[Federal Register Volume 88, Number 35 (Wednesday, February 22, 2023)]
[Proposed Rules]
[Pages 11278-11283]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-02032]



[[Page 11277]]

Vol. 88

Wednesday,

No. 35

February 22, 2023

Part XIV





Department of the Treasury





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Semiannual Regulatory Agenda

  Federal Register / Vol. 88 , No. 35 / Wednesday, February 22, 2023 / 
UA: Reg Flex Agenda  

[[Page 11278]]


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DEPARTMENT OF THE TREASURY

31 CFR Subtitles A and B


Semiannual Agenda and Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual Regulatory Agenda and Annual Regulatory Plan.

-----------------------------------------------------------------------

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act and Executive Order (E.O.) 12866 
(``Regulatory Planning and Review''), which require the publication by 
the Department of a semiannual agenda of regulations. E.O. 12866 also 
requires the publication by the Department of a regulatory plan for the 
upcoming fiscal year. The purpose of the agenda is to provide advance 
information about pending regulatory activities and encourage public 
participation in the regulatory process.

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.
    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 Department has listed in this agenda all regulations and 
regulatory reviews pending at the time of publication, except for 
technical, minor, and routine actions. On occasion, a regulatory matter 
may be inadvertently left off of the agenda or an emergency may arise 
that requires the Department to initiate a regulatory action not yet on 
the agenda. There is no legal significance to the omission of an item 
from this agenda. For most entries, Treasury includes a projected date 
for the next rulemaking action; however, the date is an estimate and is 
not a commitment to publish on the projected date. In addition, some 
agenda entries are marked as ``withdrawn'' when there has been no 
publication activity. Withdrawal of a rule from the agenda does not 
necessarily mean that a rule will not be included in a future agenda 
but may mean that further consideration is warranted and that the 
regulatory action is unlikely in the next 12 months.
    Public participation in the rulemaking process is the foundation of 
effective regulations. For this reason, the Department invites comments 
on all regulatory and deregulatory items included in the agenda and 
invites input on items that should be included in the semiannual 
agenda.

Michael Briskin,
Deputy Assistant General Counsel for General Law and Regulation.

        Financial Crimes Enforcement Network--Proposed Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
399.......................  Section 6101.                      1506-AB52
                             Establishment of National
                             Exam and Supervision
                             Priorities.
400.......................  Real Estate Transaction            1506-AB54
                             Reports and Records.
401.......................  Beneficial Ownership               1506-AB59
                             Information Access and
                             Safeguards, and Use of
                             FinCEN Identifiers for
                             Entities.
402.......................  Revisions to Customer Due          1506-AB60
                             Diligence Requirements
                             for Financial
                             Institutions.
------------------------------------------------------------------------


         Financial Crimes Enforcement Network--Final Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
403.......................  Section 6212. Pilot                1506-AB51
                             Program on Sharing of
                             Information Related to
                             Suspicious Activity
                             Reports Within a
                             Financial Group.
------------------------------------------------------------------------


         Financial Crimes Enforcement Network--Long-Term Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
404.......................  Amendments to the                  1506-AB36
                             Definition of Broker or
                             Dealer in Securities
                             (Crowd Funding).
405.......................  Clarification of the               1506-AB41
                             Requirement to Collect,
                             Retain, and Transmit
                             Information on
                             Transactions Involving
                             Convertible Virtual
                             Currencies and Digital
                             Assets With Legal Tender
                             Status.
406.......................  Requirements for Certain           1506-AB47
                             Transactions Involving
                             Convertible Virtual
                             Currency or Digital
                             Assets.
407.......................  Section 6110. Bank Secrecy         1506-AB50
                             Act Application to
                             Dealers in Antiquities
                             and Assessment of Bank
                             Secrecy Act Application
                             to Dealers in Arts.
------------------------------------------------------------------------


[[Page 11279]]


         Financial Crimes Enforcement Network--Completed Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
408.......................  Beneficial Ownership               1506-AB49
                             Information Reporting
                             Requirements.
------------------------------------------------------------------------


