORS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5051; 26 USC 5401

CFR Citation: 27 CFR 25

Legal Deadline: None

Abstract: TTB is establishing guidelines for the establishment of alternating proprietors at brewery premises. These guidelines will provide standards for the establishment of an alternating proprietorship at a brewery premises, and will provide guidelines for the operations of these premises by separate established brewers. They will give guidance on operations, taxpayment, recordkeeping, reporting, and segregation of products made by separate brewers.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury,

Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: ramona.hupp@ttb.gov

RIN: 1513-AB09
PETITION TO ESTABLISH THE OUTER COASTAL PLAIN AMERICAN

VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

Page 23087

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing to establish the Outer

Coastal Plain viticultural area in southeast New Jersey. The 2,255,400- acre area includes all of Cape May, Atlantic, Ocean, and Cumberland

Counties and portions of Salem, Gloucester, Camden, Burlington, and

Monmouth Counties. Currently, the area has 1,227 vineyard acres.

Timetable:

Action

Date

FR Cite

NPRM

07/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

Roanoke, VA 24014

Phone: 540 344-9333

Fax: 540 344-5855

Email: jennifer.berry@ttb.gov

RIN: 1513-AB13
QUARTERLY EXCISE TAX FILING FOR SMALL ALCOHOL

EXCISE TAXPAYERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5061 as amended by PL 109-59

CFR Citation: 27 CFR 19; 27 CFR 24; 27 CFR 25; 27 CFR 26; 27 CFR 70; .

. .

Legal Deadline: NPRM, Statutory, January 1, 2006, PL 109-59.

Abstract: Implementation of the quarterly excise tax payment procedure for small alcohol excise taxpayers contained in section 11127 of Public

Law 109-59, the Safe, Accountable, Flexible, Efficient Transportation

Equity Act: A Legacy for Users, which amended section 5061 of the

Internal Revenue Code of 1986.

Timetable:

Action

Date

FR Cite

Temporary rule with NPRM

02/02/06

71 FR 5598

Temporary rule effective date 01/01/06

NPRM

02/02/06

71 FR 5629

NPRM Comment Period End

04/03/06

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: marjorie.ruhf@ttb.gov

RIN: 1513-AB17
GREEN VALLEY OF RUSSIAN RIVER VALLEY

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Winegrowers and Vintners of Sonoma County's Green Valley group proposes to rename the ``Sonoma County Green Valley'' viticultural area (27 CFR 9.57) as the ``Green Valley of Russian River

Valley'' viticultural area, with the size and boundaries remaining unchanged. The group explains the name change is warranted because the region is commonly referred to as ``Green Valley,'' without the Sonoma

County modifier. They add that the Sonoma County Green Valley viticultural area is considered as a sub-appellation of the Russian

River Valley viticultural area by virtue of location and similar climate.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AB18
LEHIGH VALLEY

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lehigh Valley Wine Trail Appellation Committee proposed the establishment of the Lehigh Valley viticultural area, which includes 1,888 square miles and 220 vineyard acres, north of

Philadelphia, in Lehigh, Northampton, Berks, Schuylkill, Carbon, and

Monroe counties in Pennsylvania. Distinguishing features include climate, soil, and terrain.

Timetable:

Action

Date

FR Cite

NPRM

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AB19
SWAN CREEK

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Raffaldini Vineyards submitted a petition to establish the 96,000-acre Swan Creek viticultural area on behalf of the Vineyards of

Swan Creek trade association, a group of vineyards and wineries in northwest North Carolina. At the time of the petition, the proposed boundaries of the agricultural and rural area include three wineries and 75 acres of vineyards. Portions of Wilkes, Yadkin, and Iredell counties are in the proposed boundaries, as is approximately 60 percent of the established Yadkin Valley viticultural area (27 CFR 9.174).

Timetable:

Action

Date

FR Cite

NPRM

08/00/06

Page 23088

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AB20
SAN FRANCISCO BAY EXPANSION

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Hestan Vineyards proposes to expand the San Francisco Bay viticultural area northward into Solano County, California. This 56,280-acre expansion will include two acres of vineyards and portions of the Carquinez Strait in the City of Vallejo. The distinguishing features include climate, soil, and terrain.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AB21
SNAKE RIVER VALLEY

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The wine grape growers of the Snake River Valley in Idaho, the Idaho Grape Growers and Wine Producers Commission, and the Idaho

Department of Commerce and Labor submitted a petition to establish the 8,263-square mile Snake River Valley viticultural area. The area includes portions of western Idaho and eastern Oregon. The proposed boundaries include 15 wineries, 46 vineyards, and 1,107 acres of commercial vineyard production.

Timetable:

Action

Date

FR Cite

NPRM

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AB22
PROPOSED EXPANSION OF THE ALEXANDER VALLEY

VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The petitioner proposes to expand the Alexander Valley viticultural area by 1,300 acres, in a region along Hiatt Road adjacent to the current diagonal northwestern boundary. The proposed expansion area, south-southwest of Cloverdale, resembles an east-facing triangle that joins the diagonal northwestern boundary line. The current diagonal boundary line divides a vineyard, leaving about 10 acres outside of the established Alexander Valley viticultural area.

Expansion of the boundary line would correct this vineyard problem and allow for another vineyard to be included in the viticultural area.

Timetable:

Action

Date

FR Cite

NPRM

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AB23
PROPOSED ESTABLISHMENT OF THE TULOCAY

VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The petitioner proposes to establish the 11,200-acre Tulocay viticultural area. The Tulocay region is totally within the established

Napa Valley viticultural area and the larger, multi-county North Coast viticultural area in California. The distinguishing features of the proposed viticultural area include a unique microclimate and geography.

Timetable:

Action

Date

FR Cite

NPRM

09/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AB26
PROPOSED ESTABLISHMENT OF THE PASO ROBLES

WESTSIDE VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 179,622-acre Paso Robles Westside viticultural area is located in California about 30 miles

Page 23089

inland from the Pacific Ocean and 180 miles south of San Francisco. The proposed viticultural area is totally within San Luis Obispo County, the Paso Robles viticultural area, and the multi-county Central Coast viticultural area. The establishment of the proposed Paso Robles

Westside viticultural area would not affect the existing, larger Paso

Robles viticultural area. Distinguishing features of the proposed Paso

Robles Westside viticultural area include climate, soils, and topography.

Timetable:

Action

Date

FR Cite

NPRM

09/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AB27

Administrative/Procedures
AVAILABILITY OF INFORMATION

Priority: Info./Admin./Other

Legal Authority: 26 USC 6103; 5 USC 552; 5 USC 552(a); 26 USC 301; 26

USC 7805

CFR Citation: 27 CFR 70

Legal Deadline: None

Abstract: TTB is revising and consolidating in one new part of its regulations all regulatory provisions that deal with the availability of information. This new part will include rules regarding the disclosure of information pursuant to the Freedom of Information Act and the Privacy Act of 1974 and in connection with litigation or other legal proceedings. TTB is also revising 27 CFR 70.701(d) to change the publication of the TTB Bulletin. Rather than publishing our bulletin quarterly in print form, we are changing it to be published as a monthly online bulletin. All content of the bulletin as currently prescribed by regulation will remain the same.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jessica Bungard, Management Analyst, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: jessica.bungard@ttb.gov

RIN: 1513-AA98

FIREARMS
FIREARMS AND AMMUNITION EXCISE TAXES, CONSIGNMENT SALES OF

IMPORTED ARTICLES

Priority: Other Significant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 4181; 26 USC 4182; 26 USC 4216 to 4219; 26 USC 4221 to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020; 26

USC 6021; 26 USC 6061; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 6101 to 6104; 26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26

USC 6301 to 6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 26 USC 7502; 26 USC 7805

CFR Citation: 27 CFR 53.121

Legal Deadline: None

Abstract: TTB is amending the regulations relating to the payment of excise taxes on firearms and ammunition. The proposed amendment will clarify the tax liability of a domestic consignee who sells imported firearms or ammunition on behalf of a resident of a foreign country.

Timetable:

Action

Date

FR Cite

NPRM

10/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments: nprm@ttb.gov

Agency Contact: Karl O. Joedicke, Project Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street

NW., Suite 200E, Washington, DC 20220

Phone: 202 927-7460

Fax: 202 927-8525

Email: karl.joedicke@ttb.gov

RIN: 1513-AB12
EXPORTATION OF LIQUORS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 28

Legal Deadline: None

Abstract: TTB proposes the plain language revision of 27 CFR part 28 to eliminate obsolete or unnecessary rules and forms and streamline export processing, while providing adequate protection for the revenue.

Timetable:

Action

Date

FR Cite

ANPRM

09/08/92

57 FR 40887

ANPRM Comment Period End

10/08/92

ANPRM Comment Period Extended 10/15/92

57 FR 47320

ANPRM Comment Period Extended

End

12/07/92

ANPRM

08/09/96

61 FR 41500

ANPRM Comment Period End

12/10/96

NPRM

10/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AA98

Agency Contact: Joanne Brady, TTB Specialist, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 45797,

Philadelphia, PA 19149

Phone: 215 333-7050

Page 23090

Fax: 215 333-8871

Email: joanne.brady@ttb.treas.gov

RIN: 1513-AA00
DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5701; 26 USC 5702

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

Abstract: This notice incorporates most of the parts of Industry

Circular 91-3, dated March 19, 1991, entitled ``Large Cigar Taxes On and After January, 1991'' that have not been placed in the regulations.

Industry Circular 91-3 addressed questions about determining the amount of tax for large cigars based on their sale price. In addition, this notice proposes: 1) To give guidance on tax adjustments for large cigars provided at no cost in connection with a sale; and 2) recordkeeping requirements for persons in Puerto Rico, who bring large cigars upon prepayment or deferred payment of tax into the United

States from Puerto Rico.

Timetable:

Action

Date

FR Cite

NPRM

11/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC22

Agency Contact: Amy J. Rogers, Management Analyst, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW.,

Suite 200E, Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: amy.rogers@ttb.gov

RIN: 1513-AA16
PROPOSED REVISIONS TO THE DISTILLED SPIRITS PLANT REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 19

Legal Deadline: None

Abstract: TTB is proposing to amend the distilled spirits plant regulations in 27 CFR part 19. Many of these proposed revisions are the result of a petition submitted by the Distilled Spirits Council of the

United States (DISCUS). Other proposed revisions are a result of TTB's own comprehensive review of the regulations in 27 CFR part 19. TTB believes that the amendments proposed in this notice will benefit the distilled spirits industry by modernizing many of the requirements for operating distilled spirits plants and thereby allow proprietors to operate in a more efficient manner.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC52

Agency Contact: Daniel J. Hiland, Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: daniel.hiland@ttb.gov

RIN: 1513-AA23
PROPOSED ADDITION OF NEW GRAPE VARIETY NAMES FOR AMERICAN WINES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: TTB has received petitions proposing to add several names to the list of grape variety names used to designate American wines.

Timetable:

Action

Date

FR Cite

NPRM

09/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC79

Agency Contact: Jennifer Berry, TTB Specialist, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

Roanoke, VA 24014

Phone: 540 344-9333

Fax: 540 344-5855

Email: jennifer.berry@ttb.gov

RIN: 1513-AA42
PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN

VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition from Cambria Winery and Vineyard proposing to establish the ``Santa Maria Bench'' viticultural area in

Santa Barbara County, California. The petitioned viticultural area has 4,130 acres, with 1,754 acres planted to wine grapes, and is within the established Santa Maria and the Central Coast viticultural areas.

Timetable:

Action

Date

FR Cite

NPRM

07/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC93

Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury,

Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: ramona.hupp@ttb.gov

RIN: 1513-AA51
FORM TTB F 5110.51, FORMULA AND PROCESS FOR

DOMESTIC AND IMPORTED ALCOHOL BEVERAGES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205; 26 USC 5222 to 26 USC 5223; 26 USC 5232; 26 USC 5386; 26 USC 5401; 26 USC 5555

Page 23091

CFR Citation: 27 CFR 5; 27 CFR 7; 27 CFR 19; 27 CFR 24; 27 CFR 25; 27

CFR 26

Legal Deadline: None

Abstract: This project replaces existing forms used for the submission of formulas for wine and distilled spirits with a single, new form, TTB

F 5110.51, Formula and Process for Domestic and Imported Alcohol

Beverages, to be used by all producers and importers of alcohol beverages. This new form also replaces the existing statement of process or letterhead formulas used for submission of beer formulas.

Use of this new form will allow all alcohol beverage producers to use the same form and submit the same information for the production and importation of any kind of alcohol beverage.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: James R. Neely, Specialist, Department of the Treasury,

Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street, NW, Room 400W,

Washington, DC 20220

Phone: 202 927-0120

Fax: 202 921-1840

Email: james.neely@ttb.gov

Amy J. Rogers, Management Analyst, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E,

Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: amy.rogers@ttb.gov

RIN: 1513-AB28
PROPOSED MODIFICATION OF VINTAGE DATE

REQUIREMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4.27

Legal Deadline: None

Abstract: TTB is considering a modification of the vintage date rules.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: marjorie.ruhf@ttb.gov

RIN: 1513-AB29

Department of the Treasury (TREAS)

Final Rule Stage

Alcohol and Tobacco Tax and Trade Bureau (TTB)

ALCOHOL
NEW CERTIFICATION REQUIREMENTS FOR IMPORTED WINE

Priority: Substantive, Nonsignificant

Legal Authority: PL 108-429, sec 202

CFR Citation: 27 CFR 4; 27 CFR 24; 27 CFR 27

Legal Deadline: None

Abstract: TTB is amending the wine regulations to implement new certification requirements for imported wine required by the

Miscellaneous Trade and Technical Corrections Act of 2004.

Timetable:

Action

Date

FR Cite

NPRM

08/24/05

70 FR 49516

Interim Final Rule

08/24/05

70 FR 49479

Interim Final Rule Effective 08/24/05

Final Rule

09/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

Roanoke, VA 24014

Phone: 540 344-9333

Fax: 540-344-5855

Email: jennifer.berry@ttb.gov

RIN: 1513-AB00
PETITION TO ESTABLISH SAN ANTONIO VALLEY AS A NEW AMERICAN

VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing ``San Antonio Valley'' as a new American viticultural area in California.

Timetable:

Action

Date

FR Cite

NPRM

05/19/05

70 FR 28865

NPRM Comment Period End

07/18/05

Final Rule

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

Roanoke, VA 24014

Phone: 540 344-9333

Fax: 540 344-5855

Email: jennifer.berry@ttb.gov

RIN: 1513-AB02
PROPOSED CHANGE TO VINTAGE DATE REQUIREMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4.27

Legal Deadline: None

Page 23092

Abstract: TTB received a petition to change the vintage date requirements in the wine regulations.

Timetable:

Action

Date

FR Cite

NPRM

07/01/05

70 FR 38058

NPRM Comment Period End

08/30/05

Final Rule

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: marjorie.ruhf@ttb.gov

RIN: 1513-AB11
PETITION TO ESTABLISH THE RATTLESNAKE HILLS AMERICAN VITICULTURAL

AREA

Priority: Routine and Frequent

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 68,500-acre Rattlesnake Hills viticultural area is located in the south, central region of Washington State.

Distinguishing features include topography, soils, and climate. There are currently 1,227 acres of vineyards in commercial production.

Timetable:

Action

Date

FR Cite

NPRM

06/01/05

70 FR 31396

NPRM Comment Period End

08/01/05

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AB14
PETITION TO ESTABLISH THE SADDLE ROCK-MALIBU AMERICAN VITICULTURAL

AREA

Priority: Routine and Frequent

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 2,090-acre Saddle Rock-Malibu viticultural area is in Malibu County in southern California. The distinguishing features include high elevations, and its location and orientation within the

Santa Monica Mountains that limit its marine layer exposure. As compared to some of the neighboring areas with more marine influence, the Saddle Rock-Malibu area receives more solar radiation and heat during the growing season.

Timetable:

Action

Date

FR Cite

NPRM

01/10/06

71 FR 1500

NPRM Comment Period End

03/13/06

Final Rule

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AB15

Administrative/Procedures
ADMINISTRATIVE CHANGES TO ALCOHOL, TOBACCO, AND FIREARMS

REGULATIONS DUE TO THE HOMELAND SECURITY ACT OF 2002

Priority: Info./Admin./Other

Legal Authority: PL 107-296; . . .

CFR Citation: 27 CFR 1; 27 CFR 4 to 6; 27 CFR 8; . . .

Legal Deadline: None

Abstract: The Homeland Security Act of 2002 divided the Bureau of

Alcohol, Tobacco and Firearms, Department of the Treasury into two separate agencies: the Bureau of Alcohol, Tobacco, Firearms and

Explosives in the Department of Justice, and the Alcohol and Tobacco

Tax and Trade Bureau in the Department of the Treasury. Due to these changes, this final rule amends the Alcohol and Tobacco Tax and Trade

Bureau's regulations to reflect the Bureau's new name and organizational structure.

Timetable:

Action

Date

FR Cite

Final Rule

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,

Morganza, MD 20660

Phone: 301 290-1460

Fax: 301 290-1463

Email: lisa.gesser@ttb.gov

RIN: 1513-AA80

Page 23093

FIREARMS
FIREARMS EXCISE TAX; EXEMPTION FOR SMALL

MANUFACTURERS, PRODUCERS, AND IMPORTERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 4181; 26 USC 4182; 26 USC 4216 to 4219; 26 USC 4221 to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020; 26

USC 6021; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 6101 to 6104; 26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26 USC 6301 to 6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 26 USC 7502; 26 USC 7805

CFR Citation: 27 CFR 53.62

Legal Deadline: None

Abstract: This final rule amends the regulations administered by the

Alcohol and Tobacco Tax and Trade Bureau to reflect the small manufacturers excise tax exemption contained in section 5241 of the

Safe, Accountable, Flexible, Efficient Transportation Equity Act: A

Legacy for Users. Section 5241 of this Act amended section 4182 of the

Internal Revenue Code of 1986 to exempt any pistol, revolver, or firearm from the tax imposed by section 4181 if it was manufactured, produced, or imported by a person who manufactures, produces, or imports less than an aggregate of 50 such articles during the calendar year.

Timetable:

Action

Date

FR Cite

Final Rule

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karl O. Joedicke, Project Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street

NW., Suite 200E, Washington, DC 20220

Phone: 202 927-7460

Fax: 202 927-8525

Email: karl.joedicke@ttb.gov

RIN: 1513-AB25
IMPLEMENTATION OF PUBLIC LAW 105-33, SECTION 9302, REQUIRING THE

QUALIFICATION OF TOBACCO PRODUCT IMPORTERS AND MISCELLANEOUS TECHNICAL

AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5712; 26 USC 5713

CFR Citation: 27 CFR 275

Legal Deadline: None

Abstract: These regulations will implement section 9302 provisions of

Public Law 105-33, requiring permits for businesses engaged in importing tobacco products. Also, minor technical amendments have been included in this rule.

Timetable:

Action

Date

FR Cite

NPRM

12/22/99

64 FR 71955

NPRM Comment Period End

02/22/00

Interim Final Rule

12/22/99

64 FR 71947

Interim Final Rule Effective 01/01/00

Interim Final Rule Comment

Period End

05/03/00

65 FR 17477

Final Rule

01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC07

Agency Contact: Linda W. Chapman, TTB Specialist, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW.,

Suite 200E, Washington, DC 20220

Phone: 202 927-8181

Fax: 202 927-8525

Email: linda.chapman@ttb.gov

RIN: 1513-AA10
PROPOSAL TO RECOGNIZE SYNONYMS FOR PETITE SIRAH AND ZINFANDEL

GRAPE VARIETIES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: TTB is proposing to amend the list of prime grape names for

American wines to recognize the name ``Durif'' as a synonym for the

Petite Sirah grape and to recognize the name ``Primitivo'' as a synonym for the Zinfandel grape. This is in response to the result of recent

DNA research into the identity of these grape varieties.

Timetable:

Action

Date

FR Cite

NPRM

04/10/02

67 FR 17312

NPRM Comment Period Extended 06/06/02

67 FR 38915

NPRM Comment Period End

10/08/02

Final Rule

09/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC65

Agency Contact: Jennifer Berry, TTB Specialist, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

Roanoke, VA 24014

Phone: 540 344-9333

Fax: 540 344-5855

Email: jennifer.berry@ttb.gov

RIN: 1513-AA32
PETITION TO ESTABLISH ``EOLA HILLS'' AS A NEW AMERICAN

VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of

``Eola Hills'' as a new American viticultural area in Oregon.

Timetable:

Action

Date

FR Cite

NPRM

09/08/03

68 FR 52875

NPRM Comment Period End

11/07/03

Comment Period Extended

11/07/03

68 FR 63042

Extended Comment Period End

01/06/04

Final Rule

07/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Page 23094

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC78

Agency Contact: Jennifer Berry, TTB Specialist, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

Roanoke, VA 24014

Phone: 540 344-9333

Fax: 540 344-5855

Email: jennifer.berry@ttb.gov

RIN: 1513-AA41
ORGANIC CLAIMS IN LABELING AND ADVERTISING OF ALCOHOL BEVERAGES

Priority: Info./Admin./Other

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7; 27 CFR 13

Legal Deadline: None

Abstract: TTB amended its alcohol beverage labeling rules to cross- reference the U.S. Department of Agriculture's National Organic Program

(NOP) rules. The mandatory compliance date for the NOP rules was

October 21, 2002. TTB requested comments on the temporary rule in an associated notice of proposed rulemaking.

Timetable:

Action

Date

FR Cite

NPRM

10/08/02

67 FR 62860

Temporary Rule

10/08/02

67 FR 62856

NPRM Comment Period Reopened 12/27/02

67 FR 79011

NPRM Comment Period Reopened 05/09/03

68 FR 24903

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC87

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA46
PETITION TO EXPAND THE LIVERMORE VALLEY VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing to expand the boundaries of approved American viticultural area Livermore Valley located in the

State of California. The proposed expanded boundaries encompass approximately 259,000 acres, of which 4,355 acres are devoted to vineyards. The expansion would add approximately 163,000 acres, 120 acres of vineyards, and four wineries to the area. The notice of proposed rulemaking includes expansions of the Central Coast and San

Francisco Bay American viticultural areas. All three will be published together.

Timetable:

Action

Date

FR Cite

NPRM

05/19/05

70 FR 28873

NPRM Comment Period End

07/18/05

Final Rule

10/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC99

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA54
SAN FRANCISCO BAY AND CENTRAL COAST VITICULTURAL AREAS--BOUNDARY

REALIGNMENT/EXPANSION

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing an expansion/realignment of the boundaries of approved American viticultural areas San Francisco

Bay and Central Coast, located in the State of California. In total, the proposed expanded boundaries encompass approximately 20,000 acres.

The notice of proposed rulemaking includes expansion of the Livermore

Valley American viticultural area. All three will be published together.

Timetable:

Action

Date

FR Cite

NPRM

05/19/05

70 FR 28870

NPRM Comment Period End

07/18/05

Final Rule

10/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD00

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA55
PETITION TO ESTABLISH ``CHEHALEM MOUNTAINS'' AS A NEW AMERICAN

VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of the ``Chehalem Mountains'' viticultural area located in Yamhill,

Washington, and Clackamas Counties, Oregon. A draft final rule is being prepared. The geographical name conflict is awaiting resolution prior to any further action.

Timetable:

Action

Date

FR Cite

NPRM

10/07/03

68 FR 57840

NPRM Comment Period End

12/08/03

Final Rule

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD02

Page 23095

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA57
LABELING AND ADVERTISING OF MALT BEVERAGES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 7

Legal Deadline: None

Abstract: This project revises malt beverage labeling and advertising regulations in plain language, and updates titles and definitions to reflect the status of TTB. This revision makes no substantive changes to 27 CFR part 7.

Timetable:

Action

Date

FR Cite

NPRM

06/27/02

67 FR 43496

NPRM Comment Period End

08/26/02

NPRM Comment Period Extended 08/27/02

67 FR 54388

Comment Period Extended End

09/25/02

Final Rule

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC10

URL For Public Comments: www.ttb.gov/foia/nprm--comments/notice946--comments.htm

Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury,

Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: ramona.hupp@ttb.gov

RIN: 1513-AA60
PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 27,500-acre Fort Ross-Seaview viticultural area is in the North Coast and Sonoma Coast viticultural areas. It is approximately 65 miles north-northwest from San Francisco, close to the

Pacific coastline. A significant distinguishing factor of the viticultural area, based on its 920-foot and 1,800-foot elevations, is the sunny and warm growing season that contrasts to the surrounding foggy and cooler lower elevations.

Timetable:

Action

Date

FR Cite

NPRM

05/12/05

70 FR 25000

NPRM Comment Period End

06/08/05

Final Rule

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA64
PETITION TO ESTABLISH THE ``SHAWNEE HILLS'' VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB requests comments concerning the proposed establishment of the ``Shawnee Hills'' viticultural area in southern Illinois. The proposed Shawnee Hills viticultural area is approximately 80 miles long from the Ohio River on the east to the Mississippi River on the west, and approximately 20 miles wide from north to south. Approximately 160 acres are planted with wine varietals.

Timetable:

Action

Date

FR Cite

NPRM

04/08/05

70 FR 17940

NPRM Comment Period End

06/07/05

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rita D. Butler, Specialist, Department of the Treasury,

Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Room 200E,

Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: rita.butler@ttb.gov

RIN: 1513-AA70
PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS AND THE

ARROYO SECO VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9.139; 27 CFR 9.59

Legal Deadline: None

Abstract: TTB requests comments concerning the proposed changes to the boundaries of the Santa Lucia Highlands and Arroyo Seco viticultural areas located in Monterey County, California. The proposed boundary change extends portions of the Santa Luca Highlands viticultural area and curtails the Arroyo Seco viticultural area.

Timetable:

Action

Date

FR Cite

NPRM

01/24/05

70 FR 3333

NPRM Comment Period End

03/25/05

Other/Comment Period Extended 03/08/05

70 FR 11178

Other/Comment Period End

05/25/05

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA72

Page 23096
PROPOSED ESTABLISHMENT OF ALTA MESA VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 55,400-acre ``Alta Mesa'' viticultural area in the north central portion of the established Lodi viticultural area. The most distinguishing features of the area include

``Alta Mesa,'' a table-top landform, and San Joaquin soil series that dominates 90 percent of the land. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

Timetable:

Action

Date

FR Cite

NPRM

08/15/05

70 FR 47740

NPRM Comment Period End

10/14/05

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA82
PROPOSED ESTABLISHMENT OF THE COSUMNES RIVER VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas Steering Committee proposes to establish the 54,700-acre ``Cosumnes River'' viticultural area in the northwest portion of the established Lodi viticultural area. The most distinguishing features of the area include the cool and windy climate, alluvial soils, and low elevation terrain. The Steering

Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

Timetable:

Action

Date

FR Cite

NPRM

08/15/05

70 FR 47770

NPRM Comment Period End

10/14/05

70 FR 47740

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA83
PROPOSED ESTABLISHMENT OF SLOUGHHOUSE VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas Steering Committee proposes to establish the 78,800-acre ``Sloughhouse'' viticultural area within the northeast portion of the established Lodi viticultural area.

The distinctive viticultural environment of the proposed Sloughhouse viticultural area includes warm temperatures, significant rain and fog, high elevations, and old soils. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

Timetable:

Action

Date

FR Cite

NPRM

08/15/05

70 FR 47740

NPRM Comment Period End

10/14/05

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA84
PROPOSED ESTABLISHMENT OF MOKELUMNE RIVER VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 85,700-acre ``Mokelumne River'' viticultural area in the southwest portion of the established Lodi viticultural area. The most distinguishing features of the area include the alluvial fan with its topography and geology in contrast to the surrounding areas, and the cool, breezy climate. The Steering Committee is petitioning for seven new viticultural areas within the original

Lodi viticultural area boundaries.

Timetable:

Action

Date

FR Cite

NPRM

08/15/05

70 FR 47740

NPRM Comment Period End

10/14/05

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA85
PROPOSED ESTABLISHMENT OF JAHANT VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Page 23097

Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 28,000-acre ``Jahant'' viticultural area, located in the central-west portion of the established Lodi viticultural area. The most distinguishing features of the area are the pink Jahant loam soil with its unique grape-growing qualities, the terrain with its river terraces and old floodplain deposits, and the cool, dry, and windy climate. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

Timetable:

Action

Date

FR Cite

NPRM

08/15/05

70 FR 47740

NPRM Comment Period End

10/14/05

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA86
PROPOSED ESTABLISHMENT OF BORDEN RANCH VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 70,000-acre ``Borden Ranch'' viticultural area in the east central portion of the Lodi viticultural area. The most distinctive features include old alluvial fans, river terraces and plains, high elevations, and a windswept climate. The

Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

Timetable:

Action

Date

FR Cite

NPRM

08/15/05

70 FR 47740

NPRM Comment Period End

10/14/05

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA87
PROPOSED ESTABLISHMENT OF CLEMENTS HILLS VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 84,500-acre ``Clements Hills'' viticultural area in the southeast portion of the established Lodi viticultural area. It is a topographic transition area between the low and flat San Joaquin Valley floor to the west and the progressively more mountainous Sierra Foothills to the east. The most distinguishing features of the Clements Hills area are the high elevation river terraces and rounded hilltops. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

Timetable:

Action

Date

FR Cite

NPRM

08/15/05

70 FR 47740

NPRM Comment Period End

10/14/05

Final Rule

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA88
PROPOSED ESTABLISHMENT OF TRACY HILLS VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau proposes to establish the 39,200-acre Tracy Hills viticultural area in San Joaquin and Stanislaus Counties, California, approximately 55 miles east- southeast of San Francisco. The sloping hillside topography includes streams and alluvial fans and plains. The distinguishing climatic features of the proposed area include limited rainfall and persistent winds, along with sparse fog, frost, and dew.

Timetable:

Action

Date

FR Cite

NPRM

12/07/05

70 FR 72733

NPRM Comment Period End

02/06/06

Final Rule

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA89
PROPOSED ESTABLISHMENT OF COVELO VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Ralph Carter of Sonoma, California is petitioning to establish Covelo as an American viticultural

Page 23098

area. Covelo area is 164 miles north of San Francisco and immediately south of the Round Valley Indian Reservation in northern California.

The proposed area has 38,000 acres with two acres of planted grape vines, but more area that the petitioner believes has good viticultural potential. The distinctive features include the bowl-shape of the

Covelo valley area that contrasts to the narrow valleys, with north- south orientations, commonly found in Mendocino County. Also, it has a short grape-growing season when compared to other Mendocino County viticultural areas.

