[Federal Register Volume 82, Number 163 (Thursday, August 24, 2017)]
[Proposed Rules]
[Page 40342]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-17059]



[[Page 40341]]

Vol. 82

Thursday,

No. 163

August 24, 2017

Part XIV





Department of the Treasury





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Semiannual Regulatory Agenda

  Federal Register / Vol. 82 , No. 163 / Thursday, August 24, 2017 / 
Unified Agenda  

[[Page 40342]]


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DEPARTMENT OF THE TREASURY

31 CFR Subtitles A and B


Semiannual Agenda

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda.

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SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act and Executive Order 12866 (``Regulatory 
Planning and Review''), 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: 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.
    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 available on the Internet.
    The semiannual agenda of the Department of the Treasury conforms to 
the Unified Agenda format developed by the Regulatory Information 
Service Center (RISC).

 Brian J. Sonfield,
Deputy Assistant General Counsel for General Law and Regulation.

               Internal Revenue Service--Long-Term Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
190.......................  Deemed Distributions Under         1545-BN07
                             Section 305(c) of Stock
                             and Rights to Acquire
                             Stock.
------------------------------------------------------------------------


               Internal Revenue Service--Completed Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
191.......................  Issue Price Definition for         1545-BM46
                             Tax-Exempt Bonds.
------------------------------------------------------------------------


DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Long-Term Actions

190. Deemed Distributions Under Section 305(C) of Stock and Rights To 
Acquire Stock

    Legal Authority: 26 U.S.C. 7805
    Abstract: Provide guidance on the amount and timing of 
distributions under section 305(c) and 305(b), and to clarify that 
deemed distributions caused by changes in conversion ratios are 
considered a distribution of additional rights to acquire the 
underlying stock, and not a distribution of the underlying stock 
itself. Guidance is also provided to withholding agents regarding their 
withholding obligations, and on information reporting for such 
distributions under sections 860G, 861, 1441, 1461, 1471, 1473, and 
6045(B).
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   04/13/16  81 FR 21795
NPRM Comment Period End.............   07/12/16  .......................
Final Action........................   06/00/18  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Maurice LaBrie, Phone: 202 317-6848.
    RIN: 1545-BN07

DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Completed Actions

191. Issue Price Definition for Tax-Exempt Bonds

    Legal Authority: 26 U.S.C. 148(i); 26 U.S.C. 7805
    Abstract: The final regulations define issue price for purposes of 
the arbitrage restrictions under section 148 of the Internal Revenue 
Code applicable to tax-exempt bonds and other tax-advantaged bonds.
    Completed:

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               Reason                    Date            FR Cite
------------------------------------------------------------------------
Final Action: TD 9801...............   12/09/16  81 FR 88999
Final Action Effective..............   12/09/16  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Lewis Bell, Phone: 202 317-4565, Fax: 855 574-9028, 
Email: [email protected].
    RIN: 1545-BM46

[FR Doc. 2017-17059 Filed 8-23-17; 8:45 am]
 BILLING CODE 4810-01-P