               Customs Revenue Function--Final Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
409.......................  Enforcement of Copyrights          1515-AE26
                             and the Digital
                             Millennium Copyright Act.
------------------------------------------------------------------------


               Internal Revenue Service--Final Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
410.......................  Guidance on the                    1545-BO91
                             Elimination of Interbank
                             Offered Rates.
411.......................  MEPs and the Unified Plan          1545-BO97
                             Rule.
412.......................  Information Reporting of           1545-BQ11
                             Health Insurance Coverage
                             and Other Issues Under
                             Sections 6055 and 6056.
------------------------------------------------------------------------


               Internal Revenue Service--Completed Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
413.......................  Section 42 Low-Income              1545-BO92
                             Housing Credit Average
                             Income Test Regulations.
414.......................  Requirements Related to            1545-BQ01
                             Surprise Billing, Part 1.
415.......................  Requirements Related to            1545-BQ02
                             Surprise Billing, Part 2.
416.......................  Requirements Related to            1545-BQ04
                             Surprise Billing, Part 1
                             (Temporary Regulation).
417.......................  Requirements Related to            1545-BQ05
                             Surprise Billing, Part 2
                             (Temporary Regulation).
------------------------------------------------------------------------

DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Proposed Rule Stage

399. Section 6101. Establishment of National Exam and Supervision 
Priorities [1506-AB52]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a Notice of Proposed Rulemaking 
(NPRM) as part of the establishment of national exam and supervision 
priorities. The proposed rule implements Section 6101(b) of the Anti-
Money Laundering Act of 2020 (AML Act), enacted into law as part of the 
National Defense Authorization Act for Fiscal Year 2021 (NDAA), that 
requires the Secretary of the Treasury (Secretary) to issue and 
promulgate rules for financial institutions to carry out the 
government-wide anti-money laundering and countering the financing of 
terrorism priorities (AML/CFT Priorities). The proposed rule: (i) 
incorporates a risk assessment requirement for financial institutions; 
(ii) requires financial institutions to incorporate AML/CFT Priorities 
into risk-based programs; and (iii) provides for certain technical 
changes. Once finalized, this proposed rule will affect all financial 
institutions subject to regulations under the Bank Secrecy Act and have 
AML/CFT program obligations.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   03/00/23
NPRM Comment Period End.............   05/00/23
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Department of 
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, 
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
    RIN: 1506-AB52

400. Real Estate Transaction Reports and Records [1506-AB54]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a Notice of Proposed Rulemaking 
(NPRM) to address money laundering threats in the U.S. real estate 
sector.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
ANPRM...............................   12/08/21  86 FR 69589
ANPRM Comment Period End............   02/07/22
NPRM................................   04/00/23
NPRM Comment Period End.............   06/00/23
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Department of 
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, 
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
    RIN: 1506-AB54

401.  Beneficial Ownership Information Access and Safeguards, 
and Use of FinCEN Identifiers for Entities [1506-AB59]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a Notice of Proposed Rulemaking 
(NPRM) entitled Beneficial Ownership Information Access and Safeguards, 
and Use of FinCEN Identifiers for Entities. The proposed regulations 
will establish protocols to protect the security and confidentiality of 
the beneficial ownership information (BOI) that will

[[Page 11280]]

be reported to FinCEN pursuant to Section 6403 of the Corporate 
Transparency Act (CTA), and will establish the framework for access by 
authorized recipients to the BOI reported. The proposed regulations 
will also specify when and how reporting companies can use FinCEN 
identifiers to report the BOI of entities. The CTA was enacted into law 
as part of the National Defense Authorization Act for Fiscal Year 2021 
(NDAA). This proposed rule is the second of three rulemakings FinCEN is 
required to issue under the CTA. With regard to the first required 
rulemaking, FinCEN issued a final rule entitled ``Beneficial Ownership 
Information Reporting Requirements'' (BOI reporting rule).
    The third required rulemaking will revise the customer due 
diligence (CDD) requirements for financial institutions. FinCEN 
previously issued an Advance Notice of Proposed Rulemaking (ANPRM) 
entitled Beneficial Ownership Information Reporting Requirements on 
April 5, 2021, that solicited comments on a wide range of questions 
that concerned all three rulemakings. FinCEN also previously issued a 
Notice of Proposed Rulemaking with the same title on December 8, 2021 
(BOI Reporting NPRM) that addressed only the first of the three 
rulemakings, but the comments FinCEN received related to all three 
subjects. This proposed rule reflects FinCEN's consideration of public 
comments that have been received in response to the ANPRM and BOI 
Reporting NPRM. The proposed rule will also re-issue certain provisions 
of the BOI Reporting NPRM related to the use of FinCEN identifiers.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   12/00/22
NPRM Comment Period End.............   02/00/23
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Department of 
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, 
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
    RIN: 1506-AB59