Timetable:

Action

Date

FR Cite

NPRM

02/02/05

70 FR 5393

NPRM Comment Period End

04/04/05

Final Rule

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA90
PETITION TO ESTABLISH ``CALISTOGA'' AS AN AMERICAN VITICULTURAL

AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: In response to a petition, the Alcohol and Tobacco Tax and

Trade Bureau proposed to establish the Calistoga viticultural area in

Calistoga, Napa Valley, California. We designate viticultural areas to allow bottlers to better describe the origin of wines and allow consumers to better identify the wines they may purchase. We invited comments on this proposed addition to our regulations, particularly from bottlers who use brand names similar to Calistoga.

Timetable:

Action

Date

FR Cite

NPRM

03/31/05

70 FR 16451

NPRM Comment Period End

05/31/05

Final Rule

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,

Morganza, MD 20660

Phone: 301 290-1460

Fax: 301 290-1463

Email: lisa.gesser@ttb.gov

RIN: 1513-AA92
MATERIALS AUTHORIZED FOR THE TREATMENT OF WINE AND JUICE;

PROCESSES AUTHORIZED FOR THE TREATMENT OF WINE, JUICE, AND DISTILLING

MATERIAL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5381; 26 USC 5382; 26 USC 5385 to 5387

CFR Citation: 24 CFR 246; 24 CFR 248

Legal Deadline: None

Abstract: TTB is revising its lists of approved wine treating materials and processes to add several new materials and processes and revise existing limitations for a few others.

Timetable:

Action

Date

FR Cite

Interim Final Rule

11/19/04

69 FR 67639

Interim Final Rule Comment

Period End

01/18/05

Final Rule

09/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

Roanoke, VA 24014

Phone: 540 344-9333

Fax: 540 344-5855

Email: jennifer.berry@ttb.gov

RIN: 1513-AA96
SUSPENSION OF SPECIAL (OCCUPATIONAL) TAX

Priority: Substantive, Nonsignificant

Legal Authority: PL 108-357, sec 246; 26 USC 5148

CFR Citation: 27 CFR 17; 27 CFR 19; 27 CFR 24 to 27; 27 CFR 194

Legal Deadline: Final, Statutory, July 1, 2005, Section 246 of the

American Jobs Creation Act of 2004.

Abstract: Implements section 246 of the American Jobs Creation Act of 2004 (Pub. L. 208-357), which provides that for the 3-year period from

July 1, 2005, through June 30, 2008, the rate of special (occupational) tax on certain specified occupations shall be zero.

Timetable:

Action

Date

FR Cite

Interim Final Rule

10/31/05

70 FR 62238

Interim Final Rule Effective 07/01/05

NPRM

10/31/05

70 FR 62258

NPRM Comment Period End

12/30/05

Final Rule

06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, Program Manager, Department of the

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

Street NW., Washington, DC 20220

Phone: 202 927-8210

Fax: 202 927-8525

Email: steven.simon@ttb.gov

RIN: 1513-AB04

Page 23099

Department of the Treasury (TREAS)

Long-Term Actions

Alcohol and Tobacco Tax and Trade Bureau (TTB)

ALCOHOL
PROHIBITION OF ALCOHOL BEVERAGE CONTAINERS AND STANDARD OF FILL

FOR DISTILLED SPIRITS AND WINE

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7

Timetable:

Action

Date

FR Cite

NPRM

02/09/99

64 FR 6486

NPRM Comment Period End

04/12/99

Revised NPRM-Aggregate Packaging04/00/07

Revised NPRM-Deceptive Packaging04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser

Phone: 301 290-1460

Fax: 301 290-1463

Email: lisa.gesser@ttb.gov

RIN: 1513-AA07

TOBACCO PRODUCTS
REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES,

WITHOUT PAYMENT OF TAX, FOR USE BY THE UNITED STATES IN LAW ENFORCEMENT

ACTIVITIES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 45.31

Timetable:

Action

Date

FR Cite

Interim Final Rule

04/15/05

70 FR 19888

Interim Final Rule Effective 04/15/05

Interim Final Rule Comment

Period End

06/15/05

Final Rule

12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda W. Chapman

Phone: 202 927-8210

Fax: 202 927-8525

Email: linda.chapman@ttb.gov

RIN: 1513-AA99
IMPLEMENTATION OF WINE CREDIT PROVISIONS OF PUBLIC LAW 104-188

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 24.278; 27 CFR 24.279

Timetable:

Action

Date

FR Cite

NPRM

06/02/97

62 FR 29681

NPRM Comment Period End

08/01/97

Interim Final Rule

06/02/97

62 FR 29663

Final Action

To Be

Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf

Phone: 202 927-8210

Fax: 202 927-8525

Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA05
IMPLEMENTATION OF PUBLIC LAW 105-34, SECTION 1416, RELATING TO

REFUND OF TAX FOR DOMESTIC WINE RETURNED TO BOND REGARDLESS OF

MERCHANTABILITY (TAXPAYER RELIEF ACT OF 1997)

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 24.66; 27 CFR 24.295; 27 CFR 24.312

Timetable:

Action

Date

FR Cite

Interim Final Rule

To Be

Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf

Phone: 202 927-8210

Fax: 202 927-8525

Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA06
AMENDED STANDARD OF IDENTITY FOR SHERRY

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 4

Timetable:

Action

Date

FR Cite

NPRM

To Be

Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf

Phone: 202 927-8210

Fax: 202 927-8525

Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA08
TAX-PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT

FOR BEVERAGE USE

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 17

Timetable:

Action

Date

FR Cite

NPRM

12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda W. Chapman

Phone: 202 927-8181

Fax: 202 927-8525

Email: linda.chapman@ttb.gov

RIN: 1513-AA37

Page 23100

Department of the Treasury (TREAS)

Completed Actions

Alcohol and Tobacco Tax and Trade Bureau (TTB)
WAHLUKE SLOPE VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:

Reason

Date

FR Cite

Final Rule

12/07/05

70 FR 72707

Final Rule Effective

01/06/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton

Phone: 415 271-1254

Fax: 707-778-6349

Email: nancy.sutton@ttb.gov

RIN: 1513-AB01
PROHIBITED MARKS ON PACKAGES OF TOBACCO PRODUCTS AND CIGARETTE

PAPERS AND TUBES IMPORTED OR BROUGHT INTO THE UNITED STATES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 275

Completed:

Reason

Date

FR Cite

Withdrawn

02/10/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Linda W. Chapman

Phone: 202 927-8181

Fax: 202 927-8525

Email: linda.chapman@ttb.gov

RIN: 1513-AA14
REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 44

Completed:

Reason

Date

FR Cite

Withdrawn

02/10/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda W. Chapman

Phone: 202 927-8181

Fax: 202 927-8525

Email: linda.chapman@ttb.gov

RIN: 1513-AA26
SHIPMENTS OF TOBACCO PRODUCTS OR CIGARETTE PAPERS OR TUBES WITHOUT

PAYMENT OF TAX

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 40; 27 CFR 275

Completed:

Reason

Date

FR Cite

Withdrawn

02/10/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda W. Chapman

Phone: 202 927-8181

Fax: 202 927-8525

Email: linda.chapman@ttb.gov

RIN: 1513-AA27
PROPOSED RED HILL DOUGLAS COUNTY, OREGON AMERICAN VITICULTURAL

AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:

Reason

Date

FR Cite

Final Rule

10/14/05

70 FR 59996

Final Rule Effective

11/14/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA39
MARKS, LABELS, NOTICES, AND BONDS FOR, AND REMOVAL OF, TOBACCO

PRODUCTS, AND CIGARETTE PAPERS AND TUBES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 40; 27 CFR 275

Completed:

Reason

Date

FR Cite

Withdrawn

02/10/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda W. Chapman

Phone: 202 927-8181

Fax: 202 927-8525

Email: linda.chapman@ttb.gov

RIN: 1513-AA49
IN-TRANSIT STOPS OF TOBACCO PRODUCTS, AND CIGARETTE PAPERS AND

TUBES WITHOUT PAYMENT OF TAX

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 40; 27 CFR 44

Completed:

Reason

Date

FR Cite

Withdrawn

02/10/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda W. Chapman

Phone: 202 927-8181

Fax: 202 927-8525

Email: linda.chapman@ttb.gov

RIN: 1513-AA52
PETITION NO. 2 TO EXPAND THE RUSSIAN RIVER VALLEY VITICULTURAL

AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:

Reason

Date

FR Cite

Final Rule

09/08/05

70 FR 53297

Final Rule Effective

10/11/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

Related RIN: Related to 1513-AA68

RIN: 1513-AA67
PETITION TO ESTABLISH ``TEXOMA'' AS A VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Page 23101

Completed:

Reason

Date

FR Cite

Final Rule

12/07/05

70 FR 72713

Final Rule Effective

01/06/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry

Phone: 540 344-9333

Fax: 540 344-5855

Email: jennifer.berry@ttb.gov

RIN: 1513-AA77
RAMONA VALLEY VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:

Reason

Date

FR Cite

Final Rule

12/07/05

70 FR 72717

Final Rule Effective

01/06/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA94
DOS RIOS VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:

Reason

Date

FR Cite

Final Rule

10/14/05

70 FR 59993

Final Rule Effective

11/14/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton

Phone: 202 927-8210

Fax: 202 927-8525

Email: nancy.sutton@ttb.gov

RIN: 1513-AA95
NIAGARA ESCARPMENT VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:

Reason

Date

FR Cite

Final Rule

09/08/05

70 FR 53300

Final Rule Effective

10/11/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry

Phone: 540 344-9333

Fax: 540 344-5855

Email: jennifer.berry@ttb.gov

RIN: 1513-AA97

BILLING CODE 4810--33--S

Department of the Treasury (TREAS)

Prerule Stage

Comptroller of the Currency (OCC)
ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO A CONSUMER

REPORTING AGENCY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12

USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC 1681s; 15 USC 1681s-2; 15 USC 1681w; 15 USC 6801; 15 USC 6805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: OCC, along with the Board of Governors of the Federal Reserve

System, the Federal Deposit Insurance Corporation, the Office of Thrift

Supervision, the National Credit Union Administration, and the Federal

Trade Commission, has jointly issued an advance notice of proposed rulemaking, section 312 of the FACT Act relating to the accuracy and integrity of the information furnished to a consumer reporting agency and the ability of consumers to dispute information directly with persons that furnish information to a consumer reporting agency.

Timetable:

Action

Date

FR Cite

ANPRM

03/22/06

71 FR 14419

ANPRM Comment Period End

05/22/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney, Senior Attorney, Department of the

Treasury, Comptroller of the Currency, Legislative and Regulatory

Activities Division, 250 E Street SW., Washington, DC 20219

Phone: 202 874-5090

Fax: 202 874-4889

Email: patrick.tierney@occ.treas.gov

RIN: 1557-AC89

Department of the Treasury (TREAS)

Proposed Rule Stage

Comptroller of the Currency (OCC)
REGULATORY BURDEN REDUCTION AND TECHNICAL AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 504; 5 USC 552; 5 USC 554 to 557; 12

USC 1 et seq.; 12 USC 24; 12 USC 24a; 12 USC 71; 12 USC 71a; 12 USC 84; 12 USC 92 to 92a; 12 USC 93 to 93a; 12 USC 161; 12 USC 164; 12 USC 215a-2; 12 USC 215a-3; 12 USC 375a to 375b; 12 USC 481 to 482; 12 USC 484; 12 USC 505; 12 USC 1442; 12 USC 1817 to 1818; 12 USC 1820 to 1821; 12 USC 1831m; 12 USC 1831p-1; 12 USC 1831o; 12 USC 1833e; 12 USC 1867; 12 USC 1951 et seq.; 12 USC 1972; 12 USC 2601 et seq.; 12 USC 2801 et seq.; 12 USC 2901 et seq.; 12 USC 3101 et seq.; 12 USC 3102; 12 USC

Page 23102

3108; 12 USC 3401 et seq.; 12 USC 3909; 12 USC 4717; 15 USC 77uu; 15

USC 78; 15 USC 78o-4; 15 USC 78o-5; 15 USC 78q; 15 USC 78q-1; 15 USC 78s; 15 USC 78u-2; 15 USC 78u-3; 15 USC 78w; 18 USC 641; 18 USC 1905- 1906; 28 USC 2461 note; 29 USC 1204; 31 USC 330; 31 USC 5321; 31 USC 9701; 42 USC 3601; 42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC 4106; 42 USC 4128; 44 USC 3506; 44 USC 3510

CFR Citation: 12 CFR 1 to 5; 12 CFR 7; 12 CFR 9 to 11; 12 CFR 16; 12

CFR 19; 12 CFR 21; 12 CFR 22 to 23; 12 CFR 26 to 28; 12 CFR 31 to 32; 12 CFR 37; 12 CFR 40

Legal Deadline: None

Abstract: This rulemaking would revise the OCC's rules in order to reduce regulatory burden and make technical, clarifying, and conforming changes. The revisions would update part 1 to codify recent OCC precedents and clarify current requirements, make technical changes to parts 4 and 5 to reflect the OCC's recent organizational restructuring; simplify, clarify, and make conforming and technical corrections to the

OCC's corporate application procedures and standards in part 5; conform parts 5, 23, 31 and 32 to the Federal Reserve Board's Regulation W; revise part 7 to clarify and expand the scope of a national bank's authority to act as a guarantor or surety; to update and clarify national bank authority to engage in electronic activities; conform part 9 to regulations adopted by the Securities and Exchange

Commission; streamline certain requirements under part 16; update and make technical corrections to part 37; and amend various parts of title 12 to remove OCC authority over District of Columbia-chartered banks pursuant to the 2004 District of Columbia Omnibus Authorization Act.

Timetable:

Action

Date

FR Cite

NPRM

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas, Special Counsel, Department of the

Treasury, Comptroller of the Currency, Legislative and Regulatory

Activities Division, 250 E Street SW., Washington, DC 20219

Phone: 202 874-5090

Fax: 202 874-4889

Email: heidi.thomas@occ.treas.gov

RIN: 1557-AC79
IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR

FINANCIAL INSTITUTIONS AND CREDITORS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 15 USC 1681c; 15 USC 1681m

CFR Citation: 12 CFR 41

Legal Deadline: None

Abstract: OCC, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift

Supervision (the Federal Banking Agencies), the National Credit Union

Administration, and the Federal Trade Commission are issuing a joint proposal to establish guidelines and regulations to implement section 114 of the FACT Act of 2003. Section 114 requires the Federal Banking

Agencies to jointly issue guidelines for financial institutions and creditors identifying patterns, practices, and specific forms of activity that indicate the possible existence of identity theft. In addition, the Federal Banking Agencies must issue regulations requiring each financial institution and creditor to establish reasonable policies and procedures to implement the guidelines. The regulations must contain a provision requiring a card issuer to notify the cardholder if the card issuer receives a notice of change of address for an existing account, and a short time later receives a request for an additional or replacement card.

Section 315 of the FACT Act requires the Agencies to issue a regulation describing reasonable polices and procedures for a user of consumer credit reports that receives a notice of discrepancy from a consumer reporting agency (CRA), informing the user of a substantial discrepancy between the address for the consumer that the user provided to request the consumer report and the addresses in the file of the CRA. The policies and procedures must enable the user to form a reasonable belief that the user knows the identity of the consumer to whom the consumer report pertains. In addition, the regulation must require a user that establishes a continuing relationship with a consumer to furnish to the consumer reporting agency that provided the notice of discrepancy the correct address of the consumer as part of the information that the user regularly furnishes for the period in which the relationship is established.

Timetable:

Action

Date

FR Cite

NPRM

05/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Deborah Katz, Senior Counsel, Department of the

Treasury, Comptroller of the Currency, Legislative and Regulatory

Activities Division, 250 E Street SW., Washington, DC 20219

Phone: 202 874-5090

Fax: 202 874-4889

Email: deborah.katz@occ.treas.gov

RIN: 1557-AC87
IMPLEMENTATION OF A REVISED BASEL CAPITAL ACCORD (BASEL II)

Priority: Economically Significant. Major status under 5 USC 801 is undetermined.

Legal Authority: 12 USC 93a; 12 USC 3907

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: As part of OCC's ongoing efforts to develop and refine capital standards to ensure the safety and soundness of the national banking system and to implement statutory requirements, OCC is amending various provisions of the capital rules for national banks. This change involves the implementation of the new framework for the Basel Capital

Accord (Basel II). OCC is conducting this rulemaking jointly with the other Federal Banking Agencies.

Timetable:

Action

Date

FR Cite

ANPRM

08/04/03

68 FR 45900

NPRM

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Page 23103

Agency Contact: Ron Shimabukuro, Special Counsel, Department of the

Treasury, Comptroller of the Currency, Legislative and Regulatory

Activities Division, 250 E Street SW., Washington, DC 20219

Phone: 202 874-5090

Fax: 202 874-4889

Email: ron.shimabukuro@occ.treas.gov

Related RIN: Split from 1557-AB14

RIN: 1557-AC91
RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES;

CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

Priority: Other Significant

Legal Authority: 12 USC 93a; 12 USC 3907

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: As part of OCC's ongoing efforts to develop and refine the capital standards to enhance their risk sensitivity and ensure the safety and soundness of the national banking system, OCC is proposing to amend various provisions of the capital rules. This change involves the amendment of the current risk-based capital rules for those banks that will not qualify to use the new Basel Capital Accord (Basel II) capital framework. OCC is conducting this rulemaking jointly with the other Federal Banking Agencies.

Timetable:

Action

Date

FR Cite

ANPRM

10/20/05

70 FR 61068

ANPRM Comment Period End

01/18/06

NPRM

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Laura Goldman, Counsel, Department of the Treasury,

Comptroller of the Currency, Legislative and Regulatory Activities

Division, 250 E Street SW., Washington, DC 20219

Phone: 202 874-5090

Fax: 202 874-4889

Email: laura.goldman@occ.treas.gov

RIN: 1557-AC95
RISK-BASED CAPITAL STANDARDS: MARKET RISK

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 12 U.S.C. 1 et seq; 12 U.S.C. 93a; 12 U.S.C. 161; 12

U.S.C. 1818; 12 U.S.C. 3907; 12 U.S.C. 3909

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: As part of the ongoing effort to implement the Basel II capital framework, the OCC is proposing to amend the current market risk capital requirements for national banks. See the International

Convergence of Capital Measurement and Capital Standards: A Revised

Framework (June 2004) and the Application of Basel II to Treading

Activities and the Treatment of Double Default (April 2005). This proposal is part of a joint Agency notice of proposed rule with the other Federal Banking Agencies to make the current market risk capital requirements generally more risk sensitive with respect to the capital treatment of trading activities in banks and bank holding companies.

Specifically, the Federal Banking Agencies propose to require banks to hold additional capital for the risk of default of trading positions beyond the 10-day horizon currently required by the current market risk capital requirement. A bank may develop its own approach or use an approach similar to that for credit risk of its non-trading positions to calculate the capital charge.

Timetable:

Action

Date

FR Cite

NPRM

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ron Shimabukuro, Special Counsel, Department of the

Treasury, Comptroller of the Currency, Legislative and Regulatory

Activities Division, 250 E Street SW., Washington, DC 20219

Phone: 202 874-5090

Fax: 202 874-4889

Email: ron.shimabukuro@occ.treas.gov

RIN: 1557-AC99

Department of the Treasury (TREAS)

Final Rule Stage

Comptroller of the Currency (OCC)
FAIR CREDIT REPORTING: AFFILIATE MARKETING REGULATIONS

Priority: Other Significant. Major status under 5 USC 801 is undetermined.

Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12

USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC 1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805; PL 108-159

CFR Citation: 12 CFR 41

Legal Deadline: Other, Statutory, September 4, 2004, See section 214 of the FACT Act, PL 108-159.

Abstract: OCC plans to issue a rulemaking that would implement the affiliate-sharing provisions of section 214 of the Fair and Accurate

Credit Transactions Act (FACT Act). The regulation would implement the consumer notice and opt-out provisions of the FACT Act regarding the sharing of consumer information among affiliates for marketing purposes.

Timetable:

Action

Date

FR Cite

NPRM

07/15/04

69 FR 42502

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney, Senior Attorney, Department of the

Treasury, Comptroller of the Currency, Legislative and Regulatory

Activities Division, 250 E Street SW., Washington, DC 20219

Phone: 202 874-5090

Fax: 202 874-4889

Email: patrick.tierney@occ.treas.gov

RIN: 1557-AC88

Page 23104
ASSESSMENT OF FEES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 12 USC 93a; 12 USC 481; 12 USC 482; 12 USC 1867; 12

USC 3102; 12 USC 3108; 15 USC 78c; 15 USC 78l

CFR Citation: 12 CFR 8

Legal Deadline: None

Abstract: OCC is planning to issue a final rule to revise the current process of assessment invoicing in part 8. Under the rule, OCC, rather than each national bank, will calculate the semiannual assessment fee.

The fee will be due by March 31 and September 30 of each year, 2 months later than under the current system. OCC will notify each national bank of the amount of its assessment and will automatically deduct that amount from each bank's designated bank account on the payment due date. The rule makes no changes to the method of calculating the assessments.

Timetable:

Action

Date

FR Cite

Interim Final Rule

11/17/05

70 FR 69641

Interim Final Rule Comment

Period End

12/19/05

Final Action

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jean Campbell, Senior Attorney, Department of the

Treasury, Comptroller of the Currency, Legislative and Regulatory

Activities Division, 250 E Street SW., Washington, DC 20219

Phone: 202 874-5090

Fax: 202 874-4889

Email: jean.campbell@occ.treas.gov

RIN: 1557-AC96

Department of the Treasury (TREAS)

Long-Term Actions

Comptroller of the Currency (OCC)
RECORDKEEPING REQUIREMENTS FOR BANK EXCEPTIONS FROM SECURITIES

BROKER OR DEALER REGISTRATION

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:

Action

Date

FR Cite

NPRM

To Be

Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stuart E. Feldstein

Phone: 202 874-5090

Fax: 202 874-4889

Email: stuart.feldstein@occ.treas.gov

RIN: 1557-AB93
INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY

NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 40

Timetable:

Action

Date

FR Cite

ANPRM

12/30/03

68 FR 75164

ANPRM Comment Period End

03/29/04

NPRM

To Be

Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas

Phone: 202 874-5090

Fax: 202 874-4889

Email: heidi.thomas@occ.treas.gov

RIN: 1557-AC80

Department of the Treasury (TREAS)

Completed Actions

Comptroller of the Currency (OCC)
FAIR CREDIT REPORTING: USE OF MEDICAL INFORMATION

Priority: Other Significant

CFR Citation: 12 CFR 41

Completed:

Reason

Date

FR Cite

Final Action

11/22/05

70 FR 70664

Correction

12/22/05

70 FR 75931

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney

Phone: 202 874-5090

Fax: 202 874-4889

Email: patrick.tierney@occ.treas.gov

RIN: 1557-AC85
SECURITIES BORROWING TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 3

Completed:

Reason

Date

FR Cite

Final Action

02/22/06

71 FR 8932

Final Action Effective

02/22/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ron Shimabukuro

Phone: 202 874-5090

Fax: 202 874-4889

Email: ron.shimabukuro@occ.treas.gov

Related RIN: Split from 1557-AB14

RIN: 1557-AC90
ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 4; 12 CFR 19

Page 23105

Completed:

Reason

Date

FR Cite

Final Action

11/17/05

70 FR 69633

Final Action Effective

12/17/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mitchell Plave

Phone: 202 874-5090

Fax: 202 874-4889

Email: mitchell.plave@occ.treas.gov

RIN: 1557-AC94
DISTRICT OF COLUMBIA-CHARTERED BANKS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1-3; 12 CFR 5; 12 CFR 8; 12 CFR 10-11; 12 CFR 16; 12 CFR 19; 12 CFR 21 to 22; 12 CFR 26 to 28; 12 CFR 40

Completed:

Reason

Date

FR Cite

Merged With 1557-AC79

11/01/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas

Phone: 202 874-5090

Fax: 202 874-4889

Email: heidi.thomas@occ.treas.gov

RIN: 1557-AC97
SECURITIES OFFERING DISCLOSURE RULES; NONPUBLIC OFFERINGS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 16

Completed:

Reason

Date

FR Cite

Merged With 1557-AC79

11/01/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jean Campbell

Phone: 202 874-5090

Fax: 202 874-4889

Email: jean.campbell@occ.treas.gov

RIN: 1557-AC98

BILLING CODE 4830--01--S

Department of the Treasury (TREAS)

Proposed Rule Stage

Internal Revenue Service (IRS)
CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 1203 of the Tax Reform Act of 1986 amends section 904(f) by adding paragraph (f)(5) at the end thereof, which requires that foreign source losses with respect to any income category first offset a taxpayer's other foreign source income before such losses offset the taxpayer's U.S. source income. The regulation will provide rules for the allocation of foreign source losses.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209044-89 (INTL-338-89)

Drafting attorney: Richard L. Chewning (202) 622-3850

Reviewing attorney: Barbara A. Felker (202) 622-3850

CC:INTL

Agency Contact: Richard L. Chewning, Senior Counsel, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3850

RIN: 1545-AM11
OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The income tax regulations under section 367(a) will be amended to reflect the changes made to that section by the Technical and Miscellaneous Corrections Act of 1988. Section 367(a)(5) now provides that a transfer of assets to a foreign corporation in an exchange described in section 361 is subject to section 367(a)(1), unless certain ownership requirements and other conditions are met. The regulations will provide guidance regarding the application of this section. The change in the statute was necessitated by the repeal of

``General Utilities.''

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209006-89 (INTL-089-89)

Drafting attorney: Milton Cahn (202) 622-3860

Reviewing attorney: Charles P. Besecky (202) 622-3860

CC:INTL

Agency Contact: Milton M. Cahn, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3860

RIN: 1545-AM97
FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 953

CFR Citation: 26 CFR 1

Legal Deadline: None

Page 23106

Abstract: This regulation will provide substantive and procedural rules regarding the election under section 953(d) to treat certain controlled foreign corporations engaged in the insurance business as domestic corporations.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208980-89 (INTL-765-89)

Drafting attorney: Valerie A. Mark-Lippe (202) 622-3840

Reviewing attorney: Phyllis Marcus (202) 622-3840

CC:INTL

Agency Contact: Valerie A. Mark-Lippe, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

RIN: 1545-AO25
TAXATION OF GLOBAL TRADING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864; 26 USC 482; 26 USC 863

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will improve the taxation of global trading.

Timetable:

Action

Date

FR Cite

ANPRM

08/28/90

55 FR 35152

NPRM

03/06/98

63 FR 11177

NPRM Comment Period End

06/04/98

Hearing

07/14/98

Second NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208299-90 (INTL-70-90)

Drafting attorney: Theodore D. Setzer (202) 622-3870

Reviewing attorney: Paul S. Epstein (202) 622-3870

Treasury attorney: Patricia Brown (202) 622-1781

CC:INTL

Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3870

RIN: 1545-AP01
INFORMATION REPORTING AND RECORD MAINTENANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7801; 26 USC 6038C

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will implement the directives of section 6038C. This will be accomplished by requiring foreign corporations engaged in a U.S. business to provide specific information regarding related party transactions.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208265-90 (INTL-102-90)

Drafting attorney: Gregory A. Spring (202) 622-3870

Reviewing attorney: Paul S. Epstein (202) 622-3870

Treasury attorney: Andrew Froberg (202) 622-1779

CC:INTL

Agency Contact: Gregory A. Spring, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3870

RIN: 1545-AP10
DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations define the term ``highly compensated employee'' under section 414(q) of the Code. Temporary and proposed regulations, under sections 414(q) and 414(s), were published February 19, 1988 (53 FR 4965). Final regulations, under section 414(s), were published September 19, 1991 (56 FR 47659), under project EE-129-86.

The regulations under 414(q) were split off from project EE-129-86. It is anticipated that proposed regulations under section 414(q) will be published in the future under project REG-209558-92 (EE-32-92).

Timetable:

Action

Date

FR Cite

NPRM

02/19/88

53 FR 4999

NPRM Comment Period End

04/19/88

Partially Closed by TD 8548

06/27/94

59 FR 32911

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Federalism: Undetermined

Additional Information: REG-209558-92

Drafting attorney: Christopher A. Crouch (202) 622-6090

Reviewing attorney: E. Preston Rutledge (202) 622-6090

Treasury attorney: W. Thomas Reeder (202) 622-1341

CC: TEGE

Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

CC: TEGE: EB: QP1, Washington, DC 20224

Phone: 202 622-6090

Fax: 202 927-1851

Email: christopher.a.crouch@ irscounsel.treas.gov

RIN: 1545-AQ74
INTEGRATED FINANCIAL TRANSACTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Page 23107

Legal Deadline: None

Abstract: The regulation addresses whether funding raised for a securities dealing and/or trading operation, and whether matched book sale and repurchase transactions conducted by securities dealers qualify as integrated financial transactions under section 1.861-10(c).

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209604-93 (INTL-001-93)

Drafting attorney: Theodore D. Setzer (202) 622-3870

Reviewing attorney: Paul S. Epstein (202) 622-3870

Treasury attorney: Patricia Brown (202) 622-1781

CC:INTL

Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3870

RIN: 1545-AR20
APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide attribution rules for foreign trusts with respect to foreign personal holding companies, foreign passive investment companies, and controlled foreign corporations.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism: Undetermined

Additional Information: REG-252774-96

Drafting attorney: M. Grace Fleeman (202) 622-3880

Reviewing attorney: Elizabeth Karzon (202) 622-3880

CC:INTL

Agency Contact: M. Grace Fleeman, Senior Counsel, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3880

RIN: 1545-AU91
SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS OF CONGRESS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 5

Legal Deadline: None

Abstract: This regulation provides rules for the substantiation of

Congress members' travel expenses. The current regulations are out of date because the authorizing legislation was subsequently repealed.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105513-97

Drafting attorney: George Baker (202) 622-4930

Treasury attorney: Eric San Juan (202) 622-0224

CC: ITA

Agency Contact: George B. Baker, Branch Chief, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4930

RIN: 1545-AV55
RULES FOR SOURCING CERTAIN TRANSPORTATION INCOME, SPACE, OR OCEAN

ACTIVITY INCOME, AND RELATED FOREIGN BASE COMPANY SHIPPING INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance for application of the source rules for transportation income under section 863(c).

