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


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Part XV





Department of the Treasury





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Semiannual Regulatory Agenda

[[Page 22460]]



DEPARTMENT OF THE TREASURY (TREAS)                                     


  



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DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

AGENCY: Departmental Offices, Treasury.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

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

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

Dated: March 5, 1998.

Neal Comstock,

Executive Secretary.

                                     Departmental Offices--Final Rule Stage                                     
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2567        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   
----------------------------------------------------------------------------------------------------------------
2568        31 CFR 500.704   Administrative Hearings..............................................    1505-AA59 
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2569        31 CFR 103   Amendments to the Bank Secrecy Act Regulations - Suspicious Activity                   
            Reporting--Broker/Dealers.............................................................    1506-AA21 
2570        31 CFR 103   Amendments to the Bank Secrecy Act Regulations - Suspicious Activity                   
            Reporting--Casinos....................................................................    1506-AA22 
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage                             
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2571        31 CFR 103   Amendment to the Bank Secrecy Act Regulations - Registration Requirement               
            for Certain Non-Bank Financial Institutions--Money Services Businesses (MSBs).........    1506-AA09 
2572        31 CFR 103   Amendment to the Bank Secrecy Act Regulations--Discretionary Exemption of              
            Certain Transactions From Currency Transaction Reporting Requirements.................    1506-AA12 
2573        31 CFR 103   Amendment to the Bank Secrecy Act Regulations Regarding Reporting of                   
            Cross-Border Transportation of Certain Monetary Instruments...........................    1506-AA15 
2574        31 CFR 103   Amendments to the Bank Secrecy Act Regulations - Special Reporting and                 
            Recordkeeping Requirements--Money Services Businesses (MSBs)..........................    1506-AA19 
2575        31 CFR 103   Amendments to the Bank Secrecy Act Regulations - Suspicious Activity                   
            Reporting--Money Services Businesses (MSBs)...........................................    1506-AA20 
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Long-Term Actions                            
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2576        31 CFR 103   Amendment to the Bank Secrecy Act Regulations--Requirement That Financial              
            Institutions Carry Out Anti-Money-Laundering Programs.................................    1506-AA05 

[[Page 22461]]

                                                                                                                
2577        31 CFR 103   Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To              
            Assess Civil Money Penalties on Depository Institutions...............................    1506-AA08 
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                             Financial Crimes Enforcement Network--Completed Actions                            
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2578        31 CFR 103   Amendment to the Bank Secrecy Act Regulations Regarding Reporting and                  
            Recordkeeping by Card Clubs...........................................................    1506-AA18 
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2579        31 CFR 210   Federal Government Participation in the Automated Clearinghouse..........    1510-AA17 
2580        31 CFR 205   Rules and Procedures for Funds Transfers.................................    1510-AA38 
2581        31 CFR 240   Indorsement and Payment of Checks Drawn on the United States Treasury....    1510-AA45 
2582        31 CFR 245   Claims on Account of Treasury Checks.....................................    1510-AA51 
2583        31 CFR 285.4   Offset of Federal Benefit Payments.....................................    1510-AA64 
2584        31 CFR 285.5   Offset of Federal Payments (Other Than Tax Refund and Federal Benefit                
            Payments) To Collect Past-Due, Legally Enforceable Nontax Debt........................    1510-AA65 
2585        31 CFR 285.6   Offset of Federal Payments (Other Than Tax Refund and Federal Benefit                
            Payments) to Collect Past-Due Debts Owed to States (Other than Child Support).........    1510-AA66 
2586        31 CFR 285.13   Barring Delinquent Debtors from Obtaining Federal Financial Assistance              
            in the Form of Loans or Loan Guarantees...............................................    1510-AA71 
2587        31 CFR 285.14   Public Dissemination of Identity of Delinquent Debtors................    1510-AA72 
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2588        31 CFR 225   Acceptance of Bonds Secured by Government Obligations in Lieu of Bonds                 
            with Sureties.........................................................................    1510-AA36 
2589        31 CFR 203   Treasury Tax and Loan Depositaries and Payment of Federal Taxes..........    1510-AA37 
2590        31 CFR 281   Foreign Exchange Operations..............................................    1510-AA48 
2591        31 CFR 256   Payments Under Judgment and Private Relief Acts..........................    1510-AA52 
2592        31 CFR 208   Management of Federal Agency Disbursements...............................    1510-AA56 
2593        31 CFR 900 to 904   Federal Claims Collection Standards...............................    1510-AA57 
2594        31 CFR 285.1   Collection of Past-Due Support by Administrative Offset................    1510-AA58 
2595        31 CFR 207   Electronic Benefit Transfer; Selection and Designation of Financial                    
            Institutions as Depositary and Financial Agents.......................................    1510-AA59 
2596        31 CFR 212   Taxpayer Identifying Number Requirement..................................    1510-AA61 
2597        31 CFR 285.2   Offset of Tax Refund Payments To Collect Past-Due, Legally Enforceable               
            Nontax Debt...........................................................................    1510-AA62 
2598        31 CFR 285.3   Offset of Tax Refund Payments To Collect Past-Due Support..............    1510-AA63 
2599        31 CFR 285.11   Administrative Wage Garnishment.......................................    1510-AA67 
2600        31 CFR 285.12   Transfer of Debts to Treasury for Collection..........................    1510-AA68 
2601        31 CFR 285.15   Obtaining Taxpayer Identifying Numbers From Persons Doing Business                  
            With the Government...................................................................    1510-AA69 
2602        31 CFR 285.7   Matching of Federal Employee Records for Salary Offset.................    1510-AA70 
2603        31 CFR 285.16   Debt Sales............................................................    1510-AA73 
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[[Page 22462]]


                          Bureau of Alcohol, Tobacco and Firearms--Proposed Rule Stage                          
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2604        27 CFR 9   American Viticultural Areas................................................    1512-AA07 
2605        27 CFR 252   Exportation of Liquors...................................................    1512-AA98 
2606        27 CFR 7   Revision of Brewery Regulations and Issuance of Regulations for Taverns on               
            Brewery Premises (Brewpubs)...........................................................    1512-AB37 
2607        27 CFR 19.11   Distilled Spirits Plant Regulatory Initiative Proposal.................    1512-AB58 
2608        27 CFR 4   Net Contents Statement on Wine Labels......................................    1512-AB70 
2609        27 CFR 55   Commerce in Explosives (Including Explosives in the Fireworks Industry)...    1512-AB48 
2610        27 CFR 178   Commerce In Firearms and Ammunition......................................    1512-AB64 
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                            Bureau of Alcohol, Tobacco and Firearms--Final Rule Stage                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2611        27 CFR 4.40   Procedures for Revoking Previously Approved Certificates of Label                     
            Approval, Exemptions From Label Approval, or Distinctive Liquor Bottle Approvals......    1512-AB34 
2612        27 CFR 5   Labeling of Unaged Grape Brandy............................................    1512-AB46 
2613        27 CFR 21.3   Formulas For Denatured Alcohol and Rum..................................    1512-AB60 
2614        27 CFR 24.278   Implementation of Wine Credit Provisions of Public Law 104-188........    1512-AB65 
2615        27 CFR 55   Commerce in Explosives....................................................    1512-AB55 
2616        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 
2617        27 CFR 53   Firearms and Ammunition Excise Taxes......................................    1512-AB33 
2618        27 CFR 53.61(b)   Firearms and Ammunition Excise Taxes Parts and Accessories..........    1512-AB49 
2619        27 CFR 178   Residency Requirement for Persons Acquiring Firearms.....................    1512-AB66 
2620        27 CFR 178   Brady Bill Regulations - Permanent Provision.............................    1512-AB67 
2621        27 CFR 178   Posting of Signs and Written Notifications to Purchasers of Handguns.....    1512-AB68 
2622        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 
2623        27 CFR 70   Recodification of Statement of Procedural Rules...........................    1512-AB54 
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                           Bureau of Alcohol, Tobacco and Firearms--Long-Term Actions                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2624        27 CFR 7   Alcoholic Content Labeling for Malt Beverages..............................    1512-AB17 
2625        27 CFR 22.21   Distribution and Use of Tax-Free Alcohol...............................    1512-AB51 
2626        27 CFR 20   Distribution of Denatured Alcohol and Rum.................................    1512-AB57 
2627        27 CFR 18.56   Production of Volatile Fruit Flavored Concentrate......................    1512-AB59 
2628        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--Completed Actions                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2629        27 CFR 5.26   Registration of Formulas and Statements of Process for Domestically                   
            Produced Alcoholic Beverages..........................................................    1512-AB40 
2630        27 CFR 7   Labeling and Advertising of Malt Beverages.................................    1512-AB45 
2631        27 CFR 5   Petition To Regulate Use of the Term Margarita, and To Regulate Use of                   
            Certain Terms With Flavored Malt Beverages............................................    1512-AB50 
2632        27 CFR 4.91   Petition To List Johannesburg Riesling as a Grape Variety Name..........    1512-AB69 
2633        27 CFR 55   Implementation of Public Law 103-322, the Violent Crime Control and Law                 
            Enforcement Act of 1994...............................................................    1512-AB35 
2634        27 CFR 53   Manufacturers Excise Tax--Firearms and Ammunition Exemption Certificates/               
            Statements............................................................................    1512-AB42 

[[Page 22463]]

                                                                                                                
2635        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 
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                                Comptroller of the Currency--Proposed Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2636        12 CFR 19   Uniform Rules of Practice and Procedure; Regulation Review................    1557-AB43 
2637        12 CFR 26   Management Official Interlocks............................................    1557-AB60 
2638        12 CFR 7.4001   Interpretive Rulings..................................................    1557-AB61 
2639        12 CFR 4   Organization and Functions, Availability and Release of Information,                     
            Contracting Outreach Program..........................................................    1557-AB65 
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                                  Comptroller of the Currency--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2640        12 CFR 3   Capital Rules..............................................................    1557-AB14 
2641        12 CFR 4   Expanded Examination Cycle for Certain Small Financial Institutions........    1557-AB56 
2642        12 CFR 28   International Lending Supervision.........................................    1557-AB58 
2643        12 CFR 10   Municipal Securities Dealers..............................................    1557-AB62 
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2644        12 CFR 12   Qualification Requirements for Transactions in Certain Securities.........    1557-AB54 
2645        00 CFR Not yet determined   Treatment of Financial Contracts by OCC-Appointed                       
            Receivers and Conservators for Uninsured Financial Institutions.......................    1557-AB59 
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2646        12 CFR 8   Assessment of Fees; National Banks; District of Columbia Banks.............    1557-AB41 
2647        12 CFR 27   Fair Housing Home Loan Data System........................................    1557-AB53 
2648        12 CFR 32   Lending Limits............................................................    1557-AB55 
2649        12 CFR 9   Fiduciary Activities of National Banks.....................................    1557-AB63 
----------------------------------------------------------------------------------------------------------------


                               United States Customs Service--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2650        19 CFR 12   Textiles and Textile Products Subject to Textile Trade Agreements.........    1515-AB54 
2651        19 CFR 151   Accreditation of Commercial Testing Laboratories; Approval of Commercial               
            Gaugers...............................................................................    1515-AB60 
2652        19 CFR 159   Liquidation; Extension; Suspension.......................................    1515-AB66 
2653        19 CFR 12   Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and                   
            Music Videos of Live Musical Performances.............................................    1515-AB74 
2654        19 CFR 12   Interest on Underpayments and Overpayments of Customs Duties Fees and                   
            Interest..............................................................................    1515-AB76 
2655        19 CFR 142   Reconciliation...........................................................    1515-AB85 

[[Page 22464]]

                                                                                                                
2656        19 CFR 123   Foreign-Based Commercial Motor Vehicles in International Traffic.........    1515-AB88 
2657        19 CFR 171   Guidelines for the Imposition and Mitigation of Penalties for Violation                
            of 19 USC 1592........................................................................    1515-AC08 
2658        19 CFR 141   Customs Entry Documentation Pursuant to Anticounterfeiting Consumer                    
            Protection Act........................................................................    1515-AC15 
2659        19 CFR 162   Penalties for False Drawback Claims......................................    1515-AC21 
2660        19 CFR 111   Remote Location Filing...................................................    1515-AC23 
2661        19 CFR 102   NAFTA Preference Override................................................    1515-AC25 
2662        19 CFR 24   Automated Clearinghouse Credit............................................    1515-AC26 
----------------------------------------------------------------------------------------------------------------


                                 United States Customs Service--Final Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2663        19 CFR 133   Parallel Imports and Other Trademarked Goods.............................    1515-AB49 
2664        19 CFR 10   Andean Trade Preference...................................................    1515-AB59 
2665        19 CFR 134   Country-of-Origin Marking Requirements for Frozen Produce Packages.......    1515-AB61 
2666        19 CFR 10   Warehouse Withdrawals; Aircraft Fuel Supplies; Pipeline Transportation in               
            Bond of Merchandise...................................................................    1515-AB67 
2667        19 CFR 151   Detention of Merchandise.................................................    1515-AB75 
2668        19 CFR 162   Recordkeeping Requirements...............................................    1515-AB77 
2669        19 CFR 181   North American Free Trade Agreement (NAFTA)--Implementation of Duty-                   
            Deferral Program Provisions...........................................................    1515-AB87 
2670        19 CFR 103   Electronic Requests for Confidential Treatment of Export Manifest Data...    1515-AB89 
2671        19 CFR 12   Entry of Softwood Lumber Shipments From Canada............................    1515-AB97 
2672        19 CFR 162   Prior Disclosure.........................................................    1515-AB98 
2673        19 CFR 4   Lay Order Period: General Order: Penalties.................................    1515-AB99 
2674        19 CFR 171   Petitions for Relief; Seizures, Penalties, and Liquidated Damages........    1515-AC01 
2675        19 CFR 12   Importation of Chemicals Subject to the Toxic Substances Control Act......    1515-AC04 
2676        19 CFR 133   Anticounterfeiting Consumer Protection Act: Disposition of Merchandise                 
            Bearing Counterfeit American Trademarks; Civil Penalties..............................    1515-AC10 
2677        19 CFR 123   Designated Land Border Crossing Locations for Certain Conveyances........    1515-AC12 
2678        19 CFR 123   Land Border Carrier Initiative Program...................................    1515-AC16 
2679        19 CFR 10   Procedural Change Regarding American Shooks and Staves....................    1515-AC18 
2680        19 CFR 192   Exportation of Used Motor Vehicles.......................................    1515-AC19 
2681        19 CFR 12   Emissions Standards for Imported Nonroad Engines..........................    1515-AC28 
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Long-Term Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2682        19 CFR 4   Harbor Maintenance Fee.....................................................    1515-AA57 
2683        19 CFR 24   Donated Cargo Exemption From Harbor Maintenance Fee.......................    1515-AA87 
2684        19 CFR 102 (New)   Rules of Origin....................................................    1515-AB19 
2685        19 CFR 113   Automated Surety Interface...............................................    1515-AB25 
2686        19 CFR 24   Fees Assessed for Defaulted Payments......................................    1515-AB38 
2687        19 CFR 134   Country-of-Origin Marking for Watches....................................    1515-AB68 
2688        19 CFR 148   Treatment of Merchandise Imported by Foreign Governments or Designated                 
            International Organizations...........................................................    1515-AB92 
2689        19 CFR 12   Determination of the Country of Origin of Textiles and Textile Products...    1515-AC00 
2690        19 CFR 146   Weekly Entry Procedure for Foreign Trade Zones...........................    1515-AC05 
2691        19 CFR 103   Public Disclosure of Aircraft Manifests..................................    1515-AC13 
2692        19 CFR 12   Elimination of Certification Requirement for Film Importers...............    1515-AC20 
----------------------------------------------------------------------------------------------------------------


[[Page 22465]]


                                United States Customs Service--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2693        19 CFR 142   Publication of Filer Codes...............................................    1515-AB27 
2694        19 CFR 133   Disclosure of Information to Intellectual Property Rights Owners.........    1515-AB28 
2695        19 CFR 191   Drawback.................................................................    1515-AB95 
2696        19 CFR 19   General Enforcement Provisions; Removal of Agency Management Regulations..    1515-AC02 
2697        19 CFR 114   Bilateral Carnet Agreement Between the American Institute in Taiwan and                
            the Taipei Economic and Cultural Representative.......................................    1515-AC03 
2698        19 CFR 118   Centralized Examination Stations.........................................    1515-AC07 
2699        19 CFR 141   Increase of Maximum Amount For Informal Entries to $2000.................    1515-AC11 
2700        19 CFR 12   Import Restrictions Imposed on Archaeological Artifacts From Guatemala....    1515-AC24 
2701        19 CFR 4   Addition of Hong Kong to the List of Nations Entitled to Special Tonnage                 
            Tax Exemption.........................................................................    1515-AC27 
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2702        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 
2703        26 USC 0179A   Determination of Section 30 Credit and Section 179A Deduction..........    1545-AR66 
2704        26 USC 0337   Corporate Inversion Transactions........................................    1545-AS91 
2705        26 USC 0338   Purchase Price Allocation...............................................    1545-AV58 
2706        26 USC 0367   Section 361 Outbound Transfers of Property to Foreign Corporations......    1545-AM97 
2707        26 USC 0460   Accounting for Long-Term Contracts......................................    1545-AQ30 
2708        26 USC 0468B   Escrow Funds and Other Similar Funds...................................    1545-AR82 
2709        26 USC 0475   Mark-to-Market for Securities Dealers; Application of Held for                        
            Investment Exemption to Consolidated Groups...........................................    1545-AU87 
2710        26 USC 0482   Taxation of Global Trading..............................................    1545-AP01 
2711        26 USC 0529   Qualified State Tuition Programs........................................    1545-AV18 
2712        26 USC 0679   Foreign Grantor Trusts..................................................    1545-AO75 
2713        26 USC 0743   Adjustments Following Sales of Partnership Interests....................    1545-AS39 
2714        26 USC 0863   Source Rules for Payments Made Pursuant to Certain Swap Arrangements....    1545-AU89 
2715        26 USC 0865   Source Rules for Personal Property Sales................................    1545-AJ83 
2716        26 USC 0872   Income Tax--Reciprocal Exemptions for Certain Transportation Income.....    1545-AJ57 
2717        26 USC 0901   Foreign Tax Credit Anti-Abuse Regulation................................    1545-AV97 
2718        26 USC 0921   Removal of Temporary Regulations........................................    1545-AV36 
2719        26 USC 0925   Source and Grouping Rules for Foreign Sales Corporation Transfer Pricing    1545-AV90 
2720        26 USC 0925   Source and Grouping Rules for Foreign Sales Corporation Transfer Pricing    1545-AV91 
2721        26 USC 0954   Guidance Under Subpart F Relating to Partnerships.......................    1545-AV11 
2722        26 USC 0960   Coordination of Pre-1987 Deemed Paid Taxes..............................    1545-AT85 
2723        26 USC 1092   Equity Options Without Standard Terms...................................    1545-AV48 
2724        26 USC 1361   Electing Small Business Trust...........................................    1545-AU76 
2725        26 USC 1361   S Corporation Subsidiaries..............................................    1545-AU77 
2726        26 USC 1446   Temporary Regulation on Withholding Tax on Payments From Partnerships to              
            Foreign Partners......................................................................    1545-AL32 
2727        26 USC 1502   Consolidated Returns - Limitations on the Use of Certain Losses and                   
            Credits...............................................................................    1545-AV98 
2728        26 USC 1502   Consolidated Returns - Limitations on the Use of Certain Losses and                   
            Credits...............................................................................    1545-AV99 
2729        26 USC 4251   Prepaid Telephone Cards.................................................    1545-AV63 
2730        26 USC 4958   Clarification of 4958 Excise Taxes......................................    1545-AV60 
2731        26 USC 6041   Purchasing and Reporting................................................    1545-AV49 
2732        26 USC 6255   Electing Large Partnership Items and Adjustments........................    1545-AV76 
2733        26 USC 6255   Electing Large Partnership Items and Adjustments........................    1545-AV77 
2734        26 USC 6302   Electronic Funds Transfers of Federal Deposits..........................    1545-AV96 
2735        26 USC 6402   Revision of Tax Refund Offset Program...................................    1545-AV50 
2736        26 USC 6695   Due Diligence for EIC (Earned Income Credit)............................    1545-AW03 
2737        26 USC 7805   Pass Through Items of S Corporation to Its Shareholders.................    1545-AT52 
2738        26 USC 7805   Excise Tax on Heavy Trucks, Truck Trailers and Semitrailers, and                      
            Tractors..............................................................................    1545-AT63 
2739        26 USC 7805   Reporting Requirements for Widely Held Fixed Investment Trusts..........    1545-AU15 
2740        26 USC 7805   Payment From the Presidential Primary Matching Payment Account..........    1545-AU57 
2741        26 USC 7805   Disclosure of Certain Returns and Return Information by Other Federal                 
            Agencies..............................................................................    1545-AU83 

[[Page 22466]]

                                                                                                                
2742        26 USC 7805   Disclosure of Certain Returns and Return Information by Other Federal                 
            Agencies..............................................................................    1545-AU84 
2743        26 USC 7805   Special Rules Applicable to Sales of Debt Instrument Between Record                   
            Dates and the End of Accrual Periods..................................................    1545-AU95 
2744        26 USC 7805   Legending of REMIC Certificates.........................................    1545-AU96 
2745        26 USC 7805   Withdrawal of Notice of Federal Tax Lien................................    1545-AV00 
2746        26 USC 7805   Return of Levied Property in Certain Cases..............................    1545-AV01 
2747        26 USC 7805   Credit for Increasing Research Activities...............................    1545-AV14 
2748        26 USC 7805   Cash Advances of Compensation to Service Providers......................    1545-AV21 
2749        26 USC 7805   Section 42 Miscellaneous Compliance.....................................    1545-AV44 
2750        26 USC 7805   Marital Deduction.......................................................    1545-AV45 
2751        26 USC 7805   HIPAA Newborns' and Mothers' Health Protection Act......................    1545-AV52 
2752        26 USC 7805   Withdrawal of Proposed Regulations and Temporary Regulations That                     
            Provide Rules for Substantiating Travel Expense Deductions for Members of Congress....    1545-AV55 
2753        26 USC 7805   EITC Recertification Requirements.......................................    1545-AV61 
2754        26 USC 7805   Section 707 Disguised Sales of Partnership Interest.....................    1545-AV66 
2755        26 USC 7805   Section 6038 Information Reporting Requirements for Foreign Partnerships    1545-AV69 
2756        26 USC 7805   Section 6038B Information Reporting Requirements for Transfers to                     
            Foreign Partnerships..................................................................    1545-AV70 
2757        26 USC 7805   Kerosene Tax............................................................    1545-AV71 
2758        26 USC 7805   Disclosure of Return Information to the Bureau of the Census............    1545-AV83 
2759        26 USC 7805   Disclosure of Return Information to the Bureau of the Census............    1545-AV84 
2760        26 USC 7805   Substantiation of Business Expenses-Use of Mileage Rates to Substantial               
            Automobile Expenses...................................................................    1545-AV87 
2761        26 USC 7805   Substantiation of Business Expenses-Use of Mileage Rates To Substantiate              
            Automobile Expenses...................................................................    1545-AV89 
2762        26 USC 7805   Disaster Relief Regulations, Sec. 7508A.................................    1545-AV92 
2763        26 USC 7805   Merchandise.............................................................    1545-AW00 
2764        26 USC 7805   HIPPA Nondiscrimination Rules...........................................    1545-AW02 
2765        26 USC 936   New Lines of Business Prohibited Under Section 936(j)(9)(B)..............    1545-AV68 
2766        28 USC 7805   Treatment of Conduit Financing Using Fast Pay Preferred Stock...........    1545-AV07 
2767        26 USC 0403   Withdrawal of Proposed Regulations......................................    1545-AV35 
2768        26 USC 7805   Interest on Education Loans.............................................    1545-AW01 
2769        26 USC 7805   Section 411(d)(6) Protected Benefits (Taxpayer Relief Act of 1997)......    1545-AV94 
2770        26 USC 7805   Section 411(d)(6) Protected Benefits (Taxpayer Relief Act of 1997)......    1545-AV95 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage                                   
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2771        05 USC 0552   Statement of Procedural Rules--Part 601.702 Appendix B - Internal                     
            Revenue Service - 31 CFR Part 1.......................................................    1545-AR99 
2772        26 USC 0072   Loans Treated as Distributions..........................................    1545-AE41 
2773        26 USC 0148   Arbitrage Restrictions on Tax Exempt Bonds..............................    1545-AU39 
2774        26 USC 0165   Section 5f.163-1(B)(2)..................................................    1545-AP33 
2775        26 USC 0263A   Rules for Property Produced in a Farming Business......................    1545-AQ91 
2776        26 USC 0337   Certain Asset Transfers to a Tax-Exempt Entity..........................    1545-AN21 
2777        26 USC 0367   Income Tax--Part 1--Stock Transfer Rules................................    1545-AI32 
2778        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 
2779        26 USC 0367   Transfers of Stock or Securities by U.S. Persons to Foreign Corporations    1545-AP81 
2780        26 USC 0467   Section 467 Rental Agreements...........................................    1545-AU11 
2781        26 USC 0475   Mark-to-Market Upon Disposition.........................................    1545-AS85 
2782        26 USC 0664   Guidance Regarding Charitable Remainder Trust...........................    1545-AU25 
2783        26 USC 0832   Determination of Earned Premiums........................................    1545-AU60 
2784        26 USC 0861   Classification of Certain Transactions Involving Computer Programs......    1545-AU70 
2785        26 USC 0863   Source of Income From Sales of Inventory Partly From Sources Within a                 
            Possession of the United States.......................................................    1545-AU79 
2786        26 USC 0864   Allocation and Apportionment of Interest Expense and Certain Other                    
            Expenses..............................................................................    1545-AM20 
2787        26 USC 0865   Allocation of Loss on Disposition of Stock..............................    1545-AT41 

