[Federal Register Volume 89, Number 159 (Friday, August 16, 2024)]
[Unknown Section]
[Pages 66858-66864]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16461]



[[Page 66857]]

Vol. 89

Friday,

No. 159

August 16, 2024

Part XIII





Department of the Treasury





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





Semiannual Regulatory Agenda

  Federal Register / Vol. 89 , No. 159 / Friday, August 16, 2024 / UA: 
Reg Flex Agenda  

[[Page 66858]]


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

DEPARTMENT OF THE TREASURY

31 CFR Subtitles A and B


Semiannual Agenda

AGENCY: Department of the Treasury.

ACTION: Semiannual Regulatory Agenda.

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

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act and Executive Order 12866 (``Regulatory 
Planning and Review''), as amended, 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.
    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).

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

        Financial Crimes Enforcement Network--Proposed Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
177.......................  Section 6101.                      1506-AB52
                             Establishment of National
                             Exam and Supervision
                             Priorities.
178.......................  Revisions to Customer Due          1506-AB60
                             Diligence Requirements
                             for Financial
                             Institutions.
179.......................  Investment Adviser                 1506-AB66
                             Customer Identification
                             Program Requirements for
                             Registered Investment
                             Advisers and Exempt
                             Reporting Advisers.
------------------------------------------------------------------------


         Financial Crimes Enforcement Network--Final Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
180.......................  Residential Real Estate            1506-AB54
                             Transaction Reports and
                             Records.
181.......................  Anti-Money Laundering              1506-AB58
                             Program and Suspicious
                             Activity Report Filing
                             Requirements for
                             Investment Advisers.
------------------------------------------------------------------------


         Financial Crimes Enforcement Network--Long-Term Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
182.......................  Amendments to the                  1506-AB36
                             Definition of Broker or
                             Dealer in Securities
                             (Crowd Funding).
183.......................  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.
184.......................  Section 6110. Bank Secrecy         1506-AB50
                             Act Application to
                             Dealers in Antiquities
                             and Assessment of Bank
                             Secrecy Act Application
                             to Dealers in Arts.
185.......................  Section 6212. Pilot                1506-AB51
                             Program on Sharing of
                             Information Related to
                             Suspicious Activity
                             Reports Within a
                             Financial Group.
186.......................  Commercial Real Estate             1506-AB61
                             Transaction Reports and
                             Records.
------------------------------------------------------------------------


         Financial Crimes Enforcement Network--Completed Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
187.......................  Requirements for Certain           1506-AB47
                             Transactions Involving
                             Convertible Virtual
                             Currency or Digital
                             Assets.
188.......................  Beneficial Ownership               1506-AB59
                             Information Access and
                             Safeguards.
------------------------------------------------------------------------


              Customs Revenue Function--Proposed Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
189.......................  Entry of Low-Value                 1515-AE84
                             Shipments.
------------------------------------------------------------------------


[[Page 66859]]


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


              Internal Revenue Service--Proposed Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
191.......................  Base erosion and anti-             1545-BR20
                             abuse tax (Section 610
                             Review).
------------------------------------------------------------------------


               Internal Revenue Service--Final Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
192.......................  Mental Health Parity and           1545-BQ29
                             Addiction Equity Act and
                             the Consolidated
                             Appropriations Act, 2021.
------------------------------------------------------------------------


               Internal Revenue Service--Completed Actions
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
193.......................  Section 30D Clean Vehicle          1545-BQ52
                             Credit Regulations.
194.......................  Elective Payment of                1545-BQ63
                             Applicable Credits Under
                             Section 6417.
195.......................  Transfer of Certain                1545-BQ64
                             Credits Under Section
                             6418.
196.......................  Transfer Provisions of             1545-BQ86
                             Sections 30D and 25E.
197.......................  Section 30D Foreign Entity         1545-BQ99
                             of Concern.
------------------------------------------------------------------------

DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Proposed Rule Stage

177. 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 
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 that requires the Secretary of the 
Treasury 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 that have AML/CFT program obligations.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   07/00/24  .......................
NPRM Comment Period End.............   09/00/24  .......................
------------------------------------------------------------------------

    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-AB52

178. 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 a notice of proposed rulemaking 
entitled ``Revisions to Customer Due Diligence Requirements for 
Financial Institutions,'' relating to Section 6403(d) of the Corporate 
Transparency Act (CTA). Section 6403(d) of the CTA requires FinCEN to 
revise its customer due diligence requirements for financial 
institutions to account for the changes created by the beneficial 
ownership information reporting and access requirements set out in the 
CTA.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   10/00/24  .......................
NPRM Comment Period End.............   12/00/24  .......................
------------------------------------------------------------------------

