[The Regulatory Plan and 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]


_______________________________________________________________________

Part XV





Department of the Treasury





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 62968]]



DEPARTMENT OF THE TREASURY (TREAS)                                     


  



_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda and Fiscal Year 1997 Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda and fiscal year 1997 regulatory 
plan.

_______________________________________________________________________

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act (Pub. L. 96-354, September 19, 1980) and 
Executive Order (E.O.) 12866 (``Regulatory Planning and Review,'' 
September 30, 1993), which require the publication by the Department of 
a semiannual agenda of regulations. E.O. 12866 also requires the 
publication by the Department of a regulatory plan for fiscal year 
1997.

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

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

Dated: September 17, 1996.

J. Benjamin H. Nye,

Executive Secretary.

                                    Departmental Offices--Proposed Rule Stage                                   
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2837        31 CFR 500.704  Administrative Hearings...............................................    1505-AA59 
2838        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   
----------------------------------------------------------------------------------------------------------------
2839        12 CFR 1805 (New)  Community Development Financial Institutions Program; Bank                       
            Enterprise Award Program Regulations..................................................    1505-AA71 
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Completed Actions                                    
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2840        17 CFR 400  Amendments Under the Government Securities Act; Large Position Reporting..    1505-AA53 
2841        31 CFR 411  Color Illustration of U.S. Currency.......................................    1505-AA69 
2842        12 CFR 1505  Employee Responsibilities and Conduct....................................    1505-AA72 
2843        12 CFR 1503.13  Exemption of System of Records From Privacy Act Provisions............    1505-AA73 
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2844        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Definitions................    1506-AA03 
2845        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Requirement That Financial               
            Institutions Carry Out Anti-Money-Laundering Programs.................................    1506-AA05 
2846        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To               
            Assess Civil Money Penalties on Depository Institutions...............................    1506-AA08 
2847        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Registration Requirement                 
            for Certain Non-Bank Financial Institutions...........................................    1506-AA09 
2848        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Discretionary Exemption of               
            Certain Transactions From Currency Transaction Reporting Requirements.................    1506-AA12 
2849        31 CFR 103  Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-             
            Border Transportation of Certain Monetary Instruments.................................    1506-AA15 

[[Page 62969]]

                                                                                                                
2850        31 CFR 103  Amendment to the Bank Secrecy Act Regulations Regarding Reporting and                   
            Recordkeeping by Card Clubs...........................................................    1506-AA18 
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage                             
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2851        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Exemptions From the                      
            Requirement To Report Transactions in Currency........................................    1506-AA11 
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Completed Actions                            
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2852        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Notice of Exemption of                   
            Certain Transactions From Currency Transaction Reporting Requirements.................    1506-AA10 
2853        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 
2854        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 Management Service--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2855        31 CFR 210  Federal Government Participation in the Automated Clearing House..........    1510-AA17 
2856        31 CFR 225  Acceptance of Bonds Secured by Government Obligations in Lieu of Bonds                  
            with Sureties.........................................................................    1510-AA36 
2857        31 CFR 203  Treasury Tax and Loan Depositaries and Payment of Federal Taxes...........    1510-AA37 
2858        31 CFR 205  Rules and Procedures for Funds Transfers..................................    1510-AA38 
2859        31 CFR 240  Indorsement and Payment of Checks Drawn on the United States Treasury.....    1510-AA45 
2860        31 CFR 226  Recognition of Insurance Covering Treasury Tax and Loan Depositaries......    1510-AA53 
2861        4 CFR 101 to 105  Federal Claims Collection Standards.................................    1510-AA57 
2862        31 CFR 285  Debt Collection Authorities Under the Debt Collection Improvement Act.....    1510-AA58 
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2863        31 CFR 209  Payment to Financial Institutions for Credit to Accounts of Employees and               
            Beneficiaries.........................................................................    1510-AA30 
2864        31 CFR 202  Depositaries and Financial Agents of the Government.......................    1510-AA42 
2865        31 CFR 281  Foreign Exchange Operations...............................................    1510-AA48 
2866        31 CFR 245  Claims on Account of Treasury Checks......................................    1510-AA51 
2867        31 CFR 208  Management of Federal Agency Disbursements (Reg Plan Seq. No. 90).........   1510-AA56  
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          


[[Page 62970]]


                                 Financial Management Service--Long-Term Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2868        31 CFR 256  Payments Under Judgment and Private Relief Acts...........................    1510-AA52 
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2869        31 CFR 206  Management of Federal Agency Receipts, Disbursements, and Operation of the              
            Cash Management Improvements Fund.....................................................    1510-AA47 
2870        31 CFR 224  Federal Process Agents of Surety Companies................................    1510-AA49 
2871        31 CFR 235  Issuance of Settlement Checks for Forged Checks Drawn on Designated                     
            Depositaries..........................................................................    1510-AA50 
2872        31 CFR 214  Depositaries for Federal Taxes............................................    1510-AA54 
2873        31 CFR 211  Delivery of Checks and Warrants to Addresses Outside the United States,                 
            Its Territories and Possessions.......................................................    1510-AA55 
----------------------------------------------------------------------------------------------------------------


                             Bureau of Alcohol, Tobacco and Firearms--Prerule Stage                             
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2874        27 CFR 252  Exportation of Liquors....................................................    1512-AA98 
2875        27 CFR 7  Labeling and Advertising of Malt Beverages..................................    1512-AB45 
2876        27 CFR 55  Explosives Materials in the Fireworks Industry (Reg Plan Seq. No. 91)......   1512-AB48  
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          


                          Bureau of Alcohol, Tobacco and Firearms--Proposed Rule Stage                          
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2877        27 CFR 9  American Viticultural Areas.................................................    1512-AA07 
2878        27 CFR 7  Standards of Identity for Malt Beverages....................................    1512-AA95 
2879        27 CFR 7  Alcoholic Content Labeling for Malt Beverages...............................    1512-AB17 
2880        27 CFR 25.205  Production of Beer for Personal or Family Use at Brew-on-Premises                    
            Facilities............................................................................    1512-AB18 
2881        27 CFR 4.25a(d) to 4.25a(e)  Multistate Appellations of Origin for Contiguous States..    1512-AB28 
2882        27 CFR 7  Revision of Brewery Regulations and Issuance of Regulations for Taverns on                
            Brewery Premises (Brewpubs) (Reg Plan Seq. No. 92)....................................    1512-AB37 
2883        27 CFR 20  Distribution of Denatured Alcohol and Rum..................................    1512-AB57 
2884        27 CFR 19.11  Distilled Spirits Plant Regulatory Initiative Proposal..................    1512-AB58 
2885        27 CFR 55  Commerce in Explosives.....................................................    1512-AB55 
2886        27 CFR 55  Implementation of Public Law 103-322, the Violent Crime Control and Law                  
            Enforcement Act of 1994...............................................................    1512-AB35 
2887        27 CFR 178  Definition for the Category of Persons Prohibited From Receiving Firearms.    1512-AB41 
2888        27 CFR 53  Manufacturers Excise Tax--Firearms and Ammunition Exemption Certificates/                
            Statements............................................................................    1512-AB42 
2889        27 CFR 53.61(b)  Firearms and Ammunition Excise Taxes Parts and Accessories...........    1512-AB49 
2890        27 CFR 290  Exportation of Tobacco Products and Cigarette Papers and Tubes, Without                 
            Payment of Tax, or With Drawback of Tax...............................................   1512-AB03  
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          


                            Bureau of Alcohol, Tobacco and Firearms--Final Rule Stage                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2891        27 CFR 4  Grape Wine Designation--Gamay Beaujolais....................................    1512-AB08 
2892        27 CFR 4  Alteration of Labels on Containers of Distilled Spirits, Wine, Beer.........    1512-AB32 

[[Page 62971]]

                                                                                                                
2893        27 CFR 4.40  Procedures for Revoking Previously Approved Certificates of Label                      
            Approval, Exemptions From Label Approval, or Distinctive Liquor Bottle Approvals......    1512-AB34 
2894        27 CFR 5.26  Registration of Formulas and Statements of Process for Domestically                    
            Produced Alcoholic Beverages..........................................................    1512-AB40 
2895        27 CFR 5  Labeling of Unaged Grape Brandy.............................................    1512-AB46 
2896        27 CFR 22.21  Distribution and Use of Tax-Free Alcohol................................    1512-AB51 
2897        27 CFR 18.56  Production of Volatile Fruit Flavored Concentrate.......................    1512-AB59 
2898        27 CFR 21.3  Formulas For Denatured Alcohol and Rum...................................    1512-AB60 
2899        27 CFR 53  Firearms and Ammunition Excise Taxes.......................................    1512-AB33 
2900        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 
2901        27 CFR 70  Recodification of Statement Procedural Rules...............................    1512-AB54 
2902        27 CFR 270  Manufacture of Tobacco Products...........................................    1512-AB52 
----------------------------------------------------------------------------------------------------------------


                           Bureau of Alcohol, Tobacco and Firearms--Completed Actions                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2903        27 CFR 197  Nonbeverage Drawback......................................................    1512-AA20 
2904        27 CFR 24.246  New Wine Treating Materials and Processes..............................    1512-AB26 
2905        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 
2906        27 CFR 70  Miscellaneous Regulations Relating to Liquor...............................    1512-AB44 
2907        27 CFR 1  Technical Amendments........................................................    1512-AB47 
2908        27 CFR 200  Technical Amendments to Part 200..........................................    1512-AB56 
2909        27 CFR 55  Implementation of Provisions of Public Law 104-132, the Antiterrorism and                
            Effective Death Penalty Act of 1996...................................................    1512-AB61 
2910        27 CFR 70.701  Statement of Procedural Rules..........................................    1512-AB53 
----------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2911        12 CFR 3  Capital Rules...............................................................    1557-AB14 
2912        12 CFR 8  Assessment of Fees; National Banks; District of Columbia Banks..............    1557-AB41 
2913        12 CFR Not yet determined  Interstate Deposit Production Offices......................    1557-AB50 
2914        12 CFR 12  Testing Requirements for Bank Employees Selling Non-Deposit Investment                   
            Products..............................................................................    1557-AB54 
2915        12 CFR 4  Expanded Examination Cycle for Certain Small Financial Institutions.........    1557-AB56 
2916        12 CFR 19  Rules of Practice and Procedure............................................    1557-AB57 
2917        12 CFR 28  International Lending Supervision..........................................    1557-AB58 
2918        00 CFR Not yet determined  Treatment of Financial Contracts by OCC-Appointed Receivers              
            and Conservators for Uninsured Financial Institutions.................................    1557-AB59 
----------------------------------------------------------------------------------------------------------------


                                  Comptroller of the Currency--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2919        12 CFR 9  Fiduciary Activities of National Banks; Regulation Review...................    1557-AB12 
2920        12 CFR 1  Investment Securities Regulation; Regulation Review.........................    1557-AB37 
2921        12 CFR 12  Recordkeeping and Confirmation Requirements for Securities Transactions;                 
            Regulation Review.....................................................................    1557-AB42 
2922        12 CFR 23  Leasing; Regulation Review.................................................    1557-AB45 
2923        12 CFR 13  Government Securities Sales Practices......................................    1557-AB52 

[[Page 62972]]

                                                                                                                
2924        12 CFR 32  Lending Limits.............................................................    1557-AB55 
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2925        12 CFR 5  Rules, Policies, and Procedures for Corporate Activities; Regulation Review.    1557-AB27 
2926        12 CFR 19  Uniform Rules of Practice and Procedure; Regulation Review.................    1557-AB43 
2927        12 CFR 27  Fair Housing Home Loan Data System.........................................    1557-AB53 
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2928        12 CFR 30  Standards for Safety and Soundness.........................................    1557-AB17 
2929        12 CFR 20  International Operations and Federal Branches and Agencies; Regulation                   
            Review................................................................................    1557-AB26 
2930        12 CFR 26  Management Official Interlocks; Regulation Review..........................    1557-AB39 
2931        12 CFR 31  Extensions of Credit to National Bank Insiders; Regulation Review..........    1557-AB40 
2932        12 CFR 24  Community Development Corporation and Project Investments and Other Public               
            Welfare Investments; Regulation Review................................................    1557-AB46 
2933        12 CFR 22  Loans in Areas Having Special Flood Hazards; Regulation Review.............    1557-AB47 
2934        12 CFR 2  Sales of Credit Life Insurance; Regulation Review...........................    1557-AB49 
2935        12 CFR 25  Community Reinvestment Act Regulation......................................    1557-AB51 
----------------------------------------------------------------------------------------------------------------


                               United States Customs Service--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2936        19 CFR 7.8  U.S. Insular Possessions--Duty-Free Treatment.............................    1515-AB14 
2937        19 CFR 142  Publication of Filer Codes................................................    1515-AB27 
2938        19 CFR 133  Parallel Imports and Other Trademarked Goods..............................    1515-AB49 
2939        19 CFR 12  Textiles and Textile Products Subject to Textile Trade Agreements..........    1515-AB54 
2940        19 CFR 10  Andean Trade Preference....................................................    1515-AB59 
2941        19 CFR 113  Accreditation of Commercial Testing Laboratories; Approval of Commercial                
            Gaugers...............................................................................    1515-AB60 
2942        19 CFR 159  Liquidation; Extension; Suspension........................................    1515-AB66 
2943        19 CFR 12  Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and Music              
            Videos of Live Musical Performances...................................................    1515-AB74 
2944        19 CFR 12  Interest on Underpayments and Overpayments of Customs Duties Fees and                    
            Interest..............................................................................    1515-AB76 
2945        19 CFR 162  Recordkeeping Requirements................................................    1515-AB77 
2946        19 CFR 10  Use of Containers Designated as Instruments of International Traffic in                  
            Point-to-Point Local Traffic..........................................................    1515-AB79 
2947        19 CFR 142  Reconciliation............................................................    1515-AB85 
2948        19 CFR 123  Foreign-Based Commercial Motor Vehicles in International Traffic..........    1515-AB88 
2949        19 CFR 103  Electronic Requests for Confidential Treatment of Export Manifest Data....    1515-AB89 
2950        19 CFR 123  Port Passenger Acceleration Service System (PORTPASS) Program.............    1515-AB90 
2951        19 CFR 7  Drawback....................................................................    1515-AB95 
2952        19 CFR 162  Prior Disclosure..........................................................    1515-AB98 
2953        19 CFR 4  Lay Order Period: General Order: Penalties..................................    1515-AB99 
2954        19 CFR 10  Petitions for Relief; Seizures, Penalties, and Liquidated Damages..........    1515-AC01 
2955        19 CFR 10  Bilateral Carnet Agreement Between the American Institute in Taiwan and the              
            Taipei Economic and Cultural Representative...........................................    1515-AC03 
----------------------------------------------------------------------------------------------------------------


[[Page 62973]]


                                 United States Customs Service--Final Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2956        19 CFR 133  Disclosure of Information to Intellectual Property Rights Owners..........    1515-AB28 
2957        19 CFR 24  Fees Assessed for Defaulted Payments.......................................    1515-AB38 
2958        19 CFR 12  Importer Certification Regarding Country of Origin of Textiles and Textile               
            Products..............................................................................    1515-AB43 
2959        19 CFR 134  Country-of-Origin Marking Requirements for Frozen Produce Packages........    1515-AB61 
2960        19 CFR 10  Warehouse Withdrawals; Aircraft Fuel Supplies; Pipeline Transportation in                
            Bond of Merchandise...................................................................    1515-AB67 
2961        19 CFR 151  Detention of Merchandise..................................................    1515-AB75 
2962        19 CFR 134  Country-of-Origin Marking.................................................    1515-AB82 
2963        19 CFR 19  Duty-Free Stores...........................................................    1515-AB86 
2964        19 CFR 10  North American Free Trade Agreement (NAFTA)--Implementation of Duty-                     
            Deferral Program Provisions...........................................................    1515-AB87 
2965        19 CFR 148  Treatment of Merchandise Imported by Foreign Governments or Designated                  
            International Organizations...........................................................    1515-AB92 
2966        19 CFR 141  Entry of Softwood Lumber Shipments From Canada............................    1515-AB97 
2967        19 CFR 12  Determination of the Country of Origin of Textiles and Textile Products....    1515-AC00 
2968        19 CFR 19  General Enforcement Provisions; Removal of Agency Management Regulations...    1515-AC02 
2969        19 CFR 12  Importation of Chemicals Subject to the Toxic Substances Control Act.......    1515-AC04 
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Long-Term Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2970        19 CFR 4  Harbor Maintenance Fee......................................................    1515-AA57 
2971        19 CFR 24  Donated Cargo Exemption From Harbor Maintenance Fee........................    1515-AA87 
2972        19 CFR 102 (New)  Rules of Origin.....................................................    1515-AB19 
2973        19 CFR 113  Automated Surety Interface................................................    1515-AB25 
2974        19 CFR 191  Substitution Unused Merchandise Drawback..................................    1515-AB48 
2975        19 CFR 134  Country-of-Origin Marking for Watches.....................................    1515-AB68 
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2976        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 
2977        19 CFR 10  Treatment of Reusable Shipping Devices Arriving From Canada or Mexico......    1515-AB51 
2978        19 CFR 103  Disclosure or Production of Customs Information Pursuant to Legal Process.    1515-AB58 
2979        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 
2980        19 CFR 118  Centralized Examination Stations; Immediate Suspension or Permanent                     
            Revocation as Operator Upon Indictment for Any Felony.................................    1515-AB83 
2981        19 CFR 12  Prohibited/Restricted Merchandise; Foreign Assets Control Regulations......    1515-AB91 
2982        19 CFR 10  Suspension of United States-Canada Free Trade Agreement Implementing                     
            Regulations...........................................................................    1515-AB93 
2983        19 CFR 12  Emissions Standards for Imported Nonroad Engines...........................    1515-AB94 
2984        19 CFR 12  Removal of Toshiba Sanction Regulations....................................    1515-AB96 
----------------------------------------------------------------------------------------------------------------


                                     Internal Revenue Service--Prerule Stage                                    
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2985        26 USC 7805  Tax Treatment of Cafeteria Plans.........................................    1545-AU61 
----------------------------------------------------------------------------------------------------------------


[[Page 62974]]


                                  Internal Revenue Service--Proposed Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2986        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 
2987        26 USC 0059  Section 58(e); Election for Qualified Costs..............................    1545-AU40 
2988        26 USC 0104  Personal Injury Damages..................................................    1545-AT29 
2989        26 USC 0168  Changes in Use Under Section 168(i)(5)...................................    1545-AJ38 
2990        26 USC 0179A  Determination of Section 30 Credit and Section 179A Deduction...........    1545-AR66 
2991        26 USC 0263A  Rules for Farmers.......................................................    1545-AQ91 
2992        26 USC 0263A  Production of Creative Property.........................................    1545-AQ92 
2993        26 USC 0263A  Foreign Taxpayers.......................................................    1545-AQ93 
2994        26 USC 0269B  Rules for Treatment of Foreign Corporation Whose Stock Is Stapled to the              
            Stock of a Domestic Corporation.......................................................    1545-AN20 
2995        26 USC 0274  Substantiation of Expenses--Receipt Threshold............................    1545-AT97 
2996        26 USC 0274  Substantiation of Expenses--Receipt Threshold............................    1545-AT98 
2997        26 USC 0337  Scope of General Utilities Repeal........................................    1545-AN21 
2998        26 USC 0337  Corporate Inversion Transactions.........................................    1545-AS91 
2999        26 USC 0367  Section 361 Outbound Transfers of Property to Foreign Corporations.......    1545-AM97 
3000        26 USC 0381  Carryovers of Methods of Accounting......................................    1545-AT38 
3001        26 USC 0403  Nondiscrimination and Other Rules Applicable to Section 403(b) Annuities.    1545-AI90 
3002        26 USC 0412  Revising the Definition of the Full Funding Limitation for Purposes of                 
            the Minimum Funding Requirement for Pension Plans.....................................    1545-AL53 
3003        26 USC 0453  Installment Obligations Received From Liquidating Corporations...........    1545-AB43 
3004        26 USC 0460  Definition of a Long-Term Contract.......................................    1545-AQ30 
3005        26 USC 0468B  Escrow Funds and Other Similar Funds....................................    1545-AR82 
3006        26 USC 0472  Definition of an Item for LIFO...........................................    1545-AT39 
3007        26 USC 0482  Intercompany Transfer Pricing for Services...............................    1545-AR32 
3008        26 USC 0672  Income Taxation of Trusts and Estates....................................    1545-AJ20 
3009        26 USC 0679  Foreign Grantor Trusts...................................................    1545-AO75 
3010        26 USC 0702  Expansion of Form 945....................................................    1545-AU51 
3011        26 USC 0743  Adjustments Following Sales of Partnership Interests.....................    1545-AS39 
3012        26 USC 0817  Treatment of Modified Guaranteed Contracts...............................    1545-AU58 
3013        26 USC 0832  Determination of Earned Premiums.........................................    1545-AU60 
3014        26 USC 0842  Foreign Insurance Companies..............................................    1545-AL82 
3015        26 USC 0860E  REMIC Regulations.......................................................    1545-AR88 
3016        26 USC 0861  Fringe Benefit Sourcing Under Section 861................................    1545-AO72 
3017        26 USC 0863  Transportation Income Source Rules.......................................    1545-AJ68 
3018        26 USC 0863  Sourcing Rule Applicable to Certain Insurance Income.....................    1545-AQ37 
3019        26 USC 0864  Treatment of Deferred Payments and Appreciation Arising Out of Business                
            Conducted Within the United States....................................................    1545-AM53 
3020        26 USC 0864  Tiered Partnership Rules.................................................    1545-AO26 
3021        26 USC 0864  Integrated Financial Transaction.........................................    1545-AR20 
3022        26 USC 0865  Source Rules for Personal Property Sales.................................    1545-AJ83 
3023        26 USC 0872  Income Tax--Reciprocal Exemptions for Certain Transportation Income......    1545-AJ57 
3024        26 USC 0882  Proposed Regulation Under Section 882 and 884............................    1545-AT96 
3025        26 USC 0884  Proposed Regulations Under Section 1.884-3...............................    1545-AQ72 
3026        26 USC 0884  Final Regulations Under Section 1.884-2..................................    1545-AQ73 
3027        26 USC 0897  FIRPTA Cleanup...........................................................    1545-AJ72 
3028        26 USC 0897  Income Tax--Partnership Rules Regarding Taxation of Foreign Investment in              
            United States Real Property Interests.................................................    1545-AL77 
3029        26 USC 0904  Clarification of Treatment of Separate Limitation Losses.................    1545-AM11 
3030        26 USC 0905  Section 905(b) Regulations...............................................    1545-AP36 
3031        26 USC 0931  Exclusion of Possession Source Income From Gross Income of Certain                     
            Individuals...........................................................................    1545-AS42 
3032        26 USC 0932  Coordination of U.S. and Virgin Islands Income Taxes.....................    1545-AS41 
3033        26 USC 0936  OBRA 1993 Section 936 Reg................................................    1545-AS43 
3034        26 USC 0952  Subpart F--Use of Deficits...............................................    1545-AJ71 
3035        26 USC 0953  Foreign Insurance Company--Domestic Election.............................    1545-AO25 
3036        26 USC 0955  Subpart F Shipping Amendments............................................    1545-AM46 
3037        26 USC 0956A  Earnings Invested in Excess Passive Assets..............................    1545-AS47 
3038        26 USC 0960  Deemed-Paid Credit Under Section 960, Determined on Accumulated Basis....    1545-AQ34 
3039        26 USC 0960  Coordination of Pre-1987 Deemed Paid Taxes...............................    1545-AT85 