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-115557-98

Drafting attorney: Patricia A. Bray and David L. Lundy (202) 622-3880

Reviewing attorney: Elizabeth U. Karzon (202) 622-3880

Treasury attorney: Gretchen Sierra (202) 622-1755

CC:INTL

Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3880

RIN: 1545-AX02
GUIDANCE ON COST RECOVERY IN THE ENTERTAINMENT INDUSTRY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the application of the income forecast method under section 167(g) of the Internal Revenue Code.

Timetable:

Action

Date

FR Cite

NPRM

05/31/02

67 FR 38025

Second NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Page 23108

Government Levels Affected: None

Additional Information: REG-103823-99

Drafting attorney: Bernard P. Harvey, III (202) 622-3110

Reviewing attorney: Charles B. Ramsey (202) 622-3110

Treasury attorney: George Manousos (202) 622-0865

CC:PSI

Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3110

RIN: 1545-AX12
INSPECTION OF WRITTEN DETERMINATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation amends Treasury Regulation sections 301.6110- 1 through 301.6110-7 relating to written determinations.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113129-98

Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570

Reviewing attorney: Donald Squires (202) 622-4570

Treasury attorney: Michael Desmond (202) 622-1981

CC:PA:DPL

Agency Contact: Deborah C. Lambert-Dean, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4570

RIN: 1545-AX40
AWARDING OF COSTS AND CERTAIN FEES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7430

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed amendments to the Treasury Regulations incorporate the 1997 and 1998 amendments to 26 U.S.C. 7430, relating to the awarding of attorney's fees in administrative and court proceedings. The amendments to 26 U.S.C. 7430 were enacted under the

Taxpayer Relief Act of 1997 and the IRS Restructuring and Reform Act of 1998.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111833-99

Drafting attorney: Tami C. Belouin (202) 622-3847

Reviewing attorneys: Susan T. Mosley (202) 622-7950 and Henry S.

Schneiderman (202) 622-3400

Treasury attorney: Michael Desmond (202) 622-1981

CC:PA:APJ

Agency Contact: Tami C. Belouin, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3847

RIN: 1545-AX46
HIGHLY COMPENSATED EMPLOYEE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide the definition of highly compensated employee.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111277-99

Drafting attorney: Christopher A. Crouch (202) 622-6090

Reviewing attorney: E. Preston Rutledge (202) 622-6090

CC: TEGE

Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

CC: TEGE: EB: QP1, Washington, DC 20224

Phone: 202 622-6090

Fax: 202 927-1851

Email: christopher.a.crouch@ irscounsel.treas.gov

RIN: 1545-AX48
DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION 1297

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1297

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation defines a passive foreign investment company

(PFIC) under section 1297(a) and the terms ``passive income'' and

``passive asset'' under section 1297(b). The regulation will also set forth the exceptions to the terms ``passive income'' and ``passive asset,'' and provide guidance on the applicability of the look-through rule under section 1297(c), in cases involving PFICs that own 25 percent or more of a lower-tier foreign subsidiary. In addition, the regulation will provide guidance under section 1297(e), regarding the overlap rule between a controlled foreign corporation and a PFIC.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100427-00

Drafting attorney: Ethan A. Atticks (202) 622-3840

Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840

Page 23109

Treasury attorney: David Ernick (202) 622-1754

CC:INTL

Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

RIN: 1545-AX78
CLARIFICATION OF FOREIGN-BASED COMPANY SALES INCOME RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 954

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies when a controlled foreign corporation cannot exclude sales income from foreign-based company sales income under the manufacturing exception by reason of activities of a contract manufacturer. Likewise, the branch rule under IRC section 954(d)(2) does not apply to a contract manufacturer.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106356-00

Drafting attorney: Valerie A. Mark-Lippe (202) 622-3840

Reviewing attorney: Phyllis E. Marcus (202) 622-3840

CC:INTL

Agency Contact: Valerie A. Mark-Lippe, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

RIN: 1545-AX91
TAXABLE YEARS OF CONTROLLED FOREIGN CORPORATIONS (CFCS) AND

FOREIGN PERSONAL HOLDING COMPANIES (FPHCS)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 898

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide definitions and rules for determining the required year for certain CFCs.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108523-00

Drafting attorney: Jeffrey L. Vinnik (202) 622-3840

Reviewing attorney: Phyllis Marcus (202) 622-3840

CC:INTL

Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

RIN: 1545-AY30
DOLLAR-VALUE LIFO

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 472; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance under the dollar-value last-in, first-out (LIFO) inventory method for taxpayers that define

LIFO items based on components of cost.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107580-00

Drafting attorney: Scott H. Rabinowitz (202) 622-4970

Reviewing attorney: Jeffery G. Mitchell (202) 622-4970

Treasury attorney: Sharon Kay (202) 622-0865

CC:ITA

Agency Contact: Scott H. Rabinowitz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4970

RIN: 1545-AY39
SPECIAL RULES RELATING TO TRANSFERS OF INTANGIBLES TO FOREIGN

CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the income tax consequences relating to the transfer of intangibles to foreign corporations.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism: Undetermined

Additional Information: REG-106877-00

Drafting attorney: Tracy D. Perry (202) 622-3860

Reviewing attorney: Thomas D. Beem (202) 622-3860

Treasury attorney: David Ernick (202) 622-1754

CC:INTL

Agency Contact: Tracy D. Perry, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3860

RIN: 1545-AY41

Page 23110
PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 959

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the determination of previously taxed earnings and profits under subpart F.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-121509-00

Drafting attorney: Jeffrey L. Vinnik (202) 622-3840

Reviewing attorney: Phyllis E. Marcus (202) 622-3840

CC:INTL

Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

RIN: 1545-AY54
LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 357; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations relate to the assumption of liabilities in certain corporate transactions under section 357 of the

Internal Revenue Code, and affect corporations and their shareholders.

Timetable:

Action

Date

FR Cite

ANPRM

05/06/03

68 FR 23931

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100818-01

Drafting attorney: Douglas C. Bates (202) 622-7550

Reviewing attorney: Debra Carlisle (202) 622-7550

CC: COR

Agency Contact: Douglas C. Bates, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7550

RIN: 1545-AY74
DISCLOSURE OF RETURNS AND RETURN INFORMATION IN JUDICIAL AND

ADMINISTRATIVE TAX PROCEEDINGS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6103; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This proposed rule relates to the disclosure of returns and return information in judicial and administrative tax proceedings pursuant to 26 U.S.C. 6103(h)(4).

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120297-01

Drafting attorney: Sarah Tate (202) 622-4570

Reviewing attorney: Donald M. Squires (202) 622-4570

Treasury attorney: Michael Desmond (202) 622-1981

CC: PA: DPL

Agency Contact: Sarah Tate, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4570

RIN: 1545-AY89
TRANSACTIONS INVOLVING OBLIGATIONS OF CONSOLIDATED GROUP MEMBERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations are in regard to intercompany obligations.

Timetable:

Action

Date

FR Cite

NPRM

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107592-00

Drafting attorney: Frances L. Kelly (202) 622-7072

Reviewing attorney: Michael J. Wilder (202) 622-3393

CC: COR

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7072

Email: frances.l.kelly@irscounsel.treas.gov

Related RIN: Related to 1545-AW30

RIN: 1545-BA11
DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will update and clarify the general rules for deductibility of employer contributions to qualified retirement plans and other deferred compensation arrangements.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Page 23111

Government Levels Affected: None

Additional Information: REG-139449-01

Drafting attorney: Linda S.F. Marshall (202) 622-6090

Reviewing attorney: Mark Schwimmer (202) 622-6090

Treasury attorney: Thomas Reeder (202) 622-1341

CC:TEGE

Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6090

RIN: 1545-BA13
SUSPENSION OF STATUTES OF LIMITATION IN JOHN DOE AND THIRD-PARTY

SUMMONS DISPUTES, AND EXPANSION OF TAXPAYERS' RIGHTS TO RECEIVE NOTICE

AND SEEK JUDICIAL REVIEW OF THIRD PARTY SUMMONSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7603; 26 USC 7609; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The proposed regulation provides guidance regarding modified rules for serving summonses on third-party recordkeepers, the broadened range of summonses subject to the notice requirements, and the suspension of limitations periods when court actions are brought or when a summoned third party fails to fully respond to a summons. This proposed regulation incorporates the changes enacted in the Internal

Revenue Service Restructuring and Reform Act of 1998, Omnibus Budget

Reconciliation Act of 1990, Technical and Miscellaneous Revenue Act of 1988, and the Tax Reform Act of 1986. This regulation is a continuation of the regulation project previously numbered at REG-208225-88.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-153037-01

Drafting attorney: Elizabeth D. Rawlins (202) 622-3600

Reviewing attorney: Peter J. Devlin (202) 622-3600

Treasury attorney: Michael Desmond (202) 622-1981

CC: PA: CBS

Agency Contact: Elizabeth D. Rawlins, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3600

RIN: 1545-BA31
ALLOCATION AND APPORTIONMENT RULES: GUIDANCE ON SELECTED ISSUES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 863

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance with respect to the allocation and apportionment under section 861 of selected deductions, e.g., disaster losses and research and experimentation expenses.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128240-01

Drafting attorney: Teresa B. Hughes (202) 622-3850

Reviewing attorney: Anne O. Devereaux (202) 622-3850

Treasury attorney: John Harrington (202) 622-0589

CC:INTL

Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3850

RIN: 1545-BA64
ALLOCATION OF NEW MARKETS TAX CREDIT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 45D; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will address how the section 45D new markets tax credit should be allocated to the partners of a partnership under section 704(b) of the Internal Revenue Code and will address related partnership issues.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-131999-02

Drafting attorney: James A. Quinn (202) 622-3070

CC: PSI

Agency Contact: James A. Quinn, Senior Counsel, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3070

RIN: 1545-BA84
SECTION 1248 ATTRIBUTION PRINCIPLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the manner in which earnings and profits are attributed to shares under sections 1248 and 367.

Timetable:

Action

Date

FR Cite

NPRM

05/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-135866-02

Drafting attorney: Michael I. Gilman (202) 622-3850

Page 23112

Reviewing attorney: Richard L. Chewning (202) 622-3850

Treasury attorney: Gretchen Sierra (202) 622-1755

CC:INTL

Agency Contact: Michael I. Gilman, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20024

Phone: 202 622-3850

RIN: 1545-BA93
GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will facilitate electronic tax administration.

Timetable:

Action

Date

FR Cite

NPRM

12/08/05

70 FR 72954

Hearing

04/04/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-137243-02

Drafting attorney: Dillon Taylor (202) 622-4940

Reviewing attorney: Ashton P. Trice (202) 622-4940

Treasury attorney: Michael Desmond (202) 622-1981

CC:PA:APJ

Agency Contact: Dillon Taylor, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Room 5127,

Washington, DC 20224

Phone: 202 622-4940

Fax: 202 622-1585

Email: dillon.j.taylor@irscounsel.treas.gov

RIN: 1545-BA96
COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 4251; 26 USC 7805

CFR Citation: 26 CFR 49

Legal Deadline: None

Abstract: This regulation provides a definition of taxable communications services under section 4251.

Timetable:

Action

Date

FR Cite

ANPRM

07/02/04

69 FR 40345

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-137076-02

Drafting attorney: Taylor Cortright (202) 622-3130

Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez

(202) 622-3000

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: Taylor Cortright, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3130

RIN: 1545-BB04
ACCRUAL RULES FOR CREDITABLE FOREIGN TAXES AND GUIDANCE ON CHANGE

IN TAXABLE YEAR

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will clarify the rules for determining when a creditable foreign tax accrues and may be claimed as a credit, and will provide guidance for determining the allowable foreign tax credit upon a change in the U.S. taxable year.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-144597-02

Drafting attorney: Teresa B. Hughes (202) 622-3850

Reviewing attorney: Barbara A. Felker (202) 622-3850

CC:INTL

Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3850

RIN: 1545-BB27
APPLICATION OF SEPARATE LIMITATIONS TO DIVIDENDS FROM

NONCONTROLLED SECTION 902 CORPORATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 904(d)(6)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The American Jobs Creation Act of 2004 amended the foreign tax credit limitation rules under section 904(d) and extended lookthrough treatment to dividends paid by a 10/50 lookthrough corporation, generally effective retroactively for tax years beginning after December 31, 2002. These regulations would provide guidance needed to comply with these changes, including transition rules for dividends paid by a 10/50 lookthrough corporation.

Timetable:

Action

Date

FR Cite

NPRM

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144784-02

Drafting attorney: Ginny Y. Chung (202) 622-3850

Reviewing attorney: Barbara Felker (202) 622-3850

CC:INTL

Agency Contact: Ginny Y. Chung, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3850

RIN: 1545-BB28

Page 23113
AMENDING THE LOW-INCOME HOUSING TAX CREDIT PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations are amendments to the general public use requirements in the low-income housing tax credit program.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-151145-02

Drafting attorney: Jack Malgeri (202) 622-3040

Reviewing attorney: Paul Handleman (202) 622-3040

Treasury attorney: Sharon Kay (202) 622-0865

CC:PSI

Agency Contact: Jack Malgeri, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3040

RIN: 1545-BB37
SUBSTITUTE DIVIDEND PAYMENTS IN SECURITIES LENDING AND SIMILAR

TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7701; 26 USC 863

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to taxation of cross-border and foreign-to-foreign substitute dividend payments in securities lending and similar transactions.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-130751-01

Drafting attorney: Theodore D. Setzer (202) 622-3870

Reviewing attorney: David Bowen (202) 622-3800

CC:INTL

Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3870

RIN: 1545-BB56
LOSS ON SUBSIDIARY STOCK

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 337(d); 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance to corporations that are members of an affiliated group filing a consolidated income tax return and that own stock of a subsidiary. The regulations will provide rules relating to the loss allowed on a disposition of subsidiary and stock, to the reduction of the subsidiary's attributes.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157711-02

Drafting attorney: Martin T. Huck (202) 622-7216

Reviewing attorney: Theresa Abell (202) 622-4117

CC: COR

Agency Contact: Martin T. Huck, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7216

RIN: 1545-BB61
LIQUIDATION OF AN INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2704(b); 26 USC 7805

CFR Citation: 26 CFR 25

Legal Deadline: None

Abstract: This regulation relates to additional rules for determining when restrictions on liquidation are disregarded in valuing an interest under section 2704 of the Internal Revenue Code.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163113-02

Drafting attorney: John MacEachen (202) 622-7830

Reviewing attorney: George Masnik (202) 622-3090

Treasury attorney: Catherine Hughes (202) 622-9407

CC: PSI

Agency Contact: John MacEachen, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7830

RIN: 1545-BB71
REMIC RESIDUALS--TIMING OF INCOME FOR FOREIGN HOLDERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 860G(b); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations under 26 U.S.C. 860G(b) will govern the recognition of income associated with REMIC residual interests that is allocated to foreign person, including a foreign partner in a U.S. partnership.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-159929-02

Drafting attorney: Arturo Estrada (202) 622-3900

Page 23114

Treasury attorneys: Andrew Froberg (202) 622-1779

Michael Novey (202) 622-1339

CC: FI

Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3900

RIN: 1545-BB84
DEPENDENT CARE CREDIT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 21; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The notice of proposed rulemaking will amend existing but partially obsolete regulations under 26 U.S.C. 21 relating to dependent care credits.

Timetable:

Action

Date

FR Cite

NPRM

10/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139059-02

Drafting attorney: Sara P. Shepherd (202) 622-4960

Reviewing attorney: William A. Jackson (202) 622-4960

CC:ITA

Agency Contact: Sara P. Shepherd, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4231, Washington, DC 20224

Phone: 202 622-4960

RIN: 1545-BB86
GENERAL ALLOCATION AND ACCOUNTING REGULATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules for the allocation of and accounting for bond proceeds for purposes of determining whether bonds are private activity bonds under section 141 of the Internal Revenue

Code.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: State

Federalism: Undetermined

Additional Information: REG-140379-02

Drafting attorney: Johanna Som de Cerff (202) 622-3980

CC: TEGE

Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer,

Department of the Treasury, Internal Revenue Service, 1111 Constitution

Avenue NW, Washington, DC 20224

Phone: 202 622-3980

RIN: 1545-BC07
UTILITY ALLOWANCE REGULATION UPDATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will modify and update utility allowance regulations under section 1.42-10, which provides for an alternative method for computing utility allowances under section 1.42- 10(b)(4)(ii). Also, the regulation will provide for annual updates of utility allowances.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128274-03

Drafting attorney: David Selig (202) 622-3040

Reviewing attorney: Paul Handleman (202) 622-3040

Treasury attorney: Sharon Kay (202) 622-0865

CC: PSI

Agency Contact: David Selig, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3040

RIN: 1545-BC22
ADDITIONAL GUIDANCE REGARDING MARK-TO-MARKET ACCOUNTING FOR

TRADERS IN SECURITIES AND/OR COMMODITIES, INCLUDING FOREIGN CURRENCY

INSTRUMENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 988(a)(1)(B)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides additional rules relating to the trader mark-to-market election: 1) The coordination of income character rules of the mark-to-market regime with the capital election under section 988(a)(1)(B); 2) the definition of commodities for purposes of section 475; and 3) the application of the mark-to-market rules for traders that trade both securities and commodities in a single business.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-135660-03

Drafting attorney: Camille B. Evans (202) 622-3800

Reviewing attorney: Paul S. Epstein (202) 622-3870

Treasury attorney: Andrew Froberg (202) 622-1779

CC:INTL

Agency Contact: Camille B. Evans, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3800

RIN: 1545-BC48

Page 23115
STEWARDSHIP EXPENSES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The current regulations under section 1.861-8(e)(4), titled

``Stewardship Expenses Attributable to Dividends Received,'' are confusing and subject to misuse by taxpayers. In conjunction with the proposed services regulations under section 482, it is proposed to revise these regulations to clarify the parameters of stewardship expenses, thereby demarcating them from shareholder activities under section 482 and supportive expenses under section 1.861-8T(b)(3).

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-138603-03

Drafting attorney: David F. Bergkuist (202) 622-3850

Reviewing attorney: Anne O. Devereaux (202) 622-3850

Treasury attorney: David Ernick (202) 622-1754

CC:INTL

Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3850

RIN: 1545-BC52
COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: Internal Revenue Code section 7654 contains provisions for coordination of United States and certain possessions income taxes.

Specifically, section 7654 provides for ``cover over'' of the net collection of taxes imposed under chapter 1 or deducted and withheld under chapter 24. Section 7654 of the Internal Revenue Code of 1986 provides specific rules for cover over with regard to the possessions

American Samoa and the U.S. Virgin Islands.

Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606, provides specific rules for cover over with regard to the possessions

Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954

Code remains applicable to Guam and the NMI because neither of these two possessions has an effective implementing agreement with the United

States, in accordance with the Tax Reform Act of 1986, Public Law 99- 514.

The regulations will provide rules under both the 1954 Code and the 1986 Code versions of section 7654.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-139900-03

Drafting attorney: Javier G. Salinas (202) 435-5262

Reviewing attorney: Ricardo A. Cadenas (202) 435-5262

Treasury attorney: Gretchen Sierra (202) 622-1755

CC: INTL

Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 435-5262

Related RIN: Related to 1545-BD32

RIN: 1545-BC54
GUIDANCE UNDER SECTION 2053 REGARDING POST-DEATH EVENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 20

Legal Deadline: None

Abstract: These regulations relate to the amount deductible under section 2053(a)(3) of the Internal Revenue Code. The regulations will affect estates of decedents where claims exist against the decedent's estate.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism: Undetermined

Additional Information: REG-143316-03

Drafting attorney: DeAnn K. Malone (202) 622-3112

Reviewing attorney: Melissa Liquerman (202) 622-7830

Treasury attorney: Cathy Hughes (202) 622-9407

CC:PSI

Agency Contact: DeAnn K. Malone, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3112

RIN: 1545-BC56
BELOW-MARKET LOANS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 7872(h)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations relate to the Federal income tax consequences of certain below-market loans.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Page 23116

Additional Information: REG-209226-84

Drafting attorney: David B. Silber (202) 622-3930

Reviewing attorney: William Blanchard (202) 622-3950

Treasury attorney: Viva Hammer (202) 622-0869

CC:FI

Agency Contact: David B. Silber, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3930

RIN: 1545-BC78
REGULATIONS GOVERNING THE PERFORMANCE OF ACTUARIAL SERVICES UNDER

THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 29 USC 1241; 26 USC 7805

CFR Citation: 20 CFR 901

Legal Deadline: None

Abstract: Regulations governing the performance of actuarial service under the Employee Retirement Income Security Act of 1974 (ERISA). The regulations will cover the qualifications required for enrollment, continuing education requirements for enrolled actuaries, professional standards for the performance of actuarial services under ERISA, the grounds for disciplinary action against an enrolled actuary, and the procedures to be followed in taking disciplinary actions.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159704-03

Drafting attorney: Michael J. Roach (202) 622-6090

CC:TEGE

Agency Contact: Michael J. Roach, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6090

RIN: 1545-BC82
REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF

ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation concerns the disclosure of corporate tax information to the Bureau of Economic Analysis, Department of Commerce.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148864-03

Drafting attorney: Melinda K. Fisher (202) 622-4580

CC: PA: DPL

Agency Contact: Melinda K. Fisher, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20024

Phone: 202 622-4580

RIN: 1545-BC93
GUIDANCE REGARDING THE ACTIVE TRADE OR BUSINESS REQUIREMENT UNDER

SECTION 355(B)

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed rulemaking will provide guidance regarding the active trade or business requirement under section 355(b).

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-123365-03

Drafting attorney: Russell P. Subin (202) 622-7790

Reviewing attorney: Richard Coss (202) 622-7790

CC: COR

Agency Contact: Russell P. Subin, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7790

RIN: 1545-BC94
ACCUMULATED ADJUSTMENT ACCOUNT AND OTHER CORPORATE SEPARATIONS

UNDER SECTION 355

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will amend the current regulations under section 1.1368-2 in order to address the proper treatment of an S corporation's accumulated adjustment account in a section 355 transaction not preceded by a section 368(a)(1)(D) reorganization.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-168722-03

Drafting attorney: Deane M. Burke (202) 622-3070

Reviewing attorney: James Quinn (202) 622-3070

CC:PSI

Agency Contact: Deane M. Burke, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3070

RIN: 1545-BC98

Page 23117
SUPPORT TEST IN THE CASE OF A CHILD OF DIVORCED PARENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 152; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will update section 1.152-4.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-149856-03

Drafting attorney: Victoria J. Driscoll (202) 622-4920

Reviewing attorney: Stephen J. Toomey (202) 622-4920

Treasury attorney: Eric San Juan (202) 622-0224

CC: ITA

Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4920

Fax: 202 622-6853

RIN: 1545-BD01
DEFINITION OF QUALIFIED FOREIGN CORPORATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805(a); 26 USC 1

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Notice 2003-79, section 5, published on December 15, 2003, states that the IRS intends to issue regulations, for years after 2003, that provide procedures for a foreign corporation to certify that it is a qualified foreign corporation for purposes of IRC section 1(h)(11)(C). (Temporary rules provided in Notice 2003-79 were subsequently extended by Notice 2004-71, published on November 8, 2004, and by Notice 2006-3, published January 17, 2006.) The regulations will also provide procedures for certifying that a security that is not a common or ordinary share is equity rather than debt; that a foreign company is entitled to benefits under a comprehensive income tax treaty where a security is not readily tradable on a recognized U.S. stock exchange; and that the foreign corporation is not a PFIC in the taxable year in which a dividend is paid, or in the preceding taxable year. The regulations are also expected to address the meaning of the requirement in the legislative history that to qualify under a treaty for purposes of 1(h)(11) ``substantially all of . . .[the foreign corporation's] income in the taxable year in which the dividend is paid'' must qualify for treaty benefits.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107420-04

Drafting attorney: David L. Lundy (202) 622-3880

Reviewing attorney: Elizabeth U. Karzon (202) 622-3880

Treasury attorney: Andrew D. Froberg (202) 622-1779

CC:INTL

Agency Contact: David L. Lundy, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3880

RIN: 1545-BD15
REMIC INTEREST-ONLY REGULAR INTERESTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These rules relate to the proper timing of income or deduction attributable to an interest-only regular interest in a Real

Estate Mortgage Investment Conduit (REMIC).

Timetable:

Action

Date

FR Cite

ANPRM

08/25/04

69 FR 52212

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106679-04

Drafting attorney: Kathleen Sleeth (202) 622-3920

Reviewing attorney: Dale Collinson (202) 622-3920

Treasury attorney: Michael Novey (202) 622-1339

CC:FI

Agency Contact: Kathleen Sleeth, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3920

RIN: 1545-BD18
SECTION 42 QUALIFIED CONTRACT PROVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation under sections 42(h)(6)(F) and 42(h)(6)(K) will provide guidance for provisions relating to qualified contracts.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-114084-03

Drafting attorney: Jack Malgeri (202) 622-3040

Reviewing attorney: Susan Reaman (202) 622-3040

Treasury reviewer: Sharon Kay (202) 622-0865

CC: PSI

Agency Contact: Jack Malgeri, Attorney-Advisor, Department of the

Page 23118

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3040

RIN: 1545-BD20
PAYMENTS FOR WHICH NO RETURN OF INFORMATION IS REQUIRED UNDER

SECTION 6041

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 6041; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation will remove section 1.6041-3(g) of the Income Tax Regulations.

Timetable:

Action

Date

FR Cite

NPRM

11/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147136-03

Drafting attorney: William Kostak (202) 622-4910

Reviewing attorney: James C. Gibbons (202) 622-7085

Treasury attorney: John Parcell (202) 622-2578

CC: PA: APJ

Agency Contact: William M. Kostak, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4910

RIN: 1545-BD21
DEFINITION OF DISQUALIFIED PERSON

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations provide certain changes to the definition of a disqualified person under section 1.1031-1(k) of the income tax regulations to facilitate the ability of banks and bank affiliates to act as qualified intermediaries in section 1031 exchanges.

Timetable:

Action

Date

FR Cite

NPRM

11/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-160005-03

Drafting attorney: Brendan P. O'Hara (202) 622-4920

Reviewing attorney: Steven Toomey (202) 622-4920

Treasury attorney: Matthew Lay (202) 622-1788

CC: ITA

Agency Contact: Brendan P. O'Hara, Attorney Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4920

RIN: 1545-BD28
TRANSFERS OF RESTRICTED STOCK

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 83; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations address the application of section 83 to the transfer of substantially nonvested stock to a related person.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-127147-04

Drafting attorney: Stephen B. Tackney (202) 622-6030

Treasury attorney: Dan Hogans (202) 622-1332

CC: TEGE

Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4030, Washington, DC 20224

Phone: 202 622-6030

Fax: 202 622-7865

Email: stephen.b.tackney@irscounsel.treas.gov

Related RIN: Related to 1545-BD45

RIN: 1545-BD44
CLASSIFICATION OF INDIAN TRIBAL CORPORATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7701; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance regarding classification of Indian Tribal Corporations for Federal tax purposes.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism: Undetermined

Additional Information: REG-136069-04

Drafting attorney: Barbara Campbell (202) 622-3050

Reviewing attorney: Dianna Miosi (202) 622-3050

CC:PSI

Agency Contact: Barbara Campbell, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3050

RIN: 1545-BD61
DECLARATORY JUDGMENT--GIFT TAX VALUE

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7477; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations relating to the redetermination of value of

Page 23119

certain gifts in a declaratory judgment action.

Timetable:

Action

Date

FR Cite

NPRM

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism: Undetermined

Additional Information: REG-143716-04

Drafting attorney: Juli Ro Kim (202) 622-3090

Reviewing attorney: George Masnik (202) 622-3090

Treasury attorney: Cathy Hughes (202) 622-9407

CC: PSI

Agency Contact: Juli Ro Kim, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3090

RIN: 1545-BD67
REGULATIONS UNDER SECTION 706 REGARDING DETERMINATION OF

DISTRIBUTIVE SHARE WHEN A PARTNER'S INTEREST CHANGES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 706; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules regarding the determination of a partner's distributive share when the partner's interest changes.

Timetable:

Action

Date

FR Cite

NPRM

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144689-04

Drafting attorney: Laura C. Fields (202) 622-3050

Reviewing attorney: David Haglund (202) 622-3050

Treasury attorney: Matthew Lay (202) 622-1788

CC: PSI

Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3050

RIN: 1545-BD71
SHAREHOLDER'S BASIS IN STOCK OF AN S CORPORATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 1367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules relating to the determination of a shareholder's basis in stock of an S corporation.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-144859-04

Drafting attorney: Stacy L. Short (202) 622-3070

Reviewing attorney: Christine Ellison (202) 622-3070

Treasury attorney: Matthew Lay (202) 622-1788

CC:PSI

Agency Contact: Stacy L. Short, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3070

RIN: 1545-BD72
GUIDANCE UNDER SECTION 707(C) REGARDING GUARANTEED PAYMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 707; 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will modify the regulations under section 707(c) to address certain situations involving guaranteed payments to partners.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144694-04

Drafting attorney: Jason T. Smyczek (202) 622-3050

Reviewing attorney: David Haglund (202) 622-3050

Treasury attorney: Matthew Lay (202) 622-1788

CC: PSI

Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3050

RIN: 1545-BD74
UPDATE AND REVISION OF TREASURY REGULATION SECTIONS 1.381(C)(4)

AND (5)-1

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 381(c)(4); 26 USC 381(c)(5); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed amendments will focus on how to determine the principal accounting method; how taxpayers will procedually change when they're not permitted to use or prefer not to use the principal accounting method; how taxpayers will reflect the difference in computing taxable income when they change their accounting methods; reconciling Treasury Regulation section 1.381(c)(4) language, terms, and conditions with Treasury Regulation section 1.381(c)(5); and reordering, simplifying, and indexing Treasury Regulation sections 1.381 (c)(4) and (5).

