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



[[Page 62203]]

_______________________________________________________________________

Part XV





Department of the Treasury





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 62204]]

DEPARTMENT OF THE TREASURY (TREAS)                               
  
_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda and Fiscal Year 1999 Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda and fiscal year 1999 regulatory 
plan.

_______________________________________________________________________

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act (Pub. L. 96-354, September 19, 1980) and 
Executive Order (E.O.) 12866 (``Regulatory Planning and Review,'' 
September 30, 1993), which require the publication by the Department of 
a semiannual agenda of regulations. E.O. 12866 also requires the 
publication by the Department of a regulatory plan for fiscal year 
1999.

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

SUPPLEMENTARY INFORMATION: The semiannual agenda of the Department of 
the Treasury conforms to the Unified Agenda format developed by the 
Regulatory Information Service Center (RISC). For this edition of the 
regulatory agenda, the regulatory priorities of the Department of the 
Treasury are included in The Regulatory Plan, which appears in part II 
of this issue of the Federal Register.

Dated: September 15, 1998.

Neal Comstock,

Executive Secretary.

                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2794        12 CFR 1805 (New)   Community Development Financial Institutions Program; Bank
            Enterprise Award Program Regulations..................................................    1505-AA71
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2795        31 CFR 103   Amendments to the Bank Secrecy Act Regulations - Suspicious Activity
            Reporting--Broker/Dealers.............................................................    1506-AA21
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2796        31 CFR 103   Amendment to the Bank Secrecy Act Regulations - Registration Requirement
            for Certain Non-Bank Financial Institutions--Money Services Businesses (MSBs).........    1506-AA09
2797        31 CFR 103   Amendment to the Bank Secrecy Act Regulations Regarding Reporting of
            Cross-Border Transportation of Certain Monetary Instruments...........................    1506-AA15
2798        31 CFR 103   Amendments to the Bank Secrecy Act Regulations--Special Reporting and
            Recordkeeping Requirements--Money Services Businesses (MSBs)..........................    1506-AA19
2799        31 CFR 103   Amendments to the Bank Secrecy Act Regulations - Suspicious Activity
            Reporting--Money Services Businesses (MSBs)...........................................    1506-AA20
2800        31 CFR 103   Amendments to the Bank Secrecy Act Regulations - Suspicious Activity
            Reporting--Casinos....................................................................    1506-AA22
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2801        31 CFR 103   Amendment to the Bank Secrecy Act Regulations--Requirement That Financial
            Institutions Carry Out Anti-Money-Laundering Programs.................................    1506-AA05
2802        31 CFR 103   Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To
            Assess Civil Money Penalties on Depository Institutions...............................    1506-AA08
----------------------------------------------------------------------------------------------------------------


[[Page 62205]]


                             Financial Crimes Enforcement Network--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2803        31 CFR 103   Amendment to the Bank Secrecy Act Regulations--Discretionary Exemption of
            Certain Transactions From Currency Transaction Reporting Requirements.................    1506-AA12
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2804        31 CFR 205   Rules and Procedures for Funds Transfers.................................    1510-AA38
2805        31 CFR 240   Indorsement and Payment of Checks Drawn on the United States Treasury....    1510-AA45
2806        31 CFR 245   Claims on Account of Treasury Checks.....................................    1510-AA51
2807        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
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2808        31 CFR 210   Federal Government Participation in the Automated Clearing House.........    1510-AA17
2809        31 CFR 225   Acceptance of Bonds Secured by Government Obligations in Lieu of Bonds
            With Sureties.........................................................................    1510-AA36
2810        31 CFR 281   Foreign Exchange Operations..............................................    1510-AA48
2811        31 CFR 900 to 904   Federal Claims Collection Standards...............................    1510-AA57
2812        31 CFR 285.3   Offset of Tax Refund Payments To Collect Past-Due Support..............    1510-AA63
2813        31 CFR 285.12   Transfer of Debts to Treasury for Collection..........................    1510-AA68
2814        31 CFR 285.7   Matching of Federal Employee Records for Salary Offset.................    1510-AA70
2815        31 CFR 285.13   Barring Delinquent Debtors From Obtaining Federal Financial Assistance
            in the Form of Loans or Loan Guarantees...............................................    1510-AA71
2816        31 CFR 202   Depositaries and Financial Agents of the Federal Government..............    1510-AA75
2817        31 CFR 203   Payment of Federal Taxes and the Treasury Tax and Loan Program...........    1510-AA76
2818        31 CFR 225   Acceptance of Bonds Secured by Government Obligations in Lieu of Bonds
            With Sureties.........................................................................    1510-AA77
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2819        31 CFR 203   Treasury Tax and Loan Depositaries and Payment of Federal Taxes..........    1510-AA37
2820        31 CFR 256   Payments Under Judgment and Private Relief Acts..........................    1510-AA52
2821        31 CFR 285.4   Offset of Federal Benefit Payments.....................................    1510-AA64
2822        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
2823        31 CFR 285.14   Public Dissemination of Identity of Delinquent Debtors................    1510-AA72
2824        31 CFR 285.4   Offset of Federal Benefit Payments.....................................    1510-AA74
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2825        31 CFR 208   Management of Federal Agency Disbursements...............................    1510-AA56
2826        31 CFR 285.1   Collection of Past-Due Support by Administrative Offset................    1510-AA58
2827        31 CFR 207   Electronic Benefits Transfer; Selection and Designation of Financial
            Institutions as Financial Agents......................................................    1510-AA59
2828        31 CFR 212   Taxpayer Identifying Number Requirement..................................    1510-AA61
2829        31 CFR 285.2   Offset of Tax Refund Payments To Collect Past-Due, Legally Enforceable
            Nontax Debt...........................................................................    1510-AA62

[[Page 62206]]

 
2830        31 CFR 285.11   Administrative Wage Garnishment.......................................    1510-AA67
2831        31 CFR 285.15   Obtaining Taxpayer Identifying Numbers From Persons Doing Business
            With the Government...................................................................    1510-AA69
2832        31 CFR 285.16   Debt Sales............................................................    1510-AA73
----------------------------------------------------------------------------------------------------------------


                             Bureau of Alcohol, Tobacco and Firearms--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2833        27 CFR 9   American Viticultural Areas................................................    1512-AA07
2834        27 CFR 5   Country of Origin Statements on Distilled Spirits Labels...................    1512-AB72
----------------------------------------------------------------------------------------------------------------


                          Bureau of Alcohol, Tobacco and Firearms--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2835        27 CFR 252   Exportation of Liquors...................................................    1512-AA98
2836        27 CFR 7   Revision of Brewery Regulations and Issuance of Regulations for Taverns on
            Brewery Premises (Brewpubs) (Reg Plan Seq. No. 95)....................................    1512-AB37
2837        27 CFR 19.11   Distilled Spirits Plant Regulatory Initiative Proposal.................    1512-AB58
2838        27 CFR 4   Net Contents Statement on Wine Labels......................................    1512-AB70
2839        27 CFR 24.66   Implementation of Public Law 105-34, Section 1416 Relating to Refund of
            Tax for Domestic Wine Returned to Bond Regardless of Merchantability - (Taxpayer
            Relief Act of 1997)...................................................................    1512-AB74
2840        27 CFR 24   Implementation of Public Law 105-34, Sections 1421 and 1422...............    1512-AB75
2841        27 CFR 55   Commerce in Explosives (Including Explosives in the Fireworks Industry)
            (Reg Plan Seq. No. 96)................................................................    1512-AB48
2842        27 CFR 55   Implementation of Public Law 104-208, the Omnibus Consolidated
            Appropriations Act of 1997, Relating to the Establishment of a National Repository for
            Arson and Explosives Information......................................................   1512-AB73
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.


                            Bureau of Alcohol, Tobacco and Firearms--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2843        27 CFR 4.40   Procedures for Revoking Previously Approved Certificates of Label
            Approval, Exemptions From Label Approval, or Distinctive Liquor Bottle Approvals......    1512-AB34
2844        27 CFR 5   Labeling of Unaged Grape Brandy............................................    1512-AB46
2845        27 CFR 21.3   Formulas for Denatured Alcohol and Rum..................................    1512-AB60
2846        27 CFR 24.278   Implementation of Wine Credit Provisions of Public Law 104-188........    1512-AB65
2847        27 CFR 55   Commerce in Explosives....................................................    1512-AB55
2848        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
2849        27 CFR 53.61(b)   Firearms and Ammunition Excise Taxes Parts and Accessories..........    1512-AB49
2850        27 CFR 178   Commerce in Firearms and Ammunition (Omnibus Consolidated Appropriations
            Act of 1997)..........................................................................    1512-AB64
2851        27 CFR 178   Residency Requirement for Persons Acquiring Firearms.....................    1512-AB66
2852        27 CFR 178   Brady Bill Regulations--Permanent Provision..............................    1512-AB67
2853        27 CFR 178   Posting of Signs and Written Notifications to Purchasers of Handguns.....    1512-AB68
2854        27 CFR 70   Recodification of Statement of Procedural Rules...........................    1512-AB54
----------------------------------------------------------------------------------------------------------------


[[Page 62207]]


                           Bureau of Alcohol, Tobacco and Firearms--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2855        27 CFR 7   Alcoholic Content Labeling for Malt Beverages..............................    1512-AB17
2856        27 CFR 22.21   Distribution and Use of Tax-Free Alcohol...............................    1512-AB51
2857        27 CFR 20   Distribution of Denatured Alcohol and Rum.................................    1512-AB57
2858        27 CFR 18.56   Production of Volatile Fruit Flavored Concentrate......................    1512-AB59
2859        27 CFR 4   Implementation of Public Law 105-34, Sections 908, 910 and 1415, Related To
            Hard Cider, Semi-generic Wine Designations and Wholesale Liquor Dealer's Signs........    1512-AB71
2860        27 CFR 4   Alteration of Labels on Containers of Distilled Spirits, Wine and Beer.....    1512-AB76
2861        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
----------------------------------------------------------------------------------------------------------------
2862        27 CFR 53   Firearms and Ammunition Excise Taxes......................................    1512-AB33
2863        27 CFR 70.511 to 70.526   27 CFR Part 70--Conference and Practice Requirements for the
            Bureau of Alcohol, Tobacco, and Firearms..............................................    1512-AB11
----------------------------------------------------------------------------------------------------------------


                                 Bureau of the Public Debt--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2864        31 CFR 380 (New)   Regulations Governing Correlate Acceptability and Valuation........    1535-AA00
2865        17 CFR 405   Amendments to the Government Securities Act Regulations: Reports To Be
            Made by Specialized Government Securities Broker-Dealers Regarding Year 2000 Readiness    1535-AA01
----------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2866        12 CFR 19   Uniform Rules of Practice and Procedure; Regulation Review................    1557-AB43
2867        12 CFR 26   Management Official Interlocks............................................    1557-AB60
2868        12 CFR 7.4001   Interpretive Rulings..................................................    1557-AB61
2869        12 CFR 21.21   Bank Secrecy Act Compliance: ``Know Your Customer'' Requirements.......    1557-AB66
2870        12 CFR 9   Year 2000 Readiness Reports for Transfer Agent Activities..................    1557-AB68
----------------------------------------------------------------------------------------------------------------


                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2871        12 CFR 3   Capital Rules..............................................................    1557-AB14
2872        12 CFR 4   Expanded Examination Cycle for Certain Small Financial Institutions........    1557-AB56
2873        12 CFR 4   Organization and Functions, Availability and Release of Information,
            Contracting Outreach Program..........................................................    1557-AB65
2874        12 CFR 30 app B   Interagency Guidelines Establishing Year 2000 Standards for Safety
            and Soundness.........................................................................    1557-AB67
----------------------------------------------------------------------------------------------------------------


[[Page 62208]]


                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2875        12 CFR 12   Qualification Requirements for Transactions in Certain Securities.........    1557-AB54
2876        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
----------------------------------------------------------------------------------------------------------------
2877        12 CFR 28   International Lending Supervision.........................................    1557-AB58
2878        12 CFR 10   Municipal Securities Dealers..............................................    1557-AB62
----------------------------------------------------------------------------------------------------------------


                               United States Customs Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2879        19 CFR 159   Liquidation; Extension; Suspension.......................................    1515-AB66
2880        19 CFR 12   Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and
            Music Videos of Live Musical Performances.............................................    1515-AB74
2881        19 CFR 142   Reconciliation...........................................................    1515-AB85
2882        19 CFR 171   Guidelines for the Imposition and Mitigation of Penalties for Violation
            of 19 USC 1592........................................................................    1515-AC08
2883        19 CFR 141   Customs Entry Documentation Pursuant to Anticounterfeiting Consumer
            Protection Act........................................................................    1515-AC15
2884        19 CFR 162   Penalties for False Drawback Claims......................................    1515-AC21
2885        19 CFR 102   NAFTA Preference Override................................................    1515-AC25
2886        19 CFR 4   Foreign Repairs to American Vessels........................................    1515-AC30
2887        19 CFR 134   Country of Origin Marking................................................    1515-AC32
2888        19 CFR 111   Customs Brokers..........................................................    1515-AC34
2889        19 CFR 4   Vessel Equipment Temporarily Landed for Repair.............................    1515-AC35
2890        19 CFR 12   Forced or Indentured Child Labor..........................................    1515-AC36
----------------------------------------------------------------------------------------------------------------


                                 United States Customs Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2891        19 CFR 133   Parallel Imports and Other Trademarked Goods.............................    1515-AB49
2892        19 CFR 151   Accreditation of Commercial Testing Laboratories; Approval of Commercial
            Gaugers...............................................................................    1515-AB60
2893        19 CFR 134   Country-of-Origin Marking Requirements for Frozen Produce Packages.......    1515-AB61
2894        19 CFR 10   Warehouse Withdrawals; Aircraft Fuel Supplies; Pipeline Transportation in
            Bond of Merchandise...................................................................    1515-AB67
2895        19 CFR 151   Detention of Merchandise.................................................    1515-AB75
2896        19 CFR 24   Interest on Underpayments and Overpayments of Customs Duties Fees and
            Interest..............................................................................    1515-AB76
2897        19 CFR 181   North American Free Trade Agreement (NAFTA)--Implementation of Duty-
            Deferral Program Provisions...........................................................    1515-AB87
2898        19 CFR 123   Foreign-Based Commercial Motor Vehicles in International Traffic.........    1515-AB88
2899        19 CFR 103   Electronic Requests for Confidential Treatment of Export Manifest Data...    1515-AB89
2900        19 CFR 12   Entry of Softwood Lumber Shipments From Canada............................    1515-AB97
2901        19 CFR 171   Petitions for Relief; Seizures, Penalties, and Liquidated Damages........    1515-AC01
2902        19 CFR 12   Importation of Chemicals Subject to the Toxic Substances Control Act......    1515-AC04
2903        19 CFR 123   Designated Land Border Crossing Locations for Certain Conveyances........    1515-AC12
2904        19 CFR 123   Land Border Carrier Initiative Program...................................    1515-AC16
2905        19 CFR 192   Exportation of Used Motor Vehicles.......................................    1515-AC19
2906        19 CFR 24   Automated Clearinghouse Credit............................................    1515-AC26
2907        19 CFR 4   Boarding of Vessels in the United States...................................    1515-AC29
2908        19 CFR 162   Mandatory Seizure of Certain Plastic Explosives..........................    1515-AC33
----------------------------------------------------------------------------------------------------------------


[[Page 62209]]


                                United States Customs Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2909        19 CFR 4   Harbor Maintenance Fee.....................................................    1515-AA57
2910        19 CFR 24   Donated Cargo Exemption From Harbor Maintenance Fee.......................    1515-AA87
2911        19 CFR 102 (New)   Rules of Origin....................................................    1515-AB19
2912        19 CFR 113   Automated Surety Interface...............................................    1515-AB25
2913        19 CFR 24   Fees Assessed for Defaulted Payments......................................    1515-AB38
2914        19 CFR 12   Textiles and Textile Products Subject to Textile Trade Agreements.........    1515-AB54
2915        19 CFR 134   Country-of-Origin Marking for Watches....................................    1515-AB68
2916        19 CFR 148   Treatment of Merchandise Imported by Foreign Governments or Designated
            International Organizations...........................................................    1515-AB92
2917        19 CFR 12   Determination of the Country of Origin of Textiles and Textile Products...    1515-AC00
2918        19 CFR 146   Weekly Entry Procedure for Foreign Trade Zones...........................    1515-AC05
2919        19 CFR 103   Public Disclosure of Aircraft Manifests..................................    1515-AC13
2920        19 CFR 12   Elimination of Certification Requirement for Film Importers...............    1515-AC20
2921        19 CFR 111   Remote Location Filing...................................................    1515-AC23
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2922        19 CFR 10   Andean Trade Preference...................................................    1515-AB59
2923        19 CFR 162   Recordkeeping Requirements...............................................    1515-AB77
2924        19 CFR 162   Prior Disclosure.........................................................    1515-AB98
2925        19 CFR 4   Lay Order Period: General Order: Penalties.................................    1515-AB99
2926        19 CFR 133   Anticounterfeiting Consumer Protection Act: Disposition of Merchandise
            Bearing Counterfeit American Trademarks; Civil Penalties..............................    1515-AC10
2927        19 CFR 10   Procedural Change Regarding American Shooks and Staves....................    1515-AC18
2928        19 CFR 12   Emissions Standards for Imported Nonroad Engines..........................    1515-AC28
2929        19 CFR 24   Exporters Not Liable for Harbor Maintenance Fee...........................    1515-AC31
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2930         Section 79, Table I, Update..........................................................    1545-AN54
2931         Definition of Contribution in Aid of Construction Under Subsection 118(c)(3)(A)......    1545-AW17
2932         Continuity of Interest...............................................................    1545-AW45
2933         Guidance Under Section 30 and 179A...................................................    1545-AR66
2934         Purchase Price Allocation............................................................    1545-AV58
2935         Guidance Under Section 355(d)........................................................    1545-AW71
2936         Roth IRAs............................................................................    1545-AW62
2937         Accounting for Long-Term Contracts...................................................    1545-AQ30
2938         Escrow Funds and Other Similar Funds.................................................    1545-AR82
2939         Mark-to-Market for Securities Dealers; Application of Held for Investment Exemption
            to Consolidated Groups................................................................    1545-AU87
2940         Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and
            Commodities...........................................................................    1545-AW06
2941         Qualified State Tuition Programs.....................................................    1545-AV18
2942         Separate Share Rules/Estates.........................................................    1545-AW57
2943         Capital Gain Guidance Relating to CRTs...............................................    1545-AW35
2944         Foreign Grantor Trusts...............................................................    1545-AO75
2945         Source of Income for Space and Certain Ocean Activities and for International
            Communications Income.................................................................    1545-AW50
2946         Income Tax--Reciprocal Exemptions for Certain Transportation Income..................    1545-AJ57
2947         New Lines of Business Prohibited Under Section 936(j)(9)(B)..........................    1545-AV68
2948         Coordination of Pre-1987 Deemed Paid Taxes...........................................    1545-AT85
2949         Definition of the Term ``Marketable Stock'' Under Section 1296(e)(1)(A)(iii).........    1545-AW69
2950         Electing Small Business Trust........................................................    1545-AU76
2951         Tax Period After Acquisition of S Corporation........................................    1545-AW32

[[Page 62210]]

