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




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Part XV



Department of the Treasury



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Semiannual Regulatory Agenda


DEPARTMENT OF THE TREASURY (TREAS)                                     


  



_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

AGENCY: Departmental Offices, Treasury.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY: This notice is given pursuant to the requirements of the 
``Regulatory Flexibility Act'' (Pub. L. 96-354, September 19, 1980) and 
Executive Order 12866 (``Regulatory Planning and Review,'' September 
30, 1993), which require the publication of a semiannual agenda of 
regulations. The semiannual agenda of the Department of the Treasury 
conforms to the Unified Agenda format developed by the Regulatory 
Information Service Center (RISC).

FOR FURTHER INFORMATION CONTACT: For additional information about a 
specific regulation, contact the ``Agency Contact'' listed in the 
specific regulatory action.

Dated: March 15, 1996.

Neal Comstock,

Deputy Executive Secretary.

                                    Departmental Offices--Proposed Rule Stage                                   
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2569        31 CFR 500.704  Administrative Hearings...............................................    1505-AA59 
2570        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   
----------------------------------------------------------------------------------------------------------------
2571        17 CFR 400  Amendments Under the Government Securities Act; Large Position Reporting..    1505-AA53 
2572        31 CFR 411  Color Illustration of U.S. Currency.......................................    1505-AA69 
2573        12 CFR 1805 (New)  Community Development Financial Institutions Program; Bank                       
            Enterprise Award Program Regulations..................................................    1505-AA71 
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2574        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Definitions................    1506-AA03 
2575        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Requirement That Financial               
            Institutions Carry Out Anti-Money-Laundering Programs.................................    1506-AA05 
2576        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To               
            Assess Civil Money Penalties on Depository Institutions...............................    1506-AA08 
2577        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Registration Requirement                 
            for Certain Non-Bank Financial Institutions...........................................    1506-AA09 
2578        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Mandatory Exemption of                   
            Certain Transactions From Currency Transaction Reporting Requirements.................    1506-AA11 
2579        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Discretionary Exemption of               
            Certain Transactions From Currency Transaction Reporting Requirements.................    1506-AA12 
2580        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   
----------------------------------------------------------------------------------------------------------------
2581        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Notice of Exemption of                   
            Certain Transactions From Currency Transaction Reporting Requirements.................    1506-AA10 
2582        31 CFR 103  Amendment to Bank Secrecy Act Regulations Relating to Recordkeeping for                 
            Funds Transfers and Transmittals of Funds by Banks and Other Financial Institutions...    1506-AA16 
2583        31 CFR 103  Amendment to Bank Secrecy Act Regulations Relating to Orders for                        
            Transmittals of Funds by Banks and Other Financial Institutions.......................    1506-AA17 
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Completed Actions                            
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2584        31 CFR 103  Amendment to the Bank Secrecy Act Regulations Affecting Tribal and State-               
            Licensed Gaming Establishments........................................................    1506-AA07 
2585        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Requirement To Report                    
            Suspicious Transactions...............................................................    1506-AA13 
2586        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Designation of Single                    
            Recipient for Suspicious Transaction Reports..........................................    1506-AA14 
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2587        31 CFR 210  Federal Government Participation in the Automated Clearing House..........    1510-AA17 
2588        31 CFR 225  Acceptance of Bonds Secured by Government Obligations in Lieu of Bonds                  
            with Sureties.........................................................................    1510-AA36 
2589        31 CFR 203  Treasury Tax and Loan Depositaries........................................    1510-AA37 
2590        31 CFR 205  Rules and Procedures for Funds Transfers..................................    1510-AA38 
2591        31 CFR 202  Depositaries and Financial Agents of the Government.......................    1510-AA42 
2592        31 CFR 240  Indorsement and Payment of Checks Drawn on the United States Treasury.....    1510-AA45 
2593        31 CFR 206  Management of Federal Agency Receipts, Disbursements, and Operation of the              
            Cash Management Improvements Fund.....................................................    1510-AA47 
2594        31 CFR 226  Recognition of Insurance Covering Treasury Tax and Loan Depositaries......    1510-AA53 
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2595        31 CFR 209  Payment to Financial Institutions for Credit to Accounts of Employees and               
            Beneficiaries.........................................................................    1510-AA30 
2596        31 CFR 281  Foreign Exchange Operations...............................................    1510-AA48 
2597        31 CFR 224  Federal Process Agents of Surety Companies................................    1510-AA49 
2598        31 CFR 235  Issuance of Settlement Checks for Forged Checks Drawn on Designated                     
            Depositaries..........................................................................    1510-AA50 
2599        31 CFR 245  Claims on Account of Treasury Checks......................................    1510-AA51 
2600        31 CFR 256  Payments Under Judgment and Private Relief Acts...........................    1510-AA52 
2601        31 CFR 214  Depositaries for Federal Taxes............................................    1510-AA54 
----------------------------------------------------------------------------------------------------------------


                             Bureau of Alcohol, Tobacco and Firearms--Prerule Stage                             
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2602        27 CFR 7  Labeling and Advertising of Malt Beverages..................................    1512-AB45 
----------------------------------------------------------------------------------------------------------------


                          Bureau of Alcohol, Tobacco and Firearms--Proposed Rule Stage                          
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2603        27 CFR 9  American Viticultural Areas.................................................    1512-AA07 
2604        27 CFR 7  Standards of Identity for Malt Beverages....................................    1512-AA95 
2605        27 CFR 252  Exportation of Liquors....................................................    1512-AA98 
2606        27 CFR 7  Alcoholic Content Labeling for Malt Beverages...............................    1512-AB17 
2607        27 CFR 25.205  Production of Beer for Personal or Family Use at Brew-on-Premises                    
            Facilities............................................................................    1512-AB18 
2608        27 CFR 4.25a(d) to 4.25a(e)  Multistate Appellations of Origin for Contiguous States..    1512-AB28 
2609        27 CFR 25  Revision of Brewery Regulations and Issuance of Regulations for Taverns on               
            Brewery Premises (Brewpubs)...........................................................    1512-AB37 
2610        27 CFR 5  Labeling of Unaged Grape Brandy.............................................    1512-AB46 
2611        27 CFR 178  Definition for the Category of Persons Prohibited From Receiving Firearms.    1512-AB41 
2612        27 CFR 53  Manufactures Excise Tax--Firearms and Ammunition Exemption Certificates/                 
            Statements............................................................................    1512-AB42 
2613        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   
----------------------------------------------------------------------------------------------------------------
2614        27 CFR 4  Grape Wine Designation--Gamay Beaujolais....................................    1512-AB08 
2615        27 CFR 24.246  New Wine Treating Materials and Processes..............................    1512-AB26 
2616        27 CFR 4  Alteration of Labels on Containers of Distilled Spirits, Wine, Beer.........    1512-AB32 
2617        27 CFR 4.40  Procedures for Revoking Previously Approved Certificates of Label                      
            Approval, Exemptions From Label Approval, or Distinctive Liquor Bottle Approvals......    1512-AB34 
2618        27 CFR 5.26  Registration of Formulas and Statements of Process for Domestically                    
            Produced Alcoholic Beverages..........................................................    1512-AB40 
2619        27 CFR 1  Basic Permit Requirements Under the Federal Alcohol Administration Act,                   
            Nonindustrial Use of Distilled Spirits and Wine, Bulk Sales and Bottling of Distilled               
            Spirits...............................................................................    1512-AB43 
2620        27 CFR 70  Miscellaneous Regulations Relating to Liquor...............................    1512-AB44 
2621        27 CFR 1  Technical Amendments........................................................    1512-AB47 
2622        27 CFR 53  Firearms and Ammunition Excise Taxes.......................................    1512-AB33 
2623        27 CFR 55  Implementation of Public Law 103-322, the Violent Crime Control and Law                  
            Enforcement Act of 1994...............................................................    1512-AB35 
2624        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 
----------------------------------------------------------------------------------------------------------------


                           Bureau of Alcohol, Tobacco and Firearms--Long-Term Actions                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2625        27 CFR 197  Nonbeverage Drawback......................................................    1512-AA20 
----------------------------------------------------------------------------------------------------------------


                           Bureau of Alcohol, Tobacco and Firearms--Completed Actions                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2626        27 CFR 4  Winegrape Varietal Designations.............................................    1512-AA67 
2627        27 CFR 4  Use of Term ``Reserve'' on Wine Labels......................................    1512-AB25 
----------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2628        12 CFR 3  Capital Rules...............................................................    1557-AB14 
2629        12 CFR 8  Assessment of Fees; National Banks; District of Columbia Banks..............    1557-AB41 
2630        12 CFR Not yet determined  Interstate Deposit Production Offices......................    1557-AB50 
2631        00 CFR Not yet determined  Government Securities Sales Practices......................    1557-AB52 
2632        12 CFR 32  Lending Limits.............................................................    1557-AB55 
----------------------------------------------------------------------------------------------------------------


                                  Comptroller of the Currency--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2633        12 CFR 9  Fiduciary Activities of National Banks; Regulation Review...................    1557-AB12 
2634        12 CFR 30  Standards for Safety and Soundness.........................................    1557-AB17 
2635        12 CFR 20  International Operations and Federal Branches and Agencies; Regulation                   
            Review................................................................................    1557-AB26 
2636        12 CFR 1  Investment Securities; Regulation Review....................................    1557-AB37 
2637        12 CFR 26  Management Official Interlocks; Regulation Review..........................    1557-AB39 
2638        12 CFR 31  Extensions of Credit to National Bank Insiders; Regulation Review..........    1557-AB40 
2639        12 CFR 12  Recordkeeping and Confirmation Requirements for Securities Transactions;                 
            Regulation Review.....................................................................    1557-AB42 
2640        12 CFR 19  Uniform Rules of Practice and Procedure; Regulation Review.................    1557-AB43 
2641        12 CFR 23  Leasing; Regulation Review.................................................    1557-AB45 
2642        12 CFR 24  Community Development Corporation and Project Investments; Regulation                    
            Review................................................................................    1557-AB46 
2643        12 CFR 22  Loans in Areas Having Special Flood Hazards; Regulation Review.............    1557-AB47 
2644        12 CFR 2  Disposition of Credit Life Insurance Income; Regulation Review..............    1557-AB49 
2645        12 CFR 25  Community Reinvestment Act Regulation......................................    1557-AB51 
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2646        12 CFR 5  Rules, Policies, and Procedures for Corporate Activities; Regulation Review.    1557-AB27 
2647        12 CFR 27  Fair Housing Home Loan Data System.........................................    1557-AB53 
2648        00 CFR Not yet determined  Salesperson Testing and Filing Requirements for Retail                   
            Sales of Non-Deposit Investment Products..............................................    1557-AB54 
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2649        12 CFR 4  Description of Office, Procedures, Public Information; Regulation Review....    1557-AA67 
2650        12 CFR 21  Minimum Security Devices and Procedures, Reports of Suspicious Activities,               
            and Bank Secrecy Act Compliance.......................................................    1557-AB19 
2651        12 CFR 7  Interpretive Rulings; Regulation Review.....................................    1557-AB38 
2652        12 CFR 34  Real Estate Lending and Appraisals; Regulation Review......................    1557-AB48 
----------------------------------------------------------------------------------------------------------------


                               United States Customs Service--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2653        19 CFR 7.8  U.S. Insular Possessions--Duty-Free Treatment.............................    1515-AB14 
2654        19 CFR 142  Publication of Filer Codes................................................    1515-AB27 
2655        19 CFR 133  Parallel Imports and Other Trademarked Goods..............................    1515-AB49 
2656        19 CFR 12  Textiles and Textile Products Subject to Textile Trade Agreements..........    1515-AB54 
2657        19 CFR 10  Andean Trade Preference....................................................    1515-AB59 
2658        19 CFR 113  Accreditation of Commercial Testing Laboratories; Approval of Commercial                
            Gaugers...............................................................................    1515-AB60 
2659        19 CFR 134  Country-of-Origin Marking Requirements for Frozen Produce Packages........    1515-AB61 
2660        19 CFR 159  Liquidation; Extension; Suspension........................................    1515-AB66 
2661        19 CFR 12  Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and Music              
            Videos of Live Musical Performances...................................................    1515-AB74 
2662        19 CFR 151  Detention of Merchandise..................................................    1515-AB75 
2663        19 CFR 12  Interest on Underpayments and Overpayments of Customs Duties Fees and                    
            Interest..............................................................................    1515-AB76 
2664        19 CFR 162  Recordkeeping Requirements................................................    1515-AB77 
2665        19 CFR 10  Use of Containers Designated as Instruments of International Traffic in                  
            Point-to-Point Local Traffic..........................................................    1515-AB79 
2666        19 CFR 142  Reconciliation............................................................    1515-AB85 
2667        19 CFR 19  Duty-Free Stores...........................................................    1515-AB86 
2668        19 CFR 123  Foreign-Based Commercial Motor Vehicles in International Traffic..........    1515-AB88 
2669        19 CFR 103  Electronic Requests for Confidential Treatment of Export Manifest Data....    1515-AB89 
2670        19 CFR 123  Port Passage Excel Service System (PORTPASS)..............................    1515-AB90 
2671        19 CFR 7  Drawback....................................................................    1515-AB95 
----------------------------------------------------------------------------------------------------------------