[[Page 62975]]

                                                                                                                
3040        26 USC 0985  Change From the Dollar Approximate Separate Transactions Method (DASTM)                
            to the Profit-and-Loss Method of Accounting...........................................    1545-AS68 
3041        26 USC 0986  Determination of Foreign Taxes and Foreign Corporations' Earnings and                  
            Profits...............................................................................    1545-AN37 
3042        26 USC 1059A  Amendment of Regulations Under IRC Section 1059A........................    1545-AS89 
3043        26 USC 1245  Partnerships and Depreciation Recapture..................................    1545-AT32 
3044        26 USC 1248  Section 1248 - Gain From Sale or Exchange of Stock in Foreign                          
            Corporations..........................................................................    1545-AC31 
3045        26 USC 1248  Gains From Certain Sales or Exchanges in Certain Foreign Corporations....    1545-AL89 
3046        26 USC 1272  OID on Prepayable Debt Instruments.......................................    1545-AU50 
3047        26 USC 1275  Inflation-Indexed Securities.............................................    1545-AU45 
3048        26 USC 1276  Disposition Gain Representing Accrued Market Discount Treated as Ordinary              
            Income; Deferral of Interest Deduction Allocable to Accrued Market Discount...........    1545-AH82 
3049        26 USC 1295  QEF Shareholder Election.................................................    1545-AM41 
3050        26 USC 1491  Regulations Under Sections 1491, 1492, and 1494..........................    1545-AN39 
3051        26 USC 1502  Section 1.1502-47 Regulations--Supplemental..............................    1545-AR89 
3052        26 USC 1503  Applications of Section 1503(d) to Partnerships and Other Items..........    1545-AR26 
3053        26 USC 1504  Income Tax--Includibility in an Affiliated Group of Subsidiaries Formed                
            To Comply With Foreign Laws...........................................................    1545-AC58 
3054        26 USC 2032A  Estate Tax-Valuation of Certain Farm, Etc., Real Property...............    1545-AT66 
3055        26 USC 2104  Situs of Partnership Interests Held by a Nonresident Alien for Estate Tax              
            Purposes..............................................................................    1545-AP07 
3056        26 USC 3221  Exception From Supplemental Tax..........................................    1545-AT56 
3057        26 USC 4003  Luxury Excise Tax Changes Under OBRA 1993................................    1545-AS34 
3058        26 USC 404A  Application of Grantor Trust Rules to Nonexempt Employees' Trust.........    1545-AU29 
3059        26 USC 4082  Diesel fuel tax - 1996 Amendment.........................................    1545-AU52 
3060        26 USC 4082  Diesel Fuel Tax - 1996 Amendment.........................................    1545-AU53 
3061        26 USC 6038  Information Reporting and Record Maintenance Under Section 6038C.........    1545-AP10 
3062        26 USC 6046A  6046A - Returns as to Interests in Foreign Partnerships.................    1545-AK75 
3063        26 USC 6048  Section 6048 Regulations.................................................    1545-AR25 
3064        26 USC 6334  Property Exempt From Levy................................................    1545-AU55 
3065        26 USC 7122  Compromises..............................................................    1545-AU56 
3066        26 USC 7701  Multiple-Party Financing Regulations for Stripping Transactions..........    1545-AU19 
3067        26 USC 7805  Intangible Amortization..................................................    1545-AS77 
3068        26 USC 7805  Reissuance of Qualified Tender Bonds.....................................    1545-AT09 
3069        26 USC 7805  Excise Tax on Heavy Trucks, Truck Trailers and Semitrailers, and Tractors    1545-AT63 
3070        26 USC 7805  Magnetic Media Filing Requirements.......................................    1545-AU08 
3071        26 USC 7805  Reporting Requirements for Widely Held Fixed Investment Trusts...........    1545-AU15 
3072        26 USC 7805  Nonresident Alien Shareholder; S Corporation Stock.......................    1545-AU18 
3073        26 USC 7805  Contingent Interest Under Section 2056(b)(7).............................    1545-AU27 
3074        26 USC 7805  Empowerment Zone Employment Credit.......................................    1545-AU30 
3075        26 USC 7805  Relief from Disqualification for Plans Accepting Rollovers...............    1545-AU46 
3076        26 USC 7805  Reconsideration of Rev. Rul. 69-302......................................    1545-AU49 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage                                   
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3077        05 USC 0552  Statement of Procedural Rules--Part 601.702..............................    1545-AR99 
3078        26 USC 0025  Reissuance of Mortgage Credit Certificates (Cross-Reference to Temporary               
            Regulations)..........................................................................    1545-AR76 
3079        26 USC 0042  Available Unit Rule......................................................    1545-AT60 
3080        26 USC 0072  Loans Treated as Distributions...........................................    1545-AE41 
3081        26 USC 0101  The Treatment of Accelerated Death Benefits Under Sections 101, 7702 and               
            7702A of the Internal Revenue Code....................................................    1545-AQ70 
3082        26 USC 0148  Arbitrage Restrictions on Tax Exempt Bonds...............................    1545-AU39 
3083        26 USC 0163  Earnings Stripping Payments..............................................    1545-AO24 
3084        26 USC 0165  Section 5f.163-1(B)(2)...................................................    1545-AP33 
3085        26 USC 0170  Self-Employment Tax Treatment of Members of Certain Limited Liability                  
            Companies.............................................................................    1545-AS94 
3086        26 USC 0170  Deductibility, Substantiation, and Disclosure of Certain Charitable                    
            Contributions.........................................................................    1545-AS95 
3087        26 USC 0263A  Method Change Rules for the Uniform Capitalization Rules................    1545-AQ94 

[[Page 62976]]

                                                                                                                
3088        26 USC 0338  Amendment of Section 1.338-5T Regulations................................    1545-AO73 
3089        26 USC 0367  Income Tax--Part 1--Stock Transfer Rules.................................    1545-AI32 
3090        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 
3091        26 USC 0367  Transfers of Stock or Securities by U.S. Persons to Foreign Corporations.    1545-AP81 
3092        26 USC 0367  Certain Outbound Transfers of Domestic Stock or Securities (Corporate                  
            Inversions)...........................................................................    1545-AT42 
3093        26 USC 0404A  Income Tax--Deduction for Certain Foreign Deferred Compensation Plans...    1545-AD81 
3094        26 USC 0414  Definition of ``Highly Compensated Employee''............................    1545-AQ74 
3095        26 USC 0417  Valuation of Plan Distribution...........................................    1545-AT27 
3096        26 USC 0469  Limitations on Passive Activity Losses and Credits--Self-Charged Items...    1545-AN64 
3097        26 USC 0475  Mark-to-Market Upon Disposition..........................................    1545-AS85 
3098        26 USC 0475  Mark-to-Market for Dealers in Securities: Equity Interests in Related                  
            Parties and the Dealer-Customer Relationship..........................................    1545-AT94 
3099        26 USC 0482  Taxation of Global Trading...............................................    1545-AP01 
3100        26 USC 0501  Requirements for Tax Exempt Labor Organizations..........................    1545-AT95 
3101        26 USC 0708  Section 708 and Section 704..............................................    1545-AU14 
3102        26 USC 0731  Partnership Distributions of Marketable Securities.......................    1545-AT19 
3103        26 USC 0861  Charitable Contributions.................................................    1545-AP30 
3104        26 USC 0863  Source of Income From Sales of Natural Resources Produced in One                       
            Jurisdiction and Sold in Another Jurisdiction.........................................    1545-AT92 
3105        26 USC 0864  Treatment of Related Person Factoring Income; Certain Investments in                   
            United States Property; and Stock Redemptions Through Related Corporations............    1545-AH85 
3106        26 USC 0864  Allocation and Apportionment of Interest Expense and Certain Other                     
            Expenses..............................................................................    1545-AM20 
3107        26 USC 0892  Income of Foreign Governments and International Organizations............    1545-AL93 
3108        26 USC 0897  Nonrecognition of Corporate Distributions and Reorganizations Under the                
            Foreign Investment in Real Property Tax Act...........................................    1545-AK79 
3109        26 USC 0898  Conforming Taxable Years of CFCs and FPHCs: 1989 Change..................    1545-AO22 
3110        26 USC 0902  Deemed Paid Credit Under Section 902 Determined on Accumulated Basis.....    1545-AL98 
3111        26 USC 0904  Application of Section 904 to Income Subject to Separate Limitations and               
            Section 864(e) Affiliated Group Expert Allocation Rules...............................    1545-AQ43 
3112        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 
3113        26 USC 0924  FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction,              
            and Other Special Rules for FSC.......................................................    1545-AI16 
3114        26 USC 0936  Income Tax--Definition of Qualified Possession Source Investment Income                
            for Purposes of Puerto Rico and Possession Tax Credit.................................    1545-AC10 
3115        26 USC 0936  CBI Investments of Section 936 Funds.....................................    1545-AM91 
3116        26 USC 0953  Insurance Income.........................................................    1545-AJ70 
3117        26 USC 0954  Amendment to Subpart F Definitions.......................................    1545-AR31 
3118        26 USC 0964  Earnings and Profits of Controlled Foreign Corporations..................    1545-AM90 
3119        26 USC 0964  Use of GAAP Earnings as E&P of Foreign Corporations......................    1545-AQ55 
3120        26 USC 0985  Rules for a QBU Changing From the Profit-and-Loss Method to DASTM........    1545-AR28 
3121        26 USC 0987  Computation of a Branch's Taxable Income Taxation of Exchange Gain or                  
            Loss on Branch Remittances............................................................    1545-AM12 
3122        26 USC 0988  Mark-to-Market Method of Accounting Under Section 988....................    1545-AP78 
3123        26 USC 0995  Income Tax--Tax Reform Act of 1984 Relating to Interest Charge DISCs.....    1545-AG71 
3124        26 USC 1058  Certain Payments Made Pursuant to a Securities Lending Transaction.......    1545-AP71 
3125        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 
3126        26 USC 1275  Inflation-Indexed Securities.............................................    1545-AU44 
3127        26 USC 1291  Treatment of Shareholders of Passive Foreign Investment Companies........    1545-AC06 
3128        26 USC 1291  Passive Foreign Investment Companies.....................................    1545-AI33 
3129        26 USC 1296  Passive Foreign Investment Companies--Special Rules for Foreign Banks and              
            Securities Dealers....................................................................    1545-AS46 
3130        26 USC 1377  Income Tax--Definitions and Special Rules Pertaining to S Corporations...    1545-AE94 
3131        26 USC 1441  Section 1441 Final Regulations...........................................    1545-AU43 
3132        26 USC 1446  Temporary Regulation on Withholding Tax on Payments From Partnerships to               
            Foreign Partners......................................................................    1545-AL32 
3133        26 USC 2056A  Requirements To Ensure Collection of Section 2056A Estate Tax...........    1545-AT64 
3134        26 USC 2702  Sale of Residence From Qualified Personal Residence Trust................    1545-AU12 
3135        26 USC 3306  FUTA Taxation of Amounts Under Employee Benefit Plans....................    1545-AT99 

[[Page 62977]]

                                                                                                                
3136        26 USC 4001  Retail Excise Taxes on Certain Luxury Items..............................    1545-AP24 
3137        26 USC 4082  Diesel Fuel Excise Tax; Dye Injection Systems and Markers................    1545-AT18 
3138        26 USC 4611  Tax on Petroleum.........................................................    1545-AJ23 
3139        26 USC 6039E  Information From Passport and Immigration Applicants....................    1545-AJ93 
3140        26 USC 6061  Voice Signatures.........................................................    1545-AQ68 
3141        26 USC 6081  Income Taxes Automatic Extension of Time to File Partnership Return of                 
            Income and Trust Income Tax Return....................................................    1545-AU47 
3142        26 USC 6103  Disclosure of Return Information to the U.S. Customs Service.............    1545-AS52 
3143        26 USC 6103  Disclosure of Returns and Return Information.............................    1545-AT48 
3144        26 USC 6114  6114 Reporting Requirements Waived.......................................    1545-AP35 
3145        26 USC 6205  Interest-Free Adjustments................................................    1545-AQ61 
3146        26 USC 6231  Selection of Tax Matters Partner for Limited Liability Companies.........    1545-AS09 
3147        26 USC 6302  Federal Tax Deposits by Electronic Funds Transfer........................    1545-AS79 
3148        26 USC 6302  Deposits of Excise Tax...................................................    1545-AT25 
3149        26 USC 7701  Special Rules for S Corps Under 301.7701(b)-7............................    1545-AS88 
3150        26 USC 7805  Automatic Extension of Time for Filing Individual Tax Returns............    1545-AS04 
3151        26 USC 7805  Certain Elections Under the Omnibus Budget Reconciliation Act of 1993....    1545-AS14 
3152        26 USC 7805  Arbitrage Restriction on Tax-Exempt Bonds................................    1545-AS49 
3153        26 USC 7805  Debt Instruments With OID; Annuity Contracts.............................    1545-AS76 
3154        26 USC 7805  Reissuance of Qualified Tender Bonds.....................................    1545-AT10 
3155        26 USC 7805  Methods of Signing.......................................................    1545-AT23 
3156        26 USC 7805  Straddles - Miscellaneous Issues.........................................    1545-AT46 
3157        26 USC 7805  ERISA Sec. 204(h) Notice.................................................    1545-AT78 
3158        26 USC 7805  Simplification of Entity Classification Rules............................    1545-AT91 
3159        26 USC 7805  Sale of Seized Property..................................................    1545-AU13 
3160        26 USC 7805  Extension of Time for Making Certain Elections...........................    1545-AU42 
3161        26 USC 7811  Authority To Modify or Rescind Taxpayer Assistance Orders................    1545-AU01 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3162        26 USC 0044  Disabled Access Credit...................................................    1545-AT72 
3163        26 USC 0079  Section 79, Table I, Update..............................................    1545-AN54 
3164        26 USC 0126  Exclusion From Income of Certain Cost-Sharing Payments Under Government                
            Programs..............................................................................    1545-AT73 
3165        26 USC 0162  Continuation Coverage Requirements of Group Health Plans.................    1545-AI93 
3166        26 USC 0163  Qualified Residence Interest.............................................    1545-AL67 
3167        26 USC 0280B  Demolition of Structures Definitions....................................    1545-AR63 
3168        26 USC 0280G  Golden Parachute Payments...............................................    1545-AH49 
3169        26 USC 0337  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 
3170        26 USC 0338  Deemed Purchase Price When Certain Stock Purchases Are Treated as Asset                
            Acquisitions..........................................................................    1545-AF29 
3171        26 USC 0338  Section 338(h)(10) and Insurance Companies...............................    1545-AS56 
3172        26 USC 0367  Treatment of Section 355 Distribution by US Corporations to Foreign                    
            Persons...............................................................................    1545-AU22 
3173        26 USC 0382  Regulations Under Section 382............................................    1545-AU33 
3174        26 USC 0403  403B Salary Reduction Election...........................................    1545-AU21 
3175        26 USC 0411  Allocation of Accrued Benefits Between Employer and Employee                           
            Contributions.........................................................................    1545-AT82 
3176        26 USC 0419  Treatment of Funded Welfare Benefit Plans................................    1545-AG14 
3177        26 USC 0446  Hybrid Instruments.......................................................    1545-AR13 
3178        26 USC 0465  Guidance on What Constitutes an Interest Other Than That of a Creditor...    1545-AO32 
3179        26 USC 0467  Section 467 Rental Agreements............................................    1545-AU11 
3180        26 USC 0468  Guidance on Section 468..................................................    1545-AT59 
3181        26 USC 0469  Application of Passive Activity Loss and Credit Limitations to Trusts,                 
            Estates, and Their Beneficiaries......................................................    1545-AN62 
3182        26 USC 0471  Inventories by Dealers in Securities Section 1.471-5.....................    1545-AS57 
3183        26 USC 0664  Guidance regarding charitable remainder trust............................    1545-AU25 
3184        26 USC 0736  Payments to a Retiring Partner or a Deceased Partner's Successor in                    
            Interest..............................................................................    1545-AT31 

[[Page 62978]]

                                                                                                                
3185        26 USC 0860F  Extension of Time for Real Estate Mortgage Investment Conduits To                     
            Provide Reporting Information.........................................................    1545-AP73 
3186        26 USC 0865  Allocation of Loss on Disposition of Stock...............................    1545-AT41 
3187        26 USC 1041  Stock Redemption Incident to Divorce.....................................    1545-AT24 
3188        26 USC 1059  Extraordinary Dividends/1059(e)(2).......................................    1545-AU16 
3189        26 USC 1202  Qualified Small Business Stock...........................................    1545-AU34 
3190        26 USC 1502  Consolidated Alternative Minimum Tax.....................................    1545-AN73 
3191        26 USC 1502  Consolidated Returns--Limitations on the Use of Certain Losses,                        
            Deductions, and Credits...............................................................    1545-AU31 
3192        26 USC 1502  Regulations Under Section 1502...........................................    1545-AU32 
3193        26 USC 2039  Estate Tax--Annuity Exclusion Repeal.....................................    1545-AP60 
3194        26 USC 2055  Reformation of Charitable Transfers-Definition of Guaranteed Annuity and               
            Lead Unitrust Interest................................................................    1545-AT65 
3195        26 USC 2663  GST Revision.............................................................    1545-AU26 
3196        26 USC 3306  FICA Taxation of Certain Deferred Compensation and Salary Reduction                    
            Arrangements..........................................................................    1545-AF97 
3197        26 USC 3402  Electronic Filing of Form W-4............................................    1545-AR67 
3198        26 USC 3402  Electronic Filing of Form W-4............................................    1545-AU59 
3199        26 USC 3406  TIN Matching.............................................................    1545-AU54 
3200        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 
3201        26 USC 4091  Excise Tax on Aviation Fuel..............................................    1545-AL43 
3202        26 USC 4671  Chemical Tax Under Section 4461 and Imported Substance Tax Under Section               
            4671..................................................................................    1545-AL73 
3203        26 USC 6045  Magnetic Media Filing Requirements.......................................    1545-AU48 
3204        26 USC 6302  Railroad Unemployment Repayment Tax......................................    1545-AN40 
3205        26 USC 6662  Definition of Reasonable Basis...........................................    1545-AU38 
3206        26 USC 7518  Interim Fishing Vessel Capital Construction Fund Procedures..............    1545-AS69 
3207        26 USC 7805  Extension of Statute of Limitations in John Doe Summons Disputes.........    1545-AM67 
3208        26 USC 7805  Suspension of Running of Period of Limitations During Proceeding To                    
            Enforce Designated Summons............................................................    1545-AQ01 
3209        26 USC 7805  Technical Corrections for Chapter 14.....................................    1545-AR49 
3210        26 USC 7805  Disclaimer of Interests and Power........................................    1545-AR52 
3211        26 USC 7805  Guidance for Air Cargo Carriers..........................................    1545-AT30 
3212        26 USC 7805  Qualified Transportation Fringe..........................................    1545-AT45 
3213        26 USC 7805  Effect of the Family and Medical Leave Act on the Operation of Cafeteria               
            Plans.................................................................................    1545-AT47 
3214        26 USC 7805  Pass Through Items of S Corporation to Its Shareholders..................    1545-AT52 
3215        26 USC 7805  Property Distributed in Kind and Treatment of Multiple Trusts............    1545-AT68 
3216        26 USC 7805  Amortization-Goodwill Intangibles 197....................................    1545-AT70 
3217        26 USC 7805  To Add Provisions Relating to Start-Up Expenditures......................    1545-AT71 
3218        26 USC 7805  Effective Date of Temporary Backup Withholding Regulations...............    1545-AT77 
3219        26 USC 7805  Timing of Notice and Consent Requirements................................    1545-AU05 
3220        26 USC 7805  Modification of Bad Debts and Dealer Assignments of Notional Principal                 
            Contracts.............................................................................    1545-AU06 
3221        26 USC 7805  Bond Premium Amortization................................................    1545-AU09 
3222        26 USC 7805  Members of LLC Classified as a Partnership for Federal Tax Purposes That               
            Are Treated as Limited Partners for Purposes of Section 1402(a)(13) of the Code.......    1545-AU24 
3223        26 USC 7805  Section 468A Revised Schedules of Ruling Amounts.........................    1545-AU28 
3224        26 USC 7805  Payment From the Presidential Primary Matching Payment Account...........    1545-AU57 
3225        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   
----------------------------------------------------------------------------------------------------------------
3226        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 
3227        26 USC 0062  Club Dues Under Section 274..............................................    1545-AS74 
3228        26 USC 0141  Definition of ``Private Activity Bond'', ``Qualified Bond''..............    1545-AM01 
3229        26 USC 0168  Like-Kind Exchanges Involving Tax-Exempt Use Property: Lease Term........    1545-AT33 
3230        26 USC 0171  Bond Premium Amortization................................................    1545-AU02 
3231        26 USC 0351  Section 351(e): Diversification..........................................    1545-AT43 

[[Page 62979]]