 
2952         Effective Date of Section 1.1502-9T..................................................    1545-AW51
2953         Partnership Returns Required on Magnetic Media.......................................    1545-AW14
2954         Adequate Disclosure of Gifts.........................................................    1545-AW20
2955         GRAT and Notes.......................................................................    1545-AW25
2956         Exception From Supplemental Tax......................................................    1545-AT56
2957         Retailers Tax/Tires..................................................................    1545-AW66
2958         Prepaid Telephone Cards..............................................................    1545-AV63
2959         Clarification of 4958 Excise Taxes...................................................    1545-AV60
2960         Purchasing and Reporting.............................................................    1545-AV49
2961         Middleman Regulation Under Sections 6041 and 6045....................................    1545-AW48
2962         Reporting of Payments to Attorney....................................................    1545-AW72
2963         Corporate Tax Shelter Registration...................................................    1545-AW26
2964         Taxpayer Relief Act of 1997 TEFRA Changes............................................    1545-AW23
2965         Electronic Funds Transfers of Federal Deposits.......................................    1545-AV96
2966         Electronic Fund Transfers of Federal Deposits........................................    1545-AW41
2967         Payment by Credit Card and Debit Card................................................    1545-AW37
2968         Revision of Tax Refund Offset Program................................................    1545-AV50
2969         Due Diligence for EIC (Earned Income Credit).........................................    1545-AW03
2970         Retention of Paid Preparers' Signatures..............................................    1545-AW52
2971         Preparer Due Diligence Requirements in Determining Eligibility for the Earned Income
            Tax Credit............................................................................    1545-AW73
2972         Passthrough of Items to Shareholders.................................................    1545-AT52
2973         Reporting Requirements for Widely Held Fixed Investment Trusts.......................    1545-AU15
2974         Usufruct; Nonresident Alien Shareholder; S Corporation Stock.........................    1545-AU18
2975         Payment From the Presidential Primary Matching Payment Account.......................    1545-AU57
2976         Disclosure of Certain Returns and Return Information by Other Federal Agencies.......    1545-AU83
2977         Special Rules Applicable to Sales of Debt Instrument Between Record Dates and the End
            of Accrual Periods....................................................................    1545-AU95
2978         Legending of REMIC Certificates......................................................    1545-AU96
2979         Withdrawal of Notice of Federal Tax Lien.............................................    1545-AV00
2980         Return of Levied Property in Certain Cases...........................................    1545-AV01
2981         Research Credit II...................................................................    1545-AV14
2982         Cash Advances of Compensation to Service Providers...................................    1545-AV21
2983         Section 42 Miscellaneous Compliance..................................................    1545-AV44
2984         Marital Deduction (Estate of Hubert).................................................    1545-AV45
2985         HIPAA Newborns' and Mothers' Health Protection Act...................................    1545-AV52
2986         Section 707 Disguised Sales of Partnership Interest..................................    1545-AV66
2987         Section 6038 Information Reporting Requirements for Foreign Partnerships.............    1545-AV69
2988         Section 6038B Information Reporting Requirements for Transfers to Foreign
            Partnerships..........................................................................    1545-AV70
2989         Disclosure of Return Information to the Bureau of the Census.........................    1545-AV84
2990         Substantiation of Business Expenses--Use of Mileage Rates to Substantiate Automobile
            Expenses..............................................................................    1545-AV87
2991         Substantiation of Business Expenses--Use of Mileage Rates To Substantiate Automobile
            Expenses..............................................................................    1545-AV89
2992         Section 411(d)(6) Protected Benefits (Taxpayer Relief Act of 1997)...................    1545-AV94
2993         Merchandise..........................................................................    1545-AW00
2994         Interest on Education Loans..........................................................    1545-AW01
2995         HIPAA Nondiscrimination Rules........................................................    1545-AW02
2996         Averaging of Farm Income.............................................................    1545-AW04
2997         Averaging of Farm Income.............................................................    1545-AW05
2998         Capital Gains and Partnership Provisions.............................................    1545-AW22
2999         Section 411(d)(6); Protected Benefits Exceptions.....................................    1545-AW27
3000         Intercompany Obligations.............................................................    1545-AW30
3001         Disregarded Entities.................................................................    1545-AW36
3002         Conversion to the Euro...............................................................    1545-AW43
3003         Section 148--Clarification of the Treatment of Prepayments...........................    1545-AW44
3004         Capital Gains--Installment Sales.....................................................    1545-AW47
3005         Guidance Under Section 1032..........................................................    1545-AW53
3006         Modification of Section 263A Regulations.............................................    1545-AW54
3007         Modification of the Solely-for-Voting Stock Requirement in Certain Corporate
            Reorganizations.......................................................................    1545-AW55
3008         Increase in Cashout Limit Under Sections 411(a)(7), 411(a)(11), and 417(e)(1)........    1545-AW59
3009         Merchandise Regulation - NPRM........................................................    1545-AW61
3010         Education Credits....................................................................    1545-AW65

[[Page 62211]]

 
3011         Section 809--Stock Life Subsidiary of a Mutual Holding Company.......................    1545-AW70
3012         Section 411(d)(6) Protected Benefits (Taxpayer Relief Act of 1997)...................    1545-AV95
3013         Disaster Relief Regulations..........................................................    1545-AV92
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3014         Statement of Procedural Rules--Part 601.702 Appendix B - Internal Revenue Service -
            31 CFR Part 1.........................................................................    1545-AR99
3015         Loans Treated as Distributions.......................................................    1545-AE41
3016         Removal of Temporary Regulations.....................................................    1545-AV36
3017         Arbitrage Restrictions on Tax Exempt Bonds...........................................    1545-AU39
3018         Rules for Property Produced in a Farming Business....................................    1545-AQ91
3019         Certain Asset Transfers to a Tax-Exempt Entity.......................................    1545-AN21
3020         Warrants and Nonqualified Preferred Stock............................................    1545-AV86
3021         Section 467 Rental Agreements........................................................    1545-AU11
3022         Guidance Regarding Charitable Remainder Trust........................................    1545-AU25
3023         Adjustments Following Sales of Partnership Interests.................................    1545-AS39
3024         Determination of Earned Premiums.....................................................    1545-AU60
3025         FASIT - Consolidated Groups/Transitional/Start-Up....................................    1545-AV59
3026         Classification of Certain Transactions Involving Computer Programs...................    1545-AU70
3027         Source of Income From Sales of Inventory Partly From Sources Within a Possession of
            the United States.....................................................................    1545-AU79
3028         Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax
            and Civil Penalties for Failure to File...............................................    1545-AC09
3029         New Lines of Business Prohibited Under Section 936(j)(9)(B)..........................    1545-AV67
3030         Inflation-Indexed Securities.........................................................    1545-AU45
3031         Consolidated Returns--Limitations on the Use of Certain Losses and Credits...........    1545-AV88
3032         Consolidated Returns--Limitations on the Use of Certain Losses and Credits...........    1545-AV99
3033         FICA Taxation of Certain Deferred Compensation and Salary Reduction Arrangements.....    1545-AF97
3034         FUTA Taxation of Amounts Under Employee Benefit Plans................................    1545-AT99
3035         Prepaid Telephone Cards..............................................................    1545-AV64
3036         Continuation Coverage Requirements of Group Health Plans.............................    1545-AI93
3037         Voice Signatures.....................................................................    1545-AQ68
3038         Public Disclosure of Material Relating to Tax-Exempt Organizations...................    1545-AV13
3039         Electronic Funds Transfers of Federal Deposits.......................................    1545-AW40
3040         Payment by Credit Card and Debit Card................................................    1545-AW38
3041         Abatement of Interest................................................................    1545-AV32
3042         Definition of Reasonable Basis.......................................................    1545-AU38
3043         Preparer Due Diligence Requirements in Determining Eligibility for the Earned Income
            Tax Credit............................................................................    1545-AW74
3044         Rewards for Information Relating to Violations of Internal Revenue Laws..............    1545-AU85
3045         Treatment of Obligation-Shifting Transactions........................................    1545-AU19
3046         Residence of Trusts and Estates--7701................................................    1545-AU74
3047         Intangible Asset Amortization........................................................    1545-AS77
3048         Start-Up Expenditures................................................................    1545-AT71
3049         ERISA Section 204(h) Notice..........................................................    1545-AT78
3050         Timing of Notice and Consent Requirements............................................    1545-AU05
3051         Contingent Interest Under Section 2056(b)(7).........................................    1545-AU27
3052         Civil Cause of Action for Certain Unlawful Collection Actions........................    1545-AU68
3053         Tax Attribute Reduction..............................................................    1545-AU71
3054         Disclosure of Certain Returns and Return Information by Other Federal Agencies.......    1545-AU84
3055         Agreements for Payment of Tax Liabilities in Installments............................    1545-AU97
3056         Return of Partnership Income--Section 6031...........................................    1545-AU99
3057         Deposits of Excise Taxes.............................................................    1545-AV02
3058         Regulations Under Sections 871, 881, and 894 Regarding Payments to Partnerships, and
            Other Transparent Arrangements........................................................    1545-AV10
3059         Certain Investment Income--7704......................................................    1545-AV15
3060         Treatment of Elective Entity Classification Changes--7701............................    1545-AV16

[[Page 62212]]

 
3061         Removal of Temporary Regulations That Provide Rules for Substantiating Travel Expense
            Deductions for Members of Congress....................................................    1545-AV55
3062         Qualified Long-Term Care Services and Insurance......................................    1545-AV56
3063         Kerosene Tax; Aviation Fuel Tax; Tax on Heavy Trucks and Trailers....................    1545-AV71
3064         Required Distributions From Qualified Plans and Individual Retirement Plans..........    1545-AV82
3065         Disclosure of Return Information to the Bureau of the Census.........................    1545-AV83
3066         Travel and Tour Activity of Tax-Exempt Organization..................................    1545-AW10
3067         Removal of Regulation Providing Guidance Under Subpart F Relating to Partnerships and
            Branches..............................................................................    1545-AW49
3068         Increase in Cashout Limit Under Sections 411(a)(7), 411(a)(11), and 417(e)(1)........    1545-AW58
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3069         Research and Computation of Research Credit Under Section 41 of the Code, After 1986,
            1989 and 1993 Acts....................................................................    1545-AO51
3070         The Treatment of Accelerated Death Benefits Under Sections 101, 7702 and 7702A of the
            Internal Revenue Code.................................................................    1545-AQ70
3071         Qualified Lessee Construction Allowances for Short-Term Leases.......................    1545-AW16
3072         Exclusion From Income of Certain Cost-Sharing Payments Under Government Programs.....    1545-AT73
3073         Definition of ``Private Activity Bonds''.............................................    1545-AU98
3074         Private Activity Bond Rules for Output Facilities....................................    1545-AV47
3075         Earnings Stripping Payments..........................................................    1545-AO24
3076         Section 5f.163-1(B)(2)...............................................................    1545-AP33
3077         Production of Creative Property......................................................    1545-AQ92
3078         Substantiation of Expenses--Receipt Threshold........................................    1545-AT97
3079         Golden Parachute Payments............................................................    1545-AH49
3080         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
3081         Corporate Inversion Transactions.....................................................    1545-AS91
3082         Income Tax--Part 1--Stock Transfer Rules.............................................    1545-AI32
3083         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
3084         Section 361 Outbound Transfers of Property to Foreign Corporations...................    1545-AM97
3085         Treatment of Section 355 Distribution by U.S. Corporations to Foreign Persons........    1545-AU22
3086         Regulations Under Section 382........................................................    1545-AU33
3087         Income Tax--Deduction for Certain Foreign Deferred Compensation Plans................    1545-AD81
3088         Allocation of Accrued Benefits Between Employer and Employee Contributions...........    1545-AT82
3089         Revising the Definition of the Full Funding Limitation for Purposes of the Minimum
            Funding Requirement for Pension Plans.................................................    1545-AL53
3090         Definition of ``Highly Compensated Employee''........................................    1545-AQ74
3091         Treatment of Funded Welfare Benefit Plans............................................    1545-AG14
3092         Guidance--Interest Other Than of Creditor............................................    1545-AO32
3093         Limitations on Passive Activity Losses and Credits--Self-Charged Items...............    1545-AN64
3094         Mark-to-Market Upon Disposition......................................................    1545-AS85
3095         Taxation of Global Trading...........................................................    1545-AP01
3096         Intercompany Transfer Pricing for Services...........................................    1545-AR32
3097         Section 501(c)(4) Regulation Changes Regarding Taxpayer Bill of Rights 2.............    1545-AV57
3098         Application of Attribution Rules to Foreign Trusts...................................    1545-AU91
3099         Inbound Grantor Trusts With Foreign Grantors.........................................    1545-AU90
3100         Section 736--LLC Members.............................................................    1545-AT31
3101         Foreign Insurance Companies..........................................................    1545-AL82
3102         Extension of Time for Real Estate Mortgage Investment Conduits To Provide Reporting
            Information...........................................................................    1545-AP73
3103         FASIT-Consolidated Groups/Transitional Start-up......................................    1545-AU94
3104         Fringe Benefit Sourcing Under Section 861............................................    1545-AO72
3105         Charitable Contributions.............................................................    1545-AP30
3106         Transportation Income Source Rules...................................................    1545-AJ68
3107         Source Rules for Payments Made Pursuant to Certain Swap Arrangements.................    1545-AU89

[[Page 62213]]

 
3108         Treatment of Related Person Factoring Income; Certain Investments in United States
            Property; and Stock Redemptions Through Related Corporations..........................    1545-AH85
3109         Allocation and Apportionment of Interest Expense and Certain Other Expenses..........    1545-AM20
3110         Integrated Financial Transaction.....................................................    1545-AR20
3111         Stocks and Securities Safe Harbor Exception..........................................    1545-AW13
3112         Source Rules for Personal Property Sales.............................................    1545-AJ83
3113         Allocation of Loss on Disposition of Stock...........................................    1545-AT41
3114         Allocation of Loss on Disposition of Personal Property...............................    1545-AW09
3115         Proposed Regulation Under Sections 882 and 884.......................................    1545-AT96
3116         Income of Foreign Governments and International Organizations........................    1545-AL93
3117         Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign
            Investment in Real Property Tax Act...................................................    1545-AK79
3118         Conforming Taxable Years of CFCs and FPHCs: 1989 Change..............................    1545-AO22
3119         Foreign Tax Credit Anti-Abuse Regulation.............................................    1545-AV97
3120         Clarification of Treatment of Separate Limitation Losses.............................    1545-AM11
3121         Application of Section 904 to Income Subject to Separate Limitations and Section
            864(e) Affiliated Group Expense Allocation Rules......................................    1545-AQ43
3122         FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other
            Special Rules for FSC.................................................................    1545-AI16
3123         Source and Grouping Rules for Foreign Sales Corporation Transfer Pricing.............    1545-AV90
3124         Sourcing Rules for Foreign Sales Corporation Transfer Pricing........................    1545-AW11
3125         Sourcing Rules for Foreign Sales Corporation Transfer Pricing........................    1545-AW12
3126         Income Tax--Definition of Qualified Possession Source Investment Income for Purposes
            of Puerto Rico and Possession Tax Credit..............................................    1545-AC10
3127         CBI Investments of Section 936 Funds.................................................    1545-AM91
3128         Insurance Income.....................................................................    1545-AJ70
3129         Foreign Insurance Company--Domestic Election.........................................    1545-AO25
3130         Guidance Under Subpart F Relating to Partnerships....................................    1545-AV11
3131         Earnings and Profits of Controlled Foreign Corporations..............................    1545-AM90
3132         Use of GAAP Earnings as E&P of Foreign Corporations..................................    1545-AQ55
3133         Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch
            Remittances...........................................................................    1545-AM12
3134         Mark-to-Market Method of Accounting Under Section 988................................    1545-AP78
3135         Section 988--Contingent Debt Instrument..............................................    1545-AW33
3136         Income Tax--Tax Reform Act of 1984 Relating to Interest Charge DISCs.................    1545-AG71
3137         Equity Options Without Standard Terms................................................    1545-AV48
3138         General Rules for Making and Maintaining Qualified Electing Fund Elections...........    1545-AV39
3139         Passive Foreign Investment Companies--Special Rules for Foreign Banks and Securities
            Dealers...............................................................................    1545-AS46
3140         S Corporation Subsidiaries...........................................................    1545-AU77
3141         Qualified Zone Academy Bonds.........................................................    1545-AV75
3142         Regulations Under Section 1441 Regarding the Electronic Transmission of Withholding
            Certificates..........................................................................    1545-AV27
3143         Regulations Under Section 1441 Regarding Withholding on Sales of Debt Obligations
            Between Interest Payment Dates........................................................    1545-AV41
3144         Final 1441 Regulation--Technical Corrections.........................................    1545-AW39
3145         Withholding Tax on Payments From Partnerships to Foreign Partners....................    1545-AL32
3146         Consolidated Alternative Minimum Tax.................................................    1545-AN73
3147         Regulations Under Section 1502.......................................................    1545-AU32
3148         Consideration of Repeal of Old 1.1502-13.............................................    1545-AV54
3149         Consolidated Overall Foreign Loss and Separate Limitation Loss Accounts..............    1545-AW08
3150         Applications of Section 1503(d) to Partnerships and Other Items......................    1545-AR26
3151         Valuation of Certain Farm, Real Property, Etc........................................    1545-AT66
3152         Treatment of Real Estate Agents and Direct Sellers as Nonemployees for Employment Tax
            Purposes--Reporting Requirements With Respect to Direct Sellers.......................    1545-AE62
3153         Luxury Tax Regulations--Revenue Reconsideration Act of 1990..........................    1545-AP24
3154         Application of Grantor Trust Rules to Nonexempt Employees' Trust.....................    1545-AU29
3155         Diesel Fuel Excise Tax; Dye Injection Systems and Markers............................    1545-AT18
3156         Information Reporting and Record Maintenance Under Section 6038C.....................    1545-AP10
3157         Information From Passport and Immigration Applicants.................................    1545-AJ93
3158         6046A--Returns as to Interests in Foreign Partnerships...............................    1545-AK75
3159         Section 6048 Regulations.............................................................    1545-AR25
3160         Interest-Free Adjustments............................................................    1545-AQ61

[[Page 62214]]

 
3161         Railroad Unemployment Repayment Tax..................................................    1545-AN40
3162         Federal Employment Tax Deposits De Minimis Rule......................................    1545-AW28
3163         Special Rules for S Corps Under Section 301.7701(b)-7................................    1545-AS88
3164         Extension of Statute of Limitations in John Doe Summons Disputes.....................    1545-AM67
3165         Suspension of Running of Period of Limitations During Proceeding To Enforce
            Designated Summons....................................................................    1545-AQ01
3166         Straddles--Miscellaneous Issues......................................................    1545-AT46
3167         Effect of the Family and Medical Leave Act on the Operation of Cafeteria Plans.......    1545-AT47
3168         Amortization-Goodwill Intangibles 197................................................    1545-AT70
3169         Relief From Disqualification for Plans Accepting Rollovers...........................    1545-AU46
3170         Recomputation of Life Insurance Reserves.............................................    1545-AU49
3171         Treatment of Conduit Financing Using Fast Pay Preferred Stock........................    1545-AV07
3172         Taxpayer Identification Numbers (TINs) for Adopted Children..........................    1545-AV08
3173         Remedial Amendment Period............................................................    1545-AV22
3174         Electronic Tip Reporting.............................................................    1545-AV28
3175         Taxpayer Bill of Rights 2 Changes to Section 7805(b).................................    1545-AV42
3176         EITC Recertification Requirements....................................................    1545-AV61
3177         Continuity of Interest...............................................................    1545-AV81
3178         Transportation of Persons and Property by Air--Sections 4261 and 4271................    1545-AW18
3179         Transportation of Persons and Property by Air--Sections 4261 and 4271................    1545-AW19
3180         Estate Tax Deduction for Qualified Family-Owned Business Interests (QFBI)............    1545-AW21
3181         Guidance Under Subpart F Relating to Certain Hybrid Transactions.....................    1545-AW63
3182         Relief From Joint and Several Liability on Joint Return..............................    1545-AW64
3183         Information Reporting Requirements of Interest Received on Education Loans...........    1545-AW67
3184         Election To Treat Trust As Estate--Section 645.......................................    1545-AW24
3185         Taxpayer Assistance Orders...........................................................    1545-AU01
3186         Regulations on Income Tax Under the Tax Reform Act of 1984, Relating to Below-Market
            Loans.................................................................................    1545-AH72
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3187         Foreign Taxpayers....................................................................    1545-AQ93
3188         Transfers of Stock or Securities by U.S. Persons to Foreign Corporations.............    1545-AP81
3189         Withdrawal of Proposed Regulations...................................................    1545-AV35
3190         Valuation of Plan Distribution.......................................................    1545-AT27
3191         Source and Grouping Rules for Foreign Sales Corporation Transfer Pricing.............    1545-AV91
3192         Guidance Under Subpart S Relating to Partnerships and Branches.......................    1545-AW07
3193         Rules for a QBU Changing From the Profit-and-Loss Method to DASTM....................    1545-AR28
3194         Change From the Dollar Approximate Separate Transactions Method (DASTM) to the Profit-
            and-Loss Method of Accounting.........................................................    1545-AS68
3195         Conversion to the Euro...............................................................    1545-AW34
3196         QEF Shareholder Election - Special Preferred Stock Election..........................    1545-AM41
3197         Consolidated Returns--Limitations on the Use of Certain Losses and Credits...........    1545-AV98
3198         Communications Tax Issues............................................................    1545-AU86
3199         Electing Large Partnership Items and Adjustments.....................................    1545-AV76
3200         Electing Large Partnership Items and Adjustments.....................................    1545-AV77
3201         Federal Employment Tax Deposits--De Minimis Rule.....................................    1545-AW29
3202         Technical Corrections for Chapter 14.................................................    1545-AR49
3203         Excise Tax on Heavy Trucks, Truck Trailers and Semitrailers, and Tractors............    1545-AT63
3204         Magnetic Media Filing Requirements...................................................    1545-AU08
3205         LLC Recourse Debt and Qualified Nonrecourse Financing................................    1545-AV17
3206         Permitted Elimination of Pre-Retirement Optional Forms of Benefit....................    1545-AV26
3207         EITC Recertification Requirements....................................................    1545-AV62
3208         Election Not To Apply Look-Back Method to Qualified Long-Term Contracts..............    1545-AV79
3209         Kerosene Tax; Aviation Fuel Tax; Tax on Heavy Trucks and Trailers....................    1545-AW15
----------------------------------------------------------------------------------------------------------------