                                 United States Customs Service--Final Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2672        19 CFR 4  Harbor Maintenance Fee......................................................    1515-AA57 
2673        19 CFR 24  Donated Cargo Exemption From Harbor Maintenance Fee........................    1515-AA87 
2674        19 CFR 133  Disclosure of Information to Intellectual Property Rights Owners..........    1515-AB28 
2675        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 
2676        19 CFR 24  Fees Assessed for Defaulted Payments.......................................    1515-AB38 
2677        19 CFR 12  Importer Certification Regarding Country of Origin of Textiles and Textile               
            Products..............................................................................    1515-AB43 
2678        19 CFR 10  Treatment of Reusable Shipping Devices Arriving From Canada or Mexico......    1515-AB51 
2679        19 CFR 103  Disclosure or Production of Customs Information Pursuant to Legal Process.    1515-AB58 
2680        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 
2681        19 CFR 10  Warehouse Withdrawals; Aircraft Fuel Supplies; Pipeline Transportation in                
            Bond of Merchandise...................................................................    1515-AB67 
2682        19 CFR 134  Country-of-Origin Marking.................................................    1515-AB82 
2683        19 CFR 118  Centralized Examination Stations; Immediate Suspension or Permanent                     
            Revocation as Operator Upon Indictment for Any Felony.................................    1515-AB83 
2684        19 CFR 10  North American Free Trade Agreement (NAFTA)--Implementation of Duty-                     
            Deferral Program Provisions...........................................................    1515-AB87 
2685        19 CFR 12  Prohibited/Restricted Merchandise; Foreign Assets Control Regulations......    1515-AB91 
2686        19 CFR 148  Treatment of Merchandise Imported by Foreign Governments or Designated                  
            International Organizations...........................................................    1515-AB92 
2687        19 CFR 10  Suspension of United States-Canada Free Trade Agreement Implementing                     
            Regulations...........................................................................    1515-AB93 
2688        19 CFR 12  Emissions Standards for Imported Nonroad Engines...........................    1515-AB94 
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Long-Term Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2689        19 CFR 102 (New)  Rules of Origin.....................................................    1515-AB19 
2690        19 CFR 113  Automated Surety Interface................................................    1515-AB25 
2691        19 CFR 191  Substitution Unused Merchandise Drawback..................................    1515-AB48 
2692        19 CFR 134  Country-of-Origin Marking for Watches.....................................    1515-AB68 
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2693        19 CFR 4  Preliminary Vessel Entry and Permits To Lade and Unlade.....................    1515-AB37 
2694        19 CFR 12  Enforcement of ITC Exclusion Orders........................................    1515-AB44 
2695        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 
2696        19 CFR 123  Examination of Baggage....................................................    1515-AB56 
2697        19 CFR 162  Seizure of Merchandise....................................................    1515-AB62 
2698        19 CFR 12  Rules of Origin for Textile and Apparel Products...........................    1515-AB71 
2699        19 CFR 162  Search Warrants...........................................................    1515-AB72 
2700        19 CFR 132  Export Certificates for Beef Subject to Tariff-Rate Quota.................    1515-AB73 
2701        19 CFR 12  UNESCO Cultural Property Convention Signatories............................    1515-AB78 
2702        19 CFR 4  Removal of Cambodia and Vietnam From List of ``Non-Entrant'' Countries......    1515-AB81 
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2703        26 USC 0041  Definition of Qualified Research and Computation of Research Credit Under              
            Section 41 of the Code, After 1986, 1989 and 1993 Acts................................    1545-AO51 
2704        26 USC 0042(h)  Available Unit Rule...................................................    1545-AT60 
2705        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 
2706        26 USC 0104  Personal Injury Damages..................................................    1545-AT29 
2707        26 USC 0162(k)  Continuation Coverage Requirements of Group Health Plans..............    1545-AI93 
2708        26 USC 0163  Qualified Residence Interest.............................................    1545-AL67 
2709        26 USC 0168(i)(5)  Changes in Use Under Section 168(i)(5).............................    1545-AJ38 
2710        26 USC 0171  Bond Premium Amortization................................................    1545-AU02 
2711        26 USC 0179A  Determination of Section 30 Credit and Section 179A Deduction...........    1545-AR66 
2712        26 USC 0263A  Rules for Farmers.......................................................    1545-AQ91 
2713        26 USC 0263A  Production of Creative Property.........................................    1545-AQ92 
2714        26 USC 0263A  Foreign Taxpayers.......................................................    1545-AQ93 
2715        26 USC 0263A  Method Change Rules for the Uniform Capitalization Rules................    1545-AQ94 
2716        26 USC 0269B  Rules for Treatment of Foreign Corporation Whose Stock Is Stapled to the              
            Stock of a Domestic Corporation.......................................................    1545-AN20 
2717        26 USC 0274(d)  Substantiation of Expenses--Receipt Threshold.........................    1545-AT97 
2718        26 USC 0274(d)  Substantiation of Expenses--Receipt Threshold.........................    1545-AT98 
2719        26 USC 0280B  Demolition of Structures Definitions....................................    1545-AR63 
2720        26 USC 0337(d)  Scope of General Utilities Repeal.....................................    1545-AN21 
2721        26 USC 0337(d)  Corporate Inversion Transactions......................................    1545-AS91 
2722        26 USC 0361(a)(3)  Fringe Benefit Sourcing Under Section 861..........................    1545-AO72 
2723        26 USC 0367  Section 361 Outbound Transfers of Property to Foreign Corporations.......    1545-AM97 
2724        26 USC 0381  Carryovers of Methods of Accounting......................................    1545-AT38 
2725        26 USC 0403  Nondiscrimination and Other Rules Applicable to Section 403(b) Annuities.    1545-AI90 
2726        26 USC 0412  Revising the Definition of the Full Funding Limitation for Purposes of                 
            the Minimum Funding Requirement for Pension Plans.....................................    1545-AL53 
2727        26 USC 0419  Treatment of Funded Welfare Benefit Plans................................    1545-AG14 
2728        26 USC 0446  Hybrid Instruments.......................................................    1545-AR13 
2729        26 USC 0453  Installment Obligations Received From Liquidating Corporations...........    1545-AB43 
2730        26 USC 0460  Definition of a Long-Term Contract.......................................    1545-AQ30 
2731        26 USC 0467  Section 467 Rental Agreements............................................    1545-AU11 
2732        26 USC 0468B  Escrow Funds and Other Similar Funds....................................    1545-AR82 
2733        26 USC 0472  Definition of an Item for LIFO...........................................    1545-AT39 
2734        26 USC 0475  Mark-to-Market for Dealers in Securities: Equity Interests in Related                  
            Parties and the Dealer-Customer Relationship..........................................    1545-AT94 
2735        26 USC 0482  Intercompany Transfer Pricing for Services...............................    1545-AR32 
2736        26 USC 0672  Income Taxation of Trusts and Estates....................................    1545-AJ20 
2737        26 USC 0679  Foreign Grantor Trusts...................................................    1545-AO75 
2738        26 USC 0736  Payments to a Retiring Partner or a Deceased Partner's Successor in                    
            Interest..............................................................................    1545-AT31 
2739        26 USC 0743  Adjustments Following Sales of Partnership Interests.....................    1545-AS39 
2740        26 USC 0842(b)  Foreign Insurance Companies...........................................    1545-AL82 
2741        26 USC 0860E  REMIC Regulations.......................................................    1545-AR88 
2742        26 USC 0863  Transportation Income Source Rules.......................................    1545-AJ68 
2743        26 USC 0863  Sourcing Rule Applicable to Certain Insurance Income.....................    1545-AQ37 
2744        26 USC 0864  Tiered Partnership Rules.................................................    1545-AO26 
2745        26 USC 0864  Integrated Financial Transaction.........................................    1545-AR20 
2746        26 USC 0864(c)(6)  Treatment of Deferred Payments and Appreciation Arising Out of                   
            Business Conducted Within the United States...........................................    1545-AM53 
2747        26 USC 0865  Source Rules for Personal Property Sales.................................    1545-AJ83 
2748        26 USC 0865  Determination of Source of Loss Resulting From Sale of Stock - Section                 
            865...................................................................................    1545-AT41 
2749        26 USC 0872(b)  Income Tax--Reciprocal Exemptions for Certain Transportation Income...    1545-AJ57 
2750        26 USC 0882  Proposed Regulation Under Section 882 and 884............................    1545-AT96 
2751        26 USC 0884  Proposed Regulations Under Section 1.884-3...............................    1545-AQ72 
2752        26 USC 0884  Final Regulations Under Section 1.884-2..................................    1545-AQ73 
2753        26 USC 0897  Income Tax--Partnership Rules Regarding Taxation of Foreign Investment in              
            United States Real Property Interests.................................................    1545-AL77 
2754        26 USC 0897(c)(3)  FIRPTA Cleanup.....................................................    1545-AJ72 
2755        26 USC 0904(f)  Clarification of Treatment of Separate Limitation Losses..............    1545-AM11 
2756        26 USC 0905  Section 905(b) Regulations...............................................    1545-AP36 
2757        26 USC 0931  Exclusion of Possession Source Income From Gross Income of Certain                     
            Individuals...........................................................................    1545-AS42 
2758        26 USC 0932  Coordination of U.S. and Virgin Islands Income Taxes.....................    1545-AS41 
2759        26 USC 0936  OBRA 1993 Section 936 Reg................................................    1545-AS43 
2760        26 USC 0952  Subpart F--Use of Deficits...............................................    1545-AJ71 
2761        26 USC 0953(d)  Foreign Insurance Company--Domestic Election..........................    1545-AO25 
2762        26 USC 0955  Subpart F Shipping Amendments............................................    1545-AM46 
2763        26 USC 0956A  Earnings Invested in Excess Passive Assets..............................    1545-AS47 
2764        26 USC 0960  Deemed-Paid Credit Under Section 960, Determined on Accumulated Basis....    1545-AQ34 
2765        26 USC 0960  Coordination of Pre-1987 Deemed Paid Taxes...............................    1545-AT85 
2766        26 USC 0985  Change From the Dollar Approximate Separate Transactions Method (DASTM)                
            to the Profit-and-Loss Method of Accounting...........................................    1545-AS68 
2767        26 USC 0986  Determination of Foreign Taxes and Foreign Corporations' Earnings and                  
            Profits...............................................................................    1545-AN37 
2768        26 USC 1041  Stock Redemption Incident to Divorce.....................................    1545-AT24 
2769        26 USC 1059A  Amendment of Regulations Under IRC Section 1059A........................    1545-AS89 
2770        26 USC 1245  Partnerships and Depreciation Recapture..................................    1545-AT32 
2771        26 USC 1248  Section 1248 - Gain From Sale or Exchange of Stock in Foreign                          
            Corporations..........................................................................    1545-AC31 
2772        26 USC 1248  Gains From Certain Sales or Exchanges in Certain Foreign Corporations....    1545-AL89 
2773        26 USC 1276  Disposition Gain Representing Accrued Market Discount Treated as Ordinary              
            Income; Deferral of Interest Deduction Allocable to Accrued Market Discount...........    1545-AH82 
2774        26 USC 1295  QEF Shareholder Election.................................................    1545-AM41 
2775        26 USC 1441  General Revision of Section 1441 Regulations.............................    1545-AO27 
2776        26 USC 1491  Regulations Under Sections 1491, 1492, and 1494..........................    1545-AN39 
2777        26 USC 1502  Section 1.1502-47 Regulations--Supplemental..............................    1545-AR89 
2778        26 USC 1502  Member Stock Transactions................................................    1545-AU03 
2779        26 USC 1503  Applications of Section 1503(d) to Partnerships and Other Items..........    1545-AR26 
2780        26 USC 1504  Income Tax--Includibility in an Affiliated Group of Subsidiaries Formed                
            To Comply With Foreign Laws...........................................................    1545-AC58 
2781        26 USC 2032A  Estate Tax-Valuation of Certain Farm, Etc., Real Property...............    1545-AT66 
2782        26 USC 2104  Situs of Partnership Interests Held by a Nonresident Alien for Estate Tax              
            Purposes..............................................................................    1545-AP07 
2783        26 USC 2663  Amend Section 26.2662-1(c) of the Temporary Regulations to Increase the                
            Amount for Which the Executor Is Liable...............................................    1545-AO89 
2784        26 USC 2702  Sale of Residence From Qualified Personal Residence Trust................    1545-AU12 
2785        26 USC 3221  Exception From Supplemental Tax..........................................    1545-AT56 
2786        26 USC 4003  Luxury Excise Tax Changes Under OBRA 1993................................    1545-AS34 
2787        26 USC 4082  Diesel Fuel Excise Tax; Dye Injection Systems and Markers................    1545-AT18 
2788        26 USC 4091  Excise Tax on Aviation Fuel..............................................    1545-AL43 
2789        26 USC 4251  Communications Tax Regulations...........................................    1545-AP67 
2790        26 USC 4671  Chemical Tax Under Section 4461 and Imported Substance Tax Under Section               
            4671..................................................................................    1545-AL73 
2791        26 USC 6038  Information Reporting and Record Maintenance Under Section 6038C.........    1545-AP10 
2792        26 USC 6046A  6046A - Returns as to Interests in Foreign Partnerships.................    1545-AK75 
2793        26 USC 6048  Section 6048 Regulations.................................................    1545-AR25 
2794        26 USC 6114  Revision of Section 6114 Regulations.....................................    1545-AT00 
2795        26 USC 7701  Simplification of Entity Classification Rules............................    1545-AT91 
2796        26 USC 7805  Extension of Statute of Limitations in John Doe Summons Disputes.........    1545-AM67 
2797        26 USC 7805  Suspension of Running of Period of Limitations During Proceeding To                    
            Enforce Designated Summons............................................................    1545-AQ01 
2798        26 USC 7805  Disclaimer of Interests and Power........................................    1545-AR52 
2799        26 USC 7805  Automatic Extension of Time for Filing Individual Tax Returns............    1545-AS04 
2800        26 USC 7805  Intangible Amortization..................................................    1545-AS77 
2801        26 USC 7805  Reissuance of Qualified Tender Bonds.....................................    1545-AT09 
2802        26 USC 7805  Effect of the Family and Medical Leave Act on the Operation of Cafeteria               
            Plans.................................................................................    1545-AT47 
2803        26 USC 7805  Pass Through Items of S Corporation to Its Shareholders..................    1545-AT52 
2804        26 USC 7805  Excise Tax on Heavy Trucks, Truck Trailers and Semitrailers, and Tractors    1545-AT63 
2805        26 USC 7805  Extension of 45-day Interest-Free Period for Refunds of Overpayments of                
            Tax...................................................................................    1545-AU04 
2806        26 USC 7805  Modification of Bad Debts................................................    1545-AU06 
2807        26 USC 7805  Magnetic Media Filing Requirements.......................................    1545-AU08 
2808        26 USC 7805  Bond Premium Amortization................................................    1545-AU09 
2809        26 USC 7811  Authority To Modify or Rescind Taxpayer Assistance Orders................    1545-AU01 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage                                   
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2810        05 USC 0552  Statement of Procedural Rules--Part 601.702..............................    1545-AR99 
2811        26 USC 0025  Reissuance of Mortgage Credit Certificates (Cross-Reference to Temporary               
            Regulations)..........................................................................    1545-AR76 
2812        26 USC 0072  Loans Treated as Distributions...........................................    1545-AE41 
2813        26 USC 0101(a)  The Treatment of Accelerated Death Benefits Under Sections 101, 7702                
            and 7702A of the Internal Revenue Code................................................    1545-AQ70 
2814        26 USC 0141  Definition of ``Private Activity Bond'', ``Qualified Bond''..............    1545-AM01 
2815        26 USC 0163  Earnings Stripping Payments..............................................    1545-AO24 
2816        26 USC 0165  Section 165..............................................................    1545-AP33 
2817        26 USC 0168  Like-Kind Exchanges Involving Tax-Exempt Use Property: Lease Term........    1545-AT33 
2818        26 USC 0170(f)(8)  Self-Employment Tax Treatment of Members of Certain Limited                      
            Liability Companies...................................................................    1545-AS94 
2819        26 USC 0170(f)(8)  Deductibility, Substantiation, and Disclosure of Certain Charitable              
            Contributions.........................................................................    1545-AS95 
2820        26 USC 0280G  Golden Parachute Payments...............................................    1545-AH49 
2821        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 
2822        26 USC 0338  Deemed Purchase Price When Certain Stock Purchases Are Treated as Asset                
            Acquisitions..........................................................................    1545-AF29 
2823        26 USC 0338  Amendment of Section 1.338-5T Regulations................................    1545-AO73 
2824        26 USC 0351(e)  Section 351e: Diversification.........................................    1545-AT43 
2825        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 
2826        26 USC 0367  Transfers of Stock or Securities by U.S. Persons to Foreign Corporations.    1545-AP81 
2827        26 USC 0367  Certain Outbound Transfers of Domestic Stock or Securities (Corporate                  
            Inversions)...........................................................................    1545-AT42 
2828        26 USC 0367(b)  Income Tax--Part 1--Stock Transfer Rules..............................    1545-AI32 
2829        26 USC 0367(e)  Certain Corporate Distributions to Foreign Corporations...............    1545-AL35 
2830        26 USC 0404A  Income Tax--Deduction for Certain Foreign Deferred Compensation Plans...    1545-AD81 
2831        26 USC 0411  Allocation of Accrued Benefits Between Employer and Employee                           
            Contributions.........................................................................    1545-AT82 
2832        26 USC 0414(q)  Definition of ``Highly Compensated Employee''.........................    1545-AQ74 
2833        26 USC 0417  Valuation of Plan Distribution...........................................    1545-AT27 
2834        26 USC 0469(l)  Limitations on Passive Activity Losses and Credits--Self-Charged Items    1545-AN64 
2835        26 USC 0475(a)  Mark-to-Market Upon Disposition.......................................    1545-AS85 
2836        26 USC 0482  Taxation of Global Trading...............................................    1545-AP01 
2837        26 USC 0584  Merger or Division of Common Trust Funds--Section 584....................    1545-AQ64 
2838        26 USC 0731(c)(7)  Partnership Distributions of Marketable Securities.................    1545-AT19 
2839        26 USC 0860F  Extension of Time for Real Estate Mortgage Investment Conduits To                     
            Provide Reporting Information.........................................................    1545-AP73 
2840        26 USC 0861  Charitable Contributions.................................................    1545-AP30 
2841        26 USC 0863  Source of Income From Sales of Natural Resources Produced in One                       
            Jurisdiction and Sold in Another Jurisdiction.........................................    1545-AT92 
2842        26 USC 0864  Allocation and Apportionment of Interest Expense and Certain Other                     
            Expenses..............................................................................    1545-AM20 
2843        26 USC 0864(d)  Treatment of Related Person Factoring Income; Certain Investments in                
            United States Property; and Stock Redemptions Through Related Corporations............    1545-AH85 
2844        26 USC 0882  Computation of Interest Expense Deduction................................    1545-AL84 
2845        26 USC 0884  Amendments to the Branch Profits Tax Under Sections 884 and 864..........    1545-AQ58 
2846        26 USC 0892  Income of Foreign Governments and International Organizations............    1545-AL93 
2847        26 USC 0897  Nonrecognition of Corporate Distributions and Reorganizations Under the                
            Foreign Investment in Real Property Tax Act...........................................    1545-AK79 
2848        26 USC 0898  Conforming Taxable Years of CFCs and FPHCs: 1989 Change..................    1545-AO22 
2849        26 USC 0902  Deemed Paid Credit Under Section 902 Determined on Accumulated Basis.....    1545-AL98 
2850        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 
2851        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 
2852        26 USC 0924  FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction,              
            and Other Special Rules for FSC.......................................................    1545-AI16 
2853        26 USC 0936  Income Tax--Definition of Qualified Possession Source Investment Income                
            for Purposes of Puerto Rico and Possession Tax Credit.................................    1545-AC10 
2854        26 USC 0936  Section 936 Regulations..................................................    1545-AR18 
2855        26 USC 0936(d)(4)  CBI Investments of Section 936 Funds...............................    1545-AM91 
2856        26 USC 0953(c)  Insurance Income......................................................    1545-AJ70 
2857        26 USC 0954  Amendment to Subpart F Definitions.......................................    1545-AR31 
2858        26 USC 0964  Earnings and Profits of Controlled Foreign Corporations..................    1545-AM90 
2859        26 USC 0964  Use of GAAP Earnings as E&P of Foreign Corporations......................    1545-AQ55 
2860        26 USC 0985  Rules for a QBU Changing From the Profit-and-Loss Method to DASTM........    1545-AR28 
2861        26 USC 0987  Computation of a Branch's Taxable Income Taxation of Exchange Gain or                  
            Loss on Branch Remittances............................................................    1545-AM12 
2862        26 USC 0988  Mark-to-Market Method of Accounting Under Section 988....................    1545-AP78 
2863        26 USC 0995  Income Tax--Tax Reform Act of 1984 Relating to Interest Charge DISCs.....    1545-AG71 
2864        26 USC 1001  Modifications of Debt Instruments........................................    1545-AR04 
2865        26 USC 1058  Certain Payments Made Pursuant to a Securities Lending Transaction.......    1545-AP71 
2866        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 
2867        26 USC 1275  Contingent and Variable Debt Instruments.................................    1545-AQ86 
2868        26 USC 1275(d)  Debt Instruments With Original Issue Discount: Anti-Abuse Rule........    1545-AS35 
2869        26 USC 1291  Treatment of Shareholders of Passive Foreign Investment Companies........    1545-AC06 
2870        26 USC 1291(d)(2)  Passive Foreign Investment Companies...............................    1545-AI33 
2871        26 USC 1296  Passive Foreign Investment Companies--Special Rules for Foreign Banks and              
            Securities Dealers....................................................................    1545-AS46 
2872        26 USC 1377  Income Tax--Definitions and Special Rules Pertaining to S Corporations...    1545-AE94 
2873        26 USC 1446  Temporary Regulation on Withholding Tax on Payments From Partnerships to               
            Foreign Partners......................................................................    1545-AL32 
2874        26 USC 1502  Consolidated Alternative Minimum Tax.....................................    1545-AN73 
2875        26 USC 1502  Member Stock Transactions................................................    1545-AT51 
2876        26 USC 2056A  QDOT Security Requirements..............................................    1545-AT64 
2877        26 USC 3306  Treatment of Certain Deferred Compensation and Salary Reduction                        
            Arrangements..........................................................................    1545-AF97 
2878        26 USC 3306(r)(2)  FUTA Taxation of Amounts Under Employee Benefit Plans..............    1545-AT99 
2879        26 USC 3402  Electronic Filing of Form W-4............................................    1545-AR67 
2880        26 USC 3406  Information Reporting and Backup Withholding.............................    1545-AL99 
2881        26 USC 4001  Retail Excise Taxes on Certain Luxury Items..............................    1545-AP24 
2882        26 USC 4081  Diesel Fuel Excise Tax...................................................    1545-AR92 
2883        26 USC 4611  Tax on Petroleum.........................................................    1545-AJ23 
2884        26 USC 501(c)(5)  Requirements for Tax Exempt Labor Organizations.....................    1545-AT95 
2885        26 USC 6011  Reporting on Nonpayroll Withheld Tax Liabilities.........................    1545-AT86 
2886        26 USC 6039E  Information From Passport and Immigration Applicants....................    1545-AJ93 
2887        26 USC 6061  Voice Signatures.........................................................    1545-AQ68 
2888        26 USC 6103(n)  Disclosure of Returns and Return Information..........................    1545-AT48 
2889        26 USC 6109  Amendment to Section 6109 Regulations....................................    1545-AS83 
2890        26 USC 6114  6114 Reporting Requirements Waived.......................................    1545-AP35 
2891        26 USC 6205  Interest-Free Adjustments................................................    1545-AQ61 
2892        26 USC 6231  Selection of Tax Matters Partner for Limited Liability Companies.........    1545-AS09 
2893        26 USC 6302  Federal Tax Deposits by Electronic Funds Transfer........................    1545-AS79 
2894        26 USC 6302  Deposits of Excise Tax...................................................    1545-AT25 
2895        26 USC 7503  Update of List of Legal Holidays for Purposes of Time for Performance of               
            Acts..................................................................................    1545-AT22 
2896        26 USC 7701  Environmental Settlement Funds--Classification 7701......................    1545-AT02 
2897        26 USC 7701(b)  Special Rules for S Corps Under 301.7701(b)-7.........................    1545-AS88 
2898        26 USC 7805  Certain Elections Under the Omnibus Budget Reconciliation Act of 1993....    1545-AS14 
2899        26 USC 7805  Arbitrage Restriction on Tax-Exempt Bonds................................    1545-AS49 
2900        26 USC 7805  Disclosure of Return Information to the U.S. Customs Service.............    1545-AS52 
2901        26 USC 7805  Club Dues Under Section 274..............................................    1545-AS74 
2902        26 USC 7805  Debt Instruments With OID; Annuity Contracts.............................    1545-AS76 
2903        26 USC 7805  Reissuance of Qualified Tender Bonds.....................................    1545-AT10 
2904        26 USC 7805  Modifications of Bad Debts...............................................    1545-AT14 
2905        26 USC 7805  Methods of Signing.......................................................    1545-AT23 
2906        26 USC 7805  Straddles - Miscellaneous Issues.........................................    1545-AT46 
2907        26 USC 7805  Treatment of Underwriters in Section 351 and Section 721.................    1545-AT55 
2908        26 USC 7805  ERISA Sec. 204(h) Notice.................................................    1545-AT78 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2909        26 USC 0044(e)  Disabled Access Credit................................................    1545-AT72 
2910        26 USC 0079  Section 79, Table I, Update..............................................    1545-AN54 
2911        26 USC 0126  Exclusion From Income of Certain Cost-Sharing Payments Under Government                
            Programs..............................................................................    1545-AT73 
2912        26 USC 0338  Section 338(h)(10) and Insurance Companies...............................    1545-AS56 
2913        26 USC 0465  Guidance on What Constitutes an Interest Other Than That of a Creditor...    1545-AO32 
2914        26 USC 0468  Guidance on Section 468..................................................    1545-AT59 
2915        26 USC 0469  Application of Passive Activity Loss and Credit Limitations to Trusts,                 
            Estates, and Their Beneficiaries......................................................    1545-AN62 
2916        26 USC 0471  Inventories by Dealers in Securities Section 1.471-5.....................    1545-AS57 
2917        26 USC 2039  Estate Tax--Annuity Exclusion Repeal.....................................    1545-AP60 
2918        26 USC 2055(e)(13)  Reformation of Charitable Transfers-Definition of Guaranteed                    
            Annuity and Lead Unitrust Interest....................................................    1545-AT65 
2919        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 
2920        26 USC 6302  Railroad Unemployment Repayment Tax......................................    1545-AN40 
2921        26 USC 6662  Definition of Reasonable Basis...........................................    1545-AT88 
2922        26 USC 7518  Interim Fishing Vessel Capital Construction Fund Procedures..............    1545-AS69 
2923        26 USC 7805  Technical Corrections for Chapter 14.....................................    1545-AR49 
2924        26 USC 7805  Guidance for Air Cargo Carriers..........................................    1545-AT30 
2925        26 USC 7805  Certain Fringe Benefits..................................................    1545-AT45 
2926        26 USC 7805  Property Distributed in Kind and Treatment of Multiple Trusts............    1545-AT68 
2927        26 USC 7805  Amortization-Goodwill Intangibles 197....................................    1545-AT70 
2928        26 USC 7805  To Add Provisions Relating to Start-Up Expenditures......................    1545-AT71 
2929        26 USC 7805  Effective Date of Temporary Backup Withholding Regulations...............    1545-AT77 
2930        26 USC 7805  Timing of Notice and Consent Requirements................................    1545-AU05 
2931        26 USC 7805  Sale of Seized Property..................................................    1545-AU13 
2932        26 USC 7872  Regulations on Income Tax Under the Tax Reform Act of 1984, Relating to                
            Below-Market Loans....................................................................    1545-AH72 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2933        25 USC 7805  Grantor Trust Reporting Requirements.....................................    1545-AS37 
2934        26 USC 0072  Ten Percent Additional Tax on Early Distribution From Qualified Plans....    1545-AN16 
2935        26 USC 0162(M)  Million-Dollar Cap on Deduction for Executive Compensation............    1545-AS23 
2936        26 USC 0170  Substantiation of Contributions Made by Payroll Deduction................    1545-AS27 
2937        26 USC 0274  Receipt Threshold for Traveling Expenses.................................    1545-AT84 
2938        26 USC 0305(c)(1)  Treatment of Premiums on Stock Callable at the Option of the Issuer    1545-AQ42 
2939        26 USC 0337(d)  YOC Heating...........................................................    1545-AT15 
2940        26 USC 0358  Income Tax--Triangular Reorganizations, Basis and Other Consequences.....    1545-AB21 
2941        26 USC 0367  Certain Outbound Transfers; Domestic Stock or Securities (Corporate                    
            Inversions)...........................................................................    1545-AT44 
2942        26 USC 0402(c)  Twenty Percent Withholding on Eligible Rollover Distribution..........    1545-AR01 
2943        26 USC 0411  Allocation of Accrued Benefits Between Employer and Employee                           
            Contributions.........................................................................    1545-AT83 
2944        26 USC 0412(l)  Current Liability for Mortality Tables for the Disabled...............    1545-AT90 
2945        26 USC 0417  Disclosure Guidelines for QJSA Waiver....................................    1545-AQ36 
2946        26 USC 0469  Rules for Certain Rental Real Estate Activities..........................    1545-AS38 
2947        26 USC 0482  Section 482, Cost Sharing Regulations....................................    1545-AM00 
2948        26 USC 0597  Tax Consequences of Federal Financial Assistance Provided in Connection                
            With Taxable Asset Acquisitions of Troubled Financial Institutions....................    1545-AN71 
2949        26 USC 0704(c)  Recognition of Pre-Contribution Gain or Loss..........................    1545-AR93 
2950        26 USC 0737  Section 737 Distributions................................................    1545-AR48 
2951        26 USC 0861  Recomputation of Allocation and Apportionment of Deduction for State                   
            Income Taxes..........................................................................    1545-AP86 
2952        26 USC 0861  Allocation and Apportionment of Research and Experimental Expenditures...    1545-AT49 
2953        26 USC 0863  Section 863 Regulations..................................................    1545-AT40 
2954        26 USC 0863  Source of Income From Sales of Inventory in Natural Resources Produced in              
            One Jurisdiction and Sold in Another Jurisdiction.....................................    1545-AT93 
2955        26 USC 0881  Bank Exclusion From Portfolio Interest...................................    1545-AQ39 
2956        26 USC 0883(c)(3)  Clarification of Section 883(c) Publicly Traded Exception..........    1545-AR77 
2957        26 USC 0904  Resourcing Income To Prevent Avoidance of Foreign Tax Credit Limitation                
            Rules Relating to Foreign Losses......................................................    1545-AN87 
2958        26 USC 1258  Conversion Transactions..................................................    1545-AS87 
2959        26 USC 1441  Withholding on Items of Income Covered by an Income Tax Convention.......    1545-AH86 
2960        26 USC 1441  Withholding of Tax on Nonresident Aliens.................................    1545-AN75 
2961        26 USC 1445  Section 1445 Regulation Revisions Due to 1993 Tax Act....................    1545-AS51 
2962        26 USC 1502  Hedging Transactions by Members of Consolidated Groups...................    1545-AS75 
2963        26 USC 2653(b)  Estate Tax--Generation Skipping Transfer Tax..........................    1545-AJ11 
2964        26 USC 2663  Estate Tax--Generation-Skipping Transfer Tax.............................    1545-AL75 
2965        26 USC 3402(r)  Withholding on Distributions of Indian Gaming Profits to Tribal                     
            Members...............................................................................    1545-AT11 
2966        26 USC 4682  Exports of Ozone-Depleting Chemicals.....................................    1545-AQ23 
2967        26 USC 4941  Excise Tax on Self-Dealing by Private Foundations........................    1545-AT03 
2968        26 USC 6011  Reporting of Nonpayroll Withheld Tax Liabilities.........................    1545-AT87 
2969        26 USC 6033  Amendment of Section 1.6033-2(g)(5) Relating to Returns by an Integrated               
            Auxiliary of a Church.................................................................    1545-AI52 
2970        26 USC 6050I  Cash Reporting by Court Clerks..........................................    1545-AT06 
2971        26 USC 6051  IRC Section 6051.........................................................    1545-AN57 
2972        26 USC 6109  Authority of the FCIC To Require Employer Identification Numbers for                   
            Certain Taxpayers.....................................................................    1545-AQ49 
2973        26 USC 6109  Authority of the Secretary of Agriculture To Share Employer                            
            Identification Numbers................................................................    1545-AT21 
2974        26 USC 6231(a)(7)  Selection of Tax Matters Partner for Limited Liability Companies...    1545-AQ47 
2975        26 USC 6302  Federal Tax Deposits by Electronic Funds Transfer........................    1545-AU10 
2976        26 USC 6662  Imposition of Accuracy-Related Penalty...................................    1545-AS24 
2977        26 USC 7409  Political Activity Injunction............................................    1545-AO77 
2978        26 USC 7520  Actuarial Tables Exceptions..............................................    1545-AR56 
2979        26 USC 7704  Certain Publicly Traded Partnerships Treated as Corporations.............    1545-AL57 
2980        26 USC 7805  Automatic Extension of Time for Filing Individual Tax Returns............    1545-AS05 
2981        26 USC 7805  Information Reporting for Discharges of Indebtedness.....................    1545-AS21 
2982        26 USC 7805  Seals of Office in Connection With IRC Section 7514......................    1545-AS61 
2983        26 USC 7805  Nonbank Trustee Net Worth Requirements...................................    1545-AS92 
2984        26 USC 7805  Timing of Notice and Consent Requirements................................    1545-AT75 
2985        26 USC 7805  Backup Withholding.......................................................    1545-AT76 
2986        26 USC 7805  ERISA Sec. 204(h) Notice.................................................    1545-AT79 
2987        26 USC 7805  Current Liability for Charity Tables for the Disabled....................    1545-AT89 
2988        26 USC 7805  Returns of Information With Respect to REMIC Regular Interests and                     
            Collateralized Debt Instruments.......................................................    1545-AU00 
2989        26 USC 7805  Telefile Voice Signature Alternative.....................................    1545-AU07 
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2990        12 CFR 566  Liquidity.................................................................    1550-AA77 
2991        12 CFR 543  Regulatory Review: Corporate Governance...................................    1550-AA87 
2992        12 CFR 545  Regulatory Review: Subsidiaries...........................................    1550-AA88 
2993        12 CFR 545  Regulatory Review: Conflicts of Interest and Usurpation of Corporate                    
            Opportunity...........................................................................    1550-AA89 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2994        12 CFR 563  Capital Distributions.....................................................    1550-AA72 
2995        12 CFR 543  ''De Novo'' Applications for a Federal Savings Association Charter........    1550-AA76 
2996        12 CFR 509  Uniform Rules of Practice and Procedure...................................    1550-AA79 
2997        12 CFR 567  Risk-Based Capital Requirements, Small Business Loan Recourse Obligations.    1550-AA81 
2998        12 CFR 563  Flood Insurance...........................................................    1550-AA86 
2999        12 CFR 545  Lending and Investment (Formerly RIN 1550-AA91)...........................    1550-AA94 
3000        12 CFR 563f  Management Official Interlocks...........................................    1550-AA95 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Long-Term Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3001        12 CFR 567  Risk-Based Capital Standards--Recourse Obligations........................    1550-AA70 
3002        12 CFR 543  Community Reinvestment Act Hearing Procedures.............................    1550-AA83 
3003        12 CFR 565  Risk-Based Capital Guidelines: Originated Mortgage Servicing Rights.......    1550-AA84 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3004        12 CFR 563  Small and Medium-Sized Business and Farm Loan Documentation Exemption for               
            Qualifying Associations...............................................................    1550-AA61 
3005        12 CFR 563  Suspicious Activity Reports and Other Statements..........................    1550-AA62 
3006        12 CFR 563  Classification of Assets..................................................    1550-AA65 
3007        12 CFR 563  Loans to One Borrower.....................................................    1550-AA78 
3008        12 CFR 500  Regulatory Review.........................................................    1550-AA85 
3009        12 CFR 545  Regulatory Review: Adjustable Rate Mortgages..............................    1550-AA90 
3010        12 CFR 545  Regulatory Review: Federal Preemption.....................................    1550-AA92 
3011        12 CFR 563e  Community Reinvestment Act Regulations...................................    1550-AA93 
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2569. 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                            04/00/96
NPRM Comment Period End         07/00/96
Final Action                    10/00/96
Final Action Effective          10/00/96
Begin Review                    10/00/96
End Review                      10/00/96

