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



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Part XV



Department of the Treasury



_______________________________________________________________________

Semiannual Regulatory Agenda

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DEPARTMENT OF THE TREASURY (TREAS)                                     


  



_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

AGENCY: Departmental Offices, Treasury.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

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

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

Dated: February 28, 1997.

J. Benjamin H. Nye,

Executive Secretary.

                                     Departmental Offices--Final Rule Stage                                     
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2470        31 CFR 500.704  Administrative Hearings...............................................    1505-AA59 
2471        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   
----------------------------------------------------------------------------------------------------------------
2472        17 CFR 404  Amendments to the Government Securities Act Regulations; Recordkeeping                  
            Rules for Noticed Financial Institution Broker-Dealers................................    1505-AA70 
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2473        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Definitions................    1506-AA03 
2474        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Registration Requirement                 
            for Certain Non-Bank Financial Institutions...........................................    1506-AA09 
2475        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Discretionary Exemption of               
            Certain Transactions From Currency Transaction Reporting Requirements.................    1506-AA12 
2476        31 CFR 103  Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-             
            Border Transportation of Certain Monetary Instruments.................................    1506-AA15 
2477        31 CFR 103  Amendments to the Bank Secrecy Act Regulations - Special Reporting and                  
            Recordkeeping Requirements............................................................    1506-AA19 
2478        31 CFR 103  Amendments to the Bank Secrecy Act Regulations - Suspicious Activity                    
            Reporting--MSB........................................................................    1506-AA20 
2479        31 CFR 103  Amendments to the Bank Secrecy Act Regulations - Suspicious Activity                    
            Reporting--Broker/Dealers.............................................................    1506-AA21 
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage                             
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2480        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Exemptions From the                      
            Requirement To Report Transactions in Currency........................................    1506-AA11 
2481        31 CFR 103  Amendment to the Bank Secrecy Act Regulations Regarding Reporting and                   
            Recordkeeping by Card Clubs...........................................................    1506-AA18 
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[[Page 22163]]


                             Financial Crimes Enforcement Network--Long-Term Actions                            
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2482        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Requirement That Financial               
            Institutions Carry Out Anti-Money-Laundering Programs.................................    1506-AA05 
2483        31 CFR 103  Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To               
            Assess Civil Money Penalties on Depository Institutions...............................    1506-AA08 
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2484        31 CFR 210  Federal Government Participation in the Automated Clearing House..........    1510-AA17 
2485        31 CFR 205  Rules and Procedures for Funds Transfers..................................    1510-AA38 
2486        31 CFR 240  Indorsement and Payment of Checks Drawn on the United States Treasury.....    1510-AA45 
2487        31 CFR 245  Claims on Account of Treasury Checks......................................    1510-AA51 
2488        31 CFR 226  Recognition of Insurance Covering Treasury Tax and Loan Depositaries......    1510-AA53 
2489        31 CFR 208  Management of Federal Agency Disbursements................................    1510-AA56 
2490        31 CFR 295 to 299  Federal Claims Collection Standards................................    1510-AA57 
2491        31 CFR 285  Debt Collection Authorities Under the Debt Collection Improvement Act.....    1510-AA58 
2492        31 CFR 207  Electronic Benefit Transfer; Selection and Designation of Financial                     
            Institutions as Depositary and Financial Agents.......................................    1510-AA59 
2493        31 CFR 212  Taxpayer Identifying Number Requirement...................................    1510-AA61 
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2494        31 CFR 225  Acceptance of Bonds Secured by Government Obligations in Lieu of Bonds                  
            with Sureties.........................................................................    1510-AA36 
2495        31 CFR 203  Treasury Tax and Loan Depositaries and Payment of Federal Taxes...........    1510-AA37 
2496        31 CFR 202  Depositaries and Financial Agents of the Government.......................    1510-AA42 
2497        31 CFR 281  Foreign Exchange Operations...............................................    1510-AA48 
2498        31 CFR 256  Payments Under Judgment and Private Relief Acts...........................    1510-AA52 
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                                 Financial Management Service--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2499        31 CFR 209  Payment to Financial Institutions for Credit to Accounts of Employees and               
            Beneficiaries.........................................................................    1510-AA30 
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                             Bureau of Alcohol, Tobacco and Firearms--Prerule Stage                             
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2500        27 CFR 7  Labeling and Advertising of Malt Beverages..................................    1512-AB45 
----------------------------------------------------------------------------------------------------------------


                          Bureau of Alcohol, Tobacco and Firearms--Proposed Rule Stage                          
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2501        27 CFR 9  American Viticultural Areas.................................................    1512-AA07 
2502        27 CFR 7  Standards of Identity for Malt Beverages....................................    1512-AA95 

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2503        27 CFR 252  Exportation of Liquors....................................................    1512-AA98 
2504        27 CFR 7  Alcoholic Content Labeling for Malt Beverages...............................    1512-AB17 
2505        27 CFR 4.25a(d) to 4.25a(e)  Multistate Appellations of Origin for Contiguous States..    1512-AB28 
2506        27 CFR 7  Revision of Brewery Regulations and Issuance of Regulations for Taverns on                
            Brewery Premises (Brewpubs)...........................................................    1512-AB37 
2507        27 CFR 5  Petition To Regulate Use of the Term Margarita, and To Regulate Use of                    
            Certain Terms With Flavored Malt Beverages............................................    1512-AB50 
2508        27 CFR 20  Distribution of Denatured Alcohol and Rum..................................    1512-AB57 
2509        27 CFR 19.11  Distilled Spirits Plant Regulatory Initiative Proposal..................    1512-AB58 
2510        27 CFR 24.278  Implementation of Wine Credit Provisions of Public Law 104-188.........    1512-AB65 
2511        27 CFR 178  Commerce In Firearms and Ammunition.......................................    1512-AB64 
2512        27 CFR 290  Exportation of Tobacco Products and Cigarette Papers and Tubes, Without                 
            Payment of Tax, or With Drawback of Tax...............................................    1512-AB03 
----------------------------------------------------------------------------------------------------------------


                            Bureau of Alcohol, Tobacco and Firearms--Final Rule Stage                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2513        27 CFR 4  Grape Wine Designation--Gamay Beaujolais....................................    1512-AB08 
2514        27 CFR 4  Alteration of Labels on Containers of Distilled Spirits, Wine, Beer.........    1512-AB32 
2515        27 CFR 4.40  Procedures for Revoking Previously Approved Certificates of Label                      
            Approval, Exemptions From Label Approval, or Distinctive Liquor Bottle Approvals......    1512-AB34 
2516        27 CFR 5.26  Registration of Formulas and Statements of Process for Domestically                    
            Produced Alcoholic Beverages..........................................................    1512-AB40 
2517        27 CFR 5  Labeling of Unaged Grape Brandy.............................................    1512-AB46 
2518        27 CFR 22.21  Distribution and Use of Tax-Free Alcohol................................    1512-AB51 
2519        27 CFR 18.56  Production of Volatile Fruit Flavored Concentrate.......................    1512-AB59 
2520        27 CFR 21.3  Formulas For Denatured Alcohol and Rum...................................    1512-AB60 
2521        27 CFR 55  Commerce in Explosives.....................................................    1512-AB55 
2522        27 CFR 47  Implementation of Public Law 104-132, the Antiterrorism and Effective Death              
            Penalty Act of 1996, Relating to the Marking of Plastic Explosives for the Purpose of               
            Detection.............................................................................    1512-AB63 
2523        27 CFR 53  Firearms and Ammunition Excise Taxes.......................................    1512-AB33 
2524        27 CFR 55  Implementation of Public Law 103-322, the Violent Crime Control and Law                  
            Enforcement Act of 1994...............................................................    1512-AB35 
2525        27 CFR 178  Definition for the Category of Persons Prohibited From Receiving Firearms.    1512-AB41 
2526        27 CFR 53  Manufacturers Excise Tax--Firearms and Ammunition Exemption Certificates/                
            Statements............................................................................    1512-AB42 
2527        27 CFR 53.61(b)  Firearms and Ammunition Excise Taxes Parts and Accessories...........    1512-AB49 
2528        27 CFR 47.52  Removal of Restrictions on Importation of Defense Articles From                       
            Specified New Independent States of the Former Soviet Union and Yugoslavia............    1512-AB62 
2529        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 
2530        27 CFR 70  Recodification of Statement Procedural Rules...............................    1512-AB54 
----------------------------------------------------------------------------------------------------------------


                           Bureau of Alcohol, Tobacco and Firearms--Completed Actions                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2531        27 CFR 25.205  Production of Beer for Personal or Family Use at Brew-on-Premises                    
            Facilities............................................................................    1512-AB18 
2532        27 CFR 55  Explosives Materials in the Fireworks Industry.............................    1512-AB48 
2533        27 CFR 270  Manufacture of Tobacco Products...........................................    1512-AB52 
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                                Comptroller of the Currency--Proposed Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2534        12 CFR 3  Capital Rules...............................................................    1557-AB14 
2535        12 CFR 19  Uniform Rules of Practice and Procedure; Regulation Review.................    1557-AB43 
2536        12 CFR Not yet determined  Prohibition Against Using Interstate Branches Primarily for              
            Deposit Production....................................................................    1557-AB50 
2537        00 CFR Not yet determined  Treatment of Financial Contracts by OCC-Appointed Receivers              
            and Conservators for Uninsured Financial Institutions.................................    1557-AB59 
2538        12 CFR 26  Management Official Interlocks.............................................    1557-AB60 
2539        12 CFR 7.4001  Interpretive Rulings...................................................    1557-AB61 
2540        12 CFR 10  Municipal Securities Dealers...............................................    1557-AB62 
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                                  Comptroller of the Currency--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2541        12 CFR 8  Assessment of Fees; National Banks; District of Columbia Banks..............    1557-AB41 
2542        12 CFR 13  Government Securities Sales Practices......................................    1557-AB52 
2543        12 CFR 32  Lending Limits.............................................................    1557-AB55 
2544        12 CFR 4  Expanded Examination Cycle for Certain Small Financial Institutions.........    1557-AB56 
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2545        12 CFR 27  Fair Housing Home Loan Data System.........................................    1557-AB53 
2546        12 CFR 12  Qualification Requirements for Transactions in Certain Securities..........    1557-AB54 
2547        12 CFR 28  International Lending Supervision..........................................    1557-AB58 
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2548        12 CFR 9  Fiduciary Activities of National Banks; Regulation Review...................    1557-AB12 
2549        12 CFR 5  Rules, Policies, and Procedures for Corporate Activities; Regulation Review.    1557-AB27 
2550        12 CFR 1  Investment Securities Regulation; Regulation Review.........................    1557-AB37 
2551        12 CFR 12  Recordkeeping and Confirmation Requirements for Securities Transactions;                 
            Regulation Review.....................................................................    1557-AB42 
2552        12 CFR 23  Leasing; Regulation Review.................................................    1557-AB45 
2553        12 CFR 19  Rules of Practice and Procedure............................................    1557-AB57 
----------------------------------------------------------------------------------------------------------------


                               United States Customs Service--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2554        19 CFR 7.8  U.S. Insular Possessions--Duty-Free Treatment.............................    1515-AB14 
2555        19 CFR 142  Publication of Filer Codes................................................    1515-AB27 
2556        19 CFR 133  Parallel Imports and Other Trademarked Goods..............................    1515-AB49 
2557        19 CFR 12  Textiles and Textile Products Subject to Textile Trade Agreements..........    1515-AB54 
2558        19 CFR 10  Andean Trade Preference....................................................    1515-AB59 
2559        19 CFR 151  Accreditation of Commercial Testing Laboratories; Approval of Commercial                
            Gaugers...............................................................................    1515-AB60 
2560        19 CFR 159  Liquidation; Extension; Suspension........................................    1515-AB66 
2561        19 CFR 12  Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and Music              
            Videos of Live Musical Performances...................................................    1515-AB74 
2562        19 CFR 12  Interest on Underpayments and Overpayments of Customs Duties Fees and                    
            Interest..............................................................................    1515-AB76 

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2563        19 CFR 162  Recordkeeping Requirements................................................    1515-AB77 
2564        19 CFR 142  Reconciliation............................................................    1515-AB85 
2565        19 CFR 123  Foreign-Based Commercial Motor Vehicles in International Traffic..........    1515-AB88 
2566        19 CFR 4  Lay Order Period: General Order: Penalties..................................    1515-AB99 
2567        19 CFR 171  Petitions for Relief; Seizures, Penalties, and Liquidated Damages.........    1515-AC01 
2568        19 CFR 146  Weekly Entry Procedure for Foreign Trade Zones............................    1515-AC05 
2569        19 CFR 118  Centralized Examination Stations..........................................    1515-AC07 
2570        19 CFR 171  Guidelines for the Imposition and Mitigation of Penalties for Violation of              
            19 USC 1592...........................................................................    1515-AC08 
2571        19 CFR 141  Increase of Maximum Amount For Informal Entries to $2000..................    1515-AC11 
----------------------------------------------------------------------------------------------------------------


                                 United States Customs Service--Final Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2572        19 CFR 133  Disclosure of Information to Intellectual Property Rights Owners..........    1515-AB28 
2573        19 CFR 134  Country-of-Origin Marking Requirements for Frozen Produce Packages........    1515-AB61 
2574        19 CFR 10  Warehouse Withdrawals; Aircraft Fuel Supplies; Pipeline Transportation in                
            Bond of Merchandise...................................................................    1515-AB67 
2575        19 CFR 151  Detention of Merchandise..................................................    1515-AB75 
2576        19 CFR 10  Use of Containers Designated as Instruments of International Traffic in                  
            Point-to-Point Local Traffic..........................................................    1515-AB79 
2577        19 CFR 134  Country-of-Origin Marking.................................................    1515-AB82 
2578        19 CFR 181  North American Free Trade Agreement (NAFTA)--Implementation of Duty-                    
            Deferral Program Provisions...........................................................    1515-AB87 
2579        19 CFR 103  Electronic Requests for Confidential Treatment of Export Manifest Data....    1515-AB89 
2580        19 CFR 123  Port Passenger Acceleration Service System (PORTPASS) Program.............    1515-AB90 
2581        19 CFR 148  Treatment of Merchandise Imported by Foreign Governments or Designated                  
            International Organizations...........................................................    1515-AB92 
2582        19 CFR 191  Drawback..................................................................    1515-AB95 
2583        19 CFR 12  Entry of Softwood Lumber Shipments From Canada.............................    1515-AB97 
2584        19 CFR 162  Prior Disclosure..........................................................    1515-AB98 
2585        19 CFR 12  Determination of the Country of Origin of Textiles and Textile Products....    1515-AC00 
2586        19 CFR 19  General Enforcement Provisions; Removal of Agency Management Regulations...    1515-AC02 
2587        19 CFR 114  Bilateral Carnet Agreement Between the American Institute in Taiwan and                 
            the Taipei Economic and Cultural Representative.......................................    1515-AC03 
2588        19 CFR 12  Importation of Chemicals Subject to the Toxic Substances Control Act.......    1515-AC04 
2589        19 CFR 133  Disposition of Excluded Articles Pursuant to the Anticounterfeiting                     
            Consumer Protection Act...............................................................    1515-AC09 
2590        19 CFR 133  Anticounterfeiting Consumer Protection Act: Disposition of Merchandise                  
            Bearing Counterfeit American Trademarks; Civil Penalties..............................    1515-AC10 
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Long-Term Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2591        19 CFR 4  Harbor Maintenance Fee......................................................    1515-AA57 
2592        19 CFR 24  Donated Cargo Exemption From Harbor Maintenance Fee........................    1515-AA87 
2593        19 CFR 102 (New)  Rules of Origin.....................................................    1515-AB19 
2594        19 CFR 113  Automated Surety Interface................................................    1515-AB25 
2595        19 CFR 24  Fees Assessed for Defaulted Payments.......................................    1515-AB38 
2596        19 CFR 12  Importer Certification Regarding Country of Origin of Textiles and Textile               
            Products..............................................................................    1515-AB43 
2597        19 CFR 134  Country-of-Origin Marking for Watches.....................................    1515-AB68 
----------------------------------------------------------------------------------------------------------------


[[Page 22167]]


                                United States Customs Service--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2598        19 CFR 191  Substitution Unused Merchandise Drawback..................................    1515-AB48 
2599        19 CFR 19  Duty-Free Stores...........................................................    1515-AB86 
2600        19 CFR 10  Removal of Canadian Crude Petroleum Regulation.............................    1515-AC06 
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2601        05 USC 0552  Statement of Procedural Rules--Part 601.702 Appendix B - Internal Revenue              
            Service - 31 CFR Part 1...............................................................    1545-AR99 
2602        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 
2603        26 USC 0072  Loans Treated as Distributions...........................................    1545-AE41 
2604        26 USC 0162  Continuation Coverage Requirements of Group Health Plans.................    1545-AI93 
2605        26 USC 0263A  Rules for Farmers.......................................................    1545-AQ91 
2606        26 USC 0263A  Production of Creative Property.........................................    1545-AQ92 
2607        26 USC 0274  Substantiation of Expenses--Receipt Threshold............................    1545-AT97 
2608        26 USC 0337  Corporate Inversion Transactions.........................................    1545-AS91 
2609        26 USC 0367  Section 361 Outbound Transfers of Property to Foreign Corporations.......    1545-AM97 
2610        26 USC 0460  Accounting For Long-Term Contracts.......................................    1545-AQ30 
2611        26 USC 0468B  Escrow Funds and Other Similar Funds....................................    1545-AR82 
2612        26 USC 0482  Taxation of Global Trading...............................................    1545-AP01 
2613        26 USC 0664  Guidance Regarding Charitable Remainder Trust............................    1545-AU25 
2614        26 USC 0743  Adjustments Following Sales of Partnership Interests.....................    1545-AS39 
2615        26 USC 0863  Source of Income From Sales of Inventory Partly From Sources Within a                  
            Possession of the United States.......................................................    1545-AU79 
2616        26 USC 0863  Source Rules for Payments Made Pursuant to Certain Swap Arrangements.....    1545-AU89 
2617        26 USC 0864  Integrated Financial Transaction.........................................    1545-AR20 
2618        26 USC 0872  Income Tax--Reciprocal Exemptions for Certain Transportation Income......    1545-AJ57 
2619        26 USC 1361  S Corporation Subsidiaries...............................................    1545-AU77 
2620        26 USC 2805  Private Activity Rules for Output Facilities.............................    1545-AU80 
2621        26 USC 475  Mark to Market for Securities Dealers; Application of Held for Investment               
            Exemption to Consolidated Groups......................................................    1545-AU87 
2622        26 USC 6038  Information Reporting and Record Maintenance Under Section 6038C.........    1545-AP10 
2623        26 USC 6046A  6046A - Returns as to Interests in Foreign Partnerships.................    1545-AK75 
2624        26 USC 7623  Rewards for Information Relating to Violations of Internal Revenue Laws..    1545-AU85 
2625        26 USC 7623  Rewards for Information Relating to Violations of Internal Revenue Laws..    1545-AU88 
2626        26 USC 7701  Residence of Trusts and Estates--7701....................................    1545-AU74 
2627        26 USC 7805  Technical Corrections for Chapter 14.....................................    1545-AR49 
2628        26 USC 7805  To Add Provisions Relating to Start-Up Expenditures......................    1545-AT71 
2629        26 USC 7805  Reporting Requirements for Widely Held Fixed Investment Trusts...........    1545-AU15 
2630        26 USC 7805  Tax Treatment of Cafeteria Plans.........................................    1545-AU61 
2631        26 USC 7805  Civil Cause of Action for Certain Unlawful Collection Actions............    1545-AU68 
2632        26 USC 7805  Agreements for Payment of Tax Liabilities in Installments................    1545-AU97 
2633        26 USC 7805  Return of Partnership Income - Section 6031..............................    1545-AU99 
2634        26 USC 7805  Withdrawal of Notice of Federal Tax Lien.................................    1545-AV00 
2635        26 USC 7805  Return of Levied Property in Certain Cases...............................    1545-AV01 
2636        26 USC 7805  Deposits of Excise Taxes.................................................    1545-AV02 
2637        26 USC 7805  Deposits of Excise Taxes.................................................    1545-AV03 
2638        26 USC 7811  Taxpayer Assistance Orders...............................................    1545-AU01 
2639        26 USC 860L  FASIT-Consolidated Groups/Transitional Start-up..........................    1545-AU94 
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[[Page 22168]]


                                   Internal Revenue Service--Final Rule Stage                                   
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2640        26 USC 0042  Available Unit Rule......................................................    1545-AT60 
2641        26 USC 0148  Arbitrage Restrictions on Tax Exempt Bonds...............................    1545-AU39 
2642        26 USC 0165  Section 5f.163-1(B)(2)...................................................    1545-AP33 
2643        26 USC 0263A  Method Change Rules for the Uniform Capitalization Rules................    1545-AQ94 
2644        26 USC 0274  Substantiation of Expenses--Receipt Threshold............................    1545-AT98 
2645        26 USC 0280B  Demolition of Structures Definitions....................................    1545-AR63 
2646        26 USC 0337  Scope of General Utilities Repeal........................................    1545-AN21 
2647        26 USC 0367  Income Tax--Part 1--Stock Transfer Rules.................................    1545-AI32 
2648        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 
2649        26 USC 0367  Transfers of Stock or Securities by U.S. Persons to Foreign Corporations.    1545-AP81 
2650        26 USC 0453  Installment Obligations Received From Liquidating Corporations...........    1545-AB43 
2651        26 USC 0467  Section 467 Rental Agreements............................................    1545-AU11 
2652        26 USC 0475  Mark-to-Market Upon Disposition..........................................    1545-AS85 
2653        26 USC 0501  Requirements for Tax Exempt Labor Organizations..........................    1545-AT95 
2654        26 USC 0708  Section 708 and Section 704..............................................    1545-AU14 
2655        26 USC 0832  Determination of Earned Premiums.........................................    1545-AU60 
2656        26 USC 0861  Classification of Certain Transactions Involving Computer Programs.......    1545-AU70 
2657        26 USC 0864  Allocation and Apportionment of Interest Expense and Certain Other                     
            Expenses..............................................................................    1545-AM20 
2658        26 USC 0865  Allocation of Loss on Disposition of Stock...............................    1545-AT41 
2659        26 USC 0904  Application of Section 904 to Income Subject to Separate Limitations and               
            Section 864(e) Affiliated Group Expense Allocation Rules..............................    1545-AQ43 
2660        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 
2661        26 USC 0905  Section 905(b) Regulations...............................................    1545-AP36 
2662        26 USC 0953  Insurance Income.........................................................    1545-AJ70 
2663        26 USC 0985  Rules for a QBU Changing From the Profit-and-Loss Method to DASTM........    1545-AR28 
2664        26 USC 0985  Change From the Dollar Approximate Separate Transactions Method (DASTM)                
            to the Profit-and-Loss Method of Accounting...........................................    1545-AS68 
2665        26 USC 1058  Certain Payments Made Pursuant to a Securities Lending Transaction.......    1545-AP71 
2666        26 USC 1059  Extraordinary Dividends/1059(e)(2).......................................    1545-AU16 
2667        26 USC 1202  Qualified Small Business Stock...........................................    1545-AU34 
2668        26 USC 1245  Partnerships and Depreciation Recapture..................................    1545-AT32 
2669        26 USC 1295  QEF Shareholder Election.................................................    1545-AM41 
2670        26 USC 1441  Section 1441 Final Regulations...........................................    1545-AU43 
2671        26 USC 2702  Sale of Residence From Qualified Personal Residence Trust................    1545-AU12 
2672        26 USC 3306  FICA Taxation of Certain Deferred Compensation and Salary Reduction                    
            Arrangements..........................................................................    1545-AF97 
2673        26 USC 3306  FUTA Taxation of Amounts Under Employee Benefit Plans....................    1545-AT99 
2674        26 USC 3406  TIN Matching.............................................................    1545-AU54 
2675        26 USC 4082  Diesel Fuel Excise Tax; Dye Injection Systems and Markers................    1545-AT18 
2676        26 USC 4082  Diesel Fuel Tax - 1996 Amendment.........................................    1545-AU53 
2677        26 USC 6011  Time for Filing Form 4720 Return.........................................    1545-AU66 
2678        26 USC 6302  Federal Tax Deposits by Electronic Funds Transfer........................    1545-AS79 
2679        26 USC 6662  Definition of Reasonable Basis...........................................    1545-AU38 
2680        26 USC 7701  Treatment of Obligation-Shifting Transactions............................    1545-AU19 
2681        26 USC 7805  Disclaimer of Interests and Power........................................    1545-AR52 
2682        26 USC 7805  Arbitrage Restriction on Tax-Exempt Bonds................................    1545-AS49 
2683        26 USC 7805  Debt Instruments With OID; Annuity Contracts.............................    1545-AS76 
2684        26 USC 7805  Intangible Amortization..................................................    1545-AS77 
2685        26 USC 7805  Effective Date of Temporary Backup Withholding Regulations...............    1545-AT77 
2686        26 USC 7805  Magnetic Media Filing Requirements.......................................    1545-AU08 
2687        26 USC 7805  Bond Premium Amortization................................................    1545-AU09 
2688        26 USC 7805  Definition of Limited Partner for Self-Employment Tax Purposes...........    1545-AU24 
2689        26 USC 7805  Section 468A Revised Schedules of Ruling Amounts.........................    1545-AU28 
2690        26 USC 7805  Empowerment Zone Employment Credit.......................................    1545-AU30 
2691        26 USC 7805  Extension of Time for Making Certain Elections...........................    1545-AU42 
2692        26 USC 7805  Taxpayer Bill of Rights 2, Miscellaneous Provisions, Proposed Regulations    1545-AU64 
2693        26 USC 7805  Treatment of Warrants as Securities......................................    1545-AU67 
2694        26 USC 7805  Tax Attribute Reduction..................................................    1545-AU71 