[[Page 22467]]

                                                                                                                
2788        26 USC 0904   Application of Section 904 to Income Subject to Separate Limitations and              
            Section 864(e) Affiliated Group Expense Allocation Rules..............................    1545-AQ43 
2789        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 
2790        26 USC 0953   Insurance Income........................................................    1545-AJ70 
2791        26 USC 0985   Rules for a QBU Changing From the Profit-and-Loss Method to DASTM.......    1545-AR28 
2792        26 USC 0985   Change From the Dollar Approximate Separate Transactions Method (DASTM)               
            to the Profit-and-Loss Method of Accounting...........................................    1545-AS68 
2793        26 USC 1275   Inflation-Indexed Securities............................................    1545-AU45 
2794        26 USC 1293   Qualified Electing Fund Elections.......................................    1545-AV39 
2795        26 USC 1295   QEF Shareholder Election................................................    1545-AM41 
2796        26 USC 1441   Regulations Under Section 1441 Regarding the Electronic Transmission of               
            Withholding Certificates..............................................................    1545-AV27 
2797        26 USC 1441   Regulations Under Section 1441 Regarding Withholding on Sales of Debt                 
            Obligations Between Interest Payment Dates............................................    1545-AV41 
2798        26 USC 1502   Consolidated Returns - Limitations on the Use of Certain Losses and                   
            Credits...............................................................................    1545-AV88 
2799        26 USC 3306   FICA Taxation of Certain Deferred Compensation and Salary Reduction                   
            Arrangements..........................................................................    1545-AF97 
2800        26 USC 3306   FUTA Taxation of Amounts Under Employee Benefit Plans...................    1545-AT99 
2801        26 USC 356   Warrants and Nonqualified Preferred Stock................................    1545-AV86 
2802        26 USC 4251   Prepaid Telephone Cards.................................................    1545-AV64 
2803        26 USC 4980B   Continuation Coverage Requirements of Group Health Plans...............    1545-AI93 
2804        26 USC 6061   Voice Signatures........................................................    1545-AQ68 
2805        26 USC 6104   Public Disclosure of Material Relating to Tax-Exempt Organizations......    1545-AV13 
2806        26 USC 6404(e)   Abatement of Interest................................................    1545-AV32 
2807        26 USC 6662   Definition of Reasonable Basis..........................................    1545-AU38 
2808        26 USC 7623   Rewards for Information Relating to Violations of Internal Revenue Laws.    1545-AU85 
2809        26 USC 7701   Treatment of Obligation-Shifting Transactions...........................    1545-AU19 
2810        26 USC 7701   Residence of Trusts and Estates--7701...................................    1545-AU74 
2811        26 USC 7805   Intangible Amortization.................................................    1545-AS77 
2812        26 USC 7805   To Add Provisions Relating to Start-Up Expenditures.....................    1545-AT71 
2813        26 USC 7805   ERISA Sec. 204(h) Notice................................................    1545-AT78 
2814        26 USC 7805   Magnetic Media Filing Requirements......................................    1545-AU08 
2815        26 USC 7805   Estate and Gift Tax Regulation..........................................    1545-AU27 
2816        26 USC 7805   Civil Cause of Action for Certain Unlawful Collection Actions...........    1545-AU68 
2817        26 USC 7805   Tax Attribute Reduction.................................................    1545-AU71 
2818        26 USC 7805   Agreements for Payment of Tax Liabilities in Installments...............    1545-AU97 
2819        26 USC 7805   Return of Partnership Income--Section 6031..............................    1545-AU99 
2820        26 USC 7805   Deposits of Excise Taxes................................................    1545-AV02 
2821        26 USC 7805   Regulations Under Sections 871, 881, and 894 Regarding Payments to                    
            Partnerships, and Other Transparent Arrangements......................................    1545-AV10 
2822        26 USC 7805   Certain Investment Income--7704.........................................    1545-AV15 
2823        26 USC 7805   Treatment of Elective Entity Classification Changes--7701...............    1545-AV16 
2824        26 USC 7805   Recourse Debt and Qualified Nonrecourse Financing.......................    1545-AV17 
2825        26 USC 7805   Permitted Elimination of Pre-Retirement Optional Forms of Benefit.......    1545-AV26 
2826        26 USC 7805   Qualified Long-Term Care Services and Insurance.........................    1545-AV56 
2827        26 USC 7805   EITC Recertification Requirements.......................................    1545-AV62 
2828        26 USC 7805   Election Not to Apply Look-Back Method to Qualified Long-Term Contracts.    1545-AV79 
2829        26 USC 7805   Required Distributions from Qualified Plans and Individual Retirement                 
            Plans.................................................................................    1545-AV82 
2830        26 USC 860   FASIT - Consolidated Groups/Transitional/Start-Up........................    1545-AV59 
2831        26 USC 936   New Lines of Business Prohibited Under Section 936(j)(9)(B)..............    1545-AV67 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2832        26 USC 0079   Section 79, Table I, Update.............................................    1545-AN54 
2833        26 USC 0101   The Treatment of Accelerated Death Benefits Under Sections 101, 7702 and              
            7702A of the Internal Revenue Code....................................................    1545-AQ70 

[[Page 22468]]

                                                                                                                
2834        26 USC 0126   Exclusion From Income of Certain Cost-Sharing Payments Under Government               
            Programs..............................................................................    1545-AT73 
2835        26 USC 0141   Definition of ``Private Activity Bonds''................................    1545-AU98 
2836        26 USC 0141   Private Activity Bond Rules for Output Facilities.......................    1545-AV47 
2837        26 USC 0163   Earnings Stripping Payments.............................................    1545-AO24 
2838        26 USC 0263A   Production of Creative Property........................................    1545-AQ92 
2839        26 USC 0263A   Foreign Taxpayers......................................................    1545-AQ93 
2840        26 USC 0274   Substantiation of Expenses--Receipt Threshold...........................    1545-AT97 
2841        26 USC 0280G   Golden Parachute Payments..............................................    1545-AH49 
2842        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 
2843        26 USC 0367   Treatment of Section 355 Distribution by US Corporations to Foreign                   
            Persons...............................................................................    1545-AU22 
2844        26 USC 0382   Regulations Under Section 382...........................................    1545-AU33 
2845        26 USC 0404A   Income Tax--Deduction for Certain Foreign Deferred Compensation Plans..    1545-AD81 
2846        26 USC 0411   Allocation of Accrued Benefits Between Employer and Employee                          
            Contributions.........................................................................    1545-AT82 
2847        26 USC 0412   Revising the Definition of the Full Funding Limitation for Purposes of                
            the Minimum Funding Requirement for Pension Plans.....................................    1545-AL53 
2848        26 USC 0414   Definition of ``Highly Compensated Employee''...........................    1545-AQ74 
2849        26 USC 0417   Valuation of Plan Distribution..........................................    1545-AT27 
2850        26 USC 0419   Treatment of Funded Welfare Benefit Plans...............................    1545-AG14 
2851        26 USC 0465   Guidance on What Constitutes an Interest Other Than That of a Creditor..    1545-AO32 
2852        26 USC 0469   Limitations on Passive Activity Losses and Credits--Self-Charged Items..    1545-AN64 
2853        26 USC 0482   Intercompany Transfer Pricing for Services..............................    1545-AR32 
2854        26 USC 0501   Section 501(c)(4) Regulation Changes Re: TBOR2..........................    1545-AV57 
2855        26 USC 0643   Inbound Grantor Trusts with Foreign Grantors............................    1545-AU90 
2856        26 USC 0736   Payments to a Retiring Partner or a Deceased Partner's Successor in                   
            Interest..............................................................................    1545-AT31 
2857        26 USC 0842   Foreign Insurance Companies.............................................    1545-AL82 
2858        26 USC 0860F   Extension of Time for Real Estate Mortgage Investment Conduits To                    
            Provide Reporting Information.........................................................    1545-AP73 
2859        26 USC 0860L   FASIT-Consolidated Groups/Transitional Start-up........................    1545-AU94 
2860        26 USC 0861   Fringe Benefit Sourcing Under Section 861...............................    1545-AO72 
2861        26 USC 0861   Charitable Contributions................................................    1545-AP30 
2862        26 USC 0863   Transportation Income Source Rules......................................    1545-AJ68 
2863        26 USC 0864   Treatment of Related Person Factoring Income; Certain Investments in                  
            United States Property; and Stock Redemptions Through Related Corporations............    1545-AH85 
2864        26 USC 0864   Integrated Financial Transaction........................................    1545-AR20 
2865        26 USC 0882   Proposed Regulation Under Sections 882 and 884..........................    1545-AT96 
2866        26 USC 0892   Income of Foreign Governments and International Organizations...........    1545-AL93 
2867        26 USC 0897   Nonrecognition of Corporate Distributions and Reorganizations Under the               
            Foreign Investment in Real Property Tax Act...........................................    1545-AK79 
2868        26 USC 0898   Conforming Taxable Years of CFCs and FPHCs: 1989 Change.................    1545-AO22 
2869        26 USC 0904   Clarification of Treatment of Separate Limitation Losses................    1545-AM11 
2870        26 USC 0924   FSC Transfer Pricing Rules, Distributions, Dividends Received,                        
            Deduction, and Other Special Rules for FSC............................................    1545-AI16 
2871        26 USC 0936   Income Tax--Definition of Qualified Possession Source Investment Income               
            for Purposes of Puerto Rico and Possession Tax Credit.................................    1545-AC10 
2872        26 USC 0936   CBI Investments of Section 936 Funds....................................    1545-AM91 
2873        26 USC 0953   Foreign Insurance Company--Domestic Election............................    1545-AO25 
2874        26 USC 0964   Earnings and Profits of Controlled Foreign Corporations.................    1545-AM90 
2875        26 USC 0964   Use of GAAP Earnings as E&P of Foreign Corporations.....................    1545-AQ55 
2876        26 USC 0987   Computation of a Branch's Taxable Income; Taxation of Exchange Gain or                
            Loss on Branch Remittances............................................................    1545-AM12 
2877        26 USC 0988   Mark-to-Market Method of Accounting Under Section 988...................    1545-AP78 
2878        26 USC 0995   Income Tax--Tax Reform Act of 1984 Relating to Interest Charge DISCs....    1545-AG71 
2879        26 USC 1296   Passive Foreign Investment Companies--Special Rules for Foreign Banks                 
            and Securities Dealers................................................................    1545-AS46 
2880        26 USC 1379e   Qualified Zone Academy Bonds...........................................    1545-AV75 
2881        26 USC 1502   Consolidated Alternative Minimum Tax....................................    1545-AN73 
2882        26 USC 1502   Regulations Under Section 1502..........................................    1545-AU32 
2883        26 USC 1502   Consideration of Repeal of Old 1.1502-13................................    1545-AV54 
2884        26 USC 1503   Applications of Section 1503(d) to Partnerships and Other Items.........    1545-AR26 

[[Page 22469]]

                                                                                                                
2885        26 USC 2032A   Estate Tax--Valuation of Certain Farm, Etc., Real Property.............    1545-AT66 
2886        26 USC 3221   Exception From Supplemental Tax.........................................    1545-AT56 
2887        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 
2888        26 USC 4001   Retail Excise Taxes on Certain Luxury Items.............................    1545-AP24 
2889        26 USC 404A   Application of Grantor Trust Rules to Nonexempt Employees' Trust........    1545-AU29 
2890        26 USC 4082   Diesel Fuel Excise Tax; Dye Injection Systems and Markers...............    1545-AT18 
2891        26 USC 4251   Communications Tax Issues...............................................    1545-AU86 
2892        26 USC 6038   Information Reporting and Record Maintenance Under Section 6038C........    1545-AP10 
2893        26 USC 6039E   Information From Passport and Immigration Applicants...................    1545-AJ93 
2894        26 USC 6046A   6046A--Returns as to Interests in Foreign Partnerships.................    1545-AK75 
2895        26 USC 6048   Section 6048 Regulations................................................    1545-AR25 
2896        26 USC 6205   Interest-Free Adjustments...............................................    1545-AQ61 
2897        26 USC 6302   Railroad Unemployment Repayment Tax.....................................    1545-AN40 
2898        26 USC 7701   Special Rules for S Corps Under 301.7701(b)-7...........................    1545-AS88 
2899        26 USC 7805   Extension of Statute of Limitations in John Doe Summons Disputes........    1545-AM67 
2900        26 USC 7805   Suspension of Running of Period of Limitations During Proceeding To                   
            Enforce Designated Summons............................................................    1545-AQ01 
2901        26 USC 7805   Technical Corrections for Chapter 14....................................    1545-AR49 
2902        26 USC 7805   Straddles--Miscellaneous Issues.........................................    1545-AT46 
2903        26 USC 7805   Effect of the Family and Medical Leave Act on the Operation of Cafeteria              
            Plans.................................................................................    1545-AT47 
2904        26 USC 7805   Amortization-Goodwill Intangibles 197...................................    1545-AT70 
2905        26 USC 7805   Timing of Notice and Consent Requirements...............................    1545-AU05 
2906        26 USC 7805   Nonresident Alien Shareholder; S Corporation Stock......................    1545-AU18 
2907        26 USC 7805   Relief from Disqualification for Plans Accepting Rollovers..............    1545-AU46 
2908        26 USC 7805   Recomputation of Life Insurance Reserves................................    1545-AU49 
2909        26 USC 7805   Taxpayer Identification Numbers (TINs) for Adopted Children.............    1545-AV08 
2910        26 USC 7805   Remedial Amendment Period...............................................    1545-AV22 
2911        26 USC 7805   Electronic Tip Reporting................................................    1545-AV28 
2912        26 USC 7805   TBOR 2 Changes to Section 7805(b).......................................    1545-AV42 
2913        26 USC 7805   Continuity of Interest..................................................    1545-AV81 
2914        26 USC 7811   Taxpayer Assistance Orders..............................................    1545-AU01 
2915        26 USC 7872   Regulations on Income Tax Under the Tax Reform Act of 1984, Relating to               
            Below-Market Loans....................................................................    1545-AH72 
2916        26 USC 0958   Application of Attribution Rules to Foreign Trusts......................    1545-AU91 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2917        26 USC 0042   Available Unit Rule.....................................................    1545-AT60 
2918        26 USC 0044   Disabled Access Credit..................................................    1545-AT72 
2919        26 USC 0059   Section 59(e); Election for Qualified Costs.............................    1545-AU40 
2920        26 USC 0125   Tax Treatment of Cafeteria Plans........................................    1545-AV43 
2921        26 USC 0141   Private Activity Bond Rules for Output Facilities.......................    1545-AV31 
2922        26 USC 0141   Private Activity Rules for Output Facilities............................    1545-AV46 
2923        26 USC 0163   Qualified Residence Interest............................................    1545-AL67 
2924        26 USC 0168   Changes in Use Under Section 168(i)(5)..................................    1545-AJ38 
2925        26 USC 0280B   Demolition of Structures Definitions...................................    1545-AR63 
2926        26 USC 0356   Warrants and Nonqualified Preferred Stock...............................    1545-AV85 
2927        26 USC 0368   Continuity of Interest Requirement in Corporate Reorganizations.........    1545-AU72 
2928        26 USC 0381   Carryovers of Methods of Accounting.....................................    1545-AT38 
2929        26 USC 0446   Hybrid Instruments......................................................    1545-AR13 
2930        26 USC 0453   Installment Obligations Received From Liquidating Corporations..........    1545-AB43 
2931        26 USC 0468   Guidance on Section 468.................................................    1545-AT59 
2932        26 USC 0469   Application of Passive Activity Loss and Credit Limitations to Trusts,                
            Estates, and Their Beneficiaries......................................................    1545-AN62 
2933        26 USC 0471   Inventories by Dealers in Securities Section 1.471-5....................    1545-AS57 

[[Page 22470]]

                                                                                                                
2934        26 USC 0472   Definition of an Item for LIFO..........................................    1545-AT39 
2935        26 USC 0672   Income Taxation of Trusts and Estates...................................    1545-AJ20 
2936        26 USC 0817   Treatment of Modified Guaranteed Contracts..............................    1545-AU58 
2937        26 USC 0905   Section 905(b) Regulations..............................................    1545-AP36 
2938        26 USC 1041   Stock Redemption Incident to Divorce....................................    1545-AT24 
2939        26 USC 1058   Certain Payments Made Pursuant to a Securities Lending Transaction......    1545-AP71 
2940        26 USC 1202   Qualified Small Business Stock..........................................    1545-AU34 
2941        26 USC 1245   Partnerships and Depreciation Recapture.................................    1545-AT32 
2942        26 USC 1276   Disposition Gain Representing Accrued Market Discount Treated as                      
            Ordinary Income; Deferral of Interest Deduction Allocable to Accrued Market Discount..    1545-AH82 
2943        26 USC 1293   Qualified Electing Fund Elections.......................................    1545-AV40 
2944        26 USC 1362   S Corporation Banks Section 1362........................................    1545-AU75 
2945        26 USC 1397e   Qualified Zone Academy Bonds...........................................    1545-AV74 
2946        26 USC 1441   Section 1441 Final Regulations..........................................    1545-AU43 
2947        26 USC 1502   Consolidated Returns--Limitations on the Use of Certain Losses,                       
            Deductions, and Credits...............................................................    1545-AU31 
2948        26 USC 1502   Consolidated Returns--Limitations on the Use of Certain Losses and                    
            Credits...............................................................................    1545-AV30 
2949        26 USC 2055   Reformation of Charitable Transfers--Definition of Guaranteed Annuity                 
            and Lead Unitrust Interest............................................................    1545-AT65 
2950        26 USC 2702   Sale of Residence From Qualified Personal Residence Trust...............    1545-AU12 
2951        26 USC 2805   Private Activity Rules for Output Facilities............................    1545-AU80 
2952        26 USC 4003   Luxury Excise Tax Changes Under OBRA 1993...............................    1545-AS34 
2953        26 USC 4082   Diesel Fuel Tax--1996 Amendment.........................................    1545-AU53 
2954        26 USC 4091   Excise Tax on Aviation Fuel.............................................    1545-AL43 
2955        26 USC 4611   Tax on Petroleum........................................................    1545-AJ23 
2956        26 USC 6011   Time for Filing Form 4720 Return........................................    1545-AU66 
2957        26 USC 6037   Subchapter S Items......................................................    1545-AU78 
2958        26 USC 6114   6114 Reporting Requirements Waived......................................    1545-AP35 
2959        26 USC 6302   Expansion of Form 945...................................................    1545-AU51 
2960        26 USC 7623   Rewards for Information Relating to Violations of Internal Revenue Laws.    1545-AU88 
2961        26 USC 7805   Disclaimer of Interests and Power.......................................    1545-AR52 
2962        26 USC 7805   Debt Instruments With OID; Annuity Contracts............................    1545-AS76 
2963        26 USC 7805   Reissuance of Qualified Tender Bonds....................................    1545-AT09 
2964        26 USC 7805   Reissuance of Qualified Tender Bonds....................................    1545-AT10 
2965        26 USC 7805   Property Distributed in Kind and Treatment of Multiple Trusts...........    1545-AT68 
2966        26 USC 7805   Effective Date of Temporary Backup Withholding Regulations..............    1545-AT77 
2967        26 USC 7805   Modification of Bad Debts and Dealer Assignments of Notional Principal                
            Contracts.............................................................................    1545-AU06 
2968        26 USC 7805   Bond Premium Amortization...............................................    1545-AU09 
2969        26 USC 7805   Definition of Limited Partner for Self-Employment Tax Purposes..........    1545-AU24 
2970        26 USC 7805   Section 468A Revised Schedules of Ruling Amounts........................    1545-AU28 
2971        26 USC 7805   Empowerment Zone Employment Credit......................................    1545-AU30 
2972        26 USC 7805   Extensions of Time to Make Elections....................................    1545-AU42 
2973        26 USC 7805   Tax Treatment of Cafeteria Plans........................................    1545-AU61 
2974        26 USC 7805   Treatment of Warrants as Securities.....................................    1545-AU67 
2975        26 USC 7805   Target Asset and Stock Drops Following Reorganization...................    1545-AU73 
2976        26 USC 7805   Section 42(d)(5) Federal Grants.........................................    1545-AU92 
2977        26 USC 7805   Deposits of Excise Taxes................................................    1545-AV03 
2978        26 USC 7805   Taxpayer Identification Numbers (TINs) for Adopted Children.............    1545-AV09 
2979        26 USC 7805   Proposed Regulations Respecting the Adoption or Change of Accounting                  
            Method................................................................................    1545-AV20 
2980        26 USC 7805   Imported Recycled Halons................................................    1545-AV24 
2981        26 USC 7805   Permitted Elimination of Pre-Retirement Optional Forms of Benefit.......    1545-AV25 
2982        26 USC 7805   Temporary Regulations Regarding the Capitalization of Costs of Producing              
            Property in a Farming Business........................................................    1545-AV37 
2983        26 USC 7805   HIPAA Nondiscrimination Rules...........................................    1545-AV51 
2984        26 USC 7805   HIPAA Mental Health Parity..............................................    1545-AV53 
2985        26 USC 7805   Dispositions of Entire Interests in Passive Activities..................    1545-AV65 
2986        26 USC 7805   Issuing Guidance on Elections...........................................    1545-AV72 
2987        26 USC 7805   Issuing Guidance on Elections...........................................    1545-AV73 
2988        26 USC 7805   Election Not to Apply Look-Back Method to Qualified Long-Term Contracts.    1545-AV78 
2989        26 USC 7805   Continuity of Interest..................................................    1545-AV80 
2990        26 USC 7805   Accounting Changes Qualifying For Section 446(e) Treatment..............    1545-AV93 

[[Page 22471]]

                                                                                                                
2991        26 USC 9801   Group Health Plan Portability, Access, and Renewability Requirements....    1545-AV12 
2992        31 USC 9701   User Fees...............................................................    1545-AV34 
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2993        12 CFR 563f   Management Official Interlocks..........................................    1550-AB07 
2994        12 CFR 574   Agency Disapproval of Directors and Senior Executive Officers............    1550-AB10 
2995        12 CFR 563   Financial Management Policies; Derivative Instruments....................    1550-AB13 
2996        12 CFR 516   Application Processing...................................................    1550-AB14 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
2997        12 CFR 563   Capital Distributions....................................................    1550-AA72 
2998        12 CFR 545   Deposits and Electronic Operations.......................................    1550-AB00 
2999        12 CFR 567   Capital Rules............................................................    1550-AB11 
3000        12 CFR 560   Disclosures for Adjustable-rate Mortgage Loans, Adjustment Notices, and                
            Interest-rate Caps....................................................................    1550-AB12 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3001        12 CFR 566   Liquidity................................................................    1550-AA77 
3002        12 CFR 543   Application Processing...................................................    1550-AA83 
3003        12 CFR 563   Expanded Examination Cycle for Certain Small Insured Institutions........    1550-AB02 
3004        12 CFR 575   Mutual Savings and Loan Holding Companies................................    1550-AB04 
3005        12 CFR 545   Fiduciary Powers of Federal Savings Associations; Community Reinvestment               
            Act...................................................................................    1550-AB09 
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2567. 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 has issued 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's core 
component provides direct assistance to CDFIs that serve their target 
markets through loans, investments and other activities. The CDFI 
Program's intermediary component provides financial assistance to CDFIs 
that provide financing primarily to other CDFIs and/or support the 
information of CDFIs. The CDFI Program's new technical assistance 
component provides technical assistance to CDFIs to enhance their 
capacity through training and/or development. The BEA Program 
encourages insured depository institutions to engage in certain 
development and service activities within distressed communities and to 
make 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.

[[Page 22472]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/19/95                    60 FR 54110
Interim Final Rule Comment 
Period End                      01/15/96
Extended Comment Period End     03/15/96                     61 FR 1699
Final Action                    04/00/98

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)



_______________________________________________________________________




2568. 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.