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
_______________________________________________________________________




2570. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS; 
RECORDKEEPING RULES FOR NOTICED FINANCIAL INSTITUTION BROKER-DEALERS

Priority:  Substantive, Nonsignificant

Legal Authority:  15 USC 78o-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                            05/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ALTERNATE AGENCY CONTACT: Kurt Eidemiller

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)



_______________________________________________________________________




2571. AMENDMENTS UNDER THE GOVERNMENT SECURITIES ACT; LARGE POSITION 
REPORTING

Priority:  Other Significant

Legal Authority:  15 USC 78o-5(f)

CFR Citation:  17 CFR 400; 17 CFR 420

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                            12/18/95                    60 FR 65214
NPRM Comment Period End         03/18/96                     61 FR 4944
Final Action                    06/00/96
Final Action Effective          12/00/96

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
_______________________________________________________________________




2572. 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                    04/00/96

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
_______________________________________________________________________




2573. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM; BANK 
ENTERPRISE AWARD PROGRAM REGULATIONS

Priority:  Other Significant

Legal Authority:  12 USC 4703; 12 USC 4713; PL 104-19; 42 USC 4332

CFR Citation:  12 CFR 1805 (New); 12 CFR 1806 (New); 12 CFR 1815 (New)

Legal Deadline: None

Abstract: Not applicable; any costs and benefits associated with this 
rule are derived from the CDFI and BEA provisions of the Community 
Development Banking and Financial Institutions Act of 1994 as enacted 
by the Congress.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/19/95                    60 FR 54110
Interim Final Rule Comment 
Period End                      01/15/96
Interim Final Rule Comment 
Period End                      03/15/96
Final Action                    09/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Maurice Jones, Legal Counsel, Department of the 
Treasury, CDFI Fund, 1500 Pennsylvania Avenue NW., Room 5116, 
Washington, DC 20220
Phone: 202 566-6656
Fax: 202 622-7754

RIN: 1505-AA71
BILLING CODE 4810-25-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2574. 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                            09/00/96

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-AA03
_______________________________________________________________________




2575. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT 
FINANCIAL INSTITUTIONS CARRY OUT ANTI-MONEY-LAUNDERING PROGRAMS

Priority:  Substantive, Nonsignificant

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                            09/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Peter G. 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-AA05
_______________________________________________________________________




2576. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF 
AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS

Priority:  Substantive, Nonsignificant

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                            09/00/96

Small Entities Affected: None

Government Levels Affected: Federal

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-AA08
_______________________________________________________________________




2577. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REGISTRATION 
REQUIREMENT FOR CERTAIN NON-BANK FINANCIAL INSTITUTIONS

Priority:  Substantive, Nonsignificant

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                            06/00/96

Small Entities Affected: Undetermined

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-AA09
_______________________________________________________________________




2578. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--MANDATORY EXEMPTION 
OF CERTAIN TRANSACTIONS FROM CURRENCY TRANSACTION REPORTING REQUIREMENTS

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 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                            04/00/96

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-AA11
_______________________________________________________________________




2579. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DISCRETIONARY 
EXEMPTION OF CERTAIN TRANSACTIONS FROM CURRENCY TRANSACTION REPORTING 
REQUIREMENTS

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 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                            06/00/96

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-AA12
_______________________________________________________________________




2580. 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                            06/00/96

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-AA15
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2581. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--NOTICE OF EXEMPTION 
OF CERTAIN TRANSACTIONS FROM CURRENCY TRANSACTION REPORTING REQUIREMENTS

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 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                    04/00/96

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-AA10
_______________________________________________________________________




2582. AMENDMENT TO BANK SECRECY ACT REGULATIONS RELATING TO 
RECORDKEEPING FOR FUNDS TRANSFERS AND TRANSMITTALS OF FUNDS BY BANKS AND 
OTHER FINANCIAL INSTITUTIONS

Priority:  Substantive, Nonsignificant

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: Amendments to final rules of January 3, 1995 (60 FR 220), 
which were issued jointly by the Treasury and the Federal Reserve Board 
requiring banks and non-bank 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, are necessary to 
conform applicable definitions to Uniform Commercial Code and industry 
practice, and to relieve industry from certain obligations with respect 
to transmittals of funds through the Fedwire funds transfer system 
prior to the completion of the new Fedwire system.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/95                    60 FR 44146
NPRM Comment Period End         09/25/95
Final Action                    03/29/96
Final Action Effective          05/28/96

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
_______________________________________________________________________




2583. AMENDMENT TO BANK SECRECY ACT REGULATIONS RELATING TO ORDERS FOR 
TRANSMITTALS OF FUNDS BY BANKS AND OTHER FINANCIAL INSTITUTIONS

Priority:  Substantive, Nonsignificant

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: Amendments to final rules of January 3, 1995, (60 FR 220), 
which required the first financial institution in a wire transfer chain 
to pass on certain information about the wire transfer and the parties 
to it and required each intermediary financial institution to pass on, 
if received, similar information, are necessary to conform applicable 
definitions to Uniform Commercial Code and industry practice, and to 
relieve industry from certain obligations with respect to transmittals 
of funds through the Fedwire funds transfer system prior to the 
completion of the new Fedwire system.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/95                    60 FR 44151
NPRM Comment Period End         09/25/95
Final Action                    03/29/96
Final Action Effective          05/28/96

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
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2584. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS AFFECTING TRIBAL AND 
STATE-LICENSED GAMING ESTABLISHMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 103

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/23/96                     61 FR 7054
Final Action Effective          08/01/96

Small Entities Affected: None

Government Levels Affected: Tribal

Agency Contact: Peter Djinis
Phone: 202 622-0400

RIN: 1506-AA07
_______________________________________________________________________




2585. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT TO 
REPORT SUSPICIOUS TRANSACTIONS

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 103

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/05/96                     61 FR 4326
Final Action Effective          04/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis
Phone: 202 622-0400

RIN: 1506-AA13
_______________________________________________________________________




2586. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/05/96                     61 FR 4326
Final Action Effective          04/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis
Phone: 202 622-0400

RIN: 1506-AA14
BILLING CODE 4820-02-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2587. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE

Priority:  Substantive, Nonsignificant

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
Comment Period End              01/03/95
NPRM                            06/00/96
NPRM Comment Period End         08/00/96
Final Action                    02/00/97

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Cynthia L. Johnson, Manager, Cash Management Policy & 
Planning Division, Department of the Treasury, Financial Management 
Service, Room 420, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-6657

RIN: 1510-AA17
_______________________________________________________________________




2588. 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                            04/00/96
Final Action                    07/00/96

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
_______________________________________________________________________




2589. TREASURY TAX AND LOAN 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:  26 USC 6302(h); 31 USC 321; 31 USC 323; 12 USC 266; 
31 USC 3301; 31 USC 3302; 31 USC 3720; 12 USC 90; 12 USC 265; 12 USC 
391; 12 USC 266; 12 USC 1452(d); 12 USC 1464(k); 12 USC 1767; 12 USC 
1789a

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 Tax Deposit 
system. This revision will add the necessary rules for financial 
institutions' and Federal Reserve Banks' use of electronic funds 
transfer mechanisms to process Federal taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96
NPRM Comment Period End         05/00/96
Final Action                    05/00/96

Small Entities Affected: None

Government Levels Affected: None

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
_______________________________________________________________________




2590. RULES AND PROCEDURES FOR FUNDS TRANSFERS

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 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                            04/00/96
NPRM Comment Period End         06/00/96
Final Action                    08/00/96

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
_______________________________________________________________________




2591. 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

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 depositary 
authorization to perform services other than acceptance of insured 
deposits; and updates authorities for the regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96
Final Action                    06/00/96

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
_______________________________________________________________________




2592. 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                            09/21/95                    60 FR 48940
NPRM Comment Period End         11/06/95
NPRM                            04/00/96
Final Action                    08/00/96

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
_______________________________________________________________________




2593. 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                            04/00/96
Final Action                    06/00/96

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
_______________________________________________________________________




2594.  RECOGNITION OF INSURANCE COVERING TREASURY TAX AND LOAN 
DEPOSITARIES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  31 USC 323; 31 USC 321; 31 USC 3303

CFR Citation:  31 CFR 226

Legal Deadline: None

Abstract: This regulation governs the actions of state sponsored 
insurance organizations which cover public money of the United States 
held by financial institutions designated as treasury tax and loan 
depositaries under 31 CFR part 203. The need for this regulation is 
being reviewed because it governs fewer than six financial 
institutions. These financial institutions may move to another insurer 
or may secure these deposits through the pledge of collateral.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96
Final Action                    06/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donald Clark, 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: 202 874-7106

RIN: 1510-AA53
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2595. 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
NPRM                            08/04/93                    58 FR 41449
Comment Period End              09/03/93
NPRM                            01/04/95                      60 FR 416
Comment Period End              02/03/95
Final Action                    02/00/97

Small Entities Affected: None

Government Levels Affected: None

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-AA30
_______________________________________________________________________




2596. 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                            01/29/96                     61 FR 2750
NPRM Comment Period End         02/28/96
Final Action                    04/00/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1510-AA48
_______________________________________________________________________




2597. 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 9306

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                            11/09/95                    60 FR 56551
NPRM Comment Period End         12/11/95
Final Action                    04/00/96

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
_______________________________________________________________________




2598. 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

________________________________________________________________________

Final Action                    04/00/96

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-AA50
_______________________________________________________________________




2599. 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

________________________________________________________________________

Final Action                    04/00/96

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
_______________________________________________________________________




2600. 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                            01/08/96                      61 FR 552
NPRM Comment Period End         02/07/96
Final Action                    04/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jennifer Fitzmaurice, Chief, International Credit 
Section, Credit Accounting Branch, Department of the Treasury, 
Financial Management Service, 3700 East West Highway, Room 6D37, 
Hyattsville, MD 20782
Phone: 202 874-8740

RIN: 1510-AA52
_______________________________________________________________________




2601.  DEPOSITARIES FOR FEDERAL TAXES

Priority:  Other

Legal Authority:  12 USC 265; 12 USC 391; 31 USC 3122; 31 USC 323

CFR Citation:  31 CFR 214

Legal Deadline: None

Abstract: This regulation governed the designation of financial 
institutions as depositaries for Federal taxes and the handling of 
deposits of Federal taxes by such depositaries and by Federal Reserve 
Banks. On July 1, 1993, portions of this regulation were combined with 
31 CFR part 203 ``Treasury Tax and Loan Depositaries.'' (See 58 FR 
35395). Part 214 should have been eliminated at that time. This action 
eliminates Part 214.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donald Clark, Financial Program Specialist, Cash 
Management Policy and Planning Division, Department of the Treasury, 
Financial Management Service, Room 408, 401 14th St. SW., Washington, 
DC 20227
Phone: 202 874-7106

RIN: 1510-AA54
BILLING CODE 4810-35-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2602.  LABELING AND ADVERTISING OF MALT BEVERAGES

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205(e); 27 USC 205(f)

CFR Citation:  27 CFR 7

Legal Deadline: None

Abstract: ATF is considering revising its regulations in order to 
provide more information concerning the producer of a malt beverage, 
and better identification of the person for whom a malt beverage is 
produced in cases when a malt beverage is brewed under contract by a 
brewer for another person.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/00/96

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-AB45
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2603. 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:

Extension of Paso Robles, CA (contact Mary Lou Blake)  NPRM 01/10/96 
(61 FR 706)  Comment Period End 04/09/96  Final Rule 07/00/96

Malibu-Newton Canyon, CA (contact David Brokaw)  NPRM 12/22/95 (60 FR 
66535)  Comment Period End 02/20/96  Final Rule 07/00/96

Mendocino Ridge, CA (contact David Brokaw)  NPRM 07/00/96

San Francisco Bay, CA (contact David Brokaw)  NPRM 07/00/96

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
_______________________________________________________________________




2604. 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 changes to 27 CFR 7.24, Class and Type, to 
recognize new categories of malt beverages as class and type 
designations for malt beverages with flavorings and other materials 
added.

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                            05/00/96

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
_______________________________________________________________________




2605. 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                            05/00/96

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
_______________________________________________________________________




2606. 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                            05/00/96
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
_______________________________________________________________________




2607. PRODUCTION OF BEER FOR PERSONAL OR FAMILY USE AT BREW-ON-PREMISES 
FACILITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 5051; 26 USC 5053(e)

CFR Citation:  27 CFR 25.205; 27 CFR 25.206

Legal Deadline: None

Abstract: ATF is considering issuing regulations relating to the 
production of beer and the operation of Brew-on-Premises Business. 
Under the statutory exemption provided at 26 U.S.C. 5053(e), adults may 
produce beer for personal or family use without payment of tax. Since 
there is no restriction on the place where such beer may be produced, 
Brew-on-Premises have come into existence as commercial establishments 
where adults may produce such beer. Regulations may require proprietors 
of brew-on-premises to provide notice to ATF and to keep certain 
records.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/96

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-AB18
_______________________________________________________________________




2608. 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 an NPRM requesting comments and addressing 
additional issues in response to comments received on the previous 
notice. Temporary regulations are not being issued at this time.

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                            05/00/96

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
_______________________________________________________________________




2609. 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                            05/00/96
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
_______________________________________________________________________




2610.  LABELING OF UNAGED GRAPE BRANDY

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 205

CFR Citation:  27 CFR 5

Legal Deadline: None

Abstract: ATF is proposing to amend the regulations to permit the use 
of the word ``unaged'' as an alternative to ``immature'', to describe 
grape brandy which has not been stored in oak containers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/96

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-AB46
_______________________________________________________________________



FIREARMS


                    ________________________________



2611.  DEFINITION FOR THE CATEGORY OF PERSONS PROHIBITED FROM 
RECEIVING FIREARMS

Priority:  Other Significant

Legal Authority:  5 USC 552(a); 18 USC 847; 18 USC 921 to 930; 44 USC 
3504(h)

CFR Citation:  27 CFR 178

Legal Deadline: None

Abstract: ATF is proposing to amend the regulations to provide 
definitions for the categories of persons prohibited from receiving or 
possessing firearms. The proposed definitions will facilitate the 
implementation of the national instant criminal background check system 
(NICS) required under the Brady Law.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/96

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-AB41
_______________________________________________________________________




2612.  MANUFACTURES EXCISE TAX--FIREARMS AND AMMUNITION 
EXEMPTION CERTIFICATES/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:  26 USC 4181

CFR Citation:  27 CFR 53

Legal Deadline: None

Abstract: Exemption certificates and vendor/vendee statements are 
required documents to support the taxpayers claim for refund or credit 
of Federal excise tax. The Bureau has prepared these documents in a 
printed format and will make them available for use by the taxpayer. 
Currently industry must draft their own documents according to 
guidelines in the regulations. The pre-printed documents relieve 
industry from the burden of drafting these documents.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary Lou Blake, Specialist, 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-AB42
_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2613. 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                            05/00/96

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


                    ________________________________



2614. 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                    08/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Thomas Busey, 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
_______________________________________________________________________




2615. 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                    05/00/96

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
_______________________________________________________________________




2616. 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                    05/00/96

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
_______________________________________________________________________




2617. 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
Reopening of Comment Period     01/22/96                     61 FR 1545
Reopening of Comment Period End 02/21/96
Final Action                    06/00/96

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: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB34
_______________________________________________________________________




2618. 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                            11/27/95                    60 FR 52311
NPRM Comment Period End         01/26/96
NPRM Comment Period Extended    01/26/96                     61 FR 2459
NPRM Comment Period Extended End02/26/96
Final Action                    05/00/96

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
_______________________________________________________________________




2619.  BASIC PERMIT REQUIREMENTS UNDER THE FEDERAL ALCOHOL 
ADMINISTRATION ACT, NONINDUSTRIAL USE OF DISTILLED SPIRITS AND WINE, 
BULK SALES AND BOTTLING OF DISTILLED SPIRITS

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 202; 27 USC 203; 27 USC 204; 27 USC 206

CFR Citation:  27 CFR 1; 27 CFR 2; 27 CFR 3

Legal Deadline: None

Abstract: As part of a regulatory reform initiative, ATF is revising 
and recodifying the regulations covering the basic permit requirements, 
the nonindustrial use of spirits and wine, and the bulk sales and 
bottling of distilled spirits. Changes include consolidating 27 CFR 
Parts 1, 2, and 3 into a single Part 1 for ease of use and minor 
technical corrections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/96

Small Entities Affected: None

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-AB43
_______________________________________________________________________




2620.  MISCELLANEOUS REGULATIONS RELATING TO LIQUOR

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 6423; 26 USC 5064

CFR Citation:  27 CFR 70; 27 CFR 170

Legal Deadline: None

Abstract: The proposed final rule amends the regulations in 27 CFR by 
transferring the regulations in Subpart E and O from part 170 to part 
70. ATF has also reviewed the regulations within 27 CFR part 170 and 
determined that the bond requirements, provided for in Sections 170.94 
- 170.99 are no longer needed. Consequently, the bonding provisions 
found in 27 CFR part 170, Subpart E have been eliminated.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Daniel Hiland, Specialist, 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-AB44
_______________________________________________________________________




2621.  TECHNICAL AMENDMENTS

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; 27 USC 205; 27 USC 206; 27 USC 215

CFR Citation:  27 CFR 1; 27 CFR 4; 27 CFR 7; 27 CFR 16; 27 CFR 19; 27 
CFR 20; 27 CFR 22; 27 CFR 24; 27 CFR 25; 27 CFR 53; 27 CFR 55; 27 CFR 
71; 27 CFR 170; 27 CFR 178; 27 CFR 179; ...