[[Page 22169]]

                                                                                                                
2695        26 USC 7805  Continuity of Interest Requirement in Corporate Reorganizations..........    1545-AU72 
2696        26 USC 7805  Target Asset and Stock Drops Following Reorganization....................    1545-AU73 
2697        26 USC 7805  Section 42(d)(5) Federal Grants..........................................    1545-AU92 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2698        26 USC 0044  Disabled Access Credit...................................................    1545-AT72 
2699        26 USC 0059  Section 59(e); Election for Qualified Costs..............................    1545-AU40 
2700        26 USC 0079  Section 79, Table I, Update..............................................    1545-AN54 
2701        26 USC 0101  The Treatment of Accelerated Death Benefits Under Sections 101, 7702 and               
            7702A of the Internal Revenue Code....................................................    1545-AQ70 
2702        26 USC 0104  Personal Injury Damages..................................................    1545-AT29 
2703        26 USC 0126  Exclusion From Income of Certain Cost-Sharing Payments Under Government                
            Programs..............................................................................    1545-AT73 
2704        26 USC 0163  Qualified Residence Interest.............................................    1545-AL67 
2705        26 USC 0163  Earnings Stripping Payments..............................................    1545-AO24 
2706        26 USC 0168  Changes in Use Under Section 168(i)(5)...................................    1545-AJ38 
2707        26 USC 0179A  Determination of Section 30 Credit and Section 179A Deduction...........    1545-AR66 
2708        26 USC 0263A  Foreign Taxpayers.......................................................    1545-AQ93 
2709        26 USC 0269B  Rules for Treatment of Foreign Corporation Whose Stock Is Stapled to the              
            Stock of a Domestic Corporation.......................................................    1545-AN20 
2710        26 USC 0280G  Golden Parachute Payments...............................................    1545-AH49 
2711        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 
2712        26 USC 0338  Deemed Purchase Price When Certain Stock Purchases Are Treated as Asset                
            Acquisitions..........................................................................    1545-AF29 
2713        26 USC 0338  Section 338(h)(10) and Insurance Companies...............................    1545-AS56 
2714        26 USC 0367  Treatment of Section 355 Distribution by US Corporations to Foreign                    
            Persons...............................................................................    1545-AU22 
2715        26 USC 0381  Carryovers of Methods of Accounting......................................    1545-AT38 
2716        26 USC 0382  Regulations Under Section 382............................................    1545-AU33 
2717        26 USC 0403  Nondiscrimination and Other Rules Applicable to Section 403(b) Annuities.    1545-AI90 
2718        26 USC 0404A  Income Tax--Deduction for Certain Foreign Deferred Compensation Plans...    1545-AD81 
2719        26 USC 0411  Allocation of Accrued Benefits Between Employer and Employee                           
            Contributions.........................................................................    1545-AT82 
2720        26 USC 0412  Revising the Definition of the Full Funding Limitation for Purposes of                 
            the Minimum Funding Requirement for Pension Plans.....................................    1545-AL53 
2721        26 USC 0414  Definition of ``Highly Compensated Employee''............................    1545-AQ74 
2722        26 USC 0417  Valuation of Plan Distribution...........................................    1545-AT27 
2723        26 USC 0419  Treatment of Funded Welfare Benefit Plans................................    1545-AG14 
2724        26 USC 0446  Hybrid Instruments.......................................................    1545-AR13 
2725        26 USC 0465  Guidance on What Constitutes an Interest Other Than That of a Creditor...    1545-AO32 
2726        26 USC 0468  Guidance on Section 468..................................................    1545-AT59 
2727        26 USC 0469  Application of Passive Activity Loss and Credit Limitations to Trusts,                 
            Estates, and Their Beneficiaries......................................................    1545-AN62 
2728        26 USC 0469  Limitations on Passive Activity Losses and Credits--Self-Charged Items...    1545-AN64 
2729        26 USC 0471  Inventories by Dealers in Securities Section 1.471-5.....................    1545-AS57 
2730        26 USC 0472  Definition of an Item for LIFO...........................................    1545-AT39 
2731        26 USC 0482  Intercompany Transfer Pricing for Services...............................    1545-AR32 
2732        26 USC 0643  Inbound Grantor Trusts with Foreign Grantors.............................    1545-AU90 
2733        26 USC 0672  Income Taxation of Trusts and Estates....................................    1545-AJ20 
2734        26 USC 0679  Foreign Grantor Trusts...................................................    1545-AO75 
2735        26 USC 0736  Payments to a Retiring Partner or a Deceased Partner's Successor in                    
            Interest..............................................................................    1545-AT31 
2736        26 USC 0817  Treatment of Modified Guaranteed Contracts...............................    1545-AU58 
2737        26 USC 0842  Foreign Insurance Companies..............................................    1545-AL82 
2738        26 USC 0860E  REMIC Regulations.......................................................    1545-AR88 
2739        26 USC 0860F  Extension of Time for Real Estate Mortgage Investment Conduits To                     
            Provide Reporting Information.........................................................    1545-AP73 
2740        26 USC 0861  Fringe Benefit Sourcing Under Section 861................................    1545-AO72 

[[Page 22170]]

                                                                                                                
2741        26 USC 0861  Charitable Contributions.................................................    1545-AP30 
2742        26 USC 0863  Transportation Income Source Rules.......................................    1545-AJ68 
2743        26 USC 0863  Sourcing Rule Applicable to Certain Insurance Income.....................    1545-AQ37 
2744        26 USC 0864  Treatment of Related Person Factoring Income; Certain Investments in                   
            United States Property; and Stock Redemptions Through Related Corporations............    1545-AH85 
2745        26 USC 0864  Treatment of Deferred Payments and Appreciation Arising Out of Business                
            Conducted Within the United States....................................................    1545-AM53 
2746        26 USC 0864  Tiered Partnership Rules.................................................    1545-AO26 
2747        26 USC 0865  Source Rules for Personal Property Sales.................................    1545-AJ83 
2748        26 USC 0882  Proposed Regulation Under Section 882 and 884............................    1545-AT96 
2749        26 USC 0884  Proposed Regulations Under Section 1.884-3...............................    1545-AQ72 
2750        26 USC 0884  Regulations Under Section 1.884-2........................................    1545-AQ73 
2751        26 USC 0892  Income of Foreign Governments and International Organizations............    1545-AL93 
2752        26 USC 0897  FIRPTA Cleanup...........................................................    1545-AJ72 
2753        26 USC 0897  Nonrecognition of Corporate Distributions and Reorganizations Under the                
            Foreign Investment in Real Property Tax Act...........................................    1545-AK79 
2754        26 USC 0897  Income Tax--Partnership Rules Regarding Taxation of Foreign Investment in              
            United States Real Property Interests.................................................    1545-AL77 
2755        26 USC 0898  Conforming Taxable Years of CFCs and FPHCs: 1989 Change..................    1545-AO22 
2756        26 USC 0904  Clarification of Treatment of Separate Limitation Losses.................    1545-AM11 
2757        26 USC 0924  FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction,              
            and Other Special Rules for FSC.......................................................    1545-AI16 
2758        26 USC 0931  Exclusion of Possession Source Income From Gross Income of Certain                     
            Individuals...........................................................................    1545-AS42 
2759        26 USC 0932  Coordination of U.S. and Virgin Islands Income Taxes.....................    1545-AS41 
2760        26 USC 0936  Income Tax--Definition of Qualified Possession Source Investment Income                
            for Purposes of Puerto Rico and Possession Tax Credit.................................    1545-AC10 
2761        26 USC 0936  CBI Investments of Section 936 Funds.....................................    1545-AM91 
2762        26 USC 0952  Subpart F--Use of Deficits...............................................    1545-AJ71 
2763        26 USC 0953  Foreign Insurance Company--Domestic Election.............................    1545-AO25 
2764        26 USC 0955  Subpart F Shipping Amendments............................................    1545-AM46 
2765        26 USC 0958  Application of Attribution Rules to Foreign Trusts.......................    1545-AU91 
2766        26 USC 0960  Deemed-Paid Credit Under Section 960, Determined on Accumulated Basis....    1545-AQ34 
2767        26 USC 0960  Coordination of Pre-1987 Deemed Paid Taxes...............................    1545-AT85 
2768        26 USC 0964  Earnings and Profits of Controlled Foreign Corporations..................    1545-AM90 
2769        26 USC 0964  Use of GAAP Earnings as E&P of Foreign Corporations......................    1545-AQ55 
2770        26 USC 0986  Determination of Foreign Taxes and Foreign Corporations' Earnings and                  
            Profits...............................................................................    1545-AN37 
2771        26 USC 0987  Computation of a Branch's Taxable Income; Taxation of Exchange Gain or                 
            Loss on Branch Remittances............................................................    1545-AM12 
2772        26 USC 0988  Mark-to-Market Method of Accounting Under Section 988....................    1545-AP78 
2773        26 USC 0995  Income Tax--Tax Reform Act of 1984 Relating to Interest Charge DISCs.....    1545-AG71 
2774        26 USC 1041  Stock Redemption Incident to Divorce.....................................    1545-AT24 
2775        26 USC 1059A  Amendment of Regulations Under IRC Section 1059A........................    1545-AS89 
2776        26 USC 1248  Section 1248 - Gain From Sale or Exchange of Stock in Foreign                          
            Corporations..........................................................................    1545-AC31 
2777        26 USC 1248  Gains From Certain Sales or Exchanges in Certain Foreign Corporations....    1545-AL89 
2778        26 USC 1275  Inflation-Indexed Securities.............................................    1545-AU45 
2779        26 USC 1276  Disposition Gain Representing Accrued Market Discount Treated as Ordinary              
            Income; Deferral of Interest Deduction Allocable to Accrued Market Discount...........    1545-AH82 
2780        26 USC 1296  Passive Foreign Investment Companies--Special Rules for Foreign Banks and              
            Securities Dealers....................................................................    1545-AS46 
2781        26 USC 1361  Electing Small Business Trust............................................    1545-AU76 
2782        26 USC 1362  S Corporation Banks Section 1362.........................................    1545-AU75 
2783        26 USC 141  Definition of ``Private Activity Bonds''..................................    1545-AU98 
2784        26 USC 1446  Temporary Regulation on Withholding Tax on Payments From Partnerships to               
            Foreign Partners......................................................................    1545-AL32 
2785        26 USC 1491  Regulations Under Sections 1491, 1492, and 1494..........................    1545-AN39 
2786        26 USC 1502  Consolidated Alternative Minimum Tax.....................................    1545-AN73 
2787        26 USC 1502  Section 1.1502-47 Regulations--Supplemental..............................    1545-AR89 
2788        26 USC 1502  Consolidated Returns--Limitations on the Use of Certain Losses,                        
            Deductions, and Credits...............................................................    1545-AU31 
2789        26 USC 1502  Regulations Under Section 1502...........................................    1545-AU32 
2790        26 USC 1503  Applications of Section 1503(d) to Partnerships and Other Items..........    1545-AR26 

[[Page 22171]]

                                                                                                                
2791        26 USC 1504  Income Tax--Includibility in an Affiliated Group of Subsidiaries Formed                
            To Comply With Foreign Laws...........................................................    1545-AC58 
2792        26 USC 2032A  Estate Tax-Valuation of Certain Farm, Etc., Real Property...............    1545-AT66 
2793        26 USC 2039  Estate Tax--Annuity Exclusion Repeal.....................................    1545-AP60 
2794        26 USC 2055  Reformation of Charitable Transfers-Definition of Guaranteed Annuity and               
            Lead Unitrust Interest................................................................    1545-AT65 
2795        26 USC 2104  Situs of Partnership Interests Held by a Nonresident Alien for Estate Tax              
            Purposes..............................................................................    1545-AP07 
2796        26 USC 2663  GST Revision.............................................................    1545-AU26 
2797        26 USC 3221  Exception From Supplemental Tax..........................................    1545-AT56 
2798        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 
2799        26 USC 4001  Retail Excise Taxes on Certain Luxury Items..............................    1545-AP24 
2800        26 USC 4003  Luxury Excise Tax Changes Under OBRA 1993................................    1545-AS34 
2801        26 USC 404A  Application of Grantor Trust Rules to Nonexempt Employees' Trust.........    1545-AU29 
2802        26 USC 4091  Excise Tax on Aviation Fuel..............................................    1545-AL43 
2803        26 USC 4251  Communications Tax Issues................................................    1545-AU86 
2804        26 USC 4611  Tax on Petroleum.........................................................    1545-AJ23 
2805        26 USC 4671  Chemical Tax Under Section 4461 and Imported Substance Tax Under Section               
            4671..................................................................................    1545-AL73 
2806        26 USC 6037  Subchapter S Items.......................................................    1545-AU78 
2807        26 USC 6039E  Information From Passport and Immigration Applicants....................    1545-AJ93 
2808        26 USC 6048  Section 6048 Regulations.................................................    1545-AR25 
2809        26 USC 6061  Voice Signatures.........................................................    1545-AQ68 
2810        26 USC 6114  6114 Reporting Requirements Waived.......................................    1545-AP35 
2811        26 USC 6205  Interest-Free Adjustments................................................    1545-AQ61 
2812        26 USC 6302  Railroad Unemployment Repayment Tax......................................    1545-AN40 
2813        26 USC 6302  Expansion of Form 945....................................................    1545-AU51 
2814        26 USC 7518  Interim Fishing Vessel Capital Construction Fund Procedures..............    1545-AS69 
2815        26 USC 7701  Special Rules for S Corps Under 301.7701(b)-7............................    1545-AS88 
2816        26 USC 7805  Extension of Statute of Limitations in John Doe Summons Disputes.........    1545-AM67 
2817        26 USC 7805  Suspension of Running of Period of Limitations During Proceeding To                    
            Enforce Designated Summons............................................................    1545-AQ01 
2818        26 USC 7805  Reissuance of Qualified Tender Bonds.....................................    1545-AT09 
2819        26 USC 7805  Reissuance of Qualified Tender Bonds.....................................    1545-AT10 
2820        26 USC 7805  Guidance for Air Cargo Carriers..........................................    1545-AT30 
2821        26 USC 7805  Qualified Transportation Fringe..........................................    1545-AT45 
2822        26 USC 7805  Straddles - Miscellaneous Issues.........................................    1545-AT46 
2823        26 USC 7805  Effect of the Family and Medical Leave Act on the Operation of Cafeteria               
            Plans.................................................................................    1545-AT47 
2824        26 USC 7805  Pass Through Items of S Corporation to Its Shareholders..................    1545-AT52 
2825        26 USC 7805  Excise Tax on Heavy Trucks, Truck Trailers and Semitrailers, and Tractors    1545-AT63 
2826        26 USC 7805  Property Distributed in Kind and Treatment of Multiple Trusts............    1545-AT68 
2827        26 USC 7805  Amortization-Goodwill Intangibles 197....................................    1545-AT70 
2828        26 USC 7805  ERISA Sec. 204(h) Notice.................................................    1545-AT78 
2829        26 USC 7805  Timing of Notice and Consent Requirements................................    1545-AU05 
2830        26 USC 7805  Modification of Bad Debts and Dealer Assignments of Notional Principal                 
            Contracts.............................................................................    1545-AU06 
2831        26 USC 7805  Nonresident Alien Shareholder; S Corporation Stock.......................    1545-AU18 
2832        26 USC 7805  Estate and Gift Tax Regulation...........................................    1545-AU27 
2833        26 USC 7805  Relief from Disqualification for Plans Accepting Rollovers...............    1545-AU46 
2834        26 USC 7805  Recomputation of Life Insurance Reserves.................................    1545-AU49 
2835        26 USC 7805  Payment From the Presidential Primary Matching Payment Account...........    1545-AU57 
2836        26 USC 7805  Disclosure of Certain Returns and Return Information by Other Federal                  
            Agencies..............................................................................    1545-AU83 
2837        26 USC 7805  Disclosure of Certain Returns and Return Information by Other Federal                  
            Agencies..............................................................................    1545-AU84 
2838        26 USC 7805  Special Rules Applicable to Sales of Debt Instrument Between Record Dates              
            and the End of Accrual Periods........................................................    1545-AU95 
2839        26 USC 7805  Legending of Remic Certificates..........................................    1545-AU96 
2840        26 USC 7872  Regulations on Income Tax Under the Tax Reform Act of 1984, Relating to                
            Below-Market Loans....................................................................    1545-AH72 
2841        26 USC 9801  Group Health Plan Portability, Access, and Renewability Requirements.....    1545-AV05 
----------------------------------------------------------------------------------------------------------------


[[Page 22172]]


                                   Internal Revenue Service--Completed Actions                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2842        26 USC 0025  Reissuance of Mortgage Credit Certificates (Cross-Reference to Temporary               
            Regulations)..........................................................................    1545-AR76 
2843        26 USC 0170  Self-Employment Tax Treatment of Members of Certain Limited Liability                  
            Companies.............................................................................    1545-AS94 
2844        26 USC 0170  Deductibility, Substantiation, and Disclosure of Certain Charitable                    
            Contributions.........................................................................    1545-AS95 
2845        26 USC 0338  Finalization of International Consistency Regulations, 1.338-4(h)........    1545-AO73 
2846        26 USC 0367  Certain Outbound Transfers of Domestic Stock or Securities (Corporate                  
            Inversions)...........................................................................    1545-AT42 
2847        26 USC 0403  403B Salary Reduction Election...........................................    1545-AU21 
2848        26 USC 0475  Mark-to-Market for Dealers in Securities: Equity Interests in Related                  
            Parties and the Dealer-Customer Relationship..........................................    1545-AT94 
2849        26 USC 0731  Partnership Distributions of Marketable Securities.......................    1545-AT19 
2850        26 USC 0863  Source of Income From Sales of Natural Resources Produced in One                       
            Jurisdiction and Sold in Another Jurisdiction.........................................    1545-AT92 
2851        26 USC 0902  Deemed Paid Credit Under Section 902 Determined on Accumulated Basis.....    1545-AL98 
2852        26 USC 0936  OBRA 1993 Section 936 Reg................................................    1545-AS43 
2853        26 USC 0954  Amendment to Subpart F Definitions.......................................    1545-AR31 
2854        26 USC 0956A  Earnings Invested in Excess Passive Assets..............................    1545-AS47 
2855        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 
2856        26 USC 1272  OID on Prepayable Debt Instruments.......................................    1545-AU50 
2857        26 USC 1275  Inflation-Indexed Securities.............................................    1545-AU44 
2858        26 USC 1291  Treatment of Shareholders of Passive Foreign Investment Companies........    1545-AC06 
2859        26 USC 1291  Passive Foreign Investment Companies.....................................    1545-AI33 
2860        26 USC 1377  Income Tax--Definitions and Special Rules Pertaining to S Corporations...    1545-AE94 
2861        26 USC 141  Definition of ``Private Activity Bond''...................................    1545-AU62 
2862        26 USC 2056A  Requirements To Ensure Collection of Section 2056A Estate Tax...........    1545-AT64 
2863        26 USC 3402  Electronic Filing of Form W-4............................................    1545-AR67 
2864        26 USC 3402  Electronic Filing of Form W-4............................................    1545-AU59 
2865        26 USC 4082  Diesel Fuel Tax - 1996 Amendment.........................................    1545-AU52 
2866        26 USC 6001  Mark-to-Market for Dealers in Securities.................................    1545-AV04 
2867        26 USC 6011  Requirement of Return and Time for Filing................................    1545-AU65 
2868        26 USC 6045  Magnetic Media Filing Requirements.......................................    1545-AU48 
2869        26 USC 6081  Income Taxes Automatic Extension of Time to File Partnership Return of                 
            Income and Trust Income Tax Return....................................................    1545-AU47 
2870        26 USC 6103  Disclosure of Return Information to the U.S. Customs Service.............    1545-AS52 
2871        26 USC 6103  Disclosure of Returns and Return Information To Procure Property or                    
            Services for Tax Administration Purposes..............................................    1545-AT48 
2872        26 USC 6231  Selection of Tax Matters Partner for Limited Liability Companies.........    1545-AS09 
2873        26 USC 6302  Deposits of Excise Tax...................................................    1545-AT25 
2874        26 USC 6334  Property Exempt From Levy................................................    1545-AU55 
2875        26 USC 7122  Compromises..............................................................    1545-AU56 
2876        26 USC 7805  Automatic Extension of Time for Filing Individual Tax Returns............    1545-AS04 
2877        26 USC 7805  Certain Elections Under the Omnibus Budget Reconciliation Act of 1993....    1545-AS14 
2878        26 USC 7805  Methods of Signing.......................................................    1545-AT23 
2879        26 USC 7805  Simplification of Entity Classification Rules............................    1545-AT91 
2880        26 USC 7805  Sale of Seized Property..................................................    1545-AU13 
2881        26 USC 7805  Taxpayer Bill of Rights 2, Miscellaneous Provisions Temporary Regulations    1545-AU63 
2882        26 USC 7805  Taxpayer Assistance Orders...............................................    1545-AU69 
2883        26 USC 7805  Estate and Gift Tax Regulation...........................................    1545-AU81 
2884        26 USC 7805  Section 42(d)(5) Federal Grants..........................................    1545-AU93 
2885        26 USC 7805  Credit for Employer Social Security Taxes Paid on Employee Tips..........    1545-AV06 
2886        28 USC 7805  Intangibles Under Sections 1060 and 338..................................    1545-AU82 
----------------------------------------------------------------------------------------------------------------


                                   Office of Thrift Supervision--Prerule Stage                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2887        12 CFR 545  Deposits and Electronic Banking...........................................    1550-AB00 
----------------------------------------------------------------------------------------------------------------


[[Page 22173]]


                                Office of Thrift Supervision--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2888        12 CFR 567  Risk-Based Capital Requirements - Recourse and Direct Credit Substitutes..    1550-AA70 
2889        12 CFR 566  Liquidity.................................................................    1550-AA77 
2890        12 CFR 543  Applications Processing...................................................    1550-AA83 
2891        12 CFR 567  Risk-Based Capital and Leverage Capital Standards.........................    1550-AB03 
2892        12 CFR 575  Mutual Savings and Loan Holding Companies.................................    1550-AB04 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2893        12 CFR 543  ''De Novo'' Applications for a Federal Savings Association Charter........    1550-AA76 
2894        12 CFR 567  Risk-Based Capital Requirements, Small Business Loan Recourse Obligations.    1550-AA81 
2895        12 CFR 567  Risk-Based Capital Standards; Collateralized Transactions.................    1550-AA98 
2896        12 CFR 563  Expanded Examination Cycle for Certain Small Insured Institutions.........    1550-AB02 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Long-Term Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2897        12 CFR 563  Capital Distributions.....................................................    1550-AA72 
2898        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   
----------------------------------------------------------------------------------------------------------------
2899        12 CFR 543  Regulatory Review: Corporate Governance...................................    1550-AA87 
2900        12 CFR 545  Regulatory Review: Subsidiaries...........................................    1550-AA88 
2901        12 CFR 545  Regulatory Review: Conflicts of Interest, Corporate Opportunity and Hazard              
            Insurance.............................................................................    1550-AA89 
2902        12 CFR 502  Regulatory Citations to Uniform Financial Institutions Rating System......    1550-AA99 
2903        12 CFR 510  Civil Monetary Penalty Inflation Adjustment...............................    1550-AB01 
2904        12 CFR 560  Amendments Implementing Economic Growth and Regulatory Paperwork Reduction              
            Act...................................................................................    1550-AB05 
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2470. 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.