[[Page 62215]]


                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3210        12 CFR 563f   Management Official Interlocks..........................................    1550-AB07
3211        12 CFR 567   Capital Rules............................................................    1550-AB11
3212        12 CFR 516   Application Processing...................................................    1550-AB14
3213        12 CFR 563   Know Your Customer.......................................................    1550-AB15
3214        12 CFR 545   Types of Offices.........................................................    1550-AB18
3215        12 CFR 545   Directors and Officers...................................................    1550-AB19
3216        12 CFR 502   Assessments..............................................................    1550-AB20
3217        12 CFR 545   Letters of Credit, Suretyship and Guaranty...............................    1550-AB21
3218        12 CFR 545   Non-Deposit Investment Products..........................................    1550-AB22
3219        12 CFR 528   Nondiscrimination........................................................    1550-AB23
3220        12 CFR 563b   Conversions.............................................................    1550-AB24
3221        12 CFR 590   Due on Sale and Usury Preemption.........................................    1550-AB25
3222        12 CFR 584   Exempt Savings and Loan Holding Companies................................    1550-AB26
3223        12 CFR 561   Consumer Credit Classified as a Loss, Slow Consumer Credit and Slow Loans    1550-AB28
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3224        12 CFR 563   Capital Distributions....................................................    1550-AA72
3225        12 CFR 545   Electronic Operations....................................................    1550-AB00
3226        12 CFR 563   Financial Management Policies; Derivative Instruments....................    1550-AB13
3227        12 CFR 570   Year 2000 Safety and Soundness Guidelines................................    1550-AB27
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3228        12 CFR 563   Agency Disapproval of Directors and Senior Executive Officers............    1550-AB10
3229        12 CFR 560   Disclosures for Adjustable-rate Mortgage Loans, Adjustment Notices, and
            Interest-rate Caps....................................................................    1550-AB12
3230        12 CFR 563   Transactions With Affiliates; Reverse Repurchase Agreements..............    1550-AB16
3231        12 CFR 544   Charter and Bylaws; One Member, One Vote.................................    1550-AB17
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)               Final Rule Stage
Departmental Offices (DO)
_______________________________________________________________________

2794. 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 62216]]

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                    04/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeffrey C. Berg, Legal Counsel, Department of the 
Treasury, CDFI Fund, 601 13th St. NW., Suite 200-South, Washington, DC 
20005
Phone: 202 622-8530
Fax: 202 622-7754

RIN: 1505-AA71
BILLING CODE 4810-25-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)            Proposed Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2795. 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                            03/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Chief 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
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)               Final Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2796. 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                    12/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Chief 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
_______________________________________________________________________

2797. 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                    12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Chief 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
_______________________________________________________________________

2798. 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                    12/00/98

Regulatory Flexibility Analysis Required: Undetermined

[[Page 62217]]

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Chief 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
_______________________________________________________________________

2799. 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                    12/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Chief 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
_______________________________________________________________________

2800. 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                            05/18/98                    63 FR 27230
Final Action                    06/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Stephen R. Kroll, Chief 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)              Long-Term Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2801. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1506-AA05
_______________________________________________________________________

2802. 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

Regulatory Flexibility Analysis Required: No

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)
_______________________________________________________________________

2803. 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.

CFR Citation:  31 CFR 103

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/21/98                    63 FR 50147

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1506-AA12
BILLING CODE 4820-02-F

[[Page 62218]]

_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)            Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________

2804. 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                            01/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Federal

Agency Contact: Cynthia 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-AA38
_______________________________________________________________________

2805. 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

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
Final Rule (NPRM I)             04/00/99
NPRM II                         04/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2806. 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's 
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                            10/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2807. 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

[[Page 62219]]

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)               Final Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________

2808. 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
NPRM Comment Period End         01/03/95                    59 FR 60576
NPRM                            02/02/98                     63 FR 5426
NPRM Comment Period End         05/04/98
Final Action                    01/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2809. 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. Also, notice is provided of the role of the Bureau of 
Public Debt in collateral valuation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/15/96                    61 FR 58493
NPRM Comment Period End         12/16/96
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Cynthia 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-AA36
_______________________________________________________________________

2810. 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.''

[[Page 62220]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/96                     61 FR 2750
NPRM Comment Period End         02/28/96
Final Action                    04/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Maria Guido, Senior Advisor, International Funds 
Branch, Department of the Treasury, Financial Management Service, Room 
5A30, PGCII, 3700 East-West Highway, Hyattsville, MD 20782
Phone: 202 874-8943

RIN: 1510-AA48
_______________________________________________________________________

2811. 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                    12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2812. 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

________________________________________________________________________

NPRM                            08/04/98                    63 FR 41688
NPRM Comment Period End         09/04/98
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2813. 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
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2814. 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              04/28/98                    63 FR 23353
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: No

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

[[Page 62221]]

_______________________________________________________________________

2815. 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                            04/22/98                    63 FR 20006
NPRM Comment Period End         05/22/98
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2816.  DEPOSITARIES AND FINANCIAL AGENTS OF THE FEDERAL 
GOVERNMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 90; 12 USC 265; 12 USC 266; 12 USC 391; 12 USC 
1452(d); 12 USC 1464(k); 12 USC 1789a; 12 USC 2013; 12 USC 2122; 12 USC 
3101; 12 USC 3102; 12 USC 3303; 12 USC 3336

CFR Citation:  31 CFR 202; 31 CFR 380

Legal Deadline: None

Abstract: The revision will direct readers to a new Bureau of the 
Public Debt regulation at 31 CFR part 380 that addresses the 
eligibility and valuation of (1) collateral securing deposits of public 
money, including, but not limited to, Federal Tax Payments, and (2) 
collateral security provided by persons permitted by Federal law to 
give agencies Government obligations in lieu of surety bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Cynthia L. Johnson, Director, Cash Management Policy & 
Planning, Division, Department of the Treasury, Financial Management 
Service, 401 14th Street SW., Room 420, Washington, DC 20227
Phone: 202 874-6657
Fax: 202 874-6965

RIN: 1510-AA75
_______________________________________________________________________

2817.  PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN 
PROGRAM

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 90; 12 USC 265; 12 USC 266; 12 USC 332; 12 USC 
391; 12 USC 1452(d); 12 USC 1464(k); 12 USC 1767; 12 USC 1789(a); 12 
USC 2013; 12 USC 2122; 12 USC 3102; 12 USC 6302; 12 USC 321; 12 USC 323

CFR Citation:  31 CFR 203; 31 CFR 380

Legal Deadline: None

Abstract: The revision will direct readers to a new Bureau of the 
Public Debt regulation at 31 CFR part 380 that addresses the 
eligibility and valuation of (1) collateral securing deposits of public 
money, including, but not limited to, Federal Tax Payments, and (2) 
collateral security provided by persons permitted by Federal Law to 
give agencies Government obligations in lieu of surety bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Additional Information: Additional Legal Authorities 31 USC 3301; 31 
USC 3302; 31 USC 3303; 31 USC 3304

Agency Contact: Cynthia L. Johnson, Director, Cash Management Policy & 
Planning, Division, Department of the Treasury, Financial Management 
Service, 401 14th Street SW., Room 420, Washington, DC 20227
Phone: 202 874-6657
Fax: 202 874-6965

RIN: 1510-AA76
_______________________________________________________________________

2818.  ACCEPTANCE OF BONDS SECURED BY GOVERNMENT OBLIGATIONS IN 
LIEU OF BONDS WITH SURETIES

Priority:  Substantive, Nonsignificant

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

CFR Citation:  31 CFR 225; 31 CFR 380

Legal Deadline: None

Abstract: The revision will direct readers to a new Bureau of the 
Public Debt regulation at 31 CFR part 380 that addresses the 
eligibility and valuation of (1) collateral securing deposits of public 
money, including, but not limited to, Federal Tax Payments, and (2) 
collateral security provided by persons permitted by Federal law to 
give agencies Government obligations in lieu of surety bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Cynthia L. Johnson, Director, Cash Management Policy & 
Planning, Division, Department of the Treasury, Financial Management 
Service, 401 14th Street SW., Room 420, Washington, DC 20227
Phone: 202 874-6657
Fax: 202 874-6965

RIN: 1510-AA77

[[Page 62222]]

_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)              Long-Term Actions
Financial Management Service (FMS)
_______________________________________________________________________

2819. 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.

CFR Citation:  31 CFR 203

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM I                          09/30/96                    61 FR 51186
NPRM I Comment Period End       01/13/97                    61 FR 59211


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michael Dressler
Phone: 202 874-7106

RIN: 1510-AA37
_______________________________________________________________________

2820. PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  31 CFR 256

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Wanda Rogers
Phone: 202 874-6664
Fax: 202 874-9522
Email: [email protected]

RIN: 1510-AA52
_______________________________________________________________________

2821. OFFSET OF FEDERAL BENEFIT PAYMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 285.4

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/21/98                    63 FR 44991
ANPRM Comment Period End        09/21/98


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-6859

RIN: 1510-AA64
_______________________________________________________________________

2822. 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

CFR Citation:  31 CFR 285.6

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Agency Contact: Gerry Isenberg
Phone: 202 874-6859

RIN: 1510-AA66
_______________________________________________________________________

2823. PUBLIC DISSEMINATION OF IDENTITY OF DELINQUENT DEBTORS

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 285.14

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-6859

RIN: 1510-AA72
_______________________________________________________________________

2824.  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 tier 2 benefit payments).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              08/21/98                    63 FR 44986
Interim Final Rule Effective    08/21/98
Interim Final Rule Comment 
Period End                      09/21/98


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Additional Information: A notice of proposed rulemaking under RIN 1510-
AA64 will be published simultaneously with this interim final rule and 
will cross-reference this rule.

Agency Contact: Ellen Neubauer, Senior Attorney, Department of the 
Treasury, Financial Management Service, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-0778
Fax: 202 874-6627

RIN: 1510-AA74

[[Page 62223]]

_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)              Completed Actions
Financial Management Service (FMS)
_______________________________________________________________________

2825. 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 31 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 eligible for Federal payments 
on or after July 26, 1996, are to receive those payments by EFT unless 
they certify in writing that they do not have an account with a 
financial institution. The first phase was implemented by interim 
regulations published that date. Second, beginning January 2, 1999, all 
Federal payments (except payments under the Internal Revenue Code) must 
be made by EFT unless waived by the Secretary of Treausry. 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                    09/25/98                    63 FR 51490

Regulatory Flexibility Analysis Required: No

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: 202 874-6590

RIN: 1510-AA56
_______________________________________________________________________

2826. COLLECTION OF PAST-DUE SUPPORT BY ADMINISTRATIVE OFFSET

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 285.1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/28/98                    63 FR 46141

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-6859

RIN: 1510-AA58
_______________________________________________________________________

2827. ELECTRONIC BENEFITS TRANSFER; SELECTION AND DESIGNATION OF 
FINANCIAL INSTITUTIONS AS 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 to 3336

CFR Citation:  31 CFR 207

Legal Deadline: None

Abstract: 31 CFR part 207 is being withdrawn. Those provisions of 
proposed rule 31 CFR part 207 that relate to the statutory authority of 
the Secretary of Treasury to designate financial institutions to 
provide EBT services, including the offering of Treasury-designated 
accounts, as Treasury's financial agents have been modified and 
incorporated into final rule 31 CFR part 208.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/09/97                    62 FR 25572
NPRM Comment Period End         07/08/97
Withdrawn                       09/25/98                    63 FR 51490

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2828. TAXPAYER IDENTIFYING NUMBER REQUIREMENT

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 212

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/09/98                    63 FR 54426

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Sally Phillips
Phone: 202 874-6749

RIN: 1510-AA61
_______________________________________________________________________

2829. OFFSET OF TAX REFUND PAYMENTS TO COLLECT PAST-DUE, LEGALLY 
ENFORCEABLE NONTAX DEBT

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 285.2

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/28/98                    63 FR 46139

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-6859

RIN: 1510-AA62
_______________________________________________________________________

2830. ADMINISTRATIVE WAGE GARNISHMENT

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 285.11

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/06/98                    63 FR 25136
Final Action Effective          06/05/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local, Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-6859

RIN: 1510-AA67
_______________________________________________________________________

2831. OBTAINING TAXPAYER IDENTIFYING NUMBERS FROM PERSONS DOING BUSINESS 
WITH THE GOVERNMENT

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 285.15

[[Page 62224]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/01/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-6859

RIN: 1510-AA69
_______________________________________________________________________

2832. DEBT SALES

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 285.16

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/01/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-6859

RIN: 1510-AA73
BILLING CODE 4810-35-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)                  Prerule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________

ALCOHOL
____________________________________________________
2833. AMERICAN VITICULTURAL AREAS

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205

CFR Citation:  27 CFR 9

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/00/98
California Coastal, CA (David Brokaw)  ANPRM 11/00/98

Chiles Valley, CA (contact Thomas Busey)  NPRM 03/20/98 (63 FR 
13583)  Comment Period End 05/19/98  Final Rule 11/00/98

Diablo Grande, CA (contact David Brokaw)  NPRM 06/24/97 (62 FR 
34027)  Comment Period End 08/25/97  Final Rule 06/22/98 (63 FR 33850)

Oak Knoll District, CA (Joyce Drake)  NPRM 11/00/98

San Francisco Bay, CA (contact David Brokaw)  NPRM 10/20/97 (62 FR 
54399)  Comment Period End 01/20/98  Final Rule 11/00/98

Yorkville Highlands & Realignment of Mendocino, CA (Marj Ruhf)  NPRM 
07/25/97 (62 FR 39984)  NPRM Comment Period End 09/23/97  Final Rule 
04/07/98 (63 FR 16902)  Final Rule 04/07/98 (63 FR 16902)

Yountville, CA (contact Thomas Busey)  NPRM 08/26/98 (63 FR 45427)

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2834.  COUNTRY OF ORIGIN STATEMENTS ON DISTILLED SPIRITS LABELS

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 1304; 27 USC 205

CFR Citation:  27 CFR 5

Legal Deadline: None

Abstract: ATF plans to issue an advance notice to obtain comments from 
consumers and industry members regarding the labeling of distilled 
spirits products. Specifically, ATF is requesting comments regarding 
how the requirement to identify the country of origin, found at 27 CFR 
5.36(e) should be applied to mixtures of imported and domestic spirits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1512-AB72
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)            Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________

ALCOHOL
____________________________________________________
2835. 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.

[[Page 62225]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/08/92                    57 FR 40887
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   10/15/92                    57 FR 47320
ANPRM Comment Period Extended 
End                             12/07/92
ANPRM                           08/09/96                    61 FR 41500
ANPRM Comment Period End        12/10/96
NPRM                            03/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2836. REVISION OF BREWERY REGULATIONS AND ISSUANCE OF REGULATIONS FOR 
TAVERNS ON BREWERY PREMISES (BREWPUBS)

Regulatory Plan:  This entry is Seq. No. 95 in Part II of this issue of 
the Federal Register.

RIN: 1512-AB37
_______________________________________________________________________

2837. 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                            11/00/98

Regulatory Flexibility Analysis Required: Yes
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
_______________________________________________________________________

2838. 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                            05/15/98                    63 FR 27017
NPRM Comment Period End         08/13/98
NPRM Comment Period Reopened    09/18/98                    63 FR 49883
NPRM Comment Period Extended to 10/19/98
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2839.  IMPLEMENTATION OF PUBLIC LAW 105-34, SECTION 1416 
RELATING TO REFUND OF TAX FOR DOMESTIC WINE RETURNED TO BOND REGARDLESS 
OF MERCHANTABILITY - (TAXPAYER RELIEF ACT OF 1997)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 5044; 26 USC 5361; 26 USC 5367; 26 USC 5371

CFR Citation:  27 CFR 24.66; 27 CFR 24.295; 27 CFR 24.312

Legal Deadline: None

Abstract: ATF is issuing three changes to the wine regulations as a 
result of the enactment of the Taxpayer Relief Act of 1997. This 
amendment informs interested parties of a change by the act that 
provides for a refund of the tax for all domestic wine returned to 
bond, rather than, exclusively for un-merchantable wine returned to 
bond.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mary A. Wood, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washingtonc DC 20226
Phone: 202 927-8185
Fax: 202 927-8602

RIN: 1512-AB74

[[Page 62226]]

_______________________________________________________________________

2840.  IMPLEMENTATION OF PUBLIC LAW 105-34, SECTIONS 1421 AND 
1422

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 24; 27 CFR 25; 27 CFR 250; 27 CFR 251

Legal Deadline: None

Abstract: This notice implements section 1421 and 1422 of the Taxpayer 
Relief Act of 1997. This will permit importation in bond of bulk 
containers of wine and beer.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

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: 202 927-8202
Fax: 202 927-8602
Email: [email protected]

RIN: 1512-AB75
_______________________________________________________________________

FIREARMS
____________________________________________________
2841. COMMERCE IN EXPLOSIVES (INCLUDING EXPLOSIVES IN THE FIREWORKS 
INDUSTRY)

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

RIN: 1512-AB48
_______________________________________________________________________

2842.  IMPLEMENTATION OF PUBLIC LAW 104-208, THE OMNIBUS 
CONSOLIDATED APPROPRIATIONS ACT OF 1997, RELATING TO THE ESTABLISHMENT 
OF A NATIONAL REPOSITORY FOR ARSON AND EXPLOSIVES INFORMATION

Priority:  Substantive, Nonsignificant

Legal Authority:  18 USC 846(b)

CFR Citation:  27 CFR 55

Legal Deadline: None

Abstract: ATF is issuing this temporary rule to implement certain 
provisions of Public Law 104-208, the Omnibus Consolidated 
Appropriations Act of 1997 (the Act), enacted September 30, 1996. The 
Act amended the Federal explosives laws in title 18, United States 
Code, chapter 40, to require all Federal agencies to report to ATF any 
information involving arson or the suspected criminal misuse of 
explosives. The Act also authorizes ATF to establish a repository for 
this information. In addition, the law provides that such repository 
will contain information on incidents voluntarily reported to ATF by 
State and local authorities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: James Ficaretta, Program Manager, 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-AB73
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)               Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________

ALCOHOL
____________________________________________________
2843. 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 made 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 made 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                    12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2844. 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

[[Page 62227]]

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                    11/00/98

Regulatory Flexibility Analysis Required: 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
_______________________________________________________________________

2845. FORMULAS FOR DENATURED ALCOHOL AND RUM

Priority:  Substantive, Nonsignificant

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

Legal Authority:  5 USC 552(a); 26 USC 5242; 26 USC 7805

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

Legal Deadline: None

Abstract: This document proposes to amend part 21 to incorporate 
denaturants that have been approved pursuant to applications but not 
yet published in this part, as well as to clarify the regulations where 
necessary. Additionally, this document proposes to make a minor 
technical correction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/31/96                    61 FR 39929
NPRM Comment Period End         09/30/96
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2846. 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                    03/00/99

Regulatory Flexibility Analysis Required: No

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
____________________________________________________
2847. 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.; and (5) amend the American table of distances to 
conform with the explosive industry's latest revisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/15/96                    61 FR 53688
NPRM Comment Period End         01/13/97
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Mark Waller, 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
_______________________________________________________________________

2848. 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

[[Page 62228]]

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                    12/00/98

Regulatory Flexibility Analysis Required: No

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
____________________________________________________
2849. 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                    11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2850. COMMERCE IN FIREARMS AND AMMUNITION (OMNIBUS CONSOLIDATED 
APPROPRIATIONS ACT OF 1997)

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                            06/30/98                    63 FR 35551
Interim Final Rule              06/30/98                    63 FR 35520
NPRM Comment Period End         09/28/98
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2851. 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                    11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2852. 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

[[Page 62229]]

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                    11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2853. 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                    11/00/98

Regulatory Flexibility Analysis Required: No

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
____________________________________________________
2854. 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                    06/00/99

Regulatory Flexibility Analysis Required: No

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
____________________________________________________
2855. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AB17
_______________________________________________________________________

2856. 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

[[Page 62230]]

NPRM Comment Period End         08/12/96


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AB51
_______________________________________________________________________

2857. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1512-AB57
_______________________________________________________________________

2858. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AB59
_______________________________________________________________________

2859.  IMPLEMENTATION OF PUBLIC LAW 105-34, SECTIONS 908, 910 
AND 1415, RELATED TO HARD CIDER, SEMI-GENERIC WINE DESIGNATIONS AND 
WHOLESALE LIQUOR DEALER'S SIGNS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 4; 27 CFR 19; 27 CFR 24; 27 CFR 194; 27 CFR 250; 
27 CFR 251