CFR Citation:  31 CFR 500.704; 31 CFR 515.704

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/03/98                    63 FR 10321
Final Action Effective          04/02/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Benjamin J. Bornstein
Phone: 202 622-2410

RIN: 1505-AA59
BILLING CODE 4810-25-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2569. 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                            05/00/98

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-AA21
_______________________________________________________________________




2570. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS - SUSPICIOUS 
ACTIVITY REPORTING--CASINOS

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 casinos.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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-AA22
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2571. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS - REGISTRATION 
REQUIREMENT FOR CERTAIN NON-BANK FINANCIAL INSTITUTIONS--MONEY SERVICES 
BUSINESSES (MSBS)

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 5330

CFR Citation:  31 CFR 103

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

Abstract: This rule 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                            05/21/97                    62 FR 27890
NPRM Comment Period End         09/30/97
Final Action                    07/00/98

Small Entities Affected: Undetermined

Government Levels Affected: None

[[Page 22473]]

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
_______________________________________________________________________




2572. 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                            09/08/97                    62 FR 47156
NPRM Comment Period End         12/08/97
Final Action                    05/00/98

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
_______________________________________________________________________




2573. 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                    06/00/98

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
_______________________________________________________________________




2574. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS - SPECIAL REPORTING 
AND RECORDKEEPING REQUIREMENTS--MONEY SERVICES BUSINESSES (MSBS)

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 5313; 31 USC 5318

CFR Citation:  31 CFR 103

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/21/97                    62 FR 27909
NPRM Comment Period End         09/30/97
Final Action                    07/00/98

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
_______________________________________________________________________




2575. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS - SUSPICIOUS 
ACTIVITY REPORTING--MONEY SERVICES BUSINESSES (MSBS)

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 5318(g)

CFR Citation:  31 CFR 103

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/21/97                    62 FR 27900
NPRM Comment Period End         09/30/97
Final Action                    07/00/98

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

[[Page 22474]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2576. 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
_______________________________________________________________________




2577. 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
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2578. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING 
AND RECORDKEEPING BY CARD CLUBS

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 103

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/13/98                     63 FR 1919

Small Entities Affected: None

Government Levels Affected: Tribal

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

RIN: 1506-AA18
BILLING CODE 4820-02-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2579. 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 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 and thereby further Treasury's 
requirement to disburse public funds solely by means of electronic 
funds transfer 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                            04/00/98
NPRM Comment Period End         07/00/00

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
_______________________________________________________________________




2580. 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                            06/00/98

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

[[Page 22475]]

415B, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7497

RIN: 1510-AA38
_______________________________________________________________________




2581. 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; 31 USC 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 I                          05/30/97                    62 FR 29314
NPRM II                         04/00/98
Final Rule (NPRM I)             05/00/98

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: 202 874-7573
Fax: 202 874-7534
Email: [email protected]

RIN: 1510-AA45
_______________________________________________________________________




2582. 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 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                            04/00/98

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
_______________________________________________________________________




2583. OFFSET OF FEDERAL BENEFIT PAYMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3716; 31 USC 321

CFR Citation:  31 CFR 285.4

Legal Deadline: None

Abstract: This rule establishes the rules governing the administrative 
offset of benefit payments issued under the Social Security Act (other 
than Supplemental Security Income(SSI)), part B of the Black Lung 
Benefits Act, and any law administered by the Railroad Retirement Board 
(other than the 2 Benefit Payments).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/98

Small Entities Affected: None

Government Levels Affected: Federal

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

RIN: 1510-AA64
_______________________________________________________________________




2584. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL 
BENEFIT PAYMENTS) TO COLLECT PAST-DUE, LEGALLY ENFORCEABLE NONTAX DEBT

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3716; 31 USC 321

CFR Citation:  31 CFR 285.5

Legal Deadline: None

Abstract: This rule governs administrative offset of Federal payments 
by disbursing officials of the United States.

[[Page 22476]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/98

Small Entities Affected: None

Government Levels Affected: Federal

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

RIN: 1510-AA65
_______________________________________________________________________




2585. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL 
BENEFIT PAYMENTS) TO COLLECT PAST-DUE DEBTS OWED TO STATES (OTHER THAN 
CHILD SUPPORT)

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3716; 31 USC 321

CFR Citation:  31 CFR 285.6

Legal Deadline: None

Abstract: This rule governs the administrative offset of Federal 
payments for the collection of debts owed to States, other than debts 
for past-due child support.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/98

Small Entities Affected: None

Government Levels Affected: State

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

RIN: 1510-AA66
_______________________________________________________________________




2586. BARRING DELINQUENT DEBTORS FROM OBTAINING FEDERAL FINANCIAL 
ASSISTANCE IN THE FORM OF LOANS OR LOAN GUARANTEES

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3720B; 31 USC 321

CFR Citation:  31 CFR 285.13

Legal Deadline: None

Abstract: The Debt Collection Improvement Act requires agencies to deny 
loans and loan guarantees to persons with delinquent Federal debts. 
This rule establishes standards for determining whether a debtor is in 
delinquent status and when the delinquency is resolved.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/98

Small Entities Affected: None

Government Levels Affected: Federal

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

RIN: 1510-AA71
_______________________________________________________________________




2587. PUBLIC DISSEMINATION OF IDENTITY OF DELINQUENT DEBTORS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3720E; 31 USC 321

CFR Citation:  31 CFR 285.14

Legal Deadline: None

Abstract: This rule implements the authority provided in the Debt 
Collection Improvement Act for Federal Agencies to publicly disseminate 
information regarding the identity of delinquent debtors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/98

Small Entities Affected: None

Government Levels Affected: Federal

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

RIN: 1510-AA72
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2588. 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                    07/00/98

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 22477]]

_______________________________________________________________________




2589. 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; 12 USC 3102

CFR Citation:  31 CFR 203

Legal Deadline: None

Abstract: This proposed 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. The first revision (NPRM I) will add the 
necessary rules for financial institutions and Federal Reserve Banks 
regarding processing Federal taxes using electronic funds transfer 
mechanisms. The second notice (NPRM II) will seek information on the 
effect of a proposed revision to lift the current restriction on 
Treasury Tax and Loan Depositaries from accepting compensation for 
processing Federal Tax Deposit coupons.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM I                          09/30/96                    61 FR 51186
NPRM I Comment Period End       01/13/97                    61 FR 59211
Final Rule (NPRM I)             04/00/98
NPRM II                         04/00/98

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
_______________________________________________________________________




2590. 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                    10/00/98

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
_______________________________________________________________________




2591. 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; 28 
USC 2517

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 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                    09/00/98

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Wanda Rogers, 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
_______________________________________________________________________




2592. MANAGEMENT OF FEDERAL AGENCY DISBURSEMENTS

Priority:  Other Significant

Legal Authority:  5 USC 301; 31 USC 321; 31 USC 3301-2; 31 USC 3321; 31 
USC 3325; 31 USC 3327-8; 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 (EFT) 
in two phases. First, persons who become

[[Page 22478]]

eligible for Federal payments on or after July 26, 1996 are to receive 
those payments by EFT. The first phase was implemented by interim 
regulations published that date. Second, persons who were receiving 
Federal payments before July 26, 1996 will receive those payments by 
EFT beginning January 2, 1999. A notice of proposed rulemaking to 
implement phase two was published on September 16, 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/26/96                    61 FR 39254
Interim Rule Comment Period End 11/25/96
NPRM                            09/16/97                    62 FR 48714
NPRM Comment Period End         12/16/97
Final Action                    04/00/98

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 Street SW., Room 420, Washington, DC 20227
Phone: 202 874-6657

RIN: 1510-AA56
_______________________________________________________________________




2593. FEDERAL CLAIMS COLLECTION STANDARDS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3701; 31 USC 3711; 31 USC 3717; 31 USC 3718; 
31 USC 3720B; 31 USC 3716

CFR Citation:  31 CFR 900 to 904

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 900-904, 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                            12/31/97                    62 FR 68476
NPRM Comment Period End         03/02/98
Final Action                    09/00/98

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
_______________________________________________________________________




2594. COLLECTION OF PAST-DUE SUPPORT BY ADMINISTRATIVE OFFSET

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 321; 31 USC 3716; EO 13019

CFR Citation:  31 CFR 285.1

Legal Deadline: None

Abstract: This regulation implements provisions in the Debt Collection 
Improvement Act of 1996 and Executive Order 13019 -- Supporting 
Families: Collecting Delinquent Child Support Obligations which 
authorize the offset of Federal non-tax payments to collect delinquent 
child support obligations being enforced by State Governments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/07/97                    62 FR 36205
Final Action                    06/00/98

Small Entities Affected: None

Government Levels Affected: State, Federal

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

RIN: 1510-AA58
_______________________________________________________________________




2595. 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 the foundation for the designation of 
financial institutions as Financial Agents for purposes of implementing 
electronic benefit transfer (``EBT'') for Federal payments. EBT is a 
system of providing access to benefit payments through electronic funds 
transfer to individuals who have not designated an account at a 
financial institution for the receipt of Federal payments. The 
regulation will serve as the basis for designating Financial Agents 
both for direct Federal benefit payments that are required to be made 
electronically pursuant to the Debt Collection Improvement Act of 1996 
and for joint federal-state EBT programs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/09/97                    62 FR 25572
NPRM Comment Period End         07/08/97
Final Action                    04/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Cindy Johnson, Director, Cash Management Policy, 
Department of the Treasury, Financial Management Service, 401 14th St. 
SW., Washington, DC 20227
Phone: 202 874-6657

RIN: 1510-AA59
_______________________________________________________________________




2596. TAXPAYER IDENTIFYING NUMBER REQUIREMENT

Priority:  Substantive, Nonsignificant

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

[[Page 22479]]

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                            09/02/97                    62 FR 46428
NPRM Comment Period End         11/03/97
Final Action                    04/00/98

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 Street SW., 
Washington, DC 20227
Phone: 202 874-7497

RIN: 1510-AA61
_______________________________________________________________________




2597. OFFSET OF TAX REFUND PAYMENTS TO COLLECT PAST-DUE, LEGALLY 
ENFORCEABLE NONTAX DEBT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6402; 31 USC 321; 31 USC 3720A

CFR Citation:  31 CFR 285.2

Legal Deadline: None

Abstract: Effective January 1, 1999, the Department of the Treasury 
will merge the Tax Refund offset program with the centralized 
administrative offset program operated by the Financial Management 
Service, a bureau of the Department of the Treasury. The merger of the 
two offset programs is intended to maximize and improve Treasury's 
Governmentwide collection of delinquent non-tax debt owed to the 
Federal Government.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/25/97                    62 FR 34175
Final Action                    04/00/98

Small Entities Affected: None

Government Levels Affected: Federal

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

RIN: 1510-AA62
_______________________________________________________________________




2598. OFFSET OF TAX REFUND PAYMENTS TO COLLECT PAST-DUE SUPPORT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6402; 31 USC 321; 42 USC 664; EO 13019

CFR Citation:  31 CFR 285.3

Legal Deadline: None

Abstract: Effective January 1, 1999, the Department of the Treasury 
will merge the Tax Refund Offset Program for the collection of past-due 
child support with the centralized Administrative Offset Program 
operated by the Financial Management Service, a Bureau of the 
Department of the Treasury. This merger of the two offset programs is 
intended to maximize and improve the collection of past-due child 
support.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/00/98

Small Entities Affected: None

Government Levels Affected: State, Federal

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

RIN: 1510-AA63
_______________________________________________________________________




2599. ADMINISTRATIVE WAGE GARNISHMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3720D; 31 USC 321

CFR Citation:  31 CFR 285.11

Legal Deadline: None

Abstract: This rule establishes the procedures for Federal agencies to 
garnish the disposable pay of an individual to collect delinquent non-
tax debts owed to the United States. Administrative wage garnishment 
allows Federal agencies to garnish the wages of non-Federal employees 
without first obtaining a court judgement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/21/97                    62 FR 62458
NPRM Comment Period End         12/22/97
Interim Final Rule              06/00/98

Small Entities Affected: None

Government Levels Affected: State, Local, Federal

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

RIN: 1510-AA67
_______________________________________________________________________




2600. TRANSFER OF DEBTS TO TREASURY FOR COLLECTION

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3711; 31 USC 321

CFR Citation:  31 CFR 285.12

Legal Deadline: None

Abstract: This rule describes procedures for Federal agencies to 
transfer all debts, with certain exemptions, which are over 180-days 
delinquent to Treasury or Treasury-designated debt collection centers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/02/98                    63 FR 16354
Interim Final Rule Comment 
Period End                      05/04/98

Small Entities Affected: None

Government Levels Affected: Federal

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

RIN: 1510-AA68
_______________________________________________________________________




2601. OBTAINING TAXPAYER IDENTIFYING NUMBERS FROM PERSONS DOING BUSINESS 
WITH THE GOVERNMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 7701; 31 USC 321

CFR Citation:  31 CFR 285.15

Legal Deadline: None

[[Page 22480]]

Abstract: This rule provides guidance for the implementation of the 
Debt Collection Improvement Act requirement that agencies obtain 
taxpayer identifying numbers from persons doing business with the 
Federal Government.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/00/98

Small Entities Affected: None

Government Levels Affected: Federal

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

RIN: 1510-AA69
_______________________________________________________________________




2602. MATCHING OF FEDERAL EMPLOYEE RECORDS FOR SALARY OFFSET

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 5514

CFR Citation:  31 CFR 285.7

Legal Deadline: None

Abstract: This rule governs the centralized computer matching of 
Federal Employee Records for purposes of salary offset to collect non-
tax delinquent debt owed the Federal Government.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/00/98

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg, Financial Program Specialist, 
Department of the Treasury, Financial Management Service, 401 14th 
Street SW., Washington, DC 20227
Phone: 202 873-6859

RIN: 1510-AA70
_______________________________________________________________________




2603. DEBT SALES

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3711; 31 USC 321

CFR Citation:  31 CFR 285.16

Legal Deadline: None

Abstract: This Rule establishes general procedures and guidelines for 
the sale of non-tax debt that is more than 90-days delinquent.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/00/98

Small Entities Affected: None

Government Levels Affected: Federal

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

RIN: 1510-AA73
BILLING CODE 4810-35-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2604. 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:

California Coastal, CA (David Brokaw)  ANPRM 06/00/98

Chiles Valley, CA (contact Thomas Busey)  NPRM 03/20/98 (63 FR 
13583)  Comment Period End 05/19/98

Davis Mountains, TX (contact Marj Ruhf)  NPRM 05/06/97 (62 FR 
24622)  Comment Period End 07/07/97  Final Rule 03/11/98 (63 FR 11826)

Diablo Grande, CA (contact David Brokaw)  NPRM 06/24/97 (62 FR 
34027)  Comment Period End 08/25/97  Final Rule 07/00/98

Mendocino Ridge, CA (contact David Brokaw)  NPRM 04/07/97 (62 FR 
16502)  Comment Period End 05/22/97  Final Rule 10/27/97 (62 FR 55512)

Oak Knoll District, CA (Joyce Drake)  NPRM 09/00/98

San Francisco Bay, CA (contact David Brokaw)  NPRM 10/20/97 (62 FR 
54399)  Comment Period End 01/20/98  Final Rule 07/00/98

Southeastern New England, NY (David Brokaw)  ANPRM 07/00/98

Yorkville Highlands & Realignment of Mendocino, CA (Marj Ruhf)  NPRM 
07/25/97 (62 FR 39984)  NPRM Comment Period End 09/23/97  Final Rule 
08/00/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1512-AA07
_______________________________________________________________________




2605. EXPORTATION OF LIQUORS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 252

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

[[Page 22481]]

ANPRM                           08/09/96                    61 FR 41500
ANPRM Comment Period End        12/10/96
NPRM                            10/00/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1512-AA98
_______________________________________________________________________




2606. 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                            06/00/98

Small Entities Affected: Businesses

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
_______________________________________________________________________




2607. 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. ATF is 
also requesting comments on the possibility of revising the distilled 
spirits plant recordkeeping requirements to accomplish the Government's 
goals through a system that would be based, as much as possible, on 
proprietors' own recordkeeping methods.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/98

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
_______________________________________________________________________




2608.  NET CONTENTS STATEMENT ON WINE LABELS

Priority:  Substantive, Nonsignificant

Reinventing Government: 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(e)

CFR Citation:  27 CFR 4

Legal Deadline: None

Abstract: Based on a petition it has received, the Bureau of Alcohol, 
Tobacco and Firearms (ATF) is proposing to amend the regulations to 
provide that the net contents statement for wine in containers of less 
than 1 liter may be expressed on the label in centiliters (cl) as an 
alternative to milliliters (ml).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/98

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: 301 927-8230
Fax: 202 927-8602

RIN: 1512-AB70
_______________________________________________________________________



FIREARMS


                    ________________________________



2609. COMMERCE IN EXPLOSIVES (INCLUDING EXPLOSIVES IN THE FIREWORKS 
INDUSTRY)

Priority:  Other Significant

Legal Authority:  5 USC 552(a); 18 USC 847; 18 USC 921 to 930; 18 USC 
1261; 19 USC 1612 to 1613; 19 USC 1618; 26 USC 7101; 26 USC 7322 to 
7326; 31 USC 9301; 31 USC 9303 to 9304; 40 USC 304(k)

CFR Citation:  27 CFR 55

Legal Deadline: None

Abstract: Pursuant to section 610 of the Regulatory Flexibility Act, 
ATF published a notice on January 10, 1997 seeking public comments on 
whether it should revise its regulations codified at 27 CFR part 55, 
governing Commerce in Explosives (Including Explosives in

[[Page 22482]]

the Fireworks Industry). Based on comments received, ATF plans to 
initiate a rulemaking to revise these regulations in 1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

General Notice of Regulatory 
Review                          01/10/97                     62 FR 1386
NPRM                            06/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: James Ficaretta, 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-AB48
_______________________________________________________________________




2610. 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                            06/00/98
Interim Final Rule              06/00/98

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
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2611. 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                    08/00/98

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
_______________________________________________________________________




2612. 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                    06/00/98

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
_______________________________________________________________________




2613. 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.

[[Page 22483]]

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 minor 
technical correction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/31/96                    61 FR 39929
NPRM Comment Period End         09/30/96
Final Action                    06/00/98

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: 202 927-8185
Fax: 202 927-8602

RIN: 1512-AB60
_______________________________________________________________________




2614. 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. Changes to bond calculation are also included in this 
regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/02/97                    62 FR 29681
Interim Final Rule              06/02/97                    62 FR 29663
NPRM Comment Period End         08/01/97
Final Action                    08/00/98

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
_______________________________________________________________________



EXPLOSIVES


                    ________________________________



2615. 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 the chief, law enforcement officer and fire marshal 
of sites where explosives are stored; 2) increase license and permit 
fees; 3) eliminate the manufacturer limited license; 4) amend the 
definitions of ``fireworks'', ``fireworks nonprocess building'', 
``highway'', etc., 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                    06/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Gail Hosey Davis, 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
_______________________________________________________________________




2616. 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
NPRM Comment Period End         05/27/97                     62 FR 8374
Final Action                    06/00/98

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


                    ________________________________



2617. 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.

[[Page 22484]]

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                    06/00/98

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: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB33
_______________________________________________________________________




2618. 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                    06/00/98

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: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB49
_______________________________________________________________________




2619. RESIDENCY REQUIREMENT FOR PERSONS ACQUIRING 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: The temporary rule amends the regulations to provide for a 
firearms purchaser's affirmative statement of his or her State of 
residence on ATF Form 4473 (Firearms Transaction Record) and ATF Form 
5300.35 (Statement of Intent to Obtain a Handgun) in acquiring a 
firearm from a Federal firearms licensee. The temporary rule also 
amends the regulations to require that aliens purchasing a firearm 
provide proof of residency through the use of substantiating 
documentation, such as utility bills or a lease agreement. In addition, 
the regulations are being amended to require that licensees examine a 
photo identification document from aliens purchasing firearms. These 
regulations implement President Clinton's March 5, 1997, announcement 
of firearms initiatives intended to protect the American public from 
gun violence.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/21/97                    62 FR 19446
Interim Final Rule              04/21/97                    62 FR 19442
NPRM Comment Period End         07/21/97
Final Action                    06/00/98

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, Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB66
_______________________________________________________________________




2620. BRADY BILL REGULATIONS - PERMANENT PROVISION

Priority:  Other Significant

Unfunded Mandates: Undetermined

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: This proposed rule implements the provisions of Public Law 
103-159, relating to the permanent instant background check provision 
of the Brady Handgun Violence Prevention Act. The proposed regulations 
implement the law by requiring a licensed firearms importer, 
manufacturer, or dealer to contact the national instant criminal 
background check system (NICS) before transferring any firearm to a 
nonlicensed individual.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/19/98                     63 FR 8379
NPRM Comment Period End         05/20/98
Final Action                    07/00/98

Small Entities Affected: None

Government Levels Affected: Undetermined

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-AB67
_______________________________________________________________________




2621. POSTING OF SIGNS AND WRITTEN NOTIFICATIONS TO PURCHASERS OF 
HANDGUNS

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 522(a); 18 USC 847; 18 USC 921 to 930; 44 USC 
3504(h)

CFR Citation:  27 CFR 178

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms is proposing to 
amend the regulations to require that signs be posted on the premises 
of Federal firearms licensees and that written notifications be issued 
with each handgun sold advising of the Youth Handgun Safety Act, 18 USC 
922(x).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/27/97                    62 FR 45364
NPRM Comment Period End         11/25/97
Final Action                    06/00/98

Small Entities Affected: None

[[Page 22485]]

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-AB68
_______________________________________________________________________



PROCEDURAL


                    ________________________________



2622. 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                    09/00/98

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: 202 927-8220
Fax: 202 927-8602

RIN: 1512-AB11
_______________________________________________________________________




2623. RECODIFICATION OF STATEMENT OF 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                    06/00/98

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)                    Long-Term Actions


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2624. ALCOHOLIC CONTENT LABELING FOR MALT BEVERAGES

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 7

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


Next Action Undetermined

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-AB17
_______________________________________________________________________




2625. 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.

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary Wood
Phone: 202 927-8185
Fax: 202 927-8602

RIN: 1512-AB51
_______________________________________________________________________




2626. 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.

CFR Citation:  27 CFR 20

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Small Entities Affected: Undetermined

[[Page 22486]]

Government Levels Affected: None

Agency Contact: Mary Wood
Phone: 202 927-8185
Fax: 202 927-8602

RIN: 1512-AB57
_______________________________________________________________________




2627. 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.

CFR Citation:  27 CFR 18.56

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 30017
NPRM Comment Period End         08/12/96


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary Wood
Phone: 202 927-8185
Fax: 202 927-8602

RIN: 1512-AB59
_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2628. 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.

CFR Citation:  27 CFR 290

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


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marjorie Ruhf
Phone: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB03
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________




2629. 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.

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 70.428; 27 CFR 250.56

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn further study 
required.                       01/21/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1512-AB40
_______________________________________________________________________




2630. LABELING AND ADVERTISING OF MALT BEVERAGES

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 7; 27 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn further study 
required.                       02/06/98

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-AB45
_______________________________________________________________________




2631. PETITION TO REGULATE USE OF THE TERM MARGARITA, AND TO REGULATE 
USE OF CERTAIN TERMS WITH FLAVORED MALT BEVERAGES

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 5; 27 CFR 7

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn -Petition denied, no 
further regulatory action.      02/02/98

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-AB50
_______________________________________________________________________




2632. PETITION TO LIST JOHANNESBURG RIESLING AS A GRAPE VARIETY NAME

Priority:  Other Significant

CFR Citation:  27 CFR 4.91; 27 CFR 4.92

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn -Petition denied 
without regulatory action.      09/19/97

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-AB69

[[Page 22487]]

_______________________________________________________________________




2633. IMPLEMENTATION OF PUBLIC LAW 103-322, THE VIOLENT CRIME CONTROL 
AND LAW ENFORCEMENT ACT OF 1994

Priority:  Other Significant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/16/98                    63 FR 12643
Final Action Effective          05/15/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1512-AB35
_______________________________________________________________________




2634. 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.

CFR Citation:  27 CFR 53

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/04/98                     63 FR 5727
Final Action Effective          04/06/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marsha Baker
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB42
_______________________________________________________________________




2635. REMOVAL OF RESTRICTIONS ON IMPORTATION OF DEFENSE ARTICLES FROM 
SPECIFIED NEW INDEPENDENT STATES OF THE FORMER SOVIET UNION AND 
YUGOSLAVIA

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 47.52; 27 CFR 47.57

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/17/97                    62 FR 61232
Final Action Effective          11/17/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Larry White
Phone: 202 927-8320
Fax: 202 927-2697

RIN: 1512-AB62
BILLING CODE 4810-31-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2636. 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 is considering what regulatory actions may be 
necessary to 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 12/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ursula Pfeil, 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
Email: [email protected]

RIN: 1557-AB43
_______________________________________________________________________




2637. 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 regulations of the OCC 
and the other Federal banking agencies to conform the regulations 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                            05/00/98

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
Email: [email protected]

RIN: 1557-AB60
_______________________________________________________________________




2638. INTERPRETIVE RULINGS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 7.4001; 12 CFR 7.1012; 12 CFR 7.1017; 12 CFR 
7.2005; 12 CFR 7.2008; 12 CFR 7.2020; 12 CFR 7.3000

Legal Deadline: None

Abstract: The OCC would clarify 12 CFR 7.4001(a) regarding the term 
``not sufficient funds (NSF) fees.'' The OCC also would amend other 
interpretations

[[Page 22488]]

and add new ones to reflect recent developments or otherwise clarify 
provisions in the current rule that have prompted questions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/98

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
Email: [email protected]

RIN: 1557-AB61
_______________________________________________________________________




2639.  ORGANIZATION AND FUNCTIONS, AVAILABILITY AND RELEASE OF 
INFORMATION, CONTRACTING OUTREACH PROGRAM

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a; 12 USC 1867; 12 USC 481

CFR Citation:  12 CFR 4

Legal Deadline: None

Abstract: Current regulations set forth procedures for the OCC to 
disclose information upon receipt of a request for information. The 
proposed rule would amend the OCC's regulations to permit the OCC under 
certain circumstances to use or disseminate information to banks that 
it supervises.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stuart Feldstein, Assistant Director, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB65
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2640. 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 assets; (3) recourse arrangements and 
direct credit substitutes; (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); (5) 
unrealized revaluation gains on certain equity securities; and (6) 
market risk (specific risk). The OCC is conducting all but the last of 
these rulemakings jointly with the other Federal banking agencies. The 
market risk regulation is being done jointly with the FDIC and the FRB.