[[Page 22174]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/14/97                     62 FR 6896
NPRM Comment Period End         03/17/97
Final Action                    07/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Serena D. Moe, Deputy Chief Counsel, Department of the 
Treasury, MT Annex, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-2410

RIN: 1505-AA59
_______________________________________________________________________




2471. 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 revision of a 
temporary rule for public comment to implement two 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 
provides financial and technical assistance to selected applicants in 
order to enhance their abilities 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 development and 
service 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                    10/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Maurice Jones, Legal Counsel, Department of the 
Treasury, CDFI Fund, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-8662
Fax: 202 622-7754

RIN: 1505-AA71
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Departmental Offices (DO)



_______________________________________________________________________




2472. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS; 
RECORDKEEPING RULES FOR NOTICED FINANCIAL INSTITUTION BROKER-DEALERS

Priority:  Substantive, Nonsignificant

CFR Citation:  17 CFR 404

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/18/97                     62 FR 7153
Final Action Effective          04/30/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kerry Lanham
Phone: 202 219-3632

RIN: 1505-AA70
BILLING CODE 4810-25-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2473. 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                            04/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Legal Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, 2070 Chain Bridge Road, 
Suite 200, Vienna, VA 22182
Phone: 703 905-3590

RIN: 1506-AA03
_______________________________________________________________________




2474. 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

[[Page 22175]]

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                            04/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Legal Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, 2070 Chain Bridge Road, 
Suite 200, Vienna, VA 22182
Phone: 703 905-3590

RIN: 1506-AA09
_______________________________________________________________________




2475. 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                            04/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Legal Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, 2070 Chain Bridge Road, 
Suite 200, Vienna, VA 22182
Phone: 703 905-3590

RIN: 1506-AA12
_______________________________________________________________________




2476. 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 rule will require reporting of cross-border 
transportation of certain negotiable instruments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/97                     62 FR 3249
NPRM Comment Period End         04/22/97
Final Action                    08/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Legal Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, 2070 Chain Bridge Road, 
Suite 200, Vienna, VA 22182
Phone: 703 905-3590

RIN: 1506-AA15
_______________________________________________________________________




2477.  AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS - SPECIAL 
REPORTING AND RECORDKEEPING REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 5313; 31 USC 5318

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This NPRM will propose to require special currency 
transaction reporting and recordkeeping by certain classes of 
businesses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Legal Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, 2070 Chain Bridge Road, 
Suite 200, Vienna, VA 22182
Phone: 703 905-3590

RIN: 1506-AA19
_______________________________________________________________________




2478.  AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS - 
SUSPICIOUS ACTIVITY REPORTING--MSB

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 5318(g)

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This NPRM will propose to require suspicious activity 
reporting by certain classes of businesses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Legal Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, 2070 Chain Bridge Road, 
Suite 200, Vienna, VA 22182
Phone: 703 905-3590

RIN: 1506-AA20
_______________________________________________________________________




2479.  AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS - 
SUSPICIOUS ACTIVITY REPORTING--BROKER/DEALERS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 5318(g)

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This NPRM will propose to require suspicious activity 
reporting by broker/dealers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Legal Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, 2070 Chain

[[Page 22176]]

Bridge Road, Suite 200, Vienna, VA 22182
Phone: 703 905-3590

RIN: 1506-AA21
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2480. 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                    04/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Legal Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, 2070 Chain Bridge Road, 
Suite 200, Vienna, VA 22182
Phone: 703 905-3590

RIN: 1506-AA11
_______________________________________________________________________




2481. 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 rule will include within the definition of ``financial 
institution'' those gaming establishments commonly known as ``card 
clubs.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/20/96                    61 FR 67260
NPRM Comment Period End         03/20/97
Final Action                    07/00/97

Small Entities Affected: None

Government Levels Affected: Tribal

Agency Contact: Stephen R. Kroll, Legal Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, 2070 Chain Bridge Road, 
Suite 200, Vienna, VA 22182
Phone: 703 905-3590

RIN: 1506-AA18
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2482. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT 
FINANCIAL INSTITUTIONS CARRY OUT ANTI-MONEY-LAUNDERING PROGRAMS

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 103

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Stephen R. Kroll
Phone: 703 905-3590

RIN: 1506-AA05
_______________________________________________________________________




2483. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF 
AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 103

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Stephen R. Kroll
Phone: 703 905-3590

RIN: 1506-AA08
BILLING CODE 4820-02-F

[[Page 22177]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2484. 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 reconcile Government 
Automated Clearing House (ACH) regulations and private industry rules 
as set forth by the National Automated Clearing House Association, by 
incorporating certain industry rules into Federal law. The revision 
will broaden the use of the ACH method and thereby further Treasury's 
requirement to disburse public funds solely by electronic means by 
1999.

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                            04/00/97
NPRM Comment Period End         06/00/97

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: 202 874-6590

RIN: 1510-AA17
_______________________________________________________________________




2485. 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                            05/00/97

Small Entities Affected: None

Government Levels Affected: State, Federal

Agency Contact: Catherine McHugh, Financial Program Specialist, Asset 
Management Policy & Planning Division, Department of the Treasury, 
Financial Management Service, Room 415B, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-7497

RIN: 1510-AA38
_______________________________________________________________________




2486. 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 3327; 31 USC 3702 note; 318 US 363 (1943)

CFR Citation:  31 CFR 240

Legal Deadline: None

Abstract: The first notice of proposed rulemaking (NPRM I) is a 
reissuance of the NPRM published on 9/21/95. The 9/21/95 notice 
proposed to fix the time by which Treasury can decline payment on 
Treasury checks, provide financial institutions with a date certain for 
final payments, and provide greater clarity by defining previously 
undefined terms. Finally, that notice proposed 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. 
NPRM I will announce the Department of the Treasury's intent that this 
regulation supersede Federal common law regarding the risk of loss on 
checks containing forged disbursing officer signatures, such as 
counterfeits. The second notice of proposed rulemaking (NPRM II) will 
further amend this regulation to implement provisions of the Debt 
Collection Improvement Act of 1996 authorizing the collection of debts 
owed by presenting banks through Treasury Check Offset. Among other 
things, NPRM II will broaden the use of powers of attorney for purposes 
of negotiating Treasury checks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/21/95                    60 FR 48940
NPRM Comment Period End         11/06/95
NPRM                            04/00/97
NPRM                            05/00/97

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
_______________________________________________________________________




2487. 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 3343; 31 
USC 3702; 31 USC 3712

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

[[Page 22178]]

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. Other revisions will govern the use of 
the Check Forgery Insurance Fund (Fund). The Fund is a revolving fund 
established to settle payee claims of non-receipt where the original 
check has been fraudulently negotiated. The Fund will ensure that 
innocent payees, whose Treasury checks have been fraudulently cashed, 
will receive replacement checks in a timely manner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/97

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Ella White, Customer Liaison Specialist, Department of 
the Treasury, Financial Management Service, 3700 East West Highway, 
Room 8A26, Hyattsville, MD 20782
Phone: 202 874-7475

RIN: 1510-AA51
_______________________________________________________________________




2488. 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 tax 
deposits held in designated Treasury tax and loan (TT and L) 
depositaries. The need for this regulation is being reviewed because it 
only applies to approximately 20 of the 12,000 TT and L depositaries. 
The affected depositaries may move to another insurer or may secure 
these tax deposits through the pledge of collateral.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael Dressler, 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
_______________________________________________________________________




2489. MANAGEMENT OF FEDERAL AGENCY DISBURSEMENTS

Priority:  Other Significant

Legal Authority:  5 USC 301; 31 USC 321; 31 USC 3301; 31 USC 3302; 31 
USC 3321; 31 USC 3325; 31 USC 3327; 31 USC 3328; 31 USC 3332; 31 USC 
3335; 31 USC 6503

CFR Citation:  31 CFR 208

Legal Deadline:  Final, Statutory, January 1999.

Abstract: Public Law 104-134 amended 12 USC 3332 to require Federal 
agencies to convert all Federal payments (other than payments under the 
Internal Revenue Code) from checks to electronic funds transfer in two 
phases. On July 26, 1996, an interim rule was published to implement 
the provisions of section 3332 that took effect on that date. An NPRM 
will be published in 1997 to implement the provisions of section 3332 
that take effect in January 1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/26/96                    61 FR 39254
Interim Rule Comment Period End 11/25/96
NPRM                            04/00/97
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Cynthia L. Johnson, Director, Cash Management Policy 
and Planning Division, Department of the Treasury, Financial Management 
Service, 401 14th St. SW., Room 420, Washington, DC 20227
Phone: 202 874-6590

RIN: 1510-AA56
_______________________________________________________________________




2490. FEDERAL CLAIMS COLLECTION STANDARDS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3701; 31 USC 3711; 31 USC 3716 to 3720A

CFR Citation:  31 CFR 295 to 299

Legal Deadline: None

Abstract: The Federal Claims Collection Standards prescribe basic 
standards for Federal agencies for collection of non-tax claims. The 
current standards originally were published in 1984 jointly by the 
Department of Justice and the General Accounting Office at 4 CFR parts 
101-105. The Department of the Treasury has been added as a co-signor 
by the Debt Collection Improvement Act of 1996 (Act) and the General 
Accounting Office was removed as a co- signor by the General Accounting 
Office Act of 1996. This revision, which will move the standards to 31 
CFR parts 295-299, is being made to simplify the language of the 
current standards and to incorporate changes made by the Act 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                            05/00/97

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: 202 874-6859

RIN: 1510-AA57
_______________________________________________________________________




2491. DEBT COLLECTION AUTHORITIES UNDER THE DEBT COLLECTION IMPROVEMENT 
ACT

Priority:  Other Significant

Legal Authority:  31 USC 3701; 31 USC 3711; 31 USC 3716 to 3720A

CFR Citation:  31 CFR 285

Legal Deadline: None

Abstract: This regulation will implement several provisions of the

[[Page 22179]]

Debt Collection Improvement Act of 1996 which specifically authorize 
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. The rule may be published in separate issuances, 
with the initial issuance projected to be published in April, 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/97

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
_______________________________________________________________________




2492.  ELECTRONIC BENEFIT TRANSFER; SELECTION AND DESIGNATION OF 
FINANCIAL INSTITUTIONS AS DEPOSITARY AND FINANCIAL AGENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 90; 12 USC 265 to 266; 12 USC 391; 12 USC 
1452(d); 12 USC 1767; 12 USC 1789a; 12 USC 2013; 12 USC 2122; 31 USC 
321; 31 USC 3122; 31 USC 3303; 31 USC 3321; 31 USC 3327; 31 USC 3332; 
31 USC 3335; ...

CFR Citation:  31 CFR 207

Legal Deadline: None

Abstract: Part 207 will provide a legal framework for implementation of 
Direct Federal electronic benefits transfer (EBT), a program which 
permits the delivery of benefits by electronic funds transfer to the 
unbanked. Part 207 describes the responsibilities of those financial 
institutions that are designated by Treasury as its financial agents 
for EBT.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John P. Galligan, Director, Card Technology Division, 
Department of the Treasury, Financial Management Service, 401 14th St. 
SW., Washington, DC 20227
Phone: 202 874-6550

RIN: 1510-AA59
_______________________________________________________________________




2493.  TAXPAYER IDENTIFYING NUMBER REQUIREMENT

Priority:  Other Significant

Legal Authority:  5 USC 301; 31 USC 321; 31 USC 3301; 31 USC 3302; 31 
USC 3321; 31 USC 3325; 31 USC 3528

CFR Citation:  31 CFR 212

Legal Deadline: None

Abstract: The Debt Collection Improvement Act requires executive 
agencies to include a taxpayer identifying number (TIN) for each 
payment request on a certified voucher submitted to a disbursing 
official. This rulemaking will provide notice that in the future 
disbursing officials will reject any executive agency payment request 
that does not include the TIN.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/97

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Catherine McHugh, Financial Program Specialist, Asset 
Management Policy & Planning Division, Department of the Treasury, 
Financial Management Service, Room 415B, 401 14th St. SW., Washington, 
DC 20227
Phone: 202 874-7497

RIN: 1510-AA61
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2494. 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. This 
revision will provide Federal agencies with the flexibility 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 
revision 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                            11/15/96                    61 FR 58493
NPRM Comment Period End         12/16/96
Final Action                    04/00/97

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Michael Dressler, 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

[[Page 22180]]

_______________________________________________________________________




2495. 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 265 to 
266; 31 USC 3301 to 3304; 12 USC 332; 12 USC 2013; 12 USC 90; 12 USC 
2122; 12 USC 391; 12 USC 1789a; 12 USC 1452(d); 12 USC 1464(k); 12 USC 
1767

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                            09/30/96                    61 FR 51186
NPRM Comment Period End         01/13/97                    61 FR 59211
Final Action                    06/00/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1510-AA37
_______________________________________________________________________




2496. 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 
1452(d); 12 USC 1464(k); 12 USC 1789a; 12 USC 2013; 12 USC 2122; 12 USC 
3101; 12 USC 3102; 31 USC 3303; 31 USC 3336

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                    04/00/97

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Michael Dressler, 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
_______________________________________________________________________




2497. 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 an amount which, together with the balance on hand in the 
bank, may not exceed estimated requirements for a 30-day period. The 
revised rule allows the purchase of foreign currency to a balance 
``commensurate with immediate disbursing requirements.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/96                     61 FR 2750
NPRM Comment Period End         02/28/96
Final Action                    09/00/97

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
_______________________________________________________________________




2498. PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  PL 104-53; PL 104-316; 31 USC 1304; 28 USC 2414

CFR Citation:  31 CFR 256

Legal Deadline: None

Abstract: This regulation governs the procedure for securing payment 
for money judgments against the United States. The proposed revision 
will update the procedure for making claims. This will benefit 
claimants and others in understanding the claims process. This 
regulation currently describes a process that involves the General 
Accounting Office (GAO) and the Treasury Department. The change would 
eliminate the GAO from this description to reflect legislative 
amendments that effect this change. Also, the regulation currently 
identifies monetary thresholds that no longer

[[Page 22181]]

exist. The change would reflect the removal of these monetary 
limitations and the resulting submission requirements. These changes in 
the regulation would make it consistent with current practices for 
claimants securing money judgments against the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/96                      61 FR 552
NPRM Comment Period End         02/07/96
Final Action                    04/00/97

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Mia Abeya, Manager, Judgment Fund Branch, Department of 
the Treasury, Financial Management Service, 3700 East West Highway, 
Room 622D, Hyattsville, MD 20782
Phone: 202 874-6664

RIN: 1510-AA52
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Financial Management Service (FMS)



_______________________________________________________________________




2499. 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.

CFR Citation:  31 CFR 209

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/27/96                    61 FR 68155
Final Action Effective          01/27/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Christine Ricci
Phone: 202 874-7458

RIN: 1510-AA30
BILLING CODE 4810-35-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2500. 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 has received a petition from brewing industry members 
seeking changes in the regulations regarding labeling and advertising 
of malt beverages. Changes sought include identifying the brewer who 
produces beer under contract for another person, requiring the actual 
place of production be shown on labels of malt beverage and the 
elimination of the principal place of business as the address on malt 
beverage labels. Other changes requested would require fresher dating 
on labels, and would establish a definition of ``microbrewery''. ATF is 
considering seeking comments on the petitions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           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
Email: [email protected]

RIN: 1512-AB45
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2501. 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:

Mendocino Ridge, CA (contact David Brokaw)  NPRM 06/00/97

Redwood Valley, CA (contact David Brokaw)  NPRM 09/03/96 (61 FR 
46403)  Comment Period End 10/18/96  Final Rule 12/23/96 (61 FR 67463)

San Francisco Bay, CA (contact David Brokaw)  NPRM 06/00/97

Texas Davis Mountains, TX (contact Marj Ruhf)  NPRM 06/00/97

Yorkville Highland, CA (contact Marj Ruhf)  NPRM 06/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: See Timetable, American Viticultural Areas, Department 
of the Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 
Massachusetts Avenue NW., Washington DC 20226

[[Page 22182]]

Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AA07
_______________________________________________________________________




2502. 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
Email: [email protected]

RIN: 1512-AA95
_______________________________________________________________________




2503. 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                            07/00/97

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
_______________________________________________________________________




2504. 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                            12/00/97

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
Email: [email protected]

RIN: 1512-AB17
_______________________________________________________________________




2505. 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                            06/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: David Brokaw, Coordinator, Department of the

[[Page 22183]]

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
_______________________________________________________________________




2506. REVISION OF BREWERY REGULATIONS AND ISSUANCE OF REGULATIONS FOR 
TAVERNS ON BREWERY PREMISES (BREWPUBS)

Priority:  Other Significant

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

Legal Authority:  26 USC 5051 to 5056; 26 USC 5401 to 5417; 27 USC 205

CFR Citation:  27 CFR 7; 27 CFR 25

Legal Deadline: None

Abstract: ATF intends to streamline regulations applying to breweries. 
ATF will eliminate obsolete regulatory provisions. A formula system for 
manufactured beer products will replace statements of process attached 
to the brewers notice. The annual notice for small brewers to pay 
reduced rate of tax will be eliminated. Separate regulations for 
brewpubs will be added to part 25. A section will be added to part 25 
to authorize and regulate the alternating use of brewery premises by 
different brewers. Regulations authorizing the operation of brew-on-
premises facilities will be added to part 25.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/97
NPRM Comment Period End         09/00/97
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1512-AB37
_______________________________________________________________________




2507.  PETITION TO REGULATE USE OF THE TERM MARGARITA, AND TO 
REGULATE USE OF CERTAIN TERMS WITH FLAVORED MALT BEVERAGES

Priority:  Substantive, Nonsignificant

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

CFR Citation:  27 CFR 5; 27 CFR 7

Legal Deadline: None

Abstract: ATF has been petitioned to amend regulations relating to 
labeling of malt beverages to prevent the use of terms such as ``Pina 
Colada,'' ``Daiquiri,'' or ``Margarita'' from being used to described 
flavored malt beverages. The petition also seeks amendment of 
regulations relating to the labeling of distilled spirits to prevent 
the term ``Margarita'' from being used on any product unless the 
product is made with tequila.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/07/96                    61 FR 57597
ANPRM Comment Period End        02/05/97
ANPRM Comment Period Extended   02/20/97                     62 FR 7742
ANPRM Comment Period Extended 
End                             03/07/97
NPRM                            07/00/97

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
Email: [email protected]

RIN: 1512-AB50
_______________________________________________________________________




2508. 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 proposing 
changes to the regulations to simplify such regulations so as to 
greatly reduce or eliminate unnecessary regulatory burden 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                            12/00/97

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
_______________________________________________________________________




2509. 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.

[[Page 22184]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/97

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
_______________________________________________________________________




2510.  IMPLEMENTATION OF WINE CREDIT PROVISIONS OF PUBLIC LAW 
104-188

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 552(a); 26 USC 5041

CFR Citation:  27 CFR 24.278; 27 CFR 24.279

Legal Deadline: None

Abstract: ATF is amending wine regulations to implement a law change 
which allows certain transferees in bond to deduct small wine producers 
tax credit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/97

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: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB65
_______________________________________________________________________



FIREARMS


                    ________________________________



2511.  COMMERCE IN FIREARMS AND AMMUNITION

Priority:  Substantive, Nonsignificant

Legal Authority:  18 USC 847; 18 USC 921 to 930

CFR Citation:  27 CFR 178

Legal Deadline: None

Abstract: The Omnibus Consolidated Appropriations Act of 1997 contains 
amendments to the Gun Control Act of 1986 (18 U.S.C. chapter 44). These 
amendments add to the category of ``prohibited persons'' anyone 
convicted of a ``misdemeanor crime of domestic violence''. The 
amendments require individuals acquiring handguns from Federal firearms 
licenses to certify (in accordance with the Brady Law) that they have 
not been convicted of such a crime. The amendments also provide for 
sales between Federal firearms licensees of curio and relic firearms 
away from their licensed premises.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/97
Interim Final Rule              06/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Barry Fields, 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-AB64
_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2512. EXPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES, 
WITHOUT PAYMENT OF TAX, OR WITH DRAWBACK OF TAX

Priority:  Substantive, Nonsignificant

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

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 290

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/08/92                    57 FR 40889
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   01/08/93                     58 FR 3247
ANPRM Comment Period Extended 
End                             03/09/93
NPRM                            07/00/97

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


                    ________________________________



2513. GRAPE WINE DESIGNATION--GAMAY BEAUJOLAIS

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205(e)

CFR Citation:  27 CFR 4

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/05/94                    59 FR 15878

[[Page 22185]]

NPRM Comment Period End         07/05/94
Final Action                    06/00/97

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
_______________________________________________________________________




2514. 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                    12/00/97

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
_______________________________________________________________________




2515. 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: Marj 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-AB34
_______________________________________________________________________




2516. 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                    08/00/97

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-AB40

[[Page 22186]]

_______________________________________________________________________




2517. 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                    07/00/97

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
_______________________________________________________________________




2518. 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                    12/00/97

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
_______________________________________________________________________




2519. 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                    12/00/97

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-AB59
_______________________________________________________________________




2520. 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 applications 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                    12/00/97

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

[[Page 22187]]

_______________________________________________________________________



EXPLOSIVES


                    ________________________________



2521. 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 permit fees; 3) eliminate the 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                            10/15/96                    61 FR 53688
NPRM Comment Period End         01/13/97
Final Action                    06/00/97

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
_______________________________________________________________________




2522.  IMPLEMENTATION OF PUBLIC LAW 104-132, THE ANTITERRORISM 
AND EFFECTIVE DEATH PENALTY ACT OF 1996, RELATING TO THE MARKING OF 
PLASTIC EXPLOSIVES FOR THE PURPOSE OF DETECTION

Priority:  Other Significant

Legal Authority:  18 USC 847; 22 USC 2778

CFR Citation:  27 CFR 47; 27 CFR 55

Legal Deadline:  Other, Statutory, April 24, 1997.
Provisions of the law will become effective 4/24/97.