                                                                                                                
3232        26 USC 0367  Certain Corporate Distributions to Foreign Corporations..................    1545-AL35 
3233        26 USC 0367  Treatment of section 355 distribution by US corporations to Foreign                    
            Persons...............................................................................    1545-AU23 
3234        26 USC 0382  Regulations Under Section 382 of the 1986 IRC; Application of Section 382              
            in Short Taxable Years and With Respect to Controlled Groups..........................    1545-AU37 
3235        26 USC 0482  Revision of Section 482; Cost-Sharing Regulations........................    1545-AU20 
3236        26 USC 0584  Merger or Division of Common Trust Funds--Section 584....................    1545-AQ64 
3237        26 USC 0882  Computation of Interest Expense Deduction................................    1545-AL84 
3238        26 USC 0884  Amendments to the Branch Profits Tax Under Sections 884 and 864..........    1545-AQ58 
3239        26 USC 0936  Section 936 Regulations..................................................    1545-AR18 
3240        26 USC 1001  Modifications of Debt Instruments........................................    1545-AR04 
3241        26 USC 1275  Contingent and Variable Debt Instruments.................................    1545-AQ86 
3242        26 USC 1275  Debt Instruments With Original Issue Discount: Anti-Abuse Rule...........    1545-AS35 
3243        26 USC 1441  General Revision of Section 1441 Regulations.............................    1545-AO27 
3244        26 USC 1502  Member Stock Transactions................................................    1545-AT51 
3245        26 USC 1502  Member Stock Transactions................................................    1545-AU03 
3246        26 USC 1502  Consolidated Returns--Limitations on the Use of Certain Losses, and                    
            Deductions............................................................................    1545-AU35 
3247        26 USC 1502  Regulations Under Section 1502of the IRC of 1980; Limitations on Net                   
            Operating Loss Carryforwards and Certain Built-in Losses and Credits Following an                   
            Ownership Change of a Consolidated Group..............................................    1545-AU36 
3248        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 
3249        26 USC 3406  Information Reporting and Backup Withholding.............................    1545-AL99 
3250        26 USC 4081  Diesel Fuel Excise Tax...................................................    1545-AR92 
3251        26 USC 4251  Communications Tax Regulations...........................................    1545-AP67 
3252        26 USC 6011  Reporting on Nonpayroll Withheld Tax Liabilities.........................    1545-AT86 
3253        26 USC 6109  Amendment to Section 6109 Regulations....................................    1545-AS83 
3254        26 USC 6114  Revision of Section 6114 Regulations.....................................    1545-AT00 
3255        26 USC 6662  Definition of Reasonable Basis...........................................    1545-AT88 
3256        26 USC 7503  Update of List of Legal Holidays for Purposes of Time for Performance of               
            Acts..................................................................................    1545-AT22 
3257        26 USC 7701  Environmental Settlement Funds--Classification 7701......................    1545-AT02 
3258        26 USC 7805  Modifications of Bad Debts and Dealer Assignments of Notional Principal                
            Contracts.............................................................................    1545-AT14 
3259        26 USC 7805  Treatment of Underwriters in Section 351 and Section 721.................    1545-AT55 
3260        26 USC 7805  Extension of 45-day Interest-Free Period for Refunds of Overpayments of                
            Tax...................................................................................    1545-AU04 
3261        26 USC 7805  Extension of Time for Making Certain Elections...........................    1545-AU41 
----------------------------------------------------------------------------------------------------------------


                                   Office of Thrift Supervision--Prerule Stage                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3262        12 CFR 545  Deposits and Electronic Banking...........................................    1550-AB00 
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3263        12 CFR 566  Liquidity.................................................................    1550-AA77 
3264        12 CFR 543  Community Reinvestment Act Hearing Procedures.............................    1550-AA83 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3265        12 CFR 563  Capital Distributions.....................................................    1550-AA72 
3266        12 CFR 543  ''De Novo'' Applications for a Federal Savings Association Charter........    1550-AA76 

[[Page 62980]]

                                                                                                                
3267        12 CFR 567  Risk-Based Capital Requirements, Small Business Loan Recourse Obligations.    1550-AA81 
3268        12 CFR 543  Regulatory Review: Corporate Governance...................................    1550-AA87 
3269        12 CFR 545  Regulatory Review: Subsidiaries...........................................    1550-AA88 
3270        12 CFR 545  Regulatory Review: Conflicts of Interest and Usurpation of Corporate                    
            Opportunity...........................................................................    1550-AA89 
3271        12 CFR 567  Risk-Based Capital Standards; Collateralized Transactions.................    1550-AA98 
3272        12 CFR 502  Regulatory Citations to Uniform Financial Institutions Rating System......    1550-AA99 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Long-Term Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3273        12 CFR 567  Risk-Based Capital Standards--Recourse Obligations........................    1550-AA70 
3274        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   
----------------------------------------------------------------------------------------------------------------
3275        12 CFR 509  Uniform Rules of Practice and Procedure...................................    1550-AA79 
3276        12 CFR 563  Flood Insurance...........................................................    1550-AA86 
3277        12 CFR 545  Lending and Investment (Formerly RIN 1550-AA91)...........................    1550-AA94 
3278        12 CFR 563f  Management Official Interlocks...........................................    1550-AA95 
3279        12 CFR 563e  Community Reinvestment Act Regulations...................................    1550-AA96 
3280        12 CFR 570  Interagency Guidelines Establishing Standards for Safety and Soundness....    1550-AA97 
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2837. 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                            10/00/96
NPRM Comment Period End         01/00/97
Final Action                    03/00/97
Final Action Effective          03/00/97
Begin Review                    03/00/97
End Review                      03/00/97

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
_______________________________________________________________________




2838. 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

[[Page 62981]]

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                            12/00/96

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)



_______________________________________________________________________




2839. 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: The Department of the Treasury is issuing a temporary rule 
for public comment to implement two new programs that will be 
administered by the Community Development Financial Institutions (CDFI) 
Fund: the CDFI Program and the Bank Enterprise Award (BEA) Program. 
These programs were authorized by the Community Development Banking and 
Financial Institutions Act of 1994. The CDFI Program will provide 
financial and technical assistance to selected applicants in order to 
enhance their ability to make loans and investments and provide 
services for the benefit of designated investment areas and targeted 
populations. The purpose of the BEA Program is to encourage insured 
depository institutions to engage in certain eligible development 
activities within distressed communities and to make equity investments 
in CDFIs. The regulations establish eligibility criteria and 
application procedures for financial assistance through these programs. 
The regulations also establish the appropriate environmental review 
procedures for these two programs.

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                    02/00/97

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
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Departmental Offices (DO)



_______________________________________________________________________




2840. AMENDMENTS UNDER THE GOVERNMENT SECURITIES ACT; LARGE POSITION 
REPORTING

Priority:  Other Significant

CFR Citation:  17 CFR 400; 17 CFR 420

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - (Implementation 
Date 03/31/97)                  09/12/96                    61 FR 48338
Final Action Effective          10/15/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ken Papaj
Phone: 202 219-3632

RIN: 1505-AA53
_______________________________________________________________________




2841. COLOR ILLUSTRATION OF U.S. CURRENCY

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 411

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/31/96                    61 FR 27280
Final Action Effective          05/31/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Mulligan
Phone: 202 435-5771

RIN: 1505-AA69
_______________________________________________________________________




2842. EMPLOYEE RESPONSIBILITIES AND CONDUCT

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 1505

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Rulemaking Discontinued         09/03/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Richard S. Carro
Phone: 202 622-1146
Fax: 202 622-1188

RIN: 1505-AA72

[[Page 62982]]

_______________________________________________________________________




2843. EXEMPTION OF SYSTEM OF RECORDS FROM PRIVACY ACT PROVISIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 1503.13

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Rulemaking Discontinued         09/03/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Richard S. Carro
Phone: 202 622-1146
Fax: 202 622-1188

RIN: 1505-AA73
BILLING CODE 4810-25-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2844. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DEFINITIONS

Priority:  Info./Admin./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                            02/00/97

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
_______________________________________________________________________




2845. 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                            02/00/97

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
_______________________________________________________________________




2846. 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                            02/00/97

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
_______________________________________________________________________




2847. 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                            02/00/97

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

[[Page 62983]]

Phone: 202 622-0400

RIN: 1506-AA09
_______________________________________________________________________




2848. 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                            02/00/97

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
_______________________________________________________________________




2849. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING 
OF CROSS-BORDER TRANSPORTATION OF CERTAIN MONETARY 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                            11/00/96

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
_______________________________________________________________________




2850.  AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING 
REPORTING AND RECORDKEEPING BY CARD CLUBS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 5312

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This NPRM proposes to include within the definition of 
``financial institution'' those gaming establishments commonly known as 
``card clubs.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/97

Small Entities Affected: None

Government Levels Affected: Tribal

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-AA18
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2851. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--EXEMPTIONS FROM THE 
REQUIREMENT TO REPORT TRANSACTIONS IN CURRENCY

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 rule exempts depository institutions from the currency 
transaction reporting obligations of 31 USC 5313 with respect to 
transactions with other depository institutions, Government entities, 
and certain businesses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/24/96                    61 FR 18204
Interim Final Rule Effective    05/01/96
Interim Final Rule Comment 
Period End                      08/01/96
Final Action                    01/00/97

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

[[Page 62984]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2852. 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.

CFR Citation:  31 CFR 103

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Merged With RIN 1506-AA11       04/24/96                    61 FR 18204

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis
Phone: 202 622-0400

RIN: 1506-AA10
_______________________________________________________________________




2853. 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

CFR Citation:  31 CFR 103

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/01/96                    61 FR 14382
Final Action Effective          05/28/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis
Phone: 202 622-0400

RIN: 1506-AA16
_______________________________________________________________________




2854. AMENDMENT TO BANK SECRECY ACT REGULATIONS RELATING TO ORDERS FOR 
TRANSMITTALS OF FUNDS BY BANKS AND OTHER FINANCIAL INSTITUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 103

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/01/96                    61 FR 14386
Final Action Effective          05/28/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis
Phone: 202 622-0400

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


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2855. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE

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 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                            12/00/96

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Cynthia L. Johnson, Director, 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
_______________________________________________________________________




2856. ACCEPTANCE OF BONDS SECURED BY GOVERNMENT OBLIGATIONS IN LIEU OF 
BONDS WITH SURETIES

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 9301; 31 USC 9303; 12 USC 391

CFR Citation:  31 CFR 225

Legal Deadline: None

Abstract: This regulation was last updated in 1969. 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. In addition, this proposed rule provides that in the 
event of a default, the proceeds from the sale of pledged Government 
obligations will be available to satisfy any claim of the United 
States. This is an expansion of the current rule which limits the 
application of the proceeds to damages arising out of the default.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

[[Page 62985]]

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
_______________________________________________________________________




2857. TREASURY TAX AND LOAN DEPOSITARIES AND PAYMENT OF FEDERAL TAXES

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 supplement the current Treasury Tax and Loan Tax 
Deposit system. This revision will add the necessary rules for 
financial institutions and Federal Reserve Banks regarding processing 
Federal taxes using electronic funds transfer mechanisms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Matolak, 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: 202 874-6846

RIN: 1510-AA37
_______________________________________________________________________




2858. RULES AND PROCEDURES FOR FUNDS TRANSFERS

Priority:  Substantive, Nonsignificant

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

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

CFR Citation:  31 CFR 205

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: State, Federal

Agency Contact: Aurora Kassalow, 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: 202 874-5742

RIN: 1510-AA38
_______________________________________________________________________




2859. 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 also will 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                            10/00/96

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
_______________________________________________________________________




2860. 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; 12 USC 90; 12 
USC 265

CFR Citation:  31 CFR 226

Legal Deadline: None

Abstract: This regulation prescribes Treasury's program for recognizing 
qualified state sponsored insurance organizations as insurers of public 
funds held in financial institutions

[[Page 62986]]

designated by Treasury as depositaries of public monies. The need for 
this regulation is being reviewed because it applies to few financial 
institutions: approximately 20 of the 12,000 depositaries will be 
affected by removal of this rule. These financial institutions may move 
to another insurer or may secure these deposits through the pledge of 
collateral.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/97

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, 401 14th St. SW., Room 420, Washington, 
DC 20227
Phone: 202 874-7106

RIN: 1510-AA53
_______________________________________________________________________




2861.  FEDERAL CLAIMS COLLECTION STANDARDS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3711

CFR Citation:  4 CFR 101 to 105

Legal Deadline: None

Abstract: The Federal Claims Collection Standards prescribe basic 
standards for Federal agencies for collection of non-tax claims. The 
standards were originally published in 1984 jointly by the Department 
of Justice and the General Accounting Office. The Department of the 
Treasury has been added as a co-signor by the Debt Collection 
Improvement Act of 1996 (Act). This revision is being made to simplify 
the language of the original standards, and to incorporate changes made 
by the Act. The language mirrors the statutory language concerning such 
topics as disbursing official offset, cross-servicing of debts, 
interest and penalties on claims, and contracts for collection 
services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg, Financial Program Specialist, 
Department of the Treasury, Financial Management Service, 401 14th St. 
SW., Room 151, Washington, DC 20227
Phone: 202 874-6600

RIN: 1510-AA57
_______________________________________________________________________




2862.  DEBT COLLECTION AUTHORITIES UNDER THE DEBT COLLECTION 
IMPROVEMENT ACT

Priority:  Substantive, Nonsignificant

Legal Authority:  PL 101-134; 31 USC 3701

CFR Citation:  31 CFR 285

Legal Deadline: None

Abstract: This regulation will implement several provisions of the Debt 
Collection Improvement Act of 1996 which specifically authorized the 
Secretary of the Treasury to promulgate regulations. The rule may cover 
disbursing official offset, cross-servicing of debt by agencies within 
the Federal government, obtaining taxpayer identifying numbers, wage 
garnishment, debt sales by Federal agencies and publication of debtor 
information.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96
NPRM Comment Period End         02/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Gerry Isenberg, Financial Program Specialist, 
Department of the Treasury, Financial Management Service, 401 14th St. 
SW., Room 151, Washington, DC 20227
Phone: 202 874-6859

RIN: 1510-AA58
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2863. PAYMENT TO FINANCIAL INSTITUTIONS FOR CREDIT TO ACCOUNTS OF 
EMPLOYEES AND BENEFICIARIES

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 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                    01/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donald Clark, Financial Program Specialist, Cash

[[Page 62987]]

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
_______________________________________________________________________




2864. 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 90; 12 USC 265; 12 USC 266; 12 USC 391; 12 USC 
1464(k); 12 USC 1789a; 12 USC 3101; 12 USC 3102

CFR Citation:  31 CFR 202

Legal Deadline: None

Abstract: This regulatory action revises regulations governing the 
designation of Depositaries and Financial Agents of the Government; 
their authorization to accept deposits of public money and perform 
other specific services; and the securing of public money. The proposed 
revisions update, clarify, and simplify current requirements, but do 
not change them. Outdated references to specific acceptable insurers 
are deleted. Existing language concerning the types and valuation of 
acceptable collateral securities and the authorization for depositaries 
to perform services other than acceptance of insured deposits is 
clarified. In addition, various references are updated.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/21/96                    61 FR 31879
NPRM Comment Period End         08/05/96
Final Action                    10/00/96

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
_______________________________________________________________________




2865. 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; 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 an 
amount commensurate with immediate disbursing need.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/96                     61 FR 2750
NPRM Comment Period End         02/28/96
Final Action                    10/00/96

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Gerard Bauer, Senior Advisor, International Funds 
Branch, Department of the Treasury, Financial Management Service, Room 
5A19, PGCII, 3700 East West Highway, Hyattsville, MD 20782
Phone: 202 874-8923

RIN: 1510-AA48
_______________________________________________________________________




2866. 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 Treasury 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                    10/00/96

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
_______________________________________________________________________




2867.  MANAGEMENT OF FEDERAL AGENCY DISBURSEMENTS

Regulatory Plan:  This entry is Seq. No. 90 in Part II of this issue of 
the Federal Register.

RIN: 1510-AA56

[[Page 62988]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Financial Management Service (FMS)



_______________________________________________________________________




2868. 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.

CFR Citation:  31 CFR 256

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/96                      61 FR 552
NPRM Comment Period End         02/07/96


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jennifer Fitzmaurice
Phone: 202 874-8740

RIN: 1510-AA52
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Financial Management Service (FMS)



_______________________________________________________________________




2869. MANAGEMENT OF FEDERAL AGENCY RECEIPTS, DISBURSEMENTS, AND 
OPERATION OF THE CASH MANAGEMENT IMPROVEMENTS FUND

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined
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 206

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn Rendered moot by Publ. 
L. 104-134                      04/26/96

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Aurora Kassalow
Phone: 202 874-5742

RIN: 1510-AA47
_______________________________________________________________________




2870. 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.

CFR Citation:  31 CFR 224

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/29/96                    61 FR 26839
Final Action Effective          06/28/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dorothy Martin
Phone: 202 874-6850

RIN: 1510-AA49
_______________________________________________________________________




2871. 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.

CFR Citation:  31 CFR 235

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn Review indicated 
changes not necessary           08/20/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephanie Murray
Phone: 202 874-8445

RIN: 1510-AA50
_______________________________________________________________________




2872. DEPOSITARIES FOR FEDERAL TAXES

Priority:  Info./Admin./Other

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

CFR Citation:  31 CFR 214

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/26/96                    61 FR 43656
Final Action Effective          09/25/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donald Clark
Phone: 202 874-7106

RIN: 1510-AA54
_______________________________________________________________________




2873.  DELIVERY OF CHECKS AND WARRANTS TO ADDRESSES OUTSIDE THE 
UNITED STATES, ITS TERRITORIES AND POSSESSIONS

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 3329; 5 USC 301

CFR Citation:  31 CFR 211

Legal Deadline: None

Abstract: This final rule revised the regulations governing the 
delivery of Treasury checks outside the United States by removing the 
reference to Vietnam. With the resumption of diplomatic relations, 
there is reasonable assurance that payees residing in Vietnam will 
receive and be able to negotiate Treasury checks for full value. An 
additional revision contained in this rule updated a reference to the 
Department of Veterans Affairs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/12/96                    61 FR 41739
Final Action Effective          08/12/96

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: William S. Mehr, Manager, Administrative Services 
Branch, Department of the Treasury, Financial Management Service, 401 
14th St. SW., Washington, DC 20227

[[Page 62989]]

Phone: 202 874-6932

RIN: 1510-AA55
BILLING CODE 4810-35-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2874. 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
ANPRM                           08/09/96                    61 FR 41500
ANPRM Comment Period End        12/10/96
NPRM                            04/00/97

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
_______________________________________________________________________




2875. LABELING AND ADVERTISING OF MALT BEVERAGES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 5412; 27 USC 205(e); 27 USC 205(f)

CFR Citation:  27 CFR 7; 27 CFR 25

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. ATF is also considering whether to require 
the actual place of production of a malt beverage be shown as mandatory 
information on labels.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           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-AB45
_______________________________________________________________________



EXPLOSIVES


                    ________________________________



2876.  EXPLOSIVES MATERIALS IN THE FIREWORKS INDUSTRY

Regulatory Plan:  This entry is Seq. No. 91 in Part II of this issue of 
the Federal Register.

RIN: 1512-AB48
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2877. 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 06/13/96 (61 FR 
29952)

Malibu-Newton Canyon, CA (contact David Brokaw)  NPRM 12/22/95 (60 FR 
66535)  Comment Period End 02/20/96  Final Rule 06/13/96 (61 FR 29949)

Mendocino Ridge, CA (contact David Brokaw)  NPRM 12/00/96

Redwood Valley, CA (contact David Brokaw)  NPRM 09/03/96 (61 FR 
46403)  Comment Period End 10/18/96  Final Rule 12/00/96

San Francisco Bay, CA (contact David Brokaw)  NPRM 12/00/96

Texas Davis Mountains, TX (contact Marj Ruhf)  NPRM 12/00/96

Yorkville Highland, CA (contact Marj Ruhf)  NPRM 12/00/96

Small Entities Affected: None

Government Levels Affected: None

[[Page 62990]]

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
_______________________________________________________________________




2878. 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                            06/00/97

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
_______________________________________________________________________




2879. 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                            12/00/96
Final Action                    03/00/97

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
_______________________________________________________________________




2880. 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                            06/00/97

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
_______________________________________________________________________




2881. 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                            11/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

[[Page 62991]]

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
_______________________________________________________________________




2882. REVISION OF BREWERY REGULATIONS AND ISSUANCE OF REGULATIONS FOR 
TAVERNS ON BREWERY PREMISES (BREWPUBS)

Regulatory Plan:  This entry is Seq. No. 92 in Part II of this issue of 
the Federal Register.

