[Federal Register Volume 62, Number 148 (Friday, August 1, 1997)]
[Rules and Regulations]
[Pages 41270-41271]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-20359]


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RAILROAD RETIREMENT BOARD

20 CFR Part 340

RIN 3220-AB32


Recovery of Benefits

AGENCY: Railroad Retirement Board.

ACTION: Interim final rule.

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SUMMARY: The Railroad Retirement Board (Board) hereby amends part 340 
of its regulations to reflect its authority to compromise debts 
provided that the amount recoverable does not exceed $100,000 exclusive 
of interest. This amendment would conform the Board's regulations to 
present law.

DATES: Effective Date: This regulation will be effective August 1, 
1997.
    Comment Date: Comments due on or before September 30, 1997.

ADDRESSES: Comments may be mailed to the Secretary to the Board, 
Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 
60611.


[[Page 41271]]


FOR FURTHER INFORMATION CONTACT: Thomas W. Sadler, Senior Attorney, 
Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 
60611, (312) 751-4513, TDD (312) 751-4701.

SUPPLEMENTARY INFORMATION: Section 8(b) of Pub. L. 101-552, enacted 
November 15, 1990, amended section 3711 of title 31 of the United 
States Code to increase from $20,000 to $100,000 (or a higher amount if 
so prescribed by the Attorney General) the amount of a claim that an 
agency is authorized to compromise. Consistent with the change in the 
law, the Board is amending Sec. 340.13 of its regulations under the 
Railroad Unemployment Insurance Act to reflect this change in law.
    Because all Federal agencies must comply with Federal claims 
collection provisions the Board is publishing this rule as an interim 
final rule, rather than a proposed rule. However, any person wishing to 
comment on this rule may do so within 60 days of the date of this 
publication in the Federal Register.
    The Board, with the concurrence of the Office of Management and 
Budget, has determined that this is not a major rule for the purposes 
of Executive Order 12866. Therefore, no regulatory analysis is 
required. This rule does not involve any information collection 
requirements.

List of Subjects in 20 CFR Part 340

    Railroad employees, Railroad unemployment benefits.

    For the reasons set out in the preamble, title 20, chapter II, part 
340 of the Code of Federal Regulations is amended as follows:

PART 340--RECOVERY OF BENEFITS

    1. The authority for part 340 continues to read as follows:

    Authority: 45 U.S.C. 362(l).


Sec. 340.13  Compromise of amounts recoverable.

    2. Section 340.13, Compromise of amounts recoverable, is amended by 
removing ``$20,000.'' at the end of the first sentence and adding in 
lieu thereof ``$100,000, excluding interest, or such higher amount as 
the Attorney General may from time to time prescribe.'' * * *

    Dated: July 25, 1997.

    By Authority of the Board, for the Board.
Beatrice Ezerski,
Secretary to the Board.
[FR Doc. 97-20359 Filed 7-31-97; 8:45 am]
BILLING CODE 7905-01-P