[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 21747]]



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Part XV



Department of the Treasury



_______________________________________________________________________

Semiannual Regulatory Agenda

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DEPARTMENT OF THE TREASURY (TREAS)                                     


_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

AGENCY: Departmental Offices, Treasury.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

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

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

Dated: March 22, 1999.

Richard S. Carro,

Associate General Counsel.

                                       Departmental Offices--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2570        31 CFR ch II   Possible Regulation of Access to Accounts at Financial Institutions        1505-AA74
            Through Payment Service Providers.....................................................
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2571        12 CFR 1805 (New)   Community Development Financial Institutions Program; Bank            1505-AA71
            Enterprise Award Program Regulations..................................................
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2572        31 CFR 103   Amendments to the Bank Secrecy Act Regulations--Suspicious Activity          1506-AA21
            Reporting--Broker/Dealers.............................................................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2573        31 CFR 103   Amendment to the Bank Secrecy Act Regulations--Registration Requirement      1506-AA09
            for Certain Non-Bank Financial Institutions--Money Services Businesses (MSBs).........
2574        31 CFR 103   Amendment to the Bank Secrecy Act Regulations Regarding Reporting of         1506-AA15
            Cross-Border Transportation of Certain Monetary Instruments...........................
2575        31 CFR 103   Amendments to the Bank Secrecy Act Regulations--Special Reporting and        1506-AA19
            Recordkeeping Requirements--Money Services Businesses (MSBs)..........................
2576        31 CFR 103   Amendments to the Bank Secrecy Act Regulations--Suspicious Activity          1506-AA20
            Reporting--Money Services Businesses (MSBs)...........................................
2577        31 CFR 103   Amendments to the Bank Secrecy Act Regulations--Suspicious Activity          1506-AA22
            Reporting--Casinos....................................................................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2578        31 CFR 103   Amendment to the Bank Secrecy Act Regulations--Requirement That Financial    1506-AA05
            Institutions Carry Out Anti-Money-Laundering Programs.................................

[[Page 21749]]


2579        31 CFR 103   Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To    1506-AA08
            Assess Civil Money Penalties on Depository Institutions...............................
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2580        31 CFR 205   Rules and Procedures for Funds Transfers.................................    1510-AA38
2581        31 CFR 240   Indorsement and Payment of Checks Drawn on the United States Treasury....    1510-AA45
2582        31 CFR 245   Claims on Account of Treasury Checks.....................................    1510-AA51
2583        31 CFR 285.5   Offset of Federal Payments (Other Than Tax Refund and Federal Benefit      1510-AA65
            Payments) To Collect Past-Due, Legally Enforceable Nontax Debt........................
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2584        31 CFR 210   Federal Government Participation in the Automated Clearing House.........    1510-AA17
2585        31 CFR 281   Foreign Exchange Operations..............................................    1510-AA48
2586        31 CFR 256   Payments Under Judgment and Private Relief Acts..........................    1510-AA52
2587        31 CFR 900 to 904   Federal Claims Collection Standards...............................    1510-AA57
2588        31 CFR 285.12   Transfer of Debts to Treasury for Collection..........................    1510-AA68
2589        31 CFR 285.7   Matching of Federal Employee Records for Salary Offset.................    1510-AA70
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2590        31 CFR 285.6   Offset of Federal Payments (Other Than Tax Refund and Federal Benefit      1510-AA66
            Payments) to Collect Past-Due Debts Owed to States (Other Than Child Support).........
2591        31 CFR 285.14   Public Dissemination of Identity of Delinquent Debtors................    1510-AA72
2592        31 CFR 202   Depositaries and Financial Agents of the Federal Government..............    1510-AA75
2593        31 CFR 203   Payment of Federal Taxes and the Treasury Tax and Loan Program...........    1510-AA76
2594        31 CFR 225   Acceptance of Bonds Secured by Government Obligations in Lieu of Bonds       1510-AA77
            With Sureties.........................................................................
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2595        31 CFR 225   Acceptance of Bonds Secured by Government Obligations in Lieu of Bonds       1510-AA36
            With Sureties.........................................................................
2596        31 CFR 203   Treasury Tax and Loan Depositaries and Payment of Federal Taxes..........    1510-AA37
2597        31 CFR 285.3   Offset of Tax Refund Payments To Collect Past-Due Support..............    1510-AA63
2598        31 CFR 285.4   Offset of Federal Benefit Payments.....................................    1510-AA64
2599        31 CFR 285.13   Barring Delinquent Debtors From Obtaining Federal Financial Assistance    1510-AA71
            in the Form of Loans or Loan Guarantees...............................................
2600        31 CFR 285.4   Offset of Federal Benefit Payments.....................................    1510-AA74
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[[Page 21750]]


                             Bureau of Alcohol, Tobacco and Firearms--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2601        27 CFR 5.36 (e)   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
----------------------------------------------------------------------------------------------------------------
2602        27 CFR 9   American Viticultural Areas................................................    1512-AA07
2603        27 CFR 7   Revision of Brewery Regulations and Issuance of Regulations for Taverns on     1512-AB37
            Brewery Premises (Brewpubs)...........................................................
2604        27 CFR 24   Implementation of Public Law 105-34, Sections 1421 and 1422...............    1512-AB75
2605        27 CFR 4   Alteration of Labels on Containers of Distilled Spirits, Wine and Beer.....    1512-AB76
2606        27 CFR 4.21   Labeling of Wine Specialty Products and Flavored Wines..................    1512-AB86
2607        27 CFR 4 to 5   Prohibition of Alcohol Beverage Containers and Standard of Fill for       1512-AB89
            Distilled Spirits and Wine............................................................
2608        27 CFR 55   Commerce in Explosives (Including Explosives in the Fireworks Industry)...    1512-AB48
2609        27 CFR 55   Implementation of Public Law 104-208, the Omnibus Consolidated                1512-AB73
            Appropriations Act of 1997, Relating to the Establishment of a National Repository for
            Arson and Explosives Information......................................................
2610        27 CFR 178   Impl. of PL 105-277, Making Omnibus Consolidated and Emergency               1512-AB83
            Supplemental Appropriations for FY 1999, Relating to the Permanent Provisions of the
            Brady Handgun Violence Prevention Act.................................................
2611        27 CFR 178   Identification of Markings Placed on Firearms............................    1512-AB84
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                            Bureau of Alcohol, Tobacco and Firearms--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2612        27 CFR 5   Labeling of Unaged Grape Brandy............................................    1512-AB46
2613        27 CFR 19.11   Distilled Spirits Plant Regulatory Initiative Proposal.................    1512-AB58
2614        27 CFR 21.3   Formulas for Denatured Alcohol and Rum..................................    1512-AB60
2615        27 CFR 24.278   Implementation of Wine Credit Provisions of Public Law 104-188........    1512-AB65
2616        27 CFR 4   Net Contents Statement on Wine Labels......................................    1512-AB70
2617        27 CFR 4   Implementation of Public Law 105-34, Sections 908, 910 and 1415, Related to    1512-AB71
            Hard Cider, Semigeneric Wine Designations and Wholesale Liquor Dealer's Signs.........
2618        27 CFR 24.178   Implementation of PL 105-34, Section 1417, Related to the Use of          1512-AB78
            Ameliorating Material in Certain Wines................................................
2619        27 CFR 4.91   Petition for Johannisberg Riesling; Proposed Addition of Grape Variety      1512-AB80
            Names for American Wines; Request for Additional Information for Other Proposed Grape
            Varieties.............................................................................
2620        27 CFR 47   Implementation of Public Law 104-132, the Antiterrorism and Effective         1512-AB63
            Death Penalty Act of 1996, Relating to the Marking of Plastic Explosives for the
            Purpose of Detection..................................................................
2621        27 CFR 178   Commerce in Firearms and Ammunition (Omnibus Consolidated Appropriations     1512-AB64
            Act of 1997)..........................................................................
2622        27 CFR 178   Residency Requirement for Persons Acquiring Firearms.....................    1512-AB66
2623        27 CFR 70   Recodification of Statement of Procedural Rules...........................    1512-AB54
2624        27 CFR 178   Technical Amendments to 27 CFR part 178..................................    1512-AB82
2625        5 CFR 1320.7 (f)(2)   Implementation of the Paperwork Reduction Act...................    1512-AB90
2626        27 CFR 290   Balanced Budget Act of 1997-PL 105-33, Restriction on the Importation of     1512-AB81
            Domestic Tobacco Products and Cigarette Papers and Tubes Returned to the United States
2627        27 CFR 270   Tobacco Products and Cigarette Papers and Tubes Tax Increases for January    1512-AB88
            1, 2000, and January 1, 2002..........................................................
2628        27 CFR 270   Implementation of Public Law 105-33, Section 9302, Related to Change in      1512-AB92
            Tax Computation of Cigarette Papers and the Imposition of Permit Requirements on Roll-
            Your-Own Tobacco......................................................................
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[[Page 21751]]


                           Bureau of Alcohol, Tobacco and Firearms--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2629        27 CFR 252   Exportation of Liquors...................................................    1512-AA98
2630        27 CFR 7   Alcoholic Content Labeling for Malt Beverages..............................    1512-AB17
2631        27 CFR 22.21   Distribution and Use of Tax-Free Alcohol...............................    1512-AB51
2632        27 CFR 20   Distribution of Denatured Alcohol and Rum.................................    1512-AB57
2633        27 CFR 18.56   Production of Volatile Fruit Flavored Concentrate......................    1512-AB59
2634        27 CFR 24.66   Implementation of Public Law 105-34, Section 1416 Relating to Refund of    1512-AB74
            Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer Relief
            Act of 1997)..........................................................................
2635        27 CFR 200   Technical Amendments to 27 CFR Part 200..................................    1512-AB91
2636        27 CFR 290   Exportation of Tobacco Products and Cigarette Papers and Tubes, Without      1512-AB03
            Payment of Tax, or With Drawback of Tax...............................................
----------------------------------------------------------------------------------------------------------------


                           Bureau of Alcohol, Tobacco and Firearms--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2637        27 CFR 4.40   Procedures for Revoking Previously Approved Certificates of Label           1512-AB34
            Approval, Exemptions From Label Approval, or Distinctive Liquor Bottle Approvals......
2638        27 CFR 55   Commerce in Explosives....................................................    1512-AB55
2639        27 CFR 55   Amendments to 27 CFR Part 55, Commerce in Explosives......................    1512-AB85
2640        27 CFR 53.61(b)   Firearms and Ammunition Excise Taxes Parts and Accessories..........    1512-AB49
2641        27 CFR 178   Brady Bill Regulations--Permanent Provision..............................    1512-AB67
2642        27 CFR 178   Posting of Signs and Written Notifications to Purchasers of Handguns.....    1512-AB68
2643        27 CFR 24   Delegation of Authorities of the Director in Title 27, Part 24, of the        1512-AB87
            Code of Federal Regulations...........................................................
----------------------------------------------------------------------------------------------------------------


                                 Bureau of the Public Debt--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2644        31 CFR 380 (New)   Regulations Governing Collateral Acceptability and Valuation.......    1535-AA00
----------------------------------------------------------------------------------------------------------------