Timetable:

Collateralized Transactions  NPRM 08/16/96 (61 FR 42565)  Final Rule 
05/00/98

CDRI Section 303 Capital Amendments  NPRM 10/27/97 (62 FR 55686)  Final 
Rule 05/00/98

Market Risk (Specific Risk)  Interim Rule 12/30/97 (62 FR 68064)  Final 
Rule 05/00/98

Recourse: Recourse and Direct Credit Substitutes  ANPRM/NPRM 05/25/94 
(59 FR 27116)  NPRM 11/05/97 (62 FR 59944)  Final Rule 12/00/98

Recourse: Small Business Loans  Interim Rule 09/13/95 (60 FR 
47455)  Final Rule 10/24/97 (62 FR 55490)

Servicing Assets  Interim Rule 08/01/95 (60 FR 39226)  NPRM 08/04/97 
(62 FR 42006)  Final Rule 05/00/98

Unrealized Revaluation Gains on Certain Equity Securities  NPRM 10/27/
97 (62 FR 55682)  Final Rule 06/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Roger Tufts, Senior 
Economic Advisor, Capital Policy Division, (202) 874-5070, 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
Email: [email protected]

RIN: 1557-AB14
_______________________________________________________________________




2641. 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 and the other Federal banking agencies are 
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 asset 
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:

18-Month Exam Cycle for Federal Branches and Federal Agencies  NPRM 12/
00/98

[[Page 22489]]

18-Month Exam Cycle for National Banks  Interim Rule w/Request for 
Comments 02/12/97 (62 FR 6449)  Interim Rule Effective Date 02/12/
97  Effective Date 04/02/98  Final Rule 04/02/98 (63 FR 16378)

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Tenhundfeld, Assistant Director, Department of the 
Treasury, Comptroller of the Currency, 250 E Street SW., Washington, DC 
20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB56
_______________________________________________________________________




2642. INTERNATIONAL LENDING SUPERVISION

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 28

Legal Deadline: None

Abstract: This regulation will update and streamline the requirements 
of OCC rules issued under the International Lending Supervision Act of 
l983 governing allocated transfer risk reserves.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/06/98                    63 FR 16708
NPRM Comment Period End         06/05/98
Final Action                    09/00/98

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
Email: [email protected]

RIN: 1557-AB58
_______________________________________________________________________




2643. 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 is substantively identical to 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                            01/10/98                     63 FR 2640
NPRM Comment Period End         03/17/98
Final Action                    06/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ursula Pfeil, 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
Email: [email protected]

RIN: 1557-AB62
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2644. 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
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Tenhundfeld
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB54
_______________________________________________________________________




2645. TREATMENT OF FINANCIAL CONTRACTS BY OCC-APPOINTED RECEIVERS AND 
CONSERVATORS FOR UNINSURED FINANCIAL INSTITUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  Not yet determined

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
Email: [email protected]

RIN: 1557-AB59

[[Page 22490]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2646. ASSESSMENT OF FEES; NATIONAL BANKS; DISTRICT OF COLUMBIA BANKS

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 8

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Assessment 
Surcharge Final Rule            12/04/97                    62 FR 64135
Final Action Effective          12/31/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Tenhundfeld
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]
Patricia Grady
Phone: 202 874-4460
Fax: 202 874-4555
Email: [email protected]

RIN: 1557-AB41
_______________________________________________________________________




2647. FAIR HOUSING HOME LOAN DATA SYSTEM

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 27

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/02/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Tenhundfeld
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB53
_______________________________________________________________________




2648. 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.

CFR Citation:  12 CFR 32

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/01/98                    63 FR 15744
Final Action Effective          05/01/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Tenhundfeld
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]
Saumya Bhavsar
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB55
_______________________________________________________________________




2649. FIDUCIARY ACTIVITIES OF NATIONAL BANKS

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/09/98                     63 FR 6472
Final Action Effective          03/11/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Andrew Gutierrez
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB63
BILLING CODE 4810-33-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2650. 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                            06/00/98

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, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0162

RIN: 1515-AB54
_______________________________________________________________________




2651. 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 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                            05/00/98

[[Page 22491]]

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, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 927-1060

RIN: 1515-AB60
_______________________________________________________________________




2652. 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                            06/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William Rosoff, Branch Chief, Duty Refund and 
Determination Branch, Department of the Treasury, United States Customs 
Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2077

RIN: 1515-AB66
_______________________________________________________________________




2653. 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                            05/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Atwood, Branch Chief, Intellectual Property Rights 
Branch, Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2330

RIN: 1515-AB74
_______________________________________________________________________




2654. 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                            06/00/98

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, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0119

RIN: 1515-AB76
_______________________________________________________________________




2655. 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                            10/00/98

Small Entities Affected: None

[[Page 22492]]

Government Levels Affected: None

Agency Contact: John Durant, Director, Commercial Rulings Division, 
Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2244

RIN: 1515-AB85
_______________________________________________________________________




2656. 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 engage in the 
transportation of merchandise between points in the United States where 
such transportation is incidental to the immediately prior or 
subsequent engagement of such trucks in international traffic. Any 
movement of these vehicles in the general direction of an export move 
or as part of the return movement of the vehicles in their base country 
shall be considered incidental to the international movement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Glen Vereb, Attorney-Advisor, Entry Procedures and 
Carrier Branch, Department of the Treasury, United States Customs 
Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2320
  
Eileen Kastava, Operations Officer, Office of Field Operations, 
Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0983

RIN: 1515-AB88
_______________________________________________________________________




2657. 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                            05/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Pisani, Attorney, Penalties Branch, Department 
of the Treasury, United States Customs Service, 1300 Pennsylvania Ave. 
NW., Washington, DC 20229
Phone: 202 927-1203

RIN: 1515-AC08
_______________________________________________________________________




2658. CUSTOMS ENTRY DOCUMENTATION PURSUANT TO ANTICOUNTERFEITING 
CONSUMER PROTECTION ACT

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 141

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

Abstract: Document implements section 12 of the Anticounterfeiting 
Consumer Protection Act of 1996 (ACPA) which was enacted by Congress to 
protect consumers and American businesses from counterfeit copyrighted 
and trademarked products. Section 12 of the ACPA concerns the content 
of entry documentation required by Customs to determine whether the 
imported merchandise or its packaging bears an infringing trademark. 
Amendment requires importers to provide on the invoice a listing of all 
trademarks appearing on imported merchandise and its packaging.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Millie Gleason, Customs Officer, Cargo Control and 
Entry Operations, Department of the Treasury, United States Customs 
Service, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927-0625

RIN: 1515-AC15
_______________________________________________________________________




2659. PENALTIES FOR FALSE DRAWBACK CLAIMS

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1592; 19 USC 1593a; 19 
USC 1618; 19 USC 1624

CFR Citation:  19 CFR 162; 19 CFR 171

Legal Deadline: None

Abstract: Amendment sets forth the procedures to be followed when false 
drawback claims are filed and penalties are thereby incurred. Amendment 
implements section 622 of the Customs modernization provisions of the 
North American Free Trade Agreement Implementation Act. Provisions 
track, to the greatest extent possible, the procedures which have been 
set forth for section 592 of the Tariff Act of 1930, as amended.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Harriett Dorn, Attorney, Penalties Branch, Department 
of the Treasury, United States Customs Service, Office of Regulations 
and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1254

RIN: 1515-AC21

[[Page 22493]]

_______________________________________________________________________




2660. REMOTE LOCATION FILING

Priority:  Substantive, Nonsignificant

Reinventing Government: 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 1484; 19 USC 1624; 19 
USC 1641

CFR Citation:  19 CFR 111; 19 CFR 113; 19 CFR 141; 19 CFR 143

Legal Deadline: None

Abstract: Amendment to allow entry filers to electronically file 
entries of merchandise with Customs from locations within the United 
States other than at the port of arrival of the merchandise or the 
location of examination of the merchandise.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Durant, Director, Commercial Rulings Division, 
Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2244

RIN: 1515-AC23
_______________________________________________________________________




2661.  NAFTA PREFERENCE OVERRIDE

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 3314; 19 
USC 3592

CFR Citation:  19 CFR 102

Legal Deadline: None

Abstract: Amendment concerns the North American Trade Agreement (NAFTA) 
preference override provision within the NAFTA Marking Rules set forth 
in part 102 of the Customs Regulations. Amendment would eliminate 
unintended origin and duty consequences under certain circumstances 
where the regulation is applied as a result of a claim for NAFTA 
preference.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Burton Schlissel, Attorney Advisor, Special 
Classification and Marking Branch, Department of the Treasury, United 
States Customs Service, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 927-2310

RIN: 1515-AC25
_______________________________________________________________________




2662.  AUTOMATED CLEARINGHOUSE CREDIT

Priority:  Substantive, Nonsignificant

Reinventing Government: 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 58a; 19 USC 58b; 19 USC 58c; 19 USC 
66; 19 USC 1202; 19 USC 1450; 19 USC 1624; 31 USC 9701

CFR Citation:  19 CFR 24

Legal Deadline: None

Abstract: Amendment to provide for payments of funds to Customs by 
Automated Clearinghouse (ACH) credit. Under ACH credit, a payer will be 
able to transmit its daily statement, deferred tax, or bill payments 
electronically through its financial institution directly to a Customs 
account maintained by the Department of the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ben Robbin, Accountant, Financial Systems Division, 
Department of the Treasury, United States Customs Service, Office of 
Finance, 6026 Lakeside Boulevard, Indianapolis, Indiana 46278
Phone: 317 298-1520

RIN: 1515-AC26
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2663. 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                            03/26/98                    63 FR 14662
NPRM Comment Period End         05/26/98
Final Action                    10/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael L. Smith, Attorney, Intellectual Property 
Rights Branch, Department of the Treasury, United States Customs 
Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2326

RIN: 1515-AB49
_______________________________________________________________________




2664. 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

[[Page 22494]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/30/98                     63 FR 4601
NPRM Comment Period End         03/31/98
Final Action                    11/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Tony Mazzoccoli, Office of Field Operations, Department 
of the Treasury, United States Customs Service, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 927-0564

RIN: 1515-AB59
_______________________________________________________________________




2665. 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         10/17/97                    62 FR 43958
Final Action                    05/00/98

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, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1725

RIN: 1515-AB61
_______________________________________________________________________




2666. 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                    07/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Craig Clark, Attorney, Entry Procedures and Carrier 
Branch, Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2317

RIN: 1515-AB67
_______________________________________________________________________




2667. 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                    05/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeremy Baskin, Attorney-Advisor, Penalties Branch, 
Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington DC 20229
Phone: 202 927-1176

RIN: 1515-AB75
_______________________________________________________________________




2668. RECORDKEEPING REQUIREMENTS

Priority:  Substantive, Nonsignificant

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

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/23/97                    62 FR 19704
NPRM Comment Period End         06/23/97
Final Action                    04/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Stan Hodziewich, Regulatory Auditor, Office of 
Regulatory Audit, Department of the Treasury, United States Customs

[[Page 22495]]

Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0999

RIN: 1515-AB77
_______________________________________________________________________




2669. 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                    05/00/98

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, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1082

RIN: 1515-AB87
_______________________________________________________________________




2670. 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                    05/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Carla Brooks, Automated Export System Team, Department 
of the Treasury, United States Customs Service, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 927-2246

RIN: 1515-AB89
_______________________________________________________________________




2671. 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                    07/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joyce Metzger, Office of Field Operations, Department 
of the Treasury, United States Customs Service, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 927-0792

RIN: 1515-AB97
_______________________________________________________________________




2672. PRIOR DISCLOSURE

Priority:  Substantive, Nonsignificant

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

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1592; 19 USC 1593a; 19 
USC 1624

CFR Citation:  19 CFR 162

Legal Deadline: None

Abstract: Document would amend regulations governing ``prior 
disclosure'' as well as implement a provision of the Customs 
Modernization portion of the North American Free Trade Implementation 
Act (Mod Act) concerning prior disclosure by a person of a violation of 
law committed by that person involving the entry or introduction or 
attempted entry or introduction of merchandise into the United States 
by fraud, gross negligence, or negligence. Pursuant to 19 USC 
1592(c)(4), if a person who commits such a violation discloses the 
circumstances of the violation before, or without knowledge of the 
``commencement of a formal investigation'' of such violation, 
merchandise shall not be seized and any monetary penalty to be assessed 
shall be limited. Amendment would spell out when there is 
``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                    04/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Pisani, Attorney, Penalties Branch, Department 
of the Treasury, United States Customs

[[Page 22496]]

Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1203

RIN: 1515-AB98
_______________________________________________________________________




2673. 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                            07/31/97                    62 FR 40992
NPRM Comment Period End         09/29/97
Final Action                    06/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeremy Baskin, Attorney, Penalties Branch, Department 
of the Treasury, United States Customs Service, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 927-1176

RIN: 1515-AB99
_______________________________________________________________________




2674. 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; 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                            02/02/98                     63 FR 5329
NPRM Comment Period End         04/03/98
Final Action                    09/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeremy Baskin, Attorney, Penalties Branch, Department 
of the Treasury, United States Customs Service, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 927-1176

RIN: 1515-AC01
_______________________________________________________________________




2675. IMPORTATION OF CHEMICALS SUBJECT TO THE TOXIC SUBSTANCES CONTROL 
ACT

Priority:  Substantive, Nonsignificant

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

Legal Authority:  5 USC 301; 15 USC 2601 et seq; 19 USC 66; 19 USC 
1202; 19 USC 1624

CFR Citation:  19 CFR 12

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/09/90                      55 FR 738
NPRM Comment Period End         03/12/90
Final Action                    06/00/98

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, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0192

RIN: 1515-AC04
_______________________________________________________________________




2676. 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              11/17/97                    62 FR 61231
Final Action                    05/00/98

Small Entities Affected: None

Government Levels Affected: None

[[Page 22497]]

Agency Contact: Charles Ressin, Chief, Penalties Branch, Department of 
the Treasury, United States Customs Service, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 927-2344
  
John Atwood, Chief, Intellectual Property Rights Branch, Department of 
the Treasury, United States Customs Service, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 927-2330

RIN: 1515-AC10
_______________________________________________________________________




2677. DESIGNATED LAND BORDER CROSSING LOCATIONS FOR CERTAIN CONVEYANCES

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1431; 19 USC 1433; 19 
USC 1459; 19 USC 1624

CFR Citation:  19 CFR 123

Legal Deadline: None

Abstract: Amendment would allow Customs to designate land border 
crossing locations for certain traffic and merchandise. At ports of 
entry with multiple crossing points, port directors would have express 
authority to require by local instructions that certain trucks and 
other commercial conveyances enter the United States at specific land 
border crossing locations within the port of entry designated for the 
processing and clearance of those conveyances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/17/97                    62 FR 61251
NPRM Comment Period End         01/16/98
Final Action                    05/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ed Schack, Customs Officer, Office of Field Operations, 
Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0251

RIN: 1515-AC12
_______________________________________________________________________




2678. LAND BORDER CARRIER INITIATIVE PROGRAM

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1431; 19 USC 1433; 19 
USC 1448; 19 USC 1484; 19 USC 1624

CFR Citation:  19 CFR 123; 19 CFR 142

Legal Deadline: None

Abstract: Document provides for the Land Border Carrier Initiative 
Program, a program designed to prevent smugglers of illicit drugs from 
utilizing commercial land conveyances for their contraband. The program 
provides for agreements between carriers and Customs in which the 
carrier agrees to increase its security measures and cooperate more 
closely with Customs and Customs agrees to apply special administrative 
provisions pertaining to penalty amounts and expedited processing of 
penalty actions if illegal drugs are found on a conveyance belonging to 
the participating carrier. Further, at certain high risk locations 
along the land border, an importer's use of the Line Release method of 
the processing of entries of merchandise by Customs is conditioned on 
the carriers and drivers carrying that merchandise participating in the 
Land Border Carrier Initiative Program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/97                    62 FR 67765
NPRM Comment Period End         03/02/98
Final Action                    06/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jim Kelly, Customs officer, Anti-Smuggling Division, 
Department of the Treasury, United States Customs Service, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0458

RIN: 1515-AC16
_______________________________________________________________________




2679. PROCEDURAL CHANGE REGARDING AMERICAN SHOOKS AND STAVES

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Amendment to require the submission of a Customs Form 4455, 
Certificate of Registration, rather than a Customs Form 3311, 
Declaration for Free Entry of Returned American Products, when shooks 
and staves produced in the United States are exported from the United 
States with the intention that they will be returned to the United 
States, exempt from duty, in the form of complete boxes or barrels in 
use as usual containers of merchandise. When boxes or barrels made from 
the exported American shooks and staves, for which a CF 4455 has been 
submitted, are imported, the importer of the boxes or barrels must use 
the CF 4455 as well to make such a claim. Shooks and staves produced in 
the United States that are exported and so returned are exempt from 
customs duties provided their identity is established by the proper 
submission of the Customs Form 4455.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Thomas Wygant, Customs Officer, Trade Compliance 
Branch, Department of the Treasury, United States Customs Service, 
Office of Field Operations, 1300 Pennsylvania Avenue,N.W., Washington, 
DC 20229
Phone: 202 927-1167

RIN: 1515-AC18
_______________________________________________________________________




2680. EXPORTATION OF USED MOTOR VEHICLES

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1624; 19 USC 1627a; 19 USC 1646a; 
19 USC 1646c

CFR Citation:  19 CFR 192

Legal Deadline: None

Abstract: Amendment to clarify the intent of Customs Regulations 
relating to the exportation of used self-propelled vehicles. Goal of 
amendments are to provide for uniformity and standardized procedures 
and to more efficiently and effectively deter the export of stolen 
vehicles.

[[Page 22498]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/28/97                    62 FR 55764
NPRM Comment Period End         12/29/97
Final Action                    08/00/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Hugh Austin, Customs Officer, Outbound Process, 
Department of the Treasury, United States Customs Service, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-3735

RIN: 1515-AC19
_______________________________________________________________________




2681.  EMISSIONS STANDARDS FOR IMPORTED NONROAD ENGINES

Priority:  Substantive, Nonsignificant

Reinventing Government: 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 1484; 19 
USC 1624; 42 USC 7522; 42 USC 7601

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment of the Customs Regulations to conform to the 
regulations of the Environmental Protection Agency to include marine 
spark-ignition engines among those imported nonroad engines that are 
subject to compliance with applicable EPA emissions standards.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/98

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, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0192

RIN: 1515-AC28
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2682. 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: None

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0034

RIN: 1515-AA57
_______________________________________________________________________




2683. 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
_______________________________________________________________________




2684. 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
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 Bell
Phone: 202 927-2310

RIN: 1515-AB19
_______________________________________________________________________




2685. 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
_______________________________________________________________________




2686. 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
_______________________________________________________________________




2687. 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

[[Page 22499]]

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Burton Schlissel
Phone: 202 927-1034

RIN: 1515-AB68
_______________________________________________________________________




2688. 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.

CFR Citation:  19 CFR 148

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dennis Sequeira
Phone: 202 927-1480

RIN: 1515-AB92
_______________________________________________________________________




2689. DETERMINATION OF THE COUNTRY OF ORIGIN OF TEXTILES AND TEXTILE 
PRODUCTS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 12

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dick Crichton
Phone: 202 927-0162

RIN: 1515-AC00
_______________________________________________________________________




2690. 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.

CFR Citation:  19 CFR 146

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/14/97                    62 FR 12129
NPRM Comment Period End         04/14/97


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marsha Malbrough
Phone: 202 927-0457

RIN: 1515-AC05
_______________________________________________________________________




2691. PUBLIC DISCLOSURE OF AIRCRAFT MANIFESTS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 103

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lee Kramer
Phone: 202 927-1251

RIN: 1515-AC13
_______________________________________________________________________




2692. ELIMINATION OF CERTIFICATION REQUIREMENT FOR FILM IMPORTERS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 12

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kathy Dapkins
Phone: 202 927-0333

RIN: 1515-AC20
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2693. PUBLICATION OF FILER CODES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 142; 19 CFR 143

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/17/98                    63 FR 12995
Final Action Effective          04/16/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jerry Laderberg
Phone: 202 927-2269

RIN: 1515-AB27
_______________________________________________________________________




2694. DISCLOSURE OF INFORMATION TO INTELLECTUAL PROPERTY RIGHTS OWNERS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 133

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/12/98                    63 FR 11996
Final Action Effective          04/13/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Atwood
Phone: 202 927-2330

RIN: 1515-AB28
_______________________________________________________________________




2695. DRAWBACK

Priority:  Substantive, Nonsignificant

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

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/05/98                    63 FR 10970
Final Action Effective          04/06/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Maryanne Carney
Phone: 212 466-4575
Paul Hegland
Phone: 202 927-1172

RIN: 1515-AB95

[[Page 22500]]

_______________________________________________________________________




2696. GENERAL ENFORCEMENT PROVISIONS; REMOVAL OF AGENCY MANAGEMENT 
REGULATIONS

Priority:  Substantive, Nonsignificant

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

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/11/98                    63 FR 11825
Final Action Effective          03/11/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Nancy Elam
Phone: 202 927-6900

RIN: 1515-AC02
_______________________________________________________________________




2697. BILATERAL CARNET AGREEMENT BETWEEN THE AMERICAN INSTITUTE IN 
TAIWAN AND THE TAIPEI ECONOMIC AND CULTURAL REPRESENTATIVE

Priority:  Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/28/98                     63 FR 4167
Final Action Effective          02/27/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dennis Sequeira
Phone: 202 927-0971

RIN: 1515-AC03
_______________________________________________________________________




2698. 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.

CFR Citation:  19 CFR 118

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/06/98                    63 FR 16683
Final Action Effective          05/06/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bill Kotlowy
Phone: 202 927-1364

RIN: 1515-AC07
_______________________________________________________________________




2699. INCREASE OF MAXIMUM AMOUNT FOR INFORMAL ENTRIES TO $2000

Priority:  Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/03/98                    63 FR 16414
Final Action Effective          07/02/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Linda Walfish
Phone: 202 927-0042
Jerry Laderberg
Phone: 202 927-2320

RIN: 1515-AC11
_______________________________________________________________________




2700.  IMPORT RESTRICTIONS IMPOSED ON ARCHAEOLOGICAL ARTIFACTS 
FROM GUATEMALA

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment to reflect the imposition of import restrictions on 
pre-Columbian culturally significant archaeological artifacts of Maya 
material from the Peten Lowlands, and related pre- Columbian material 
from the Highlands and the Southern coast of Guatemala.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/03/97                    62 FR 51771
Final Action Effective          10/03/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donnette Rimmer, Attorney, Intellectual Property Rights 
Branch, Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Ave. NW., Washington, DC 20229
Phone: 202 927-2273

RIN: 1515-AC24
_______________________________________________________________________




2701.  ADDITION OF HONG KONG TO THE LIST OF NATIONS ENTITLED TO 
SPECIAL TONNAGE TAX EXEMPTION

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 
USC 1434; 19 USC 1624; 46 USC app.3; 46 USC app. 91; 46 USC app. 121; 
46 USC app. 128; 46 USC app. 141

CFR Citation:  19 CFR 4

Legal Deadline: None

Abstract: Amendment to add Hong Kong to the list of nations whose 
vessels are exempt from the payment of any higher tonnage duties in the 
United States than are applicable to vessels of the United States and 
from the payment of light money.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/19/97                    62 FR 66521
Final Action Effective          12/19/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Craig Clark, Attorney Advisor, Entry and Carrier 
Rulings Branch, Department of the Treasury, United States Customs 
Service, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 927-2320

RIN: 1515-AC27
BILLING CODE 4820-02-F

[[Page 22501]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2702. 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 provide rules for excluding research related 
to internal-use software from eligibility for the research credit and 
the exceptions to the exclusion.

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                     04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209494-90 (PS-16-90)
Drafting attorney: Melissa Liquerman (202) 622-3120.
Reviewing attorney: Christine Ellison (202) 622-3120.
Treasury attorney: Mark Hoffenberg (202) 622-0869.
CC:DOM:P&SI

Agency Contact: Melissam Liquerman, 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
_______________________________________________________________________




2703. DETERMINATION OF SECTION 30 CREDIT AND SECTION 179A DEDUCTION

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

Unfunded Mandates: Undetermined

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

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/09/93                    58 FR 32317
NPRM                            04/00/98

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209645-93 (PS-43-93)
Drafting attorney: Winston Douglas (202) 622-3110.
Reviewing attorney: David Haglund (202) 622-3110.
CC:DOM:P&SI

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

RIN: 1545-AR66
_______________________________________________________________________




2704. CORPORATE INVERSION TRANSACTIONS

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 337

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209715-94 (CO-35-94)
Drafting attorney: Kenneth Cohen (202) 622-7790.
Reviewing attorney: Victor Penico (202) 622-7780.
Treasury attorney: Karen Gilbreath (202) 622-1788.
CC:DOM:CORP

Agency Contact: Kenneth Cohen, Senior Technical Reviewer, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-7790
Fax: 202 622-6834

RIN: 1545-AS91
_______________________________________________________________________




2705. PURCHASE PRICE ALLOCATION

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
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 338; 26 USC 1060

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation revises the rules governing purchase 
price allocations in certain asset acquisitions under section 1060 and 
deemed asset acquisitions under section 338. They also revise other 
rules under these sections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Analysis: Regulatory Flexibility Analysis

Additional Information: REG-107069-97
Drafting attorney: Richard Starke (202) 622-7790.
Reviewing attorney: Victor Penico (202) 622-7790.
Treasury attorney: Kevin Anderson (202) 622-1981.
CC:DOM:CORP
REG-209168-86 (CO-191-82) and REG-209161-86 (CO-119-86) were merged 
with this project.

Agency Contact: Richard Starke, Attorney-Advisor, Department of the

[[Page 22502]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7790

RIN: 1545-AV58
_______________________________________________________________________




2706. 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                            12/00/98

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: Charlie Besecky (202) 622-3860.
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
_______________________________________________________________________




2707. 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                            12/00/98

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
_______________________________________________________________________




2708. 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 0468B

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                            04/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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
_______________________________________________________________________




2709. 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(g)

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                            12/00/98

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-253307-96
Drafting attorney: Jo Lynn Ricks (202) 622-3411.