Page 23120

Timetable:

Action

Date

FR Cite

NPRM

10/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-151884-03 and REG-151887-03

Drafting attorney: Cheryl L. Oseekey (202) 622-4970

Reviewing attorney: Jeffery G. Mitchell (202) 622-4970

Treasury attorney: Sharon Kay (202) 622-0865

CC: ITA

Agency Contact: Cheryl L. Oseekey, General Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4970

RIN: 1545-BD81
AMENDMENTS TO 26 CFR SECTION 1.263(A)-5 REGARDING TREATMENT OF

CAPITALIZED COSTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 263(a); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The IRS and Treasury Department intend to propose regulations to address the treatment of amounts that facilitate certain tax-free and taxable transactions and other restructurings and that are required to be capitalized under section 263(a) and section 1.263(a)-5.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143640-04

Drafting attorney: Angella L. Warren (202) 622-4950

Reviewing attorney: Glenn Bogdonoff (202) 622-4950

Treasury attorneys: Sharon Kay (202) 622-0865 and George Manousos (202) 622-1335

CC: ITA

Agency Contact: Angella L. Warren, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4950

RIN: 1545-BD82
GUIDANCE REGARDING SELECTED ISSUES UNDER SECTION 336(E)

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 336; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will address the circumstances in which a corporation that owns stock in another corporation, meeting the requirements of section 1504(a)(2), and sells, exchange, or distributes a disposition of the assets of such other corporation.

Timetable:

Action

Date

FR Cite

NPRM

07/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143544-04

Drafting attorney: Mark Weiss (202) 622-7790

Reviewing attorney: Ken Cohen (202) 622-7790

CC: COR

Agency Contact: Mark Weiss, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7790

RIN: 1545-BD84
DEFINITION OF THE ``DUE DATE'' FOR PURPOSES OF CALCULATING

OVERPAYMENT INTEREST UNDER SECTION 301.6611(H)

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6611; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: These regulations will amend 26 CFR section 301.6611-1(h) to clarify the allowance for overpayment interest in cases in which an overpayment is credited against an underpayment.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148576-04

Drafting attorney: Tatiana Belenkaya (202) 622-4910

Reviewing attorney: Pamela W. Fuller (202) 622-4910

CC: PA: APJ

Agency Contact: Tatiana L. Belenkaya, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4910

RIN: 1545-BD86
REDUCTION OF FUEL EXCISE TAX EVASION

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: Changes to tax on aviation grade kerosene and other excise taxes related to taxable fuels.

Timetable:

Action

Date

FR Cite

NPRM

09/00/06

Regulatory Flexibility Analysis Required: Undetermined

Page 23121

Government Levels Affected: Undetermined

Federalism: Undetermined

Additional Information: REG-153838-04

Drafting attorney: Deborah Karet (202) 622-3130

Reviewing attorney: Frank Boland (202) 622-3130 and Lewis Fernandez

(202) 622-3000

Treasury attorney: John Parcell (202) 622-2578

CC: PSI

Agency Contact: Deborah Karet, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3130

RIN: 1545-BE03
ELIMINATION OF COUNTRY-BY-COUNTRY REPORTING TO SHAREHOLDERS OF

FOREIGN TAXES PAID BY REGULATED INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6031

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will generally eliminate country-by-country reporting to shareholders of foreign source income and foreign taxes paid by a regulated investment company (RIC). A RIC will continue to report this information directly to the IRS. The regulations will affect certain RICs that pay foreign taxes and their shareholders.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105248-04

Drafting attorney: Susan T. Baker (202) 622-3930

Treasury attorneys: John Harrington (202) 622-0589

Michael Novey (202) 622-1339

CC: FI

Agency Contact: Susan T. Baker, Assistant to the Branch Chief,

Department of the Treasury, Internal Revenue Service, 1111 Constitution

Avenue NW, Washington, DC 20224

Phone: 202 622-3930

RIN: 1545-BE09
INTRA-GROUP GROSS RECEIPTS UNDER SECTION 41

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 41; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will address the treatment of intra- group transactions in the determination of a controlled group's gross receipts for purposes of the section 41 research credit.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-159420-04

Drafting attorney: Brenda M. Stewart (202) 622-3120

Reviewing attorney: Leslie H. Finlow (202) 622-3120

Treasury attorney: Sharon Kay (202) 622-0865

CC: PSI

Agency Contact: Brenda M. Stewart, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3120

RIN: 1545-BE14
CAPITALIZATION OF AMOUNTS PAID TO REPAIR OR IMPROVE TANGIBLE

PROPERTY

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will clarify the extent to which taxpayers must capitalize expenditures to repair, improve, or rehabilitate tangible property.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-168745-03

Drafting attorney: Kimberly L. Koch (202) 622-7739

Reviewing attorney: Robert M. Casey (202) 622-4950

Treasury attorney: Sharon Kay (202) 622-0865

CC:ITA

Agency Contact: Kimberly L. Koch, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7739

Fax: 202 622-7241

RIN: 1545-BE18
FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS

CREATION ACT OF 2004 (AJCA)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1301; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The project will amend the farm income averaging regulations under section 1.1301-1 to include the concept of fishing business.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-161695-04

Drafting attorney: Amy J. Pfalzgraf (202) 622-4950

Treasury attorney: John Cross (202) 622-2578

CC: ITA

Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the

Page 23122

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4950

Related RIN: Related to 1545-BE39

RIN: 1545-BE23
SECTION 6011 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations are an update to the taxpayer disclosure regulations for reportable transactions under section 1.6011-4.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103038-05

Drafting attorney: Tara P. Volungis (202) 622-3080

Reviewing attorney: Christine Ellison (202) 622-3080

Treasury attorney: Michael Desmond (202) 622-1981

CC: PSI

Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3080

Related RIN: Related to 1545-BE25

RIN: 1545-BE24
SECTION 6111 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6111; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: These regulations are for section 6111, as revised under the

American Jobs Creation Act of 2004, which will provide the rules for material advisors regarding disclosure of reportable transactions.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103039-05

Drafting attorney: Tara P. Volungis (202) 622-3080

Reviewing attorney: Christine Ellison (202) 622-3080

Treasury attorney: Michael Desmond (202) 622-1981

CC:PSI

Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3080

Related RIN: Related to 1545-BE27

RIN: 1545-BE26
SECTION 6112 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6112; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations are an update to the list maintenance regulations under section 6112 to take into account changes to the statute made in the ``American Jobs Creation Act of 2004.''

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103043-05

Drafting attorney: Tara P. Volungis (202) 622-3080

Reviewing attorney: Christine Ellison (202) 622-3080

Treasury attorney: Michael Desmond (202) 622-1981

CC: PSI

Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3080

Related RIN: Related to 1545-BE29

RIN: 1545-BE28
TRACTORS, TRAILERS, TRUCKS, AND TIRES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: This project will provide guidance on trucks, tractors, trailers, and tires in light of legislative changes and litigation.

Timetable:

Action

Date

FR Cite

NPRM

09/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism: Undetermined

Additional Information: REG-103380-05

Drafting attorney: Celia Gabrysh (202) 622-3130

Reviewing attorneys: Barbara Franklin (202) 622-3130 and Lewis

Fernandez (202) 622-3000

Treasury attorney: John Parcell (202) 622-2578

CC: PSI

Agency Contact: Celia A. Gabrysh, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3130

RIN: 1545-BE31
RELEASE OF LIEN OR DISCHARGE OF PROPERTY

Priority: Info./Admin./Other

Legal Authority: 26 USC 6325; 26 USC 6503; 26 USC 7426; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations that reflect the enactment of sections 6325(b)(4), 7426(a)(4) and (b)(5), and 6503(f)(2) of the IRS

Restructuring and Reform Act of 1998, giving third-party

Page 23123

owners of property administrative and judicial remedies to discharge tax liens from their property.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-159444-04

Drafting attorney: Debra A. Kohn (202) 622-3620

Reviewing attorney: Lawrence Schattner (202) 622-3620

Treasury attorney: Michael Desmond (202) 622-1981

CC: PA: CBS

Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3620

Email: debra.akohn@irscounsel.treas.gov

RIN: 1545-BE35
FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS

CREATION ACT OF 2004 (AJCA) (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1301; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The project will amend the farm income averaging regulations under section 1.1301-1 to include the concept of fishing business.

Timetable:

Action

Date

FR Cite

Temporary Regulation

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-161695-04

Drafting attorney: Amy J. Pfalzgraf (202) 622-4950

Treasury attorney: John Parcell (202) 622-2578

CC: ITA

Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4950

Related RIN: Related to 1545-BE23

RIN: 1545-BE39
DEFINITION OF DEPENDENT AND OTHER RELATED PROVISIONS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 152

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This project will update regulations under sections 2, 151, 152, and other sections of the Internal Revenue Code that refer to the definition of ``dependent'' in section 152, as amended by the Working

Families Tax Relief Act of 2004.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106682-05

Drafting attorney: Victoria J. Driscoll (202) 622-4920

Reviewing attorney: Michael J. Monterurro (202) 622-4920

Treasury attorney: Eric San Juan (202) 622-0224

CC: ITA

Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4920

Fax: 202 622-6853

RIN: 1545-BE40
BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE

PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 9501; 26 USC 7804; PL 105-206, sec 1201; PL 105- 206, sec 1204; 26 USC 7805; . . .

CFR Citation: 26 CFR 801

Legal Deadline: None

Abstract: The IRS will issue a notice of proposed rulemaking to accompany temporary regulations amending 26 CFR part 801 to remove limitations on use of quantity measures in measuring and evaluating organizational and employee performance, and to add examples of proper use of quantity measures and records of tax enforcement results.

Timetable:

Action

Date

FR Cite

NPRM

10/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-114444-05

Drafting attorney: Karen Keller (202) 283-7919

Reviewing attorney: Neil B. Worden (202) 283-7911

Treasury attorney: Michael Desmond (202) 622-1981

CC:GLS:CL

Agency Contact: Karen Keller, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-7919

Related RIN: Related to 1545-BE46

RIN: 1545-BE45
INFORMATION RETURNS REQUIRED WITH RESPECT TO CERTAIN FOREIGN

CORPORATIONS AND OTHER CONFORMING CHANGES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Page 23124

Abstract: This regulation will provide guidance regarding accounting methods and penalties under section 6038.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-109512-05

Drafting attorney: Kate Y. Hwa (202) 622-3840

Reviewing attorney: Phyllis Marcus (202) 622-3840

Treasury attorney: John Harrington (202) 622-0589

CC:INTL

Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

RIN: 1545-BE47
SPECIAL DEPRECIATION ALLOWANCE--EXTENDED PLACED-IN-SERVICE DATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provides rules relating to property that is eligible for extended placed-in-service date for purposes of the first year depreciation allowance.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120914-05

Drafting attorney: Patrick S. Kirwan (202) 622-3110

Reviewing attorney: Kathleen Reed (202) 622-3110

Treasury reviewer: George Manousos (202) 622-1335

CC:PSI

Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3110

Related RIN: Related to 1545-BE56

RIN: 1545-BE55
RESEARCH EXPENDITURES RESULTING IN INVENTORY PROPERTY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 174; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the treatment, under section 174, of amounts paid or incurred for the direct labor and materials used to construct property to be sold to third parties.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-124148-05

Drafting attorney: Nicole R. Cimino (202) 622-3120

Reviewing attorney: Leslie Finlow (202) 622-3120

Treasury attorney: Sharon Kay (202) 622-0865

CC:PSI

Agency Contact: Nicole R. Cimino, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3120

RIN: 1545-BE64
SECTION 401(A)(4) GUIDANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 401; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide additional guidance on satisfying the section 401(a)(4) nondiscrimination requirement with respect to benefits or contributions.

Timetable:

Action

Date

FR Cite

NPRM

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-127586-05

Drafting attorney: Christopher A. Crouch (202) 622-6090

Reviewing attorney: Linda S. Marshall (202) 622-6090

Treasury attorney: Harlan Weller (202) 622-1001

CC: TEGE

Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

CC: TEGE: EB: QP1, Washington, DC 20224

Phone: 202 622-6090

Fax: 202 927-1851

Email: christopher.a.crouch@ irscounsel.treas.gov

RIN: 1545-BE69
INFORMATION REPORTING ON REAL ESTATE TRANSACTIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 6011; 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation amends 26 CFR section 1.6045-4 of the Income

Tax Regulations by providing that a sale or exchange of an interest in timber for an outright or a lump sum amount is subject to information reporting under 26 U.S.C. section 6045(e).

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-155669-04

Drafting attorney: Tatiana Belenkaya (202) 622-4910

Reviewing attorney: James C. Gibbons (202) 622-4910

CC:PA:APJ

Agency Contact: Tatiana L. Belenkaya, Attorney, Department of the

Treasury,

Page 23125

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-4910

RIN: 1545-BE73
START-UP AND ORGANIZATIONAL EXPENDITURES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 195; 26 USC 248; 26 USC 709; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations implement the changes to sections 195, 248, and 709 of the Internal Revenue Code, made by section 902 of the American Jobs Creation Act of 2004 (Pub. L. No. 108-357). Under the

Act, a corporate taxpayer may elect to deduct up to $5000 of start-up expenditures and $5000 of organizational expenditures in the taxable year in which the trade or business begins. The remainder of the start- up or organizational expenditures are allowed as deductions ratably over the 180-month period beginning with the month the corporation begins business. Similar rules are provided for organizational and syndication fees for partnerships.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-164965-04

Drafting attorney: Grace K. Matuszeski (202) 622-7900

Treasury attorney: George Manousos (202) 622-1335

CC: ITA

Agency Contact: Grace Matuszeski, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7900

RIN: 1545-BE77
FOREIGN CURRENCY CONTRACT DEFINED (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1256(g)(2); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations relates to the definition of a foreign currency contract for purposes of section 1256(g)(2) of the Internal

Revenue Code.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120934-05

Drafting attorney: Stephen J. Coleman (202) 622-6289

CC:FI

Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6289

Related RIN: Related to 1545-BE82

RIN: 1545-BE83
LIFE/NON-LIFE TACKING RULE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7805; 26 USC 1503(c); 26 USC 1504(c)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations address the tacking rule requirement relating to the separation of profit and loss activities.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133036-05

Drafting attorney: Ross E. Poulsen (202) 622-7770

CC: COR

Agency Contact: Ross E. Poulsen, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7770

RIN: 1545-BE85
TARGETED POPULATIONS UNDER SECTION 45D(E)(2)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 450; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance under section 45D regarding how an entity meets the requirements to be a qualified active low- income community business for purposes of the new markets tax credit when its activities involve targeted populations.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-142339-05

Drafting attorney: Lauren R. Taylor (202) 622-3040

Reviewing attorney: Susan Reaman (202) 622-3040

Treasury attorney: Sharon Kay (202) 622-0865

CC:PSI

Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Room 5111, Washington, DC 20224

Phone: 202 622-3040

Fax: 202 622-4753

RIN: 1545-BE89
RAILROAD TRACK MAINTENANCE CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on claiming the railroad track

Page 23126

maintenance credit under section 45G of the Internal Revenue Code.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-142270-05

Drafting attorney: Charles J. Magee (202) 622-3110

Reviewing attorney: Kathleen Reed (202) 622-3110

Treasury attorney: Sharon Kay (202) 622-0865

CC: PSI

Agency Contact: Charles Magee, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224

Phone: 202 622-3110

Fax: 202 622-4779

Related RIN: Related to 1545-BE91

RIN: 1545-BE90
S CORPORATION GUIDANCE UNDER AMERICAN JOBS CREATION ACT OF 2004

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1361; 26 USC 1362; 26 USC 1366; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation revises S corporation regulations under section 1361 and other affected code sections to reflect provisions of

(AJCA) ``American Jobs Creation Act of 2004'' & GOZA, including family shareholder rules under Act section 231; also updates or replaces obsolete references in regulations.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143326-05

Drafting attorney: Bradford R. Poston (202) 622-3060

CC:PSI: 2

Agency Contact: Bradford R. Poston, Senior Counsel, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3060

RIN: 1545-BE95
CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 179B of the

Internal Revenue Code relating to EPA sulfur.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-143453-05

Drafting attorney: Douglas Kim (202) 622-3110

Reviewing attorney: Kathleen Reed (202) 622-3110

Treasury attorney: John Parcell (202) 622-2578

CC: PSI

Agency Contact: Douglas Kim, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3110

Related RIN: Related to 1545-BE97

RIN: 1545-BE96
DISALLOWANCE OF PARTNERSHIP LOSS TRANSFERS AND BASIS REDUCTION IN

STOCK OF A CORPORATE PARTNER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 734; 26 USC 743; 26 USC 755; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations intend to provide guidance under sections 704, 734, 743, and 755 as amended by the American Jobs

Creation Act of 2004 regarding the disallowance of certain partnership loss transfers, and no reduction of basis in stock held by a partnership in a corporate partner.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism: Undetermined

Additional Information: REG-144468-05

Drafting attorneys: Barbara J. Campbell and Sean I. Kahng (202) 622- 3050

CC:PSI

Agency Contact: Sean I. Kahng, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3050

Barbara Campbell, Attorney-Advisor, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3050

RIN: 1545-BE98
SECTION 704(C) AND 737 REGULATIONS UPDATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 704; 26 USC 737

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed rule will modify regulations under sections 704 and 737 consistent with Notice 2005-15.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Page 23127

Additional Information: REG-143397-05

Drafting attorney: Laura C. Fields (202) 622-3050

Reviewing attorney: Beverly Katz (202) 622-3050

Treasury attorney: Matthew Lay (202) 622-1788

CC:PSI

Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3050

Heather L. Faught, Attorney-Advisor, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3060

RIN: 1545-BE99
CAFETERIA PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 125

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations on cafeteria plans (employee welfare benefit plans allowing employees to choose between taxable benefits and nontaxable benefits (e.g., employer-provided accident and health plans, group term life insurance or dependent care assistance programs).

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-142695-05

Drafting attorney: Elizabeth A. Purcell (202) 622-6080

Reving attorney: Harry Beker (202) 622-6080

Treasury attorney: Kevin Knopf (202) 622-2329

CC: TEGE

Agency Contact: Elizabeth A. Purcell, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6080

Related RIN: Related to 1545-BF01

RIN: 1545-BF00
ELECTION TO EXPENSE CERTAIN REFINERIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 179C

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide guidance under section 179C of the Internal Revenue

Code.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-146895-05

Drafting attorney: Charles Magee (202) 622-3110

Reviewing attorney: Kathleen Reed (202) 622-3110

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: Charles Magee, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224

Phone: 202 622-3110

Fax: 202 622-4779

Related RIN: Related to 1545-BF06

RIN: 1545-BF05
CREDIT CARD CLAIMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6416

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: Refunds of excise taxes on exempt sales of fuel by credit card.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-147282-05

Drafting attorney: Taylor Cortright (202)622-3130

Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez

(202) 622-3000

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: Taylor Cortright, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3130

RIN: 1545-BF07
NUCLEAR DECOMMISSIONING COST

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Proposed regulations under the Energy tax Incentives Act of 2005 concerning nuclear decommissioning costs.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147290-05

Drafting attorney: Bernard P. Harvey (202) 622-3110

Reviewing attorney: Peter C. Friedman (202) 622-3110

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3110

Related RIN: Related to 1545-BF09

RIN: 1545-BF08

Page 23128
CLEAN RENEWABLE ENERGY BONDS

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-58 sec 1303(d); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Newly added section 54 of the Code allows certain specified entities to issue Clean Renewable Energy Bonds. Taxpayers who purchase these bonds are entitled to a credit against income tax in lieu of receiving interest payments from the Clean Renewable Energy Bond issuers. These regulations explain the requirements for issuing the bonds and for claiming the tax credit.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Local, State, Tribal

Additional Information: REG-148071-05

Drafting attorney: Aviva M. Roth (202) 622-3980

Reviewing attorney: Timothy L. Jones (202) 622-1380

Treasury attorney: John Cross (202) 622-1322

CC: TEGE

Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013,

Washington, DC 20224

Phone: 202 622-3980

Email: aviva.m.roth@irscounsel.treas.gov

Related RIN: Related to 1545-BF12

RIN: 1545-BF11
FEDERAL INCOME TAX CONSEQUENCES OF TRANSFERS

BETWEEN AN INDIVIDUAL DEBTOR AND THE BANKRUPTCY ESTATE IN CASES UNDER

CHAPTERS 7 AND 11 OF TITLE 11 OF THE UNITED STATES CODE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed notice of proposed rulemaking designates as non- taxable certain asset transfers between individual debtors and their bankruptcy estates that occur at the commencement of the bankruptcy case, after commencement and before termination of the bankruptcy estate, and upon the termination of the estate. The regulations provide specific rules governing the succession of tax attributes by the estate and the debtor in connection with these non-taxable transfers. The regulations also define the section 1398 phrase ``termination of the estate.''

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-116372-03

Drafting attorney: Laurence K. Williams (202) 622-3600

Reviewing attorney: Michael Gompertz (202) 622-3620

Treasury attorney: Michael Desmond (202) 622-1981

CC: PA: CBS

Agency Contact: Laurence K. Williams, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3600

RIN: 1545-BF13
RULES UNDER SECTION 302 OF THE KATRINA

EMERGENCY TAX RELIEF ACT OF 2005

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-73, sec 302; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules relating to the $500 deduction from taxable income allowed under section 302 of the Katrina

Emergency Tax Relief Act of 2005 (KETRA) to individuals for housing a

Hurricane Katrina displaced individual.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-152043-05

Drafting Attorney: Marnette M. Myers (202) 622-4920

CC: ITA

Agency Contact: Marnette M Myers, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224

Phone: 202 622-4920

RIN: 1545-BF14
REVISION OF TREASURY REGULATION SECTION 1.1561- 3 TO COMPLY WITH COMMISSIONER'S E-FILE PROGRAM AND WITH THE

RECOMMENDATIONS OF TIGTA REPORT

Priority: Info./Admin./Other

Legal Authority: 26 USC 1561; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: A proposed regulation under Treasury Regulation section 1.1561-3(b) will delete the current requirements of that regulation that each component member of a controlled group of corporations (as defined in I.R.C. section 1563(a) files: (1) With its service center an original signed statement consenting to an unequal allocation of the income tax bracket amount among all the members of the group and (2) with its return each year a copy of such consent. These requirements are not compatible with the Commissioner's e-file program (which cannot accept signatures, other than electronic signatures for forms, and which can only with great difficulty and cost accept copies of taxpayer-prepared documents). The project proposes to amend Treasury

Regulation section1.1561-3(b) to require that such component members file a form (to be developed concurrently with this project) providing the information which will allow the IRS to determine if the allocation is correct. The new form also addresses concerns slated in a recent

TIGTA Report that component members were not properly allocating the tax bracket amount and that the IRS did not have the information to determine whether or not the allocation was correct.

Page 23129

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-134317-05

Drafting attorney: Grid R. Glyer (202) 622-7930

Reviewing attorney: Steve Hankin (202) 622-7930

CC: COR

Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-7930

RIN: 1545-BF16
ALCOHOL FUEL AND BIODIESEL

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 6426; 26 USC 6427(e); 26 USC 40 A; 26 USC 40; 26 USC 34; 26 USC 7805

CFR Citation: 48 CFR 6425; 48 CFR 6427

Legal Deadline: None

Abstract: Sections 40A,6426, and 6427(e) were added to the Internal

Revenue Code (Code) by the American Jobs Creation Act of 2004 (Pub. L. 108-357)(ACT). The Act also amended section 40 of the Code. These Code provisions relate to credits for alcohol and biodiesel used as a fuel and credits and payments for alcohol fuel and biodiesel mixtures. The regulations will provide guidance on these Code sections.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-155087-05

Drafting attorney: Susan Athy (202) 622-3130

Reviewing attorney: Frank Boland (202) 622-3130 and Lewis Fernandez

(202) 622-3000

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: Susan Athy, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3130

RIN: 1545-BF17
CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR

POWER FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 45J

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Regulations will provide guidance for implementation of new section 45J; in particular, regulations will provide a certification process for approval and allocation of the national megawatt limitation.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-157616-05

Drafting attorney: Patrick S. Kirwan (202) 622-3110

CC:PSI

Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3110

Related RIN: Related to 1545-BF20

RIN: 1545-BF19
PROCEDURES FOR ADMINISTRATIVE REVIEW OF A

DETERMINATION THAT AN AUTHORIZED RECIPIENT HAS FAILED TO SAFEGUARD

FEDERAL TAX RETURNS OR RETURN INFORMATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Treasury regulation section 301.6103(p)(7)-1 is withdrawn.

The NPRM and cross-referenced temporary regulation provide the notice, appeal, and disclosure termination procedures applicable to authorized recipients of Federal tax returns and return information who fail to provide proper safeguarding of the information.

Timetable:

Action

Date

FR Cite

NPRM

02/24/06

71 FR 9487

NPRM Comment Period End

05/25/06

Final Action

02/00/09

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157271-05

Drafting attorney: Melinda K. Fisher (202) 622-4580

Reviewing attorney: Margo L. Stevens (202) 622-4560

CC:PA:DL

Agency Contact: Melinda K. Fisher, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20024

Phone: 202 622-4580

Related RIN: Previously reported as 1545-BF22

RIN: 1545-BF21
SUBCHAPTER S BANKS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1363; 26 USC 7805

CFR Citation: None

Legal Deadline: None

Abstract: Application of special bank rules under section 1363 to S corporation and QSub banks.

Page 23130

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-158677-05

Drafting attorney: Laura C. Fields (202) 622-3050

Reviewing attorney: Dianna Miosi (202) 622-3050

Treasury attorney: Michael Novey (202) 622-1339

CC: PSI

Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3050

RIN: 1545-BF24
REVISION OF REGULATIONS TO COMPLY WITH

COMMISSIONER'S E-FILE PROGRAM

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The project will revise a number of regulations that present impediments to e-filing.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-161919-05

Drafting attorney: Grid R. Glyer (202) 622-7930

Reviewing attorneys: Theresa Abell (202) 622-7700

Marc Countryman (202) 622-7530

Steve Hankin (202) 622-7930

CC: COR

Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-7930

Related RIN: Related to 1545-BF26

RIN: 1545-BF25
DEBT SATISFIED BY A PARTNERSHIP INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 108; 26 USC 704; 26 USC 752; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations to address partnership issues relating to the satisfaction of a debt with a partnership interest.

Timetable:

Action

Date

FR Cite

NPRM

09/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-164370-05

Drafting attorney: Eric Lee (202) 622-3070

Reviewing attorney: Mary Beth Collins (202) 622-3070

Treasury attorney: Matthew Lay (202) 622-1788

CC: PSI

Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3070

RIN: 1545-BF27
TAXPAYER ASSISTANCE ORDERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7811 (a); 26 USC 7805

CFR Citation: 42 CFR 301

Legal Deadline: None

Abstract: Proposed amendments to Treasury Regulation section 301.7811-1 to ensure that the regulation reflects amendments to I.R.C. section 7811.

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-152166-05

Drafting attorney: Robin M. Tuczak (202) 622-3529

CC:NTA

Agency Contact: Robin Tuczak, Technical Advisor to the Special Counsel,

Department of the Treasury, Internal Revenue Service, 1111 Constitution

Avenue NW, Washington, DC 20224

Phone: 202 622-3529

Email: robin.m.tuczak@irscounsel.treas.gov

RIN: 1545-BF33
ACCURACY-RELATED PENALTIES

Priority: Substantive, Nonsignificant

Legal Authority: USC 6662A; USC 6662; USC 6664; 26 USC 7805

CFR Citation: 26 CFR 1.6662A; 26 CFR 1.6662; 26 CFR 1.6664

Legal Deadline: None

Abstract: Proposed regulations regarding the new provisions and amendments made to code sections 6662, 6662A, and 6664 by the American

Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.

Timetable:

Action

Date

FR Cite

NPRM

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160870-04

Drafting attorney: Laura R. Urich (202) 622-4940

CC: PA: APJ

Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4940

Fax: 202 622-1585

Email: laura.r.urich@irscounsel.treas.gov

RIN: 1545-BF40

Page 23131

Department of the Treasury (TREAS)

Final Rule Stage

Internal Revenue Service (IRS)
INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT

INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 936

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules with respect to what constitutes qualified possession source investment income for purposes of the Puerto Rico and possession tax credit.

Timetable:

Action

Date

FR Cite

NPRM

01/21/86

51 FR 2726

Final Action

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-209013-86 (INTL-44-86)

Drafting attorney: Thomas A. Vidano (202) 435-5265

Reviewing attorney: John M. Breen (202) 435-5265

CC:INTL

Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 435-5265

RIN: 1545-AC10
INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6039E

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulation will prescribe under section 6039E the information to be gathered by the State Department and Immigration and

Naturalization Service on passport and green card applicants and the penalties to be imposed on such applicants if they do not supply the information.

Timetable:

Action

Date

FR Cite

NPRM

12/24/92

57 FR 61373

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208274-86 (INTL-978-86)

Drafting attorney: Quyen Huynh (202) 622-3880

Reviewing attorney: Elizabeth U. Karzon (202) 622-3880

CC:INTL

Agency Contact: Quyen Huynh, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3880

RIN: 1545-AJ93
COMPUTATION OF A BRANCH'S TAXABLE INCOME; TAXATION OF EXCHANGE

GAIN OR LOSS ON BRANCH REMITTANCES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to branch rules and how to translate branch income, and the taxation of exchange gain or loss on branch remittances.

Timetable:

Action

Date

FR Cite

NPRM

09/25/91

56 FR 48457

Final Action

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208270-86 (INTL-965-86)

Drafting attorney: Theodore D. Setzer (202) 622-3870

Reviewing attorney: Jeffrey Dorfman (202) 622-3870

Treasury attorney: Andrew Froberg (202) 622-1779

CC:INTL

Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3870

RIN: 1545-AM12
EARNINGS STRIPPING PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation addresses the deductibility of interest under section 163 being limited when paid by a corporation to related persons not subject to U.S. tax.

Timetable:

Action

Date

FR Cite

NPRM

06/18/91

56 FR 27907

Hearing

09/25/91

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209059-89 (INTL-870-89)

Drafting attorney: Theodore Setzer (202) 622-3870

Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870

CC:INTL

Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3870

RIN: 1545-AO24
REGISTRATION REQUIRED OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 165

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will finalize all outstanding proposed regulations under section 1.163-1(b)(2).

Page 23132

Timetable:

Action

Date

FR Cite

NPRM

01/21/93

58 FR 5316

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208245-90 (INTL-115-90)

Drafting attorney: Carl M. Cooper (202) 622-3840

Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840

CC:INTL

Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

RIN: 1545-AP33
MARK-TO-MARKET UPON DISPOSITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 475

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations address the relationship between mark-to- market accounting and accrual of stated interest, discount and premium, and between mark-to-market accounting and the tax treatment of bad debts. The regulations also provide that securities are to be marked to market upon disposition by a dealer and the exemption from marking to market in certain securitization transactions.

