[The Regulatory Plan and Unified Agenda of Federal Regulations]
[Department of the Treasury Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]


_______________________________________________________________________

Part XV





Department of the Treasury





_______________________________________________________________________



Semiannual Regulatory Agenda

DEPARTMENT OF THE TREASURY (TREAS)                                     
  
  
_______________________________________________________________________
  

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

AGENCY: Department of the Treasury.

ACTION: Semiannual agenda and fiscal year 1996 regulatory plan.

_______________________________________________________________________

SUMMARY: This notice is given pursuant to the requirements of the 
``Regulatory Flexibility Act'' (Pub. L. 96-354, September 19, 1980) and 
Executive Order (E.O.) 12866 (``Regulatory Planning and Review,'' 
September 30, 1993), 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 fiscal year 
1996.

FOR FURTHER INFORMATION CONTACT: For additional information about a 
specific entry in the agenda or plan, contact the ``Agency Contact'' 
identified in the item relating to that regulation.

SUPPLEMENTARY INFORMATION: The semiannual agenda of the Department of 
the Treasury conforms to the Unified Agenda format developed by the 
Regulatory Information Service Center (RISC). For this edition of the 
regulatory agenda of the Department of the Treasury, the most important 
significant regulatory actions are included in The Regulatory Plan, 
which appears in Part II of this issue of the Federal Register. 
Regulatory Plan entries are listed in the Table of Contents below and 
are denoted by a bracketed bold reference that directs the reader to 
the appropriate Sequence Number in Part II.

Dated: September 26, 1995.

J. Benjamin H. Nye,

Executive Secretary.

                                    Departmental Offices--Proposed Rule Stage                                   
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2762        17 CFR 404  Amendments Under the Government Securities Act; Large Position Reporting..    1505-AA53 
2763        31 CFR 500.704  Administrative Hearings...............................................    1505-AA59 
2764        17 CFR 404  Amendments to the Government Securities Act Regulations; Recordkeeping                  
            Rules for Noticed Financial Institution Broker-Dealers................................    1505-AA70 
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Final Rule Stage                                     
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2765        31 CFR 411  Color Illustration of U.S. Currency.......................................    1505-AA69 
2766        12 CFR 1805 (New)  Community Development Financial Institutions Program; Bank                       
            Enterprise Award Program Regulations (Reg Plan Seq. No. 96)...........................   1505-AA71  
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          


                                     Departmental Offices--Completed Actions                                    
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2767        17 CFR 404  Revisions to the Government Securities Act Regulations; Risk Assessment                 
            Rule for Specialized Government Securities Broker-Dealers.............................    1505-AA47 
2768        31 CFR 19  Debarment and Suspension Common Rule To Achieve Reciprocity With                         
            Procurement...........................................................................    1505-AA57 
2769        31 CFR 413  Closure of Streets........................................................    1505-AA68 
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2770        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Definitions................    1506-AA03 
2771        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Requirement That Financial               
            Institutions Carry Out Anti-Money-Laundering Programs.................................    1506-AA05 
2772        31 CFR 103  Amendment to the Bank Secrecy Act Regulations Affecting Tribal and State-               
            Licensed Gaming Establishments........................................................    1506-AA07 
2773        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To               
            Assess Civil Money Penalties on Depository Institutions...............................    1506-AA08 
2774        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Registration Requirement                 
            for Certain Non-Bank Financial Institutions...........................................    1506-AA09 
2775        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Mandatory Exemption of                   
            Certain Transactions From Currency Transaction Reporting Requirements.................    1506-AA11 
2776        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Discretionary Exemption of               
            Certain Transactions From Currency Transaction Reporting Requirements.................    1506-AA12 
2777        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Requirement To Report                    
            Suspicious Transactions...............................................................    1506-AA13 
2778        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Requirement To Report the                
            Cross-Border Transportation of Certain Negotiable Instruments.........................    1506-AA15 
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage                             
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2779        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Notice of Exemption of                   
            Certain Transactions From Currency Transaction Reporting Requirements.................    1506-AA10 
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Long-Term Actions                            
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2780        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Designation of Single                    
            Recipient for Suspicious Transaction Reports..........................................    1506-AA14 
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Completed Actions                            
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2781        31 CFR 103  Amendment to Bank Secrecy Act Regulations Relating to Recordkeeping for                 
            Funds For Transmittals of Funds.......................................................    1506-AA16 
2782        31 CFR 103  Amendment to Bank Secrecy Act Regulations Relating to Orders for                        
            Transmittals of Funds by Financial Institutions.......................................    1506-AA17 
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2783        31 CFR 225  Acceptance of Bonds Secured by Government Obligations in Lieu of Bonds                  
            with Sureties.........................................................................    1510-AA36 
2784        31 CFR 203  Treasury Tax and Loan Depositaries........................................    1510-AA37 
2785        31 CFR 205  Rules and Procedures for Funds Transfers..................................    1510-AA38 
2786        31 CFR 202  Depositaries and Financial Agents of the Government.......................    1510-AA42 
2787        31 CFR 240  Indorsement and Payment of Checks Drawn on the United States Treasury.....    1510-AA45 
2788        31 CFR 206  Management of Federal Agency Receipts, Disbursements, and Operation of the              
            Cash Management Improvements Fund.....................................................    1510-AA47 
2789        31 CFR 281  Foreign Exchange Operations...............................................    1510-AA48 
2790        31 CFR 224  Federal Process Agents of Surety Companies................................    1510-AA49 
2791        31 CFR 235  Issuance of Settlement Checks for Forged Checks Drawn on Designated                     
            Depositaries..........................................................................    1510-AA50 
2792        31 CFR 245  Claims on Account of Treasury Checks......................................    1510-AA51 
2793        31 CFR 256  Payments Under Judgment and Private Relief Acts...........................    1510-AA52 
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2794        31 CFR 210  Federal Government Participation in the Automated Clearing House..........    1510-AA17 
2795        31 CFR 209  Payment to Financial Institutions for Credit to Accounts of Employees and               
            Beneficiaries.........................................................................    1510-AA30 
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2796        31 CFR 247  Regulations Governing FedSelect Checks....................................    1510-AA44 
2797        31 CFR 203  Treasury Tax and Loan Depositaries........................................    1510-AA46 
----------------------------------------------------------------------------------------------------------------


                          Bureau of Alcohol, Tobacco and Firearms--Proposed Rule Stage                          
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2798        27 CFR 7  Standards of Identity for Malt Beverages....................................    1512-AA95 
2799        27 CFR 252  Exportation of Liquors....................................................    1512-AA98 
2800        27 CFR 7  Alcoholic Content Labeling for Malt Beverages...............................    1512-AB17 
2801        27 CFR 4  Use of Term ``Reserve'' on Wine Labels......................................    1512-AB25 
2802        27 CFR 4.25a(d) to 4.25a(e)  Multistate Appellations of Origin for Contiguous States..    1512-AB28 
2803        27 CFR 4.40  Procedures for Revoking Previously Approved Certificates of Label                      
            Approval, Exemptions From Label Approval, or Distinctive Liquor Bottle Approvals......    1512-AB34 
2804        27 CFR 25  Revision of Brewery Regulations and Issuance of Regulations For Taverns on               
            Brewery Premises (Brewpubs)...........................................................    1512-AB37 
2805        27 CFR 5.26  Registration of Formulas and Statements of Process For Domestically                    
            Produced Alcoholic Beverages..........................................................    1512-AB40 
2806        27 CFR 290  Exportation of Tobacco Products and Cigarette Papers and Tubes, Without                 
            Payment of Tax, or With Drawback of Tax...............................................    1512-AB03 
----------------------------------------------------------------------------------------------------------------


                            Bureau of Alcohol, Tobacco and Firearms--Final Rule Stage                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2807        27 CFR 9  American Viticultural Areas.................................................    1512-AA07 
2808        27 CFR 197  Nonbeverage Drawback......................................................    1512-AA20 
2809        27 CFR 4  Winegrape Varietal Designations.............................................    1512-AA67 
2810        27 CFR 4  Grape Wine Designation--Gamay Beaujolais....................................    1512-AB08 
2811        27 CFR 24.246  New Wine Treating Materials and Processes..............................    1512-AB26 
2812        27 CFR 4  Alteration of Labels on Containers of Distilled Spirits, Wine, Beer.........    1512-AB32 
2813        27 CFR 53  Firearms and Ammunition Excise Taxes.......................................    1512-AB33 
2814        27 CFR 55  Implementation of Public Law 103-322, the Violent Crime Control and Law                  
            Enforcement Act of 1994 (Reg Plan Seq. No. 97)........................................    1512-AB35 
2815        27 CFR 70.511 to 70.526  27 CFR Part 70--Conference and Practice Requirements for the               
            Bureau of Alcohol, Tobacco, and Firearms..............................................   1512-AB11  
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          


                           Bureau of Alcohol, Tobacco and Firearms--Long-Term Actions                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2816        27 CFR 25.205  Production of Beer for Personal or Family Use at Brew-on-Premises                    
            Facilities............................................................................    1512-AB18 
----------------------------------------------------------------------------------------------------------------


                           Bureau of Alcohol, Tobacco and Firearms--Completed Actions                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2817        27 CFR 6  Revision of the Trade Practice Regulations..................................    1512-AB10 
2818        27 CFR 178  Brady Bill Regulations....................................................    1512-AB23 
2819        27 CFR 47.52  Importation of Arms and Ammunition and Implements of War................    1512-AB36 
----------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2820        12 CFR 9  Fiduciary Powers of National Banks and Collective Investment Funds;                       
            Regulation Review.....................................................................    1557-AB12 
2821        12 CFR 1  Investment Securities; Regulation Review....................................    1557-AB37 
2822        12 CFR 26  Management Official Interlocks; Regulation Review..........................    1557-AB39 
2823        12 CFR 31  Extensions of Credit to National Bank Insiders; Regulation Review..........    1557-AB40 
2824        12 CFR 23  Leasing; Regulation Review.................................................    1557-AB45 
2825        12 CFR 24  Community Development Corporation and Project Investments; Regulation                    
            Review................................................................................    1557-AB46 
2826        12 CFR 22  Loans in Areas Having Special Flood Hazards; Regulation Review.............    1557-AB47 
2827        12 CFR Not yet determined  Interstate Deposit Production Offices......................    1557-AB50 
2828        12 CFR 25  Community Reinvestment Act Regulation......................................    1557-AB51 
2829        12 CFR 12  Government Securities Sales Practices......................................    1557-AB52 
----------------------------------------------------------------------------------------------------------------


                                  Comptroller of the Currency--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2830        12 CFR 4  Description of Office, Procedures, Public Information; Regulation Review....    1557-AA67 
2831        12 CFR 3  Capital Rules...............................................................    1557-AB14 
2832        12 CFR 20  International Operations and Federal Branches and Agencies; Regulation                   
            Review................................................................................    1557-AB26 
2833        12 CFR 34  Real Estate Lending and Appraisals; Regulation Review......................    1557-AB48 
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2834        12 CFR 30  Standards for Safety and Soundness.........................................    1557-AB17 
2835        12 CFR 21  Minimum Security Devices and Procedures, Reports of Crimes and Suspected                 
            Crimes and Bank Secrecy Compliance....................................................    1557-AB19 
2836        12 CFR 5  Rules, Policies, and Procedures for Corporate Activities; Regulation Review.    1557-AB27 
2837        12 CFR 7  Interpretive Rulings; Regulation Review.....................................    1557-AB38 
2838        12 CFR 8  Assessment of Fees; National Banks; District of Columbia Banks..............    1557-AB41 
2839        12 CFR 12  Recordkeeping and Confirmation Requirements for Securities Transactions;                 
            Regulation Review.....................................................................    1557-AB42 
2840        12 CFR 19  Uniform Rules of Practice and Procedure; Regulation Review.................    1557-AB43 
2841        12 CFR 2  Disposition of Credit Life Insurance Income; Regulation Review..............    1557-AB49 
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2842        12 CFR 25  Community Reinvestment Act Regulation......................................    1557-AB32 
2843        12 CFR 35  Agricultural Loan Loss Amortization; Regulation Review.....................    1557-AB44 
----------------------------------------------------------------------------------------------------------------


                               United States Customs Service--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2844        19 CFR 7.8  U.S. Insular Possessions--Duty-Free Treatment.............................    1515-AB14 
2845        19 CFR 142  Publication of Filer Codes................................................    1515-AB27 
2846        19 CFR 133  Parallel Imports and Other Trademarked Goods..............................    1515-AB49 
2847        19 CFR 12  Textiles and Textile Products Subject to Textile Trade Agreements..........    1515-AB54 
2848        19 CFR 10  Andean Trade Preference....................................................    1515-AB59 
2849        19 CFR 113  Accreditation of Commercial Testing Laboratories; Approval of Commercial                
            Gaugers...............................................................................    1515-AB60 
2850        19 CFR 159  Liquidation; Extension; Suspension........................................    1515-AB66 
2851        19 CFR 12  Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and Music              
            Videos of Live Musical Performances...................................................    1515-AB74 
2852        19 CFR 151  Detention of Merchandise..................................................    1515-AB75 
2853        19 CFR 12  Interest On Underpayments and Overpayments of Customs Duties Fees and                    
            Interest..............................................................................    1515-AB76 
2854        19 CFR 162  Recordkeeping Requirements................................................    1515-AB77 
2855        19 CFR 10  Use of Containers Designated as Instruments of International Traffic in                  
            Point-to-Point Local Traffic..........................................................    1515-AB79 
2856        19 CFR 134  Country-of-Origin Marking.................................................    1515-AB82 
2857        19 CFR 118  Centralized Examination Stations; Immediate Suspension or Permanent                     
            Revocation as Operator Upon Indictment for Any Felony.................................    1515-AB83 
2858        19 CFR 142  Reconciliation............................................................    1515-AB85 
----------------------------------------------------------------------------------------------------------------


                                 United States Customs Service--Final Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2859        19 CFR 102 (New)  Rules of Origin.....................................................    1515-AB19 
2860        19 CFR 133  Disclosure of Information to Intellectual Property Rights Owners..........    1515-AB28 
2861        19 CFR 12  Rules for Determining the Country of Origin of a Good for Purposes of Annex              
            311 of the North American Free Trade Agreement........................................    1515-AB34 
2862        19 CFR 4  Preliminary Vessel Entry and Permits To Lade and Unlade.....................    1515-AB37 
2863        19 CFR 24  Fees Assessed for Defaulted Payments.......................................    1515-AB38 
2864        19 CFR 12  Importer Certification Regarding Country of Origin of Textiles and Textile               
            Products..............................................................................    1515-AB43 
2865        19 CFR 12  Enforcement of ITC Exclusion Orders........................................    1515-AB44 
2866        19 CFR 12  North American Free Trade Agreement--Submission of Certificates of                       
            Eligibility for Textile and Apparel Goods Under the Tariff Preference Level Provisions    1515-AB50 
2867        19 CFR 10  Treatment of Reusable Shipping Devices Arriving From Canada or Mexico......    1515-AB51 
2868        19 CFR 123  Examination of Baggage....................................................    1515-AB56 
2869        19 CFR 103  Disclosure or Production of Customs Information Pursuant to Legal Process.    1515-AB58 
2870        19 CFR 162  Seizure of Merchandise....................................................    1515-AB62 
2871        8 CFR 100  Customs/INS Service Field Organizations; Revocations and Designations of                 
            International Airport Status for Customs Services and Ports of Entry for Aliens                     
            Arriving by Aircraft..................................................................    1515-AB64 
2872        19 CFR 10  Warehouse Withdrawals; Aircraft Fuel Supplies; Pipeline Transportation in                
            Bond of Merchandise...................................................................    1515-AB67 
2873        19 CFR 134  Country-of-Origin Marking for Watches.....................................    1515-AB68 
2874        19 CFR 12  Rules of Origin for Textile and Apparel Products...........................    1515-AB71 
2875        19 CFR 162  Search Warrants...........................................................    1515-AB72 
2876        19 CFR 132  Export Certificates for Beef Subject to Tariff-Rate Quota.................    1515-AB73 
2877        19 CFR 12  UNESCO Cultural Property Convention Signatories............................    1515-AB78 
2878        19 CFR 4  Removal of Cambodia and Vietnam From List of ``Non-Entrant'' Countries......    1515-AB81 
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Long-Term Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2879        19 CFR 4  Harbor Maintenance Fee......................................................    1515-AA57 
2880        19 CFR 24  Donated Cargo Exemption From Harbor Maintenance Fee........................    1515-AA87 
2881        19 CFR 113  Automated Surety Interface................................................    1515-AB25 
2882        19 CFR 191  Substitution Unused Merchandise Drawback..................................    1515-AB48 
2883        19 CFR 134  Country-of-Origin Marking Requirements for Frozen Produce Packages........    1515-AB61 
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2884        19 CFR 10  Voluntary Restraint Arrangements--Steel....................................    1515-AB04 
2885        19 CFR 101  Standards for the Establishment of Customs Services.......................    1515-AB18 
2886        19 CFR 146  Petroleum Refineries in Foreign Trade Subzones............................    1515-AB20 
2887        19 CFR 141  Identifying Merchandise Subject to Antidumping or Countervailing Duty                   
            Orders................................................................................    1515-AB32 
2888        19 CFR 10  North American Free Trade Agreement........................................    1515-AB33 
2889        19 CFR 4  Filing of Export Certificates...............................................    1515-AB46 
2890        19 CFR 101  Test Programs.............................................................    1515-AB47 
2891        19 CFR 10  Express Consignments: Formal and Informal Entries of Merchandise;                        
            Administrative Exemptions.............................................................    1515-AB53 
2892        19 CFR 10  Temporary Importation Bonds; Anticipatory Breach, Assessment Amounts,                    
            Petitions for Relief..................................................................    1515-AB65 
2893        19 CFR 10  Termination of the Bahamas as a Designated Country Member of an Association              
            of Countries Under the GSP............................................................    1515-AB69 
2894        19 CFR 10  Replacement of CF 7505 and CF 7506 by CF 7501..............................    1515-AB80 
2895        19 CFR 4  Technical Corrections Regarding Customs Organization........................    1515-AB84 
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2896        25 USC 7805  Grantor Trust Reporting Requirements.....................................    1545-AS37 
2897        26 USC 0041  Definition of Qualified Research and Computation of Research Credit Under              
            Section 41 of the Code, After 1986 Act and 1989 Act...................................    1545-AO51 
2898        26 USC 0042(h)  Available Unit Rule...................................................    1545-AT60 
2899        26 USC 0061  Amendment to the Regulations Under Section 61 To Conform the Treatment of              
            Bond Premium Income to the Constant Yield Method......................................    1545-AL92 
2900        26 USC 0072  Loans Treated as Distributions...........................................    1545-AE41 
2901        26 USC 0079  Section 79, Table I, Update..............................................    1545-AN54 
2902        26 USC 0104  Personal Injury Damages..................................................    1545-AT29 
2903        26 USC 0162(k)  Continuation Coverage Requirements of Group Health Plans..............    1545-AI93 
2904        26 USC 0168(i)(5)  Changes in Use Under Section 168(i)(5).............................    1545-AJ38 
2905        26 USC 0170(f)(8)  Deductibility, Substantiation, and Disclosure of Certain Charitable              
            Contributions.........................................................................    1545-AS95 
2906        26 USC 0179A  Determination of Section 30 Credit and Section 179A Deduction...........    1545-AR66 
2907        26 USC 0263A  Rules for Farmers.......................................................    1545-AQ91 
2908        26 USC 0263A  Production of Creative Property.........................................    1545-AQ92 
2909        26 USC 0263A  Foreign Taxpayers.......................................................    1545-AQ93 
2910        26 USC 0263A  Method Change Rules for the Uniform Capitalization Rules................    1545-AQ94 
2911        26 USC 0274  Receipt Threshold for Traveling Expenses.................................    1545-AT84 
2912        26 USC 0280B  Demolition of Structures Definitions....................................    1545-AR63 
2913        26 USC 0337(d)  Corporate Inversion Transactions......................................    1545-AS91 
2914        26 USC 0351(e)  Section 351e: Diversification.........................................    1545-AT43 
2915        26 USC 0361(a)(3)  Fringe Benefit Sourcing Under Section 861..........................    1545-AO72 
2916        26 USC 0367  Section 361 Outbound Transfers of Property to Foreign Corporations.......    1545-AM97 
2917        26 USC 0367  Certain Outbound Transfers of Domestic Stock or Securities (Corporate                  
            Inversions)...........................................................................    1545-AT42 
2918        26 USC 0381  Carryovers of Methods of Accounting......................................    1545-AT38 
2919        26 USC 0403  Nondiscrimination and Other Rules Applicable to Section 403(b) Annuities.    1545-AI90 
2920        26 USC 0411  Allocation of Accrued Benefits Between Employer and Employee                           
            Contributions.........................................................................    1545-AT82 
2921        26 USC 0417  Disclosure Guidelines for QJSA Waiver....................................    1545-AQ36 
2922        26 USC 0419  Treatment of Funded Welfare Benefit Plans................................    1545-AG14 
2923        26 USC 0446  Hybrid Instruments.......................................................    1545-AR13 
2924        26 USC 0453  Installment Obligations Received From Liquidating Corporations...........    1545-AB43 
2925        26 USC 0460  Definition of a Long-Term Contract.......................................    1545-AQ30 
2926        26 USC 0468B  Escrow Funds and Other Similar Funds....................................    1545-AR82 
2927        26 USC 0472  Definition of an Item for LIFO...........................................    1545-AT39 
2928        26 USC 0482  Intercompany Transfer Pricing for Services...............................    1545-AR32 
2929        26 USC 0584  Merger or Division of Common Trust Funds--Section 584....................    1545-AQ64 
2930        26 USC 0672  Income Taxation of Trusts and Estates....................................    1545-AJ20 
2931        26 USC 0731(c)(7)  Partnership Distributions of Marketable Securities.................    1545-AT19 
2932        26 USC 0736  Payments to a Retiring Partner or a Deceased Partner's Successor in                    
            Interest..............................................................................    1545-AT31 
2933        26 USC 0743  Adjustments Following Sales of Partnership Interests.....................    1545-AS39 
2934        26 USC 0860E  REMIC Regulations.......................................................    1545-AR88 
2935        26 USC 0861  Recomputation of Allocation and Apportionment of Deduction for State                   
            Income Taxes..........................................................................    1545-AP86 
2936        26 USC 0863  Transportation Income Source Rules.......................................    1545-AJ68 
2937        26 USC 0863  Sourcing Rule Applicable to Certain Insurance Income.....................    1545-AQ37 
2938        26 USC 0863  Section 863 Regulations..................................................    1545-AT40 
2939        26 USC 0864  Tiered Partnership Rules.................................................    1545-AO26 
2940        26 USC 0864  Integrated Financial Transaction.........................................    1545-AR20 
2941        26 USC 0865  Source Rules for Personal Property Sales.................................    1545-AJ83 
2942        26 USC 0865  Determination of Source of Loss Resulting From Sale of Stock - Section                 
            865...................................................................................    1545-AT41 
2943        26 USC 0872(b)  Income Tax--Reciprocal Exemptions for Certain Transportation Income...    1545-AJ57 
2944        26 USC 0881  Bank Exclusion From Portfolio Interest...................................    1545-AQ39 
2945        26 USC 0883(c)(3)  Clarification of Section 883(c) Publicly Traded Exception..........    1545-AR77 
2946        26 USC 0884  Final Regulations Under Section 1.884-2..................................    1545-AQ73 
2947        26 USC 0897  Income Tax--Partnership Rules Regarding Taxation of Foreign Investment in              
            United States Real Property Interests.................................................    1545-AL77 
2948        26 USC 0897(c)(3)  FIRPTA Cleanup.....................................................    1545-AJ72 
2949        26 USC 0904(f)  Clarification of Treatment of Separate Limitation Losses..............    1545-AM11 
2950        26 USC 0931  Exclusion of Possession Source Income From Gross Income of Certain                     
            Individuals...........................................................................    1545-AS42 
2951        26 USC 0932  Coordination of U.S. and Virgin Islands Income Taxes.....................    1545-AS41 
2952        26 USC 0936  OBRA 1993 Section 936 Reg................................................    1545-AS43 
2953        26 USC 0953(d)  Foreign Insurance Company--Domestic Election..........................    1545-AO25 
2954        26 USC 0955  Subpart F Shipping Amendments............................................    1545-AM46 
2955        26 USC 0956A  Earnings Invested in Excess Passive Assets..............................    1545-AS47 
2956        26 USC 0960  Coordination of Pre-1987 Deemed Paid Taxes...............................    1545-AT85 
2957        26 USC 0986  Determination of Foreign Taxes and Foreign Corporations' Earnings and                  
            Profits...............................................................................    1545-AN37 
2958        26 USC 1041  Stock Redemption Incident to Divorce.....................................    1545-AT24 
2959        26 USC 1059A  Amendment of Regulations Under IRC Section 1059A........................    1545-AS89 
2960        26 USC 1245  Partnerships and Depreciation Recapture..................................    1545-AT32 
2961        26 USC 1248  Section 1248 - Gain from Sale or Exchange of Stock in Foreign                          
            Corporations..........................................................................    1545-AC31 
2962        26 USC 1248  Gains From Certain Sales or Exchanges in Certain Foreign Corporations....    1545-AL89 
2963        26 USC 1254  Income Tax--Gain From Disposition of Interest in Oil, Gas, Geothermal, or              
            Other Mineral Properties by S Corporations and Their Shareholders.....................    1545-AM98 
2964        26 USC 1276  Disposition Gain Representing Accrued Market Discount Treated as Ordinary              
            Income; Deferral of Interest Deduction Allocable to Accrued Market Discount...........    1545-AH82 
2965        26 USC 1295  QEF Shareholder Election.................................................    1545-AM41 
2966        26 USC 1377  Income Tax--Definitions and Special Rules Pertaining to S Corporations...    1545-AE94 
2967        26 USC 1441  General Revision of Section 1441 Regulations.............................    1545-AO27 
2968        26 USC 1445  Section 1445 Regulation Revisions Due to 1993 Tax Act....................    1545-AS51 
2969        26 USC 1491  Regulations Under Sections 1491, 1492, and 1494..........................    1545-AN39 
2970        26 USC 1502  Section 1.1502-47 Regulations--Supplemental..............................    1545-AR89 
2971        26 USC 1502  Member Stock Transactions................................................    1545-AT51 
2972        26 USC 1503  Applications of Section 1503(d) to Partnerships and Other Items..........    1545-AR26 
2973        26 USC 2104  Situs of Partnership Interests Held by a Nonresident Alien for Estate Tax              
            Purposes..............................................................................    1545-AP07 
2974        26 USC 3306  Treatment of Certain Deferred Compensation and Salary Reduction                        
            Arrangements..........................................................................    1545-AF97 
2975        26 USC 4003  Luxury Excise Tax Changes Under OBRA 1993................................    1545-AS34 
2976        26 USC 4082  Diesel Fuel Excise Tax; Dye Injection Systems and Markers................    1545-AT18 
2977        26 USC 4091  Excise Tax on Aviation Fuel..............................................    1545-AL43 
2978        26 USC 4671  Chemical Tax Under Section 4461 and Imported Substance Tax Under Section               
            4671..................................................................................    1545-AL73 
2979        26 USC 6038  Information Reporting and Record Maintenance Under Section 6038C.........    1545-AP10 
2980        26 USC 6103(n)  Disclosure of Returns and Return Information..........................    1545-AT48 
2981        26 USC 6114  Revision of Section 6114 Regulations.....................................    1545-AT00 
2982        26 USC 6231  Selection of Tax Matters Partner for Limited Liability Companies.........    1545-AS09 
2983        26 USC 7503  Update of List of Legal Holidays for Purposes of Time for Performance of               
            Acts..................................................................................    1545-AT22 
2984        26 USC 7805  Extension of Statute of Limitations in John Doe Summons Disputes.........    1545-AM67 
2985        26 USC 7805  Suspension of Running of Period of Limitations During Proceeding To                    
            Enforce Designated Summons............................................................    1545-AQ01 
2986        26 USC 7805  Technical Corrections for Chapter 14.....................................    1545-AR49 
2987        26 USC 7805  Disclaimer of Interests and Power........................................    1545-AR52 
2988        26 USC 7805  Automatic Extension of Time for Filing Individual Tax Returns............    1545-AS04 
2989        26 USC 7805  Automatic Extension of Time for Filing Individual Tax Returns............    1545-AS05 
2990        26 USC 7805  Arbitrage Restriction on Tax-Exempt Bonds................................    1545-AS49 
2991        26 USC 7805  Intangible Amortization..................................................    1545-AS77 
2992        26 USC 7805  Reissuance of Qualified Tender Bonds.....................................    1545-AT09 
2993        26 USC 7805  Pass Through Items of S Corporation to Its Shareholders..................    1545-AT52 
2994        26 USC 7805  Treatment of Underwriters in Section 351 and Section 721.................    1545-AT55 
2995        26 USC 7805  Excise Tax on Heavy Trucks, Truck Trailers and Semitrailers, and Tractors    1545-AT63 
2996        26 USC 7805  Timing of Notice and Consent Requirements................................    1545-AT75 
2997        26 USC 7805  Effective Date of Temporary Backup Withholding Regulations...............    1545-AT77 
2998        26 USC 7805  ERISA Sec. 204(h) Notice.................................................    1545-AT78 
2999        26 USC 7805  ERISA Sec. 204(h) Notice.................................................    1545-AT79 
3000        26 USC 7872  Regulations on Income Tax Under the Tax Reform Act of 1984, Relating to                
            Below-Market Loans....................................................................    1545-AH72 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage                                   
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3001        05 USC 0552  Statement of Procedural Rules--Part 601.702..............................    1545-AR99 
3002        26 USC 0101(a)  The Treatment of Accelerated Death Benefits Under Sections 101, 7702                
            and 7702A of the Internal Revenue Code................................................    1545-AQ70 
3003        26 USC 0141  Definition of ``Private Activity Bond'', ``Qualified Bond''..............    1545-AM01 
3004        26 USC 0162(M)  Million-Dollar Cap on Deduction for Executive Compensation............    1545-AS23 
3005        26 USC 0163  Earnings Stripping Payments..............................................    1545-AO24 
3006        26 USC 0165  Section 165..............................................................    1545-AP33 
3007        26 USC 0170  Substantiation of Contributions Made by Payroll Deduction................    1545-AS27 
3008        26 USC 0170(f)(8)  Self-Employment Tax Treatment of Members of Certain Limited                      
            Liability Companies...................................................................    1545-AS94 
3009        26 USC 0280G  Golden Parachute Payments...............................................    1545-AH49 
3010        26 USC 0305(c)(1)  Treatment of Premiums on Stock Callable at the Option of the Issuer    1545-AQ42 
3011        26 USC 0337(d)  Guidance in Notice 89-37, Which Treats the Receipt of a Corporate                   
            Partner's Stock by the Corporate Partner as a Circumvention of General Utilities                    
            Repeal................................................................................    1545-AP52 
3012        26 USC 0337(d)  YOC Heating...........................................................    1545-AT15 
3013        26 USC 0338  Deemed Purchase Price When Certain Stock Purchases Are Treated as Asset                
            Acquisitions..........................................................................    1545-AF29 
3014        26 USC 0338  Amendment of Section 1.338-5T Regulations................................    1545-AO73 
3015        26 USC 0358  Income Tax--Triangular Reorganizations, Basis and Other Consequences.....    1545-AB21 
3016        26 USC 0367  Amendment of the Income Tax Regulations Under Section 367 of the Code                  
            (Transfers to Foreign Corporations) To Reflect Section 131 of the Tax Reform Act of                 
            1984 (P.L. 98-369)....................................................................    1545-AK74 
3017        26 USC 0367  Transfers of Stock or Securities by U.S. Persons to Foreign Corporations.    1545-AP81 
3018        26 USC 0367  Certain Outbound Transfers; Domestic Stock or Securities (Corporate                    
            Inversions)...........................................................................    1545-AT44 
3019        26 USC 0367(b)  Income Tax--Part 1--Stock Transfer Rules..............................    1545-AI32 
3020        26 USC 0367(e)  Certain Corporate Distributions to Foreign Corporations...............    1545-AL35 
3021        26 USC 0402(c)  Twenty Percent Withholding on Eligible Rollover Distribution..........    1545-AR01 
3022        26 USC 0404A  Income Tax--Deduction for Certain Foreign Deferred Compensation Plans...    1545-AD81 
3023        26 USC 0411  Allocation of Accrued Benefits Between Employer and Employee                           
            Contributions.........................................................................    1545-AT83 
3024        26 USC 0414(q)  Definition of ``Highly Compensated Employee''.........................    1545-AQ74 
3025        26 USC 0417  Valuation of Plan Distribution...........................................    1545-AT27 
3026        26 USC 0469  Rules for Certain Rental Real Estate Activities..........................    1545-AS38 
3027        26 USC 0469(l)  Limitations on Passive Activity Losses and Credits--Self-Charged Items    1545-AN64 
3028        26 USC 0475(a)  Mark-to-Market Upon Disposition.......................................    1545-AS85 
3029        26 USC 0482  Section 482, Cost Sharing Regulations....................................    1545-AM00 
3030        26 USC 0482  Taxation of Global Trading...............................................    1545-AP01 
3031        26 USC 0704(c)  Recognition of Pre-Contribution Gain or Loss..........................    1545-AR93 
3032        26 USC 0737  Section 737 Distributions................................................    1545-AR48 
3033        26 USC 0860F  Extension of Time for Real Estate Mortgage Investment Conduits To                     
            Provide Reporting Information.........................................................    1545-AP73 
3034        26 USC 0861  Charitable Contributions.................................................    1545-AP30 
3035        26 USC 0861  Allocation and Apportionment of Research and Experimental Expenditures...    1545-AT49 
3036        26 USC 0864  Allocation and Apportionment of Interest Expense and Certain Other                     
            Expenses..............................................................................    1545-AM20 
3037        26 USC 0864(d)  Treatment of Related Person Factoring Income; Certain Investments in                
            United States Property; and Stock Redemptions Through Related Corporations............    1545-AH85 
3038        26 USC 0882  Computation of Interest Expense Deduction................................    1545-AL84 
3039        26 USC 0884  Amendments to the Branch Profits Tax Under Sections 884 and 864..........    1545-AQ58 
3040        26 USC 0892  Income of Foreign Governments and International Organizations............    1545-AL93 
3041        26 USC 0897  Nonrecognition of Corporate Distributions and Reorganizations Under the                
            Foreign Investment in Real Property Tax Act...........................................    1545-AK79 
3042        26 USC 0898  Conforming Taxable Years of CFCs and FPHCs: 1989 Change..................    1545-AO22 
3043        26 USC 0904  Resourcing Income To Prevent Avoidance of Foreign Tax Credit Limitation                
            Rules Relating to Foreign Losses......................................................    1545-AN87 
3044        26 USC 0904(d)(5)  Application of Section 904 to Income Subject to Separate                         
            Limitations and Section 864(e) Affiliated Group Expert Allocation Rules...............    1545-AQ43 
3045        26 USC 0905  Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of               
            Foreign Tax and Civil Penalties for Failure to File...................................    1545-AC09 
3046        26 USC 0936  Income Tax--Definition of Qualified Possession Source Investment Income                
            for Purposes of Puerto Rico and Possession Tax Credit.................................    1545-AC10 
3047        26 USC 0936  Section 936 Regulations..................................................    1545-AR18 
3048        26 USC 0936(d)(4)  CBI Investments of Section 936 Funds...............................    1545-AM91 
3049        26 USC 0953(c)  Insurance Income......................................................    1545-AJ70 
3050        26 USC 0964  Earnings and Profits of Controlled Foreign Corporations..................    1545-AM90 
3051        26 USC 0964  Use of GAAP Earnings as E&P of Foreign Corporations......................    1545-AQ55 
3052        26 USC 0985  Rules for a QBU Changing From the Profit-and-Loss Method to DASTM........    1545-AR28 
3053        26 USC 0985  Change From the Dollar Approximate Separate Transactions Method (DASTM)                
            to the Profit-and-Loss Method of Accounting...........................................    1545-AS68 
3054        26 USC 0987  Computation of a Branch's Taxable Income Taxation of Exchange Gain or                  
            Loss on Branch Remittances............................................................    1545-AM12 
3055        26 USC 0988  Mark-to-Market Method of Accounting Under Section 988....................    1545-AP78 
3056        26 USC 1001  Modifications of Debt Instruments........................................    1545-AR04 
3057        26 USC 1058  Certain Payments Made Pursuant to a Securities Lending Transaction.......    1545-AP71 
3058        26 USC 1258  Conversion Transactions..................................................    1545-AS87 
3059        26 USC 1291  Treatment of Shareholders of Passive Foreign Investment Companies........    1545-AC06 
3060        26 USC 1291(d)(2)  Passive Foreign Investment Companies...............................    1545-AI33 
3061        26 USC 1296  Passive Foreign Investment Companies - Special Rules for Foreign Banks                 
            and Securities Dealers................................................................    1545-AS46 
3062        26 USC 1441  Withholding on Items of Income Covered by an Income Tax Convention.......    1545-AH86 
3063        26 USC 1441  Withholding of Tax on Nonresident Aliens.................................    1545-AN75 
3064        26 USC 1446  Temporary Regulation on Withholding Tax on Payments From Partnerships to               
            Foreign Partners......................................................................    1545-AL32 
3065        26 USC 2056A  QDOT Security Requirements..............................................    1545-AT64 
3066        26 USC 2653(b)  Estate Tax--Generation Skipping Transfer Tax..........................    1545-AJ11 
3067        26 USC 3402  Electronic Filing of Form W-4............................................    1545-AR67 
3068        26 USC 3402(R)  Withholding on Distributions of Indian Gaming Profits to Tribal                     
            Members...............................................................................    1545-AT11 
3069        26 USC 4001  Retail Excise Taxes on Certain Luxury Items..............................    1545-AP24 
3070        26 USC 4081  Diesel Fuel Excise Tax...................................................    1545-AR92 
3071        26 USC 4611  Tax on Petroleum.........................................................    1545-AJ23 
3072        26 USC 4682  Exports of Ozone-Depleting Chemicals.....................................    1545-AQ23 
3073        26 USC 4941  Excise Tax on Self-Dealing by Private Foundations........................    1545-AT03 
3074        26 USC 6033  Amendment of Section 1.6033-2(g)(5) Relating to Returns by an Integrated               
            Auxiliary of a Church.................................................................    1545-AI52 
3075        26 USC 6039E  Information From Passport and Immigration Applicants....................    1545-AJ93 
3076        26 USC 6050I  Cash Reporting by Court Clerks..........................................    1545-AT06 
3077        26 USC 6051  IRC Section 6051.........................................................    1545-AN57 
3078        26 USC 6061  Voice Signatures.........................................................    1545-AQ68 
3079        26 USC 6109  Authority of the FCIC To Require Employer Identification Numbers for                   
            Certain Taxpayers.....................................................................    1545-AQ49 
3080        26 USC 6109  Amendment to Section 6109 Regulations....................................    1545-AS83 
3081        26 USC 6109  Authority of the Secretary of Agriculture To Share Employer                            
            Identification Numbers................................................................    1545-AT21 
3082        26 USC 6205  Interest-Free Adjustments................................................    1545-AQ61 
3083        26 USC 6231(a)(7)  Selection of Tax Matters Partner for Limited Liability Companies...    1545-AQ47 
3084        26 USC 6302  Railroad Unemployment Repayment Tax......................................    1545-AN40 
3085        26 USC 6302  Federal Tax Deposits by Electronic Funds Transfer........................    1545-AS79 
3086        26 USC 6302  Deposits of Excise Tax...................................................    1545-AT25 
3087        26 USC 6662  Imposition of Accuracy-Related Penalty...................................    1545-AS24 
3088        26 USC 7409  Political Activity Injunction............................................    1545-AO77 
3089        26 USC 7520  Actuarial Tables Exceptions..............................................    1545-AR56 
3090        26 USC 7701  Environmental Settlement Funds--Classification 7701......................    1545-AT02 
3091        26 USC 7701(b)  Special Rules for S Corps Under 301.7701(b)-7.........................    1545-AS88 
3092        26 USC 7704  Certain Publicly Traded Partnerships Treated as Corporations.............    1545-AL57 
3093        26 USC 7805  Certain Elections Under the Omnibus Budget Reconciliation Act of 1993....    1545-AS14 
3094        26 USC 7805  Information Reporting for Discharges of Indebtedness.....................    1545-AS21 
3095        26 USC 7805  Disclosure of Return Information to the U.S. Customs Service.............    1545-AS52 
3096        26 USC 7805  Seals of Office in Connection With IRC Section 7514......................    1545-AS61 
3097        26 USC 7805  Hedging Transactions by Members of Consolidated Groups...................    1545-AS75 
3098        26 USC 7805  Debt Instruments With OID; Annuity Contracts.............................    1545-AS76 
3099        26 USC 7805  Nonbank Trustee Net Worth Requirements...................................    1545-AS92 
3100        26 USC 7805  Reissuance of Qualified Tender Bonds.....................................    1545-AT10 
3101        26 USC 7805  Modifications of Bad Debt................................................    1545-AT14 
3102        26 USC 7805  Methods of Signing.......................................................    1545-AT23 
3103        26 USC 7805  Straddles - Miscellaneous Issues.........................................    1545-AT46 
3104        26 USC 7805  Backup Withholding.......................................................    1545-AT76 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3105        26 USC 0025  Reissuance of Mortgage Credit Certificates (Cross-Reference to Temporary               
            Regulations)..........................................................................    1545-AR76 
3106        26 USC 0044(e)  Disabled Access Credit................................................    1545-AT72 
3107        26 USC 0072  Ten Percent Additional Tax on Early Distribution From Qualified Plans....    1545-AN16 
3108        26 USC 0126  Exclusion From Income of Certain Cost-Sharing Payments Under Government                
            Programs..............................................................................    1545-AT73 
3109        26 USC 0163  Qualified Residence Interest.............................................    1545-AL67 
3110        26 USC 0168  Lease Term; Exchanges of Tax-Exempt Use Property.........................    1545-AT33 
3111        26 USC 0337(d)  Scope of General Utilities Repeal.....................................    1545-AN21 
3112        26 USC 0338  Section 338(h)(10) and Insurance Companies...............................    1545-AS56 
3113        26 USC 0412  Revising the Definition of the Full Funding Limitation for Purposes of                 
            the Minimum Funding Requirement for Pension Plans.....................................    1545-AL53 
3114        26 USC 0465  Guidance on What Constitutes an Interest Other Than That of a Creditor...    1545-AO32 
3115        26 USC 0468  Guidance on Section 468..................................................    1545-AT59 
3116        26 USC 0469  Application of Passive Activity Loss and Credit Limitations to Trusts,                 
            Estates, and Their Beneficiaries......................................................    1545-AN62 
3117        26 USC 0471  Inventories by Dealers in Securities Section 1.471-5.....................    1545-AS57 
3118        26 USC 0864(c)(6)  Treatment of Deferred Payments and Appreciation Arising Out of                   
            Business Conducted Within the United States...........................................    1545-AM53 
3119        26 USC 0902  Deemed Paid Credit Under Section 902 Determined on Accumulated Basis.....    1545-AL98 
3120        26 USC 0954  Amendment to Subpart F Definitions.......................................    1545-AR31 
3121        26 USC 1275  Contingent and Variable Debt Instruments.................................    1545-AQ86 
3122        26 USC 1275(d)  Debt Instruments With Original Issue Discount: Anti-Abuse Rule........    1545-AS35 
3123        26 USC 1502  Consolidated Alternative Minimum Tax.....................................    1545-AN73 
3124        26 USC 2032A  Estate Tax-Valuation of Certain Farm, Etc., Real Property...............    1545-AT66 
3125        26 USC 2039  Estate Tax--Annuity Exclusion Repeal.....................................    1545-AP60 
3126        26 USC 2055(e)(13)  Reformation of Charitable Transfers-Definition of Guaranteed                    
            Annuity and Lead Unitrust Interest....................................................    1545-AT65 
3127        26 USC 3221  Exception From Supplemental Tax..........................................    1545-AT56 
3128        26 USC 3406  Information Reporting and Backup Withholding.............................    1545-AL99 
3129        26 USC 3508  Treatment of Real Estate Agents and Direct Sellers as Nonemployees for                 
            Employment Tax Purposes--Reporting Requirements With Respect to Direct Sellers........    1545-AE62 
3130        26 USC 4251  Communications Tax Regulations...........................................    1545-AP67 
3131        26 USC 6114  6114 Reporting Requirements Waived.......................................    1545-AP35 
3132        26 USC 7518  Interim Fishing Vessel Capital Construction Fund Procedures..............    1545-AS69 
3133        26 USC 7805  Guidance for Air Cargo Carriers..........................................    1545-AT30 
3134        26 USC 7805  Certain Fringe Benefits..................................................    1545-AT45 
3135        26 USC 7805  Effect of the Family and Medical Leave Act on the Operation of Cafeteria               
            Plans.................................................................................    1545-AT47 
3136        26 USC 7805  Property Distributed in Kind and Treatment of Multiple Trusts............    1545-AT68 
3137        26 USC 7805  Amortization-Goodwill Intangibles 197....................................    1545-AT70 
3138        26 USC 7805  To Add Provisions Relating to Start-Up Expenditures......................    1545-AT71 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3139        26 USC 0061  Allowances Received by Members of the Armed Forces in Connection With                  
            Moves to New Permanent Duty Stations..................................................    1545-AS98 
3140        26 USC 0083  Revision of Section 83 Deduction Rules...................................    1545-AN55 
3141        26 USC 0162  Lobbying Expense Deductions--Dues........................................    1545-AS18 
3142        26 USC 0162  Allocation of Expenses to Lobbying.......................................    1545-AS26 
3143        26 USC 0179A  Recapture--Clean Fuel/Electric Vehicles.................................    1545-AR23 
3144        26 USC 0216  Distributions by Cooperative Housing Association.........................    1545-AO91 
3145        26 USC 0269B  Rules for Treatment of Foreign Corporation Whose Stock Is Stapled to the              
            Stock of a Domestic Corporation.......................................................    1545-AN20 
3146        26 USC 0337(D)  Combining Transactions................................................    1545-AT20 
3147        26 USC 0417  Valuation of Plan Distribution...........................................    1545-AT28 
3148        26 USC 0461  Effective Dates of the Economic Performance Requirements.................    1545-AT16 
3149        26 USC 0595(d)  Treatment of Income and Expenses With Respect to Foreclosed Property                
            by Certain Mutual Savings Institutions................................................    1545-AS78 
3150        26 USC 0672  Income Taxation of Trust and Estate......................................    1545-AT67 
3151        26 USC 0679  Foreign Grantor Trusts...................................................    1545-AO75 
3152        26 USC 0752  Partnership Liabilities..................................................    1545-AR62 
3153        26 USC 0842  Taxation of Foreign Insurance Companies Doing Business in the United                   
            States, Including the Explication of the Minimum Net Investment Income Calculation....    1545-AN31 
3154        26 USC 0842(b)  Foreign Insurance Companies...........................................    1545-AL82 
3155        26 USC 0863  Special Rules for Determining Source.....................................    1545-AQ81 
3156        26 USC 0863  Special Rules for Determining Sources of Prizes and Awards...............    1545-AT53 
3157        26 USC 0863  Special Rules for Determining Sources of Prizes and Awards...............    1545-AT54 
3158        26 USC 0884  Proposed Regulations Under Section 1.884-3...............................    1545-AQ72 
3159        26 USC 0894  Dividend Withholding--Luxembourg Corporations............................    1545-AQ54 
3160        26 USC 0905  Section 905(b) Regulations...............................................    1545-AP36 
3161        26 USC 0924  FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction,              
            and Other Special Rules for FSC.......................................................    1545-AI16 
3162        26 USC 0932  Source Rules Within the Virgin Islands...................................    1545-AL40 
3163        26 USC 0952  Subpart F--Use of Deficits...............................................    1545-AJ71 
3164        26 USC 0954  Subpart F Definitions....................................................    1545-AM15 
3165        26 USC 0960  Deemed-Paid Credit Under Section 960, Determined on Accumulated Basis....    1545-AQ34 
3166        26 USC 0964  Effect of Acquisitive Reorganizations on Earnings and Profits Pools......    1545-AO71 
3167        26 USC 0993  DISC Regulations.........................................................    1545-AM05 
3168        26 USC 0995  Income Tax--Tax Reform Act of 1984 Relating to Interest Charge DISCs.....    1545-AG71 
3169        26 USC 1244  Section 1244, Information Statement......................................    1545-AS97 
3170        26 USC 1361  Income Tax--Definition of S Corporation..................................    1545-AE86 
3171        26 USC 1502  Consolidated Groups and Controlled Groups--Intercompany Transactions and               
            Related Rules.........................................................................    1545-AL63 
3172        26 USC 1502  Member Stock Transactions (Temporary)....................................    1545-AT50 
3173        26 USC 1502  Intercompany Transactions and Related Rules..............................    1545-AT58 
3174        26 USC 1504  Income Tax--Includibility in an Affiliated Group of Subsidiaries Formed                
            To Comply With Foreign Laws...........................................................    1545-AC58 
3175        26 USC 2056  Alien Spouse Marital Deduction...........................................    1545-AM85 
3176        26 USC 2056A  QDOT Security Requirements..............................................    1545-AS67 
3177        26 USC 3406  Backup Withholding Under Section 3406....................................    1545-AE20 
3178        26 USC 3406  Clarifying Amendments to Section 35a.3406-1 Regarding Backup Withholding               
            Due to an Incorrect TIN...............................................................    1545-AM51 
3179        26 USC 4081  Diesel Fuel Tax--Gasohol.................................................    1545-AS10 
3180        26 USC 6046A  6046A - Returns as to Interests in Foreign Partnerships.................    1545-AK75 
3181        26 USC 6048  Section 6048 Regulations.................................................    1545-AR25 
3182        26 USC 6081  Extension of Time To File................................................    1545-AR85 
3183        26 USC 6302  Deposits of Excise Tax...................................................    1545-AT26 
3184        26 USC 6662  Revise Disclosure Standard for Accuracy-Related Penalty Regulations......    1545-AS58 
3185        26 USC 7425  Redemptions of Real Property Under IRC 7425--Excess Expenses.............    1545-AL20 
3186        26 USC 7701  Taxable Mortgage Pools...................................................    1545-AP98 
3187        26 USC 7701  Regulations Dealing With Conduit Arrangements............................    1545-AS40 
3188        26 USC 7701  Environmental Settlement Funds - Classification..........................    1545-AT34 
3189        26 USC 7805  Income Tax--Presumption of Jeopardy in the Case of Illegal Activity Cash.    1545-AE30 
3190        26 USC 7805  Procedure and Administration Regulations--Payment of Taxes by Check or                 
            Money Order and Liability of Financial Institutions for Unpaid Taxes..................    1545-AI24 
3191        26 USC 7805  Liability of Third Parties Paying or Providing for Wages, Suit, and Its                
            Extension and Maximum Amount Recoverable..............................................    1545-AS22 
3192        26 USC 7805  REMIC Variable Interest Rates............................................    1545-AS54 
3193        26 USC 7805  Lobbying Expenses........................................................    1545-AS65 
3194        26 USC 7805  Definition of ``Club''...................................................    1545-AS71 
3195        26 USC 7805  Accuracy-Related Penalty; Reasonable Cause and Good Faith Exception                    
            (GATT)................................................................................    1545-AT13 
3196        26 USC 7805  Methods of Signing.......................................................    1545-AT57 
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3197        12 CFR 543  Community Reinvestment Act Hearing Procedures.............................    1550-AA83 
3198        12 CFR 500  Regulatory Review.........................................................    1550-AA85 
3199        12 CFR 563  Flood Insurance...........................................................    1550-AA86 
3200        12 CFR 543  Regulatory Review: Corporate Governance...................................    1550-AA87 
3201        12 CFR 545  Regulatory Review: Subsidiaries...........................................    1550-AA88 
3202        12 CFR 545  Regulatory Review: Insurance..............................................    1550-AA89 
3203        12 CFR 545  Regulatory Review: Adjustable Rate Mortgages..............................    1550-AA90 
3204        12 CFR 545  Regulatory Review: Lending Regulations....................................    1550-AA91 
3205        12 CFR 545  Regulatory Review: Federal Preemption.....................................    1550-AA92 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3206        12 CFR 563  Suspicious Activity Reports and Other Statements..........................    1550-AA62 
3207        12 CFR 567  Risk-Based Capital Requirements, Small Business Loan Recourse Obligations.    1550-AA81 
3208        12 CFR 565  Risk-Based Capital Guidelines: Originated Mortgage Servicing Rights.......    1550-AA84 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Long-Term Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3209        12 CFR 563  Small and Medium-Sized Business and Farm Loan Documentation Exemption for               
            Qualifying Associations...............................................................    1550-AA61 
3210        12 CFR 563  Classification of Assets..................................................    1550-AA65 
3211        12 CFR 567  Risk-Based Capital Standards--Recourse Obligations........................    1550-AA70 
3212        12 CFR 563  Capital Distributions.....................................................    1550-AA72 
3213        12 CFR 543  ''De Novo'' Applications for a Federal Savings Association Charter........    1550-AA76 
3214        12 CFR 566  Liquidity.................................................................    1550-AA77 
3215        12 CFR 563  Loans to One Borrower.....................................................    1550-AA78 
3216        12 CFR 509  Uniform Rules of Practice and Procedure...................................    1550-AA79 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3217        12 CFR 563  Safety and Soundness Standards............................................    1550-AA54 
3218        12 CFR 510  Release of Unpublished Information........................................    1550-AA66 
3219        12 CFR 563e  Community Reinvestment Act...............................................    1550-AA69 
3220        12 CFR 567  Regulatory Capital: Common Stockholders' Equity...........................    1550-AA71 
3221        12 CFR 509  Uniform Rules of Practice and Procedure; Ex Parte Communications..........    1550-AA80 
3222        12 CFR 563  Loans in Areas Having Special Flood Hazards...............................    1550-AA82 
----------------------------------------------------------------------------------------------------------------