[[Page 22503]]


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
_______________________________________________________________________




2710. TAXATION OF GLOBAL TRADING

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 864; 26 USC 482; 26 USC 863

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations to improve the taxation of global trading.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/28/90                    55 FR 35152
NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-208299-90 (INTL-70-90)
Drafting attorney: Ginny Y. Chung (202) 622-3870.
Reviewing attorney: Paul Epstein (202) 622-3870.
Treasury attorney: Patricia Brown (202) 622-1781.
CC:INTL

Agency Contact: Ginny Y. Chung, 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
_______________________________________________________________________




2711. QUALIFIED STATE TUITION PROGRAMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 529

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance regarding certain reporting 
requirements and transition rules applicable to qualified state tuition 
programs (QSTPs). QSTPs must satisfy requirements relating to 
contributions, refunds, and maintenance of separate accounts for each 
designated beneficiary in the program. In addition, QSTPs must prohibit 
investment direction, the use of any interest in the program as 
security for a loan, excess contributions. The regulations also provide 
guidance concerning these requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: State

Additional Information: REG-106177-97
Drafting attorney: Monice Rosenbaum (202) 622-6070.
Reviewing attorney: James Brokaw (202) 622-6070.
Reviewing attorney: Paul Feinberg (202) 622-6000.
Treasury attorney: Catherine Livingston (202) 622-1343.
Treasury attorney: Clarissa Potter (202) 622-0999.
CC:EBEO

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

RIN: 1545-AV18
_______________________________________________________________________




2712. FOREIGN GRANTOR TRUSTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 679

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209038-89 (INTL-243-89)
Drafting attorney: Willard Yates (202) 622-3880.
Reviewing attorney: Elizabeth Karzon (202) 622-3880.
Completed in error in the October 1995 Unified Agenda.
CC:INTL

Agency Contact: Willard Yates, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washignton, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AO75
_______________________________________________________________________




2713. 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                            04/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Federal

Additional Information: REG-209682-94 (PS-2-94)
Drafting attorney: Terri Belanger (202) 622-3080.
Reviewing attorney: Brian M. Blum (202) 622-3050.
Treasury attorney: Seth Green (202) 622-0865.
CC:DOM:P&SI

Agency Contact: Terri Belanger, Attorney, Department of the Treasury,

[[Page 22504]]

Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-3080

RIN: 1545-AS39
_______________________________________________________________________




2714. 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

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                            12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-253560-96
Drafting attorney: Milton Cahn (202) 622-3870.
Reviewing attorney: Paul Epstein (202) 622-3870.
Treasury attorney: Stuart LaBlang (202) 622-0851.
CC:INTL

Agency Contact: Milton Cahn, 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
_______________________________________________________________________




2715. SOURCE RULES FOR PERSONAL PROPERTY SALES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 865

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules under section 865(d) for 
determining the source of income from sales of personal property. The 
regulation will set forth rules for sales by U.S. residents and non-
residents and specify special rules for depreciable personal property, 
intangibles, sales connected with an office or other fixed place of 
business, and sales of a foreign affiliate by a U.S. corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-208278-86 (INTL-946-86)
Drafting attorney: Seth B. Goldstein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
CC:INTL

Agency Contact: Seth B. Goldstein, 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-AJ83
_______________________________________________________________________




2716. 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. 
This regulation will also provide rules with respect to whether a 
foreign corporation satisfies the ownership requirements of section 
883(c) and the activity requirements of section 883(a).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-208280-86 (INTL-948-86)
Drafting attorney: Patricia A. Bray (202) 622-3880.
Reviewing attorney: Charles Saverude (202) 622-3810.
Treasury attorney: Michael Mundaca (202) 622-1752.
CC:INTL

Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4408

RIN: 1545-AJ57
_______________________________________________________________________




2717.  FOREIGN TAX CREDIT ANTI-ABUSE REGULATION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 901; 26 USC 901(k)(4); 26 USC 
904; 26 USC 864(e)(7); 26 USC 7701(l); 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will disallow foreign tax credits with respect 
to foreign taxes generated in certain arrangements from which the 
reasonably expected economic profits are insubstantial compared to 
expected foreign tax credits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-103445-98
Drafting attorney: Rebecca I. Rosenberg (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Stuart Leblang (202) 622-0851.
CC:INTL

Agency Contact: Rebecca I. Rosenberg, 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-AV97

[[Page 22505]]

_______________________________________________________________________




2718. REMOVAL OF TEMPORARY REGULATIONS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 5c

Legal Deadline: None

Abstract: This document removes obsolete temporary regulations as part 
of the President's Regulatory Reinvention Initiative.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-112648-97
Drafting attorney: Robert Basso (202) 622-4940.
CC:DOM:IT&A

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

RIN: 1545-AV36
_______________________________________________________________________




2719.  SOURCE AND GROUPING RULES FOR FOREIGN SALES CORPORATION 
TRANSFER PRICING

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations would provide source and grouping rules 
for purposes of foreign sales corporation transfer pricing.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-102144-98
Drafting attorney: Elizabeth G. Beck (202) 622-3880.
Reviewing attorney: Steven A. Musher (202) 622-3880.
Treasury attorney: Ann Fisher (202) 622-1755.
CC:INTL

Agency Contact: Elizabeth G. Beck, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4408

RIN: 1545-AV90
_______________________________________________________________________




2720.  SOURCE AND GROUPING RULES FOR FOREIGN SALES CORPORATION 
TRANSFER PRICING

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations would provide source and grouping rules 
for purposes of foreign sales corporation transfer pricing.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulations           12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-102144-98
Drafting attorney: Elizabeth G. Beck (202) 622-3880.
Reviewing attorney: Steven A. Musher (202) 622-3880.
Treasury attorney: Ann Fisher (202) 622-1755.
CC:INTL

Agency Contact: Elizabeth G. Beck, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4408

RIN: 1545-AV91
_______________________________________________________________________




2721. GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance under subpart F with 
regard to transactions involving partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-104537-97
Drafting attorney: Valerie Mark (202) 622-3840.
Reviewing attorney: Maura Sullivan (202) 622-3860.
Treasury attorney: William Morris (202) 622-1779.
CC:INTL

Agency Contact: Valerie Mark, 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-AV11
_______________________________________________________________________




2722. COORDINATION OF PRE-1987 DEEMED PAID TAXES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will state coordination rules for computing 
deemed paid taxes on distributions and deemed distributions of foreign 
corporations' earnings and profits from the same pre-1987 year.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209786-95 (INTL-037-95)
Drafting attorney: M. Grace Fleeman (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
CC:INTL

Agency Contact: M. Grace Fleeman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224

[[Page 22506]]

Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AT85
_______________________________________________________________________




2723. EQUITY OPTIONS WITHOUT STANDARD TERMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1092

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance about the effect of 
equity options without standard terms upon the definition of a 
qualified covered call.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-104641-97
Drafting attorney: Pamela Lew (202) 622-3950.
Reviewing attorney: Alice M. Bennett (202) 622-3950.
Treasury attorney: Clarissa Potter (202) 622-0999.
CC:DOM:FI&P

Agency Contact: Pamela Lew, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3950
Fax: 202 622-4425

RIN: 1545-AV48
_______________________________________________________________________




2724. ELECTING SMALL BUSINESS TRUST

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

Legal Authority:  26 USC 7805; 26 USC 1361; 26 USC 641

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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/98

Small Entities Affected: Businesses

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: Kevin Anderson (202) 622-1981.
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
_______________________________________________________________________




2725. 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 (SBJPA), providing guidance to taxpayers 
in both situations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

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: Seth Green (202) 622-0865.
CC:DOM:P&SI

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

RIN: 1545-AU77
_______________________________________________________________________




2726. TEMPORARY REGULATION ON WITHHOLDING TAX ON PAYMENTS FROM 
PARTNERSHIPS TO FOREIGN PARTNERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1446

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation explains under what circumstances withholding 
is required under section 1446. It also explains the timing of 
withholding and how to pay over the withheld amounts to the Internal 
Revenue Service. Section 1446 was substantially amended by the 
Technical and Miscellaneous Revenue Act of 1988.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209049-86 (INTL-938-86)
Drafting Attorney: Leslie van der Wal (202) 622-3840.
Reviewing Attorney: Phyllis Marcus (202) 622-3840.
CC:INTL

Agency Contact: Leslie van der Wal, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840

[[Page 22507]]

Fax: 202 622-4408

RIN: 1545-AL32
_______________________________________________________________________




2727.  CONSOLIDATED RETURNS - LIMITATIONS ON THE USE OF CERTAIN 
LOSSES AND CREDITS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1502; 26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: This document contains temporary amendments to the effective 
date of recently published TD 8751. TD 8751 governed the use of tax 
credits of a consolidated group and its members.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulations           04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-104005-98
Drafting attorney: Roy Hirschhorn (202) 622-7770.
Reviewing attorney: Charles Whedbee (202) 622-7550.
Treasury attorney: Seth Green (202) 622-0865.

Agency Contact: Roy Hirschhorn, Attorney-advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW., 
Washington, DC 20224
Phone: 202 622-7770
Fax: 202 622-6834

RIN: 1545-AV98
_______________________________________________________________________




2728.  CONSOLIDATED RETURNS - LIMITATIONS ON THE USE OF CERTAIN 
LOSSES AND CREDITS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1502; 26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: This document contains a notice of proposed rulemaking with a 
cross reference to a temporary regulation amending an earlier notice of 
proposed rulemaking. The amendments amend the effective dates of the 
prior notice of proposed rulemaking.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-104005-98
Drafting attorney: Roy Hirschhorn (202) 622-7770.
Reviewing attorney: Charles Whedbee (202) 622-7550.
Treasury attorney: Seth Green (202) 622-0865.

Agency Contact: Roy Hirschhorn, Attorney-advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW., 
Washington, DC 20224
Phone: 202 622-7770
Fax: 202 622-6834

RIN: 1545-AV99
_______________________________________________________________________




2729.  PREPAID TELEPHONE CARDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4251

CFR Citation:  26 CFR 49

Legal Deadline: None

Abstract: Regulations implementation section 1034 of the Taxpayer 
Relief Act of 1997 pertaining to the application of the communications 
excise tax to prepaid telephone calls.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-118620-97
Drafting attorney: Bernard H. Weberman (202) 622-3667.
Reviewing attorney: Richard A. Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:P&SI

Agency Contact: Bernard H. Weberman, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3667

RIN: 1545-AV63
_______________________________________________________________________




2730.  CLARIFICATION OF 4958 EXCISE TAXES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 4958

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: 26 USC 4958 was enacted in section 1311 of Taxpayer Bill of 
Rights 2, P.L. 104-168, 110 Stat. 1452, July 30, 1996. This section 
4958, taxes on excess benefits transactions, is effective for 
transactions occurring after September 13, 1995. The proposed 
regulations will clarify certain definitions and rules contained in 
section 4958.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-246256-96
Drafting attorney: Phyllis D. Haney (202) 622-4290.
Reviewing attorney: Paul G. Accettura (202) 622-6070.
Reviewing attorney: Paul C. Feinberg (202) 622-6000.
Treasury attorney: Catherine E. Livingston (202) 622-1343.
CC:EBEO

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

RIN: 1545-AV60
_______________________________________________________________________




2731. PURCHASING AND REPORTING

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 3406; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will address the information reporting and 
backup withholding requirements for purchases made through a purchasing 
card.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: Undetermined

[[Page 22508]]

Government Levels Affected: Undetermined

Additional Information: REG-105298-97
Drafting attorney: Donna Welch (202) 622-4910.
Reviewing attorney: John Coulter, Jr. (202) 622-4910.
CC:DOM:IT&A

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

RIN: 1545-AV49
_______________________________________________________________________




2732.  ELECTING LARGE PARTNERSHIP ITEMS AND ADJUSTMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6255

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations provide interpretations and rules to 
administer the adjustment mechanism for electing large partnerships 
enacted in P.L. 105-34.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-119744-97
Drafting attorney: Robert Honigman (202) 622-3050.
Reviewing attorney: Dianna Miosi (202) 622-3050.
Treasury attorney:
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-AV76
_______________________________________________________________________




2733.  ELECTING LARGE PARTNERSHIP ITEMS AND ADJUSTMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6255

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide interpretations and rules to 
administer the adjustment mechanism for electing large partnerships 
enacted in P.L. 105-34.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulations           12/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-119744-97
Drafting attorney: Robert Honigman (202) 622-3050.
Reviewing attorney: Dianna Miosi (202) 622-3050.
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-AV77
_______________________________________________________________________




2734.  ELECTRONIC FUNDS TRANSFERS OF FEDERAL DEPOSITS

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

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

Legal Authority:  26 USC 6302

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: To provide rules governing electronic funds transfers of 
federal deposits for after 1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/98

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local, Tribal, Federal

Additional Information: REG-100729-98
Drafting attorney: Vincent Surabian (202) 622-4940.
Treasury attorney: John Parcell (202) 622-2578.

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

RIN: 1545-AV96
_______________________________________________________________________




2735. REVISION OF TAX REFUND OFFSET PROGRAM

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 6402

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Revise the regulations under section 6402 to reflect the 
administration of the tax refund offset program by the financial 
management service.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-104565-97
Drafting attorney: John J. McGreevy (202) 622-4910.
Reviewing attorney: John Coulter (202) 622-4910.
Treasury attorney: Chris Rizek.
CC:DOM:IT&A

Agency Contact: John J. McGreevey, Tax Law Specialist, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-AV50
_______________________________________________________________________




2736.  DUE DILIGENCE FOR EIC (EARNED INCOME CREDIT)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6695

CFR Citation:  26 CFR 1

Legal Deadline:  NPRM, Statutory, December 31, 1998.

Abstract: The regulations would set forth the due diligence 
requirements that paid preparers of federal income tax returns or 
claims for refund that involve the Earned Income Credit must

[[Page 22509]]

meet to avoid imposition of the penalty under section 6695 of the 
Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-120168-97
Drafting Attorney: Celia Gabrysh, (202) 622-4940.

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

RIN: 1545-AW03
_______________________________________________________________________




2737. PASS THROUGH ITEMS OF S CORPORATION TO ITS SHAREHOLDERS

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 deals with the pass through of items of an S 
corporation to its shareholders, the character of those items, and the 
basis limitation on losses and deductions taken into account by the 
shareholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-209446-82 (PS-261-82)
Drafting attorney: Deane Burke (202) 622-3080.
Reviewing attorney: Donna Young (202) 622-3080.
Treasury attorney: Kevin Anderson (202) 622-1981.
CC:DOM:P&SI

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

RIN: 1545-AT52
_______________________________________________________________________




2738. EXCISE TAX ON HEAVY TRUCKS, TRUCK TRAILERS AND SEMITRAILERS, AND 
TRACTORS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations relate to the retailer's excise tax on 
certain heavy vehicles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209364-86 (PS-17-86)
Drafting attorney: Bernard H. Weberman (202) 622-3667.
Reviewing attorney: Jeffrey Nelson (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:P&SI

Agency Contact: Bernard H. Weberman, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3667
Fax: 202 622-4537

RIN: 1545-AT63
_______________________________________________________________________




2739. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 671; 26 USC 6034A; 26 USC 7805

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                            04/00/98

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:P&SI

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
_______________________________________________________________________




2740. PAYMENT FROM THE PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT

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

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: Federal

Additional Information: REG-209815-96 (IA-8-96)
Drafting attorney: Paul E. Tellier (202) 622-4930.
Reviewing attorney: Michael D. Finley (202) 622-4930.
CC:DOM:IT&A

Agency Contact: Paul E. Tellier, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224

[[Page 22510]]

Phone: 202 622-4930

RIN: 1545-AU57
_______________________________________________________________________




2741. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: Federal

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
_______________________________________________________________________




2742. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulations           06/00/98

Small Entities Affected: None

Government Levels Affected: Federal

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
_______________________________________________________________________




2743. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/98

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
_______________________________________________________________________




2744. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-100905-97
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-AU96
_______________________________________________________________________




2745. WITHDRAWAL OF NOTICE OF FEDERAL TAX LIEN

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

[[Page 22511]]

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                            04/00/98

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
_______________________________________________________________________




2746. 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 amended 
section 6343 of the Internal Revenue Code to authorize the Secretary to 
return levied upon property in four enumerated circumstances. The 
regulations set forth the circumstances in which the Secretary may 
return property and procedures to implement section 501(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

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
_______________________________________________________________________




2747. CREDIT FOR INCREASING RESEARCH ACTIVITIES

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 41

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations reflect amendments to section 41 made by the 
Tax Reform Act of 1986, the Revenue Reconciliation Act of 1989, the 
Revenue Reconciliation Act of 1993, and the Small Business Job 
Protection Act of 1996. The proposed regulations will contain new rules 
for amounts paid to research consortia under section 41(b), the trade 
or business requirement of section 41(b), the computation of the credit 
under section 41(c) and (f), the definition of qualified research under 
section 41(d), and the computation of basic research payments under 
section 41(e). The proposed amendments also provide certain technical 
amendments to to the regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-105170-97
Drafting attorney: Lisa Shuman (202) 622-3120.
Reviewing attorney: Christine Ellison (202) 622-3120.
Treasury attorney: Mark Hoffenberg (202) 622-0869.
CC:DOM:P&SI

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

RIN: 1545-AV14
_______________________________________________________________________




2748. CASH ADVANCES OF COMPENSATION TO SERVICE PROVIDERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 451

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations provide rules for distinguishing 
cash advances of compensation, which are includible in the gross income 
of the service provider at the time the cash advances are received, 
from loans, which are excludible from the income of the service 
provider. The regulations provide that cash advances will be includible 
in the service provider's gross income even if they must be repaid upon 
the happening of a condition subsequent. Further, the regulations 
provide a method for service providers to change the method of 
accounting for cash advances, and provide that any section 481(a) 
adjustment that results from the change in method may be included in 
gross income by the service provider over a 4-year spread period if the 
service provider complies with this method.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-103332-97
Drafting attorney: Edward C. Schwartz (202) 622-4960.
Reviewing attorney: William A. Jackson (202) 622-4960.
Treasury attorney: Louise Epstein (202) 622-1778.
CC:DOM:IT&A

[[Page 22512]]



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

RIN: 1545-AV21
_______________________________________________________________________




2749. SECTION 42 MISCELLANEOUS COMPLIANCE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 42

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will address certain compliance issues and 
amend existing administrative error regulations under section 1.42-13.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: State, Local

Additional Information: REG-114664-97
Drafting attorney: Paul Handleman (202) 622-3040.
Treasury attorney: Edwin Oswald (202) 622-1335.
CC:DOM:P&SI

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

RIN: 1545-AV44
_______________________________________________________________________




2750. MARITAL DEDUCTION

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 721

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Valuation of property passing to surviving spouse.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-114663-97
Drafting attorney: Deborah Ryan (202) 622-3090.
Reviewing attorney: Katherine Mellody (202) 622-3090.
Treasury attorney: Beth Kaufman (202) 622-1776.
CC:DOM:P&SI

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

RIN: 1545-AV45
_______________________________________________________________________




2751. HIPAA NEWBORNS' AND MOTHERS' HEALTH PROTECTION ACT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 9833

CFR Citation:  26 CFR 54

Legal Deadline: None

Abstract: These regulations provide guidance to group health plans with 
maternity benefits and to the employers maintaining such plans relating 
to the obligation to provide benefits for a minimum length of hospital 
stay following the birth of a child.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-109708-97
Drafting attorney: Russell Weinheimer (202) 622-6060.
Reviewing attorney: Alan Tawshunsky (202) 622-6000.
Treasury attorney: Kevin Knopf (202) 622-2329.
CC:EBEO
These regulations are related to temporary regulations previously 
published in the Federal Register on April 8, 1997 (REG-253578-96, RIN 
1545-AV05).

Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4695
Fax: 202 622-6834

RIN: 1545-AV52
_______________________________________________________________________




2752. WITHDRAWAL OF PROPOSED REGULATIONS AND TEMPORARY REGULATIONS THAT 
PROVIDE RULES FOR SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS 
OF CONGRESS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 5

Legal Deadline: None

Abstract: This project will remove temporary Income Tax Regulations 
section 5e.274-8 (published as TD 7802 in 47 FR 2986) and NPRM by 
cross-reference to the temporary regulations (published as LR-4-82 in 
47 FR 3006). The regulations provide rules for the substantiation of 
Congress members' travel expenses, and they are currently obsolete.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-105513-97
Drafting attorney: Edwin B. Cleverdon (202) 622-4920.
Reviewing attorney: Robert A. Berkovsky (202) 622-4920.
Reviewing attorney: Linda Kroening (202) 622-4800.
CC:DOM:IT&A

Agency Contact: Edwin B. Cleverdon, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4920

RIN: 1545-AV55
_______________________________________________________________________




2753.  EITC RECERTIFICATION REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations provide guidance to taxpayers who

[[Page 22513]]

have been denied the earned income tax credit (EITC) and wish to claim 
the credit in a subsequent year.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-116608-97
Drafting attorney: Karin Loverud (202) 622-6060.
Reviewing attorney: Paul Feinberg (202) 622-6000.
Treasury attorney: Paul Crispino (202) 622-
CC:EBEO

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

RIN: 1545-AV61
_______________________________________________________________________




2754.  SECTION 707 DISGUISED SALES OF PARTNERSHIP INTEREST

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 707

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The application of section 707 to the transfer of partnership 
interests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-118971-97
Drafting attorney: Daniel J. Coburn (202) 622-3050.
Reviewing attorney: Deborah Harrington (202) 622-3050.
CC:DOM:P&SI

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

RIN: 1545-AV66
_______________________________________________________________________




2755.  SECTION 6038 INFORMATION REPORTING REQUIREMENTS FOR 
FOREIGN PARTNERSHIPS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6038; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Information reporting requirements of 10 percent U.S. 
partners of controlled foreign partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-118966-97
Drafting attorney: Victoria L. Scotto (202) 622-3860.
Reviewing attorney: Maura A. Sullivan (202) 622-3860.
Treasury attorney: William Morris (202) 622-1779.
CC:INTL

Agency Contact: Victoria L. Scotto, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860

RIN: 1545-AV69
_______________________________________________________________________




2756.  SECTION 6038B INFORMATION REPORTING REQUIREMENTS FOR 
TRANSFERS TO FOREIGN PARTNERSHIPS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6038B; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Information reporting requirements of U.S. taxpayers that 
contribute property to a foreign partnership under section 721 or other 
provision.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-118926-97
Drafting attorney: Robert W. Lorence (202) 622-3860.
Reviewing attorney: Maura A. Sullivan (202) 622-3860.
Treasury attorney: William Morris (202) 622-1779.
CC:INTL

Agency Contact: Robert W. Lorence, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3860

RIN: 1545-AV70
_______________________________________________________________________




2757.  KEROSENE TAX

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4082; 26 USC 6427

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: The regulations will describe the kerosene tax, exemptions 
from the kerosene tax and credits or refunds of the kerosene tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-119227-97
Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:P&SI

Agency Contact: Frank Boland, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AV71

[[Page 22514]]

_______________________________________________________________________




2758.  DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE 
CENSUS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6103

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations updating the items of return 
information to be disclosed by Internal Revenue Service personnel to 
the Bureau of the Census. The text of the temporary regulations also 
will serve as the text of cross-referenced proposed regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulations           04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-121806-97
Drafting attorney: Douglas Giblen (202) 622-4570.
Reviewing attorney: Joe Urban (202) 622-4570.
Treasury attorney: Chris Rizek (202) 622-1338.
CC:EL:D

Agency Contact: Douglas Giblen, 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-AV83
_______________________________________________________________________




2759.  DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE 
CENSUS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6103

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Notice of proposed rulemaking to update the items of return 
information to be disclosed by Internal Revenue Service personnel to 
the Bureau of the Census. The text of these proposed regulations will 
be the same as the text of temporary regulations to be published 
concurrently.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-121806-97
Drafting attorney: Douglas Giblen (202) 622-4570.
Reviewing attorney: Joe Urban (202) 622-4570.
Treasury attorney: Chris Rizek (202) 622-1338.
CC:EL:D

Agency Contact: Douglas Giblen, 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-AV84
_______________________________________________________________________




2760.  SUBSTANTIATION OF BUSINESS EXPENSES-USE OF MILEAGE RATES 
TO SUBSTANTIAL AUTOMOBILE EXPENSES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 274(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Clarifies the Commissioner's authority to establish a method 
under which a taxpayer may elect to use mileage rates to determine the 
amount of expenses for the business use of an automobile.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-122488-97
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 M. Crisalli, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-6316

RIN: 1545-AV87
_______________________________________________________________________




2761.  SUBSTANTIATION OF BUSINESS EXPENSES-USE OF MILEAGE RATES 
TO SUBSTANTIATE AUTOMOBILE EXPENSES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 274(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Removes the provisions in section 1.274(d)-1(a)(3) that 
limits the use of mileage rates to substantiate the business use of an 
automobile to the owner of the automobile. Removes the provision in 
section 1.274(d)-1(a)(3) that limits the use of an automobile to the 
owner of the automobile. Clarifies the Commissioner's authority to 
establish a method under which a taxpayer may elect to use mileage 
rates to determine the amount of expenses for the business use of an 
automobile.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulations           04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-122488-97
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 M. Crisalli, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-6316

RIN: 1545-AV89

[[Page 22515]]

_______________________________________________________________________




2762.  DISASTER RELIEF REGULATIONS, SEC. 7508A

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

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

Legal Authority:  26 USC 7508A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance giving taxpayers and the service in the 
presidentially declared disaster areas up to 90 additional days to 
perform certain acts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-101492-98
Drafting attorney: Gita Khadiri (202) 622-4940.
Reviewing attorney: Vincent Surabian (202) 622-4940.
Treasury attorney: Bill Fant (202) 622-1442.