Legal Deadline: None

Abstract: These technical amendments are intended to provide uniformity 
and improve the clarity of title 27.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Angela Shanks, Technical Aide, 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-AB47
_______________________________________________________________________



FIREARMS


                    ________________________________



2622. 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                    01/00/97

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
_______________________________________________________________________




2623. IMPLEMENTATION OF PUBLIC LAW 103-322, THE VIOLENT CRIME CONTROL 
AND LAW ENFORCEMENT ACT OF 1994

Priority:  Other Significant

Legal Authority:  5 USC 522(a); 18 USC 847; 18 USC 921 to 930; 18 USC 
1261; 19 USC 1607; 19 USC 1610; 19 USC 1612 to 1613; 19 USC 1618; 26 
USC 7101; 26 USC 7322 to 7326; 31 USC 9301; 31 USC 9303 to 9304; 31 USC 
9306; 40 USC 304(k); 44 USC 3504(h); ...

CFR Citation:  27 CFR 55; 27 CFR 72; 27 CFR 178; 27 CFR 179

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco, and Firearms (ATF) is issuing 
this temporary rule to implement the provisions of Public Law 103-322, 
the Violent Crime Control and Law Enforcement Act of 1994, enacted 
September 13, 1994. These regulations implement the law by restricting 
the manufacture, transfer, and possession of certain semiautomatic 
assault weapons and large-capacity ammunition feeding devices. 
Regulations are also prescribed with regard to reports of theft or loss 
of firearms from a licensee's inventory or collection, new requirements 
for Federal firearms licensing, responses by firearms licensees to 
requests for gun trace information, possession of firearms by persons 
subject to restraining orders, and possession of a handgun, or 
ammunition for a handgun, by juveniles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/06/95                    60 FR 17494
Interim Final Rule              04/06/95                    60 FR 17446
NPRM Comment Period End         07/05/95
Final Action                    08/00/96

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-AB35
_______________________________________________________________________



PROCEDURAL


                    ________________________________



2624. 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                    06/00/96

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)



_______________________________________________________________________




2625. 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.

CFR Citation:  27 CFR 197

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                    06/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Steve Simon
Phone: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AA20
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________




2626. WINEGRAPE VARIETAL DESIGNATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 4

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/08/96                      61 FR 522
Final Action Effective          02/07/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1512-AA67
_______________________________________________________________________




2627. USE OF TERM ``RESERVE'' ON WINE LABELS

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 4

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Further Study 
Required.                       01/30/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1512-AB25
BILLING CODE 4810-31-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2628. CAPITAL RULES

Priority:  Substantive, Nonsignificant

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: None

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) collateralized 
transactions; (2) mortgage servicing rights; (3) market risk; (4) 
market risk backtesting; and (5) two rules on recourse arrangements 
((a) recourse arrangements and direct credit substitutes; and (b) small 
business loans).

Timetable:

Collateralized Transactions  NPRM 06/00/96

Market Risk  NPRM 07/25/95 (60 FR 38082)  SNPRM 03/07/96 (61 FR 
9114)  SNPRM Comment Period End 04/08/96  Final Rule 06/00/96

Mortgage Servicing Rights  Interim Rule 08/01/95 (60 FR 39226)  Final 
Rule 06/00/96

OECD Membership  NPRM 10/14/94 (59 FR 52100)  Final Rule 12/20/95 (60 
FR 66042)

Recourse: Recourse and Direct Credit Substitutes  ANPRM/NPRM 05/25/94 
(59 FR 27116)  NPRM 06/00/96

Recourse: Small Business Loans  Interim Rule 09/13/95 (60 FR 47455)

Small Entities Affected: None

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, fax (202)874-5417, 
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
Fax: 202 874-4889

RIN: 1557-AB14
_______________________________________________________________________




2629. ASSESSMENT OF FEES; NATIONAL BANKS; DISTRICT OF COLUMBIA BANKS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a; 12 USC 481; 12 USC 482; 12 USC 5102; 15 
USC 78c and 78l; 26 DC Code 102

CFR Citation:  12 CFR 8

Legal Deadline: None

Abstract: This rulemaking would reconsider assessments and fees on 
national banks.

Timetable:

Assessments Review  NPRM 11/00/96

Trust Fees  Interim Rule 11/18/94 (59 FR 59640)  Final Rule 11/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACTS: Patricia Grady, 
Senior Attorney, Administrative and Internal Law Division, (202)874-
4460, fax (202)874-4555, and Mark Tenhundfeld, Senior Attorney, 
Legislative and Regulatory Activities Division, (202)874-5090, fax 
(202)874-4889, 250 E Street SW., Washington, DC 20219.

Agency Contact: Roy Madsen, Assistant Chief Financial Officer, 
Department of the Treasury, Comptroller of the Currency, Financial 
Systems Management Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5130
Fax: 202 874-5171

RIN: 1557-AB41
_______________________________________________________________________




2630. 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

Additional Information: ADDITIONAL AGENCY CONTACT: Kevin Lee, Senior 
Attorney, Community and Consumer Law Division, (202)874-5750, fax 
(202)874-5322, 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
Fax: 202 874-4889

RIN: 1557-AB50
_______________________________________________________________________




2631. GOVERNMENT SECURITIES SALES PRACTICES

Priority:  Substantive, Nonsignificant

Legal Authority:  15 USC 78o-3; 15 USC 78o-5

CFR Citation:  Not yet determined

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                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACTS: Daniel Cooke, 
Attorney, Legislative and Regulatory Activities Division, (202)874-
5090, fax (202)874- 4889, and Elizabeth Malone, Senior Attorney, 
Securities and Corporate Practices Division, (202)874-5210, fax 
(202)874-5279, 250 E Street SW., Washington, DC 20219.

Agency Contact: Mark Tenhundfeld, Senior Attorney, Legislative & 
Regulatory Activities Division, Department of the Treasury, Comptroller 
of the Currency, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB52
_______________________________________________________________________




2632.  LENDING LIMITS

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 84; 12 USC 93a

CFR Citation:  12 CFR 32

Legal Deadline: None

Abstract: The OCC intends to make several technical corrections to the 
current lending limit regulation and to expand the exception for loans 
made to protect collateral to include personal property as well as real 
property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Aline Henderson, 
Senior Attorney, Bank Activities & Structure Division, (202)874-5300, 
fax (202)874-5322, 250 E Street SW., Washington, DC 20219.

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
Fax: 202 874-4889

RIN: 1557-AB55
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2633. FIDUCIARY ACTIVITIES OF NATIONAL BANKS; 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                            12/21/95                    60 FR 66163
NPRM Comment Period End         02/20/96
Final Action                    06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Dean E. Miller, 
Senior Advisor for Fiduciary Responsibilities, (202)874-4852, fax 
(202)874-5221, 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
Fax: 202 874-4889

RIN: 1557-AB12
_______________________________________________________________________




2634. STANDARDS FOR SAFETY AND SOUNDNESS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a; 12 USC 1831p-1

CFR Citation:  12 CFR 30

Legal Deadline:  Final, Statutory, August 1, 1993.

Abstract: The OCC has initiated a rulemaking soliciting public comment 
on proposed standards for asset quality and earnings. These standards 
implement section 132 of the Federal Deposit Insurance Corporation 
Improvement Act of 1991, as amended by section 318 of the Riegle 
Community Development and Regulatory Improvement Act of 1994.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/15/92                    57 FR 31336
ANPRM Comment Period End        09/16/92
NPRM                            11/18/93                    58 FR 60802
NPRM Comment Period End         01/03/94
Asset Quality and Earnings  Proposed Guidelines 07/10/95 (60 FR 
35674)  Final Rule 04/00/96

Standards for Safety and Soundness  Final Rule 07/10/95 (60 FR 35674)

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Mark Tenhundfeld, 
Senior Attorney, Legislative and Regulatory Activities Division, 
(202)874-5090, fax (202)874-4889, 250 E Street SW., Washington, DC 
20219.

Agency Contact: Emily R. McNaughton, National Bank Examiner, Department 
of the Treasury, Comptroller of the Currency, Office of the Chief 
National Bank Examiner, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5170
Fax: 202 874-5417

RIN: 1557-AB17
_______________________________________________________________________




2635. 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.

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. Sec. 107(b) of the Riegle-Neal 
Interstate Act, P.L. 103-328, 12 USC 3104 note, requires the OCC to 
revise its regulations governing the types of deposits that may be 
accepted by uninsured Federal branches of foreign banks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/05/95                    60 FR 34907
NPRM Comment Period End         09/05/95
Final Action                    05/00/96

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
Fax: 202 874-5221

RIN: 1557-AB26
_______________________________________________________________________




2636. 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. Consistent with safety and soundness 
requirements, 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/95                    60 FR 66152
NPRM Comment Period End         02/20/96
Final Action                    09/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stuart Feldstein, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB37
_______________________________________________________________________




2637. 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                            12/29/95                    60 FR 67424
NPRM Comment Period End         02/27/96
Final Action                    09/00/96
Management Interlocks Small Market Share Exemption  NPRM 06/09/94 (59 
FR 29740)

Small Entities Affected: None

Government Levels Affected: None

Additional Information: The Small Market Share Exemption NPRM was 
withdrawn as part of the 12/29/95 NPRM.

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
Fax: 202 874-4889

RIN: 1557-AB39
_______________________________________________________________________




2638. 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 the insider 
lending rules as needed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/11/95                    60 FR 63461
NPRM Comment Period End         02/09/96
Final Action                    06/00/96

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
Fax: 202 874-4889

RIN: 1557-AB40
_______________________________________________________________________




2639. 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.

Legal Authority:  12 USC 24; 12 USC 92a

CFR Citation:  12 CFR 12

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 recordkeeping and confirmation requirements for securities 
transactions. The OCC would update and streamline its regulations to 
reduce unnecessary burden and regulatory costs. The proposed revision 
to Part 12 will reorganize the regulation by placing related subjects 
together, clarify areas where rules are unclear or confusing, and 
update various provisions to address market developments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/95                    60 FR 66517
NPRM Comment Period End         02/20/96
Final Action                    11/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Suzette Greco, 
Senior Attorney, Securities and Corporate Practices Division, (202)874-
5210, fax (202)874-5279, 250 E Street SW., Washington, DC 20219.

Agency Contact: Mark Tenhundfeld, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative & Regulatory 
Activities, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB42
_______________________________________________________________________




2640. 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.

Legal Authority:  5 USC 504; 5 USC 554 to 557; 12 USC 93(b); 12 USC 
164; 12 USC 505; 12 USC 1817; 12 USC 1818; 12 USC 1820; 12 USC 1831o; 
12 USC 1972; 12 USC 3102; 12 USC 3108; 12 USC 3909

CFR Citation:  12 CFR 19

Legal Deadline: None

Abstract: The OCC would: (1) implement section 112(g)(4) of the Federal 
Deposit Insurance Corporation Improvement Act of 1991 to develop joint 
agency procedures for the suspension and debarment of accountants, upon 
a showing of good cause, from performing certain audit services; and 
(2) amend the Uniform Rules to increase efficiency in the 
administrative adjudication process. Further, the OCC would make 
technical changes including minor changes to increase the efficiency of 
the administrative adjudication process.

Timetable:

Suspension and Debarment of Accountants  NPRM 00/00/00

Uniform Rules -- Administrative Adjudication Process  NPRM 06/23/95 (60 
FR 32882)  Final Rule 04/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Daniel Cooke, Attorney, Department of the Treasury, 
Comptroller of the Currency, Legislative & Regulatory Activities, 
Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB43
_______________________________________________________________________




2641. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/06/95                    60 FR 46246
NPRM Comment Period End         11/06/95
Final Action                    07/00/96

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, fax (202)874-5350, 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
Fax: 202 874-4889

RIN: 1557-AB45
_______________________________________________________________________




2642. 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 encouraging national 
banks to make prudent investments in community development corporations 
and projects.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/28/95                    60 FR 67091
NPRM Comment Period End         02/26/96
Final Action                    05/00/96
Reinvestment Provision  NPRM 10/26/95 (60 FR 54819)  Final Rule 12/28/
95 (60 FR 67049)

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Michele Meyer, 
Attorney, Community and Consumer Law Division, (202)874-5750, fax 
(202)874-5322, 250 E Street SW., Washington, DC 20219.

Agency Contact: Karen McSweeney, Attorney, Department of the Treasury, 
Comptroller of the Currency, Legislative & Regulatory Activities 
Division, 250 E Street SW., Washington, DC 20291
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB46
_______________________________________________________________________




2643. 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 4104a; 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/18/95                    60 FR 53962
NPRM Comment Period End         12/18/95
Final Action                    05/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Carol Workman, 
Compliance Specialist, Compliance Management Division, (202)874-4858, 
fax (202)874-5221, and Margaret Hesse, Attorney, Community & Consumer 
Law Division, (202)874-5750, fax (202)874-5322, 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
Fax: 202 874-4889

RIN: 1557-AB47
_______________________________________________________________________




2644. 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.

Legal Authority:  12 USC 24(Seventh); 12 USC 93a; 12 USC 1818

CFR Citation:  12 CFR 2

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 the disposition of credit life insurance income.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/13/95                    60 FR 47498
NPRM Comment Period End         11/13/95
Final Action                    05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stuart E. Feldstein, 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
Fax: 202 874-4889

RIN: 1557-AB49
_______________________________________________________________________




2645. 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

________________________________________________________________________

Final Rule                      12/20/95                    60 FR 66048
Final Rule Effective            04/01/96
Final Rule                      05/00/96

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
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2646. 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 7; 12 CFR 16

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stuart Feldstein
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB27
_______________________________________________________________________




2647.  FAIR HOUSING HOME LOAN DATA SYSTEM

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 1 et seq; 12 USC 93a; 12 USC 161; 
12 USC 481; 12 USC 1818; 15 USC 1691 et seq; 42 USC 3601 et seq

CFR Citation:  12 CFR 27

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. As part of that Program, the OCC is 
conducting a comprehensive review of its Fair Housing Home Loan Data 
System. The OCC would update and clarify its regulation in order to 
eliminate any provision that imposes unnecessary regulatory burdens.

Timetable: Next Action Undetermined

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
Fax: 202 874-4889

RIN: 1557-AB53
_______________________________________________________________________




2648.  SALESPERSON TESTING AND FILING REQUIREMENTS FOR RETAIL 
SALES OF NON-DEPOSIT INVESTMENT PRODUCTS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a

CFR Citation:  Not yet determined

Legal Deadline: None

Abstract: The regulation will require bank employees to meet certain 
qualification standards before selling non-deposit investment products 
in a bank.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Joel Miller, Senior 
Attorney, Securities and Corporate Practices Division, (202)874-5210, 
fax (202)874-5279, 250 E Street SW., Washington, DC 20219.

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
Fax: 202 874-4889

RIN: 1557-AB54
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2649. 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.

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/15/95                    60 FR 57315
Final Action Effective          01/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Andrew Gutierrez
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AA67
_______________________________________________________________________




2650. MINIMUM SECURITY DEVICES AND PROCEDURES, REPORTS OF SUSPICIOUS 
ACTIVITIES, AND BANK SECRECY ACT 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/05/96                     61 FR 4332
Final Action Effective          04/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert S. Pasley
Phone: 202 874-4800
Fax: 202 874-5301

RIN: 1557-AB19
_______________________________________________________________________




2651. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/09/96                     61 FR 4849
Final Action Effective          04/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stuart Feldstein
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB38
_______________________________________________________________________




2652. 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.

CFR Citation:  12 CFR 34

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/20/96                    61 FR 11294
Final Action Effective          04/19/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Tenhundfeld
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB48
BILLING CODE 4810-33-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2653. 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                        08/00/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1515-AB14
_______________________________________________________________________




2654. 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                            05/00/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1515-AB27
_______________________________________________________________________




2655. 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                            08/00/96

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
_______________________________________________________________________




2656. 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                            08/00/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1515-AB54
_______________________________________________________________________




2657. 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                            11/00/96

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
_______________________________________________________________________




2658. 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                            04/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ira Reese, Chief, Technical Branch, Office of 
Laboratories & Scientific Services, Department of the Treasury, United 
States Customs Service, 1301 Constitution Avenue NW., Washington, DC 
20229
Phone: 202 927-1060

RIN: 1515-AB60
_______________________________________________________________________




2659. COUNTRY-OF-ORIGIN MARKING REQUIREMENTS FOR FROZEN PRODUCE PACKAGES

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: Advance notice of proposed rulemaking regarding the marking 
of country of origin on packages of frozen produce. Purpose of document 
is to help determine whether a rulemaking is needed to ensure a uniform 
standard for conspicuous and legible country-of-origin marking, and if 
needed, the contents of that rulemaking.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/02/95                     60 FR 6464
ANPRM Comment Period End        03/20/95
NPRM                            05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David Cohen, Attorney, 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-AB61
_______________________________________________________________________




2660. 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                            05/00/96

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
_______________________________________________________________________




2661. 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                            04/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: George F. McCray, 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-AB74
_______________________________________________________________________




2662. 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                            04/00/96

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
_______________________________________________________________________




2663. 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                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dave Kahne, Operations Officer, Office of Field 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0159

RIN: 1515-AB76
_______________________________________________________________________




2664. RECORDKEEPING REQUIREMENTS

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 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                            04/00/96

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
_______________________________________________________________________




2665. 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                            05/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Glen Vereb, Attorney-Advisor, Entry and 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
_______________________________________________________________________




2666. 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                            08/00/96

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
_______________________________________________________________________




2667.  DUTY-FREE STORES

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 1311; 19 
USC 1312; 19 USC 1555; 19 USC 1556; 19 USC 1557; 19 USC 1560; 19 USC 
1561; 19 USC 1562; 19 USC 1624

CFR Citation:  19 CFR 19; 19 CFR 144

Legal Deadline: None

Abstract: Document would amend the Customs Regulations principally with 
respect to duty-free stores in order to reduce the overall paperwork 
burden for proprietors thereof as well as for Customs. In particular, 
for purposes of Customs audit of and control over such facilities, 
greater reliance would be placed on the use of records generated and 
maintained by proprietors and importers in the ordinary course of 
business, instead of on the use of specially prepared Customs forms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael Jackson, Customs Officer, Department of the 
Treasury, United States Customs Service, Customs Management Center, 
Seattle, Washington
Phone: 206 553-6944

RIN: 1515-AB86
_______________________________________________________________________




2668.  FOREIGN-BASED COMMERCIAL MOTOR VEHICLES IN INTERNATIONAL 
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 1431; 19 USC 1433; 19 
USC 1322; 19 USC 1624

CFR Citation:  19 CFR 123

Legal Deadline: None

Abstract: Document would amend the Customs Regulations to allow certain 
foreign-based commercial motor vehicles, which are admitted to the 
United States as instruments of international traffic, to retain such 
status provided they exit the United States within 365 days of the date 
of their admission, and provided the country in which such vehicles are 
based accords corresponding United States-based vehicles reciprocal 
treatment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Glen Vereb, Attorney, Entry and 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-AB88
_______________________________________________________________________




2669.  ELECTRONIC REQUESTS FOR CONFIDENTIAL TREATMENT OF EXPORT 
MANIFEST DATA

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 103

Legal Deadline: None

Abstract: Document would amend Customs Regulations concerning export 
manifest data to enable shippers to request confidential treatment of 
their name and address information on the Automated Export System.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dennis Benjamin, Automated Export System Team, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0280

RIN: 1515-AB89
_______________________________________________________________________




2670.  PORT PASSAGE EXCEL SERVICE SYSTEM (PORTPASS)

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 1431; 19 USC 1433; 19 
USC 1624

CFR Citation:  19 CFR 123

Legal Deadline: None

Abstract: Document would amend Customs Regulations to reference certain 
Immigration and Naturalization Service land border inspection programs, 
jointly developed with Customs and provided for in the Immigration and 
Naturalization Service's regulations. These land border inspection 
programs--collectively known as Port Passenger Acceleration Service 
System (PORTPASS)--are designed to facilitate the processing of certain 
pre-registered low-risk travelers and local residents along the United 
States border who frequently cross at certain areas by exempting them 
from normal report of arrival and presentation for inspection 
requirements, while still safeguarding the integrity of the United 
States land border.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joseph O'Gorman, Operations Officer, Office of Field 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0543

RIN: 1515-AB90
_______________________________________________________________________




2671.  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:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1309; 19 
USC 1313; 19 USC 1514; 19 USC 1557; 19 USC 81c; 18 USC 1550

CFR Citation:  19 CFR 7; 19 CFR 10; 19 CFR 145; 19 CFR 173; 19 CFR 174; 
19 CFR 181; 19 CFR 191

Legal Deadline: None

Abstract: Amendment to implement extensive substantive changes to the 
drawback law pursuant to the Customs Modernization Act. The goals of 
the changes are to expedite the filing and processing of drawback 
claims, while maintaining effective Customs enforcement and control 
over the drawback program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bruce Friedman, Operations Officer, Department of the 
Treasury, United States Customs Service, 1301 Constitution Avenue NW., 
Washington, DC 20229
Phone: 202 927-0916

RIN: 1515-AB95
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2672. HARBOR MAINTENANCE FEE

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 81a to 81u; 19 USC 623; 
19 USC 1202; 19 USC 1624; 31 USC 9701; PL 99-272; PL 99-509; PL 99-662

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

Legal Deadline:  Final, Statutory, April 1, 1987.