Abstract: This temporary rule implements certain provisions of the 
Antiterrorism and Effective Death Penalty Act of 1996 (Public law 104-
132). These regulations implement the law by requiring detection agents 
for plastic explosives. The temporary rule also authorizes the use of 
four specific detection agents to mark plastic explosives and provides 
for the designation of other detection agents.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/25/97                     62 FR 8412
Interim Final Rule              02/25/97                     62 FR 8374
Final Action Effective          04/24/97
NPRM Comment Period End         05/27/97                     62 FR 8374

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-AB63
_______________________________________________________________________



FIREARMS


                    ________________________________



2523. 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                    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: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB33
_______________________________________________________________________




2524. IMPLEMENTATION OF PUBLIC LAW 103-322, THE VIOLENT CRIME CONTROL 
AND LAW ENFORCEMENT ACT OF 1994

Priority:  Other Significant

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/06/95                    60 FR 17494
Interim Final Rule              04/06/95                    60 FR 17446
NPRM Comment Period End         07/05/95
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                    07/00/97

Small Entities Affected: None

[[Page 22188]]

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
_______________________________________________________________________




2525. 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                    07/00/97

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
_______________________________________________________________________




2526. 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                    06/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marsha Baker, 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
_______________________________________________________________________




2527. 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                            08/29/96                    61 FR 45377
NPRM Comment Period End         11/27/96
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: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB49
_______________________________________________________________________




2528.  REMOVAL OF RESTRICTIONS ON IMPORTATION OF DEFENSE 
ARTICLES FROM SPECIFIED NEW INDEPENDENT STATES OF THE FORMER SOVIET 
UNION AND YUGOSLAVIA

Priority:  Substantive, Nonsignificant

Legal Authority:  22 USC 2778

CFR Citation:  27 CFR 47.52; 27 CFR 47.57

Legal Deadline: None

Abstract: The Arms Export Control Act of 1976, 22 U.S.C 2778, gives the 
President the authority to control the importation of defense articles 
and defense services. ATF has the authority to control the import of 
defense articles and defense services, but is guided by the Department 
of State on matters affecting foreign policy. The Department of State 
recommended that ATF formally remove some of the former States of the 
Soviet Union from the list in 27 CFR 47.52(a) of countries from which 
the import of defense articles into the United States is proscribed. 
The countries removed are Georgia, Kazakstan, Kyrgyzstan, Moldova, 
Russian Federation, Turkmenistan, Ukraine, and Uzbekistan. The 
regulations will also be amended to implement import restrictions on 
defense articles from these States resulting from an April 3, 1996, 
agreement between the United States and Russia, and subsequent 
instructions from the State Department. With the exception of Serbia 
and Montenegro the States of the former Yugoslavia are also remove from 
the list. Also, applications to import parts of military firearms or 
ammunition of U.S. manufacture must be accompanied

[[Page 22189]]

by a statement certifying that the parts were not furnished to a 
foreign government under a foreign assistance or sales program of the 
United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Larry White, Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8320
Fax: 202 927-2697

RIN: 1512-AB62
_______________________________________________________________________



PROCEDURAL


                    ________________________________



2529. 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                    07/00/97

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
_______________________________________________________________________




2530. 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                    07/00/97

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-AB54
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________




2531. PRODUCTION OF BEER FOR PERSONAL OR FAMILY USE AT BREW-ON-PREMISES 
FACILITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 25.205; 27 CFR 25.206

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn This rulemaking is 
incorporated into RIN 1512-AB37.01/31/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles Bacon
Phone: 202 927-8230
Fax: 202 927-8602
Email: [email protected]

RIN: 1512-AB18
_______________________________________________________________________




2532. EXPLOSIVES MATERIALS IN THE FIREWORKS INDUSTRY

Priority:  Other Significant

CFR Citation:  27 CFR 55

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

General Notice of Regulatory 
Review                          01/10/97                     62 FR 1386

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Mark Waller
Phone: 202 927-8310
Fax: 202 927-7488

RIN: 1512-AB48
_______________________________________________________________________




2533. MANUFACTURE OF TOBACCO PRODUCTS

Priority:  Substantive, Nonsignificant

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

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/17/96                    61 FR 54084
Final Action Effective          10/17/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Cliff Mullen
Phone: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB52
BILLING CODE 4810-31-F

[[Page 22190]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2534. 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) 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 section 303 of the Riegle Community Development and 
Improvement Act of 1994, Pub. L. 103-325 (Sept. 23, 1994) (CDRI section 
303).

Timetable:

Collateralized Transactions  NPRM 08/16/96 (61 FR 42565)  Final Rule 
06/00/97

CDRI Section 303 Capital Amendments  NPRM 06/00/97

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 
06/00/97

Recourse: Recourse and Direct Credit Substitutes  ANPRM/NPRM 05/25/94 
(59 FR 27116)  NPRM 06/00/97

Recourse: Small Business Loans  Interim Rule 09/13/95 (60 FR 
47455)  Final Rule 06/00/97

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
_______________________________________________________________________




2535. UNIFORM RULES OF PRACTICE AND PROCEDURE; REGULATION REVIEW

Priority:  Info./Admin./Other

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

CFR Citation:  12 CFR 19

Legal Deadline: None

Abstract: The OCC would implement section 112(g)(4) of the Federal 
Deposit Insurance Corporation Improvement Act of 1991 to develop joint 
agency procedures for the suspension and debarment of accountants, upon 
a showing of good cause, from performing certain audit services.

Timetable:

Suspension and Debarment of Accountants  NPRM 07/00/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1557-AB43
_______________________________________________________________________




2536. PROHIBITION AGAINST USING INTERSTATE BRANCHES PRIMARILY FOR 
DEPOSIT PRODUCTION

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 
FRB and FDIC, 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                            03/17/97                    62 FR 12730
NPRM Comment Period End         05/02/97

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
_______________________________________________________________________




2537. 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                            07/00/97

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

[[Page 22191]]

_______________________________________________________________________




2538.  MANAGEMENT OFFICIAL INTERLOCKS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 3201 et seq

CFR Citation:  12 CFR 26

Legal Deadline: None

Abstract: The rulemaking will amend the current regulation to conform 
the regulation to recent changes made to the Depository Institutions 
Management Interlocks Act (DIMIA). DIMIA was amended to raise the asset 
threshold for the prohibition against interlocks involving an 
institution with at least $1 billion in total assets and an institution 
with at least $500 million in total assets. DIMIA also was amended to 
expand the exemptive authority of the OCC and other Federal banking 
agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/97

Small Entities Affected: None

Government Levels Affected: None

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-AB60
_______________________________________________________________________




2539.  INTERPRETIVE RULINGS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1 et seq; 12 USC 93a

CFR Citation:  12 CFR 7.4001; 12 CFR 7.4002

Legal Deadline: None

Abstract: The OCC would clarify 12 CFR 7.4001(a) and 7.4002 regarding 
the terms ``nonsufficient fund fees (NSF fees)'' and ``NSF check 
charges''.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/97

Small Entities Affected: None

Government Levels Affected: None

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-AB61
_______________________________________________________________________




2540.  MUNICIPAL SECURITIES DEALERS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a; 15 USC 78o-4(c)(5); 15 USC 78q to 78w

CFR Citation:  12 CFR 10

Legal Deadline: None

Abstract: The OCC is proposing to streamline the regulation by 
eliminating language that mirrors regulations of the Municipal 
Securities Rulemaking Board (MSRB). The proposed revision would amend 
the current OCC regulation by replacing duplicative language with a 
reference to the appropriate MSRB regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joanna Hadley, 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-AB62
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2541. 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: These rulemakings authorize the OCC to reduce assessments for 
national banks in a bank holding company, other than the largest 
national bank. The OCC will consider additional changes to assessments 
and fees in subsequent rulemakings.

Timetable:

Assessments Review  Interim Rule w/Req. for Comments 12/02/96 (61 FR 
64000)  Final Rule 09/00/97

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

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: 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
Patricia Grady, Senior Attorney, Department of the Treasury, 
Comptroller of the Currency, Administrative and Internal Law Division
Phone: 202 874-4460
Fax: 202 874-4555

RIN: 1557-AB41
_______________________________________________________________________




2542. 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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/25/96                    61 FR 18470
NPRM Comment Period End         06/24/96
Final Action                    04/00/97

[[Page 22192]]

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
_______________________________________________________________________




2543. 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

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
Aline Henderson, Senior Attorney, Department of the Treasury, 
Comptroller of the Currency, Bank Activities & Structure Division, 250 
E Street SW., Washington, DC 20219
Phone: 202 874-5300
Fax: 202 874-5322

RIN: 1557-AB55
_______________________________________________________________________




2544. 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 is implementing 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

________________________________________________________________________

Interim Rule w/Request for 
Comments                        02/12/97                     62 FR 6449
Interim Rule Effective Date     02/12/97
Interim Rule Comment Period End 04/14/97
Final Action                    09/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joanna Hadley, 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
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2545. 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
_______________________________________________________________________




2546. QUALIFICATION REQUIREMENTS FOR TRANSACTIONS IN CERTAIN SECURITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 12

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/96                    61 FR 68823
NPRM Comment Period End         02/28/97
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

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

RIN: 1557-AB54
_______________________________________________________________________




2547. INTERNATIONAL LENDING SUPERVISION

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 28

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Nancy Michaleski
Phone: 202 874-5090
Fax: 202 874-4889

RIN: 1557-AB58

[[Page 22193]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2548. 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.

CFR Citation:  12 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/30/96                    61 FR 68543
Final Action Effective          01/29/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1557-AB12
_______________________________________________________________________




2549. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/27/96                    61 FR 60342
Final Action Effective          12/31/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stuart Feldstein
Phone: 202 874-5090
Fax: 202 874-4889
Cheryl Martin
Phone: 202 874-5060
Fax: 202 874-5293

RIN: 1557-AB27
_______________________________________________________________________




2550. 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.

CFR Citation:  12 CFR 1; 12 CFR 7

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/02/96                    61 FR 63972
Final Action Effective          12/31/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1557-AB37
_______________________________________________________________________




2551. RECORDKEEPING AND CONFIRMATION REQUIREMENTS FOR SECURITIES 
TRANSACTIONS; REGULATION REVIEW

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 12

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/02/96                    61 FR 63958
Final Action Effective          12/31/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Tenhundfeld
Phone: 202 874-5090
Fax: 202 874-4889
Suzette Greco
Phone: 202 874-5210
Fax: 202 874-5279

RIN: 1557-AB42
_______________________________________________________________________




2552. 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.

CFR Citation:  12 CFR 23

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/18/96                    61 FR 66554
Final Action Effective          01/17/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1557-AB45
_______________________________________________________________________




2553. RULES OF PRACTICE AND PROCEDURE

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 19

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/22/97                     62 FR 3199
Final Action Effective          01/22/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1557-AB57
BILLING CODE 4810-33-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2554. 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

[[Page 22194]]

NPRM Comment Period End         09/27/93
NPRM Revising initial proposal  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
_______________________________________________________________________




2555. 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                            04/00/97

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
_______________________________________________________________________




2556. 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                            06/00/97

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
_______________________________________________________________________




2557. 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                            07/00/97

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
_______________________________________________________________________




2558. ANDEAN TRADE PREFERENCE

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 10

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joyce Metzger, Office of Field Operations, Department 
of the Treasury, United States Customs Service, 1301 Constitution 
Avenue NW., Washington, DC 20229
Phone: 202 927-0792

RIN: 1515-AB59
_______________________________________________________________________




2559. 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 151; 19 CFR 113

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

[[Page 22195]]

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                            08/00/97

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
_______________________________________________________________________




2560. LIQUIDATION; EXTENSION; SUSPENSION

Priority:  Substantive, Nonsignificant

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

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

CFR Citation:  19 CFR 159

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1515-AB66
_______________________________________________________________________




2561. 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                            06/00/97

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
_______________________________________________________________________




2562. 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 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                            05/00/97

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
_______________________________________________________________________




2563. 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.

[[Page 22196]]

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/97

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
_______________________________________________________________________




2564. 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                            09/00/97

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
_______________________________________________________________________




2565. FOREIGN-BASED COMMERCIAL MOTOR VEHICLES IN INTERNATIONAL TRAFFIC

Priority:  Substantive, Nonsignificant

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

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1431; 19 USC 1433; 19 
USC 1322; 19 USC 1624

CFR Citation:  19 CFR 123

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/97

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
_______________________________________________________________________




2566. 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                            06/00/97

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
_______________________________________________________________________




2567. 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 171; 19 CFR 172; 19 CFR 18; 19 CFR 24; 19 CFR 
111;

[[Page 22197]]

19 CFR 113; 19 CFR 114; 19 CFR 125; 19 CFR 145; 19 CFR 162; 19 CFR 10; 
19 CFR 12

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                            04/00/97

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
_______________________________________________________________________




2568.  WEEKLY ENTRY PROCEDURE FOR FOREIGN TRADE ZONES

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 81a to 81u; 19 USC 1202; 19 USC 
1623; 19 USC 1624

CFR Citation:  19 CFR 146

Legal Deadline: None

Abstract: Amendment to expand the weekly entry procedure for foreign 
trade zones under certain circumstances to include merchandise involved 
in activities other than exclusively assembly-line type production 
operations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/14/97                    62 FR 12129
NPRM Comment Period End         04/14/97
Interim Final Rule              10/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marsha Malbrough, Trade Compliance Officer, Office of 
Field Operations, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0457

RIN: 1515-AC05
_______________________________________________________________________




2569.  CENTRALIZED EXAMINATION STATIONS

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 1499; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 118

Legal Deadline: None

Abstract: Amendment to allow a centralized examination station (CES) to 
handle exported as well as imported merchandise and to make CES 
application procedures more flexible.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bill Kotlowy, Operations Officer, Department of the 
Treasury, United States Customs Service, 1301 Constitution Avenue NW., 
Washington, DC 20229
Phone: 202 927-1364

RIN: 1515-AC07
_______________________________________________________________________




2570.  GUIDELINES FOR THE IMPOSITION AND MITIGATION OF PENALTIES 
FOR VIOLATION OF 19 USC 1592

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1592; 19 USC 1624

CFR Citation:  19 CFR 171

Legal Deadline: None

Abstract: Revision of guidelines for remitting and mitigating penalties 
relating to violations of section 592 of the Tariff Act of 1930, as 
amended. A violation of 592 involves the entry or introduction or 
attempted entry or introduction of merchandise into the United States 
by fraud, gross negligence or negligence.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/97

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 Ave. 
NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6946

RIN: 1515-AC08
_______________________________________________________________________




2571.  INCREASE OF MAXIMUM AMOUNT FOR INFORMAL ENTRIES TO $2000

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1321; 19 USC 1481; 19 USC 1484; 19 
USC 1448; 19 USC 1202; 19 USC 1624; 19 USC 1496; 18 USC 545; 19 USC 
1618; 19 USC 1498

CFR Citation:  19 CFR 141; 19 CFR 143; 19 CFR 145; 19 CFR 148; 19 CFR 
10

Legal Deadline: None

Abstract: Amendment to increase the informal entry value limit to 
$2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Linda Walfish, Trade Compliance Officer, Office of 
Field Operations, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0042
Jerry Laderberg, Chief, Entry and Carrier Rulings Branch, Department of 
the Treasury, United States Customs Service, 1301 Constitution Avenue 
NW., Franklin Court, Washington, DC 20229
Phone: 202 482-7052

RIN: 1515-AC11

[[Page 22198]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2572. 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
NPRM - Revision of Initial 
Proposal                        07/14/95                    60 FR 36249
NPRM Comment Period End - 
Revision of Initial Proposal    09/12/95
Final Action                    05/00/97

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
_______________________________________________________________________




2573. 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                    07/00/97

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
_______________________________________________________________________




2574. WAREHOUSE WITHDRAWALS; AIRCRAFT FUEL SUPPLIES; PIPELINE 
TRANSPORTATION IN BOND OF MERCHANDISE

Priority:  Substantive, Nonsignificant

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

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

CFR Citation:  19 CFR 10; 19 CFR 18

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              02/22/96                     61 FR 6772
Final Action                    06/00/97

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
_______________________________________________________________________




2575. 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                    05/00/97

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
_______________________________________________________________________




2576. 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

[[Page 22199]]

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                            10/04/96                    61 FR 51849
NPRM Comment Period End         12/03/96
Final Action                    07/00/97

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
_______________________________________________________________________




2577. COUNTRY-OF-ORIGIN MARKING

Priority:  Substantive, Nonsignificant

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

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

CFR Citation:  19 CFR 134

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/16/95                    60 FR 57559
NPRM Comment Period End         02/15/96                    60 FR 66952
Final Action                    06/00/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1515-AB82
_______________________________________________________________________




2578. 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 181; 19 CFR 113; 19 CFR 141; 19 CFR 144; 19 CFR 
10

Legal Deadline:  Final, Statutory, January 1, 1996.

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/30/96                     61 FR 2908
Final Action                    06/00/97

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
_______________________________________________________________________




2579. 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                    07/00/97

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
_______________________________________________________________________




2580. 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

[[Page 22200]]

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                    07/00/97

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
_______________________________________________________________________




2581. 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                    06/00/97

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
_______________________________________________________________________




2582. 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 191; 19 CFR 10; 19 CFR 145; 19 CFR 173; 19 CFR 
174; 19 CFR 181; 19 CFR 7

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                            01/21/97                     62 FR 3082
NPRM Comment Period End         04/24/97                     62 FR 9401
Final Action                    11/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Maryanne Carney, Chief, Drawback and Records Branch, 
Department of the Treasury, United States Customs Service, 6 World 
Trade Center, New York, New York 10048
Phone: 212 466-4575
Paul Hegland, Attorney, Entry and Carrier Rulings Branch, Department of 
the Treasury, United States Customs Service, 1301 Constitution Avenue 
NW., Franklin Court, Washington, DC 20229
Phone: 202 482-7040

RIN: 1515-AB95
_______________________________________________________________________




2583. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 
USC 2416; 19 USC 2171

CFR Citation:  19 CFR 12; 19 CFR 113

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              02/26/97                     62 FR 8620
Final Action                    07/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gary Manes, Office of Field Operations, Department of 
the Treasury, United States Customs Service, 1301 Constitution Avenue 
NW., Washington, DC 20229
Phone: 202 927-1133

RIN: 1515-AB97
_______________________________________________________________________




2584. 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

[[Page 22201]]

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 
``commencement of a formal investigation.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/26/96                    61 FR 50459
NPRM Comment Period End         11/25/96
Final Action                    05/00/97

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
_______________________________________________________________________




2585. 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              07/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Laria, 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
_______________________________________________________________________




2586. 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                    05/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Nancy Elam, 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
_______________________________________________________________________




2587. 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 114; 19 CFR 18; 19 CFR 10

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                            11/04/96                    61 FR 56645
NPRM Comment Period End         01/03/97
Final Action                    05/00/97

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
_______________________________________________________________________




2588. 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

[[Page 22202]]

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                    10/00/97

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
_______________________________________________________________________




2589.  DISPOSITION OF EXCLUDED ARTICLES PURSUANT TO THE 
ANTICOUNTERFEITING CONSUMER PROTECTION ACT

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:  Final, Statutory, January 2, 1997.

Abstract: Document amends the Customs Regulations to implement section 
8 of the Anticounterfeiting Consumer Protection Act of 1996 (ACPA). 
Section 8 of the ACPA concerns the disposition of excluded articles and 
eliminates a statutory provision that allowed infringing imported goods 
to be returned to the country of export whenever it is shown that the 
importer had no reasonable grounds for believing his or her acts 
constituted a violation of law. The statutory amendment now allows 
government officials to destroy such goods. The regulatory change 
reflects the statutory amendment and is designed to help Customs fight 
counterfeiting more effectively.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Atwood, Chief, 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-AC09
_______________________________________________________________________




2590.  ANTICOUNTERFEITING CONSUMER PROTECTION ACT: DISPOSITION 
OF MERCHANDISE BEARING COUNTERFEIT AMERICAN TRADEMARKS; CIVIL PENALTIES

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 133

Legal Deadline:  Final, Statutory, January 2, 1997.

Abstract: Amendment to implement two statutory changes contained in the 
Anticounterfeiting Consumer Protection Act of 1996. The changes concern 
government disposition of merchandise bearing counterfeit American 
trademarks and increased civil penalties on those involved in the 
importation of counterfeit goods.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles Ressin, Chief, Penalties Branch, Department of 
the Treasury, United States Customs Service, 1301 Constitution Avenue 
NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6950
John Atwood, Chief, 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-AC10
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2591. 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
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0034

RIN: 1515-AA57
_______________________________________________________________________




2592. 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
_______________________________________________________________________




2593. 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; 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
NPRM revising initial proposal  05/05/95                    60 FR 22312

[[Page 22203]]

NPRM additionally revising 
proposal                        07/12/95                    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
_______________________________________________________________________




2594. 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         04/22/93                    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
_______________________________________________________________________




2595. FEES ASSESSED FOR DEFAULTED PAYMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 24

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/23/94                    59 FR 13664
NPRM Comment Period End         05/23/94


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David Baker
Phone: 202 927-0620

RIN: 1515-AB38
_______________________________________________________________________




2596. IMPORTER CERTIFICATION REGARDING COUNTRY OF ORIGIN OF TEXTILES AND 
TEXTILE PRODUCTS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 12

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/30/94                    59 FR 14806
NPRM Comment Period End         05/31/94


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dick Crichton
Phone: 202 927-0162

RIN: 1515-AB43
_______________________________________________________________________




2597. COUNTRY-OF-ORIGIN MARKING FOR WATCHES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 134

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Burton Schlissel
Phone: 202 482-6980

RIN: 1515-AB68
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2598. SUBSTITUTION UNUSED MERCHANDISE DRAWBACK

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 191

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn Because subject matter 
is encompassed in drawback 
proposal.                       01/21/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1515-AB48
_______________________________________________________________________




2599. 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.

CFR Citation:  19 CFR 19; 19 CFR 144

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/03/97                    62 FR 15831
Final Action Effective          05/05/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Steven T. Soggin
Phone: 202 927-0765

RIN: 1515-AB86
_______________________________________________________________________




2600.  REMOVAL OF CANADIAN CRUDE PETROLEUM REGULATION

Priority:  Substantive, Nonsignificant

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

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 
3314

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Amendment to remove a regulatory provision that sets forth 
procedures for the allowance of duty-free entry of Canadian crude 
petroleum.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn - No action expected 
as provision still has statutory 
basis.                          10/11/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Larry Ordet, Attorney, Entry and Carrier Rulings 
Branch, Department of the Treasury, United States Customs Service, 1301 
Constiution Avenue NW., Franklin Court, Washington, DC 20229

[[Page 22204]]

Phone: 202 482-7028

RIN: 1515-AC06
BILLING CODE 4820-02-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2601. STATEMENT OF PROCEDURAL RULES--PART 601.702 APPENDIX B - INTERNAL 
REVENUE SERVICE - 31 CFR PART 1

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 552; 5 USC 301

CFR Citation:  26 CFR 601; 31 CFR 1

Legal Deadline:  Other, Statutory, March 31, 1997.
The provisions of the Electronic Freedom of Information Act Amendments 
of 1996 take effect 180 days from enactment, i.e. March 31, 1997.