Timetable:

Action

Date

FR Cite

NPRM

01/04/95

60 FR 397

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209724-94 (FI-42-94)

Drafting attorney: Stephen J. Coleman (202) 622-6289

Reviewing attorney: Elizabeth Handler (202) 622-3157

Treasury attorneys: Michael Novey (202) 622-1339

Viva Hammer (202) 622-0869

CC:FIP

Sections 1.475(a)-3 finalized in TD 8700. Sections 1.475(b)-4 finalized in TD 8700. Sections 1.475(c)-2 finalized in TD 8700.

Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6289

RIN: 1545-AS85
RECOMPUTATION OF LIFE INSURANCE RESERVES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 816

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will permit recomputation of life insurance reserves that were not originally computed according to the requirements of section 816(b)(1)(A).

Timetable:

Action

Date

FR Cite

NPRM

01/02/97

62 FR 71

Final Action

01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-246018-96

Drafting attorney: Linda Boyd (202) 622-3970

Reviewing attorney: Don Drees (202) 622-3970

CC:FI

Agency Contact: Linda Boyd, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC 20224

Phone: 202 622-3970

RIN: 1545-AU49
AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6159; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations reflect the amendment of I.R.C. section 6159, section 202 of the Taxpayer Bill of Rights 2, which provides that upon request by a taxpayer the Secretary shall provide an independent review of the termination of an installment agreement. The regulations also reflect the amendment to section 6159(c), which guarantees the availability of installment agreements to taxpayers in certain circumstances.

Timetable:

Action

Date

FR Cite

NPRM

12/31/97

62 FR 68241

Second NPRM

01/21/98

63 FR 3186

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100841-97

Drafting attorney: G. William Beard (202) 622-3620

Reviewing attorney: Lawrence Schattner (202) 622-3620

CC:PA:CBS

Agency Contact: G. William Beard, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3620

RIN: 1545-AU97
MARK-TO-MARKET ACCOUNTING FOR DEALERS IN COMMODITIES AND TRADERS

IN SECURITIES AND COMMODITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 475; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance concerning mark-to-market accounting for securities traders and commodities dealers and traders.

Timetable:

Action

Date

FR Cite

NPRM

01/28/99

64 FR 4374

Final Action

09/00/06

Regulatory Flexibility Analysis Required: No

Page 23133

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104924-98

Drafting attorney: Stephen J. Coleman (202) 622-6289

Reviewing attorney: Elizabeth Handler (202) 622-3920

CC:FI

Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6289

RIN: 1545-AW06
STOCKS AND SECURITIES SAFE HARBOR EXCEPTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies and updates the safe harbor that one is not engaged in a trade or business as a result of trading in stocks and securities. The amendment will provide additional guidance regarding the definitions of stocks and securities.

Timetable:

Action

Date

FR Cite

NPRM

06/12/98

63 FR 32164

Hearing

09/09/98

NPRM Comment Period End

09/10/98

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106031-98

Drafting attorney: Theodore D. Setzer (202) 622-3870

Reviewing attorney: Paul S. Epstein (202) 622-3870

CC:INTL

Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3870

RIN: 1545-AW13
INTERCOMPANY OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides clarification of the tax treatment of certain transfers of intercompany obligations by or to a member of a consolidated group.

Timetable:

Action

Date

FR Cite

NPRM

12/18/98

63 FR 70354

NPRM Comment Period End

03/22/99

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105964-98

Drafting attorney: Frances L. Kelly (202) 622-7072

Reviewing attorney: Michael J. Wilder (202) 622-3393

Treasury attorney: None

CC: COR

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7072

Email: frances.l.kelly@irscounsel.treas.gov

Related RIN: Related to 1545-BA11

RIN: 1545-AW30
SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN ACTIVITIES AND FOR

COMMUNICATIONS INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 863

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide source rules for income from certain space and ocean activities under section 863(d) and communications income under section 863(a), (d), and (e).

Timetable:

Action

Date

FR Cite

NPRM

01/17/01

66 FR 3903

Hearing

05/23/01

66 FR 12916

Second NPRM

09/19/05

70 FR 54859

Hearing

12/15/05

70 FR 54859

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106030-98

Drafting attorney: Edward R. Barret (202) 622-3880

Reviewing attorney: Anne Shelburne (202) 435-5265

Treasury attorney: Gretchen Sierra (202) 622-1755

CC:INTL

Agency Contact: Edward R. Barret, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3880

RIN: 1545-AW50
REPORTING OF PAYMENTS TO ATTORNEYS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides information reporting requirements for payments of gross proceeds made in the course of a trade or business to attorneys in connection with legal services.

Timetable:

Action

Date

FR Cite

NPRM

05/21/99

64 FR 27730

Second NPRM

05/17/02

67 FR 35064

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126024-01

Drafting attorney: Nancy L. Rose (202) 622-4910

Reviewing attorney: James C. Gibbons (202) 622-4910

Treasury attorney: Eric San Juan (202) 622-0224

Page 23134

CC:PA:APJ

Agency Contact: Nancy L. Rose, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4910

RIN: 1545-AW72
STOCK TRANSFER RULES--CARRYOVER OF EARNINGS AND TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance with respect to how earnings and profits and foreign income tax accounts carry over under section 381 and are allocated under section 312 in certain transactions described in section 367(b) of the Internal Revenue Code.

Timetable:

Action

Date

FR Cite

NPRM

11/15/00

65 FR 69138

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116050-99

Drafting attorney: Jeffrey L. Parry (202) 622-3850

Reviewing attorney: Anne Devereaux (202) 622-3850

Treasury attorney: Andrew Froberg (202) 622-0851

CC:INTL

Agency Contact: Jeffrey L. Parry, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3850

RIN: 1545-AX65
ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN OTHER

EXPENSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for the allocation and apportionment of interest expenses and certain other expenses for purposes of the foreign tax credit and certain other international tax provisions.

Timetable:

Action

Date

FR Cite

NPRM

02/05/90

55 FR 3750

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-117608-99

Drafting attorney: David F. Bergkuist (202) 622-3850

Reviewing attorney: Anne O. Devereaux (202) 622-3850

CC:INTL

Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3850

RIN: 1545-AX72
CAPITALIZATION OF INTEREST AND CARRYING CHARGES PROPERLY ALLOCABLE

TO STRADDLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 263; 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will clarify the types of payments that may be ``interest'' or ``carrying charges'' subject to 26 U.S.C. 263(g), clarify the operation of the capitalization rules of 26 U.S.C. 263(g), and also clarify what constitutes ``positions'' and ``losses'' subject to 26 U.S.C. 1092.

Timetable:

Action

Date

FR Cite

NPRM

01/18/01

66 FR 4746

NPRM Comment Period End

05/01/01

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105801-00

Drafting attorney: Mary Brewer (202) 622-3950

Reviewing attorney: Christina Morrison (202) 622-3950

Treasury attorney: Mike Novey (202) 622-1339

CC:FI

Agency Contact: Mary Brewer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3950

RIN: 1545-AX92
AUTHORIZED PLACEMENT AGENCY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 152

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation amends the definition of ``authorized placement agency'' (for purposes of determining whether a child placed for legal adoption in a taxpayer's home is a dependent of the taxpayer) to include biological parents and other persons authorized by State law to place children for legal adoption.

Timetable:

Action

Date

FR Cite

NPRM

11/30/00

65 FR 71277

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107279-00

Drafting attorney: Shareen Pflanz (202) 622-4920

Reviewing attorney: Stephen J. Toomey (202) 622-4920

Treasury attorney: Eric San Juan (202) 622-0224

CC: ITA

Agency Contact: Shareen S. Pflanz, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Page 23135

Phone: 202 622-4920

RIN: 1545-AY18
GUIDANCE ON CHANGES TO THE LAWS FOR CORPORATE ESTIMATED TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6655

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations provide guidance for corporations to compute their estimated tax liabilities.

Timetable:

Action

Date

FR Cite

NPRM

12/12/05

70 FR 73393

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107722-00

Drafting attorney: Joseph Dewald (202) 622-4910

Reviewing attorney: Pamela W. Fuller (202) 622-4910

Treasury attorney: George Manousos (202) 622-1335

CC:PA:APJ

Agency Contact: Joseph P. Dewald, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4910

RIN: 1545-AY22
HIPAA GENERAL NONDISCRIMINATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: These regulations provide guidance regarding the requirements imposed on group health plans not to discriminate in rules for eligibility under the plan on the basis of any health factor, and not to require any individual to pay a higher premium or contribution for coverage under the plan than any similarly situated individual based on any health factor.

Timetable:

Action

Date

FR Cite

NPRM

01/08/01

66 FR 1435

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114082-00

Drafting attorney: Russell Weinheimer (202) 622-6080

Reviewing attorney: Alan Tawshunsky (202) 622-6000

Treasury attorney: Kevin Knopf (202) 622-2329

CC:TEGE

Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6080

RIN: 1545-AY32
HIPAA NONDISCRIMINATION EXCEPTION FOR CHURCH PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7853

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on the exception for certain grandfathered church plans from the general rule requiring group health plans not to discriminate in rules for eligibility on the basis of any health factor.

Timetable:

Action

Date

FR Cite

NPRM

01/10/01

66 FR 1437

Final Action

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114083-00

Drafting attorney: Russell Weinheimer (202) 622-6080

Reviewing attorney: Alan Tawnshunsky (202) 622-6000

Treasury attorney: Kevin Knopf (202) 622-2329

CC:TEGE

Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6080

RIN: 1545-AY33
HIPAA NONDISCRIMINATION EXCEPTION FOR BONA FIDE WELLNESS PROGRAMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance regarding the exception for certain wellness programs to the general rule imposed on group health plans not to require a higher premium or contribution from an individual than from a similarly situated individual based on any health factor.

Timetable:

Action

Date

FR Cite

NPRM

01/08/01

66 FR 1421

Final Action

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114084-00

Drafting attorney: Russell Weinheimer (202) 622-6080

Reviewing attorney: Alan Tawnshunsky (202) 622-6080

Treasury attorney: Kevin Knopf (202) 622-2329

CC:TEGE

Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6080

RIN: 1545-AY34
ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Page 23136

Legal Deadline: None

Abstract: These final regulations will address certain transactions between controlled parties that involve intangibles. The regulations will provide rules for allocation of income and deductions with respect to intangibles pursuant to IRC section 482.

Timetable:

Action

Date

FR Cite

NPRM

09/10/03

68 FR 53447

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115037-00

Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Carol Tan (202) 435-5265

Reviewing attorney: John M. Breen (202) 435-5265

Treasury attorney: David Ernick (202) 622-1754

CC:INTL

Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 435-5265

RIN: 1545-AY38
ELECTION--ASSET ACQUISITIONS OF INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 197; 26 USC 338; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations prescribe the manner in which the various provisions of subchapter L, chapter 1, subtitle A of the Internal

Revenue Code apply to asset acquisitions deemed to occur by reason of a section 338 election as well as to actual acquisitions of insurance company assets subject to section 1060.

Timetable:

Action

Date

FR Cite

NPRM

03/08/02

67 FR 10640

Public Hearing

09/18/02

Final Action

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-118861-00

Drafting attorney: Mark Weiss (202) 622-7790

Reviewing attorney: Victor Penico (202) 622-7750

Treasury attorney: Mark Countryman (202) 622-9859

CC: COR

Agency Contact: Mark Weiss, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7790

RIN: 1545-AY49
NORMALIZATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 167; 26 USC 168; 26 USC 46

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to the sale or deregulation of generation assets.

Timetable:

Action

Date

FR Cite

NPRM

12/21/05

70 FR 75762

Final Action

07/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104385-01

Drafting attorney: David Selig (202) 622-3040

Reviewing attorney: Peter Friedman (202) 622-3110

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: David Selig, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3040

RIN: 1545-AY75
TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1441

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will promulgate Notices 2001-4, 2001-11 and 2001-43 into the section 1441 regulation. Generally, the Notices provide transitional relief with respect to the new withholding regime for qualified intermediaries.

Timetable:

Action

Date

FR Cite

NPRM

03/30/05

70 FR 16189

Final Action

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125443-01

Drafting attorney: Ethan A. Atticks (202) 622-3840

Reviewing attorney: Valerie Mark-Lippe (202) 622-3840

Treasury attorney: Andy Froberg (202) 622-1779

CC:INTL

Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

RIN: 1545-AY92
CONSOLIDATED RETURNS; NONAPPLICABILITY OF SECTION 357(C)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations make amendments to section 1.1502-80(d) of the consolidated return regulations dealing with the scope of the nonapplicability of section 357(c) in a consolidated group.

Timetable:

Action

Date

FR Cite

NPRM

11/14/01

66 FR 57021

Page 23137

Public Hearing

03/21/02

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-137519-01

Drafting attorney: Thomas I. Russell (202) 622-7550

Reviewing attorney: Al Bishop (202) 622-7930

Treasury attorney: None

CC: COR

Agency Contact: Thomas I. Russell, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7550

RIN: 1545-BA09
REDUCTIONS OF ACCRUALS AND ALLOCATIONS BECAUSE OF INCREASED AGE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 411

CFR Citation: 26 CFR 1

Legal Deadline: Final, Statutory, February 1, 1988.

Abstract: These regulations will prescribe rules regarding the requirement that accruals and allocations under qualified retirement plans cannot be reduced because of the attainment of any age.

Timetable:

Action

Date

FR Cite

NPRM

12/11/02

67 FR 76123

Hearing

04/09/03

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-209500-86

Drafting attorney: Linda S.F. Marshall (202) 622-6090

Reviewing attorney: Marjorie Hoffman (202) 622-6090

Treasury attorney: Harlan Weller (202) 622-1001

CC:TEGE

Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6090

Related RIN: Related to 1545-BB79

RIN: 1545-BA10
AMENDMENT TO THE DEFINITION OF REFUNDING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will amend the definition of a refunding issue applicable to tax-exempt bonds issued by State and local governments.

Timetable:

Action

Date

FR Cite

NPRM

04/10/02

67 FR 17310

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG-165706-01

Drafting attorney: Vicky Tsilas (202) 622-3980

CC: TEGE

Agency Contact: Vassiliki Tsilas, Assistant Branch Chief, TEGE: TEB,

Department of the Treasury, Internal Revenue Service, 1111 Constitution

Avenue NW, Washington, DC 20224

Phone: 202 622-3980

RIN: 1545-BA46
NONCOMPENSATORY PARTNERSHIP OPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will describe the tax treatment of noncompensatory partnership options.

Timetable:

Action

Date

FR Cite

NPRM

01/22/03

68 FR 2930

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103580-02

Drafting attorney: Joy Spies and Jason Smyczek (202) 622-3050

Reviewing attorney: Audrey W. Ellis (202) 622-3050

Treasury attorney: Matthew Lay (202) 622-7188

CC: PSI

Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3050

Joy Spies, Attorney-Advisor, Department of the Treasury, Internal

Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3050

RIN: 1545-BA53
CIRCULAR 230--PHASE 2 NONSHELTER REVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 330

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations propose amendments to the rules governing practice before the Internal Revenue Service.

Timetable:

Action

Date

FR Cite

ANPRM

12/19/02

67 FR 77724

Final Action

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122380-02

Drafting attorney: Matthew Cooper (202) 622-4940

Reviewing attorney: Richard S. Goldstein (202) 622-7820

Treasury attorney: Michael Desmond (202) 622-1981

Page 23138

CC:PA:APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, Washington, DC 20224

Phone: 202 622-8445

Fax: 202 622-1585

Email: matthew.s.cooper@irscounsel.treas.gov

RIN: 1545-BA72
REDEMPTIONS TREATED AS DIVIDENDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation under section 302 of the Internal Revenue

Code (Code), permits basis of redeemed stock to be recovered by the redeemed shareholder. Regulations under section 304 of the Code reflect changes made by the Internal Revenue Service Restructuring and Reform

Act of 1998, Taxpayer Relief Act of 1997, Tax Reform Act of 1986,

Deficit Reduction Act of 1984, and the Tax Equity and Fiscal

Responsibility Act of 1982 to the statute. Regulations under section 304 also reference proposed regulations under section 302 as they relate to the treatment of basis of redeemed stock in redemptions treated as dividends.

Timetable:

Action

Date

FR Cite

NPRM

10/18/02

67 FR 64331

Final Action

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150313-01

Drafting attorney: Theresa M. Kolish (202) 622-7530

Reviewing attorney: Lewis K. Brickates (202) 622-7530

CC: COR

Agency Contact: Theresa M. Kolish, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5408, Washington, DC 20224

Phone: 202 622-7530

Fax: 202 622-7556

Email: theresa.m.kolish@irscounsel.treas.gov

RIN: 1545-BA80
GUIDANCE ON REPORTING OF DEPOSIT INTEREST PAID TO NONRESIDENT

ALIENS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 31

Legal Deadline: None

Abstract: This regulation will provide guidance on the reporting requirements for interest on deposits maintained at U.S. offices of certain financial institutions and paid to nonresident aliens that are residents of certain specified countries.

Timetable:

Action

Date

FR Cite

NPRM

08/02/02

67 FR 50386

Hearing

12/05/02

67 FR 50386

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133254-02

Drafting attorney: Ethan A. Atticks (202) 622-3840

Reviewing attorney: Valerie Mark Lippe (202) 622-3840

Treasury attorney: Andrew Froberg (202) 622-1779

CC:INTL

Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

RIN: 1545-BA86
ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704(b); 26 USC 703(b)(3); 26 USC 702(a)(b); 26

USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on how foreign tax expenditures must be allocated to partners under section 704(b).

Timetable:

Action

Date

FR Cite

NPRM

04/21/04

69 FR 21454

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139792-02

Drafting attorney: Timothy J. Leska (202) 622-3050

Reviewing attorney: Beverly M. Katz (202) 622-3060

Treasury attorney: Matthew Lay (202) 622-1788

CC: PSI

Agency Contact: Timothy J. Leska, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3050

Related RIN: Related to 1545-BD11

RIN: 1545-BB11
INVESTIGATIVE DISCLOSURES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103(k)(6); 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will amend existing regulations on disclosure of return information by Internal Revenue Officers and employees for investigative purposes.

Timetable:

Action

Date

FR Cite

NPRM

07/10/03

68 FR 41089

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-140808-02

Drafting attorney: Helene R. Newsome (202) 622-4570

Reviewing attorney: Donald M. Squires (202) 622-4570

Treasury attorney: Michael Desmond (202) 622-1981

CC: PA: DPL

Page 23139

Agency Contact: Helene R. Newsome, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4570

Related RIN: Related to 1545-BB17

RIN: 1545-BB16
TOLL TELEPHONE SERVICE--DEFINITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 49

Legal Deadline: None

Abstract: This regulation provides amendments to regulations relating to the definition of toll telephone service.

Timetable:

Action

Date

FR Cite

NPRM

04/01/03

68 FR 15690

Hearing

09/10/03

68 FR 35828

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-141097-02

Drafting attorney: Taylor Cortright (202) 622-3130

Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez

(202) 622-3000

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: Taylor Cortright, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3130

RIN: 1545-BB18
MIXED USE OUTPUT FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation describes rules relating to mixed use output facilities.

Timetable:

Action

Date

FR Cite

ANPRM

09/23/02

67 FR 59767

Final Action

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Local, State

Federalism: Undetermined

Additional Information: REG-142599-02

Drafting attorney: Johanna Som de Cerff (202) 622-3980

Treasury attorney: Stephen J. Watson (202) 622-1322

CC: TEGE

Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer,

Department of the Treasury, Internal Revenue Service, 1111 Constitution

Avenue NW, Washington, DC 20224

Phone: 202 622-3980

RIN: 1545-BB23
SECTION 482: METHODS TO DETERMINE TAXABLE INCOME IN CONNECTION

WITH A COST SHARING ARRANGEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide additional guidance on cost sharing arrangements under section 482.

Timetable:

Action

Date

FR Cite

NPRM

08/29/05

70 FR 51116

Hearing

12/16/05

70 FR 51116

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism: Undetermined

Additional Information: REG-144615-02

Drafting attorney: Kenneth P. Christman (202) 435-5265

Reviewing attorney: John M. Breen (202) 435-5266

Treasury attorney: David Ernick (202) 622-1754

CC:INTL

Agency Contact: Kenneth P. Christman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 435-5265

RIN: 1545-BB26
TREATMENT OF SERVICES UNDER SECTION 482

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These final regulations amend the rules for allocation of income and deductions with respect to services between members of a group of controlled entities, pursuant to section 482.

Timetable:

Action

Date

FR Cite

NPRM

09/10/03

68 FR 53447

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-146893-02

Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Carol Tan (202) 435-5265

Reviewing attorney: John M. Breen (202) 435-5265

Treasury attorney: David Ernick (202) 622-1754

CC:INTL

Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 435-5265

RIN: 1545-BB31
LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF ACCOUNTING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 403; 26 USC 7805

CFR Citation: 26 CFR 1

Page 23140

Legal Deadline: None

Abstract: Under section 448(d)(5), as amended by the Job Creation and

Worker Assistance Act of 2002, the nonaccrual experience method of accounting is available only for amounts to be received for the performance of qualified services (i.e., services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, or consulting) or for services provided by certain small businesses (i.e., those with gross receipts of $5 million or less). The law provides that such taxpayers are not required to accrue, based on their experience, any portion of year-end receivables that will not be collected. This regulation will provide guidance under section 448(d)(5) regarding the nonaccrual experience method of accounting.

Timetable:

Action

Date

FR Cite

NPRM

11/21/03

68 FR 65645

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-141402-02

Drafting attorney: Terrance McWhorter (202) 622-4970

Reviewing attorney: Jeffery Mitchell (202) 622-4970

Treasury attorney: George Manousos (202) 622-1335

CC: ITA

We issued interim guidance in the form of a Notice 2003-12; 2003-6 published in the IRB 422 on January 22, 2003, with a request for comments.

Agency Contact: Terrance McWhorter, General Tax Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4970

RIN: 1545-BB43
SPECIAL DEPRECIATION ALLOWANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under sections 168 and 1400L(b) regarding special depreciation allowance.

Timetable:

Action

Date

FR Cite

NPRM

09/08/03

68 FR 53008

Final Action

08/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157164-02

Drafting attorney: Douglas Kim (202) 622-3110

Reviewing attorney: Kathleen Reed (202) 622-3110

Treasury attorney: George Manousos (202) 622-1335

CC:PSI

Agency Contact: Douglas Kim, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3110

Related RIN: Related to 1545-BC19

RIN: 1545-BB57
CONTRIBUTIONS TO PURCHASE CERTAIN RETIREMENT ANNUITIES OR

CUSTODIAL ACCOUNTS UNDER SECTION 403(B)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 403(b); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation would revise and update the current section 403(b) regulations to reflect the numerous statutory revisions to this section of the Internal Revenue Code since these regulations were first promulgated in 1964. Section 403(b) concerns the income tax exclusion for contributions to purchase certain retirement annuities or custodial accounts made for their employees by certain tax-exempt employers or

State-sponsored educational institutions.

Timetable:

Action

Date

FR Cite

NPRM

11/16/04

69 FR 67075

Hearing

11/16/04

69 FR 67084

Final Action

07/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: Local, State, Tribal

Additional Information: REG-155608-02

Drafting attorney: John A. Tolleris (202) 622-6060

Reviewing attorney: Cheryl Press (202) 622-6060

Treasury attorney: William Bortz (202) 622-1352

CC:TEGE

Agency Contact: John A. Tolleris, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-6060

Related RIN: Related to 1545-BF35

RIN: 1545-BB64
NOTIONAL PRINCIPAL CONTRACTS; CONTINGENT NONPERIODIC PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: These regulations relate to the character and the inclusion into income and deduction of contingent nonperiodic payments made pursuant to a notional principal contract.

Timetable:

Action

Date

FR Cite

NPRM

02/26/04

69 FR 8886

NPRM Comment Period End

05/04/04

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-166012-02

Drafting attorney: Kathleen Sleeth (202) 622-3920

Reviewing attorney: Elizabeth Handler (202) 622-3920

Treasury attorney: Viva Hammer (202) 622-0869

CC:FI

Agency Contact: Kathleen Sleeth, Attorney-Advisor, Department of the

Page 23141

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3920

RIN: 1545-BB82
PREDECESSORS OR SUCCESSORS UNDER SECTION 355(E)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 355; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations under section 355(e) set forth whether a transferor or a transferee of distributing or controlled assets is a predecessor or successor.

Timetable:

Action

Date

FR Cite

NPRM

11/22/04

69 FR 67873

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145535-02

Drafting attorney: Ross E. Poulsen (202) 622-7770

Reviewing attorney: Stephen Fattman (202) 622-7700

CC: COR

Agency Contact: Ross E. Poulsen, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7770

RIN: 1545-BB85
GUIDANCE REGARDING MARK-TO-MARKET VALUATION FOR CERTAIN SECURITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 475; 26 USC 446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 475(a) requires that dealers in securities mark their securities to market. If the security is inventory, the dealer must include that security at fair market value. Taxpayers must treat any security that is not inventory as if it were sold for its fair market value on the last business day of the year. While the legal definition of the term ``fair market value'' has long been settled, the statute is silent as to what valuation methodology should be used to determine fair market value of any particular security. Many of the securities subject to section 475 raise difficult valuation issues. An advanced notice of proposed rulemaking (ANPRM) was issued on May 5, 2003, and asked for comments on a possible financial statement-tax conformity safe harbor approach for valuing certain securities under section 475 for which the determination of actual fair market value is administratively difficult. On May 24, 2005, a notice of proposed rulemaking was issued. The NPRM provided an elective safe harbor for dealers in securities, dealers in commodities and traders in securities and commodities. The safe harbor permits these taxpayers to make an election pursuant to which the values of the positions reported on certain financial statements are used as the fair market value of those positions for purposes of section 475, if certain conditions are met.

Those conditions and limitations are to ensure consistency with fair market value tax principles. The NPRM also asked for specific comments relating to certain aspects the rules.

Timetable:

Action

Date

FR Cite

NPRM

05/24/05

70 FR 29663

NPRM Comment Period End

08/22/05

Public Hearing

09/15/05

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100420-03

Drafting attorney: Marsha A. Sabin (202) 622-3950 or John W. Rogers

(202) 622-3950

Reviewing attorney: Robert Williams (202) 622-3960

Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202) 622-0869

CC: FI

Agency Contact: Marsha A. Sabin, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3950

RIN: 1545-BB90
PARTNERSHIP EQUITY FOR SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 721; 26 USC 83; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will describe the tax treatment of partnership equity issued in connection with the performance of services.

Timetable:

Action

Date

FR Cite

NPRM

05/24/05

70 FR 29675

Public Hearing

10/05/05

70 FR 29676

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-105346-03

Drafting attorneys: Joy Spies and Jason T. Smyzcek (202) 622-3050

Reviewing attorney: Audrey W. Ellis (202) 622-3050

Treasury attorney: Matthew Lay (202) 622-1788

CC: PSI

Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3050

Joy Spies, Attorney-Advisor, Department of the Treasury, Internal

Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3050

RIN: 1545-BB92
ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Page 23142

Abstract: The regulations provide guidance on the accrual of original issue discount on certain REMIC regular interests.

Timetable:

Action

Date

FR Cite

NPRM

08/25/04

69 FR 52217

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108637-03

Drafting attorney: Patrick White (202) 622-3930

Reviewing attorney: Dale Collinson (202) 622-3900

CC:FI

Agency Contact: Patrick E. White, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3920

RIN: 1545-BB94
MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES

RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF

LIEN

Priority: Other Significant

Legal Authority: 26 USC 6320; 26 USC 6330; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: IRS is revising the regulations that apply to Collection Due

Process (CDP) and equivalent hearings under section 6320 involving

Federal tax liens.

Timetable:

Action

Date

FR Cite

NPRM

09/16/05

70 FR 54681

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150088-02

Drafting attorney: Laurence K. Williams (202) 622-3600

Reviewing attorney: Gary D. Gray (202) 622-3600

CC: PA: CBS

Agency Contact: Laurence K. Williams, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3600

Related RIN: Related to 1545-BB97

RIN: 1545-BB96
MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES

RELATING TO HEARINGS BEFORE LEVY

Priority: Other Significant

Legal Authority: 26 USC 6330; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: IRS is revising the regulations that apply to Collection Due

Process (CDP) and equivalent hearings under section 6330 involving

Federal tax levies.

Timetable:

Action

Date

FR Cite

NPRM

09/16/05

70 FR 54687

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150091-02

Drafting attorney: Laurence K. Williams (202) 622-3600

Reviewing attorney: Gary D. Gray (202) 622-3610

CC: PA: CBS

Agency Contact: Laurence K. Williams, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3600

Related RIN: Related to 1545-BB96

RIN: 1545-BB97
ENTRY OF TAXABLE FUEL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: The regulations will provide rules for payment of tax when taxable fuel is entered by an unregistered person.

Timetable:

Action

Date

FR Cite

NPRM

07/30/04

69 FR 45631

Public Hearing

10/05/04

69 FR 59572

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120616-03

Drafting attorney: Celia A. Gabrysh (202) 622-3130

Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez

(202) 622-3000

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: Celia A. Gabrysh, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3130

RIN: 1545-BC08
GUIDANCE NECESSARY TO FACILITATE BUSINESS ELECTRONIC FILING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulatory amendments are designed to facilitate electronic filing of certain income tax returns and other forms.

Timetable:

Action

Date

FR Cite

NPRM

12/19/03

68 FR 70747

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-116664-01

Drafting attorney: Nathan B. Rosen (202) 622-4910

Reviewing attorney: Pamela Fuller (202) 622-4910

Treasury attorney: Michael Desmond (202) 622-1981

Page 23143

CC:PA:APJ

Agency Contact: Nathan B. Rosen, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4910

RIN: 1545-BC15
CHANGES IN COMPUTING DEPRECIATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 446(e) regarding changes in computing depreciation or amortization.

Timetable:

Action

Date

FR Cite

NPRM

01/02/04

69 FR 42

Final Action

09/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126459-03

Drafting attorney: Douglas Kim (202) 622-3110

Reviewing attorney: Kathleen Reed (202) 622-3110

Treasury attorney: George Manousos (202) 622-1335

CC:PSI

Agency Contact: Douglas Kim, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3110

Related RIN: Related to 1545-BC17

RIN: 1545-BC18
SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE DISALLOWED

UNDER SECTION 265(A)(2)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7701; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will address the treatment of interest income with respect to an intercompany loan when the source of funds is borrowing from a nonmember and there is a disallowance of interest expense under section 265(a)(2).