      
  
          
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Departmental Offices (DO)
  
_______________________________________________________________________
  
2762. AMENDMENTS UNDER THE GOVERNMENT SECURITIES ACT; LARGE 
POSITION REPORTING

Priority:  Other Significant

Legal Authority:  15 USC 780-5(f)

CFR Citation:  17 CFR 404; 17 CFR 405

Legal Deadline: None

Abstract: These rules would provide a mechanism for the maintaining and 
reporting of information about large positions in to-be-issued or 
recently issued Treasury securities. The rules will define what 
constitutes a large position and how positions should be aggregated 
across affiliates and subsidiaries, and the recordkeeping and reporting 
requirements. The scope of the reporting requirement would extend to 
any entity whose positions in the covered securities would meet the 
definition of a large position.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           01/24/95                     60 FR 4576
ANPRM Comment Period End        05/24/95                    60 FR 20065
NPRM                            10/00/95
NPRM Comment Period End         12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ken Papaj, Director, Government Securities Regulations 
Staff, Department of the Treasury, Bureau of the Public Debt, Room 515, 
999 E Street NW., Washington, DC 20239-0001
Phone: 202 219-3632

RIN: 1505-AA53
_______________________________________________________________________

2763. ADMINISTRATIVE HEARINGS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  50 USC app 1 to 44, Trading With the Enemy Act; 22 
USC 6001 to 6010, The Cuban Democracy Act of 1992

CFR Citation:  31 CFR 500.704; 31 CFR 515.704

Legal Deadline: None

Abstract: The Foreign Assets Control Regulations, 31 CFR part 500, and 
the Cuban Assets Control Regulations, 31 CFR part 515, are being 
amended to provide for detailed procedures governing administrative 
hearings, as provided in section 1710(c) of the Cuban Democracy Act of 
1992 (the CDA). Because the CDA amends section 16 of the Trading with 
the Enemy Act to permit the imposition of civil monetary penalties and 
civil forfeiture, subpart G is revised to establish the procedures 
governing administrative hearings. The regulations impose no 
obligations or duties, but rather make available administrative hearing 
procedures for those persons wishing to appeal the assessment of a 
civil administrative penalty issued under parts 500 or 515.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95
NPRM Comment Period End         03/00/96
Interim Final Rule              05/00/96
Final Action                    06/00/96
Final Action Effective          06/00/96
Begin Review                    06/00/96
End Review                      06/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Benjamin J. Bornstein, Attorney-Advisor, Department of 
the Treasury, MT Annex, 1500 Pennsylvania Avenue NW., Washington, DC 
20220
Phone: 202 622-2410

RIN: 1505-AA59
_______________________________________________________________________

2764.  AMENDMENTS TO THE GOVERNMENT SECURITIES ACT 
REGULATIONS; RECORDKEEPING RULES FOR NOTICED FINANCIAL INSTITUTION 
BROKER-DEALERS

Priority:  Substantive, Nonsignificant

Legal Authority:  15 USC 780-5(b)

CFR Citation:  17 CFR 404

Legal Deadline: None

Abstract: The Department, under the authority granted it by the 
Government Securities Act of 1986 (GSA), will amend the recordkeeping 
rules for financial institutions that have filed notice or are required 
to file notice as Government securities brokers or dealers. The rule 
amendment will clarify any ambiguity resulting from the interplay of 
the GSA rules and the rules of the bank regulatory agencies with 
respect to recordkeeping requirements for the Government securities 
transactions of financial institutions that are subject to the GSA 
recordkeeping rules.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kerry Lanham, Government Securities Specialist, 
Government Securities Regulations Staff, Department of the Treasury, 
Bureau of the Public Debt, Room 515, 999 E Street NW., Washington, DC 
20239-0001
Phone: 202 219-3632

RIN: 1505-AA70
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Departmental Offices (DO)
  
_______________________________________________________________________
  
2765.  COLOR ILLUSTRATION OF U.S. CURRENCY

Priority:  Substantive, Nonsignificant

Legal Authority:  18 USC 504

CFR Citation:  31 CFR 411

Legal Deadline: None

Abstract: To permit color illustration of U.S. currency while 
maintaining the safeguards needed to prevent counterfeiting of United 
States currency.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/26/95                    60 FR 32929
NPRM Comment Period End         08/25/95
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Mulligan, Attorney-Advisor, Department of the 
Treasury, Office of Chief Counsel, U.S. Secret Service, 1800 G Street 
NW., Room 842, Washington, DC 20223
Phone: 202 435-5771

RIN: 1505-AA69
_______________________________________________________________________

2766.  COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS 
PROGRAM; BANK ENTERPRISE AWARD PROGRAM REGULATIONS

Regulatory Plan:  This entry is Seq. No. 96 in Part II of this issue of 
the Federal Register.

RIN: 1505-AA71
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Departmental Offices (DO)
  
_______________________________________________________________________
  
2767. REVISIONS TO THE GOVERNMENT SECURITIES ACT REGULATIONS; RISK 
ASSESSMENT RULE FOR SPECIALIZED GOVERNMENT SECURITIES BROKER-DEALERS

Priority:  Substantive, Nonsignificant

CFR Citation:  17 CFR 404; 17 CFR 405

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    04/26/95                    60 FR 20396
Final Action Effective          06/30/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kerry Lanham
Phone: 202 219-3632

RIN: 1505-AA47
_______________________________________________________________________

2768. DEBARMENT AND SUSPENSION COMMON RULE TO ACHIEVE RECIPROCITY 
WITH PROCUREMENT

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 19

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    06/26/95                    60 FR 33037
Final Action Effective          08/25/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William Murphy
Phone: 202 622-0450

RIN: 1505-AA57
_______________________________________________________________________

2769.  CLOSURE OF STREETS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 321; 18 USC 3056; 3 USC 202

CFR Citation:  31 CFR 413

Legal Deadline: None

Abstract: Closed to public vehicular traffic the following streets in 
order to secure the perimeter of the White House: (i) the segment of 
Pennsylvania Avenue NW., between Madison Place and Seventeenth Street 
and; (ii) State Place and the segment of South Executive Avenue that 
connects into State Place.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    05/26/95                    60 FR 27882
Final Action Effective          05/26/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Eric G. Harnischfeger, Special Agent, Department of the 
Treasury, Office of Government Liaison and Public Affairs, U.S. Secret 
Service, Washington, DC 20223
Phone: 202 435-5708

RIN: 1505-AA68
BILLING CODE 4810-25-F
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Financial Crimes Enforcement Network (FINCEN)
  
_______________________________________________________________________
  
2770. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DEFINITIONS

Priority:  Other

Legal Authority:  12 USC 1829b Bank Secrecy Act; 12 USC 1951 to 1959; 
31 USC 5311 to 5330

CFR Citation:  31 CFR 103

Legal Deadline:  NPRM, Statutory, March 23, 1995.
Section 408 of PL 103-325 requires money-transmitting businesses to 
register by March 23, 1995.

Abstract: This NPRM will propose to clarify and reorganize the 
definitions used in the Bank Secrecy Act regulations. Existing CFR 
section 103.11 would be subdivided into several sections. A separate 
section containing the definition of financial institutions will 
propose changes to the definition of non-bank financial institutions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis, Associate Director, Office of Regulatory 
Policy and Enforcement, FinCEN, Department of the Treasury, Financial 
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA03
_______________________________________________________________________

2771. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT 
THAT FINANCIAL INSTITUTIONS CARRY OUT ANTI-MONEY-LAUNDERING PROGRAMS

Priority:  Other Significant

Legal Authority:  31 USC 5318

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This regulation would require financial institutions subject 
to the Bank Secrecy Act (BSA) to implement BSA compliance and anti-
money-laundering programs and procedures. These programs and procedures 
would include, among other things, customer identification procedures, 
enhanced recordkeeping, and related training of financial institution 
personnel.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Peter G. Djinis, Associate Director, Office of 
Regulatory Policy and Enforcement, FinCEN, Department of the Treasury, 
Financial Crimes Enforcement Network, Treasury Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA05
_______________________________________________________________________

2772. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS AFFECTING 
TRIBAL AND STATE-LICENSED GAMING ESTABLISHMENTS

Priority:  Other Significant

Legal Authority:  31 USC 5312(a)(2) Bank Secrecy Act

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: Existing regulations do not specifically subject Indian 
gaming establishments to the same reporting, recordkeeping, and other 
Bank Secrecy Act requirements as State-licensed casinos. This NPRM 
would provide for consistent treatment of tribal and State-licensed 
gaming establishments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/03/95                    60 FR 39665
NPRM Comment Period End         11/02/95

Small Entities Affected: None

Government Levels Affected: Tribal

Agency Contact: Peter Djinis, Associate Director, Office of Regulatory 
Policy and Enforcement, FinCEN, Department of the Treasury, Financial 
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA07
_______________________________________________________________________

2773. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF 
AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS

Priority:  Other Significant

Legal Authority:  31 USC 5321(e) Bank Secrecy Act

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This NPRM proposes to delegate to the appropriate Federal 
banking regulatory agencies the authority to assess civil money 
penalties on depository institutions for violations of the Bank Secrecy 
Act. The regulation would prescribe the parameters of the delegated 
authority.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Peter Djinis, Associate Director, Office of Regulatory 
Policy and Enforcement, FinCEN, Department of the Treasury, Financial 
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA08
_______________________________________________________________________

2774. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REGISTRATION 
REQUIREMENT FOR CERTAIN NON-BANK FINANCIAL INSTITUTIONS

Priority:  Other Significant

Legal Authority:  31 USC 5330

CFR Citation:  31 CFR 103

Legal Deadline:  NPRM, Statutory, March 23, 1995.
Section 408 of PL 103-325 requires money transmitting businesses to 
register by March 23, 1995.

Abstract: This NPRM will identify money-transmitting and other 
businesses that must register with the Secretary, and will prescribe 
procedures for registration.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Peter Djinis, Associate Director, Office of Regulatory 
Policy and Enforcement, FinCEN, Department of the Treasury, Financial 
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA09
_______________________________________________________________________

2775. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--MANDATORY 
EXEMPTION OF CERTAIN TRANSACTIONS FROM CURRENCY TRANSACTION REPORTING 
REQUIREMENTS

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  31 USC 5313(d) Bank Secrecy Act

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This NPRM would exempt depository institutions from the 
currency transaction reporting obligations of 31 USC 5313 with respect 
to transactions with certain businesses.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis, Associate Director, Office of Regulatory 
Policy and Enforcement, FinCEN, Department of the Treasury, Financial 
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA11
_______________________________________________________________________

2776. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DISCRETIONARY 
EXEMPTION OF CERTAIN TRANSACTIONS FROM CURRENCY TRANSACTION REPORTING 
REQUIREMENTS

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  31 USC 5313(e) Bank Secrecy Act

CFR Citation:  31 CFR 103

Legal Deadline: None
31 USC 5313(e)(6) permits a phase-in of discretionary exemptions over a 
2-year period ending September 23, 1996.

Abstract: This NPRM proposes to exempt depository institutions from the 
currency transaction reporting obligations of 31 USC 5313 with respect 
to transactions with certain customers.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis, Associate Director, Office of Regulatory 
Policy and Enforcement, FinCEN, Department of the Treasury, Financial 
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA12
_______________________________________________________________________

2777. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT TO 
REPORT SUSPICIOUS TRANSACTIONS

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  31 USC 5318(g) Bank Secrecy Act

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This NPRM proposes to require financial institutions, as well 
as their directors, officers, employees and agents, to report 
transactions in which there is a suspected violation of law. The 
regulation would provide guidelines for determining when a transaction 
should be considered suspicious and procedures for making reports. The 
regulation would prohibit financial institutions that report suspicious 
transactions from notifying the persons involved in such transactions 
that reports were filed.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/15/95
NPRM Comment Period End         10/31/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis, Associate Director, Office of Regulatory 
Policy and Enforcement, FinCEN, Department of the Treasury, Financial 
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA13
_______________________________________________________________________

2778. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT TO 
REPORT THE CROSS-BORDER TRANSPORTATION OF CERTAIN NEGOTIABLE INSTRUMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 5312(a)(3) Bank Secrecy Act

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This NPRM proposes to require reporting of cross-border 
transportation of certain negotiable instruments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis, Associate Director, Office of Regulatory 
Policy and Enforcement, FinCEN, Department of the Treasury, Financial 
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA15
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Financial Crimes Enforcement Network (FINCEN)
  
_______________________________________________________________________
  
2779. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--NOTICE OF 
EXEMPTION OF CERTAIN TRANSACTIONS FROM CURRENCY TRANSACTION REPORTING 
REQUIREMENTS

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  31 USC 5313(d) Bank Secrecy Act

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This notice of exemption will exempt depository institutions 
from the currency transaction reporting obligations of 31 USC 5313 with 
respect to transactions with other depository institutions and 
Government entities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis, Associate Director, Office of Regulatory 
Policy and Enforcement, FinCEN, Department of the Treasury, Financial 
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA10
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions
Financial Crimes Enforcement Network (FINCEN)
  
_______________________________________________________________________
  
2780. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DESIGNATION OF 
SINGLE RECIPIENT FOR SUSPICIOUS TRANSACTION REPORTS

Priority:  Other

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  31 CFR 103

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis
Phone: 202 622-0400

RIN: 1506-AA14
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Financial Crimes Enforcement Network (FINCEN)
  
_______________________________________________________________________
  
2781.  AMENDMENT TO BANK SECRECY ACT REGULATIONS RELATING 
TO RECORDKEEPING FOR FUNDS FOR TRANSMITTALS OF FUNDS

Priority:  Other Significant

Legal Authority:  12 USC 18296 Bank Secrecy Act; 12 USC 1951 to 1959; 
31 USC 5311 to 5330

CFR Citation:  31 CFR 103

Legal Deadline:  Final, Statutory, December 31, 1993.
Title XV, PL 102-550

Abstract: This rule issued jointly by the Treasury and the Federal 
Reserve Board requires banks and nonbank financial institutions to 
collect and retain information about wire transmittals of funds in the 
amount of $3,000 or more and to verify the identity of non-account 
holders that are parties to such wire transmittals of funds.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           10/31/89                    54 FR 45769
ANPRM Comment Period End        01/02/90
NPRM                            10/15/90                    55 FR 41696
NPRM Comment Period End         11/29/90
Comment Period Extended to 01/
15/91                           12/05/90                    55 FR 50192
Second NPRM                     08/31/93                    58 FR 46014
Second NRPM Comment Period End  10/04/93                    58 FR 46014
Final Action                    01/03/95                      60 FR 220
Final Action Effective          01/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis, Associate Director, Office of Regulatory 
Policy and Enforcement, Department of the Treasury, Financial Crimes 
Enforcement Network, Treasury Annex, Room 3210, 1500 Pennsylvania 
Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA16
_______________________________________________________________________

2782.  AMENDMENT TO BANK SECRECY ACT REGULATIONS RELATING 
TO ORDERS FOR TRANSMITTALS OF FUNDS BY FINANCIAL INSTITUTIONS

Priority:  Other Significant

Legal Authority:  12 USC 18296 Bank Secrecy Act; 12 USC 1951 to 1959; 
31 USC 5311 to 5330

CFR Citation:  31 CFR 103

Legal Deadline:  Final, Statutory, December 31, 1993.
Title XV, PL 102-550

Abstract: This rule requires the first financial institution in a wire 
transfer chain to pass on certain information about the wire transfer 
and the parties to it, and requires each intermediary financial 
institution to pass on similar information, if received.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           10/31/89                    54 FR 45769
ANPRM Comment Period End        01/02/90
NPRM                            10/15/90                    55 FR 41696
NPRM Comment Period End         11/29/90
NPRM Comment Period Extended    12/05/90                    55 FR 50192
Second NPRM to 01/15/91         08/31/93                    58 FR 46014
Second NPRM Comment Period 
Extended                        10/04/93                    58 FR 46014
Final Action                    01/03/95                      60 FR 220
Final Action Effective          01/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis, Associate Director, Office of Regulatory 
Policy and Enforcement, Department of the Treasury, Financial Crimes 
Enforcement Network, Treasury Annex, Room 3210, 1500 Pennsylvania 
Avenue NW., Washington, DC 20220
Phone: 202 622-0400

RIN: 1506-AA17
BILLING CODE 4820-02-F
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Financial Management Service (FMS)
  
_______________________________________________________________________
  
2783. ACCEPTANCE OF BONDS SECURED BY GOVERNMENT OBLIGATIONS IN LIEU 
OF BONDS WITH SURETIES

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 321; 31 USC 9301; 31 USC 9303; 12 USC 391

CFR Citation:  31 CFR 225

Legal Deadline: None

Abstract: This regulation was last updated in 1978. Since that time, 
several significant changes have taken place in pledging securities. 
The most significant has been the advent of book-entry securities. 
There have been no identified costs to government, business or 
individuals. The benefit of this revision will be the addition of 
flexibility to federal agencies to design operating procedures that 
consider the unique characteristics of their operations, systems, 
policies, legislation, regulations and expectations of their customers 
and programs.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Donald Clark, Financial Program Specialist, Cash 
Management Policy & Planning Division, Department of the Treasury, 
Financial Management Service, Room 420, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-7106

RIN: 1510-AA36
_______________________________________________________________________

2784. TREASURY TAX AND LOAN DEPOSITARIES

Priority:  Economically Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  26 USC 6302(h); 31 USC 321; 31 USC 323; 31 USC 3122; 
31 USC 3301; 31 USC 3302; 31 USC 3720; 12 USC 90; 12 USC 265; 12 USC 
391

CFR Citation:  31 CFR 203

Legal Deadline: None

Abstract: This revision of 31 CFR part 203 will reflect the development 
and implementation of the Electronic Federal Tax Payment System. This 
new system will replace the current Treasury Tax and Loan Depositary 
system. Benefits of the new system will accrue from the conversion of 
the current paper-based collection mechanism to an electronic 
collection mechanism through the phase-out of the Federal Tax Deposit 
coupons.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95
NPRM Comment Period End         01/00/96
Final Action                    02/00/96

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: FMS previously characterized this revision to 
31 CFR part 203 as an ``economically significant'' regulatory action 
and included it in Treasury's Regulatory Plan. As this project 
developed, it became clear that the economic effects of the new payment 
system are not attributable to the rule, but are a direct result of the 
implementation of the requirements of the North American Free Trade 
Agreement Implementation Act (see 26 USC 6302(h)). Accordingly, this 
regulation is no longer considered ``economically significant'' and has 
been deleted from the Regulatory Plan.

Agency Contact: Donald Clark, Financial Program Specialist, Cash 
Management Policy & Planning Division, Department of the Treasury, 
Financial Management Service, Room 420, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-7106

RIN: 1510-AA37
_______________________________________________________________________

2785. RULES AND PROCEDURES FOR FUNDS TRANSFERS

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  5 USC 301; 31 USC 321; 31 USC 3335; 31 USC 6501; 31 
USC 6503

CFR Citation:  31 CFR 205

Legal Deadline: None

Abstract: This regulation governs the transfer of Federal Assistance 
Funds to state governments and implements the Cash Management 
Improvement Act of 1990, as amended. Revisions to the regulation will 
address concerns raised by both states and Federal agencies about 
intergovernmental financing. Rules and procedures for funds transfers 
will be revised to provide more options and greater flexibility.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: State, Federal

Agency Contact: Donald Clark, Financial Program Specialist, Cash 
Management Policy & Planning Division, Department of the Treasury, 
Financial Management Service, Room 420, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-7106

RIN: 1510-AA38
_______________________________________________________________________

2786. DEPOSITARIES AND FINANCIAL AGENTS OF THE GOVERNMENT

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 265; 12 USC 266; 12 USC 1464(k); 12 USC 1789a; 
12 USC 3102; 12 USC 90; 12 USC 1767; 12 USC 1452(d); 12 USC 2013; 12 
USC 2122

CFR Citation:  31 CFR 202

Legal Deadline: None

Abstract: This regulatory action revises regulations governing (1) the 
designation of depositaries and financial agents of the Government and 
their authorization to accept deposits of public money and perform 
other specific services; and (2) the securing of public moneys in those 
depositaries. The revision removes references to financial institution 
insurance provided by the Federal Savings and Loan Insurance 
Corporation, which no longer exists, clarifies existing language 
regarding the valuation of collateral securities, and updates 
authorities for the regulation.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Donald Clark, Financial Program Specialist, Cash 
Management Planning & Policy Division, Department of the Treasury, 
Financial Management Service, 401 14th Street SW., Room 420, 
Washington, DC 20227
Phone: 202 874-7106

RIN: 1510-AA42
_______________________________________________________________________

2787. INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE UNITED STATES 
TREASURY

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  5 USC 301; 12 USC 391; 31 USC 321; 31 USC 3328; 31 
USC 3331; 31 USC 3343; 31 USC 3711; 31 USC 3716; 31 USC 3717; 31 USC 
3334; 31 USC 3712; 31 USC 3328 note; 31 USC 3702 note; 318 US 363 
(1943)

CFR Citation:  31 CFR 240

Legal Deadline: None

Abstract: This rule amends existing regulations governing the 
indorsement and payment of checks drawn on the United States Treasury. 
The changes are intended both to fix the time by which the Department 
of the Treasury can decline payment on Treasury checks and to provide 
financial institutions with a date certain for final payments. The 
revisions will also provide greater clarity by defining previously 
undefined terms and by ensuring symmetry with current Treasury 
regulations governing Federal payments utilizing the Automated Clearing 
House method. The revisions provide that the Department of the Treasury 
may instruct Federal Reserve Banks to intercept benefit payment checks 
to deceased payees and to return, unpaid, those checks.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95
NPRM Comment Period End         11/00/95
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Ronald Brooks, Senior Program Analyst, Financial 
Information, Department of the Treasury, Financial Management Service, 
Room 725-D, 3700 East-West Highway, Hyattsville, MD 20782
Phone: 202 874-8480

RIN: 1510-AA45
_______________________________________________________________________

2788. MANAGEMENT OF FEDERAL AGENCY RECEIPTS, DISBURSEMENTS, AND 
OPERATION OF THE CASH MANAGEMENT IMPROVEMENTS FUND

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  5 USC 301; 31 USC 321; 31 USC 3301; 31 USC 3302; 31 
USC 3321; 31 USC 3327; 31 USC 3328; 31 USC 3332; 31 USC 3335; 31 USC 
3335 note; 31 USC 3720; 31 USC 6501; 31 USC 6503 note

CFR Citation:  31 CFR 206

Legal Deadline: None

Abstract: This revision to 31 CFR Part 206 implements section 402 of 
the Government Management Reform Act of 1994, PL 103-356, which 
requires that all Federal wage, salary and retirement payments be 
disbursed by electronic funds transfer (EFT), unless another 
disbursement method is determined to be appropriate under the waiver 
standards promulgated by the Department of the Treasury. This mandatory 
EFT provision only applies to recipients of Federal wage, salary and 
retirement payments who begin to receive such payments on or after 
January 1, 1995. The revision to 31 CFR Part 206 will establish 
appropriate group waiver standards and provide for the efficient, 
effective and orderly implementation of the Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95
NPRM Comment Period End         12/00/95
Final Action                    02/00/96

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Aurora Kassalow, Financial Program Specialist, Cash 
Management Policy Planning Division, Department of the Treasury, 
Financial Management Service, 401 14th St SW., Room 420, Washington, DC 
20227
Phone: 202 874-5742

RIN: 1510-AA47
_______________________________________________________________________

2789.  FOREIGN EXCHANGE OPERATIONS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  31 USC 3513; 31 USC 321; 31 USC 3301; 31 USC 3302; 31 
USC 3303; EO 10488; EO 10900; 22 USC 2363

CFR Citation:  31 CFR 281

Legal Deadline: None

Abstract: This regulation governs the administration of the purchase, 
custody, deposit, transfer, sale and reporting of foreign exchange 
(including credits and currencies) by executive departments and 
agencies. Currently, this regulation allows the purchase of foreign 
currency to the maximum of the estimated requirements for a thirty day 
period. This revision will restrict departments and agencies to a 5 to 
7 day supply of funds in the operating account unless they have 
obtained a specific waiver of this requirement from the Department of 
the Treasury.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95
NPRM Comment Period End         11/00/95
Final Action                    02/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bruce Riedl, Senior Advisor, Department of the 
Treasury, Financial Management Service, Room 5A19, PGCII, 3700 East 
West Highway, Hyattsville, MD 20782
Phone: 202 874-8918

RIN: 1510-AA48
_______________________________________________________________________

2790.  FEDERAL PROCESS AGENTS OF SURETY COMPANIES

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  31 USC 9301 to 9309

CFR Citation:  31 CFR 224

Legal Deadline: None

Abstract: This amendment is intended to update the regulation. The 
regulation currently requires surety companies to report their Federal 
process agent appointments to the Department of the Treasury. In 
practice, the Department of the Treasury no longer monitors Federal 
process agent appointments. Therefore, the revision eliminates this 
requirement.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95
Final Action                    01/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dorothy Martin, Manager, Surety Branch, Department of 
the Treasury, Financial Management Service, 3700 East West Highway, 
Room 6F04, Hyattsville, MD 20782
Phone: 202 874-6850

