Rules Regarding Certain Hybrid Arrangements; Hearing Cancellation

• Published date: 20 March 2019
• Citation: 84 FR 10274
• Record Number: 2019-05371
• Section: Proposed rules
• Court: Internal Revenue Service

10274

Federal Register / Vol. 84, No. 54 / Wednesday, March 20, 2019 / Proposed Rules

assessment of the fee is warranted with

regard to a particular national bank,

Federal branch or agency of a foreign

bank, or Federal savings association

because of the high risk or unusual

nature of the activities performed; the

significance to the national bank’s,

Federal branch’s or agency’s, or Federal

saving association’s operations and

income of the activities performed; or

the extent to which the national bank,

Federal branch or agency, or Federal

savings association has sufficient

systems, controls, and personnel to

adequately monitor, measure, and

control risks arising from such

activities;

* * * * *

(c) * * * (1) * * *

(iii) Surcharge based on the condition

of the independent trust national bank

or of the independent trust Federal

savings association. Subject to any limit

that the OCC prescribes in the ‘‘Notice

of Office of the Comptroller of the

Currency Fees and Assessments,’’ the

OCC shall adjust the semiannual

assessment computed in accordance

with paragraphs (c)(1)(i) and (ii) of this

section by multiplying that figure by 1.5

for each independent trust national

bank and independent trust Federal

savings association that receives a

composite UFIRS rating of 3 at its most

recent examination prior to December

31 or June 30, as appropriate, and by 2.0

for each independent trust national

bank and independent trust Federal

savings association that receives a

composite UFIRS rating of 4 or 5 at such

examination.

* * * * *

■4. Section 8.7 is amended by revising

paragraphs (a) and (b) to read as follows:

§ 8.7 Payment of interest on delinquent

assessments and examination and

investigation fees.

(a) Each national bank, Federal

savings association, Federal branch, and

Federal agency shall pay to the OCC

interest on its delinquent payments of

semiannual assessments. In addition,

each institution subject to a special

examination or investigation fee shall

pay to the OCC interest on its

delinquent payments of special

examination and investigation fees.

Semiannual assessment payments will

be considered delinquent if they are

received after the time for payment

specified in § 8.2. Special examination

and investigation fees will be

considered delinquent if not received by

the OCC within 30 calendar days of the

invoice date.

(b) In the event that an institution

believes that the notice of assessments

or special examination and investigation

fees contains an error or miscalculation,

the institution may provide the OCC

with a written request for a revised

notice and a refund of any

overpayments. Any such request for a

revised notice and refund must be made

after timely payment of the semiannual

assessment under the dates specified in

§ 8.2 or timely payment of the special

examination and investigation fee

within 30 calendar days of the invoice

date.

(1) Within 30 calendar days of receipt

of such notice, the OCC shall either—

(i) Refund the amount of the

overpayment; or

(ii) Provide notice of its unwillingness

to accept the request for a revised notice

of assessments. In the latter instance,

the OCC and the entity claiming the

overpayment shall thereafter attempt to

reach agreement on the amount, if any,

to be refunded; the OCC shall refund

this amount within 30 calendar days of

such agreement.

(2) The OCC shall be considered

delinquent if it fails to return an

overpayment in accordance with the

time limitations specified in this

paragraph (b). The OCC shall pay

interest on any such delinquent

payments.

* * * * *

■5. Section 8.8 is amended by revising

the section heading and paragraph (b) to

read as follows:

§ 8.8 Notice of Office of the Comptroller of

the Currency fees and assessments.

* * * * *

(b) Interim and amended notice of

fees. The OCC may issue a ‘‘Notice of

Interim Office of the Comptroller of the

Currency Fees and Assessments’’ or a

‘‘Notice of Amended Office of the

Comptroller of the Currency Fees and

Assessments’’ from time to time

throughout the year as necessary.

Interim or amended notices will be

effective 30 days after issuance.

Dated: March 13, 2019.

Joseph M. Otting,

Comptroller of the Currency.

[FR Doc. 2019–05128 Filed 3–19–19; 8:45 am]

BILLING CODE 4810–33–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 301

[REG–104352–18]

RIN 1545–BO53

Rules Regarding Certain Hybrid

Arrangements; Hearing Cancellation

AGENCY

: Internal Revenue Service (IRS),

Treasury.

ACTION

: Cancellation of notice of public

hearing on proposed rulemaking.