402.  Revisions to Customer Due Diligence Requirements for 
Financial Institutions [1506-AB60]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue an NPRM entitled Revisions to 
Customer Due Diligence Requirements for Financial Institutions, 
relating to Section 6403(d) of the Corporate Transparency Act (CTA). 
The CTA was enacted into law as part of the National Defense 
Authorization Act for Fiscal Year 2021 (NDAA). Section 6403(d) of the 
CTA requires FinCEN to revise its customer due diligence (CDD) 
requirements for financial institutions to account for the changes 
created by the two other rulemakings FinCEN is required to issue 
pursuant to the CTA. With regard to the first required rulemaking, 
FinCEN issued a final rule entitled ``Beneficial Ownership Information 
Reporting Requirements'' (BOI reporting rule). The second required 
rulemaking relates to access by authorized recipients to beneficial 
ownership information (BOI) that will be reported to FinCEN and the use 
of FinCEN identifiers. FinCEN previously issued an ANPRM entitled 
Beneficial Ownership Information Reporting Requirements on April 5, 
2021, that solicited comments on a wide range of questions that 
concerned all three rulemakings. FinCEN also previously issued a Notice 
of Proposed Rulemaking with the same title on December 8, 2021 (BOI 
Reporting NPRM) that addressed only the first of the three rulemakings, 
but the comments FinCEN received related to all three subjects. The 
proposed rule reflects FinCEN's consideration of public comments that 
have been received in response to the ANPRM and BOI Reporting NPRM. The 
CTA requires that the revisions to the CDD requirements be finalized 
within one year after the effective date of the BOI reporting rule.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   11/00/23
NPRM Comment Period End.............   01/00/24
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Department of 
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, 
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
    RIN: 1506-AB60

DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Final Rule Stage

403. Section 6212. Pilot Program on Sharing of Information Related to 
Suspicious Activity Reports Within a Financial Group [1506-AB51]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a Final Rule in order to 
implement Section 6212 of the Anti-Money Laundering Act of 2020 (the 
AML Act). This section amends the Bank Secrecy Act (31 U.S.C. 5318(g)) 
to establish a pilot program that permits financial institutions to 
share suspicious activity report (SAR) information with their foreign 
branches, subsidiaries, and affiliates for the purpose of combating 
illicit finance risks. The section further requires the Secretary of 
the Treasury to issue rules to implement the amendment within one year 
of enactment of the AML Act.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   01/25/22  87 FR 3719
NPRM Comment Period End.............   03/28/22
Final Rule..........................   08/00/23
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Department of 
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, 
Vienna, VA 22183, Phone: 800 767-2825, Email: [email protected].
    RIN: 1506-AB51

DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Long-Term Actions

404. Amendments to the Definition of Broker or Dealer in Securities 
(Crowd Funding) [1506-AB36]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5332
    Abstract: FinCEN is finalizing amendments to the regulatory 
definitions of ``broker or dealer in securities'' under the regulations 
implementing the Bank Secrecy Act. The changes are intended to expand 
the

[[Page 11281]]

current scope of the definitions to include funding portals. In 
addition, these amendments would require funding portals to implement 
policies and procedures reasonably designed to achieve compliance with 
all of the Bank Secrecy Act requirements that are currently applicable 
to brokers or dealers in securities. The rule to require these 
organizations to comply with the Bank Secrecy Act regulations is 
intended to help prevent money laundering, terrorist financing, and 
other financial crimes.