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. The document also contains proposed rules amending 31 
CFR part 1 appendix B, Disclosure of Records, Freedom of Information 
Act, Internal Revenue Service Rules, to reflect changes mandated by the 
Electronic Freedom of Information Act Amendments of 1996, Pub. L. No. 
104-231 (October 2, 1996).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/97
Statement of Procedural Rules   09/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209791-95 (DL-41-95)
Drafting attorney: Charles B. Christopher (202) 622-4580.
CC:EL:DL

Agency Contact: Charles B. Christopher, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4580
Fax: 202 622-6279

RIN: 1545-AR99
_______________________________________________________________________




2602. 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                            01/02/97                       62 FR 81
NPRM Comment Period End         04/22/97
Hearing                         05/13/97                       62 FR 81
Second NPRM                     12/00/97

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.
Treasury attorney: Paul Crispino (202) 622-0224.
CC:DOM:P&SI

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
_______________________________________________________________________




2603. 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
Second NPRM                     12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209476-82 (EE-106-82)
Drafting tax law Specialist: Vernon S. Carter (202) 622-6070.
Reviewing attorney: Alan Tawshunsky (202) 622-6000.
Treasury attorney: William Bortz (202) 622-1352.
CC:EBEO

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

[[Page 22205]]

Phone: 202 622-6070
Fax: 202 622-3912

RIN: 1545-AE41
_______________________________________________________________________




2604. CONTINUATION COVERAGE REQUIREMENTS OF GROUP HEALTH PLANS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 106; 26 USC 162; 26 USC 4980B

CFR Citation:  26 CFR 1; 26 CFR 54

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/15/87                    52 FR 22716
NPRM Comment Period End         08/14/87
Hearing                         11/04/87
Second NPRM                     12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209485-86 (EE-143-86)
Drafting attorney: Russell Weinheimer (202) 622-6060.
Review attorney: Mark Schwimmer (202) 622-6060.
Treasury attorney: Mark Hamelburg (202) 622-1341.
CC:EBEO

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

RIN: 1545-AI93
_______________________________________________________________________




2605. 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                            12/00/97

Small Entities Affected: None

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.
Treasury attorney: Annette Smith (202) 622-0868.
CC:DOM:IT&A

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
_______________________________________________________________________




2606. 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                            12/00/97

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.
CC:DOM:IT&A

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
_______________________________________________________________________




2607. SUBSTANTIATION OF EXPENSES--RECEIPT THRESHOLD

Priority:  Substantive, Nonsignificant

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                            04/00/97

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.
CC:DOM:IT&A

Agency Contact: Donna Crisali, 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
_______________________________________________________________________




2608. 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

[[Page 22206]]

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                            12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209715-94 (CO-35-94)
Drafting attorney: Kirsten L. Simpson (202) 622-7550.
Reviewing attorney: Ken Cohen (202) 622-7790.
Treasury attorney: Rose Williams (202) 622-1788.
CC:DOM:CORP

Agency Contact: Kirsten L. Simpson, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-7550

RIN: 1545-AS91
_______________________________________________________________________




2609. 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                            12/00/97

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.
CC:INTL

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

RIN: 1545-AM97
_______________________________________________________________________




2610. ACCOUNTING FOR LONG-TERM CONTRACTS

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; 26 USC 460

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: Section 460 requires a taxpayer to use the percentage-of- 
completion method of accounting for long-term contracts. The proposed 
regulations will provide general guidelines for determining whether a 
manufactured item is ``unique'' or normally requires more than 12 
months to complete. In addition, the proposed regulations will provide 
general rules for long-term contracts, including special accounting 
rules for exempt construction contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Analysis: Regulatory Flexibility Analysis

Additional Information: REG-208156-91 (IA-58-91)
Drafting attorney: Leo F. Nolan II (202) 622-4960.
Reviewing attorney: Robert M. Casey (202) 622-4960.
Treasury attorney: Annette Smith (202) 622-0868.
CC:DOM:IT&A

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
_______________________________________________________________________




2611. 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                            12/00/97

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.
Treasury attorney: Kevin Anderson (202) 622-1981.
CC:DOM:IT&A

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
_______________________________________________________________________




2612. TAXATION OF GLOBAL TRADING

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

Unfunded Mandates: Undetermined

[[Page 22207]]

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

________________________________________________________________________

ANPRM                           08/28/90                    55 FR 35152
NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-208299-90 (INTL-70-90)
Drafting attorney: Richard Hoge (202) 622-3870.
Reviewing attorney: Jeff Dorfman (202) 622-3870.
Treasury attorney: Patricia Brown (202) 622-1781.
CC:INTL

Agency Contact: Richard 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-AP01
_______________________________________________________________________




2613. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/97

Small Entities Affected: None

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.
Treasury attorney: Beth Kaufman (202) 622-1766.
CC:DOM:P&SI

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
_______________________________________________________________________




2614. 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                            12/00/97

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.
Treasury attorney: John Rooney (202) 622-1335.
CC:DOM:P&SI

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
_______________________________________________________________________




2615.  SOURCE OF INCOME FROM SALES OF INVENTORY PARTLY FROM 
SOURCES WITHIN A POSSESSION OF THE UNITED STATES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 863

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations would provide rules for determining the 
source of income for property provided (in whole or in part) in the 
United States and sold in a possession of the United States, or 
produced (in whole or in part) in a possession of the United States and 
sold in the United States, as well as rules for determining the source 
of income for property purchased in a possession and sold in the United 
States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-251985-96
Drafting attorney: Anne Shelburne (202) 622-3880.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: David Sutherland (202) 622-1754.
CC:INTL

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-AU79
_______________________________________________________________________




2616.  SOURCE RULES FOR PAYMENTS MADE PURSUANT TO CERTAIN SWAP 
ARRANGEMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 863; 26 USC 7701

CFR Citation:  26 CFR 1; 26 CFR 863; 26 CFR 7701; 26 CFR 7805

Legal Deadline: None

Abstract: Proposed regulations would provide rules for determining the 
source and character of payments made in certain swap transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

[[Page 22208]]

Additional Information: REG-253560-96
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Paul Epstein (202) 622-3870.
Treasury attorney: Patricia A. Brown (202) 622-1781.
CC:INTL

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-AU89
_______________________________________________________________________




2617. 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                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209604-93 (INTL-001-93)
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Jeff Dorfman (202) 622-3870.
Treasury attorney: Stuart Leblang (202) 622-1779.
CC:INTL

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

RIN: 1545-AR20
_______________________________________________________________________




2618. 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                            12/00/97

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.
CC:INTL

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
_______________________________________________________________________




2619.  S CORPORATION SUBSIDIARIES

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 1361; 26 USC 1362

CFR Citation:  26 CFR 601

Legal Deadline: None

Abstract: Prior to enactment of the Small Business Job Protection Act 
of 1996, (SBJPA), S corporations were prohibited from owning 80 percent 
or more of the stock of another corporation. In addition, an S 
corporation could not have as a shareholder another corporation. The 
SBJPA amended the code, allowing S corporations to own 80 percent or 
more of a C corporation. Furthermore, an S corporation is allowed to 
own a qualified subchapter S subsidiary. This regulation project 
interprets section 1308 of the CBJA, providing guidance to taxpayers in 
both situations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-251698-96
Drafting attorney: Deanna Walton (202) 622-3050.
Reviewing attorney: Dianna Miosi (202) 622-3050.
Treasury attorney: John Rooney (202) 622-1335.
CC:DOM:PS&I

Agency Contact: Deanna Walton, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3050
Fax: 202 622-4524
Email: nocldlw

RIN: 1545-AU77
_______________________________________________________________________




2620.  PRIVATE ACTIVITY RULES FOR OUTPUT FACILITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations providing special rules for output 
facilities to determine whether arrangements for purchases of output 
from an output facility cause bonds to meet the private business tests 
of section 141(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-252485-96

[[Page 22209]]

Drafting attorney: Nancy M. Lashnits (202) 622-7870.
Reviewing attorney: Michael G. Bailey (202) 622-3900.
Treasury attorney: Linda B. Schakel (202) 622-1339.
CC:DOM:FI&P:5

Agency Contact: Nancy M. Lashnits, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7870

RIN: 1545-AU80
_______________________________________________________________________




2621.  MARK TO MARKET FOR SECURITIES DEALERS; APPLICATION OF 
HELD FOR INVESTMENT EXEMPTION TO CONSOLIDATED GROUPS

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 475(e)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance on the application of the held for investment 
exemption from mark to market treatment in the consolidated group 
context.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-253307-96
Drafting attorney: Jo Lynn Ricks (202) 622-3411.
Reviewing attorney: Alan Munro & Mike Novey (202) 622-3920.
Treasury attorney: Clarissa Potter (202) 622-0999.
CC:DOM:FI&P

Agency Contact: JoLynn Ricks, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3411

RIN: 1545-AU87
_______________________________________________________________________




2622. 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                            12/00/97

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: Jeff Dorfman (202) 622-3870.
Treasury attorney: Patricia Brown (202) 622-1781.
CC:INTL

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
_______________________________________________________________________




2623. 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                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209060-86 (INTL-879-86)
Drafting attorney: Roger Bracken (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Completed in error in the October 1995 Unified Agenda.
CC:INTL

Agency Contact: Roger Bracken, 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
_______________________________________________________________________




2624.  REWARDS FOR INFORMATION RELATING TO VIOLATIONS OF 
INTERNAL REVENUE LAWS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Issuance of NPRM regulating to rewards for information that 
leads to detection and punishment of violations of civil and criminal 
Internal Revenue Laws; regulations to reflect changes to relevant law 
made by TBOR2.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-252936-96
Drafting attorney: Judith Lintz (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.
Treasury attorney: Chris Rizek (202) 622-1338.
CC:DOM:IT&A

Agency Contact: Judith A. Lintz, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AU85

[[Page 22210]]

_______________________________________________________________________




2625.  REWARDS FOR INFORMATION RELATING TO VIOLATIONS OF 
INTERNAL REVENUE LAWS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Issuance of temporary regulations relating to rewards for 
information that leads to detection and punishment of violations of 
civil and criminal Internal Revenue laws; regulations to reflect 
changes to relevant law made by TBOR2.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-252936-96
Drafting attorney: Judith Lintz (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.
Treasury attorney: Chris Rizek (202) 622-1338.
CC:DOM:IT&A

Agency Contact: Judith A. Lintz, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-AU88
_______________________________________________________________________




2626.  RESIDENCE OF TRUSTS AND ESTATES--7701

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These proposed regulations will provide guidance for the 
application of the terms ``domestic trust'' and ``foreign trust'' for 
federal tax purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-251703-96
Drafting attorney: James A. Quinn (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060
Treasury attorney: David Sutherland (202) 22-1754.
CC:DOM:P&SI

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-AU74
_______________________________________________________________________




2627. TECHNICAL CORRECTIONS FOR CHAPTER 14

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 25

Legal Deadline: None

Abstract: The regulation relates to the special valuation rules of the 
under sections 2701, 2702, 2703 and 2704 of the Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209611-93 (PS-8-93)
Drafting attorney: Dale Carlton (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Treasury attorney: Beth Kaufman (202) 622-1766.
CC:DOM:P&SI

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

RIN: 1545-AR49
_______________________________________________________________________




2628. TO ADD PROVISIONS RELATING TO START-UP EXPENDITURES

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 regulations will provide guidance to taxpayers electing 
to amortize start-up expenditures relating to the creation or 
acquisition of an active trade or business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209373-81 (PS-36-81)
Drafting attorney: David Selig (202) 622-3040.
Reviewing attorney: Walter Woo (202) 622-3040.
Treasury attorney: Paul Crispino (202) 622-0224.
CC:DOM:P&SI

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-AT71
_______________________________________________________________________




2629. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6034A

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/97
Final Action                    12/00/97

[[Page 22211]]

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209813-96 (PS-6-96)
Drafting attorney: Faith Colson (202) 622-3060.
Reviewing attorney: H. Grace Kim (202) 622-3060.
Treasury attorney: Paul Crispino (202) 622-0224.
CC:DOM:PS&I

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
_______________________________________________________________________




2630. 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

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-243025-96
Drafting paralegal: Catherine Fuller (202) 622-6080.
Reviewing attorney: Harry Beker (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
Fax: 202 622-3912

RIN: 1545-AU61
_______________________________________________________________________




2631.  CIVIL CAUSE OF ACTION FOR CERTAIN UNLAWFUL COLLECTION 
ACTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations raise the cap on damages under IRC 
7433 from $100,000 to $1,000,000 and provide that if a taxpayer fails 
to exhaust the administrative remedies available before the Internal 
Revenue Service, the court may reduce the award of damages.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-251502-96
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

RIN: 1545-AU68
_______________________________________________________________________




2632.  AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations reflect the amendment of IRC 6159 by 
section 202 of the Taxpayer Bill of Rights 2, which provides that upon 
request by a taxpayer the Secretary shall provide an independent review 
of the termination of an installment agreement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-100841-97
Drafting attorney: Kevin Connelly (202) 622-3640.
Reviewing attorney: Robert Miller (202) 622-3640.
CC:EL:GL

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

RIN: 1545-AU97
_______________________________________________________________________




2633.  RETURN OF PARTNERSHIP INCOME - SECTION 6031

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: Guidance concerning partnership returns, partnership 
statements, and nominee reporting.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209322-82
Drafting attorney: Martin Schaffer (202) 622-3080.
Reviewing attorney: William O'Shea (202) 622-3070.
Treasury attorney: John Rooney (202) 622-3115.
CC:DOM:P&SI

Agency Contact: Martin Schaffer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3080

RIN: 1545-AU99

[[Page 22212]]

_______________________________________________________________________




2634.  WITHDRAWAL OF NOTICE OF FEDERAL TAX LIEN

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Section 501 of the Taxpayer Bill of Rights 2 amends section 
6323 of the Internal Revenue Code to authorize the Secretary to 
withdraw a notice of federal tax lien in four enumerated circumstances. 
Section 501 also provides that upon written request by the taxpayer, 
the Secretary shall make reasonable efforts to notify any credit 
reporting agencies and any financial institution or creditor identified 
by the taxpayer of the withdrawal. The regulations set forth the 
circumstances in which the Secretary may withdraw a notice of lien and 
procedures for requesting the Secretary to notify creditors of the 
withdrawal.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-101519-97
Drafting attorney: Kevin Connelly (202) 622-3640.
Reviewing attorney: Robert Miller (202) 622-3640.
CC:EL:GL

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

RIN: 1545-AV00
_______________________________________________________________________




2635.  RETURN OF LEVIED PROPERTY IN CERTAIN CASES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Section 501(b) of the Taxpayer Bill of Rights 2 amends 
section 6343 of the Internal Revenue Code to authorize the Secretary to 
return levied upon property in four enumerated circumstances in which 
the Secretary may return property and implements section 501(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-101520-97
Drafting attorney: Kevin Connelly (202) 622-3640.
Reviewing attorney: Robert Miller (202) 622-3640.
CC:EL:GL

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

RIN: 1545-AV01
_______________________________________________________________________




2636.  DEPOSITS OF EXCISE TAXES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6302

CFR Citation:  26 CFR 40

Legal Deadline: None

Abstract: Amendment of 26 CFR 40.6302(c)-1 to limit availability of 
safe harbor based on look-back quarter liability in certain cases.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-102894-97
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-3130.
CC:DOM:P&SI

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

RIN: 1545-AV02
_______________________________________________________________________




2637.  DEPOSITS OF EXCISE TAXES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6302

CFR Citation:  26 CFR 40

Legal Deadline: None

Abstract: Amendment to 26 CFR 40.6302(c)-1 to limit availability of 
safe harbor based on look-back quarter liability in certain cases.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-102894-97
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-3130.
CC:DOM:P&SI

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

RIN: 1545-AV03
_______________________________________________________________________




2638. TAXPAYER ASSISTANCE ORDERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7811

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: This proposed regulation provides only the Commissioner, 
Deputy Commissioner or Taxpayer Advocate can modify or rescind a 
taxpayer assistance order under section 7811. A written explanation to 
the Taxpayer Advocate is required. The terms of a taxpayer assistance 
order have been expanded to allow the or ordering of any action 
permitted by law as well as requiring action with a specific period. 
The changes to the existing regulations are necessary because action 
7811 was modified by Taxpayer Bill of Rights 2 (TBOR), P.L. No. 104-
134.

[[Page 22213]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209808-96
Drafting attorney: Robert Miller (202) 622-3640.
CC:EL:GL

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
_______________________________________________________________________




2639.  FASIT-CONSOLIDATED GROUPS/TRANSITIONAL START-UP

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 860L; 26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These regulations will address issues concerning a 
consolidated group member's holding an ownership interest in a 
financial asset securitization investment trust (FASIT) and 
transitional and start-up rules relating to FASITs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/04/96                    61 FR 56648
ANPRM Comment Period End        12/31/96
NPRM                            12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-100276-97
Drafting attorney: David L. Meyer (202) 622-3960.
Reviewing attorney: Marshall Feiring (202) 622-3960.
Treasury attorney: Clarissa Potter (202) 622-0999.
CC:DOM:FI&P

Agency Contact: David L. Meyer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3960
Fax: 202 622-4451

RIN: 1545-AU94
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2640. 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 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                    12/00/97

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: Susan Reaman (202) 622-3040.
CC:DOM:P&SI

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
_______________________________________________________________________




2641. 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 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 (d) and (e) providing (1) a solicitation 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                    12/00/97

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) 622-4438.
CC:DOM:FI&P

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

[[Page 22214]]

_______________________________________________________________________




2642. 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                    12/00/97

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.
CC:INTL

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
_______________________________________________________________________




2643. 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                    12/00/97

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.
Treasury attorney: Annette Smith (202) 622-0868.
CC:DOM:IT&A

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
_______________________________________________________________________




2644. SUBSTANTIATION OF EXPENSES--RECEIPT THRESHOLD

Priority:  Substantive, Nonsignificant

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            04/00/97

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.
CC:DOM:IT&A

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
_______________________________________________________________________




2645. DEMOLITION OF STRUCTURES DEFINITIONS

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 280B

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations provides a definition of the term 
``Structure'' for purposes of section 280B of the Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/20/96                    61 FR 31473
NPRM Comment Period End         09/18/96
Final Action                    12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209641-93 (PS-39-93)
Drafting attorney: Bernard Harvey (202) 622-3110.
Reviewing attorney: Peter Friedman (202) 622-3110.
CC:DOM:PS&I

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

RIN: 1545-AR63
_______________________________________________________________________




2646. 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

[[Page 22215]]

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                            01/15/97                     62 FR 2064
NPRM Comment Period End         04/15/97
Hearing                         05/06/97                     62 FR 2064
Final Action                    12/00/97

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.
CC:DOM:CORP

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
_______________________________________________________________________




2647. 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                    12/00/97

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.
Treasury attorney: Phil West (202) 622-1762.
CC:INTL

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
_______________________________________________________________________




2648. 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                    12/00/97

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.
CC:INTL

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
_______________________________________________________________________




2649. 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: The final regulations will replace 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                    12/00/97

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.
CC:INTL

Agency Contact: Philip Tretiak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service,

[[Page 22216]]

1111 Constitution Avenue NW., Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AP81
_______________________________________________________________________




2650. 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: Regulations 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
Second NPRM                     01/22/97                     62 FR 3458
Final Action                    12/00/97

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.
CC:DOM:IT&A

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
_______________________________________________________________________




2651. SECTION 467 RENTAL AGREEMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 467; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/03/96                    61 FR 27834
NPRM Comment Period End         09/03/96
Hearing                         09/25/96                    61 FR 27834
Final Action                    12/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-209350-84 (IA-292-84)
Drafting attorney: Forest Boone (202) 622-4960.
Reviewing attorney: Steve Toomey (202) 622-4960.
Treasury attorney: Kevin Anderson (202) 622-1981.
CC:DOM:IT&A

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

RIN: 1545-AU11
_______________________________________________________________________




2652. MARK-TO-MARKET UPON DISPOSITION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 475

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: 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. Regulations also provide securities are to be marked to market 
upon disposition by a dealer and the exemption from marking to market 
in certain securitization transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/95                      60 FR 397
Final Action                    12/00/97

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.
CC:DOM:FI&P
Sections 1.475(a)-3 finalized in TD 8700. Sections 1.475(b)-4 finalized 
in TD 8700. Sections 1.475(c)-2 finalized in TD 8700.

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
_______________________________________________________________________




2653. 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                    12/00/97

Small Entities Affected: None

[[Page 22217]]

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.
Treasury attorney: Catherine Livingston (202) 622-1343.
CC:EBEO

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
_______________________________________________________________________




2654. SECTION 708 AND SECTION 704

Priority:  Substantive, Nonsignificant

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

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                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209812-96 (PS-5-96)
Drafting attorney: Steven R. Schneider (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.
CC:DOM:PS&I

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
_______________________________________________________________________




2655. DETERMINATION OF EARNED PREMIUMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 832

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations will address the treatment of certain items for 
purposes of determining gross written premiums and unearned 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                            01/02/97                       62 FR 72
Hearing                         04/30/97                       62 FR 72
Final Action                    12/00/97

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.
CC:DOM:FI&P

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
_______________________________________________________________________




2656.  CLASSIFICATION OF CERTAIN TRANSACTIONS INVOLVING COMPUTER 
PROGRAMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Tax treatment of certain transactions involving the transfer 
of computer programs. Regulations will provide rules for classifying 
such transactions as sales, licenses, leases, or the provision of 
services or of know-how under certain international provisions of the 
Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/13/96                    61 FR 58152
Hearing                         03/19/97                    61 FR 58152
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-251520-96
Drafting attorney: William H. Morris (202) 622-3880.
Drafting attorney: Carol P. Tello (202) 622-3880.
Reviewing attorney: Philip L. Garlett (202) 622-3880.
Treasury attorney: Bruce Cohen (202) 622-0871.
CC:INTL

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: 202 622-4408

RIN: 1545-AU70
_______________________________________________________________________




2657. 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: Regulations providing rules for the allocation and 
apportionment of interest expense and certain other expenses for 
purposes of the foreign tax credit rules and certain other 
international tax provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/12/91                    56 FR 10397
Hearing                         06/21/91                    56 FR 21640
Final Action                    12/00/97

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.

[[Page 22218]]


Treasury attorney: Stuart Leblang (202) 622-1779.
CC:INTL

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
_______________________________________________________________________




2658. ALLOCATION OF LOSS ON DISPOSITION OF STOCK

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0865

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/08/96                    61 FR 35696
NPRM Comment Period End         10/07/96
Final Action                    12/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-209750-95 (INTL-004-95)
Drafting attorney: Seth Goldstein (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Bruce Cohen (202) 622-0871.
CC:INTL

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

RIN: 1545-AT41
_______________________________________________________________________




2659. APPLICATION OF SECTION 904 TO INCOME SUBJECT TO SEPARATE 
LIMITATIONS AND SECTION 864(E) AFFILIATED GROUP EXPENSE ALLOCATION RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 904; 26 USC 864; 26 USC 954

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. The 
final regulations also amend final regulations under section 954.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/14/92                    57 FR 20660
Final Action                    12/00/97

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.
Treasury attorney: Mary Gillmarten (202) 622-0726.
CC:INTL

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
_______________________________________________________________________




2660. 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                    12/00/97

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.
CC:INTL

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
_______________________________________________________________________




2661. 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                            01/13/97                     62 FR 1700
NPRM Comment Period End         04/14/97
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

[[Page 22219]]

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.
CC:INTL

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
_______________________________________________________________________




2662. 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                    12/00/97

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.
CC:INTL

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
_______________________________________________________________________




2663. 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                    12/00/97

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.
CC:INTL

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
_______________________________________________________________________




2664. 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                            07/25/94                    59 FR 37733
Final Action                    12/00/97

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.
CC:INTL

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
_______________________________________________________________________




2665. 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-border 
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.