Abstract: Amendments to the Customs Regulations to implement provisions 
of the Water Resources Development Act of 1986 which authorizes Customs 
to assess a harbor maintenance fee of 0.125 percent (.00125) on the 
value of commercial cargo loaded on or unloaded from a commercial 
vessel at a port unless specifically exempted from the fee. Proceeds of 
the fee are deposited in a trust fund for the U.S. Army Corps of 
Engineers to use for the improvement and maintenance of U.S. ports and 
harbors.

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
Final Action                    10/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Patricia Barbare, Department of the Treasury, United 
States Customs Service, Room 4128, 1301 Constitution Avenue NW., 
Washington, DC 20229
Phone: 202 927-0034

RIN: 1515-AA57
_______________________________________________________________________




2673. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 24

Legal Deadline: None

Abstract: Amends interim Customs Regulations relating to harbor 
maintenance fees. The interim regulations established a shipping fee 
for transporting cargo on specified U.S. waterways. The Act was amended 
to include an exemption for nonprofit organizations or cooperatives 
which own or finance cargo determined by Customs to be intended for use 
in humanitarian or development assistance overseas. This amendment sets 
forth the applicability and terms of this exemption.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/08/92                      57 FR 607
Final Action                    10/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Patricia Barbare, Operations Officer, User Fee Task 
Force, Department of the Treasury, United States Customs Service, Room 
4128, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0034

RIN: 1515-AA87
_______________________________________________________________________




2674. 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                    07/00/96

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
_______________________________________________________________________




2675. 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
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                    06/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sandra L. Gethers, Chief, 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-AB34
_______________________________________________________________________




2676. 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                    05/00/96

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
_______________________________________________________________________




2677. 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                    07/00/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1515-AB43
_______________________________________________________________________




2678. 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
Final Action                    05/00/96

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
_______________________________________________________________________




2679. 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
Final Action                    04/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Matthew McConkey, 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
_______________________________________________________________________




2680. 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                    05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Priscilla Frink, Customs Officer, Department of the 
Treasury, United States Customs Service, 1301 Constitution Avenue NW., 
Washington, DC 20229
Phone: 202 927-1323

RIN: 1515-AB64
_______________________________________________________________________




2681. 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              04/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William G. Rosoff, Chief, Entry and Carrier 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
_______________________________________________________________________




2682. 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                            11/16/95                    60 FR 57559
NPRM Comment Period End         02/15/96                    60 FR 66952
Final Action                    06/00/96

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
_______________________________________________________________________




2683. 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                            01/24/96                     61 FR 1877
NPRM Comment Period End         03/25/96
Final Action                    10/00/96

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
_______________________________________________________________________




2684.  NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)--
IMPLEMENTATION OF DUTY-DEFERRAL PROGRAM PROVISIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1448; 19 USC 1481; 19 USC 1484; 19 
USC 1202; 19 USC 1315; 19 USC 1624; 19 USC 3314

CFR Citation:  19 CFR 10; 19 CFR 113; 19 CFR 141; 19 CFR 144; 19 CFR 
181

Legal Deadline:  Final, Statutory, January 1996.

Abstract: Document amends regulations to establish procedural and other 
requirements that apply to the collection, waiver, and reduction of 
duties under the duty-deferral program provisions of the North American 
Free Trade Agreement. The document prescribes the documentary and other 
requirements that must be followed when merchandise is withdrawn from a 
U.S. duty-deferral program either for exportation to another NAFTA 
country or for entry into a duty-deferral program of another NAFTA 
country, the procedures that must be followed in filing a claim for a 
waiver or reduction of duties collected on such merchandise, and the 
procedures for finalization of duty collections and duty waiver or 
reduction claims.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/30/96                     61 FR 2908
Final Action                    07/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Angela Downey, Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-1082

RIN: 1515-AB87
_______________________________________________________________________




2685.  PROHIBITED/RESTRICTED MERCHANDISE; FOREIGN ASSETS CONTROL 
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 301; 19 USC 66; 19 USC 1202; 19 USC 1600; 19 
USC 1619; 19 USC 1624; 19 USC 1646a

CFR Citation:  19 CFR 12; 19 CFR 145; 19 CFR 161

Legal Deadline: None

Abstract: Document would amend the Customs Regulations to more clearly 
provide that Customs enforces the regulations of the Office of Foreign 
Assets Control of the Department of the Treasury regarding prohibitions 
or restrictions on the entry of merchandise from certain countries that 
have been designated by the President as constituting a national 
security threat to the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Louis Alfano, Operations Officer, Office of Field 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0005

RIN: 1515-AB91
_______________________________________________________________________




2686.  TREATMENT OF MERCHANDISE IMPORTED BY FOREIGN GOVERNMENTS 
OR DESIGNATED INTERNATIONAL ORGANIZATIONS

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 1496; 19 USC 1498

CFR Citation:  19 CFR 148

Legal Deadline: None

Abstract: Document amends the Customs Regulations in order to reflect 
the longstanding practice of permitting property belonging to foreign 
governments or designated international organizations which is admitted 
free of duty at the request of the Department of State, to be so 
admitted using the approved Department of State request as the Customs 
entry.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dennis Sequeira, Office of International Affairs, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-1480

RIN: 1515-AB92
_______________________________________________________________________




2687.  SUSPENSION OF UNITED STATES-CANADA FREE TRADE AGREEMENT 
IMPLEMENTING 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:  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 
3314

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Document amends the Customs Regulations implementing the duty 
preference provisions of the U.S.-Canada Free-Trade Agreement (CFTA) to 
reflect that operation of the CFTA was suspended by agreement of the 
Governments of the United States and Canada as a result of the entry 
into force of the North American Free Trade Agreement on January 1, 
1994.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Myles Harmon, Director, International Trade Compliance 
Staff, Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-7000

RIN: 1515-AB93
_______________________________________________________________________




2688.  EMISSIONS STANDARDS FOR IMPORTED NONROAD ENGINES

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 
USC 1484; 42 USC 7522; 42 USC 7601

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Document amends the Customs Regulations in conformance with 
the regulations that have already been adopted by Environmental 
Protection Agency (EPA) in order to ensure the compliance of imported 
nonroad engines with applicable EPA emissions standards required by 
law.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Leo Wells, Operation Officer, Office of Trade 
Compliance, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0771

RIN: 1515-AB94
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2689. RULES OF ORIGIN

Priority:  Substantive, Nonsignificant

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)

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                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sandra L. Gethers
Phone: 202 482-6980

RIN: 1515-AB19
_______________________________________________________________________




2690. 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
_______________________________________________________________________




2691. 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
_______________________________________________________________________




2692. COUNTRY-OF-ORIGIN MARKING FOR WATCHES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 134

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           03/20/95                    60 FR 14705
ANPRM Comment Period End        05/04/95


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Burton Schlissel
Phone: 202 482-6980

RIN: 1515-AB68
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2693. 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.

CFR Citation:  19 CFR 4

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/26/96                     61 FR 2412
Final Action Effective          02/26/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lou Samenfink
Phone: 202 927-0042

RIN: 1515-AB37
_______________________________________________________________________




2694. ENFORCEMENT OF ITC EXCLUSION ORDERS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 12

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/27/95                    60 FR 54939
Final Action Effective          11/27/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Vicki Allums
Phone: 202 482-6960

RIN: 1515-AB44
_______________________________________________________________________




2695. NORTH AMERICAN FREE TRADE AGREEMENT--SUBMISSION OF CERTIFICATES OF 
ELIGIBILITY FOR TEXTILE AND APPAREL GOODS UNDER THE TARIFF PREFERENCE 
LEVEL PROVISIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 12

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/28/95                    60 FR 58516
Final Action Effective          11/28/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dick Crichton
Phone: 202 927-0162

RIN: 1515-AB50
_______________________________________________________________________




2696. EXAMINATION OF BAGGAGE

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 123; 19 CFR 148

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/20/95                    60 FR 54187
Final Action Effective          11/20/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lars-Erik Hjelm
Phone: 202 927-6900

RIN: 1515-AB56
_______________________________________________________________________




2697. SEIZURE OF MERCHANDISE

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 162

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/28/95                    60 FR 67057
Final Action Effective          01/29/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Todd Schneider
Phone: 202 482-6950

RIN: 1515-AB62
_______________________________________________________________________




2698. RULES OF ORIGIN FOR TEXTILE AND APPAREL PRODUCTS

Priority:  Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/05/95                    60 FR 46188
Final Action Effective          10/05/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Phil Robins
Phone: 202 482-7029

RIN: 1515-AB71
_______________________________________________________________________




2699. SEARCH WARRANTS

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 162

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/04/96                      61 FR 258
Final Action Effective          02/05/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lars-Erik Hjelm
Phone: 202 927-6900

RIN: 1515-AB72
_______________________________________________________________________




2700. EXPORT CERTIFICATES FOR BEEF SUBJECT TO TARIFF-RATE QUOTA

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 132

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/01/96                     61 FR 3569
Final Action Effective          02/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karen Cooper
Phone: 202 927-5401

RIN: 1515-AB73
_______________________________________________________________________




2701. UNESCO CULTURAL PROPERTY CONVENTION SIGNATORIES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 12

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/13/95                    60 FR 47466
Final Action Effective          09/13/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donnette Rimmer
Phone: 202 482-6960

RIN: 1515-AB78
_______________________________________________________________________




2702. REMOVAL OF CAMBODIA AND VIETNAM FROM LIST OF ``NON-ENTRANT'' 
COUNTRIES

Priority:  Routine and Frequent

CFR Citation:  19 CFR 4

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/18/95                    60 FR 48027
Final Action Effective          09/18/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Barbara Whiting
Phone: 202 482-6940

RIN: 1515-AB81
BILLING CODE 4820-02-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2703. DEFINITION OF QUALIFIED RESEARCH AND COMPUTATION OF RESEARCH 
CREDIT UNDER SECTION 41 OF THE CODE, AFTER 1986, 1989 AND 1993 ACTS

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 clarify and implement the section 41 research 
credit including the trade or business requirement, the computation of 
the credit, the definition of qualified research, and the computation 
of basic research payments. The regulations reflect changes made by the 
1986 Tax Reform Act and the Revenue Reconciliation Acts of 1989 and 
1993.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96

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
_______________________________________________________________________




2704. 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) of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-29-95
Drafting attorney: David Selig (202) 622-3040.
Reviewing attorney: Barbara Walker (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
_______________________________________________________________________




2705. 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                            06/00/96

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: William E. Blanchard (202) 622-3950.

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
_______________________________________________________________________




2706. PERSONAL INJURY DAMAGES

Priority:  Substantive, Nonsignificant

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                            06/00/96

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
_______________________________________________________________________




2707. CONTINUATION COVERAGE REQUIREMENTS OF GROUP HEALTH PLANS

Priority:  Substantive, Nonsignificant

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
Hearing                         11/04/87
Second NPRM                     12/00/96

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
_______________________________________________________________________




2708. QUALIFIED RESIDENCE INTEREST

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance regarding the 
definition of qualified residence interest, including the definition of 
acquisition debt and guidance regarding the computation of the 
limitation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-27-88.
Drafting attorney: Sharon L. Hall (202) 622-4930.
Reviewing attorney: Linda M. Kroening (202) 622-4800.

Agency Contact: Sharon L. Hall, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, Washington, DC 
20224
Phone: 202 622-4930

RIN: 1545-AL67
_______________________________________________________________________




2709. 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                            04/00/96

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
_______________________________________________________________________




2710.  BOND PREMIUM AMORTIZATION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 0171; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project updates section 171 regulations and incorporate 
changes made by 1986 Act (requiring premium to be amortized on constant 
yield method) and by 1988 Act (providing premium is an offset to income 
not a deduction).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-48-95
Drafting attorney: William Cejudo (202) 622-3920.
Drafting attorney: Jeffrey Maddrey (202) 622-3940.
Reviewing attorney: Sharon Galm (202) 622-3920.

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-AU02
_______________________________________________________________________




2711. 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                            09/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

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
_______________________________________________________________________




2712. 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                            04/00/96

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
_______________________________________________________________________




2713. 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                            04/00/96

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
_______________________________________________________________________




2714. 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
Hearing                         12/08/87
NPRM                            12/00/96

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
_______________________________________________________________________




2715. METHOD CHANGE RULES FOR THE UNIFORM CAPITALIZATION RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 263A

CFR Citation:  26 CFR 1; 26 CFR 602

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
Hearing                         12/08/87
NPRM                            10/00/96

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
_______________________________________________________________________




2716. RULES FOR TREATMENT OF FOREIGN CORPORATION WHOSE STOCK IS STAPLED 
TO THE STOCK OF A DOMESTIC CORPORATION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 268B

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide a general rule that where a U.S.-
owned foreign corporation and a U.S.-owned domestic corporation are 
stapled entities, the foreign corporation will be treated as a domestic 
corporation and that the deemed conversion will be treated as a 
reorganization under section 368(a)(1)(F) of the Code. The regulations 
will also provide exceptions to this general rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-237-89.
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Patricia Brown (202) 622-1781.
Completed in error in the October 1995 Unified Agenda.

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-AN20
_______________________________________________________________________




2717.  SUBSTANTIATION OF EXPENSES--RECEIPT THRESHOLD

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 0274(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations proposes to raise the level at which certain 
expenditures which are required to be substantiated under section 
274(d) of the Internal Revenue Code must be documented by a receipt or 
other evidence.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-36-95
Drafting attorney: Donna M. Crisalli (202) 622-4920.
Reviewing attorney: George Baker (202) 622-4920.
Treasury attorney: Annette Smith (202) 622-0868.

Agency Contact: Donna Crissali, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-4920
Fax: 202 622-6316

RIN: 1545-AT97
_______________________________________________________________________




2718.  SUBSTANTIATION OF EXPENSES--RECEIPT THRESHOLD

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 0274(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations raise the level at which certain 
expenditures which are required to be substantiated under section 
274(d) of the Internal Revenue Code must be documented by a receipt or 
other evidence.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-36-95
Drafting attorney: Donna M. Crisalli (202) 622-4920.
Reviewing attorney: George Baker (202) 622-4920.
Treasury attorney: Annette Smith (202) 622-0868.

Agency Contact: Donna Crisalli, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-4920
Fax: 202 622-6316

RIN: 1545-AT98
_______________________________________________________________________




2719. 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                            04/00/96

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
_______________________________________________________________________




2720. SCOPE OF GENERAL UTILITIES REPEAL

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 337(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The Tax Reform Act of 1986 (the ``Act'') repealed the last 
vestiges of the General Utilities doctrine (``GU repeal''), and 
corporations must recognize gain, in most cases, upon the distribution 
of appreciated property to their shareholders. The Act granted the 
Secretary authority to promulgate regulations necessary to carry out 
the purposes of the Act. It has been determined that GU repeal can be 
circumvented by conversion of for-profit corporations to tax-exempt 
entities and other transactions involving tax-exempt entities. This 
project will develop regulations to prevent the circumvention of 
corporate-level gain in such transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: CO-014-89.
Drafting attorney: Stephen R. Cleary (202) 622-7530.
Reviewing attorney: Wayne T. Murray (202) 622-7530.

Agency Contact: Stephen R. Cleary, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-7530

RIN: 1545-AN21
_______________________________________________________________________




2721. 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                            09/00/96

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
_______________________________________________________________________




2722. 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                            12/00/96

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
_______________________________________________________________________




2723. 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                            12/00/96

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
_______________________________________________________________________




2724. 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                            12/00/96

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
_______________________________________________________________________




2725. 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                            04/00/96

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
_______________________________________________________________________




2726. REVISING THE DEFINITION OF THE FULL FUNDING LIMITATION FOR 
PURPOSES OF THE MINIMUM FUNDING REQUIREMENT FOR PENSION PLANS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 412(c)(7); 26 USC 401(a)(2)

CFR Citation:  26 CFR 1

Legal Deadline:  NPRM, Statutory, August 5, 1988.

Abstract: This project will interpret the full funding limitation on 
deductible contributions to pension plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-62-88.
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Mary E. Oppenheimer (202) 622-6010.
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-AL53
_______________________________________________________________________




2727. 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
_______________________________________________________________________




2728. HYBRID INSTRUMENTS

Priority:  Substantive, Nonsignificant

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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

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
_______________________________________________________________________




2729. INSTALLMENT OBLIGATIONS RECEIVED FROM LIQUIDATING CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0453

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
NPRM                            12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-184-80
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
_______________________________________________________________________




2730. DEFINITION OF A LONG-TERM CONTRACT

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; 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
_______________________________________________________________________




2731.  SECTION 467 RENTAL AGREEMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 467; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations amend the Income Tax Regulations 
relating to section 467 of the Internal Revenue Code in general, 
section 467 requires parties to certain rental agreements to accrue 
rent and interest in accordance with section 467. The proposed 
regulations provide guidance regarding the applicability of section 467 
and the amount of rent and interest required to be accrued under 
section 467.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: IA-292-84
Drafting attorney: Forest Boone (202) 622-4960.
Reviewing attorney: Steve Toomey (202) 622-4960.
Treasury attorney: Kevin Anderson (202) 622-1981.

Agency Contact: Forest Boone, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4960

RIN: 1545-AU11
_______________________________________________________________________




2732. ESCROW FUNDS AND OTHER SIMILAR FUNDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0468

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                            09/00/96

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
_______________________________________________________________________




2733. 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                            04/00/96

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
_______________________________________________________________________




2734.  MARK-TO-MARKET FOR DEALERS IN SECURITIES: EQUITY 
INTERESTS IN RELATED PARTIES AND THE DEALER-CUSTOMER RELATIONSHIP

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0475; 26 USC 6001

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations relate to mark-to-market accounting for 
equity interests in related entities and the dealer-customer 
relationship.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: FI-32-95
Drafting attorney: Jo Lynn Ricks (202) 622-3920.

Agency Contact: Jo Lynn Ricks, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service
Phone: 202 622-3920
Fax: 202 622-4425

RIN: 1545-AT94
_______________________________________________________________________




2735. 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                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-051-92.
Drafting attorney: Lisa G. Sams (202) 622-3840.
Reviewing attorney: George Sellinger (202) 874-1490.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: Lisa G. 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-AR32
_______________________________________________________________________




2736. INCOME TAXATION OF TRUSTS AND ESTATES

Priority:  Substantive, Nonsignificant

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                            06/00/96

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
_______________________________________________________________________




2737. FOREIGN GRANTOR TRUSTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 679

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance to taxpayers concerning 
the income tax treatment of transfers by U.S. persons to foreign trusts 
having U.S. beneficiaries. The amendments will conform to changes made 
by section 1013 of the Tax Reform Act of 1976.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-243-89.
Drafting attorney: Joseph Henderson (202) 622-3850.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.
Completed in error in the October 1995 Unified Agenda.

Agency Contact: Joseph Henderson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washignton, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AO75
_______________________________________________________________________




2738. 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                            10/00/96

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
_______________________________________________________________________




2739. 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                            12/00/96

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
_______________________________________________________________________




2740. FOREIGN INSURANCE COMPANIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 842; 26 USC 864(c)(4)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulation will prescribe rules for determining investment 
income effectively connected with the conduct of an insurance business 
in the United States by a foreign company.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-024-88.
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: Carol Dunahoo (202) 622-0726.
Completed in error in the October 1995 Unified Agenda.

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-AL82
_______________________________________________________________________




2741. 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                            01/00/97

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
_______________________________________________________________________




2742. 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                            12/00/96

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
_______________________________________________________________________




2743. 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                            12/00/96

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
_______________________________________________________________________




2744. 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 lower tier partnership meets the requirements of being in U.S. 
trade or business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

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
_______________________________________________________________________




2745. INTEGRATED FINANCIAL TRANSACTION

Priority:  Substantive, Nonsignificant

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                            12/00/96

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
_______________________________________________________________________




2746. TREATMENT OF DEFERRED PAYMENTS AND APPRECIATION ARISING OUT OF 
BUSINESS CONDUCTED WITHIN THE UNITED STATES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance on the treatment of 
certain deferred payments and property transactions in sourcing 
effectively connected income under section 864(c)(6) and (7).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-662-88.
Drafting attorney: Kristine K. Schlaman (202) 622-3840.
Reviewing attorney: Charles C. Saverude (202) 622-3800.
Treasury attorney: Unassigned.

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-AM53
_______________________________________________________________________




2747. SOURCE RULES FOR PERSONAL PROPERTY SALES

Priority:  Substantive, Nonsignificant

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                            12/00/96

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
_______________________________________________________________________




2748. DETERMINATION OF SOURCE OF LOSS RESULTING FROM SALE OF STOCK - 
SECTION 865

Priority:  Substantive, Nonsignificant

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                            12/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: INTL-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
_______________________________________________________________________




2749. 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                            12/00/96

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
_______________________________________________________________________




2750.  PROPOSED REGULATION UNDER SECTION 882 AND 884

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0882

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance relating to the 
treatment of financial instruments and loans between partners and 
partnerships for purposes of sections 882 and 884.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-054-95
Drafting attorney: Gwendolyn Stanley (202) 622-3860.
Reviewing attorney: Elizabeth Karzon (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Gwendolyn 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-AT96
_______________________________________________________________________




2751. PROPOSED REGULATIONS UNDER SECTION 1.884-3

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 884

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on the coordination of 
the branch profits with second-tier withholding tax on dividends.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-028-92.
Drafting attorney: Sharon Bomgardner (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: P. Ann Fisher (202) 622-1755.
Completed in error in the October 1995 Unified Agenda.