    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

179.  Investment Adviser Customer Identification Program 
Requirements for Registered Investment Advisers and Exempt Reporting 
Advisers [1506-AB66]

    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: To apply customer identification program requirements to 
registered investment advisers and exempt reporting advisers.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   05/21/24  89 FR 44571

[[Page 66860]]

 
NPRM Comment Period End.............   07/22/24  .......................
Reviewing Comments..................   08/00/24  .......................
------------------------------------------------------------------------

    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-AB66

DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Final Rule Stage

180. Residential 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 final rule, proposed February 
16, 2024, to address money laundering vulnerabilities in the 
residential real estate sector. The proposed rule would require certain 
persons involved in real estate closings and settlements to report non-
financed transfers of residential real property made to specified legal 
entities or trusts.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
ANPRM...............................   12/08/21  86 FR 69589
ANPRM Comment Period End............   02/07/22  .......................
NPRM................................   02/16/24  89 FR 12424
NPRM Comment Period End.............   04/16/24  .......................
Final Action........................   08/00/24  .......................
------------------------------------------------------------------------

    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-AB54

181. Anti-Money Laundering Program and Suspicious Activity Report 
Filing Requirements for Investment Advisers [1506-AB58]

    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, proposed February 
15, 2024, that would prescribe minimum standards for anti-money 
laundering programs to be established by certain investment advisers 
and to require such investment advisers to report suspicious activity 
to FinCEN pursuant to the Bank Secrecy Act.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   02/15/24  89 FR 12108
NPRM Comment Period End.............   04/15/24  .......................
Final Action........................   08/00/24  .......................
------------------------------------------------------------------------

    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-AB58

DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Long-Term Actions

182. 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 5336
    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 current scope of the definitions to include funding portals 
involved in the offering or selling of securities through crowdfunding 
pursuant to section 4(a)(6) of the Securities Act of 1933. 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

183. 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.........................   07/00/25  .......................
Second NPRM Comment Period End......   09/00/25  .......................
------------------------------------------------------------------------

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

[[Page 66861]]

184. 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

185. 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..........................           To Be Determined
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: [email protected].
    RIN: 1506-AB51

186. Commercial Real Estate Transaction Reports and Records [1506-AB61]

    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 address money laundering vulnerabilities in the U.S. commercial real 
estate sector.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   12/00/25  .......................
NPRM Comment Period End.............   02/00/26  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: [email protected].
    RIN: 1506-AB61

DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Completed Actions

187. 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.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
Withdrawn...........................   04/12/24  .......................
Withdrawn...........................   04/12/24  .......................
------------------------------------------------------------------------

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

188. Beneficial Ownership Information Access and Safeguards [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 issued a final rule entitled ``Beneficial 
Ownership Information Access and Safeguards'' on December 22, 2023. The 
final rule establishes protocols to protect the security and 
confidentiality of the beneficial ownership information (BOI) reported 
to FinCEN pursuant to the Bank Secrecy Act, as amended by Section 
6403(a) of the Corporate Transparency Act, and establishes the 
framework for authorized recipients' access to the BOI reported.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
Final Action........................   12/22/23  88 FR 88732
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: FinCEN Regulatory Support Section, Phone: 800 767-
2825, Email: [email protected].
    RIN: 1506-AB59

 DEPARTMENT OF THE TREASURY (TREAS)

Customs Revenue Function (CUSTOMS)

Proposed Rule Stage

189. Entry of Low-Value Shipments [1515-AE84]

    Legal Authority: 19 U.S.C. 1321
    Abstract: This document proposes amendments to the U.S. Customs and 
Border Protection (CBP) regulations pertaining to the entry of certain 
low-value shipments not exceeding $800 that are eligible for an 
administrative exemption from duty and tax. Specifically, CBP proposes 
to create a new process for entering low-value shipments, allowing CBP 
to target high-risk shipments more effectively, including those 
containing synthetic opioids such as fentanyl. This document also 
proposes to revise the current

[[Page 66862]]

process for entering low-value shipments to require additional data 
elements that would assist CBP in verifying eligibility for duty- and 
tax-free entry of low-value shipments and bona-fide gifts.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   07/00/24  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Christopher Mabelitini, Director, Intellectual 
Property Rights & E-Commerce Division, Department of the Treasury, 
Customs Revenue Function, 1300 Pennsylvania Avenue NW, Washington, DC 
20229, Phone: 202 325-6915.
    RIN: 1515-AE84

DEPARTMENT OF THE TREASURY (TREAS)

Customs Revenue Function (CUSTOMS)

Final Rule Stage

190. 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..........................   07/00/24  .......................
------------------------------------------------------------------------