RIN: 1512-AB37
_______________________________________________________________________




2883.  DISTRIBUTION OF DENATURED ALCOHOL AND RUM

Priority:  Substantive, Nonsignificant

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

Legal Authority:  26 USC 5001; 26 USC 5206; 26 USC 5214; 26 USC 5241 to 
5252

CFR Citation:  27 CFR 20

Legal Deadline: None

Abstract: ATF is conducting a complete review of all Federal Government 
regulations relating to the distribution and use of denatured alcohol 
and rum. ATF believes that the regulations can be modernized and 
simplified since the last major revision in 1985. ATF is issuing this 
advance notice to solicit comments on ways in which the regulations can 
be simplified so as to greatly reduce or eliminate unnecessary 
regulatory burdens on industry members while continuing to provide 
adequate protection of the revenue.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/13/96                    61 FR 30019
ANPRM Comment Period End        08/12/96
NPRM                            11/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Mary Wood, 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-AB57
_______________________________________________________________________




2884.  DISTILLED SPIRITS PLANT REGULATORY INITIATIVE PROPOSAL

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 19.11; 27 CFR 19.49; 27 CFR 19.153; 27 CFR 19.201 
to 206; 27 CFR 19.311; 27 CFR 19.454; 27 CFR 19.605; 27 CFR 19.770; 27 
CFR 19.1001; 27 CFR 19.1003; 27 CFR 19.1010

Legal Deadline: None

Abstract: ATF is proposing changes to the distilled spirits plant 
regulations to implement the Administration's Reinventing Government 
effort to reduce the regulatory burden and streamline requirements. ATF 
believes these proposed changes will benefit distilled spirits plant 
proprietors and other industry members by enabling them to operate more 
easily and with less regulatory oversight from the government.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1512-AB58
_______________________________________________________________________



EXPLOSIVES


                    ________________________________



2885.  COMMERCE IN EXPLOSIVES

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:  18 USC 842; 18 USC 846; 18 USC 847

CFR Citation:  27 CFR 55

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms proposes to amend 
the regulations in 27 CFR part 55 to: 1) require the explosives 
industry to notify local law enforcement officials and fire departments 
of sites where explosives are stored or manufactured; 2) increase 
license and permittees; 3) eliminate manufacturer limited license; 4) 
amend the definitions of ``fireworks'', ``fireworks or process 
building'', and ``highway''; and 5) amend the American table of 
distances to conform with the explosive industry's latest revisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Gail Hosey, Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8310
Fax: 202 927-7488

RIN: 1512-AB55
_______________________________________________________________________



FIREARMS


                    ________________________________



2886. 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

[[Page 62992]]

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
NPRM                            07/29/96                    61 FR 39372
Interim Final Rule              07/29/96                    61 FR 39320
NPRM Comment Period End         10/28/96
Final Action                    01/00/97

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
_______________________________________________________________________




2887. 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                            09/06/96                    61 FR 47095
NPRM Comment Period End         12/05/96
Final Action                    02/00/97

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
_______________________________________________________________________




2888. MANUFACTURERS 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                            07/16/96                    61 FR 37022
Interim Final Rule              07/16/96                    61 FR 37005
NPRM Comment Period End         10/15/96
Final Action                    01/00/97

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
_______________________________________________________________________




2889.  FIREARMS AND AMMUNITION EXCISE TAXES PARTS AND 
ACCESSORIES

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 53.61(b)

Legal Deadline: None

Abstract: This notice proposes regulations to clarify which parts and 
accessories must be included in the sale price when calculating the tax 
on firearms. More precise definitions should help taxpayers accurately 
compute their taxes and avoid underpayments, penalties and interest.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

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: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB49
_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2890. 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

[[Page 62993]]

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                            11/00/96

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


                    ________________________________



2891. 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. Further action deferred due to 
pending litigation in U.S. District Court.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/05/94                    59 FR 15878
NPRM Comment Period End         07/05/94
Final Action                    12/00/96

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
_______________________________________________________________________




2892. 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                    12/00/96

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
_______________________________________________________________________




2893. 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                    06/00/97

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: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB34

[[Page 62994]]

_______________________________________________________________________




2894. 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 58311
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                    12/00/96

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
_______________________________________________________________________




2895. 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                            06/13/96                    61 FR 30015
NPRM Comment Period End         09/11/96
Final Action                    12/00/96

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
_______________________________________________________________________




2896.  DISTRIBUTION AND USE OF TAX-FREE ALCOHOL

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 5001; 26 USC 5121; 26 USC 5142; 26 USC 5143; 
26 USC 5146; 26 USC 5206; 26 USC 5214; 26 USC 5271 to 5276; 26 USC 
5311; 26 USC 5552

CFR Citation:  27 CFR 22.21; 27 CFR 22.25 to 22.27; 27 CFR 22.43; 27 
CFR 22.59; 27 CFR 22.60; 27 CFR 22.62; 27 CFR 22.63; 27 CFR 22.68; 27 
CFR 22.152

Legal Deadline: None

Abstract: This proposal is being issued to revise, eliminate, and 
liberalize certain regulatory requirements relating to tax-free 
alcohol. ATF believes that these proposed revisions will greatly reduce 
and simplify the qualification process governing the tax- free alcohol 
permit application process.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 30019
NPRM Comment Period End         08/12/96
Final Action                    11/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary Wood, 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-AB51
_______________________________________________________________________




2897.  PRODUCTION OF VOLATILE FRUIT FLAVORED CONCENTRATE

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 5001; 26 USC 5172; 26 USC 5178; 26 USC 5179; 
26 USC 5203; 26 USC 5511; 26 USC 5552; 26 USC 6065; 26 USC 7805; 44 USC 
3504(h)

CFR Citation:  27 CFR 18.56

Legal Deadline: None

Abstract: The proposed amendment would specifically authorize the 
transfer of volatile fruit-flavor concentrate (VFFC) unfit for beverage 
use from one VFFC plant to another for further processing. The proposed 
amendment would clarify the regulations in order to allow greater 
flexibility in the production processes of VFFC plants.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 30017
NPRM Comment Period End         08/12/96
Final Action                    11/00/96

Small Entities Affected: None

Government Levels Affected: None

[[Page 62995]]

Agency Contact: Mary Wood, 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-AB59
_______________________________________________________________________




2898.  FORMULAS FOR DENATURED ALCOHOL AND RUM

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(a); 26 USC 5242; 26 USC 7805

CFR Citation:  27 CFR 21.3; 27 CFR 21.6; 27 CFR 21.11; 27 CFR 21.21; 27 
CFR 21.31 to 21.34; 27 CFR 21.56; 27 CFR 21.65; 27 CFR 21.76; 27 CFR 
21.91; 27 CFR 21.95 to 21.97

Legal Deadline: None

Abstract: This document proposes to amend part 21 to incorporate 
denaturants that have been approved pursuant to such applicants but not 
yet published in this part, as well as to clarify the regulations where 
necessary. Additionally, this document proposes to make a technical 
correction to the wording of section 21.91 by replacing ``of'' with 
``or''.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/31/96                    61 FR 39929
NPRM Comment Period End         09/30/96
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary Wood, 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-AB60
_______________________________________________________________________



FIREARMS


                    ________________________________



2899. 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
_______________________________________________________________________



PROCEDURAL


                    ________________________________



2900. 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                    01/00/97

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
_______________________________________________________________________




2901.  RECODIFICATION OF STATEMENT PROCEDURAL 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:  18 USC 847; 18 USC 926; 26 USC 7805; 27 USC 201 to 
219(a)

CFR Citation:  27 CFR 70

Legal Deadline: None

Abstract: ATF is proposing to revise and recodify the statement of 
procedural rules for ease of use.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 30013
NPRM Comment Period End         08/12/96
Final Action                    12/00/96

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-AB54
_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2902.  MANUFACTURE OF TOBACCO PRODUCTS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing

[[Page 62996]]

Government effort. It will eliminate existing text in the CFR.

Legal Authority:  26 USC 5142; 26 USC 5143; 26 USC 5146; 26 USC 5701; 
26 USC 5703 to 5705; 26 USC 5711 to 5713; 26 USC 5721 to 5723; 26 USC 
5731; 26 USC 5741

CFR Citation:  27 CFR 270; 27 CFR 275; 27 CFR 285; 27 CFR 295

Legal Deadline: None

Abstract: This final rule revises and codifies the regulations 
governing the operations of cigarette papers and tubes manufactures. 
The regulations currently under 27 CFR part 285 are reissued as 27 CFR 
part 270, Subpart K. This final rule also clarifies the term ``set'' as 
it is applied to cigarette papers, and eliminates certain obsolete 
terms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1512-AB52
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________




2903. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/20/96                    61 FR 31399
Final Action Effective          08/19/96

Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1512-AA20
_______________________________________________________________________




2904. NEW WINE TREATING MATERIALS AND PROCESSES

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 24.246; 27 CFR 24.248

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/09/96                    61 FR 21076
Final Action Effective          07/08/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert White
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB26
_______________________________________________________________________




2905. 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.

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/24/96                    61 FR 26096
Final Action Effective          05/24/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David Brokaw
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB43
_______________________________________________________________________




2906. 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.

CFR Citation:  27 CFR 70; 27 CFR 170

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/19/96                    61 FR 31029
Final Action Effective          09/17/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Daniel Hiland
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB44
_______________________________________________________________________




2907. 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.

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; ...

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/08/96                    61 FR 20721
Final Action Effective          05/08/96
Final Action                    07/16/96                    61 FR 37002
Final Action Effective          07/16/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Angela Shanks
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB47

[[Page 62997]]

_______________________________________________________________________




2908.  TECHNICAL AMENDMENTS TO PART 200

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 204

CFR Citation:  27 CFR 200

Legal Deadline: None

Abstract: These amendments are intended to provide uniformity and 
improve the clarity of part 200.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/13/96                    61 FR 29956
Final Action Effective          06/13/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Julie Cox, Technical Aide, 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-AB56
_______________________________________________________________________




2909.  IMPLEMENTATION OF PROVISIONS OF PUBLIC LAW 104-132, THE 
ANTITERRORISM AND EFFECTIVE DEATH PENALTY ACT OF 1996

Priority:  Substantive, Nonsignificant

Legal Authority:  18 USC 842 to 847

CFR Citation:  27 CFR 55

Legal Deadline:  Final, Statutory, August 22, 1996.

Abstract: This final rule implements certain provisions of Pub. L. 104-
132, the Antiterrorism and Effective Death Penalty Act of 1996. These 
regulations implement the law by requiring that all persons possessing 
plastic explosives on the date of enactment report the quantity of such 
explosives possessed and certain other information to the Director 
within 120 days after the date of enactment. Public Law 104-132 was 
enacted on April 24, 1996. The deadline for reporting plastic 
explosives was August 22, 1996.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/23/96                    61 FR 38084
Final Action Effective          07/23/96

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Tribal

Agency Contact: Gail Hosey, Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8310
Fax: 202 927-7488

RIN: 1512-AB61
_______________________________________________________________________




2910.  STATEMENT OF PROCEDURAL RULES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  5 USC 301; 5 USC 552

CFR Citation:  27 CFR 70.701; 27 CFR 70.702; 27 CFR 70.802; 27 CFR 
70.803; 27 CFR 71

Legal Deadline: None

Abstract: To remove regulations in 27 CFR part 71, Statement of 
Procedural Rules, which are duplicated in 31 CFR part 1, Disclosure of 
Records. It also transfers certain regulations from 27 CFR part 71 to 
27 CFR part 70, resulting in the elimination of part 71.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/13/96                    61 FR 29954
Final Action Effective          08/12/96

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-AB53
BILLING CODE 4810-31-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2911. 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) two rules on recourse 
arrangements ((a) recourse arrangements and direct credit substitutes; 
and (b) small business loans); and (4) technical and conforming 
amendments under CDRIA section 303.

Timetable:

Collateralized Transactions  NPRM 08/16/96 (61 FR 42565)  Final Rule 
12/00/96

Market Risk  NPRM 03/07/96 (61 FR 9114)  NPRM Comment Period End 04/08/
96  Final Rule 09/06/96 (61 FR 47358)

Mortgage Servicing Rights  Interim Rule 08/01/95 (60 FR 39226)  NPRM 
12/00/96

Recourse: Recourse and Direct Credit Substitutes  ANPRM/NPRM 05/25/94 
(59 FR 27116)  Final Rule 12/00/96

[[Page 62998]]

Recourse: Small Business Loans  Interim Rule 09/13/95 (60 FR 
47455)  Final Rule 12/00/96

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
_______________________________________________________________________




2912. 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 will reduce assessments for national banks in 
a bank holding company, other than the largest national bank, by 12 
percent. The OCC will consider additional changes to assessments and 
fees in subsequent rulemakings.

Timetable:

Assessments Review  NPRM 03/00/97

Trust Fees  Interim Rule 11/18/94 (59 FR 59640)  Final Rule 03/00/97

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, Assistant Director, 
Legislative and Regulatory Activities Division, (202)874-5090, fax 
(202)874-4889, 250 E Street SW., Washington, DC 20219.

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

RIN: 1557-AB41
_______________________________________________________________________




2913. 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 and the Federal 
Deposit Insurance Corporation, 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 ensure 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                            11/00/96

Small Entities Affected: None

Government Levels Affected: None

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
_______________________________________________________________________




2914. TESTING REQUIREMENTS FOR BANK EMPLOYEES SELLING NON-DEPOSIT 
INVESTMENT PRODUCTS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1818; 12 USC 1831p-1

CFR Citation:  12 CFR 12

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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

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, Assistant Director, 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
_______________________________________________________________________




2915.  EXPANDED EXAMINATION CYCLE FOR CERTAIN SMALL FINANCIAL 
INSTITUTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1820(d)(8)

CFR Citation:  12 CFR 4

Legal Deadline: None

Abstract: The OCC expects to issue a notice of proposed rulemaking that 
would implement section 306 of the Riegle Community Development and 
Improvement Act of 1994, Pub. L. 103-325 (Sept. 23, 1994) (CDRI section 
306). CDRI section 306 permits the agencies to raise the dollar 
threshold for institutions eligible for an expanded, 18-month 
examination schedule. Certain small financial institutions would become 
eligible for an examination every 18 months rather than every 12 
months.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Daniel Cooke, Attorney, 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-AB56

[[Page 62999]]

_______________________________________________________________________




2916.  RULES OF PRACTICE AND PROCEDURE

Priority:  Substantive, Nonsignificant

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(a); 12 USC 3909; 15 USC 78(h); 15 
USC 78(i); ...

CFR Citation:  12 CFR 19

Legal Deadline:  Final, Statutory, October 23, 1996.

Abstract: This rule will index the OCC's civil money penalties to 
changes in inflation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1557-AB57
_______________________________________________________________________




2917.  INTERNATIONAL LENDING SUPERVISION

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1; 12 USC 93a; 12 USC 161; 12 USC 1818; 12 USC 
3901

CFR Citation:  12 CFR 28

Legal Deadline: None

Abstract: This regulation will update and streamline the requirements 
of the International Lending Supervision Act of 1983.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Nancy Michaleski, Assistant Director, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB58
_______________________________________________________________________




2918.  TREATMENT OF FINANCIAL CONTRACTS BY OCC-APPOINTED 
RECEIVERS AND CONSERVATORS FOR UNINSURED FINANCIAL INSTITUTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a; 12 USC 192; 12 USC 206; 12 USC 3108

CFR Citation:  Not yet determined

Legal Deadline: None

Abstract: This regulation will clarify that financial contracts with 
uninsured Federal institutions that are chartered or licensed by the 
OCC may be enforced pursuant to their terms and that rights with 
respect to collateral security will not be stayed, delayed, or hindered 
notwithstanding the appointment of a receiver or conservator by the 
OCC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Nancy Michaleski, Assistant Director, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB59
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2919. 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                    11/00/96

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

[[Page 63000]]

& Regulatory Activities, Division, 250 E Street SW., Washington, DC 
20219
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB12
_______________________________________________________________________




2920. INVESTMENT SECURITIES REGULATION; 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                    11/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stuart Feldstein, Assistant Director, 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
_______________________________________________________________________




2921. 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; 12 USC 93a

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                    12/00/96

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, Assistant Director, 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
_______________________________________________________________________




2922. 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                    11/00/96

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
_______________________________________________________________________




2923. GOVERNMENT SECURITIES SALES PRACTICES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1 et seq; 12 USC 93a; 15 USC 78o-5

CFR Citation:  12 CFR 13

[[Page 63001]]

Legal Deadline: None

Abstract: The OCC, in conjunction with the FRB and FDIC, has issued a 
proposed rule 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                            04/25/96                    61 FR 18470
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACTS: 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, Assistant Director, 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
_______________________________________________________________________




2924. 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                            07/17/96                    61 FR 37227
NPRM Comment Period End         09/16/96
Final Action                    04/00/97

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, Assistant Director, 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)                    Long-Term Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2925. 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
_______________________________________________________________________




2926. UNIFORM RULES OF PRACTICE AND PROCEDURE; REGULATION REVIEW

Priority:  Info./Admin./Other

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

CFR Citation:  12 CFR 19

Timetable:

Suspension and Debarment of Accountants  NPRM 00/00/00

Uniform Rules -- Administrative Adjudication Process  NPRM 06/23/95 (60 
FR 32882)  Final Rule 05/06/96 (61 FR 20330)

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Daniel Cooke
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB43
_______________________________________________________________________




2927. 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.

CFR Citation:  12 CFR 27

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1557-AB53

[[Page 63002]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2928. STANDARDS FOR SAFETY AND SOUNDNESS

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 30

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Final Guidelines; 
Asset Quality and Earnings      08/27/96                    61 FR 43948
Final Action Effective          10/01/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1557-AB17
_______________________________________________________________________




2929. 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.

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/02/96                    61 FR 19524
Final Action Effective          07/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Raija Bettauer
Phone: 202 874-0680
Fax: 202 874-5221

RIN: 1557-AB26
_______________________________________________________________________




2930. 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.

CFR Citation:  12 CFR 26

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/02/96                    61 FR 40293
Final Action Effective          10/01/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1557-AB39
_______________________________________________________________________




2931. 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.

CFR Citation:  12 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/21/96                    61 FR 54533
Final Action Effective          11/20/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1557-AB40
_______________________________________________________________________




2932. COMMUNITY DEVELOPMENT CORPORATION AND PROJECT INVESTMENTS AND 
OTHER PUBLIC WELFARE 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.

CFR Citation:  12 CFR 24

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/23/96                    61 FR 49654
Final Action Effective          10/23/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karen McSweeney
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB46
_______________________________________________________________________




2933. 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.

CFR Citation:  12 CFR 22

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Part 614 effective 
10/04/96; Part 760 effective 11/
01/96.                          08/29/96                    61 FR 45684
Final Action Effective          10/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jacqueline Lussier
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB47
_______________________________________________________________________




2934. SALES OF CREDIT LIFE INSURANCE; REGULATION REVIEW

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 2

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/04/96                    61 FR 51777
Final Action Effective          12/31/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1557-AB49
_______________________________________________________________________




2935. 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.

[[Page 63003]]

CFR Citation:  12 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/10/96                    61 FR 21362
Final Action Effective          05/10/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Matthew Roberts
Phone: 202 874-5750
Fax: 202 874-5322

RIN: 1557-AB51
BILLING CODE 4810-33-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2936. 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                        07/00/97

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
_______________________________________________________________________




2937. PUBLICATION OF FILER CODES

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 142; 19 CFR 143

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           01/13/93                     58 FR 4115
ANPRM Comment Period End        03/15/93
NPRM                            12/00/96

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
_______________________________________________________________________




2938. 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                            04/00/97

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
_______________________________________________________________________




2939. 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                            01/00/97

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
_______________________________________________________________________




2940. ANDEAN TRADE PREFERENCE

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19

[[Page 63004]]

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                            07/00/97

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
_______________________________________________________________________




2941. ACCREDITATION OF COMMERCIAL TESTING LABORATORIES; APPROVAL OF 
COMMERCIAL GAUGERS

Priority:  Substantive, Nonsignificant

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

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

CFR Citation:  19 CFR 113; 19 CFR 151

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

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
_______________________________________________________________________




2942. 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                            11/00/96

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
_______________________________________________________________________




2943. 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                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Susan Wilson, 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
_______________________________________________________________________




2944. 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 section 642(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

[[Page 63005]]

pertain to the payment of interest due to underpayments or overpayments 
of fees and other charges, including interest thereon, that are not 
expressly covered by the terms of 19 USC 1505, but to which the same 
principles should apply. Interest, per the amendment, would accrue from 
the date the duties, fees, or other charges are deposited, or are 
required to be deposited, with Customs rather than from the date 
appearing on the bill for payment subsequently issued by Customs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Linda Lloyd, Financial Officer, Financial Policy 
Division, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0119

RIN: 1515-AB76
_______________________________________________________________________




2945. 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                            11/00/96

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: 202 927-0155

RIN: 1515-AB77
_______________________________________________________________________




2946. 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                            11/00/96

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
_______________________________________________________________________




2947. 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                            03/00/97

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
_______________________________________________________________________




2948. 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.

[[Page 63006]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

Small Entities Affected: None

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-AB88
_______________________________________________________________________




2949. 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                            09/12/96                    61 FR 48098
NPRM Comment Period End         11/12/96
Final Action                    04/00/97

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
_______________________________________________________________________




2950. PORT PASSENGER ACCELERATION SERVICE SYSTEM (PORTPASS) PROGRAM

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                            09/12/96                    61 FR 48100
NPRM Comment Period End         11/12/96
Final Action                    04/00/97

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
_______________________________________________________________________




2951. 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                            11/00/96

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
_______________________________________________________________________




2952.  PRIOR DISCLOSURE

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 1592; 19 USC 1593a; 19 
USC 1624

CFR Citation:  19 CFR 162

Legal Deadline: None

Abstract: Document would amend regulations governing ``prior 
disclosure'' as well as implement a provision of the Customs 
Modernization portion of the North American Free Trade Implementation 
Act (Mod Act) concerning prior disclosure by a person of a violation of 
law committed by that person involving the entry or introduction or 
attempted entry or introduction of merchandise into the United States 
by fraud, gross negligence, or negligence. Pursuant to 19 USC 
1592(c)(4), if a person who commits such a violation discloses the 
circumstances of the violation before, or without knowledge of the 
``commencement of a formal investigation'' of such violation, 
merchandise shall not be seized and any monetary penalty to be assessed 
shall be limited. Amendment would spell out when there is

[[Page 63007]]

``commencement of a formal investigation.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Pisani, Attorney, Penalties Branch, Department 
of the Treasury, United States Customs Service, 1301 Constitution 
Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6946

RIN: 1515-AB98
_______________________________________________________________________




2953.  LAY ORDER PERIOD: GENERAL ORDER: PENALTIES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 
USC 1624; 19 USC 1498; 19 USC 1584; 19 USC 1448; 19 USC 1436; 19 USC 
1459; 19 USC 1644; 19 USC 1644a; 42 USC 269; 46 USC app 100

CFR Citation:  19 CFR 4; 19 CFR 122; 19 CFR 123; 19 CFR 148; 19 CFR 192

Legal Deadline: None

Abstract: Amendment to provide for penalties against importing carriers 
for failure to notify Customs of the presence of merchandise that has 
remained at the place of arrival or unlading beyond the lay order 
period without entry having been completed. Amendment would require 
that the carrier notify a bonded warehouse proprietor of the presence 
of such merchandise, thereby initiating the obligation of the bonded 
warehouse proprietor to arrange for transportation and storage of the 
unentered merchandise at the risk and expense of the consignee. These 
amendments reflect amendments to the underlying statutory authority 
enacted as part of the Customs Modernization provisions of the North 
American Free Trade Agreement Implementation Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1515-AB99
_______________________________________________________________________




2954.  PETITIONS FOR RELIEF; SEIZURES, PENALTIES, AND LIQUIDATED 
DAMAGES

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 1592; 19 USC 1618; 19 USC 1624; 19 
USC 1623

CFR Citation:  19 CFR 10; 19 CFR 12; 19 CFR 18; 19 CFR 24; 19 CFR 111; 
19 CFR 113; 19 CFR 114; 19 CFR 125; 19 CFR 145; 19 CFR 162; 19 CFR 171; 
19 CFR 172

Legal Deadline: None

Abstract: Amendments relating to the filing of petitions in penalty, 
liquidated damages and seizure cases. Amendments are designed to allow 
more flexibility and useful contact with Government officials in an 
effort to administer cases in the most efficient way possible. 
Amendments promote a more customer-friendly atmosphere and eliminate 
needless or redundant provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1515-AC01
_______________________________________________________________________




2955.  BILATERAL CARNET AGREEMENT BETWEEN THE AMERICAN INSTITUTE 
IN TAIWAN AND THE TAIPEI ECONOMIC AND CULTURAL REPRESENTATIVE

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1551; 19 
USC 1552; 19 USC 1553; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 10; 19 CFR 18; 19 CFR 114

Legal Deadline: None

Abstract: Amendment to Customs Regulations applicable to carnets to 
reflect a recently signed bilateral agreement between the Taipei 
Economic and Cultural Representative in the United States (TECRO) and 
the American Institute in Taiwan (AIT). This agreement established a 
TECRO/AIT carnet for the temporary admission of goods, commercial 
samples and professional equipment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dennis Sequeira, Director, Intl. Organizations and 
Agreements Division, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0971

RIN: 1515-AC03

[[Page 63008]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2956. DISCLOSURE OF INFORMATION TO INTELLECTUAL PROPERTY RIGHTS OWNERS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 133