                                  Bureau of the Public Debt--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2645        17 CFR 405   Amendments to the Government Securities Act Regulations: Reports To Be       1535-AA01
            Made by Specialized Government Securities Broker-Dealers Regarding Year 2000 Readiness
----------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2646        12 CFR 19   Uniform Rules of Practice and Procedure; Regulation Review................    1557-AB43
2647        12 CFR 1.3(e)(1)   Interpretive Rulings...............................................    1557-AB61
2648        12 CFR 24   Community Development Corporation and Project Investments and Other Public    1557-AB69
            Welfare Investments...................................................................
2649        12 CFR 34   Real Estate Appraisals....................................................    1557-AB70
2650        12 CFR 21   Minimum Security Devices and Procedures...................................    1557-AB71
----------------------------------------------------------------------------------------------------------------


[[Page 21752]]


                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2651        12 CFR 3   Capital Rules..............................................................    1557-AB14
2652        12 CFR 4   Expanded Examination Cycle for Certain Small Financial Institutions........    1557-AB56
2653        12 CFR 26   Management Official Interlocks............................................    1557-AB60
2654        12 CFR 4   Organization and Functions, Availability and Release of Information,           1557-AB65
            Contracting Outreach Program..........................................................
2655        12 CFR 30 app B   Interagency Guidelines Establishing Year 2000 Standards for Safety      1557-AB67
            and Soundness.........................................................................
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2656        12 CFR 12   Qualification Requirements for Transactions in Certain Securities.........    1557-AB54
2657        00 CFR Not yet determined   Rules and Procedures for Claims Against OCC-Appointed         1557-AB59
            Receiverships for Uninsured Financial Institutions....................................
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2658        12 CFR 21.21   Bank Secrecy Act Compliance: ``Know Your Customer'' Requirements.......    1557-AB66
2659        12 CFR 9   Year 2000 Readiness Reports for Transfer Agent Activities..................    1557-AB68
----------------------------------------------------------------------------------------------------------------


                               United States Customs Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2660        19 CFR 159   Liquidation; Extension; Suspension.......................................    1515-AB66
2661        19 CFR 12   Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and         1515-AB74
            Music Videos of Live Musical Performances.............................................
2662        19 CFR 142   Reconciliation...........................................................    1515-AB85
2663        19 CFR 111   Remote Location Filing...................................................    1515-AC23
2664        19 CFR 102   NAFTA Preference Override................................................    1515-AC25
2665        19 CFR 4   Foreign Repairs to American Vessels........................................    1515-AC30
2666        19 CFR 134   Country of Origin Marking................................................    1515-AC32
2667        19 CFR 111   Customs Brokers..........................................................    1515-AC34
2668        19 CFR 4   Vessel Equipment Temporarily Landed for Repair.............................    1515-AC35
2669        19 CFR 12   Forced or Indentured Child Labor..........................................    1515-AC36
2670        19 CFR 143   Informal Entry of Low-Value Duty-Free Merchandise........................    1515-AC38
2671        19 CFR 24   Expanded Methods of Payment of Duties, Taxes, Interest and Fees...........    1515-AC40
2672        19 CFR 19   Customs Bonded Warehouses.................................................    1515-AC41
2673        19 CFR 4   Automated Export System (AES)..............................................    1515-AC42
2674        19 CFR 12   Amended Bond Procedures for Articles Subject to Exclusion Orders Issued by    1515-AC43
            the U.S. International Trade Commission...............................................
2675        19 CFR 113   Importation and Entry Bond Conditions Regarding Other Agency                 1515-AC44
            Documentation Requirements............................................................
----------------------------------------------------------------------------------------------------------------


                                 United States Customs Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2676        19 CFR 151   Accreditation of Commercial Testing Laboratories; Approval of Commercial     1515-AB60
            Gaugers...............................................................................
2677        19 CFR 134   Country-of-Origin Marking Requirements for Frozen Produce Packages.......    1515-AB61
2678        19 CFR 151   Detention of Merchandise.................................................    1515-AB75

[[Page 21753]]


2679        19 CFR 24   Interest on Underpayments and Overpayments of Customs Duties, Fees and        1515-AB76
            Interest..............................................................................
2680        19 CFR 181   North American Free Trade Agreement (NAFTA)--Implementation of Duty-         1515-AB87
            Deferral Program Provisions...........................................................
2681        19 CFR 103   Electronic Requests for Confidential Treatment of Export Manifest Data...    1515-AB89
2682        19 CFR 12   Entry of Softwood Lumber Shipments From Canada............................    1515-AB97
2683        19 CFR 171   Petitions for Relief; Seizures, Penalties, and Liquidated Damages........    1515-AC01
2684        19 CFR 12   Importation of Chemicals Subject to the Toxic Substances Control Act......    1515-AC04
2685        19 CFR 171   Guidelines for the Imposition and Mitigation of Penalties for Violation      1515-AC08
            of 19 USC 1592........................................................................
2686        19 CFR 123   Designated Land Border Crossing Locations for Certain Conveyances........    1515-AC12
2687        19 CFR 162   Penalties for False Drawback Claims......................................    1515-AC21
2688        19 CFR 4   Boarding of Vessels in the United States...................................    1515-AC29
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2689        19 CFR 4   Harbor Maintenance Fee.....................................................    1515-AA57
2690        19 CFR 24   Donated Cargo Exemption From Harbor Maintenance Fee.......................    1515-AA87
2691        19 CFR 102   Rules of Origin..........................................................    1515-AB19
2692        19 CFR 113   Automated Surety Interface...............................................    1515-AB25
2693        19 CFR 24   Fees Assessed for Defaulted Payments......................................    1515-AB38
2694        19 CFR 12   Textiles and Textile Products Subject to Textile Trade Agreements.........    1515-AB54
2695        19 CFR 134   Country-of-Origin Marking for Watches....................................    1515-AB68
2696        19 CFR 148   Treatment of Merchandise Imported by Foreign Governments or Designated       1515-AB92
            International Organizations...........................................................
2697        19 CFR 12   Determination of the Country of Origin of Textiles and Textile Products...    1515-AC00
2698        19 CFR 103   Public Disclosure of Aircraft Manifests..................................    1515-AC13
2699        19 CFR 141   Customs Entry Documentation Pursuant to Anticounterfeiting Consumer          1515-AC15
            Protection Act........................................................................
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2700        19 CFR 133   Parallel Imports and Other Trademarked Goods.............................    1515-AB49
2701        19 CFR 10   Warehouse Withdrawals; Aircraft Fuel Supplies; Pipeline Transportation in     1515-AB67
            Bond of Merchandise...................................................................
2702        19 CFR 123   Foreign-Based Commercial Motor Vehicles in International Traffic.........    1515-AB88
2703        19 CFR 146   Weekly Entry Procedure for Foreign Trade Zones...........................    1515-AC05
2704        19 CFR 123   Land Border Carrier Initiative Program...................................    1515-AC16
2705        19 CFR 192   Exportation of Used Motor Vehicles.......................................    1515-AC19
2706        19 CFR 12   Elimination of Certification Requirement for Film Importers...............    1515-AC20
2707        19 CFR 24   Automated Clearinghouse Credit............................................    1515-AC26
2708        19 CFR 162   Mandatory Seizure of Certain Plastic Explosives..........................    1515-AC33
2709        19 CFR 174   Conforming Amendments Concerning Protests and Administrative Rulings.....    1515-AC37
2710        19 CFR 24   Exemption of Israeli Products from Certain User Fees......................    1515-AC39
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2711         Section 79, Table I, Update..........................................................    1545-AN54
2712         Qualified Lessee Construction Allowances for Short-Term Leases.......................    1545-AW16
2713         Definition of Contribution in Aid of Construction Under Subsection 118(c)(3)(A)......    1545-AW17
2714         Purchase Price Allocation............................................................    1545-AV58

[[Page 21754]]


2715         Guidance Under Section 355(d)........................................................    1545-AW71
2716         Section 361 Outbound Transfers of Property to Foreign Corporations...................    1545-AM97
2717         Accounting for Long-Term Contracts...................................................    1545-AQ30
2718         Application of Attribution Rules to Foreign Trusts...................................    1545-AU91
2719         Capital Gain Guidance Relating to CRTs...............................................    1545-AW35
2720         Foreign Grantor Trusts...............................................................    1545-AO75
2721         Foreign Insurance Companies..........................................................    1545-AL82
2722         FASIT--Start-up/Operational/Transition...............................................    1545-AU94
2723         Fringe Benefit Sourcing Under Section 861............................................    1545-AO72
2724         Source of Income for Space and Certain Ocean Activities and for International            1545-AW50
            Communications Income.................................................................
2725         Integrated Financial Transaction.....................................................    1545-AR20
2726         Source Rules for Personal Property Sales.............................................    1545-AJ83
2727         Income Tax--Reciprocal Exemptions for Certain Transportation Income..................    1545-AJ57
2728         Foreign Tax Credit Anti-Abuse Regulation.............................................    1545-AV97
2729         Clarification of Treatment of Separate Limitation Losses.............................    1545-AM11
2730         Foreign Insurance Company--Domestic Election.........................................    1545-AO25
2731         Coordination of Pre-1987 Deemed Paid Taxes...........................................    1545-AT85
2732         Section 988--Contingent Debt Instrument..............................................    1545-AW33
2733         Electing Small Business Trust........................................................    1545-AU76
2734         Applications of Section 1503(d) to Partnerships and Other Items......................    1545-AR26
2735         GRAT and Notes.......................................................................    1545-AW25
2736         Section 355(e) Guidance..............................................................    1545-AW79
2737         Information Reporting and Record Maintenance Under Section 6038C.....................    1545-AP10
2738         Middleman Regulation Under Sections 6041 and 6045....................................    1545-AW48
2739         Reporting of Payments to Attorney....................................................    1545-AW72
2740         Section 6048 Regulations.............................................................    1545-AR25
2741         Private Foundation Disclosure Rules..................................................    1545-AW96
2742         Corporate Tax Shelter Registration...................................................    1545-AW26
2743         Electronic Fund Transfers of Federal Deposits........................................    1545-AW41
2744         Compromises..........................................................................    1545-AW88
2745         Relief for Presidentially Declared Disaster..........................................    1545-AV92
2746         Special Rules Applicable to Sales of Debt Instrument Between Record Dates and the End    1545-AU95
            of Accrual Periods....................................................................
2747         Legending of REMIC Certificates......................................................    1545-AU96
2748         Withdrawal of Notice of Federal Tax Lien.............................................    1545-AV00
2749         Return of Levied Property in Certain Cases...........................................    1545-AV01
2750         Merchandise..........................................................................    1545-AW00
2751         HIPAA Nondiscrimination Rules........................................................    1545-AW02
2752         Averaging of Farm Income.............................................................    1545-AW05
2753         Transportation of Persons and Property by Air--Sections 4261 and 4271................    1545-AW19
2754         Estate Tax Deduction for Qualified Family-Owned Business Interests (QFBI)............    1545-AW21
2755         Capital Gains and Partnership Provisions.............................................    1545-AW22
2756         Section 411(d)(6); Protected Benefits Exceptions.....................................    1545-AW27
2757         Disregarded Entities.................................................................    1545-AW36
2758         Section 148--Clarification of the Treatment of Prepayments...........................    1545-AW44
2759         Modification of Section 263A Regulations.............................................    1545-AW54
2760         Modification of the Solely-for-Voting Stock Requirement in Certain Corporate             1545-AW55
            Reorganizations.......................................................................
2761         Merchandise Regulation...............................................................    1545-AW61
2762         Guidance Under Subpart F Relating to Certain Hybrid Transactions.....................    1545-AW63
2763         Relief From Joint and Several Liability on Joint Return..............................    1545-AW64
2764         Information Reporting for Payments of Tuition and Interest on Education Loans........    1545-AW67
2765         Definition of Private Activity Bonds--Refunding Regulations..........................    1545-AW89
2766         Certain Asset Transfers to Regulated Investment Companies (RICs) and Real Estate         1545-AW92
            Investment Trusts (REITs).............................................................
2767         Constructive Sales of Appreciated Financial Positions................................    1545-AW97
2768         Transfer of REMIC Residual Interest..................................................    1545-AW98
2769         Qualified Offers.....................................................................    1545-AW99
2770         Election To Treat Trust as Estate--Section 645.......................................    1545-AW24
----------------------------------------------------------------------------------------------------------------