Legal Deadline: None

Abstract: This temporary rule implements some of the provisions of the 
Taxpayer Relief Act of 1997. The new law made changes in the excise tax 
on hard cider, clarified the authority to use semi-generic designations 
on wine labels, and repealed the requirement for wholesale dealers in 
liquors to post signs. The wine regulations are amended to incorporate 
the new hard cider tax rate and to recognize the labeling changes 
relative to the description to hard cider. These regulations are also 
amended to incorporate the semi-generic wine designations, and the 
liquor dealers' regulations are amended to eliminate the requirement 
for posting a sign.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1512-AB71
_______________________________________________________________________

2860.  ALTERATION OF LABELS ON CONTAINERS OF DISTILLED SPIRITS, 
WINE AND BEER

Priority:  Substantive, Nonsignificant

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

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

Legal Deadline: None

Abstract: ATF is proposing to amend the regulations in 27 CFR parts 4, 
5, and 7. The proposed amendments to the regulations will require that 
a lot identification code be placed on the label or container of all 
wine, malt beverage and distilled spirits products. The lot 
identification code will be mandatory item of information and it will 
be illegal to remove or alter the codes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/99

Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1512-AB76
_______________________________________________________________________

TOBACCO PRODUCTS
____________________________________________________
2861. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie Ruhf

[[Page 62231]]

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)
_______________________________________________________________________

2862. FIREARMS AND AMMUNITION EXCISE TAXES

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 53

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/01/98                    63 FR 52601

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marsha Baker
Phone: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB33
_______________________________________________________________________

2863. 27 CFR PART 70--CONFERENCE AND PRACTICE REQUIREMENTS FOR THE 
BUREAU OF ALCOHOL, TOBACCO, AND FIREARMS

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 70.511 to 70.526

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Further Study 
Required                        05/29/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marsha Baker
Phone: 202 927-8220
Fax: 202 927-8602

RIN: 1512-AB11
BILLING CODE 4810-31-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)            Proposed Rule Stage
Bureau of the Public Debt (BPD)
_______________________________________________________________________

2864.  REGULATIONS GOVERNING CORRELATE ACCEPTABILITY AND 
VALUATION

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 90; 12 USC 265 to 266; 12 USC 332; 12 USC 391; 
12 USC 1452(d); 12 USC 1464(k); 12 USC 1789a; 12 USC 2013; 12 USC 2122; 
26 USC 6302; 31 USC 321; 31 USC 323; 31 USC 3301 to 3303; 31 USC 9301; 
31 USC 9303

CFR Citation:  31 CFR 380 (New)

Legal Deadline: None

Abstract: The proposal will only address the eligibility and valuation 
of required collateral for the payment of certain Federal taxes through 
Treasury Tax and Loan accounts, to secure deposits of public monies 
under the control of public officials and to secure an obligation in 
lieu of a surety bond.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98
NPRM Comment Period End         11/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Kurt Eidemiller, Government Securities Specialist, 
Department of the Treasury, Bureau of the Public Debt, Government 
Securities Regulations Staff, Bureau of Public Debt, Room 515, 999 E 
Street NW., Washington, DC 20239-0001
Phone: 202 219-3632
Email: [email protected]

RIN: 1535-AA00
_______________________________________________________________________

2865.  AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: 
REPORTS TO BE MADE BY SPECIALIZED GOVERNMENT SECURITIES BROKER-DEALERS 
REGARDING YEAR 2000 READINESS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  17 CFR 405

Legal Deadline: None

Abstract: The proposal would require registered Government securities 
brokers and dealers to file reports regarding their year 2000 
readiness. The reports will increase these firms' awareness that they 
should be taking specific steps now to prepare for the year 2000 and 
will help regulators monitor the actions these firms are taking to 
manage and avoid year 2000 problems. These proposed rules will parallel 
the Securities and Exchange Commission's final rules amending 17 CFR 
240.17a-5, issued on July 13, 1998 (63 FR 37668).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98
NPRM Comment Period End         11/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Chuck Andreatta, Government Securities Specialist, 
Department of the Treasury, Bureau of the Public Debt, Government 
Securities Regulation Staff, Room 515, 999 E Street NW., Washington, DC 
20239-0001
Phone: 202 219-3632
Email: [email protected]

RIN: 1535-AA01
BILLING CODE 4830-01-F

[[Page 62232]]

_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)            Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________

2866. UNIFORM RULES OF PRACTICE AND PROCEDURE; REGULATION REVIEW

Priority:  Substantive, Nonsignificant

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

Action                            Date                      FR Cite

________________________________________________________________________

NPRM - Suspension and Debarment 
of Accountants                  12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2867. 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                            08/11/98                    63 FR 43051
NPRM Comment Period End         10/13/98
Final Action                    06/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2868. 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 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                            12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2869.  BANK SECRECY ACT COMPLIANCE: ``KNOW YOUR CUSTOMER'' 
REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a; 12 USC 1818; 12 USC 1881 to 1884; 12 USC 
3401 to 3422; 31 USC 5318

CFR Citation:  12 CFR 21.21

Legal Deadline: None

Abstract: The OCC is proposing to issue regulations requiring each 
national bank to develop and maintain a ``Know Your Customer'' program 
that is designed to identify its customers, determine their sources of 
funds, and monitor their transactions for suspicious activities. These 
regulations are intended to reduce the likelihood that banks will 
become unwitting participants in money laundering and other illicit 
activities of their customers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/98

Regulatory Flexibility Analysis Required: No

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-AB66
_______________________________________________________________________

2870.  YEAR 2000 READINESS REPORTS FOR TRANSFER AGENT ACTIVITIES

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 9

Legal Deadline: None

Abstract: The OCC is considering proposing to require national banks 
that are registered transfer agents to file reports regarding their 
Year 2000 readiness with respect to their transfer agent activities. 
The Securities and Exchange Commission (SEC) recently adopted year 2000 
readiness requirements for nonbank transfer agents. This proposal would 
incorporate the SEC's rule with certain

[[Page 62233]]

modifications to apply those requirements to national bank transfer 
agents.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Stuart Feldstein, 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-AB68
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)               Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________

2871. 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 
amending 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; (6) market risk 
(specific risk); and (7) claims on securities firms. The OCC is 
conducting all but the market risk rulemaking jointly with the other 
Federal banking agencies. The market risk regulation is being done 
jointly with the FDIC and the FRB.

Timetable:

Claims on Securities Firms  Interim Rule w/Request for Comments 11/00/
98

Collateralized Transactions  NPRM 08/16/96 (61 FR 42565)  Final Rule 
12/00/98

CDRI Section 303 Capital Amendments  NPRM 10/27/97 (62 FR 55686)  Final 
Rule 12/00/98

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

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

Servicing Assets  Interim Rule 08/01/95 (60 FR 39226)  NPRM 08/04/97 
(62 FR 42006)  Final Rule 08/10/98 (63 FR 42667)

Unrealized Revaluation Gains on Certain Equity Securities  NPRM 10/27/
97 (62 FR 55682)  Final Rule 09/01/98 (63 FR 46517)

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2872. 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 have 
implemented 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 are eligible 
for an examination every 18 months rather than every 12 months.

Timetable:

18-Month Exam Cycle for Federal Branches and Federal Agencies  Interim 
Rule w/Request for Comments 08/28/98 (63 FR 46117)  Interim Rule 
Effective Date 08/28/98  Final Rule 06/00/99

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  Final Rule 04/02/98 (63 FR 16378)  Final Rule Effective Date 04/02/
98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2873. ORGANIZATION AND FUNCTIONS, AVAILABILITY AND RELEASE OF 
INFORMATION, CONTRACTING OUTREACH PROGRAM

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a; 12 USC 481; 12 USC 1820(d)(6); 12 USC 
1867

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 
interim rule amends the OCC's regulations to permit the OCC to disclose 
confidential information to a supervised entity or other persons, when 
in the OCC's judgment it is necessary or appropriate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Rule                    11/00/98

[[Page 62234]]

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2874.  INTERAGENCY GUIDELINES ESTABLISHING YEAR 2000 STANDARDS 
FOR SAFETY AND SOUNDNESS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 30 app B

Legal Deadline: None

Abstract: The guidelines establish Year 2000 safety and soundness 
standards under section 39 of the Federal Deposit Insurance Act (12 USC 
1831p-1) to address the Year 2000 problem. Under the auspices of the 
Federal Financial Institutions Examination Council (FFIEC), the 
agencies have already issued several statements providing guidance on 
important aspects of Year 2000 readiness. The guidelines complement 
those statements by establishing minimum safety and soundness standards 
for achieving Year 2000 readiness.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Rule Effective Date     10/15/98                    63 FR 55480
Interim Rule With Request for 
Comments                        10/15/98                    63 FR 55480
Final Action                    01/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ursula Pfeil, Attorney, 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-AB67
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)              Long-Term Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________

2875. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1557-AB54
_______________________________________________________________________

2876. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Nancy Michaleski
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB59
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)              Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________

2877. INTERNATIONAL LENDING SUPERVISION

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 28

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/26/98                    63 FR 57047
Final Action Effective          01/01/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1557-AB58
_______________________________________________________________________

2878. MUNICIPAL SECURITIES DEALERS

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 10

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/28/98                    63 FR 29092
Final Action Effective          06/29/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ursula Pfeil
Phone: 202 874-5090
Fax: 202 874-4889

[[Page 62235]]

Email: [email protected]

RIN: 1557-AB62
BILLING CODE 4810-33-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)            Proposed Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________

2879. LIQUIDATION; EXTENSION; SUSPENSION

Priority:  Substantive, Nonsignificant

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

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

CFR Citation:  19 CFR 159

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2880. DETENTION, SEIZURE, AND FORFEITURE OF ``BOOTLEG'' SOUND RECORDING 
AND MUSIC VIDEOS OF LIVE MUSICAL PERFORMANCES

Priority:  Substantive, Nonsignificant

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2881. RECONCILIATION

Priority:  Substantive, Nonsignificant

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

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

CFR Citation:  19 CFR 142; 19 CFR 159

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2882. 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                            10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 62236]]

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
_______________________________________________________________________

2883. 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                            04/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2884. 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                            09/29/98                    63 FR 51868
NPRM Comment Period End         11/30/98
Final Action                    04/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charles Ressin, Branch Chief, Penalties Branch, 
Department of the Treasury, United States Customs Service, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 927-2344

RIN: 1515-AC21
_______________________________________________________________________

2885. 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 Free 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                            11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2886.  FOREIGN REPAIRS TO AMERICAN VESSELS

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 
USC 1434; 19 USC 1466; 19 USC 1498; 19 USC 1624; 46 USC app 3; 46 USC 
app 91

CFR Citation:  19 CFR 4; 19 CFR 159

Legal Deadline: None

Abstract: Amendment to revise the Customs Regulations regarding the 
declaration, entry, assessment of duty and processing of petitions for 
relief from duty for vessels of the United States which undergo foreign 
shipyard operations. Amendment reflects underlying statutory authority, 
as well as legal and policy determinations made as a result of judicial 
decisions and administrative enforcement experience.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Larry L. Burton, Attorney, Entry Procedures and 
Carriers Branch, Department of the Treasury, United States Customs 
Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1287

RIN: 1515-AC30
_______________________________________________________________________

2887.  COUNTRY OF ORIGIN MARKING

Priority:  Substantive, Nonsignificant

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

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

[[Page 62237]]

CFR Citation:  19 CFR 134

Legal Deadline: None

Abstract: Amendments clarify the country of origin marking rules set 
forth in part 134 of the Customs Regulations. Amendments promote the 
concept of informed compliance by the trade and proper field 
administration of the statutory requirement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sandra L. Bell, Chief, 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-AC32
_______________________________________________________________________

2888.  CUSTOMS BROKERS

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 1641; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 
USC 1484; 19 USC 1498

CFR Citation:  19 CFR 111

Legal Deadline: None

Abstract: Amendment revises Customs Regulations governing the licensing 
and conduct of Customs brokers in the performance of Customs business 
on behalf of others. Revision includes changes to reflect amendments to 
the underlying statutory authority enacted as part of the Customs 
Modernization provisions of the North American Free Trade Agreement 
Implementation Act as well as changes to reflect the recent 
reorganization of Customs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jerry Laderberg, Chief, Entry Procedures and Carriers 
Branch, Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2320

RIN: 1515-AC34
_______________________________________________________________________

2889.  VESSEL EQUIPMENT TEMPORARILY LANDED FOR REPAIR

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 4

Legal Deadline: None

Abstract: Amendment provides for the temporary landing in the United 
States of vessel equipment in need of repair, without requiring entry 
of that equipment under a Temporary Importation Bond (TIB). Such 
equipment would be permitted to be landed for repair and relading 
aboard the same vessel, subject to Customs issuance of a special permit 
or license for the landed equipment under an International Carrier 
Bond.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Larry Burton, Attorney, Entry Procedures and Carriers 
Branch, Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Ave. NW., Washington, DC 20229
Phone: 202 027-1287

RIN: 1515-AC35
_______________________________________________________________________

2890.  FORCED OR INDENTURED CHILD LABOR

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1307; 19 
USC 1624

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment of Customs Regulations to provide for the seizure 
and forfeiture of merchandise that is found to be a prohibited 
importation under applicable Customs law concerning products of convict 
labor, forced labor, or indentured labor under penal sanctions. 
Amendment makes clear that nothing in the regulations precludes Customs 
from seizing for forfeiture merchandise imported in violation of 
applicable Federal criminal law dealing with prison-labor goods. 
Amendment is intended to stop illegal shipments of products of forced 
or indentured child labor and to punish violators.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glen E. Vereb, Attorney, Entry Procedures and Carriers 
Branch, Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2320

RIN: 1515-AC36
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)               Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________

2891. 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.

[[Page 62238]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/26/98                    63 FR 14662
NPRM Comment Period End         05/26/98
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2892. 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                            06/09/98                    63 FR 31385
NPRM Comment Period End         08/10/98
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2893. 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                    11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2894. 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                    11/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1515-AB67
_______________________________________________________________________

2895. 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                    12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 62239]]

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
_______________________________________________________________________

2896. 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 1624; 31 USC 9701

CFR Citation:  19 CFR 24; 19 CFR 159

Legal Deadline: None

Abstract: Amendment to reflect the provisions of section 505 of the 
Tariff Act of 1930 as amended by section 642(a) 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2897. 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                    12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Shawn Filion, Commercial Program Specialist, Department 
of the Treasury, United States Customs Service, Office of Field 
Operations, North Star Commercial, P.O. Box 400, Buffalo, New York 
14225
Phone: 202 927-1082

RIN: 1515-AB87
_______________________________________________________________________

2898. 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                            05/19/98                    63 FR 27533
NPRM Comment Period End         07/20/98
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

2899. 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                    05/00/99

[[Page 62240]]

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2900. 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                    12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2901. 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                    12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2902. 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                    02/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2903. 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                    02/00/99

Regulatory Flexibility Analysis Required: No

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

[[Page 62241]]

Phone: 202 927-0251

RIN: 1515-AC12
_______________________________________________________________________

2904. 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                    11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2905. 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 is to provide for uniformity and standardized procedures and 
to more efficiently and effectively deter the export of stolen 
vehicles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/28/97                    62 FR 55764
NPRM Comment Period End         12/29/97
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2906. 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

________________________________________________________________________

Interim Final Rule              05/28/98                    63 FR 29122
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: No

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, IN 46278
Phone: 317 298-1520

RIN: 1515-AC26
_______________________________________________________________________

2907.  BOARDING OF VESSELS IN THE UNITED STATES

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 
USC 1434; 19 USC 1624; 19 USC 1581(a); 19 USC 288; 19 USC 1441; 19 USC 
1448; 19 USC 1446; 19 USC 1486; 46 USC app 3; 46 USC app 91; 46 USC app 
883

CFR Citation:  19 CFR 4

Legal Deadline: None

Abstract: Amendment regarding the boarding of vessels arriving in ports 
of the United States. Amendment reflects and implements amendments to 
the underlying statutory authority, enacted as part of the Customs 
Modernization Act, as well as policy determinations necessitated as a 
result of those amendments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/06/98                    63 FR 36379
NPRM Comment Period End         09/04/98
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Larry Burton, Attorney, Entry Procedures and Carriers 
Branch, Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1287
  
William Scopa, Operations Officer, Office of Field Operations, 
Department

[[Page 62242]]

of the Treasury, United States Customs Service, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 927-3112

RIN: 1515-AC29
_______________________________________________________________________

2908.  MANDATORY SEIZURE OF CERTAIN PLASTIC EXPLOSIVES

Priority:  Substantive, Nonsignificant

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

CFR Citation:  19 CFR 162

Legal Deadline: None

Abstract: Amendment reflects an addition to the statutory list of 
merchandise required to be seized and forfeited if introduced or 
attempted to be introduced into the United States contrary to law set 
forth in 19 U.S.C. 1595a(c). Plastic explosives not containing a 
detection agent was added to the list by the Anti-terrorism and 
Effective Death Penalty Act of 1996. The Customs Regulations are 
amended to conform to the statutory change.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Todd Schneider, Attorney, Department of the Treasury, 
United States Customs Service, 1300 Pennsylvania Ave. NW., Washington, 
DC 20229
Phone: 202 927-1694

RIN: 1515-AC33
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)              Long-Term Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________

2909. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0034

RIN: 1515-AA57
_______________________________________________________________________

2910. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0034

RIN: 1515-AA87
_______________________________________________________________________

2911. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sandra Bell
Phone: 202 927-2310

RIN: 1515-AB19
_______________________________________________________________________

2912. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Diane Hundertmark
Phone: 202 927-0355

RIN: 1515-AB25
_______________________________________________________________________

2913. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David Baker
Phone: 202 927-0620

RIN: 1515-AB38
_______________________________________________________________________

2914. TEXTILES AND TEXTILE PRODUCTS SUBJECT TO TEXTILE TRADE AGREEMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 12

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dick Crichton
Phone: 202 927-0162

RIN: 1515-AB54
_______________________________________________________________________

2915. COUNTRY-OF-ORIGIN MARKING FOR WATCHES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 134

[[Page 62243]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Burton Schlissel
Phone: 202 927-1034

RIN: 1515-AB68
_______________________________________________________________________

2916. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dennis Sequeira
Phone: 202 927-1480

RIN: 1515-AB92
_______________________________________________________________________

2917. DETERMINATION OF THE COUNTRY OF ORIGIN OF TEXTILES AND TEXTILE 
PRODUCTS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 12

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dick Crichton
Phone: 202 927-0162

RIN: 1515-AC00
_______________________________________________________________________

2918. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marsha Malbrough
Phone: 202 927-0457

RIN: 1515-AC05
_______________________________________________________________________

2919. PUBLIC DISCLOSURE OF AIRCRAFT MANIFESTS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 103

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lee Kramer
Phone: 202 927-1251

RIN: 1515-AC13
_______________________________________________________________________

2920. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kathy Dapkins
Phone: 202 927-0333

RIN: 1515-AC20
_______________________________________________________________________

2921. 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.

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John Durant
Phone: 202 927-2244

RIN: 1515-AC23
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)              Completed Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________

2922. ANDEAN TRADE PREFERENCE

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 10

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/25/98                    63 FR 51291
Final Action Effective          10/26/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tony Mazzoccoli
Phone: 202 927-0564

RIN: 1515-AB59
_______________________________________________________________________

2923. RECORDKEEPING REQUIREMENTS

Priority:  Substantive, Nonsignificant

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

[[Page 62244]]

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/16/98                    63 FR 32916
Final Action Effective          07/16/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Stan Hodziewich
Phone: 202 927-0999

RIN: 1515-AB77
_______________________________________________________________________

2924. 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.

CFR Citation:  19 CFR 162

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/28/98                    63 FR 29126
Final Action Effective          06/29/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Pisani
Phone: 202 927-1203

RIN: 1515-AB98
_______________________________________________________________________

2925. 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.

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/25/98                    63 FR 51283
Final Action Effective          10/26/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeremy Baskin
Phone: 202 927-1176

RIN: 1515-AB99
_______________________________________________________________________

2926. ANTICOUNTERFEITING CONSUMER PROTECTION ACT: DISPOSITION OF 
MERCHANDISE BEARING COUNTERFEIT AMERICAN TRADEMARKS; CIVIL PENALTIES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 133

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/25/98                    63 FR 51296
Final Action Effective          10/26/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charles Ressin
Phone: 202 927-2344
John Atwood
Phone: 202 927-2330

RIN: 1515-AC10
_______________________________________________________________________

2927. PROCEDURAL CHANGE REGARDING AMERICAN SHOOKS AND STAVES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 10

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/02/98                    63 FR 29953
Final Action Effective          07/02/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Thomas Wygant
Phone: 202 927-1167

RIN: 1515-AC18
_______________________________________________________________________

2928. 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.