[[Page 22220]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/09/92                      57 FR 860
Final Action                    12/00/97

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: Paul Epstein (202) 622-3870.
Treasury attorney: Patricia A. Brown (202) 622-1781.
CC:INTL

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
_______________________________________________________________________




2666. 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: These 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
Hearing                         10/02/96                    61 FR 30845
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.
Treasury attorney: Rose Williams (202) 622-1788.
CC:DOM:CORP

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
_______________________________________________________________________




2667. 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
Hearing                         10/02/96                    61 FR 28821
Final Action                    12/00/97

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) 622-4930.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:IT&A

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
_______________________________________________________________________




2668. 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                            12/12/96                    61 FR 65371
NPRM Comment Period End         03/06/97
Hearing                         03/27/97                    61 FR 65371
Final Action                    12/00/97

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: Brian Blum (202) 622-3050.
Treasury attorney: John Rooney (202) 622-1335.
CC:DOM:P&SI

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
_______________________________________________________________________




2669. QEF SHAREHOLDER ELECTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1295

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to shareholder elections under 
section 1295.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/24/96                    61 FR 67752
NPRM Comment Period End         04/17/97
Hearing                         05/08/97                    61 FR 67752
Final Action                    12/00/97

[[Page 22221]]

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209040-88 (INTL-579-88)
Drafting attorney: Gayle Novig & Judith Cohen (202) 622-3880.
Reviewing attorney: Bettie Ricca (202) 622-3880.
Treasury attorney: Stuart Leblang (202) 622-0851.
CC:INTL

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
_______________________________________________________________________




2670. SECTION 1441 FINAL REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations under section 1441 and information reporting.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/22/96                    61 FR 17614
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-242282-96
Drafting attorney: Christine Halphen (202) 622-3810.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: Ann Fisher (202) 622-1775 &
Phil West (202) 622-1762.
CC:INTL These regulations were published in proposed format on April 
22, 1996 under INTl-62-90 (RIN 1545-AO27), INTL-32-93 (RIN 1545-
AR90),and INTL-52-94 (RIN 1545-AT00), and as a final regulations (TD 
8664) under INTL-52-86 (RIN 1545-AL99). The old INTL numbers, as well 
as their corresponding RIN numbers were closed in the previous agenda.

Agency Contact: Christine Halphen, Assistant Chief Counsel, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue 
NW., Washington, DC 20224
Phone: 202 622-3810
Fax: 202 622-4476

RIN: 1545-AU43
_______________________________________________________________________




2671. 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 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                    12/00/97

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.
CC:DOM:P&SI

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
_______________________________________________________________________




2672. FICA TAXATION OF CERTAIN DEFERRED COMPENSATION AND SALARY 
REDUCTION ARRANGEMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6302

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: Regulations would provide rules concerning the treatment of 
certain deferred compensation and salary reduction arrangements under 
section 3121 (v) and section 3306 (r) of the Internal Revenue Code of 
1954, thereby giving needed guidance to the public on how the Internal 
Revenue Service intends to interpret those sections of the Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/96                     61 FR 2194
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209484-87 (EE-142-87)
Reviewing attorney: Alan Tawshunsky (202) 622-6000.
Treasury attorney: William Bortz (202) 622-1352.
CC:EBEO

Agency Contact: Alan Tawshunsky, Special Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-6000

RIN: 1545-AF97
_______________________________________________________________________




2673. 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                    12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209807-95 (EE-55-95)
Reviewing attorney: Alan Tawshunsky (202) 622-6000.
Treasury attorney: William Bortz (202) 622-1352.
CC:EBEO

[[Page 22222]]



Agency Contact: Alan Tawshunsky, Special Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-6000

RIN: 1545-AT99
_______________________________________________________________________




2674. 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 permit 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
Final Action                    12/00/97

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: Maura Sullivan (202) 622-3203.
CC:DOM:IT&A

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
_______________________________________________________________________




2675. 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                    12/00/97

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.
CC:DOM:P&SI

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
_______________________________________________________________________




2676. DIESEL FUEL TAX - 1996 AMENDMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4082

CFR Citation:  26 CFR 48

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                            12/17/96                    61 FR 66246
Final Action                    12/00/97

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
_______________________________________________________________________




2677.  TIME FOR FILING FORM 4720 RETURN

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6071

CFR Citation:  26 CFR 53

Legal Deadline: None

Abstract: Amend 26 CFR 53.6071-1 to specify the filing dates for the 
form used by disqualified persons and organization managers liable for 
26 USC 4958 excise tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/97                       62 FR 84
Final Action                    12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-102548-97
Drafting Attorney: Phyllis Haney (202) 622-4290.
Reviewing Attorney: Paul Accettura (202) 622-6070.
Treasury Attorney: Catherine Livingston (202) 622-1343.
CC:EBEO The project number for this regulation has changed from REG-
247862-96 to REG-102548-97. There was only one project  for both a 
final reg. under 53.6011 & a temporary reg. under 53.6071 & an NPRM by 
x-ref to the temporary reg. The final & temp were together in TD 8705 
RIN 1545-AU65, and the NPRM by x-ref had RIN 1545-AU66. Because of the 
final reg under 6011, the original project number was closed as of 1/2/
97, the date of the publication of TD 8705 in the Federal Register. A 
new project number (REG-102548-97) was opened to finalize the temp & 
NPRM. RIN 1545-AU66 will be used for this final reg under 53.6071.

Agency Contact: Phyllis Haney, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4290

RIN: 1545-AU66

[[Page 22223]]

_______________________________________________________________________




2678. 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

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

Abstract: 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                    12/00/97

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.
CC:DOM:IT&A

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
_______________________________________________________________________




2679. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/12/96                    61 FR 58020
NPRM Comment Period End         02/04/97
Hearing                         02/25/97                    61 FR 58020
Final Action                    12/00/97

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-209792-95 (IA-42-95)
Drafting attorney: Nancy Romano (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.
CC:DOM:IT&A

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
_______________________________________________________________________




2680. TREATMENT OF OBLIGATION-SHIFTING TRANSACTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 7701

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: 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                            12/27/96                    61 FR 68175
NPRM Comment Period End         04/08/97
Hearing                         05/14/97                    61 FR 68175
Final Action                    12/00/97

Small Entities Affected: None

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.
CC:DOM:FI&P

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
_______________________________________________________________________




2681. DISCLAIMER OF INTERESTS AND POWER

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 25

Legal Deadline: None

Abstract: These regulations contain amendments regarding the disclaimer 
of jointly owned property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/14/96                    61 FR 43197
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-208216-91 (PS-2-91)
Drafting attorney: Dale Carlton (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Treasury attorney: Beth Kaufman (202) 622-1766.
CC:DOM:P&SI

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

RIN: 1545-AR52

[[Page 22224]]

_______________________________________________________________________




2682. ARBITRAGE RESTRICTION ON TAX-EXEMPT BONDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 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                    05/00/97

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Additional Information: REG-209687-94 (FI-7-94)
Drafting attorney: Brigitte Finley (202) 622-3980.
Reviewing attorney: Michael G. Bailey (202) 622-4438.
CC:DOM:FI&P

Agency Contact: Brigitte Finley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AS49
_______________________________________________________________________




2683. 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                    12/00/97

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: Mike Novey (202) 622-3900.
CC:DOM:FI&P

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
_______________________________________________________________________




2684. 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: Regulations under section 197 and section 167 relating to the 
amortization of goodwill and certain other intangibles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/24/94                    59 FR 32670
ANPRM Comment Period End        08/23/94
NPRM                            01/16/97                     62 FR 2336
Hearing                         05/15/97                     62 FR 2336
Final Action                    12/00/97

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.
CC:DOM:P&SI
Hearing 05/15/97

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

RIN: 1545-AS77
_______________________________________________________________________




2685. EFFECTIVE DATE OF TEMPORARY BACKUP WITHHOLDING REGULATIONS

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 31; 26 CFR 35

Legal Deadline: None

Abstract: To provide effective date for temporary regulations on backup 
withholding.

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

Additional Information: REG-209781-95 (IA-33-95)
Drafting attorney: Renay France (202) 622-4910.
Reviewing attorney: John Coulter (202) 622-4910.
Treasury attorney: Phil West (202) 622-1762.
CC:DOM:IT&A

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

RIN: 1545-AT77
_______________________________________________________________________




2686. 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 amends regulations relating to the filing 
requirements for information returns on

[[Page 22225]]

magnetic media or in other machine - readable form under 6011(e) of the 
Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/10/96                    61 FR 53161
Final Action                    12/00/97

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.
CC:DOM:IT&A

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
_______________________________________________________________________




2687. BOND PREMIUM AMORTIZATION

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

Legal Authority:  26 USC 7805; 26 USC 171

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/96                    61 FR 33396
NPRM Comment Period End         09/25/96
Hearing                         10/23/96                    61 FR 33396
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209798-95 (FI-48-95)
Drafting attorney: William Cejudo (202) 622-3970.
Reviewing attorney: William E. Blanchard (202) 622-3970.
Treasury attorney: Clarissa Potter (202) 622-0999.
CC:DOM:FI&P

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

RIN: 1545-AU09
_______________________________________________________________________




2688. DEFINITION OF LIMITED PARTNER FOR SELF-EMPLOYMENT TAX PURPOSES

Priority:  Substantive, Nonsignificant

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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/13/97                     62 FR 1702
Final Action                    12/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-209824-96 (PS-17-96)
Drafting attorney: Robert Honigman (202) 622-3050.
Reviewing attorney: Diana K. Miosi (202) 622-3050.
CC:DOM:P&SI
Hearing 05/21/97

Agency Contact: 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
_______________________________________________________________________




2689. 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 regulation changes 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/23/96                    61 FR 67510
NPRM Comment Period End         03/24/97
Hearing                         05/13/97                    61 FR 67510
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209828-96 (PS-21-96)
Drafting attorney: Peter Friedman (202) 622-3110.
Reviewing attorney: Charles Ramsey (202) 622-3110.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:P&SI

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
_______________________________________________________________________




2690. 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                            12/16/96                    61 FR 66000
NPRM Comment Period End         03/17/97
Hearing                         05/07/97                    61 FR 66000
Final Action                    12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

[[Page 22226]]

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

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
_______________________________________________________________________




2691. 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                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209837-96 (IA-29-96)
Drafting attorney: Robert Testoff (202) 622-7277.
Reviewing attorney: Eric Pleat (202) 622-4970.
Treasury attorney: Annette Smith (202) 622-0868.
CC:DOM:IT&A

Agency Contact: Robert Testoff, Senior Technician Reviewer, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue 
NW., Washington, DC 20224
Phone: 202 622-7277

RIN: 1545-AU42
_______________________________________________________________________




2692.  TAXPAYER BILL OF RIGHTS 2, MISCELLANEOUS PROVISIONS, 
PROPOSED REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The regulations implement minor changes made by the Taxpayer 
Bill of Rights 2 (TBOR2) to miscellaneous sections of the Code. The 
regulations amend existing regulations under code sections 6013, 6344, 
6601, 6651, 6656, 7122 and 7430.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/97                       62 FR 77
Final Action                    12/00/97

Small Entities Affected: Businesses

Government Levels Affected: Federal

Additional Information: REG-248770-96
Drafting attorney: Beverly A. Baughman (202) 622-4940.
Reviewing attorney: Rochelle Hodes (202) 622-4910.
Treasury attorney: Chris Rizek (202) 622-1338.
CC:DOM:IT&A

Agency Contact: Beverly A. Baughman, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 202224
Phone: 202 622-4940

RIN: 1545-AU64
_______________________________________________________________________




2693.  TREATMENT OF WARRANTS AS SECURITIES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations would reverse existing final regulations 
and generally permit stock rights and stock warrants to be received 
without the recognition of gain or loss in connection with certain 
reorganizations and stock distributions qualifying under sections 368 
or 355 of the Internal Revenue Code of 1986.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/23/96                    61 FR 67508
NPRM Comment Period End         03/25/97
Hearing                         03/25/97                    61 FR 67508
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-249819-96
Drafting attorney: Michael Danbury (202) 622-7750.
Reviewing attorney: David P. Madden (202) 622-7550.
Treasury attorney: Seth M. Green (202) 622-1788.
CC:DOM:CORP

Agency Contact: Michael Danbury, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7750

RIN: 1545-AU67
_______________________________________________________________________




2694.  TAX ATTRIBUTE REDUCTION

Priority:  Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 108; 26 USC 1017

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations provide ordering rules for the 
reduction of bases of property under sections 108 and 1017 of the 
Internal Revenue Code of 1986. The regulations will affect certain 
taxpayers that exclude discharge of indebtedness from gross income 
under section 108.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/07/97                      62 FR 955
Hearing                         04/24/97                      62 FR 955
Final Action                    12/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Analysis: Regulatory Flexibility Analysis

Additional Information: REG-208172-91
Drafting attorney: Leo F. Nolan II (202) 622-4960.
Reviewing attorney: Donald A. Barnes (202) 622-4970.

[[Page 22227]]


Reviewing attorney: Linda Kroening (202) 622-8248.
Treasury attorney: Seth Green (202) 622-0865.
CC:DOM:IT&A

Agency Contact: Leo F. Nolan II, 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-AU71
_______________________________________________________________________




2695.  CONTINUITY OF INTEREST REQUIREMENT IN CORPORATE 
REORGANIZATIONS

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: These regulations provide that former target corporation 
shareholders who receive acquiring corporation stock in a tax free 
reorganization may, in general, sell that stock to third parties 
without violating the continuity of interest requirement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/23/96                    61 FR 67512
Hearing                         05/07/97                    61 FR 67512
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-252231-96
Drafting attorney: Phoebe Bennett (202) 622-7750.
Reviewing attorney: Nelson F. Crouch (202) 622-7750.
Treasury attorney: Rose Williams (202) 622-1788.
CC:DOM:CORP

Agency Contact: Phoebe Bennett, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7750

RIN: 1545-AU72
_______________________________________________________________________




2696.  TARGET ASSET AND STOCK DROPS FOLLOWING REORGANIZATION

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 2

Legal Deadline: None

Abstract: The regulation accords greater latitude to certain tax free 
corporate reorganizations. Under prescribed conditions, the proposed 
regulation allows the acquiring corporation to transfer acquired assets 
to partnerships and successively transfer acquired assets or stock to 
subsidiaries without violating the requirements of continuity of 
proprietary interest and continuity of business enterprise.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/03/97                      62 FR 361
Interim Final Rule              12/00/97
Final Action                    12/00/97

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-252233-96
Drafting attorney: Marlene Peake Oppenheim (202) 622-7750.
Reviewing attorney: Nelson F. Crouch (202) 622-7740.
Treasury attorney: Rose Williams (202) 622-1788.
CC:DOM:CORP
Hearing 05/07/97

Agency Contact: Marlene Peake Oppenheim, Attorney-Advisor, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue 
NW., Washington, DC 20224
Phone: 202 622-7750

RIN: 1545-AU73
_______________________________________________________________________




2697.  SECTION 42(D)(5) FEDERAL GRANTS

Priority:  Substantive, Nonsignificant

Unfunded Mandates: This action may affect State, local or tribal 
governments and the private sector.

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations describes the effect that section 42(d)(5) 
has on certain rental assistance payments made under section 
42(g)(2)(B)(i).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/27/97                     62 FR 3848
Final Action                    12/00/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-254394-96
Drafting attorney: Christopher J. Wilson (202) 622-3040.
Reviewing attorney: Susan Reaman (202) 622-3040.
Treasury attorney: Linda Schakel (202) 622-1339.
CC:DOM:P&SI

Agency Contact: Christopher J. Wilson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3040

RIN: 1545-AU92
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2698. 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

[[Page 22228]]

_______________________________________________________________________




2699. SECTION 59(E); ELECTION FOR QUALIFIED COSTS

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: Brenda M. Stewart
Phone: 202 622-3120

RIN: 1545-AU40
_______________________________________________________________________




2700. 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
_______________________________________________________________________




2701. THE TREATMENT OF ACCELERATED DEATH BENEFITS UNDER SECTIONS 101, 
7702 AND 7702A OF THE INTERNAL REVENUE CODE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

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


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ann H. Logan
Phone: 202 622-3970
Fax: 202 622-4451

RIN: 1545-AQ70
_______________________________________________________________________




2702. PERSONAL INJURY DAMAGES

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: Sheldon Iskow
Phone: 202 622-4920

RIN: 1545-AT29
_______________________________________________________________________




2703. 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
_______________________________________________________________________




2704. 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
_______________________________________________________________________




2705. EARNINGS STRIPPING PAYMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/18/91                    56 FR 27907
Hearing                         09/25/91                    56 FR 27927


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Jacob Feldman
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AO24
_______________________________________________________________________




2706. CHANGES IN USE UNDER SECTION 168(I)(5)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Kathleen Reed
Phone: 202 622-3110

RIN: 1545-AJ38
_______________________________________________________________________




2707. DETERMINATION OF SECTION 30 CREDIT AND SECTION 179A DEDUCTION

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/09/93                    58 FR 32317


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Winston Douglas
Phone: 202 622-3110

RIN: 1545-AR66
_______________________________________________________________________




2708. FOREIGN TAXPAYERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeffery G. Mitchell
Phone: 202 622-4970

RIN: 1545-AQ93

[[Page 22229]]

_______________________________________________________________________




2709. RULES FOR TREATMENT OF FOREIGN CORPORATION WHOSE STOCK IS STAPLED 
TO THE STOCK OF A DOMESTIC CORPORATION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AN20
_______________________________________________________________________




2710. 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
_______________________________________________________________________




2711. 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
_______________________________________________________________________




2712. 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: Brendan O'Hara
Phone: 202 622-7530

RIN: 1545-AF29
_______________________________________________________________________




2713. 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
_______________________________________________________________________




2714. TREATMENT OF SECTION 355 DISTRIBUTION BY US CORPORATIONS TO 
FOREIGN PERSONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/14/96                    61 FR 42217


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AU22
_______________________________________________________________________




2715. CARRYOVERS OF METHODS OF ACCOUNTING

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: Grant Gabriel
Phone: 202 622-4970

RIN: 1545-AT38
_______________________________________________________________________




2716. REGULATIONS UNDER SECTION 382

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

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

Agency Contact: Diana Fulton
Phone: 202 622-7550

RIN: 1545-AU33
_______________________________________________________________________




2717. NONDISCRIMINATION AND OTHER RULES APPLICABLE TO SECTION 403(B) 
ANNUITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Nancy Marks
Phone: 202 622-6000

RIN: 1545-AI90
_______________________________________________________________________




2718. INCOME TAX--DEDUCTION FOR CERTAIN FOREIGN DEFERRED COMPENSATION 
PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/07/93                    58 FR 27219
NPRM Comment Period End         05/07/93


Next Action Undetermined

[[Page 22230]]

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robin Ehrenberg
Phone: 202 622-6080

RIN: 1545-AD81
_______________________________________________________________________




2719. 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


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AT82
_______________________________________________________________________




2720. REVISING THE DEFINITION OF THE FULL FUNDING LIMITATION FOR 
PURPOSES OF THE MINIMUM FUNDING REQUIREMENT FOR PENSION PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Linda Marshall
Phone: 202 622-6030

RIN: 1545-AL53
_______________________________________________________________________




2721. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

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


Next Action Undetermined

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: State, Local

Agency Contact: Patricia McDermott
Phone: 202 622-6030

RIN: 1545-AQ74
_______________________________________________________________________




2722. VALUATION OF PLAN DISTRIBUTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

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


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Linda Marshall
Phone: 202 622-6030

RIN: 1545-AT27
_______________________________________________________________________




2723. 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
_______________________________________________________________________




2724. HYBRID INSTRUMENTS

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

RIN: 1545-AR13
_______________________________________________________________________




2725. 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
_______________________________________________________________________




2726. 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
_______________________________________________________________________




2727. 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
_______________________________________________________________________




2728. LIMITATIONS ON PASSIVE ACTIVITY LOSSES AND CREDITS--SELF-CHARGED 
ITEMS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/05/91                    56 FR 14034

[[Page 22231]]

Hearing                         09/06/91                    56 FR 14040


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Ann Veninga
Phone: 202 622-3080
Fax: 202 622-4524

RIN: 1545-AN64
_______________________________________________________________________




2729. 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
_______________________________________________________________________




2730. DEFINITION OF AN ITEM FOR LIFO

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: Grant Gabriel
Phone: 202 622-4970

RIN: 1545-AT39
_______________________________________________________________________




2731. INTERCOMPANY TRANSFER PRICING FOR SERVICES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AR32
_______________________________________________________________________




2732.  INBOUND GRANTOR TRUSTS WITH FOREIGN GRANTORS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 672

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations will provide rules under IRC section 
672(f), as amended by the Small Business Job Protection Act of 1996, 
for determining when the grantor trust rules shall not be applied to 
treat foreign persons as the owners of foreign trusts that have U.S. 
beneficiaries.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-252487-96
Drafting attorney: Grace Fleeman (202) 622-3850.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: David Sutherland (202) 622-1754.
CC:INTL

Agency Contact: Grace Fleeman, 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-AU90
_______________________________________________________________________




2733. INCOME TAXATION OF TRUSTS AND ESTATES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James Quinn
Phone: 202 622-3060
Fax: 202 622-4513

RIN: 1545-AJ20
_______________________________________________________________________




2734. FOREIGN GRANTOR TRUSTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Willard Yates
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AO75
_______________________________________________________________________




2735. 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: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AT31
_______________________________________________________________________




2736. TREATMENT OF MODIFIED GUARANTEED CONTRACTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gary Geisler
Phone: 202 622-3970

RIN: 1545-AU58
_______________________________________________________________________




2737. FOREIGN INSURANCE COMPANIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AL82
_______________________________________________________________________




2738. REMIC REGULATIONS

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

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

[[Page 22232]]

Government Levels Affected: None

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

RIN: 1545-AR88
_______________________________________________________________________




2739. 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


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AP73
_______________________________________________________________________




2740. FRINGE BENEFIT SOURCING UNDER SECTION 861

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Philip Garlett
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AO72
_______________________________________________________________________




2741. CHARITABLE CONTRIBUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/12/91                    56 FR 10395
Hearing                         08/01/91                    56 FR 23823


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AP30
_______________________________________________________________________




2742. TRANSPORTATION INCOME SOURCE RULES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AJ68
_______________________________________________________________________




2743. SOURCING RULE APPLICABLE TO CERTAIN INSURANCE INCOME

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AQ37
_______________________________________________________________________




2744. TREATMENT OF RELATED PERSON FACTORING INCOME; CERTAIN INVESTMENTS 
IN UNITED STATES PROPERTY; AND STOCK REDEMPTIONS THROUGH RELATED 
CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

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


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Jeffrey L. Vinnik
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AH85
_______________________________________________________________________




2745. TREATMENT OF DEFERRED PAYMENTS AND APPRECIATION ARISING OUT OF 
BUSINESS CONDUCTED WITHIN THE UNITED STATES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AM53
_______________________________________________________________________




2746. TIERED PARTNERSHIP RULES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ramon Camacho
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AO26
_______________________________________________________________________