[[Page 21755]]


                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2771         Research and Computation of Research Credit Under Section 41 of the Code, After 1986,    1545-AO51
            1989 and 1993 Acts....................................................................
2772         Loans Treated as Distributions.......................................................    1545-AE41
2773         Removal of Temporary Regulations.....................................................    1545-AV36
2774         Earnings Stripping Payments..........................................................    1545-AO24
2775         Section 5.163-1(B)(2)................................................................    1545-AP33
2776         Rules for Property Produced in a Farming Business....................................    1545-AQ91
2777         Substantiation of Expenses--Receipt Threshold........................................    1545-AT97
2778         Warrants and Nonqualified Preferred Stock............................................    1545-AV86
2779         Income Tax--Part 1--Stock Transfer Rules.............................................    1545-AI32
2780         Amendment of the Income Tax Regulations Under Section 367 of the Code (Transfers to      1545-AK74
            Foreign Corporations) To Reflect Section 131 of the Tax Reform Act of 1984 (P.L. 98-
            369)..................................................................................
2781         Treatment of Section 355 Distribution by U.S. Corporations to Foreign Persons........    1545-AU22
2782         Regulations Under Section 382........................................................    1545-AU33
2783         Definition of ``Highly Compensated Employee''........................................    1545-AQ74
2784         Section 467 Rental Agreements........................................................    1545-AU11
2785         Escrow Funds and Other Similar Funds.................................................    1545-AR82
2786         Taxation of Global Trading...........................................................    1545-AP01
2787         Qualified State Tuition Programs.....................................................    1545-AV18
2788         Inbound Grantor Trusts With Foreign Grantors.........................................    1545-AU90
2789         Adjustments Following Sales of Partnership Interests.................................    1545-AS39
2790         Determination of Earned Premiums.....................................................    1545-AU60
2791         Charitable Contributions.............................................................    1545-AP30
2792         Allocation and Apportionment of Interest Expense and Certain Other Expenses..........    1545-AM20
2793         Stocks and Securities Safe Harbor Exception..........................................    1545-AW13
2794         Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign          1545-AK79
            Investment in Real Property Tax Act...................................................
2795         Conforming Taxable Years of CFCs and FPHCs: 1989 Change..............................    1545-AO22
2796         Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax     1545-AC09
            and Civil Penalties for Failure to File...............................................
2797         New Lines of Business Prohibited Under Section 936(j)(9)(B)..........................    1545-AV68
2798         Guidance Under Subpart F Relating to Partnerships....................................    1545-AV11
2799         Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch    1545-AM12
            Remittances...........................................................................
2800         Mark-to-Market Method of Accounting Under Section 988................................    1545-AP78
2801         Equity Options Without Standard Terms................................................    1545-AV48
2802         Inflation-Indexed Securities.........................................................    1545-AU45
2803         General Rules for Making and Maintaining Qualified Electing Fund Elections...........    1545-AV39
2804         Passive Foreign Investment Companies--Special Rules for Foreign Banks and Securities     1545-AS46
            Dealers...............................................................................
2805         Definition of the Term ``Marketable Stock'' Under Section 1296(e)(1)(A)(iii).........    1545-AW69
2806         S Corporation Subsidiaries...........................................................    1545-AU77
2807         Qualified Zone Academy Bonds.........................................................    1545-AV75
2808         Regulations Under Section 1441 Regarding the Electronic Transmission of Withholding      1545-AV27
            Certificates..........................................................................
2809         Regulations Under Section 1441 Regarding Withholding on Sales of Debt Obligations        1545-AV41
            Between Interest Payment Dates........................................................
2810         Regulations Under Section 1502.......................................................    1545-AU32
2811         Consolidated Returns--Limitations on the Use of Certain Losses and Credits...........    1545-AV88
2812         Consolidated Returns--Limitations on the Use of Certain Losses and Credits...........    1545-AV99
2813         Acquisition of an S Corporation by a Member of a Consolidated Group..................    1545-AW32
2814         Partnership Returns Required on Magnetic Media.......................................    1545-AW14
2815         Adequate Disclosure of Gifts.........................................................    1545-AW20
2816         Exception From Supplemental Tax......................................................    1545-AT56
2817         New Technology in Retirement Plans...................................................    1545-AW78
2818         Prepaid Telephone Cards..............................................................    1545-AV63
2819         Clarification of 4958 Excise Taxes...................................................    1545-AV60
2820         Telefile Voice Signatures Test.......................................................    1545-AQ68
2821         6046A--Returns as to Interests in Foreign Partnerships...............................    1545-AK75
2822         Public Disclosure of Material Relating to Tax-Exempt Organizations...................    1545-AV13
2823         Federal Employment Tax Deposits De Minimis Rule......................................    1545-AW28
2824         Payment by Credit Card and Debit Card................................................    1545-AW37
2825         Revision of Tax Refund Offset Program................................................    1545-AV50

[[Page 21756]]


2826         Compromises..........................................................................    1545-AW87
2827         Treatment of Obligation-Shifting Transactions........................................    1545-AU19
2828         Intangible Asset Amortization........................................................    1545-AS77
2829         Passthrough of Items to Shareholders.................................................    1545-AT52
2830         Reporting Requirements for Widely Held Fixed Investment Trusts.......................    1545-AU15
2831         Relief From Disqualification for Plans Accepting Rollovers...........................    1545-AU46
2832         Return of Partnership Income--Section 6031...........................................    1545-AU99
2833         Recharacterizing Financing Arrangements Involving Fast-pay stock.....................    1545-AV07
2834         Taxpayer Identification Numbers (TINs) for Adopted Children..........................    1545-AV08
2835         Regulations Under Sections 871, 881, and 894 Regarding Payments to Partnerships, and     1545-AV10
            Other Transparent Arrangements........................................................
2836         Research Credit II...................................................................    1545-AV14
2837         Treatment of Elective Entity Classification Changes--7701............................    1545-AV16
2838         Remedial Amendment Period............................................................    1545-AV22
2839         Electronic Tip Reporting.............................................................    1545-AV28
2840         Compliance Monitoring and Miscellaneous Issues Relating to the Low Income Housing        1545-AV44
            Credit................................................................................
2841         Marital Deduction (Estate of Hubert).................................................    1545-AV45
2842         Removal of Temporary Regulations That Provide Rules for Substantiating Travel Expense    1545-AV55
            Deductions for Members of Congress....................................................
2843         Section 6038 Information Reporting Requirements for Foreign Partnerships.............    1545-AV69
2844         Kerosene Tax; Aviation Fuel Tax; Tax on Heavy Trucks and Trailers....................    1545-AV71
2845         Continuity of Interest...............................................................    1545-AV81
2846         Substantiation of Business Expenses--Use of Mileage Rates To Substantiate Automobile     1545-AV87
            Expenses..............................................................................
2847         Averaging of Farm Income.............................................................    1545-AW04
2848         Travel and Tour Activity of Tax-Exempt Organization..................................    1545-AW10
2849         Intercompany Obligations.............................................................    1545-AW30
2850         Removal of Regulation Providing Guidance Under Subpart F Relating to Partnerships and    1545-AW49
            Branches..............................................................................
2851         Guidance Under Section 1032..........................................................    1545-AW53
2852         Increase in Cashout Limit Under Sections 411(a)(7), 411(a)(11), and 417(e)(1)........    1545-AW59
2853         Balanced Performance Measurement System..............................................    1545-AW80
2854         Allocation of Unrecaptured Section 1250 Gain Reported on the Installment Method......    1545-AW85
2855         Notice and Opportunity for Hearing Before Levy.......................................    1545-AW90
2856         Notice and Opportunity for Hearing Upon Filing of Notice of Lien.....................    1545-AW91
2857         Continuation Coverage Requirements Applicable to Group Health Plans..................    1545-AW94
2858         Qualified Offers.....................................................................    1545-AX00
2859         Averaging of Farm Income.............................................................    1545-AX01
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2860         Statement of Procedural Rules--Part 601.702 Appendix B - Internal Revenue Service -      1545-AR99
            31 CFR Part 1.........................................................................
2861         The Treatment of Accelerated Death Benefits Under Sections 101, 7702 and 7702A of the    1545-AQ70
            Internal Revenue Code.................................................................
2862         Definition of ``Private Activity Bonds''.............................................    1545-AU98
2863         Private Activity Bond Rules for Output Facilities....................................    1545-AV47
2864         Golden Parachute Payments............................................................    1545-AH49
2865         Guidance in Notice 89-37, Which Treats the Receipt of a Corporate Partner's Stock by     1545-AP52
            the Corporate Partner as a Circumvention of General Utilities Repeal..................
2866         Corporate Inversion Transactions.....................................................    1545-AS91
2867         Income Tax--Deduction for Certain Foreign Deferred Compensation Plans................    1545-AD81
2868         Allocation of Accrued Benefits Between Employer and Employee Contributions...........    1545-AT82
2869         Treatment of Funded Welfare Benefit Plans............................................    1545-AG14
2870         Limitations on Passive Activity Losses and Credits--Self-Charged Items...............    1545-AN64
2871         Mark-to-Market Upon Disposition......................................................    1545-AS85
2872         Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and       1545-AW06
            Commodities...........................................................................
2873         Intercompany Transfer Pricing for Services...........................................    1545-AR32
2874         Separate Share Rules/Estates.........................................................    1545-AW57

[[Page 21757]]