    Note:  This is not a new requirement; it replaces RINs 1506-AB24 
and 1506-AB29.

    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   04/04/16  81 FR 19086
NPRM Comment Period End.............   06/03/16
                                     -----------------------------------
Final Action........................           To Be Determined
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: [email protected].
    RIN: 1506-AB36

405. Clarification of the Requirement To Collect, Retain, and Transmit 
Information on Transactions Involving Convertible Virtual Currencies 
and Digital Assets With Legal Tender Status [1506-AB41]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: The Board of Governors of the Federal Reserve System and 
FinCEN (collectively, the ``Agencies'') intend to issue a revised 
proposal to clarify the meaning of ``money'' as used in the rules 
implementing the Bank Secrecy Act requiring financial institutions to 
collect, retain, and transmit information on certain funds transfers 
and transmittals of funds. The Agencies intend that the revised 
proposal will ensure that the rules apply to domestic and cross-border 
transactions involving convertible virtual currency, which is a medium 
of exchange (such as cryptocurrency) that either has an equivalent 
value as currency, or acts as a substitute for currency, but lacks 
legal tender status. The Agencies further intend that the revised 
proposal will clarify that these rules apply to domestic and cross-
border transactions involving digital assets that have legal tender 
status.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   10/27/20  85 FR 68005
NPRM Comment Period End.............   11/27/20
Second NPRM.........................   02/00/24
Second NPRM Comment Period End......   04/00/24
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: [email protected].
    RIN: 1506-AB41

406. Requirements for Certain Transactions Involving Convertible 
Virtual Currency or Digital Assets [1506-AB47]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN is amending the regulations implementing the Bank 
Secrecy Act (BSA) to require banks and money service businesses (MSBs) 
to submit reports, keep records, and verify the identity of customers 
in relation to transactions involving convertible virtual currency 
(CVC) or digital assets with legal tender status (``legal tender 
digital assets'' or ``LTDA'') held in unhosted wallets, or held in 
wallets hosted in a jurisdiction identified by FinCEN.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   12/23/20  85 FR 83840
NPRM Comment Period End.............   01/04/21
Final Action........................   02/00/24
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: [email protected].
    RIN: 1506-AB47

407. Section 6110. Bank Secrecy Act Application to Dealers in 
Antiquities and Assessment of Bank Secrecy Act Application to Dealers 
in Arts [1506-AB50]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: FinCEN intends to issue a Notice of Proposed Rulemaking 
to implement Section 6110 of the Anti-Money Laundering Act of 2020 (the 
AML Act). This section amends the Bank Secrecy Act (31 U.S.C. 
5312(a)(2)) to include as a financial institution a person engaged in 
the trade of antiquities, including an advisor, consultant, or any 
other person who engages as a business in the solicitation or the sale 
of antiquities, subject to regulations prescribed by the Secretary of 
the Treasury. The section further requires the Secretary of the 
Treasury to issue proposed rules to implement the amendment within 360 
days of enactment of the AML Act.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
ANPRM...............................   09/24/21  86 FR 53021
ANPRM Comment Period End............   10/25/21
                                     -----------------------------------
NPRM................................           To Be Determined
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: [email protected].
    RIN: 1506-AB50

DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Completed Actions

408. Beneficial Ownership Information Reporting Requirements [1506-
AB49]

    Legal Authority: 12 U.S.C. 1829b; 12 U.S.C. 1951 to 1960; 31 U.S.C. 
5311 to 5314; 31 U.S.C. 5316 to 5336
    Abstract: On September 30, 2022, FinCEN issued a final rule 
entitled ``Beneficial Ownership Information Reporting Requirements'' 
(BOI reporting rule), requiring certain entities to file with FinCEN 
reports that identify two categories of individuals: the beneficial 
owners of the entity, and individuals who have filed an application 
with specified governmental authorities to create the entity or 
register it to do business. These regulations implement Section 6403 of 
the Corporate Transparency Act (CTA), enacted into law as part of the 
National Defense Authorization Act for Fiscal Year 2021 (NDAA), and 
describe who must file a report, what information must be provided, and 
when a report is due. This final rule is the first of three rulemakings 
FinCEN is required to issue pursuant to the CTA. The other two required 
rulemakings which are discussed elsewhere in this regulatory plan are: 
(i) a regulation focused on establishing protocols to protect the 
security and confidentiality of beneficial ownership information (BOI) 
that will be reported to FinCEN, establishing the terms of access by 
authorized recipients