CFR Citation:  19 CFR 12

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/28/98                    63 FR 29121
Final Action Effective          05/28/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Brad Lund
Phone: 202 927-0192

RIN: 1515-AC28
_______________________________________________________________________

2929.  EXPORTERS NOT LIABLE FOR HARBOR MAINTENANCE FEE

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 58a; 19 USC 58b; 19 USC 58c; 19 USC 
66; 26 USC 4461; 26 USC 4462; 31 USC 9701

CFR Citation:  19 CFR 24

Legal Deadline:  Final, Judicial, April 25, 1998.

Abstract: Amendment of the Customs Regulations to remove the 
requirement that an exporter of cargo is liable for payment of the 
Harbor Maintenance Fee when cargo is loaded for export at a fee subject 
to the Harbor Maintenance Fee. The change is required pursuant to a 
Supreme Court decision finding that the Harbor Maintenance Fee for 
exporters was in violation of the Export Clause of the Constitution of 
the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/31/98                    63 FR 40822
Final Action Effective          07/31/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patricia Barbare, Operations Management Specialist, 
Budget Division, Department of the Treasury, United States Customs 
Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0310

RIN: 1515-AC31
BILLING CODE 4820-02-F

[[Page 62245]]

_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)            Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________

2930. SECTION 79, TABLE I, UPDATE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 79

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209103-89 (EE-82-89)
Drafting attorney: Betty Clary (202) 622-6070.
Reviewing attorney: James Brokaw (202) 622-6070.
CC:EBEO

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

RIN: 1545-AN54
_______________________________________________________________________

2931.  DEFINITION OF CONTRIBUTION IN AID OF CONSTRUCTION UNDER 
SUBSECTION 118(C)(3)(A)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 118

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations to provide guidance on the definition of 
contributions in aid of construction within the meaning of section 
118(c)(3)(A).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106012-94
Drafting attorney: Paul Handleman (202) 622-3040.
Reviewing attorney: Kathleen Reed (202) 622-3040.
Treasury attorney: Christine Turgeon (202) 622-0865.
CC:DOM:P&SI

Agency Contact: Paul Handleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constiution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4779

RIN: 1545-AW17
_______________________________________________________________________

2932.  CONTINUITY OF INTEREST

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Revising example 2 of section 1.368-1(e)(6) to remove any 
implication that guidance was being provided under section 338.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-252231-96
Drafting attorney: Phoebe Bennett (202) 622-7750.
Reviewing attorney: William Alexander (202) 622-7710.
Treasury attorney: Kevin Anderson (202) 622-1981.
CC:DOM:CORP

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

RIN: 1545-AW45
_______________________________________________________________________

2933. GUIDANCE UNDER SECTION 30 AND 179A

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

Unfunded Mandates: Undetermined

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

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/09/93                    58 FR 32317
NPRM                            02/00/99

Regulatory Flexibility Analysis Required: 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
_______________________________________________________________________

2934. 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.

[[Page 62246]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AV58
_______________________________________________________________________

2935.  GUIDANCE UNDER SECTION 355(D)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0355

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance as transactions under 
section 355(d).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106004-98
Drafting attorney: Phoebe Bennett: (202) 722-7740.
Reviewing attorney: Robert Hawkes: (202) 622-7530.
Treasury attorney: Karen Gilbreath: (202) 622-1788.
CC:DOM:CORP

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

RIN: 1545-AW71
_______________________________________________________________________

2936.  ROTH IRAS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 408A; 26 USC 3405

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance on Roth IRAs. Roth IRAs are 
a new type of IRA that individuals can use beginning in 1998. Roth IRAs 
are described in section 408A.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115393-98
Drafting attorney: Cathy A. Vohs (202) 622-6030.
Reviewing attorney: Marjorie Hoffman (202) 622-6030.
Treasury attorney: Michael Doran (202) 622-1341.
CC:EBEO

Agency Contact: Cathy A. Vohs, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-6030

RIN: 1545-AW62
_______________________________________________________________________

2937. 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

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

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.
Treasury attorney: Cristy Turgeon (202) 622-0865.
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
_______________________________________________________________________

2938. 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.

[[Page 62247]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209619-93 (IA-17-93)
Drafting attorney: Michael L. Gompertz (202) 622-4910.
Reviewing attorney: Linda Kroening (202) 622-4800.
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
_______________________________________________________________________

2939. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-253307-96
Drafting attorney: Jo Lynn Ricks (202) 622-3411.
Reviewing attorney: Al Kraft (202) 622-3920.
Treasury attorney: Paul Crispino (202) 622-0224.
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
_______________________________________________________________________

2940.  MARK-TO-MARKET ACCOUNTING FOR DEALERS IN COMMODITIES AND 
TRADERS IN SECURITIES AND COMMODITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 475(g); 26 USC 7805(a)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance concerning mark-to-market accounting for securities 
traders and commodities dealers and traders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-104924-98
Drafting attorney: Jo Lynn Ricks (202) 622-3920.
Reviewing attorney: Al Kraft (202) 622-3920.
Treasury attorney: Paul Crispino (202) 622-0224.
CC:DOM:FI&P

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

RIN: 1545-AW06
_______________________________________________________________________

2941. 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

________________________________________________________________________

Hearing                         01/06/98                    63 FR 45019
NPRM                            08/24/98                    63 FR 45019
NPRM Comment Period End         11/23/98
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: No

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.
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
_______________________________________________________________________

2942.  SEPARATE SHARE RULES/ESTATES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 663(c); 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project will amend section 1.633(c) by adding rules 
concerning whether a surviving spouse's elective share of the estate of 
a decedent and a revocable trust treated as part of an estate 
constitute separate shares of an estate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

[[Page 62248]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-114841-98
Drafting attorney: Laura Howell (202) 622-3060.
Reviewing attorney: J. Tom Hines (202) 622-3060.
Treasury attorney: Beth Kaufman (202) 622-1766.
CC:DOM:P&SI

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

RIN: 1545-AW57
_______________________________________________________________________

2943.  CAPITAL GAIN GUIDANCE RELATING TO CRTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1(h)(11); 26 USC 664

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide capital gain guidance relating to charitable 
remainder trusts in light of the changes made to section 1(h) of the 
Internal Revenue Code by the Taxpayer Relief Act of 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-110896-98
Drafting attorney: Mary Beth Collins (202) 622-3080.
Drafting attorney: Jeff Erickson (202) 622-3090.
Reviewing attorney: Fran Schaffer (202) 622-3090.
Treasury attorney: Beth Kaufman (202) 622-1755.
CC:DOM:P&SI

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

RIN: 1545-AW35
_______________________________________________________________________

2944. 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

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2945.  SOURCE OF INCOME FOR SPACE AND CERTAIN OCEAN ACTIVITIES 
AND FOR INTERNATIONAL COMMUNICATIONS INCOME

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 863

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations to provide source rules for income from space and 
certain ocean activities under section 863(d). Also, regulations to 
provide source rules for international communications income under 
section 863(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/99

Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106030-98
Drafting attorney: Anne Shelburne (202) 622-3880.
Reviewing attorney: Steven Musher (202) 622-3880.
Treasury attorney: Michael Mundaca (202) 622-1752.
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-AW50
_______________________________________________________________________

2946. 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 will 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-208280-86 (INTL-948-86)
Drafting attorney: Patricia A. Bray (202) 622-3880.

[[Page 62249]]


Reviewing attorney: Elizabeth Karzon (202) 622-3880.
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
_______________________________________________________________________

2947. 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

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2948. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

RIN: 1545-AT85
_______________________________________________________________________

2949.  DEFINITION OF THE TERM ``MARKETABLE STOCK'' UNDER SECTION 
1296(E)(1)(A)(III)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1296; 26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 1296

Legal Deadline: None

Abstract: Section 1296 allows US persons that hold ``marketable stock'' 
in a PFIC to elect to mark such stock to market at the close of each 
taxable year. Marketable stock includes any stock that is regularly 
traded on a US securities exchange or ``any exchange or market which 
the Secretary determines has rules adequate to carry out the purposes 
of this part.'' These regulations will define those exchanges and 
markets, including those overseas, which will qualify for this 
election.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: INTL-113744-98
Drafting attorney: Kate Hwa (202) 622-3880.
Reviewing attorney: Philip Garlett (202) 622-3880.
CC:INTL

Agency Contact: Kate Hwa, Attorney-Advisor, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3880
Fax: 202 622-4476
  
Margaret Fung, 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-AW69
_______________________________________________________________________

2950. 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                            05/00/99

Regulatory Flexibility Analysis Required: Yes
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

[[Page 62250]]



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
_______________________________________________________________________

2951.  TAX PERIOD AFTER ACQUISITION OF S CORPORATION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the one-day year that arises 
when an affiliated group of corporations filing a consolidated return 
acquires over 80 percent of the stock of an S corporation. The new 
regulation will prevent taxpayers from being required to file a tax 
return for the day of the acquisition.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-106219-98
Drafting attorney: Jeffrey L. Vogel (202) 622-7770.
Reviewing attorney: Lewis K. Brickates (202) 622-7770.
Treasury attorney: Karen Gilbreath (202) 622-1788.
CC:DOM:CORP

Agency Contact: Jeffrey L. Vogel, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-AW32
_______________________________________________________________________

2952.  EFFECTIVE DATE OF SECTION 1.1502-9T

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will amend the effective date of section 
1.1502-9T.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114635-98
Drafting attorney: Seth Goldstein (202) 622-3810.
Reviewing attorney: Jack Feldman (202) 622-3810.
Treasury attorney: Will Morris (202) 622-1779.
CC:INTL

Agency Contact: Seth Goldstein, Technical Adviser to Assistant CC 
(International), Department of the Treasury, Internal Revenue Service, 
1111 Constitution Avenue NW., Washington, DC 20224
Phone: 202 622-3810
Fax: 202 622-4476

RIN: 1545-AW51
_______________________________________________________________________

2953.  PARTNERSHIP RETURNS REQUIRED ON MAGNETIC MEDIA

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6011(e)(2); 26 USC 6721

CFR Citation:  26 CFR 301; 26 CFR 1

Legal Deadline: None

Abstract: This document will mandate the magnetic media filing of 
partnership tax returns for partnerships having more than 100 partners 
under 26 USC 6011(e)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Procurement: This is a procurement-related action for which there is a 
statutory requirement. There is no paperwork burden associated with 
this action.
Additional Information: REG-102023-98
Drafting Attorney: Bridget Finkenaur (202) 622-4940.
Treasury attorney: James Sowell (202) 622-5721.

Agency Contact: Bridget E. Finkenaur, 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-AW14
_______________________________________________________________________

2954.  ADEQUATE DISCLOSURE OF GIFTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 2001; 26 USC 2504

CFR Citation:  26 CFR 20; 26 CFR 25; 26 CFR 301

Legal Deadline: None

Abstract: Provide the definition of adequate disclosure that prevents 
the revolution of a gift for purposes of determining estate tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106177-98
Drafting attorney: William L. Blodgett (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Treasury attorney: Beth Kaufman (202) 622-1766.
CC:DOM:P&SI

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

RIN: 1545-AW20
_______________________________________________________________________

2955.  GRAT AND NOTES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 2702

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance under section 2702(b) 
regarding the use of notes to satisfy the annuity or unitrust payment 
obligation of a grantor retained annuity trust.

[[Page 62251]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-108287-98
Drafting attorney: James Hogan (202) 622-3090.
Reviewing attorney: George L. Masnik (202) 622-3090.
Treasury attorney: Beth Kaufman (202) 622-1766.
CC:DOM:P&SI

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

RIN: 1545-AW25
_______________________________________________________________________

2956. EXCEPTION FROM SUPPLEMENTAL TAX

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: The regulations will provide guidance to railroad employers 
in applying the exception to supplemental annuity tax with respect to 
employees covered by a supplemental pension plan.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209769-95 (EE-22-95)
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Paul C. Feinberg (202) 622-6000.
Treasury attorney: Kevin Knopf (202) 622-2329.
CC:EBEO

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

RIN: 1545-AT56
_______________________________________________________________________

2957.  RETAILERS TAX/TIRES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: Amend regulations under section 4051 to provide for inclusion 
of tires in the tax base because of amendment to section 4051 by 
section 1402 of the Taxpayer Relief Act of 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115753-98
Drafting attorney: Bernard H. Weberman (202) 622-3130.
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: 202 622-3130

RIN: 1545-AW66
_______________________________________________________________________

2958. 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                            10/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-118620-97
Drafting attorney: Bernard H. Weberman (202) 622-3667.
Reviewing attorney: Ruth Hoffman (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
_______________________________________________________________________

2959. CLARIFICATION OF 4958 EXCISE TAXES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 4958

CFR Citation:  26 CFR 53; 26 CFR 301

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 regulations will 
clarify certain definitions and rules contained in section 4958.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/04/98                    63 FR 41486
NPRM Comment Period End         11/02/98
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Organizations

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

[[Page 62252]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4290

RIN: 1545-AV60
_______________________________________________________________________

2960. 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

Regulatory Flexibility Analysis Required: Undetermined

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
_______________________________________________________________________

2961.  MIDDLEMAN REGULATION UNDER SECTIONS 6041 AND 6045

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6045

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide guidance on the legal obligation to file information 
returns by (1) an intermediary or middleman who makes payments on 
behalf of another person, and (2) and investment advisor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-246249-96
Drafting attorney: Donna Crisalli (202) 622-4920.
Reviewing attorney: Robert Berkovsky (202) 622-4920.
Treasury attorney: Jeffrey Maddrey (202) 622-1339.
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-AW48
_______________________________________________________________________

2962.  REPORTING OF PAYMENTS TO ATTORNEY

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6045

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Information reporting requirements for payments of gross 
proceeds made in the course of a trade or business to attorneys in 
connection with legal services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105312-98
Drafting attorney: Katherine Kiss (202) 622-4920.
Reviewing attorney: John Coulter (202) 622-4910.
Treasury attorney: Christopher Rizek (202) 622-1338.

Agency Contact: Katherine Kiss, 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-AW72
_______________________________________________________________________

2963.  CORPORATE TAX SHELTER REGISTRATION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6111

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: This regulation project provides guidance on the registration 
requirements for confidential corporate tax shelters under section 
6111(d) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110311-98
Drafting attorney: Mary Beth Collins/Jeff Erickson
(202) 622-3080.
Reviewing attorney: Donna Young (202) 622-3070.
Treasury attorney: Christopher Rizek (202) 622-1338.
CC:DOM:P&SI

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

RIN: 1545-AW26
_______________________________________________________________________

2964.  TAXPAYER RELIEF ACT OF 1997 TEFRA CHANGES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6230

CFR Citation:  26 CFR 301

Legal Deadline:  NPRM, Statutory, January 1, 1999.
1998 Business Plan Item

Abstract: The regulations will provide guidance concerning the changes 
made to the partnership unified audit procedures by the Taxpayer Relief 
Act of 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

[[Page 62253]]

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-106564-98
Drafting attorney: Robert Honigman (202) 622-3050.
Reviewing attorney: Dianna Miosi (202) 622-3050.
Treasury attorney: James B. Sowell (202) 622-5721.
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-AW23
_______________________________________________________________________

2965. 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                            10/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local, Tribal, Federal

Additional Information: REG-100729-98
Drafting attorney: Vincent Surabian (202) 622-4940.
Reviewing attorney: Judith Wall (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
_______________________________________________________________________

2966.  ELECTRONIC FUND TRANSFERS OF FEDERAL DEPOSITS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6302(h)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To set forth the rules for requiring transfers to begin 
depositing Federal taxes by electronic funds transfer after 1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Tribal

Additional Information: REG-100729-98
Drafting attorney: Vincent Surabian (202) 622-4940.
Reviewing attorney: Judith Wall (202) 622-4940.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:IT&A

Agency Contact: Vincent Surabian, 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-AW41
_______________________________________________________________________

2967.  PAYMENT BY CREDIT CARD AND DEBIT CARD

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6311

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The purpose of this regulation is to authorize the Secretary 
of the Treasury to accept payment of taxes by credit cards and debit 
cards pursuant to section 6311 of title 26, as amended by the Tax 
Relief Act of 1997. The current regulation only permits payments by 
check and money orders. The goal of this regulation is to authorize 
payments by credit cards and debit cards in addition to checks and 
money orders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-111435-98
Drafting attorney: Mitchel S. Hyman (202) 622-3620.
Treasury attorney: John Parcell (202) 622-2578.
CC:EL:GL

Agency Contact: Mitchel S. Hyman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3620
Fax: 202 622-9137

RIN: 1545-AW37
_______________________________________________________________________

2968. 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                            11/00/98

Regulatory Flexibility Analysis Required: 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.
CC:DOM:IT&A

Agency Contact: John J. McGreevey, Tax Law Specialist, Department of 
the

[[Page 62254]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-AV50
_______________________________________________________________________

2969. 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 will 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 meet to avoid imposition of 
the penalty under section 6695 of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-120168-97
Drafting Attorney: Celia Gabrysh, (202) 622-4940.
CC:DOM:IT&A

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
_______________________________________________________________________

2970.  RETENTION OF PAID PREPARERS' SIGNATURES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6695

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document will propose an alternative to the requirement 
that an income tax return preparer must keep a manually signed (by the 
preparer) copy of a return if the preparer presented to the taxpayer 
for signature a return with a copy of the preparer's signature.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-106836-98
Drafting attorney: Celia Gabrysh (202) 622-4940.
Reviewing attorney: Peter Frederick (202) 622-4940.
Treasury attorney: Jeffrey Maddrey (202) 622-1339.
CC:DOM:IT&A

Agency Contact: Celia Gabrysh, 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-AW52
_______________________________________________________________________

2971.  PREPARER DUE DILIGENCE REQUIREMENTS IN DETERMINING 
ELIGIBILITY FOR THE EARNED INCOME TAX CREDIT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6695

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document will set forth due diligence requirements that 
income tax return preparers who prepare returns or claims for refunds 
involving the earned income tax credit must meet to avoid imposition of 
the penalty under section 6695(g) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120168-97
Drafting attorney: Marc C. Porter (202) 622-4940.
Reviewing attorney: Rochelle Hodes (202) 622-4940.
Treasury attorney: Mark Hoffenberg (202) 622-0869.

Agency Contact: Marc C. Porter, 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-AW73
_______________________________________________________________________

2972. PASSTHROUGH OF ITEMS TO 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                            10/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: Undetermined

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

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

RIN: 1545-AT52
_______________________________________________________________________

2973. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority:  Substantive, Nonsignificant

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

[[Page 62255]]

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                            10/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2974. USUFRUCT; NONRESIDENT ALIEN SHAREHOLDER; S CORPORATION STOCK

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209810-96 (PS-3-96)
Drafting attorney: Laura Howell (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.
Treasury attorney: Kevin Anderson (202) 622-1335.
CC:DOM:P&SI

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

RIN: 1545-AU18
_______________________________________________________________________

2975. 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

Regulatory Flexibility Analysis Required: No

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
Phone: 202 622-4930

RIN: 1545-AU57
_______________________________________________________________________

2976. 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                            12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2977. 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

[[Page 62256]]

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                            10/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2978. 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                            10/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2979. WITHDRAWAL OF NOTICE OF FEDERAL TAX LIEN

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

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: 202 622-3630
Fax: 202 622-3766

RIN: 1545-AV00
_______________________________________________________________________

2980. 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                            12/00/98

Regulatory Flexibility Analysis Required: No

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: 202 622-3630
Fax: 202 622-3766

RIN: 1545-AV01
_______________________________________________________________________

2981. RESEARCH CREDIT II

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: This notice of proposed rulemaking provides rules relating to 
the proper definition of gross receipts to be used in computing the 
research credit and rules relating to the definition of qualified 
research under section 41(d). Further this notice of proposed 
rulemaking provides rules for election and revoking the election of

[[Page 62257]]

the alternative incremental credit under section 41(c)(4).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: No

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 Avenue NW., 
Washington, DC 20224
Phone: 202 622-3120
Fax: 202 622-4743

RIN: 1545-AV14
_______________________________________________________________________

2982. 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

Regulatory Flexibility Analysis Required: No

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

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
_______________________________________________________________________

2983. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local

Additional Information: REG-114664-97
Drafting attorney: Paul Handleman (202) 622-3040.
Treasury attorney: Edwin Oswald (202) 622-1335.
Reviewing attorney: Susan Reaman (202) 622-3040.
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
Fax: 202 622-4779

RIN: 1545-AV44
_______________________________________________________________________

2984. MARITAL DEDUCTION (ESTATE OF HUBERT)

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                            10/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2985. 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.

[[Page 62258]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2986. 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                            06/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-118971-97
Drafting attorney: Robert Honigman (202) 622-3050.
Reviewing attorney: Daniel J. Coburn (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-AV66
_______________________________________________________________________

2987. 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

Regulatory Flexibility Analysis Required: 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
_______________________________________________________________________

2988. 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                            10/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

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

RIN: 1545-AV70
_______________________________________________________________________

2989. 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                            10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-121806-97
Drafting attorney: Douglas Giblen (202) 622-4570.
Reviewing attorney: Joe Urban (202) 622-4570.