2875         Source Rules for Payments Made Pursuant to Certain Swap Arrangements.................    1545-AU89
2876         Allocation of Loss on Disposition of Personal Property...............................    1545-AW09
2877         Proposed Regulation Under Sections 882 and 884.......................................    1545-AT96
2878         Income of Foreign Governments and International Organizations........................    1545-AL93
2879         FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other      1545-AI16
            Special Rules for FSC.................................................................
2880         Income Tax--Definition of Qualified Possession Source Investment Income for Purposes     1545-AC10
            of Puerto Rico and Possession Tax Credit..............................................
2881         CBI Investments of Section 936 Funds.................................................    1545-AM91
2882         Earnings and Profits of Controlled Foreign Corporations..............................    1545-AM90
2883         Use of GAAP Earnings as E&P of Foreign Corporations..................................    1545-AQ55
2884         Consolidated Alternative Minimum Tax.................................................    1545-AN73
2885         Application of Grantor Trust Rules to Nonexempt Employees' Trust.....................    1545-AU29
2886         Diesel Fuel Excise Tax; Dye Injection Systems and Markers............................    1545-AT18
2887         Information From Passport and Immigration Applicants.................................    1545-AJ93
2888         Interest-Free Adjustments............................................................    1545-AQ61
2889         Railroad Unemployment Repayment Tax..................................................    1545-AN40
2890         Retention of Paid Preparers' Signatures..............................................    1545-AW52
2891         Preparer Due Diligence Requirements for Determining Earned Income Credit Eligibility.    1545-AW73
2892         Timely Mailing Treated as Timely Filing/Electronic Postmark..........................    1545-AW81
2893         Straddles--Miscellaneous Issues......................................................    1545-AT46
2894         Effect of the Family and Medical Leave Act on the Operation of Cafeteria Plans.......    1545-AT47
2895         Recomputation of Life Insurance Reserves.............................................    1545-AU49
2896         Civil Cause of Action for Certain Unlawful Collection Actions........................    1545-AU68
2897         Agreements for Payment of Tax Liabilities in Installments............................    1545-AU97
2898         Deposits of Excise Taxes.............................................................    1545-AV02
2899         EITC Recertification Requirements....................................................    1545-AV61
2900         Required Distributions From Qualified Plans and Individual Retirement Plans..........    1545-AV82
2901         Disclosure of Return Information to the Bureau of the Census.........................    1545-AV84
2902         Interest on Education Loans..........................................................    1545-AW01
2903         Conversion to the Euro...............................................................    1545-AW43
2904         Education Credits....................................................................    1545-AW65
2905         Modifications and Additions to the Unified Partnership Audit Procedures..............    1545-AW86
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2906         Exclusion From Income of Certain Cost-Sharing Payments Under Government Programs.....    1545-AT73
2907         Arbitrage Restrictions on Tax Exempt Bonds...........................................    1545-AU39
2908         Continuity of Interest...............................................................    1545-AW45
2909         Guidance Under Section 30 and 179A...................................................    1545-AR66
2910         Production of Creative Property......................................................    1545-AQ92
2911         Certain Asset Transfers to a Tax-Exempt Entity.......................................    1545-AN21
2912         Roth IRAs............................................................................    1545-AW62
2913         Revising the Definition of the Full Funding Limitation for Purposes of the Minimum       1545-AL53
            Funding Requirement for Pension Plans.................................................
2914         Guidance--Interest Other Than of Creditor............................................    1545-AO32
2915         Mark-to-Market for Securities Dealers; Application of Held for Investment Exemption      1545-AU87
            to Consolidated Groups................................................................
2916         Section 501(c)(4) Regulation Changes Regarding Taxpayer Bill of Rights 2.............    1545-AV57
2917         Guidance Regarding Charitable Remainder Trust........................................    1545-AU25
2918         Section 736--LLC Members.............................................................    1545-AT31
2919         FASIT--Start-Up/Operational/Transitions..............................................    1545-AV59
2920         Extension of Time for Real Estate Mortgage Investment Conduits To Provide Reporting      1545-AP73
            Information...........................................................................
2921         Classification of Certain Transactions Involving Computer Programs...................    1545-AU70
2922         Transportation Income Source Rules...................................................    1545-AJ68
2923         Source of Income From Sales of Inventory Partly From Sources Within a Possession of      1545-AU79
            the United States.....................................................................

[[Page 21758]]


2924         Treatment of Related Person Factoring Income; Certain Investments in United States       1545-AH85
            Property; and Stock Redemptions Through Related Corporations..........................
2925         Allocation of Loss on Disposition of Stock...........................................    1545-AT41
2926         Application of Section 904 to Income Subject to Separate Limitations and Section         1545-AQ43
            864(e) Affiliated Group Expense Allocation Rules......................................
2927         Source and Grouping Rules for Foreign Sales Corporation Transfer Pricing.............    1545-AV90
2928         Sourcing Rules for Foreign Sales Corporation Transfer Pricing........................    1545-AW11
2929         Sourcing Rules for Foreign Sales Corporation Transfer Pricing........................    1545-AW12
2930         New Lines of Business Prohibited Under Section 936(j)(9)(B)..........................    1545-AV67
2931         Insurance Income.....................................................................    1545-AJ70
2932         Income Tax--Tax Reform Act of 1984 Relating to Interest Charge DISCs.................    1545-AG71
2933         Final 1441 Regulation--Technical Corrections.........................................    1545-AW39
2934         Withholding Tax on Payments From Partnerships to Foreign Partners....................    1545-AL32
2935         Consideration of Repeal of Old 1.1502-13.............................................    1545-AV54
2936         Consolidated Overall Foreign Loss and Separate Limitation Loss Accounts..............    1545-AW08
2937         Effective Date of Section 1.1502-9T..................................................    1545-AW51
2938         Valuation of Certain Farm, Real Property, Etc........................................    1545-AT66
2939         Interest on Education Loans..........................................................    1545-AW75
2940         Federal Insurance Contributions Act (FICA) Taxation of Amounts Under Employee Benefit    1545-AF97
            Plans.................................................................................
2941         Federal Unemployment Tax Act (FUTA) Taxation of Amounts Under Employee Benefit Plans.    1545-AT99
2942         Treatment of Real Estate Agents and Direct Sellers as Nonemployees for Employment Tax    1545-AE62
            Purposes--Reporting Requirements With Respect to Direct Sellers.......................
2943         Luxury Tax Regulations--Revenue Reconsideration Act of 1990..........................    1545-AP24
2944         Retailers Tax/Tires..................................................................    1545-AW66
2945         Prepaid Telephone Cards..............................................................    1545-AV64
2946         Continuation Coverage Requirements of Group Health Plans.............................    1545-AI93
2947         Purchasing and Reporting.............................................................    1545-AV49
2948         Modification and Additions to the Unified Partnership................................    1545-AW23
2949         Electronic Funds Transfers of Federal Deposits.......................................    1545-AV96
2950         Electronic Funds Transfers of Federal Deposits.......................................    1545-AW40
2951         Payment by Credit Card and Debit Card................................................    1545-AW38
2952         Abatement of Interest................................................................    1545-AV32
2953         Definition of Reasonable Basis.......................................................    1545-AU38
2954         Due Diligence for EIC (Earned Income Credit).........................................    1545-AW03
2955         Preparer Due Diligence Requirements for Determining Earned Income Credit Eligibility.    1545-AW74
2956         Timely Mailing Treated as Timely Filing/Electronic Postmark..........................    1545-AW82
2957         Rewards for Information Relating to Violations of Internal Revenue Laws..............    1545-AU85
2958         Special Rules for S Corporations Under Section 301.7701(b)-7.........................    1545-AS88
2959         Residence of Trusts and Estates--7701................................................    1545-AU74
2960         Extension of Statute of Limitations in John Doe Summons Disputes.....................    1545-AM67
2961         Suspension of Running of Period of Limitations During Proceeding To Enforce              1545-AQ01
            Designated Summons....................................................................
2962         Amortization--Goodwill Intangibles 197...............................................    1545-AT70
2963         Start-Up Expenditures................................................................    1545-AT71
2964         ERISA Section 204(h) Notice..........................................................    1545-AT78
2965         Timing of Notice and Consent Requirements............................................    1545-AU05
2966         Usufruct; Nonresident Alien Shareholder; S Corporation Stock.........................    1545-AU18
2967         Contingent Interest Under Section 2056(b)(7).........................................    1545-AU27
2968         Payment From the Presidential Primary Matching Payment Account.......................    1545-AU57
2969         Tax Attribute Reduction..............................................................    1545-AU71
2970         Disclosure of Certain Returns and Return Information by Other Federal Agencies.......    1545-AU83
2971         Disclosure of Certain Returns and Return Information by Other Federal Agencies.......    1545-AU84
2972         Certain Investment Income--7704......................................................    1545-AV15
2973         Cash Advances of Compensation to Service Providers...................................    1545-AV21
2974         Taxpayer Bill of Rights 2 Changes to Section 7805(b).................................    1545-AV42
2975         HIPAA Newborns' and Mothers' Health Protection Act...................................    1545-AV52
2976         Qualified Long-Term Care Services and Insurance......................................    1545-AV56
2977         Section 707 Disguised Sales of Partnership Interest..................................    1545-AV66
2978         Section 6038B Information Reporting Requirements for Transfers to Foreign                1545-AV70
            Partnerships..........................................................................
2979         Disclosure of Return Information to the Bureau of the Census.........................    1545-AV83

[[Page 21759]]


2980         Substantiation of Business Expenses--Use of Mileage Rates To Substantiate Automobile     1545-AV89
            Expenses..............................................................................
2981         Section 411(d)(6) Protected Benefits (Taxpayer Relief Act of 1997)...................    1545-AV94
2982         Transportation of Persons and Property by Air--Sections 4261 and 4271................    1545-AW18
2983         Capital Gains--Installment Sales.....................................................    1545-AW47
2984         Increase in Cashout Limit Under Sections 411(a)(7), 411(a)(11), and 417(e)(1)........    1545-AW58
2985         Section 809--Stock Life Subsidiary of a Mutual Holding Company.......................    1545-AW70
2986         Notice and Opportunity for Hearing Before Levy.......................................    1545-AW76
2987         Notice and Opportunity for Hearing Upon Filing of Notice of Lien.....................    1545-AW77
2988         Retention of Paid Preparers Signatures...............................................    1545-AW83
2989         Aviation Fuel Tax....................................................................    1545-AW84
2990         Section 411(d)(6) Protected Benefits (Taxpayer Relief Act of 1997)...................    1545-AV95
2991         Taxpayer Assistance Orders...........................................................    1545-AU01
2992         Regulations on Income Tax Under the Tax Reform Act of 1984, Relating to Below-Market     1545-AH72
            Loans.................................................................................
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2993        12 CFR 516   Application Processing...................................................    1550-AB14
2994        12 CFR 545   Types of Offices.........................................................    1550-AB18
2995        12 CFR 545   Directors and Officers...................................................    1550-AB19
2996        12 CFR 545   Non-Deposit Investment Products..........................................    1550-AB22
2997        12 CFR 528   Nondiscrimination........................................................    1550-AB23
2998        12 CFR 563b   Conversions.............................................................    1550-AB24
2999        12 CFR 590   Due on Sale and Usury Preemption.........................................    1550-AB25
3000        12 CFR 584   Exempt Savings and Loan Holding Companies................................    1550-AB26
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3001        12 CFR 563f   Management Official Interlocks..........................................    1550-AB07
3002        12 CFR 567   Capital Rules............................................................    1550-AB11
3003        12 CFR 545   Letters of Credit, Suretyship and Guaranty...............................    1550-AB21
3004        12 CFR 570   Year 2000 Safety and Soundness Guidelines................................    1550-AB27
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3005        12 CFR 563   Capital Distributions....................................................    1550-AA72
3006        12 CFR 545   Electronic Operations....................................................    1550-AB00
3007        12 CFR 563   Financial Management Policies; Derivative Instruments....................    1550-AB13
3008        12 CFR 563   Know Your Customer.......................................................    1550-AB15
3009        12 CFR 502   Assessments..............................................................    1550-AB20
3010        12 CFR 561   Consumer Credit Classified as a Loss, Slow Consumer Credit and Slow Loans    1550-AB28
----------------------------------------------------------------------------------------------------------------