Timetable:

Action

Date

FR Cite

NPRM

05/07/04

69 FR 25535

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128590-03

Drafting attorney: Frances L. Kelly (202) 622-7072

Reviewing attorney: Michael Wilder (202) 622-3393

CC: COR

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7072

Email: frances.l.kelly@irscounsel.treas.gov

RIN: 1545-BC23
GUIDANCE REGARDING APPLICATION OF SECTION 265(A)(2) AND 246A IN

TRANSACTIONS INVOLVING RELATED PARTIES, PASS-THROUGH ENTITIES, OR OTHER

INTERMEDIARIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7701(f); 26 USC 265(a); 26 USC 246A; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 7701(f) of the Code provides that the Secretary shall prescribe such regulations as may be necessary or appropriate to prevent the avoidance of the provisions of the Code that deal with the linking of borrowing to investment, or diminishing the risk through the use of related persons, pass-through entities, or other intermediaries.

Section 7701(f) was enacted to authorize the issuance of regulations to prevent the avoidance of the purposes of sections 265(a)(2) (which disallows interest on indebtedness incurred or continued to purchase or carry tax-exempt obligations) and 246A (which reduces the dividends received deduction under sections 243, 244, or 245(a)) in proportion to the extent that the portfolio stock with respect to which the dividends are received is debt-financed) through transactions involving related parties, pass-through entities, or other intermediaries.

Timetable:

Action

Date

FR Cite

NPRM

05/07/04

69 FR 25534

NPRM Comment Period End

08/05/04

Final Action

10/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128572-03

Drafting attorney: David Silber (202) 622-3930

Reviewing attorney: Dale S. Collinson ( 202) 622-3900

Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202) 622-0869

CC: FI

Agency Contact: David B. Silber, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3930

RIN: 1545-BC24
PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 409(p)(7)(A)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance for employee stock ownership plans holding stock of a subchapter S corporation concerning the prohibition against allocations to disqualified persons under section 409(p).

Timetable:

Action

Date

FR Cite

NPRM

07/21/03

68 FR 43058

NPRM Comment Period End

10/20/03

Page 23144

Second NPRM

12/17/04

69 FR 75492

Second NPRM Comment Period End 03/17/05

Hearing

04/20/05

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129709-03

Drafting attorney: John T. Ricotta (202) 622-6060

Reviewing attorney: Marjorie Hoffman (202) 622-6060

CC: TEGE

Agency Contact: John T. Ricotta, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6060

Related RIN: Related to 1545-BC33

RIN: 1545-BC34
GUIDANCE ON PFIC PURGING ELECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will provide guidance regarding retroactive relief for taxpayers who, in limited circumstances, continue to be subject to the PFIC excess distribution regime of section 1291 although the foreign corporation in which they own stock is no longer treated as a PFIC under section 1298(b)(1) or section 1297(e).

Timetable:

Action

Date

FR Cite

NPRM

12/08/05

70 FR 72952

Public Hearing

03/22/06

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133446-03

Drafting attorney: Ethan A. Atticks (202) 622-3840

Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840

Treasury attorney: David Ernick (202) 622-1754

CC:INTL

Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

Related RIN: Related to 1545-BD33

RIN: 1545-BC37
QUALIFIED SEVERANCE REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2642(a)(3)(C); 26 USC 7805

CFR Citation: 26 CFR 26

Legal Deadline: None

Abstract: This regulation relates to generation-skipping transfer tax consequences of a qualified severance of a trust.

Timetable:

Action

Date

FR Cite

NPRM

08/24/04

69 FR 51967

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145987-03

Drafting attorney: Mayer R. Samuels (202) 622-7265

Reviewing attorney: George Masnik (202) 622-3618

Treasury attorney: Catherine Hughes (202) 622-9407

CC: PSI

Agency Contact: Mayer R. Samuels, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3090

RIN: 1545-BC50
SUSPENSION OF RUNNING OF PERIOD OF LIMITATION DURING A PROCEEDING

TO ENFORCE OR QUASH A DESIGNATED OR RELATED SUMMONS

Priority: Substantive, Nonsignificant

Legal Authority: 25 USC 6503; 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: These regulations relate to the use of designated and related summonses and the effect on the period of limitations on assessment when a case is brought with respect to a designated or related summons.

Timetable:

Action

Date

FR Cite

NPRM

07/31/03

68 FR 44905

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208199-91

Drafting attorney: Elizabeth D. Rawlins (202) 622-3600

Reviewing attorney: Peter J. Devlin (202) 622-3600

Treasury attorney: Michael Desmond (202) 622-1981

CC: PA: CBS

Agency Contact: Elizabeth D. Rawlins, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3600

RIN: 1545-BC55
QUALIFIED ZONE ACADEMY BONDS; OBLIGATIONS OF STATES AND POLITICAL

SUBDIVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide for permissible use of proceeds, coordinate and make consistent provisions regarding determination of credit rate and maturity date. It will provide for remedial action in case of change in use of bond proceeds.

Page 23145

Timetable:

Action

Date

FR Cite

NPRM

03/26/04

69 FR 15747

Public Hearing

07/21/04

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: Local, State

Additional Information: REG-121475-03

Drafting attorney: Zoran Stojanovic (202) 622-3721

Reviewing attorney: Timothy L. Jones (202) 622-3701

CC: TEGE

Agency Contact: Zoran Stojanovic, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3721

RIN: 1545-BC61
GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 707; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance regarding disguised sales of partnership interests.

Timetable:

Action

Date

FR Cite

NPRM

11/26/04

69 FR 68838

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-149519-03

Drafting attorney: Deane M. Burke (202) 622-3070

Reviewing attorney: Christine Ellison (202) 622-3070

Treasury attorney: Matthew Lay (202) 622-1788

CC:PSI

Agency Contact: Deane M. Burke, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3070

RIN: 1545-BC63
SECTION 1045 APPLICATION TO PARTNERSHIPS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on how the capital gains rollover provision of section 1045 applies to partnerships.

Timetable:

Action

Date

FR Cite

NPRM

08/12/04

69 FR 49957

Final Action

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-150562-03

Drafting attorneys: Charlotte Chyr (202) 622-3070 and Jian Grant (202) 622-3050

Reviewing attorneys: James Quinn (202) 622-3070 and Mary Beth Collins

(202) 622-3070

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: Charlotte Chyr, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3070

Jian Grant, Attorney-Advisor, Department of the Treasury, Internal

Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3050

RIN: 1545-BC67
COLLECTION AFTER ASSESSMENT

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 26 USC 7805; 26 USC 6502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The Internal Revenue Service Restructuring and Reform Act of 1998 (RRA `98) section 3461 amended section 6502 of the Code to limit the ability of the Service to enter into agreements extending the collection statute. RRA `98 also included an off-Code ``sunset'' provision governing the continued effect of collection statute extension agreements executed prior to January 1, 2000, the effective date of this section. The current regulations under section 6502 have not been updated to reflect these changes to the section. The current regulations provide that extension agreements may be executed anytime prior to the expiration of the original statutory collection period.

The revised regulations will incorporate the changes imposed by RRA

`98. Also, the revised regulations will discuss the continued validity of extension agreements executed prior to January 1, 2000.

Timetable:

Action

Date

FR Cite

NPRM

03/04/05

70 FR 10572

Final Action

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148701-03

Drafting attorney: Debra Kohn (202) 622-3620

Reviewing attorney: Lawrence Schattner (202) 622-3620

Treasury attorney: Michael Desmond (202) 622-1981

CC:PA:CBS

Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-3620

Email: debra.akohn@irscounsel.treas.gov

RIN: 1545-BC72
EXCLUSION OF EMPLOYEES OF 501(C)(3) ORGANIZATIONS IN 401(K) AND 401(M) PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

Page 23146

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This action amends the Income Tax Regulations (26 CFR part 1) under section 410(b) of the Internal Revenue Code of 1986 (Code). The amendments would allow a section 401(k) plan or a section 401(m) plan that is provided under the same general arrangement as the section 401(k) plan to treat employees of an organization described in section 501(c)(3), which is exempt from tax under section 501(a), who are eligible to make salary reduction contributions to a tax-sheltered annuity pursuant to section 403(b) (a section 403(b) annuity) as excludable employees for the purpose of testing whether such plans meet the minimum coverage requirements specified in section 410(b). Congress ordered a modification of the current rule in the Economic Growth and

Tax Relief Reconciliation Act of 2001 (Pub. L. 107-16, 115 Stat. 38).

Timetable:

Action

Date

FR Cite

NPRM

03/16/04

69 FR 12291

Final Action

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-149752-03

Drafting attorney: Lisa Mojiri-Azad (202) 622-6060

Treasury attorney: W. Thomas Reeder (202) 622-1341

CC:TEGE

Agency Contact: Lisa Mojiri-Azad, Assistant Branch Chief, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6060

RIN: 1545-BC87
SOLID WASTE DISPOSAL FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 142; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will modify the definition of solid waste disposal facility for purposes of section 142(a)(6) of the Internal

Revenue Code.

Timetable:

Action

Date

FR Cite

NPRM

05/10/04

69 FR 25856

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG-140492-02

Drafting attorney: Aviva M. Roth (202) 622-3980

Reviewing attorney: Timothy Jones (202) 622-3980

CC: TEGE

Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013,

Washington, DC 20224

Phone: 202 622-3980

Email: aviva.m.roth@irscounsel.treas.gov

RIN: 1545-BD04
PUBLIC INSPECTION OF WRITTEN DETERMINATIONS UNDER SECTION 6110 OF

THE INTERNAL REVENUE CODE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This temporary regulation replaces and updates the existing regulation to include procedures for the public availability of Chief

Counsel advice. It also reflects changes to the organizational structure of the Internal Revenue Service and Office of Chief Counsel, changes to the Code, and technological advances related to the electronic availability of Internal Revenue Service documents to the public.

Timetable:

Action

Date

FR Cite

Temporary Regulation

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113129-98

Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570

Reviewing attorney: Donald Squires (202) 622-4570

Treasury attorney: Michael Desmond (202) 622-1981

CC:PA:DPL

Agency Contact: Deborah C. Lambert-Dean, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4570

Related RIN: Related to 1545-AX40

RIN: 1545-BD09
DUAL CONSOLIDATED LOSS REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1503

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides additional guidance with respect to dual consolidated losses under section 1503(d).

Timetable:

Action

Date

FR Cite

NPRM

05/24/05

70 FR 29868

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-102144-04

Drafting attorney: Christopher L. Trump (202) 622-3840

Reviewing attorney: John Merrick (202) 622-3800

Treasury attorney: David Sotos (202) 622-0851

CC:INTL

Agency Contact: Christopher L. Trump, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

RIN: 1545-BD10

Page 23147
ESCROW ACCOUNTS, TRUSTS, AND OTHER FUNDS USED DURING DEFERRED

EXCHANGES OF LIKE-KIND PROPERTY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 468B(g)

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: These regulations provide rules under section 468B(g) regarding the taxation and reporting of the income earned on escrow accounts, trusts, and other funds used for deferred exchanges of like- kind property under section 1031(a)(3). The regulations affect qualified escrow accounts, qualified trusts, and other funds established in connection with deferred like-kind exchanges, and the taxpayers, escrowees, trustees, qualified intermediaries, and other parties who receive the funds or establish, maintain, and administer the accounts.

Timetable:

Action

Date

FR Cite

NPRM

02/07/06

71 FR 6231

Hearing

02/07/06

71 FR 6233

Final Action

12/00/06

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-113365-04

Drafting attorney: A. Katharine J. Kiss (202) 622-4930

Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930

Treasury attorney: Viva Hammer (202) 622-0869

CC:ITA

Agency Contact: A. Katharine Kiss, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4930

Related RIN: Split from 1545-AR82

RIN: 1545-BD19
GUIDANCE ON PHASED RETIREMENT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: Not Yet Determined

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This guidance will lay out rules for establishing a bona fide phased retirement program. Generally, such a program would provide employees who are at or near eligibility for retirement with the opportunity for a reduced schedule and to receive a distribution of a proportionate share of their pension benefits based on their ``partial retirement.''

Timetable:

Action

Date

FR Cite

NPRM

11/10/04

69 FR 65108

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114726-04

Drafting attorney: Cathy A. Vohs (202) 622-6090

Reviewing attorney: Janet Laufer (202) 622-6090

Treasury attorney: Bill Bortz (202) 622-1352

CC:TEGE

Agency Contact: Cathy A. Vohs, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6090

RIN: 1545-BD23
REQUIREMENTS FOR REORGANIZATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 368

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance regarding reorganizations under section 368(a)(1)(F) of the Internal Revenue

Code.

Timetable:

Action

Date

FR Cite

NPRM

08/12/04

69 FR 49836

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106889-04

Drafting attorney: Robert B. Gray (202) 622-7550

Reviewing attorney: Debra L. Carlisle (202) 622-7550

CC: COR

Agency Contact: Robert B. Gray, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7550

Fax: 202 622-4111

Email: robert.b.gray@irscounsel.treas.gov

RIN: 1545-BD31
COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES

(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: Internal Revenue Code section 7654 contains provisions for coordination of U.S. and certain possessions income taxes.

Specifically, section 7654 provides for ``cover over'' of the net collection of taxes imposed under chapter 1 or deducted and withheld under chapter 24. Section 7654 of the Internal Revenue Code of 1986 provides specific rules for cover over with regard to the possessions

American Samoa and the U.S. Virgin Islands.

Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606, provides specific rules for cover over with regard to the possessions.

Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954

Code remains applicable to Guam and the NMI because neither of these two possessions has an effective implementing agreement with the United

States, in accordance with the Tax Reform Act of 1986, Public Law 99- 514.

The regulations will provide rules under both the 1954 Code and the 1986 Code versions of section 7654.

Timetable:

Action

Date

FR Cite

Temporary Regulation

12/00/06

Page 23148

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139900-03

Drafting attorney: Javier G. Salinas (202) 435-5262

Reviewing attorney: Ricardo A. Cadenas (202) 435-5262

Treasury attorney: Gretchen Sierra (202) 622-1755

CC:INTL

Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 435-5262

Related RIN: Related to 1545-BC54

RIN: 1545-BD32
UNDERPAYMENT FOR QUALIFIED AMENDED RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will revise the definition of ``qualified amended return'' in accordance with Notice 2004-38.

Timetable:

Action

Date

FR Cite

NPRM

03/02/05

70 FR 10062

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism: Undetermined

Additional Information: REG-122847-04

Drafting attorney: Laura Urich (202) 622-7022

Reviewing attorney: Ashton P. Trice (202) 622-4940

Treasury attorney: Michael Desmond (202) 622-1981

CC:PA:APJ

Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4940

Fax: 202 622-1585

Email: laura.r.urich@irscounsel.treas.gov

RIN: 1545-BD40
TRANSFERS OF RESTRICTED STOCK (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 42 USC 83; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations addressing the application of section 83 to the transfer of substantially nonvested stock to a related person.

Timetable:

Action

Date

FR Cite

Temporary Regulations

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-127147-04

Drafting attorney: Stephen B. Tackney (202) 622-6030

Treasury attorney: Dan Hogans (202) 622-1332

CC: TEGE

Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4030, Washington, DC 20224

Phone: 202 622-6030

Fax: 202 622-7865

Email: stephen.b.tackney@irscounsel.treas.gov

Related RIN: Related to 1545-BD44

RIN: 1545-BD45
TREATMENT OF DISREGARDED ENTITIES UNDER SECTION 752

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 752; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide rules under section 752 for taking into account the net value of a disregarded entity owned by a partner or related person for purposes of allocating partnership liabilities.

Timetable:

Action

Date

FR Cite

NPRM

08/12/04

69 FR 49832

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128767-04

Drafting attorney: Charlotte Chyr (202) 622-3080

Reviewing attorney: Jeanne Sullivan (202) 622-3050

Treasury attorney: Matthew Lay (202) 622-1788

CC:PSI

Agency Contact: Charlotte Chyr, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3070

RIN: 1545-BD48
UPDATE OF 415 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations amend the regulations under section 415 of the Internal Revenue Code relating to limitations on benefits and contributions under qualified plans. Section 415 provides a complex series of limits on benefits under defined benefit plans and contributions and other additions under defined contribution plans.

Comprehensive regulations regarding section 415 were last issued in 1980. These regulations are being proposed to reflect statutory changes and guidance items and to clarify certain other issues.

Timetable:

Action

Date

FR Cite

NPRM

05/31/05

70 FR 31214

Public Hearing

08/17/05

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-130241-04

Drafting attorney: Vernon Carter (202) 622-6060

Page 23149

Reviewing attorney: Linda Marshall (202) 622-6090

Treasury attorney: Harlan Weller (202) 622-1001

CC:TEGE

Agency Contact: Vernon S. Carter, Tax Law Specialist, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,

Washington, DC 20224

Phone: 202 622-6060

RIN: 1545-BD52
GUIDANCE UNDER SECTION 1502; MISCELLANEOUS OPERATING RULES FOR

SUCCESSOR PERSONS; APPLICABILITY OF SECTION 381

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation addresses certain issues related to complete liquidations when more than one group member owns stock of the liquidating corporation.

Timetable:

Action

Date

FR Cite

NPRM

02/22/05

70 FR 8552

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131128-04

Drafting attorney: Amber Cook (202) 622-7530

Reviewing attorney: Marie Milnes-Vasquez (202) 622-7530

CC: COR

Agency Contact: Amber R. Cook, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, Room 5411, 1111 Constitution Avenue

NW, Washington, DC 20224

Phone: 202 622-7530

RIN: 1545-BD54
MANUFACTURER INCENTIVE PAYMENTS IN AN INTERCOMPANY TRANSACTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This project clarifies how the intercompany transaction regulations treat manufacturer incentive payments to other members of the group.

Timetable:

Action

Date

FR Cite

NPRM

08/13/04

69 FR 50112

Final Action

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131264-04

Drafting attorney: Frances L. Kelly (202) 622-7770

Reviewing attorney: Gerald B. Fleming (202) 622-7770

CC: COR

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7072

Email: frances.l.kelly@irscounsel.treas.gov

Related RIN: Related to 1545-BF32

RIN: 1545-BD55
ASSET TRANSFERS FOLLOWING PUTATIVE REORGANIZATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides amendments to section 1.368-2. The amendments address the effect of transfers of the assets or the stock of parties to a reorganization pursuant to transactions intended to qualify as reorganizations within the meaning of section 368(a) of the

Internal Revenue Code.

Timetable:

Action

Date

FR Cite

NPRM

08/18/04

69 FR 51209

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-130863-04

Drafting attorney: Mary W. Lyons (202) 622-7930

Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930

CC: COR

Agency Contact: Mary W. Lyons, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7930

RIN: 1545-BD56
AGGREGATE COMPUTATION; ALLOCATION OF RESEARCH CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 41; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the computation and allocation of the credit for increasing research activities for members of a controlled group under section 41(f) of the Internal Revenue Code.

Timetable:

Action

Date

FR Cite

NPRM

05/24/05

70 FR 29662

Public Hearing

10/19/05

70 FR 29662

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-134030-04

Drafting attorney: Nicole R. Cimino (202) 622-3120

Reviewing attorney: Brenda M. Stewart (202) 622-3120

Treasury attorney: Sharon Kay (202) 622-0865

CC: PSI

Agency Contact: Nicole R. Cimino, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3120

Related RIN: Related to 1545-BA88, Related to 1545-BE17

RIN: 1545-BD60

Page 23150
MANDATORY E-FILING FOR FORMS 1120

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011(e); 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: These regulations will provide that certain entities that file at least 250 information returns during the calendar year are required to file their income tax returns electronically.

Timetable:

Action

Date

FR Cite

NPRM

01/12/05

70 FR 2075

Final Action

12/00/06

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-130671-04

Drafting attorney: Michael E. Hara (202) 622-4910

Reviewing attorneys: James Gibbons (202) 622-4910 and Carol Nachman

(202) 622-4910

CC: PA: APJ

Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4910

RIN: 1545-BD65
USE OF ELECTRONIC TECHNOLOGIES FOR PROVIDING NOTICES AND

TRANSMITTING ELECTIONS AND CONSENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 401; PL106-229, sec 104

CFR Citation: 26 CFR 1; 26 CFR 35; 26 CFR 54

Legal Deadline: None

Abstract: The proposed regulations provide guidance on the permitted use of electronic media to provide certain notices to recipients or to transmit participant and beneficiary elections or consents with respect to employee benefit plans. In general, the proposed regulations would affect plan sponsors of and participants and beneficiaries in employee benefit plans.

Timetable:

Action

Date

FR Cite

NPRM

07/14/05

70 FR 40675

Hearing

11/02/05

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-138362-04

Drafting attorney: Pamela R. Kinard (202) 622-6060

Reviewing attorney: Lisa Mojri-Azad (202) 622-6060

Treasury attorney: Bill Bortz (202) 622-1352

CC: TEGE

Agency Contact: Pamela R. Kinard, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6060

RIN: 1545-BD68
SECTION 704(B)(2) AND SUBSTANTIALITY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704(b)(2); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Clarify the substantiality rules under section 1.704- 1(b)(2)(iii) as to the impact of the tax consequences to owners or partners on the determination of substantiality.

Timetable:

Action

Date

FR Cite

NPRM

11/18/05

70 FR 69919

Final Action

10/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144620-04

Drafting attorneys: Tim Leska (202) 622-3050

Reviewing attorney: Beverly Katz (202) 622-3060

Treasury attorney: Matthew Lay (202) 622-1788

CC: PSI

Agency Contact: Timothy J. Leska, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3050

RIN: 1545-BD70
SPECIAL RULES TO REDUCE SECTION 1446 WITHHOLDING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance for partnerships obligated to pay withholding tax under section 1446 of the Internal Revenue Code.

Specifically, the regulations address the circumstances under which a partnership may reduce its withholding tax due based upon certifications of losses by foreign partners or when the partnership is in bankruptcy. The regulations will be effective for partnership taxable years beginning after the date the regulations are published in the Federal Register.

Timetable:

Action

Date

FR Cite

NPRM

05/18/05

70 FR 28743

Hearing

11/16/05

70 FR 57523

Final Action

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-148649-05

Drafting attorney: Ronald M. Gootzeit (202) 622-3860

Reviewing attorney: Charles P. Besecky (202) 622-3860

Treasury attorney: David Sotos (202) 622-0851

CC:INTL

Agency Contact: Ronald M. Gootzeit, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3860

Related RIN: Related to 1545-AY28

RIN: 1545-BD80

Page 23151
FLAT RATE SUPPLEMENTAL WAGE WITHHOLDING

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-16, sec 101(c)(11); PL 103-66, sec 13273; 26

USC 7805

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Amendment of section 31.3402(g)-1 of Employment Tax

Regulations to reflect changes in law affecting optional flat rate for income tax withholding on supplemental wages.

Timetable:

Action

Date

FR Cite

NPRM

01/05/05

70 FR 767

NPRM Comment Period End

04/11/05

Hearing

06/09/05

70 FR 21163

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-152945-04

Drafting attorney: Alfred G. Kelley (202) 622-6040

CC: TEGE

Agency Contact: Alfred G. Kelley, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6040

RIN: 1545-BD96
REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF

ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Authorize disclosure of additional corporate tax information to Bureau of Economic Analysis, Department of Commerce.

Timetable:

Action

Date

FR Cite

Temporary Regulation

06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-148864-03 AND 147195-04

Drafting attorney: Melinda K. Fisher (202) 622-4580

Treasury attorney: Michael Desmond (202) 622-1981

CC: PA: DPL

Agency Contact: Melinda K. Fisher, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20024

Phone: 202 622-4580

Related RIN: Related to 1545-BC93, Related to 1545-BE01, Related to 1545-BE08

RIN: 1545-BE02
DYE INJECTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations relate to the diesel fuel and kerosene excise tax and reflect changes made by the American Jobs Creation Act of 2004

(Act) regarding mechanical dye injection systems. Under the Act, diesel fuel and kerosene that are to be used in a nontaxable use must be indelibly dyed by use of a mechanical dye injection system that satisfies the requirements set forth in the regulations. The purpose of the regulations is to establish standards for tamper resistant mechanical injector dyeing that are reasonable, cost-effective, and set levels of security commensurate with the applicable facility.

Timetable:

Action

Date

FR Cite

NPRM

04/26/05

70 FR 21361

Final Action

07/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-154000-04

Drafting attorney: William L. Blodgett (202) 622-3090

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: William L. Blodgett, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3090

RIN: 1545-BE04
CIRCULAR 230--COVERED OPINION AMENDMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 31 USC 330

CFR Citation: 31 CFR 10

Legal Deadline: None

Abstract: These regulations propose amendments to the standards for tax opinions related to municipal bonds.

Timetable:

Action

Date

FR Cite

NPRM

12/20/04

69 FR 75887

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159824-04

Drafting attorney: Matthew Cooper (202) 622-4940

Reviewing attorney: Richard Goldstein (202) 622-3900

Treasury attorney: Michael Desmond (202) 622-1981

CC: PA: APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, Washington, DC 20224

Phone: 202 622-8445

Fax: 202 622-1585

Email: matthew.s.cooper@irscounsel.treas.gov

Related RIN: Related to 1545-BA70

RIN: 1545-BE13
WITHHOLDING EXEMPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 3402; 26 USC 7805

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: These regulations provide guidance under section 3402(f) of the

Page 23152

Internal Revenue Code for employers and employees relating to the Form

W-4, ``Employee's Withholding Allowance Certificate.'' These regulations provide rules for the submission of copies of certain withholding exemption certificates to the IRS, the notification provided to the employer and the employee of the maximum number of withholding exemptions permitted, and the use of substitute forms.

Timetable:

Action

Date

FR Cite

NPRM

04/14/05

70 FR 19721

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-162813-04

Drafting attorney: Margaret A. Owens (202) 622-0047

Reviewing attorney: Janine Cook (202) 622-0047

Treasury attorney: Kevin Knopf (202) 622-2329

CC: TEGE

Agency Contact: Margaret A. Owens, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-0047

Related RIN: Related to 1545-BE21

RIN: 1545-BE20
SECTION 6011 REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations are an update to the taxpayer disclosure regulations for reportable transactions under section 1.6011-4.

Timetable:

Action

Date

FR Cite

Temporary Regulations

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103038-05

Drafting attorney: Tara P. Volungis (202) 622-3080

Reviewing attorney: Christine Ellison (202) 622-3080

Treasury attorney: Michael Desmond (202) 622-1981

CC: PSI

Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3080

Related RIN: Related to 1545-BE24

RIN: 1545-BE25
SECTION 6111 REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6111; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: These regulations are for section 6111, as revised under the

American Jobs Creation Act of 2004, which will provide the rules for material advisors regarding disclosure of reportable transactions.

Timetable:

Action

Date

FR Cite

Temporary Regulations

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103039-05

Drafting attorney: Tara P. Volungis (202) 622-3080

Reviewing attorney: Christine Ellison (202) 622-3080

Treasury attorney: Michael Desmond (202) 622-1981

CC:PSI

Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3080

Related RIN: Related to 1545-BE26

RIN: 1545-BE27
SECTION 6112 REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6112; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations are an update to the list maintenance regulations under section 6112 to take into account changes to the statute made in the ``American Jobs Creation Act of 2004.''

Timetable:

Action

Date

FR Cite

Temporary Regulations

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103043-05

Drafting attorney: Tara P. Volungis (202) 622-3080

Reviewing attorney: Christine Ellison (202) 622-3080

Treasury attorney: Michael Desmond (202) 622-1981

CC: PSI

Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3080

Related RIN: Related to 1545-BE28

RIN: 1545-BE29
INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 199; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance regarding the deduction for income attributable to domestic production activities under section 199 of the Internal Revenue Code. Section 199 was enacted by section 102 of the American Jobs Creation Act of 2004, and allows a deduction equal to 3 percent (for 2005 and 2006) of the lesser of the qualified production activities income of the taxpayer's or the taxpayer's taxable

Page 23153

income, subject to certain limits. The deduction percentage increases to 6 percent for 2007 through 2009 and to 9 percent thereafter.

Timetable:

Action

Date

FR Cite

NPRM

11/04/05

70 FR 67220

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-105847-05

Drafting attorney: Paul F. Handleman (202) 622-3040

Reviewing attorney: Susan Reaman (202) 622-3040

Treasury reviewer: George Manousos (202) 622-1335

CC: PSI

Agency Contact: Paul F. Handleman, Senior Technician Reviewer,

Department of the Treasury, Internal Revenue Service, 1111 Constitution

Avenue NW, Washington, DC 20224

Phone: 202 622-3040

RIN: 1545-BE33
GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations provide guidance for determining that a CFC's distributive share of partnership income will qualify for the exception contained in section 954(i).

Timetable:

Action

Date

FR Cite

NPRM

01/17/06

71 FR 2496

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106418-05

Drafting Attorney: Kate Y. Hwa (202) 622-3840

Reviewing Attorney: Phyllis E. Marcus (202) 622-3840

Treasury Attorney: John Harrington (202) 622-0589

CC:INTL

Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

RIN: 1545-BE34
DISREGARDED ENTITIES AND COLLECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Amending the regulations governing disregarded entities so that certain State law entities that currently are disregarded for all

Federal tax purposes will be treated as entities separate from their owners in collecting and administering Federal employment and certain excise taxes.

Timetable:

Action

Date

FR Cite

NPRM

10/18/05

70 FR 60475

Final Action

10/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-114371-05

Drafting attorney: Martin Schaffer (202) 622-3070

Reviewing attorney: Jeanne Sullivan (202) 622-3070

Treasury attorney: Matthew Lay (202) 622-1788

CC: PSI

Agency Contact: Martin Schaffer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3070

RIN: 1545-BE43
SPECIAL DEPRECIATION ALLOWANCE-EXTENDED PLACED-IN-SERVICE DATE

(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provides rules relating to property that is eligible for extended placed-in-service date for purposes of the additional first year depreciation allowance.