[[Page 62259]]


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
_______________________________________________________________________

2990. 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: 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                            11/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2991. 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. 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           10/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

2992. 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                            10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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
_______________________________________________________________________

2993. 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                            10/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-122333-97
Drafting attorney: Jan Skelton (202) 622-4970.
CC:DOM:IT&A

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

[[Page 62260]]

Fax: 202 622-6316

RIN: 1545-AW00
_______________________________________________________________________

2994. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-116826-97
Drafting attorney: John Moriarty (202)622-4950.
Reviewing attorney: David Crawford (202) 622-4950.
Treasury attorney: Cathy Livingston (202)622-1343.
CC:DOM:IT&A

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
_______________________________________________________________________

2995. HIPAA 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                            12/00/98

Regulatory Flexibility Analysis Required: No

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).
CC:EBEO

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
_______________________________________________________________________

2996.  AVERAGING OF FARM INCOME

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: An individual may elect to ``income average'' any amount of 
farm income by adding 1/3 of such elected farm income and calculating 
the increase in tax for the prior years. The taxable income of the 
current year is reduced by the elected farm income and the increase in 
tax liability for the three prior years is added to the current years 
tax liability.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-121063-97
Drafting attorney: John Moran (202) 622-7072.
Treasury attorney: Kevin Anderson (202) 622-1981.
CC:DOM:IT&A

Agency Contact: John Moran, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7072
Fax: 202 622-6316

RIN: 1545-AW04
_______________________________________________________________________

2997.  AVERAGING OF FARM INCOME

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: An individual may elect to ``income average'' any amount of 
farm income by adding 1/3 of such elected farm income to each of the 
three prior years' taxable income and calculating the increase in tax 
for the prior years. The taxable income of the current year is reduced 
by the elected farm income and the increase in tax liability for the 
prior three years is added to the current years tax liability.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-121063-97
Drafting attorney: John Moran (202) 622-7072.
Treasury attorney: Kevin Anderson (202) 622-1981.
CC:DOM:IT&A

Agency Contact: John Moran, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7072
Fax: 202 622-6316

RIN: 1545-AW05
_______________________________________________________________________

2998.  CAPITAL GAINS AND PARTNERSHIP PROVISIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1(h)(11)

[[Page 62261]]

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance regarding the application of the partnership 
provisions to capital gains

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106527-98
Drafting attorney: Jeanne Sullivan (202) 622-3050.
Reviewing attorney: Daniel Coburn (202) 622-3050.
Treasury attorney: James B. Sowell (202) 622-5721.
CC:DOM:P&SI

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

RIN: 1545-AW22
_______________________________________________________________________

2999.  SECTION 411(D)(6); PROTECTED BENEFITS EXCEPTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 411(d)(6)(B)(ii)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will permit certain amendments to 
qualified retirement plans to be made even though otherwise protected 
forms of benefit would be affected by the amendments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-109101-98
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Alan Tawshunsky (202) 622-6000.
Treasury attorney: William Bortz (202) 622-1352.
CC:EBEO

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-AW27
_______________________________________________________________________

3000.  INTERCOMPANY OBLIGATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1502; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To provide clarification of the tax treatment of certain 
transfers of intercompany obligations by or to a member of a 
consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-105964-98
Drafting attorney: Theresa Abell (202) 622-7790.
Reviewing attorney: Ken Cohen (202) 622-7790.
Treasury attorney: Karen Gilbreath (202) 622-1788.
CC:DOM:CORP

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

RIN: 1545-AW30
_______________________________________________________________________

3001.  DISREGARDED ENTITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance under section 368 regarding corporate transactions 
involving disregarded entities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106186-98
Drafting attorney: Reggie Mombrun (202) 622-7750.
Reviewing attorney: Mark Jennings (202) 622-7740.
Treasury attorney: Karen Gilbreath (202) 622-1788.
CC:DOM:CORP

Agency Contact: Reggie Mombrun, 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-AW36
_______________________________________________________________________

3002.  CONVERSION TO THE EURO

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance relating to U.S. taxpayers operating, investing or 
otherwise conducting business in the currency converting to euro.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/29/98                    63 FR 40383
NPRM Comment Period End         10/01/98
Hearing                         10/20/98                    63 FR 40383
Final Action                    03/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110332-98
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-AW43

[[Page 62262]]

_______________________________________________________________________

3003.  SECTION 148--CLARIFICATION OF THE TREATMENT OF 
PREPAYMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 148(i)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Modify section 148 regulations to clarify that prepayments 
are subject to the yield restriction and rebate rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-113526-98
Drafting attorney: Larry Salva (202) 622-3980.
Reviewing attorney: Rebecca Harrigal (202) 622-3980.
Treasury attorney: Edwin Oswald (202) 622-1335.
CC:DOM:FI&P

Agency Contact: Larry Salva, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-AW44
_______________________________________________________________________

3004.  CAPITAL GAINS--INSTALLMENT SALES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 453; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules and guidance regarding how 
to allocate unrecaptured section 1250 gain when the gain is reported on 
the installment method.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-110524-98
Drafting attorney: Robert Laudeman (202) 622-4930.
Reviewing attorney: Andrew Irving (202) 622-4930.
Treasury attorney: Kevin Anderson (202) 622-1981.
CC:DOM:IT&A

Agency Contact: Robert Laudeman, 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-AW47
_______________________________________________________________________

3005.  GUIDANCE UNDER SECTION 1032

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations relate to the treatment of a 
disposition by a corporation of the stock of another corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106221-98
Drafting attorney: Lee A. Dean (202) 622-7550.

Agency Contact: Lee A. Dean, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20020
Phone: 202 655-7550

RIN: 1545-AW53
_______________________________________________________________________

3006.  MODIFICATION OF SECTION 263A REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 263A; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Amend the section 263A regulations to address selected 
issues.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-113910-98
Drafting attorney: Jennifer Nuding (202) 622-4970.

Agency Contact: Jennifer Nuding, 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-AW54
_______________________________________________________________________

3007.  MODIFICATION OF THE SOLELY-FOR-VOTING STOCK REQUIREMENT 
IN CERTAIN CORPORATE REORGANIZATIONS

Priority:  Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 0368

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations relate to the solely-for-voting 
stock requirement of a ``C'' reorganization in certain transactions in 
which the acquiring corporation is an historic shareholder of the 
target corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-115086-98
Drafting attorney: Marnie Rapaport (202) 622-7550.
Reviewing attorney: Charles Whedbee (202) 622-7550.
Treasury attorney: Karen Gilbreath (202) 622-1788.
CC:DOM:CORP

Agency Contact: Marnie Rapaport, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7550

[[Page 62263]]

Fax: 202 622-6834

RIN: 1545-AW55
_______________________________________________________________________

3008.  INCREASE IN CASHOUT LIMIT UNDER SECTIONS 411(A)(7), 
411(A)(11), AND 417(E)(1)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance relating to the increase 
from $ 3,500 to $ 5,000 of the limit on distributions from qualified 
plans that can be made without participant consent, as amended by the 
Taxpayer Relief Act of 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113694-98
Drafting attorney: Michael Karlan (202) 622-6030.
CC:EBEO

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

RIN: 1545-AW59
_______________________________________________________________________

3009.  MERCHANDISE REGULATION - NPRM

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 471; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Clarify when the requirement to use inventory accounting 
applies. Clarify the definition of merchandise and provide guidance 
with respect to when merchandise will be regarded as an income 
producing factor in a taxpayer's business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122333-97
Drafting attorney: Jan Skelton (202) 622-4970.
Treasury attorney: Christine Turgeon (202) 622-0865.
CC:DOM:IT&A

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

RIN: 1545-AW61
_______________________________________________________________________

3010.  EDUCATION CREDITS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 25A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide individual taxpayers with 
guidance on the Hope Scholarship Credit and the Lifetime Learning 
Credits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106388-98
Drafting attorney: Donna Welch (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-AW65
_______________________________________________________________________

3011.  SECTION 809--STOCK LIFE SUBSIDIARY OF A MUTUAL HOLDING 
COMPANY

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 809

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance under section 809 regarding a stock life subsidiary 
of a mutual holding company.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107196-98
Drafting attorney: Melissa Luxner (202) 622-3142.
Reviewing attorney: Don Dress (202) 622-3970
Treasury attorney: Louise Epstein (202) 622-1778.
CC:DOM:FI&P

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

RIN: 1545-AW70
_______________________________________________________________________

3012. 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.

[[Page 62264]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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.
CC:EBEO

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-AV95
_______________________________________________________________________

3013. DISASTER RELIEF REGULATIONS

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                            10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-101492-98
Drafting attorney: Margaret A. Owens (202) 622-4940.
Reviewing attorney: Rochelle Hodes (202) 622-4940.
Treasury attorney: Bill Fant (202) 622-1442.
CC:DOM:IT&A

Agency Contact: Margaret A. Owens, 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
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)               Final Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________

3014. 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   10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209791-95 (DL-41-95)
Drafting attorney: Lori Creswell (202) 622-4580.
CC:EL:DL

Agency Contact: Lori Creswell, Attorney-Advisor, 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
_______________________________________________________________________

3015. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209476-82 (EE-106-82)
Drafting tax law Specialist: Vernon S. Carter (202) 622-6070.

[[Page 62265]]


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
_______________________________________________________________________

3016. 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

________________________________________________________________________

Temporary Regulations           12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-112648-97
Drafting attorney: Beverly A. Baughman (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: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AV36
_______________________________________________________________________

3017. 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                    10/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: State, Local, Tribal

Additional Information: REG-110586-97
Drafting attorney: David White (202) 622-3980.
Reviewing attorney: Rebecca Harrigal (202) 622-3980.
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, 1111 Constitution Ave. NW., 
Washington, DC 20024
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU39
_______________________________________________________________________

3018. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-208151-91 (IA-65-91)
Drafting attorney: Jan Skelton (202) 622-4970.
Reviewing attorney: Tom Luxner (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
_______________________________________________________________________

3019. 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

[[Page 62266]]

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                    12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3020. 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                    06/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

3021. 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                    10/00/98

Regulatory Flexibility Analysis Required: Yes
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
_______________________________________________________________________

3022. 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

Regulatory Flexibility Analysis Required: No

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: Mary Beth Collins/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

[[Page 62267]]

_______________________________________________________________________

3023. 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; 26 
USC 734; 26 USC 732; 26 USC 1017

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, 
the calculation of gain or loss following the sale of a partner's basis 
in its partnership interest to distributed property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/98                     63 FR 4408
NPRM Comment Period End         04/29/98
Final Action                    03/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Federal

Additional Information: REG-209682-94 (PS-2-94)
Drafting attorney: Matthew Lay (202) 622-3080.
Reviewing attorney: David Haglund (202) 622-3050.
Treasury attorney: Jim Sowell (202) 622-5721.
CC:DOM:P&SI

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

RIN: 1545-AS39
_______________________________________________________________________

3024. 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                    11/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209839-96 (FI-31-96)
Drafting attorney: Gary Geisler (202) 622-3623.
Reviewing attorney: Stephen Hooe (202) 622-3762.
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: 202 622-3623

RIN: 1545-AU60
_______________________________________________________________________

3025. 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                    12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3026. 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

Regulatory Flexibility Analysis Required: No

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: Mike Mundaca (202) 622-1752.
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

[[Page 62268]]

_______________________________________________________________________

3027. 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 will 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 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

Regulatory Flexibility Analysis Required: No

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: Mike Mundaca (202) 622-1752.
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
_______________________________________________________________________

3028. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF 
REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 905; 26 USC 6689

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

Legal Deadline: None

Abstract: The regulations will establish procedures for taxpayers by 
which they must notify the Service of a change in foreign tax liability 
for a taxable year for which they claimed the foreign tax credit. The 
regulations provide special rules for redetermining the taxpayer's 
United States tax liability when the dollar value of the foreign 
currency fluctuates between the time for which the foreign tax credit 
is originally claimed and the time for which the foreign tax credit is 
redetermined. In addition, the regulations set forth deadlines for 
compliance with the notification requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/23/88                    53 FR 23659
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: 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
_______________________________________________________________________

3029. 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

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3030. 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                    04/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

[[Page 62269]]

_______________________________________________________________________

3031. 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 certain tax credits and 
losses of a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

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: Karen Gilbreath (202) 622-1788.
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
_______________________________________________________________________

3032. 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                            03/06/98                    63 FR 12717
NPRM Comment Period End         05/07/98
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: No

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: Karen Gilbreath (202) 622-1788.
CC:DOM:CORP

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
_______________________________________________________________________

3033. 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 will provide rules concerning the treatment of 
certain deferred compensation arrangements under section 3121(v) of the 
Internal Revenue Code of 1986, thereby giving needed guidance to the 
public on how the Internal Revenue Service intends to interpret that 
section of the Code relating to the FICA tax.

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                    12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3034. FUTA TAXATION OF AMOUNTS UNDER EMPLOYEE BENEFIT PLANS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: Regulations would provide rules, by cross-reference to 
regulations under section 3121(v) of the Internal Revenue Code, of 1986 
concerning the treatment of certain deferred compensation arrangements 
under section 3306(r) of the Code, thereby giving needed guidance to 
the public on how the Internal Revenue Service intends to interpret 
that section of the Code relating to the FUTA tax.

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                    12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

[[Page 62270]]

_______________________________________________________________________

3035. PREPAID TELEPHONE CARDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4251

CFR Citation:  26 CFR 49

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           10/00/98

Regulatory Flexibility Analysis Required: 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
_______________________________________________________________________

3036. 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                    12/00/98

Regulatory Flexibility Analysis Required: No

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: Michael Doran (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
_______________________________________________________________________

3037. 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                    11/00/98

Regulatory Flexibility Analysis Required: No

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: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AQ68
_______________________________________________________________________

3038. 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                    12/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Organizations

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

[[Page 62271]]

_______________________________________________________________________

3039.  ELECTRONIC FUNDS TRANSFERS OF FEDERAL DEPOSITS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6302(h)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To set forth the rules for requiring taxpayers to begin 
depositing taxes by electronic funds transfer after 1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Tribal

Additional Information: REG-100729-98
Drafting attorney: Vincent Surabian (202) 622-4940.
Reviewing attorney: Judith Wall (202) 622-4940.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:IT&A

Agency Contact: Vincent Surabian, 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-AW40
_______________________________________________________________________

3040.  PAYMENT BY CREDIT CARD AND DEBIT CARD

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6311

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The purpose of this regulation is to authorize the Secretary 
of the Treasury to accept payment of taxes by credit cards and debit 
cards pursuant to section 6311 of title 26, as amended by the Tax 
Relief Act of 1997. The current regulation only permits payments by 
checks and money orders. The goal of this regulation is to authorize 
payments by credit cards and debit cards in addition to checks and 
money orders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-111435-98
Drafting attorney: Mitchel S. Hyman (202) 622-3620.
Treasury attorney: John Parcell (202) 622-2578.
CC:EL:GL

Agency Contact: Mitchel S. Hyman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3620
Fax: 202 622-9137

RIN: 1545-AW38
_______________________________________________________________________

3041. 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                    11/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209276-87
Drafting attorney: Michael Gompertz (202) 622-4910.
Reviewing attorney: John Coulten (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
_______________________________________________________________________

3042. 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                    11/00/98

Regulatory Flexibility Analysis Required: Yes
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
_______________________________________________________________________

3043.  PREPARER DUE DILIGENCE REQUIREMENTS IN DETERMINING 
ELIGIBILITY FOR THE EARNED INCOME TAX CREDIT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6695

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document will set forth due diligence requirements that 
income

[[Page 62272]]

tax return preparers who prepare returns or claims for refunds 
involving the earned income tax credit must meet to avoid imposition of 
the penalty under section 6695(g) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120168-97
Drafting attorney: Marc C. Porter (202) 622-4940.
Reviewing attorney: Rochelle Hodes (202) 622-4940.
Treasury attorney: Mark Hoffenberg (202) 622-0869.

Agency Contact: Marc C. Porter, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20220
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AW74
_______________________________________________________________________

3044. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

3045. 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: The regulations recharacterize obligation-shifting 
transactions. Obligation-shifting transactions are transactions in 
which the transferee assumes obligations or acquires property subject 
to obligations under existing lease or similar agreement and the 
transferor or any other party has already received or retains the right 
to receive amounts that are allocable to periods after the transfer by 
recharacterizing obligation- shifting transactions in a manner that 
clearly reflects the parties' income, the regulators prevent tax 
avoidance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/27/96                    61 FR 68175
NPRM Comment Period End         04/08/97
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: No

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.
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
_______________________________________________________________________

3046. 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                    10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

3047. INTANGIBLE ASSET AMORTIZATION

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; PL 103-66

[[Page 62273]]

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                    10/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3048. 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

Regulatory Flexibility Analysis Required: Yes
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
_______________________________________________________________________

3049. ERISA SECTION 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

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3050. TIMING OF NOTICE AND CONSENT REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provides relief to employers on timing of notice and consent 
requirements under sections 411(a) and 417.

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
Final Action                    10/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209626-93 (EE-24-93)
Drafting attorney: Robert Walsh (202) 622-6090.
Reviewing attorney: Marjorie Hoffman (202) 622-6030.
CC:EBEO

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

RIN: 1545-AU05
_______________________________________________________________________

3051. CONTINGENT INTEREST UNDER SECTION 2056(B)(7)

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

[[Page 62274]]

(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                    10/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Procurement: This is a procurement-related action for which there is no 
statutory requirement. There is a paperwork burden associated with this 
action.
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
Fax: 202 622-4743

RIN: 1545-AU27
_______________________________________________________________________

3052. 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                    12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-251502-96
Drafting attorney: Kevin B. Connelly (202) 622-3630.
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: 202 622-3630

RIN: 1545-AU68
_______________________________________________________________________

3053. 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

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

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.
Treasury attorney: Jim Sowell (202) 622-5721.
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
_______________________________________________________________________

3054. 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           12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3055. 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

[[Page 62275]]

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                    12/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-100841-97
Drafting attorney: Kevin Connelly (202) 622-3630.
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: 202 622-3630

RIN: 1545-AU97
_______________________________________________________________________

3056. 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

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3057. 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

Regulatory Flexibility Analysis Required: Yes
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) 622-2578.
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
_______________________________________________________________________

3058. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Agency Contact: M. Grace Fleeman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AV10
_______________________________________________________________________

3059. 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                    10/00/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-105163-97
Drafting attorney: Terri Belanger (202) 622-3080.
Reviewing attorney: William O'Shea (202) 622-3070.