[[Page 21760]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage


Departmental Offices (DO)



_______________________________________________________________________




2570.  POSSIBLE REGULATION OF ACCESS TO ACCOUNTS AT FINANCIAL 
INSTITUTIONS THROUGH PAYMENT SERVICE PROVIDERS

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

Unfunded Mandates: Undetermined

Legal Authority:  31 USC 321; 31 USC 3332

CFR Citation:  31 CFR ch II

Legal Deadline: None

Abstract: Treasury is seeking comment on whether it should propose 
regulations regarding arrangements between insured financial 
institutions and nondepository payment service providers (e.g., check 
cashers) governing access to Federal electronic payments. Commenters 
are asked to address the question of whether these arrangements should 
be federally regulated and, if they should, how those regulations 
should be structured.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           01/08/99                     64 FR 1149
ANPRM Comment Period End        04/08/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Roger Bezdek, Senior Advisor for Fiscal Management, 
Department of the Treasury, Room 2064C, Washington, DC 20220
Phone: 202 622-1807

RIN: 1505-AA74
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Departmental Offices (DO)



_______________________________________________________________________




2571. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM; BANK 
ENTERPRISE AWARD PROGRAM REGULATIONS

Priority:  Other Significant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

No Further Action Planned       02/19/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeffrey C. Berg
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)



_______________________________________________________________________




2572. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SUSPICIOUS 
ACTIVITY REPORTING--BROKER/DEALERS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 5318(g)

CFR Citation:  31 CFR 103

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/99

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)



_______________________________________________________________________




2573. 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                    06/00/99

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

[[Page 21761]]

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

RIN: 1506-AA09
_______________________________________________________________________




2574. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING 
OF CROSS-BORDER TRANSPORTATION OF CERTAIN MONETARY INSTRUMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 5312(a)(3) Bank Secrecy Act

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This rule will require reporting of cross-border 
transportation of certain negotiable instruments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/97                     62 FR 3249
NPRM Comment Period End         04/22/97
Final Action                    06/00/99

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
_______________________________________________________________________




2575. 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                    06/00/99

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-AA19
_______________________________________________________________________




2576. 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                    06/00/99

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-AA20
_______________________________________________________________________




2577. 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)



_______________________________________________________________________




2578. 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                             To Be                       Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1506-AA05


_______________________________________________________________________



[[Page 21762]]

2579. 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                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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

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


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2580. RULES AND PROCEDURES FOR FUNDS TRANSFERS

Priority:  Substantive, Nonsignificant

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

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

CFR Citation:  31 CFR 205

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/99

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
_______________________________________________________________________




2581. INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE UNITED STATES 
TREASURY

Priority:  Substantive, Nonsignificant

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

Legal Authority:  5 USC 301; 12 USC 391; 31 USC 321; 31 USC 3328; 31 
USC 3331; 31 USC 3343; 31 USC 3711; 31 USC 3716; 31 USC 3717; 31 USC 
3334; 31 USC 3712; 31 USC 3327; 31 USC 3702 note; 31 USC 363

CFR Citation:  31 CFR 240

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/21/95                    60 FR 48940
NPRM Comment Period End         11/06/95
NPRM I                          05/30/97                    62 FR 29314
NPRM II                         07/00/99
Final Rule (NPRM I)             10/00/99

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
_______________________________________________________________________




2582. CLAIMS ON ACCOUNT OF TREASURY CHECKS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  31 USC 321; 31 USC 3328; 31 USC 3331; 31 USC 3343; 31 
USC 3702; 31 USC 3712

CFR Citation:  31 CFR 245

Legal Deadline: None

Abstract: 31 CFR part 245 governs the issuance of replacement checks 
for checks drawn on the United States Treasury when (1) the original 
check has been lost, stolen, destroyed or mutilated or defaced to such 
an extent that it is rendered non-negotiable; (2) the original check 
has been negotiated and paid on a forged or unauthorized indorsement; 
and (3) the original check

[[Page 21763]]

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 ensures that innocent payees, whose 
Treasury checks have been fraudulently cashed, receive replacement 
checks in a timely manner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/99

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 8D25, Hyattsville, MD 20782
Phone: 202 874-7475

RIN: 1510-AA51
_______________________________________________________________________




2583. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL 
BENEFIT PAYMENTS) TO COLLECT PAST-DUE, LEGALLY ENFORCEABLE NONTAX DEBT

Priority:  Substantive, Nonsignificant

Legal Authority:  31 USC 3716; 31 USC 321

CFR Citation:  31 CFR 285.5

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/99

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)



_______________________________________________________________________




2584. 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 govern Federal disbursement and collection transactions processed 
through the ACH.

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                    04/00/99

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
_______________________________________________________________________




2585. FOREIGN EXCHANGE OPERATIONS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  31 USC 3513; EO 10488; EO 10900; 22 USC 2363

CFR Citation:  31 CFR 281

Legal Deadline: None

Abstract: This regulation governs the administration of the purchase, 
custody, deposit, transfer, sale and reporting of foreign exchange 
(including credits and currencies) by executive departments and 
agencies. Currently, this regulation allows the purchase of foreign 
currency to an amount which, together with the balance on hand in the 
bank, may not exceed estimated requirements for a 30-day period. The 
revised rule allows the purchase of foreign currency to a balance 
``commensurate with immediate disbursing requirements.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/96                     61 FR 2750
NPRM Comment Period End         02/28/96
Final Action                    10/00/99

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


_______________________________________________________________________



[[Page 21764]]

2586. PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  PL 104-53; PL 104-316; 31 USC 1304; 28 USC 2414; 28 
USC 2517

CFR Citation:  31 CFR 256

Legal Deadline: None

Abstract: This regulation governs the procedure for securing payment 
for money judgments against the United States. The proposed revision 
will update the procedure for making claims. This will benefit 
claimants and others in understanding the claims process. This 
regulation currently describes a process that involves the General 
Accounting Office (GAO) and the Treasury Department. The change would 
eliminate the GAO from this description to reflect legislative 
amendments that effect this change. Also, the regulation currently 
identifies monetary thresholds that no longer exist. The change would 
reflect the removal of these monetary limitations and the resulting 
submission requirements. These changes in the regulation would make it 
consistent with current practices for claimants securing money 
judgments against the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/96                      61 FR 552
NPRM Comment Period End         02/07/96
Final Action                    09/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Wanda Rogers, Manager, Judgment Fund Branch, Department 
of the Treasury, Financial Management Service, 3700 East-West Highway, 
Room 6F03, Hyattsville, MD 20782
Phone: 202 874-6664
Fax: 202 874-9522
Email: [email protected]

RIN: 1510-AA52
_______________________________________________________________________




2587. FEDERAL CLAIMS COLLECTION STANDARDS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  31 CFR 900 to 904

Legal Deadline: None

Abstract: The Federal Claims Collection Standards prescribe basic 
standards for Federal agencies for collection of non-tax claims. The 
current standards originally were published in 1984 jointly by the 
Department of Justice and the General Accounting Office at 4 CFR parts 
101-105. The Department of the Treasury has been added as a co-signor 
by the Debt Collection Improvement Act of 1996 (Act) and the General 
Accounting Office was removed as a co-signor by the General Accounting 
Office Act of 1996. This revision, which will move the standards to 31 
CFR parts 900-904, is being made to simplify the language of the 
current standards and to incorporate changes made by the Act concerning 
such topics as disbursing official offset, cross-servicing of debts, 
interest and penalties on claims, and contracts for collection 
services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68476
NPRM Comment Period End         03/02/98
Final Action                    09/00/99

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., Room 151, Washington, DC 20227
Phone: 202 874-6859

RIN: 1510-AA57
_______________________________________________________________________




2588. 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                    04/00/99

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
_______________________________________________________________________




2589. 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                    07/00/99

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 21765]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Financial Management Service (FMS)



_______________________________________________________________________




2590. 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
_______________________________________________________________________




2591. 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
_______________________________________________________________________




2592. DEPOSITARIES AND FINANCIAL AGENTS OF THE FEDERAL GOVERNMENT

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 202; 31 CFR 380; 31 CFR 203

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Cynthia L. Johnson
Phone: 202 874-6657
Fax: 202 874-6965

RIN: 1510-AA75
_______________________________________________________________________




2593. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 203; 31 CFR 380

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Cynthia L. Johnson
Phone: 202 874-6657
Fax: 202 874-6965

RIN: 1510-AA76
_______________________________________________________________________




2594. ACCEPTANCE OF BONDS SECURED BY GOVERNMENT OBLIGATIONS IN LIEU OF 
BONDS WITH SURETIES

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 225; 31 CFR 380

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Cynthia L. Johnson
Phone: 202 874-6657
Fax: 202 874-6965

RIN: 1510-AA77
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Financial Management Service (FMS)



_______________________________________________________________________




2595. 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.

CFR Citation:  31 CFR 225

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/29/99                     64 FR 4762
Final Action Effective          03/01/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Cynthia Johnson
Phone: 202 874-6590

RIN: 1510-AA36
_______________________________________________________________________




2596. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/03/98                     63 FR 5644
Final Action Effective          03/05/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michael Dressler
Phone: 202 874-7106

RIN: 1510-AA37
_______________________________________________________________________




2597. OFFSET OF TAX REFUND PAYMENTS TO COLLECT PAST-DUE SUPPORT

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 285.3

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/30/98                    63 FR 72091
Final Action Effective          01/04/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-6859

RIN: 1510-AA63
_______________________________________________________________________




2598. OFFSET OF FEDERAL BENEFIT PAYMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 285.4

[[Page 21766]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/23/98                    63 FR 71203
Final Action Effective          01/22/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-6859

RIN: 1510-AA64
_______________________________________________________________________




2599. BARRING DELINQUENT DEBTORS FROM OBTAINING FEDERAL FINANCIAL 
ASSISTANCE IN THE FORM OF LOANS OR LOAN GUARANTEES

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 285.13

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/08/98                    63 FR 67753
Final Action Effective          01/08/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-6859

RIN: 1510-AA71
_______________________________________________________________________




2600. OFFSET OF FEDERAL BENEFIT PAYMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  31 CFR 285.4

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/23/98                    63 FR 71203
Final Action Effective          01/22/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Ellen Neubauer
Phone: 202 874-0778
Fax: 202 874-6627

RIN: 1510-AA74
BILLING CODE 4810-35-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2601. COUNTRY OF ORIGIN STATEMENTS ON DISTILLED SPIRITS LABELS

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 1304; 27 USC 205

CFR Citation:  27 CFR 5.36 (e)

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                           06/00/99

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: 202 927-8525

RIN: 1512-AB72
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2602. 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

________________________________________________________________________

NPRM                            11/00/99
Buena Vista Lake, CA (contact Jackie White)  NPRM 05/00/99

California Coastal, CA (Jackie White)  ANPRM 11/00/99

Chiles Valley, CA (contact Thomas Busey)  NPRM 03/20/98 (63 FR 
13583)  Comment Period End 05/19/98  Final Rule 02/17/99 (64 FR 7785)

Oak Knoll District, CA (Joyce Drake)  NPRM 05/00/99

River Junction, CA (contact Teri Byers)  NPRM 09/00/99

San Francisco Bay, CA (contact David Brokaw)  NPRM 10/20/97 (62 FR 
54399)  Comment Period End 01/20/98  Final Rule 01/20/99 (64 FR 3015)