2747. SOURCE RULES FOR PERSONAL PROPERTY SALES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AJ83
_______________________________________________________________________




2748. PROPOSED REGULATION UNDER SECTION 882 AND 884

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AT96
_______________________________________________________________________




2749. PROPOSED REGULATIONS UNDER SECTION 1.884-3

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

[[Page 22233]]

Agency Contact: Sharon Bomgardner
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AQ72
_______________________________________________________________________




2750. REGULATIONS UNDER SECTION 1.884-2

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sharon Bomgardner
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AQ73
_______________________________________________________________________




2751. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/88                    53 FR 24100
NPRM Comment Period End         08/26/88


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David A. Juster
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AL93
_______________________________________________________________________




2752. FIRPTA CLEANUP

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AJ72
_______________________________________________________________________




2753. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS 
UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/88                    53 FR 16233
Hearing                         03/01/89                     54 FR 1189


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Leslie A. Cracraft
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AK79
_______________________________________________________________________




2754. INCOME TAX--PARTNERSHIP RULES REGARDING TAXATION OF FOREIGN 
INVESTMENT IN UNITED STATES REAL PROPERTY INTERESTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Lorence
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AL77
_______________________________________________________________________




2755. CONFORMING TAXABLE YEARS OF CFCS AND FPHCS: 1989 CHANGE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/05/93                      58 FR 290


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael E. Hara
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AO22
_______________________________________________________________________




2756. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Willard W. Yates
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AM11
_______________________________________________________________________




2757. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED, 
DEDUCTION, AND OTHER SPECIAL RULES FOR FSC

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/03/87                     52 FR 6467
NPRM Comment Period End         05/02/87


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Richard L. Chewning
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AI16
_______________________________________________________________________




2758. EXCLUSION OF POSSESSION SOURCE INCOME FROM GROSS INCOME OF CERTAIN 
INDIVIDUALS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AS42
_______________________________________________________________________




2759. COORDINATION OF U.S. AND VIRGIN ISLANDS INCOME TAXES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AS41

[[Page 22234]]

_______________________________________________________________________




2760. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT 
INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/86                     51 FR 2726


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: W. Edward Williams
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AC10
_______________________________________________________________________




2761. CBI INVESTMENTS OF SECTION 936 FUNDS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/13/91                    56 FR 21963
Hearing                         07/12/91                    56 FR 21963


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: W. Edward Williams
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AM91
_______________________________________________________________________




2762. SUBPART F--USE OF DEFICITS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Valerie A. Mark
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AJ71
_______________________________________________________________________




2763. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Valerie A. Mark
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AO25
_______________________________________________________________________




2764. SUBPART F SHIPPING AMENDMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Valerie A. Mark
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AM46
_______________________________________________________________________




2765.  APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations would provide attribution rules for 
foreign trusts with respect to foreign personal holding companies, 
foreign passive investment companies and controlled foreign 
corporations.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-252774-96
Drafting attorney: Elizabeth G. Beck (202) 622-3840.
Reviewing attorney: Phyllis Marcus (202) 622-3840.
Treasury attorney: David Sutherland (202) 622-1754.
CC:INTL

Agency Contact: Elizabeth G. Beck, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4408

RIN: 1545-AU91
_______________________________________________________________________




2766. DEEMED-PAID CREDIT UNDER SECTION 960, DETERMINED ON ACCUMULATED 
BASIS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Caren S. Shein
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AQ34
_______________________________________________________________________




2767. COORDINATION OF PRE-1987 DEEMED PAID TAXES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Irwin Halpern
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AT85
_______________________________________________________________________




2768. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/90                     55 FR 2535


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: M. Grace Fleeman
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AM90
_______________________________________________________________________




2769. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/92                    57 FR 29246


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

[[Page 22235]]

Agency Contact: M. Grace Fleeman
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AQ55
_______________________________________________________________________




2770. DETERMINATION OF FOREIGN TAXES AND FOREIGN CORPORATIONS' EARNINGS 
AND PROFITS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jacob Feldman
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AN37
_______________________________________________________________________




2771. COMPUTATION OF A BRANCH'S TAXABLE INCOME; TAXATION OF EXCHANGE 
GAIN OR LOSS ON BRANCH REMITTANCES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/91                    56 FR 48457


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AM12
_______________________________________________________________________




2772. MARK-TO-MARKET METHOD OF ACCOUNTING UNDER SECTION 988

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/17/92                     57 FR 9217


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Ramon Camacho
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AP78
_______________________________________________________________________




2773. INCOME TAX--TAX REFORM ACT OF 1984 RELATING TO INTEREST CHARGE 
DISCS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/02/87                     52 FR 3256


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David Bergkuist
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AG71
_______________________________________________________________________




2774. 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: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Susie Bird
Phone: 202 622-4960

RIN: 1545-AT24
_______________________________________________________________________




2775. AMENDMENT OF REGULATIONS UNDER IRC SECTION 1059A

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: W. Edward Williams
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AS89
_______________________________________________________________________




2776. SECTION 1248 - GAIN FROM SALE OR EXCHANGE OF STOCK IN FOREIGN 
CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AC31
_______________________________________________________________________




2777. GAINS FROM CERTAIN SALES OR EXCHANGES IN CERTAIN FOREIGN 
CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David F. Bergkuist
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AL89
_______________________________________________________________________




2778. INFLATION-INDEXED SECURITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/06/97                      62 FR 694


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William Blanchard
Phone: 202 622-3950

RIN: 1545-AU45
_______________________________________________________________________




2779. 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.

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: William Cejudo
Phone: 202 622-3920
Fax: 202 622-4425

RIN: 1545-AH82

[[Page 22236]]

_______________________________________________________________________




2780. PASSIVE FOREIGN INVESTMENT COMPANIES--SPECIAL RULES FOR FOREIGN 
BANKS AND SECURITIES DEALERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/28/95                    60 FR 20922
Hearing                         09/11/95                    60 FR 39902


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: William H. Morris
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AS46
_______________________________________________________________________




2781.  ELECTING SMALL BUSINESS TRUST

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 7805; 26 USC 1361

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation provides necessary guidance for defining and 
treating electing small business trusts which are now eligible 
shareholders of S corporation stock as provided by the Small Business 
Job Protection Act of 1996.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-251701-96
Drafting attorney: Steven R. Schneider (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.
Treasury attorney: John Rooney (202) 622-1335.
CC:DOM:PS&I

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-AU76
_______________________________________________________________________




2782.  S CORPORATION BANKS SECTION 1362

Priority:  Other Significant. 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: Application of passive investment income limitation of 
Section 1.1362(d)(3)(D) to S corporation banks.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-251700-96
Drafting attorney: Martin Schaffer (202) 622-3080.
Reviewing attorney: Donna M. Young (202) 622-3070.
Treasury attorney: John Rooney (202) 622-1335.
CC:DOM:P&SI

Agency Contact: Martin Schaffer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3080

RIN: 1545-AU75
_______________________________________________________________________




2783.  DEFINITION OF ``PRIVATE ACTIVITY BONDS''

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 141; 26 USC 142; 26 USC 145; 26 
USC 148; 26 USC 150

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation provides a definition of the term ``private 
activity bond''.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/94                    59 FR 67658
NPRM Comment Period End         05/01/95


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal, Federal

Additional Information: REG-101563-97
Drafting attorney: Loretta J. Finger (202) 622-3980.
Reviewing attorney: Michael Bailey (202) 622-4438.
Treasury attorney: Linda Schakel (202) 622-1339.
CC:DOM:FI&P

Agency Contact: Loretta J. Finger, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU98
_______________________________________________________________________




2784. TEMPORARY REGULATION ON WITHHOLDING TAX ON PAYMENTS FROM 
PARTNERSHIPS TO FOREIGN PARTNERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Ronald Gootzeit
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AL32
_______________________________________________________________________




2785. REGULATIONS UNDER SECTIONS 1491, 1492, AND 1494

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

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

RIN: 1545-AN39
_______________________________________________________________________




2786. CONSOLIDATED ALTERNATIVE MINIMUM TAX

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

[[Page 22237]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/92                    57 FR 62251
NPRM Comment Period End         03/01/93


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Martin Scully
Phone: 202 622-4960

RIN: 1545-AN73
_______________________________________________________________________




2787. SECTION 1.1502-47 REGULATIONS--SUPPLEMENTAL

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AR89
_______________________________________________________________________




2788. CONSOLIDATED RETURNS--LIMITATIONS ON THE USE OF CERTAIN LOSSES, 
DEDUCTIONS, AND CREDITS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

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

Agency Contact: Diana Fulton
Phone: 202 622-7550

RIN: 1545-AU31
_______________________________________________________________________




2789. REGULATIONS UNDER SECTION 1502

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

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

Agency Contact: Diana Fulton
Phone: 202 622-7550

RIN: 1545-AU32
_______________________________________________________________________




2790. APPLICATIONS OF SECTION 1503(D) TO PARTNERSHIPS AND OTHER ITEMS

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: Joan M. Thomsen
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AR26
_______________________________________________________________________




2791. INCOME TAX--INCLUDIBILITY IN AN AFFILIATED GROUP OF SUBSIDIARIES 
FORMED TO COMPLY WITH FOREIGN LAWS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AC58
_______________________________________________________________________




2792. ESTATE TAX-VALUATION OF CERTAIN FARM, ETC., REAL PROPERTY

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: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Deborah Ryan
Phone: 202 622-3090
Fax: 202 622-4524

RIN: 1545-AT66
_______________________________________________________________________




2793. 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
_______________________________________________________________________




2794. 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
_______________________________________________________________________




2795. SITUS OF PARTNERSHIP INTERESTS HELD BY A NONRESIDENT ALIEN FOR 
ESTATE TAX PURPOSES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 20

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Leslie A. Cracraft
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AP07
_______________________________________________________________________




2796. GST REVISION

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

[[Page 22238]]

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

Agency Contact: James Hogan
Phone: 202 622-3090
Fax: 202 622-4524

RIN: 1545-AU26
_______________________________________________________________________




2797. EXCEPTION FROM SUPPLEMENTAL TAX

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Linda Marshall
Phone: 202 622-6030

RIN: 1545-AT56
_______________________________________________________________________




2798. 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
_______________________________________________________________________




2799. RETAIL EXCISE TAXES ON CERTAIN LUXURY ITEMS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

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


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Edward Madden
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AP24
_______________________________________________________________________




2800. LUXURY EXCISE TAX CHANGES UNDER OBRA 1993

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Agency Contact: Edward Madden
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AS34
_______________________________________________________________________




2801. APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUST

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/27/96                    61 FR 50778
NPRM Comment Period End         12/26/96
Hearing                         01/15/97                    61 FR 50778


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James A. Quinn
Phone: 202 622-3060
Fax: 202 622-4513

RIN: 1545-AU29
_______________________________________________________________________




2802. EXCISE TAX ON AVIATION FUEL

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Timetable: Next Action Undetermined

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
_______________________________________________________________________




2803.  COMMUNICATIONS TAX ISSUES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  26 USC 7805; 26 USC 4251

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Taxability of Certain Services; Liability for Tax

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-253134-96
Drafting attorney: Bernard H. Weberman (202) 622-3163.
Reviewing attorney: Richard A. Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:PS&I

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

RIN: 1545-AU86
_______________________________________________________________________




2804. TAX ON PETROLEUM

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 52

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/25/93                    58 FR 21963
Hearing                         03/03/94                     59 FR 5161


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-AJ23

[[Page 22239]]

_______________________________________________________________________




2805. 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
_______________________________________________________________________




2806.  SUBCHAPTER S ITEMS

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 6037

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulation will prescribe which items of an S corporation 
are more appropriately determined at the corporation level than at the 
shareholder level for purposes of subtitle F (Procedure and 
Administration).

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Federal

Additional Information: REG-251705-96
Drafting attorney: Robert Honigman (202) 622-3050.
Reviewing attorney: Dianna K. Miosi (202) 622-3050.
Treasury attorney: John Rooney (202) 622-1335.
CC:DOM:P&SI

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

RIN: 1545-AU78
_______________________________________________________________________




2807. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/24/92                    57 FR 61373


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Ricardo A. Cadenas
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AJ93
_______________________________________________________________________




2808. SECTION 6048 REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Leslie Cracraft
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AR25
_______________________________________________________________________




2809. VOICE SIGNATURES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/13/93                     58 FR 4125


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Beverly A. Baughman
Phone: 202 622-4940

RIN: 1545-AQ68
_______________________________________________________________________




2810. 6114 REPORTING REQUIREMENTS WAIVED

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301; 26 CFR 602

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/27/92                    57 FR 15272
NPRM Comment Period End         06/26/92


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: David A. Juster
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AP35
_______________________________________________________________________




2811. INTEREST-FREE ADJUSTMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/10/92                    57 FR 58423
NPRM Comment Period End         02/08/93


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AQ61
_______________________________________________________________________




2812. 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
_______________________________________________________________________




2813. EXPANSION OF FORM 945

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1; 26 CFR 31

Timetable: Next Action Undetermined

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Tribal, Federal

Agency Contact: Vincent Surabian
Phone: 202 622-4940

RIN: 1545-AU51

[[Page 22240]]

_______________________________________________________________________




2814. 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
_______________________________________________________________________




2815. SPECIAL RULES FOR S CORPS UNDER 301.7701(B)-7

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301; 26 CFR 602

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/27/92                    57 FR 15272
NPRM Comment Period End         06/26/92


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David A. Juster
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AS88
_______________________________________________________________________




2816. EXTENSION OF STATUTE OF LIMITATIONS IN JOHN DOE SUMMONS DISPUTES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AM67
_______________________________________________________________________




2817. SUSPENSION OF RUNNING OF PERIOD OF LIMITATIONS DURING PROCEEDING 
TO ENFORCE DESIGNATED SUMMONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AQ01
_______________________________________________________________________




2818. REISSUANCE OF QUALIFIED TENDER BONDS

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: State, Local, Tribal

Agency Contact: Nancy M. Lashnits
Phone: 202 622-3980

RIN: 1545-AT09
_______________________________________________________________________




2819. REISSUANCE OF QUALIFIED TENDER BONDS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Agency Contact: Nancy M. Lashnits
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AT10
_______________________________________________________________________




2820. GUIDANCE FOR AIR CARGO CARRIERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 49

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AT30
_______________________________________________________________________




2821. 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
_______________________________________________________________________




2822. STRADDLES - MISCELLANEOUS ISSUES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/02/95                    60 FR 21482


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Williams
Phone: 202 622-3960
Fax: 202 622-4425

RIN: 1545-AT46
_______________________________________________________________________




2823. 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
_______________________________________________________________________




2824. 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

[[Page 22241]]

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

RIN: 1545-AT52
_______________________________________________________________________




2825. EXCISE TAX ON HEAVY TRUCKS, TRUCK TRAILERS AND SEMITRAILERS, AND 
TRACTORS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Edward Madden
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AT63
_______________________________________________________________________




2826. 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
_______________________________________________________________________




2827. 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
_______________________________________________________________________




2828. ERISA SEC. 204(H) NOTICE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/15/95                    60 FR 64401


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Betty Clary
Phone: 202 622-6070

RIN: 1545-AT78
_______________________________________________________________________




2829. 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
_______________________________________________________________________




2830. MODIFICATION OF BAD DEBTS AND DEALER ASSIGNMENTS OF NOTIONAL 
PRINCIPAL CONTRACTS

Priority:  Substantive, Nonsignificant

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

Government Levels Affected: None

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

RIN: 1545-AU06
_______________________________________________________________________




2831. NONRESIDENT ALIEN SHAREHOLDER; S CORPORATION STOCK

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: 202 622-4513

RIN: 1545-AU18
_______________________________________________________________________




2832. ESTATE AND GIFT TAX REGULATION

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 20

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/18/97                     62 FR 7188


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Susan Hurwitz
Phone: 202 622-3090

RIN: 1545-AU27
_______________________________________________________________________




2833. RELIEF FROM DISQUALIFICATION FOR PLANS ACCEPTING ROLLOVERS

Priority:  Substantive, Nonsignificant

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/19/96                    61 FR 49279
NPRM Comment Period End         12/18/96


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marjorie Hoffman
Phone: 202 622-6030

RIN: 1545-AU46

[[Page 22242]]

_______________________________________________________________________




2834. RECOMPUTATION OF LIFE INSURANCE RESERVES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/97                       61 FR 71
Hearing                         04/17/97                       62 FR 71


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Ann Cammack
Phone: 202 622-3970
Fax: 202 622-4451

RIN: 1545-AU49
_______________________________________________________________________




2835. PAYMENT FROM THE PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT

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

CFR Citation:  26 CFR 702

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Paul E. Tellier
Phone: 202 622-4930

RIN: 1545-AU57
_______________________________________________________________________




2836.  DISCLOSURE OF CERTAIN RETURNS AND RETURN INFORMATION BY 
OTHER FEDERAL AGENCIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6103

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These proposed regulations relate to the disclosure of 
certain returns and return information by Federal agencies other than 
the Service. The amendments would permit the Service to authorize other 
Federal agencies to which returns and return information have been 
disclosed to further disclose such returns and return information to 
other authorized recipients with the Commissioner's authorization.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-251725-96
Drafting attorney: Julie Schwartz (202) 622-4570.
Reviewing attorney: Joseph J. Urban (202) 622-4570.
Treasury attorney: Chris Rizek (202) 622-1338.
CC:EL:DL

Agency Contact: Julie C. Schwartz, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4570
Fax: 202 622-9888

RIN: 1545-AU83
_______________________________________________________________________




2837.  DISCLOSURE OF CERTAIN RETURNS AND RETURN INFORMATION BY 
OTHER FEDERAL AGENCIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6103

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These temporary regulations relate to the disclosure of 
certain returns and return information by Federal agencies other than 
the Service. The amendments would permit the Service to authorize other 
Federal agencies to which returns and return information have been 
disclosed to further disclose such return information to other 
authorized recipients with the Commissioner's authorization.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-251725-96
Drafting attorney: Julie Schwartz (202) 622-4570.
Reviewing attorney: Joseph J. Urban (202) 622-4570.
Treasury attorney: Chris Rizek (202) 622-1338.
CC:EL:DL

Agency Contact: Julie Schwartz, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4570

RIN: 1545-AU84
_______________________________________________________________________




2838.  SPECIAL RULES APPLICABLE TO SALES OF DEBT INSTRUMENT 
BETWEEN RECORD DATES AND THE END OF ACCRUAL PERIODS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provides rules to calculate allocation of interest and amount 
of sale price when debt instrument is sold between a record date and a 
payment date (so that seller receives first distribution of interest 
and principal following sale).

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-242919-96
Drafting attorney: Kenneth Christman (202) 622-3950.
Reviewing attorney: Marshall Feiring (202) 622-3960.
Treasury attorney: Clarissa Potter (202) 622-0999.
CC:DOM:FI&P

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

RIN: 1545-AU95
_______________________________________________________________________




2839.  LEGENDING OF REMIC CERTIFICATES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6049

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Rescind requirements that issuers of REMICs and 
Collateralized Debt Obligations provide certain information related to 
accrual of original issue discount on face of certificate; possibly 
will require information to be provided by other means.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-100905-97
Drafting attorney: Kenneth Christman (202) 622-3950.

[[Page 22243]]


Reviewing attorney: Marshall Feiring (202) 622-3960.
Treasury attorney: Clarissa Potter (202) 622-0999.
CC:DOM:FI&P

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

RIN: 1545-AU96
_______________________________________________________________________




2840. 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
_______________________________________________________________________




2841.  GROUP HEALTH PLAN PORTABILITY, ACCESS, AND RENEWABILITY 
REQUIREMENTS

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

Legal Authority:  26 USC 7805; 26 USC 4980D; 26 USC 9806

CFR Citation:  26 CFR 54

Legal Deadline:  Other, Statutory, April 1, 1997.
P.L. 104-191 requires that regulations be issued by April 1, 1997 
However, the statute does not specify whether proposed regulations 
satisfy this requirement.

Abstract: The regulations provide guidance for group health plans and 
the employers maintaining them regarding requirements imposed on plans 
relating to preexisting condition exclusions, discrimination based on 
health status, and access to coverage.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-253578-96
Drafting attorney: Russell Weinheimer (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.
Treasury attorney: Bill Bortz (202) 622-1352.
Treasury attorney: Mark hamelburg (202) 622-1341.
CC:EBEO

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

RIN: 1545-AV05
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2842. REISSUANCE OF MORTGAGE CREDIT CERTIFICATES (CROSS-REFERENCE TO 
TEMPORARY REGULATIONS)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8692            12/17/96                    61 FR 66212
Final Action Effective          12/17/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: L. Michael Wachtel
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AR76
_______________________________________________________________________




2843. SELF-EMPLOYMENT TAX TREATMENT OF MEMBERS OF CERTAIN LIMITED 
LIABILITY COMPANIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/13/97                     62 FR 1701

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Marie Cashman
Phone: 202 622-6040

RIN: 1545-AS94
_______________________________________________________________________




2844. DEDUCTIBILITY, SUBSTANTIATION, AND DISCLOSURE OF CERTAIN 
CHARITABLE CONTRIBUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8690            12/16/96                    61 FR 65946
Final Action Effective          12/16/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karin G. Gross
Phone: 202 622-4930
Fax: 202 622-6316

RIN: 1545-AS95
_______________________________________________________________________




2845. FINALIZATION OF INTERNATIONAL CONSISTENCY REGULATIONS, 1.338-4(H)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8710            01/23/97                     62 FR 3458
Final Action Effective          01/20/97

Small Entities Affected: Businesses

Government Levels Affected: None

[[Page 22244]]

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

RIN: 1545-AO73
_______________________________________________________________________




2846. CERTAIN OUTBOUND TRANSFERS OF DOMESTIC STOCK OR SECURITIES 
(CORPORATE INVERSIONS)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8702            12/30/96                    61 FR 68633
Final Action Effective          01/29/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AT42
_______________________________________________________________________




2847. 403B SALARY REDUCTION ELECTION

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/11/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Susan Lennon
Phone: 202 622-6030

RIN: 1545-AU21
_______________________________________________________________________




2848. MARK-TO-MARKET FOR DEALERS IN SECURITIES: EQUITY INTERESTS IN 
RELATED PARTIES AND THE DEALER-CUSTOMER RELATIONSHIP

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8700            12/24/96                    61 FR 67715
Final Action Effective          12/24/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jo Lynn Ricks
Phone: 202 622-3920
Fax: 202 622-4425

RIN: 1545-AT94
_______________________________________________________________________




2849. PARTNERSHIP DISTRIBUTIONS OF MARKETABLE SECURITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8707            12/26/96                    61 FR 67936
Final Action Effective          12/26/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AT19
_______________________________________________________________________




2850. SOURCE OF INCOME FROM SALES OF NATURAL RESOURCES PRODUCED IN ONE 
JURISDICTION AND SOLD IN ANOTHER JURISDICTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8687            11/29/96                    61 FR 60540
Final Action Effective          12/30/96

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AT92
_______________________________________________________________________




2851. DEEMED PAID CREDIT UNDER SECTION 902 DETERMINED ON ACCUMULATED 
BASIS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8708            01/07/97                      62 FR 923

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Caren S. Shein
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AL98
_______________________________________________________________________




2852. OBRA 1993 SECTION 936 REG

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/16/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AS43
_______________________________________________________________________




2853. AMENDMENT TO SUBPART F DEFINITIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8704            01/02/97                       62 FR 17
Final Action Effective          01/02/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Valerie A. Mark
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AR31
_______________________________________________________________________




2854. EARNINGS INVESTED IN EXCESS PASSIVE ASSETS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/10/97

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AS47
_______________________________________________________________________




2855. INCOME TAX--GAIN FROM DISPOSITION OF INTEREST IN OIL, GAS, 
GEOTHERMAL, OR OTHER MINERAL PROPERTIES BY S CORPORATIONS AND THEIR 
SHAREHOLDERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

[[Page 22245]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8684            10/10/96                    61 FR 53062
Final Action Effective          10/10/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James A. Quinn
Phone: 202 622-3060
Fax: 202 622-4513

RIN: 1545-AM98
_______________________________________________________________________




2856. OID ON PREPAYABLE DEBT INSTRUMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/10/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William Cejudo
Phone: 202 622-3920
Fax: 202 622-4425

RIN: 1545-AU50
_______________________________________________________________________




2857. INFLATION-INDEXED SECURITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8709            01/06/97                      62 FR 615

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William Blanchard
Phone: 202 622-3950

RIN: 1545-AU44
_______________________________________________________________________




2858. TREATMENT OF SHAREHOLDERS OF PASSIVE FOREIGN INVESTMENT COMPANIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8701            12/27/96                    61 FR 68149
Final Action Effective          12/27/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gayle Novig
Phone: 202 622-3880

RIN: 1545-AC06
_______________________________________________________________________




2859. PASSIVE FOREIGN INVESTMENT COMPANIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8701            12/27/96                    61 FR 68149
Final Action Effective          12/27/96

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Tribal, Federal

Agency Contact: Gayle Novig
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AI33
_______________________________________________________________________




2860. INCOME TAX--DEFINITIONS AND SPECIAL RULES PERTAINING TO S 
CORPORATIONS

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8696            12/23/96                    61 FR 67454
Final Action Effective          01/01/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Laura Howell
Phone: 202 622-3060
Fax: 202 622-4513

RIN: 1545-AE94
_______________________________________________________________________




2861.  DEFINITION OF ``PRIVATE ACTIVITY BOND''

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 141; 26 USC 142; 26 USC 145; 26 
USC 148; 26 USC 150

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation provides a definition of the term ``private 
activity bond''.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/94                    59 FR 67658
NPRM Comment Period End         05/01/95
Final Action TD 8712            01/16/97                     62 FR 2275

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Additional Information: REG-248900-96
Drafting Attorney: Loretta Finger (202) 622-3980.
Reviewing Attorney: Michael Bailey (202) 622-4438.
Treasury Attorney: Linda Schakel (202) 622-1339.
CC:DOM:FI&P
This regulation was published in the Federal Register (NPRM) on Friday, 
Dec. 30, 1994, the RIN was 1545-AM01. On May 31, 1996 part of the NPRM 
was finalized and published in the Federal Register under TD 8673 with 
RIN 1545-AM01. On Jan. 16, 1997 other parts of the NPRM were finalized 
and published in the Federal Register under TD 8712 with RIN 1545-AU62. 
Other parts of the NPRM are currently being worked on and an additional 
RIN is currently being sought.