    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

DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Proposed Rule Stage

191.  Base Erosion and Anti-Abuse Tax (Section 610 Review) 
[1545-BR20]

    Legal Authority: 26 U.S.C. 59A
    Abstract: These regulations provide guidance under section 59A 
regarding the base erosion and anti-abuse tax, including guidance 
regarding reporting of qualified derivatives payments.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   11/00/24  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: No
    Agency Contact: Sheila Ramaswamy, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224, Phone: 202 317-6938, Fax: 202 317-4922, Email: 
[email protected].
    RIN: 1545-BR20

DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Final Rule Stage

192. Mental Health Parity and Addiction Equity Act and the Consolidated 
Appropriations Act, 2021 [1545-BQ29]

    Legal Authority: 26 U.S.C. 7805; Pub. L. 116-260, Division BB, 
Title II; Pub. L. 110-343, secs. 511-512
    Abstract: This rule would finalize proposed amendments to the final 
rules implementing the Mental Health Parity and Addiction Equity Act 
(MHPAEA). The amendments clarify plans' and issuers' obligations under 
the law, promote compliance with MHPAEA, and update requirements to 
take into account experience with MHPAEA in the years since the rules 
were finalized. The rule would also finalize new regulations 
implementing amendments to MHPAEA recently enacted as part of the 
Consolidated Appropriations Act, 2021 (CAA, 2021).
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   08/03/23  88 FR 51552
NPRM Comment Period Extended........   09/28/23  88 FR 66728
NPRM Comment Period Extended End....   10/17/23  .......................
Final Action........................   07/00/24  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes
    Agency Contact: Shira McKinlay, Senior Counsel (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 5702, Washington, DC 20224, Phone: 202 317-5256, Email: 
[email protected].
    RIN: 1545-BQ29

DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Completed Actions

193. Section 30D Clean Vehicle Credit Regulations [1545-BQ52]

    Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 30D
    Abstract: Section 13401 of the IRA amends 30D(b) of the Code to, 
among other things, provide a maximum credit of $7,500 per vehicle, 
consisting of $3,750 in the case of a vehicle that meets certain 
critical minerals requirements and $3,750 in the case of a vehicle that 
meets certain battery components requirements. In general, vehicles may 
satisfy the critical minerals and battery components requirements if a 
required percentage of the value of the critical minerals or battery 
components in the vehicle's battery are sourced from a location 
specified by statute. The critical minerals and battery components 
requirements are applicable to vehicles placed in service after the 
date on which the Secretary of the Treasury or her delegate issues 
proposed guidance relating to these new requirements. The proposed 
regulations provide clarity to taxpayers and vehicle manufacturers on 
the critical minerals and battery components requirements. These 
clarifications include definitions of terms such as ``extracted,'' 
``processed,'' ``recycled,'' and ``free trade agreement.'' The proposed 
regulations also clarify the rules for determining whether a critical 
mineral was extracted, processed, or recycled or a battery component 
was manufactured or assembled in a location that satisfies these 
requirements. The proposed regulations also provide guidance on how 
vehicle manufacturers may determine compliance with these requirements 
for their vehicles. The

[[Page 66863]]

proposed regulations also clarify the definition of certain terms 
relevant to new requirements for the new clean vehicle credit. These 
clarifications include definitions of terms such as ``final assembly,'' 
``North America,'' ``manufacturer's suggested retail price,'' and 
``placed in service.'' These proposed regulations also clarify the 
vehicles that are considered vans, sport utility vehicles, pickup 
trucks, or other vehicles for purposes of applying new manufacturer's 
suggested retail price limitations added by the IRA. The expected 
definitions were published in IRS Notice 2023-1, as modified by IRS 
Notice 2023-16.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
Public Hearing......................   01/31/24  89 FR 1858
Final Action........................   05/06/24  89 FR 37706
Final Action Effective..............   07/05/24  .......................
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Maggie M. Stehn, Phone: 202 317-4547, Fax: 202 317-
7868, Email: [email protected].
    Rika Valdman, Phone: 202 317-5227, Fax: 202 317-7868, Email: 
[email protected].
    RIN: 1545-BQ52

194. Elective Payment of Applicable Credits Under Section 6417 [1545-
BQ63]

    Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 6417(h)
    Abstract: Final regulations regarding the elective payment of 
applicable credits under section 6417 established by section 13801(a) 
of the Inflation Reduction Act of 2022.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
Final Action (TD 9988)..............   03/11/24  89 FR 17546
Correction..........................   04/16/24  89 FR 26786
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes
    Agency Contact: Jeremy A. Milton, Phone: 202 317-5665, Fax: 855 
591-7865, Email: [email protected].
    RIN: 1545-BQ63