Santa Rita Hills, CA (Marsha Baker)  NPRM 09/11/98 (63 FR 
48658)  Comment Period End 12/10/98  Final Rule 09/00/99

Yountville, CA (contact Thomas Busey)  NPRM 08/26/98 (63 FR 
45427)  Final Rule 03/19/99 (64 FR 13511)

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

[[Page 21767]]

Fax: 202 927-8602

RIN: 1512-AA07
_______________________________________________________________________




2603. REVISION OF BREWERY REGULATIONS AND ISSUANCE OF REGULATIONS FOR 
TAVERNS ON BREWERY PREMISES (BREWPUBS)

Priority:  Other Significant

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

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

CFR Citation:  27 CFR 7; 27 CFR 25

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99
Interim Final Rule              12/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1512-AB37
_______________________________________________________________________




2604. 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                            05/00/99

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
_______________________________________________________________________




2605. 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: 202 927-8525

RIN: 1512-AB76
_______________________________________________________________________




2606.  LABELING OF WINE SPECIALTY PRODUCTS AND FLAVORED WINES

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205

CFR Citation:  27 CFR 4.21

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms (ATF) plans to 
issue temporary regulations that will amend the regulations in 27 CFR 
part 4 to set forth a new standard of identity for wine specialty 
products. ATF believes that this temporary rule is necessary to prevent 
consumer deception, ensure that consumers receive adequate information 
about the identity of these products, and to provide guidance to the 
wine industry.
Concurrently, the Bureau plans to publish a Notice of Proposed 
Rulemaking that invites comments on the Temporary Rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/99
Interim Final Rule              04/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AB86
_______________________________________________________________________




2607.  PROHIBITION OF ALCOHOL BEVERAGE CONTAINERS AND STANDARD 
OF FILL FOR DISTILLED SPIRITS AND WINE

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205

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

[[Page 21768]]

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms (ATF) proposes to 
amend regulations to clarify the standards of fill for distilled 
spirits and wine. ATF also proposes to amend regulations to prohibit 
certain alcohol beverage containers that are likely to mislead 
consumers as to the identity or character of the distilled spirits, 
wine or malt beverage products or are likely to be confused with other 
(non-alcohol) food products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/09/99                     64 FR 6486
NPRM Comment Period End         04/12/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William Foster, ATF 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-AB89
_______________________________________________________________________



FIREARMS


                    ________________________________



2608. COMMERCE IN EXPLOSIVES (INCLUDING EXPLOSIVES IN THE FIREWORKS 
INDUSTRY)

Priority:  Other Significant

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

CFR Citation:  27 CFR 55

Legal Deadline: None

Abstract: Pursuant to section 610 of the Regulatory Flexibility Act, 
ATF published a notice on January 10, 1997 seeking public comments on 
whether it should revise its regulations codified at 27 CFR part 55, 
governing Commerce in Explosives (Including Explosives in the Fireworks 
Industry). Based on comments received, ATF plans to initiate a 
rulemaking to revise these regulations in 1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

General Notice of Regulatory 
Review                          01/10/97                     62 FR 1386
NPRM                            08/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

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-AB48
_______________________________________________________________________




2609. 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                            08/00/99

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
_______________________________________________________________________




2610.  IMPL. OF PL 105-277, MAKING OMNIBUS CONSOLIDATED AND 
EMERGENCY SUPPLEMENTAL APPROPRIATIONS FOR FY 1999, RELATING TO THE 
PERMANENT PROVISIONS OF THE BRADY HANDGUN VIOLENCE PREVENTION ACT

Priority:  Substantive, Nonsignificant

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 Bureau of Alcohol, Tobacco and Firearms (ATF) is amending 
the regulations to implement the provision of Public Law 105-277, 
Making Omnibus Consolidated and Emergency Supplemental Appropriations 
for Fiscal Year 1999, relating to the permanent provisions of the Brady 
Handgun Violence Prevention Act. The new law allows a licensed 
pawnbroker to contact the national instant criminal background check 
system (NICS) prior to taking or receiving a firearm in pawn. If NICS 
advises the pawnbroker that receipt or possession of the firearm would 
be in violation of the law, the licensee must advise local law 
enforcement within 48 hours after receipt of information.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/99
Interim Final Rule              06/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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-AB83


_______________________________________________________________________



[[Page 21769]]

2611.  IDENTIFICATION OF MARKINGS PLACED ON FIREARMS

Priority:  Substantive, Nonsignificant

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 Bureau of Alcohol, Tobacco and Firearms (ATF) is 
proposing to amend the regulations to prescribe minimum height and 
depth requirements for identification markings placed on firearms by 
licensed importers and licensed manufacturers. ATF believes that 
minimum standards are necessary to ensure that firearms are properly 
identified in accordance with the law. In addition, the proposed 
standards, if adopted, will facilitate ATF's ability to trace the 
origin of firearms used in crime.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/99

Regulatory Flexibility Analysis Required: 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-AB84
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2612. LABELING OF UNAGED GRAPE BRANDY

Priority:  Substantive, Nonsignificant

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

Legal Authority:  27 USC 205

CFR Citation:  27 CFR 5

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 30015
NPRM Comment Period End         09/11/96
Final Action                    06/00/99

Regulatory Flexibility Analysis Required: Undetermined

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-AB46
_______________________________________________________________________




2613. 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                            11/30/98                    63 FR 65720
NPRM Comment Period End         01/29/99
Final Action                    11/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________




2614. 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.

[[Page 21770]]

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                    05/00/99

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
_______________________________________________________________________




2615. 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                    06/00/99

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
_______________________________________________________________________




2616. 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                    08/00/99

Regulatory Flexibility Analysis Required: 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-AB70
_______________________________________________________________________




2617. IMPLEMENTATION OF PUBLIC LAW 105-34, SECTIONS 908, 910 AND 1415, 
RELATED TO HARD CIDER, SEMIGENERIC 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/21/98                    63 FR 44819
Temporary Rule                  08/21/98                    63 FR 44779
Comment Period Extended         11/06/98                    63 FR 59921
NPRM Comment Period End         12/07/98
Final Action                    06/00/99

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
_______________________________________________________________________




2618.  IMPLEMENTATION OF PL 105-34, SECTION 1417, RELATED TO THE 
USE OF AMELIORATING MATERIAL IN CERTAIN WINES

Priority:  Substantive, Nonsignificant

Legal Authority:  PL 105-34, Sec 1417

CFR Citation:  27 CFR 24.178; 27 CFR 4.21; 27 CFR 4.22

Legal Deadline: None

Abstract: The wine regulations are amended to extend the amelioration 
and sweetening limitations of wines made from any fruit or berry.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              08/00/99

Regulatory Flexibility Analysis Required: No

[[Page 21771]]

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas Busey, ATF 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-AB78
_______________________________________________________________________




2619.  PETITION FOR JOHANNISBERG RIESLING; PROPOSED ADDITION OF 
GRAPE VARIETY NAMES FOR AMERICAN WINES; REQUEST FOR ADDITIONAL 
INFORMATION FOR OTHER PROPOSED GRAPE VARIETIES

Priority:  Substantive, Nonsignificant

Legal Authority:  27 USC 205 (e)

CFR Citation:  27 CFR 4.91; 27 CFR 4.92

Legal Deadline: None

Abstract: ATF has received a petition proposing to extend the phase-out 
date for the use of the term Johannisberg Riesling as a designation for 
American wines from January 1, 1999, until January 1, 2006.
ATF has also received petitions proposing to add two new names, 
Traminette and Aglianio, to the list of prime grape variety names for 
use in designating American wines.
Finally, ATF is soliciting comments or petitions for other grape 
varieties which wineries wish to use in producing and designating 
American varietal wines.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/06/99                      64 FR 813
Final Action                    09/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Teri Byers, ATF Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8195
Fax: 202 927-8602
Email: [email protected]

RIN: 1512-AB80
_______________________________________________________________________



EXPLOSIVES


                    ________________________________



2620. IMPLEMENTATION OF PUBLIC LAW 104-132, THE ANTITERRORISM AND 
EFFECTIVE DEATH PENALTY ACT OF 1996, RELATING TO THE MARKING OF PLASTIC 
EXPLOSIVES FOR THE PURPOSE OF DETECTION

Priority:  Other Significant

Legal Authority:  18 USC 847; 22 USC 2778

CFR Citation:  27 CFR 47; 27 CFR 55

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/25/97                     62 FR 8412
Interim Final Rule              02/25/97                     62 FR 8374
NPRM Comment Period End         05/27/97                     62 FR 8412
Final Action                    06/00/99

Regulatory Flexibility Analysis Required: 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-AB63
_______________________________________________________________________



FIREARMS


                    ________________________________



2621. 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                    07/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jim 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-AB64
_______________________________________________________________________




2622. 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

[[Page 21772]]

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                    07/00/99

Regulatory Flexibility Analysis Required: 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-AB66
_______________________________________________________________________



PROCEDURAL


                    ________________________________



2623. RECODIFICATION OF STATEMENT OF PROCEDURAL RULES

Priority:  Substantive, Nonsignificant

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

Legal Authority:  18 USC 847; 18 USC 926; 26 USC 7805; 27 USC 201 to 
219(a)

CFR Citation:  27 CFR 70

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 30013
NPRM Comment Period End         08/12/96
Final Action                    06/00/99

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
_______________________________________________________________________




2624.  TECHNICAL AMENDMENTS TO 27 CFR PART 178

Priority:  Info./Admin./Other

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

CFR Citation:  27 CFR 178

Legal Deadline: None

Abstract: This final rule changes the titles which have become obsolete 
at ATF. The changes are to provide clarity and uniformity throughout 
title 27, Code of Federal Regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marsha Baker, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226
Phone: 202 927-8320
Fax: 202 927-8602

RIN: 1512-AB82
_______________________________________________________________________




2625.  IMPLEMENTATION OF THE PAPERWORK REDUCTION ACT

Priority:  Info./Admin./Other

Legal Authority:  44 USC 3502

CFR Citation:  5 CFR 1320.7 (f)(2)

Legal Deadline: None

Abstract: This final rule adds approved control numbers issued by OMB 
for collections of information imposed by regulations administered by 
ATF for parts 4, 5 and 7 of the CFR.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marsha Baker, ATF 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-AB90
_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2626.  BALANCED BUDGET ACT OF 1997-PL 105-33, RESTRICTION ON THE 
IMPORTATION OF DOMESTIC TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES 
RETURNED TO THE UNITED STATES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 5704 (b); 26 USC 5704 (d); 26 USC 5754; 26 USC 
5702 (k); 26 USC 5761; PL 105-33

CFR Citation:  27 CFR 290; 27 CFR 295; 27 CFR 296; 27 CFR 270

Legal Deadline:  Final, Statutory, January 1, 2000.