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/23/93                    58 FR 44476
NPRM Comment Period End         10/22/93
New NPRM                        07/14/95                    60 FR 36249
New NPRM Comment Period End     09/12/95
Final Action                    01/00/97

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
_______________________________________________________________________




2957. 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                    05/00/97

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
_______________________________________________________________________




2958. 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                    12/00/96

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
_______________________________________________________________________




2959. 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: Requires that the country of origin of imported produce be 
marked on the front panel of packages of frozen produce in order for 
the marking to comply with the statutory requirement that marking be in 
a ``conspicuous place.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/02/95                     60 FR 6464
ANPRM Comment Period End        03/20/95
NPRM                            07/23/96                    61 FR 38119
NPRM Comment Period End         09/23/96
Final Action                    02/00/97

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
_______________________________________________________________________




2960. 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

[[Page 63009]]

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              02/22/96                     61 FR 6772
Final Action                    01/00/97

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
_______________________________________________________________________




2961. 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                            06/05/96                    61 FR 28522
NPRM Comment Period End         08/05/96
Final Action                    02/00/97

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
_______________________________________________________________________




2962. 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                    11/00/96

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
_______________________________________________________________________




2963. 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                            06/06/96                    61 FR 28808
NPRM Comment Period End         08/05/96
Final Action                    01/00/97

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
_______________________________________________________________________




2964. 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

[[Page 63010]]

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                    01/00/97

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
_______________________________________________________________________




2965. 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                    12/00/96

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
_______________________________________________________________________




2966.  ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624; 19 
USC 2416

CFR Citation:  19 CFR 141

Legal Deadline: None

Abstract: Document sets forth amendments establishing additional entry 
requirements applicable to shipments of softwood lumber from Canada. 
Amendment involves the collection of certain additional information for 
purposes of monitoring and enforcing a recent agreement between the 
Governments of the United States and Canada regarding trade in softwood 
lumber.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ray Janiszewski, Supervisory Import Specialist, Office 
of Field Operations, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0365

RIN: 1515-AB97
_______________________________________________________________________




2967.  DETERMINATION OF THE COUNTRY OF ORIGIN OF TEXTILES AND 
TEXTILE PRODUCTS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment to provide stricter entry requirements for textiles 
and textile products to assist Customs in ensuring compliance with 
quota restrictions and visa requirements or other requirements, such as 
country-of-origin marking, under the U.S. textile import program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Larra, Chief, Commercial Enforcement, Office of 
Field Operations, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0370

RIN: 1515-AC00
_______________________________________________________________________




2968.  GENERAL ENFORCEMENT PROVISIONS; REMOVAL OF AGENCY 
MANAGEMENT REGULATIONS

Priority:  Routine and Frequent

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

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 
USC 1600; 19 USC 1619

CFR Citation:  19 CFR 19; 19 CFR 101; 19 CFR 146; 19 CFR 161

Legal Deadline: None

Abstract: Amendment would remove several general enforcement provisions 
that relate to Customs management which do not serve to inform the 
public of any requirements, relocate a general enforcement provision 
concerning Customs supervision from one part of the regulations to a 
different part of the Customs Regulations, and consolidate certain 
other general enforcement provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/00/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1515-AC02

[[Page 63011]]

_______________________________________________________________________




2969.  IMPORTATION OF CHEMICALS SUBJECT TO THE TOXIC SUBSTANCES 
CONTROL ACT

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; 15 USC 2601 et seq; 19 USC 66; 19 USC 
1202; 19 USC 1624

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment to the Customs Regulations regarding submission of 
an importer's certification in connection with the importation of 
chemical substances subject to the Toxic Substances Control Act. 
Amendment permits use of a blanket certification for each individual 
shipment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/09/90                      55 FR 738
NPRM Comment Period End         03/12/90
Final Action                    11/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Brad Lund, Operations Officer, Office of Field 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0192

RIN: 1515-AC04
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2970. HARBOR MAINTENANCE FEE

Priority:  Substantive, Nonsignificant

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/30/87                    52 FR 10198
Interim Final Rule Public 
Comment Period End              08/28/87
Comments Being Analyzed         02/08/88
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0034

RIN: 1515-AA57
_______________________________________________________________________




2971. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 24

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0034

RIN: 1515-AA87
_______________________________________________________________________




2972. 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
_______________________________________________________________________




2973. 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
_______________________________________________________________________




2974. 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
_______________________________________________________________________




2975. 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

[[Page 63012]]

Agency Contact: Burton Schlissel
Phone: 202 482-6980

RIN: 1515-AB68
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2976. 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

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/06/96                    61 FR 28932
Final Action Effective          08/05/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1515-AB34
_______________________________________________________________________




2977. 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.

CFR Citation:  19 CFR 10

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/01/96                     61 FR 7987
Final Action Effective          04/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Matthew Krimski
Phone: 202 927-1100

RIN: 1515-AB51
_______________________________________________________________________




2978. 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.

CFR Citation:  19 CFR 103

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/03/96                    61 FR 19835
Final Action Effective          06/03/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marc Weinberger
Phone: 202 927-6900

RIN: 1515-AB58
_______________________________________________________________________




2979. 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

CFR Citation:  8 CFR 100; 19 CFR 122

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/23/96                    61 FR 25777
Final Action Effective          06/24/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Priscilla Frink
Phone: 202 927-1323

RIN: 1515-AB64
_______________________________________________________________________




2980. CENTRALIZED EXAMINATION STATIONS; IMMEDIATE SUSPENSION OR 
PERMANENT REVOCATION AS OPERATOR UPON INDICTMENT FOR ANY FELONY

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 118

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/26/96                    61 FR 39070
Final Action Effective          08/26/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Linda Walfish
Phone: 202 927-1167

RIN: 1515-AB83
_______________________________________________________________________




2981. 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.

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/17/96                    61 FR 24888
Final Action Effective          05/17/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Louis Alfano
Phone: 202 927-0005

RIN: 1515-AB91
_______________________________________________________________________




2982. 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.

CFR Citation:  19 CFR 10

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/03/96                    61 FR 19834
Final Action Effective          05/03/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Myles Harmon

[[Page 63013]]

Phone: 202 482-7000

RIN: 1515-AB93
_______________________________________________________________________




2983. EMISSIONS STANDARDS FOR IMPORTED NONROAD ENGINES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 12

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/27/96                    61 FR 43960
Final Action Effective          08/27/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Leo Wells
Phone: 202 927-0771

RIN: 1515-AB94
_______________________________________________________________________




2984.  REMOVAL OF TOSHIBA SANCTION REGULATIONS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 50 
USC app 2401a, note

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment removes the regulatory provisions that implemented 
the import sanctions against all products produced by the Toshiba 
Machine Company and the Kongsberg Trading Company. The ``Toshiba 
Sanctions'' were imposed by Executive Order 12661 for a three-year time 
period, which expired on December 28, 1991.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/05/96                    61 FR 28500
Final Action Effective          06/05/96

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-AB96
BILLING CODE 4820-02-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2985.  TAX TREATMENT OF CAFETERIA PLANS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The notice of proposed rulemaking contains revisions to the 
Income Tax Regulations (26 CFR Part 1) under section 125 of Internal 
Revenue Code of 1986. These revisions are proposed to clarify Q&A-6 
regarding the circumstances under which a cafeteria plan participant 
may revoke an existing election and make a new election during a period 
of coverage.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-243025-96.
Drafting paralegal: Catherine Fuller (202) 622-6080.
CC:EBEO.

Agency Contact: Catherine Fuller, Paralegal Specialist, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Aveneue NW., 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AU61
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2986. DEFINITION OF QUALIFIED RESEARCH AND COMPUTATION OF RESEARCH 
CREDIT UNDER SECTION 41 OF THE CODE, AFTER 1986, 1989 AND 1993 ACTS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; PL 101-239

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                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209494-90 (PS-16-90).
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

[[Page 63014]]

_______________________________________________________________________




2987.  SECTION 58(E); ELECTION FOR QUALIFIED COSTS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 59

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 59(e) permits taxpayers to elect to amortize certain 
costs over a specified period. the costs amortized under section 59(e0 
are not treated as tax preference items for purposes of the alternative 
minimum tax. The proposed regulations provide taxpayers with rules for 
making an election as well as the circumstances under which an election 
may be revoked.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-209838-96 (PS-30-96).
Drafting attorney: Brenda Stewart (202) 622-3000.
Reviewing attorney: Joe Makuratti (202) 622-3000.

Agency Contact: Brenda M. Stewart, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3120

RIN: 1545-AU40
_______________________________________________________________________




2988. PERSONAL INJURY DAMAGES

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                            06/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209760-95 (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
_______________________________________________________________________




2989. CHANGES IN USE UNDER SECTION 168(I)(5)

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 168

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209399-86 (PS-86-86).
Drafting attorney: Kathleen Reed (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Treasury attorney: Annette Smith (202) 622-0868.

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
_______________________________________________________________________




2990. DETERMINATION OF SECTION 30 CREDIT AND SECTION 179A DEDUCTION

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                            02/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209645-93 (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
_______________________________________________________________________




2991. RULES FOR FARMERS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                            12/00/96

Small Entities Affected: None

[[Page 63015]]

Government Levels Affected: None

Additional Information: REG-208151-91 (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
_______________________________________________________________________




2992. PRODUCTION OF CREATIVE PROPERTY

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-208152-91 (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
_______________________________________________________________________




2993. 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: REG-208153-91 (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
_______________________________________________________________________




2994. 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: REG-209037-89 (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
_______________________________________________________________________




2995. SUBSTANTIATION OF EXPENSES--RECEIPT THRESHOLD

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 0274; 26 USC 7805

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: REG-209785-95 (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

[[Page 63016]]

_______________________________________________________________________




2996. SUBSTANTIATION OF EXPENSES--RECEIPT THRESHOLD

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 0274; 26 USC 7805

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: REG-209785-95 (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
_______________________________________________________________________




2997. SCOPE OF GENERAL UTILITIES REPEAL

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 337

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: REG-209121-89 (CO-14-89).
Drafting attorney: Stephen R. Cleary (202) 622-7530.
Reviewing attorney: Mark S. Jennings (202) 622-7530.
Treasury attorney: Rose Williams (202) 622-1788.

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
_______________________________________________________________________




2998. CORPORATE INVERSION TRANSACTIONS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 337

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                            06/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209715-94 (CO-35-94).
Drafting attorney: Kirsten L. Simpson (202) 622-7790.
Reviewing attorney: Ken Cohen (202) 622-7790.
Treasury attorney: Rose Williams (202) 622-1788.

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
_______________________________________________________________________




2999. 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: REG-209006-89 (INTL-089-89).
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard T. Bress (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.

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

[[Page 63017]]

Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AM97
_______________________________________________________________________




3000. CARRYOVERS OF METHODS OF ACCOUNTING

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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: REG-209615-93 (IA-13-93).
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
_______________________________________________________________________




3001. NONDISCRIMINATION AND OTHER RULES APPLICABLE TO SECTION 403(B) 
ANNUITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 403; 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                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209493-86 (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
_______________________________________________________________________




3002. 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; 26 USC 401

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: REG-209456-88 (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
_______________________________________________________________________




3003. INSTALLMENT OBLIGATIONS RECEIVED FROM LIQUIDATING CORPORATIONS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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: REG-209332-80 (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
_______________________________________________________________________




3004. DEFINITION OF A LONG-TERM CONTRACT

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined
Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in

[[Page 63018]]

the CFR to reduce burden or duplication, or streamline requirements.

Legal Authority:  26 USC 7805; 26 USC 460

CFR Citation:  26 CFR 1; 26 CFR 301

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                            06/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-208156-91 (IA-58-91).
Drafting attorney: Leo F. Nolan II (202) 622-4960.
Reviewing attorney: Robert Testoff (202) 622-4960.

Agency Contact: Leo F. Nolan II, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-4960
Fax: 202 622-6316

RIN: 1545-AQ30
_______________________________________________________________________




3005. ESCROW FUNDS AND OTHER SIMILAR FUNDS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209619-93 (IA-17-93).
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
_______________________________________________________________________




3006. DEFINITION OF AN ITEM FOR LIFO

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                            04/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209616-93 (IA-14-93).
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
_______________________________________________________________________




3007. 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: REG-209579-92 (INTL-051-92).
Drafting attorney: Lisa G. Sams (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Philip West (202) 622-1762.

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
_______________________________________________________________________




3008. INCOME TAXATION OF TRUSTS AND ESTATES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 672; 26 USC 673; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209417-86 (PS-108-86).
Drafting attorney: James Quinn (202) 622-3060.
Reviewing attorney: J. Thomas Hines (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: 202 622-4513

RIN: 1545-AJ20

[[Page 63019]]

_______________________________________________________________________




3009. 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: REG-209038-89 (INTL-243-89).
Drafting attorney: Willard Yates (202) 622-3870.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: David Sutherland (202) 622-1754.
Completed in error in the October 1995 Unified Agenda.

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

RIN: 1545-AO75
_______________________________________________________________________




3010.  EXPANSION OF FORM 945

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 701; 26 USC 702

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Impose form 945 reporting and deposit requirements on certain 
federal and state agencies and on certain indian tribes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Tribal, Federal

Additional Information: REG-209820-96 (IA-13-96).
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 Avenue NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AU51
_______________________________________________________________________




3011. ADJUSTMENTS FOLLOWING SALES OF PARTNERSHIP INTERESTS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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

CFR Citation:  26 CFR 1

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: REG-209682-94 (PS-2-94).
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
_______________________________________________________________________




3012.  TREATMENT OF MODIFIED GUARANTEED CONTRACTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 817A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations will address the application of the 
mark-to-market. Requirements to modified guaranteed contracts including 
(i) the requirement to identify the assets in a segregated asset 
account which are allocable to modified guaranteed contract (ii) the 
determination of interest rates used to determine the reserve 
liabilities applicable to modified guaranteed contracts and (iii) the 
treatment of asset transfers to and from a segregated asset account 
allocable to modified guaranteed contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-2481110-96.
Drafting attorney: Gary Geisler (202) 622-3970.
Reviewing attorney: Stephen D. Hooe (202) 622-3970.
Treasury attorney: Louise Epstein (202) 622-1778.
CC:DOM:FI&P.

Agency Contact: Gary Geisler, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3970

RIN: 1545-AU58
_______________________________________________________________________




3013.  DETERMINATION OF EARNED PREMIUMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 832

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations will address the treatment of certain 
items for purposes of determining gross written premiums and unearned

[[Page 63020]]

premiums under section 832(b)(4), including advance premiums. 
Retrospective premium adjustments, and the determination of written 
premiums with respect to certain policies with variable exposures.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209839-96 (FI-31-96).
Drafting attorney: Gary Geisler (202) 622-3970.
Reviewing attorney: Stephen Hooe (202) 622-3970.
Treasury attorney: Louise Epstein (202) 622-1778.

Agency Contact: Gary Geisler, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-5970

RIN: 1545-AU60
_______________________________________________________________________




3014. FOREIGN INSURANCE COMPANIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 842; 26 USC 864

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: REG-209066-88 (INTL-024-88).
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.
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
_______________________________________________________________________




3015. REMIC REGULATIONS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

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 investors concerning the taxation or REMICs and of investors in 
REMICs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209633-93 (FI-31-93).
Drafting attorney: William P. Cejudo (202) 622-3920.
Reviewing attorney: Marshall Feiring (202) 622-3960.

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
_______________________________________________________________________




3016. 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: REG-208254-90 (INTL-107-90).
Drafting attorney: Philip Garlett (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.

Agency Contact: Philip Garlett, Senior Technical Reviewer, 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
_______________________________________________________________________




3017. 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: REG-208279-86 (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
_______________________________________________________________________




3018. SOURCING RULE APPLICABLE TO CERTAIN INSURANCE INCOME

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

[[Page 63021]]

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                            06/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209512-91 (INTL-093-91).
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Barbara A. Felker (202) 622-3850.

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
_______________________________________________________________________




3019. 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: REG-209057-88 (INTL-662-88).
Drafting attorney: Kristine K. Schlaman (202) 622-3840.
Reviewing attorney: Charles C. Saverude (202) 622-3800.

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
_______________________________________________________________________




3020. 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: REG-208306-90 (INTL-063-90).
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.

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
_______________________________________________________________________




3021. INTEGRATED FINANCIAL TRANSACTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 864

CFR Citation:  26 CFR 1

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: REG-209604-93 (INTL-001-93).
Drafting attorney: Sim Seo (202) 622-3870.
Reviewing attorney: Karl Walli (202) 622-3870.
Treasury attorney: Stuart Leblang (202) 622-1779.

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

RIN: 1545-AR20
_______________________________________________________________________




3022. 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: REG-208278-86 (INTL-946-86).
Drafting attorney: Carol P. Tello (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.

Agency Contact: Carol P. Tello, Attorney-Advisor, Department of the

[[Page 63022]]

Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AJ83
_______________________________________________________________________




3023. 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: REG-208280-86 (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
_______________________________________________________________________




3024. PROPOSED REGULATION UNDER SECTION 882 AND 884

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0882; 26 USC 0884

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: REG-209805-95 (INTL-054-95).
Drafting attorney: Gwendolyn Stanley (202) 622-3860.
Reviewing attorney: Elizabeth Karzon (202) 622-3860.

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
_______________________________________________________________________




3025. 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: REG-209555-92 (INTL-028-92).
Drafting attorney: Sharon Bomgardner (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Patricia Brown (202) 622-1781.
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
_______________________________________________________________________




3026. 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: REG-209554-92 (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
_______________________________________________________________________




3027. 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

[[Page 63023]]

Government Levels Affected: None

Additional Information: REG-208982-87 (INTL-785-87).
Drafting attorney: Gwendolyn A. Stanley (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.

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
_______________________________________________________________________




3028. 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; 26 USC 1445

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: REG-209032-88 (INTL-384-88).
Drafting attorney: Robert Lorence (202) 622-3880.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: David Sutherland (202) 622-1772.

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
_______________________________________________________________________




3029. 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: REG-209044-89 (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
_______________________________________________________________________




3030. SECTION 905(B) REGULATIONS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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: REG-208288-90 (INTL-087-90).
Drafting attorney: Joan Thomsen (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Completed in error in the October 1995 Unified Agenda.

Agency Contact: Joan 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-AP36
_______________________________________________________________________




3031. 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: REG-209670-93 (INTL-069-93).
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: George Sellinger (202) 874-1490.

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

[[Page 63024]]

_______________________________________________________________________




3032. 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: REG-209671-93 (INTL-070-93).
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490

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
_______________________________________________________________________




3033. OBRA 1993 SECTION 936 REG

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 936

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: REG-209674-93 (INTL-73-93).
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.

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
_______________________________________________________________________




3034. 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: REG-208268-86 (INTL-954-86).
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
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
_______________________________________________________________________




3035. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 953

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: REG-208980-89 (INTL-765-89).
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.

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
_______________________________________________________________________




3036. 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: REG-209070-88 (INTL-654-88).
Drafting attorney: Valerie A. Mark (202) 622-3840.

[[Page 63025]]


Reviewing attorney: Phyllis Marcus (202) 622-3840.

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
_______________________________________________________________________




3037. 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: REG-209668-93 (INTL-067-93).
Drafting attorney: Kristine K. Schlaman (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Joni Walser (202) 622-1752.

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
_______________________________________________________________________




3038. DEEMED-PAID CREDIT UNDER SECTION 960, DETERMINED ON ACCUMULATED 
BASIS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 902

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: REG-208136-91 (INTL-0084-91).
Drafting attorney: Caren S. Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
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
_______________________________________________________________________




3039. 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: REG-209786-95 (INTL-037-95).
Drafting attorney: Irwin Halpern (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.

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
_______________________________________________________________________




3040. 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: REG-209727-92 (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
_______________________________________________________________________




3041. 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

[[Page 63026]]

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: REG-209009-89 (INTL-107-89).
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.

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
_______________________________________________________________________




3042. 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: REG-209689-94 (INTL-009-94).
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490.

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
_______________________________________________________________________




3043. PARTNERSHIPS AND DEPRECIATION RECAPTURE

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on how partnerships 
shall allocate depreciation recapture income.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209762-95 (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
_______________________________________________________________________




3044. 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: REG-209011-86 (INTL-042-86).
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Elizabeth Karzon (202) 622-3860.

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
_______________________________________________________________________




3045. 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: REG-209010-87 (INTL-039-87).
Drafting attorney: David F. Bergkuist (202) 622-3860.
Reviewing attorney: Charles Saverude (202) 622-3800.

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

[[Page 63027]]

_______________________________________________________________________




3046.  OID ON PREPAYABLE DEBT INSTRUMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1272; 26 USC 1275

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project will provide guidance to issues and to holders 
of debt instruments described in section 1272(a)(6).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-242919-96.
Drafting attorney: William Cejudo (202) 622-3920.
Reviewing attorney: Marshall Feiring (202) 622-3960.
CC:DOM:FI&P.

Agency Contact: William Cejudo, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3920
Fax: 202 622-4425

RIN: 1545-AU50
_______________________________________________________________________




3047.  INFLATION-INDEXED SECURITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1275

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance on the tax treatment of 
inflation indexed-bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-242996-96.
Drafting attorney: Jeffrey W. Maddrey (202) 622-3930.
Reviewing attorney: William E. Blanchard (202) 622-3950.
Treasury attorney: Clarissa Potter (202) 622-0999.
CC:DOM:FI&P.

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

RIN: 1545-AU45
_______________________________________________________________________




3048. DISPOSITION GAIN REPRESENTING ACCRUED MARKET DISCOUNT TREATED AS 
ORDINARY INCOME; DEFERRAL OF INTEREST DEDUCTION ALLOCABLE TO ACCRUED 
MARKET DISCOUNT

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

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: REG-209190-85 (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.

Agency Contact: William Cejudo, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3920
Fax: 202 622-4425

RIN: 1545-AH82
_______________________________________________________________________




3049. 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: REG-209040-88 (INTL-579-88).
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 Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AM41
_______________________________________________________________________




3050. 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: REG-209007-89 (INTL-102-89).

[[Page 63028]]

Drafting attorney: Gwendolyn A. Stanley (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.

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
_______________________________________________________________________




3051. 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: REG-209627-93 (INTL-025-93).
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.

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
_______________________________________________________________________




3052. APPLICATIONS OF SECTION 1503(D) TO PARTNERSHIPS AND OTHER ITEMS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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: REG-209564-92 (INTL-037-92).
Drafting attorney: Joan M. Thomsen (202) 622-3840.
Reviewing attorney: Steven A. Musher (202) 622-3840.