RIN: 1510-AA49
_______________________________________________________________________

2791.  ISSUANCE OF SETTLEMENT CHECKS FOR FORGED CHECKS 
DRAWN ON DESIGNATED DEPOSITARIES

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  31 USC 3343

CFR Citation:  31 CFR 235

Legal Deadline: None

Abstract: This revision proposes to amend 31 CFR part 235, which 
governs the issuance of settlement checks for checks drawn on 
designated depositaries of the United States by accountable officers of 
the United States that have been negotiated and paid on a forged or 
unauthorized indorsement. These amendments are intended to clarify the 
type of claim for which settlement checks will be issued under this 
section. The change will differentiate between a forgery claim and a 
nonreceipt inquiry. The revisions accommodate the concerns of 
disbursing agents regarding the necessary steps involved in the 
settlement check process. A better understanding of the process should 
result in settlement checks being issued in a more timely manner.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95
NPRM Comment Period End         11/00/95
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephanie Murray, Customer Liaison Specialist, 
Department of the Treasury, Financial Management Service, 3700 East 
West Highway, Room 800-D, Hyattsville, MD 20782
Phone: 202 874-8445

RIN: 1510-AA50
_______________________________________________________________________

2792.  CLAIMS ON ACCOUNT OF TREASURY CHECKS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  31 USC 321; 31 USC 3328; 31 USC 3331; 31 USC 3702; 31 
USC 3702 note; 31 USC 3328 note

CFR Citation:  31 CFR 245

Legal Deadline: None

Abstract: 31 CFR part 245 governs the issuance of replacement checks 
for checks drawn on the United States when (1) the original check has 
been lost, stolen, destroyed or mutilated or defaced to such an extent 
that it is rendered non-negotiable; (2) the original check has been 
negotiated and paid on a forged or unauthorized indorsement; and (3) 
the original check has been cancelled pursuant to 31 CFR part 240. The 
regulation is being revised to update the regulation definitions to 
make them consistent with the language of the proposed revisions to the 
definitions in 31 CFR part 240. Making the definitions of 31 CFR part 
245 consistent with the definitions found in 31 CFR part 240 will 
provide for a better understanding of the claims process for Federal 
agencies, financial institutions and any persons or entities to which a 
check may be issued.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95
NPRM Comment Period End         11/00/95
Final Action                    01/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephanie Murray, Customer Liaison Specialist, 
Department of the Treasury, Financial Management Service, 3700 East 
West Highway, Room 800-D, Hyattsville, MD 20782
Phone: 202 874-8445

RIN: 1510-AA51
_______________________________________________________________________

2793.  PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  28 USC 2414; 31 USC 1304

CFR Citation:  31 CFR 256

Legal Deadline: None

Abstract: This regulation governs the procedure for securing payment 
for money judgments against the United States. The proposed revision 
will update the procedure for making claims. This will benefit 
claimants and others in understanding the claims process. This 
regulation currently sets a threshold for judgment claims greater than 
$100,000, and judgment claims equal to or less than $100,000. The 
change would eliminate the $100,000 threshold distinction for 
processing a claim. This change in the regulation would make it 
consistent with current practices for claimants securing money 
judgments against the United States.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95
Final Action                    01/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bernice Mays, Chief, Program Accounting Section, Credit 
Accounting Branch, Department of the Treasury, Financial Management 
Service, 3700 East West Highway, Room 6D32, Hyattsville, MD 20782
Phone: 202 874-8740

RIN: 1510-AA52
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Financial Management Service (FMS)
  
_______________________________________________________________________
  
2794. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING 
HOUSE

Priority:  Other Significant

Legal Authority:  31 USC 3720; 31 USC 3335; 31 USC 321; 5 USC 5525; 31 
USC 3322; 31 USC 3332; 31 USC 3321; 31 USC 3301; 31 USC 3302; 12 USC 
391

CFR Citation:  31 CFR 210

Legal Deadline: None

Abstract: This revision of 31 CFR part 210 will attempt reconciliation 
of Government Automated Clearing House (ACH) regulations and private 
industry rules as set forth by the National Automated Clearing House 
Association. The revision will broaden the use of the ACH method 
through establishing the Government as an ACH receiver. Also, the 
provision will pursue a totally electronic environment by establishing 
a regulatory framework for automation of all related parts of the ACH 
process.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/30/94                    59 FR 50112
Extension of Comment Period     11/25/94                    59 FR 60576
NPRM Comment Period End         11/29/94
Comment Period End              01/03/95                    59 FR 60576
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Berenice Reed, Financial Program Specialist, Cash 
Management Policy & Planning Division, Department of the Treasury, 
Financial Management Service, Room 408D, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6799

RIN: 1510-AA17
_______________________________________________________________________

2795. PAYMENT TO FINANCIAL INSTITUTIONS FOR CREDIT TO ACCOUNTS OF 
EMPLOYEES AND BENEFICIARIES

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 321; 31 USC 3322; 31 USC 3332

CFR Citation:  31 CFR 209

Legal Deadline: None

Abstract: This proposed revision is a separate action from the revision 
to 31 CFR part 209 published December 12, 1992, in a notice of proposed 
rulemaking. This revision proposes to remove part 209 in its entirety. 
This part governs the regular remittance to financial institutions of 
Treasury checks which are for credit to the accounts of employees and 
beneficiaries. Regulations at 31 CFR part 210, implemented July 1, 
1994, require that financial institutions receive Government Automated 
Clearing House transactions through electronic means. This regulatory 
change made a separate part 209 regarding checks unnecessary. In 
addition, proposed revisions to 31 CFR part 210, Federal Government 
Participation in the Automated Clearing House, make substantive changes 
that supersede the savings allotment provisions of part 209, because 
savings allotment and recurring benefit payments formerly made under 
the terms of part 209 are made by the Automated Clearing House method 
under the terms of part 210.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/04/92                    57 FR 57400
NPRM Comment Period End         01/04/93                    57 FR 57400
NPRM                            08/04/93                    58 FR 41449
Comment Period End              09/03/93                    58 FR 41449
NPRM                            01/04/95                      60 FR 416
Comment Period End              02/03/95                      60 FR 416
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Berenice Reed, Financial Program Specialist, Cash 
Management Policy & Planning Division, Department of the Treasury, 
Financial Management Service, Room 408D, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6799

RIN: 1510-AA30
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Financial Management Service (FMS)
  
_______________________________________________________________________
  
2796. REGULATIONS GOVERNING FEDSELECT CHECKS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  31 CFR 247

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    05/16/95                    60 FR 25990
Final Action Effective          06/15/95

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Gary Garner
Phone: 202 874-6751

RIN: 1510-AA44
_______________________________________________________________________

2797. TREASURY TAX AND LOAN DEPOSITARIES

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 203

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Withdrawn                       06/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donald Clark
Phone: 202 874-7106

RIN: 1510-AA46
BILLING CODE 4810-35-F
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
  
_______________________________________________________________________
  

    
    ALCOHOL

_________________________________________________________________________
2798. STANDARDS OF IDENTITY FOR MALT BEVERAGES

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205(e)

CFR Citation:  27 CFR 7

Legal Deadline: None

Abstract: A coalition of consumer organizations has petitioned ATF to 
establish a standard of identity for the labeling of malt liquor. 
Currently there are no standards of identity for any malt beverages. 
ATF is considering regulatory action relating to a standard of identity 
or the use of the term Malt Liquor for designating a Malt Beverage. ATF 
is also considering the recognition of other terms for designating malt 
beverages.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           04/19/93                    58 FR 21126
ANPRM Comment Period End        07/19/93
ANPRM Comment Period Extended   07/19/93                    58 FR 38542
ANPRM Comment Period Extended 
End                             09/17/93
NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles Bacon, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AA95
_______________________________________________________________________

2799. EXPORTATION OF LIQUORS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 252

Legal Deadline: None

Abstract: ATF is proposing recodification of 27 CFR part 252 to 
eliminate obsolete or unnecessary rules and forms and streamline export 
processing, while providing adequate protection for the revenue.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           09/08/92                    57 FR 40887
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   10/15/92                    57 FR 47320
ANPRM Comment Period Extended 
End                             12/07/92
NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marjorie Ruhf, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AA98
_______________________________________________________________________

2800. ALCOHOLIC CONTENT LABELING FOR MALT BEVERAGES

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205(e)

CFR Citation:  27 CFR 7

Legal Deadline: None

Abstract: A 10/28/92 Decision in the U.S. District Court for the 
District of Colorado held that the Federal Alcohol Administration Act 
prohibition against the statement of Alcoholic content on malt beverage 
labels is unconstitutional under the first amendment. ATF issued an 
interim rule on 4/19/93 which permits the optional labeling of malt 
beverages with their alcoholic content. The Supreme Court heard oral 
arguments in the appeal of this court decision on 11/30/94. The Supreme 
Court decided this case on April 19, 1995, in favor of Coors, and 
unanimously found the FAA Act prohibition against labeling malt 
beverages with their alcohol content unconstitutional. ATF will issue 
an NPRM on the subject of malt beverage labeling to request information 
on tolerances, type size, placement, and whether such an alcoholic 
content labeling requirement should be mandatory.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/19/93                    58 FR 21233
Interim Final Rule              04/19/93                    58 FR 21228
NPRM Comment Period End         07/19/93
NPRM Comment Period Extended    07/19/93                    58 FR 38543
NPRM Comment Period Extended End09/17/93
NPRM                            03/00/96
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles Bacon, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB17
_______________________________________________________________________

2801. USE OF TERM ``RESERVE'' ON WINE LABELS

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205

CFR Citation:  27 CFR 4

Legal Deadline: None

Abstract: ATF is considering amending the regulations to include a 
definition for the term ``reserve'' when used on wine labels.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           03/17/94                    59 FR 12566
ANPRM Comment Period Extended   06/14/94                    59 FR 30560
ANPRM Comment Period End        06/15/94
ANPRM Comment Period Extended 
End                             07/15/94
NPRM                            12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: James Ficaretta, Coordinator, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB25
_______________________________________________________________________

2802. MULTISTATE APPELLATIONS OF ORIGIN FOR CONTIGUOUS STATES

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205

CFR Citation:  27 CFR 4.25a(d) to 4.25a(e)

Legal Deadline: None

Abstract: ATF is issuing temporary regulations to liberalize the 
requirements for using a multistate appellation of origin on a wine 
label. At the same time, ATF is issuing an NPRM requesting comments on 
the temporary rule and addressing additional issues in response to 
comments received on the previous notice.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/14/93                    58 FR 65295
NPRM Comment Period End         01/13/94
NPRM Comment Period Extended    01/18/94                     59 FR 2548
NPRM Comment Period Extended End03/21/94
NPRM                            11/00/95

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: David Brokaw, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB28
_______________________________________________________________________

2803. PROCEDURES FOR REVOKING PREVIOUSLY APPROVED CERTIFICATES OF 
LABEL APPROVAL, EXEMPTIONS FROM LABEL APPROVAL, OR DISTINCTIVE LIQUOR 
BOTTLE APPROVALS

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205; 26 USC 5301; 26 USC 7805

CFR Citation:  27 CFR 4.40; 27 CFR 4.50; 27 CFR 5.56; 27 CFR 5.51; 27 
CFR 5.55; 27 CFR 7.31; 27 CFR 7.41; 27 CFR 13 (New); 27 CFR 19.633; 27 
CFR 19.641

Legal Deadline: None

Abstract: This notice of proposed rulemaking proposes to establish 
regulatory procedures to revoke previously approved certificates of 
label approval, exemptions from label approval, or distinctive liquor 
bottle approvals. These revocation procedures are necessary where label 
approvals, etc., have been approved in error. Adoption of these 
procedures will allow ATF to revoke, in an orderly and efficient 
manner, label approvals, exemptions from label approval, or distinctive 
liquor bottle approvals which have been approved in error and will 
provide for appeals by industry members.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/13/95                    60 FR 47506
NPRM Comment Period End         12/12/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert White, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB34
_______________________________________________________________________

2804.  REVISION OF BREWERY REGULATIONS AND ISSUANCE OF 
REGULATIONS FOR TAVERNS ON BREWERY PREMISES (BREWPUBS)

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  27 USC 5401 to 5417

CFR Citation:  27 CFR 25

Legal Deadline: None

Abstract: ATF intends to streamline regulations applying to breweries. 
ATF will eliminate obsolete regulatory provisions. A formula system for 
manufactured beer products will replace statements of process attached 
to the brewers notice. The annual notice for small brewers to pay 
reduced rate of tax will be eliminated. Separate regulations for 
brewpubs will be added to Part 25.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96
Final Action                    09/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles N. Bacon, Coordinator, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB37
_______________________________________________________________________

2805.  REGISTRATION OF FORMULAS AND STATEMENTS OF PROCESS 
FOR DOMESTICALLY PRODUCED ALCOHOLIC BEVERAGES

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  19 USC 81c; 19 USC 1311; 26 USC 5001; 26 USC 5002; 26 
USC 5004 to 5006; 26 USC 5008; 26 USC 5010; 26 USC 5041; 26 USC 5061; 
26 USC 5062; 26 USC 5066; 26 USC 5081; 26 USC 5101; 26 USC 5111 to 
5113; 27 USC 205; ...

CFR Citation:  27 CFR 5.26; 27 CFR 5.28; 27 CFR 19.187; 27 CFR 19.324; 
27 CFR 19.331; 27 CFR 19.378; 27 CFR 24.80 to 24.83; 27 CFR 24.127; 27 
CFR 24.201; 27 CFR 24.211; 27 CFR 25.67; 27 CFR 25.71(b)(2); 27 CFR 
70.421; 27 CFR 70.423 to 428; 27 CFR 250.56

Legal Deadline: None

Abstract: ATF is proposing to amend the regulations to require the 
registration, rather than approval, of formulas and statements of 
process for certain domestically produced wines, distilled spirits, and 
malt beverages. ATF believes that the proposed regulations will provide 
greater flexibility to the industry by enabling proprietors to commence 
production operations in a more expeditious manner.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James Ficaretta, Coordinator, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB40
_______________________________________________________________________

    
    TOBACCO PRODUCTS

_________________________________________________________________________
2806. EXPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND 
TUBES, WITHOUT PAYMENT OF TAX, OR WITH DRAWBACK OF TAX

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 290

Legal Deadline: None

Abstract: ATF is proposing the recodification of 27 CFR part 290 to 
eliminate obsolete or unnecessary rules and forms and streamline export 
processing, while providing adequate protection for the revenue.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           09/08/92                    57 FR 40889
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   01/08/93                     58 FR 3247
ANPRM Comment Period Extended 
End                             03/09/93
NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marjorie Ruhf, Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB03
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
  
_______________________________________________________________________
  

    
    ALCOHOL

_________________________________________________________________________
2807. AMERICAN VITICULTURAL AREAS

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205

CFR Citation:  27 CFR 9

Legal Deadline: None

Abstract: Establishes grape-growing regions as American viticultural 
areas for purposes of labeling and advertising of wine.

Timetable:

Cucamonga Valley, CA (contact Marj Ruhf)  NPRM 12/02/94 (59 FR 
61853)  NPRM Comment Period End 01/31/95  Final Rule 03/31/95 (60 FR 
16576)  Final Rule Effective 05/01/95

Mendocino Ridge, CA (contact David Brokaw)  NPRM 11/00/95

Puget Sound, WA (contact David Brokaw)  NPRM 05/22/95 (60 FR 
27060)  Comment Period End 07/06/95  Final Rule 10/04/95 (60 FR 51896)

Puget Sound, WA(contact David Brokaw)  Final Rule Effective 10/04/95

San Francisco Bay, CA (contact David Brokaw)  NPRM 12/00/95

St. Helena, CA (contact Robert White)  NPRM 11/04/94 (59 FR 
55226)  NPRM Comment Period End 02/02/95  Final Rule 09/11/95 (60 FR 
47053)  Final Rule Effective 10/11/95

Yorkville Highlands, CA (contact Marj Ruhf)  NPRM 12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: See Timetable, American Viticultural Areas, Department 
of the Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 
Massachusetts Avenue NW., Washington DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AA07
_______________________________________________________________________

2808. NONBEVERAGE DRAWBACK

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  26 USC 5131

CFR Citation:  27 CFR 197

Legal Deadline: None

Abstract: To update, clarify, simplify, and recodify the regulations 
relating to drawback of tax on distilled spirits used in the 
manufacture of non-beverage products.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/29/87                    52 FR 28286
NPRM Comment Period End         10/29/87
NPRM                            08/31/92                    57 FR 39536
NPRM Comment Period End         09/30/92
NPRM Comment Period Extended    10/01/92                    57 FR 45357
NPRM Comment Period Extended End10/30/92
Final Action                    12/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: SMALL ENTITIES CONT: This regulation affects 
approximately 500 small entities.

Agency Contact: Steve Simon, Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AA20
_______________________________________________________________________

2809. WINEGRAPE VARIETAL DESIGNATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205(e)

CFR Citation:  27 CFR 4

Legal Deadline: None

Abstract: This proposal would establish a list of winegrape varietal 
names which may be used as the type designation on American wine 
labels. Establishment of this list will standardize labeling 
terminology and make labels less confusing for consumers to read. They 
will also assist in more accurate identification of wines labeled with 
the grape variety used.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/04/86                     51 FR 4392
NPRM Comment Period End         04/07/86
NPRM Comment Period Extended    04/08/86                    51 FR 11944
NPRM Comment Period Extended End07/07/86
NPRM                            09/03/92                    57 FR 40380
NPRM Comment Period End         10/05/92
NPRM Comment Period Extended    10/26/92                    57 FR 48487
NPRM Comment Period Extended End12/28/92
Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles Bacon, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AA67
_______________________________________________________________________

2810. GRAPE WINE DESIGNATION--GAMAY BEAUJOLAIS

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205(e)

CFR Citation:  27 CFR 4

Legal Deadline: None

Abstract: Gamay Beaujolais has been used as a term to identify certain 
wines made from Pinot noir or Napa Gamay grapes. Since Gamay Beaujolais 
is not the name of a grape variety, its usage on wine labels has been 
questioned. A notice of proposed rulemaking was published in the 
Federal Register on 4/5/94. Comment period was closed on 7/5/94. This 
rulemaking project was formerly included in rulemaking for winegrape 
varietal designation, RIN 1512-AA67.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/05/94                    59 FR 15878
NPRM Comment Period End         07/05/94
Final Action                    12/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: James Hunt, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB08
_______________________________________________________________________

2811. NEW WINE TREATING MATERIALS AND PROCESSES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 5382; 26 USC 5368; 26 USC 5388

CFR Citation:  27 CFR 24.246; 27 CFR 24.248

Legal Deadline: None

Abstract: This regulation will allow winemakers to use new wine 
treating materials and processes in the production, cellar treatment, 
and finishing off wine, if such materials and processes are found by 
the wine industry to be in accordance with ``good commercial 
practice.'' No alternatives are being considered. No cost is associated 
with this action. This action will benefit winemakers by giving them 
more tools to produce quality wine and will benefit consumers by 
ensuring that more quality wine is available for purchase.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/30/94                    59 FR 49870
NPRM Comment Period End         11/29/94
Reopening of Comment Period     01/18/95                     60 FR 3598
Reopening of Comment Period End 03/20/95
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert White, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB26
_______________________________________________________________________

2812. ALTERATION OF LABELS ON CONTAINERS OF DISTILLED SPIRITS, 
WINE, BEER

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205(e); 26 USC 5301; 26 USC 7805

CFR Citation:  27 CFR 4; 27 CFR 5; 27 CFR 7

Legal Deadline: None

Abstract: Proposed regulations will make it unlawful to relabel a 
distilled spirits, wine, or malt beverage container if the effect of 
such action is to remove from the container or label any information 
code placed on the product by the producer for tracing purposes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/13/95                     60 FR 3171
NPRM Comment Period End         03/14/95
Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Daniel J. Hiland, Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington DC 20226
Phone: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB32
_______________________________________________________________________

    
    FIREARMS

_________________________________________________________________________
2813. FIREARMS AND AMMUNITION EXCISE TAXES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 4181

CFR Citation:  27 CFR 53

Legal Deadline: None

Abstract: Regulations will simplify the deposit rules for firearms and 
ammunition manufacturers excise taxes by revising the method for making 
deposits of these taxes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/28/95                    60 FR 33664
Interim Final Rule              06/28/95                    60 FR 33665
NPRM Comment Period End         09/26/95
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Tami Light, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB33
_______________________________________________________________________

2814. IMPLEMENTATION OF PUBLIC LAW 103-322, THE VIOLENT CRIME 
CONTROL AND LAW ENFORCEMENT ACT OF 1994

Regulatory Plan:  This entry is Seq. No. 97 in Part II of this issue of 
the Federal Register.

RIN: 1512-AB35
_______________________________________________________________________

    
    PROCEDURAL

_________________________________________________________________________
2815. 27 CFR PART 70--CONFERENCE AND PRACTICE REQUIREMENTS FOR THE 
BUREAU OF ALCOHOL, TOBACCO, AND FIREARMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 70.511 to 70.526

Legal Deadline: None

Abstract: To document the adoption of certain conference and practice 
rules from IRS regulations in 26 CFR part 600 to ATF regulations in 27 
CFR part 70. Currently the conference and practice regulations for ATF 
are still found in 26 CFR part 600 which is administered by IRS. By 
this final rule Sections 601.521 through 601.525 are adopted in whole 
and applicable sections of 601.501 through 601.509 are adopted in part 
and placed in 27 CFR part 70 which is administered by ATF.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Nancy Bryce, Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8220
Fax: 202 927-8602

RIN: 1512-AB11
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions
Bureau of Alcohol, Tobacco and Firearms (BATF)
  
_______________________________________________________________________
  
2816. PRODUCTION OF BEER FOR PERSONAL OR FAMILY USE AT BREW-ON-
PREMISES FACILITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 25.205; 27 CFR 25.206

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles Bacon
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB18
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Bureau of Alcohol, Tobacco and Firearms (BATF)
  
_______________________________________________________________________
  
2817. REVISION OF THE TRADE PRACTICE REGULATIONS

Priority:  Other Significant

CFR Citation:  27 CFR 6; 27 CFR 8; 27 CFR 10; 27 CFR 11

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    04/26/95                    60 FR 20402
Final Action Effective          05/26/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marjorie Ruhf
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB10
_______________________________________________________________________

2818. BRADY BILL REGULATIONS

Priority:  Other Significant

CFR Citation:  27 CFR 178

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    02/27/95                    60 FR 10782

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James Ficaretta
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB23
_______________________________________________________________________

2819. IMPORTATION OF ARMS AND AMMUNITION AND IMPLEMENTS OF WAR

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 47.52

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    09/15/95                    60 FR 47866
Final Action Effective          09/15/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Pearl Baylor
Phone: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB36
BILLING CODE 4810-31-F
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Comptroller of the Currency (OCC)
  
_______________________________________________________________________
  
2820. FIDUCIARY POWERS OF NATIONAL BANKS AND COLLECTIVE INVESTMENT 
FUNDS; REGULATION REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 24(Seventh); 12 USC 92a; 12 USC 93a; 12 USC 
481; 15 USC 78c(a)(34)(B); 15 USC 78q; 15 USC 78q-1; 15 USC 78w

CFR Citation:  12 CFR 9

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating or modifying regulations that 
impose unnecessary burdens relative to maintaining safety and soundness 
and accomplishing other statutory responsibilities of the OCC. As part 
of that Program, the OCC is conducting an overall review of its rules 
regarding fiduciary powers of national banks and collective investment 
funds. The OCC would update and clarify its rules, codify recent court 
decisions, codify administrative decisions, streamline processes, and 
eliminate any unnecessary regulatory burden.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Dean E. Miller, 
Senior Advisor for Fiduciary Responsibilities, (202) 874-4447, 250 E 
Street SW., Washington, DC 20219. The former regulatory projects 
concerning ratable distributions and collateralization of trust funds 
awaiting investment or distribution will be addressed in the Part 9 
Regulation Review Project. The OCC expects the Part 9 Regulation Review 
Project to continue as the sole project under RIN 1557-AB12.

Agency Contact: Andrew Gutierrez, Attorney, Department of the Treasury, 
Comptroller of the Currency, Legislative & Regulatory Activities, 
Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090

RIN: 1557-AB12
_______________________________________________________________________

2821. INVESTMENT SECURITIES; REGULATION REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 1 et seq; 12 USC 24(Seventh); 12 USC 93a

CFR Citation:  12 CFR 1; 12 CFR 7

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. As part of 
that Program, the OCC is conducting an overall review of its rules 
regarding investment securities. The OCC would update and clarify its 
rules, codify recent court decisions and administrative decisions, 
incorporate statutory changes, streamline processes, and eliminate any 
unnecessary regulatory burden. The OCC will work to insure that its 
changes do not erode public protection or bank safety and soundness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kay Bondehagen, Assistant Deputy Chief Counsel, 
Department of the Treasury, Comptroller of the Currency, Office of the 
Chief Counsel, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5200

RIN: 1557-AB37
_______________________________________________________________________

2822. MANAGEMENT OFFICIAL INTERLOCKS; REGULATION REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 3207; 12 USC 93a

CFR Citation:  12 CFR 26

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. As part of 
that Program, the OCC is conducting a comprehensive review of the 
Management Interlocks regulations. The OCC would update and clarify its 
regulation in order to eliminate any provisions that impose unnecessary 
regulatory burdens relative to the anticompetitive concerns that 
underlie the regulation. The OCC also intends to amend its regulation 
to conform to the changes brought about by the Riegle Community 
Development and Regulation Improvement Act of 1994 (CDRI).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95
Management Interlocks Small Market Share Exemption  NPRM 06/09/94 (59 
FR 29740)

Management Interlocks; Regulation Review  NPRM 12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: The Small Market Share Exemption proposal is 
affected directly by CDRI Section 338. Need for further action will be 
considered as an element of the Part 26 Regulation Review.

Agency Contact: Mark Tenhundfeld, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative & Regulatory 
Activities, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090

RIN: 1557-AB39
_______________________________________________________________________

2823. EXTENSIONS OF CREDIT TO NATIONAL BANK INSIDERS; REGULATION 
REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 375a(4); 12 USC 375b(3); 12 USC 1817(k); 12 
USC 1972(2)(G)(ii)

CFR Citation:  12 CFR 31

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating or modifying regulations that 
impose unnecessary burdens relative to maintaining safety and soundness 
and accomplishing other statutory responsibilities of the OCC. As part 
of that Program, the OCC is conducting an overall review of its rules 
regarding loans to insiders. The OCC would also update these rules as 
needed.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Tenhundfeld, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative & Regulatory 
Activities, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090

RIN: 1557-AB40
_______________________________________________________________________

2824. LEASING; REGULATION REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 1; 12 USC 24(Seventh and Tenth); 12 USC 93a

CFR Citation:  12 CFR 23

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating or modifying regulations that 
impose unnecessary burdens relative to maintaining safety and soundness 
and accomplishing other statutory responsibilities of the OCC. As part 
of that Program, the OCC is conducting an overall review of its rules 
regarding lease financing transactions. The OCC would update and 
clarify its regulation in order to eliminate any provisions that impose 
unnecessary regulatory burdens. The OCC will work to ensure that its 
revisions to this part do not adversely affect a bank's ability to 
compete in the financial services market or erode bank safety and 
soundness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACTS: Morris Morgan, 
Credit and Management Policy, Chief National Bank Examiner's Office, 
(202) 874-5170, 250 E Street, SW, Washington, DC 20219.

Agency Contact: Jacqueline Lussier, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative & Regulatory 
Activities, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090

RIN: 1557-AB45
_______________________________________________________________________

2825. COMMUNITY DEVELOPMENT CORPORATION AND PROJECT INVESTMENTS; 
REGULATION REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 24(Eleventh); 12 USC 93a; 12 USC 161; 12 USC 
481; 12 USC 1818

CFR Citation:  12 CFR 24

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. As part of 
that Program, the OCC is conducting a comprehensive review of Part 24 
to eliminate unnecessary regulatory burdens while maintaining safety 
and soundness, and to define more adequately activities permissible for 
national banks under 12 USC 24 (Eleventh).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kay Bondehagen, Assistant Deputy Chief Counsel, 
Department of the Treasury, Comptroller of the Currency, Office of the 
Chief Counsel, 250 E Street SW., Washington, DC 20291
Phone: 202 874-5200

RIN: 1557-AB46
_______________________________________________________________________

2826. LOANS IN AREAS HAVING SPECIAL FLOOD HAZARDS; REGULATION 
REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 93a; 42 USC 4012a; 42 USC 4014a; 42 USC 4104b; 
42 USC 4106; 42 USC 4128

CFR Citation:  12 CFR 22

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. As part of 
that Program, the OCC is reviewing its rules, policies, and procedures 
governing loans in areas having special flood hazards. The OCC would 
update and clarify its regulation in order to eliminate any provisions 
that impose unnecessary regulatory burdens. In addition, this 
rulemaking would implement the National Flood Insurance Reform Act of 
1994 (as contained in Title V of the Riegle Community Development and 
Regulatory Improvement Act of 1994, Public Law No. 103-324, September 
23, 1994).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95
Flood Insurance Reform Act Changes  NPRM 00/00/00

Regulation Review  NPRM 00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Jacqueline Lussier, 
Senior Attorney, Legislative & Regulatory Activities Division, (202) 
874-5090, 250 E Street, SW., Washington, DC 20219.

Agency Contact: Carol V. Workman, Compliance Specialist, Department of 
the Treasury, Comptroller of the Currency, Compliance -- Consumer 
Protection, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-4428

RIN: 1557-AB47
_______________________________________________________________________

2827.  INTERSTATE DEPOSIT PRODUCTION OFFICES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1835a

CFR Citation:  12 CFR Not yet determined

Legal Deadline:  Other, Statutory, June 1, 1997.
Regulation must be effective.

Abstract: The OCC, as part of a joint agency rulemaking effort with the 
Board of Governors of the Federal Reserve System, the Federal Deposit 
Insurance Corporation, and the Office of Thrift Supervision, is 
promulgating a new regulation required by section 109 of the Reigle-
Neal Interstate Banking and Branching Efficiency Act of 1994, Pub. L. 
103-328, 108 Stat. 2338 (12 USC 1835a). The statute is intended to 
insure that out-of-State banks do not use their new interstate 
branching authority primarily for the purpose of deposit production.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kevin Lee, Senior Attorney, Department of the Treasury, 
Comptroller of the Currency, Community and Consumer Law Division, 250 E 
Street, SW., Washington, DC 20219
Phone: 202 874-5750

RIN: 1557-AB50
_______________________________________________________________________

2828.  COMMUNITY REINVESTMENT ACT REGULATION

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 21; 12 USC 22; 12 USC 26; 12 USC 27; 12 USC 
30; 12 USC 36; 12 USC 93a; 12 USC 161; 12 USC 215; 12 USC 481; 12 USC 
1814; 12 USC 1816; 12 USC 1828(c); 12 USC 2901 to 2907

CFR Citation:  12 CFR 25

Legal Deadline: None

Abstract: The OCC, with the other Federal financial regulators, has 
revised the Community Reinvestment Act Regulations to provide clearer 
guidance to financial institutions on how their CRA performance will be 
assessed. Additionally, the agencies are considering making a technical 
correction and minor technical changes to clarify the transition rules.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96
Technical Changes / Corrections 03/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Matthew Roberts, Director, Department of the Treasury, 
Comptroller of the Currency, Community and Consumer Law Division, 250 E 
Street SW., Washington, DC 20219
Phone: 202 874-5750
Fax: 202 874-5322

RIN: 1557-AB51
_______________________________________________________________________

2829.  GOVERNMENT SECURITIES SALES PRACTICES

Priority:  Other Significant

Legal Authority:  15 USC 780-3; 15 USC 780-5

CFR Citation:  12 CFR 12

Legal Deadline: None

Abstract: The OCC, in conjunction with the FRB and FDIC, is considering 
issuing rules regarding the responsibilities of banks that are 
Government securities brokers or dealers when making recommendations to 
their customers concerning Government securities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Maryann Nash, Senior Attorney, Securities and Corporate 
Practices, Department of the Treasury, Comptroller of the Currency, 250 
E Street SW., Washington, DC 20219
Phone: 202 874-4505

RIN: 1557-AB52
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Comptroller of the Currency (OCC)
  
_______________________________________________________________________
  
2830. DESCRIPTION OF OFFICE, PROCEDURES, PUBLIC INFORMATION; 
REGULATION REVIEW

Priority:  Other

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  5 USC 301; 5 USC 552; 12 USC 93a; 12 USC 161; 12 USC 
481; 12 USC 482; 12 USC 1818; 12 USC 1821(o); 12 USC 1821(t); 12 USC 
1833e; 15 USC 78l to 78w; 18 USC 641; 18 USC 1905; 18 USC 1906; 31 USC 
9701

CFR Citation:  12 CFR 4; 12 CFR 10; 12 CFR 11; 12 CFR 18; 31 CFR 1

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all of its rules regarding description of office and 
availability of information. The OCC will update its description of 
office, and will clarify its rules on public access to information. The 
OCC will also propose new rules regarding the release of non-public 
documents and testimony in certain legal proceedings, as well as review 
other listed regulations for needed administrative and technical 
changes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/27/95                    60 FR 15705
NPRM Comment Period End         05/26/95                    60 FR 15705
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: Revised RIN 1557-AA67 pertains to a total 
review of 12 CFR 4. This total revision will include former projects 
relating to 12 CFR 4.11 (former RIN 1557-AA67) and 12 CFR 4.19 (former 
RIN 1557-AA57); which will no longer be separate projects. ADDITIONAL 
AGENCY CONTACT: Daniel Cooke, Attorney, Legislative & Regulatory 
Activities Division, (202)874-5090, 250 E Street, SW., Washington, DC 
20219.

Agency Contact: Andrew Gutierrez, Attorney, Department of the Treasury, 
Comptroller of the Currency, Legislative & Regulatory Activities, 
Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090

RIN: 1557-AA67
_______________________________________________________________________

2831. CAPITAL RULES

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 93a; 12 USC 161; 12 USC 1828 Note; 12 USC 
1828(n); 12 USC 1831n Note; 12 USC 1835; 12 USC 3907; 12 USC 3909

CFR Citation:  12 CFR 3

Legal Deadline:  Final, Statutory, June 19, 1993.
Statutory deadline only applicable to interest rate risk rulemaking.

Abstract: As part of the OCC's ongoing efforts to develop and refine 
capital standards to ensure the safety and soundness of the national 
banking system and to implement statutory requirements, the OCC is 
proposing to amend various provisions of the capital rules for national 
banks. Specifically, these changes include: (1) rule on expanded 
matrix; (2) rule on interest rate risk; (3) rule on OECD membership; 
(4) mortgage servicing rights; (5) market risk; (6) three rules on 
recourse arrangements ((a) low level recourse; (b) recourse 
arrangements and direct credit substitutes; and (c) small business 
loans).

Timetable:

Collateralized Transactions  NPRM 08/18/93 (58 FR 43822)  Final Rule 
12/28/94 (59 FR 66642)

Concentrations/Nontraditional Activities  NPRM 02/22/94 (59 FR 
8420)  Final Rule 12/15/94 (59 FR 64561)

Deferred Tax Assets  NPRM 12/20/93 (58 FR 68065)  NPRM 12/23/93 (58 FR 
68065)  Final Rule 02/10/95 (60 FR 7903)  Final Rule 02/10/95 (60 FR 
7903)

Expanded Matrix  NPRM 09/01/94 (59 FR 45243)  Final Rule 09/05/95 (60 
FR 46170)

Interest Rate Risk  ANPRM 08/10/92 (57 FR 35507)  NPRM 09/14/93 (58 FR 
48206)  Final Rule 08/02/95 (60 FR 39490)

Market Risk  NPRM 07/25/95 (60 FR 38082)  Final Rule 04/00/96

Mortgage Servicing Rights  Interim Rule 08/01/95 (60 FR 39226)  Final 
Rule 12/00/95

Net Unrealized Gains & Losses  NPRM 04/18/94 (59 FR 18328)  Final Rule 
11/25/94 (59 FR 60552)

Netting of Derivatives  NPRM 05/20/94 (59 FR 26456)  Final rule 12/28/
94 (59 FR 66645)

OECD Membership  NPRM 10/14/94 (59 FR 52100)  Final Rule 11/00/95

Recourse: Low-Level Recourse  Final Rule 04/10/95 (60 FR 17986)

Recourse: Recourse and Direct Credit Substitutes  Combined ANPRM/NPRM 
05/25/94 (59 FR 27116)  Final Rule 03/00/96

Recourse: Small Business Loans  Interim Rule with Comment Request 09/
00/95

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Roger Tufts, Senior 
Economic Advisor, or Christina Benson, National Bank Examiner, Office 
of the Chief National Bank Examiner, (202) 874-5270, 250 E Street SW., 
Washington DC 20219.

Agency Contact: Ronald Shimabukuro, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative & Regulatory 
Activities, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090

RIN: 1557-AB14
_______________________________________________________________________

2832. INTERNATIONAL OPERATIONS AND FEDERAL BRANCHES AND AGENCIES; 
REGULATION REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 1 et seq; 12 USC 24(Seventh); 12 USC 93a; 12 
USC 161; 12 USC 602; 12 USC 3101 et seq; 12 USC 3901 et seq

CFR Citation:  12 CFR 20; 12 CFR 28; 12 CFR 5

Legal Deadline:  Final, Statutory, September 29, 1995.
Sec. 107(b) of the Riegle-Neal Interstate Act, P.L. 103-328, 12 USC 
3104 note, requires the OCC to revise, by September 28, 1995, its 
regulations governing the types of deposits (cont)

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. As part of 
that Program, the OCC is conducting an overall review of its rules 
regarding national banks' international activities in Part 20 and the 
activities of Federal branches and agencies of foreign banks in the 
United States in Part 28. The OCC will update and clarify its rules, 
streamline processes, and eliminate any unnecessary regulatory burden. 
The OCC will work to insure that its changes do not erode public 
protection or bank safety and soundness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/05/95                    60 FR 34907
NPRM Comment Period End         09/05/95                    60 FR 34907
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: LEGAL DEADLINE CONT: that may be accepted by 
uninsured Federal branches of foreign banks.