[[Page 62276]]


Treasury attorney: James Sowell (202) 622-5721).
CC:DOM:P&SI

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

RIN: 1545-AV15
_______________________________________________________________________

3060. 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                    10/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-105162-97
Drafting attorney: Jeff Erickson (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
_______________________________________________________________________

3061. REMOVAL OF 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). The regulations 
provide rules for the substantiation of Congress members' travel 
expenses, and they are currently obsolete.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3062. 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
NPRM Comment Period End         04/02/98
Hearing                         05/13/98                       63 FR 35
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3063. KEROSENE TAX; AVIATION FUEL TAX; TAX ON HEAVY TRUCKS AND TRAILERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4082; 26 USC 4091; 26 USC 6427; 
24 USC 4052

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: The regulations will describe the kerosene tax and 
exemptions, credits and refunds relating to the Kerosene tax. The 
regulations will also describe a special rule for refunds of the 
aviation fuel tax and a special registration rule for certain sellers 
of heavy vehicles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/98                    63 FR 35893
NPRM Comment Period End         09/29/98
Final Action                    06/00/99

Regulatory Flexibility Analysis Required: Yes
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

[[Page 62277]]

Phone: 202 622-3130
Fax: 202 622-4524

RIN: 1545-AV71
_______________________________________________________________________

3064. REQUIRED DISTRIBUTIONS FROM QUALIFIED PLANS AND INDIVIDUAL 
RETIREMENT PLANS

Priority:  Substantive, Nonsignificant

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                    10/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3065. 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           10/00/98

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________

3066.  TRAVEL AND TOUR ACTIVITY OF TAX-EXEMPT ORGANIZATION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 513

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document contains regulations clarifying when the travel 
and tour activities of tax-exempt organizations are substantially 
related to purposes for which exemption was granted.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/23/98                    63 FR 20156
Final Action                    12/00/98

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-121268-97
Drafting attorney: Robin Erenberg (202) 622-6080.
Reviewing attorney: Regina Oldak (202) 622-6080.
Treasury attorney: Cathy Livingston (202) 622-1343.
CC:EBEO

Agency Contact: Robin Ehrenberg, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW., 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AW10
_______________________________________________________________________

3067.  REMOVAL OF REGULATION PROVIDING GUIDANCE UNDER SUBPART F 
RELATING TO PARTNERSHIPS AND BRANCHES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation removes TD 8767, temporary regulations 
relating to the treatment under subpart F of certain payments involving 
branches of a CFC that are treated as separate entities for foreign tax 
purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104537-97
Drafting attorney: Valerie Mark (202) 622-3840.
Reviewing attorney: Phyllis Marcus (202) 622-3840.
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: 202 622-4476

RIN: 1545-AW49

[[Page 62278]]

_______________________________________________________________________

3068.  INCREASE IN CASHOUT LIMIT UNDER SECTIONS 411(A)(7), 
411(A)(11), AND 417(E)(1)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Those regulations provide guidance relating to the increase 
from $3,500 to $5,000 of the limit on the distributions from qualified 
plans that can be made without participants consent, as amended by the 
Taxpayer Relief Act of 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           10/00/98

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113694-98
Drafting attorney: Michael Karlan (202) 622-6030.
CC:EBEO

Agency Contact: Micheal J. Karlon, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-6030

RIN: 1545-AW58
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)              Long-Term Actions
Internal Revenue Service (IRS)
_______________________________________________________________________

3069. RESEARCH AND COMPUTATION OF RESEARCH CREDIT UNDER SECTION 41 OF 
THE CODE, AFTER 1986, 1989 AND 1993 ACTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 602; 26 CFR 1

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
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Leslie Finlow
Phone: 202 622-3120
Fax: 202 622-4743

RIN: 1545-AO51
_______________________________________________________________________

3070. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AQ70
_______________________________________________________________________

3071.  QUALIFIED LESSEE CONSTRUCTION ALLOWANCES FOR SHORT-TERM 
LEASES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 110

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulation describing the information required to be 
furnished to the secretary by lessees and lessors involved with 
construction allowances for short-term leases.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106010-98
Drafting attorney: Paul Handleman (202) 622-3040.
Reviewing attorney: Walter Woo (202) 622-3040.
Treasury attorney: Christine Turgeon (202) 622-0865.
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
Fax: 202 622-4779

RIN: 1545-AW16
_______________________________________________________________________

3072. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AT73
_______________________________________________________________________

3073. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local, Tribal, Federal

Agency Contact: Rebecca Harrigal

[[Page 62279]]

Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU98
_______________________________________________________________________

3074. 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

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local

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

RIN: 1545-AV47
_______________________________________________________________________

3075. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AO24
_______________________________________________________________________

3076. SECTION 5F.163-1(B)(2)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 5f

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/93                     58 FR 5316
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AP33
_______________________________________________________________________

3077. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jan Skelton
Phone: 202 622-4970

RIN: 1545-AQ92
_______________________________________________________________________

3078. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AT97
_______________________________________________________________________

3079. GOLDEN PARACHUTE PAYMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/89                    54 FR 19390
NPRM Comment Period End         07/05/89
Hearing                         11/21/89                    54 FR 39548


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Misner
Phone: 202 622-6060

RIN: 1545-AH49
_______________________________________________________________________

3080. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AP52
_______________________________________________________________________

3081. CORPORATE INVERSION TRANSACTIONS

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Kenneth Cohen
Phone: 202 622-7790
Fax: 202 622-6834

RIN: 1545-AS91
_______________________________________________________________________

3082. INCOME TAX--PART 1--STOCK TRANSFER RULES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

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
Amendment to NPRM               06/19/98                    63 FR 33595
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

[[Page 62280]]

Government Levels Affected: Federal

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

RIN: 1545-AI32
_______________________________________________________________________

3083. 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

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/16/86                    51 FR 17990
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AK74
_______________________________________________________________________

3084. SECTION 361 OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AM97
_______________________________________________________________________

3085. TREATMENT OF SECTION 355 DISTRIBUTION BY U.S. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AU22
_______________________________________________________________________

3086. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charles Whedbee
Phone: 202 622-7550
Fax: 202 622-6834

RIN: 1545-AU33
_______________________________________________________________________

3087. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robin Ehrenberg
Phone: 202 622-6080

RIN: 1545-AD81
_______________________________________________________________________

3088. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AT82
_______________________________________________________________________

3089. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Marshall
Phone: 202 622-6030

RIN: 1545-AL53
_______________________________________________________________________

3090. 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

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: State, Local

Agency Contact: Cathy Vohs
Phone: 202 622-6030

RIN: 1545-AQ74

[[Page 62281]]

_______________________________________________________________________

3091. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Janet Laufer
Phone: 202 622-6060

RIN: 1545-AG14
_______________________________________________________________________

3092. GUIDANCE--INTEREST OTHER THAN OF 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeffrey Erickson
Phone: 202 622-3080

RIN: 1545-AO32
_______________________________________________________________________

3093. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Agency Contact: Martin Schaffer
Phone: 202 622-3070
Fax: 202 622-4524

RIN: 1545-AN64
_______________________________________________________________________

3094. MARK-TO-MARKET UPON DISPOSITION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/95                      60 FR 397


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AS85
_______________________________________________________________________

3095. TAXATION OF GLOBAL TRADING

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/28/90                    55 FR 35152
NPRM                            03/06/98                    63 FR 11177
NPRM Comment Period End         06/04/98
Hearing                         07/14/98                    63 FR 11177
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AP01
_______________________________________________________________________

3096. INTERCOMPANY TRANSFER PRICING FOR SERVICES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AR32
_______________________________________________________________________

3097. SECTION 501(C)(4) REGULATION CHANGES REGARDING TAXPAYER BILL OF 
RIGHTS 2

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Cynthia Morton
Phone: 202 622-6070

RIN: 1545-AV57
_______________________________________________________________________

3098. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AU91
_______________________________________________________________________

3099. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AU90

[[Page 62282]]

_______________________________________________________________________

3100. SECTION 736--LLC MEMBERS

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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AT31
_______________________________________________________________________

3101. FOREIGN INSURANCE COMPANIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AL82
_______________________________________________________________________

3102. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AP73
_______________________________________________________________________

3103. FASIT-CONSOLIDATED GROUPS/TRANSITIONAL START-UP

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301; 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AU94
_______________________________________________________________________

3104. FRINGE BENEFIT SOURCING UNDER SECTION 861

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AO72
_______________________________________________________________________

3105. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AP30
_______________________________________________________________________

3106. TRANSPORTATION INCOME SOURCE RULES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AJ68
_______________________________________________________________________

3107. SOURCE RULES FOR PAYMENTS MADE PURSUANT TO CERTAIN SWAP 
ARRANGEMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AU89
_______________________________________________________________________

3108. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AH85

[[Page 62283]]

_______________________________________________________________________

3109. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN OTHER 
EXPENSES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/12/91                    56 FR 10397
Hearing                         06/21/91                    56 FR 21640
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AM20
_______________________________________________________________________

3110. INTEGRATED FINANCIAL TRANSACTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AR20
_______________________________________________________________________

3111.  STOCKS AND SECURITIES SAFE HARBOR EXCEPTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulatory action will amend 26 CFR 1 to clarify and 
update the safe harbor that one is not engaged in a trade or business 
as a result of trading in stocks and securities. The amendment will 
provide additional guidance regarding the definitions of stocks and 
securities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/12/98                    63 FR 32164
Hearing                         09/09/98                    63 FR 32164
NPRM Comment Period End         09/10/98                    63 FR 32164
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106031-98
Drafting attorney: Milton Cahn (202) 622-3870.
Reviewing attorney: Paul Epstein (202) 622-3870.
Treasury attorney: Je Young Baik (202) 622-1773.
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

RIN: 1545-AW13
_______________________________________________________________________

3112. SOURCE RULES FOR PERSONAL PROPERTY SALES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AJ83
_______________________________________________________________________

3113. ALLOCATION OF LOSS ON DISPOSITION OF STOCK

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/08/96                    61 FR 35696
NPRM Comment Period End         10/07/96
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1545-AT41
_______________________________________________________________________

3114.  ALLOCATION OF LOSS ON DISPOSITION OF PERSONAL PROPERTY

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 865(j)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules for the allocation of loss 
on the sale of personal property other than stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106905-98
Drafting attorney: Seth Goldstein (202) 622-3810.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Je Young Baik (202) 622-1773.
CC:INTL

Agency Contact: Seth Goldstein, Technical Advisor to Assistant Chief 
Counsel, (International), Department of the Treasury, Internal Revenue 
Service, 1111 Constitution Avenue NW., Washington, DC 20224
Phone: 202 622-3810

RIN: 1545-AW09
_______________________________________________________________________

3115. PROPOSED REGULATION UNDER SECTIONS 882 AND 884

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Howard Wiener
Phone: 202 622-3870

[[Page 62284]]

Fax: 202 622-4476

RIN: 1545-AT96
_______________________________________________________________________

3116. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AL93
_______________________________________________________________________

3117. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Rogert Lorence
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AK79
_______________________________________________________________________

3118. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AO22
_______________________________________________________________________

3119. FOREIGN TAX CREDIT ANTI-ABUSE REGULATION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Rebecca I. Rosenberg
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AV97
_______________________________________________________________________

3120. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joan Thomsen
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AM11
_______________________________________________________________________

3121. APPLICATION OF SECTION 904 TO INCOME SUBJECT TO SEPARATE 
LIMITATIONS AND SECTION 864(E) AFFILIATED GROUP EXPENSE ALLOCATION RULES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/14/92                    57 FR 20660
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1545-AQ43
_______________________________________________________________________

3122. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AI16
_______________________________________________________________________

3123. SOURCE AND GROUPING RULES FOR FOREIGN SALES CORPORATION TRANSFER 
PRICING

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/03/98                    63 FR 10351
NPRM Comment Period End         06/01/98
Hearing                         06/24/98                    63 FR 10361
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AV90
_______________________________________________________________________

3124.  SOURCING RULES FOR FOREIGN SALES CORPORATION TRANSFER 
PRICING

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 927(e)(1)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides rules to clarify the special sourcing 
rules

[[Page 62285]]

under section 927(e)(1) for corporations that have elected to be 
treated as foreign sales corporations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-108618-98
Drafting attorney: Elizabeth Beck (202) 622-3880.
Reviewing attorney: Steven Muscher (202) 622-3880.
Treasury attorney: Ann Fisher (202) 622-1755.
CC:INTL

Agency Contact: Elizabeth Beck, 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-AW11
_______________________________________________________________________

3125.  SOURCING RULES FOR FOREIGN SALES CORPORATION TRANSFER 
PRICING

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 927(e)(1)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides rules to clarify the special sourcing 
rules under section 927(e)(1) for corporations that have elected to be 
treated as foreign sales corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108618-98
Drafting attorney: Elizabeth Beck (202) 622-3880.
Reviewing attorney: Steven Musher (202) 622-3880.
Treasury attorney: Ann Fisher (202) 622-1755.
CC:INTL

Agency Contact: Elizabeth Beck, 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-AW12
_______________________________________________________________________

3126. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AC10
_______________________________________________________________________

3127. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1545-AM91
_______________________________________________________________________

3128. INSURANCE INCOME

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/17/91                    56 FR 15540
Hearing                         06/21/91                    56 FR 15570


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AJ70
_______________________________________________________________________

3129. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AO25
_______________________________________________________________________

3130. GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/26/98                    63 FR 14669


Next Action Undetermined

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Valerie Mark
Phone: 202 622-3840
Fax: 202 622-4408

RIN: 1545-AV11
_______________________________________________________________________

3131. 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

[[Page 62286]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Anne Devereaux
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AM90
_______________________________________________________________________

3132. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Anne Devereaux
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AQ55
_______________________________________________________________________

3133. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AM12
_______________________________________________________________________

3134. 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

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1545-AP78
_______________________________________________________________________

3135.  SECTION 988--CONTINGENT DEBT INSTRUMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 988

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will prescribe the tax treatment of section 
988 debt instruments that provide for contingent payments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106486-98
Drafting attorney: Howard Wiener (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
Treasury attorney: Je Young Baik (202) 622-1773.
CC:INTL

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

RIN: 1545-AW33
_______________________________________________________________________

3136. INCOME TAX--TAX REFORM ACT OF 1984 RELATING TO INTEREST CHARGE 
DISCS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AG71
_______________________________________________________________________

3137. EQUITY OPTIONS WITHOUT STANDARD TERMS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/25/98                    63 FR 34616
NPRM Comment Period End         09/23/98


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Pamela Lew
Phone: 202 622-3950
Fax: 202 622-4425

RIN: 1545-AV48
_______________________________________________________________________

3138. GENERAL RULES FOR MAKING AND MAINTAINING QUALIFIED ELECTING FUND 
ELECTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/98                       63 FR 39
NPRM Comment Period End         04/02/98                       63 FR 41


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Margaret Fung
Phone: 202 622-3880

RIN: 1545-AV39
_______________________________________________________________________

3139. 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

Regulatory Flexibility Analysis Required: Undetermined

[[Page 62287]]

Government Levels Affected: Undetermined

Agency Contact: Margaret Fung
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AS46
_______________________________________________________________________

3140. 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.

CFR Citation:  26 CFR 601

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/21/98                    63 FR 19864
NPRM Comment Period End         07/21/98


Next Action Undetermined

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Agency Contact: Deanna Walton
Phone: 202 622-3050
Fax: 202 622-4524

RIN: 1545-AU77
_______________________________________________________________________

3141. QUALIFIED ZONE ACADEMY BONDS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/07/98                      63 FR 707


Next Action Undetermined

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: Local

Agency Contact: Timothy Jones
Phone: 202 622-3980

RIN: 1545-AV75
_______________________________________________________________________

3142. 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.

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/14/97                    62 FR 53504
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lilo Hester
Phone: 202 622-3840
Fax: 202 622-4408

RIN: 1545-AV27
_______________________________________________________________________

3143. REGULATIONS UNDER SECTION 1441 REGARDING WITHHOLDING ON SALES OF 
DEBT OBLIGATIONS BETWEEN INTEREST PAYMENT DATES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/14/97                    62 FR 53503
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lilo Hester
Phone: 202 622-3840

RIN: 1545-AV41
_______________________________________________________________________

3144.  FINAL 1441 REGULATION--TECHNICAL CORRECTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1441

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Technical corrections to TD 8734.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-112552-98
Drafting attorney: Lilo Hester (202) 622-3840.
Reviewing attorney: Philip Garlett (202) 622-3840.
Treasury attorney: Philip West (202) 622-1762.
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: 202 622-4476

RIN: 1545-AW39
_______________________________________________________________________

3145. WITHHOLDING TAX ON PAYMENTS FROM PARTNERSHIPS TO FOREIGN PARTNERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Jeffrey Vinnik
Phone: 202 622-3840
Fax: 202 622-4408

RIN: 1545-AL32
_______________________________________________________________________

3146. 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

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

[[Page 62288]]

Agency Contact: Martin Scully
Phone: 202 622-4960

RIN: 1545-AN73
_______________________________________________________________________

3147. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charles Whedbee
Phone: 202 622-7550
Fax: 202 622-6834

RIN: 1545-AU32
_______________________________________________________________________

3148. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AV54
_______________________________________________________________________

3149.  CONSOLIDATED OVERALL FOREIGN LOSS AND SEPARATE LIMITATION 
LOSS ACCOUNTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1502; 26 USC 904(f)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance on the computation of 
section 904(f) overall foreign loss accounts and separate limitation 
loss accounts and the apportionment of there accounts to members 
leaving a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106902-98
Drafting attorney: Seth Goldstein (202) 622-3810.
Reviewing attorney: Jack Feldman (202) 622-3810.
Treasury attorney: William Morris (202) 622-1779.
CC:INTL

Agency Contact: Seth Goldstein, Technical Advisor to the Assistant 
Chief, Counsel (International), Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224
Phone: 202 622-3810

RIN: 1545-AW08
_______________________________________________________________________

3150. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AR26
_______________________________________________________________________

3151. VALUATION OF CERTAIN FARM, REAL PROPERTY, ETC

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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AT66
_______________________________________________________________________

3152. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Alfred Kelley
Phone: 202 622-6040
Fax: 202 622-4631

RIN: 1545-AE62
_______________________________________________________________________

3153. LUXURY TAX REGULATIONS--REVENUE RECONSIDERATION ACT OF 1990

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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AP24
_______________________________________________________________________

3154. APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUST

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

[[Page 62289]]

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AU29
_______________________________________________________________________

3155. 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
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1545-AT18
_______________________________________________________________________

3156. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1545-AP10
_______________________________________________________________________

3157. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AJ93
_______________________________________________________________________

3158. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Christopher Kelley
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AK75
_______________________________________________________________________

3159. SECTION 6048 REGULATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Allison Wielobob
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AR25
_______________________________________________________________________

3160. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AQ61
_______________________________________________________________________

3161. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jean Casey
Phone: 202 622-6060

RIN: 1545-AN40
_______________________________________________________________________

3162.  FEDERAL EMPLOYMENT TAX DEPOSITS DE MINIMIS RULE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6302(a)

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: Increase the de minimis deposit threshold in section 31.6302-
1 (f)(4) from $500 to $1,000 per return period.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/16/98                    63 FR 32774
NPRM Comment Period End         09/14/98
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-110403-98
Drafting attorney: Vincent Surabian (202) 622-4940.

[[Page 62290]]


Reviewing attorney: Linda Kroening (202) 622-4800.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:IT&A

Agency Contact: Vincent Surabian, 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-AW28
_______________________________________________________________________

3163. SPECIAL RULES FOR S CORPS UNDER SECTION 301.7701(B)-7

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301; 26 CFR 602

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AS88
_______________________________________________________________________

3164. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AM67
_______________________________________________________________________

3165. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AQ01
_______________________________________________________________________

3166. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AT46
_______________________________________________________________________

3167. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AT47
_______________________________________________________________________

3168. 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

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John Huffman
Phone: 202 622-3110

RIN: 1545-AT70
_______________________________________________________________________

3169. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Pamela R. Kinard
Phone: 202 622-6030

RIN: 1545-AU46
_______________________________________________________________________

3170. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AU49
_______________________________________________________________________

3171. TREATMENT OF CONDUIT FINANCING USING FAST PAY PREFERRED STOCK

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

[[Page 62291]]

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jonathan Zelnik
Phone: 202 622-3940
Fax: 202 622-4425

RIN: 1545-AV07
_______________________________________________________________________

3172. 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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1545-AV08
_______________________________________________________________________

3173. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local, Tribal, Federal

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

RIN: 1545-AV22
_______________________________________________________________________

3174. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AV28
_______________________________________________________________________

3175. TAXPAYER BILL OF RIGHTS 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AV42
_______________________________________________________________________

3176. EITC RECERTIFICATION REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/25/98                    63 FR 34615
NPRM Comment Period End         09/23/98
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AV61
_______________________________________________________________________

3177. 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.

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AV81
_______________________________________________________________________

3178.  TRANSPORTATION OF PERSONS AND PROPERTY BY AIR--SECTIONS 
4261 AND 4271

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 721

CFR Citation:  26 CFR 49

Legal Deadline: None

Abstract: Guidance concerning the excise taxes imposed on the amounts 
paid for the transportation of persons and property by air.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106167-98
Drafting attorney: Patrick Kirwan (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:P&SI

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

RIN: 1545-AW18
_______________________________________________________________________

3179.  TRANSPORTATION OF PERSONS AND PROPERTY BY AIR--SECTIONS 
4261 AND 4271

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 721

CFR Citation:  26 CFR 49

[[Page 62292]]

Legal Deadline: None

Abstract: Guidance concerning the excise taxes imposed on the amounts 
paid for the transportation of persons and property by air.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106167-98
Drafting attorney: Patrick Kirwan (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:P&SI

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

RIN: 1545-AW19
_______________________________________________________________________

3180.  ESTATE TAX DEDUCTION FOR QUALIFIED FAMILY-OWNED BUSINESS 
INTERESTS (QFBI)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will address the estate deduction 
for certain qualified family-owned business interests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106430-98
Drafting attorney: Melissa Liquerman (202) 622-3120.
Reviewing attorney: Christine Ellison ()202) 622-3120.
Treasury attorney: Beth Kaufman (202) 622-1766.
CC:DOM:P&SI

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

RIN: 1545-AW21
_______________________________________________________________________

3181.  GUIDANCE UNDER SUBPART F RELATING TO CERTAIN HYBRID 
TRANSACTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 954

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on the treatment under 
subpart F of certain payments involving branches of a CFC that are 
treated as separate entities for foreign tax purposes or partnerships 
in which CFCs are partners.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113909-98
Drafting attorney: Valerie Mark (202) 622-3840.
Reviewing attorney: Phyllis Marcus (202) 622-3840.
Treasury attorney: Will 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: 202 622-4476

RIN: 1545-AW63
_______________________________________________________________________

3182.  RELIEF FROM JOINT AND SEVERAL LIABILITY ON JOINT RETURN

Priority:  Substantive, Nonsignificant

Unfunded Mandates: This action may affect the private sector under       
    PL 104-4.
Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will eliminate existing text in the CFR.