Agency Contact: Sharon Bomgardner, 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-AQ72
_______________________________________________________________________




2752. 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                            12/00/96

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: Patricia Brown (202) 622-1781.

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
_______________________________________________________________________




2753. 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                            12/00/96

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
_______________________________________________________________________




2754. 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                            12/00/96

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
_______________________________________________________________________




2755. 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                            12/00/96

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
_______________________________________________________________________




2756. SECTION 905(B) REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 905

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the substantiation of foreign 
tax credits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-087-90.
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Unassigned.
Completed in error in the October 1995 Unified Agenda.

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-AP36
_______________________________________________________________________




2757. 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                            12/00/96

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
_______________________________________________________________________




2758. 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                            12/00/96

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
_______________________________________________________________________




2759. OBRA 1993 SECTION 936 REG

Priority:  Substantive, Nonsignificant

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                            12/00/96

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
_______________________________________________________________________




2760. SUBPART F--USE OF DEFICITS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 952; 26 USC 954

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules for determining the extent 
to which current year deficits in unrelated income categories or prior 
year deficits may reduce the amount included in the gross income of any 
U.S. shareholder under section 951(a)(1)(A)(i) for taxable years after 
1986.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-954-86.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Unassigned.
Completed in error in the October 1995 Unified Agenda.

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-AJ71
_______________________________________________________________________




2761. 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                            12/00/96

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
_______________________________________________________________________




2762. 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                            12/00/96

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
_______________________________________________________________________




2763. 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                            12/00/96

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
_______________________________________________________________________




2764. DEEMED-PAID CREDIT UNDER SECTION 960, DETERMINED ON ACCUMULATED 
BASIS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 902(c)(7)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will modify the existing regulations to 
reflect changes in the computation of the indirect credit under the 
1986 Act. The regulations will incorporate a pooling mechanism (rather 
than year-by-year) and will also reflect the separate basket 
computations under section 904(d).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-0084-91.
Drafting attorney: Caren S. Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Carol Doran Klein (202) 622-1762.
Completed in error in the October 1995 Unified Agenda

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-AQ34
_______________________________________________________________________




2765. 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 coordination 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                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-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
_______________________________________________________________________




2766. 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

________________________________________________________________________

NPRM                            12/00/96

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: Bruce Cohen (202) 622-0871.

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
_______________________________________________________________________




2767. 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                            12/00/96

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
_______________________________________________________________________




2768. STOCK REDEMPTION INCIDENT TO DIVORCE

Priority:  Substantive, Nonsignificant

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: 202 622-4960

RIN: 1545-AT24
_______________________________________________________________________




2769. 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                            12/00/96

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
_______________________________________________________________________




2770. 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                            04/00/96

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
_______________________________________________________________________




2771. 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                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-42-86.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Elizabeth Karzon (202) 622-3860.
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-AC31
_______________________________________________________________________




2772. 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                            12/00/96

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
_______________________________________________________________________




2773. 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                            01/00/97

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: William E. Blanchard (202) 622-3920.
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
_______________________________________________________________________




2774. QEF SHAREHOLDER ELECTION

Priority:  Substantive, Nonsignificant

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                            12/00/96

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
_______________________________________________________________________




2775. GENERAL REVISION OF SECTION 1441 REGULATIONS

Priority:  Substantive, Nonsignificant

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                            12/00/96

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
_______________________________________________________________________




2776. 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                            12/00/96

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
_______________________________________________________________________




2777. 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                            12/00/96

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
_______________________________________________________________________




2778.  MEMBER STOCK TRANSACTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1502

CFR Citation:  26 CFR 1502

Legal Deadline: None

Abstract: Regulations relating to member stock transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-2-96
Drafting attorney: Roy Hirschhorn (202) 622-7770.

Agency Contact: Roy Hirschhorn, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-AU03
_______________________________________________________________________




2779. 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                            12/00/96

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
_______________________________________________________________________




2780. INCOME TAX--INCLUDIBILITY IN AN AFFILIATED GROUP OF SUBSIDIARIES 
FORMED TO COMPLY WITH FOREIGN LAWS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1504

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide rules relating to an election 
to treat a foreign subsidiary of a United States corporation as a 
domestic corporation if the subsidiary is formed in a contiguous 
country to comply with foreign law.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-338-88.
Drafting attorney: Kenneth Allison (202) 622-3860.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Joni Walser (202) 622-1781.
Completed in error in the October 1995 Unified Agenda.

Agency Contact: Kenneth 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-AC58
_______________________________________________________________________




2781. 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 20; 26 CFR 25

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: George Masnik (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
_______________________________________________________________________




2782. 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                            12/00/96

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: Unassigned.

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
_______________________________________________________________________




2783. AMEND SECTION 26.2662-1(C) OF THE TEMPORARY REGULATIONS TO 
INCREASE THE AMOUNT FOR WHICH THE EXECUTOR IS LIABLE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 2663; 26 USC 2662

CFR Citation:  26 CFR 26

Legal Deadline: None

Abstract: The regulations will provide rules with respect to liability 
for the generations-skipping transfer tax when a direct skip occurs at 
death with respect to property held in a trust arrangement. The 
regulations will also provide rules relating to the circumstances under 
which the exercise of a nongeneral power of appointment will constitute 
an addition to a grandfathered generation-skipping trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-032-90
Drafting Attorney: John Franklin (202) 622-3090.
Reviewing Attorney: George Masnik (202) 622-3090.
Treasury Attorney: Robert Weaver (202) 622-0871.

Agency Contact: John Franklin, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3090

RIN: 1545-AO89
_______________________________________________________________________




2784.  SALE OF RESIDENCE FROM QUALIFIED PERSONAL RESIDENCE TRUST

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 2702

CFR Citation:  26 CFR 25

Legal Deadline: None

Abstract: The proposed regulations provide additional rules for 
qualification as a qualified personal residence trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-4-96
Drafting attorney: Dale Carlton (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Treasury attorney: Beth Kaufman (202) 622-1766.

Agency Contact: Dale Carlton, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3090

RIN: 1545-AU12
_______________________________________________________________________




2785. 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 employers 
in applying the exception to supplemental annuity tax with respect to 
employees covered by a supplemental pension plan.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

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
_______________________________________________________________________




2786. 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                            04/00/96

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
_______________________________________________________________________




2787. DIESEL FUEL EXCISE TAX; DYE INJECTION SYSTEMS AND MARKERS

Priority:  Substantive, Nonsignificant

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                            03/14/96                    61 FR 10490
NPRM Comment Period End         06/12/96

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: John Parcell (202) 622-2578.

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
_______________________________________________________________________




2788. 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                            10/00/96

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: John Purcell (202) 622-3130.

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
_______________________________________________________________________




2789. COMMUNICATIONS TAX REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4251; 26 USC 4252; 26 USC 4253; 
26 USC 4254

CFR Citation:  26 CFR 49

Legal Deadline: None

Abstract: The regulations will provide rules with respect to the 
application of the communications excise tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/31/92                    57 FR 33918
NPRM                            10/00/96

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: PS-017-91.
Drafting attorney: Bernard Weberman (202) 622-3130.
Reviewing attorney: Edward Madden (202) 622-3130.

Agency Contact: Bernard Weberman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3163
Fax: 202 622-4537

RIN: 1545-AP67
_______________________________________________________________________




2790. 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                            04/00/96

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
_______________________________________________________________________




2791. INFORMATION REPORTING AND RECORD MAINTENANCE UNDER SECTION 6038C

Priority:  Substantive, Nonsignificant

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                            12/00/96

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: Patricia Brown (202) 622-1781.

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
_______________________________________________________________________




2792. 6046A - RETURNS AS TO INTERESTS IN FOREIGN PARTNERSHIPS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6046A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would give guidance for determining which 
United States persons who acquire, dispose of or change their interests 
in foreign partnerships must report their activities. Additionally, 
guidance would be given as to how, when and where such persons must 
report and what information they must supply.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-879-86.
Drafting attorney: Sharon Bomgardner (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Joni Walser (202) 622-1752.
Completed in error in the October 1995 Unified Agenda.

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-AK75
_______________________________________________________________________




2793. SECTION 6048 REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6048

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Revision of regulations under section 6048, return as to 
certain foreign trusts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-067-92.
Drafting attorney: Joseph S. Henderson (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.
Completed in error in the October 1995 Unified Agenda.

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: 202 622-4479

RIN: 1545-AR25
_______________________________________________________________________




2794. 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                            12/00/96

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
_______________________________________________________________________




2795.  SIMPLIFICATION OF ENTITY CLASSIFICATION 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:  26 USC 7805; 26 USC 7701

CFR Citation:  26 CFR 7701

Legal Deadline: None

Abstract: The proposed regulations will replace the existing 
regulations under section 7701 of the Internal Revenue Code for 
classifying unincorporated business entities with a simplified election 
mechanism.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-43-95
Drafting attorney: Armando Gomez (202) 622-3050.
Reviewing attorney: Dianna Miosi (202) 622-3050.

Agency Contact: Armando Gomez, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3050
Fax: 202 622-4524

RIN: 1545-AT91
_______________________________________________________________________




2796. EXTENSION OF STATUTE OF LIMITATIONS IN JOHN DOE SUMMONS DISPUTES

Priority:  Substantive, Nonsignificant

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                            12/00/96

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
_______________________________________________________________________




2797. SUSPENSION OF RUNNING OF PERIOD OF LIMITATIONS DURING PROCEEDING 
TO ENFORCE DESIGNATED SUMMONS

Priority:  Substantive, Nonsignificant

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                            12/00/96

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
_______________________________________________________________________




2798. 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                            04/00/96

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
_______________________________________________________________________




2799. AUTOMATIC EXTENSION OF TIME FOR FILING INDIVIDUAL TAX RETURNS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1.6081-4; 26 CFR 301

Legal Deadline: None

Abstract: The regulations reflect new simpler procedures for an 
individual to obtain an automatic extension of time to file an 
individual income tax return.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/96                      61 FR 338
NPRM Comment Period End         04/01/96
Final Action                    12/00/96

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
_______________________________________________________________________




2800. INTANGIBLE AMORTIZATION

Priority:  Substantive, Nonsignificant

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                            04/00/96

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
_______________________________________________________________________




2801. REISSUANCE OF QUALIFIED TENDER BONDS

Priority:  Substantive, Nonsignificant

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                            12/00/96

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Additional Information: FI-58-94.
Drafting attorney: Nancy M. 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-AT09
_______________________________________________________________________




2802. EFFECT OF THE FAMILY AND MEDICAL LEAVE ACT ON THE OPERATION OF 
CAFETERIA PLANS

Priority:  Substantive, Nonsignificant

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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/95                    60 FR 66229
NPRM Comment Period End         04/00/96

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
_______________________________________________________________________




2803. 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                            04/00/96

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
_______________________________________________________________________




2804. 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
_______________________________________________________________________




2805.  EXTENSION OF 45-DAY INTEREST-FREE PERIOD FOR REFUNDS OF 
OVERPAYMENTS OF TAX

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These proposed regulations will provide guidance under 
section 6611(e) of the Internal Revenue Code, as amended by section 
13271 of Pub. L. No. 103-66.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-77-93
Drafting attorney: Michael L. Gompertz (202) 622-4910.
Reviewing attorney: John Coulter (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-AU04
_______________________________________________________________________




2806.  MODIFICATION OF BAD DEBTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations 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

________________________________________________________________________

NPRM                            04/00/96

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 Ave. NW., Washington, DC 
20224
Phone: 202 622-3018

RIN: 1545-AU06
_______________________________________________________________________




2807.  MAGNETIC MEDIA FILING REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: This document proposes regulations relating to the filing 
requirements for information returns on magnetic media or in other 
machine - readable form under 6011(e) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-52-95
Drafting attorney: Donna Welch (202) 622-4910.

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

RIN: 1545-AU08
_______________________________________________________________________




2808.  BOND PREMIUM AMORTIZATION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The notice of proposed rulemaking updates section 171 and 
incorporates changes made by 1986 (requiring premium to be amortized on 
constant yield method) and by 1988 Act (providing premium is an offset 
to income not a deduction).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-48-95
Drafting attorney: William Cejudo (202) 622-3970.
Reviewing attorney: William E. Blanchard (202) 622-3970.

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-AU09
_______________________________________________________________________




2809.  AUTHORITY TO MODIFY OR RESCIND TAXPAYER ASSISTANCE ORDERS

Priority:  Routine and Frequent

Legal Authority:  26 USC 7811

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation provides that only the Commissioner, 
Deputy Commissioner, or Ombudsman can modify or rescind taxpayer 
assistance order issued under section 7811.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/19/96                    61 FR 17265
NPRM Comment Period End         07/18/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: GL-001-96
Drafting attorney: Robert Miller (202) 622-3640.

Agency Contact: Robert Miller, Technical Assistant, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3640

RIN: 1545-AU01
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2810. STATEMENT OF PROCEDURAL RULES--PART 601.702

Priority:  Substantive, Nonsignificant

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   12/00/96

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
_______________________________________________________________________




2811. REISSUANCE OF MORTGAGE CREDIT CERTIFICATES (CROSS-REFERENCE TO 
TEMPORARY REGULATIONS)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 25(e)(4)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation is a cross-reference to temporary regulations 
(RIN 1545-AR57) which provides guidance to issuers and holders of 
mortgage credit certificates on the reissuance of mortgage credit 
certificates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/93                    58 FR 67744
NPRM Comment Period End         02/22/94                      59 FR 807
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-47-92.
Drafting attorney: L. Michael Wachtel (202) 622-4437.

Agency Contact: L. Michael Wachtel, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4437

RIN: 1545-AR76
_______________________________________________________________________




2812. LOANS TREATED AS DISTRIBUTIONS

Priority:  Substantive, Nonsignificant

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                            12/21/95                    60 FR 66233
Final Action                    10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-106-82.
Drafting attorney: Vernon S. Carter (202) 622-6070.
Reviewing attorney: Alan Tawshunsky (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
_______________________________________________________________________




2813. 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                    04/00/96

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: Louise Epstein (202) 622-1778.

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
_______________________________________________________________________




2814. DEFINITION OF ``PRIVATE ACTIVITY BOND'', ``QUALIFIED BOND''

Priority:  Substantive, Nonsignificant

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
Hearing                         06/08/95                    59 FR 67658
Final Action                    09/00/96

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
_______________________________________________________________________




2815. 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                    12/00/96

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: Bruce Cohen (202) 622-0871.

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
_______________________________________________________________________




2816. 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                    12/00/96

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
_______________________________________________________________________




2817. LIKE-KIND EXCHANGES INVOLVING TAX-EXEMPT USE PROPERTY: LEASE TERM

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0168

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance on the length of a 
lease term for purposes of the tax-exempt use property rules and on the 
effect of certain like kind exchanges involving tax-exempt use property 
on depreciation deductions.

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

Additional Information: IA-18-95
Drafting attorney: John M. Aramburu (202) 622-4960.
Reviewing attorney: William A. Jackson (202) 622-4960.
Treasury attorney: Seth Green (202) 622-0865.

Agency Contact: John M. Aramburu, Attorney--Adviser (Tax), Department 
of the Treasury, Internal Revenue Service, 1111 Consititution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4960

RIN: 1545-AT33
_______________________________________________________________________




2818. SELF-EMPLOYMENT TAX TREATMENT OF MEMBERS OF CERTAIN LIMITED 
LIABILITY COMPANIES

Priority:  Substantive, Nonsignificant

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                    12/00/96

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
_______________________________________________________________________




2819. 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
Fax: 202 622-6316

RIN: 1545-AS95
_______________________________________________________________________




2820. 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
Hearing                         11/21/89                    54 FR 39548
Final Action                    04/00/96

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
_______________________________________________________________________




2821. 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, concerning the treatment of certain partnership 
transactions involving the stock of a corporate 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                    09/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-91-90.
Drafting attorney: Keith E. Stanley (202) 622-7530.
Reviewing attorney: Vicki Hyche (202) 622-7530.

Agency Contact: Keith E. Stanley, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-7530

RIN: 1545-AP52
_______________________________________________________________________




2822. 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
_______________________________________________________________________




2823. AMENDMENT OF SECTION 1.338-5T REGULATIONS

Priority:  Substantive, Nonsignificant

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                    12/00/96

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
_______________________________________________________________________




2824. SECTION 351E: DIVERSIFICATION

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; 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
Final Action                    04/00/96

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
_______________________________________________________________________




2825. 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                    12/00/96

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
_______________________________________________________________________




2826. TRANSFERS OF STOCK OR SECURITIES BY U.S. PERSONS TO FOREIGN 
CORPORATIONS

Priority:  Substantive, Nonsignificant

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                    12/00/96

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
_______________________________________________________________________




2827. CERTAIN OUTBOUND TRANSFERS OF DOMESTIC STOCK OR SECURITIES 
(CORPORATE INVERSIONS)

Priority:  Substantive, Nonsignificant

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                            12/26/95                    60 FR 66771
Hearing                         04/11/96                    60 FR 66771
Final Action                    12/00/96

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
_______________________________________________________________________




2828. INCOME TAX--PART 1--STOCK TRANSFER RULES

Priority:  Substantive, Nonsignificant

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
Hearing                         11/22/91                    56 FR 41992
Final Action                    12/00/96

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
_______________________________________________________________________




2829. CERTAIN CORPORATE DISTRIBUTIONS TO FOREIGN CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 367(e)

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                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-704-87.
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 Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AL35
_______________________________________________________________________




2830. INCOME TAX--DEDUCTION FOR CERTAIN FOREIGN DEFERRED COMPENSATION 
PLANS

Priority:  Substantive, Nonsignificant

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
Final Action                    06/00/96

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
_______________________________________________________________________




2831. 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                            12/22/95                    60 FR 66532
NPRM Comment Period End         03/21/96
Final Action                    12/00/96

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
_______________________________________________________________________




2832. 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                    03/00/97

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: Mary E. Oppenheimer (202) 622-6010.
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
_______________________________________________________________________




2833. VALUATION OF PLAN DISTRIBUTION

Priority:  Substantive, Nonsignificant

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
Hearing                         07/25/95                    60 FR 17286
Final Action                    06/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-12-95
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Mary E. Oppenheimer (202) 622-6010.
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
_______________________________________________________________________




2834. 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                    12/00/96

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
_______________________________________________________________________




2835. 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                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-42-94
Drafting attorney: Robert Williams (202) 622-4425.
Reviewing attorney: Michael Novey (202) 622-3900.
Treasury attorney: Clarissa Potter (202) 622-0999.

Agency Contact: Robert Williams, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-4425

RIN: 1545-AS85
_______________________________________________________________________




2836. 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                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-070-90.
Drafting attorney: Elissa Shendalman (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Patricia Brown (202) 622-1781.

Agency Contact: Elissa Shendalman, 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
_______________________________________________________________________




2837. 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
Final Action                    06/00/96

Small Entities Affected: None

Government Levels Affected: None

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

Agency Contact: Steven R. Schneider, 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-AQ64
_______________________________________________________________________




2838. PARTNERSHIP DISTRIBUTIONS OF MARKETABLE SECURITIES

Priority:  Substantive, Nonsignificant

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                            01/02/96                       61 FR 28
NPRM Comment Period End         03/13/96
Public Hearing                  04/03/96                       61 FR 28
Final Action                    10/00/96

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
_______________________________________________________________________




2839. 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                    12/00/96

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
_______________________________________________________________________




2840. 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                    12/00/96

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
_______________________________________________________________________




2841.  SOURCE OF INCOME FROM SALES OF NATURAL RESOURCES PRODUCED 
IN ONE JURISDICTION AND SOLD IN ANOTHER JURISDICTION

Priority:  Substantive, Nonsignificant

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                            12/11/95                    60 FR 63478
Hearing                         04/10/96                    60 FR 63478
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-003-95
Drafting attorney: Anne Shelburne (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: David Sutherland (202) 622-1754.

Agency Contact: Anne Shelburne, 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-AT92
_______________________________________________________________________




2842. 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                    12/00/96

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
_______________________________________________________________________




2843. 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
Hearing                         02/09/89                    53 FR 49895
Final Action                    12/00/96

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
_______________________________________________________________________




2844. COMPUTATION OF INTEREST EXPENSE DEDUCTION

Priority:  Substantive, Nonsignificant

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                    12/00/96

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
_______________________________________________________________________




2845. 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                    12/00/96

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
_______________________________________________________________________




2846. 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
Final Action                    12/00/96

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
_______________________________________________________________________




2847. 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                    12/00/96

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
_______________________________________________________________________




2848. 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                    12/00/96

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
_______________________________________________________________________




2849. DEEMED PAID CREDIT UNDER SECTION 902 DETERMINED ON ACCUMULATED 
BASIS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 902(c)(7)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will modify the existing regulations to 
reflect changes in the computation of the indirect credit under the 
1986 Act. The regulations will incorporate a pooling mechanism (rather 
than year-by-year) and will also reflect the separate basket 
computations under section 904(d).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/06/95                     60 FR 2049
NPRM Comment Period End         04/10/95
Final Action                    12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-933-86.
Drafting attorney: Caren S. Shein (202) 622-3850.
Reviewing attorney: Barbara 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 Ave. NW., 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AL98
_______________________________________________________________________




2850. 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                    12/00/96

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
_______________________________________________________________________




2851. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF 
REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE

Priority:  Substantive, Nonsignificant

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                    12/00/96

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
_______________________________________________________________________




2852. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED, 
DEDUCTION, AND OTHER SPECIAL RULES FOR FSC

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 925(b)(1); 26 USC 925(b)(2); 26 
USC 927(d)(2)(B); 26 USC 927(e)(1) to 927(e)(2)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal would provide rules for application of the FSC 
transfer pricing rules, distributions, dividends received, deductions 
and other special FSC provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/03/87                     52 FR 6467
NPRM Comment Period End         05/02/87
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-153-86.
Drafting attorney: Richard L. Chewning (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Unassigned.
Completed in error in the October 1995 Unified Agenda.