[[Page 11282]]

to the BOI reported, and the use of FinCEN identifiers in making BOI 
reports; and (ii) revisions to FinCEN's customer due diligence (CDD) 
requirements for financial institutions. The final BOI reporting rule 
is effective January 1, 2024.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
Final Action........................   09/30/22  87 FR 59498
Final Action Effective..............   01/01/24
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: [email protected].
    RIN: 1506-AB49

BILLING CODE 4810-02-P

DEPARTMENT OF THE TREASURY (TREAS)

Customs Revenue Function (CUSTOMS)

Final Rule Stage

409. Enforcement of Copyrights and the Digital Millennium Copyright Act 
[1515-AE26]

    Legal Authority: Title III of the Trade Facilitation and Trade 
Enforcement Act of 2015 (Pub. L. 114-125); 19 U.S.C. 1595a(c)(2)(G); 19 
U.S.C. 1624
    Abstract: This rule amends the U.S. Customs and Border Protection 
(CBP) regulations pertaining to importations of merchandise that 
violate or are suspected of violating the copyright laws in accordance 
with title III of the Trade Facilitation and Trade Enforcement Act of 
2015 (TFTEA) and certain provisions of the Digital Millennium Copyright 
Act (DMCA).
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   10/16/19  84 FR 55251
NPRM Comment Period End.............   12/16/19
Final Rule..........................   07/00/23
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Alaina Van Horn, Chief, Intellectual Property 
Enforcement Branch, Department of the Treasury, Customs Revenue 
Function, 1331 Pennsylvania Avenue NW, Washington, DC 20229, Phone: 202 
325-0083, Email: [email protected].
    RIN: 1515-AE26

BILLING CODE 9111-14-P

DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Final Rule Stage

410. Guidance on the Elimination of Interbank Offered Rates [1545-BO91]

    Legal Authority: 26 U.S.C. 882c and 7805; 26 U.S.C. 7805
    Abstract: The final regulations will provide guidance on the tax 
consequences of the phased elimination of interbank offered rates 
(IBORs) that is underway in the United States and many foreign 
countries. Taxpayers have requested guidance that addresses the 
transition from IBOR to other reference rates and the determination of 
the interest expense deduction of a foreign corporation.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   10/09/19  84 FR 54068
NPRM Comment Period End.............   11/25/19
Final Action (TD 9961)..............   01/04/22  87 FR 166
Final Action Effective..............   03/07/22
Final Action........................   04/00/23
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Caleb Trimm, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 4579, 
Washington, DC 20224, Phone: 202 317-6002, Fax: 855 589-8672, Email: 
[email protected].
    RIN: 1545-BO91

411. MEPS and the Unified Plan Rule [1545-BO97]

    Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 413
    Abstract: These proposed regulations provide guidance relating to 
the tax qualification of multiple employer plans (MEPs) described in 
section 413(e) of the Internal Revenue Code (Code). The proposed 
regulations would provide an exception, if certain requirements are 
met, to the application of the ``unified plan rule'' for section 413(e) 
MEPs in the event of a failure by one or more participating employers 
to take actions required of them to satisfy the requirements of section 
401(a) or 408 of the Code. The regulations affect participants in MEPs, 
MEP sponsors and administrators, and employers maintaining MEPs.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   07/03/19  84 FR 31777
NPRM Comment Period End.............   10/01/19
Second NPRM.........................   03/28/22  87 FR 17225
Second NPRM Comment Period End......   05/27/22
Final Action........................   05/00/23
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Jamie Dvoretzky, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224, Phone: 202 317-4836, Fax: 885 605-5282, Email: 
[email protected].
    RIN: 1545-BO97