Timetable:

Action

Date

FR Cite

Temporary Regulation

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120914-05

Drafting attorney: Patrick S. Kirwan (202) 622-3110

Reviewing attorney: Kathleen Reed (202) 622-3110

Treasury attorney: George Manousos (202) 622-1335

CC:PSI

Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3110

Related RIN: Related to 1545-BE55

RIN: 1545-BE56
REGULATIONS UNDER SECTION 263A REGARDING USE OF SIMPLIFIED SERVICE

COST METHOD AND SIMPLIFIED PRODUCTION METHOD

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 263A; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Application of simplified service cost method and simplified production method to self-constructed assets.

Timetable:

Action

Date

FR Cite

NPRM

08/03/05

70 FR 44535

Final Action

12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-121584-05

Page 23154

Drafting attorney: Scott H. Rabinowitz (202) 622-4970

CC:ITA

Agency Contact: Scott H. Rabinowitz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4970

Related RIN: Related to 1545-BE61

RIN: 1545-BE57
LIMITATION ON TRANSFER OF BUILT-IN LOSSES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 362; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance for applying 26 U.S.C. 362(e) to consolidated groups.

Timetable:

Action

Date

FR Cite

Temporary Regulation

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110405-05

Drafting attorney: Jay M. Singer (202) 622-7530

Reviewing attorney: Filiz Serbes (202) 622-7790

Treasury attorney: Marc Countryman (202) 622-9858

CC: COR

Agency Contact: Jay M. Singer, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7530

Related RIN: Related to 1545-BE58

RIN: 1545-BE59
ASSUMPTION OF LIABILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Special rules for assumption of liabilities.

Timetable:

Action

Date

FR Cite

NPRM

05/26/05

70 FR 30380

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106736-00

Drafting attorney: Douglas Bates (202) 622-7550

CC: COR

Agency Contact: Douglas C. Bates, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7550

Related RIN: Related to 1545-AX93

RIN: 1545-BE67
DIVIDENDS PAID DEDUCTION FOR STOCK HELD IN EMPLOYEE STOCK

OWNERSHIP PLAN

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 USC 404(K)

Legal Deadline: None

Abstract: The regulations will provide guidance, concerning which corporation is entitled to the deduction provided under section 404(K) for applicable securities of a corporation held by an ESOP when stock held by the ESOP is not stock of the employer maintaining the plan and concerning the disallowance of a deduction under section 404(K) for payments in redemption of stock held by an ESOP that are used to make distributions to terminating participants.

Timetable:

Action

Date

FR Cite

NPRM

08/25/05

70 FR 49897

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-133578-05

Drafting attorney: John T. Ricotta (202) 622-6060

Reviewing attorney: Marjorie Hoffman (202) 622-6060

CC: TEGE

Agency Contact: John T. Ricotta, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6060

RIN: 1545-BE74
DEFERRED COMPENSATION (PROPOSED)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 409 A

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Proposed regulations that reflect the enactment of section 885 of the American Jobs Creation Act of 2004.

Timetable:

Action

Date

FR Cite

NPRM

10/04/05

70 FR 57930

Final Action

09/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-158080-04

Drafting attorney: Michael B. Hughes (202) 622-6030

CC:TEGE

Agency Contact: Michael B. Hughes, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6030

RIN: 1545-BE79
REMIC RESIDUALS--FOREIGN HOLDERS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations under 26 U.S.C. 860G(b) will govern the recognition of income associated with REMIC residual interests that is allocated to a foreign person, including a foreign partner in a U.S. partnership.

Timetable:

Action

Date

FR Cite

Temporary Regulation

06/00/06

Page 23155

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159929-02

Drafting attorney: Arturo Estrada (202) 622-3900

Treasury attorney: Andrew Froberg (202) 622-1779

CC: FI

Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3900

RIN: 1545-BE81
RAILROAD TRACK MAINTENANCE CREDIT (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on claiming the railroad track maintenance credit under section 45G of the Internal Revenue

Code.

Timetable:

Action

Date

FR Cite

Temporary Regulation

04/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-142270-05

Drafting attorney: Charles J. Magee (202) 622-3110

Reviewing attorney: Kathleen Reed (202) 622-3110

Treasury attorney: Sharon Kay (202) 622-0865

CC:PSI

Agency Contact: Charles Magee, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224

Phone: 202 622-3110

Fax: 202 622-4779

Related RIN: Related to 1545-BE90

RIN: 1545-BE91
GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY FORMER

SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7874

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance under section 7874(c)(2). Section 7874(a)(2)(B) provides that a foreign corporation will be a surrogate foreign corporation, if among other requirements, 60 percent of the stock of the entity is owned by former shareholders or partners of the domestic entity by reason of their holding an interest in the domestic entity. Section 7874(c)(2) states that in determining ownership under section 7874(a)(2)(B)(ii) stock held by members of the expanded affiliated group is disregarded.

Timetable:

Action

Date

FR Cite

NPRM

12/28/05

70 FR 76732

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143244-05

Drafting Attorney: Jefferson VanderWolk (202) 622-3810

Reviewing Attorney: Milton Cahn (202) 622-3810

CC: INTL

Agency Contact: Jefferson VanderWolk, Special Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3810

Related RIN: Related to 1545-BE94

RIN: 1545-BE93
CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR REGULATIONS

(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 179B of the

Internal Revenue Code relating to EPA sulfur.

Timetable:

Action

Date

FR Cite

Temporary Regulation

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-143453-05

Drafting attorney: Douglas Kim (202) 622-3110

Reviewing attorney: Kathleen Reed (202) 622-3110

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: Douglas Kim, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3110

Related RIN: Related to 1545-BE96

RIN: 1545-BE97
DESIGNATED ROTH ACCOUNTS UNDER SECTION 402A

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Taxation of distributions from designated Roth accounts in qualified cash or deferred arrangements under IRC 401(K).

Timetable:

Action

Date

FR Cite

NPRM

01/26/06

71 FR 4320

NPRM Comment Period End

04/26/06

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-146459-05

Drafting attorney: Linda L. Conway (202) 622-6090

Reviewing attorney: Cathy Vohs (202) 622-6090 and Lisa Mohiri-Azad

(202) 622-6090

Page 23156

Treasury attorney: Harlan Weller (202) 622-1001

CC:TEGE

Agency Contact: Linda L. Conway, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6090

Related RIN: Related to 1545-BF05

RIN: 1545-BF04
ELECTION TO EXPENSE CERTAIN REFINERIES

(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 179C

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide guidance under section 179C of the Internal Revenue

Code.

Timetable:

Action

Date

FR Cite

Temporary Regulation

06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-146895-05

Drafting attorney: Charles J. Magee (202) 622-3110

Reviewing attorney: Kathleen Reed (202) 622-3110

Drafting attorney: John Parcell (202) 622-2578

CC: PSI

Agency Contact: Charles Magee, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224

Phone: 202 622-3110

Fax: 202 622-4779

Related RIN: Related to 1545-BF05

RIN: 1545-BF06
NUCLEAR DECOMMISSIONING COSTS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Temporary regulations under the Energy Tax Incentives Act of 2005 concerning nuclear decommissioning costs.

Timetable:

Action

Date

FR Cite

Temporary Regulations

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147290-05

Drafting attorney: Bernard P. Harvey (202) 622-3110

Reviewing attorney: Peter C. Friedman (202) 622-3110

Treasury attorney: John Parcell (202) 622-2578

CC:PSI

Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3110

Related RIN: Related to 1545-BF08

RIN: 1545-BF09
CHARITABLE CONTRIBUTIONS OF CERTAIN MOTOR

VEHICLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 170 (f)(12); 26 USC 6720

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will clarify the rules for determining the fair market value of a vehicle contributed to charity. The regulations will provide rules for implementing the new laws, which govern the requirements for claiming a charitable contribution deduction for a donated vehicle, and impose penalties under certain circumstances on donee organizations (26 USC 170(f)(12)and 6720).

Timetable:

Action

Date

FR Cite

Temporary Regulations

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-143755-05

Drafting attorney: Patricia M. Zweibel (202) 622-5020

Reviewing attorney: Karin Gross (202) 622-5020

Treasury attorney: Eric San Juan (202) 622-0224

CC: ITA

Agency Contact: Patricia Zweibel, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC 20224

Phone: 202 622-5020

Related RIN: Related to 1545-BF29

RIN: 1545-BF10
CLEAN RENEWABLE ENERGY BONDS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-58, sec 1303(d); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Newly added section 54 of the Code allows certain specified entities to issue Clean Renewable Energy Bonds. Taxpayers who purchase these bonds are entitled to a credit against income tax in lieu of receiving interest payments from the Clean Renewable Energy Bond issuers. These regulations explain the requirements for issuing the bonds and for claiming the tax credit.

Timetable:

Action

Date

FR Cite

Temporary Regulation

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Local, State, Tribal

Additional Information: REG-148071-05

Drafting attorney: Aviva M. Roth (202) 622-3980

Reviewing attorney: Timothy L. Jones (202) 622-1380

Treasury attorney: John Cross (202) 622-1322

CC: TEGE

Page 23157

Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013,

Washington, DC 20224

Phone: 202 622-3980

Email: aviva.m.roth@irscounsel.treas.gov

Related RIN: Related to 1545-BF11

RIN: 1545-BF12
CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR

POWER FACILITIES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 45J

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Temporary regulations will provide guidance for implementation of new section 45J; in particular, regulations will provide a certification process for approval and allocation of the national megawatt limitation.

Timetable:

Action

Date

FR Cite

Interim Final Rule

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-157616-05

Drafting attorney: Patrick S. Kirwan (202) 622-3110

CC:PSI

Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3110

Related RIN: Related to 1545-BF19

RIN: 1545-BF20
REVISION OF REGULATION TO COMPLY WITH THE

COMMISSIONER'S E-FILE PROGRAM (TEMPORARY)

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The project will revise a number of regulations that present impediments to e-filing. It will also contain proposed regulations under section 1561.

Timetable:

Action

Date

FR Cite

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-161919-05

Drafting attorney: Grid R. Glyer (202) 622-7930

Reviewing attorneys: Theresa Abell (202) 622-7700

Marc Countryman (202) 622-7530

Steve Hankin (202) 622-7930

CC: COR

Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

Phone: 202 622-7930

Related RIN: Previously reported as 1545-BF25

RIN: 1545-BF26
CHARITABLE CONTRIBUTIONS OF QUALIFIED VEHICLES

(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 170(f)(12); 26 USC 6720

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This temporary regulation will set forth temporary rules governing the charitable contribution deduction allowed for contribution of certain vehicles for which a value of more than $500 is claimed.

Timetable:

Action

Date

FR Cite

Temporary Regulations

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-143755-05

Drafting attorney: Patricia M. Zweibel (202) 622-5020

Reviewing attorney: Karin Gross (202) 622-5020

Treasury attorney: Eric San Juan (202) 622-0224

CC:ITA

Agency Contact: Patricia Zweibel, Attorney, Department of the Treasury,

Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC 20224

Phone: 202 622-5020

Related RIN: Related to 1545-BF10

RIN: 1545-BF29
INTERCOMPANY TRANSACTIONS; MANUFACTURER

INCENTIVE PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This final regulation amends section 1.1502-13 by removing an example from the intercompany transaction regulations.

Timetable:

Action

Date

FR Cite

Final Action

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131264-04

Drafting attorney: Frances L. Kelly (202) 622-7072

CC: COR

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7072

Email: frances.l.kelly@irscounsel.treas.gov

Related RIN: Related to 1545-BD55

RIN: 1545-BF32
ENTERTAINMENT EXPENSE DISALLOWANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

Page 23158

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Regulations implementing the JOBS Act 2004 amendments to section 274(e)(2) and (e)(9), regarding limitations on deductions for expenses for entertainment of specified individuals.

Timetable:

Action

Date

FR Cite

Interim Final Rule

01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147171-05

Drafting attorney: Michael A. Nixon (202) 622-4930

Reviewing attorney: George Baker (202) 622-4930

Treasury attorney: Eric San Juan (202) 622-0224

CC:ITA

Agency Contact: Michael A. Nixon, General Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4930

RIN: 1545-BF34
SECTION 3121(A)(5)(D) REGULATION (SALARY

REDUCTION AGREEMENT) (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6302

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: The temporary regulation defines the term ``salary reduction agreement'' within the meaning of section 3121(a)(5)(D) as plan or arrangement whereby payment will be made by an employer to an annuity described in section 403(b) if an employee elects to reduce his compensation or if an employee agrees as a condition of employment to make a mandatory contribution that reduces his compensation.

Timetable:

Action

Date

FR Cite

Interim Final Rule

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions, Organizations

Government Levels Affected: Local, State

Additional Information: REG-155608-02

Drafting attorney: Neil D. Shepherd (202) 622-6040

Reviewing attorney: Lynne Camillo (202) 622-6040

Treasury attorney: William Bortz (202) 622-1352

CC:TEGE

Agency Contact: Neil D. Shepherd, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-6040

Related RIN: Previously reported as 1545-BB64

RIN: 1545-BF35
AMENDMENT OF STATUTORY MERGERS AND

CONSOLIDATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 368; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides transitional relief for certain transactions initiated before January 23, 2006, the effective date of final regulations published in TD 9242 (71 FR 4259) under section 368(a)(1)(A).

Timetable:

Action

Date

FR Cite

Final Action

12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-109473-06

Drafting attorney: Richard M. Heinecke (202) 622-7930

Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930

CC:COR

Agency Contact: Richard M. Heinecke, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7930

Related RIN: Related to 1545-BA06, Related to 1545-BD76

RIN: 1545-BF36
DEPRECIATION OF MACRS PROPERTY THAT IS ACQUIRED

IN A LIKE-KIND EXCHANGE OR AS A RESULT OF AN INVOLUNTARY CONVERSION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 168

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provides guidance on how to depreciate MACRS property acquired in a like-kind exchange under section 1031 or as a result of an involuntary conversion under 1033 when both the acquired and relinquished properties are subject to section 168 in the hands of the acquiring taxpayer.

Timetable:

Action

Date

FR Cite

NPRM

03/01/04

69 FR 9560

Final Action

02/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-106590-00

Drafting attorney: Charles J. Magee (202) 622-3110

Reviewing attorney: Charles Ramsey (202) 622-3110

Treasury attorney: George Manousos (202) 622-1335

CC: PSI

Agency Contact: Charles Magee, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224

Phone: 202 622-3110

Fax: 202 622-4779

Related RIN: Related to 1545-BC27, Related to 1545-AY95

RIN: 1545-BF37

Page 23159

Department of the Treasury (TREAS)

Long-Term Actions

Internal Revenue Service (IRS)
INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF

REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301; 26 CFR 602

Timetable:

Action

Date

FR Cite

NPRM

06/23/88

53 FR 23659

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Teresa B. Hughes

Phone: 202 622-3850

RIN: 1545-AC09
FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED,

DEDUCTION, AND OTHER SPECIAL RULES FOR FSC

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

03/03/87

52 FR 6467

NPRM Comment Period End

05/02/87

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Carol Tan

Phone: 202 435-5265

RIN: 1545-AI16
FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

05/16/86

51 FR 17990

Final Action

12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas D. Beem

Phone: 202 622-3860

RIN: 1545-AK74
NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS

UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

05/05/88

53 FR 16233

Hearing

03/01/89

54 FR 1189

Final Action

12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert W. Lorence

Phone: 202 622-3860

RIN: 1545-AK79
INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

06/27/88

53 FR 24100

NPRM Comment Period End

08/26/88

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David A. Juster

Phone: 202 622-3850

RIN: 1545-AL93
EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

01/25/90

55 FR 2535

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeffrey L. Parry

Phone: 202 622-3850

RIN: 1545-AM90
CARIBBEAN BASIN INVESTMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

05/13/91

56 FR 21963

Hearing

07/12/91

56 FR 21963

Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Thomas A. Vidano

Phone: 202 435-5265

RIN: 1545-AM91
CONSOLIDATED ALTERNATIVE MINIMUM TAX

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

12/30/92

57 FR 62251

NPRM Comment Period End

03/01/93

Hearing

04/06/93

Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Martin Scully

Phone: 202 622-8066

RIN: 1545-AN73
CONFORMING TAXABLE YEARS OF CFCS AND FPHCS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

01/05/93

58 FR 290

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Page 23160

Agency Contact: Carl M. Cooper

Phone: 202 622-3840

RIN: 1545-AO22
USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

07/01/92

57 FR 29246

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeffrey L. Parry

Phone: 202 622-3850

RIN: 1545-AQ55
INTEREST-FREE ADJUSTMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Timetable:

Action

Date

FR Cite

NPRM

12/10/92

57 FR 58423

NPRM Comment Period End

02/08/93

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karin Loverud

Phone: 202 622-6080

RIN: 1545-AQ61
THE TREATMENT OF ACCELERATED DEATH BENEFITS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

12/15/92

57 FR 59319

NPRM Comment Period End

02/26/93

Hearing

03/19/93

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ann H. Logan

Phone: 202 622-3970

RIN: 1545-AQ70
STRADDLES---MISCELLANEOUS ISSUES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

05/02/95

60 FR 21482

Final Action

06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mary Brewer

Phone: 202 622-3950

RIN: 1545-AT46
ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND EMPLOYEE

CONTRIBUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

12/22/95

60 FR 66532

NPRM Comment Period End

03/21/96

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cathy A. Vohs

Phone: 202 622-6090

RIN: 1545-AT82
FOREIGN CORPORATIONS REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

03/08/96

61 FR 9377

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Gregory A. Spring

Phone: 202 622-3870

RIN: 1545-AT96
APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

09/27/96

61 FR 50778

NPRM Comment Period End

12/26/96

Hearing

01/15/97

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: M. Grace Fleeman

Phone: 202 622-3880

Linda S.F. Marshall

Phone: 202 622-6090

James A. Quinn

Phone: 202 622-3070

RIN: 1545-AU29
ELECTRONIC TRANSMISSION OF WITHHOLDING CERTIFICATES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

10/14/97

62 FR 53504

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Carl M. Cooper

Phone: 202 622-3840

RIN: 1545-AV27
TRANSPORTATION OF PERSONS AND PROPERTY BY AIR

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 49

Timetable:

Action

Date

FR Cite

NPRM

04/00/07

Page 23161

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Taylor Cortright

Phone: 202 622-3130

RIN: 1545-AW19
CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Kathleen Sleeth

Phone: 202 622-3920

RIN: 1545-AW97
DEFINITION OF ACCOUNTING METHOD

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Grant D. Anderson

Phone: 202 622-4930

Fax: 202 622-0735

Email: grant.d.anderson@irscounsel.treas.gov

RIN: 1545-AX21
MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Timetable:

Action

Date

FR Cite

NPRM

12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert W. Lorence

Phone: 202 622-3860

RIN: 1545-AX77
SPECIAL RULES FOR S CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 601

Timetable:

Action

Date

FR Cite

NPRM

04/27/92

57 FR 15272

NPRM Comment Period End

06/26/92

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David A. Juster

Phone: 202 622-3850

Related RIN: Split from 1545-AP35, Related to 1545-AS88

RIN: 1545-AY44
PAYMENTS FOR INTEREST IN PARTNERSHIP

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stacy L. Short

Phone: 202 622-3070

RIN: 1545-AY90
TIMELY MAILING TREATMENT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:

Action

Date

FR Cite

NPRM

09/21/04

69 FR 56377

Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Dillon Taylor

Phone: 202 622-4940

Fax: 202 622-1585

Email: dillon.j.taylor@irscounsel.treas.gov

RIN: 1545-BA99
AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT

INFORMATION RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

07/09/03

68 FR 40857

Final Action

12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: William M. Kostak

Phone: 202 622-4910

RIN: 1545-BB41
NOTARIZATION REQUIREMENT FOR STATEMENTS OF PURCHASE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

07/10/03

68 FR 41087

NPRM Comment Period End

10/08/03

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: John T. Ricotta

Phone: 202 622-6060

RIN: 1545-BC11
CONTINGENT AT CLOSING ESCROWS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Timetable:

Action

Date

FR Cite

NPRM

02/01/99

64 FR 4801

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Page 23162

Government Levels Affected: None

Agency Contact: Richard Shevak

Phone: 202 622-8142

Related RIN: Related to 1545-AR82

RIN: 1545-BC16
SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN

(ASFR)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:

Action

Date

FR Cite

NPRM

07/18/05

70 FR 41165

Hearing

03/08/06

Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Laura Rebecca Urich

Phone: 202 622-4940

Fax: 202 622-1585

Email: laura.r.urich@irscounsel.treas.gov

Related RIN: Related to 1545-BC46

RIN: 1545-BC45
DEFINITION OF LOSS FOR PURPOSES OF THE STRADDLE RULES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mary Brewer

Phone: 202 622-3950

RIN: 1545-BC83
TRANSACTIONS INVOLVING THE TRANSFER OF NO NET EQUITY VALUE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

03/10/05

70 FR 11903

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jean R. Brenner

Phone: 202 622-7790

RIN: 1545-BC88
DISCLOSURES TO SUBCONTRACTORS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

CFR Citation: 26 CFR 301

Timetable:

Action

Date

FR Cite

NPRM

01/12/05

70 FR 2076

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions,

Organizations

Government Levels Affected: Federal, Local, State

Agency Contact: Helene R. Newsome

Phone: 202 622-4570

RIN: 1545-BC92
ATTAINED AGE OF THE INSURED

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

05/24/05

70 FR 29671

NPRM Comment Period End

08/24/05

Public Hearing

09/14/05

70 FR 29672

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ann H. Logan

Phone: 202 622-3970

RIN: 1545-BD00
HIPAA PORTABILITY: SPECIAL ENROLLMENT PROCEDURES, TOLLING, AND

INTERACTION WITH FMLA

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 54

Timetable:

Action

Date

FR Cite

NPRM

12/30/04

69 FR 78800

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer

Phone: 202 622-6080

Related RIN: Related to 1545-AW02, Related to 1545-AX84

RIN: 1545-BD51
RETURN FOR SUBCHAPTER T COOPERATIVES

Priority: Routine and Frequent. Major status under 5 USC 801 is undetermined.

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

07/29/05

70 FR 43811

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Matthew P. Howard

Phone: 202 622-4910

RIN: 1545-BD92
EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

CFR Citation: 26 CFR 31

Timetable:

Action

Date

FR Cite

NPRM

11/07/05

70 FR 67397

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Federal

Page 23163

Agency Contact: Raymond Bailey

Phone: 202 622-4910

Related RIN: Related to 1545-BE00

RIN: 1545-BD93
RETURN FOR SUBCHAPTER T COOPERATIVES (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Matthew P. Howard

Phone: 202 622-4910

Related RIN: Related to 1545-BD92

RIN: 1545-BD98
APPLICATION OF SECTION 6404(G) SUSPENSION PROVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Julie A. Jebe

Phone: 202 622-7950

RIN: 1545-BE07
DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:

Action

Date

FR Cite

NPRM

03/11/05

70 FR 12166

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Charles B. Christopher

Phone: 202 622-4580

Charles B. Christopher

Phone: 202 622-4580

Related RIN: Related to 1545-BC93, Related to 1545-BE02, Related to 1545-BE01

RIN: 1545-BE08
INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL

PROPERTY CONTRIBUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Timetable:

Action

Date

FR Cite

NPRM

05/23/05

70 FR 29460

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Matthew P. Howard

Phone: 202 622-4910

RIN: 1545-BE11
EMPLOYER COMPARABLE CONTRIBUTIONS TO HEALTH SAVINGS ACCOUNTS UNDER

SECTION 4980G

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 54

Timetable:

Action

Date

FR Cite

Hearing

02/23/06

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Agency Contact: Shoshanna Tanner

Phone: 202 622-6080

RIN: 1545-BE30
DOMESTIC WORKERS REGULATION UPDATE (APPLICATION OF THE FEDERAL

INSURANCE CONTRIBUTIONS ACT TO PAYMENTS MADE FOR CERTAIN SERVICES)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Timetable:

Action

Date

FR Cite

NPRM

08/26/05

70 FR 50228

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sylvan V. Boominathan

Phone: 202 622-0047

RIN: 1545-BE32
LIMITATION ON TRANSFER OF BUILT-IN LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jay M. Singer

Phone: 202 622-7530

Related RIN: Related to 1545-BE59

RIN: 1545-BE58
SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301

Timetable:

Action

Date

FR Cite

NPRM

11/07/05

70 FR 67397

Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Allen David Madison

Phone: 202 622-4940

Fax: 202 622-1585

Email: allen.d.madison@irscounsel.treas.gov

Related RIN: Related to 1545-BE63

RIN: 1545-BE62
CONVERTING AN IRA ANNUITY TO A ROTH IRA

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

CFR Citation: Not Yet Determined

Timetable:

Action

Date

FR Cite

NPRM

08/22/05

70 FR 48924

Next Action Undetermined

Page 23164

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Cathy A. Vohs

Phone: 202 622-6090

Related RIN: Related to 1545-BE66

RIN: 1545-BE65
ABANDONMENT OF STOCK AND OTHER SECURITIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sean Dwyer

Phone: 202 622-5020

RIN: 1545-BE80
FOREIGN CURRENCY CONTRACT DEFINED

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen J. Coleman

Phone: 202 622-6289

Related RIN: Related to 1545-BE83

RIN: 1545-BE82
TREATMENT OF EXCESS LOSS ACCOUNTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:

Action

Date

FR Cite

NPRM

01/26/06

71 FR 4319

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theresa M. Kolish

Phone: 202 622-7530

Fax: 202 622-7556

Email: theresa.m.kolish@irscounsel.treas.gov

Theresa M. Kolish

Phone: 202 622-7530

Fax: 202 622-7556

Email: theresa.m.kolish@irscounsel.treas.gov

RIN: 1545-BE87
APPLICATION OF SECTION 338 TO INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mark Weiss

Phone: 202 622-7790

Related RIN: Related to 1545-AY49

RIN: 1545-BF02
FAILURE TO MAINTAIN LIST OF ADVISEES WITH

RESPECT TO REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6708-1T

Legal Deadline: None

Abstract: Temporary regulation regarding the penalty imposed under section 6708 for a person required to maintain a list under section 6112 who fails to make the list available upon the request by the

Secretary.

Timetable:

Action

Date

FR Cite

Interim Final Rule

To Be

Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-160873-04

Drafting attorney: Allen David Madison (202) 622-4940

Reviewing attorney: Janice Feldman (202) 622-4940

CC: PA: APJ

Agency Contact: Allen David Madison, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, CC: PA: APJP: B02, Washington, DC 20224

Phone: 202 622-4940

Fax: 202 622-1585

Email: allen.d.madison@irscounsel.treas.gov

RIN: 1545-BF38
FAILURE TO MAINTAIN LIST OF ADVISEES WITH

RESPECT TO REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6708-1

Legal Deadline: None

Abstract: Proposed regulation regarding the penalty imposed under section 6708 for a person required to maintain a list under section 6112 who fails to make the list available upon the request by the

Secretary.

Timetable:

Action

Date

FR Cite

NPRM

To Be

Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-160873-04

Drafting attorney: Allen David Madison (202) 622-4940

Reviewing attorney: Janice Feldman (202) 622-4940

CC: PA: APJ

Agency Contact: Allen David Madison, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, CC: PA: APJP: B02, Washington, DC 20224

Phone: 202 622-4940

Fax: 202 622-1585

Email: allen.d.madison@irscounsel.treas.gov

RIN: 1545-BF39
ACCURACY-RELATED PENALTIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6662A; 26 USC 6662; 26 USC 6664; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations regarding the new provisions and

Page 23165

amendments made to code sections 6662, 6662A, and 6664 by the American

Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.