Agency Contact: Richard L. Chewning, 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-AI16
_______________________________________________________________________




2853. 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                    12/00/96

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
_______________________________________________________________________




2854. SECTION 936 REGULATIONS

Priority:  Substantive, Nonsignificant

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                    12/00/96

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
_______________________________________________________________________




2855. 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                    12/00/96

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
_______________________________________________________________________




2856. 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                    12/00/96

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
_______________________________________________________________________




2857. AMENDMENT TO SUBPART F DEFINITIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 954

CFR Citation:  26 CFR 1.954-2(b); 26 CFR 1.954-2(g); 26 CFR 1.954-2(h)

Legal Deadline: None

Abstract: These proposed regulations contain provisions governing the 
definitions of foreign base company income and foreign personal holding 
company income of a CFC. The regulations are necessary because of 
changes to the prior law by the Tax Reform Act of 1986, the Technical 
and Miscellaneous Revenue Act of 1988, and the Revenue Reconciliation 
Act of 1989.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/07/95                    60 FR 46548
Hearing                         01/04/96                    60 FR 46548
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: INTL-75-92.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (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-AR31
_______________________________________________________________________




2858. 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                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-087-89.
Drafting attorney: M. Grace Freeman (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
_______________________________________________________________________




2859. 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                    12/00/96

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
_______________________________________________________________________




2860. 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                    12/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: INTL-045-92.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
Treasury attorney: Bruce Cohen (202) 622-0871.

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
_______________________________________________________________________




2861. 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                    12/00/96

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
_______________________________________________________________________




2862. MARK-TO-MARKET METHOD OF ACCOUNTING UNDER SECTION 988

Priority:  Substantive, Nonsignificant

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                    12/00/96

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
_______________________________________________________________________




2863. INCOME TAX--TAX REFORM ACT OF 1984 RELATING TO INTEREST CHARGE 
DISCS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 995

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The Regulations will provide guidance relating to the 
Interest Charge imposed on DISC shareholders for taxable years ending 
after 1984. The regulations will explain how the Deemed Distribution is 
computed and how the Interest Charge is computed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/02/87                     52 FR 3256
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-043-86.
Drafting attorney: David Bergkuist (202) 622-3860.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: Unassigned.
Completed in error in the October 1995 Unified Agenda.

Agency Contact: David 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-AG71
_______________________________________________________________________




2864. MODIFICATIONS OF DEBT INSTRUMENTS

Priority:  Substantive, Nonsignificant

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                    04/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-31-92.
Drafting attorney: Tom Kelly (202) 622-3940.
Reviewing attorney: Bill Coppersmith (202) 622-3930.

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
_______________________________________________________________________




2865. 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                    12/00/96

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: Patricia A. 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-AP71
_______________________________________________________________________




2866. INCOME TAX--GAIN FROM DISPOSITION OF INTEREST IN OIL, GAS, 
GEOTHERMAL, OR OTHER MINERAL PROPERTIES BY S CORPORATIONS AND THEIR 
SHAREHOLDERS

Priority:  Substantive, Nonsignificant

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                            12/21/95                    60 FR 66238
Final Action                    04/00/96

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: Seth Green (202) 622-0865.

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
_______________________________________________________________________




2867. CONTINGENT AND VARIABLE DEBT INSTRUMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1275(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will address the proper accrual of original 
issue discount on debt instruments that provide for contingent or 
variable payments. This regulation will clarify existing uncertainties 
under the present law.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/16/94                    59 FR 64884
NPRM Comment Period End         03/16/95
Hearing                         03/16/95                    60 FR 64884
Final Action                    04/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-059-91.
Drafting attorney: William E. Blanchard (202) 622-3950.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: William E. Blanchard, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3950

RIN: 1545-AQ86
_______________________________________________________________________




2868. DEBT INSTRUMENTS WITH ORIGINAL ISSUE DISCOUNT: ANTI-ABUSE RULE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1275(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides an anti-abuse rule relating to the 
tax treatment of debt instruments with original issue discount.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/02/94                     59 FR 4878
NPRM Comment Period End         04/04/94
Final Action                    04/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-5-94
Drafting attorney: William E. Blanchard (202) 622-3950.
Treasury attorney: David Weisbach (202) 622-1129.

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

RIN: 1545-AS35
_______________________________________________________________________




2869. TREATMENT OF SHAREHOLDERS OF PASSIVE FOREIGN INVESTMENT COMPANIES

Priority:  Substantive, Nonsignificant

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
Final Action                    12/00/96

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
_______________________________________________________________________




2870. PASSIVE FOREIGN INVESTMENT COMPANIES

Priority:  Substantive, Nonsignificant

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                    12/00/96

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
_______________________________________________________________________




2871. PASSIVE FOREIGN INVESTMENT COMPANIES--SPECIAL RULES FOR FOREIGN 
BANKS AND SECURITIES DEALERS

Priority:  Substantive, Nonsignificant

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                    12/00/96

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
_______________________________________________________________________




2872. INCOME TAX--DEFINITIONS AND SPECIAL RULES PERTAINING TO S 
CORPORATIONS

Priority:  Substantive, Nonsignificant

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
Final Action                    06/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-268-82.
Drafting attorney: Laura Howell (202) 622-3060.
Reviewing attorney: H. Grace Kim (202) 622-3060.
Treasury attorney: John Rooney (202) 622-1335.

Agency Contact: Laura Howell, 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
_______________________________________________________________________




2873. 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            12/00/96

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
_______________________________________________________________________




2874. CONSOLIDATED ALTERNATIVE MINIMUM TAX

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1502; 26 USC 53; 26 USC 55; 26 USC 56; 26 USC 
57; 26 USC 58; 26 USC 59; 26 USC 59A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide corporate taxpayers joining in 
the filing of a consolidated federal income tax return with guidance 
necessary to calculate their alternative minimum tax liability.

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

Additional Information: IA-057-89.
Drafting attorney: Martin Scully (202) 622-4960.
Reviewing attorney: Stephen Toomey (202) 622-4960.

Agency Contact: Martin Scully, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-4960

RIN: 1545-AN73
_______________________________________________________________________




2875. MEMBER STOCK TRANSACTIONS

Priority:  Substantive, Nonsignificant

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
Hearing                         11/16/95                    60 FR 36755
Final Action                    04/00/96

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
_______________________________________________________________________




2876. 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
_______________________________________________________________________




2877. TREATMENT OF CERTAIN DEFERRED COMPENSATION AND SALARY REDUCTION 
ARRANGEMENTS

Priority:  Substantive, Nonsignificant

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                            01/25/96                     61 FR 2194
Final Action                    04/00/96

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
_______________________________________________________________________




2878.  FUTA TAXATION OF AMOUNTS UNDER EMPLOYEE BENEFIT PLANS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 3306(r)(2)

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: Guidance of FUTA tax of nonqualified deferred compensation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/96                     61 FR 2214
NPRM Comment Period End         04/24/96
Final Action                    10/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-55-95
Drafting attorney: David Pardys (202) 622-6040.
Reviewing attorney: Alan Tawshunsky (202) 622-6000.

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-AT99
_______________________________________________________________________




2879. ELECTRONIC FILING OF FORM W-4

Priority:  Substantive, Nonsignificant

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
Final Action                    09/00/96

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: EE-45-93
Drafting attorney: Karin Loverud (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.

Agency Contact: Karin Loverud, Tax Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-AR67
_______________________________________________________________________




2880. INFORMATION REPORTING AND BACKUP WITHHOLDING

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 31; 26 CFR 35a

Legal Deadline: None

Abstract: This regulation relates to the requirement that certain 
payments must be reported to the Internal Revenue Service and that in 
certain instances 31 percent of a reportable payment must be deducted 
and withheld under section 3406 of the Internal Revenue Code. However, 
where a foreign person is an exempt recipient or has submitted a Form 
W-8, 1001 or 4224, no reporting or backup withholding generally is 
required.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/29/88                    53 FR 05991
Hearing                         06/15/89                    54 FR 11236
Partial Withdrawal              12/21/95                    60 FR 66227
Final Action                    12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-052-86.
Drafting attorney: Teresa B. Hughes (202) 622-3880.
Reviewing attorney: Philip Garlett (202) 622-3880.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Teresa B. Hughes, 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-AL99
_______________________________________________________________________




2881. 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
Hearing                         04/29/91                    56 FR 11979
Final Action                    04/00/96

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
_______________________________________________________________________




2882. DIESEL FUEL EXCISE TAX

Priority:  Substantive, Nonsignificant

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
Final Action                    05/00/96

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: John Purcell (202) 622-2578.

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
_______________________________________________________________________




2883. TAX ON PETROLEUM

Priority:  Substantive, Nonsignificant

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                    06/00/96

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: John Purcell (202) 622-2578.

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
_______________________________________________________________________




2884.  REQUIREMENTS FOR TAX EXEMPT LABOR ORGANIZATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 501(c)(5)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance to clarify the scope of the 
exemption from income tax provided in section 501(c)(5) of the Internal 
Revenue Code for labor, agricultural and horticultural organizations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/95                    60 FR 66228
NPRM Comment Period End         03/20/96
Final Action                    06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-53-95
Drafting attorney: Robin Ehrenberg (202) 622-6080.
Reviewing attorney: Elizabeth Purcell (202) 622-6010.

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-AT95
_______________________________________________________________________




2885.  REPORTING ON NONPAYROLL WITHHELD TAX LIABILITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6011

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: Regulations that relate to reporting on nonpayroll withheld 
tax liabilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/16/95                    60 FR 53561
NPRM Comment Period End         12/15/95
Final Action                    04/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: IA-30-95
Drafting attorney: Vincent Surabian (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.
Treasury attorney: Chris Rizek (202) 622-1338.

Agency Contact: Vincent Surabian, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AT86
_______________________________________________________________________




2886. 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                    12/00/96

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
_______________________________________________________________________




2887. VOICE SIGNATURES

Priority:  Substantive, Nonsignificant

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                    08/00/96

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
_______________________________________________________________________




2888. 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                            12/15/95                    60 FR 64402
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: DL-40-95
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
_______________________________________________________________________




2889. AMENDMENT TO SECTION 6109 REGULATIONS

Priority:  Substantive, Nonsignificant

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                    12/00/96

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
_______________________________________________________________________




2890. 6114 REPORTING REQUIREMENTS WAIVED

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6114

CFR Citation:  26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: The regulation will provide that reporting under section 6114 
is required in situations where the residency of an individual is 
determined under a treaty and apart from the Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/27/92                    57 FR 15272
NPRM Comment Period End         06/26/92
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: INTL-121-90.
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 has been split with INTL-40-94.

Agency Contact: David A. Juster, 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-AP35
_______________________________________________________________________




2891. 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
Final Action                    10/00/96

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
_______________________________________________________________________




2892. 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                            10/30/95                    60 FR 55228
Final Action                    10/00/96

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
_______________________________________________________________________




2893. FEDERAL TAX DEPOSITS BY ELECTRONIC FUNDS TRANSFER

Priority:  Substantive, Nonsignificant

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                    12/00/96

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: John Parcell (202) 622-2578.

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
_______________________________________________________________________




2894. DEPOSITS OF EXCISE TAX

Priority:  Substantive, Nonsignificant

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
NPRM Comment Period End         11/27/95
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
_______________________________________________________________________




2895. UPDATE OF LIST OF LEGAL HOLIDAYS FOR PURPOSES OF TIME FOR 
PERFORMANCE OF ACTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These regulations will update existing regulations section 
301.7503-1 by deleting the list of legal holidays.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/95                    60 FR 49356
NPRM Comment Period End         12/26/95
Final Action                    09/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-36-91
Drafting attorney: Judith Lintz (202) 622-4940.
Reviewing attorney: Peter Frederick (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
_______________________________________________________________________




2896. ENVIRONMENTAL SETTLEMENT FUNDS--CLASSIFICATION 7701

Priority:  Substantive, Nonsignificant

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.
Treasury attorney: John Rooney (202) 622-1335.

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
_______________________________________________________________________




2897. 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
Final Action                    12/00/96

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
_______________________________________________________________________




2898. 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                    10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-62-93
Drafting attorney: George Bradley (202) 622-4920.
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: 202 622-4920

RIN: 1545-AS14
_______________________________________________________________________




2899. 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                    09/00/96

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

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
_______________________________________________________________________




2900. 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
Final Action                    04/00/96

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
_______________________________________________________________________




2901. CLUB DUES UNDER SECTION 274

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposes amendments to existing regulations to eliminate 
deductions for club membership fees.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/16/94                    59 FR 64909
Final Action                    10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-17-94
Drafting Attorney: John Sapienza (202) 622-4920.
Reviewing Attorney: Robert Berkowsky (202) 622-4920.

Agency Contact: John Sapienza, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-4920

RIN: 1545-AS74
_______________________________________________________________________




2902. 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
Hearing                         08/08/95                    60 FR 17731
Final Action                    12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-33-94.
Drafting attorney: Jeffrey Maddrey (202) 622-3940.
Reviewing attorney: William E. Blanchard (202) 622-3950.

Agency Contact: Jeff Maddrey, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3940

RIN: 1545-AS76
_______________________________________________________________________




2903. REISSUANCE OF QUALIFIED TENDER BONDS

Priority:  Substantive, Nonsignificant

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            12/00/96

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Additional Information: FI-58-94.
Drafting attorney: Nancy M. 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
_______________________________________________________________________




2904. MODIFICATIONS OF BAD DEBTS

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            06/00/96

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
_______________________________________________________________________




2905. METHODS OF SIGNING

Priority:  Substantive, Nonsignificant

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                    06/00/96

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
_______________________________________________________________________




2906. 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                    12/00/96

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
_______________________________________________________________________




2907. TREATMENT OF UNDERWRITERS IN SECTION 351 AND SECTION 721

Priority:  Substantive, Nonsignificant

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
Hearing                         01/17/96                    60 FR 40792
Final Action                    04/00/96

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
_______________________________________________________________________




2908. 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                            12/15/95                    60 FR 64401
Final Action                    10/00/96

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) 622-6000.

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
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2909. DISABLED ACCESS CREDIT

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Mark Pitzer
Phone: 202 622-3040
Fax: 202 622-4524

RIN: 1545-AT72
_______________________________________________________________________




2910. SECTION 79, TABLE I, UPDATE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Betty Clary
Phone: 202 622-6070

RIN: 1545-AN54
_______________________________________________________________________




2911. EXCLUSION FROM INCOME OF CERTAIN COST-SHARING PAYMENTS UNDER 
GOVERNMENT PROGRAMS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: A. Michael Santoro
Phone: 202 622-4743

RIN: 1545-AT73
_______________________________________________________________________




2912. SECTION 338(H)(10) AND INSURANCE COMPANIES

Priority:  Substantive, Nonsignificant

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
_______________________________________________________________________




2913. 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
_______________________________________________________________________




2914. GUIDANCE ON SECTION 468

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary A. Berman
Phone: 202 622-4743

RIN: 1545-AT59
_______________________________________________________________________




2915. 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
_______________________________________________________________________




2916. 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
_______________________________________________________________________




2917. ESTATE TAX--ANNUITY EXCLUSION REPEAL

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 20; 26 CFR 25

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William L. Blodgett
Phone: 202 622-3090

RIN: 1545-AP60
_______________________________________________________________________




2918. REFORMATION OF CHARITABLE TRANSFERS-DEFINITION OF GUARANTEED 
ANNUITY AND LEAD UNITRUST INTEREST

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 20

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Esther Woodworth
Phone: 202 622-3090
Fax: 202 622-4524

RIN: 1545-AT65
_______________________________________________________________________




2919. 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
Hearing                         06/18/86


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Alfred Kelley
Phone: 202 622-4631

RIN: 1545-AE62
_______________________________________________________________________




2920. RAILROAD UNEMPLOYMENT REPAYMENT TAX

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/13/93                    58 FR 28374
NPRM Comment Period End         07/12/93


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jean Casey
Phone: 202 622-6040

RIN: 1545-AN40
_______________________________________________________________________




2921.  DEFINITION OF REASONABLE BASIS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6662

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Definition of reasonable basis for purposes of the accuracy - 
related penalty under section 6662.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-42-95
Drafting attorney: Rochelle Hodes (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.

Agency Contact: Rochelle Hodes, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AT88
_______________________________________________________________________




2922. INTERIM FISHING VESSEL CAPITAL CONSTRUCTION FUND PROCEDURES

Priority:  Substantive, Nonsignificant

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
_______________________________________________________________________




2923. TECHNICAL CORRECTIONS FOR CHAPTER 14

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 25

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Dale Carlton
Phone: 202 622-3090

RIN: 1545-AR49
_______________________________________________________________________




2924. GUIDANCE FOR AIR CARGO CARRIERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 49

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Patrick S. Kirwan
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AT30
_______________________________________________________________________




2925. CERTAIN FRINGE BENEFITS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: State, Local, Tribal, Federal

Agency Contact: Janine Cook
Phone: 202 622-6040
Fax: 202 622-4631

RIN: 1545-AT45
_______________________________________________________________________




2926. PROPERTY DISTRIBUTED IN KIND AND TREATMENT OF MULTIPLE TRUSTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Laura Howell
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AT68
_______________________________________________________________________




2927. AMORTIZATION-GOODWILL INTANGIBLES 197

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/15/94                    59 FR 11957


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John Huffman
Phone: 202 622-3110

RIN: 1545-AT70
_______________________________________________________________________




2928. TO ADD PROVISIONS RELATING TO START-UP EXPENDITURES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: David Selig
Phone: 202 622-3040
Fax: 202 622-4524

RIN: 1545-AT71
_______________________________________________________________________




2929. EFFECTIVE DATE OF TEMPORARY BACKUP WITHHOLDING REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31; 26 CFR 35a

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/95                    60 FR 66243
NPRM Comment Period End         03/20/96


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Renay France
Phone: 202 622-4910

RIN: 1545-AT77
_______________________________________________________________________




2930.  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 section 411(a) and 417.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM Comment Period End         09/22/95                    60 FR 49236


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-24-93
Drafting attorney: Marjorie Hoffman (202) 622-6030.
Reviewing attorney: Alan Tawshunsky (202) 622-6000.

Agency Contact: Marjorie Hoffman, Department of the Treasury, Internal 
Revenue Service, 1111 Constituition Ave. NW., Washington, DC 20224
Phone: 202 622-6030

RIN: 1545-AU05
_______________________________________________________________________




2931.  SALE OF SEIZED PROPERTY

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: This regulation contains proposed amendments relating to the 
sale of seized properly under section 6445 of the Internal Revenue 
Code. The Tax Reform Act of 1986 amended section 6335(e) relating to 
the manner and conditions of sale, to authorize the secretary to 
determine whether it would be in the best interest of the United States 
to buy seized properly at the minimum price set by the secretary. The 
proposed regulations reflect this change.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-007-96
Drafting attorney: Kevin B. Connelly (202) 622-3660.
Reviewing attorney: Robert A. Miller (202) 622-3660.

Agency Contact: Kevin B. Connelly, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington DC 20224
Phone: 202 622-3640

RIN: 1545-AU13
_______________________________________________________________________




2932. REGULATIONS ON INCOME TAX UNDER THE TAX REFORM ACT OF 1984, 
RELATING TO BELOW-MARKET LOANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/20/85                    50 FR 33553
NPRM Comment Period End         10/20/85
Hearing                         01/09/86                    50 FR 46460


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David B. Silber
Phone: 202 622-3930

RIN: 1545-AH72
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2933. GRANTOR TRUST REPORTING REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 25; 26 CFR 301; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8633            12/21/95                    60 FR 66085

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Steven Schneider
Phone: 202 622-3060
Fax: 202 622-4513

RIN: 1545-AS37
_______________________________________________________________________




2934. TEN PERCENT ADDITIONAL TAX ON EARLY DISTRIBUTION FROM QUALIFIED 
PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/09/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Rebecca Wilson
Phone: 202 622-6040

RIN: 1545-AN16
_______________________________________________________________________




2935. MILLION-DOLLAR CAP ON DEDUCTION FOR EXECUTIVE COMPENSATION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8650            12/20/95                    60 FR 65534

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Misner
Phone: 202 622-6060

RIN: 1545-AS23
_______________________________________________________________________




2936. SUBSTANTIATION OF CONTRIBUTIONS MADE BY PAYROLL DEDUCTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8623            10/12/95                    60 FR 53126
Final Action Effective          01/01/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jefferson K. Fox
Phone: 202 622-4930
Fax: 202 622-6316

RIN: 1545-AS27
_______________________________________________________________________




2937. RECEIPT THRESHOLD FOR TRAVELING EXPENSES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      12/21/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: G. Channing Horton
Phone: 202 622-4940

RIN: 1545-AT84
_______________________________________________________________________




2938. TREATMENT OF PREMIUMS ON STOCK CALLABLE AT THE OPTION OF THE 
ISSUER

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1.305-5(b)(1); 26 CFR 1.305-5(b)(2)

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8643            12/21/95                    60 FR 66134

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kirsten L. Simpson
Phone: 202 622-7790

RIN: 1545-AQ42
_______________________________________________________________________




2939. YOC HEATING

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 8626            10/27/95                    60 FR 54942
Final Action Effective          10/27/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Steven Flanagan
Phone: 202 622-7790

RIN: 1545-AT15
_______________________________________________________________________




2940. INCOME TAX--TRIANGULAR REORGANIZATIONS, BASIS AND OTHER 
CONSEQUENCES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8648            12/21/95                    60 FR 66077

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Curt Cutting
Phone: 202 622-7550

RIN: 1545-AB21
_______________________________________________________________________




2941. CERTAIN OUTBOUND TRANSFERS; DOMESTIC STOCK OR SECURITIES 
(CORPORATE INVERSIONS)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8638            12/26/95                    60 FR 66739

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Philip Tretiak
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AT44
_______________________________________________________________________




2942. TWENTY PERCENT WITHHOLDING ON ELIGIBLE ROLLOVER DISTRIBUTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8619            09/22/95                    60 FR 49199
Final Action Effective          10/19/95

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: State, Local, Federal

Agency Contact: Marjorie Hoffman
Phone: 202 622-6030

RIN: 1545-AR01
_______________________________________________________________________




2943. ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND EMPLOYEE 
CONTRIBUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      03/04/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Janet Laufer
Phone: 202 622-6060
Fax: 202 622-4617

RIN: 1545-AT83
_______________________________________________________________________




2944.  CURRENT LIABILITY FOR MORTALITY TABLES FOR THE DISABLED

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0412(l)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations will provide mortality tables to be 
used in determining current liability under section 412(l) for 
individuals who are entitled to benefits under the plan on account of 
disability. The temporary regulations will also provide guidance 
regarding the use of these mortality tables.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/04/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-45-95
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Alan Tawshunsky (202) 622-6000.
Treasury attorney: Harlan Weller (202) 622-1001.