SUMMARY

: This document cancels a

public hearing on proposed regulations

to implement sections of the Internal

Revenue Code regarding hybrid

dividends and certain amounts paid or

accrued in hybrid transactions or with

hybrid entities, and to provide rules

under the Code to prevent the same

deduction from being claimed under the

tax laws of both the United States and

a foreign country.

DATES

: The public hearing, originally

scheduled for March 20, 2019 at 10 a.m.

is cancelled.

ADDRESSES

: The cancelled hearing was

originally scheduled to be held at the

Internal Revenue Service Building, 1111

Constitution Avenue NW, Washington,

DC 20224.

FOR FURTHER INFORMATION CONTACT

:

Regina Johnson, Publications and

Regulations Specialist at (202) 317–6901

(not a toll-free number).

SUPPLEMENTARY INFORMATION

: A notice

of proposed rulemaking and notice of

public hearing that appeared in the

Federal Register on Friday, March 8,

2019 (8 FR 8488) announced that a

public hearing was scheduled March 20,

2019 at 10 a.m. in the IRS Auditorium,

Internal Revenue Service Building, 1111

Constitution Avenue NW, Washington,

DC. The subject of the public hearing is

under sections 245, 267, 1503, and 7701

of the Internal Revenue Code.

This document cancels a public

hearing on proposed regulations to

implement sections 245A(e) and 267A

of the Internal Revenue Code (Code)

rules regarding hybrid dividends and

certain amounts paid or accrued in

hybrid transactions or with hybrid

entities, and to provide rules under

sections 1503(d) and 7701 of the Code

to prevent the same deduction from

being claimed under the tax laws of

both the United States and a foreign

country. The public comment period for

these regulations expired on March 15,

2019.

The notice of proposed rulemaking

and notice of hearing instructed those

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10275

Federal Register / Vol. 84, No. 54 / Wednesday, March 20, 2019 / Proposed Rules

interested in testifying at the public

hearing to submit an outline of the

topics to be discussed. The outline of

topics to be discussed was due by

March 15, 2019. As of March 15, 2019,

no one has requested to speak.

Therefore, the public hearing scheduled

for March 20, 2019 at 10 a.m. is

cancelled.

Martin V. Franks,

Branch Chief, Publications and Regulations

Branch, Legal Processing Division, Associate

Chief Counsel.

[FR Doc. 2019–05371 Filed 3–18–19; 11:15 am]

BILLING CODE 4830–01–P

FEDERAL COMMUNICATIONS

COMMISSION

47 CFR Parts 1 and 90

[WP Docket Nos. 15–32 and 16–261, RM–

11572, RM–11719 and RM–11722; Report

No. 3115]

Petition for Reconsideration of Action

in Rulemaking Proceeding

AGENCY

: Federal Communications

Commission.

ACTION

: Petition for reconsideration.

SUMMARY

: Petitions for Reconsideration

(Petitions) have been filed in the

Commission’s rulemaking proceeding

by John A. Prendergast, on behalf of The

Monitoring Associations and David

Smith on behalf of Land Mobile

Communications Council.

DATES

: Oppositions to the Petitions

must be filed on or before April 4, 2019.

Replies to an opposition must be filed

on or before April 15, 2019.

ADDRESSES

: Federal Communications

Commission, 445 12th Street SW,

Washington, DC 20554.

FOR FURTHER INFORMATION CONTACT

:

Michael Wilhelm, email:

Michael.wilhelm@fcc.gov; and Scot

Stone, email: Scot.stone@fcc.gov.

SUPPLEMENTARY INFORMATION

: This is a

summary of the Commission’s

document, Report No. 3115, released

March 6, 2019. The full text of the

Petitions is available for viewing and

copying at the FCC Reference

Information Center, 445 12th Street SW,

Room CY–A257, Washington, DC 20554.

They also may be accessed online via

the Commission’s Electronic Comment

Filing System at: http://apps.fcc.gov/

ecfs/. The Commission will not send a

Congressional Review Act (CRA)

submission to Congress or the

Government Accountability Office

pursuant to the CRA, 5 U.S.C. because

no rules are being adopted by the

Commission.