412. Information Reporting of Health Insurance Coverage and Other 
Issues Under Sections 6055 and 6056 [1545-BQ11]

    Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 5000A; 26 U.S.C. 6056
    Abstract: These regulations revise notice and filing requirements 
under sections 6055 and 6056 of the Internal Revenue Code. The 
regulations are needed to provide health coverage reporters an 
extension of time in which to furnish certain statements and an 
alternative manner of allowing certain health coverage reporters to 
provide information to covered individuals. These regulations also 
provide that the term ``minimum essential coverage'', as that term is 
defined in health insurance-related tax laws, does not include Medicaid 
coverage limited to COVID-19 testing and diagnostic services provided 
pursuant to the Families First Coronavirus Response Act.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   12/06/21  86 FR 68939
NPRM Comment Period End.............   02/04/22
Final Action........................   12/00/22
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Gerald Semasek, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20024, Phone: 202 317-7006, Fax: 855 576-2339, Email: 
[email protected].
    RIN: 1545-BQ11


[[Page 11283]]



DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Completed Actions

413. Section 42 Low-Income Housing Credit Average Income Test 
Regulations [1545-BO92]

    Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 42
    Abstract: The Consolidated Appropriations Act of 2018 added a new 
applicable minimum set-aside test under section 42(g) of the Internal 
Revenue Code known as the average income test. This proposed regulation 
will implement requirements related to the average income test.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
Final Action........................   10/12/22  87 FR 61489
Final Action Effective..............   10/12/22
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Dillon J. Taylor, Phone: 202 317-3734, Email: 
[email protected].
    RIN: 1545-BO92

414. Requirements Related to Surprise Billing, Part 1 [1545-BQ01]

    Legal Authority: 26 U.S.C. 7805; Pub. L. 116-260, Division BB, 
Title I and Title II
    Abstract: The regulations implement the protections against 
surprise medical bills under the No Surprises Act, including 
requirements on group health plans, issuers offering group or 
individual health insurance coverage, providers, facilities, and 
providers of air ambulance services.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
TD 9965 Final Rules.................   08/26/22  87 FR 52618
Final Action Effective..............   10/25/22
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Shira McKinlay, Phone: 202 317-5500, Email: 
[email protected].
    RIN: 1545-BQ01

415. Requirements Related to Surprise Billing, Part 2 [1545-BQ02]

    Legal Authority: 26 U.S.C. 7805; Pub. L. 116-260, Division BB, 
Title I and Title II
    Abstract: The regulations would implement additional protections 
against surprise medical bills under the No Surprises Act, including 
provisions related to the independent dispute resolution process.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
TD 9965 Final Rules.................   08/26/22  87 FR 52618
Final Action Effective..............   10/25/22
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Shira McKinlay, Phone: 202 317-5500, Email: 
[email protected].
    RIN: 1545-BQ02

416. Requirements Related to Surprise Billing, Part 1 (Temporary 
Regulation) [1545-BQ04]

    Legal Authority: 26 U.S.C. 7805; Pub. L. 116-260, Division BB, 
Title I and Title II
    Abstract: This temporary regulation implements the protections 
against surprise medical bills under the No Surprises Act.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
Final Rule and Removal of Temporary    08/26/22  87 FR 52618
 Regulations: TD 9951.
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Kari L. DiCecco, Phone: 202 317-5500, Email: 
[email protected].
    RIN: 1545-BQ04

417. Requirements Related to Surprise Billing, Part 2 (Temporary 
Regulation) [1545-BQ05]

    Legal Authority: 26 U.S.C. 7805; Pub. L. 116-260, Division BB, 
Title I and Title II
    Abstract: This temporary regulation would implement additional 
protections against surprise medical bills under the No Surprises Act 
and certain provisions related to Title II of Division BB of the 
Consolidated Appropriations Act.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
Final Rule and Removal of Temporary    08/26/22  87 FR 52618
 Regulations: TD 9955.
Final Rule Effective................   10/25/22
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Kari L. DiCecco, Phone: 202 317-5500, Email: 
[email protected].
    RIN: 1545-BQ05

[FR Doc. 2023-02032 Filed 2-21-23; 8:45 am]
BILLING CODE 4810-01-P