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

RIN: 1545-AV92
_______________________________________________________________________




2763.  MERCHANDISE

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: Define merchandise. Explain need to use inventory accounts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-122333-97
Drafting attorney: Jan Skelton (202) 622-4970.

Agency Contact: Jan Skelton, Attorney-advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW., 
Washington, DC 20224
Phone: 202 622-4970
Fax: 202 622-6316

RIN: 1545-AW00
_______________________________________________________________________




2764.  HIPPA NONDISCRIMINATION RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 9833

CFR Citation:  26 CFR 54

Legal Deadline: None

Abstract: These regulations provide guidance to group health plans and 
to the employers maintaining them regarding the prohibition on 
discriminating against individuals on the basis of a health status 
related factor in eligibility or premiums.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-109707-97
Drafting attorney: Russell Weinheimer (202) 622-4695.
Reviewing attorney: Alan Tawshunsky (202) 622-6000.
Treasury attorney: Bill Bortz (202) 622-1352. CC:EBEO
These regulations are related to temporary regulations previously 
published in the Federal Register on April 8, 1997 (REG-253578-96, RIN 
1545-AV05).

Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4695

RIN: 1545-AW02
_______________________________________________________________________




2765.  NEW LINES OF BUSINESS PROHIBITED UNDER SECTION 
936(J)(9)(B)

Priority:  Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To provide guidance for application of section 936(j)(9)(B) 
and to clarify the meaning of ``substantial new line of business''.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-115446-97
Drafting attorney: Patricia Bray (202) 622-3880.
Reviewing attorney: Jacob Feldman (202) 622-3810.
Treasury attorney: Michael Mundaca (202 622-1752.
CC:INTL

Agency Contact: Patricia Bray, 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-AV68
_______________________________________________________________________




2766. TREATMENT OF CONDUIT FINANCING USING FAST PAY PREFERRED STOCK

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 7701

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will recharacterize multiple-party financing 
transactions involving conduit entities that issue fast-pay preferred 
stock (or other economically self-amortizing securities). To prevent 
the avoidance of tax, the regulations will recharacterize these conduit 
financing transactions, as transactions directly between the holders of 
stock in the conduit entity and the obligors of the assets held by the 
conduit entity. These regulations will be applicable to taxable years 
ending on or after February 27, 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/98

Small Entities Affected: None

[[Page 22516]]

Government Levels Affected: None

Additional Information: REG-104072-97
Drafting attorney: Jonathon Zelnik (202) 622-3940.
Reviewing attorney: Marshall Feiring (202) 622-3930.
Treasury attorney: Clarissa Potter (202) 622-0999.
Treasury attorney: Seth Green (202) 622-0865.
CC:DOM:FI&P

Agency Contact: Jonathon 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-AV07
_______________________________________________________________________




2767. WITHDRAWAL OF PROPOSED REGULATIONS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document withdraws obsolete proposed regulations as part 
of the President's Regulatory Reinvention Initiative.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-112650-97
Drafting attorney: Robert Basso (202) 622-4940.
CC:DOM:IT&A

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

RIN: 1545-AV35
_______________________________________________________________________




2768.  INTEREST ON EDUCATION LOANS

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 221; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance on the deduction of 
interest on education loans under section 221.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-116826-97
Drafting Attorney: John Moriarty (202)622-4950
Reviewing Attorney: Debra Carlisle (202)622-4950
Treasury Attorney: Cathy Livingston (202)622-1343

Agency Contact: John Moriarty, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 627-4950

RIN: 1545-AW01
_______________________________________________________________________




2769.  SECTION 411(D)(6) PROTECTED BENEFITS (TAXPAYER RELIEF ACT 
OF 1997)

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: The proposed regulations will change the existing regulations 
to conform with certain changes made by the Taxpayer Relief Act of 
1997. The proposed regulations will provide rules regarding in kind 
distributions for employee stock ownership plans, and regarding the 
time for making certain plan amendments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Analysis: Regulatory Flexibility Analysis

Additional Information: REG-101363-98
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Marjorie Hoffman (202) 622-6030.
Treasury attorney: Don Wellington (202) 622-1332.

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

RIN: 1545-AV94
_______________________________________________________________________




2770.  SECTION 411(D)(6) PROTECTED BENEFITS (TAXPAYER RELIEF ACT 
OF 1997)

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: The temporary regulations will change the existing 
regulations to conform with certain changes made by the Taxpayer Relief 
Act of 1997. The temporary regulations will provide rules regarding in-
kind distributions for employee stock ownership plans, and regarding 
the time for making certain plan amendments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulations           04/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Analysis: Regulatory Flexibility Analysis

Additional Information: REG-101363-98
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Marjorie Hoffman (202) 622-6030.
Treasury attorney: Don Wellington (202) 622-1332.

Agency Contact: Linda Marshall, Attorney-advisor, Department of the

[[Page 22517]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-6030

RIN: 1545-AV95
  
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2771. 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, October 2, 1997.
Most provisions of the Electronic FOIA Amendments take effect 180 days 
from enactments, i.e. 3/31/97. Sections 7 & 8 take effect 1 year after 
the date of enactment, i.e. 10/2/97.

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

________________________________________________________________________

Statement of Procedural Rules   04/00/98

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
_______________________________________________________________________




2772. 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                     01/02/98                       63 FR 42
Final Action                    12/00/98

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

RIN: 1545-AE41
_______________________________________________________________________




2773. 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                    04/00/98

Small Entities Affected: Undetermined

Government Levels Affected: State, Local, Tribal

Additional Information: REG-110586-97
Drafting attorney: David White (202) 622-3980.
Reviewing attorney: Michael G. Bailey (202) 622-4438.
CC:DOM:FI&P
REG-209836-96 (FI-28-96) was inadvertently closed. It was reopened as 
REG-110586-97.

Agency Contact: David White, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service,

[[Page 22518]]

1111 Constitution Ave. NW., Washington, DC 20024
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU39
_______________________________________________________________________




2774. 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 regulations under section 1.163-1(b)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/93                     58 FR 5316
Final Action                    12/00/98

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: Phyllis E. Marcus (202) 622-3840.
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
_______________________________________________________________________




2775. RULES FOR PROPERTY PRODUCED IN A FARMING BUSINESS

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                            08/22/97                    62 FR 44607
Final Action                    12/00/98

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
NPRMs were issued in 1987 dealing with 263A. The regulations project 
was split into several projects. Since substantial changes are being 
made, another NPRM will be issued with another RIN and project number.

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
_______________________________________________________________________




2776. CERTAIN ASSET TRANSFERS TO A TAX-EXEMPT ENTITY

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 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. This project will develop regulations to 
prevent the circumvention of GU repeal by conversion of for-profit 
corporations to tax-exempt entities and by other transactions involving 
tax-exempt entities.

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                    04/00/98

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Additional Information: REG-209121-89 (CO-14-89)
Drafting attorney: Stephen R. Cleary (202) 622-7530.
Reviewing attorney: Mark S. Jennings (202) 622-7750.
Treasury attorney: Catherine Livingston (202) 622-1343.
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
Fax: 202 622-6834

RIN: 1545-AN21
_______________________________________________________________________




2777. 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 under section 367 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                    12/00/98

Small Entities Affected: None

Government Levels Affected: Federal

Additional Information: REG-209035-86 (INTL-178-86)
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Phil West (202) 622-1762.

[[Page 22519]]


CC:INTL

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

RIN: 1545-AI32
_______________________________________________________________________




2778. 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                    12/00/98

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: Charlie Besecky (202) 622-3860.
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
_______________________________________________________________________




2779. 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 REG-209042-86 (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                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-208165-91 (INTL-54-91)
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Charlie Besecky (202) 622-3860.
CC:INTL

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

RIN: 1545-AP81
_______________________________________________________________________




2780. 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                    04/00/98

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
_______________________________________________________________________




2781. 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

[[Page 22520]]

between mark-to-market accounting and the tax treatment of bad debts. 
Regulations also provide that 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                    04/00/98

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
_______________________________________________________________________




2782. 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                            04/18/97                    62 FR 19072
NPRM Comment Period End         08/19/97
Hearing                         11/18/97                    62 FR 53588
Final Action                    12/00/98

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, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3070

RIN: 1545-AU25
_______________________________________________________________________




2783. 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                    04/00/98

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: 202 622-3970

RIN: 1545-AU60
_______________________________________________________________________




2784. 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                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-251520-96
Drafting attorney: Anne Shelburne (202) 622-3880.
Reviewing attorney: Steven Musher (202) 622-3880.
Treasury attorney: Philip West (202) 622-1762.
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: 202 622-4408

RIN: 1545-AU70
_______________________________________________________________________




2785. 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; 26 USC 936(h)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations would provide rules for determining the source of 
income for property produced (in whole or in part) in the United States 
and sold in a possession of the United

[[Page 22521]]

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                            10/10/97                    62 FR 52953
Final Action                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-251985-96
Drafting attorney: Anne Shelburne (202) 622-3880.
Reviewing attorney: Steven Musher (202) 622-3880.
Treasury attorney: Philip West (202) 622-1762.
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
_______________________________________________________________________




2786. 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                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-208267-86 (INTL-952-86)
Drafting attorney: David F. Bergkuist (202) 622-3850.
Reviewing attorney: Charles Saverude (202) 622-3810.
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: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AM20
_______________________________________________________________________




2787. 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                    12/00/98

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: Stuart LeBlang (202) 622-0851.
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
_______________________________________________________________________




2788. 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 income tax regulations relating to 
affiliated group expense allocation rules of section 864(e)(5) and (6). 
In addition, the regulations change 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                    12/00/98

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-209527-92 (INTL-001-92)
Drafting attorney: Seth B. Goldstein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
CC:INTL

Agency Contact: Seth B. Goldstein, 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
_______________________________________________________________________




2789. 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

[[Page 22522]]

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                    12/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209020-86 (INTL-061-86)
Drafting attorney: Joan Thomsen (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
CC:INTL

Agency Contact: Joan Thomsen, 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
_______________________________________________________________________




2790. 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                    12/00/98

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: Patricia Brown (202) 622-1781.
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
_______________________________________________________________________




2791. 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                    12/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-209572-92 (INTL-045-92)
Drafting attorney: Howard Wiener (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
CC:INTL

Agency Contact: Howard Wiener, 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
_______________________________________________________________________




2792. 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 
(QBUs) whose currency is no longer hyperinflationary including any 
necessary adjustment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/25/94                    59 FR 37733
Final Action                    12/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-209727-92 (INTL-066-92)
Drafting attorney: Howard Wiener (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
CC:INTL

Agency Contact: Howard Wiener, 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
_______________________________________________________________________




2793. INFLATION-INDEXED SECURITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1275; 26 USC 1286

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/06/97                      62 FR 694
Hearing                         04/30/97                      62 FR 694
Final Action                    04/00/98

Small Entities Affected: None

Government Levels Affected: None

[[Page 22523]]

Additional Information: REG-242996-96
Reviewing attorney: William E. Blanchard (202) 622-3950.
Treasury attorney: Jeffrey W. Maddrey (202) 622-1339.
CC:DOM:FI&P

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

RIN: 1545-AU45
_______________________________________________________________________




2794. QUALIFIED ELECTING FUND ELECTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1293; 26 USC 1295

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide guidance to shareholders of passive foreign 
investment companies for making timely or retroactive elections under 
section 1295 to treat the passive foreign investment companies as 
qualified electing funds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/98                       63 FR 39
NPRM Comment Period End         04/02/98                       63 FR 41
Final Action                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-115795-97
Drafting attorney: Gayle Novig (202) 622-3840.
Reviewing attorney: Philip Garlett (202) 622-3840.
Treasury attorney: Stuart Leblang (202) 622-0851.
CC:INTL
This proposed regulation contains different sections than proposed 
regulation issued under RIN 1545-AM41 in December 1996.

Agency Contact: Gayle Novig, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840

RIN: 1545-AV39
_______________________________________________________________________




2795. 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
Final Action                    12/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209040-88 (INTL-579-88)
Drafting attorney: Gayle Novig (202) 622-3840.
Reviewing attorney: Philip Garlett (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: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AM41
_______________________________________________________________________




2796. REGULATIONS UNDER SECTION 1441 REGARDING THE ELECTRONIC 
TRANSMISSION OF WITHHOLDING CERTIFICATES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  26 USC 7805; 26 USC 6061; 26 USC 1441

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation pertains to the guidance for the electronic 
transmission of withholding certificates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/14/97                    62 FR 53504
Final Action                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-107872-97
Drafting attorney: Lilo Hester (202) 622-3840.
Reviewing attorney: Phil Garlett (202) 622-3840.
CC:INTL

Agency Contact: Lilo Hester, Attorney-Adviser, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4408

RIN: 1545-AV27
_______________________________________________________________________




2797. REGULATIONS UNDER SECTION 1441 REGARDING WITHHOLDING ON SALES OF 
DEBT OBLIGATIONS BETWEEN INTEREST PAYMENT DATES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1441

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance relating to withholding on sales of debt obligations 
between interest payment dates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/14/97                    62 FR 53503
Final Action                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-114000-97
Drafting attorney: Lilo Hester (202) 622-3840.
Reviewing attorney: Philip Garlett (202) 622-3840.
CC:INTL

Agency Contact: Lilo Hester, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840

RIN: 1545-AV41

[[Page 22524]]

_______________________________________________________________________




2798.  CONSOLIDATED RETURNS - LIMITATIONS ON THE USE OF CERTAIN 
LOSSES AND CREDITS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1502; 26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulations govern the use of tax credits by a 
consolidated group and its members.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/12/98                     63 FR 1803
NPRM Comment Period End         04/13/98
Final Action                    11/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-104062-97
Drafting attorney: Roy Hirschhorn (202) 622-7770.
Reviewing attorney: Charles Whedbee (202) 622-7550.
Treasury attorney: Seth Green (202) 622-0865.
CC:DOM:CORP

Agency Contact: Roy Hirschhorn, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7770
Fax: 202 622-6834

RIN: 1545-AV88
_______________________________________________________________________




2799. 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
NPRM Comment Period End         04/24/96
Hearing                         06/24/96                    61 FR 20767
Second NPRM                     12/24/97                    62 FR 67304
Final Action                    04/00/98

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: Janine Cook, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6040

RIN: 1545-AF97
_______________________________________________________________________




2800. 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
Hearing                         06/24/96                     61 FR 2214
Second NPRM                     12/24/97                    62 FR 67304
Final Action                    04/00/98

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

Agency Contact: Janine Cook, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224
Phone: 202 622-6040

RIN: 1545-AT99
_______________________________________________________________________




2801.  WARRANTS AND NONQUALIFIED PREFERRED STOCK

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0721

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation is intended to prevent avoidance of the 
special rule for nonqualified preferred stock under section 1014 of the 
Tax Relief Act of 1997. Section 1.356-3 of the Income Tax Regulations 
is amended to provide that, as a general rule, the term ``stock or 
securities'' does not include nonqualified preferred stock, or a right 
to acquire such preferred stock, where the stock or right is received 
in exchange for stock or a right to acquire stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/06/98                      63 FR 453
NPRM Comment Period End         04/06/98
Hearing                         05/05/98                      63 FR 453
Final Action                    06/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-121755-97
Drafting attorney: Michael Danbury (202) 622-7978.
Reviewing attorney: Bernita Thigpen (202) 622-7720.
Treasury attorney: Seth Green (202) 622-0865.
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-AV86
_______________________________________________________________________




2802.  PREPAID TELEPHONE CARDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4251

CFR Citation:  26 CFR 49

[[Page 22525]]

Legal Deadline: None

Abstract: Regulations section 1034 of the Taxpayer Relief Act of 1997 
pertaining to the application of the communications excise tax to 
prepaid telephone cards.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulations           04/00/98

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-118620-97
Drafting attorney: Bernard H. Weberman (202) 622-3665.
Reviewing attorney: Richard A. Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:P&SI

Agency Contact: Bernard H. Weberman, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3667

RIN: 1545-AV64
_______________________________________________________________________




2803. 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                    52 FR 22716
Second NPRM                     01/07/98                      63 FR 708
Final Action                    04/00/98

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
_______________________________________________________________________




2804. VOICE SIGNATURES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6061; 26 USC 6012

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will enable the Service to accept a voice 
signature in lieu of a handwritten signature. This will allow the 
Service to test the feasibility of voice signatures for one year with 
certain taxpayers who live in the geographic area of the Cincinnati 
district office. The regulations also address the effect of a taxpayer 
using a voice signature.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/13/93                     58 FR 4125
Final Action                    07/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209789-95 (IA-39-95)
Drafting attorney: Beverly A. Baughman (202) 622-4940.
Reviewing attorney: Peter Frederick (202) 622-4940.
CC:DOM:IT&A

Agency Contact: Beverly A. Baughman, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-6316

RIN: 1545-AQ68
_______________________________________________________________________




2805. PUBLIC DISCLOSURE OF MATERIAL RELATING TO TAX-EXEMPT ORGANIZATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6104

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations affect tax-exempt organizations, and 
generally require a tax-exempt organization to make its annual 
information returns and its application for tax-exemption available for 
public inspection. In addition, the regulations require tax-exempt 
organizations to comply with requests made in writing or in person from 
individuals who seek a copy of those documents.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/26/97                    62 FR 50533
NPRM Comment Period End         12/26/97
Final Action                    04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-246250-96
Drafting attorney: Michael Blumenfeld (202) 622-6070.
Reviewing attorney: Paul Feinberg (202) 622-6000.
Treasury attorney: Catherine E. Livingston (202) 622-1343.
CC:EBEO

Agency Contact: Michael Blumenfeld, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-6070
Fax: 202 622-3912

RIN: 1545-AV13
_______________________________________________________________________




2806. ABATEMENT OF INTEREST

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations relate to the abatement of interest 
attributable to unreasonable errors or delays by an officer or employee 
of the Internal Revenue Service in performing a ministerial or 
managerial act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/98                     63 FR 1086
NPRM Comment Period End         04/08/98
Final Action                    06/00/98

[[Page 22526]]

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209276-87
Drafting attorney: David Auclair (202) 622-4910.
Reviewing attorney: Rochelle Hodes (202) 622-4910.
Treasury attorney: Chris Rizek (202) 622-1338.
CC:DOM:IT&A

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

RIN: 1545-AV32
_______________________________________________________________________




2807. DEFINITION OF REASONABLE BASIS

Priority:  Substantive, Nonsignificant

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                    05/00/98

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-209792-95 (IA-42-95)
Drafting attorney: Beverly Baughman (202) 622-4940.
Reviewing attorney: Peter Frederick (202) 622-4940.
Treasury attorney: Christopher Rizek (202) 622-1338.
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
Fax: 202 622-6316

RIN: 1545-AU38
_______________________________________________________________________




2808. 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: The regulations relate to rewards for information that leads 
to detection and punishment of violations of civil and criminal 
Internal Revenue Laws. They also reflect changes to relevant laws made 
by TBOR2 and regulate rewards for information that leads to the 
detection and punishment of violations of civil and criminal Internal 
Revenue Laws.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/14/97                    62 FR 53274
NPRM Comment Period End         01/12/98                    62 FR 53230
Final Action                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-252936-96
Drafting attorney: Judith Lintz (202) 622-4940.
Reviewing attorney: Robert Basso (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
_______________________________________________________________________




2809. 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 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
Final Action                    06/00/98

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: Bill Coppersmith (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
_______________________________________________________________________




2810. RESIDENCE OF TRUSTS AND ESTATES--7701

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 7701

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These 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                            06/05/97                    62 FR 30796
NPRM Comment Period End         08/04/97
Final Action                    04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-251703-96
Drafting attorney: James A. Quinn (202) 622-3060.

[[Page 22527]]


Drafting attorney: Eliana Dolgoff (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.
Treasury attorney: Beth Kaufman (202) 622-1766.
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
_______________________________________________________________________




2811. 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                    06/00/98

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

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
_______________________________________________________________________




2812. 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                            01/13/98                     63 FR 1933
NPRM Comment Period End         06/02/98
Final Action                    12/00/98

Small Entities Affected: Businesses

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
_______________________________________________________________________




2813. ERISA SEC. 204(H) NOTICE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance on the requirement of 
section 204(h) of ERISA that advance notice be given to qualified plan 
participants of an amendment that provides for a significant reduction 
in the rate of future benefit accruals.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/15/95                    60 FR 64401
Final Action                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209782-95 (EE-34-95)
Drafting attorney: Betty Clary (202) 622-6070.
Reviewing attorney: Alan Tawshunsky (202) 622-6000.
CC:EBEO

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

RIN: 1545-AT78
_______________________________________________________________________




2814. 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:  Final, Statutory, October 10, 1999.
Section 7805(e) provides that any temporary regulation shall expire 3 
years after the date of issuance.

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/10/96                    61 FR 53161
Final Action                    12/00/98

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.

[[Page 22528]]


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
_______________________________________________________________________




2815. ESTATE AND GIFT TAX REGULATION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: This regulation relates to the final estate tax marital 
deduction regulations that were published on March 1, 1994, in the 
Federal Register (59 FR 9642). The changes are made to conform the 
final estate tax regulations to recent court decisions in Estate of 
Clayton v Commissioner 97 T.C. 327 (1991), rev'd 976 F. 2d 1986 (5th 
Cir. 1992), Estate of Roberston v Commissioner, 98 T.C. 678 (1992), 
rev'd 15 F. 3d 779 (8th Cir. 1994), Estate of Spencer v Commissioner, 
T.C. Memo 1992-579, rev'd, 43 F. 3d 226 (6th Cir. 1995) and Estate of 
Clack v Commissioner, 106 T.C. 131 (1996).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/18/97                     62 FR 7188
Hearing                         06/03/97                     62 FR 7188
Final Action                    04/00/98

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209830-96 (PS-23-96)
Drafting attorney: Susan B. Hurwitz (202) 622-3090.
Reviewing attorney: Katherine A. Mellody (202) 622-3090.
Treasury attorney: Beth Kaufman (202) 622-1766.
CC:DOM:P&SI

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

RIN: 1545-AU27
_______________________________________________________________________




2816. 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 regulations raise the cap on damages under section 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                            12/31/97                    62 FR 68242
Final Action                    04/00/98

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
_______________________________________________________________________




2817. TAX ATTRIBUTE REDUCTION

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The 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                         05/29/97                    62 FR 12582
Final Action                    12/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Analysis: Regulatory Flexibility Analysis

Additional Information: REG-208172-91
Drafting attorney: Sharon Hall (202) 622-4930.
Reviewing attorney: Christopher F. Kane (202) 622-4930.
Reviewing attorney: Linda Kroening (202) 622-4800.
CC:DOM:IT&A

Agency Contact: Sharon Hall, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4930
Fax: 202 622-6316

RIN: 1545-AU71
_______________________________________________________________________




2818. 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 regulations reflect the amendment of IRC section 6159 
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                            12/31/97                    62 FR 68241
Final Action                    04/00/98

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

[[Page 22529]]

_______________________________________________________________________




2819. RETURN OF PARTNERSHIP INCOME--SECTION 6031

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To provide guidance regarding partnership returns, to revise 
exceptions to partnership filing requirement, especially as it applies 
to foreign partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/26/98                     63 FR 3677
NPRM Comment Period End         04/27/98
Final Action                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-209322-82
Drafting attorney: Martin Schaffer (202) 622-3080.
Drafting attorney: Christopher Kelley (202) 622-3080.
Reviewing attorney: William O'Shea (202) 622-3070.
Treasury attorney: James Sowell (202) 622-5721.
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
_______________________________________________________________________




2820. 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                            12/29/97                    62 FR 67589
NPRM Comment Period End         03/30/98
Final Action                    12/00/98

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
_______________________________________________________________________




2821. REGULATIONS UNDER SECTIONS 871, 881, AND 894 REGARDING PAYMENTS TO 
PARTNERSHIPS, AND OTHER TRANSPARENT ARRANGEMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 871; 26 USC 881; 26 USC 894

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance for imposing tax liability on foreign persons 
deriving US source income through partnerships or other transparent 
arrangements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/02/97                    62 FR 35755
Final Action                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-104893-97
Drafting attorney: Trina L. Dang (202) 622-3880.
Reviewing attorney: Elizabeth Karzon (202) 622-3880.
Treasury attorney: Stuart Leblang (202) 622-1755.
CC:INTL

Agency Contact: Trina L. Dang, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880

RIN: 1545-AV10
_______________________________________________________________________




2822. CERTAIN INVESTMENT INCOME--7704

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7704; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provides guidance on the definition of ``qualifying income'' 
for purposes of section 7704.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/19/97                    62 FR 66575
NPRM Comment Period End         03/19/98
Final Action                    07/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-105163-97
Drafting attorney: Christopher Kelley (202) 622-3080.
Reviewing attorney: William O'Shea (202) 622-3070.
Treasury attorney: James Sowell (202) 622-5721).
CC:DOM:P&SI

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

RIN: 1545-AV15
_______________________________________________________________________




2823. TREATMENT OF ELECTIVE ENTITY CLASSIFICATION CHANGES--7701

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 7701

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

Legal Deadline: None

Abstract: This regulation describes the treatment of conversions by 
election from partnership to corporation and from corporation to 
partnership.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/28/97                    62 FR 55768
NPRM Comment Period End         01/26/98
Final Action                    09/00/98

Small Entities Affected: Undetermined

[[Page 22530]]

Government Levels Affected: None

Additional Information: REG-105162-97
Drafting attorney: Ann Veninga (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.
Treasury attorney: Jim Sowell (202) 622-0685.
CC:DOM:P&SI

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

RIN: 1545-AV16
_______________________________________________________________________




2824. RECOURSE DEBT AND QUALIFIED NONRECOURSE FINANCING

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 465

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation covers two issues regarding qualified 
nonrecourse financing under section 465(b)(6). First, whether financing 
satisfies the nonrecourse requirement under 465(b)(6) when it is 
recourse to a limited liability company? Second, if financing is 
secured by real property and other property used in the activity of 
holding real property, can the financing be qualified nonrecourse 
financing under section 465(b)(6)?