195. Transfer of Certain Credits Under Section 6418 [1545-BQ64]

    Legal Authority: 26 U.S.C. 7805; 26 U.S.C. 6418(h)
    Abstract: Final regulations regarding the transfer of certain 
credits under section 6418 established by section 13801(b) of the 
Inflation Reduction Act of 2022.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
Final Action........................   04/30/24  89 FR 34770
Final Action Effective..............   07/01/24
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Jeremy A. Milton, Phone: 202 317-5665, Fax: 855 
591-7865, Email: [email protected].
    RIN: 1545-BQ64

196. Transfer Provisions of Sections 30D and 25E [1545-BQ86]

    Legal Authority: 26 U.S.C. 25E; 26 U.S.C. 30D; 26 U.S.C. 6213; 26 
U.S.C. 7805
    Abstract: Section 30D calls for the establishment of regulations 
for several purposes. One of those provisions is in Section 30D(g)(1) 
which provides that subject to regulations or other guidance as the 
Secretary determines necessary, if the taxpayer who acquires a new 
clean vehicle elects the application of section 30D(g) with respect to 
such vehicle, the credit which would otherwise be allowed to such 
taxpayer with respect to such vehicle shall be allowed to the eligible 
entity in such election, and not to such taxpayer. Section 25E(f) 
provides that Rules similar to the rules of section 30D(g) shall apply.
    On October 5, 2022, Notice 2022-46 was published in I.R.B. 2022-43, 
requesting comments regarding sections 30D and 25E.
    On December 8, 2022, Revenue Procedure 2022-42 was published in 
I.R.B. 2022-52, providing procedures, inter alia, for seller's reports 
relating to the sale of clean vehicles.
    Completed:

------------------------------------------------------------------------
               Reason                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   10/10/23  88 FR 70310
Public Hearing......................   01/31/24
Final Action........................   05/06/24  89 FR 37706
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Rika Valdman, Phone: 202 317-5227, Fax: 202 317-
7868, Email: [email protected].
    RIN: 1545-BQ86

197.  Section 30D Foreign Entity of Concern [1545-BQ99]

    Legal Authority: 26 U.S.C. 30D; 26 U.S.C. 7805
    Abstract: Section 30D calls for the establishment of regulations 
for several purposes. One of those provisions is in section 30D(e)(3), 
which provides that the Secretary shall issue regulations or other 
guidance as the Secretary determines necessary to carry out the 
purposes of section 30D(e) regarding the critical mineral and battery 
component requirements, including regulations or other guidance which 
provides for the requirements for recordkeeping or information 
reporting for purposes of administering the requirements of section 
30D(e). Section 30D(e)(1)(B) and 30D(e)(2)(B) provide applicable 
percentage requirements for critical minerals and battery components, 
respectively, for vehicles placed in service during various tax years, 
beginning with vehicles placed in service before January 1, 2024.
    Section 30D(d)(7) provides that for purposes of this section, the 
term new clean vehicle shall not include: (1) any vehicle placed in 
service after December 31, 2024, with respect to which any of the 
applicable critical minerals contained in the battery of such vehicle 
(as described in section 30D(e)(1)(A)) were extracted, processed, or 
recycled by a foreign entity of concern (as defined in section 
40207(a)(5) of the Infrastructure Investment and Jobs Act (42 U.S.C. 
18741(a)(5))), or any vehicle placed in service after December 31, 
2023, with respect to which any of the components contained in the 
battery of such vehicle (as described in section 30D(e)(2)(A)) were 
manufactured or assembled by a foreign entity of concern (as so 
defined).
    On April 17, 2023, proposed regulations were published in the 
Federal Register, 88 FR 23370, which provided proposed definitions for 
certain terms related to section 30D, proposed rules regarding personal 
and business use and other special rules, and additional proposed rules 
related to the critical mineral and battery component requirements.
    The Internal Revenue Service and Department of Treasury intend to 
publish proposed regulations and a revenue procedure regarding vehicle 
transfer elections provided for in sections 25E(f) and 30D(g). As of 
the date of preparing this RIN request, such proposed regulations and 
revenue procedure have not yet been published.
    These proposed regulations will provide guidance regarding foreign 
entity of concern for purposes of section 30D(d)(7).
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   12/04/23  88 FR 84098

[[Page 66864]]

 
NPRM Comment Period End.............   01/18/24
Public Hearing......................   01/31/24
Final Action........................   05/06/24  89 FR 37706
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Rika Valdman, Senior Technician Reviewer, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Room 5112, Washington, DC 20224, Phone: 202 317-5227, Fax: 
202 317-7868, Email: [email protected].
    RIN: 1545-BQ99

[FR Doc. 2024-16461 Filed 8-15-24; 8:45 am]
BILLING CODE 4810-01-P; 4810-02-P; 9111-14-P