Timetable:

Action

Date

FR Cite

Temporary Regulations

To Be

Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160870-04

Drafting Attorney: Laura R. Urich (202) 622-4940

CC: PA: APJ

Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4940

Fax: 202 622-1585

Email: laura.r.urich@irscounsel.treas.gov

RIN: 1545-BF41

Department of the Treasury (TREAS)

Completed Actions

Internal Revenue Service (IRS)
ESCROW FUNDS AND OTHER SIMILAR FUNDS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9249

02/07/06

71 FR 6197

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Richard Shevak

Phone: 202 622-8142

Related RIN: Related to 1545-BD19

RIN: 1545-AR82
DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9234

12/19/05

70 FR 75028

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Johanna Som de Cerff

Phone: 202 622-3980

RIN: 1545-AU98
HIGHWAY VEHICLE--DEFINITION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 48

Completed:

Reason

Date

FR Cite

NPRM Withdrawn

08/10/05

70 FR 47160

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Celia A. Gabrysh

Phone: 202 622-3130

RIN: 1545-AX10
NORMAL RETIREMENT AGE FOR PENSION PLANS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

No Further Action Contemplated 04/07/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Janet A. Laufer

Phone: 202 622-6080

RIN: 1545-AY61
TAX TREATMENT OF CAFETERIA PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Incorporated into RIN 1545-BF00 04/07/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Shoshanna Tanner

Phone: 202 622-6080

RIN: 1545-AY67
MERGERS INVOLVING DISREGARDED ENTITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9242

01/26/06

71 FR 4259

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard M. Heinecke

Phone: 202 622-7930

Related RIN: Related to 1545-BB46

RIN: 1545-BA06
PROVISIONS REGARDING CROSS-BORDER TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action completed by TD 9243

01/26/06

71 FR 4276

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert W. Lorence

Phone: 202 622-3860

RIN: 1545-BA65

Page 23166
REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9241

01/24/06

71 FR 4002

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Faith Colson

Phone: 202 622-3060

Related RIN: Related to 1545-AU15

RIN: 1545-BA83
COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 40; 26 CFR 49

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9221

08/25/05

70 FR 49869

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Taylor Cortright

Phone: 202 622-3130

Related RIN: Related to 1545-BB76

RIN: 1545-BB75
APPLICATION OF NONDISCRIMINATION CROSS-TESTING RULES TO CASH

BALANCE PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

No Further Action Contemplated 04/07/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Linda S.F. Marshall

Phone: 202 622-6090

Related RIN: Related to 1545-BA10

RIN: 1545-BB79
DETERMINATION OF SINGLE-SUM DISTRIBUTIONS FROM CASH BALANCE PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

No Further Action Contemplated 04/07/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Organizations

Government Levels Affected: None

Agency Contact: Linda S.F. Marshall

Phone: 202 622-6090

RIN: 1545-BB93
DETERMINATION OF BASIS OF SECURITIES RECEIVED IN EXCHANGE OR WITH

RESPECT TO A STOCK OR SECURITIES IN CERTAIN TRANSACTIONS

Priority: Other Significant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9244

01/26/06

71 FR 4264

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theresa M. Kolish

Phone: 202 622-7530

Fax: 202 622-7556

Email: theresa.m.kolish@irscounsel.treas.gov

RIN: 1545-BC05
VALUE OF LIFE INSURANCE WHEN DISTRIBUTED FROM A QUALIFIED

RETIREMENT PLAN

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9223

08/29/05

70 FR 50967

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bruce Perlin

Phone: 202 622-6090

RIN: 1545-BC20
SECTION 411(D)(6) PROTECTED BENEFITS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 54

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9219

08/12/05

70 FR 47109

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Pamela R. Kinard

Phone: 202 622-6060

RIN: 1545-BC26
GUIDANCE ON PFIC PURGING ELECTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action completed by TD 9231

12/08/05

70 FR 72914

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ethan A. Atticks

Phone: 202 622-3840

RIN: 1545-BC49
PARTNERSHIPS AND DEEMED DISPOSITIONS OF UNREALIZED RECEIVABLES AND

INVENTORY ITEMS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Page 23167

Completed:

Reason

Date

FR Cite

Withdrawn

02/08/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Charlotte Chyr

Phone: 202 622-3070

RIN: 1545-BC65
GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS

OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9192

03/22/05

70 FR 14395

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amber R. Cook

Phone: 202 622-7530

Related RIN: Related to 1545-BC38, Related to 1545-BC39

RIN: 1545-BC74
DETERMINATION OF RESIDENCY IN U.S. POSSESSIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action completed by TD 9248

01/31/06

71 FR 4996

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: J. David Varley

Phone: 202 435-5265

RIN: 1545-BC86
SICKNESS OR ACCIDENT DISABILITY PAYMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9233

12/15/05

70 FR 74198

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Agency Contact: David R. Ford

Phone: 202 622-6040

RIN: 1545-BC89
GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS

OF A CONSOLIDATED GROUP; COMPUTATION OF TAXABLE INCOME WHEN SECTION 108

APPLIES TO A MEMBER OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9192

03/22/05

70 FR 14395

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amber R. Cook

Phone: 202 622-7530

Related RIN: Related to 1545-BC96

RIN: 1545-BC95
DEEMED IRAS IN GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

No Further Action Contemplated 04/07/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda L. Conway

Phone: 202 622-6090

RIN: 1545-BD07
CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Withdrawn

02/17/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda S.F. Marshall

Phone: 202 622-6090

RIN: 1545-BD13
CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5)

(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Withdrawn

02/17/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda S.F. Marshall

Phone: 202 622-6090

Related RIN: Related to 1545-BD13

RIN: 1545-BD14
STOCK HELD BY FOREIGN INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action completed by TD 9226

10/03/05

70 FR 57509

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sheila Ramaswamy

Phone: 202 622-3870

RIN: 1545-BD27

Page 23168
GUIDANCE ON PFIC PURGING ELECTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action completed by TD 9232

12/08/05

70 FR 72908

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ethan A. Atticks

Phone: 202 622-3840

Related RIN: Related to 1545-BC37

RIN: 1545-BD33
LIFO RECAPTURE UNDER SECTION 1363(D)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9210

07/12/05

70 FR 39920

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Pietro E. Canestrelli

Phone: 202 622-3060

Related RIN: Related to 1545-BC66

RIN: 1545-BD34
CLARIFICATION OF DEFINITIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9246

01/30/06

71 FR 4815

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas D. Beem

Phone: 202 622-3860

Related RIN: Related to 1545-BD43

RIN: 1545-BD37
APPLICATION OF SECTION 367 IN CROSS BORDER SECTION 304

TRANSACTIONS; CERTAIN TRANSFERS OF STOCK INVOLVING FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action completed by TD 9250

02/21/06

71 FR 8802

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tasheaya L. Warren Ellison

Phone: 202 622-3870

RIN: 1545-BD46
SECTION 951 PRO RATA RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9222

08/25/05

70 FR 49864

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeffrey L. Vinnik

Phone: 202 622-3840

RIN: 1545-BD49
CONTINUITY OF INTEREST/STOCK FLUCTUATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9225

09/16/05

70 FR 54631

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa S. Dobson

Phone: 202 622-5429

Email: lisa.s.dobson@irscounsel.treas.gov

RIN: 1545-BD53
DISABLED ACCESS CREDIT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

No Further Action Contemplated 04/07/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kelly R. Morrison-Lee

Phone: 202 622-3120

RIN: 1545-BD69
GUIDANCE UNDER SECTION 6501(C)(1) REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:

Reason

Date

FR Cite

Withdrawn

02/10/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Matthew S. Cooper

Phone: 202 622-8445

Fax: 202 622-1585

Email: matthew.s.cooper@irscounsel.treas.gov

RIN: 1545-BD73
GUIDANCE UNDER SECTION 368 REGARDING MERGERS WITH AND INTO A

FOREIGN CORPORATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 368

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9242

01/26/06

71 FR 4259

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard M. Heinecke

Page 23169

Phone: 202 622-7930

RIN: 1545-BD76
CLASSIFICATION OF CERTAIN FOREIGN ENTITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action completed by TD 9235

12/16/05

70 FR 74658

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ronald M. Gootzeit

Phone: 202 622-3860

Related RIN: Related to 1545-BD78

RIN: 1545-BD77
CLASSIFICATION OF CERTAIN FOREIGN ENTITIES (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action completed by TD 9197

04/14/05

70 FR 19697

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ronald M. Gootzeit

Phone: 202 622-3860

Related RIN: Related to 1545-BD77

RIN: 1545-BD78
SECTION 1374 EFFECTIVE DATES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9236

12/21/05

70 FR 75730

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Stephen R. Cleary

Phone: 202 622-7750

Related RIN: Related to 1545-BD99

RIN: 1545-BD95
DISCLOSURE OF RELATIVE VALUES OF OPTIONAL FORMS OF BENEFIT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Rule

03/24/06

71 FR 14798

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Bruce Perlin

Phone: 202 622-6090

RIN: 1545-BD97
EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944

(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9239

01/03/06

71 FR 6

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Federal

Agency Contact: Raymond Bailey

Phone: 202 622-4910

Related RIN: Related to 1545-BD93

RIN: 1545-BE00
DESIGNATED ROTH CONTRIBUTIONS UNDER CASH OR DEFERRED ARRANGEMENTS

UNDER SECTION 401(K)

Priority: Substantive, Nonsignificant

CFR Citation: None

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9237

01/03/06

71 FR 6

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: R. Lisa Mojiri-Azad

Phone: 202 622-6080

RIN: 1545-BE05
DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF AGRICULTURE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9245

02/22/06

71 FR 8945

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Deborah C. Lambert-Dean

Phone: 202 622-4570

RIN: 1545-BE15
EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action completed by TD 9218

08/08/05

70 FR 45529

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Patricia A. Bray

Phone: 202 622-3880

RIN: 1545-BE16
BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE

PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 801

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9227

10/17/05

70 FR 60214

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Karen Keller

Page 23170

Phone: 202 622-7919

Related RIN: Related to 1545-BE45

RIN: 1545-BE46
MODIFICATIONS TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9239

01/03/06

71 FR 46

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Audra M. Dineen

Phone: 202 622-4940

Related RIN: Related to 1545-BE49, Merged with 1545-BD93, Merged with 1545-BE00

RIN: 1545-BE48
MODIFICATION TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302

(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9239

01/03/06

71 FR 46

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Audra M. Dineen

Phone: 202 622-4940

Related RIN: Related to 1545-BE48, Merged with 1545-BD93, Merged with 1545-BE00

RIN: 1545-BE49
LOW-INCOME HOUSING CREDIT ALLOCATION AND CERTIFICATION; REVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9228

11/07/05

70 FR 67355

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Paul F. Handleman

Phone: 202 622-3040

RIN: 1545-BE50
APPLICATION OF THE FEDERAL INSURANCE CONTRIBUTIONS ACT, FEDERAL

UNEMPLOYMENT TAX ACT, AND COLLECTION OF INCOME TAX AT SOURCE TO

STATUTORY STOCK OPTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:

Reason

Date

FR Cite

Withdrawn

08/15/05

70 FR 38057

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Paul J. Carlino

Phone: 202 622-0047

Related RIN: Related to 1545-BA26

RIN: 1545-BE60
SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081 (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301

Completed:

Reason

Date

FR Cite

Final Action Completed by TD 9229

11/07/05

70 FR 67350

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Allen David Madison

Phone: 202 622-4940

Fax: 202 622-1585

Email: allen.d.madison@irscounsel.treas.gov

Related RIN: Related to 1545-BE62

RIN: 1545-BE63
CONVERTING AN IRA ANNUITY TO A ROTH IRA (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Temporary Regulation Completed by TD 9220

08/22/05

70 FR 48868

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cathy A. Vohs

Phone: 202 622-6090

Related RIN: Related to 1545-BE65

RIN: 1545-BE66
QUALIFIED SEVERANCE OF A TRUST FOR GENERATION-SKIPPING TRANSFER

(GST) TAX PURPOSES II

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 26

Completed:

Reason

Date

FR Cite

Withdrawn

04/07/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mayer R. Samuels

Phone: 202 622-3090

RIN: 1545-BE70
SPECIAL RULE REGARDING CERTAIN SECTION 951 PRO RATA SHARE

ALLOCATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action completed by TD 9251

02/22/06

71 FR 8943

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jefferson Vanderwolk

Phone: 202 622-3800

RIN: 1545-BE71

Page 23171
GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY FORMER

SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Final Action completed by TD 9238

12/28/05

70 FR 76685

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jefferson VanderWolk

Phone: 202 622-3810

Related RIN: Related to 1545-BE93

RIN: 1545-BE94
CAFETERIA PLANS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:

Reason

Date

FR Cite

Incorporated into RIN 1545-BF00 04/07/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Elizabeth A. Purcell

Phone: 202 622-6080

Related RIN: Related to 1545-BF00

RIN: 1545-BF01
GUIDANCE UNDER SUBPART F RELATING TO

PARTNERSHIPS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 954

Legal Deadline: None

Abstract: These temporary regulations will provide guidance for determining that a CFC's distributive share of partnership income will qualify for the exception contained in section 954(i).

Timetable:

Action

Date

FR Cite

Final Action completed by TD 9240

01/17/06

71 FR 2462

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106418-05

Drafting Attorney: Kate Y. Hwa (202) 622-3840

Reviewing Attorney: Phyllis E. Marcus (202) 622-3840

Treasury Attorney: John Harrington (202) 622-0589

CC: INTL

Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3840

Related RIN: Related to 1545-BE34

RIN: 1545-BF15
INFORMATION REPORTING RELATING TO TAXABLE STOCK

TRANSACTIONS

Priority: Routine and Frequent

Legal Authority: 26 USC 6043(c); 26 USC 6045; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Final regulations requiring information reporting if control of a corporation is acquired, or the corporation has a substantial change in capital structure. Final regulations concerning information reporting requirements for brokers with respect to transactions described in IRC section 6043(c).

Timetable:

Action

Date

FR Cite

Final Action Completed by TD 9230

12/05/05

70 FR 72376

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-156232-03

Drafting attorney: Michael E. Hara (202) 622-4910

Reviewing attorney: Tiffany P. Smith (202) 622-4910

CC: PA: APJ

Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-4910

RIN: 1545-BF18
PROCEDURES FOR ADMINISTRATIVE REVIEW OF A

DETERMINATION THAT AN AUTHORIZED RECIPIENT HAS FAILED TO SAFEGUARD

FEDERAL TAX RETURNS OR RETURN INFORMATION (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Treasury regulation section 301.6103(p)(7)-1 is withdrawn.

This NPRM and cross-referenced temporary regulation provide the notice, appeal, and disclosure termination procedures applicable to authorized recipients of Federal tax returns and return information who fail to provide proper safeguarding of the information.

Timetable:

Action

Date

FR Cite

Final Rule

02/24/06

71 FR 9449

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157271-05

Drafting attorney: Melinda K. Fisher (202) 622-4580

Reviewing attorney: Margo L. Stevens (202) 622-4560

CC:PA:DPL

Agency Contact: Melinda K. Fisher, Attorney, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20024

Phone: 202 622-4580

Related RIN: Related to 1545-BF21

RIN: 1545-BF22
ALLOCATION AND APPORTIONMENT OF EXPENSES;

ALTERNATIVE METHOD FOR DETERMINING TAX BOOK VALUE OF ASSETS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 0864

Page 23172

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This final rule provides guidance with respect to methods of apportioning interest expenses under section 864(e).

Timetable:

Action

Date

FR Cite

Final Action completed by TD 9247

01/30/06

71 FR 4813

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-129447-01

Drafting Attorney: David F. Bergkuist (202) 622-3850

Reviewing Attorney: Anne O. Devereaux (202) 622-3850

Treasury Attorney: John Harrington (202) 622-0589

CC:INTL

Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-3850

Related RIN: Related to 1545-BA02, Related to 1545-BA92

RIN: 1545-BF23
AGENT OF THE GROUP ISSUES UNDER SECTION 7874

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: In general, the common parent of an affilated group of corporations filing a consolidated Federal income tax return is the

``agent for the group'' that the IRS deals with for tax matters affecting all corporations in the group. Under new Internal Revenue

Code section 7874, a foreign corporation may sometimes be the common parent of a consolidated group. To avoid potential problems for the IRS in dealing with a foreign common parent, the regulations would require that a group member incorporated in the United States be the agent for the group.

Timetable:

Action

Date

FR Cite

Final Rule

03/14/06

71 FR 13001

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-164247-05

Drafting attorney: Stephen R. Cleary (202) 622-7750

CC:COR

Agency Contact: Stephen R. Cleary, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7750

Related RIN: Related to 1545-BF31

RIN: 1545-BF30
AGENT OF THE GROUP ISSUES UNDER SECTION 7874

(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: In general, the common parent of an affiliated group of corporations filing a consolidated Federal income tax return is the

``agent for the group'' that the IRS deals with for tax matters affecting all corporations in the group. Under new Internal Revenue

Code section 7874, a foreign corporation may sometimes be the common parent of a consolidated group. To avoid potential problems for the IRS in dealing with a foreign common parent, the regulations would require that a group member incorporated in the United States be the agent for the group.

Timetable:

Action

Date

FR Cite

Final Action

03/14/06

71 FR 13001

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-164247-05

Drafting attorney: Stephen R. Cleary (202) 622-7750

CC:COR

Agency Contact: Stephen R. Cleary, Attorney-Advisor, Department of the

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

Washington, DC 20224

Phone: 202 622-7750

Related RIN: Related to 1545-BF30

RIN: 1545-BF31

BILLING CODE 6720--01--S

Department of the Treasury (TREAS)

Prerule Stage

Office of Thrift Supervision (OTS)
PROCEDURES TO ENHANCE THE ACCURACY AND

INTEGRITY OF INFORMATION FURNISHED TO CONSUMER REPORTING AGENCIES UNDER

SECTION 312 OF THE FAIR AND ACCURATE CREDIT TRANSACTIONS ACT

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: 12 CFR 571

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency, Federal

Reserve Board, Federal Deposit Insurance Corporation, Office of Thrift

Supervision, National Credit Union Administration and Federal Trade

Commission are seeking to gather information for developing guidelines and regulations required by section 312 of the Fair and Accurate Credit

Transactions Act (FACT Act). Pursuant to section 312, the agencies must

(1) Establish guidelines for use by persons that furnish information to consumer reporting agencies regarding the accuracy and integrity of the consumer information that they furnish to those agencies; and (2) prescribe regulations that require furnishers to establish reasonable policies and procedures for implementing the guidelines. Section 312 also requires the agencies jointly to prescribe regulations that identify the circumstances under which a furnisher shall be required to reinvestigate a dispute concerning the accuracy of

Page 23173

information contained in a consumer report on a consumer based on a direct request of the consumer.

Timetable:

Action

Date

FR Cite

ANPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glenn S. Gimble, Senior Project Manager, Thrift Policy,

Department of the Treasury, Office of Thrift Supervision, 1700 G Street

NW., Washington, DC 20552

Phone: 202 906-7158

Richard Bennett, Counsel, Regulations and Legislation Division,

Department of the Treasury, Office of Thrift Supervision, 1700 G Street

NW., Washington, DC 20552

Phone: 202 906-7409

RIN: 1550-AC01

Department of the Treasury (TREAS)

Proposed Rule Stage

Office of Thrift Supervision (OTS)
RISK-BASED CAPITAL GUIDELINES; IMPLEMENTATION OF NEW BASEL CAPITAL

ACCORD

Priority: Economically Significant. Major status under 5 USC 801 is undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828 (note)

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: In 2003, the Office of the Comptroller of the Currency, the

Board of Governors of the Federal Reserve System, the Federal Deposit

Insurance Corporation, and the Office of Thrift Supervision

(collectively, the ``Federal Banking Agencies'') sought industry comment on a proposed framework for implementing the New Basel Capital

Accord in the United States. The advance notice of proposed rulemaking

(ANPRM) described significant elements of the Advanced Internal

Ratings-Based approach for credit risk and the Advanced Measurement

Approaches for operational risk (together, the advanced approaches).

The ANPRM specified criteria that would be used to determine banking organizations that would be required to use the advanced approaches, subject to meeting certain qualifying criteria, supervisory standards, and disclosure requirements. Other banking organizations that would meet the criteria, standards, and requirements also would be eligible to use the advanced approaches. Under the advanced approaches, banking organizations would use internal estimates of certain risk components as key inputs in the determination of their regulatory capital requirements.

In the fourth quarter of 2004, the Federal Banking Agencies began a quantitative impact study to help determine the potential impact of implementing the capital framework set forth in the ``International

Convergence of Capital Measurement and Capital Standards: A Revised

Framework,'' which updates and makes some significant revisions to the preliminary New Basel Capital Accord document from 2003, upon which the above ANPRM was based.

After review of the results of the quantitative impact study and after further review and full consideration of public comments received on the ANPRM, the Federal Banking Agencies plan to publish a notice of proposed rulemaking for implementation of this capital framework.

Timetable:

Action

Date

FR Cite

ANPRM

08/04/03

68 FR 45900

ANPRM Comment Period End

11/03/03

NPRM

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michael D. Solomon, Director, Capital Policy,

Department of the Treasury, Office of Thrift Supervision, 1700 G Street

NW., Washington, DC 20552

Phone: 202 906-5654

Karen Osterloh, Special Counsel, Regulations and Legislation Division,

Department of the Treasury, Office of Thrift Supervision, 1700 G Street

NW., Washington, DC 20552

Phone: 202 906-6639

David Riley, Senior Analyst, Capital Policy, Department of the

Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington,

DC 20552

Phone: 202 906-6669

Related RIN: Related to 1550-AB11

RIN: 1550-AB56
SECURITIES-RELATED ACTIVITIES OF SAVINGS ASSOCIATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12

USC 1828; 12 USC 1831o; 12 USC 3806; 42 USC 4106; 44 USC 3501 et seq

CFR Citation: 12 CFR 506; 12 CFR 545; 12 CFR 559; 12 CFR 563

Legal Deadline: None

Abstract: OTS is proposing to reduce regulatory burden by updating and revising its rules on securities-related activities of savings associations. First, the proposed rule describes the existing authority of Federal savings associations to engage in various securities broker, dealer, and underwriting activities under the Home Owners' Loan Act

(HOLA). This description should reduce compliance burdens by making OTS positions regarding the permissibility of these activities readily available to all.

OTS is also updating the existing prohibition on the sale of debt and equity securities issued by a savings association or its affiliate at the offices of a savings association. This change will reduce burden on savings associations by adding new exceptions and by eliminating consumer protection rules that overlap, and in some cases conflict, with other Agency guidance. Finally, the proposed rule would eliminate various obsolete OTS securities activity regulations.

Page 23174

Timetable:

Action

Date

FR Cite

NPRM

06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Federalism: Undetermined

Agency Contact: Judi McCormick, Director, Consumer Protection and

Specialized Programs, Department of the Treasury, Office of Thrift

Supervision, 1700 G Street NW., Washington, DC 20552

Phone: 202 906-5636

Karen Osterloh, Special Counsel, Regulations and Legislation Division,

Department of the Treasury, Office of Thrift Supervision, 1700 G Street

NW., Washington, DC 20552

Phone: 202 906-6639

John P. Harootunian, Senior Attorney, Business Transactions Division,

Department of the Treasury, Office of Thrift Supervision, 1700 G Street

NW., Washington, DC 20552

Phone: 202 906-6415

RIN: 1550-AB92
IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR

FINANCIAL INSTITUTIONS AND CREDITORS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681m; 15 USC 1681c; 15 USC 1681s

CFR Citation: 12 CFR 571

Legal Deadline: None

Abstract: The banking agencies, NCUA, and FTC also plan to issue a proposed rule implementing sections 114 and 315 of the FACT Act.

Section 114 requires the agencies to develop guidelines for use in identifying patterns, practices, and specific forms of activity that indicate the possible existence of identity theft. The agencies are also required to issue regulations requiring each financial institution and creditor to establish reasonable policies and procedures to implement such guidelines. The regulations must contain a provision requiring a card issuer to notify the cardholder if the card issuer receives a notice of change of address for an existing account, and a short time later receives a request for an additional or replacement card. Section 315 requires the agencies to issue regulations regarding reasonable policies and procedures that a user of a consumer report should employ when the user receives a notice of address discrepancy from a consumer reporting agency.

Timetable:

Action

Date

FR Cite

NPRM

04/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism: Undetermined

Agency Contact: Richard Bennett, Counsel, Regulations and Legislation

Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552

Phone: 202 906-7409

Glenn S. Gimble, Senior Project Manager, Thrift Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW.,

Washington, DC 20552

Phone: 202 906-7158

RIN: 1550-AB94
RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES;

MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

Priority: Other Significant. Major status under 5 USC 801 is undetermined.

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828 note

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency, Board of

Governors of the Federal Reserve System, Federal Deposit Insurance

Corporation, and Office of Thrift Supervision are considering various revisions to the risk-based capital framework. In October 2005, the agencies published an ANPRM suggesting various approaches designed to enhance the framework's risk sensitivity and to minimize competitive disparities between larger banking organizations that will be subject to the advanced approaches implemented under the new Basel Capital

Framework and other banking organizations that will not be subject to these advanced approaches. After a review of public comments on the

ANPRM, the agencies plan to publish an NPRM implementing domestic capital modifications.

Timetable:

Action

Date

FR Cite

ANPRM

10/20/05

70 FR 61068

ANPRM Comment Period End

01/18/06

NPRM

05/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism: Undetermined

Agency Contact: Michael D. Solomon, Director, Capital Policy,

Department of the Treasury, Office of Thrift Supervision, 1700 G Street

NW., Washington, DC 20552

Phone: 202 906-5654

Teresa Scott, Counsel (Banking and Finance), Department of the

Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington,

DC 20552

Phone: 202 906-6478

Karen Osterloh, Special Counsel, Regulations and Legislation Division,

Department of the Treasury, Office of Thrift Supervision, 1700 G Street

NW., Washington, DC 20552

Phone: 202 906-6639

RIN: 1550-AB98
FEDERAL SAVINGS ASSOCIATION BYLAWS; INTEGRITY

OF DIRECTORS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 2901 et seq

CFR Citation: 12 CFR 544; 12 CFR 552

Legal Deadline: None

Abstract: OTS is proposing to change its regulations concerning corporate governance to include a preapproved bylaw that federally chartered savings associations and mutual holding companies may adopt to preclude persons who, among other things, are under indictment for or have been convicted of certain crimes involving dishonesty or breach of trust, or have

Page 23175

been subject to certain cease and desist orders entered by any of the banking agencies, from being members of or nominating others to be on the Federal Savings Association's or mutual holding company's board of directors.

Timetable:

Action

Date

FR Cite

NPRM

02/14/06

71 FR 7695

NPRM Comment Period End

04/17/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Aaron Kahn, Assistant Chief Counsel, Business

Transactions Division, Department of the Treasury, Office of Thrift

Supervision, 1700 G Street NW., Washington, DC 20552

Phone: 202 906-6263

Don Dwyer, Director, Applications, Examinations and Supervision -

Operations, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552

Phone: 202 906-6414

RIN: 1550-AC00
RISK BASED CAPITAL--MARKET RISK RULE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828 note

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: The OTS is proposing a market risk capital rule that would require certain savings associations to adjust their risk-based capital ratios to explicitly reflect market risk. The proposed rule would be substantively identical to the rules adopted by the other banking agencies (OCC, FRB, and FDIC), including rules reflecting the agencies' views on the U.S. implementing trading book improvements in international accords.

Timetable:

Action

Date

FR Cite

NPRM

05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Austin C. Hong, Senior Analyst, Department of the

Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington,

DC 20552

Phone: 202 906-6389

Christine Smith, Project Manager for Supervision Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW.,

Washington, DC 20552

Phone: 202 906-5740

Karen Osterloh, Special Counsel, Regulations and Legislation Division,

Department of the Treasury, Office of Thrift Supervision, 1700 G Street

NW., Washington, DC 20552

Phone: 202 906-6639

RIN: 1550-AC02

Department of the Treasury (TREAS)

Final Rule Stage

Office of Thrift Supervision (OTS)
FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS

Priority: Other Significant

Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828; 12 USC 1831p-1; 12 USC 1881 to 1884; 15 USC 1681b; 15 USC 1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805(b)(1); PL 108-159, sec 214, 117 Stat 1952

CFR Citation: 12 CFR 571

Legal Deadline: Final, Statutory, September 4, 2004.

Section 214 of the FACT Act adds a new section 624 to the FCRA. This new provision gives consumers the right to restrict a person from using certain information about a consumer obtained from an affiliate to make solicitations to that consumer. That section also requires the

Agencies, in consultation and coordination with each other, to issue regulations in final form implementing section 214 not later than 9 months after the date of enactment--effective not later than September 4, 2004.

Abstract: OCC, the Board, FDIC, OTS, and NCUA (Agencies) published for comment proposed regulations to implement the affiliate marketing provisions in section 214 of the Fair and Accurate Credit Transactions

Act of 2003, which amends the Fair Credit Reporting Act. The proposed regulations generally prohibit a person from using information received from an affiliate to make a solicitation for marketing purposes to a consumer, unless the consumer is given notice and an opportunity and simple method to opt out of the making of such solicitations.

The comment period closed in August 2004 and the final rule is being developed by the various agencies.

Timetable:

Action

Date

FR Cite

NPRM

07/15/04

69 FR 42502

NPRM Comment Period End

08/16/04

Final Rule

04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glenn S. Gimble, Senior Project Manager, Thrift Policy,

Department of the Treasury, Office of Thrift Supervision, 1700 G Street

NW., Washington, DC 20552

Phone: 202 906-7158

Richard Bennett, Counsel, Regulations and Legislation Division,

Department of the Treasury, Office of Thrift Supervision, 1700 G Street

NW., Washington, DC 20552

Phone: 202 906-7409

Related RIN: Related to 1550-AB33

RIN: 1550-AB90

Page 23176
SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR

EMPLOYEES OF THE DEPARTMENT OF TREASURY

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 7301; 5 USC 7353; 5 USC App. (Ethics in Government Act of 1978); 18 USC 212; 18 USC 213; 26 USC 7214(b); EO 12674, 54 FR 15159, 3 CFR, 1989 Comp., p. 215, as modified by EO 12731, 55 FR 42547, 3 CFR, 1990 Comp., p. 306; 5 CFR 2635.105; 5 CFR 2635.203(a); 5 CFR 2635.403(a); 5 CFR 2635.803; 5 CFR 2635.807(a)(2)(ii)

CFR Citation: 5 CFR Part 3101

Legal Deadline: None

Abstract: The Department of the Treasury (Department) is amending the

Supplemental Standards of Ethical Conduct for Employees of the

Department. The final rule revises the circumstances under which covered Office of Thrift Supervision (OTS) employees may obtain credit cards and loans secured by a principal residence from OTS-regulated savings associations or their subsidiaries. This amendment also modifies rules on disqualifications.

Timetable:

Action

Date

FR Cite

Final Rule

04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Peter Coniglio, Senior Ethics Counsel, Department of the Treasury, 15th & Pennsylvania Avenue NW, Washington, DC 20220

Phone: 202 622-3824

Elizabeth Moore, Special Counsel, Litigation Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street, NW.,

Washington, DC 20552

Phone: 202 906-7039

RIN: 1550-AC03

Department of the Treasury (TREAS)

Long-Term Actions

Office of Thrift Supervision (OTS)
COMMUNITY REINVESTMENT ACT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 563e

Timetable:

Action

Date

FR Cite

Joint ANPRM

07/19/01

66 FR 37602

Joint ANPRM Comment Period End 10/17/01

NPRM

02/06/04

69 FR 5729

NPRM Comment Period End

04/06/04

Final Rule

08/18/04

69 FR 51155

Final Rule Effective

10/01/04

Second NPRM

11/24/04

69 FR 68257

Second NPRM Comment Period End 01/24/05

Final Rule

03/02/05

70 FR 10023

Final Rule Effective

04/01/05

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Celeste Anderson

Phone: 202 906-7990

Richard Bennett

Phone: 202 906-7409

RIN: 1550-AB48

Department of the Treasury (TREAS)

Completed Actions

Office of Thrift Supervision (OTS)
FAIR CREDIT REPORTING MEDICAL INFORMATION REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 571

Completed:

Reason

Date

FR Cite

Interim Final Rule

06/10/05

70 FR 33958

Interim Final Rule Comment

Period End

07/11/05

Interim Final Rule Effective 03/07/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Richard Bennett

Phone: 202 906-7409

Glenn S. Gimble

Phone: 202 906-7158

RIN: 1550-AB88
SPECIAL RULES FOR ADJUDICATORY PROCEEDINGS FOR CERTAIN HOLDING

COMPANIES

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 509

Completed:

Reason

Date

FR Cite

Interim Final Rule Effective 04/01/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Donna Deale

Phone: 202 906-7488

Aaron Kahn

Phone: 202 906-6263

RIN: 1550-AB96
ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 507; 12 CFR 509

Completed:

Reason

Date

FR Cite

Final Action

11/17/05

70 FR 69634

Final Action Effective

12/17/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Page 23177

Government Levels Affected: None

Agency Contact: Karen Osterloh

Phone: 202 906-6639

Elizabeth Moore

Phone: 202 906-7039

Lori J. Quigley

Phone: 202 906-6265

RIN: 1550-AB99

FR Doc. 06-3048 Filed 04-21-06; 8:45 am

BILLING CODE 6720-01-S

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