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/13/97                    62 FR 43295
NPRM Comment Period End         11/19/97                    62 FR 43296
Final Action                    08/00/98

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: REG-105160-97
Drafting attorney: Jeffrey Erickson (202) 622-3070.
Reviewing attorney: Bill O'Shea (202) 622-3070.
Treasury attorney: Jim Sowell (202) 622-0685.
CC:DOM:P&SI

Agency Contact: Jeffrey A. Erickson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3070

RIN: 1545-AV17
_______________________________________________________________________




2825. PERMITTED ELIMINATION OF PRE-RETIREMENT OPTIONAL FORMS OF BENEFIT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 411

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The required beginning date under section 401(a)(9) was 
changed by the Small Business Jobs Protection Act for employees other 
than 5 percent owners from April 1, following the calendar year in 
which the employee attains age 70 1/2 to the later of that date or 
April 1, following the calendar year in which the employee retires. The 
regulation will address the extent to which pre-retirement optional 
forms of benefit provided to satisfy section 401(a)(9) prior to 
amendment by SBJPA may be eliminated.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/02/97                    62 FR 35752
Final Action                    04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-107644-97
Drafting attorney: Cheryl Press (202) 622-6030.
Reviewing attorney: Marjorie Hoffman (202) 622-6030.
Treasury attorney: Donald Wellington (202) 622-1332.
CC:EBEO

Agency Contact: Cheryl Press, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-6030
Fax: 202 622-4631

RIN: 1545-AV26
_______________________________________________________________________




2826. QUALIFIED LONG-TERM CARE SERVICES AND INSURANCE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 213; 26 USC 7702B

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project will provide guidance relating to the 
excludability from income of proceeds received under a qualified long-
term care insurance contract and the deductibility of qualified long-
term care expenses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/98                       63 FR 35
Hearing                         05/13/98                       63 FR 35
Final Action                    12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-109333-97
Drafting attorney: Katherine A. Hossofsky (202) 622-3970.
Reviewing attorney: Mark Smith (202) 622-3970.
Treasury attorney: William Bortz (202) 622-1352.
CC:DOM:FI&P

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

RIN: 1545-AV56
_______________________________________________________________________




2827.  EITC RECERTIFICATION REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations provide guidance to taxpayers who 
have been denied the earned income tax credit (EITC) and wish to claim 
the credit in a subsequent year.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulations           04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-116608-97
Drafting attorney: Karin Loverud (202) 622-6060.
Reviewing attorney: Paul Feinberg (202) 622-6000.
CC:DOM:EBEO

[[Page 22531]]



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

RIN: 1545-AV62
_______________________________________________________________________




2828.  ELECTION NOT TO APPLY LOOK-BACK METHOD TO QUALIFIED LONG-
TERM CONTRACTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation requires taxpayers to attach a notification 
statement to their returns when they elect not to apply the look-back 
method to long-term contracts in de minimis cases.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/13/98                     63 FR 1932
Final Action                    04/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Analysis: Regulatory Flexibility Analysis

Additional Information: REG-120200-97
Drafting attorney: Leo Nolan II (202) 622-4960.
Reviewing attorney: Robert M. Casey (202) 622-4960.
Treasury attorney: Kevin Anderson (202) 622-1981.
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: 202 622-4960

RIN: 1545-AV79
_______________________________________________________________________




2829.  REQUIRED DISTRIBUTIONS FROM QUALIFIED PLANS AND 
INDIVIDUAL RETIREMENT 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: This document contains technical changes and clarifications 
made to the existing proposed regulations relating to the requirements 
which must be satisfied when a trust is named as a beneficiary under a 
plan under the proposed regulations as required distributions from 
qualified plans under section 401(a)(9) of the Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/97                    62 FR 67780
Final Action                    04/00/98

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: REG-209463-82
Drafting attorney: Cheryl Press (202) 622-6030.
Reviewing attorney: Marjorie Hoffman (202) 622-6030.
Treasury attorney: Mark Hamelburg (202) 622-1341.
CC:EBEO

Agency Contact: Cheryl Press, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-6030
Fax: 202 622-4631

RIN: 1545-AV82
_______________________________________________________________________




2830.  FASIT - CONSOLIDATED GROUPS/TRANSITIONAL/START-UP

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 8602; 26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These regulations will address issues concerning rules 
applicable to start-up of financial securitization investment trusts 
and transitional rules for existing securitization entities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/04/96                    61 FR 56648
NPRM Comment Period End         12/31/96
Final Action                    04/00/98

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) 622-3940.
Treasury attorney: Paul Crispino (202) 622-0224.
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-AV59
_______________________________________________________________________




2831.  NEW LINES OF BUSINESS PROHIBITED UNDER SECTION 
936(J)(9)(B)

Priority:  Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To provide guidance for application of section 936(j)(9)(B) 
and to clarify the meaning of ``substantial new line of business''.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary regulations           12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-115446-97
Drafting attorney: Patricia Bray (202) 622-3880.
Reviewing attorney: Jacob Feldman (202) 622-4464.
Treasury attorney: Michael Mundaca (202) 622-1752.
CC:INTL

Agency Contact: Patricia Bray, 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-AV67

[[Page 22532]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2832. SECTION 79, TABLE I, UPDATE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/99

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Betty Clary
Phone: 202 622-6070

RIN: 1545-AN54
_______________________________________________________________________




2833. 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
_______________________________________________________________________




2834. 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
_______________________________________________________________________




2835. DEFINITION OF ``PRIVATE ACTIVITY BONDS''

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

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

Agency Contact: Rebecca Harrigal
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU98
_______________________________________________________________________




2836. PRIVATE ACTIVITY BOND RULES FOR OUTPUT FACILITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/98                     63 FR 3296
NPRM Comment Period End         04/22/98
Final Action                    01/00/01

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local

Agency Contact: Allan B. Seller
Phone: 202 622-3421

RIN: 1545-AV47
_______________________________________________________________________




2837. 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
Final Action                    12/00/99

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Milton M. Cahn
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AO24
_______________________________________________________________________




2838. PRODUCTION OF CREATIVE PROPERTY

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: Jan Skelton
Phone: 202 622-4970

RIN: 1545-AQ92
_______________________________________________________________________




2839. FOREIGN TAXPAYERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/30/87                    52 FR 10118
NPRM 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
_______________________________________________________________________




2840. SUBSTANTIATION OF EXPENSES--RECEIPT THRESHOLD

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/25/97                    62 FR 14051
NPRM Comment Period End         06/23/97


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donna M. Crisalli
Phone: 202 622-4920
Fax: 202 622-6316

RIN: 1545-AT97
_______________________________________________________________________




2841. GOLDEN PARACHUTE PAYMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

[[Page 22533]]

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
_______________________________________________________________________




2842. 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

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/15/92                    57 FR 59324
NPRM Comment Period End         01/20/93


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AP52
_______________________________________________________________________




2843. 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
_______________________________________________________________________




2844. 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: Charles Whedbee
Phone: 202 622-7550
Fax: 202 622-6834

RIN: 1545-AU33
_______________________________________________________________________




2845. 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

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robin Ehrenberg
Phone: 202 622-6080

RIN: 1545-AD81
_______________________________________________________________________




2846. 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
_______________________________________________________________________




2847. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Linda Marshall
Phone: 202 622-6030

RIN: 1545-AL53
_______________________________________________________________________




2848. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/19/88                     53 FR 4999
NPRM Comment Period End         04/19/88
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: Cathy Vohs
Phone: 202 622-6030

RIN: 1545-AQ74
_______________________________________________________________________




2849. 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

[[Page 22534]]

_______________________________________________________________________




2850. TREATMENT OF FUNDED WELFARE BENEFIT PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/03/85                    50 FR 27456
NPRM Comment Period End         09/03/85


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Janet Laufer
Phone: 202 622-6060

RIN: 1545-AG14
_______________________________________________________________________




2851. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeffrey Erickson
Phone: 202 622-3080

RIN: 1545-AO32
_______________________________________________________________________




2852. 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
Hearing                         09/06/91                    56 FR 14040


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Christopher Kelley
Phone: 202 622-3070
Fax: 202 622-4524

RIN: 1545-AN64
_______________________________________________________________________




2853. INTERCOMPANY TRANSFER PRICING FOR SERVICES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lisa G. Sams
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AR32
_______________________________________________________________________




2854. SECTION 501(C)(4) REGULATION CHANGES RE: TBOR2

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Cynthia Morton
Phone: 202 622-6070

RIN: 1545-AV57
_______________________________________________________________________




2855. INBOUND GRANTOR TRUSTS WITH FOREIGN GRANTORS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/05/97                    62 FR 30785
NPRM Comment Period End         08/04/97
Final Action                    11/00/99

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AU90
_______________________________________________________________________




2856. PAYMENTS TO A RETIRING PARTNER OR A DECEASED PARTNER'S SUCCESSOR 
IN INTEREST

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AT31
_______________________________________________________________________




2857. FOREIGN INSURANCE COMPANIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Roger Brown
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AL82
_______________________________________________________________________




2858. 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
_______________________________________________________________________




2859. FASIT-CONSOLIDATED GROUPS/TRANSITIONAL START-UP

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301; 26 CFR 1

[[Page 22535]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David L. Meyer
Phone: 202 622-3960
Fax: 202 622-4451

RIN: 1545-AU94
_______________________________________________________________________




2860. FRINGE BENEFIT SOURCING UNDER SECTION 861

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AO72
_______________________________________________________________________




2861. 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
Final Action                    12/00/99

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AP30
_______________________________________________________________________




2862. TRANSPORTATION INCOME SOURCE RULES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Patricia A. Bray
Phone: 202 622-3880
Fax: 202 622-4408

RIN: 1545-AJ68
_______________________________________________________________________




2863. 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
_______________________________________________________________________




2864. INTEGRATED FINANCIAL TRANSACTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Roger Brown
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AR20
_______________________________________________________________________




2865. PROPOSED REGULATION UNDER SECTIONS 882 AND 884

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Howard Wiener
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AT96
_______________________________________________________________________




2866. 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
_______________________________________________________________________




2867. 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
Final Action                    12/00/99

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AK79
_______________________________________________________________________




2868. 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
Final Action                    12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeffrey Vinnik

[[Page 22536]]

Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AO22
_______________________________________________________________________




2869. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Willard W. Yates
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AM11
_______________________________________________________________________




2870. 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: Elizabeth G. Beck
Phone: 202 622-3880
Fax: 202 622-4408

RIN: 1545-AI16
_______________________________________________________________________




2871. 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
_______________________________________________________________________




2872. 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
_______________________________________________________________________




2873. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AO25
_______________________________________________________________________




2874. 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
Final Action                    12/00/99

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AM90
_______________________________________________________________________




2875. 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

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

RIN: 1545-AQ55
_______________________________________________________________________




2876. 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
Final Action                    12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Howard Wiener
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AM12
_______________________________________________________________________




2877. 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
Final Action                    12/00/99

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Roger Brown
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AP78
_______________________________________________________________________




2878. INCOME TAX--TAX REFORM ACT OF 1984 RELATING TO INTEREST CHARGE 
DISCS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

[[Page 22537]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/02/87                     52 FR 3256
Final Action                    12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David Bergkuist
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AG71
_______________________________________________________________________




2879. 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: Judith Cohen
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AS46
_______________________________________________________________________




2880.  QUALIFIED ZONE ACADEMY BONDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide issuers and holders of qualified 
zone academy bonds (section 1397E of the Code) with formulas for 
determining the credit rate and maximum maturity of the bonds. The 
regulations will also provide guidance for the treatment of original 
issue discount, premium and mid-year sales of the bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/07/98                      63 FR 707


Next Action Undetermined

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: Local

Additional Information: REG-119499-97
Drafting attorney: Timothy Jones (202) 622-3980.
Reviewing attorney: Rebecca Harrigal (202) 622-3980.
Treasury attorney: Jeffrey Maddrey (202) 622-1339.
CC:DOM:FI&P

Agency Contact: Timothy Jones, Assistant to the Chief, Branch 5, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-AV75
_______________________________________________________________________




2881. CONSOLIDATED ALTERNATIVE MINIMUM TAX

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/92                    57 FR 62251
NPRM Comment Period End         03/01/93
Hearing                         04/06/93                    57 FR 62251


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Martin Scully
Phone: 202 622-4960

RIN: 1545-AN73
_______________________________________________________________________




2882. 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: Charles Whedbee
Phone: 202 622-7550
Fax: 202 622-6834

RIN: 1545-AU32
_______________________________________________________________________




2883. CONSIDERATION OF REPEAL OF OLD 1.1502-13

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeffrey L. Vogel
Phone: 202 622-7770
Fax: 202 622-6834

RIN: 1545-AV54
_______________________________________________________________________




2884. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AR26
_______________________________________________________________________




2885. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AT66

[[Page 22538]]

_______________________________________________________________________




2886. EXCEPTION FROM SUPPLEMENTAL TAX

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Linda Marshall
Phone: 202 622-6030

RIN: 1545-AT56
_______________________________________________________________________




2887. 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
_______________________________________________________________________




2888. 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: Bernard H. Weberman
Phone: 202 622-3667
Fax: 202 622-4537

RIN: 1545-AP24
_______________________________________________________________________




2889. 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
_______________________________________________________________________




2890. DIESEL FUEL EXCISE TAX; DYE INJECTION SYSTEMS AND MARKERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/14/96                    61 FR 10490
NPRM Comment Period End         06/12/96
Hearing                         06/20/96                    61 FR 10490


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1545-AT18
_______________________________________________________________________




2891. COMMUNICATIONS TAX ISSUES

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 49

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bernard H. Weberman
Phone: 202 622-3667
Fax: 202 622-4537

RIN: 1545-AU86
_______________________________________________________________________




2892. INFORMATION REPORTING AND RECORD MAINTENANCE UNDER SECTION 6038C

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Ginny Y. Chung
Phone: 202 622-3870
Fax: 202 622-4476

RIN: 1545-AP10
_______________________________________________________________________




2893. 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
Final Action                    12/00/99

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AJ93
_______________________________________________________________________




2894. 6046A--RETURNS AS TO INTERESTS IN FOREIGN PARTNERSHIPS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AK75
_______________________________________________________________________




2895. SECTION 6048 REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

[[Page 22539]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Trina L. Dang
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AR25
_______________________________________________________________________




2896. 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
_______________________________________________________________________




2897. 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: 202 622-6060

RIN: 1545-AN40
_______________________________________________________________________




2898. 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
Final Action                    12/00/99

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AS88
_______________________________________________________________________




2899. EXTENSION OF STATUTE OF LIMITATIONS IN JOHN DOE SUMMONS DISPUTES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/99

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AM67
_______________________________________________________________________




2900. SUSPENSION OF RUNNING OF PERIOD OF LIMITATIONS DURING PROCEEDING 
TO ENFORCE DESIGNATED SUMMONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/99

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AQ01
_______________________________________________________________________




2901. TECHNICAL CORRECTIONS FOR CHAPTER 14

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 25

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Lane Damazo
Phone: 202 622-3090

RIN: 1545-AR49
_______________________________________________________________________




2902. 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
_______________________________________________________________________




2903. 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: Sharon Cohen
Phone: 202 622-6080
Fax: 202 622-3912

RIN: 1545-AT47
_______________________________________________________________________




2904. 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
_______________________________________________________________________




2905. TIMING OF NOTICE AND CONSENT REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

[[Page 22540]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/22/95                    60 FR 49236
NPRM Comment Period End         12/30/95
Hearing                         04/24/96                     61 FR 9659


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Cathy Vohs
Phone: 202 622-6030

RIN: 1545-AU05
_______________________________________________________________________




2906. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/99

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AU18
_______________________________________________________________________




2907. 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: Cathy Vohs
Phone: 202 622-6030

RIN: 1545-AU46
_______________________________________________________________________




2908. RECOMPUTATION OF LIFE INSURANCE RESERVES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/97                       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
_______________________________________________________________________




2909. TAXPAYER IDENTIFICATION NUMBERS (TINS) FOR ADOPTED CHILDREN

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/24/97                    62 FR 62538


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Michael L. Gompertz
Phone: 202 622-4910

RIN: 1545-AV08
_______________________________________________________________________




2910. REMEDIAL AMENDMENT PERIOD

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/01/97                    62 FR 41322
Final Action                    12/00/99

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Tribal, Federal

Agency Contact: Linda S. F. Marshall
Phone: 202 622-6030

RIN: 1545-AV22
_______________________________________________________________________




2911. ELECTRONIC TIP REPORTING

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/26/98                     63 FR 3680
NPRM Comment Period End         04/27/98
Final Action                    12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AV28
_______________________________________________________________________




2912. TBOR 2 CHANGES TO SECTION 7805(B)

Priority:  Substantive, Nonsignificant

Reinventing Government: 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

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Cheryl Peterson
Phone: 202 622-7790
Fax: 202 622-6834

RIN: 1545-AV42
_______________________________________________________________________




2913.  CONTINUITY OF INTEREST

Priority:  Substantive, Nonsignificant

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

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulation providing guidance regarding the effect of 
redemption and distributions by a target corporation on satisfaction of 
the continuity of interest requirement in corporate reorganizations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/23/98                     63 FR 4204
NPRM Comment Period End         05/05/98


Next Action Undetermined

Small Entities Affected: None

[[Page 22541]]

Government Levels Affected: None

Additional Information: REG-120882-97
Drafting attorney: Phoebe Bennett (202) 622-7750.
Reviewing attorney: Nelson Crouch (202) 622-7750.
Treasury attorney: Kevin Anderson (202) 622-1981.
CC:DOM:CORP
Split off from RIN 1545-AU72 due to additional issues requiring 
comment.

Agency Contact: Phoebe Bennett, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7750
Fax: 202 622-6834

RIN: 1545-AV81
_______________________________________________________________________




2914. TAXPAYER ASSISTANCE ORDERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Robert Miller
Phone: 202 622-3640

RIN: 1545-AU01
_______________________________________________________________________




2915. 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
_______________________________________________________________________




2916. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Elizabeth G. Beck
Phone: 202 622-3880
Fax: 202 622-4408

RIN: 1545-AU91
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2917. AVAILABLE UNIT RULE

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 8732            09/26/97                    63 FR 50503

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AT60
_______________________________________________________________________




2918. DISABLED ACCESS CREDIT

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

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

RIN: 1545-AT72
_______________________________________________________________________




2919. SECTION 59(E); ELECTION FOR QUALIFIED COSTS

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Donna Mucha
Phone: 202 622-3120
Fax: 202 622-4743

RIN: 1545-AU40
_______________________________________________________________________




2920. TAX TREATMENT OF CAFETERIA PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8738            11/07/97                    62 FR 60165

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sharon Cohen
Phone: 202 622-6080
Fax: 202 622-3912

RIN: 1545-AV43
_______________________________________________________________________




2921. PRIVATE ACTIVITY BOND RULES FOR OUTPUT FACILITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

[[Page 22542]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/03/98

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local

Agency Contact: Allan B. Sellar
Phone: 202 622-3421
Fax: 202 622-4425

RIN: 1545-AV31
_______________________________________________________________________




2922. PRIVATE ACTIVITY RULES FOR OUTPUT FACILITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8757            01/22/98                     63 FR 3256

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local

Agency Contact: Allan B. Seller
Phone: 202 622-7870

RIN: 1545-AV46
_______________________________________________________________________




2923. QUALIFIED RESIDENCE INTEREST

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AL67
_______________________________________________________________________




2924. CHANGES IN USE UNDER SECTION 168(I)(5)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bernard P. Harvey
Phone: 202 622-3110

RIN: 1545-AJ38
_______________________________________________________________________




2925. DEMOLITION OF STRUCTURES DEFINITIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8745            12/30/97                    62 FR 67725

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bernard Harvey
Phone: 202 622-3110
Fax: 202 622-4524

RIN: 1545-AR63
_______________________________________________________________________




2926.  WARRANTS AND NONQUALIFIED PREFERRED STOCK

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0721

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation is intended to prevent avoidance of the 
special rule for nonqualified preferred stock under section 1014 of the 
Taxpayer Relief Act of 1997. Section 1.356-3 of the Income Tax 
Regulations is amended to provide that, as a general rule, the term 
``stock or securities'' does not include nonqualified preferred stock, 
or a right to acquire such preferred stock, where the stock or right is 
received in exchange for stock or a right to acquire stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8753            01/06/98                      63 FR 411

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-121755-97
Drafting attorney: Michael Danbury (202) 622-7978.
Reviewing attorney: Bernita Thigpen (202) 622-7720.
Treasury attorney: Seth Green (202) 622-0865.
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-AV85
_______________________________________________________________________




2927. CONTINUITY OF INTEREST REQUIREMENT IN CORPORATE REORGANIZATIONS

Priority:  Substantive, Nonsignificant

Reinventing Government: 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 8760            01/28/98                     63 FR 4147
Final Action Effective          01/28/98                     63 FR 4174

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Phoebe Bennett
Phone: 202 622-7750
Fax: 202 622-6834

RIN: 1545-AU72
_______________________________________________________________________




2928. CARRYOVERS OF METHODS OF ACCOUNTING

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Cheryl Lynn Oseekey
Phone: 202 622-6316

RIN: 1545-AT38

[[Page 22543]]

_______________________________________________________________________




2929. HYBRID INSTRUMENTS

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AR13
_______________________________________________________________________




2930. INSTALLMENT OBLIGATIONS RECEIVED FROM LIQUIDATING CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8762            01/28/98                     63 FR 4168
Final Action Effective          01/28/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: George Wright
Phone: 202 622-4950

RIN: 1545-AB43
_______________________________________________________________________




2931. GUIDANCE ON SECTION 468

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Brenda M. Stewart
Phone: 202 622-3120

RIN: 1545-AT59
_______________________________________________________________________




2932. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/27/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Katherine Mellody
Phone: 202 622-3090

RIN: 1545-AN62
_______________________________________________________________________




2933. INVENTORIES BY DEALERS IN SECURITIES SECTION 1.471-5

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Project Has 
Been Suspended                  03/31/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Nicholos G. Bogos
Phone: 202 622-3920

RIN: 1545-AS57
_______________________________________________________________________




2934. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AT39
_______________________________________________________________________




2935. INCOME TAXATION OF TRUSTS AND ESTATES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Project Has 
Been Suspended                  03/31/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AJ20
_______________________________________________________________________




2936. TREATMENT OF MODIFIED GUARANTEED CONTRACTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gary Geisler
Phone: 202 622-3970

RIN: 1545-AU58
_______________________________________________________________________




2937. SECTION 905(B) REGULATIONS

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 8759            01/27/98                     63 FR 3812

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joan Thomsen
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AP36
_______________________________________________________________________




2938. STOCK REDEMPTION INCIDENT TO DIVORCE

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

CFR Citation:  26 CFR 1

[[Page 22544]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Edward Schwartz
Phone: 202 622-4960

RIN: 1545-AT24
_______________________________________________________________________




2939. CERTAIN PAYMENTS MADE PURSUANT TO A SECURITIES LENDING TRANSACTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8735            10/14/97                    62 FR 53499

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AP71
_______________________________________________________________________




2940. QUALIFIED SMALL BUSINESS STOCK

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8749            12/31/97                    62 FR 68165

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Catherine Prohofsky
Phone: 202 622-4930

RIN: 1545-AU34
_______________________________________________________________________




2941. PARTNERSHIPS AND DEPRECIATION RECAPTURE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8730            08/20/97                    62 FR 44214

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Daniel J. Coburn
Phone: 202 622-3050

RIN: 1545-AT32
_______________________________________________________________________




2942. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William E. Blanchard
Phone: 202 622-3950
Fax: 202 622-4425

RIN: 1545-AH82
_______________________________________________________________________




2943. QUALIFIED ELECTING FUND ELECTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8750            01/02/98                        63 FR 3

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gayle Novig
Phone: 202 622-3840

RIN: 1545-AV40
_______________________________________________________________________




2944. S CORPORATION BANKS SECTION 1362

Priority:  Other Significant. Major status under 5 USC 801 is 
undetermined.

