[Federal Register Volume 79, Number 4 (Tuesday, January 7, 2014)]
[Proposed Rules]
[Pages 1210-1213]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-29638]



[[Page 1209]]

Vol. 79

Tuesday,

No. 4

January 7, 2014

Part XIV





Department of the Treasury





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Semiannual Regulatory Agenda

  Federal Register / Vol. 79 , No. 4 / Tuesday, January 7, 2014 / 
Unified Agenda  

[[Page 1210]]


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DEPARTMENT OF THE TREASURY

31 CFR Subtitles A and B


Semiannual Agenda and Fiscal Year 2014 Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda and annual regulatory plan.

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SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act and Executive Order (EO) 12866 (``Regulatory 
Planning and Review''), which require the publication by the Department 
of a semiannual agenda of regulations. EO 12866 also requires the 
publication by the Department of a regulatory plan for the upcoming 
fiscal year.

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

SUPPLEMENTARY INFORMATION: The semiannual regulatory agenda includes 
regulations that the Department has issued or expects to issue and 
rules currently in effect that are under departmental or bureau review. 
For this edition of the regulatory agenda, the most important 
significant regulatory actions and a Statement of Regulatory Priorities 
are included in the Regulatory Plan, which appears in both the online 
Unified Agenda and in part II of the Federal Register publication that 
includes the Unified Agenda.
    Beginning with the fall 2007 edition, the Internet has been the 
primary medium for disseminating the Unified Agenda. The complete 
Unified Agenda will be available online at www.reginfo.gov and 
www.regulations.gov, in a format that offers users an enhanced ability 
to obtain information from the Agenda database. Because publication in 
the Federal Register is mandated for the regulatory flexibility agenda 
required by the Regulatory Flexibility Act (5 U.S.C. 602), Treasury's 
printed agenda entries include only:
    (1) Rules that are in the regulatory flexibility agenda, in 
accordance with the Regulatory Flexibility Act, because they are likely 
to have a significant economic impact on a substantial number of small 
entities; and
    (2) Rules that have been identified for periodic review under 
section 610 of the Regulatory Flexibility Act.
    Printing of these entries is limited to fields that contain 
information required by the Regulatory Flexibility Act's Agenda 
requirements. Additional information on these entries is available in 
the Unified Agenda published on the Internet. In addition, for fall 
editions of the Agenda, the entire Regulatory Plan will continue to be 
printed in the Federal Register, as in past years.
    The semiannual agenda and The Regulatory Plan of the Department of 
the Treasury conform to the Unified Agenda format developed by the 
Regulatory Information Service Center (RISC).

    Dated: August 27, 2013.
Brian J. Sonfield,
Deputy Assistant General Counsel for General Law and Regulation.

             Comptroller of the Currency--Completed Actions
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                                                           Regulation
       Sequence No.                    Title             Identifier No.
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381.......................  Strengthening Tier 1               1557-AD46
                             Capital Other Capital
                             Enhancements,
                             Standardized Approach
                             (Basel III).
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              Internal Revenue Service--Proposed Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
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382.......................  Reporting and Notice               1545-BL26
                             Requirements Under
                             Section 6056.
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DEPARTMENT OF THE TREASURY (TREAS)

Comptroller of the Currency (OCC)

Completed Actions

381. Strengthening Tier 1 Capital Other Capital Enhancements, 
Standardized Approach (Basel III)

    Legal Authority: 12 U.S.C. 1 et seq.; 12 U.S.C. 24a; 12 U.S.C. 93a; 
12 U.S.C. 161; 12 U.S.C. 215a-2; 12 U.S.C. 215a-3; 12 U.S.C. 481; 12 
U.S.C. 1462 to 1462a; 12 U.S.C. 1463 to 1464; 12 U.S.C. 1467a; 12 
U.S.C. 1818; 12 U.S.C. 1828 note; 12 U.S.C. 1828(n); 12 U.S.C. 1831n 
note; 12 U.S.C. 1831o; 12 U.S.C. 1835; 12 U.S.C. 3907; 12 U.S.C. 3909; 
12 U.S.C. 5412(b)(2)(B)
    Abstract: Regulatory Capital Rules--Basel III (12 CFR parts 3, 5, 
6, 165, 167). The banking agencies (OCC and Board of Governors of the 
Federal Reserve System (Federal Reserve) have issued a final rule that 
revises their risk-based and leverage capital requirements for banking 
organizations. (The Federal Deposit Insurance Corporation (FDIC) 
separately issued an interim final rule that is substantively the same 
as the OCC and Federal Reserve final rule.) The final rule consolidates 
three separate proposed rules that the banking agencies published on 
August 30, 2012 (77 FR 52792, 52888, 52978), into one final rule. The 
final rule implements a revised definition of regulatory capital, a new 
common equity tier 1 minimum capital requirement, a higher minimum tier 
1 capital requirement, and, for banking organizations subject to the 
advanced approaches risk-based capital rules, a supplementary leverage 
ratio that incorporates a broader set of exposures in the denominator. 
The final rule incorporates new requirements into the banking agencies' 
prompt corrective action framework and establishes limits on a banking 
organization's capital distributions and certain discretionary bonus 
payments if the banking organization does not hold a specified amount 
of common equity tier 1 capital in addition to the amount necessary to 
meet its minimum risk-based capital requirements. The final rule amends 
the methodologies for determining risk-weighted assets for all banking 
organizations, and introduces disclosure requirements that would apply 
to top-tier banking organizations domiciled in the United States with 
$50 billion or more in total assets. The final rule also adopts changes 
required by the Dodd-Frank Wall Street Reform and Consumer Protection 
Act of 2010 (Pub. L. 111-203) to implement more stringent capital and 
leverage requirements and to replace regulatory references to credit 
ratings with new creditworthiness measures. In addition, the OCC has 
amended the market risk capital rule to apply to Federal savings 
associations. The final rule was published on October 11, 2013. 78 FR 
62018.

[[Page 1211]]

    Completed:

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               Reason                    Date            FR Cite
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Final Action........................   10/11/13  78 FR 62018
Final Action Effective..............   01/01/14
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    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Carl Kaminski, Phone: 202 649-6294, Email: 
[email protected].
    RIN: 1557-AD46

DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Proposed Rule Stage

382. Reporting and Notice Requirements Under Section 6056

    Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 6056
    Abstract: Proposed regulations under section 6056 of the Internal 
Revenue Code, as enacted by the Affordable Care Act, to provide 
guidance on rules that require applicable large employers to file 
certain information with the Internal Revenue Service on coverage under 
an eligible employer-sponsored health plan and furnish to individuals 
statements that set forth the information required to be reported to 
the Internal Revenue Service.
    Timetable:

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               Action                    Date            FR Cite
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NPRM................................   12/00/13  .......................
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    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Ligeia M. Donis, General Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Room 4312, Washington, DC 20224, Phone: 202 622-0047, Fax: 202 622-
5697, Email: [email protected].
    R. Lisa Mojiri-Azad, Senior Technician Reviewer, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, Phone: 202 622-6060, Email: [email protected].
    RIN: 1545-BL26

[FR Doc. 2013-29638 Filed 1-6-14; 8:45 am]
BILLING CODE 4810-25-P