Agency Contact: Raija Bettauer, Counselor for International Activities, 
Department of the Treasury, Comptroller of the Currency, 250 E Street 
SW., Washington, DC 20219
Phone: 202 874-0680

RIN: 1557-AB26
_______________________________________________________________________

2833. REAL ESTATE LENDING AND APPRAISALS; REGULATION REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 93a; 12 USC 371; 12 USC 1701j-3; 12 USC 
1828(o); 12 USC 3331 et seq

CFR Citation:  12 CFR 34

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. As part of 
that Program, the OCC is conducting an overall review of its rules 
regarding real estate lending. The OCC would update and clarify its 
rules, codify administrative decisions, incorporate statutory changes, 
streamline processes, and eliminate any unnecessary regulatory burden. 
The OCC will work to insure that its changes do not erode public 
protection or bank safety and soundness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/07/95                    60 FR 35353
NPRM Comment Period End         09/05/95
Final Action                    01/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Mark Tenhundfeld, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative & Regulatory 
Activities, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090

RIN: 1557-AB48
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions
Comptroller of the Currency (OCC)
  
_______________________________________________________________________
  
2834. STANDARDS FOR SAFETY AND SOUNDNESS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 30

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           07/15/92                    57 FR 31336
ANPRM Comment Period End        09/16/92                    57 FR 31336
NPRM                            11/18/93                    58 FR 60802
NPRM Comment Period End         01/03/94                    58 FR 60802
Final Action                    00/00/00
Standards for Safety and Soundness  NPRM 07/10/95 (60 FR 35674)

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Emily R. McNaughton
Phone: 202 874-5170

RIN: 1557-AB17
_______________________________________________________________________

2835. MINIMUM SECURITY DEVICES AND PROCEDURES, REPORTS OF CRIMES 
AND SUSPECTED CRIMES AND BANK SECRECY COMPLIANCE

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 21

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/03/95                    60 FR 34476
NPRM Comment Period End         09/01/95                    60 FR 34476
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Robert S. Pasley
Phone: 202 874-4800

RIN: 1557-AB19
_______________________________________________________________________

2836. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; 
REGULATION REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 5; 12 CFR 16

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/29/94                    59 FR 61034
NPRM Comment Period End         01/30/95                    59 FR 61034
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stuart Feldstein
Phone: 202 874-5090

RIN: 1557-AB27
_______________________________________________________________________

2837. INTERPRETIVE RULINGS; REGULATION REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 7; 12 CFR 31

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/03/95                    60 FR 11924
NPRM Comment Period End         05/02/95                    60 FR 11924
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stuart Feldstein
Phone: 202 874-5090

RIN: 1557-AB38
_______________________________________________________________________

2838. ASSESSMENT OF FEES; NATIONAL BANKS; DISTRICT OF COLUMBIA 
BANKS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 8

Timetable:

Assessments Review  NPRM 00/00/00

Trust Fees  Interim Rule 11/18/94 (59 FR 59640)  Final Rule 00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Roy Madsen
Phone: 202 874-5130

RIN: 1557-AB41
_______________________________________________________________________

2839. RECORDKEEPING AND CONFIRMATION REQUIREMENTS FOR SECURITIES 
TRANSACTIONS; REGULATION REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 12

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Suzette Greco
Phone: 202 874-5210

RIN: 1557-AB42
_______________________________________________________________________

2840. UNIFORM RULES OF PRACTICE AND PROCEDURE; REGULATION REVIEW

Priority:  Other

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 19

Timetable:

Suspension and Debarment of Accountants  NPRM 00/00/00

Uniform Rules -- Administrative Adjudication Process  NPRM 06/23/95 (60 
FR 32882)  Final Rule 00/00/00

Uniform Rules -- Ex Parte  NPRM 12/12/94 (59 FR 63936)  Final Rule 06/
08/95 (60 FR 30183)

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Daniel Cooke
Phone: 202 874-5090

RIN: 1557-AB43
_______________________________________________________________________

2841. DISPOSITION OF CREDIT LIFE INSURANCE INCOME; REGULATION 
REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 2

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stuart E. Feldstein
Phone: 202 874-5090

RIN: 1557-AB49
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Comptroller of the Currency (OCC)
  
_______________________________________________________________________
  
2842. COMMUNITY REINVESTMENT ACT REGULATION

Priority:  Economically Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 25

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    05/04/95                    60 FR 22156

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Matthew Roberts
Phone: 202 874-5750

RIN: 1557-AB32
_______________________________________________________________________

2843. AGRICULTURAL LOAN LOSS AMORTIZATION; REGULATION REVIEW

Priority:  Other

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 35

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    05/24/95                    60 FR 27401
Final Action Effective          01/01/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Andrew Gutierrez
Phone: 202 874-5090

RIN: 1557-AB44
BILLING CODE 4810-33-F
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
United States Customs Service (CUSTOMS)
  
_______________________________________________________________________
  
2844. U.S. INSULAR POSSESSIONS--DUTY-FREE TREATMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1624

CFR Citation:  19 CFR 7.8

Legal Deadline: None

Abstract: Rule setting forth in detail the criteria which must be met 
to obtain duty-free treatment for products imported from U.S. insular 
possessions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/27/93                    58 FR 40095
NPRM Comment Period End         09/27/93
New NPRM                        12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Craig Walker, Attorney-Advisor, Department of the 
Treasury, United States Customs Service, Special Classification Branch, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 482-6980

RIN: 1515-AB14
_______________________________________________________________________

2845. PUBLICATION OF FILER CODES

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624

CFR Citation:  19 CFR 142; 19 CFR 143

Legal Deadline: None

Abstract: Provides for the publication of a list of filer codes and the 
identity of individuals, licensed Customs brokers or importers assigned 
the specific number. Publication will improve control for various 
components of the trade community and reduce numerous problems for 
Customs relating to entry processing requirements, but could also 
provide a means to access commercial import information heretofore 
treated as confidential by Customs.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           01/13/93                     58 FR 4115
ANPRM Comment Period End        03/15/93
NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Paul Hegland, Attorney, Entry Rulings Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229
Phone: 202 482-7040

RIN: 1515-AB27
_______________________________________________________________________

2846. PARALLEL IMPORTS AND OTHER TRADEMARKED GOODS

Priority:  Substantive, Nonsignificant

Legal Authority:  17 USC 101; 17 USC 601; 17 USC 602; 17 USC 603; 19 
USC 66; 19 USC 1624; 31 USC 9701

CFR Citation:  19 CFR 133

Legal Deadline: None

Abstract: Amendment to provide for restrictions on the importation of 
certain foreign-made articles bearing genuine trademarks identical to 
or substantially indistinguishable from a valid, recorded U.S. 
trademark where the imported articles and the articles bearing the 
authorized U.S. trademark are materially and physically different.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karl Wm. Means, Attorney, Intellectual Property Rights 
Branch, Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6960

RIN: 1515-AB49
_______________________________________________________________________

2847. TEXTILES AND TEXTILE PRODUCTS SUBJECT TO TEXTILE TRADE 
AGREEMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 7 USC 
1854

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment to the country of origin standards and documentary 
requirements applicable to textiles and textile products subject to 
section 204 of the Agricultural Act of 1956. Amendment involves 
simplification of regulatory text, has no substantive effect on the 
U.S. textile import program as administered by Customs and is intended 
to ensure that the wording of the Customs Regulations is consistent 
with the product coverage of section 204.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dick Crichton, Operations Officer, Office of Trade 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0162

RIN: 1515-AB54
_______________________________________________________________________

2848. ANDEAN TRADE PREFERENCE

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19 
USC 1498; 19 USC 1508; 19 USC 1624; 19 USC 3203

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Amendment to implement the duty preference provisions of the 
Andean Trade Preference Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Carol Argentine, Import Specialist, Office of Field 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0021

RIN: 1515-AB59
_______________________________________________________________________

2849. ACCREDITATION OF COMMERCIAL TESTING LABORATORIES; APPROVAL OF 
COMMERCIAL GAUGERS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1499; 19 USC 1624

CFR Citation:  19 CFR 113; 19 CFR 151

Legal Deadline: None

Abstract: Amendment to set forth procedures for the accreditation of 
commercial laboratories and the approval of commercial gaugers and the 
suspension and revocation of such accreditations and the approvals. 
Amendments are pursuant to authority of the Customs Modernization 
provisions of the North American Free Trade Agreement Implementation 
Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Carolyn E. Damon, Laboratory Director, Office of 
Laboratories & Scientific Services, Department of the Treasury, United 
States Customs Service, 1301 Constitution Avenue NW., Washington, DC 
20229
Phone: 312 353-2338

RIN: 1515-AB60
_______________________________________________________________________

2850. LIQUIDATION; EXTENSION; SUSPENSION

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  19 USC 66; 19 USC 1500; 19 USC 1504; 19 USC 1624

CFR Citation:  19 CFR 159

Legal Deadline: None

Abstract: Document would amend the Customs Regulations to implement 
amendments to section 504 of the Tariff Act of 1930, as amended, which 
pertains to limitations on the liquidation of entries, that were 
contained in the Customs Modernization provisions of the North American 
Free Trade Agreement Implementation Act. Amendments would allow the 
reconciliation of entries to be treated as if they were entry 
summaries, subject to normal liquidation requirements; authorize the 
electronic transmittal of notices of extension and suspension of 
liquidation; extend the time period in which customs must liquidate a 
suspended entry after the suspension is removed; remove the application 
of the four-year limitation to suspended entries; and provide that 
customs must also inform sureties when an entry is suspended or 
extended.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Allan J. Stevenson, Attorney, Entry Rulings Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-7040

RIN: 1515-AB66
_______________________________________________________________________

2851.  DETENTION, SEIZURE, AND FORFEITURE OF ``BOOTLEG'' 
SOUND RECORDING AND MUSIC VIDEOS OF LIVE MUSICAL PERFORMANCES

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 58a; 19 USC 
58b; 19 USC 58c; 19 USC 66; 17 USC 101; 17 USC 601; 17 USC 602; 17 USC 
603; 31 USC 9701

CFR Citation:  19 CFR 12; 19 CFR 24; 19 CFR 133

Legal Deadline: None

Abstract: Amendment to provide for the detention, seizure, and 
forfeiture of unauthorized (bootleg) copies of sound recordings and 
music videos of live musical performances recorded outside of and 
imported into the United States, as provided by section 513(a) of the 
Uruguay Round Agreements Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: George F. McCray, Attorney - Advisor, Intellectural 
Property Rights Branch, Department of the Treasury, United States 
Customs Service, 1301 Constitution Avenue NW., Franklin Court, 
Washington, DC 20229
Phone: 202 482-6960

RIN: 1515-AB74
_______________________________________________________________________

2852.  DETENTION OF MERCHANDISE

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1499; 19 USC 1624

CFR Citation:  19 CFR 151

Legal Deadline: None

Abstract: Amendment to provide for procedures regarding the detention 
of merchandise that is undergoing Customs examination. Amendment will 
reflect Customs Modernization Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeremy Baskin, Attorney - Advisor, Penalties Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6950

RIN: 1515-AB75
_______________________________________________________________________

2853.  INTEREST ON UNDERPAYMENTS AND OVERPAYMENTS OF 
CUSTOMS DUTIES FEES AND INTEREST

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 58a; 19 USC 58b; 19 USC 
58c; 19 USC 1202; 19 USC 1505; 19 USC 1623; 19 USC 1624; 31 USC 9701

CFR Citation:  19 CFR 12; 19 CFR 113

Legal Deadline: None

Abstract: Amendment to reflect the provisions of section 505 of the 
Tariff Act of 1930 as amended by section642(c) of the North American 
Free Trade Agreement Implementation Act, regarding the assessment of 
interest due to underpayments or overpayments to Customs of duties and 
fees pertaining to imported merchandise, including interest thereon. 
Amendment will also pertain to the payment of interest due to 
underpayments or overpayments of fees and other charges, including 
interest thereon, that are not expressly covered by the terms of 19 USC 
1505, but to which the same principles should apply. Interest, per the 
amendment, would accrue from the date the duties, fees, or other 
charges are deposited, or are required to be deposited, with Customs 
rather than from the date appearing on the bill for payment 
subsequently issued by Customs.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donnette Rimmer, Attorney-Advisor, Intellectual 
Property Rights Branch, Department of the Treasury, United States 
Customs Service, 1301 Constitution Avenue NW., Franklin Court, 
Washington, DC 20229
Phone: 202 482-6960

RIN: 1515-AB76
_______________________________________________________________________

2854.  RECORDKEEPING REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1624; 19 USC 1508; 19 
USC 1509; 19 USC 1510

CFR Citation:  19 CFR 162; 19 CFR 163 (New)

Legal Deadline: None

Abstract: Amendment to reflect statutory amendments contained in the 
Customs Modernization provisions of the North American Free Trade 
Agreement Implementation Act covering recordkeeping, examination of 
books and witnesses, regulatory audit procedures, and judicial 
enforcement.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Cindy Covell, Supervisory Regulatory Auditor, Office of 
Regulatory Audit, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0736

RIN: 1515-AB77
_______________________________________________________________________

2855.  USE OF CONTAINERS DESIGNATED AS INSTRUMENTS OF 
INTERNATIONAL TRAFFIC IN POINT-TO-POINT LOCAL TRAFFIC

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1322; 19 USC 1623; 19 USC 
1624

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Amendment to provide that certain containers which are 
designated as instruments of international traffic are deemed to remain 
in international traffic regardless of the fact that the containers may 
engage in point-to-point local traffic within the United States 
provided that such containers engage in at least one international 
movement within 365 days of the date on which they are admitted to the 
United States.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Glen Vereb, Attorney-Advisor, Carrier Rulings Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6940

RIN: 1515-AB79
_______________________________________________________________________

2856.  COUNTRY-OF-ORIGIN MARKING

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19 
USC 1624

CFR Citation:  19 CFR 134

Legal Deadline: None

Abstract: Amendment to ease the requirement that whenever words appear 
on an imported article indicating the name of a geographic location 
other than the true country of origin of the article, the country-of-
origin marking always must appear in close proximity to those words. 
Amendment would require the country of origin to be in close proximity 
to the name of the other geographic location on the imported article 
only if the name of the other geographic location would mislead or 
deceive the ultimate purchaser as to the actual country of origin of 
the imported article.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Anthony Tonucci, Attorney-Advisor, Special 
Classification and Marking Branch, Department of the Treasury, United 
States Customs Service, 1301 Constitution Avenue NW., Franklin Court, 
Washington, DC 20229
Phone: 202 482-6980

RIN: 1515-AB82
_______________________________________________________________________

2857.  CENTRALIZED EXAMINATION STATIONS; IMMEDIATE 
SUSPENSION OR PERMANENT REVOCATION AS OPERATOR UPON INDICTMENT FOR ANY 
FELONY

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1499; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 118

Legal Deadline: None

Abstract: Amendment to enable Customs port directors to immediately 
suspend operations at a Centralized Examination Station (CES) whenever 
the operator, entity or other person exercising substantial ownership 
or control over the operator is indicted for, convicted of, or has 
committed acts which would constitute any felony. Amendment would also 
state specifically that the failure of a CES operator to follow the 
terms of the CES written agreement constitutes a ground for proposed 
permanent revocation of the CES and cancellation of the written 
agreement to operate the facility.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Linda Walfish, Operations Officer, Department of the 
Treasury, United States Customs Service, 1301 Constitution Avenue NW., 
Washington, DC 20229
Phone: 202 927-1167

RIN: 1515-AB83
_______________________________________________________________________

2858.  RECONCILIATION

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  19 USC 66; 19 USC 1484; 19 USC 1500; 19 USC 1624

CFR Citation:  19 CFR 142; 19 CFR 159

Legal Deadline: None

Abstract: Amendment to allow those elements of an entry, other than 
those elements relating to the admissibility of the merchandise, that 
are undetermined at the time an entry summary or an import activity 
summary is required to be submitted, to be provided to Customs at a 
later date.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Durant, Director, Tariff Classification Appeals 
Division, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 482-6990

RIN: 1515-AB85
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
United States Customs Service (CUSTOMS)
  
_______________________________________________________________________
  
2859. RULES OF ORIGIN

Priority:  Other Significant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19 
USC 1481; 19 USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 
1624; 46 USC app 3

CFR Citation:  19 CFR 102 (New); 19 CFR 4.80b(a); 19 CFR 10.12(e); 19 
CFR 10.14(b); 19 CFR 10.171(c); 19 CFR 10.191(b)(3); 19 CFR 134.1(b), 
(d), and (e); 19 CFR 134.35; 19 CFR 177.22(a)

Legal Deadline: None

Abstract: Rule setting forth uniform rules governing the determination 
of the country of origin of imported merchandise.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/25/91                    56 FR 48448
NPRM Comment Period End         01/09/92                    56 FR 61214
New NPRM                        05/05/95                    60 FR 22312
Additional NPRM                 07/12/95                    60 FR 35878
New NPRM Comment Period End     07/19/95                    60 FR 29520
Additional NPRM Comment Period 
End                             08/28/95                    60 FR 35878
Final Action                    11/00/95
To Be Combined With RIN 1515-
AB34                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sandra L. Gethers, Branch Chief, Special Classification 
and Marking Branch, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 482-6980

RIN: 1515-AB19
_______________________________________________________________________

2860. DISCLOSURE OF INFORMATION TO INTELLECTUAL PROPERTY RIGHTS 
OWNERS

Priority:  Substantive, Nonsignificant

Legal Authority:  17 USC 101; 17 USC 601; 17 USC 602; 17 USC 603; 19 
USC 66; 19 USC 1624; 31 USC 9701

CFR Citation:  19 CFR 133

Legal Deadline: None

Abstract: Provides intellectual property rights owners with information 
regarding importations so that they may pursue injunctive relief or 
other civil remedies against the party involved in infringing 
transactions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/23/93                    58 FR 44476
NPRM Comment Period End         10/22/93
New NPRM                        07/14/95                    60 FR 36249
New NPRM Comment Period End     09/12/95
Final Action                    01/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karl Means, Attorney, Intellectual Property Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6960

RIN: 1515-AB28
_______________________________________________________________________

2861. RULES FOR DETERMINING THE COUNTRY OF ORIGIN OF A GOOD FOR 
PURPOSES OF ANNEX 311 OF THE NORTH AMERICAN FREE TRADE AGREEMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1202, Gen Note 20, Harmonized 
Tariff Schedule of the US; 19 USC 1624; PL 103-182

CFR Citation:  19 CFR 12; 19 CFR 102; 19 CFR 134

Legal Deadline:  Final, Statutory, January 1, 1994.

Abstract: Amendment establishes the rules for determining when the 
country of origin of a good is one of the parties to the North American 
Free Trade Agreement for purposes of Annex 311 of that Agreement.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              01/03/94                      59 FR 110
Correction                      02/03/94                     59 FR 5082
Interim Final Rule Comment 
Period End                      04/04/94
Proposed Changes to Interim 
Final Rule                      05/05/95                    60 FR 22312
Comment Period End for Proposed 
Changes to Interim Final Rule   06/05/95                    60 FR 29520
Comment Period End for Proposed 
Changes to Interim Final Rule   06/05/95
Additional NPRM                 07/12/95                    60 FR 35878
Additional NPRM Comment Period 
End                             08/28/95
Additional NPRM Comment Period 
End                             08/28/95
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sandra L. Gethers, Attorney, Department of the 
Treasury, United States Customs Service, 1301 Constitution Avenue NW., 
Franklin Court, Washington, DC 20229
Phone: 202 482-6980

RIN: 1515-AB34
_______________________________________________________________________

2862. PRELIMINARY VESSEL ENTRY AND PERMITS TO LADE AND UNLADE

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 288; 19 USC 
1433; 19 USC 1434; 19 USC 1446; 19 USC 1448; 19 USC 1450; 19 USC 1624; 
46 USC app 3; 46 USC app 91

CFR Citation:  19 CFR 4

Legal Deadline: None

Abstract: Amendment to the Customs Regulations concerns the preliminary 
entry of vessels arriving in ports of the United States and the 
granting of permits for the lading and unlading of merchandise from 
those vessels. Amendment would allow preliminary entry without 
mandatory boarding in all cases and allow Customs to electronically 
issue permits to lade or unlade merchandise pursuant to an authorized 
data interchange system.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/18/94                    59 FR 12878
NPRM Comment Period End         04/18/94
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lou Samenfink, Chief, Cargo Control Branch, Department 
of the Treasury, United States Customs Service, 1301 Constitution 
Avenue NW., Washington, DC 20229
Phone: 202 927-0042

RIN: 1515-AB37
_______________________________________________________________________

2863. FEES ASSESSED FOR DEFAULTED PAYMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 58a; 19 USC 58b; 19 USC 58c; 19 USC 
66; 19 USC 1202; 19 USC 1624; 31 USC 9701

CFR Citation:  19 CFR 24

Legal Deadline: None

Abstract: Amendment authorizes the assessment of a $30 fee for any 
defaulted payment resulting from a check or other monetary instrument 
returned unpaid by a financial institution, including Automated 
Clearinghouse defaulted payments, which were presented for duties, 
taxes and other charges incurred in connection with any commercial or 
noncommercial importation or other Customs transaction whether or not 
backed by a Customs bond.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/23/94                    59 FR 13664
NPRM Comment Period End         05/23/94
Final Action                    01/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David Baker, Officer, Office of the Comptroller, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0620

RIN: 1515-AB38
_______________________________________________________________________

2864. IMPORTER CERTIFICATION REGARDING COUNTRY OF ORIGIN OF 
TEXTILES AND TEXTILE PRODUCTS

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment to require that an importer of textiles or textile 
products submit to Customs a certification stating that he has used 
reasonable care to ascertain the true country of origin of the imported 
merchandise and to verify the accuracy of the declaration prepared by 
the manufacturer, producer or exporter and filed by the importer with 
the entry.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/30/94                    59 FR 14806
NPRM Comment Period End         05/31/94
Final Action                    02/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dick Crichton, Operations Officer, Office of Trade 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0162

RIN: 1515-AB43
_______________________________________________________________________

2865. ENFORCEMENT OF ITC EXCLUSION ORDERS

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1337; 19 USC 1623; 19 
USC 1624

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment regarding unfair competition to reflect Customs 
authority to enforce seizure and forfeiture orders issued by the United 
States International Trade Commission (ITC). These orders would be 
issued for articles which had previously been denied entry pursuant to 
an ITC exclusion order.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/19/94                    59 FR 26151
NPRM Comment Period End         07/18/94
Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Vicki Allums, Attorney, Intellectual Property Rights 
Branch, Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6960

RIN: 1515-AB44
_______________________________________________________________________

2866. NORTH AMERICAN FREE TRADE AGREEMENT--SUBMISSION OF 
CERTIFICATES OF ELIGIBILITY FOR TEXTILE AND APPAREL GOODS UNDER THE 
TARIFF PREFERENCE LEVEL PROVISIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment to require submission of a Certificate of 
Eligibility in connection with the entry of non-originating textile and 
apparel goods from Canada or Mexico for which preferential tariff 
treatment is claimed under the tariff preference level provisions of 
the North American Free Trade Agreement.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              06/20/94                    59 FR 31519
Interim Rule Effective          06/20/94
Interim Final Rule Comment 
Period End                      08/19/94
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dick Crichton, Operations Officer, Office of Trade 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0162

RIN: 1515-AB50
_______________________________________________________________________

2867. TREATMENT OF REUSABLE SHIPPING DEVICES ARRIVING FROM CANADA 
OR MEXICO

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19 
USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Amendment to allow certain foreign-manufactured shipping 
devices arriving from Canada or Mexico to be released under specified 
conditions, without entry and payment of duty at the time of arrival 
and without the devices being serially numbered or marked, if they are 
always transported on or within either intermodal and similar 
containers or containers which are themselves vehicles or vehicle 
appurtenances and accessories.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/01/94                    59 FR 54537
NPRM Comment Period End         01/03/95                    59 FR 54537
Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Louis Hryniw, Supervisory Auditor, Office of Regulatory 
Audit, Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-1100

RIN: 1515-AB51
_______________________________________________________________________

2868. EXAMINATION OF BAGGAGE

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1461; 19 USC 1462; 19 USC 1496; 19 
USC 1624

CFR Citation:  19 CFR 123; 19 CFR 148

Legal Deadline: None

Abstract: Amendment to more clearly reflect Customs statutory authority 
to open and examine baggage and vehicles without the permission of the 
owners of the baggage and vehicles.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/10/94                    59 FR 56014
NPRM Comment Period End         01/09/95                    59 FR 56014
Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lars-Erik Hjelm, Attorney, Office of the Chief Counsel, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-6900

RIN: 1515-AB56
_______________________________________________________________________

2869. DISCLOSURE OR PRODUCTION OF CUSTOMS INFORMATION PURSUANT TO 
LEGAL PROCESS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  5 USC 301; 5 USC 552; 5 USC 552a; 18 USC 1905; 19 USC 
66; 19 USC 1624; 31 USC 9701

CFR Citation:  19 CFR 103

Legal Deadline: None

Abstract: Amendment to clarify the procedures to be followed when 
subpoenas or other demands of courts and other authorities, except 
Congress, are issued to compel the disclosure or production of Customs 
documents or information for use in Federal, State, local and foreign 
proceedings.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/06/94                    59 FR 46007
NPRM Comment Period End         11/07/94                    59 FR 46007
Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Senoria Clarke, Attorney, Office of the Chief Counsel, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-6900

RIN: 1515-AB58
_______________________________________________________________________

2870. SEIZURE OF MERCHANDISE

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1595a(c); 19 USC 1624

CFR Citation:  19 CFR 162

Legal Deadline: None

Abstract: The document would amend the Customs Regulations to reflect 
the clarification of customs seizure authority contained in the Customs 
Modernization Act. Among its other provisions, the Modernization Act 
amended section 596(c) of the Tariff Act of 1930 to clarify and codify 
Customs authority to seize and forfeit merchandise found to be imported 
in violation of the law. The Customs Modernization Act distinguishes 
between circumstances under which such merchandise shall be seized and 
those in which seizure is permissive.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/03/95                    60 FR 21778
NPRM Comment Period End         07/03/95
Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Todd Schneider, Attorney, Penalties Branch, Department 
of the Treasury, United States Customs Service, 1301 Constitution 
Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6950

RIN: 1515-AB62
_______________________________________________________________________

2871. CUSTOMS/INS SERVICE FIELD ORGANIZATIONS; REVOCATIONS AND 
DESIGNATIONS OF INTERNATIONAL AIRPORT STATUS FOR CUSTOMS SERVICES AND 
PORTS OF ENTRY FOR ALIENS ARRIVING BY AIRCRAFT

Priority:  Routine and Frequent

Legal Authority:  8 USC 1103; 5 USC 301; 19 USC 58b; 19 USC 66; 19 USC 
1433; 19 USC 1436; 19 USC 1459; 19 USC 1590; 19 USC 1594; 19 USC 1623; 
19 USC 1624; 19 USC 1644; 49 USC app 1509

CFR Citation:  8 CFR 100; 19 CFR 122

Legal Deadline: None

Abstract: Document would amend the Customs and Immigration and 
Naturalization Service regulations pertaining to their respective field 
organizations. Customs would revoke the international airport 
designations for Ranier International Seaplane Base located in Ranier, 
Minnesota, and the Eagle Pass Municipal Airport located in Eagle Pass, 
Texas. Immigration and Naturalization Service would remove Ranier, 
Minnesota, and Eagle Pass, Texas, from the port of entry lists for 
aliens arriving by vessel, land transportation, or by aircraft.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/27/95                    60 FR 15703
NPRM Comment Period End         05/26/95
Final Action                    01/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Darlene Langum Wilder, Customs Officer, Department of 
the Treasury, United States Customs Service, 1301 Constitution Avenue 
NW., Washington, DC 20229
Phone: 202 927-0530

RIN: 1515-AB64
_______________________________________________________________________

2872. WAREHOUSE WITHDRAWALS; AIRCRAFT FUEL SUPPLIES; PIPELINE 
TRANSPORTATION IN BOND OF MERCHANDISE

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 
1557; 19 USC 1551; 19 USC 1552; 19 USC 1553; 19 USC 1553a

CFR Citation:  19 CFR 10; 19 CFR 18

Legal Deadline: None

Abstract: Document implements certain statutory amendments to the 
Customs laws regarding recordkeeping for merchandise transported by 
pipeline and duty-free withdrawals from Customs bonded warehouses of 
aircraft turbine fuel. These statutory amendments are contained in the 
Customs Modernization provisions of the North American Free Trade 
Agreement Implementation Act. The document also clarifies the 
procedures applicable to aircraft turbine fuel which is withdrawn from 
a Customs bonded warehouse for certain duty-free use and is commingled 
with other lots of fuel before being so used.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William G. Rosoff, Chief, Entry Rulings Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-7040

RIN: 1515-AB67
_______________________________________________________________________

2873. COUNTRY-OF-ORIGIN MARKING FOR WATCHES

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19 
USC 1624

CFR Citation:  19 CFR 134

Legal Deadline: None

Abstract: Amendment to prescribe specific rules regarding the country-
of-origin marking of watches to ensure that the marking is conspicuous 
and legible.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           03/20/95                    60 FR 14705
ANPRM Comment Period End        05/04/95                    60 FR 14705
To Be Withdrawn                 12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Burton Schlissel, Attorney, Special Classification and 
Marking Branch, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Franklin Court, Washington, DC 
20229
Phone: 202 482-6980

RIN: 1515-AB68
_______________________________________________________________________

2874.  RULES OF ORIGIN FOR TEXTILE AND APPAREL PRODUCTS

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19 
USC 1498; 19 USC 1508; 19 USC 1624; 19 USC 2701; 19 USC 3592; 19 USC 
3314; 7 USC 1854

CFR Citation:  19 CFR 12; 19 CFR 102; 19 CFR 10

Legal Deadline:  Final, Statutory, July 1, 1995.

Abstract: Amendment to implement the provisions of section 334 of the 
Uruguay Round Agreements Act regarding the country of origin of textile 
and apparel products. Except for the purpose of identifying products of 
Israel, the rules will govern the determination of the country of 
origin of imported textile and apparel products for purposes of laws 
enforced by Customs. Amendment also implements the provisions of 
section 334 of the Uruguay Round Agreements Act regarding the treatment 
of components that are cut to shape in the United States from foreign 
fabric, exported for assembly, and returned to the United States. 
Amendment also implements previously enacted provisions regarding the 
treatment of articles assembled or produced in a Carribbean Basin 
Initiative beneficiary country wholly from U.S.-produced components, 
materials, or ingredients.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/23/95                    60 FR 27378
NPRM Comment Period End         06/22/95
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Phil Robins, Attorney, Textile Classification Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-7029

RIN: 1515-AB71
_______________________________________________________________________

2875.  SEARCH WARRANTS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will eliminate existing text in the CFR.

Legal Authority:  19 USC 66; 19 USC 1595; 19 USC 1624; 19 USC 1589a

CFR Citation:  19 CFR 162

Legal Deadline: None

Abstract: Amendment to remove regulation limiting the authority of 
Customs officers to whom search warrants are issued. Regulation is 
inconsistent with the current state of the law.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/12/95                    60 FR 35881
NPRM Comment Period End         09/11/95
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lars-Erik Hjelm, Attorney, Office of Chief Counsel, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-6900

RIN: 1515-AB72
_______________________________________________________________________

2876.  EXPORT CERTIFICATES FOR BEEF SUBJECT TO TARIFF-RATE 
QUOTA

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1484; 19 USC 1508; 19 
USC 1623; 19 USC 1624

CFR Citation:  19 CFR 132

Legal Deadline: None

Abstract: Amendment to set forth the form and manner by which an 
importer makes a declaration that valid export certificate is in effect 
for imported beef which is the subject of a tariff-rate quota and the 
product of a participating country, as defined in regulations of the 
United States Trade Representative.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              08/01/95                    60 FR 39108
Interim Final Rule Effective    08/01/95
Interim Final Rule Comment 
Period End                      10/02/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karen Cooper, Operations Officer, Quota Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-5401

RIN: 1515-AB73
_______________________________________________________________________

2877.  UNESCO CULTURAL PROPERTY CONVENTION SIGNATORIES

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 
USC 2612

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment republishes the list of signatory nations to the 
1970 United Nations Educational, Scientific, and Cultural Organization 
Convention as the Means of Prohibiting and Preventing the Illicit 
Import, Export, and Transfer of Ownership of Cultural Property.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donnette Rimmer, Attorney-Advisor, Intellectual 
Property Rights Branch, Department of the Treasury, United States 
Customs Service, 1301 Constitution Avenue NW., Franklin Court, 
Washington, DC 20229
Phone: 202 482-6960

RIN: 1515-AB78
_______________________________________________________________________

2878.  REMOVAL OF CAMBODIA AND VIETNAM FROM LIST OF ``NON-
ENTRANT'' COUNTRIES

Priority:  Routine and Frequent

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 
USC 1434; 19 USC 1624; 46 USC app 3; 46 USC app 91; 46 USC app 121; 46 
USC app 128

CFR Citation:  19 CFR 4

Legal Deadline: None

Abstract: Document removes Cambodia and Vietnam from the list of ``non-
entrant'' countries so that foreign vessels entering the United States 
from these countries are now subject to a lesser special tonnage tax 
assessment. Cambodia and Vietnam were removed from ``non-entrant'' 
status by the National Security Council as of April 27, 1995.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Barbara Whiting, Customs Law Specialist, Department of 
the Treasury, United States Customs Service, Carrier Rulings Branch, 
1301 Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6940

RIN: 1515-AB81
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions
United States Customs Service (CUSTOMS)
  
_______________________________________________________________________
  
2879. HARBOR MAINTENANCE FEE

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 4; 19 CFR 24; 19 CFR 146; 19 CFR 178

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              03/30/87                    52 FR 10198
Interim Final Rule Public 
Comment Period End              08/28/87
Comments Being Analyzed         02/08/88


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0034

RIN: 1515-AA57
_______________________________________________________________________

2880. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 24

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              01/08/92                      57 FR 607


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0034

RIN: 1515-AA87
_______________________________________________________________________

2881. AUTOMATED SURETY INTERFACE

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 113

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/22/93                     58 FR 5680
NPRM Comment Period End         03/23/93
NPRM Comment Period Extended to 
04/22/93                        03/30/93                    58 FR 16632


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Diane Hundertmark
Phone: 202 927-0355

RIN: 1515-AB25
_______________________________________________________________________

2882. SUBSTITUTION UNUSED MERCHANDISE DRAWBACK

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 191

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William G. Rosoff
Phone: 202 482-7040

RIN: 1515-AB48
_______________________________________________________________________

2883. COUNTRY-OF-ORIGIN MARKING REQUIREMENTS FOR FROZEN PRODUCE 
PACKAGES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 134

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           02/02/95                     60 FR 6464
ANPRM Comment Period End        03/20/95                     60 FR 6464


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David Cohen
Phone: 202 482-6980

RIN: 1515-AB61
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
United States Customs Service (CUSTOMS)
  
_______________________________________________________________________
  
2884. VOLUNTARY RESTRAINT ARRANGEMENTS--STEEL

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will eliminate existing text in the CFR.

CFR Citation:  19 CFR 10

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed Without Further 
Regulations                     10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Frank Crowe
Phone: 202 927-0164

RIN: 1515-AB04
_______________________________________________________________________

2885. STANDARDS FOR THE ESTABLISHMENT OF CUSTOMS SERVICES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 101

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project Closed Without 
Regulations                     10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bradley Lund
Phone: 202 927-0192

RIN: 1515-AB18
_______________________________________________________________________

2886. PETROLEUM REFINERIES IN FOREIGN TRADE SUBZONES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 146

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    04/27/95                    60 FR 20628
Final Action Effective          10/24/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Louis Hryniw
Phone: 202 927-0677

RIN: 1515-AB20
_______________________________________________________________________

2887. IDENTIFYING MERCHANDISE SUBJECT TO ANTIDUMPING OR 
COUNTERVAILING DUTY ORDERS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 141

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project Closed Without 
Regulations                     10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Esau
Phone: 202 927-1500

RIN: 1515-AB32
_______________________________________________________________________

2888. NORTH AMERICAN FREE TRADE AGREEMENT

Priority:  Other Significant

CFR Citation:  19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 123; 19 CFR 134; 
19 CFR 162; 19 CFR 174; 19 CFR 177; 19 CFR 178; 19 CFR 181; 19 CFR 191

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    09/06/95                    60 FR 56334
Final Action Effective          10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joyce Metzger
Phone: 202 927-0792

RIN: 1515-AB33
_______________________________________________________________________

2889. FILING OF EXPORT CERTIFICATES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 4

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    07/12/95                    60 FR 35837
Final Action Effective          08/11/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Barbara Whiting
Phone: 202 482-6940

RIN: 1515-AB46
_______________________________________________________________________

2890. TEST PROGRAMS

Priority:  Other Significant

CFR Citation:  19 CFR 101

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    03/16/95                    60 FR 14211
Final Action Effective          04/17/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Durant
Phone: 202 482-6990

RIN: 1515-AB47
_______________________________________________________________________

2891. EXPRESS CONSIGNMENTS: FORMAL AND INFORMAL ENTRIES OF 
MERCHANDISE; ADMINISTRATIVE EXEMPTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 10; 19 CFR 101; 19 CFR 111; 19 CFR 123; 19 CFR 
128; 19 CFR 141; 19 CFR 143; 19 CFR 145; 19 CFR 148; 19 CFR 159

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    04/14/95                    60 FR 18983
Final Action Effective          05/15/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William G. Rosoff
Phone: 202 482-7040

RIN: 1515-AB53
_______________________________________________________________________

2892. TEMPORARY IMPORTATION BONDS; ANTICIPATORY BREACH, ASSESSMENT 
AMOUNTS, PETITIONS FOR RELIEF

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  19 CFR 10

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    03/20/95                    60 FR 14630
Final Action Effective          04/19/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeremy Baskin
Phone: 202 482-6950

RIN: 1515-AB65
_______________________________________________________________________

2893.  TERMINATION OF THE BAHAMAS AS A DESIGNATED COUNTRY 
MEMBER OF AN ASSOCIATION OF COUNTRIES UNDER THE GSP

Priority:  Routine and Frequent

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Document amends the Customs Regulations pertaining to the 
Generalized System of Preferences (GSP) direct importation requirement 
by adding the Bahamas to the list of countries whose membership in an 
association of countries for GSP purposes has been terminated by the 
President.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    04/12/95                    60 FR 18542
Final Action Effective          04/12/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lisa Crosby, Trade Compliance Officer, Office of Field 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0163

RIN: 1515-AB69
_______________________________________________________________________

2894.  REPLACEMENT OF CF 7505 AND CF 7506 BY CF 7501

Priority:  Routine and Frequent

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 
1555; 19 USC 1556; 19 USC 1562; 19 USC 1311; 19 USC 1565; 19 USC 1646a

CFR Citation:  19 CFR 10; 19 CFR 19; 19 CFR 54; 19 CFR 125; 19 CFR 141; 
19 CFR 144

Legal Deadline: None

Abstract: Amendment to eliminate references to Customs Form 7505, 
Warehouse Withdrawal for Consumption and Customs Form 7506, Warehouse 
Withdrawal Conditionally Free of Duty, to reflect Customs elimination 
of the two forms. Customs Form 7501, Entry Summary, will be used in 
lieu of the eliminated forms.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    10/06/95                    60 FR 52294
Final Action Effective          10/06/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Raymond Janiszewski, Office of Trade Compliance, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0380

RIN: 1515-AB80
_______________________________________________________________________

2895.  TECHNICAL CORRECTIONS REGARDING CUSTOMS ORGANIZATION

Priority:  Other

Legal Authority:  19 USC 66; 19 USC 1624

CFR Citation:  19 CFR 4; 19 CFR 19; 19 CFR 24; 19 CFR 101; 19 CFR 103; 
19 CFR 111; 19 CFR 112; 19 CFR 113; 19 CFR 118; 19 CFR 122; 19 CFR 127; 
19 CFR 141; 19 CFR 142; 19 CFR 146; 19 CFR 174; ...

Legal Deadline: None

Abstract: Document reflects Customs new organizational structure.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule - Effective 
09/30/95                        09/27/95                    60 FR 50008

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jerry Laderberg, Operations Officer, Department of the 
Treasury, United States Customs Service, 1301 Constitution Avenue NW., 
Washington, DC 20229
Phone: 202 927-0415

RIN: 1515-AB84
BILLING CODE 4820-02-F
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Internal Revenue Service (IRS)
  
_______________________________________________________________________
  
2896. GRANTOR TRUST REPORTING REQUIREMENTS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide rules pertaining to the grantor 
trust reporting requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-79-93
Drafting attorney: Steven Schneider (202) 622-3060.
Reviewing attorney: Arthur Ernst (202) 622-3060.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Steven Schneider, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-4524

RIN: 1545-AS37
_______________________________________________________________________

2897. DEFINITION OF QUALIFIED RESEARCH AND COMPUTATION OF RESEARCH 
CREDIT UNDER SECTION 41 OF THE CODE, AFTER 1986 ACT AND 1989 ACT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; PL 101-239, sec 7110

CFR Citation:  26 CFR 602; 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide clarification on the computation of 
the research credit under section 41 of the Code as a result of 
amendments to section 41 by the Tax Reform Act of 1986 and the Revenue 
Reconciliation Act of 1989.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-016-90.
Drafting attorney: Lisa Shuman (202) 622-3120.
Reviewing attorney: Christine Ellison (202) 622-3120.