Subject: Creation of Interstitial 12.5

Kilohertz Channels in the 800 MHz

Band Between 809–817/854–862 MHz);

Amendment of Part 90 of the

Commission’s Rules to Improve Access

to Private Land Mobile Radio Spectrum;

Land Mobile Communications Council,

FCC 18–143, in WP Docket Nos. 15–32

and 16–261; RM–11572, RM–11719, and

RM–11722; published at 83 FR 61072,

November 27, 2018. This document is

being published pursuant to 47 CFR

1.429(e). See also 47 CFR 1.4(b)(1) and

1.429(f), (g).

Number of Petitions Filed: 2.

Federal Communications Commission.

Marlene Dortch,

Secretary, Office of the Secretary.

[FR Doc. 2019–05234 Filed 3–19–19; 8:45 am]

BILLING CODE 6712–01–P

FEDERAL COMMUNICATIONS

COMMISSION

47 CFR Part 73

[MB Docket No. 19–3; FCC 19–9]

Reexamination of the Comparative

Standards and Procedures for

Licensing Noncommercial Educational

Broadcast Stations and Low Power FM

Stations

AGENCY

: Federal Communications

Commission.

ACTION

: Proposed rule.

SUMMARY

: In this document, the

Commission adopted a Notice of

Proposed Rulemaking, in which it

sought comment on several proposals

designed to improve the rules and

procedures to select and license

competing applications for new

noncommercial educational (NCE)

broadcast stations and low power FM

(LPFM) stations.

DATES

: Comments may be filed on or

before May 20, 2019 and reply

comments may be filed on or before

June 18, 2019.

ADDRESSES

: Interested parties may

submit comments and reply comments,

identified by MB Docket No. 19–3, by

any of the following methods:

•Federal Communications

Commission’s Website: http://

www.fcc.gov/ecfs. Follow the

instructions for submitting comments.

•Mail: Filings can be sent by hand or

messenger delivery, by commercial

overnight courier, or by first-class or

overnight U.S. Postal Service mail. All

filings must be addressed to the

Commission’s Secretary, Office of the

Secretary, Federal Communications

Commission.

•People with Disabilities: Contact the

FCC to request reasonable

accommodations (accessible format

documents, sign language interpreters,

CART, etc.) by email: FCC504@fcc.gov

or phone: (202) 418–0530 or TTY: (202)

418–0432. For detailed instructions for

submitting comments and additional

information on the rulemaking process,

see the supplementary information

section of this document.

FOR FURTHER INFORMATION CONTACT

:

Albert Shuldiner, Chief, Media Bureau,

Audio Division, (202) 418–2721; Lisa

Scanlan, Deputy Division Chief, Media

Bureau, Audio Division, (202) 418–

2704; Amy Van de Kerckhove, Attorney

Advisor, Media Bureau, Audio Division,

(202) 418–2726. For additional

information concerning the Paperwork

Reduction Act (PRA) information

collection requirements contained in

this document, contact Cathy Williams

at 202–418–2918, or via the internet at

Cathy.Williams@fcc.gov.

SUPPLEMENTARY INFORMATION

: This is a

summary of the Commission’s Notice of

Proposed Rulemaking (NPRM), MB

Docket No. 19–3; FCC 19–9, adopted on

February 14, 2019, and released on

February 15, 2019. The full text of this

document is available electronically via

the FCC’s Electronic Document

Management System (EDOCS) website

at http://fjallfoss.fcc.gov/edocs_public/

or via the FCC’s Electronic Comment

Filing System (ECFS) website at http://

www.fcc.gov/ecfs. (Documents will be

available electronically in ASCII,

Microsoft Word, and/or Adobe Acrobat.)

This document is also available for

public inspection and copying during

regular business hours in the FCC

Reference Information Center, which is

located in Room CY–A257 at FCC

Headquarters, 445 12th Street SW,

Washington, DC 20554. The Reference

Information Center is open to the public

Monday through Thursday from 8:00

a.m. to 4:30 p.m. and Friday from 8:00

a.m. to 11:30 a.m. The complete text

may be purchased from the

Commission’s copy contractor, 445 12th

Street SW, Room CY–B402, Washington,

DC 20554. Alternative formats are

available for people with disabilities

(braille, large print, electronic files,

audio format), by sending an email to

fcc504@fcc.gov or calling the

Commission’s Consumer and

Governmental Affairs Bureau at (202)

418–0530 (voice), (202) 418–0432

(TTY).

The NPRM may result in new or

revised information collection

requirements. If the Commission adopts

any new or revised information

collection requirements, the

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