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
_______________________________________________________________________




3053. 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: REG-209043-88 (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
_______________________________________________________________________




3054. ESTATE TAX-VALUATION OF CERTAIN FARM, ETC., REAL PROPERTY

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 2032A; 26 USC 2013; 26 USC 1040; 
26 USC 1016

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: REG-209433-81 (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, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3090
Fax: 202 622-4524

RIN: 1545-AT66

[[Page 63029]]

_______________________________________________________________________




3055. 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: REG-208294-90 (INTL-079-90).
Drafting attorney: Leslie A. Cracraft (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.

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
_______________________________________________________________________




3056. 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: REG-209769-95 (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
_______________________________________________________________________




3057. LUXURY EXCISE TAX CHANGES UNDER OBRA 1993

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                            12/00/96

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-209676-93 (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
_______________________________________________________________________




3058.  APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT 
EMPLOYEES' TRUST

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 404; 26 USC 956; 26 USC 1291; 26 
USC 1294; 26 USC 1295; 26 USC 1297

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance on the application of 
the grantor trust rules to nonexempt employees trusts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/29/96                    61 FR 50778
NPRM Comment Period End         12/26/96
Final Action                    06/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209826-96 (PS-19-96).
Drafting attorney: James Quinn (202) 622-3060.
Drafting attorney: Linda Marshall (202) 622-6030.
Drafting attorney: Kristine Schaman (202) 622-3840.
Drafting attorney: Grace Fleeman (202) 622-3850.
Reviewing attorney: J. Thomas Hines (202) 622-3060.
Treasury attorney: Patricia Brown (202) 622-1781.

Agency Contact: James A. Quinn, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4513

RIN: 1545-AU29
_______________________________________________________________________




3059.  DIESEL FUEL TAX - 1996 AMENDMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4082

CFR Citation:  26 CFR 48.4082

Legal Deadline: None

Abstract: Application of the diesel fuel tax in certain states exempt 
from dyeing requirement after 9/30/96.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            10/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Reg-247678-96.

[[Page 63030]]

Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:P&SI.

Agency Contact: Frank Boland, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3130

RIN: 1545-AU52
_______________________________________________________________________




3060.  DIESEL FUEL TAX - 1996 AMENDMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4082

CFR Citation:  26 CFR 48.4082

Legal Deadline: None

Abstract: Application of the diesel fuel tax in certain states exempt 
from dyeing requirements after 9/30/96.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-247678-96.
Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:P&SI.

Agency Contact: Frank Boland, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3130

RIN: 1545-AU53
_______________________________________________________________________




3061. INFORMATION REPORTING AND RECORD MAINTENANCE UNDER SECTION 6038C

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 7801; 26 USC 6038C

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: REG-208265-90 (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
_______________________________________________________________________




3062. 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: REG-209060-86 (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
_______________________________________________________________________




3063. 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: REG-209594-92 (INTL-067-92).
Drafting attorney: Leslie Cracraft (202) 622-3860.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: David Sutherland (202) 622-1754.
Completed in error in the October 1995 Unified Agenda.

Agency Contact: Leslie 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-AR25
_______________________________________________________________________




3064.  PROPERTY EXEMPT FROM LEVY

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These regulations reflect the amendment of section 6334 of 
the

[[Page 63031]]

Internal Revenue Code by Section 502 of the Taxpayer Bill of Rights 2. 
TBOR2 amended section 6334 by 1) raising the exempt amounts for fuel, 
provisions, furniture and personal effects and books and tool of a 
trade business or profession, 2) providing that the amount exempt from 
levy applies to all taxpayers, not just taxpayers who are heads of a 
family, and 3) including an inflation adjustment provision.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-248378-96.
Drafting Attorney: Robert A. Miller (202) 622-3640.
Reviewing Attorney: Joyce E. Bauchner (202) 622-3600.
CC:EL:GL.

Agency Contact: Robert A. Miller, Technical Assistant to the Assistant 
Chief, Counsel, Department of the Treasury, Internal Revenue Service, 
1111 Constitution Avenue NW., Washington, DC 20224
Phone: 202 622-3640
Fax: 202 622-3766

RIN: 1545-AU55
_______________________________________________________________________




3065.  COMPROMISES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These regulations raise the dollar threshold for mandatory 
review of compromises of civil cases by counsel from $500 to $50,000 in 
accordance with the Taxpayer Bill of Rights 2.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-248373-96.
Drafting Attorney: Kevin B. Connelly (202) 622-3640.
Reviewing Attorney: Robert A. Miller (202) 622-3640.
CC:EL:GL.

Agency Contact: Kevin B. Connelly, Attorney/Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3640
Fax: 202 622-3766

RIN: 1545-AU56
_______________________________________________________________________




3066.  MULTIPLE-PARTY FINANCING REGULATIONS FOR STRIPPING 
TRANSACTIONS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 7701

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations addressing financing transactions issued 
under the authority granted by section 7701(l). The proposed 
regulations are necessary to determine whether and how stripping 
transactions should be recharacterized under section 7701(l).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209817-96 (FI-10-96).
Drafting attorney: Jonathan Zelnik (202) 622-3940.
Reviewing attorney: Mark Smith (202) 622-3930.
Treasury attorney: Kevin Anderson (202) 622-1991.
Treasury attorney: Seth Green (202) 622-0865.

Agency Contact: Jonathan Zelnik, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3940
Fax: 202 622-4425

RIN: 1545-AU19
_______________________________________________________________________




3067. INTANGIBLE AMORTIZATION

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                            11/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209709-94 (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
_______________________________________________________________________




3068. REISSUANCE OF QUALIFIED TENDER BONDS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

[[Page 63032]]

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: REG-209742-94 (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
_______________________________________________________________________




3069. EXCISE TAX ON HEAVY TRUCKS, TRUCK TRAILERS AND SEMITRAILERS, AND 
TRACTORS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                            12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209364-86 (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, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AT63
_______________________________________________________________________




3070. MAGNETIC MEDIA FILING REQUIREMENTS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301; 26 CFR 1

Legal Deadline: None

Abstract: This document proposes amending 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                            10/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209803-95 (IA-52-95).
Drafting attorney: Donna Welch (202) 622-4910.
Reviewing attorney: John McGreevy (202) 622-4910.
Treasury attorney: Annette Smith (202) 622-0868.

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
_______________________________________________________________________




3071.  REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT 
TRUSTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations on the reporting requirements for widely 
held fixed investment trusts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209813-96 (PS-6-96).
Drafting attorney: Faith Colson (202) 622-3060.
Reviewing attorney: H. Grace Kim (202) 622-3060.

Agency Contact: Faith Colson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4513

RIN: 1545-AU15
_______________________________________________________________________




3072.  NONRESIDENT ALIEN SHAREHOLDER; S CORPORATION STOCK

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations will provide rules for a corporation having a 
share holder who (1) has an usufruct interest in the stock of the 
corporation and (2) is a nonresident alien who is treated as a resident 
under either section 6013(g) or section 6013(m) as of the effective 
date of the corporation is S election or the date the alien receives 
the stock, which ever occurs first.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209810-96 (PS-3-96).
Drafting attorney: Laura Howell (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.

[[Page 63033]]


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

Agency Contact: Laura Howell, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4513

RIN: 1545-AU18
_______________________________________________________________________




3073.  CONTINGENT INTEREST UNDER SECTION 2056(B)(7)

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: The proposed and temporary regulation relates to the final 
estate tax marital deduction regulations that were published on March 
1, 1994, in the Federal Register (59 FR 9642). The changes are made to 
conform the final estate tax regulations to recent court decisions in 
Estate of Clayton V Commissioner 97 T.C. 327 (1991), rev'd 977 F. 2d 
1986 (5th Cir. 1992), Estate of Roberston V Commissioner, 98 T.C. 678 
(1992), rev'd 15 F. 3d 779 (8th Cir. 1994), Estate of Spencer V 
Commissioner, T.C. Memo 1992-579, rev'd, 43 F. 3d 226 (6th Cir. 1995) 
and Estate of Clark V Commissioner, 106 T.C. 131 (1996).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209830-96 (PS-23-96).
Drafting attorney: Susan B. Hurwitz (202) 622-3090.
Reviewing attorney: Katherine A. Mellody (202) 622-3090.

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

RIN: 1545-AU27
_______________________________________________________________________




3074.  EMPOWERMENT ZONE EMPLOYMENT CREDIT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1396; 26 USC 1397

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will answer questions that have been asked 
about the applicable period for determining whether the employee 
satisfies the requirement of working in the zone.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209834-96 (EE-27-96).
Drafting attorney: Robert Wheeler (202) 622-6060.
Reviewing attorney: Mark Schwimner (202) 622-6060.
Treasury attorney: Val Strehlow (202) 622-0869.

Agency Contact: Robert G. Wheeler, General Attorney (Tax), Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
CC:EBEO:4, Room 5203, Washington, DC 20224
Phone: 202 622-6060
Fax: 202 622-4617

RIN: 1545-AU30
_______________________________________________________________________




3075.  RELIEF FROM DISQUALIFICATION FOR PLANS ACCEPTING 
ROLLOVERS

Priority:  Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide relief from disqualification to qualified plans that 
provide for the acceptance of rollover contributions and inadvertently 
accept an amount as a rollover contribution that is not in fact 
eligible for rollover.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-2455562-96.
Drafting attorney: Marjorie Hoffman (202) 622-6030.
Reviewing attorney: Alan Tawshunsky (202) 622-6030.
CC:EBEO.

Agency Contact: Marjorie Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, D.C
Phone: 202 622-6030

RIN: 1545-AU46
_______________________________________________________________________




3076.  RECONSIDERATION OF REV. RUL. 69-302

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To issue a regulation under 26 USC section 816(b) that 
reconsiders the holding in Rev. Rul. 69-302, 1969-2 C.B. 186.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-246018-96.
Drafting attorney: Ann Cammack (202) 622-3970.
Reviewing attorney: Don Drees (202) 622-3970.
CC:DOM:FI&P

Agency Contact: Ann Cammack, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3970
Fax: 202 622-4425

RIN: 1545-AU49

[[Page 63034]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




3077. 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: REG-209791-95 (DL-41-95).
Drafting attorney: Margo L. Stevens (202) 622-4560.

Agency Contact: Margo L. Stevens, Attorney, Department of the Treasury, 
Internal Revenue Service
Phone: 202 622-4560

RIN: 1545-AR99
_______________________________________________________________________




3078. REISSUANCE OF MORTGAGE CREDIT CERTIFICATES (CROSS-REFERENCE TO 
TEMPORARY REGULATIONS)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 25

CFR Citation:  26 CFR 1

Legal Deadline:  Final, Statutory, December 22, 1996.

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: REG-209574-92 (FI-47-92).
Drafting attorney: L. Michael Wachtel (202) 622-3980.

Agency Contact: L. Michael Wachtel, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AR76
_______________________________________________________________________




3079. AVAILABLE UNIT RULE

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 0042

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                            05/30/96                    61 FR 27036
NPRM Comment Period End         08/27/96
Final Action                    12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209776-95 (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, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4524

RIN: 1545-AT60
_______________________________________________________________________




3080. 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
NPRM Comment Period End         03/20/96
Hearing                         06/28/96                    61 FR 20766
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: Reg-209476-82 (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
Fax: 202 622-3912

RIN: 1545-AE41
_______________________________________________________________________




3081. THE TREATMENT OF ACCELERATED DEATH BENEFITS UNDER SECTIONS 101, 
7702 AND 7702A OF THE INTERNAL REVENUE CODE

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 101; 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

[[Page 63035]]

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                    04/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209552-92 (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
Fax: 202 622-4425

RIN: 1545-AQ70
_______________________________________________________________________




3082.  ARBITRAGE RESTRICTIONS ON TAX EXEMPT BONDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 148

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations propose to amend the Income Tax Regulations 
(26 CFR Part 1) by providing and clarifying rules relating to 
establishing fair market value of non purpose investments under section 
148. These revisions include additions to the existing regulations 
under section 1.148-5 and (e) providing (1) a solicitations for a 
guaranteed investment contract will be rebuttably presumed to be bona 
fide if certain requirements are met, (2) a rebuttable presumption for 
establishing fair market value for Treasury obligations purchased other 
than directly from the United States Treasury and (3) a special rule to 
determine qualified administrative costs for Treasury obligations 
purchased other than directly from the United States Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/96                    61 FR 33405
NPRM Comment Period End         09/25/96
Hearing                         10/24/96                    61 FR 33405
Final Action                    02/00/97

Small Entities Affected: Undetermined

Government Levels Affected: State, Local, Tribal

Additional Information: REG-209836-96 (FI-28-96).
Drafting attorney: Loretta J. Finger (202) 622-3980.
Reviewing attorney: Michael G. Bailey (202) 622-3980.

Agency Contact: Loretta J. Finger, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20024
Phone: 202 622-3980
Fax: 202 622-4437
Email: NOCLLJFI

RIN: 1545-AU39
_______________________________________________________________________




3083. 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: REG-209059-89 (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
_______________________________________________________________________




3084. SECTION 5F.163-1(B)(2)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 165

CFR Citation:  26 CFR 5f

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: REG-208245-90 (INTL-115-90).
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Christine Halphen (202) 622-3810.

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
_______________________________________________________________________




3085. 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

[[Page 63036]]

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: REG-209729-94 (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
_______________________________________________________________________




3086. DEDUCTIBILITY, SUBSTANTIATION, AND DISCLOSURE OF CERTAIN 
CHARITABLE CONTRIBUTIONS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 170

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                    10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209728-94 (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
_______________________________________________________________________




3087. 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
Final Action                    07/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-208154-91 (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
_______________________________________________________________________




3088. 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: REG-209018-90 (INTL-177-90).
Drafting attorney: Kenneth D. Allison (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: David Sutherland (202) 622-1754

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
_______________________________________________________________________




3089. INCOME TAX--PART 1--STOCK TRANSFER RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 367

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: REG-209035-86 (INTL-178-86).
Drafting attorney: Irwin Halpern (202) 622-3850.
Reviewing attorney: Bernard Bress (202) 622-3850.

[[Page 63037]]


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
_______________________________________________________________________




3090. 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: REG-209042-86 (INTL-610-86).
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-AK74
_______________________________________________________________________




3091. 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: REG-208165-91 (INTL-054-91).
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
_______________________________________________________________________




3092. 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: REG-209756-95 (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
_______________________________________________________________________




3093. 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.

[[Page 63038]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/07/93                    58 FR 27219
NPRM Comment Period End         05/07/93
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-245935-96 (EE-14-81).
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-AD81
_______________________________________________________________________




3094. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 414

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: REG-209558-92 (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
_______________________________________________________________________




3095. 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 employers 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                    12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209759-95 (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
_______________________________________________________________________




3096. LIMITATIONS ON PASSIVE ACTIVITY LOSSES AND CREDITS--SELF-CHARGED 
ITEMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 0469

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: REG-209365-89 (PS-39-89).
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
_______________________________________________________________________




3097. MARK-TO-MARKET UPON DISPOSITION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 475; 26 USC 860

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

[[Page 63039]]

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: REG-209724-94 (FI-42-94).
Drafting attorney: Robert Williams (202) 622-3960.
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: 202 622-3960
Fax: 202 622-4425

RIN: 1545-AS85
_______________________________________________________________________




3098. MARK-TO-MARKET FOR DEALERS IN SECURITIES: EQUITY INTERESTS IN 
RELATED PARTIES AND THE DEALER-CUSTOMER RELATIONSHIP

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                            06/20/96                    61 FR 31474
NPRM Comment Period End         09/18/96
Final Action                    12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209780-95 (FI-32-95).
Drafting attorney: Jo Lynn Ricks (202) 622-3920.
Reviewing attorney: Alan B. Munro (202) 622-3920.

Agency Contact: Jo Lynn Ricks, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3920
Fax: 202 622-4425

RIN: 1545-AT94
_______________________________________________________________________




3099. TAXATION OF GLOBAL TRADING

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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: REG-208299-90 (INTL-70-90).
Drafting attorney: Elissa Shendalman (202) 622-3870.
Reviewing attorney: Karl Walli (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
_______________________________________________________________________




3100. REQUIREMENTS FOR TAX EXEMPT LABOR ORGANIZATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 501

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                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209804-95 (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
_______________________________________________________________________




3101.  SECTION 708 AND SECTION 704

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 708

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will change the mechanics of a section 
708(b)(1)(B) deemed partnership termination.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/13/96                    61 FR 21985
NPRM Comment Period End         08/15/96
Final Action                    10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209812-96 (PS-5-96).

[[Page 63040]]

Drafting attorney: Steven R. Schneider (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.

Agency Contact: Steven R. Schneider, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4513

RIN: 1545-AU14
_______________________________________________________________________




3102. PARTNERSHIP DISTRIBUTIONS OF MARKETABLE SECURITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 731

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
Hearing                         04/03/96                       61 FR 28
Final Action                    10/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209748-95 (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
_______________________________________________________________________




3103. 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: REG-208246-90 (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
_______________________________________________________________________




3104. 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: REG-209749-95 (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
_______________________________________________________________________




3105. 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; 26 USC 956; 26 USC 304

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: REG-209001-86 (INTL-049-86).
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.

Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service,

[[Page 63041]]

1111 Constitution Ave. NW., Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AH85
_______________________________________________________________________




3106. 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: REG-208267-86 (INTL-952-86).
Drafting attorney: David F. Bergkuist (202) 622-3860.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Stuart Leblang (202) 622-1779.

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
_______________________________________________________________________




3107. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 892

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: REG-209024-88 (INTL-285-88).
Drafting attorney: David A. Juster (202) 622-3850.
Reviewing attorney: Bernard T. Bress (202) 622-3850.

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
_______________________________________________________________________




3108. 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: REG-209039-87 (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
_______________________________________________________________________




3109. 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: REG-208985-89 (INTL-848-89).
Drafting attorney: Michael E. Hara (202) 622-3840.
Reviewing attorney: Charlie C. Saverude (202) 622-3800.

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

[[Page 63042]]

Fax: 202 622-4476

RIN: 1545-AO22
_______________________________________________________________________




3110. DEEMED PAID CREDIT UNDER SECTION 902 DETERMINED ON ACCUMULATED 
BASIS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 902

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: REG-209835-86 (INTL-933-86).
Drafting attorney: Caren S. Shein (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Mary Gillmarten (202) 622-1731.

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
_______________________________________________________________________




3111. 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; 26 USC 864

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: REG-209527-92 (INTL-001-92).
Drafting attorney: Caren S. Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.

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
_______________________________________________________________________




3112. 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; 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: REG-209020-86 (INTL-061-86).
Drafting attorney: Caren Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.

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
_______________________________________________________________________




3113. 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; 26 USC 927

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: REG-209015-86 (INTL-153-86).
Drafting attorney: Richard L. Chewning (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: David Sutherland (202) 622-1754.
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

[[Page 63043]]

Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AI16
_______________________________________________________________________




3114. 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

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: REG-209013-86 (INTL-44-86).
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: George Sellinger (202) 874-1490.

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
_______________________________________________________________________




3115. CBI INVESTMENTS OF SECTION 936 FUNDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 936

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: REG-209014-89 (INTL-088-89).
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: George Sellinger (202) 874-1490.

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
_______________________________________________________________________




3116. 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: REG-208289-86 (INTL-939-86).
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Philip Garlett (202) 622-3880.
Treasury attorney: Mary Gillmarten (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
_______________________________________________________________________




3117. AMENDMENT TO SUBPART F DEFINITIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 954

CFR Citation:  26 CFR 1.954

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: REG-209602-92 (INTL-75-92).
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Bruce Cohen (202) 622-0871.

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
_______________________________________________________________________




3118. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 964

[[Page 63044]]

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: REG-209022-89 (INTL-087-89).
Drafting attorney: M. Grace Fleeman (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.

Agency Contact: M. Grace Fleeman, Attorney-Adviser, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 202224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AM90
_______________________________________________________________________




3119. 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: REG-209545-92 (INTL-018-92).
Drafting attorney: M. Grace Fleeman (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.

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
_______________________________________________________________________




3120. 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: REG-209572-92 (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
_______________________________________________________________________




3121. 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: REG-208270-86 (INTL-965-86).
Drafting attorney: Richard Hoge (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.

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
_______________________________________________________________________




3122. MARK-TO-MARKET METHOD OF ACCOUNTING UNDER SECTION 988

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 989

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

[[Page 63045]]

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: REG-208202-91 (INTL-015-91).
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.

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
_______________________________________________________________________




3123. 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: REG-209012-86 (INTL-043-86).
Drafting attorney: David Bergkuist (202) 622-3860.
Reviewing attorney: Jacob Feldman (202) 622-3870.
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
_______________________________________________________________________




3124. 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: REG-209008-89 (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
_______________________________________________________________________




3125. 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                    10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209632-89 (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: 202 622-4513

RIN: 1545-AM98
_______________________________________________________________________




3126.  INFLATION-INDEXED SECURITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1275

CFR Citation:  26 CFR 1

[[Page 63046]]

Legal Deadline: None

Abstract: The regulations will provide guidance on the tax treatment of 
inflation-indexed bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulation            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-242996-96.
Drafting attorney: Jeffrey W. Maddrey (202) 622-3930.
Reviewing attorney: William E. Blanchard (202) 622-3950.
Treasury attorney: Clarissa Potter (202) 622-0999.
CC:DOM:FI&P.

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

RIN: 1545-AU44
_______________________________________________________________________




3127. 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: REG-209054-87 (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
_______________________________________________________________________




3128. PASSIVE FOREIGN INVESTMENT COMPANIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1294; 26 USC 1297; 26 USC 1291

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: REG-209777-86 (INTL-941-86).
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 Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AI33
_______________________________________________________________________




3129. PASSIVE FOREIGN INVESTMENT COMPANIES--SPECIAL RULES FOR FOREIGN 
BANKS AND SECURITIES DEALERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1296

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: REG-209733-93 (INTL-65-93).
Drafting attorney: William H. Morris (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Patricia Brown (202) 622-1781.

Agency Contact: William H. Morris, 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-AS46
_______________________________________________________________________




3130. INCOME TAX--DEFINITIONS AND SPECIAL RULES PERTAINING TO S 
CORPORATIONS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                    12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209452-82 (PS-268-82).

[[Page 63047]]

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: 202 622-4513

RIN: 1545-AE94
_______________________________________________________________________




3131.  SECTION 1441 FINAL REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Final regulations under section 1441 and information 
reporting.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-242282-96.
Drafting attorney: Philip Garlett (202) 622-3880.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: Ann Fisher (202) 622-1775.
CC:INTL.

Agency Contact: Philip Garlett, Senior Technical Reviewer, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue 
NW., Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AU43
_______________________________________________________________________




3132. 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            07/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209049-86 (INTL-938-86).
Drafting attorney: Ronald Gootzeit (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.