Agency Contact: Lisa Shuman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3120
Fax: 202 622-4743

RIN: 1545-AO51
_______________________________________________________________________

2898.  AVAILABLE UNIT RULE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0042(h)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will provide guidance regarding the 
available unit rule of section 42(g)(2)(D)(ii) of the Internal Revenue 
Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-29-95
Drafting attorney: David Selig (202) 622-3040.
Reviewing attorney: James Ranson (202) 622-3040.

Agency Contact: David Selig, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service
Phone: 202 622-3040
Fax: 202 622-4524

RIN: 1545-AT60
_______________________________________________________________________

2899. AMENDMENT TO THE REGULATIONS UNDER SECTION 61 TO CONFORM THE 
TREATMENT OF BOND PREMIUM INCOME TO THE CONSTANT YIELD METHOD

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide a method for determining how to 
include bond premium into income. The method is the constant yield 
method.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-70-88.
Drafting attorney: William Cejudo (202) 622-3940.
Drafting attorney: Jeffrey Maddrey (202) 622-3920.
Reviewing attorney: Andrew Kittler (202) 622-3940.
Reviewing attorney: Bernita Thigpen (202) 622-3920.

Agency Contact: William Cejudo, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3920

RIN: 1545-AL92
_______________________________________________________________________

2900. LOANS TREATED AS DISTRIBUTIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 72

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on the application of 
rules for determining the income tax treatment to be accorded loans to 
participants or beneficiaries from qualified employer plans. The loan 
rules are provided in section 72(p) of the Internal Revenue Code of 
1986.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-106-82.
Drafting attorney: Vernon S. Carter (202) 622-6070.
Reviewing attorney: Michael Thrasher (202) 622-6000.

Agency Contact: Vernon S. Carter, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-6070

RIN: 1545-AE41
_______________________________________________________________________

2901. SECTION 79, TABLE I, UPDATE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 79

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will update the table used to 
determine the cost amount of group-term life insurance to be included 
in gross income.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-82-89.
Drafting attorney: Betty Clary (202) 622-6070.
Reviewing attorney: James Brokaw (202) 622-6070.

Agency Contact: Betty Clary, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-6070

RIN: 1545-AN54
_______________________________________________________________________

2902. PERSONAL INJURY DAMAGES

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations would provide guidance to taxpayers 
with regard to what types of compensation are excluded from gross 
income under section 104(a)(2) as damages received on account of 
personal injuries or sickness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-13-95
Drafting attorney: Sheldon Iskow (202) 622-4920.
Reviewing attorney: Mike Montemurro (202) 622-4920.

Agency Contact: Sheldon Iskow, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4920

RIN: 1545-AT29
_______________________________________________________________________

2903. CONTINUATION COVERAGE REQUIREMENTS OF GROUP HEALTH PLANS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 106(b); 26 USC 162(i)(2); 26 USC 
162(k); 26 USC 4980B

CFR Citation:  26 CFR 1; 26 CFR 54

Legal Deadline: None

Abstract: These regulations will provide guidance relating to the 
requirement that a group health plan provide continuation coverage to 
individuals who would otherwise lose coverage as a result of certain 
events.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/15/87                    52 FR 22716
NPRM Comment Period End         08/14/87                    52 FR 22716
Hearing                         11/04/87
Second NPRM                     06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-143-86.
Drafting attorney: Russell Weinheimer (202) 622-6060.
Review attorney: Mark Schwimmer (202) 622-6060.
Treasury attorney: Mark Hamelburg (202) 622-1341.

Agency Contact: Russell Weinheimer, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-AI93
_______________________________________________________________________

2904. CHANGES IN USE UNDER SECTION 168(I)(5)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 168

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules relating to the treatment 
of changes in use of property subject to section 168, as amended by the 
Tax Reform Act of 1986.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-86-86.
Drafting attorney: Kathleen Reed (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.

Agency Contact: Kathleen Reed, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3110

RIN: 1545-AJ38
_______________________________________________________________________

2905. DEDUCTIBILITY, SUBSTANTIATION, AND DISCLOSURE OF CERTAIN 
CHARITABLE CONTRIBUTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 170(f)(8)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations provide guidance regarding the 
allowance of certain charitable contribution deductions, the 
substantiation requirements for charitable contributions of $250 or 
more, and the disclosure requirements for quid pro quo contributions in 
excess $75.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/04/95                    60 FR 39896
Hearing                         11/01/95                    60 FR 39896
Final Action                    09/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-44-94
Drafting attorney: Jefferson K. Fox (202) 622-4930.
Reviewing attorney: Karin Gross (202) 622-4930.
Treasury attorney: Catherine Livingston (202) 622-1343.

Agency Contact: Jefferson K. Fox, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4930

RIN: 1545-AS95
_______________________________________________________________________

2906. DETERMINATION OF SECTION 30 CREDIT AND SECTION 179A DEDUCTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 179A; 26 USC 30

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will assist taxpayers in determining 
what costs are eligible for the section 30 credit and for the section 
179A deduction and how to compute this credit and this deduction.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           06/09/93                    58 FR 32317
NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-43-93
Drafting attorney: Winston Douglas (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.

Agency Contact: Winston Douglas, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3110

RIN: 1545-AR66
_______________________________________________________________________

2907. RULES FOR FARMERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 263A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The rules provide general rules regarding the application of 
the uniform capitalization rules to taxpayers engaged in farming.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-65-91.
Drafting attorney: Jan Skelton (202) 622-4970.
Reviewing attorney: Don Barnes (202) 622-4970.

Agency Contact: Jan Skelton, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-4970

RIN: 1545-AQ91
_______________________________________________________________________

2908. PRODUCTION OF CREATIVE PROPERTY

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 263A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The rules provide general rules regarding the application of 
the uniform capitalization rules to creative properties.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-66-91.
Drafting attorney: Jan Skelton (202) 622-4970.
Reviewing attorney: Don Barnes (202) 622-4970.

Agency Contact: Jan Skelton, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-4970

RIN: 1545-AQ92
_______________________________________________________________________

2909. FOREIGN TAXPAYERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 263A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These rules provide guidance regarding the application of the 
uniform capitalization rules to foreign taxpayers.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           03/30/87                    52 FR 10118
ANPRM Comment Period End        05/29/87                    52 FR 10118
Hearing                         12/08/87
NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-67-91.
Drafting attorney: Jeffery G. Michell (202) 622-4970.
Reviewing attorney: Don Barnes (202) 622-4970.

Agency Contact: Jeffery G. Mitchell, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-AQ93
_______________________________________________________________________

2910. METHOD CHANGE RULES FOR THE UNIFORM CAPITALIZATION RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 263A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These rules provide guidance regarding the method change 
requirement of section 263A.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           03/30/87                    52 FR 10118
ANPRM Comment Period End        05/29/87                    52 FR 10118
Hearing                         12/08/87
NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-68-91.
Drafting attorney: Cheryl L. Oseekey (202) 622-4970.
Reviewing attorney: Don Barnes (202) 622-4970.

Agency Contact: Cheryl L. Oseekey, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-AQ94
_______________________________________________________________________

2911.  RECEIPT THRESHOLD FOR TRAVELING EXPENSES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will amend existing regulations section 
1.274-5T(c)(2)(iii) to adjust threshold for substantiating traveling 
expenses by receipt or other documentary evidence.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-36-95
Drafting attorney: G. Channing Horton (202) 622-4920.
Reviewing attorney: George B. Baker (202) 622-4920.

Agency Contact: G. Channing Horton, Attorney-Advisor (Tax), Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AT84
_______________________________________________________________________

2912. DEMOLITION OF STRUCTURES DEFINITIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 280B

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will provide definitions of the terms 
``structure'' and ``loss sustained on account of demolition'' for 
purposes of section 280B of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-39-93
Drafting attorney: Bernard Harvey (202) 622-3110.
Reviewing attorney: Peter Friedman (202) 622-3110.

Agency Contact: Bernard Harvey, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3110
Fax: 202 622-4524

RIN: 1545-AR63
_______________________________________________________________________

2913. CORPORATE INVERSION TRANSACTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 337(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Treatment of corporate inversion transaction where subsidiary 
issues disproportionate number of new shares (shares with a value in 
excess of the value of the parent stock received by the subsidiary) to 
the shareholder of the inverted parent, thereby diluting the parent 
corporation's pre-inversion value.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: CO-35-94
Drafting attorney: Kirsten L. Simpson (202) 622-7790.
Reviewing attorney: Ken Cohen (202) 622-7790.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Kirsten L. Simpson, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-7790

RIN: 1545-AS91
_______________________________________________________________________

2914.  SECTION 351E: DIVERSIFICATION

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  26 USC 7805; 26 USC 351(e)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Determination of when transfers of stocks and securities do 
not result in diversification.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/10/95                    60 FR 40794
NPRM Comment Period End         11/08/95                    60 FR 40794
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-19-95.
Drafting attorney: Andrew M. Eisenberg (202) 622-7790.
Reviewing attorney: John N. Geracimos (202) 622-7790.
Treasury attorney: David Weisbach (202) 622-1129

Agency Contact: Andrew M. Eisenberg, Attorney/Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7790
Fax: 202 622-6834

RIN: 1545-AT43
_______________________________________________________________________

2915. FRINGE BENEFIT SOURCING UNDER SECTION 861

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 861

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the clarification that an 
allocation of income of an individual for the performance of services 
both within and without the United States is appropriately made only on 
the time basis.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-107-90.
Drafting attorney: Robert W. Lorence (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Robert W. Lorence, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AO72
_______________________________________________________________________

2916. SECTION 361 OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN 
CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 367

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The income tax regulations under section 367(a) will be 
amended to reflect the changes made to that section by the Technical 
and Miscellaneous Corrections Act of 1988. Section 367(a)(5) now 
provides that a transfer of assets to a foreign corporation in an 
exchange described in section 361 is subject to section 367(a)(1) 
unless certain ownership requirements and other conditions are met. The 
regulations will provide guidance regarding the application of this 
section. The change in the statute was necessitated by the repeal of 
``General Utilities.''

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-089-89.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard T. Bress (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Philip Tretiak, Attorney-Adviser, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AM97
_______________________________________________________________________

2917.  CERTAIN OUTBOUND TRANSFERS OF DOMESTIC STOCK OR 
SECURITIES (CORPORATE INVERSIONS)

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 0367

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will incorporate the principles of Notice 94-
46 into the Internal Revenue Code. This regulation will provide rules 
governing the transfer of domestic stock or securities to a foreign 
corporation under section 367(a).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-009-95.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.

Agency Contact: Philip Tretiak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AT42
_______________________________________________________________________

2918.  CARRYOVERS OF METHODS OF ACCOUNTING

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance to taxpayers with respect 
to carryovers of methods of accounting in certain corporate 
acquisitions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-013-93
Drafting attorney: Grant Gabriel (202) 622-4970.
Reviewing attorney: Tom Luxner (202) 622-4970.

Agency Contact: Grant Gabriel, Attorney-Adviser (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Contitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-AT38
_______________________________________________________________________

2919. NONDISCRIMINATION AND OTHER RULES APPLICABLE TO SECTION 
403(B) ANNUITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 403(b)(12); 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance regarding the 
nondiscrimination and other rules applicable to tax-sheltered section 
403(b) annuities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-163-86.
Drafting attorney: Richard M. Lent (202) 622-6030.
Reviewing attorney: Nancy Marks (202) 622-6000.

Agency Contact: Richard M. Lent, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6030

RIN: 1545-AI90
_______________________________________________________________________

2920.  ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND 
EMPLOYEE CONTRIBUTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Modification of Reg. Section 1.411(c)-1 to reflect GATT 
provisions affecting the allocation of accrued benefits between 
employer and employee contributions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-35-95
Drafting attorney: Janet Laufer (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.

Agency Contact: Janet Laufer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6060
Fax: 202 622-4617

RIN: 1545-AT82
_______________________________________________________________________

2921. DISCLOSURE GUIDELINES FOR QJSA WAIVER

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance on information 
required to be disclosed on spousal consent forms waiving rights to a 
QJSA.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-100-91.
Drafting attorney: Terri Harris (202) 622-6070.
Reviewing attorney: Nancy Marks (202) 622-6070.

Agency Contact: Terri Harris, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6070

RIN: 1545-AQ36
_______________________________________________________________________

2922. TREATMENT OF FUNDED WELFARE BENEFIT PLANS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 419; 26 USC 419A; 26 USC 1239 (d); 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance concerning the 
treatment of contributions made by an employer to a welfare benefit 
plan.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-66-84.
Drafting attorney: Janet Laufer (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.

Agency Contact: Janet Laufer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6060

RIN: 1545-AG14
_______________________________________________________________________

2923. HYBRID INSTRUMENTS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 446

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides accounting rules for hybrid financial 
instruments that contain a significant debt component. The regulation 
provides accounting rules for hybrid financial instruments that contain 
a significant debt component.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-70-92.
Drafting attorney: Alan Munro (202) 622-3950.
Reviewing attorney: Alice Bennett (202) 622-3950.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Alan Munro, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3950

RIN: 1545-AR13
_______________________________________________________________________

2924. INSTALLMENT OBLIGATIONS RECEIVED FROM LIQUIDATING 
CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 453

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal would provide rules for reporting gain in respect of 
installment obligations received as liquidating distributions from 
corporations under a plan of complete liquidation. Additionally 
includes rules regarding the allocation of consideration received in a 
multiple asset sale if a disposition of any one of the properties would 
qualify for installment sale treatment.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/13/84                     49 FR 1742
NPRM Comment Period End         03/16/84                     49 FR 1742
NPRM                            12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-38-95.
Drafting attorney: George Wright (202) 622-4950.
Reviewing attorney: Doug Fahey (202) 622-4950.
Treasury attorney: P. Val Strehlow (202) 622-0869.

Agency Contact: George Wright, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4950

RIN: 1545-AB43
_______________________________________________________________________

2925. DEFINITION OF A LONG-TERM CONTRACT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 460(h)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the definition of a ``long-term 
contract'' for purposes of IRC section 460. This definition is 
necessary for taxpayers to determine whether their activities must be 
accounted for under IRC section 460 in determining their taxable 
income.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-58-91.
Drafting attorney: Leo F. Nolan II (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.

Agency Contact: Leo F. Nolan II, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-AQ30
_______________________________________________________________________

2926. ESCROW FUNDS AND OTHER SIMILAR FUNDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Further guidance relating to certain escrow funds and other 
similar funds.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-017-93
Drafting attorney: Michael L. Gompertz (202) 622-4910.
Reviewing attorney: Debra Carlisle (202) 622-4910.

Agency Contact: Michael L. Gompertz, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-AR82
_______________________________________________________________________

2927.  DEFINITION OF AN ITEM FOR LIFO

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance to taxpayers with 
respect to the definition of an ``item'' for purposes of LIFO 
computations and the LIFO inventory price index methods.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-014-93
Drafting Attorney: Grant Gabriel (202) 622-4970.
Reviewing Attorney: Don Barnes (202) 622-4970.

Agency Contact: Grant Gabriel, Attorney-Advisor (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-AT39
_______________________________________________________________________

2928. INTERCOMPANY TRANSFER PRICING FOR SERVICES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the transfer pricing of services 
between related parties.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-051-92.
Drafting attorney: Sim S. Seo (202) 622-3870.
Reviewing attorney: George Sellinger (202) 874-1490.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: Sim S. Seo, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AR32
_______________________________________________________________________

2929. MERGER OR DIVISION OF COMMON TRUST FUNDS--SECTION 584

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 584

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Amendment of section 1.584-4 of the regulations relating to 
the diversification requirement for mergers or divisions of common 
trust funds.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/10/95                    60 FR 40796
NPRM Comment Period End         11/18/95                    60 FR 40796
Final Action                    06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-29-92.
Drafting attorney: H. Grace Kim (202) 622-3060.
Reviewing attorney: Arthur H. Ernst (202) 622-3060.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Brian J. O'Connor, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AQ64
_______________________________________________________________________

2930. INCOME TAXATION OF TRUSTS AND ESTATES

Priority:  Other Significant

Legal Authority:  26 USC 672; 26 USC 673

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules regarding taxation of 
certain grantor trusts.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-108-86.
Drafting attorney: James Quinn (202) 622-3060.
Reviewing attorney: Grace Kim (202) 622-3060.

Agency Contact: James Quinn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AJ20
_______________________________________________________________________

2931. PARTNERSHIP DISTRIBUTIONS OF MARKETABLE SECURITIES

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 731(c)(7)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Partnerships distributions of marketable securities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-2-95.
Drafting attorney: William Kostak (202) 622-3080.
Reviewing attorney: William O'Shea (202) 622-3070.

Agency Contact: William M. Kostak, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3080

RIN: 1545-AT19
_______________________________________________________________________

2932. PAYMENTS TO A RETIRING PARTNER OR A DECEASED PARTNER'S 
SUCCESSOR IN INTEREST

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 0736; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance for the treatment under 
section 736(b)(3) of certain payments to a retiring partner or to a 
deceased partner's successor in interest.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-17-95
Drafting attorney: Terri A. Belanger (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.

Agency Contact: Terri A. Belanger, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3080

RIN: 1545-AT31
_______________________________________________________________________

2933. ADJUSTMENTS FOLLOWING SALES OF PARTNERSHIP INTERESTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 743; 26 USC 751; 26 USC 755

CFR Citation:  26 CFR 743; 26 CFR 751; 26 CFR 755

Legal Deadline: None

Abstract: The regulations provide guidance with respect to adjustments 
relating to book/tax disparities when partnership interests are sold.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Federal

Additional Information: PS-002-94
Drafting attorney: Brian M. Blum (202) 622-3050.
Reviewing attorney: David R. Haglund (202) 622-3050.

Agency Contact: Brian M. Blum, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3050

RIN: 1545-AS39
_______________________________________________________________________

2934. REMIC REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 860E; 26 USC 860G

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will provide guidance to REMICS and 
to their investors concerning the operation, formation, and taxation of 
the entity and the investors.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-31-93
Drafting attorney: William P. Cejudo (202) 622-3920.
Reviewing attorney: Marshall Feiring (202) 622-3960.
Treasury attorney: P. Val Strehlow (202) 622-0869.

Agency Contact: William P. Cejudo, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3920

RIN: 1545-AR88
_______________________________________________________________________

2935. RECOMPUTATION OF ALLOCATION AND APPORTIONMENT OF DEDUCTION 
FOR STATE INCOME TAXES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 861; 26 USC 862; 26 USC 863

CFR Citation:  26 CFR 1.861-8

Legal Deadline: None

Abstract: These regulations will address acceptable methods of 
recomputing allocation and apportionment of deduction for state income 
taxes after recomputation of state tax liability.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-009-91.
Drafting attorney: David F. Chan (202) 622-3820.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Carol Doran-Klein (202) 622-7262.

Agency Contact: David F. Chan, Legislative Assistant, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3820
Fax: 202 622-4476

RIN: 1545-AP86
_______________________________________________________________________

2936. TRANSPORTATION INCOME SOURCE RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 863

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to the source 
of income attributable to transportation which begins or ends in the 
United States.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-947-86.
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: David Sutherland (202) 622-1754.

Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AJ68
_______________________________________________________________________

2937. SOURCING RULE APPLICABLE TO CERTAIN INSURANCE INCOME

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will source insurance product income 
comprising amounts paid or credited to foreign policy holders of 
qualified and failed insurance annuity contracts sold by US insurance 
companies through foreign branches.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-0093-91.
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Mary Gillmarten, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AQ37
_______________________________________________________________________

2938.  SECTION 863 REGULATIONS

Priority:  Other Significant

Legal Authority:  26 USC 0863

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To amend regulations under section 863 governing the source 
of income for property produced in one jurisdiction and sold in 
another.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IL-003-95
Drafting attorney: Anne Shelburne (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Anne Shelburne, Attorney-Adviser, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AT40
_______________________________________________________________________

2939. TIERED PARTNERSHIP RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will address whether a foreign partner in a 
tiered partnership arrangement is engaged in a trade or business in the 
United States by virtue of membership in that tiered partnership where 
the second tier partnership meets the requirements of being in U.S. 
trade or business.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-063-90.
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AO26
_______________________________________________________________________

2940. INTEGRATED FINANCIAL TRANSACTION

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 864(e)

CFR Citation:  26 CFR 1.861-10(c)

Legal Deadline: None

Abstract: The regulation addresses whether matched book sale and 
repurchase transactions conducted by securities dealers qualify as 
integrated financial transactions under section 1.861-10(c).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-001-93.
Drafting attorney: Karl T. Walli (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Karl T. Walli, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AR20
_______________________________________________________________________

2941. SOURCE RULES FOR PERSONAL PROPERTY SALES

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 865

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules for determining the source 
of income from sales of personal property. The regulation will set 
forth rules for sales by U.S. residents and non-residents and specify 
special rules for depreciable personal property, intangibles, sales 
connected with an office or other fixed place of business, and sales of 
a foreign affiliate by a U.S. corporation.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-946-86.
Drafting attorney: Carol P. Tello (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Carol P. Tello, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AJ83
_______________________________________________________________________

2942.  DETERMINATION OF SOURCE OF LOSS RESULTING FROM SALE 
OF STOCK - SECTION 865

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 0865

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will provide rules for determining 
the source of loss realized on the sale of stock.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: IL-004-95
Drafting Attorney: Seth Goldstein (202) 622-3850.
Reviewing Attorney: Barbara Felker (202) 622-3850.
Treasury Attorney: Carol Doran-Klein (202) 622-1762.

Agency Contact: Seth Goldstein, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washingtion, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AT41
_______________________________________________________________________

2943. INCOME TAX--RECIPROCAL EXEMPTIONS FOR CERTAIN TRANSPORTATION 
INCOME

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 883; 26 USC 872

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation would provide rules with respect to whether a 
foreign country will be considered to grant a reciprocal Aircraft/
Shipping exemption to U.S. corporations for purposes of section 883 of 
the Code, or to U.S. citizens for purposes of section 872 of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-948-86.
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: David Sutherland (202) 622-1754.

Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AJ57
_______________________________________________________________________

2944. BANK EXCLUSION FROM PORTFOLIO INTEREST

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 881

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Exception to 30 percent withholding on portfolio interest 
does not apply to banks. This regulation will address what a bank is 
for purposes of section 881(c)(3)(A).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-080-91.
Drafting attorney: Leslie B. Van Der Wal (202) 622-3850.
Reviewing attorney: Unassigned.
Treasury attorney: Unassigned.

Agency Contact: Leslie B. Van Der Wal, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AQ39
_______________________________________________________________________

2945. CLARIFICATION OF SECTION 883(C) PUBLICLY TRADED EXCEPTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 883

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation would clarify the rules regarding the 
publicly traded exception to section 883(c)(1) of the code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-0048-93
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Steven A. Musher (202) 622-3840.
Treasury attorney: David Sutherland (202) 622-1754.

Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AR77
_______________________________________________________________________

2946. FINAL REGULATIONS UNDER SECTION 1.884-2

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 884

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will finalize temporary regulations that 
provide special rules for termination or incorporation of a U.S. trade 
or business or liquidation or reorganization of a foreign corporation 
or its domestic subsidiary.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-027-92.
Drafting attorney: Sharon Bomgardner (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Sharon Bomgardner, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AQ73
_______________________________________________________________________

2947. INCOME TAX--PARTNERSHIP RULES REGARDING TAXATION OF FOREIGN 
INVESTMENT IN UNITED STATES REAL PROPERTY INTERESTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 897(g); 26 USC 897(e)(2); 26 USC 
1445(e)(5)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To provide rules for foreign partners disposing of an 
interest in a partnership holding United States real property 
interests, to determine the amount of gain or loss from such 
disposition for purposes of section 897(a).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-384-88.
Drafting attorney: Robert Lorence (202) 622-3880.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Robert Lorence, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AL77
_______________________________________________________________________

2948. FIRPTA CLEANUP

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 897; 26 USC 1445

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Reporting requirements for 5 percent shareholders; equity 
kickers; establish securities market definition; other related issues.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-785-87.
Drafting attorney: Gwendolyn A. Stanley (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Gwendolyn A. Stanley, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AJ72
_______________________________________________________________________

2949. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 1203 of the Tax Reform Act of 1986 amends section 
904(f) by adding paragraph (5) at the end thereof which requires that 
foreign source losses with respect to any income category first offset 
a taxpayer's other foreign source income before such losses offset the 
taxpayer's U.S. source income. The regulation will provide rules for 
the allocation of foreign source losses.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-338-89.
Drafting attorney: Willard W. Yates (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.

Agency Contact: Willard W. Yates, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AM11
_______________________________________________________________________

2950. EXCLUSION OF POSSESSION SOURCE INCOME FROM GROSS INCOME OF 
CERTAIN INDIVIDUALS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document contains temporary Income Tax Regulations 
relating to the determination of bona fide residency of individuals of 
the U.S. Virgin Islands.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-069-93.
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: George Sellinger (202) 874-1490.
Treasury attorney: Unassigned.

Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite 
3319, Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AS42
_______________________________________________________________________

2951. COORDINATION OF U.S. AND VIRGIN ISLANDS INCOME TAXES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 932; 26 USC 931

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document contains temporary Income Tax Regulations 
relating to the determination of bona fide residency of individuals of 
American Samoa, the Northern Mariana Islands, Guam and the Virgin 
Islands. This action is necessary because changes to the applicable tax 
law were made by the Tax Reform Act of 1986.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-070-93
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490
Treasury attorney: Unassigned.

Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite 
3319, Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AS41
_______________________________________________________________________

2952. OBRA 1993 SECTION 936 REG

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 936(a)(4)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will prescribe rules for electing the 60% 
wage limitation on the section 936 credit for computing the limitation, 
and will prescribe rules for electing affiliated group status as well 
as rules to prevent tax avoidance using such affiliated status.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-073-93
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: unassigned (202) 622-1950.

Agency Contact: Mary Gillmarten, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AS43
_______________________________________________________________________

2953. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 953(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide substantive and procedural rules 
regarding the election under section 953(d) to treat certain controlled 
foreign corporations engaged in the insurance business as domestic 
corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-765-89.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AO25
_______________________________________________________________________

2954. SUBPART F SHIPPING AMENDMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will address statutory changes under the Tax 
Reform Act of 1986, with respect to foreign base company shipping 
income and amounts invested in and withdrawn from foreign base company 
shipping operations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-654-88.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis Marcus (202) 622-3840.
Treasury attorney: Unassigned.

Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AM46
_______________________________________________________________________

2955. EARNINGS INVESTED IN EXCESS PASSIVE ASSETS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 956A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance on the treatment of 
earnings in excess passive assets.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-067-93.
Drafting attorney: Kristine K. Schlaman (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Patricia Brown (202) 622-1781.

Agency Contact: Kristine K. Schlaman, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AS47
_______________________________________________________________________

2956.  COORDINATION OF PRE-1987 DEEMED PAID TAXES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will state cooordination rules for computing 
deemed paid taxes on distributions and deemed distributions of foreign 
corporations' earnings and profits from the same pre-1987 year.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IL-037-95
Drafting attorney: Irwin Halpern (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Carol Doran Klein (202) 622-1762.

Agency Contact: Irwin Halpern, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AT85
_______________________________________________________________________

2957. DETERMINATION OF FOREIGN TAXES AND FOREIGN CORPORATIONS' 
EARNINGS AND PROFITS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 986

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules for translating foreign 
earnings and profits and taxes into dollars, as well as timing and 
computation rules relating to the taxation of exchange gain or loss on 
previously taxed income that is distributed through a chain of 
controlled foreign corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-107-89.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Jacob Feldman, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AN37
_______________________________________________________________________

2958. STOCK REDEMPTION INCIDENT TO DIVORCE

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance regarding whether 
transfers of property to third parties on behalf of a spouse or former 
spouse qualify for section 1041 no-gain treatment.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-011-95
Drafting Attorney: Susie Bird (202) 622-4960.
Reviewing Attorney: William A. Jackson (202) 622-4960.

Agency Contact: Susie Bird, Attorney-Adviser (Tax), Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AT24
_______________________________________________________________________

2959. AMENDMENT OF REGULATIONS UNDER IRC SECTION 1059A

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will amend the regulations under section 
1059A to reflect changes in the section 482 regulations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-009-94.
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: Unassigned.

Agency Contact: W. Edward Williams, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., 
Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AS89
_______________________________________________________________________

2960. PARTNERSHIPS AND DEPRECIATION RECAPTURE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on how partnerships 
shall allocate depreciation recapture income.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-15-95
Drafting attorney: Deborah A. Harrington (202) 622-3050.
Reviewing attorney: Claire E. Toth (202) 622-3050.
Treasury attorney: John Rooney (202) 622-1335.

Agency Contact: Deborah A. Harrington, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-AT32
_______________________________________________________________________

2961. SECTION 1248 - GAIN FROM SALE OR EXCHANGE OF STOCK IN FOREIGN 
CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1248; 26 USC 751

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would amend existing regulations with respect 
to the section 1248 amount attributable to stock of lower tier 
subsidiaries and stock in less developed country corporations. The 
regulations would also provide rules for determining the section 1248 
amount due to certain dispositions on which gain is not recognized. The 
regulations would also expand the foreign tax credit available with 
respect to the section 1248 amount attributable to third-tier 
subsidiaries.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-42-86.
Drafting attorney: Unassigned.
Reviewing attorney: Elizabeth Karzon (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Charles P. Besecky, Branch Chief, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AC31
_______________________________________________________________________

2962. GAINS FROM CERTAIN SALES OR EXCHANGES IN CERTAIN FOREIGN 
CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations that amend the regulations under 
section 1248 to partially suspend the application of section 1248(e) 
and to limit the application of section 1248(f) to those situations in 
which gain is not required.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-039-87.
Drafting attorney: David F. Bergkuist (202) 622-3860.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Unassigned.

Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AL89
_______________________________________________________________________

2963. INCOME TAX--GAIN FROM DISPOSITION OF INTEREST IN OIL, GAS, 
GEOTHERMAL, OR OTHER MINERAL PROPERTIES BY S CORPORATIONS AND THEIR 
SHAREHOLDERS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 1254; 26 USC 751

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will determine the tax treatment by S 
corporations and their shareholders from the disposition of certain 
oil, gas, geothermal, or other mineral properties. Gain subject to 
recapture under section 1254 will be accorded ordinary income 
treatment. The regulations also will determine the tax treatment of 
sales of shares of stock in an S corporation that holds oil, gas, 
geothermal, or other mineral properties.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-7-89.
Drafting attorney: James A. Quinn (202) 622-3060.
Reviewing attorney: Arthur H. Ernst (202) 622-6060.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: James A. Quinn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AM98
_______________________________________________________________________

2964. DISPOSITION GAIN REPRESENTING ACCRUED MARKET DISCOUNT TREATED 
AS ORDINARY INCOME; DEFERRAL OF INTEREST DEDUCTION ALLOCABLE TO ACCRUED 
MARKET DISCOUNT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1276; 26 USC 1278

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to the 
treatment of gain realized on the disposition of any Market Discount 
Bond as ordinary income. These regulations will also prescribe the 
extent to which a deduction for interest allocable to accrued market 
discount is deferred.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: FI-21-85.
Drafting attorney: William Cejudo (202) 622-3920.
Drafting attorney: Jeffrey Maddrey (202) 622-3940.
Reviewing attorney: Bernita Thigpen (202) 622-3920.
Reviewing attorney: Andrew Kittler (202) 622-3940.
Treasury attorney: P. Val Strehlow (202) 622-0869.

Agency Contact: William Cejudo, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3920

RIN: 1545-AH82
_______________________________________________________________________

2965. QEF SHAREHOLDER ELECTION

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 1295

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will address QEF shareholder election as it 
applies to section 1295.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-579-88.
Drafting attorney: Joseph S. Henderson (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Joseph S. Henderson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AM41
_______________________________________________________________________

2966. INCOME TAX--DEFINITIONS AND SPECIAL RULES PERTAINING TO S 
CORPORATIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 1377

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations will define and interpret special rules contained 
in Section 1377 of the Code, including pro rata share, the election to 
terminate a year and post-termination period.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/12/95                    60 FR 35882
NPRM Comment Period End         10/10/95                    60 FR 35882
Final Action                    06/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-268-82.
Drafting attorney: Brian J. O'Connor (202) 622-3060.
Reviewing attorney: H. Grace Kim (202) 622-3060.
Treasury attorney: John Rooney (202) 622-1335.

Agency Contact: Brian J. O'Connor, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AE94
_______________________________________________________________________

2967. GENERAL REVISION OF SECTION 1441 REGULATIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: General revision of section 1441 withholding regulations to 
accommodate changes to the tax law since these rules were issued.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           04/25/90                    55 FR 17455
NPRM                            06/00/96

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: INTL-062-90.
Drafting attorney: Robert Lorence (202) 622-3880.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: Carol Doran Klein (202) 622-1762 and
Ann Fisher (202) 622-1755.

Agency Contact: Robert Lorence, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AO27
_______________________________________________________________________

2968. SECTION 1445 REGULATION REVISIONS DUE TO 1993 TAX ACT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The withholding rates in sections 1.1445-5 and 1.1445-8 need 
to be increased from 34% to 35% to reflect the amendment to sections 
1445(c)(1) and (e)(2).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-008-94
Drafting attorney: Gwendolyn Stanley (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Gwendolyn Stanley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AS51
_______________________________________________________________________

2969. REGULATIONS UNDER SECTIONS 1491, 1492, AND 1494

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1491; 26 USC 1492; 26 USC 1494

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The purpose of these regulations is to provide guidance to 
taxpayers regarding both the types of outbound property transfers that 
are subject to the tax imposed by section 1491 and the types of 
outbound property transfers that are exempt from the tax by reasons of 
section 1492.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: INTL-102-89.
Drafting attorney: Gwendolyn A. Stanley (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Gwendolyn A. Stanley, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AN39
_______________________________________________________________________

2970. SECTION 1.1502-47 REGULATIONS--SUPPLEMENTAL

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on the proper 
computation of the foreign tax credit limitation amount for life/non-
life consolidated returns.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-025-93
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Mary Gillmarten, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AR89
_______________________________________________________________________

2971.  MEMBER STOCK TRANSACTIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The rules disallow loss and exclude gain for certain 
dispositions and other transactions involving stock of the common 
parent of a consolidated group. The rules prevent taxpayers from 
recognizing certain gains and losses on common parent stock that would 
not be recognized if a consolidated group were treated as a single 
entity.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/12/95                    60 FR 36755
NPRM Comment Period End         10/16/95                    60 FR 36755
Hearing                         11/16/95                    60 FR 36755
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-24-95.
Drafting attorney: David Kessler (202) 622-7770.
Reviewing attorney: Victor Penico (202) 622-7750.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Victor Penico, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7750
Fax: 202 622-6834

RIN: 1545-AT51
_______________________________________________________________________

2972. APPLICATIONS OF SECTION 1503(D) TO PARTNERSHIPS AND OTHER 
ITEMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Determination of when and how section 1503(d), treatment of 
dual consolidated losses, will apply to partnerships.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-037-92.
Drafting attorney: Joan M. Thomsen (202) 622-3840.
Reviewing attorney: Steven A. Musher (202) 622-3840.
Treasury attorney: Unassigned.

Agency Contact: Joan M. Thomsen, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AR26
_______________________________________________________________________

2973. SITUS OF PARTNERSHIP INTERESTS HELD BY A NONRESIDENT ALIEN 
FOR ESTATE TAX PURPOSES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 2104; 26 USC 2105

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: This regulation will determine the amount of partnership 
interests that will have a United States situs for estate tax purposes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-079-90.
Drafting attorney: Leslie A. Cracraft (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Leslie A. Cracraft, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AP07
_______________________________________________________________________

2974. TREATMENT OF CERTAIN DEFERRED COMPENSATION AND SALARY 
REDUCTION ARRANGEMENTS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 6302 (c)

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: Proposal would provide rules concerning the treatment of 
certain deferred compensation and salary reduction arrangements under 
section 3121 (v) and section 3306 (r) of the Internal Revenue Code of 
1954, thereby giving needed guidance to the public on how the Internal 
Revenue Service intends to interpret those sections of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-142-87.
Drafting attorney: David Pardys (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Elizabeth Buchbinder (202) 622-1352.

Agency Contact: David Pardys, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6040

RIN: 1545-AF97
_______________________________________________________________________

2975. LUXURY EXCISE TAX CHANGES UNDER OBRA 1993

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4003

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations implement the exemption from luxury tax for 
accessories for handicapped individuals and other matters.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: PS-75-93
Drafting attorney: Edward Madden (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Edward Madden, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AS34
_______________________________________________________________________

2976. DIESEL FUEL EXCISE TAX; DYE INJECTION SYSTEMS AND MARKERS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 4082

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: Diesel fuel excise tax;rules relating to the use of dye 
injection systems and markers.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-6-95.
Drafting attorney: Frank K. Boland (202) 622-3130.
Reviewing attorney: Richard A. Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Frank K. Boland, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AT18
_______________________________________________________________________

2977. EXCISE TAX ON AVIATION FUEL

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4091 to 4093

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: This regulation provides rules on aviation fuel taxes under 
the Revenue Act of 1987, the Technical and Miscellaneous Revenue Act of 
1988, and OBRA 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Businesses

Government Levels Affected: State, Local, Federal

Additional Information: PS-3-88.
Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Frank Boland, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AL43
_______________________________________________________________________

2978. CHEMICAL TAX UNDER SECTION 4461 AND IMPORTED SUBSTANCE TAX 
UNDER SECTION 4671

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4671; 26 USC 4661

CFR Citation:  26 CFR 52

Legal Deadline: None

Abstract: These proposed regulations relate to taxable chemicals and 
taxable imported substances.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-71-88.
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Jeff Nelson (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Ruth Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AL73
_______________________________________________________________________

2979. INFORMATION REPORTING AND RECORD MAINTENANCE UNDER SECTION 
6038C

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 7801; 26 USC 6038(c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation project will implement the directives of 
section 6038C.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-102-90.
Drafting attorney: Richard Hoge (202) 622-3870.
Reviewing attorney: Karl Walli (202) 622-3870.
Treasury attorney: Karl Walli (202) 622-6409.

Agency Contact: Richard C. Hoge, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AP10
_______________________________________________________________________

2980.  DISCLOSURE OF RETURNS AND RETURN INFORMATION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6103

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: This document amends existing regulation 26 CFR 301.6103(n)-1 
and would add officers and employees of the Justice Department having 
tax administration duties to those persons and agencies authorized to 
disclose returns and return information in connection with the 
procurement of property and services for tax administration purposes. 
Currently, such disclosures by the Justice Department are limited to 
the Tax Division.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: DL-040-95
Drafting attorney: Donald Squires (202) 622-4570.
Reviewing attorney: Joseph Urban (202) 622-4570.

Agency Contact: Donald Squires, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-4570

RIN: 1545-AT48
_______________________________________________________________________

2981. REVISION OF SECTION 6114 REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To revise the final regulations under section 6114 to require 
reporting for certain recipients of fixed or determinable annual or 
periodic income when no reporting is presently required.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-052-94.
Drafting attorney: David F. Bergkuist (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AT00
_______________________________________________________________________

2982. SELECTION OF TAX MATTERS PARTNER FOR LIMITED LIABILITY 
COMPANIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6230(i); 26 USC 6230(k); 26 USC 7805(a)

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide (1) who an LLC may designate as 
its tax matters partner for a specific taxable year, (2) how the 
designation is made and (3) how the designation is terminated.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Federal

Additional Information: PS-34-92
Drafting attorney: D. Lindsay Russell (202) 622-3050.
Reviewing attorney: Dianna K. Miosi (202) 622-3050.
Treasury attorney: John Rooney (202) 622-1335.