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

RIN: 1545-AT90
_______________________________________________________________________




2945. DISCLOSURE GUIDELINES FOR QJSA WAIVER

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/13/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Terri Harris
Phone: 202 622-6070

RIN: 1545-AQ36
_______________________________________________________________________




2946. RULES FOR CERTAIN RENTAL REAL ESTATE ACTIVITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 469

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8645            12/22/95                    60 FR 66496

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William M. Kostak
Phone: 202 622-3080

RIN: 1545-AS38
_______________________________________________________________________




2947. SECTION 482, COST SHARING REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8632            12/20/95                    60 FR 65553

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lisa L. Sams
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AM00
_______________________________________________________________________




2948. TAX CONSEQUENCES OF FEDERAL FINANCIAL ASSISTANCE PROVIDED IN 
CONNECTION WITH TAXABLE ASSET ACQUISITIONS OF TROUBLED FINANCIAL 
INSTITUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/21/95                    60 FR 66091
Final Action Effective          12/21/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bernita Thigpen
Phone: 202 622-3920

RIN: 1545-AN71
_______________________________________________________________________




2949. RECOGNITION OF PRE-CONTRIBUTION GAIN OR LOSS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8642            12/26/95                    60 FR 66727

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen Coleman
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AR93
_______________________________________________________________________




2950. SECTION 737 DISTRIBUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8642            12/26/95                    60 FR 66727

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen Coleman
Phone: 202 622-3060
Fax: 202 622-4524

RIN: 1545-AR48
_______________________________________________________________________




2951. RECOMPUTATION OF ALLOCATION AND APPORTIONMENT OF DEDUCTION FOR 
STATE INCOME TAXES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1.861-8

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      09/25/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David F. Chan
Phone: 202 622-3820
Fax: 202 622-4476

RIN: 1545-AP86
_______________________________________________________________________




2952. ALLOCATION AND APPORTIONMENT OF RESEARCH AND EXPERIMENTAL 
EXPENDITURES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8646            12/22/95                    60 FR 66502

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Carl Cooper
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AT49
_______________________________________________________________________




2953. SECTION 863 REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/06/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Anne Shelburne
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AT40
_______________________________________________________________________




2954.  SOURCE OF INCOME FROM SALES OF INVENTORY IN NATURAL 
RESOURCES PRODUCED IN ONE JURISDICTION AND SOLD IN ANOTHER JURISDICTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0863

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations provides rules for determining the 
source of a taxpayer's income from sales of inventory produced in one 
jurisdiction and sold in another.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/06/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: IL-003-95
Drafting attorney: Anne Shelburne (202) 622-3880.

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

RIN: 1545-AT93
_______________________________________________________________________




2955. BANK EXCLUSION FROM PORTFOLIO INTEREST

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/31/96

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-AQ39
_______________________________________________________________________




2956. CLARIFICATION OF SECTION 883(C) PUBLICLY TRADED EXCEPTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      10/20/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Patricia A. Bray
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AR77
_______________________________________________________________________




2957. RESOURCING INCOME TO PREVENT AVOIDANCE OF FOREIGN TAX CREDIT 
LIMITATION RULES RELATING TO FOREIGN LOSSES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8627            11/07/95                    60 FR 56117

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kenneth D. Allison
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AN87
_______________________________________________________________________




2958. CONVERSION TRANSACTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8649            12/21/95                    60 FR 66083

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Alan B. Munro
Phone: 202 622-3950

RIN: 1545-AS87
_______________________________________________________________________




2959. WITHHOLDING ON ITEMS OF INCOME COVERED BY AN INCOME TAX CONVENTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      09/14/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lilo A. Hester
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AH86
_______________________________________________________________________




2960. WITHHOLDING OF TAX ON NONRESIDENT ALIENS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      09/25/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Carol P. Tello
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AN75
_______________________________________________________________________




2961. SECTION 1445 REGULATION REVISIONS DUE TO 1993 TAX ACT

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8647            12/21/95                    60 FR 66076

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gwendolyn Stanley
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AS51
_______________________________________________________________________




2962. HEDGING TRANSACTIONS BY MEMBERS OF CONSOLIDATED GROUPS

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 8653            01/08/96                      61 FR 517

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jo Lynn Ricks
Phone: 202 622-3920

RIN: 1545-AS75
_______________________________________________________________________




2963. ESTATE TAX--GENERATION SKIPPING TRANSFER TAX

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 26; 26 CFR 26a

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8644            12/27/95                    60 FR 66898

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James F. Hogan
Phone: 202 622-3090

RIN: 1545-AJ11
_______________________________________________________________________




2964. ESTATE TAX--GENERATION-SKIPPING TRANSFER TAX

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 26

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8644            12/27/95                    60 FR 66898

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James F. Hogan
Phone: 202 622-3090

RIN: 1545-AL75
_______________________________________________________________________




2965. WITHHOLDING ON DISTRIBUTIONS OF INDIAN GAMING PROFITS TO TRIBAL 
MEMBERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8634            12/19/95                    60 FR 65237

Small Entities Affected: None

Government Levels Affected: Tribal

Agency Contact: Rebecca Wilson
Phone: 202 622-6040

RIN: 1545-AT11
_______________________________________________________________________




2966. EXPORTS OF OZONE-DEPLETING CHEMICALS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 52

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8622            10/11/95                    60 FR 52848

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ruth Hoffman
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AQ23
_______________________________________________________________________




2967. EXCISE TAX ON SELF-DEALING BY PRIVATE FOUNDATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 53

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8639            12/20/95                    60 FR 65566
Final Action Effective          12/20/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Terri Harris
Phone: 202 622-6070

RIN: 1545-AT03
_______________________________________________________________________




2968.  REPORTING OF NONPAYROLL WITHHELD TAX LIABILITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6011

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: Regulations relating to reporting of nonpayroll withheld tax 
liabilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8624            10/16/95                    60 FR 53509

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: IA-30-95
Drafting attorney: Vincent Surabian (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.
Treasury attorney: Chris Rizek (202) 622-1338.

Agency Contact: Vincent Surabian, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AT87
_______________________________________________________________________




2969. AMENDMENT OF SECTION 1.6033-2(G)(5) RELATING TO RETURNS BY AN 
INTEGRATED AUXILIARY OF A CHURCH

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8640            12/20/95                    60 FR 65550

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Terri Harris
Phone: 202 622-6070

RIN: 1545-AI52
_______________________________________________________________________




2970. CASH REPORTING BY COURT CLERKS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8652            01/02/96                        61 FR 6

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local, Federal

Agency Contact: Susie K. Bird
Phone: 202 622-4960

RIN: 1545-AT06
_______________________________________________________________________




2971. IRC SECTION 6051

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8636            12/21/95                    60 FR 66139

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jean Casey
Phone: 202 622-6040

RIN: 1545-AN57
_______________________________________________________________________




2972. AUTHORITY OF THE FCIC TO REQUIRE EMPLOYER IDENTIFICATION NUMBERS 
FOR CERTAIN TAXPAYERS

Priority:  Substantive, Nonsignificant

CFR Citation:  25 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/30/95                    60 FR 55228

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Beverly Baughman
Phone: 202 622-4940

RIN: 1545-AQ49
_______________________________________________________________________




2973. AUTHORITY OF THE SECRETARY OF AGRICULTURE TO SHARE EMPLOYER 
IDENTIFICATION NUMBERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8621            10/03/95                    60 FR 51724
Final Action Effective          10/03/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Basso
Phone: 202 622-4940

RIN: 1545-AT21
_______________________________________________________________________




2974. SELECTION OF TAX MATTERS PARTNER FOR LIMITED LIABILITY COMPANIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      02/06/96

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Lindsay Russell
Phone: 202 622-3050

RIN: 1545-AQ47
_______________________________________________________________________




2975.  FEDERAL TAX DEPOSITS BY ELECTRONIC FUNDS TRANSFER

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6302; 26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 31

Legal Deadline: None

Abstract: Amendments are being made to temporary regulations TD 8553 
relating to the deposit of federal taxes by electronic funds transfer.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/21/96                    61 FR 11548
Final Action Effective          03/21/96

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: IA-003-94
Drafting attorney: Vincent Surabian (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Vincent Surabian, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AU10
_______________________________________________________________________




2976. IMPOSITION OF ACCURACY-RELATED PENALTY

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8656            02/09/96                     61 FR 4876

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Carolyn D. Fanaroff
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AS24
_______________________________________________________________________




2977. POLITICAL ACTIVITY INJUNCTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 53; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8628            12/05/95                    60 FR 62209

Small Entities Affected: Organizations

Government Levels Affected: None

Agency Contact: Cynthia Morton
Phone: 202 622-6070

RIN: 1545-AO77
_______________________________________________________________________




2978. ACTUARIAL TABLES EXCEPTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1.7520-3; 26 CFR 20.7520-3; 26 CFR 25.7520-3

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8630            12/13/95                    60 FR 63913

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William L. Blodgett
Phone: 202 622-3090
Fax: 202 622-4524

RIN: 1545-AR56
_______________________________________________________________________




2979. CERTAIN PUBLICLY TRADED PARTNERSHIPS TREATED AS CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301; 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8629            12/04/95                    60 FR 62026

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Christopher Kelley
Phone: 202 622-3080

RIN: 1545-AL57
_______________________________________________________________________




2980. AUTOMATIC EXTENSION OF TIME FOR FILING INDIVIDUAL TAX RETURNS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8651            01/04/96                      61 FR 260

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Margaret Owens
Phone: 202 622-4940

RIN: 1545-AS05
_______________________________________________________________________




2981. INFORMATION REPORTING FOR DISCHARGES OF INDEBTEDNESS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8654            01/04/96                      61 FR 262

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Michael Schmit
Phone: 202 622-4960
Fax: 202 622-6298

RIN: 1545-AS21
_______________________________________________________________________




2982. SEALS OF OFFICE IN CONNECTION WITH IRC SECTION 7514

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8625            10/27/95                    60 FR 54944
Final Action Effective          10/27/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert A. Walker
Phone: 202 622-3640

RIN: 1545-AS61
_______________________________________________________________________




2983. NONBANK TRUSTEE NET WORTH REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8635            12/20/95                    60 FR 65547
Final Action Effective          12/20/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Marjorie Hoffman
Phone: 202 622-6030

RIN: 1545-AS92
_______________________________________________________________________




2984. TIMING OF NOTICE AND CONSENT REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8620            09/22/95                    60 FR 49218
Final Action Effective          09/22/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Marjorie Hoffman
Phone: 202 622-6030

RIN: 1545-AT75
_______________________________________________________________________




2985. BACKUP WITHHOLDING

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 31; 26 CFR 35a; 26 CFR 301; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8637            12/21/95                    60 FR 66105
Final Action Effective          12/31/96

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Federal

Agency Contact: Renay France
Phone: 202 622-4910
Fax: 202 622-6316

RIN: 1545-AT76
_______________________________________________________________________




2986. ERISA SEC. 204(H) NOTICE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 2

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8631            12/15/95                    60 FR 64320

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Betty Clary
Phone: 202 622-6070

RIN: 1545-AT79
_______________________________________________________________________




2987.  CURRENT LIABILITY FOR CHARITY TABLES FOR THE DISABLED

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0412(l)(7)(C)(iii)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide mortality tables to be used in 
determining current liability under section 412(l) for individuals who 
are entitled to benefits under the plan on account of disability. The 
regulations will also provide guidance regarding the use of these 
mortality tables.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/04/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-45-95
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Alan Tawshunsky (202) 622-6000.
Treasury attorney: Harlan Weller (202) 622-1001.

Agency Contact: Linda Marshall, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW., 
Washington, DC 20224`
Phone: 202 622-6030

RIN: 1545-AT89
_______________________________________________________________________




2988.  RETURNS OF INFORMATION WITH RESPECT TO REMIC REGULAR 
INTERESTS AND COLLATERALIZED DEBT INSTRUMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project amends section 1.6049-7 to change reporting 
requirements for OID accrual with respect to REMIC regular interests 
and interests in collateralized debt obligations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      09/29/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-61-91
Drafting attorney: Kenneth Christman (202) 622-3950.
Reviewing attorney: Marshall Fiering (202) 622-3960.
Treasury attorney: Val Strehlow (202) 622-0869.

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

RIN: 1545-AU00
_______________________________________________________________________




2989.  TELEFILE VOICE SIGNATURE ALTERNATIVE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations provide that an individual income 
tax return completed as part of the Telefile Voice Signature test will 
be treated as a return that is signed, authenticated, verified, and 
filed by the taxpayer as required by the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      03/04/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-39-95
Drafting attorney: Celia Gabrysh (202) 622-4940.

Agency Contact: Celia Garbrysh, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-4940

RIN: 1545-AU07
BILLING CODE 4830-01-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2990. LIQUIDITY

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 1465; 12 USC 1467a; 12 USC 1691; 12 USC 1691a

CFR Citation:  12 CFR 566

Legal Deadline: None

Abstract: The OTS is considering issuance of a notice of proposed 
rulemaking that would amend its liquidity regulation to reduce 
regulatory burden.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/96

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-AA77
_______________________________________________________________________




2991. 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                            05/00/96

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
_______________________________________________________________________




2992. 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) operating subsidiaries, (iii) finance subsidiaries, (iv) pass-
through entities, and (v) special purpose corporations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/96

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
_______________________________________________________________________




2993. REGULATORY REVIEW: CONFLICTS OF INTEREST AND USURPATION OF 
CORPORATE OPPORTUNITY

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                            05/00/96

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
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2994. CAPITAL DISTRIBUTIONS

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 that would 
amend its capital distributions regulation to incorporate the 
definition of ``capital distributions'' used under prompt corrective 
action. It would allow capital distributions without notice to the OTS 
by associations that are not held by a holding company and that receive 
a composite rating of 1 or 2. Associations that will remain at least 
adequately capitalized after making a capital distribution would be 
permitted to make a capital distribution upon notice to the OTS. 
Applications for capital distributions would be accepted from troubled 
associations and undercapitalized associations but would be approved 
only under strict conditions, described in the preamble to the 
proposal.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/05/94                    59 FR 62356
NPRM Comment Period End         02/03/95
Final Action                    07/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Edward J. O'Connell, Project Manager, Supervision 
Policy, Department of the Treasury, Office of Thrift Supervision, 1700 
G Street NW., Washington, DC 20552
Phone: 202 906-5694

RIN: 1550-AA72
_______________________________________________________________________




2995. ``DE NOVO'' APPLICATIONS FOR A FEDERAL SAVINGS ASSOCIATION CHARTER

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 552; 12 USC 559; 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; 12 CFR 571

Legal Deadline: None

Abstract: The OTS has issued a notice of proposed rulemaking to update 
its statement of policy regarding ``de novo'' applications for a 
Federal savings association charter. Much of the current rule has 
become obsolete, redundant or otherwise unnecessary due to amendments 
to Federal laws and regulations concerning capital adequacy, business 
plans, director and officer qualifications, conflicts of interest and 
transactions with affiliates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/06/95                    60 FR 12103
NPRM Comment Period End         05/05/95
Final Action                    05/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Edward J. O'Connell, Project Manager, Supervision 
Policy, Department of the Treasury, Office of Thrift Supervision, 1700 
G Street NW., Washington, DC 20552
Phone: 202 906-5694

RIN: 1550-AA76
_______________________________________________________________________




2996. UNIFORM RULES OF PRACTICE AND PROCEDURE

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 556; 12 USC 1464; 12 USC 1467; 12 USC 1467a; 12 
USC 1813; 15 USC 78l

CFR Citation:  12 CFR 509

Legal Deadline: None

Abstract: The Federal banking agencies have issued a notice of proposed 
rulemaking to update their uniform rules of practice and procedure. The 
changes are primarily technical revisions, but several of them would 
increase efficiency in the administrative process by (i) ensuring that 
parties have a representative available to accept service of process at 
all times; (ii) prohibiting multiple counsel from examining a single 
witness; and (iii) clarifying time deadlines and other matters.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/23/95                    60 FR 32882
NPRM Comment Period End         08/22/95
Final Action                    05/00/96

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-AA79
_______________________________________________________________________




2997. RISK-BASED CAPITAL REQUIREMENTS, SMALL BUSINESS LOAN RECOURSE 
OBLIGATIONS

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 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                    09/00/96

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-AA81
_______________________________________________________________________




2998. FLOOD 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:  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 have issued 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                            10/18/95                    60 FR 53962
NPRM Comment Period End         12/18/95
Final Action                    07/00/96

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-AA86
_______________________________________________________________________




2999.  LENDING AND INVESTMENT (FORMERLY RIN 1550-AA91)

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 560; 12 CFR 563; 12 CFR 
571

Legal Deadline: None

Abstract: The OTS has issued a notice of proposed rulemaking to revise 
its lending regulations with a view toward making them more concise and 
less burdensome for both federally and state-chartered savings 
associations. This rulemaking follows a review of each of OTS's lending 
regulations and related policy statements to determine whether it is 
necessary, imposes the least possible burden consistent with safety and 
soundness, and is written in a clear, straightforward manner.
The final stage of this rulemaking will include the final adoption of 
the OTS's interim final Loan Documentation rule (see RIN 1550-AA61), 
and its proposed rule concerning Classification of Assets (see RIN 
1550-AA65). Descriptions of these rules can be found in the April, 1995 
Agenda of Regulations.
The OTS's Regulatory Review rulemakings on Adjustable Rate Mortgages 
and Federal Preemption formerly reported under RIN 1550-AA90 and RIN 
1550-AA92 have also been merged into this rulemaking. The descriptions 
of the amendments can be found in the October, 1995 Agenda of 
Regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/96                     61 FR 1162
NPRM Comment Period End         04/16/96
Final Action                    09/00/96

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-AA94
_______________________________________________________________________




3000.  MANAGEMENT OFFICIAL INTERLOCKS

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 3201 to 3208

CFR Citation:  12 CFR 563f

Legal Deadline: None

Abstract: The Federal banking agencies have issued a notice of proposed 
rulemaking to revise their rules regarding management interlocks. It 
conforms the interlocks rules to recent statutory changes, modernizes 
and clarifies the rules, and reduces unnecessary burdens where 
feasible, consistent with statutory requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/29/95                    60 FR 67425
NPRM Comment Period End         02/27/96
Final Action                    05/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Donna Miller, Program Manager, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-7488

RIN: 1550-AA95
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3001. RISK-BASED CAPITAL STANDARDS--RECOURSE OBLIGATIONS

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 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
_______________________________________________________________________




3002. 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.

CFR Citation:  12 CFR 543

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John M. Flannery
Phone: 202 906-7293

RIN: 1550-AA83
_______________________________________________________________________




3003. RISK-BASED CAPITAL GUIDELINES: ORIGINATED MORTGAGE SERVICING 
RIGHTS

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 565; 12 CFR 567

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              08/01/95                    60 FR 39226


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly
Phone: 202 906-6465

RIN: 1550-AA84
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3004. SMALL AND MEDIUM-SIZED BUSINESS AND FARM LOAN DOCUMENTATION 
EXEMPTION FOR QUALIFYING ASSOCIATIONS

Priority:  Other

CFR Citation:  12 CFR 563

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Merged with RIN 1550-AA94       01/17/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Ellen Sazzman
Phone: 202 906-7133

RIN: 1550-AA61
_______________________________________________________________________




3005. 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.

CFR Citation:  12 CFR 563

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/16/96                     61 FR 6100
Final Action Effective          04/01/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Gary Sutton
Phone: 202 906-5761

RIN: 1550-AA62
_______________________________________________________________________




3006. CLASSIFICATION OF ASSETS

Priority:  Other

CFR Citation:  12 CFR 563

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Merged with RIN 1550-AA94       01/17/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William Magrini
Phone: 202 906-5744

RIN: 1550-AA65
_______________________________________________________________________




3007. LOANS TO ONE BORROWER

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 563

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/27/95                    60 FR 66866
Final Action Effective          12/27/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William Magrini
Phone: 202 906-5744

RIN: 1550-AA78
_______________________________________________________________________




3008. REGULATORY REVIEW

Priority:  Substantive, Nonsignificant

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

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; ...

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/27/95                    60 FR 66866
Final Action Effective          12/27/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Valerie J. Lithotomos
Phone: 202 906-6439

RIN: 1550-AA85
_______________________________________________________________________




3009. 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.

CFR Citation:  12 CFR 545; 12 CFR 563

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Merged with RIN 1550-AA94       01/17/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John M. Flannery
Phone: 202 906-7293

RIN: 1550-AA90
_______________________________________________________________________




3010. 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.

CFR Citation:  12 CFR 545; 12 CFR 590; 12 CFR 591

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Merged with RIN 1550-AA94       01/17/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Evelyne Bonhomme
Phone: 202 906-7052

RIN: 1550-AA92
_______________________________________________________________________




3011.  COMMUNITY REINVESTMENT ACT REGULATIONS

Priority:  Other

Legal Authority:  12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 
12 USC 1814; 12 USC 1816; 12 USC 1828(c); 12 USC 2901 to 2907

CFR Citation:  12 CFR 563e

Legal Deadline: None

Abstract: The Federal banking agencies have jointly amended their 
recently adopted regulations implementing the Community Reinvestment 
Act to make technical corrections and clarifications. The implementing 
regulations were published in May, 1995 under RIN 1550-AA69.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/20/95                    60 FR 66048
Final Action Effective          01/01/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Theresa A. Stark, Program Analyst, Compliance Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-7054

RIN: 1550-AA93
[FR Doc. 96-7473 Filed 05-10-96; 8:45 am]
BILLING CODE 6720-01-F