Agency Contact: Loretta J. Finger, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU62
_______________________________________________________________________




2862. REQUIREMENTS TO ENSURE COLLECTION OF SECTION 2056A ESTATE TAX

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 20

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8686            11/29/96                    61 FR 60551
Final Action Effective          11/29/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Susan Hurwitz
Phone: 202 622-3090

RIN: 1545-AT64

[[Page 22246]]

_______________________________________________________________________




2863. ELECTRONIC FILING OF FORM W-4

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8706            01/02/97                       62 FR 22
Final Action Effective          01/02/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AR67
_______________________________________________________________________




2864. ELECTRONIC FILING OF FORM W-4

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/13/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AU59
_______________________________________________________________________




2865. DIESEL FUEL TAX - 1996 AMENDMENT

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8693            12/17/96                    61 FR 66215
Final Action Effective          12/17/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Frank Boland
Phone: 202 622-3130

RIN: 1545-AU52
_______________________________________________________________________




2866.  MARK-TO-MARKET FOR DEALERS IN SECURITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1805; 26 USC 475; 26 USC 6001; 26 USC 8605

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance to enable taxpayers to 
comply with the mark to market requirements applicable to dealers in 
securities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/29/93                    58 FR 68798
Final Action TD 8700            12/24/96                    61 FR 67715
Final Action Effective          12/24/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209673-93 (FI-72-93)
Drafting attorney: Jo Lynn Ricks (202) 622-3920.
Drafting attorney: Robert Williams (202) 622-3930.
Reviewing attorney: Michael Novey 622-3900.
CC:DOM:FI&P Final regulation TD 8700 published in the Federal Register 
12/24/96 with RIN 1545-AS30. That RIN was inadvertently closed in the 
April 1995 agenda.

Agency Contact: Jo Lynn Ricks Bob Williams, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-2900
Fax: 202 622-4425

RIN: 1545-AV04
_______________________________________________________________________




2867.  REQUIREMENT OF RETURN AND TIME FOR FILING

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6011; 26 USC 6071

CFR Citation:  26 CFR 53

Legal Deadline: None

Abstract: Amend 26 CFR 53.6011-1(b) to provide that Form 4720 should be 
used by disqualified persons and organization managers liable for 26 
USC 4958 excise taxes. Amend 26 CFR 53.6071-1 to specify the filing 
dates for the form, including for transactions in prior years.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8705            01/02/97                       62 FR 25

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-247862-96
Drafting attorney: Phyllis Haney (202) 622-4290.
Reviewing attorney: Paul Accettura (202) 622-6070.
Treasury attorney: Catherine Livingston (202) 622-1343.
CC:EBEO

Agency Contact: Phyllis Haney, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4290

RIN: 1545-AU65
_______________________________________________________________________




2868. MAGNETIC MEDIA FILING REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301; 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8683            10/10/96                    61 FR 53508
Final Action Effective          01/01/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donna Welch
Phone: 202 622-4910

RIN: 1545-AU48
_______________________________________________________________________




2869. INCOME TAXES AUTOMATIC EXTENSION OF TIME TO FILE PARTNERSHIP 
RETURN OF INCOME AND TRUST INCOME TAX RETURN

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8703            12/31/96                    61 FR 69027
Final Action Effective          12/31/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Nancy Romano
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AU47
_______________________________________________________________________




2870. DISCLOSURE OF RETURN INFORMATION TO THE U.S. CUSTOMS SERVICE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

[[Page 22247]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8694            12/17/96                    61 FR 66218
Final Action Effective          12/17/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donald Squires
Phone: 202 622-4570

RIN: 1545-AS52
_______________________________________________________________________




2871. DISCLOSURE OF RETURNS AND RETURN INFORMATION TO PROCURE PROPERTY 
OR SERVICES FOR TAX ADMINISTRATION PURPOSES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8695            12/17/96                    61 FR 66217
Final Action Effective          12/17/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donald Squires
Phone: 202 622-4570

RIN: 1545-AT48
_______________________________________________________________________




2872. SELECTION OF TAX MATTERS PARTNER FOR LIMITED LIABILITY COMPANIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8698            12/23/96                    61 FR 67458
Final Action Effective          12/23/96

Small Entities Affected: Businesses

Government Levels Affected: Federal

Agency Contact: Robert Honigman
Phone: 202 622-3050

RIN: 1545-AS09
_______________________________________________________________________




2873. DEPOSITS OF EXCISE TAX

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 40

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8685            11/12/96                    61 FR 58004
Final Action Effective          11/12/96

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

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

RIN: 1545-AT25
_______________________________________________________________________




2874. PROPERTY EXEMPT FROM LEVY

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/13/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert A. Miller
Phone: 202 622-3640
Fax: 202 622-3766

RIN: 1545-AU55
_______________________________________________________________________




2875. COMPROMISES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/13/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kevin B. Connelly
Phone: 202 622-3640
Fax: 202 622-3766

RIN: 1545-AU56
_______________________________________________________________________




2876. AUTOMATIC EXTENSION OF TIME FOR FILING INDIVIDUAL TAX RETURNS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 6081; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8703            12/31/96                    61 FR 69027
Final Action Effective          12/31/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Nancy Romano
Phone: 202 622-4940

RIN: 1545-AS04
_______________________________________________________________________




2877. CERTAIN ELECTIONS UNDER THE OMNIBUS BUDGET RECONCILIATION ACT OF 
1993

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8688            12/12/96                    61 FR 65321
Final Action Effective          12/12/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: George Bradley
Phone: 202 622-4920

RIN: 1545-AS14
_______________________________________________________________________




2878. METHODS OF SIGNING

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301; 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8689            12/12/96                    61 FR 65319
Final Action Effective          12/12/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Celia Gabrysh
Phone: 202 622-6316

RIN: 1545-AT23
_______________________________________________________________________




2879. SIMPLIFICATION OF ENTITY CLASSIFICATION RULES

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8697            12/18/96                    61 FR 66584
Final Action Effective          01/01/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Harris
Phone: 202 622-3050
Fax: 202 622-4524

RIN: 1545-AT91
_______________________________________________________________________




2880. SALE OF SEIZED PROPERTY

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

[[Page 22248]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8691            12/17/96                    61 FR 66216
Final Action Effective          12/17/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kevin B. Connelly
Phone: 202 622-3640

RIN: 1545-AU13
_______________________________________________________________________




2881.  TAXPAYER BILL OF RIGHTS 2, MISCELLANEOUS PROVISIONS 
TEMPORARY REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The temporary regulations implement minor changes made by the 
taxpayer Bill of Rights 2 (TBOR2) to miscellaneous sections of the 
Code. The regulations amend existing regulations under Code sections 
6013, 6344, 6601, 6651, 6656, 7122 and 7430.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/27/97

Small Entities Affected: Businesses

Government Levels Affected: Federal

Additional Information: REG-248770-96
Drafting attorney: Beverly Baughman (202) 622-4940.
Reviewing attorney: Rochelle Hodes (202) 622-4910.
Treasury attorney: Chris Rizek (202) 622-1238.
CC:DOM:IT&A

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

RIN: 1545-AU63
_______________________________________________________________________




2882.  TAXPAYER ASSISTANCE ORDERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: TBOR2 changed the name of the ombudsman to the Taxpayer 
Advocate, expanded what a taxpayer assistance order can be issued for 
to include positive acts plus time frames, and limited the authority to 
modify or rescind to the Taxpayer Advocate, the Commissioner and the 
Deputy Commissioner. The entire regulation is being revised consistent 
with current laws.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/27/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-251504-96
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, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3640

RIN: 1545-AU69
_______________________________________________________________________




2883.  ESTATE AND GIFT TAX REGULATION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: These temporary regulations amend the final estate tax 
regulations. The amendments are made to conform the estate tax 
regulations to recent court decisions in Estate of Clayton v. 
Commissioner, 97 T.C. 327 (1991), rev'd 976 F.2d 1486 (5th Cir. 1992); 
Estate of Robertson 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 of 1995 ); and Estate of Clack v. 
Commissioner, 106 T.C. 131 (1996). As a result of the amendments, an 
income interest (or life estate) that is contingent upon the executor's 
election under section 2056(b)(7)(B)(v) will not be precluded on that 
basis from qualification as a ``qualifying income interest over life'' 
within the meaning of section 2056 (b)(7)(B)(ii).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8714            02/18/97                     62 FR 7156
Final Action Effective          02/18/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209830-96
Drafting attorney: Susan Hurwitz (202) 622-3090.
Reviewing attorney: Katherine A. Mellody (202) 622-3090.
Treasury attorney: Beth Kaufman (202) 622-1766.
CC:DOM:P&SI

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

RIN: 1545-AU81
_______________________________________________________________________




2884.  SECTION 42(D)(5) FEDERAL GRANTS

Priority:  Substantive, Nonsignificant

Unfunded Mandates: This action may affect State, local or tribal 
governments and the private sector.

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations describe the effect that section 42(d)(5) 
has on certain rental assistance payments made under section 
42(g)(2)(B)(i).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8713            01/27/97                     62 FR 3792
Final Action Effective          01/27/97

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-254394-96
Drafting attorney: Christopher J. Wilson (202) 622-3040.
Reviewing attorney: Susan Reaman (202) 622-3040.
Treasury attorney: Linda Schakel (202) 622-1339.
CC:DOM:P&SI

Agency Contact: Christoper J. Wilson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224

[[Page 22249]]

Phone: 202 622-3040

RIN: 1545-AU93
_______________________________________________________________________




2885.  CREDIT FOR EMPLOYER SOCIAL SECURITY TAXES PAID ON 
EMPLOYEE TIPS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 45B of the Code describes a business tax credit for 
employer FICA (social security) taxes paid by food and beverage 
establishments on tips received by their employees. The regulations 
clarify that the credit applies only to taxes paid in tips reported to 
the employer by its employees and that the credit is effective for 
employer FICA taxes paid after December 31, 1993 with respect to tips 
received for services performed after December 31, 1993.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Effective          01/01/94                    61 FR 67213
Final Action TD 8699            12/20/96                    61 FR 67212

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209672-93
Drafting attorney: Jean Casey (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.
CC:EBEO This TD removes temporary regulations TD 8503 RIN 1545-AS19.

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

RIN: 1545-AV06
_______________________________________________________________________




2886.  INTANGIBLES UNDER SECTIONS 1060 AND 338

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 338(b); 26 USC 1060; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Amendment of temporary and final regulations under sections 
1060 and 338 to provide a method of allocating basis to section 197 
intangibles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/16/97                     62 FR 2335
Final Action TD 8711            01/16/97                     62 FR 2267

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-252665-96
Drafting attorney: Brendan O'Hara (202) 622-7530.
Reviewing attorney: Vicki Hyche (202) 622-7530.
Treasury attorney: Kevin Anderson (202) 622-1981.
CC:DOM:CORP
Hearing 05/22/97

Agency Contact: Brendan O'Hara, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7530

RIN: 1545-AU82
BILLING CODE 4830-01-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2887. 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 issued 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                           04/02/97                    62 FR 15626
NPRM                            04/02/97                    62 FR 15626
ANPRM Comment Period End        06/02/97
NPRM Comment Period End         06/02/97

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-AB00

[[Page 22250]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2888. RISK-BASED CAPITAL REQUIREMENTS - RECOURSE AND DIRECT CREDIT 
SUBSTITUTES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1835; 12 USC 1848; 12 USC 4808

CFR Citation:  12 CFR 567

Legal Deadline: None

Abstract: In May, 1994, the Federal banking agencies issued an advance 
notice of proposed rulemaking and notice of proposed rulemaking to 
address the regulatory capital treatment of recourse arrangements and 
direct credit substitutes that expose banks, bank holding companies, 
and thrifts to credit risk and to correct inconsistencies in the 
agencies' risk-based capital standards. Currently, the agencies are 
preparing to issue a notice of proposed rulemaking that would vary the 
capital requirement for traded and non-traded positions in securitized 
asset transactions according to their relative risk exposure, using 
credit ratings from nationally recognized statistical rating 
organizations to measure credit risk.

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
NPRM                            04/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly, Senior Program Manager for Capital 
Policy, Supervision Policy, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6465

RIN: 1550-AA70
_______________________________________________________________________




2889. 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                            07/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Francis Raue, Policy Analyst, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5750

RIN: 1550-AA77
_______________________________________________________________________




2890. APPLICATIONS PROCESSING

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 1701j-3; 12 
USC 1817; 12 USC 1818; 12 USC 1831i; 12 USC 2901; 12 USC 3806; 15 USC 
1693 to 1693r; ...

CFR Citation:  12 CFR 543; 12 CFR 545; 12 CFR 552; 12 CFR 556; 12 CFR 
563; 12 CFR 574

Legal Deadline: None

Abstract: The OTS has issued a notice of proposed rulemaking to revise 
its regulation setting forth the criteria for submitting comments on 
certain applications filed by savings associations with the OTS. The 
revised rule would be significantly shorter and more straightforward, 
making it more workable and flexible for both the public and the OTS.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Timothy Burniston, Director, Compliance Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5629

RIN: 1550-AA83
_______________________________________________________________________




2891.  RISK-BASED CAPITAL AND LEVERAGE CAPITAL STANDARDS

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 1828

CFR Citation:  12 CFR 567

Legal Deadline: None

Abstract: The Federal banking agencies are taking under consideration 
the adoption of a notice of proposed rulemaking to revise their 
respective risk-based capital standards and leverage capital standards 
for banks and thrifts. The rule will help implement section 303 of the 
Riegle Community Development and Regulatory Improvement Act of 1994, 
which requires the agencies to work jointly to make uniform their 
regulations and guidelines implementing common statutory or supervisory 
policies. The rule would make uniform the agencies' risk-based capital 
treatments for construction loans on presold residential properties, 
real estate loans secured by junior liens on 1- to 4-family residential 
properties, and investments in mutual funds. The rule would also 
coordinate and simplify minimum Tier 1 leverage standards.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/97

Small Entities Affected: Businesses

[[Page 22251]]

Government Levels Affected: None

Agency Contact: John F. Connolly, Senior Program Manager for Capital 
Policy, Supervision Policy, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6465

RIN: 1550-AB03
_______________________________________________________________________




2892.  MUTUAL SAVINGS AND LOAN HOLDING COMPANIES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1828; 12 USC 2901

CFR Citation:  12 CFR 575

Legal Deadline: None

Abstract: On November 13, 1996, OTS issued an advance notice of 
proposed rulemaking soliciting comment on whether to amend OTS's 
regulations regarding Mutual Savings and Loan Holding Companies to 
permit the establishment of a mutual holding company structure that 
includes an intermediate stock holding company.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/13/96                    61 FR 58144
ANPRM Comment Period End        12/13/96
NPRM                            07/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: James H. Underwood, Special Counsel, Business 
Transactions Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7354

RIN: 1550-AB04
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2893. ``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                    06/00/97

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-AA76
_______________________________________________________________________




2894. RISK-BASED CAPITAL REQUIREMENTS, SMALL BUSINESS LOAN RECOURSE 
OBLIGATIONS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1835; 12 USC 1848; 12 USC 4808

CFR Citation:  12 CFR 567

Legal Deadline:  Final, Statutory, March 22, 1995.

Abstract: The OTS has issued an interim final rule with request for 
comment that revises its risk-based capital standards as required by 
sections 208 and 350 of the Riegle Community Development and Regulatory 
Improvement Act of 1994. The rule modifies the risk-based capital 
treatment of small business loans and leases of personal property with 
recourse in accordance with the new statutory requirement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              08/31/95                    60 FR 45618
Final Action                    06/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly, Senior Program Manager for Capital 
Policy, Supervision Policy, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6465

RIN: 1550-AA81
_______________________________________________________________________




2895. 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.

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

[[Page 22252]]

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                    07/00/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly, Senior Program Manager for Capital 
Policy, Supervision Policy, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6465

RIN: 1550-AA98
_______________________________________________________________________




2896.  EXPANDED EXAMINATION CYCLE FOR CERTAIN SMALL INSURED 
INSTITUTIONS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 
12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12 
USC 3806; 42 USC 4106

CFR Citation:  12 CFR 563

Legal Deadline: None

Abstract: The Federal banking agencies have issued a joint interim rule 
with request for comment to implement section 306 of the Riegle 
Community Development and Regulatory Improvement Act of 1994 (CDRI), 
and section 2221 of the Economic Growth and Regulatory Paperwork 
Reduction Act of 1996 (EGRPRA). These provisions authorize the Federal 
banking agencies to increase the asset size of certain financial 
institutions that may be examined once in every 18-month period, rather 
than once in every 12-month period, from the current limit of $100 
million to a revised limit of $250 million. The interim rule makes 
certain institutions that have $250 million or less in assets eligible 
for the 18-month examination schedule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              02/12/97                     62 FR 6449
Interim Final Rule Comment 
Period End                      04/14/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Scott Albinson, Special Assistant to the Executive 
Director, Supervision, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7984

RIN: 1550-AB02
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2897. 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.

CFR Citation:  12 CFR 563

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/05/94                    59 FR 62356
NPRM Comment Period End         02/03/95


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Edward J. O'Connell
Phone: 202 906-5694

RIN: 1550-AA72
_______________________________________________________________________




2898. 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 22253]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2899. 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.

CFR Citation:  12 CFR 543; 12 CFR 552

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/03/96                    61 FR 64007
Final Action Effective          01/01/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Mary Jo Johnson
Phone: 202 906-5739

RIN: 1550-AA87
_______________________________________________________________________




2900. 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.

CFR Citation:  12 CFR 545; 12 CFR 563; 12 CFR 571

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/18/96                    61 FR 66561
Final Action Effective          01/01/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Deborah S. Merkle
Phone: 202 906-5688

RIN: 1550-AA88
_______________________________________________________________________




2901. REGULATORY REVIEW: CONFLICTS OF INTEREST, CORPORATE OPPORTUNITY 
AND HAZARD 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 545; 12 CFR 556; 12 CFR 563; 12 CFR 571

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/27/96                    61 FR 60173
Final Action Effective          01/01/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Francis Raue
Phone: 202 906-5750

RIN: 1550-AA89
_______________________________________________________________________




2902. 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.

CFR Citation:  12 CFR 502; 12 CFR 516; 12 CFR 562; 12 CFR 563; 12 CFR 
565; 12 CFR 574

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/27/97                     62 FR 3779
Final Action Effective          02/26/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William J. Magrini
Phone: 202 906-5744

RIN: 1550-AA99
_______________________________________________________________________




2903.  CIVIL MONETARY PENALTY INFLATION ADJUSTMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1462a; 12 USC 1463; 12 USC 1464

CFR Citation:  12 CFR 510

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

Abstract: OTS issued a final rule on October 31, 1996 to implement 
adjustments to each of OTS's CMP statutes, as required by the Debt 
Collection Improvement Act of 1996. The Act required all federal 
agencies with the statutory authority to impose civil monetary 
penalties to regularly evaluate them and adjust the maximum to reflect 
inflation to ensure that they continue to maintain their deterrent 
value.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/31/96                    61 FR 56118
Final Action Effective          10/31/96

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Richard Blanks, Counsel (Banking and Finance), 
Regulations and Legislation Division, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7037

RIN: 1550-AB01
_______________________________________________________________________




2904.  AMENDMENTS IMPLEMENTING ECONOMIC GROWTH AND REGULATORY 
PAPERWORK REDUCTION 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:  12 USC 375b; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468; 12 USC 1701j-3; 12 USC 1817; 12 USC 1828; 12 
USC 1831i; 12 USC 2901; 12 USC 3803; 12 USC 3806; 42 USC 4106

CFR Citation:  12 CFR 560; 12 CFR 563; 12 CFR 574; 12 CFR 575; 12 CFR 
583; 12 CFR 584

Legal Deadline: None

Abstract: On November 27, 1996, OTS issued an interim final rule to 
implement provisions of the Economic Growth and Regulatory Paperwork 
Reduction Act of 1996 (EGRPRA). Among other things, EGRPRA expanded and 
clarified Federal thrifts' lending and investment authority, amended 
the Qualified Thrift Lender Test, authorized OTS to grant anti-tying 
exceptions to savings associations that conform to those granted to 
banks by the Board of Governors of the Federal Reserve System, and 
modified OTS's oversight authority over bank holding companies that own 
savings associations. The interim rule implements these statutory 
changes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/27/96                    61 FR 60179
Final Action                    04/03/97                    62 FR 15819
Final Action Effective          04/03/97

[[Page 22254]]

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 20552
Phone: 202 906-5744

RIN: 1550-AB05
[FR Doc. 97-6692 Filed 04-24-97; 8:45 am]
BILLING CODE 6720-01-F