Agency Contact: D. Lindsay Russell, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-AS09
_______________________________________________________________________

2983. UPDATE OF LIST OF LEGAL HOLIDAYS FOR PURPOSES OF TIME FOR 
PERFORMANCE OF ACTS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These regulations will update existing regulations section 
301.7503-1 to include Dr. Martin Luther King, Jr.'s birthday in the 
table of holidays and to change the date of Veterans Day to November 
11.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-36-91
Drafting attorney: Judith Lintz (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.

Agency Contact: Judith A. Lintz, Attorney-Adviser (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AT22
_______________________________________________________________________

2984. EXTENSION OF STATUTE OF LIMITATIONS IN JOHN DOE SUMMONS 
DISPUTES

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Under the Tax Reform Act of 1986, statutes of limitations are 
suspended in certain cases in which there is no resolution of a third-
party recordkeeper's response to a summons. Section 7609(e)(2) was 
amended by the Technical and Miscellaneous Revenue Act of 1988 so that 
the suspension applies to all John Doe summonses, whether or not the 
summoned party is a third-party recordkeeper as defined in IRC section 
7609(a)(3). The new regulations will make changes to 26 CFR 301.7609 to 
conform with the 1986 and 1988 amendments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-723-88.
Drafting attorney: Jerome D. Sekula (202) 622-3640.
Reviewing attorney: Robert Miller (202) 622-3640.

Agency Contact: Jerome D. Sekula, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3640

RIN: 1545-AM67
_______________________________________________________________________

2985. SUSPENSION OF RUNNING OF PERIOD OF LIMITATIONS DURING 
PROCEEDING TO ENFORCE DESIGNATED SUMMONS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide guidance to taxpayers with 
regard to the changes made to section 6503 by the Omnibus Budget 
Reconciliation Act of 1990. Under those changes, the period of 
limitations for assessment with respect to a corporation is suspended 
when a court proceeding is instituted to enforce or quash a designated 
summons or related summons issued within 30 days of the issuance of the 
designated summons.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: GL-026-91.
Drafting attorney: Jerome D. Sekula (202) 622-3640.
Reviewing attorney: Robert A. Miller (202) 622-3640.

Agency Contact: Jerome D. Sekula, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3640

RIN: 1545-AQ01
_______________________________________________________________________

2986. TECHNICAL CORRECTIONS FOR CHAPTER 14

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 25

Legal Deadline: None

Abstract: The regulation relates to the special valuation rules of the 
Generation Skipping Transfer Tax under sections 2701, 2702, 2703 and 
2704 of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-8-93.
Drafting attorney: Dale Carlton (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: Dale Carlton, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3090

RIN: 1545-AR49
_______________________________________________________________________

2987. DISCLAIMER OF INTERESTS AND POWER

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 25

Legal Deadline: None

Abstract: These regulations contain amendments regarding the disclaimer 
of jointly owned property.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-002-91
Drafting attorney: Dale Carlton (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: Dale Carlton, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Ave. NW., Washington, DC 20224
Phone: 202 622-3090

RIN: 1545-AR52
_______________________________________________________________________

2988. AUTOMATIC EXTENSION OF TIME FOR FILING INDIVIDUAL TAX RETURNS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1.6081-4

Legal Deadline: None

Abstract: The regulating describes how individual taxpayers for taxable 
year beginning.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-41-93
Drafting Attorney: Margaret Owens (202) 622-4940.
Reviewing Attorney: Norlyn Miller (202) 622-4940.

Agency Contact: Margaret Owens, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AS04
_______________________________________________________________________

2989. AUTOMATIC EXTENSION OF TIME FOR FILING INDIVIDUAL TAX RETURNS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1.6081-4

Legal Deadline: None

Abstract: The regulation describes how individual taxpayer for taxable 
year beginning.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            06/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-41-93
Drafting attorney: Margaret Owens (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.

Agency Contact: Margaret Owens, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AS05
_______________________________________________________________________

2990. ARBITRAGE RESTRICTION ON TAX-EXEMPT BONDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 148(f); 26 USC 148(i); 26 USC 
149(d)(7); 26 USC 150

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project clarifies and revises certain provisions of the 
final arbitrage regulations published in June 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/10/94                    59 FR 24094
Hearing                         10/12/95                    60 FR 42819
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: State, Local

Additional Information: FI-7-94.
Drafting attorney: Loretta J. Finger (202) 622-3980.
Reviewing attorney: Michael G. Bailey (202) 622-3980.

Agency Contact: Loretta J. Finger, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-AS49
_______________________________________________________________________

2991. INTANGIBLE AMORTIZATION

Priority:  Other Significant

Legal Authority:  26 USC 7805; PL 103-66

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: An advance notice of proposed rulemaking invited written 
comments from the public on issues that the IRS may address in proposed 
regulations under section 197 and section 167, relating to the 
amortization of goodwill and certain other intangibles. This notice was 
intended to help develop guidance to assist taxpayers in applying the 
rules relating to section 197. Based on internal analysis of the 
written comments proposed regulations are now in development.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           06/24/94                    59 FR 32670
ANPRM Comment Period End        08/23/94
NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-29-94
Drafting attorney: John Huffman (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: John Huffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Consitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3110

RIN: 1545-AS77
_______________________________________________________________________

2992. REISSUANCE OF QUALIFIED TENDER BONDS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1.150

Legal Deadline: None

Abstract: The proposed regulations provide rules for determining 
whether certain events will cause ``qualified tender bonds'' to be 
treated as retired and reissued for purposes of applying sections 103, 
141-150, 1394, and 7871 and whether banks have acquired tax exempt 
bonds under section 265.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Additional Information: FI-58-94.
Drafting attorney: Nancy Lashnits (202) 622-3980.
Reviewing attorney: Lon Smith (202) 622-3980.

Agency Contact: Nancy Lashnits, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington DC 
20224
Phone: 202 622-3980

RIN: 1545-AT09
_______________________________________________________________________

2993.  PASS THROUGH ITEMS OF S CORPORATION TO ITS 
SHAREHOLDERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation deals with the pass through of items of an S 
corporation to its shareholders, the character of those items, and the 
basis limitation on losses and deductions taken into account by the 
shareholders.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: PS-261-82
Drafting attorney: Deane Burke (202) 622-3080.
Reviewing attorney: Donna Young (202) 622-3080.
Treasury attorney: Seth Green (202) 622-0865.

Agency Contact: Deane M. Burke, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service
Phone: 202 622-3080

RIN: 1545-AT52
_______________________________________________________________________

2994.  TREATMENT OF UNDERWRITERS IN SECTION 351 AND SECTION 
721

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 351; 26 USC 721

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to underwriters who will be ignored 
for purposes of section 351 and section 721.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/10/95                    60 FR 40792
NPRM Comment Period End         11/18/95                    60 FR 40792
Hearing                         01/17/96                    60 FR 40792
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-26-95.
Drafting attorney: Susan Edlavitch (202) 622-7750.
Drafting attorney: Brian O'Connor (202) 622-3060.
Reviewing attorney: Nelson Crouch (202) 622-7750.

Agency Contact: Susan T. Edlavitch, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7750

RIN: 1545-AT55
_______________________________________________________________________

2995.  EXCISE TAX ON HEAVY TRUCKS, TRUCK TRAILERS AND 
SEMITRAILERS, AND TRACTORS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations relate to the retailers excise tax on 
certain heavy vehicles.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-17-86
Drafting attorney: Edward Madden (202) 622-3130.
Reviewing attorney: Jeffrey Nelson (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Edward Madden, Department of the Treasury, Internal 
Revenue Service
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AT63
_______________________________________________________________________

2996.  TIMING OF NOTICE AND CONSENT REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide relief to employers on timing of notice and consent 
requirements under sections 411(a) and 417.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-24-93
Drafting attorney: Judith E. Alden (202) 622-6030.

Agency Contact: Judith Alden, Department of the Treasury, Internal 
Revenue Service
Phone: 202 622-6030

RIN: 1545-AT75
_______________________________________________________________________

2997.  EFFECTIVE DATE OF TEMPORARY BACKUP WITHHOLDING 
REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 31; 26 CFR 35a

Legal Deadline: None

Abstract: To provide effective date for temporary regulations on backup 
withholding.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: IA-33-95
Drafting attorney: Renay France (202) 622-4910.
Reviewing attorney: John Coulter (202) 622-4910.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Renay France, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-4910

RIN: 1545-AT77
_______________________________________________________________________

2998.  ERISA SEC. 204(H) NOTICE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 2

Legal Deadline: None

Abstract: The regulations provide guidance on the requirement of 
section 204(h) of ERISA that advance notice be given to qualified plan 
participants of an amendment that provides for a significant reduction 
in the rate of future benefit accruals.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: EE-34-95
Drafting attorney: Betty Clary (202) 622-6070.
Reviewing attorney: Alan Tawshunsky (202) 622-6070.

Agency Contact: Betty Clary, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6070

RIN: 1545-AT78
_______________________________________________________________________

2999.  ERISA SEC. 204(H) NOTICE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 2

Legal Deadline: None

Abstract: The regulations provide guidance on the requirement of 
section 204(h) of ERISA that advance notice be given to qualified plan 
participants of an amendment that provides for a significant reduction 
in the rate of future benefit accruals.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            10/00/95

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: EE-34-95
Drafting attorney: Betty Clary (202) 622-6070.
Reviewing attorney: Alan Tawshunsky (202) 622-6070.

Agency Contact: Betty Clary, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6070

RIN: 1545-AT79
_______________________________________________________________________

3000. REGULATIONS ON INCOME TAX UNDER THE TAX REFORM ACT OF 1984, 
RELATING TO BELOW-MARKET LOANS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 7872

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance to taxpayers who enter 
into certain below-market interest rate loan transactions. The 
regulations explain what type of transactions are treated as loans and 
what type of loans are subject to the provisions of section 7872. If 
the loan is subject to section 7872, the below-market loan will be 
recharacterized as an arm's length market-interest rate loan coupled 
with a payment by the lender to the borrower in an amount generally 
equal to the amount of imputed interest. The regulations provide rules 
for determining the amount and the character of the imputed transfers.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/20/85                    50 FR 33553
NPRM Comment Period End         10/20/85                    50 FR 33553
Hearing                         01/09/86                    50 FR 46460
NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-165-84.
Drafting attorney: David B. Silber (202) 622-3930.
Reviewing attorney: William Coppersmith (202) 622-3930.

Agency Contact: David B. Silber, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3930

RIN: 1545-AH72
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Internal Revenue Service (IRS)
  
_______________________________________________________________________
  
3001. STATEMENT OF PROCEDURAL RULES--PART 601.702

Priority:  Other Significant

Legal Authority:  5 USC 552; 5 USC 301

CFR Citation:  26 CFR 601.702

Legal Deadline: None

Abstract: The document contains final rules amending the Statement of 
Procedural Rules (SPR) (26 CFR 601.702). Some amendments reflect 
procedures heretofore only made available to the public in the Internal 
Revenue Manual, which is maintained in Internal Revenue Service reading 
rooms. The SPR also reflects changes in the title and nomenclature and 
changes of addresses to be contacted for Freedom of Information 
requests. The rules affect persons requesting records from the Internal 
Revenue Service.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Statement of Procedural Rules   12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: DL-041-95
Drafting attorney: Margo L. Stevens (202) 622-4570.

Agency Contact: Margo L. Stevens, Attorney, Department of the Treasury, 
Internal Revenue Service
Phone: 202 622-4570

RIN: 1545-AR99
_______________________________________________________________________

3002. THE TREATMENT OF ACCELERATED DEATH BENEFITS UNDER SECTIONS 
101, 7702 AND 7702A OF THE INTERNAL REVENUE CODE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 101(a); 26 USC 7702; 26 USC 7702A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules regarding the exclusion of 
accelerated death benefits from gross income and the treatment of 
accelerated death benefits under section 7702 and 7702A of the Internal 
Revenue Code. The regulations also provide rules relating to the cash 
value taken into account in determining whether a contract qualifies as 
a life insurance contract for purposes of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/15/92                    57 FR 59319
NPRM Comment Period End         02/26/93                    57 FR 59324
Hearing                         03/19/93                    57 FR 59324
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-25-92.
Drafting attorney: Ann H. Logan (202) 622-3970.
Reviewing attorney: Stephen D. Hooe (202) 622-3970.
Treasury attorney: Beth Brooke (202) 622-1332

Agency Contact: Ann H. Logan, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3970

RIN: 1545-AQ70
_______________________________________________________________________

3003. DEFINITION OF ``PRIVATE ACTIVITY BOND'', ``QUALIFIED BOND''

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 141; 26 USC 142; 26 USC 145; 26 
USC 1344; 26 USC 148; 26 USC 150

CFR Citation:  26 CFR l

Legal Deadline: None

Abstract: This regulation provides a definition of the term ``private 
activity bond''.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/30/94                    59 FR 67658
NPRM Comment Period End         05/01/95                    59 FR 67658
Hearing                         06/08/95                    59 FR 67658
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Additional Information: FI-72-88.
Drafting Attorney: Loretta J. Finger (202) 622-3980.
Reviewing Attorney: Mike Bailey (202) 622-3980.

Agency Contact: Loretta J. Finger, Attorney/Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-AM01
_______________________________________________________________________

3004. MILLION-DOLLAR CAP ON DEDUCTION FOR EXECUTIVE COMPENSATION

Priority:  Other Significant

Legal Authority:  26 USC 162(m)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to the 
$1,000,000 deduction limit of section 162(m).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/20/93                    58 FR 66310
NPRM Comment Period End         02/18/94
NPRM                            12/02/94                    59 FR 61844
Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-61-93
Drafting attorneys: Charles Deliee and Robert Misner
(202)622-6060

Agency Contact: Robert Misner, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-6060

RIN: 1545-AS23
_______________________________________________________________________

3005. EARNINGS STRIPPING PAYMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation addresses the deductibility of interest under 
section 163 being limited when paid by a corporation to related persons 
not subject to U.S. tax.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/18/91                    56 FR 27907
Hearing                         09/25/91                    56 FR 27927
Final Action                    02/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-870-89.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: David Sutherland (202) 622-1754.

Agency Contact: Jacob Feldman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AO24
_______________________________________________________________________

3006. SECTION 165

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 165(f)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation project will finalize all outstanding 
proposed and temporary regulations under section 1.165-5.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/21/93                     58 FR 5316
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-115-90.
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Unassigned.

Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AP33
_______________________________________________________________________

3007. SUBSTANTIATION OF CONTRIBUTIONS MADE BY PAYROLL DEDUCTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 170

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provides guidance regarding the substantiation of charitable 
contributions made through payroll deduction in accordance with section 
13172 of the Omnibus Budget Reconciliation Act of 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/27/94                    59 FR 27515
Hearing                         11/10/94                    52 FR 27458
Final Action                    10/00/95

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: IA-74-93
Drafting Attorney: Jefferson K. Fox (202) 622-4930.
Reviewing Attorney: Karin Gross (202) 622-4930.

Agency Contact: Jefferson K. Fox, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4930

RIN: 1545-AS27
_______________________________________________________________________

3008. SELF-EMPLOYMENT TAX TREATMENT OF MEMBERS OF CERTAIN LIMITED 
LIABILITY COMPANIES

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation described the self-employment tax treatment 
of members of limited liability companies.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/29/94                    59 FR 67253
NPRM Comment Period End         03/29/95                     60 FR 7488
Final Action                    03/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: EE-45-94.
Drafting attorney: Marie Cashman (202) 622-6040.
Reviewing attorney: Jerry E. Holmes (202) 622-6040.
Treasury attorney: Mark Hamelburg (202) 622-1341.

Agency Contact: Marie Cashman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6040

RIN: 1545-AS94
_______________________________________________________________________

3009. GOLDEN PARACHUTE PAYMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 280G

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to restrictions 
on golden parachute payments. The regulations will provide guidance to 
taxpayers, who must comply with section 280G, by delineating the 
circumstances under which payments may be considered excess parachute 
payments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/05/89                    54 FR 19390
NPRM Comment Period End         07/05/89                    54 FR 19390
Hearing                         11/21/89                    54 FR 39548
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-30-90.
Drafting attorney: Robert Misner (202) 622-6060.

Agency Contact: Robert Misner, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-6060

RIN: 1545-AH49
_______________________________________________________________________

3010. TREATMENT OF PREMIUMS ON STOCK CALLABLE AT THE OPTION OF THE 
ISSUER

Priority:  Other Significant

Legal Authority:  26 USC 305(c)(1)

CFR Citation:  26 CFR 1.305-5(b)(1); 26 CFR 1.305-5(b)(2)

Legal Deadline: None

Abstract: In section 11322(a) of Pub. L. 101-508, Congress amended 
section 305(c) of the Code to modify the treatment of preferred stock 
issued with a redemption premium. The amendment to section 305(c) 
applies the economic accrual rules that are applicable to debt 
instruments issued with OID to certain preferred stock issued with a 
redemption premium if the stock will be redeemed, or it can reasonably 
be assumed that the stock will be redeemed, on a fixed date. The 
regulations under 305(c) will be amended to provide for the economic 
accrual, rather than the ratable inclusion, of redemption premiums, in 
accordance of OID principles.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/22/94                    59 FR 22160
NPRM Comment Period End         10/24/94                    59 FR 22160
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-008-91.
Drafting attorney: Kirsten L. Simpson (202) 622-7790.
Reviewing attorney: William Alexander (202) 622-7780.
Treasury attorney: Clarissa Potter (202) 622-0999.

Agency Contact: Kirsten L. Simpson, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-7790

RIN: 1545-AQ42
_______________________________________________________________________

3011. GUIDANCE IN NOTICE 89-37, WHICH TREATS THE RECEIPT OF A 
CORPORATE PARTNER'S STOCK BY THE CORPORATE PARTNER AS A CIRCUMVENTION OF 
GENERAL UTILITIES REPEAL

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 337(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will implement the guidance provided in Notice 
89-37, 1989-1 C.B. 679, on the treatment of the receipt of a 
corporation partner's stock by other corporation partner in exchange 
for appreciated property from the other corporation partner.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM Comment Period End         01/20/92                    57 FR 59327
NPRM                            12/15/92                    57 FR 59324
Final Action                    03/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: CO-91-90.
Drafting attorney: Brendan O'Hara (202) 622-7530.
Reviewing attorney: Vicki Hyche (202) 622-7530.

Agency Contact: Brendan O'Hara, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-7530

RIN: 1545-AP52
_______________________________________________________________________

3012. YOC HEATING

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  26 USC 7805; 26 USC 338

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project proposes rules under section 338 regarding the 
treatment of the transfer of target assets to the purchasing 
corporation or another member of the same affiliated group as the 
purchasing corporation after a qualified stock purchase of target 
stock, if a section 338 election is not made.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/17/95                     60 FR 9309
NPRM Comment Period End         05/19/95                     60 FR 9309
Hearing                         06/07/95                     60 FR 9309
Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: CO-62-94.
Drafting Attorney: Steven Flanagan (202) 622-7790.
Reviewing Attorney: William Alexander (202) 622-7790
Treasury Attorney: David Weisbach (202) 622-1129

Agency Contact: Steven Flanagan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7790

RIN: 1545-AT15
_______________________________________________________________________

3013. DEEMED PURCHASE PRICE WHEN CERTAIN STOCK PURCHASES ARE 
TREATED AS ASSET ACQUISITIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 338

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal will prescribe rules for computing the basis of 
stock purchased in certain stock acquisitions and for allocating this 
basis among the assets of the corporation whose stock was thus 
acquired.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/29/86                    51 FR 23790
NPRM Comment Period End         09/02/86
Final Action                    09/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-191-82.
Drafting attorney: Andrew Eisenberg (202) 622-7790.
Reviewing attorney: William Alexander (202) 622-7780.

Agency Contact: Andrew Eisenberg, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-7790

RIN: 1545-AF29
_______________________________________________________________________

3014. AMENDMENT OF SECTION 1.338-5T REGULATIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 338

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will address problems that have surfaced in 
the section 1.338-5T regulations since their publication, issues raised 
by the repeal of the General Utilities doctrine, as well as issues 
presented by the passage of section 338(h)(16) in 1988.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/20/94                     59 FR 3045
Final Action                    01/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: INTL-177-90.
Drafting attorney: Kenneth D. Allison (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Kenneth D. Allison, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AO73
_______________________________________________________________________

3015. INCOME TAX--TRIANGULAR REORGANIZATIONS, BASIS AND OTHER 
CONSEQUENCES

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 358; 26 USC 1032; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations provide rules for adjusting the basis of a 
controlling corporation in the stock of a controlled corporation as the 
result of certain triangular reorganizations involving the stock of the 
controlling corporation. The regulations also provide in certain 
circumstances for nonrecognition of gain to the controlled corporation 
on its use of controlling corporation stock in such reorganizations. 
The regulations also provide a special rule for adjusting the 
controlling corporation's basis in the stock of the controlled 
corporation when certain parties to the reorganization are members of a 
consolidated group

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/23/94                    59 FR 66280
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-993-71.
Drafting attorney: Rose Williams (202) 622-7550.
Reviewing attorney: David Madden (202) 622-7540.
Treasury attorney: Michael Thomson (202) 622-1334.

Agency Contact: Rose Williams, Assistant to the Branch Chief, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Ave. NW., Washington, DC 20224
Phone: 202 622-7550

RIN: 1545-AB21
_______________________________________________________________________

3016. AMENDMENT OF THE INCOME TAX REGULATIONS UNDER SECTION 367 OF 
THE CODE (TRANSFERS TO FOREIGN CORPORATIONS) TO REFLECT SECTION 131 OF 
THE TAX REFORM ACT OF 1984 (P.L. 98-369)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 367

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The Income Tax Regulations under section 367 will be amended 
to reflect the changes made to that section by the Tax Reform Act of 
1984. Section 367 now provides generally that a foreign corporation 
will not be considered to be a corporation, for purposes of certain 
nonrecognition provisions of the Code, upon the transfer of property to 
such corporation by a U.S. person. The statute provides certain 
exceptions to that rule, exemptions to those exceptions, and special 
rules applicable to certain specified transfers. The regulations will 
provide guidance concerning the applicability of the general rule and 
its exceptions and special rules, including guidance concerning 
transfers of assets for use in the active conduct of a trade or 
business, stock transfers, transfers of intangible assets, and 
transfers of branch operations that have operated at a loss.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/16/86                    51 FR 17990
Final Action                    03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-610-86.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Philip Tretiak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AK74
_______________________________________________________________________

3017. TRANSFERS OF STOCK OR SECURITIES BY U.S. PERSONS TO FOREIGN 
CORPORATIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 367

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will replace, when finalized, the 
temporary income tax regulations under section 1.367(a)-1T(c)(2) and 
section 1.367(a)-3T. They provide guidance on the application of 
section 367(a) to transfers of stock or securities by U.S. persons to 
foreign corporations. This regulation has been broken out of a larger 
regulation project (listed under INTL-610-86, RIN 1545-AK74) that will 
amend the remainder of the temporary income tax regulations under 
section 367(a).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/26/91                    56 FR 41993
Hearing                         11/22/91                    56 FR 41992
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-54-91.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.

Agency Contact: Philip Tretiak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AP81
_______________________________________________________________________

3018.  CERTAIN OUTBOUND TRANSFERS; DOMESTIC STOCK OR 
SECURITIES (CORPORATE INVERSIONS)

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 0367

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will incorporate the principles of Notice 94-
46 into the Internal Revenue Code. This regulation will provide rules 
governing the transfer of domestic stock or securities to a foreign 
corporation under section 367(a).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-009-95
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.

Agency Contact: Philip Tretiak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AT44
_______________________________________________________________________

3019. INCOME TAX--PART 1--STOCK TRANSFER RULES

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 367 (b)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The extent to which a foreign corporation shall be considered 
to be a corporation in connection with an exchange described in 
sections 332, 351, 354, 355, 356 or 361.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/26/91                    56 FR 41993
NPRM Comment Period End         10/25/91                    56 FR 41993
Hearing                         11/22/91                    56 FR 41992
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: Federal

Additional Information: INTL-178-86.
Drafting attorney: Irwin Halpern (202) 622-3850.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.

Agency Contact: Irwin Halpern, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AI32
_______________________________________________________________________

3020. CERTAIN CORPORATE DISTRIBUTIONS TO FOREIGN CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805 Internal Revenue Code of 1986; 26 USC 367 
(e) Internal Revenue Code of 1986

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal deals with whether gain should be recognized under 
section 367(e)(2) on distributions in liquidation under section 332 to 
foreign corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/16/90                     55 FR 1472
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-704-87.
Drafting attorney: Willard Yates (202) 622-3850.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Willard Yates, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AL35
_______________________________________________________________________

3021. TWENTY PERCENT WITHHOLDING ON ELIGIBLE ROLLOVER DISTRIBUTION

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 402(c); 26 USC 403(b); 26 USC 
3405(b)

CFR Citation:  26 CFR 1; 26 CFR 31

Legal Deadline: None

Abstract: This project provides a cross-reference notice of proposed 
rulemaking providing guidance to implement statutory changes enacted by 
the Unemployment Compensation Amendments of 1992 (UCA). The UCA expands 
the types of distribution from qualified plans and section 403(b) plans 
that are eligible for tax-free rollover. Also, the UCA requires 
qualified plans and 403(b) plans to provide employees with a direct 
rollover option. Also the UCA imposes a mandatory 20 percent income tax 
withholding upon any eligible rollover distribution that the employee 
does not elect to have paid in a direct rollover.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/22/92                    57 FR 48194
NPRM Comment Period End         12/28/92                    57 FR 48194
Hearing                         01/15/93                    57 FR 48193
Final Action                    10/00/95

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: State, Local, Federal

Additional Information: EE-43-92.
Drafting attorney: Judith Alden (202) 622-6030.
Reviewing attorney: Majorie Hoffman (202) 622-6030.

Agency Contact: Judith Alden, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-6030

RIN: 1545-AR01
_______________________________________________________________________

3022. INCOME TAX--DEDUCTION FOR CERTAIN FOREIGN DEFERRED 
COMPENSATION PLANS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 404A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide guidance relating to the 
limitations on deductions and adjustments to earnings and profits (or 
accumulated profits) with respect to certain foreign deferred 
compensation plans.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/07/93                    58 FR 27219
NPRM Comment Period End         05/07/93                    58 FR 27219
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-14-81.
Drafting attorney: Robin Ehrenberg (202) 622-6080.
Reviewing attorney: Michael A. Thrasher (202) 622-6000.

Agency Contact: Robin Ehrenberg, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6080

RIN: 1545-AD81
_______________________________________________________________________

3023.  ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND 
EMPLOYEE CONTRIBUTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Modification of Reg. Section 1.411(c)-1 to reflect GATT 
provisions affecting the allocation of accrued benefits between 
employer and employee contributions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-35-95
Drafting attorney: Janet Laufer (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.

Agency Contact: Janet Laufer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution, Ave. NW., Washington, DC 
20224
Phone: 202 622-6060
Fax: 202 622-4617

RIN: 1545-AT83
_______________________________________________________________________

3024. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 414(q)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed and temporary regulations define the term 
``highly compensated employee'' under section 414(q) of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/19/88
NPRM Comment Period End         04/19/88                     53 FR 4999
Partially Closed by TD 8548     06/27/94                    59 FR 32911
Final Action                    03/00/96

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: State, Local

Additional Information: EE-32-92.
Drafting attorney: Patricia McDermott (202) 622-6030.
Reviewing attorney: Nancy J. Marks (202) 622-6000.
Treasury attorney: Mark Iwry (202) 622-2647.
Temporary and proposed regulations under sections 414(g) and and 414(s) 
were published February 19, 1988 (53 FR 4965); and final regulations 
under section 414(s) were published September 19, 1991 (56 FR 47659), 
under project EE-129-86. The regulations under section 414(q) were 
split off from project EE-129-86. It is anticipated that final 
regulations under section 414(q) will be published in the future under 
project EE-32-92.

Agency Contact: Patricia McDermott, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-6030

RIN: 1545-AQ74
_______________________________________________________________________

3025. VALUATION OF PLAN DISTRIBUTION

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 417

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance to employees in determining 
the present value of an employee's benefit in a qualified defined 
benefit plan.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/05/95                    60 FR 17286
NPRM Comment Period End         07/05/95                    60 FR 17286
Hearing                         07/25/95                    60 FR 17286
Final Action                    04/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-12-95
Drafting Attorney: Linda Marshall (202) 622-6030.
Reviewing Attorney: Nan Marks (202) 622-6000.
Treasury Attorney: Harlan Weller (202) 622-1001.

Agency Contact: Linda Marshall, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6030

RIN: 1545-AT27
_______________________________________________________________________

3026. RULES FOR CERTAIN RENTAL REAL ESTATE ACTIVITIES

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 469

CFR Citation:  26 CFR 469

Legal Deadline: None

Abstract: Proposed regulations provide guidance for new section 
469(c)(7) concerning special rules for taxpayers in real property 
business. Section 469(c)(7) was enacted by OBRA 93.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/10/95                     60 FR 2557
Hearing                         05/11/95                     60 FR 2557
Final Action                    11/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-80-93.
Drafting attorney: William M. Kostak (202) 622-3080.
Reviewing attorney: Donna M. Young (202) 622-3070.

Agency Contact: William M. Kostak, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3080

RIN: 1545-AS38
_______________________________________________________________________

3027. LIMITATIONS ON PASSIVE ACTIVITY LOSSES AND CREDITS--SELF-
CHARGED ITEMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 0469 (l)

CFR Citation:  26 CFR 1.469-7

Legal Deadline: None

Abstract: The regulation will address the treatment of self-charged 
items of income and expense in connection with transactions between 
passthrough entities and owners of interests in those entities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/05/91                    56 FR 14034
Hearing                         09/06/91                    56 FR 14040
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: PS-039-89.
Drafting attorney: Ann Veninga (202) 622-3080.
Reviewing attorney: Donna M. Young (202) 622-3070.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Ann Veninga, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3080
Fax: 202 622-4524

RIN: 1545-AN64
_______________________________________________________________________

3028. MARK-TO-MARKET UPON DISPOSITION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 475(a); 26 USC 475(b)(2); 26 USC 
475(e); 26 USC 860G(e)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations to address the relationship between 
mark-to-market accounting and accrual of stated interest, discount and 
premium, and between mark-to-market accounting and the tax treatment of 
bad debts. Proposed regulations also provide securities are to be 
marked to market upon disposition by a dealer and provide rules 
relating to acquisitions of securities by a dealer. The exemption from 
marking to market in certain securitization transactions, and the 
identification requirement for obtaining exemption. Proposed 
regulations also provide guidance relating to the exclusion of REMIC 
residual interests from the definition of security and to the 
relationship between the mark-to-market provisions and the integrated 
transaction rules in the proposed regulations on debt instruments with 
contingent payments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/04/95                      60 FR 397
Final Action                    06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-42-94
Drafting attorney: Robert Williams (202) 622-3960.
Reviewing attorney: Michael Novey (202) 622-3900.
Treasury attorney: Mary Heath (202) 622-0868.

Agency Contact: Robert Williams, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3960

RIN: 1545-AS85
_______________________________________________________________________

3029. SECTION 482, COST SHARING REGULATIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 482

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Transfer of intangibles between affiliates; intercompany 
pricing issues.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/30/92                     57 FR 3571
Hearing                         08/31/92                    57 FR 33663
Final Action                    06/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-372-88.
Drafting attorney: Lisa L. Sams (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: Lisa L. Sams, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AM00
_______________________________________________________________________

3030. TAXATION OF GLOBAL TRADING

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 864; 26 USC 482; 26 USC 863

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations to improve the taxation of global trading.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/28/90                    55 FR 35152
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-070-90.
Drafting attorney: Ahmad A. Pirasteh (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Patricia Brown (202) 622-1781.

Agency Contact: Ahmad A. Pirasteh, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AP01
_______________________________________________________________________

3031. RECOGNITION OF PRE-CONTRIBUTION GAIN OR LOSS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 704(c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The final regulations will address the determination of pre-
contribution gain or loss under section 704(c)(1)(B) of the Internal 
Revenue Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/09/95                     60 FR 2352
Final Action                    03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-51-93
Drafting attorney: Stephen Coleman (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.

Agency Contact: Stephen Coleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AR93
_______________________________________________________________________

3032. SECTION 737 DISTRIBUTIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 737

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Final regulations under section 737 relating to the 
recognition of pre-contribution gain in the case of certain 
distributions to the contributing partner.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/09/95                     60 FR 2352
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-76-92.
Drafting attorney: Stephen Coleman (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Stephen Coleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AR48
_______________________________________________________________________

3033. EXTENSION OF TIME FOR REAL ESTATE MORTGAGE INVESTMENT 
CONDUITS TO PROVIDE REPORTING INFORMATION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 860F; 26 USC 6049

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation would extend the deadline for REMICs 
or issuers of CDOs to furnish reporting information.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/30/91                    56 FR 49525
Hearing                         12/05/91                    56 FR 49526
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-38-91.
Drafting attorney: Kenneth P. Christman (202) 622-3950.
Reviewing attorney: Marshall D. Feiring (202) 622-3960.
Treasury attorney: Val P. Strehlow (202) 622-0869.

Agency Contact: Kenneth P. Christman, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3950

RIN: 1545-AP73
_______________________________________________________________________

3034. CHARITABLE CONTRIBUTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 861

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed section 1.861-8(e) would provide new guidance 
regarding the allocation of charitable deductions to U.S. or foreign 
source income. A taxpayer would allocate such a deduction solely to 
U.S. source income if he designated the contribution for U.S. use and 
reasonably believed that it would be so used. He would allocate such a 
deduction solely to foreign source income if he knows or has reason to 
know that it would be used solely outside the United States or that it 
must necessarily be so used. In all other cases, he would ratably 
apportion such a deduction.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/12/91                    56 FR 10395
Hearing                         08/01/91                    56 FR 23823
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-116-90.
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Charles C. Saverude (202) 622-3800.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AP30
_______________________________________________________________________

3035.  ALLOCATION AND APPORTIONMENT OF RESEARCH AND 
EXPERIMENTAL EXPENDITURES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0861

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules regarding the allocation and 
apportionment of research and experimental expenditures for purposes of 
determining taxable income from sources within and without the United 
States.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/24/95                    60 FR 27453
Hearing                         09/08/95                    60 FR 27453
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-023-95
Drafting attorney: Carl Cooper (202) 622-3840.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Bruce Cohen (202) 622-0871.

Agency Contact: Carl Cooper, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AT49
_______________________________________________________________________

3036. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN 
OTHER EXPENSES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 864

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Notice of proposed rulemaking by cross-reference to temporary 
regulations providing rules for affiliated group allocation and 
apportionment of expenses other than interest that are not traceable to 
specific income-producing activities or property of corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/12/91                    56 FR 10397
Hearing                         06/21/91                    56 FR 21640
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-952-86.
Drafting attorney: David F. Bergkuist (202) 622-3860.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Carol Doran-Klein (202) 622-1762.

Agency Contact: David F. Bergkuist, Attorney-Advisors, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AM20
_______________________________________________________________________

3037. TREATMENT OF RELATED PERSON FACTORING INCOME; CERTAIN 
INVESTMENTS IN UNITED STATES PROPERTY; AND STOCK REDEMPTIONS THROUGH 
RELATED CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 864 (d); 26 USC 956; 26 USC 304; 
26 USC 7805; 26 USC 864 (d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These rules will relate to the treatment of income derived by 
foreign corporations from factoring the receivables of related persons, 
rules relating to certain investments in U.S. property and stock 
redemptions through related corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/14/88                    53 FR 22186
NPRM Comment Period End         08/15/88                    53 FR 22186
Hearing                         02/09/89                    53 FR 49895
Final Action                    01/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-49-86.
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AH85
_______________________________________________________________________

3038. COMPUTATION OF INTEREST EXPENSE DEDUCTION

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 882

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will revise the rules for the computation of 
the interest expense deduction of a foreign corporation.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/24/92                    57 FR 15038
NPRM Comment Period End         10/14/92
Final Action                    03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-309-88.
Drafting attorney: Karl T. Walli (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870
Treasury attorney: Unassigned.

Agency Contact: Karl T. Walli, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AL84
_______________________________________________________________________

3039. AMENDMENTS TO THE BRANCH PROFITS TAX UNDER SECTIONS 884 AND 
864

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 884; 26 USC 864

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will revise the ``asset-use'' test under 
section 864 to exclude stock. This regulation will explain what 
percentage of an interest in a partnership, trust or estate is a U.S. 
asset under section 884. In addition, this regulation amends the 
definition of ``branch interest'' under section 884.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/11/92                    57 FR 41707
Final Action                    06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-003-92.
Drafting attorney: Gwendolyn A. Stanley (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Gwendolyn A. Stanley, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AQ58
_______________________________________________________________________

3040. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 892 (c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Notice of Proposed Rulemaking by cross-reference to temporary 
regulations regarding the taxation of income of foreign governments and 
international organizations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/27/88                    53 FR 24100
NPRM Comment Period End         08/26/88                    53 FR 24100
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-285-88.
Drafting attorney: David A. Juster (202) 622-3850.
Reviewing attorney: Bernard T. Bress (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: David A. Juster, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AL93
_______________________________________________________________________

3041. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS 
UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 897

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal would provide rules concerning the effect of certain 
distributions including dividends, redemptions, distributions pursuant 
to reorganizations, and liquidations on corporations and their 
shareholders under the Foreign Investment in Real Property Tax Act. 
Proposal would also provide rules for determining the extent to which 
nonrecognition would apply to certain transfers of real property 
interests and the extent to which certain reorganizations will be 
treated as sales of property at fair market value.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/05/88                    53 FR 16233
Hearing                         03/01/89                     54 FR 1189
Final Action                    02/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-491-87.
Drafting attorney: Leslie A. Cracraft (202) 622-3860.
Reviewing attorney: Charles P. Besecky (202) 622-3860.
Treasury attorney: David Sutherland (202) 622-1754.

Agency Contact: Leslie A. Cracraft, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AK79
_______________________________________________________________________

3042. CONFORMING TAXABLE YEARS OF CFCS AND FPHCS: 1989 CHANGE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 898; 26 USC 902

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance to taxpayers concerning new 
section 898 of the Internal Revenue Code, added to the Code by the 
Omnibus Budget Reconciliation Act of 1989. Section 898 requires the 
taxable years of certain specified foreign corporations to conform to 
the taxable years of their majority U.S. shareholders.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/05/93                      58 FR 290
Final Action                    01/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-848-89.
Drafting attorney: Michael E. Hara (202) 622-3840.
Reviewing attorney: Charlie C. Saverude (202) 622-3800.
Treasury attorney: Carol Doran Klein (202) 622-1762.

Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AO22
_______________________________________________________________________

3043. RESOURCING INCOME TO PREVENT AVOIDANCE OF FOREIGN TAX CREDIT 
LIMITATION RULES RELATING TO FOREIGN LOSSES

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 904; 26 USC 1504

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The purpose of the regulation is to require a taxpayer to 
resource the income of any member of an affiliated group of 
corporations, or, alternatively to modify the consolidated return 
regulations, to the extent necessary in order to prevent avoidance of 
the purposes of the foreign tax credit rules.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/17/94                    59 FR 25584
Final Action                    06/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-6-90.
Drafting attorney: Kenneth D. Allison (202) 622-3860.
Reviewing attorney: Charles P. Besecky (202) 622-3860.
Treasury attorney: Carol Doran-Klein (202) 622-1762.