Legal Authority:  26 USC 6015

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document will provide procedures as are necessary to 
carry out the provisions of section 6015 including (1) methods for 
allocation of items other than the methods under section 6015(d)(3) and 
(2) providing the opportunity for an individual to have notice of, and 
an opportunity to participate in, any administrative proceeding with 
respect to an election made under section 6015(b) or section 6015(c), 
by the other individual filing the joint return.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Procurement: This is a procurement-related action for which there is a 
statutory requirement. There is no paperwork burden associated with 
this action.
Additional Information: REG-106446-98
Drafting attorney: Bridget Finkenaur (202) 622-7606.
Reviewing attorney: Judith Wall (202) 622-4940.
Treasury attorney: Chris Rizek (202) 622-1338.
CC:DOM:IT&A

Agency Contact: Bridget E. Finkenaur, 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-AW64
_______________________________________________________________________

3183.  INFORMATION REPORTING REQUIREMENTS OF INTEREST RECEIVED 
ON EDUCATION LOANS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6050s

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The regulations related to the requirements for filing 
information returns for interest received on qualified education loans. 
The regulations prescribe magnetic media filing requirements for these 
information returns.

[[Page 62293]]

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105316-98
Drafting Tax Law Specialist: John J. McGreevy (202) 622-4910.
Reviewing attorney: John M. Coulter (202) 622-4910.
CC:DOM:IT&A

Agency Contact: John J. McGreevy, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4910
Fax: 202 622-6316

RIN: 1545-AW67
_______________________________________________________________________

3184.  ELECTION TO TREAT TRUST AS ESTATE--SECTION 645

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 645; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance regarding the operation 
of section 646.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106542-98
Drafting attorney: Eliana Dolgoff (202) 622-3060.
Reviewing attorney: Arthur Ernst (202) 622-3060.
Treasury attorney: Beth Kaufman (202) 622-1766.
CC:DOM:P&SI

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

RIN: 1545-AW24
_______________________________________________________________________

3185. TAXPAYER ASSISTANCE ORDERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Robert Miller
Phone: 202 622-3640

RIN: 1545-AU01
_______________________________________________________________________

3186. 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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David B. Silber
Phone: 202 622-3930
Fax: 202 622-4425

RIN: 1545-AH72
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)              Completed Actions
Internal Revenue Service (IRS)
_______________________________________________________________________

3187. FOREIGN TAXPAYERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      01/31/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AQ93
_______________________________________________________________________

3188. TRANSFERS OF STOCK OR SECURITIES BY U.S. PERSONS TO FOREIGN 
CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8770          06/19/98                    63 FR 33550

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AP81
_______________________________________________________________________

3189. 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.

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/26/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Basso
Phone: 202 622-4940

RIN: 1545-AV35
_______________________________________________________________________

3190. VALUATION OF PLAN DISTRIBUTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8768          04/07/98                    63 FR 16895

Regulatory Flexibility Analysis Required: No

[[Page 62294]]

Government Levels Affected: None

Agency Contact: Linda Marshall
Phone: 202 622-6030

RIN: 1545-AT27
_______________________________________________________________________

3191. SOURCE AND GROUPING RULES FOR FOREIGN SALES CORPORATION TRANSFER 
PRICING

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8764          03/03/98                    63 FR 10305

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AV91
_______________________________________________________________________

3192.  GUIDANCE UNDER SUBPART S RELATING TO PARTNERSHIPS AND 
BRANCHES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance under subpart F relating 
to the treatment of fiscally transparent entities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8767          03/26/98                    63 FR 14613

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-104537-97
Drafting attorney: Valerie Mark (202) 622-3840.
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-AW07
_______________________________________________________________________

3193. RULES FOR A QBU CHANGING FROM THE PROFIT-AND-LOSS METHOD TO DASTM

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8765          03/05/98                    63 FR 10772

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1545-AR28
_______________________________________________________________________

3194. CHANGE FROM THE DOLLAR APPROXIMATE SEPARATE TRANSACTIONS METHOD 
(DASTM) TO THE PROFIT-AND-LOSS METHOD OF ACCOUNTING

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8765          03/05/98                    63 FR 10772

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1545-AS68
_______________________________________________________________________

3195.  CONVERSION TO THE EURO

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance to taxpayer regarding 
the change of certain European Counties' occurrences to the Euro.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8776          07/29/98                    63 FR 40366

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-110332-98
Drafting attorney: Howard Weiner (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
Treasury attorney: Je Young Baik (202) 622-1773.
CC:INTL

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

RIN: 1545-AW34
_______________________________________________________________________

3196. QEF SHAREHOLDER ELECTION - SPECIAL PREFERRED STOCK ELECTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      04/23/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Margaret Fung
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AM41
_______________________________________________________________________

3197. 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 8766          03/16/98                    63 FR 12641

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Roy Hirschhorn
Phone: 202 622-7770
Fax: 202 622-6834

RIN: 1545-AV98
_______________________________________________________________________

3198. COMMUNICATIONS TAX ISSUES

Priority:  Substantive, Nonsignificant

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

[[Page 62295]]

CFR Citation:  26 CFR 49

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      02/05/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AU86
_______________________________________________________________________

3199. ELECTING LARGE PARTNERSHIP ITEMS AND ADJUSTMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      04/03/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Robert Honigman
Phone: 202 622-3050

RIN: 1545-AV76
_______________________________________________________________________

3200. ELECTING LARGE PARTNERSHIP ITEMS AND ADJUSTMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      04/03/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Robert Honigman
Phone: 202 622-3050

RIN: 1545-AV77
_______________________________________________________________________

3201.  FEDERAL EMPLOYMENT TAX DEPOSITS--DE MINIMIS RULE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6302

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: Increases the de minimis deposit threshold in section 
31.6302-1 (f)(4) from $500 to $1,000 per return period.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8771          06/16/98                    63 FR 32735

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-110403-98
Drafting attorney: Vincent Surabian (202) 622-4940.
Reviewing attorney: Linda Kroening (202) 622-4800.
Treasury attorney: John Parcell (202) 622-2578.
CC:DOM:IT&A

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

RIN: 1545-AW29
_______________________________________________________________________

3202. TECHNICAL CORRECTIONS FOR CHAPTER 14

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      03/31/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lane Damazo
Phone: 202 622-3090

RIN: 1545-AR49
_______________________________________________________________________

3203. EXCISE TAX ON HEAVY TRUCKS, TRUCK TRAILERS AND SEMITRAILERS, AND 
TRACTORS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed without regulations      03/31/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AT63
_______________________________________________________________________

3204. MAGNETIC MEDIA FILING REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301; 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8772          06/30/98                    63 FR 35517

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Donna Welch
Phone: 202 622-4910

RIN: 1545-AU08
_______________________________________________________________________

3205. LLC RECOURSE DEBT AND QUALIFIED NONRECOURSE FINANCING

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8777          08/04/98                    63 FR 41420

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeffrey A. Erickson
Phone: 202 622-3070

RIN: 1545-AV17
_______________________________________________________________________

3206. PERMITTED ELIMINATION OF PRE-RETIREMENT OPTIONAL FORMS OF BENEFIT

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8769          06/05/98                    63 FR 30621

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cheryl Press
Phone: 202 622-6030
Fax: 202 622-4631

RIN: 1545-AV26

[[Page 62296]]

_______________________________________________________________________

3207. EITC RECERTIFICATION REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8773          06/25/98                    63 FR 34594

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AV62
_______________________________________________________________________

3208. ELECTION NOT TO APPLY LOOK-BACK METHOD TO QUALIFIED LONG-TERM 
CONTRACTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8775          07/02/98                    63 FR 36180
Final Action Effective          07/02/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Leo F. Nolan II
Phone: 202 622-4960

RIN: 1545-AV79
_______________________________________________________________________

3209.  KEROSENE TAX; AVIATION FUEL TAX; TAX ON HEAVY TRUCKS AND 
TRAILERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4082; 26 USC 4091; 26 USC 4052

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: The temporary regulations implement the provisions of the 
Taxpayer Relief Act of 1997 with regard to kerosene and certain refund 
claims compensation fuel tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8774          07/01/98                    63 FR 35799
Final Action Effective          07/01/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

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

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

RIN: 1545-AW15
BILLING CODE 4830-01-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)            Proposed Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________

3210. 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 have issued 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                            08/11/98                    63 FR 43052
NPRM Comment Period End         10/13/98
Final Action                    03/00/99

Regulatory Flexibility Analysis Required: Yes
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
_______________________________________________________________________

3211. 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 section 303 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 a recourse rule that would 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 standards for certain

[[Page 62297]]

loans involving residential properties and investment in mutual funds, 
(ii) risk-based capital standards for collateralized transactions, and 
(iii) risk-weight of claims on securities firms.

Timetable:

Claims on Securities Firms  NPRM 11/00/98

Collateralized Transactions  NPRM 08/16/96 (61 FR 42565)  Final Rule 
12/00/98

CDRIA Section 303 Capital Amendments  NPRM 10/27/97 (62 FR 55686)  NPRM 
Comment Period End 12/26/97  Final Rule 12/00/98

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)  NPRM 00/00/00

Servicing Assets  NPRM 08/04/97 (62 FR 42006)  NPRM Comment Period End 
10/03/97  Final Rule 08/10/98 (63 FR 42668)

Unrealized Gains on Equity Securities  NPRM 10/27/97 (62 FR 
55682)  NPRM Comment Period End 12/26/97  Final Rule 09/01/98 (63 FR 
46518)

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Additional Agency Contacts: Collateralized 
Transactions, Servicing Assets, Unrealized Gains on Equity Securities, 
Risk-weight of Claims on Securities Firms, 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 and Finance), 
Regulations & Legislation Division, (202) 906-7409.

Agency Contact: Michael D. Solomon, Senior Program Manager for Capital 
Policy, Supervision Policy, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-5654

RIN: 1550-AB11
_______________________________________________________________________

3212. 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                            09/00/99

Regulatory Flexibility Analysis Required: Yes
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
_______________________________________________________________________

3213.  KNOW YOUR CUSTOMER

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking 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, in conjunction with the other Federal banking agencies, 
intends to issue regulations requiring savings associations to develop 
and maintain ``know your customer'' programs that are designed to 
reduce the likelihood that they will become unwitting participants in 
money laundering and other illicit activities of their customers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Larry Clark, Senior Manager, Compliance and Trust 
Programs, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-5628
  
Christine Harrington, Counsel (Banking and Finance), Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7957

RIN: 1550-AB15
_______________________________________________________________________

3214.  TYPES OF OFFICES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1828

CFR Citation:  12 CFR 545; 12 CFR 561

Legal Deadline: None

Abstract: OTS has taken under consideration the adoption of a notice of 
proposed rulemaking to amend its definitions of home, branch and agency 
office, and the related regulations containing notice or application 
requirements for relocation or redesignation of offices. These 
provisions are under review in order to ensure that they meet the 
modern challenges of how institutions conduct their businesses.

[[Page 62298]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: 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
  
Raynette Gutrick, Attorney, Regulations & Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6265

RIN: 1550-AB18
_______________________________________________________________________

3215.  DIRECTORS AND 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 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 545; 12 CFR 563

Legal Deadline: None

Abstract: OTS has taken under consideration the adoption of a notice of 
proposed rulemaking to reorganize, revise and streamline its 
regulations concerning indemnification, savings association boards of 
directors, compensation, employment contracts, extension of credit to 
outsiders, conflicts of interest, and corporate opportunity.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Francis E. Raue, Program Analyst, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5750
  
Ellen J. Sazzman, Counsel (Banking and Finance), Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7133

RIN: 1550-AB19
_______________________________________________________________________

3216.  ASSESSMENTS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1462a; 12 USC 1463; 12 USC 1467; 12 USC 1467a

CFR Citation:  12 CFR 502

Legal Deadline: None

Abstract: OTS has issued a notice of proposed rulemaking that would 
amend its regulations to more equitably impose assessments on savings 
associations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/14/98                    63 FR 43642
NPRM Comment Period End         10/13/98
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Eric Hirschhorn, Principal Financial Economist, 
Research & Analysis, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7350
  
Christine Harrington, Counsel (Banking and Finance), Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7957

RIN: 1550-AB20
_______________________________________________________________________

3217.  LETTERS OF CREDIT, SURETYSHIP AND GUARANTY

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking 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 1701j-3; 12 USC 3803; 12 USC 3806; 42 USC 4106

CFR Citation:  12 CFR 545; 12 CFR 560

Legal Deadline: None

Abstract: OTS has issued a notice of proposed rulemaking to amend its 
regulations to clarify that a Federal savings association may act as 
guarantor and may issue letters of credit, subject to specified 
restrictions. The rule would also revise the restrictions on the 
authority of Federal savings associations to act as surety, and request 
comment on the existing regulations governing the escrow authority of 
Federal savings associations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/18/98                    63 FR 49877
NPRM Comment Period End         11/17/98
Final Action                    03/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William J. Magrini, Senior Project Manager, Supervision 
Policy, Department of the Treasury, Office of Thrift Supervision, 1700 
G Street NW., Washington, DC 20552
Phone: 202 906-5744
  
Raynette Gutrick, Attorney, Regulations & Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6265

RIN: 1550-AB21
_______________________________________________________________________

3218.  NON-DEPOSIT INVESTMENT PRODUCTS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing

[[Page 62299]]

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 1820; 12 USC 1828; 12 
USC 3806; 42 USC 4106

CFR Citation:  12 CFR 545; 12 CFR 563

Legal Deadline: None

Abstract: OTS has taken under consideration the issuance of a notice of 
proposed rulemaking to consolidate, simplify, and update its 
regulations regarding the sale of non-deposit investment products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Robyn Dennis, Manager, Supervision Policy, Department 
of the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-5751
  
Susan 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-AB22
_______________________________________________________________________

3219.  NONDISCRIMINATION

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking 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; 12 USC 2810; 12 USC 2901; 15 USC 1691; 42 USC 1981; 42 USC 
1982; 42 USC 3601 TO 3619

CFR Citation:  12 CFR 528; 12 CFR 571

Legal Deadline: None

Abstract: OTS has taken under consideration the issuance of a notice of 
proposed rulemaking that would revise and streamline its 
nondiscrimination regulations to increase clarity and reduce 
redundancy.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Richard Riese, Project Manager, Compliance Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6134
  
Richard Bennett, Counsel (Banking and Finance), Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7409

RIN: 1550-AB23
_______________________________________________________________________

3220.  CONVERSIONS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 2901; 15 USC 78c; 15 USC 78l; 15 USC 78m; 15 USC 
78n; 15 USC 78w

CFR Citation:  12 CFR 563b

Legal Deadline: None

Abstract: OTS has taken under consideration the issuance of a notice of 
proposed rulemaking to rewrite its mutual to stock conversion 
regulations in the ``plain English'' format.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Robyn Dennis, Manager, Supervision Policy, Department 
of the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-5751
  
Teri Valocchi, Counsel (Banking and Finance), Business Transactions 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7299

RIN: 1550-AB24
_______________________________________________________________________

3221.  DUE ON SALE AND USURY PREEMPTION

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1464; 12 USC 1701j-3; 12 USC 1735f-7a

CFR Citation:  12 CFR 590; 12 CFR 591

Legal Deadline: None

Abstract: OTS has taken under consideration the adoption of a notice of 
proposed rulemaking to amend 12 CFR parts 590 and 591 to convert them 
into ``plain English.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William J. Magrini, Senior Project Manager, Supervision 
Policy, Department of the Treasury, Office of Thrift Supervision, 1700 
G Street NW., Washington, DC 20552
Phone: 202 906-5744
  
Christine Harrington, Counsel (Banking and Finance), Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7957

RIN: 1550-AB25
_______________________________________________________________________

3222.  EXEMPT SAVINGS AND LOAN HOLDING COMPANIES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468

CFR Citation:  12 CFR 584

[[Page 62300]]

Legal Deadline: None

Abstract: OTS has taken under consideration the adoption of a notice of 
proposed rulemaking that would amend its regulations to clarify the 
circumstances under which certain multiple savings and loan holding 
companies are able to engage in the same activities as unitary holding 
companies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Richard L. Little, Senior Counsel (Banking and 
Finance), Business Transactions Division, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6447

RIN: 1550-AB26
_______________________________________________________________________

3223.  CONSUMER CREDIT CLASSIFIED AS A LOSS, SLOW CONSUMER 
CREDIT AND SLOW LOANS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a

CFR Citation:  12 CFR 561

Legal Deadline: None

Abstract: OTS has issued a notice of proposed rulemaking that would 
remove its regulatory definitions of ``consumer credit classified as a 
loss,'' ``slow consumer credit,'' and ``slow loans.'' These definitions 
are not necessary for the interpretation of any OTS regulation and may 
conflict with proposed guidance recently issued by the Federal 
Financial Institutions Examination Council.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/98                    63 FR 51305
NPRM Comment Period End         10/26/98
Final Action                    03/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William J. Magrini, Senior Project Manager, Supervision 
Policy, Department of the Treasury, Office of Thrift Supervision, 1700 
G Street NW., Washington, DC 20552
Phone: 202 906-5744
  
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-AB28
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)               Final Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________

3224. 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                      09/00/99

Regulatory Flexibility Analysis Required: Yes
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
_______________________________________________________________________

3225. 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 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1828

CFR Citation:  12 CFR 545; 12 CFR 555

Legal Deadline: None

Abstract: OTS has 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. In 
addition, a supplemental notice of rulemaking seeking comment on a 
requirement to file a notice notice with OTS prior to establishing a 
transactional web site has been issued.

[[Page 62301]]

Timetable:

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  Supplemental NPRM (SNPRM) 08/13/98 (63 FR 43327)  SNPRM 
Comment Period End 09/14/98 (63 FR 43327)  Final Rule 11/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Richard Bennett, Counsel (Banking and Finance), 
Regulations & Legislation Division, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7409
  
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
_______________________________________________________________________

3226. 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 issued 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                            04/23/98                    63 FR 20252
NPRM Comment Period End         06/22/98
Final Action                    11/00/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Anthony Cornyn, Director, Risk Management, Department 
of the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-5727
  
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
_______________________________________________________________________

3227.  YEAR 2000 SAFETY AND SOUNDNESS GUIDELINES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1831p-1

CFR Citation:  12 CFR 570

Legal Deadline: None

Abstract: OTS, in conjunction with the other Federal banking agencies, 
has issued safety and soundness guidelines pursuant to section 39 of 
the Federal Deposit Insurance Act to address the Year 2000 problem.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/15/98                    63 FR 55480
Interim Final Rule Comment 
Period End                      12/14/98
Final Action                    01/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Jennifer Dickerson, Sr. Manager, Information Systems 
Examination, Compliance Policy, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6531
  
Robert DeCuir, Senior Enforcement Attorney, Enforcement Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-7152

RIN: 1550-AB27
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)              Completed Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________

3228. 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.

CFR Citation:  12 CFR 563; 12 CFR 574

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/25/98                    63 FR 51272
Final Action Effective          09/25/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Frances Augello
Phone: 202 906-6151
Mary Jo Johnson
Phone: 202 906-5739

RIN: 1550-AB10
_______________________________________________________________________

3229. 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

[[Page 62302]]

duplication, or streamline requirements.

CFR Citation:  12 CFR 560

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/17/98                    63 FR 38461
Final Action Effective          07/17/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Susan P. Miles, Senior Attorney
Phone: 202 906-6798

RIN: 1550-AB12
_______________________________________________________________________

3230.  TRANSACTIONS WITH AFFILIATES; REVERSE REPURCHASE 
AGREEMENTS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking 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 issued a final rule regarding transactions with 
affiliates. The rule clarifies that reverse repurchase agreements are 
to be treated, with one limited exception, as loans or other extensions 
of credit for purposes of section 11(a)(1)(A) of the Home Owners' Loan 
Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/13/98                    63 FR 17966
NPRM Comment Period End         06/12/98
Final Action                    08/13/98                    63 FR 43292
Final Action Effective          10/01/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

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

Valerie J. Lithotomos, Counsel (Banking and Finance), Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6439

RIN: 1550-AB16
_______________________________________________________________________

3231.  CHARTER AND BYLAWS; ONE MEMBER, ONE VOTE

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 2901

CFR Citation:  12 CFR 544

Legal Deadline: None

Abstract: OTS has issued a final rule amending its regulations on 
Federal mutual savings association charters to expand the range of 
votes a Federal mutual savings association may allow a member to cast 
on issues requiring action by the members of the association. The 
current 50 to 1000 votes is increased to 1 to 1000 votes per member.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/14/98                    63 FR 18149
NPRM Comment Period End         06/15/98
Final Action                    08/31/98                    63 FR 46159
Final Action Effective          08/31/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: 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

David Permut, Counsel (Banking and Finance), Business Transactions 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7505

RIN: 1550-AB17
[FR Doc. 98-25579 Filed 11-06-98; 8:45 am]
BILLING CODE 6720-01-F