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
_______________________________________________________________________




3133. REQUIREMENTS TO ENSURE COLLECTION OF SECTION 2056A ESTATE TAX

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 2056A

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: The final regulation provides guidance relating to the 
additional requirements necessary to ensure the collection of the 
estate tax imposed under section 2056A(b) with respect to taxable 
events involving qualified domestic trusts. (QDOTS) described in 
section 2056A(a).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/22/95                    60 FR 43574
Final Action                    10/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209705-94 (PS-25-94).
Drafting attorney: Susan B. Hurwitz (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

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

RIN: 1545-AT64
_______________________________________________________________________




3134. SALE OF RESIDENCE FROM QUALIFIED PERSONAL RESIDENCE TRUST

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                            04/16/96                    61 FR 16623
Final Action                    06/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209811-86 (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

[[Page 63048]]

_______________________________________________________________________




3135. FUTA TAXATION OF AMOUNTS UNDER EMPLOYEE BENEFIT PLANS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 3306

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: REG-209807-95 (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
_______________________________________________________________________




3136. RETAIL EXCISE TAXES ON CERTAIN LUXURY ITEMS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                    12/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209004-90 (PS-94-90).
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
_______________________________________________________________________




3137. 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
Final Action                    04/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-209753-95 (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
_______________________________________________________________________




3138. 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                    10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209414-86 (PS-158-86).
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: John Parcell (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
_______________________________________________________________________




3139. 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: REG-208274-86 (INTL-978-86).
Drafting attorney: Ricardo A. Cadenas (202) 874-1490.

[[Page 63049]]


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
_______________________________________________________________________




3140. 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                    05/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209789-95 (IA-39-95).
Drafting attorney: Beverly A. Baughman (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.

Agency Contact: Beverly A. Baughman, Atorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AQ68
_______________________________________________________________________




3141.  INCOME TAXES AUTOMATIC EXTENSION OF TIME TO FILE 
PARTNERSHIP RETURN OF INCOME AND TRUST INCOME TAX RETURN

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: This action may affect the private sector under       
    PL 104-4.

Legal Authority:  26 USC 6081

CFR Citation:  26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: Regulations relate to automatic extension of time to file 
partnership returns of income and trust income tax returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/05/88                    53 FR 11103
Final Action                    11/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-209260-88 (IA-29-88).
Drafting attorney: Nancy Romano (202) 622-7606.
Reviewing attorney: Norlyn Miller (202) 622-7606.
Previous RIN 1545-AL38.

Agency Contact: Nancy Romano, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., Room 
5136, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AU47
_______________________________________________________________________




3142. DISCLOSURE OF RETURN INFORMATION TO THE U.S. CUSTOMS SERVICE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; PL 103-182

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                    10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209701-94 (DL-21-94).
Drafting attorney: Donald Squires (202) 622-4570.
Reviewing attorney: Joseph Urban (202) 622-4570.
Treasury attorney: Chris Rizek (202) 622-1338.

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
_______________________________________________________________________




3143. 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

[[Page 63050]]

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: REG-209790-95 (DL-40-95).
Drafting attorney: Donald Squires (202) 622-4570.
Reviewing attorney: Joseph Urban (202) 622-4570.
Treasury attorney: Chris Rizek (202) 622-1338.

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
_______________________________________________________________________




3144. 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: REG-208214-90 (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 REG-209720-94
(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
_______________________________________________________________________




3145. INTEREST-FREE ADJUSTMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6205

CFR Citation:  26 CFR 31.6205

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: Reg-209538-92 (EE-12-92).
Drafting attorney: 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
_______________________________________________________________________




3146. SELECTION OF TAX MATTERS PARTNER FOR LIMITED LIABILITY COMPANIES

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 6230; 26 USC 6230; 26 USC 7805

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
NPRM Comment Period End         01/29/96
Final Action                    10/00/96

Small Entities Affected: Undetermined

Government Levels Affected: Federal

Additional Information: REG-209561-92 (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
_______________________________________________________________________




3147. FEDERAL TAX DEPOSITS BY ELECTRONIC FUNDS TRANSFER

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 6302

CFR Citation:  26 CFR 1; 26 CFR 31; 26 CFR 40

[[Page 63051]]

Legal Deadline:  Final, Statutory, July 6, 1997.

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

________________________________________________________________________

Hearing                         09/12/94                    59 FR 35418
NPRM                            03/21/96                    61 FR 11595
NPRM Comment Period End         06/18/96
Final Action                    06/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209683-94 (IA-3-94).
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
_______________________________________________________________________




3148. 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                    10/00/96

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-209755-95 (PS-8-95).
Drafting attorney: Ruth E. Hoffman (202) 622-3130.
Reviewing attorney: Jeffrey M. Nelson (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.

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
_______________________________________________________________________




3149. SPECIAL RULES FOR S CORPS UNDER 301.7701(B)-7

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 7701

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: REG-209720-94 (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 REG-208214-90
(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
_______________________________________________________________________




3150. AUTOMATIC EXTENSION OF TIME FOR FILING INDIVIDUAL TAX RETURNS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 6081; 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: REG-209643-93 (IA-41-93).
Drafting Attorney: Margaret Owens (202) 622-4940.
Reviewing Attorney: Norlyn Miller (202) 622-4940.

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

RIN: 1545-AS04
_______________________________________________________________________




3151. CERTAIN ELECTIONS UNDER THE OMNIBUS BUDGET RECONCILIATION ACT OF 
1993

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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.

[[Page 63052]]

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: REG-209664-93 (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
_______________________________________________________________________




3152. ARBITRAGE RESTRICTION ON TAX-EXEMPT BONDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 148; 26 USC 148; 26 USC 149; 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                    02/00/97

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Additional Information: REG-209687-94 (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-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437
Email: NOCLLJFI

RIN: 1545-AS49
_______________________________________________________________________




3153. DEBT INSTRUMENTS WITH OID; ANNUITY CONTRACTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1275

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: REG-209713-94 (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
Fax: 202 622-4425

RIN: 1545-AS76
_______________________________________________________________________




3154. REISSUANCE OF QUALIFIED TENDER BONDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

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: REG-209742-94 (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
Fax: 202 622-4437

RIN: 1545-AT10
_______________________________________________________________________




3155. METHODS OF SIGNING

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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                    10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209757-95 (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
_______________________________________________________________________




3156. STRADDLES - MISCELLANEOUS ISSUES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

[[Page 63053]]

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: REG-209768-95 (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
_______________________________________________________________________




3157. ERISA SEC. 204(H) NOTICE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

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: REG-209782-95 (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
_______________________________________________________________________




3158. SIMPLIFICATION OF ENTITY CLASSIFICATION RULES

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined
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:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations would replace the existing 
regulations for classifying certain business organizations with an 
elective regime. The proposed rules simplify the existing 
classification rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/13/96                    61 FR 21989
NPRM Comment Period End         08/12/96
Final Action                    12/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209795-95 (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
_______________________________________________________________________




3159. 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 6335 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 30012
NPRM Comment Period End         09/11/96
Final Action                    10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209814-96 (GL-7-96).
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
_______________________________________________________________________




3160.  EXTENSION OF TIME FOR MAKING CERTAIN ELECTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These regulations provide the standards the Commissioner will 
use to grant taxpayers extensions of time to make certain elections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/96                    61 FR 33408
NPRM Comment Period End         09/25/96
Final Action                    06/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209837-96 (IA-29-96).
Drafting attorney: Robert Testoff (202) 622-4960.

[[Page 63054]]


Reviewing attorney: Eric Pleat (202) 622-4970.
Treasury attorney: Annette Smith (202) 622-0868.

Agency Contact: Robert Testoff, Senior Technician Reviewer, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue 
NW., Washington, DC 20224
Phone: 202 622-4960

RIN: 1545-AU42
_______________________________________________________________________




3161. 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
Final Action                    10/00/96

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209808-96 (GL-1-96).
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)                    Long-Term Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




3162. DISABLED ACCESS CREDIT

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Mark Pitzer
Phone: 202 622-3110
Fax: 202 622-4524

RIN: 1545-AT72
_______________________________________________________________________




3163. 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
_______________________________________________________________________




3164. EXCLUSION FROM INCOME OF CERTAIN COST-SHARING PAYMENTS UNDER 
GOVERNMENT PROGRAMS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/21/81                    46 FR 27723
NPRM Comment Period End         07/20/81
Hearing                         12/01/81                    46 FR 50808


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: A. Michael Santoro
Phone: 202 622-3120

RIN: 1545-AT73
_______________________________________________________________________




3165. CONTINUATION COVERAGE REQUIREMENTS OF GROUP HEALTH PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 54

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                     12/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6060

RIN: 1545-AI93
_______________________________________________________________________




3166. QUALIFIED RESIDENCE INTEREST

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sharon L. Hall
Phone: 202 622-4930

RIN: 1545-AL67
_______________________________________________________________________




3167. DEMOLITION OF STRUCTURES DEFINITIONS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/20/96                    61 FR 31473
NPRM Comment Period End         09/18/96


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Bernard Harvey
Phone: 202 622-3110

[[Page 63055]]

Fax: 202 622-4524

RIN: 1545-AR63
_______________________________________________________________________




3168. GOLDEN PARACHUTE PAYMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

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


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Misner
Phone: 202 622-6060

RIN: 1545-AH49
_______________________________________________________________________




3169. 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. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM Comment Period End         01/20/92                    57 FR 59327
NPRM                            12/15/92                    57 FR 59324


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Keith E. Stanley
Phone: 202 622-7530

RIN: 1545-AP52
_______________________________________________________________________




3170. DEEMED PURCHASE PRICE WHEN CERTAIN STOCK PURCHASES ARE TREATED AS 
ASSET ACQUISITIONS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/86                    51 FR 23790
NPRM Comment Period End         09/02/86


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Andrew Eisenberg
Phone: 202 622-7790

RIN: 1545-AF29
_______________________________________________________________________




3171. SECTION 338(H)(10) AND INSURANCE COMPANIES

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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
_______________________________________________________________________




3172.  TREATMENT OF SECTION 355 DISTRIBUTION BY US CORPORATIONS 
TO FOREIGN PERSONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations modifying the 1993 final regulations 
under section 367(e)(1).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/14/96                    61 FR 42217


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209827-96 (INTL-020-96).
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: David Sutherland (202) 622-1754.

Agency Contact: Philip L. 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-AU22
_______________________________________________________________________




3173.  REGULATIONS UNDER SECTION 382

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 382; 26 USC 383

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed amendments to the regulations under IRS section 382. 
The proposed rules relate to the application of section 382 in short 
taxable years and with respect to controlled groups. Additional rules 
amend certain aspects of section 1.38-2T relating principally to the 
separate tracking of the stock ownership of loss corporations that 
cease to exist following a merger or similar transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/96                    61 FR 33391
NPRM Comment Period End         09/26/96


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209833-96 (CO-26-96).
Drafting attorney: David Friedel (202) 622-7790.

Agency Contact: David Friedel, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7709

RIN: 1545-AU33
_______________________________________________________________________




3174.  403B SALARY REDUCTION ELECTION

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Amend current final regulation to provide more frequent than 
annual salary deferral elections.

[[Page 63056]]

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209818-96 (EE-11-96).
Drafting attorney: Catherine Fernandez (202) 622-6030.
Reviewing attorney: Robert Patchell (202) 622-6030.

Agency Contact: Catherine L. Fernandez, Senior Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, Attn: CC:EBEO:B01
Phone: 202 622-6030

RIN: 1545-AU21
_______________________________________________________________________




3175. ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND EMPLOYEE 
CONTRIBUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/95                    60 FR 66532
NPRM Comment Period End         03/21/96
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AT82
_______________________________________________________________________




3176. TREATMENT OF FUNDED WELFARE BENEFIT PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Janet Laufer
Phone: 202 622-6060

RIN: 1545-AG14
_______________________________________________________________________




3177. HYBRID INSTRUMENTS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Alan Munro
Phone: 202 622-3920
Fax: 202 622-4425

RIN: 1545-AR13
_______________________________________________________________________




3178. GUIDANCE ON WHAT CONSTITUTES AN INTEREST OTHER THAN THAT OF A 
CREDITOR

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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
_______________________________________________________________________




3179. SECTION 467 RENTAL AGREEMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/03/96                    61 FR 27834
NPRM Comment Period End         09/03/96
Final Action                    12/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Forest Boone
Phone: 202 622-4960

RIN: 1545-AU11
_______________________________________________________________________




3180. GUIDANCE ON SECTION 468

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary A. Berman
Phone: 202 622-3120

RIN: 1545-AT59
_______________________________________________________________________




3181. APPLICATION OF PASSIVE ACTIVITY LOSS AND CREDIT LIMITATIONS TO 
TRUSTS, ESTATES, AND THEIR BENEFICIARIES

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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
_______________________________________________________________________




3182. INVENTORIES BY DEALERS IN SECURITIES SECTION 1.471-5

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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
_______________________________________________________________________




3183.  GUIDANCE REGARDING CHARITABLE REMAINDER TRUST

Priority:  Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 664

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation project will provide additional guidance on 
charitable remainder trusts.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209823-96 (PS-16-96).
Drafting attorney: Jeffrey Erickson (202) 622-3070.
Drafting attorney: Mary Beth Collins (202) 622-3070.

[[Page 63057]]



Agency Contact: Jeff Erickson or Mary Beth Collins, Attorney-Advisor, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC 20224
Phone: 202 622-3070

RIN: 1545-AU25
_______________________________________________________________________




3184. PAYMENTS TO A RETIRING PARTNER OR A DECEASED PARTNER'S SUCCESSOR 
IN INTEREST

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Terri A. Belanger
Phone: 202 622-3080

RIN: 1545-AT31
_______________________________________________________________________




3185. EXTENSION OF TIME FOR REAL ESTATE MORTGAGE INVESTMENT CONDUITS TO 
PROVIDE REPORTING INFORMATION

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/30/91                    56 FR 49525
Hearing                         12/05/91                    56 FR 49526
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kenneth P. Christman
Phone: 202 622-3950
Fax: 202 622-4425

RIN: 1545-AP73
_______________________________________________________________________




3186. ALLOCATION OF LOSS ON DISPOSITION OF STOCK

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/08/96                    61 FR 35696
NPRM Comment Period End         10/07/96


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Seth Goldstein
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AT41
_______________________________________________________________________




3187. STOCK REDEMPTION INCIDENT TO DIVORCE

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Susie Bird
Phone: 202 622-4960

RIN: 1545-AT24
_______________________________________________________________________




3188.  EXTRAORDINARY DIVIDENDS/1059(E)(2)

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 1059

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations are necessary to clarify that certain 
distributions in redemption of stock are treated as extraordinary 
dividends not withstanding provisions that otherwise might exempt the 
distributions from extraordinary dividend treatment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/18/96                    61 FR 30845
NPRM Comment Period End         09/16/96
Final Action                    12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209816-96 (CO-9-96).
Drafting attorney: Richard Passales (202) 622-7530.
Reviewing attorney: Vicki J. Hyche (202) 622-7530.

Agency Contact: Richard K. Passales, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7530

RIN: 1545-AU16
_______________________________________________________________________




3189.  QUALIFIED SMALL BUSINESS STOCK

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority:  26 USC 7805; 26 USC 1202

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 1202(c) does not treat stock as qualified small 
business stock if the corporation has made certain purchases of its own 
stock. This regulation establishes exceptions for de minimis purchases 
and for purchases in connection with termination of services, death or 
disability or mental incompetency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/06/96                    61 FR 28821
NPRM Comment Period End         09/04/96


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209706-94 (IA-26-94).
Drafting attorney: Catherine Prohofsky (202) 622-4930.
Reviewing attorney: Christopher Kane (202) 622-930.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Catherine Prohofsky, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4930

RIN: 1545-AU34

[[Page 63058]]

_______________________________________________________________________




3190. CONSOLIDATED ALTERNATIVE MINIMUM TAX

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/92                    57 FR 62251
NPRM Comment Period End         03/01/93
Final Action                    10/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Martin Scully
Phone: 202 622-4960

RIN: 1545-AN73
_______________________________________________________________________




3191.  CONSOLIDATED RETURNS--LIMITATIONS ON THE USE OF CERTAIN 
LOSSES, DEDUCTIONS, AND CREDITS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed amendments to the regulations relating to deductions 
and losses of members of consolidated groups. The amendments concern 
the method for computing the limitations with respect to separate 
return limitation year losses. They also concern the rules relating to 
carryover and carryback of losses to consolidated and separate return 
year and to the built-in deduction rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/96                    61 FR 33393
NPRM Comment Period End         09/26/96


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209831-96 (CO-24-96).
Drafting attorney: David Friedel (202) 622-7709.

Agency Contact: David Friedel, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7709

RIN: 1545-AU31
_______________________________________________________________________




3192.  REGULATIONS UNDER SECTION 1502

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed additions to the consolidated return regulations. 
The new rules relate to limitations on net operating loss carryforwards 
and certain built-in losses and credits following an ownership change 
(within the meaning of IRC section 382) with respect to consolidated 
groups.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/96                    61 FR 33395
NPRM Comment Period End         09/26/96


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209832-96 (CO-25-96).
Drafting attorney: David Friedel (202) 622-7790.

Agency Contact: David Friedel, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7709

RIN: 1545-AU32
_______________________________________________________________________




3193. ESTATE TAX--ANNUITY EXCLUSION REPEAL

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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
_______________________________________________________________________




3194. REFORMATION OF CHARITABLE TRANSFERS-DEFINITION OF GUARANTEED 
ANNUITY AND LEAD UNITRUST INTEREST

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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
_______________________________________________________________________




3195.  GST REVISION

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 2663

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Revision of GST regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/12/96                    61 FR 29714
NPRM Comment Period End         09/10/96


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209829-96 (PS-22-96).
Drafting attorney: James Hogan (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Treasury attorney: Beth Kaufman (202) 622-1766.

Agency Contact: James Hogan, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3090
Fax: 202 622-4524

RIN: 1545-AU26

[[Page 63059]]

_______________________________________________________________________




3196. FICA TAXATION OF CERTAIN DEFERRED COMPENSATION AND SALARY 
REDUCTION ARRANGEMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/96                     61 FR 2194


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David Pardys
Phone: 202 622-6040

RIN: 1545-AF97
_______________________________________________________________________




3197. ELECTRONIC FILING OF FORM W-4

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/94                    59 FR 65740
NPRM Comment Period End         02/21/95


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AR67
_______________________________________________________________________




3198.  ELECTRONIC FILING OF FORM W-4

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 3402

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation authorizes employers to establish electronic 
signatures for use be their employees in filing their forms W-4, 
Employee's withholding allowance certificate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulation            11/00/97

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: REG-209647-93 (EE-45-93).
Drafting attorney: Karin Loverud (202) 622-6060.
Reviewing attorney: Mark Schimmer (202) 622-6060.

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

RIN: 1545-AU59
_______________________________________________________________________




3199.  TIN MATCHING

Priority:  Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 3406

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To provide for the establishment of a taxpayer identification 
number matching program for payors of reportable payments as described 
under section 3406(b)(1).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/22/94                    59 FR 13470


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209535-92 (IA-8-92).
Drafting attorney: Renay France (202) 622-4940.
Reviewing attorney: John Coulter (202) 622-4910.
Treasury attorney: Clarissa Potter (202) 622-0999.

Agency Contact: Renay France, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-8065

RIN: 1545-AU54
_______________________________________________________________________




3200. 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: 202 622-6040
Fax: 202 622-4631

RIN: 1545-AE62
_______________________________________________________________________




3201. EXCISE TAX ON AVIATION FUEL

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/97

Small Entities Affected: Businesses

Government Levels Affected: State, Local, Federal

Agency Contact: Frank Boland
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AL43
_______________________________________________________________________




3202. CHEMICAL TAX UNDER SECTION 4461 AND IMPORTED SUBSTANCE TAX UNDER 
SECTION 4671

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 52

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AL73
_______________________________________________________________________




3203.  MAGNETIC MEDIA FILING REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6011; 26 USC 6045

CFR Citation:  26 CFR 301; 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations prescribe new magnetic media 
filing

[[Page 63060]]

requirements for employees in Puerto Rico, Guam, American Samoa, and 
U.S. Virgin Islands. In addition, these regulations provide taxpayers 
with the guidance to comply with the changes made to the Code and the 
administrative practices with respect to filing on magnetic media.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209803-95 (IA-52-95).
Drafting attorney: Donna Welch (202) 622-4910.
Reviewing attorney: John McGreevy (202) 622-4910.
Treasury attorney: Annette Smith (202) 622-0868.

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

RIN: 1545-AU48
_______________________________________________________________________




3204. 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
_______________________________________________________________________




3205.  DEFINITION OF REASONABLE BASIS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 6662

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulation relates to the accuracy related penalty. This 
regulation provides a definition of reasonable basis and provides 
corrections to the final regulations relating to the accuracy-related 
penalty.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-209792-95 (IA-42-95).
Drafting attorney: Nancy Romano (202) 622-4940.