Agency Contact: Kenneth D. Allison, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AN87
_______________________________________________________________________

3044. APPLICATION OF SECTION 904 TO INCOME SUBJECT TO SEPARATE 
LIMITATIONS AND SECTION 864(E) AFFILIATED GROUP EXPERT ALLOCATION RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 904(d)(5); 26 USC 864(e)(7)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations modify proposed income tax regulations 
relating to affiliated group expense allocation rules of section 
864(e)(5) and (6). In addition, the regulations propose changes to the 
section 904(d) final foreign tax credit limitation regulations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/14/92                    57 FR 20660
Final Action                    03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-001-92.
Drafting attorney: Caren S. Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Carol Doran Klein (202) 622-1762.

Agency Contact: Caren S. Shein, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AQ43
_______________________________________________________________________

3045. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF 
REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 905 (c); 26 USC 6689

CFR Citation:  26 CFR 1; 26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: The regulations will establish procedures for taxpayers by 
which they must notify the Service of a change in foreign tax liability 
for a taxable year for which they claimed the foreign tax credit. The 
regulations provide special rules for redetermining the taxpayer's 
United States tax liability when the dollar value of the foreign 
currency fluctuates between the time for which the foreign tax credit 
is originally claimed and the time for which the foreign tax credit is 
redetermined. In addition, the regulations set forth deadlines for 
compliance with the notification requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/23/88                    53 FR 23659
Final Action                    03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-61-86.
Drafting attorney: Caren Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Carol Doran Klein (202) 622-1762.

Agency Contact: Caren Shein, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AC09
_______________________________________________________________________

3046. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE 
INVESTMENT INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 936(d)(2)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules with respect to what 
constitutes qualified possession source investment income for purposes 
of the Puerto Rico and possession tax credit.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/21/86                     51 FR 2726
Final Action                    03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-44-86.
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: W. Edward Williams, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., 
Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AC10
_______________________________________________________________________

3047. SECTION 936 REGULATIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 936(h)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will simplify the computation of combined 
taxable income for companies making an election under section 936(h) of 
the Code; it will revise the determination of the deemed sales price 
for purposes of the leasing rules applicable to such corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/12/94                     59 FR 1690
Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-68-92.
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: Carol Doran Klein (202) 622-1762.

Agency Contact: Mary Gillmarten, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AR18
_______________________________________________________________________

3048. CBI INVESTMENTS OF SECTION 936 FUNDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 936(d)(4)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Will define investments made in qualified Caribbean Basin 
countries that give rise to interests or dividends available for the 
section 936 credit.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/13/91                    56 FR 21963
Hearing                         07/12/91                    56 FR 21963
Final Action                    03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-088-89.
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: Unassigned.

Agency Contact: W. Edward Williams, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., 
Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AM91
_______________________________________________________________________

3049. INSURANCE INCOME

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 953

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation defines related person insurance income; and 
sets forth rules regarding the amount of related person insurance 
income to be included in gross income. In addition, the regulation 
defines insurance income under section 953(a), prescribes rules of 
allocation and apportionment of deductions, and prescribes rules for 
the interaction of subchapter L and subchapter N.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/17/91                    56 FR 15540
Hearing                         06/21/91                    56 FR 15570
Final Action                    02/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-939-86.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AJ70
_______________________________________________________________________

3050. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 964

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will develop procedures for foreign 
corporations or U.S. shareholders to make tax elections in computing 
functional currency earnings and profits under the 1986 Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/25/90                     55 FR 2535
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-087-89.
Drafting attorney: M. Grace Fleeman (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: M. Grace Fleeman, Attorney-Adviser, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 202224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AM90
_______________________________________________________________________

3051. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 964; 26 USC 952

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations are proposed as part of Treasury's ongoing 
simplification efforts. The proposed regulations would modify the 
computation of earnings and profits (E&P) of foreign corporations by 
allowing taxpayers to account for inventory costs using capitalization 
methods used for financial accounting purposes rather than the uniform 
capitalization rules required by section 263A. The proposed regulations 
would also permit reliance on financial accounting conventions in 
computing depreciation for foreign corporations deriving less than 20% 
of gross income from U.S. sources and maintaining assets with tax bases 
not materially different from financial book bases. Use of these 
simplified rules may result in an accounting method change which would 
ordinarily require the filing of Form 3115 (Application for Change in 
Accounting Method). However, the proposed regulations waive this filing 
requirement if its conditions are met.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/01/92                    57 FR 29246
Final Action                    03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-018-92.
Drafting attorney: M. Grace Fleeman (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: M. Grace Fleeman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, llll Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AQ55
_______________________________________________________________________

3052. RULES FOR A QBU CHANGING FROM THE PROFIT-AND-LOSS METHOD TO 
DASTM

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules for a qualified business 
unit (``QBU'') changing from the profit and loss method of accounting 
to DASTM and also rules for any adjustments required due to the change 
in method.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/05/93                      58 FR 300
Final Action                    01/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: INTL-045-92.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Jacob Feldman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AR28
_______________________________________________________________________

3053. CHANGE FROM THE DOLLAR APPROXIMATE SEPARATE TRANSACTIONS 
METHOD (DASTM) TO THE PROFIT-AND-LOSS METHOD OF ACCOUNTING

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 985

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for qualified business units 
(``QBU's'') whose currency is no longer hyperinflationary including any 
necessary adjustment.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    01/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: INTL-066-92.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Jacob Feldman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AS68
_______________________________________________________________________

3054. COMPUTATION OF A BRANCH'S TAXABLE INCOME TAXATION OF EXCHANGE 
GAIN OR LOSS ON BRANCH REMITTANCES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Branch rules on how to translate branch income. Taxation of 
exchange gain or loss on branch remittances.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/25/91                    56 FR 48457
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-965-86.
Drafting attorney: Richard Hoge (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Richard Hoge, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AM12
_______________________________________________________________________

3055. MARK-TO-MARKET METHOD OF ACCOUNTING UNDER SECTION 988

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 989(c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations allow taxpayers to elect to account 
for exchange gains and losses under a mark-to-market method of 
accounting. The proposed regulation also addresses other matters 
including dual currency bonds, contingent payment bonds denominated in 
a nonfunctional currency, hyperinflationary instruments and certain 
hedging transactions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/17/92                     57 FR 9217
Final Action                    12/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: INTL-015-91.
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AP78
_______________________________________________________________________

3056. MODIFICATIONS OF DEBT INSTRUMENTS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 1001

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document relates to the treatment of modifications of 
debt instruments as realization events under section 1001 of the 
Internal Revenue Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/02/92                    57 FR 57034
Hearing                         02/17/93                    57 FR 57033
Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-31-92.
Drafting attorney: Tom Kelly (202) 622-3940.
Reviewing attorney: James Malloy (202) 622-3900.

Agency Contact: Tom Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3940

RIN: 1545-AR04
_______________________________________________________________________

3057. CERTAIN PAYMENTS MADE PURSUANT TO A SECURITIES LENDING 
TRANSACTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 861; 26 USC 871; 26 USC 881; 26 
USC 894; 26 USC 1058; 26 USC 1441

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations concern the source, character and income 
tax treaty treatment of substitute interest and dividend payments made 
pursuant to a transfer of securities described in section 1058(a) or a 
substantially similar transaction between a U.S. person and a foreign 
person. To determine the source and character of cross-order substitute 
payments, a substitute payment will be treated as interest or dividend 
income received with respect to the transferred security. Where a 
treaty looks to U.S. law to define a payment subject to a withholding 
tax, a substitute payment will be treated as interest or dividend 
income with respect to the transferred security.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/09/92                      57 FR 860
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-106-89.
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Karl Walli (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AP71
_______________________________________________________________________

3058. CONVERSION TRANSACTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1258; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation allow taxpayers to net gains and 
losses from positions in the same conversion transaction in certain 
cases for purposes of section 1258(a).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/27/94                    59 FR 66498
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-43-94
Drafting attorney: Alan B. Munro (202) 622-3950.
Reviewing attorney: Alice M. Bennett (202) 622-3950.
Treasury attorney: John J. Rooney (202) 622-1335.

Agency Contact: Alan B. Munro, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3950

RIN: 1545-AS87
_______________________________________________________________________

3059. TREATMENT OF SHAREHOLDERS OF PASSIVE FOREIGN INVESTMENT 
COMPANIES

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 0446; 26 USC 1291; 26 USC 1293; 
26 USC 1295; 26 USC 1297

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the treatment of shareholders of 
passive foreign investment companies.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/01/92                    57 FR 11024
NPRM Comment Period End         07/30/92                    57 FR 11024
Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-656-87.
Drafting attorney: Gayle Novig (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Patricia Brown (202) 622-1781.

Agency Contact: Gayle Novig, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3880

RIN: 1545-AC06
_______________________________________________________________________

3060. PASSIVE FOREIGN INVESTMENT COMPANIES

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 1294; 26 USC 1297(b)(1); 26 USC 
1291(d)(2)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide guidance to passive foreign investment companies and 
their shareholders that are United States persons about the time, 
manner and other requirements for making certain elections.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/02/88                     53 FR 6781
Final Action                    03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-941-86.
Drafting attorney: Carolyn Fanaroff (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Patricia Brown (202) 622-1781.

Agency Contact: Carolyn Fanaroff, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AI33
_______________________________________________________________________

3061. PASSIVE FOREIGN INVESTMENT COMPANIES - SPECIAL RULES FOR 
FOREIGN BANKS AND SECURITIES DEALERS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 1296(b)(2)(A); 26 USC 1296(b)(3)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance for qualifying foreign 
banks and securities dealers for the exception to passive income 
characterization for purposes of the income and asset tests of the PFIC 
provisions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/28/95                    60 FR 20922
Hearing                         09/11/95                    60 FR 39902
Final Action                    03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-0065-93.
Drafting attorney: Ramon Camacho (202) 622-3870
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Patricia Brown (202) 622-1781.

Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AS46
_______________________________________________________________________

3062. WITHHOLDING ON ITEMS OF INCOME COVERED BY AN INCOME TAX 
CONVENTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1441

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: These regulations relate to the withholding on certain items 
of income subject to a reduced rate of, or exemption from, U.S. tax 
under an income tax convention to which the United States is a party. 
These regulations would amend the existing regulations to provide a 
certification requirement for obtaining reduced rates of, or exemption 
from, U.S. withholding tax on payments of fixed or determinable annual 
or periodical income and certain other income.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/10/84                    49 FR 35511
NPRM Comment Period End         11/09/84                    49 FR 35511
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-176-86.
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite 
3319, Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AH86
_______________________________________________________________________

3063. WITHHOLDING OF TAX ON NONRESIDENT ALIENS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1441

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 864(c)(6) of the Code, added in 1986, had the 
unintended effect of allowing nonresident alien individuals to elect 
out of all withholding on pension payments from qualified plans. The 
regulation corrects this inadvertent loophole and requires withholding 
on such payments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/05/90                     55 FR 3750
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-660-89.
Drafting attorney: Carol P. Tello (202) 622-3880.
Reviewing attorney: Unassigned.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Carol P. Tello, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AN75
_______________________________________________________________________

3064. TEMPORARY REGULATION ON WITHHOLDING TAX ON PAYMENTS FROM 
PARTNERSHIPS TO FOREIGN PARTNERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1446

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation explains under what circumstances withholding 
is required under section 1446. It also explains the timing of 
withholding and how to pay over the withheld amounts to the Internal 
Revenue Service. Section 1446 was substantially amended by the 
Technical and Miscellaneous Revenue Act of 1988.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            02/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-938-86.
Drafting attorney: Ronald Gootzeit (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Ronald Gootzeit, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AL32
_______________________________________________________________________

3065.  QDOT SECURITY REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 2056A

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: The proposed regulation provides guidance regarding 
qualification of a trust as a qualified domestic trust.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/22/95                    60 FR 43574
Final Action                    06/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-25-94
Drafting attorney: Susan B. Hurwitz (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: Susan Hurwitz, Department of the Treasury, Internal 
Revenue Service
Phone: 202 622-3090

RIN: 1545-AT64
_______________________________________________________________________

3066. ESTATE TAX--GENERATION SKIPPING TRANSFER TAX

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 2653; 26 USC 2662; 26 USC 2663

CFR Citation:  26 CFR 26; 26 CFR 26a

Legal Deadline: None

Abstract: The regulations will provide rules relating to the effective 
date provisions, return requirements, definitions, and certain special 
rules for the tax on generation skipping transfers.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/15/88                     53 FR 8469
NPRM Comment Period End         05/16/88                     53 FR 8469
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-128-86.
Drafting attorney: James F. Hogan (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: James F. Hogan, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3090

RIN: 1545-AJ11
_______________________________________________________________________

3067. ELECTRONIC FILING OF FORM W-4

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: The statute and existing regulations require employees to 
furnish employers with withholding exemption certificates (Forms W-4). 
The regulation would permit employees to file Forms W-4 electronically 
under certain circumstances.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/21/94                    59 FR 65740
NPRM Comment Period End         02/21/95                    59 FR 65740
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: EE-45-93
Drafting attorney: Russ Weinheimer (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.

Agency Contact: Russ Weinheimer, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-AR67
_______________________________________________________________________

3068. WITHHOLDING ON DISTRIBUTIONS OF INDIAN GAMING PROFITS TO 
TRIBAL MEMBERS

Priority:  Other Significant

Legal Authority:  26 USC 3402(r); 26 USC 7805; 26 USC 3402(p)(2)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Implements income tax withholding requirement on 
distributions of profits to Indian tribe members from certain Indian 
gaming activities, under new IRC section 3402(r).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/22/94                    59 FR 65982
Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Tribal

Additional Information: EE-60-94.
Drafting attorney: Rebecca Wilson (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Rebecca Wilson, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-6040

RIN: 1545-AT11
_______________________________________________________________________

3069. RETAIL EXCISE TAXES ON CERTAIN LUXURY ITEMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4004

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations relate to the retailers excise taxes on 
certain luxury items.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/02/91                       56 FR 36
NPRM Comment Period End         03/04/91                       56 FR 36
Hearing                         04/29/91                    56 FR 11979
Final Action                    03/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-094-90.
Drafting attorney: Edward Madden (202) 622-3130.
Reviewing attorney: Jeffrey Nelson (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Edward Madden, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AP24
_______________________________________________________________________

3070. DIESEL FUEL EXCISE TAX

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 4081; 26 USC 6427

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations relate to the diesel fuel excise tax 
effective January 1, 1994. Determination of taxable events; person 
liable for the tax; exemptions including dying; and the rules for 
ultimate vendors who claim credit or refund.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           08/26/93                    58 FR 45081
NPRM                            11/30/93                    58 FR 63131
NPRM Comment Period End         01/31/94                    58 FR 63131
Final Action                    12/00/95

Small Entities Affected: Businesses

Government Levels Affected: State

Additional Information: PS-52-93
Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Frank Boland, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington DC 
20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AR92
_______________________________________________________________________

3071. TAX ON PETROLEUM

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 4611; 26 USC 4612

CFR Citation:  26 CFR 52

Legal Deadline: None

Abstract: The regulations relate to tax on petroleum under section 4611 
of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/25/93                    58 FR 21963
Hearing                         03/03/94                     59 FR 5161
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-158-86.
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Ruth Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AJ23
_______________________________________________________________________

3072. EXPORTS OF OZONE-DEPLETING CHEMICALS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 4682(d)(3)

CFR Citation:  26 CFR 52

Legal Deadline: None

Abstract: These regulations relate to the exemption from tax for 
exports of ozone-depleting chemicals.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/15/93                     58 FR 4625
NPRM Comment Period End         03/16/93
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-89-91.
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Ruth Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AQ23
_______________________________________________________________________

3073. EXCISE TAX ON SELF-DEALING BY PRIVATE FOUNDATIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 53

Legal Deadline: None

Abstract: These amendments to section 53.4941(d)-2(f) are intended to 
clarify the service's position that generally, the payment of 
indemnification and insurance by a private foundation for a foundation 
manager in situations arising from the performance of services on 
behalf of the private foundation are not self-dealing and are not 
considered when determining reasonable compensation of the foundation 
manager.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/03/95                       60 FR 82
NPRM Comment Period End         04/03/95                       60 FR 82
Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-56-94.
Drafting attorney: Terri Harris (202) 622-6070.
Reviewing attorney: Paul Accettura (202) 622-6070.
Treasury attorney: Cathy Livingston (202) 622-0998.
This entry was split from RIN 1545-AI52.

Agency Contact: Terri Harris, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6070

RIN: 1545-AT03
_______________________________________________________________________

3074. AMENDMENT OF SECTION 1.6033-2(G)(5) RELATING TO RETURNS BY AN 
INTEGRATED AUXILIARY OF A CHURCH

Priority:  Other Significant

Legal Authority:  26 USC 7805; PL 91-172, Sec 101 (d) (1)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will revise the definition of integrated 
auxiliary of a church in section 1.6033-2(g)(5) of the Treasury 
Regulations to be consistent with Rev. Proc. 86-23, 1986-1 CB 564.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/15/94                    59 FR 64633
NPRM Comment Period End         03/15/95                    59 FR 64633
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-41-86.
Drafting attorney: Terri Harris (202) 622-6070.
Reviewing attorney: Paul Accettura (202) 622-6070.

Agency Contact: Terri Harris, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-6070

RIN: 1545-AI52
_______________________________________________________________________

3075. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6039E

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulation will prescribe the information to be gathered 
by the State Department and Immigration and Naturalization Service on 
passport and green card applicants and the penalties to be imposed on 
such applicants if they do not supply the information.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/24/92                    57 FR 61373
Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-978-86.
Drafting attorney: Ricardo A. Cadenas (202) 874-1490.
Reviewing attorney: George Sellinger (202) 874-1490.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Ricardo A. Cadenas, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite 
3319, Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AJ93
_______________________________________________________________________

3076. CASH REPORTING BY COURT CLERKS

Priority:  Other Significant

Legal Authority:  26 USC 6050I; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline:  Other, Statutory, December 13, 1994.
Sec. 20415 of the Violent Crime Control and Law Enforcement Act of 1994 
required issuance of temporary regulations by 12-13-94.

Abstract: This regulation relates to the information reporting 
requirements of court clerks upon receipt of more than $10,000 in cash 
as bail for any individual charged with a specific criminal offense.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/15/94                    59 FR 64635
Final Action                    10/00/95

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local, Federal

Additional Information: IA-57-94.
Drafting attorney: Susie Bird (202) 622-4960.
Reviewing attorney: Steve Toomey (202) 622-4960.

Agency Contact: Susie K. Bird, Attorney-Advisor (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4960

RIN: 1545-AT06
_______________________________________________________________________

3077. IRC SECTION 6051

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 6051; 26 USC 6071

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: Project will modify existing regulations to require employers 
who file a final form 941 to file form W-2 and W-3 at the same time the 
employer is required to file the final Form 941.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/22/94                    59 FR 65982
Hearing                         05/08/95                    60 FR 15526
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-083-89.
Drafting attorney: Jean Casey (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Kevin Knopf (202) 622-2329.

Agency Contact: Jean Casey, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6040

RIN: 1545-AN57
_______________________________________________________________________

3078. VOICE SIGNATURES

Priority:  Other Significant

Legal Authority:  26 USC 6061; 26 USC 6012

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will enable the Service to accept a voice 
signature in lieu of a handwritten signature. This will allow the 
Service to test the feasibility of voice signatures for one year with 
certain taxpayers who live in the geographic area of the Cincinnati 
district office. The regulations also address the effect of a taxpayer 
using a voice signature.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/13/93                     58 FR 4125
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-39-95.
Drafting attorney: Celia Gabrysh (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.

Agency Contact: Celia Gabrysh, Atorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-4940

RIN: 1545-AQ68
_______________________________________________________________________

3079. AUTHORITY OF THE FCIC TO REQUIRE EMPLOYER IDENTIFICATION 
NUMBERS FOR CERTAIN TAXPAYERS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  25 CFR 301

Legal Deadline: None

Abstract: This document will withdraw the notice of proposed rulemaking 
published in the Federal Register on August 31, 1992.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/31/92                    57 FR 39379
NPRM Comment Period End         09/30/92
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-4-92.
Drafting attorney: Beverly Baughman (202) 622-4940.
Reviewing attorney: George Baker (202) 622-4920.
Treasury attorney: Evelyn Elgin (202) 622-1338.

Agency Contact: Beverly Baughman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-4940

RIN: 1545-AQ49
_______________________________________________________________________

3080. AMENDMENT TO SECTION 6109 REGULATIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 6109

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will amend I.R.C. section 6109 regarding tax 
identification numbers.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/08/95                    60 FR 30211
Hearing                         09/28/95                    60 FR 30211
Final Action                    06/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-0024-94
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., 
Washington, DC 20024
Phone: 202 874-1490

RIN: 1545-AS83
_______________________________________________________________________

3081. AUTHORITY OF THE SECRETARY OF AGRICULTURE TO SHARE EMPLOYER 
IDENTIFICATION NUMBERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6109

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: P.L. 103-296 (The Social Security Independence and Program 
Improvements Act of 1994) amended section 6109(f) of the Internal 
Revenue Code to authorize the Secretary of Agriculture to share 
Employer Identification Numbers with other U.S. agencies or 
instrumentalities for certain law enforcement purposes. These 
regulations are needed to enable the Department of Agriculture to issue 
its own implementing regulations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/10/95                    60 FR 24811
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-7-95
Drafting attorney: Robert Basso (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.

Agency Contact: Robert Basso, Attorney-Advisor (Tax), Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AT21
_______________________________________________________________________

3082. INTEREST-FREE ADJUSTMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6205

CFR Citation:  26 CFR 31.6205-1(a)(3); 26 CFR 31.6205-1(b); 26 CFR 
31.6205-1(c); 26 CFR 31.6205-1(d)

Legal Deadline: None

Abstract: Under section 6205(a)(1) of the Code if less than the correct 
amount of tax imposed under the FICA, the RRTA, or the income tax 
withholding provisions is paid with respect to any payment of wages or 
compensation, proper adjustments; with respect to both the tax and 
amount to be deducted, must be made without interest in such manner and 
in such times as the Secretary may by regulations prescribe. The 
proposed amendments would add language to clarify that an interest-free 
adjustment can be made in certain situations in which th error is 
ascertained before the appropriate return is filed. The proposed 
amendments are intended to apply only to situations in which no return 
was filed because the employer improperly failed to treat its workers 
as employees.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/10/92                    57 FR 58423
NPRM Comment Period End         02/08/93                    57 FR 58423
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-12-92.
Drafting Tax Law Specialist: Karin Loverud (202) 622-6060.
Reviewing attorney: Mary Oppenheimer (202) 622-6010.

Agency Contact: Karin Loverud, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-AQ61
_______________________________________________________________________

3083. SELECTION OF TAX MATTERS PARTNER FOR LIMITED LIABILITY 
COMPANIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6320(i); 26 USC 6230(k); 26 USC 7805(a)

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide (1) who an LLC may designate as 
its tax matters partner for a specific taxable year, (2) how the 
designation is made, and (3) how the designation is terminated.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            10/00/95

Small Entities Affected: None

Government Levels Affected: Federal

Additional Information: PS-34-92.
Drafting attorney: Lindsay Russell (202) 622-3050.
Reviewing attorney: Dianna K. Miosi (202) 622-3050.
Treasury attorney: John Rooney (202) 622-1334.

Agency Contact: Lindsay Russell, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3050

RIN: 1545-AQ47
_______________________________________________________________________

3084. RAILROAD UNEMPLOYMENT REPAYMENT TAX

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6302

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: The new regulations will restore the authority of the Service 
to require quarterly payments of the Railroad Unemployment Repayment 
Tax. The authority was inadvertently eliminated under section 7106 of 
TAMRA.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/13/93                    58 FR 28374
NPRM Comment Period End         07/12/93
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-079-89.
Drafting attorney: Jean Casey (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Kevin Knopf (202) 622-2329.

Agency Contact: Jean Casey, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6040

RIN: 1545-AN40
_______________________________________________________________________

3085. FEDERAL TAX DEPOSITS BY ELECTRONIC FUNDS TRANSFER

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 6302(h)

CFR Citation:  26 CFR 1; 26 CFR 31; 26 CFR 40

Legal Deadline:  NPRM, Statutory, July 6, 1994.

Abstract: Proposes to adopt as final regulations temporary regulations 
that describe taxpayers that must make deposits of taxes by means of 
electronic funds transfer, the types of taxes that must be deposited 
and when the deposits must commerce.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/11/94                    59 FR 35418
Hearing                         09/12/94                    59 FR 35418
Final Action                    02/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-003-94
Drafting attorney: Vincent G. Surabian (202) 622-4940.
Reviewer attorney: Norlyn Miller (202) 622-4940.
Treasury attorney: Mary Heath (202) 622-0868.

Agency Contact: Vincent G. Surabian, Attorney-Adviser (Tax), Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AS79
_______________________________________________________________________

3086. DEPOSITS OF EXCISE TAX

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 6302

CFR Citation:  26 CFR 40

Legal Deadline: None

Abstract: Safe harbor rules relating to additional deposit of excise 
taxes required by section 6302(e) and (f).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/29/95                    60 FR 44788
Final Action                    05/00/96

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: PS-8-95
Drafting attorney: Ruth E. Hoffman (202) 622-3130.
Reviewing attorney: Jeffrey M. Nelson (202) 622-3130.

Agency Contact: Ruth E. Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AT25
_______________________________________________________________________

3087. IMPOSITION OF ACCURACY-RELATED PENALTY

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Notice of Proposed Rulemaking that provides guidance on the 
imposition of the accuracy-related penalty under sections 6662(e) and 
(h) and section 6664(c) for transactions between persons described in 
section 482 and net section 482 transfer pricing adjustments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-021-91.
Drafting attorney: Carolyn Fanaroff (202) 622-3880.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: Carolyn D. Fanaroff, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AS24
_______________________________________________________________________

3088. POLITICAL ACTIVITY INJUNCTION

Priority:  Other Significant

Legal Authority:  26 USC 7409; 26 USC 6852; 26 USC 4955

CFR Citation:  26 CFR 53; 26 CFR 301

Legal Deadline: None

Abstract: The regulation will provide the procedures necessary to 
provide a two-tiered test on political expenditures of section 
501(c)(3) organizations and/or agreement to the expenditures by 
organization managers, to enjoin and/or make termination assessments in 
the case of a certain political expenditure by a section 501(c)(3) 
organization.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/13/94                    59 FR 64359
Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-48-90.
Drafting attorney: Cynthia Morton (202) 622-6070.
Reviewing attorney: Paul Accettura (202) 622-6070.

Agency Contact: Cynthia Morton, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-6070

RIN: 1545-AO77
_______________________________________________________________________

3089. ACTUARIAL TABLES EXCEPTIONS

Priority:  Other Significant

Legal Authority:  26 USC 7520

CFR Citation:  26 CFR 1.7520-3; 26 CFR 20.7520-3; 26 CFR 25.7520-3

Legal Deadline: None

Abstract: The regulations will provide for deviation from use of 
actuarial tables that are prescribed in regulations under section 7520 
of the Internal Revenue Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/10/94                    59 FR 30180
NPRM Comment Period End         08/09/94                    59 FR 30180
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-26-93
Drafting attorney: William L. Blodgett (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: William L. Blodgett, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3090
Fax: 202 622-4524

RIN: 1545-AR56
_______________________________________________________________________

3090. ENVIRONMENTAL SETTLEMENT FUNDS--CLASSIFICATION 7701

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 7701

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations address the classification for Federal tax 
purposes of an organization established as a trust pursuant to State 
law that has as its primary purpose the remediation of a hazardous 
waste site pursuant to an order of the Environmental Protection Agency 
(EPA) or comparable State or local governmental entity.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/04/95                    60 FR 39903
Final Action                    06/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-54-94
Drafting Attorney: James A. Quinn (202) 622-3060.
Reviewing Attorney: J. Thomas Hines (202) 622-3060.

Agency Contact: James A. Quinn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
Phone: 202 622-3060

RIN: 1545-AT02
_______________________________________________________________________

3091. SPECIAL RULES FOR S CORPS UNDER 301.7701(B)-7

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 7701(b)

CFR Citation:  26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: The regulation will provide rules that will permit a dual 
resident S Corp shareholder, who has claimed a treaty benefit, to be 
treated as a U.S. resident for purposes of section 1361(a)(1) of the 
Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/27/92                    57 FR 15272
NPRM Comment Period End         06/26/92                    57 FR 15272
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-40-94
Drafting attorney: David A. Juster (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: P. Ann Fisher (202) 622-1755.
This regulation project was previously part of INTL-121-90
RIN: 1545-AP35.

Agency Contact: David A. Juster, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AS88
_______________________________________________________________________

3092. CERTAIN PUBLICLY TRADED PARTNERSHIPS TREATED AS CORPORATIONS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301; 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules relating to the 
classification of publicly traded partnerships.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/02/95                    60 FR 21475
Hearing                         07/31/95                    60 FR 21475
Final Action                    11/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-13-88.
Drafting attorney: Christopher T. Kelley (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.

Agency Contact: Christopher Kelley, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3080

RIN: 1545-AL57
_______________________________________________________________________

3093. CERTAIN ELECTIONS UNDER THE OMNIBUS BUDGET RECONCILIATION ACT 
OF 1993

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provides guidance to the public relating to the time and 
manner of making certain elections enacted as part of the Omnibus 
Budget Reconciliation Act of 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/27/93                    58 FR 68336
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-62-93
Drafting Attorney: George Bradley (202) 622-8104.
Reviewing Attorney: Linda Kroening (202) 622-4800.

Agency Contact: George Bradley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-6316

RIN: 1545-AS14
_______________________________________________________________________

3094. INFORMATION REPORTING FOR DISCHARGES OF INDEBTEDNESS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The proposed regulations provide rules for information 
reporting on discharges of indebtedness by certain government and 
financial entities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/27/93                    58 FR 68337
NPRM Comment Period End         03/30/94                    58 FR 68337
Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-63-93
Drafting attorney: Michael Schmit (202) 622-4960.
Reviewing attorney: Steve Toomey (202) 622-4960.

Agency Contact: Michael Schmit, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-6316

RIN: 1545-AS21
_______________________________________________________________________

3095. DISCLOSURE OF RETURN INFORMATION TO THE U.S. CUSTOMS SERVICE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; PL 103-182, sec 522

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations specify the procedure by which 
return information may be disclosed to the U.S. Customs Service as 
authorized by section 6103(l)(14) of the Code and describe the 
conditions and restrictions on the use and redisclosure of that 
information. The regulations limit the return information to be 
disclosed to that relevant to the purpose authorized by the statute, 
i.e. ascertaining the correctness of entries in Customs audits and 
describe several aspects of this purpose to which requested return 
information may relate. The regulations also provide for Customs' use 
and redisclosure of the information to the extent necessary to collect 
amounts due and owing as a result of those audits. The regulations will 
result in some administrative costs to the IRS in retrieving the 
requested data and is expected to result in increased revenues through 
more effective enforcement of the Customs laws.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/11/94                    59 FR 11566
NPRM Comment Period End         05/10/94                    59 FR 11566
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: DL-21-94.
Drafting attorney: Donald Squires (202) 622-4570.
Reviewing attorney: Joseph Urban (202) 622-4570.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Donald Squires, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-4570

RIN: 1545-AS52
_______________________________________________________________________

3096. SEALS OF OFFICE IN CONNECTION WITH IRC SECTION 7514

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations would amend the available seals used by 
Internal Revenue districts.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/03/95                       60 FR 83
Final Action                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-019-93
Drafting Attorney: Robert A. Walker (202) 622-3640.
Reviewing Attorney: Robert A. Miller (202) 622-3640.

Agency Contact: Robert A. Walker, Docket Attorney (General Litigation), 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Ave. NW., Washington, DC 20224
Phone: 202 622-3640

RIN: 1545-AS61
_______________________________________________________________________

3097. HEDGING TRANSACTIONS BY MEMBERS OF CONSOLIDATED GROUPS

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  26 USC 7805; 26 USC 1502; 26 USC 6001

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations relate to the character and timing of gain or 
loss hedging transactions entered into by members of a consolidated 
group.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/18/94                    59 FR 36394
NPRM Comment Period End         09/26/94                    59 FR 36394
Hearing                         10/18/94                    59 FR 36394
Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-34-94.
Drafting attorney: Jo Lynn Ricks (202) 622-3920.
Reviewing attorney: Mike Novey (202) 622-3267.
Treasury attorney: David Weisbach (202) 622-1129.
Treasury attorney: Mary Heath (202) 622-0868.

Agency Contact: Jo Lynn Ricks, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington DC 
20224
Phone: 202 622-3920

RIN: 1545-AS75
_______________________________________________________________________

3098. DEBT INSTRUMENTS WITH OID; ANNUITY CONTRACTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1275(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations determine which annuity contracts issued by 
banks are debt instruments for purposes of OID regs.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/07/95                    60 FR 17731
NPRM Comment Period End         07/18/95                    60 FR 17731
Hearing                         08/08/95                    60 FR 17731
Final Action                    12/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-33-94.
Drafting attorney: Jeffrey Maddrey (202) 622-3940.
Reviewing attorney: Andrew Kittler (202) 622-3940.

Agency Contact: Andrew Kittler, Senior Technical Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3940

RIN: 1545-AS76
_______________________________________________________________________

3099. NONBANK TRUSTEE NET WORTH REQUIREMENTS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project will revise regulations that will provide rules 
for insuring adequacy of net worth for nonbank trustees.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/06/94                    59 FR 62644
NPRM Comment Period End         01/05/95                    59 FR 62644
Final Action                    12/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: EE-38-94
Drafting attorney: Judith E. Alden (202) 622-6030.
Reviewing attorney: Nancy J. Marks (202) 622-6000.
Treasury attorney: Elizabeth Buchbinder (202) 622-1352.

Agency Contact: Judith E. Alden, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111Constiution Ave. NW., Washington, DC 
20224
Phone: 202 622-6030

RIN: 1545-AS92
_______________________________________________________________________

3100. REISSUANCE OF QUALIFIED TENDER BONDS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1.150

Legal Deadline: None

Abstract: The proposed regulation provides rules for determining 
whether certain events will cause ``qualified tender bonds'' to be 
treated as retired and reissued for purposes of applying sections 103, 
141-150, 1394, and 7871 and whether banks have acquired tax-exempt 
bonds under section 265.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            12/00/95

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Additional Information: FI-58-94.
Drafting attorney: Nancy Lashnits (202) 622-3980.
Reviewing attorney: Lon Smith (202) 622-3980.

Agency Contact: Nancy M. Lashnits, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-AT10
_______________________________________________________________________

3101. MODIFICATIONS OF BAD DEBT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation project will provide guidance to taxpayers 
that modify the terms of a debt instrument after deducting an amount 
for partial worthlessness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-59-94.
Drafting attorney: Craig Wojay (202) 622-3018.
Reviewing attorney: Bernita Thigpen (202) 622-3491.

Agency Contact: Craig Wojay, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3018

RIN: 1545-AT14
_______________________________________________________________________

3102. METHODS OF SIGNING

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301; 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance to the public for 
filing returns, statements, or other documents electronically with an 
electronic signature.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/21/95                    60 FR 37621
Final Action                    01/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-10-95
Drafting attorney: Celia Gabrysh (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.

Agency Contact: Celia Gabrysh, Attorney-Adviser (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-6316

RIN: 1545-AT23
_______________________________________________________________________

3103.  STRADDLES - MISCELLANEOUS ISSUES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project holds equity swaps to be straddles.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/02/95                    60 FR 21482
Final Action                    07/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-21-95.
Drafting attorney: Robert Williams (202) 622-3960.
Reviewing attorney: Alice Bennett (202) 622-3960.
Treasury attorney: Clarissa Potter (202) 622-0999.

Agency Contact: Robert Williams, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, `
Phone: 202 622-3960
Fax: 202 622-4425

RIN: 1545-AT46
_______________________________________________________________________

3104.  BACKUP WITHHOLDING

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 31; 26 CFR 35a; 26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: To provide rules relating to the requirement to backup 
withhold on certain reportable payments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/27/90                    55 FR 39427
NPRM Comment Period End         01/25/91                    55 FR 39427
Final Action                    10/00/95

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Federal

Additional Information: IA-31-95.
Drafting attorney: Renay France (202) 622-4910.
Reviewing attorney: John Coulter (202) 622-4910.
Treasury attorney: E. Wagner (202) 622-1778.

Agency Contact: Renay France, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20024
Phone: 202 622-4910
Fax: 202 622-6316

RIN: 1545-AT76
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions
Internal Revenue Service (IRS)
  
_______________________________________________________________________
  
3105. REISSUANCE OF MORTGAGE CREDIT CERTIFICATES (CROSS-REFERENCE 
TO TEMPORARY REGULATIONS)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/22/93                    58 FR 67744
NPRM Comment Period End         02/22/94                      59 FR 807


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: L. Michael Wachtel
Phone: 202 622-3980

RIN: 1545-AR76
_______________________________________________________________________

3106.  DISABLED ACCESS CREDIT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 0044(e)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will explain who is eligible for the credit 
and what types of expenditures will qualify for the credit.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: PS-94-91
Drafting attorney: Robert Pitzer (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.

Agency Contact: Mark Pitzer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4524

RIN: 1545-AT72
_______________________________________________________________________

3107. TEN PERCENT ADDITIONAL TAX ON EARLY DISTRIBUTION FROM 
QUALIFIED PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Rebecca Wilson
Phone: 202 622-6040

RIN: 1545-AN16
_______________________________________________________________________

3108.  EXCLUSION FROM INCOME OF CERTAIN COST-SHARING 
PAYMENTS UNDER GOVERNMENT PROGRAMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0126; 26 USC 1255

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations implement sections 126 and 1255, which were 
added to the Code by section 543 of the Revenue Act of 1978 and amended 
by section 105(a)(7) of the Technical Corrections Act of 1979. Section 
126 provides an exclusion from income of a portion (or all) of certain 
cost-sharing payments made to a person under any programs described in 
section 126(a) which is determined by the Secretary of Agriculture to 
be made primarily for the purpose of conserving soil and water 
resources, protecting or restoring the environment, improving forests, 
or providing a habitat for wildlife, and is determined by the Secretary 
of Treasury or his delegate as not increasing substantially the annual 
income derived from the property. Section 1255 provides recapture 
provisions for early disposition of section 126 property.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-222-78
Drafting attorney: A. Michael Santoro (202) 622-3120.
Reviewing attorney: Christine Ellison (202) 622-3120.

Agency Contact: A. Michael Santoro, Tax Law Specialist, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3120

RIN: 1545-AT73
_______________________________________________________________________

3109. QUALIFIED RESIDENCE INTEREST

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sharon L. Hall
Phone: 202 622-4930

RIN: 1545-AL67
_______________________________________________________________________

3110. LEASE TERM; EXCHANGES OF TAX-EXEMPT USE PROPERTY

Priority:  Other Significant

CFR Citation:  26 CFR 1

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/21/95                    60 FR 19868
Hearing                         08/02/95                    60 FR 10868
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John M. Aramburu
Phone: 202 622-4960

RIN: 1545-AT33
_______________________________________________________________________

3111. SCOPE OF GENERAL UTILITIES REPEAL

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Stephen R. Cleary
Phone: 202 622-7530

RIN: 1545-AN21
_______________________________________________________________________

3112. SECTION 338(H)(10) AND INSURANCE COMPANIES

Priority:  Other Significant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gary Geisler
Phone: 202 622-3970

RIN: 1545-AS56
_______________________________________________________________________

3113. REVISING THE DEFINITION OF THE FULL FUNDING LIMITATION FOR 
PURPOSES OF THE MINIMUM FUNDING REQUIREMENT FOR PENSION PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Linda Marshall
Phone: 202 622-6030

RIN: 1545-AL53
_______________________________________________________________________

3114. GUIDANCE ON WHAT CONSTITUTES AN INTEREST OTHER THAN THAT OF A 
CREDITOR

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeffrey Erickson
Phone: 202 622-3080

RIN: 1545-AO32
_______________________________________________________________________

3115.  GUIDANCE ON SECTION 468

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0468

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance on the application of special rules for mining and 
solid waste reclamation and closing costs.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-28-95
Drafting attorney: Mary A. Berman (202) 622-3120.
Reviewing attorney: Joseph Makurath (202) 622-3120.