Abstract: Restricts the reimportation of domestic tobacco products, 
cigarette papers and tubes. These products may only be returned for 
delivery to a manufacturer of tobacco products or cigarette papers and 
tubes or to the proprietor of an export warehouse.
Requires mandatory export markings on tobacco products, cigarette 
papers and tubes.
Finally, additional penalties for diversion of tobacco products, 
cigarette papers and tubes, labeled for export only.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/00/99
Final Action Effective          01/00/00

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Teri Byers, ATF Specialist, Department of the Treasury,

[[Page 21773]]

Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8195
Fax: 202 927-8602
Email: [email protected]

RIN: 1512-AB81
_______________________________________________________________________




2627.  TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES TAX 
INCREASES FOR JANUARY 1, 2000, AND JANUARY 1, 2002

Priority:  Substantive, Nonsignificant

Legal Authority:  PL 105-33, Sec 9302 (a)

CFR Citation:  27 CFR 270; Not yet determined

Legal Deadline:  Final, Statutory, January 1, 2000.

Abstract: Amend regulations to reflect new tax rates for tobacco 
products or cigarette papers and tubes on January 1, 2000, and January 
1, 2002.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/00/99
Final Action Effective          01/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf, ATF 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-AB88
_______________________________________________________________________




2628.  IMPLEMENTATION OF PUBLIC LAW 105-33, SECTION 9302, 
RELATED TO CHANGE IN TAX COMPUTATION OF CIGARETTE PAPERS AND THE 
IMPOSITION OF PERMIT REQUIREMENTS ON ROLL-YOUR-OWN TOBACCO

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 5701

CFR Citation:  27 CFR 270; 27 CFR 275; 27 CFR 290; 27 CFR 295; 27 CFR 
296

Legal Deadline: None

Abstract: Temporary rule and notice of proposed rulemaking to implement 
Section 9302(c) and (h) of the Balanced Budget Act of 1997.
Changes to the computation of excise tax on cigarette papers and 
implementation of permit requirements on manufacture of roll-your-own 
tobacco.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses

Government Levels Affected: Federal

Agency Contact: Jackie White, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226
Phone: 202 927-8210

RIN: 1512-AB92
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2629. 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.

CFR Citation:  27 CFR 252

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AA98
_______________________________________________________________________




2630. 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
_______________________________________________________________________




2631. 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

[[Page 21774]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 30019
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
_______________________________________________________________________




2632. 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
_______________________________________________________________________




2633. 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
_______________________________________________________________________




2634. 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

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

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1512-AB74
_______________________________________________________________________



PROCEDURAL


                    ________________________________



2635.  TECHNICAL AMENDMENTS TO 27 CFR PART 200

Priority:  Info./Admin./Other

Legal Authority:  26 USC 7805; 27 USC 204

CFR Citation:  27 CFR 200

Legal Deadline: None

Abstract: This final rule amends the provisions of 27 CFR part 200 to 
change the title designation ``District Director'' to ``Director of 
Industry Operations (DIO)'' wherever it appears, and to make other 
necessary conforming amendments.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Nancy Kern, Writer-Editor, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8210

RIN: 1512-AB91
_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2636. 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 D. Ruhf
Phone: 202 927-8210
Fax: 202 927-8602

RIN: 1512-AB03

[[Page 21775]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________




2637. PROCEDURES FOR REVOKING PREVIOUSLY APPROVED CERTIFICATES OF LABEL 
APPROVAL, EXEMPTIONS FROM LABEL APPROVAL, OR DISTINCTIVE LIQUOR BOTTLE 
APPROVALS

Priority:  Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/13/99                     64 FR 2122
Final Action Effective          03/15/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8230
Fax: 202 927-8602

RIN: 1512-AB34
_______________________________________________________________________




2638. 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.

CFR Citation:  27 CFR 55

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/24/98                    63 FR 44999
Final Action Effective          12/22/98

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1512-AB55
_______________________________________________________________________




2639.  AMENDMENTS TO 27 CFR PART 55, COMMERCE IN EXPLOSIVES

Priority:  Substantive, Nonsignificant

Legal Authority:  18 USC 847

CFR Citation:  27 CFR 55

Legal Deadline: None

Abstract: This rule will amend 27 CFR part 55 to correct exclusions 
that were left out of the previous final rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/04/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: James Ficaretta, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226
Phone: 202 927-8230

RIN: 1512-AB85
_______________________________________________________________________




2640. 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.

CFR Citation:  27 CFR 53.61(b)

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/01/98                    63 FR 52601
Final Action Effective          11/30/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AB49
_______________________________________________________________________




2641. BRADY BILL REGULATIONS--PERMANENT PROVISION

Priority:  Other Significant

CFR Citation:  27 CFR 178

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/29/98                    63 FR 58271
Final Action Effective          11/30/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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

RIN: 1512-AB67
_______________________________________________________________________




2642. POSTING OF SIGNS AND WRITTEN NOTIFICATIONS TO PURCHASERS OF 
HANDGUNS

Priority:  Substantive, Nonsignificant

CFR Citation:  27 CFR 178

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/13/98                    63 FR 37740
Final Action Effective          09/11/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AB68
_______________________________________________________________________




2643.  DELEGATION OF AUTHORITIES OF THE DIRECTOR IN TITLE 27, 
PART 24, OF THE CODE OF FEDERAL REGULATIONS

Priority:  Info./Admin./Other

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 24

Legal Deadline: None

Abstract: This regulation places most ATF authorities with the 
``appropriate ATF officer'' and requires that persons file documents 
with the ``appropriate ATF officer'' or as instructed on the ATF form. 
Concurrently, ATF Order 1130.5 will delegate the Director's authorities 
to ATF officers and designate the officer to whom applications, notices 
and other reports, which are not ATF forms, are filed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/22/99                    64 FR 13682

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert P. Ruhf, Program Manager, 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-AB87
BILLING CODE 4810-31-F

[[Page 21776]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Bureau of the Public Debt (BPD)



_______________________________________________________________________




2644. REGULATIONS GOVERNING COLLATERAL 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                            05/00/99
NPRM Comment Period End         06/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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

RIN: 1535-AA00
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Bureau of the Public Debt (BPD)



_______________________________________________________________________




2645. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: REPORTS 
TO BE MADE BY SPECIALIZED GOVERNMENT SECURITIES BROKER-DEALERS REGARDING 
YEAR 2000 READINESS

Priority:  Substantive, Nonsignificant

CFR Citation:  17 CFR 405

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/12/99                     64 FR 1735
Final Action Effective          02/11/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Chuck Andreatta
Phone: 202 219-3632
Email: [email protected]

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


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2646. UNIFORM RULES OF PRACTICE AND PROCEDURE; REGULATION REVIEW

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 504; 5 USC 554 to 557; 12 USC 93a; 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                  12/00/99

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
_______________________________________________________________________




2647. INTERPRETIVE RULINGS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 1 et seq; 12 USC 93; 12 USC 93a; 12 USC 481; 
12 USC 484; 12 USC 1818

CFR Citation:  12 CFR 1.3(e)(1); 12 CFR 7.1012; 12 CFR 7.1016; 12 CFR 
7.1017; 12 CFR 7.2005; 12 CFR 7.2008; 12 CFR 7.2020; 12 CFR 7.2023; 12 
CFR 7.4000; 12 CFR 7.4003; 12 CFR 7.4004; 12 CFR 7.4005

Legal Deadline: None

Abstract: The OCC will amend 12 CFR part 1 to clarify the extent to 
which national banks may underwrite, deal in, purchase, and sell Type 
IV securities that are fully secured by Type I securities.
The OCC will amend 12 CFR part 7 interpretations and add new ones to 
reflect developments or otherwise clarify provisions in the current 
rule that have prompted questions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jacqueline Lussier, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency,

[[Page 21777]]

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
_______________________________________________________________________




2648.  COMMUNITY DEVELOPMENT CORPORATION AND PROJECT INVESTMENTS 
AND OTHER PUBLIC WELFARE INVESTMENTS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 24

Legal Deadline: None

Abstract: The OCC is proposing to amend 12 CFR part 24 to, among other 
things, (a) remove the community benefit statement requirement in self-
certification letters and investment proposals submitted to the OCC for 
prior approval; and (b) remove the requirement that no more than 25 
percent of the bank's community investment funds projects in a State or 
metropolitan area other than the States or metropolitan areas in which 
the bank maintains its main office or has branches.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Heidi M. Thomas, Legislative Counsel, 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-AB69
_______________________________________________________________________




2649.  REAL ESTATE APPRAISALS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a; 12 USC 3331 et seq

CFR Citation:  12 CFR 34

Legal Deadline: None

Abstract: This rulemaking would amend the OCC's appraisal regulation to 
exempt transactions involving mortgage-backed securities (MBS) from its 
principal appraisal requirements. The amendment would allow national 
banks to invest in commercial mortgage-backed securities (CMBS) without 
regard to appraisals.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karl Betz, 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-AB70
_______________________________________________________________________




2650.  MINIMUM SECURITY DEVICES AND PROCEDURES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a; 12 USC 1882

CFR Citation:  12 CFR 21

Legal Deadline: None

Abstract: The OCC is considering a rulemaking that would amend the 
OCC's Minimum Security Devices and Procedures regulation to address 
recent changes made to the definition of the term ``branch'' in the 
National Bank Act by the Economic Growth and Paperwork Reduction Act of 
1996 (EGRPRA). This amendment would clarify that the regulation applies 
to automated teller machines (ATMs) and remote service units (RSUs).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karl Betz, 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-AB71
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2651. 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) recourse arrangements and direct credit substitutes; (3) 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); (4) market risk (specific risk); and (5) 
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 12/00/
99

Collateralized Transactions  NPRM 08/16/96 (61 FR 42565)  Final Rule 
12/00/99

CDRI Section 303 Capital Amendments  NPRM 10/27/97 (62 FR 55686)  Final 
Rule 03/02/99 (64 FR 10194)

Market Risk (Specific Risk)  Interim Rule 12/30/97 (62 FR 68064)  Final 
Rule 12/00/99

[[Page 21778]]

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

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
_______________________________________________________________________




2652. EXPANDED EXAMINATION CYCLE FOR CERTAIN SMALL FINANCIAL 
INSTITUTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a; 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. This 
rulemaking implements the expanded exam cycle for Federal branches and 
agencies of foreign banks as well as for domestic banks.