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Martin Schaffer
Phone: 202 622-3080

RIN: 1545-AU75
_______________________________________________________________________




2945.  QUALIFIED ZONE ACADEMY BONDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed and temporary regulations will provide issuers 
and holders of qualified zone academy bonds (section 1397E of the Code) 
with formulas for determining the credit rate and maximum maturity of 
the bonds. The regulations will also provide guidance for the treatment 
of OID, premium and mid-year sales of the bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8755            01/07/98                      63 FR 671

Small Entities Affected: Organizations

Government Levels Affected: Local

Additional Information: REG-119449-97
Drafting attorney: Timothy Jones (202) 622-3980.
Reviewing attorney: Rebecca Harrigal (202) 622-3980.
Treasury attorney: Jeffrey Maddrey (202) 622-1339.
CC:DOM:FI&P

Agency Contact: Timothy Jones, Assistant to the Chief, Branch 5, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-AV74
_______________________________________________________________________




2946. SECTION 1441 FINAL REGULATIONS

Priority:  Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8734            10/14/97                    62 FR 53387

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lilo Hester
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AU43

[[Page 22545]]

_______________________________________________________________________




2947. CONSOLIDATED RETURNS--LIMITATIONS ON THE USE OF CERTAIN LOSSES, 
DEDUCTIONS, AND CREDITS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8749            12/31/97                    62 FR 68165

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles Whedbee
Phone: 202 622-7550
Fax: 202 622-6834

RIN: 1545-AU31
_______________________________________________________________________




2948. CONSOLIDATED RETURNS--LIMITATIONS ON THE USE OF CERTAIN LOSSES AND 
CREDITS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8751            01/12/98                     63 FR 1740

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Roy Hirschhorn
Phone: 202 622-7770
Fax: 202 622-6834

RIN: 1545-AV30
_______________________________________________________________________




2949. REFORMATION OF CHARITABLE TRANSFERS--DEFINITION OF GUARANTEED 
ANNUITY AND LEAD UNITRUST INTEREST

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

CFR Citation:  26 CFR 20

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AT65
_______________________________________________________________________




2950. SALE OF RESIDENCE FROM QUALIFIED PERSONAL RESIDENCE TRUST

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8743            12/22/97                    62 FR 66987

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lane Damazo
Phone: 202 622-3090

RIN: 1545-AU12
_______________________________________________________________________




2951. PRIVATE ACTIVITY RULES FOR OUTPUT FACILITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Closed without 
regulations                     02/03/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Allan Seller
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU80
_______________________________________________________________________




2952. LUXURY EXCISE TAX CHANGES UNDER OBRA 1993

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Bernard Weberman
Phone: 202 622-3667
Fax: 202 622-4537

RIN: 1545-AS34
_______________________________________________________________________




2953. DIESEL FUEL TAX--1996 AMENDMENT

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8748            01/02/98                       63 FR 24
Final Action Effective          01/02/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Frank Boland
Phone: 202 622-3130

RIN: 1545-AU53
_______________________________________________________________________




2954. EXCISE TAX ON AVIATION FUEL

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/09/98

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
_______________________________________________________________________




2955. TAX ON PETROLEUM

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 52

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       12/23/97                    62 FR 67013

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AJ23
_______________________________________________________________________




2956. TIME FOR FILING FORM 4720 RETURN

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8736            10/07/97                    62 FR 52256

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Phyllis Haney
Phone: 202 622-4290

RIN: 1545-AU66

[[Page 22546]]

_______________________________________________________________________




2957. SUBCHAPTER S ITEMS

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

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Project Has 
Been Suspended                  03/31/98

Small Entities Affected: Businesses

Government Levels Affected: Federal

Agency Contact: Robert Honigman
Phone: 202 622-3050

RIN: 1545-AU78
_______________________________________________________________________




2958. 6114 REPORTING REQUIREMENTS WAIVED

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8733            10/14/97                    62 FR 53384

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AP35
_______________________________________________________________________




2959. EXPANSION OF FORM 945

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

CFR Citation:  26 CFR 1; 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Tribal, Federal

Agency Contact: Vincent Surabian
Phone: 202 622-4940

RIN: 1545-AU51
_______________________________________________________________________




2960. REWARDS FOR INFORMATION RELATING TO VIOLATIONS OF INTERNAL REVENUE 
LAWS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8737            10/14/97                    62 FR 53220

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Judith A. Lintz
Phone: 202 622-4940

RIN: 1545-AU88
_______________________________________________________________________




2961. DISCLAIMER OF INTERESTS AND POWER

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8744            12/31/97                    62 FR 68183

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AR52
_______________________________________________________________________




2962. DEBT INSTRUMENTS WITH OID; ANNUITY CONTRACTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8754            01/08/98                     63 FR 1054
Final Action Effective          02/09/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jon Zelnik
Phone: 202 622-3940
Fax: 202 622-4425

RIN: 1545-AS76
_______________________________________________________________________




2963. REISSUANCE OF QUALIFIED TENDER BONDS

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Agency Contact: Timothy Jones
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AT09
_______________________________________________________________________




2964. REISSUANCE OF QUALIFIED TENDER BONDS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal

Agency Contact: Timothy Jones
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AT10
_______________________________________________________________________




2965. PROPERTY DISTRIBUTED IN KIND AND TREATMENT OF MULTIPLE TRUSTS

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Project Has 
Been Suspended                  03/31/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AT68
_______________________________________________________________________




2966. EFFECTIVE DATE OF TEMPORARY BACKUP WITHHOLDING REGULATIONS

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 31; 26 CFR 35

[[Page 22547]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8734            10/14/97                    62 FR 53387

Small Entities Affected: None

Government Levels Affected: State, Local, Federal

Agency Contact: Renay France
Phone: 202 622-8065

RIN: 1545-AT77
_______________________________________________________________________




2967. MODIFICATION OF BAD DEBTS AND DEALER ASSIGNMENTS OF NOTIONAL 
PRINCIPAL CONTRACTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8763            01/29/98                     63 FR 4394
Final Action Effective          01/29/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AU06
_______________________________________________________________________




2968. BOND PREMIUM AMORTIZATION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8746            12/31/97                    62 FR 68173
Final Action Effective          03/02/98

Small Entities Affected: None

Government Levels Affected: None

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

RIN: 1545-AU09
_______________________________________________________________________




2969. DEFINITION OF LIMITED PARTNER FOR SELF-EMPLOYMENT TAX PURPOSES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      08/15/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Honigman
Phone: 202 622-3050

RIN: 1545-AU24
_______________________________________________________________________




2970. SECTION 468A REVISED SCHEDULES OF RULING AMOUNTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8758            01/20/98                     63 FR 2892
Final Action Effective          01/20/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Friedman
Phone: 202 622-3110
Fax: 202 622-4779

RIN: 1545-AU28
_______________________________________________________________________




2971. EMPOWERMENT ZONE EMPLOYMENT CREDIT

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8747            12/30/97                    62 FR 67726

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert G. Wheeler
Phone: 202 622-6060
Fax: 202 622-4617

RIN: 1545-AU30
_______________________________________________________________________




2972. EXTENSIONS OF TIME TO MAKE ELECTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8742            12/31/97                    62 FR 68167

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Cheryl Oseeky
Phone: 202 622-4970
Fax: 202 622-6316

RIN: 1545-AU42
_______________________________________________________________________




2973. TAX TREATMENT OF CAFETERIA PLANS

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 8738            11/07/97                    62 FR 60165

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sharon Cohen
Phone: 202 622-6080
Fax: 202 622-3912

RIN: 1545-AU61
_______________________________________________________________________




2974. TREATMENT OF WARRANTS AS SECURITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8752            01/06/98                      63 FR 409

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael Danbury
Phone: 202 622-7750

RIN: 1545-AU67
_______________________________________________________________________




2975. TARGET ASSET AND STOCK DROPS FOLLOWING REORGANIZATION

Priority:  Substantive, Nonsignificant

Reinventing Government: 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 8760            01/28/98                     63 FR 4174
Final Action Effective          01/28/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marlene Peake Oppenheim
Phone: 202 622-7750
Fax: 202 622-6834

RIN: 1545-AU73

[[Page 22548]]

_______________________________________________________________________




2976. SECTION 42(D)(5) FEDERAL GRANTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8731            09/26/97                    62 FR 50502
Final Action Effective          09/26/97                    62 FR 50503

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Christopher J. Wilson
Phone: 202 622-3040

RIN: 1545-AU92
_______________________________________________________________________




2977. DEPOSITS OF EXCISE TAXES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 40

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8740            12/29/97                    62 FR 67568

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Ruth Hoffman
Phone: 202 622-3130

RIN: 1545-AV03
_______________________________________________________________________




2978. TAXPAYER IDENTIFICATION NUMBERS (TINS) FOR ADOPTED CHILDREN

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8739            11/24/97                    62 FR 62518

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael L. Gompertz
Phone: 202 622-4910

RIN: 1545-AV09
_______________________________________________________________________




2979. PROPOSED REGULATIONS RESPECTING THE ADOPTION OR CHANGE OF 
ACCOUNTING METHOD

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 601

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8742            12/31/97                    62 FR 68167

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Cheryl Lynn Oseekey
Phone: 202 622-4970
Fax: 202 622-6316

RIN: 1545-AV20
_______________________________________________________________________




2980. IMPORTED RECYCLED HALONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 52

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Work on This Project Has 
Been Suspended                  03/31/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Susan Athy
Phone: 202 622-3130

RIN: 1545-AV24
_______________________________________________________________________




2981. PERMITTED ELIMINATION OF PRE-RETIREMENT OPTIONAL FORMS OF BENEFIT

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/04/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Cheryl Press
Phone: 202 622-6030

RIN: 1545-AV25
_______________________________________________________________________




2982. TEMPORARY REGULATIONS REGARDING THE CAPITALIZATION OF COSTS OF 
PRODUCING PROPERTY IN A FARMING BUSINESS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8729            08/22/97                    62 FR 44542

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jan Skelton
Phone: 202 622-4970

RIN: 1545-AV37
_______________________________________________________________________




2983. HIPAA NONDISCRIMINATION RULES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 54

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8716            04/08/97                    62 FR 16894

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-4695

RIN: 1545-AV51
_______________________________________________________________________




2984. HIPAA MENTAL HEALTH PARITY

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 54

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8741            12/22/97                    62 FR 66932
Final Action Effective          04/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-4695

RIN: 1545-AV53
_______________________________________________________________________




2985.  DISPOSITIONS OF ENTIRE INTERESTS IN PASSIVE ACTIVITIES

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

Legal Authority:  26 USC 7805; 26 USC 469

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Rules for dispositions of entire interests in passive 
activities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Further Work on This Project Has 
Been Suspended                  03/31/98

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-118969-97
Drafting attorney: Christopher Kelley (202) 622-3070.
Reviewing attorney: Donna M. Young (202) 622-3070.
Treasury attorney: John Parcell (202) 622-2578.

[[Page 22549]]


CC:DOM:P&SI

Agency Contact: Christopher Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3070

RIN: 1545-AV65
_______________________________________________________________________




2986.  ISSUING GUIDANCE ON ELECTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 7805

Legal Deadline: None

Abstract: The regulations provide that the secretary may provide 
guidance on the time and manner of making an election under the 
Internal Revenue laws in regulations, revenue rulings, revenue 
procedures, forms, or in instructions to the forms, or in other 
appropriate guidance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/02/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-119311-97
Drafting attorney: Renay France (202) 622-8065.
Reviewing attorney: Peter J. Frederick (202) 622-4940.
Treasury attorney
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-AV72
_______________________________________________________________________




2987.  ISSUING GUIDANCE ON ELECTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations provide that the secretary may provide 
guidance on the time and manner of making an election under the 
Internal Revenue laws in regulations, revenue rulings, revenue 
procedures, forms, or in instructions to the forms or in other 
appropriate guidance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/02/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-119311-97
Drafting attorney: Renay France (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.
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: 202 622-4940

RIN: 1545-AV73
_______________________________________________________________________




2988.  ELECTION NOT TO APPLY LOOK-BACK METHOD TO QUALIFIED LONG-
TERM CONTRACTS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 1; 26 CFR 602

Legal Deadline:  Final, Statutory, January 12, 2001.
Sunset provision section 7805(e)(2)

Abstract: The regulation requires taxpayers to attach a notification 
statement to their returns when they elect not to apply the look-back 
method to long-term contracts in de minimis cases.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8756            01/13/98                     63 FR 1917

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-102200-97
Drafting attorney: Leo Nolan II (202) 622-4960.
Reviewing attorney: Robert M. Casey (202) 622-4960.
Treasury attorney: Kevin Anderson (202) 622-1981.
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: 202 622-4960

RIN: 1545-AV78
_______________________________________________________________________




2989.  CONTINUITY OF INTEREST

Priority:  Substantive, Nonsignificant

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

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance regarding the effect of redemptions and 
distributions by a target corporation on satisfaction of the continuity 
of interest requirement in corporate reorganizations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8761            01/28/98                     63 FR 4183
Final Action Effective          01/28/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-120882-97
Drafting attorney: Phoebe Bennett (202) 622-7750.
Reviewing attorney: Nelson Crouch (202) 622-7750.
Treasury attorney: Kevin Anderson (202) 622-1981.
CC:DOM:CORP
Split off from RIN 1545-AU72 due to additional issues requiring 
comment.

Agency Contact: Phoebe Bennett, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7750
Fax: 202 622-6834

RIN: 1545-AV80
_______________________________________________________________________




2990.  ACCOUNTING CHANGES QUALIFYING FOR SECTION 446(E) 
TREATMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

[[Page 22550]]

Abstract: Revise selected regulations to provide that a change is a 
method of accounting subject to section 446(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Further Work on This Regulation 
Has Been Suspended              03/31/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: REG-116181-97
Drafting attorney: Cheryl Oseekey (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.

Agency Contact: Cheryl Lynn Oseekey, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington DC 20224
Phone: 202 622-4970
Fax: 202 622-6316

RIN: 1545-AV93
_______________________________________________________________________




2991. GROUP HEALTH PLAN PORTABILITY, ACCESS, AND RENEWABILITY 
REQUIREMENTS

Priority:  Other Significant. Major status under 5 USC 801 is 
undetermined.

CFR Citation:  26 CFR 54

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action TD 8716            04/04/97                    62 FR 16894

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-4695

RIN: 1545-AV12
_______________________________________________________________________




2992. USER FEES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/26/98

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ruth Hoffman
Phone: 202 622-3130

RIN: 1545-AV34
BILLING CODE 4830-01-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2993. MANAGEMENT OFFICIAL INTERLOCKS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 3208 to 3208

CFR Citation:  12 CFR 563f

Legal Deadline: None

Abstract: The federal banking agencies are planning to issue a notice 
of proposed rulemaking to revise their rules regarding management 
interlocks to conform them to recent statutory changes, modernize and 
clarify them, and reduce unnecessary regulatory burden where feasible.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: David Bristol, Senior Attorney, Business Transactions 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-6461
  
Joseph Casey, Policy Analyst, Supervision Policy, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-5741

RIN: 1550-AB07
_______________________________________________________________________




2994. AGENCY DISAPPROVAL OF DIRECTORS AND SENIOR EXECUTIVE OFFICERS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1462a; 12 USC 1467a; 12 USC 1817; 12 USC 1831i

CFR Citation:  12 CFR 574

Legal Deadline: None

Abstract: OTS has issued a notice of proposed rulemaking to implement 
changes to section 32 of the FDIA made by the Economic Growth and 
Regulatory Paperwork Reduction Act of 1996 (EGRPRA). Section 32 of the 
FDIA requires that certain savings associations and savings and loan 
holding companies notify OTS 30 days prior to adding any individual to 
the board of directors or employing any individual as a senior 
executive officer. EGRPRA amended section 32 of the FDIA by 
redesignating the circumstances under which a notice must be filed, and 
by providing that the notice period may be extended to a total of 90 
days.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/27/98                    63 FR 14844
NPRM Comment Period End         05/26/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Frances Augello, Senior Counsel, Business Transactions 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-6151
  
Mary Jo Johnson, Project Manager, Supervision Policy, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-5739

RIN: 1550-AB10

[[Page 22551]]

_______________________________________________________________________




2995.  FINANCIAL MANAGEMENT POLICIES; DERIVATIVE INSTRUMENTS

Priority:  Substantive, Nonsignificant

Reinventing Government: 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 1820; 12 
USC 1828; 12 USC 3806; 42 USC 4106

CFR Citation:  12 CFR 563

Legal Deadline: None

Abstract: OTS has taken under consideration the issuance of a notice of 
proposed rulemaking to amend its regulations on forward commitments, 
futures transactions, and financial options transactions. The rule 
would replace the existing regulation with a regulation applicable to 
all derivative instruments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Robert Kazdin, Senior Project Manager, Risk Management, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5759
  
Vern McKinley, Senior Attorney, Regulations & Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6241

RIN: 1550-AB13
_______________________________________________________________________




2996.  APPLICATION 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 1462a; 12 USC 1463; 12 
USC 1464

CFR Citation:  12 CFR 516

Legal Deadline: None

Abstract: OTS has taken under consideration the issuance of a notice of 
proposed rulemaking to revise its regulations setting forth the 
procedures for savings associations to submit certain applications, 
notices, and other filings to OTS. OTS will draft the new rule in the 
``Plain English'' format, thus making it more understandable and 
workable for both the public and OTS.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Catherine Shepard, Senior Attorney, Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7275
  
Diana Garmus, Director, Corporate Activities Division, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-5683

RIN: 1550-AB14
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2997. CAPITAL DISTRIBUTIONS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12 USC 3806; 42 
USC 4106

CFR Citation:  12 CFR 563

Legal Deadline: None

Abstract: In December 1994, OTS issued a notice of proposed rulemaking 
to simplify and streamline its capital distributions regulation to 
reflect the implementation of the system of prompt corrective action 
established under the Federal Deposit Insurance Corporation Improvement 
Act of 1991.
In January 1998, OTS issued a second notice of proposed rulemaking in 
this area to conform OTS's rules to those of the other banking 
agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/05/94                    59 FR 62356
NPRM Comment Period End         02/03/95
NPRM                            01/07/98                     63 FR 1044
NPRM Comment Period End         03/09/98
Final Rule                      04/00/98

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
  
Evelyne Bonhomme, Counsel (Banking and Finance), Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7052

RIN: 1550-AA72
_______________________________________________________________________




2998. DEPOSITS AND ELECTRONIC 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:  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

[[Page 22552]]

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 final rule amending its deposit regulations 
in order to eliminate duplicative, overlapping, and outdated 
regulations, and those that micromanage savings associations. OTS has 
also issued a notice of proposed rulemaking to streamline and update 
its regulations relating to electronic operations. The proposal 
addresses advances in technology and would permit innovation for the 
use of emerging technology by federal savings associations.

Timetable:

Deposits  NPRM 04/02/97 (62 FR 15626)  NPRM Comment Period End 06/02/
97  Final Rule 10/22/97 (62 FR 54759)  Final Rule Effective Date 01/01/
98

Electronic Operations  ANPRM 04/02/97 (62 FR 15626)  ANPRM Comment 
Period End 06/02/97  NPRM 10/03/97 (62 FR 51817)  NPRM Comment Period 
End 12/02/97  Final Rule 04/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Additional Agency Contacts: Electronic 
Operations: Paul Robin, Program Analyst, Compliance Policy, (202) 906-
6648; Paul Glenn, Special Counsel, Business Transactions Division, 
(202) 906-6203, Richard Bennett, Counsel (Banking and Finance), 
Regulations and Legislation Division, (202) 906-7409, or Paul Reymann, 
listed below. Deposits: Christine Harrington, Counsel (Banking and 
Finance), Regulations & Legislation Division, (202) 906-7957, or Edward 
J. O'Connell, listed below.

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
  
Paul Reymann, Policy Analyst, Supervision Policy, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-5645

RIN: 1550-AB00
_______________________________________________________________________




2999. CAPITAL RULES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 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: OTS currently has underway a number of regulatory amendments 
to its capital standards for savings associations. These amendments 
will serve to implement sections 208, 303, and 350 of the Riegle 
Community Development and Regulatory Improvement Act of 1994 (CDRIA), 
as well as standards such as those of the Financial Accounting 
Standards Board. CDRIA requires the Federal banking agencies to make 
their capital rules and other rules more uniform.
These regulatory changes include two recourse rules, which would (i) 
modify the risk-based capital treatment of small business loans and 
leases of personal property with recourse, and (ii) vary the risk-based 
capital requirement for traded and non-traded positions in securitized 
asset transactions according to relative risk exposure.
Interagency capital projects are also underway to address (i) leverage 
capital and risk-based capital standards for certain loans involving 
residential properties and investment in mutual funds, (ii) capital 
requirements for servicing assets, (iii) risk-based capital standards 
for collateralized transactions, and (iv) risk-based capital 
requirements for unrealized gains on equity securities.
The final recourse rule modifying the risk-based capital treatment of 
small business loans and leases of personal property with recourse was 
published in October, 1997. Notices of proposed rulemaking have been 
issued for the remaining initiatives listed above.

Timetable:

Collateralized Transactions  NPRM 08/16/96 (61 FR 42565)  Final Rule 
04/00/98

CDRIA Section 303 Capital Amendments  NPRM 10/27/97 (62 FR 55686)  NPRM 
Comment Period End 12/26/97  Final Rule 04/00/98

Recourse: Recourse Arrangements and Direct Credit Substitutes  ANPRM 
05/25/94 (59 FR 27116)  NPRM 05/25/94 (59 FR 27116)  NPRM 11/05/97 (62 
FR 59944)  NPRM Correction 11/20/97 (62 FR 62234)  NPRM Comment Period 
End 02/03/98 (62 FR 59944)  Final Rule 04/00/98

Recourse: Small Business Loan Recourse Obligations  NPRM 08/31/95 (60 
FR 45618)  Final Rule 10/24/97 (62 FR 55490)  Final Rule Effective Date 
01/01/98

Servicing Assets  NPRM 08/04/97 (62 FR 42006)  NPRM Comment Period End 
10/03/97  Final Rule 04/00/98

Unrealized Gains on Equity Securities  NPRM 10/27/97 (62 FR 
55682)  NPRM Comment Period End 12/26/97  Final Rule 04/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Additional Agency Contacts: Collateralized 
Transactions, Servicing Assets, Unrealized Gains on Equity Securities, 
and CDRIA section 303 Capital Amendments: Vern McKinley, Senior 
Attorney, Regulations & Legislation Division, (202) 906-6241. Recourse 
Arrangements and Direct Credit Substitutes: Richard Bennett, Counsel 
(Banking & Finance), Regulations & Legislation Division, (202) 906-
7409. Small Business Loan Recourse Obligations: Valerie Lithotomos, 
Counsel (Banking & Finance), Regulations & Legislation Division, (202) 
906-6439.

Agency Contact: Michael D. Solomon, Senior Policy Advisor, Supervision 
Policy, Department of the Treasury, Office of Thrift Supervision, 1700 
G Street NW., Washington, DC 20552
Phone: 202 906-5654

RIN: 1550-AB11
_______________________________________________________________________




3000.  DISCLOSURES FOR ADJUSTABLE-RATE MORTGAGE LOANS, 
ADJUSTMENT NOTICES, AND INTEREST-RATE CAPS

Priority:  Substantive, Nonsignificant

Reinventing Government: 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 22553]]

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1701j-3; 12 USC 1828; 12 USC 3803; 12 USC 3806; 42 
USC 4106

CFR Citation:  12 CFR 560

Legal Deadline: None

Abstract: OTS has issued an interim final rule with request for comment 
revising its initial disclosure requirements for adjustable-rate 
mortgage loans to conform them to parallel provisions in Regulation Z, 
as amended by the Federal Reserve Board. The revised rule permits a 
savings association to provide a borrower with either a 15-year 
historical example of interest rates and payments or a statement that 
the periodic payment may substantially increase or decrease, together 
with the maximum interest rate and payment based on a $10,000 loan.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/08/98                     63 FR 1051
Interim Final Rule Comment Pd. 
End                             03/09/98                     63 FR 1051
Final Action                    04/00/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Timothy R. Burniston, Director, Compliance Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5629
  
Susan P. Miles, Senior Attorney, Regulations & Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6798

RIN: 1550-AB12
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3001. 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.

CFR Citation:  12 CFR 566

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/24/97                    62 FR 62509
Final Action Effective          11/24/97

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Francis Raue, Program Analyst
Phone: 202 906-5750
Susan P. Miles, Senior Attorney
Phone: 202 906-6798

RIN: 1550-AA77
_______________________________________________________________________




3002. APPLICATION 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.

CFR Citation:  12 CFR 543; 12 CFR 545; 12 CFR 552; 12 CFR 556; 12 CFR 
563; 12 CFR 574

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/04/97                    62 FR 64138
Final Action Effective          01/01/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Timothy Burniston, Director, Compliance Plcy
Phone: 202 906-5629
Catherine A. Shepard, Senior Attorney
Phone: 202 906-7275

RIN: 1550-AA83
_______________________________________________________________________




3003. 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.

CFR Citation:  12 CFR 563

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/02/98                    63 FR 16378
Final Action Effective          04/02/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Scott Albinson
Phone: 202 906-7984
Ellen J. Sazzman
Phone: 202 906-7133

RIN: 1550-AB02
_______________________________________________________________________




3004. 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.

CFR Citation:  12 CFR 575

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/09/98                    63 FR 11361
Final Action Effective          04/01/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: James H. Underwood
Phone: 202 906-7354
Gary Masters
Phone: 202 906-6729

RIN: 1550-AB04
_______________________________________________________________________




3005. FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS; COMMUNITY 
REINVESTMENT 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.

CFR Citation:  12 CFR 545; 12 CFR 550; 12 CFR 563e

[[Page 22554]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/30/97                    62 FR 67696
Final Action Effective          01/01/98

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Timothy Leary, Counsel (Banking & Finance)
Phone: 202 906-7170
Larry Clark, Senior Manager
Phone: 202 906-5628

RIN: 1550-AB09
[FR Doc. 98-7565 Filed 04-24-98; 8:45 am]
BILLING CODE 6720-01-F