Agency Contact: Mary A. Berman, Department of the Treasury, Internal 
Revenue Service
Phone: 202 622-3120

RIN: 1545-AT59
_______________________________________________________________________

3116. APPLICATION OF PASSIVE ACTIVITY LOSS AND CREDIT LIMITATIONS 
TO TRUSTS, ESTATES, AND THEIR BENEFICIARIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Katherine Mellody
Phone: 202 622-3090

RIN: 1545-AN62
_______________________________________________________________________

3117. INVENTORIES BY DEALERS IN SECURITIES SECTION 1.471-5

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Nicholos G. Bogos
Phone: 202 622-3920

RIN: 1545-AS57
_______________________________________________________________________

3118. TREATMENT OF DEFERRED PAYMENTS AND APPRECIATION ARISING OUT 
OF BUSINESS CONDUCTED WITHIN THE UNITED STATES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kristine K. Schlaman
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AM53
_______________________________________________________________________

3119. DEEMED PAID CREDIT UNDER SECTION 902 DETERMINED ON 
ACCUMULATED BASIS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/06/95                     60 FR 2049
NPRM Comment Period End         04/10/95                     60 FR 2049
Final Action                    12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Caren S. Shein
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AL98
_______________________________________________________________________

3120. AMENDMENT TO SUBPART F DEFINITIONS

Priority:  Other Significant

CFR Citation:  26 CFR 1.954-2(b); 26 CFR 1.954-2(g); 26 CFR 1.954-2(h)

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/07/95                    60 FR 46548
Hearing                         01/04/96                    60 FR 46548


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Valerie A. Mark
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AR31
_______________________________________________________________________

3121. CONTINGENT AND VARIABLE DEBT INSTRUMENTS

Priority:  Other Significant

CFR Citation:  26 CFR 1

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/16/94                    59 FR 64884
NPRM Comment Period End         03/16/95                    59 FR 64884
Hearing                         03/16/95                    60 FR 64884


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William E. Blanchard
Phone: 202 622-3950

RIN: 1545-AQ86
_______________________________________________________________________

3122. DEBT INSTRUMENTS WITH ORIGINAL ISSUE DISCOUNT: ANTI-ABUSE 
RULE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/02/94                     59 FR 4878
NPRM Comment Period End         04/04/94                     59 FR 4878


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William E. Blanchard
Phone: 202 622-3950

RIN: 1545-AS35
_______________________________________________________________________

3123. CONSOLIDATED ALTERNATIVE MINIMUM TAX

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/30/92                    57 FR 62251
Final Action                    10/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Martin Scully
Phone: 202 622-4960

RIN: 1545-AN73
_______________________________________________________________________

3124.  ESTATE TAX-VALUATION OF CERTAIN FARM, ETC., REAL 
PROPERTY

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 2032A; 26 USC 2013(f); 26 USC 
1040; 26 USC 1016(c)

CFR Citation:  26 CFR 1; 26 CFR 20

Legal Deadline: None

Abstract: Special use valuation of certain farm closely held business 
real property is available to qualifying estates. The regulation will 
contain definitions and rules relating to the various requirements 
which an estate must satisfy and will provide rules covering the 
imposition and payment of the ``Additional Estate Tax'' should a 
qualified heir fail to meet the post-death requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-209-81
Drafting attorney: Deborah Ryan (202) 622-3090.
Reviewing attorney: Frances Schafer (202) 622-3090.

Agency Contact: Deborah Ryan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service
Phone: 202 622-3090
Fax: 202 622-4524

RIN: 1545-AT66
_______________________________________________________________________

3125. ESTATE TAX--ANNUITY EXCLUSION REPEAL

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 20

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William L. Blodgett
Phone: 202 622-3090

RIN: 1545-AP60
_______________________________________________________________________

3126.  REFORMATION OF CHARITABLE TRANSFERS-DEFINITION OF 
GUARANTEED ANNUITY AND LEAD UNITRUST INTEREST

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 2055(e)(13)

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: This regulation will address: (1) Defining commencement under 
the 90-day rule; (2) Defining what is a reformable interest; (3) 
Reforming a remainder interest in a trust.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-70-89
Drafting attorney: Esther Woodworth (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: Esther Woodworth, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service
Phone: 202 622-3090
Fax: 202 622-4524

RIN: 1545-AT65
_______________________________________________________________________

3127.  EXCEPTION FROM SUPPLEMENTAL TAX

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: The regulations will provide guidance to railroad employees 
in applying the exception to supplemental annuity tax with respect to 
employees covered by a supplemental pension plan.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: EE-22-95.
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Mary F. Oppenheimer (202) 622-6010.
Treasury attorney: Kevin Knopf (202) 622-2329.

Agency Contact: Linda Marshall, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-6030

RIN: 1545-AT56
_______________________________________________________________________

3128. INFORMATION REPORTING AND BACKUP WITHHOLDING

Priority:  Other Significant

CFR Citation:  26 CFR 1; 26 CFR 31; 26 CFR 35a

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/29/88                    53 FR 05991
Hearing                         06/15/89                    54 FR 11236


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Teresa B. Hughes
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AL99
_______________________________________________________________________

3129. TREATMENT OF REAL ESTATE AGENTS AND DIRECT SELLERS AS 
NONEMPLOYEES FOR EMPLOYMENT TAX PURPOSES--REPORTING REQUIREMENTS WITH 
RESPECT TO DIRECT SELLERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 31

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/07/86                      51 FR 619
NPRM Comment Period End         03/10/86                      51 FR 619
Hearing                         06/18/86


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Alfred Kelley
Phone: 202 622-6040

RIN: 1545-AE62
_______________________________________________________________________

3130. COMMUNICATIONS TAX REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 49

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           07/31/92                    57 FR 33918
NPRM                            10/00/96

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Agency Contact: Bernard Weberman
Phone: 202 622-4524

RIN: 1545-AP67
_______________________________________________________________________

3131. 6114 REPORTING REQUIREMENTS WAIVED

Priority:  Other Significant

CFR Citation:  26 CFR 301; 26 CFR 602

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/27/92                    57 FR 15272
NPRM Comment Period End         06/26/92                    57 FR 15272


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: David A. Juster
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AP35
_______________________________________________________________________

3132. INTERIM FISHING VESSEL CAPITAL CONSTRUCTION FUND PROCEDURES

Priority:  Other Significant

CFR Citation:  26 CFR 3

Timetable: Next Action Undetermined

Small Entities Affected: Businesses, Organizations

Government Levels Affected: Undetermined

Agency Contact: David Selig
Phone: 202 622-3040
Fax: 202 622-4524

RIN: 1545-AS69
_______________________________________________________________________

3133.  GUIDANCE FOR AIR CARGO CARRIERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 49

Legal Deadline: None

Abstract: This project is intended to provide guidance to carriers of 
air cargo regarding their responsibility to collect the tax provided by 
section 4271 of the Code. Specifically, the regulation should provide 
clarification of the meaning of the term ``amount paid for the 
transportation of property by air.''

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-14-95.
Drafting attorney: Bernard Weberman (202) 622-3130.
Reviewing attorney: Edward Madden (202) 622-3130.

Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AT30
_______________________________________________________________________

3134.  CERTAIN FRINGE BENEFITS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The purpose of this project is to change the section 132 
regulations to conform with the amendment to section in the Energy 
Policy Act of 1992.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: State, Local, Tribal, Federal

Additional Information: EE-73-92.
Drafting attorney: Dean Morley (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.

Agency Contact: Dean Morley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, Room 5333
Phone: 202 622-6040
Fax: 202 622-4631

RIN: 1545-AT45
_______________________________________________________________________

3135.  EFFECT OF THE FAMILY AND MEDICAL LEAVE ACT ON THE 
OPERATION OF CAFETERIA PLANS

Priority:  Other Significant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation contains proposed additions to the Income Tax 
regulations under section 125 of the Internal Revenue Code, relating to 
cafeteria plans, to answer a number of questions that have been raised 
about how the requirements under the Family and Medical Leave Act of 
1993, PL 103-3, affect the operations of cafeteria plans.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-20-95.
Reviewing attorney: Harry Beker (202) 622-6080.
Treasury attorney: Mark Hamelburg (202) 622-1341.

Agency Contact: Catherine Fuller, Paralegal Specialist, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, CC:EBEO:6
Phone: 202 622-6080
Fax: 202 622-3912

RIN: 1545-AT47
_______________________________________________________________________

3136.  PROPERTY DISTRIBUTED IN KIND AND TREATMENT OF 
MULTIPLE TRUSTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to the tax 
consequences when property is distributed in kind from a trust or 
estate, including rules specifying what gain is recognized upon 
distribution, who recognizes such gain, and what the basis of the 
distributed property is in the hands of the distributee.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-34-85
Drafting attorney: Laura Howell (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.

Agency Contact: Laura Howell, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AT68
_______________________________________________________________________

3137.  AMORTIZATION-GOODWILL INTANGIBLES 197

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; PL 103-66

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This temporary regulation is intended to provide guidance to 
taxpayers on the manner of electing retroactive treatment for 
amortization of intangibles acquired after July 25, 1991, and the rules 
for implementing such election.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/15/94                    59 FR 11957


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-55-93
Drafting attorney: John Huffman (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.

Agency Contact: John Huffman, Department of the Treasury, Internal 
Revenue Service
Phone: 202 622-3110

RIN: 1545-AT70
_______________________________________________________________________

3138.  TO ADD PROVISIONS RELATING TO START-UP EXPENDITURES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance to taxpayers electing 
to amortize start-up expenditures relating to the creation or 
acquisition of an active trade or business.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-36-81
Drafting attorney: David Selig (202) 622-3040.
Reviewing attorney: James Ranson (202) 622-3040.

Agency Contact: David Selig, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service
Phone: 202 622-3040
Fax: 202 622-4524

RIN: 1545-AT71
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Internal Revenue Service (IRS)
  
_______________________________________________________________________
  
3139. ALLOWANCES RECEIVED BY MEMBERS OF THE ARMED FORCES IN 
CONNECTION WITH MOVES TO NEW PERMANENT DUTY STATIONS

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8607            08/07/95                    60 FR 40075

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marilyn E. Brookens
Phone: 202 622-4920

RIN: 1545-AS98
_______________________________________________________________________

3140. REVISION OF SECTION 83 DEDUCTION RULES

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8599            07/19/95                    60 FR 36995

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: None

Agency Contact: Charles T. Deliee
Phone: 202 622-6060

RIN: 1545-AN55
_______________________________________________________________________

3141. LOBBYING EXPENSE DEDUCTIONS--DUES

Priority:  Other Significant

CFR Citation:  26 CFR 1.162(e)

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8602            07/21/95                    60 FR 37568

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: George Kelley
Phone: 202 622-4920

RIN: 1545-AS18
_______________________________________________________________________

3142. ALLOCATION OF EXPENSES TO LOBBYING

Priority:  Other Significant

CFR Citation:  26 CFR 1.162(e)

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8602            07/21/95                    60 FR 37568

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: George Kelley
Phone: 202 622-4920

RIN: 1545-AS26
_______________________________________________________________________

3143. RECAPTURE--CLEAN FUEL/ELECTRIC VEHICLES

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8606            08/03/95                    60 FR 39649

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joanne Johnson
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AR23
_______________________________________________________________________

3144. DISTRIBUTIONS BY COOPERATIVE HOUSING ASSOCIATION

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed Without Regulations      08/21/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lisa Shuman
Phone: 202 622-3120

RIN: 1545-AO91
_______________________________________________________________________

3145. RULES FOR TREATMENT OF FOREIGN CORPORATION WHOSE STOCK IS 
STAPLED TO THE STOCK OF A DOMESTIC CORPORATION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Patricia A. Bray
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AN20
_______________________________________________________________________

3146. COMBINING TRANSACTIONS

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Keith E. Stanley
Phone: 202 622-7530

RIN: 1545-AT20
_______________________________________________________________________

3147. VALUATION OF PLAN DISTRIBUTION

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8591            04/05/95                    60 FR 17216
Final Action Effective          04/05/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Linda Marshall
Phone: 202 622-6030

RIN: 1545-AT28
_______________________________________________________________________

3148. EFFECTIVE DATES OF THE ECONOMIC PERFORMANCE REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8593            04/13/95                    60 FR 18742
Final Action Effective          04/13/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James Atkinson
Phone: 202 622-4910

RIN: 1545-AT16
_______________________________________________________________________

3149. TREATMENT OF INCOME AND EXPENSES WITH RESPECT TO FORECLOSED 
PROPERTY BY CERTAIN MUTUAL SAVINGS INSTITUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed Without Regulations      08/17/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Arnold Golub
Phone: 202 622-3950

RIN: 1545-AS78
_______________________________________________________________________

3150.  INCOME TAXATION OF TRUST AND ESTATE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 0672; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules regarding taxation of 
certain grantor trusts.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-018-93
Drafting attorney: James Quinn (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.

Agency Contact: James A. Quinn, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AT67
_______________________________________________________________________

3151. FOREIGN GRANTOR TRUSTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joseph Henderson
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AO75
_______________________________________________________________________

3152. PARTNERSHIP LIABILITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed Without Regulations      04/03/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary A. Berman
Phone: 202 622-3050

RIN: 1545-AR62
_______________________________________________________________________

3153. TAXATION OF FOREIGN INSURANCE COMPANIES DOING BUSINESS IN THE 
UNITED STATES, INCLUDING THE EXPLICATION OF THE MINIMUM NET INVESTMENT 
INCOME CALCULATION

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed Without Regulations      08/17/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Katherine A. Hossofsky
Phone: 202 622-3477
Fax: 202 622-4425

RIN: 1545-AN31
_______________________________________________________________________

3154. FOREIGN INSURANCE COMPANIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary Gillmarten
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AL82
_______________________________________________________________________

3155. SPECIAL RULES FOR DETERMINING SOURCE

Priority:  Other Significant

CFR Citation:  26 CFR 1.863-1(d)

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8615            08/25/95                    60 FR 44274

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David F. Bergkuist
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AQ81
_______________________________________________________________________

3156.  SPECIAL RULES FOR DETERMINING SOURCES OF PRIZES AND 
AWARDS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 0863(a)

CFR Citation:  26 CFR 1.863-1(d)

Legal Deadline: None

Abstract: The regulations provide rules for determining the source of 
certain prizes, awards, and grants.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-027-95.
Drafting attorney: David Bergkuist (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: David Bergkuist, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AT53
_______________________________________________________________________

3157.  SPECIAL RULES FOR DETERMINING SOURCES OF PRIZES AND 
AWARDS

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 0863(a)

CFR Citation:  26 CFR 1.863-1(d)

Legal Deadline: None

Abstract: The regulations provide rules for determining the source of 
certain prizes, awards, and grants.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-027-95.
Drafting attorney: David Bergkuist (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Warren Crowdus (202) 622.1779.

Agency Contact: David Bergkuist, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AT54
_______________________________________________________________________

3158. PROPOSED REGULATIONS UNDER SECTION 1.884-3

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sharon Bomgardner
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AQ72
_______________________________________________________________________

3159. DIVIDEND WITHHOLDING--LUXEMBOURG CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joseph S. Henderson
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AQ54
_______________________________________________________________________

3160. SECTION 905(B) REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Carl M. Cooper
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AP36
_______________________________________________________________________

3161. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS 
RECEIVED, DEDUCTION, AND OTHER SPECIAL RULES FOR FSC

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Richard L. Chewning
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AI16
_______________________________________________________________________

3162. SOURCE RULES WITHIN THE VIRGIN ISLANDS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ricardo A. Cadenas
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AL40
_______________________________________________________________________

3163. SUBPART F--USE OF DEFICITS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Valerie A. Mark
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AJ71
_______________________________________________________________________

3164. SUBPART F DEFINITIONS

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8618            09/07/95                    60 FR 46500

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lisa G. Sams
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AM15
_______________________________________________________________________

3165. DEEMED-PAID CREDIT UNDER SECTION 960, DETERMINED ON 
ACCUMULATED BASIS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Caren S. Shein
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AQ34
_______________________________________________________________________

3166. EFFECT OF ACQUISITIVE REORGANIZATIONS ON EARNINGS AND PROFITS 
POOLS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Caren S. Shein
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AO71
_______________________________________________________________________

3167. DISC REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Leslie B. Van Der Wal
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AM05
_______________________________________________________________________

3168. INCOME TAX--TAX REFORM ACT OF 1984 RELATING TO INTEREST 
CHARGE DISCS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David Bergkuist
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AG71
_______________________________________________________________________

3169. SECTION 1244, INFORMATION STATEMENT

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8594            04/28/95                    60 FR 20898

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kirsten Simpson
Phone: 202 622-7790

RIN: 1545-AS97
_______________________________________________________________________

3170. INCOME TAX--DEFINITION OF S CORPORATION

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8600            07/21/95                    60 FR 37578
Final Action Effective          07/21/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Laura Howell
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AE86
_______________________________________________________________________

3171. CONSOLIDATED GROUPS AND CONTROLLED GROUPS--INTERCOMPANY 
TRANSACTIONS AND RELATED RULES

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed Without Regulations      08/23/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Roy Hirschhorn
Phone: 202 622-7770

RIN: 1545-AL63
_______________________________________________________________________

3172.  MEMBER STOCK TRANSACTIONS (TEMPORARY)

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The rules disallow less and exclude gain for certain 
dispositions and other transactions involving stock of the common 
parent of a consolidated group. The rules prevent taxpayers from 
recognizing certain gains and losses on common parent stock that would 
not be recognized if a consolidated group were treated as a single 
entity.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8598            07/12/95                    60 FR 36669
Final Action Effective          07/12/95                    60 FR 36669

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-24-95.
Drafting attorney: David Kessler (202) 622-7770.
Reviewing attorney: Victor Penico (202) 622-7750.
Treasury attorney: David Weisbach (202) 622-7710.

Agency Contact: Victor Penico, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7750
Fax: 202 622-6834

RIN: 1545-AT50
_______________________________________________________________________

3173.  INTERCOMPANY TRANSACTIONS AND RELATED RULES

Priority:  Other Significant

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance relating to the treatment of 
intercompany transactions and distributions between members of a 
consolidated group.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/15/94                    59 FR 18011
NPRM Comment Period End         07/18/94                    59 FR 18011
Final Action TD 8597            07/12/95                    60 FR 36671

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-11-91.
Drafting attorney: Roy Hirschhorn (202) 622-7770.
Reviewing attorney: Edward S. Cohen (202) 622-7760.
Treasury attorney: David Weisbach (202) 622-1129.
Treasury attorney: Seth Green (202) 622-0865.

Agency Contact: Roy Hirschhorn, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-AT58
_______________________________________________________________________

3174. INCOME TAX--INCLUDIBILITY IN AN AFFILIATED GROUP OF 
SUBSIDIARIES FORMED TO COMPLY WITH FOREIGN LAWS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kenneth Allison
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AC58
_______________________________________________________________________

3175. ALIEN SPOUSE MARITAL DEDUCTION

Priority:  Other Significant

CFR Citation:  26 CFR 20; 26 CFR 25

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8612            08/22/95                    60 FR 43531
Final Action Effective          08/22/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Susan Hurwitz
Phone: 202 622-3090

RIN: 1545-AM85
_______________________________________________________________________

3176. QDOT SECURITY REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 20

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8613            08/22/95                    60 FR 43554

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Susan Hurwitz
Phone: 202 622-3090

RIN: 1545-AS67
_______________________________________________________________________

3177. BACKUP WITHHOLDING UNDER SECTION 3406

Priority:  Other Significant

CFR Citation:  26 CFR 31

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8409            04/15/92                    57 FR 13028

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Renay France
Phone: 202 622-4910

RIN: 1545-AE20
_______________________________________________________________________

3178. CLARIFYING AMENDMENTS TO SECTION 35A.3406-1 REGARDING BACKUP 
WITHHOLDING DUE TO AN INCORRECT TIN

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8409            04/15/92                    57 FR 13028

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Federal

Agency Contact: Renay France
Phone: 202 622-4910

RIN: 1545-AM51
_______________________________________________________________________

3179. DIESEL FUEL TAX--GASOHOL

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48.4081

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8609            08/07/95                    60 FR 40079

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Frank Boland
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AS10
_______________________________________________________________________

3180. 6046A - RETURNS AS TO INTERESTS IN FOREIGN PARTNERSHIPS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sharon Bomgardner
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AK75
_______________________________________________________________________

3181. SECTION 6048 REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Project closed or suspended. 
Guidance unnecessary or 
currently low priority.         10/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joseph S. Henderson
Phone: 202 622-3880
Fax: 202 622-4479

RIN: 1545-AR25
_______________________________________________________________________

3182. EXTENSION OF TIME TO FILE

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed Without Regulations      09/06/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Margaret Owens
Phone: 202 622-4940

RIN: 1545-AR85
_______________________________________________________________________

3183. DEPOSITS OF EXCISE TAX

Priority:  Other Significant

CFR Citation:  26 CFR 40

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8616            08/29/95                    60 FR 44758
Final Action Effective          08/01/95

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Ruth E. Hoffman
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AT26
_______________________________________________________________________

3184. REVISE DISCLOSURE STANDARD FOR ACCURACY-RELATED PENALTY 
REGULATIONS

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8617            09/01/95                    60 FR 45661

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Rochelle Hodes
Phone: 202 622-4940

RIN: 1545-AS58
_______________________________________________________________________

3185. REDEMPTIONS OF REAL PROPERTY UNDER IRC 7425--EXCESS EXPENSES

Priority:  Other Significant

CFR Citation:  26 CFR 301

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8596            06/02/95                    60 FR 28719

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert A. Walker
Phone: 202 622-4208

RIN: 1545-AL20
_______________________________________________________________________

3186. TAXABLE MORTGAGE POOLS

Priority:  Other Significant

CFR Citation:  26 CFR 301

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8610            08/07/95                    60 FR 40086
Final Action Effective          09/06/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Arnold P. Golub
Phone: 202 622-3950

RIN: 1545-AP98
_______________________________________________________________________

3187. REGULATIONS DEALING WITH CONDUIT ARRANGEMENTS

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8611            08/11/95                    60 FR 40997

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Elissa Shendalman
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AS40
_______________________________________________________________________

3188. ENVIRONMENTAL SETTLEMENT FUNDS - CLASSIFICATION

Priority:  Other Significant

CFR Citation:  26 CFR 301

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed Without Regulations      08/21/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: James A. Quinn
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AT34
_______________________________________________________________________

3189. INCOME TAX--PRESUMPTION OF JEOPARDY IN THE CASE OF ILLEGAL 
ACTIVITY CASH

Priority:  Other Significant

CFR Citation:  26 CFR 301

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8605            08/03/95                    60 FR 39652

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jerome D. Sekula
Phone: 202 622-3640

RIN: 1545-AE30
_______________________________________________________________________

3190. PROCEDURE AND ADMINISTRATION REGULATIONS--PAYMENT OF TAXES BY 
CHECK OR MONEY ORDER AND LIABILITY OF FINANCIAL INSTITUTIONS FOR UNPAID 
TAXES

Priority:  Other Significant

CFR Citation:  26 CFR 301

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8595            04/28/95                    60 FR 20899

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert A. Walker
Phone: 202 622-3640

RIN: 1545-AI24
_______________________________________________________________________

3191. LIABILITY OF THIRD PARTIES PAYING OR PROVIDING FOR WAGES, 
SUIT, AND ITS EXTENSION AND MAXIMUM AMOUNT RECOVERABLE

Priority:  Other Significant

CFR Citation:  26 CFR 31

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8604            08/01/95                    60 FR 39109

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert A. Walker
Phone: 202 622-3640

RIN: 1545-AS22
_______________________________________________________________________

3192. REMIC VARIABLE INTEREST RATES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8614            08/17/95                    60 FR 42785

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William Cejudo
Phone: 202 622-3920

RIN: 1545-AS54
_______________________________________________________________________

3193. LOBBYING EXPENSES

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8602            07/21/95                    60 FR 37568

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: George Kelley
Phone: 202 622-4920

RIN: 1545-AS65
_______________________________________________________________________

3194. DEFINITION OF ``CLUB''

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8601            07/19/95                    60 FR 36993

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael L. Gompertz
Phone: 202 622-4910

RIN: 1545-AS71
_______________________________________________________________________

3195. ACCURACY-RELATED PENALTY; REASONABLE CAUSE AND GOOD FAITH 
EXCEPTION (GATT)

Priority:  Other Significant

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8617            09/01/95                    60 FR 45661

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Rochelle Hodes
Phone: 202 622-4940

RIN: 1545-AT13
_______________________________________________________________________

3196.  METHODS OF SIGNING

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The temporary regulations clarify that the IRS may prescribe 
the specific method of signing any return, statement, or other 
document. The regulations also provide that the IRS may require a 
return preparer to use a method of signing other than a pen-to-paper 
signature or a facsimile signature stamp.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8603            07/21/95                    60 FR 37589

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-10-95
Drafting attorney: Celia Gabrysh (202) 622-4940.

Agency Contact: Celia Gabrysh, Attorney-Adviser, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AT57
BILLING CODE 4830-01-F
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Office of Thrift Supervision (OTS)
  
_______________________________________________________________________
  
3197.  COMMUNITY REINVESTMENT ACT HEARING PROCEDURES

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 2901 et seq

CFR Citation:  12 CFR 543

Legal Deadline: None

Abstract: The OTS intends to rewrite its regulatory provisions 
concerning the determination of whether CRA protests are considered 
substantial. The intended effect of the rule is to give OTS additional 
discretion, paralleling that of the other Federal banking agencies, 
over whether to conduct oral hearings.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John M. Flannery, Senior Attorney, Regulations & 
Legislation Divisions, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7293

RIN: 1550-AA83
_______________________________________________________________________

3198.  REGULATORY REVIEW

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will eliminate existing text in the CFR.

Legal Authority:  5 USC 301; 5 USC 375b; 5 USC 552; 5 USC 559; 12 USC 
1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467; 12 USC 
1467a; 12 USC 1468; 12 USC 11701j-3; 12 USC 1817; 12 USC 1828; 12 USC 
2901 et seq; ...

CFR Citation:  12 CFR 500; 12 CFR 504; 12 CFR 510; 12 CFR 515; 12 CFR 
529; 12 CFR 533; 12 CFR 543; 12 CFR 545; 12 CFR 552; 12 CFR 556; 12 CFR 
562; 12 CFR 563; 12 CFR 563d; 12 CFR 563g; 12 CFR 567; ...

Legal Deadline: None

Abstract: Pursuant to the President's Regulatory Review Initiative, OTS 
has completed a page-by-page review of all agency regulations to 
determine whether each regulation is necessary, imposes the least 
burden possible consistent with safety and soundness, and is written in 
a clear, straightforward manner. The OTS has issued a notice of 
proposed rulemaking based upon the results of this review.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/28/95                    60 FR 44442
NPRM Comment Period End         10/27/95                    60 FR 44442
Final Action                    12/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Valerie J. Lithotomos, Counsel (Banking and Finance), 
Regulations & Legislation Division, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6439

RIN: 1550-AA85
_______________________________________________________________________

3199.  FLOOD INSURANCE

Priority:  Substantive, Nonsignificant

Legal Authority:  42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC 
4106; 42 USC 4128

CFR Citation:  12 CFR 563; 12 CFR 572

Legal Deadline: None

Abstract: The OTS and the other Federal banking agencies are 
considering issuing a notice of proposed rulemaking to ensure that 
institutions comply with relevant provisions of the National Flood 
Insurance Reform Act of 1994. The Act requires that the agencies 
promulgate regulations concerning (i) mandatory flood insurance 
purchase requirements, (ii) notice requirements, and (iii) escrow 
requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Larry Clark, Program Manager, Compliance Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5628

RIN: 1550-AA86
_______________________________________________________________________

3200.  REGULATORY REVIEW: CORPORATE GOVERNANCE

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 2901 et seq

CFR Citation:  12 CFR 543; 12 CFR 552

Legal Deadline: None

Abstract: The OTS is currently reviewing its corporate governance 
regulations, for both mutual and stock savings associations, in order 
to determine which regulations can be eliminated or improved, reducing 
regulatory burden for the thrift industry.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Mary Jo Johnson, Project Manager, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5739

RIN: 1550-AA87
_______________________________________________________________________

3201.  REGULATORY REVIEW: SUBSIDIARIES

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  5 USC 552; 5 USC 559; 12 USC 375b; 12 USC 1462; 12 
USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 
1817; 12 USC 1828; 12 USC 3806; 42 USC 4106

CFR Citation:  12 CFR 545; 12 CFR 563; 12 CFR 571

Legal Deadline: None

Abstract: This rulemaking will involve the review and reform of the 
OTS's existing subsidiary regulations and related policy with a view 
toward streamlining and reducing burden. The entities to be affected by 
the regulation are (i) service corporations and their joint ventures, 
(ii) subsidiaries, (iii) operating subsidiaries, (iv) finance 
subsidiaries, (v) pass-through entities, and (vi) special purpose 
corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Debra S. Merkle, Policy Analyst, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5688

RIN: 1550-AA88
_______________________________________________________________________

3202.  REGULATORY REVIEW: INSURANCE

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1828

CFR Citation:  12 CFR 545; 12 CFR 556; 12 CFR 563; 12 CFR 571

Legal Deadline: None

Abstract: The OTS is reviewing its regulations on (i) usurpation of a 
savings association's corporate opportunity to engage in the insurance 
business, (ii) hazard insurance coverage, and (iii) loan services and 
fees. The OTS intends to delete duplicative regulations, eliminate 
unnecessary requirements and consolidate appropriate provisions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Francis Raue, Policy Analyst, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5750

RIN: 1550-AA89
_______________________________________________________________________

3203.  REGULATORY REVIEW: ADJUSTABLE RATE MORTGAGES

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 
12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12 
USC 3806; 42 USC 4106

CFR Citation:  12 CFR 545; 12 CFR 563

Legal Deadline: None

Abstract: The OTS is reviewing its adjustable rate mortgage regulations 
to (i) clarify coverage, (ii) ensure consistency (internally and with 
the other Federal banking agencies), (iii) establish parity in coverage 
between its adjustable rate mortgage and disclosure requirements, and 
(iv) where possible, reduce regulatory burden.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John M. Flannery, Senior Attorney, Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7293

RIN: 1550-AA90
_______________________________________________________________________

3204.  REGULATORY REVIEW: LENDING REGULATIONS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  5 USC 552; 5 USC 559; 12 USC 375b; 12 USC 1462; 12 
USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 
1701j-3; 12 USC 1817; 12 USC 1828; 12 USC 3806; 15 USC 1693 to 1693r; 
42 USC 4106

CFR Citation:  12 CFR 545; 12 CFR 556; 12 CFR 563; 12 CFR 571

Legal Deadline: None

Abstract: The OTS is reviewing its lending regulations with a view 
toward making the regulations more concise and less burdensome for both 
federally and state-chartered savings associations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William Magrini, Project Manager for Credit Policy, 
Supervision Policy, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-5744

RIN: 1550-AA91
_______________________________________________________________________

3205.  REGULATORY REVIEW: FEDERAL PREEMPTION

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1701j-
3; 12 USC 1735f-7a; 12 USC 1828

CFR Citation:  12 CFR 545; 12 CFR 590; 12 CFR 591

Legal Deadline: None

Abstract: OTS plans to review all of the federal preemption provisions 
contained in its regulations. The provisions will be updated to provide 
more specific guidance. This will reduce regulatory burden by 
eliminating uncertainty and the need for extensive legal research.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Evelyne Bonhomme, Counsel (Banking and Finance), 
Regulations & Legislation Division, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7052

RIN: 1550-AA92
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Office of Thrift Supervision (OTS)
  
_______________________________________________________________________
  
3206. SUSPICIOUS ACTIVITY REPORTS AND OTHER STATEMENTS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12 USC 3806; 42 
USC 4106

CFR Citation:  12 CFR 563

Legal Deadline: None

Abstract: The OTS has issued a notice of proposed rulemaking to 
implement a new interagency suspicious activity referral process and 
update the underlying reporting regulation. The reporting process would 
be less burdensome on savings associations and service corporations 
while improving access to such information by Federal law enforcement 
agencies.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/17/95                    60 FR 36366
NPRM Comment Period End         09/15/95                    60 FR 36366
Final Action                    03/00/96
Final Action Effective          04/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Karen Osterloh, Counsel (Banking and Finance), 
Regulations & Legislation Division, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639

RIN: 1550-AA62
_______________________________________________________________________

3207. RISK-BASED CAPITAL REQUIREMENTS, SMALL BUSINESS LOAN RECOURSE 
OBLIGATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1835; 12 USC 1848; 12 USC 4808

CFR Citation:  12 CFR 567

Legal Deadline:  Final, Statutory, March 22, 1995.

Abstract: The OTS has issued an interim final rule with request for 
comment that revises its risk-based capital standards as required by 
sections 208 and 350 of the Riegle Community Development and Regulatory 
Improvement Act of 1994. The rule modifies the risk-based capital 
treatment of small business loans and leases of personal property with 
recourse in accordance with the new statutory requirement.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              08/31/95                    60 FR 45618
Final Action                    12/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Karen Osterloh, Counsel (Banking and Finance), 
Regulations & Legislation Division, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639

RIN: 1550-AA81
_______________________________________________________________________

3208.  RISK-BASED CAPITAL GUIDELINES: ORIGINATED MORTGAGE 
SERVICING RIGHTS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1831o; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 
12 USC 1464; 12 USC 1467a; 12 USC 1828

CFR Citation:  12 CFR 565; 12 CFR 567

Legal Deadline: None

Abstract: The Federal banking agencies have issued an interim final 
rule with request for comment to amend their capital adequacy standards 
to treat originated mortgage servicing rights (OMSRs) in the same 
manner as purchased mortgage servicing rights (PMSRs) for regulatory 
capital purposes. The rule was developed in response to the Financial 
Accounting Standards Board's Statement No. 122, which eliminates the 
accounting distinction between OMSRs and PMSRs by requiring OMSRs to be 
capitalized as balance sheet assets. This treatment was previously 
required only for PMSRs.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              08/01/95                    60 FR 39226
Final Action                    01/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly, Program Manager, Capital Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6465

RIN: 1550-AA84
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions
Office of Thrift Supervision (OTS)
  
_______________________________________________________________________
  
3209. SMALL AND MEDIUM-SIZED BUSINESS AND FARM LOAN DOCUMENTATION 
EXEMPTION FOR QUALIFYING ASSOCIATIONS

Priority:  Other

CFR Citation:  12 CFR 563

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              05/13/93                    58 FR 28346


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Laurie Nicoli
Phone: 202 906-7452

RIN: 1550-AA61
_______________________________________________________________________

3210. CLASSIFICATION OF ASSETS

Priority:  Other

CFR Citation:  12 CFR 563

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/20/93                    58 FR 38731
NPRM Comment Period End         08/19/93                    58 FR 38731


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William Magrini
Phone: 202 906-5744

RIN: 1550-AA65
_______________________________________________________________________

3211. RISK-BASED CAPITAL STANDARDS--RECOURSE OBLIGATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 567

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM Asset Securitizations     05/25/94                    59 FR 27116
NPRM Recourse Arrangements and 
Direct Credit Substitutes       05/25/94                    59 FR 27116


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly
Phone: 202 906-6465

RIN: 1550-AA70
_______________________________________________________________________

3212. CAPITAL DISTRIBUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 563

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/05/94                    59 FR 62356
NPRM Comment Period End         02/03/95                    59 FR 62356


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Edward J. O'Connell
Phone: 202 906-5694

RIN: 1550-AA72
_______________________________________________________________________

3213. ``DE NOVO'' APPLICATIONS FOR A FEDERAL SAVINGS ASSOCIATION 
CHARTER

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 543; 12 CFR 552; 12 CFR 571

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/06/95                    60 FR 12103
NPRM Comment Period End         05/05/95                    60 FR 12103


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Valerie J. Lithotomos
Phone: 202 906-6439

RIN: 1550-AA76
_______________________________________________________________________

3214. LIQUIDITY

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 566

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Francis Raue
Phone: 202 906-5750

RIN: 1550-AA77
_______________________________________________________________________

3215. LOANS TO ONE BORROWER

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 563

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              03/28/95                    60 FR 15861


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William Magrini
Phone: 202 906-5744

RIN: 1550-AA78
_______________________________________________________________________

3216. UNIFORM RULES OF PRACTICE AND PROCEDURE

Priority:  Other

CFR Citation:  12 CFR 509

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/23/95                    60 FR 32882
NPRM Comment Period End         08/22/95                    60 FR 32882


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Karen Osterloh
Phone: 202 906-6639

RIN: 1550-AA79
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Office of Thrift Supervision (OTS)
  
_______________________________________________________________________
  
3217. SAFETY AND SOUNDNESS STANDARDS

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 563

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    07/10/95                    60 FR 35674
Final Action Effective          08/09/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William Magrini
Phone: 202 906-5744

RIN: 1550-AA54
_______________________________________________________________________

3218. RELEASE OF UNPUBLISHED INFORMATION

Priority:  Other

CFR Citation:  12 CFR 510

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    05/30/95                    60 FR 28027
Final Action Effective          07/20/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Valerie J. Lithotomos
Phone: 202 906-6439

RIN: 1550-AA66
_______________________________________________________________________

3219. COMMUNITY REINVESTMENT ACT

Priority:  Other Significant

CFR Citation:  12 CFR 563e

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action : Several of the 
regulations removed effective 
07-01-97                        05/04/95                    60 FR 22156
Final Action Effective          01/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Theresa Stark
Phone: 202 906-7054

RIN: 1550-AA69
_______________________________________________________________________

3220. REGULATORY CAPITAL: COMMON STOCKHOLDERS' EQUITY

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 567

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    08/15/95                    60 FR 42025
Final Action Effective          10/01/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly
Phone: 202 906-6465

RIN: 1550-AA71
_______________________________________________________________________

3221. UNIFORM RULES OF PRACTICE AND PROCEDURE; EX PARTE 
COMMUNICATIONS

Priority:  Other

CFR Citation:  12 CFR 509

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    05/30/95                    60 FR 28033
Final Action Effective          07/01/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Karen Osterloh
Phone: 202 906-6639

RIN: 1550-AA80
_______________________________________________________________________

3222.  LOANS IN AREAS HAVING SPECIAL FLOOD HAZARDS

Priority:  Other

Legal Authority:  12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 
12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12 
USC 3806; 42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC 4106; 42 USC 
4128

CFR Citation:  12 CFR 563

Legal Deadline:  Final, Statutory, June 20, 1995.

Abstract: The Federal banking agencies have issued a joint final rule 
amending their regulations concerning loans in areas having special 
flood hazards. The final rule requires depository institutions to use a 
Standard Flood Hazard Determination Form in determining whether real 
property offered as collateral for a loan is located in a special flood 
hazard area.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    07/06/95                    60 FR 35286
Final Action Effective          01/02/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Larry Clark, Program Manager, Compliance Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5628

RIN: 1550-AA82
[FR Doc. 95-26073 Filed 11-24-95; 8:45 am]
BILLING CODE 6720-01-F