Agency Contact: Nancy Romano, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AU38
_______________________________________________________________________




3206. INTERIM FISHING VESSEL CAPITAL CONSTRUCTION FUND PROCEDURES

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

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
_______________________________________________________________________




3207. EXTENSION OF STATUTE OF LIMITATIONS IN JOHN DOE SUMMONS DISPUTES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jerome D. Sekula
Phone: 202 622-3610

RIN: 1545-AM67
_______________________________________________________________________




3208. SUSPENSION OF RUNNING OF PERIOD OF LIMITATIONS DURING PROCEEDING 
TO ENFORCE DESIGNATED SUMMONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Jerome D. Sekula
Phone: 202 622-3610

RIN: 1545-AQ01
_______________________________________________________________________




3209. TECHNICAL CORRECTIONS FOR CHAPTER 14

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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
_______________________________________________________________________




3210. DISCLAIMER OF INTERESTS AND POWER

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 25

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/21/96                    61 FR 43197


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dale Carlton
Phone: 202 622-3090

RIN: 1545-AR52
_______________________________________________________________________




3211. GUIDANCE FOR AIR CARGO CARRIERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 49

[[Page 63061]]

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
_______________________________________________________________________




3212. QUALIFIED TRANSPORTATION FRINGE

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
_______________________________________________________________________




3213. EFFECT OF THE FAMILY AND MEDICAL LEAVE ACT ON THE OPERATION OF 
CAFETERIA PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/95                    60 FR 66229


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Catherine Fuller
Phone: 202 622-6080
Fax: 202 622-3912

RIN: 1545-AT47
_______________________________________________________________________




3214. PASS THROUGH ITEMS OF S CORPORATION TO ITS SHAREHOLDERS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Agency Contact: Deane M. Burke
Phone: 202 622-3080

RIN: 1545-AT52
_______________________________________________________________________




3215. PROPERTY DISTRIBUTED IN KIND AND TREATMENT OF MULTIPLE TRUSTS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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
_______________________________________________________________________




3216. AMORTIZATION-GOODWILL INTANGIBLES 197

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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
_______________________________________________________________________




3217. TO ADD PROVISIONS RELATING TO START-UP EXPENDITURES

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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
_______________________________________________________________________




3218. EFFECTIVE DATE OF TEMPORARY BACKUP WITHHOLDING REGULATIONS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 31; 26 CFR 35

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/95                    60 FR 66243
NPRM Comment Period End         03/20/96
Final Action                    10/00/97

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Renay France
Phone: 202 622-8065

RIN: 1545-AT77
_______________________________________________________________________




3219. TIMING OF NOTICE AND CONSENT REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/22/95                    60 FR 49236
NPRM Comment Period End         12/30/95


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Marjorie Hoffman
Phone: 202 622-6030

RIN: 1545-AU05
_______________________________________________________________________




3220. MODIFICATION OF BAD DEBTS AND DEALER ASSIGNMENTS OF NOTIONAL 
PRINCIPAL CONTRACTS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/25/96                    61 FR 32728
NPRM Comment Period End         09/23/96


Next Action Undetermined

Small Entities Affected: None

[[Page 63062]]

Government Levels Affected: None

Agency Contact: Craig Wojay
Phone: 202 622-3018
Fax: 202 622-4425

RIN: 1545-AU06
_______________________________________________________________________




3221. BOND PREMIUM AMORTIZATION

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/96                    61 FR 33396
NPRM Comment Period End         09/25/96
Hearing                         10/23/96                    61 FR 33396


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William Cejudo
Phone: 202 622-3920

RIN: 1545-AU09
_______________________________________________________________________




3222.  MEMBERS OF LLC CLASSIFIED AS A PARTNERSHIP FOR FEDERAL 
TAX PURPOSES THAT ARE TREATED AS LIMITED PARTNERS FOR PURPOSES OF 
SECTION 1402(A)(13) OF THE CODE

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation defines which partners in a partnership will 
be treated as limited partners for purposes of section 1402(a)(13) of 
the Code.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209824-96 (PS-17-96).
Drafting attorney: Lindsay Russell (202) 622-3050.
Reviewing attorney: Robert G. Hanigman (202) 622-3050.

Agency Contact: D. Lindsay Russell and Robert Honigman, Attorney-
Advisor, Department of the Treasury, Internal Revenue Service, 1111 
Constitution Avenue NW., Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-AU24
_______________________________________________________________________




3223.  SECTION 468A REVISED SCHEDULES OF RULING AMOUNTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This notice of proposed rulemaking proposes changes to the 
regulations under section 468A relating to requests for schedules of 
ruling amounts. Specifically, the proposed regulations would ease the 
burden on electing taxpayers by expanding the scope and availability of 
schedules of ruling amounts based on a formula or method.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209828-96 (PS-21-96).
Drafting attorney: Peter Friedman (202) 622-3110.

Agency Contact: Peter Friedman, Attorny-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3110
Fax: 202 622-4779

RIN: 1545-AU28
_______________________________________________________________________




3224.  PAYMENT FROM THE PRESIDENTIAL PRIMARY MATCHING PAYMENT 
ACCOUNT

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 702.9037

Legal Deadline: None

Abstract: The Presidential Election Campaign Fund regulations will be 
revised to require, when the Presidential Primary matching payment 
account is in a shortfall position, that the Secretary make an 
additional payment, between regular payment dates, to Presidential 
primary candidates certified by the Federal Election Commission. The 
regulations will set forth a method for determining the amount of the 
additional payment.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Federal

Additional Information: REG-209815-96 (IA-8-96).
Drafting attorney: Jefferson K. Fox (202) 622-430.

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

RIN: 1545-AU57
_______________________________________________________________________




3225. REGULATIONS ON INCOME TAX UNDER THE TAX REFORM ACT OF 1984, 
RELATING TO BELOW-MARKET LOANS

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

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
Fax: 202 622-4425

RIN: 1545-AH72

[[Page 63063]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




3226. AMENDMENT TO THE REGULATIONS UNDER SECTION 61 TO CONFORM THE 
TREATMENT OF BOND PREMIUM INCOME TO THE CONSTANT YIELD METHOD

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      08/15/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William Cejudo
Phone: 202 622-3920

RIN: 1545-AL92
_______________________________________________________________________




3227. CLUB DUES UNDER SECTION 274

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8666            05/30/96                    61 FR 27005
Final Action Effective          05/30/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Sapienza
Phone: 202 622-4920
Fax: 202 622-6316

RIN: 1545-AS74
_______________________________________________________________________




3228. DEFINITION OF ``PRIVATE ACTIVITY BOND'', ``QUALIFIED BOND''

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR l

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8673            05/31/96                    61 FR 27258
Final Action Effective          05/31/96

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Agency Contact: Loretta J. Finger
Phone: 202 622-3980
Fax: 202 622-4437
Email: NOCLLJFI

RIN: 1545-AM01
_______________________________________________________________________




3229. LIKE-KIND EXCHANGES INVOLVING TAX-EXEMPT USE PROPERTY: LEASE TERM

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8667            04/29/96                    61 FR 18675
Final Action Effective          04/29/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John M. Aramburu
Phone: 202 622-4960

RIN: 1545-AT33
_______________________________________________________________________




3230. BOND PREMIUM AMORTIZATION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      08/15/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William P. Cejudo
Phone: 202 622-3920

RIN: 1545-AU02
_______________________________________________________________________




3231. SECTION 351(E): 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.

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8663            05/02/96                    61 FR 19544
Final Action Effective          05/02/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Andrew M. Eisenberg
Phone: 202 622-7790
Fax: 202 622-6834

RIN: 1545-AT43
_______________________________________________________________________




3232. CERTAIN CORPORATE DISTRIBUTIONS TO FOREIGN CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8472            01/25/93                     58 FR 5927
Final Action Effective          01/16/93

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AL35
_______________________________________________________________________




3233.  TREATMENT OF SECTION 355 DISTRIBUTION BY US CORPORATIONS 
TO FOREIGN PERSONS

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations modifying the 1993 final regulations 
under section 367(e)(1).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8682            08/14/96                    61 FR 42165
Final Action Effective          08/14/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209827-96 (INTL-020-96).
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: David Sutherland (202) 622-1754.

Agency Contact: Philip L. 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-AU23

[[Page 63064]]

_______________________________________________________________________




3234.  REGULATIONS UNDER SECTION 382 OF THE 1986 IRC; 
APPLICATION OF SECTION 382 IN SHORT TAXABLE YEARS AND WITH RESPECT TO 
CONTROLLED GROUPS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 382

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Final and temporary regulations relating to limitations on 
net operating loss carry forwards and certain built-in losses following 
an ownership change in short taxable years and with respect to members 
of controlled groups. Final regulations amend the rules relating to the 
end of separate tracking of the stock of loss corporations that cease 
to exist following a merger or similar transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8679            06/27/96                    61 FR 33313

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209833-96 (CO-26-96).
Drafting attorney: David Friedel (202) 622-7709.

Agency Contact: David Friedel, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7709

RIN: 1545-AU37
_______________________________________________________________________




3235.  REVISION OF SECTION 482; COST-SHARING REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Final regulations modifying the active conduct rule of the 
1995 cost sharing regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8670            05/13/96                    61 FR 21955

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209825-96 (INTL-018-96).
Drafting attorney: Lisa Sams (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.

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-AU20
_______________________________________________________________________




3236. MERGER OR DIVISION OF COMMON TRUST FUNDS--SECTION 584

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8662            05/02/96                    61 FR 19546
Final Action Effective          05/02/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AQ64
_______________________________________________________________________




3237. COMPUTATION OF INTEREST EXPENSE DEDUCTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8658            03/08/96                     61 FR 9326
Final Action Effective          06/06/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Richard Hoge
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AL84
_______________________________________________________________________




3238. AMENDMENTS TO THE BRANCH PROFITS TAX UNDER SECTIONS 884 AND 864

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8657            03/08/96                     61 FR 9336

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AQ58
_______________________________________________________________________




3239. SECTION 936 REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8669            05/10/96                    61 FR 21366
Final Action Effective          05/10/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary Gillmarten
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AR18
_______________________________________________________________________




3240. MODIFICATIONS OF DEBT INSTRUMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8675            06/26/96                    61 FR 32926
Final Action Effective          09/24/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Tom Kelly
Phone: 202 622-3940
Fax: 202 622-4425

RIN: 1545-AR04
_______________________________________________________________________




3241. CONTINGENT AND VARIABLE DEBT INSTRUMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8674            06/14/96                    61 FR 30133
Final Action Effective          08/13/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William E. Blanchard
Phone: 202 622-3950

RIN: 1545-AQ86

[[Page 63065]]

_______________________________________________________________________




3242. DEBT INSTRUMENTS WITH ORIGINAL ISSUE DISCOUNT: ANTI-ABUSE RULE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8674            06/14/96                    61 FR 30133
Final Action Effective          08/13/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William E. Blanchard
Phone: 202 622-3950

RIN: 1545-AS35
_______________________________________________________________________




3243. GENERAL REVISION OF SECTION 1441 REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      07/09/96

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Ahmad Pirasteh
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AO27
_______________________________________________________________________




3244. MEMBER STOCK TRANSACTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8660            03/14/96                    61 FR 10447
Final Action Effective          03/14/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Victor Penico
Phone: 202 622-7750
Fax: 202 622-6834

RIN: 1545-AT51
_______________________________________________________________________




3245. MEMBER STOCK TRANSACTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Closed without 
regulations                     08/31/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Roy Hirschhorn
Phone: 202 622-7770

RIN: 1545-AU03
_______________________________________________________________________




3246.  CONSOLIDATED RETURNS--LIMITATIONS ON THE USE OF CERTAIN 
LOSSES, AND DEDUCTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Temporary and final amendments to the consolidated return 
regulations relating to deductions and losses of members. The temporary 
amendments concern the method of computing the limitations with respect 
to separate return limitation year losses. They also concern the rules 
relating to carryover and carryback of losses to consolidated and 
separate return years and to the built-in deduction rules. Final 
amendments are made amending definitions and redesignating sections 
displaced by temporary regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8677            06/27/96                    61 FR 33321

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209831-96 (CO-24-96).
Drafting attorney: David Friedel (202) 622-7790.

Agency Contact: David Friedel, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7709

RIN: 1545-AU35
_______________________________________________________________________




3247.  REGULATIONS UNDER SECTION 1502OF THE IRC OF 1980; 
LIMITATIONS ON NET OPERATING LOSS CARRYFORWARDS AND CERTAIN BUILT-IN 
LOSSES AND CREDITS FOLLOWING AN OWNERSHIP CHANGE OF A CONSOLIDATED GROUP

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1502; 26 USC 382

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations regarding the operations of sections 
382 and 383 of the 1986 IRS (relating to limitations on net operation 
loss carryforwards and certain built-in losses and credits following an 
ownership change) with respect to consolidated groups.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8678            06/27/96                    61 FR 33335

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209832-96 (CO-25-96).
Drafting attorney: David Friedel (202) 622-7790.

Agency Contact: David Friedel, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution AvenueNW, 
Washington, DC 20224
Phone: 202 622-7709

RIN: 1545-AU36
_______________________________________________________________________




3248. AMEND SECTION 26.2662-1(C) OF THE TEMPORARY REGULATIONS TO 
INCREASE THE AMOUNT FOR WHICH THE EXECUTOR IS LIABLE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 26

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

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

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James Hogan
Phone: 202 622-3090

RIN: 1545-AO89

[[Page 63066]]

_______________________________________________________________________




3249. INFORMATION REPORTING AND BACKUP WITHHOLDING

Priority:  Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8664            04/22/96                    61 FR 17572
Final Action Effective          01/01/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Teresa B. Hughes
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AL99
_______________________________________________________________________




3250. DIESEL FUEL EXCISE TAX

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8659            03/14/96                    61 FR 10450
Final Action Effective          03/14/96

Small Entities Affected: Businesses

Government Levels Affected: State

Agency Contact: Frank Boland
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AR92
_______________________________________________________________________




3251. COMMUNICATIONS TAX REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 49

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      06/21/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Bernard Weberman
Phone: 202 622-3163
Fax: 202 622-4537

RIN: 1545-AP67
_______________________________________________________________________




3252. REPORTING ON NONPAYROLL WITHHELD TAX LIABILITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8672            05/30/96                    61 FR 27007
Final Action Effective          05/30/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Vincent Surabian
Phone: 202 622-4940

RIN: 1545-AT86
_______________________________________________________________________




3253. AMENDMENT TO SECTION 6109 REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8671            06/28/96                    61 FR 33657
Final Action Effective          05/29/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AS83
_______________________________________________________________________




3254. REVISION OF SECTION 6114 REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      07/10/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David F. Bergkuist
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AT00
_______________________________________________________________________




3255. DEFINITION OF REASONABLE BASIS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Closed without 
regulations                     08/31/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Rochelle Hodes
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AT88
_______________________________________________________________________




3256. UPDATE OF LIST OF LEGAL HOLIDAYS FOR PURPOSES OF TIME FOR 
PERFORMANCE OF ACTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8681            08/14/96                    61 FR 42178

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Judith A. Lintz
Phone: 202 622-4940

RIN: 1545-AT22
_______________________________________________________________________




3257. ENVIRONMENTAL SETTLEMENT FUNDS--CLASSIFICATION 7701

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8668            05/01/96                    61 FR 19189
Final Action Effective          05/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James A. Quinn
Phone: 202 622-3060
Fax: 202 622-4513

RIN: 1545-AT02
_______________________________________________________________________




3258. MODIFICATIONS OF BAD DEBTS AND DEALER ASSIGNMENTS OF NOTIONAL 
PRINCIPAL CONTRACTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8676            06/25/96                    61 FR 32653
Final Action Effective          09/23/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Craig Wojay
Phone: 202 622-3018
Fax: 202 622-4425

RIN: 1545-AT14

[[Page 63067]]

_______________________________________________________________________




3259. TREATMENT OF UNDERWRITERS IN SECTION 351 AND SECTION 721

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8665            05/01/96                    61 FR 19188
Final Action Effective          05/01/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Susan T. Edlavitch
Phone: 202 622-7750

RIN: 1545-AT55
_______________________________________________________________________




3260. EXTENSION OF 45-DAY INTEREST-FREE PERIOD FOR REFUNDS OF 
OVERPAYMENTS OF TAX

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      04/29/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael L. Gompertz
Phone: 202 622-4910

RIN: 1545-AU04
_______________________________________________________________________




3261.  EXTENSION OF TIME FOR MAKING CERTAIN ELECTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: These regulations provide the standards the Commissioner will 
use to grant taxpayers extensions of time to make certain elections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8680            06/27/96                    61 FR 33365

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209837-96 (IA-29-96).
Drafting attorney: Robert Testoff (202) 622-4960.
Reviewing attorney: Eric Pleat (202) 622-4970.
Treasury attorney: Annette Smith (202) 622-0868.

Agency Contact: Robert Testoff, Senior Technician Reviewer, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue 
NW., Washington, DC 20224
Phone: 202 622-4960

RIN: 1545-AU41
BILLING CODE 4830-01-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3262.  DEPOSITS AND ELECTRONIC BANKING

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 
12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12 
USC 3806; 42 USC 4102a; 42 USC 4104a; 42 USC 4104b; 42 USC 4106; 42 USC 
4128

CFR Citation:  12 CFR 545; 12 CFR 563

Legal Deadline: None

Abstract: OTS has taken under consideration the adoption of a notice of 
proposed rulemaking and advance notice of proposed rulemaking to 
substantially streamline its deposit-related regulations and to solicit 
comment on how to revise and update its electronic banking regulations. 
Each pertinent regulation will undergo a detailed staff review to 
determine whether it is necessary, imposes the least burden possible 
consistent with safety and soundness and is written in a clear and 
straightforward manner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/00/96
NPRM                            11/00/96

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-AB00
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3263. 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                            10/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

[[Page 63068]]

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
_______________________________________________________________________




3264. COMMUNITY REINVESTMENT ACT HEARING PROCEDURES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 2901 et seq

CFR Citation:  12 CFR 543

Legal Deadline: None

Abstract: The OTS intends to rewrite its regulatory provisions 
concerning the determination of whether CRA protests are considered 
substantial. The intended effect of the rule is to give OTS additional 
discretion, paralleling that of the other Federal banking agencies, 
over whether to conduct oral hearings.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1550-AA83
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3265. 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                    01/00/97

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
_______________________________________________________________________




3266. ``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                    11/00/96

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
_______________________________________________________________________




3267. 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

[[Page 63069]]

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                    10/00/96

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
_______________________________________________________________________




3268. 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 has reviewed its corporate governance regulations, 
for both mutual and stock savings associations, to determine which 
regulations can be eliminated or improved in order to reduce regulatory 
burden for the thrift industry. The results of the review were 
published in the form of a notice of proposed rulemaking.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/25/96                    61 FR 32713
NPRM Comment Period End         08/26/96
Final Action                    10/00/96

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
_______________________________________________________________________




3269. 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 has involved the review and reform of 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. A notice of proposed 
rulemaking was issued in June, 1996.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 29976
NPRM Comment Period End         08/12/96
Final Action                    11/00/96

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
_______________________________________________________________________




3270. 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 has reviewed 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. A 
notice of proposed rulemaking was issued in June, 1996.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/14/96                    61 FR 30190
NPRM Comment Period End         08/13/96
Final Action                    10/00/96

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
_______________________________________________________________________




3271.  RISK-BASED CAPITAL STANDARDS; COLLATERALIZED 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.

[[Page 63070]]

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1828

CFR Citation:  12 CFR 567

Legal Deadline: None

Abstract: The federal banking agencies have issued a joint proposed 
rule that provides a zero percent risk-weighting under the banking 
agencies' risk-based capital rules to portions of certain claims (e.g., 
repurchase agreements and securities lending agreements) 
overcollateralized by cash or government securities under control of 
the lending institution. The risk-weighting of such collateralized 
claims under OTS's risk-based capital rule will be reduced from the 20 
percent to the zero percent risk-weight category. In accordance with 
section 303 of CDRI, the adoption of the rule by the federal banking 
agencies will eliminate one of the current differences among the 
agencies in the capital treatment of such collateralized transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/16/96                    61 FR 42565
NPRM Comment Period End         10/15/96
Final Action                    11/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly, Senior Program Manager, for Capital 
Policy, Department of the Treasury, Office of Thrift Supervision, 1700 
G Street NW., Washington, DC 20552
Phone: 202 906-6465

RIN: 1550-AA98
_______________________________________________________________________




3272.  REGULATORY CITATIONS TO UNIFORM FINANCIAL INSTITUTIONS 
RATING 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 552; 5 USC 559; 12 USC 375b; 12 USC 1462; 12 
USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467; 12 USC 1467a; 12 USC 
1468; 12 USC 1817; 12 USC 1828; 12 USC 1831i; 12 USC 3806; 42 USC 4106

CFR Citation:  12 CFR 502; 12 CFR 516; 12 CFR 562; 12 CFR 563; 12 CFR 
565; 12 CFR 574

Legal Deadline: None

Abstract: The Federal Financial Institutions Examination Council issued 
a request for comment on July 18, 1996 regarding proposed changes to 
the Uniform Financial Institutions Rating System (UFIRS). As a result, 
the OTS proposed to revise its regulations that are based on, and 
incorporate references to, the CAMEL rating system, a rating system 
implementing UFIRS. The rule would incorporate appropriate citations to 
the revised UFIRS system.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/23/96                    61 FR 38114
NPRM Comment Period End         09/23/96
Final Action                    10/00/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William J. Magrini, Senior Project Manager, Supervision 
Policy, Department of the Treasury, Office of Thrift Supervision, 1700 
G Street NW., Washington, DC 20052
Phone: 202 906-5744

RIN: 1550-AA99
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3273. 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
_______________________________________________________________________




3274. 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

[[Page 63071]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3275. UNIFORM RULES OF PRACTICE AND PROCEDURE

Priority:  Info./Admin./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 509

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/06/96                    61 FR 20350
Final Action Effective          06/05/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Karen Osterloh
Phone: 202 906-6639

RIN: 1550-AA79
_______________________________________________________________________




3276. 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.

CFR Citation:  12 CFR 563; 12 CFR 572

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/29/96                    61 FR 45684
Final Action Effective          10/01/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Larry Clark
Phone: 202 906-5628

RIN: 1550-AA86
_______________________________________________________________________




3277. 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.

CFR Citation:  12 CFR 545; 12 CFR 556; 12 CFR 560; 12 CFR 563; 12 CFR 
571

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/30/96                    61 FR 50951
Final Action Effective          10/30/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William Magrini
Phone: 202 906-5744

RIN: 1550-AA94
_______________________________________________________________________




3278. 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.

CFR Citation:  12 CFR 563f

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/02/96                    61 FR 40293
Final Action Effective          10/01/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Donna Deale
Phone: 202 906-7488

RIN: 1550-AA95
_______________________________________________________________________




3279.  COMMUNITY REINVESTMENT ACT REGULATIONS

Priority:  Info./Admin./Other

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

CFR Citation:  12 CFR 563e

Legal Deadline: None

Abstract: The federal banking agencies have issued a joint final rule 
to make a correcting amendment to their Community Reinvestment Act 
regulations. Their regulations reference the Small Business 
Administration's regulations which recently underwent a change. The 
joint final rule corrects the cross-reference and makes no substantive 
change in the requirements of the current regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/10/96                    61 FR 21362
Final Action Effective          05/10/96

Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1550-AA96
_______________________________________________________________________




3280.  INTERAGENCY GUIDELINES ESTABLISHING STANDARDS FOR SAFETY 
AND SOUNDNESS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1831p-1

CFR Citation:  12 CFR 570

Legal Deadline: None

Abstract: The federal banking agencies have amended the Interagency 
Guidelines Establishing Standards for Safety and Soundness to include 
asset quality and earnings standards. The guidelines were originally 
issued in July, 1995. See RIN 1550-AA54 in the October, 1995 Unified 
Agenda.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/10/95                    60 FR 35688
NPRM Comment Period End         08/24/95
Final Action                    08/27/96                    61 FR 43948
Final Action Effective          10/01/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William Magrini, Senior Project Manager, Supervision 
Policy, Department of the Treasury, Office of Thrift Supervision, 1700 
G Street NW., Washington, DC 20552
Phone: 202 906-5744

RIN: 1550-AA97
[FR Doc. 96-26272 Filed 11-27-96; 8:45 am]
BILLING CODE 6720-01-F