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 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 02/12/97  Final 
Rule 04/02/98 (63 FR 16378)  Final Rule Effective 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
_______________________________________________________________________




2653. MANAGEMENT OFFICIAL INTERLOCKS

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 93a; 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
_______________________________________________________________________




2654. 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: The OCC is amending its disclosure regulation. Among other 
things, the amendment clarifies that the OCC may make non-public OCC 
information available to a supervised entity and to other persons as in 
the sole discretion of the Comptroller may be necessary or appropriate, 
without a request for records or testimony.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Rule w/Request for 
Comments                        11/10/98                    63 FR 62927
Interim Rule Effective          11/10/98
Comment Period End              01/11/99
Final Action                    05/00/99

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
_______________________________________________________________________




2655. 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

[[Page 21779]]

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                    05/00/99

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)



_______________________________________________________________________




2656. 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                     To Be                       Determined

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
_______________________________________________________________________




2657. RULES AND PROCEDURES FOR CLAIMS AGAINST OCC-APPOINTED 
RECEIVERSHIPS FOR UNINSURED FINANCIAL INSTITUTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  Not yet determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mitchell Plave
Phone: 202 874-4689
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB59
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2658. BANK SECRECY ACT COMPLIANCE: ``KNOW YOUR CUSTOMER'' REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 21.21

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/30/99                    64 FR 15137

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-AB66
_______________________________________________________________________




2659. YEAR 2000 READINESS REPORTS FOR TRANSFER AGENT ACTIVITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Considering 
Nonregulatory Actions           02/26/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Stuart Feldstein
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB68
BILLING CODE 4810-33-F

[[Page 21780]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2660. LIQUIDATION; EXTENSION; SUSPENSION

Priority:  Substantive, Nonsignificant

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

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

CFR Citation:  19 CFR 159

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/99

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
_______________________________________________________________________




2661. DETENTION, SEIZURE, AND FORFEITURE OF ``BOOTLEG'' SOUND RECORDING 
AND MUSIC VIDEOS OF LIVE MUSICAL PERFORMANCES

Priority:  Substantive, Nonsignificant

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: George McCray, Attorney, Intellectual Property Rights 
Branch, Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2387

RIN: 1515-AB74
_______________________________________________________________________




2662. 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                            12/00/99

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
_______________________________________________________________________




2663. REMOTE LOCATION FILING

Priority:  Substantive, Nonsignificant

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

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jennifer Engelbach, Trade Compliance Officer, Office of 
Field Operations, Department of the Treasury, United States Customs 
Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2293

RIN: 1515-AC23
_______________________________________________________________________




2664. 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

[[Page 21781]]

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                            09/00/99

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
_______________________________________________________________________




2665. 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                            04/00/99

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
_______________________________________________________________________




2666. COUNTRY OF ORIGIN MARKING

Priority:  Substantive, Nonsignificant

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

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

CFR Citation:  19 CFR 134

Legal Deadline: None

Abstract: 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                            07/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sandra L. Bell, Director, International Trade 
Compliance Division, Department of the Treasury, United States Customs 
Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2244

RIN: 1515-AC32
_______________________________________________________________________




2667. 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                            04/00/99

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
_______________________________________________________________________




2668. 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                            03/18/99                    64 FR 13370
NPRM Comment Period End         05/17/99
Final Action                    10/00/99

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

RIN: 1515-AC35


_______________________________________________________________________



[[Page 21782]]

2669. 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                            06/00/99

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
_______________________________________________________________________




2670.  INFORMAL ENTRY OF LOW-VALUE DUTY-FREE 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 1481; 19 USC 1484; 19 USC 1498; 19 
USC 1624

CFR Citation:  19 CFR 143

Legal Deadline: None

Abstract: Amendment to permit, with some exceptions, the use of Customs 
Form 7523, for purposes of informal entry of shipments of duty-free 
merchandise not exceeding $2,000 in value. Under the amendment, the 
right to file Customs Form 7523 would no longer be restricted to the 
importer and the filing would no longer have to be supported by 
evidence of the right to make entry. By allowing a filing by the 
carrier or any other party having possession of the imported 
merchandise, the amendment would have the effect of expediting the 
release and entry of the merchandise.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1515-AC38
_______________________________________________________________________




2671.  EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST 
AND FEES

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking 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; 19 USC 197; 19 
USC 198

CFR Citation:  19 CFR 24

Legal Deadline: None

Abstract: Amendment to expand the number of ways that Customs will 
accept payment of duties, taxes, fees, interest and other charges. 
Currently, the regulations allow for credit or charge cards, which have 
been authorized by the Commissioner of Customs, to be used at 
designated Customs-serviced locations with a limitation that this 
method of payment may only be used by non-commercial entities. 
Amendment allows payment of duties, taxes, fees, interest and other 
charges by any electronic technology or charge cards (either debit or 
credit cards) that are authorized by the Commissioner of Customs and by 
removing the limitation that these methods of payment may only be used 
by non-commercial entities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/17/99                    64 FR 13141
NPRM Comment Period End         05/17/99
Final Action                    10/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth Dichysyn, Accountant, Accounting Services 
Division, Department of the Treasury, United States Customs Service, 
Office of Finance, 6026 Lakeside Boulevard, Indianapolis, IN 46278
Phone: 317 298-1200

RIN: 1515-AC40
_______________________________________________________________________




2672.  CUSTOMS BONDED WAREHOUSES

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking 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 1312; 19 
USC 1624

CFR Citation:  19 CFR 19

Legal Deadline: None

Abstract: Amendment regarding the filing of several inventory reports 
by bonded warehouse proprietors. Instead of requiring that certain 
reports be filed with Customs, the amendment requires that bonded 
warehouse proprietors maintain these inventory reports after their 
preparation. In certain instances, when the inventory report is 
prepared, a letter must be submitted to Customs certifying that the 
report has been prepared. Changes are made to simplify inventory 
recordkeeping procedures for warehouse proprietors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/07/99                    64 FR 16868

[[Page 21783]]

NPRM Comment Period End         06/07/99
Final Action                    11/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Edward Bowles, Senior Auditor, Regulatory Audit 
Division, Department of the Treasury, United States Customs Service, 
1300 Pennsylavania Avenue NW., Washington, DC 20229
Phone: 202 927-0071

RIN: 1515-AC41
_______________________________________________________________________




2673.  AUTOMATED EXPORT SYSTEM (AES)

Priority:  Substantive, Nonsignificant

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

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 
USC 1434; 19 USC 1624; 19 USC 1627a; 19 USC 1646a; 13 USC 303; 46 USC 
app 3; 46 USC app 91

CFR Citation:  19 CFR 4; 19 CFR 101; 19 CFR 192

Legal Deadline: None

Abstract: The Automated Export System (AES) is an electronic reporting 
system jointly developed by the Bureau of the Census and Customs that 
allows exporters to electronically transmit commodity information 
contained on Shipper's Export Declarations and sea carriers to 
electronically transmit outbound vessel manifest information. This 
amendment cross-references the regulations of the Bureau of the Census 
regarding AES and sets forth criteria under which Customs will 
determine whether to approve an exporter for the option to transmit 
commodity information through AES after a carrier has left the United 
States (post-departure). Amendment also sets forth the appeal 
procedures for AES exporters if Customs denies the exporter the post-
departure option; or if Customs approves the post-departure option for 
the AES exporter, the grounds for revocation of the use of the option 
and the appeal procedure if Customs revokes the use of the option.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/12/99                     64 FR 7422
NPRM Comment Period End         04/13/99
Final Action                    09/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Maritza Castro, Supervisory Customs Inspector, Outbound 
Programs, Department of the Treasury, United States Customs Service, 
Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, 
DC 20229
Phone: 703 921-7465

RIN: 1515-AC42
_______________________________________________________________________




2674.  AMENDED BOND PROCEDURES FOR ARTICLES SUBJECT TO EXCLUSION 
ORDERS ISSUED BY THE U.S. INTERNATIONAL TRADE COMMISSION

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1337; 19 
USC 1623; 19 USC 1624

CFR Citation:  19 CFR 12; 19 CFR 113

Legal Deadline: None

Abstract: Amendment to reflect the statutory provisions regarding bond 
procedures for the entry of articles subject to exclusion orders issued 
by the U.S. International Trade Commission. Amendment also includes the 
text of a new special importation and entry bond in the Customs 
Regulations. Changes reflect the terms of section 337 of the Tariff Act 
of 1930, as amended by section 321 of the Uruguay Round Agreements Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glen Vereb, Senior Attorney, Entry Procedures and 
Carriers Branch, Department of the Treasury, United States Customs 
Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1327

RIN: 1515-AC43
_______________________________________________________________________




2675.  IMPORTATION AND ENTRY BOND CONDITIONS REGARDING OTHER 
AGENCY DOCUMENTATION REQUIREMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 113

Legal Deadline: None

Abstract: Amendment with regard to the basic importation and entry bond 
condition under which, if merchandise is conditionally released to the 
principal named in the bond, the principal agrees to furnish Customs 
with any document or evidence as required by law or regulation. 
Amendment would extend this requirement, and consequently the potential 
liability for payment of liquidated damages for a breach of the bond 
condition, to documents and evidence submitted to other Government 
agencies under laws and regulations of those other agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1515-AC44

[[Page 21784]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2676. 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                    05/00/99

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
_______________________________________________________________________




2677. 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                    06/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sandra Bell, Division Director, International Trade 
Compliance Division, Department of the Treasury, United States Customs 
Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2244

RIN: 1515-AB61
_______________________________________________________________________




2678. 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                    06/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1515-AB75
_______________________________________________________________________




2679. 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; 19 USC 1500; 
19 USC 1504; 19 USC 1315; 19 USC 1514; 19 USC 1515

CFR Citation:  19 CFR 24; 19 CFR 159; 19 CFR 174

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

________________________________________________________________________

Interim Final Rule              06/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Reiley, Financial Officer, Financial Management 
Division, Department of the Treasury, United States Customs Service, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1504

RIN: 1515-AB76
_______________________________________________________________________




2680. 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

[[Page 21785]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/30/96                     61 FR 2908
Final Action                    07/00/99

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: 716 551-3053

RIN: 1515-AB87
_______________________________________________________________________




2681. 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                    12/00/99

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
_______________________________________________________________________




2682. 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 an 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                    12/00/99

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
_______________________________________________________________________




2683. 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                    07/00/99

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
_______________________________________________________________________




2684. 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

[[Page 21786]]

NPRM Comment Period End         03/12/90
Final Action                    06/00/99

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
_______________________________________________________________________




2685. 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 1618; 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                            10/28/98                    63 FR 57628
NPRM Comment Period End         12/28/98
Final Action                    06/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1515-AC08
_______________________________________________________________________




2686. 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                    07/00/99

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
Phone: 202 927-0251

RIN: 1515-AC12
_______________________________________________________________________




2687. 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                    06/00/99

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
_______________________________________________________________________




2688. 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                    05/00/99

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

[[Page 21787]]

Phone: 202 927-1287
  
William Scopa, Operations Officer, Office of Field Operations, 
Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-3112

RIN: 1515-AC29
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2689. 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                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0034

RIN: 1515-AA57
_______________________________________________________________________




2690. 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                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0034

RIN: 1515-AA87
_______________________________________________________________________




2691. RULES OF ORIGIN

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 102; 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                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sandra Bell
Phone: 202 927-2244

RIN: 1515-AB19
_______________________________________________________________________




2692. 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
_______________________________________________________________________




2693. 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
_______________________________________________________________________




2694. 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
_______________________________________________________________________




2695. COUNTRY-OF-ORIGIN MARKING FOR WATCHES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 134

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Burton Schlissel
Phone: 202 927-1034

RIN: 1515-AB68
_______________________________________________________________________




2696. 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

[[Page 21788]]

Agency Contact: Dennis Sequeira
Phone: 202 927-1480

RIN: 1515-AB92
_______________________________________________________________________




2697. 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
_______________________________________________________________________




2698. 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
_______________________________________________________________________




2699. CUSTOMS ENTRY DOCUMENTATION PURSUANT TO ANTICOUNTERFEITING 
CONSUMER PROTECTION ACT

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 141

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bruce Ingalls
Phone: 202 927-0380

RIN: 1515-AC15
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2700. PARALLEL IMPORTS AND OTHER TRADEMARKED GOODS

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 133

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/24/99                     64 FR 9058
Final Action Effective          03/26/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michael L. Smith
Phone: 202 927-2326

RIN: 1515-AB49
_______________________________________________________________________




2701. 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.

CFR Citation:  19 CFR 10; 19 CFR 18

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/05/99                    64 FR 16345
Final Action Effective          04/05/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Craig Clark
Phone: 202 927-2317

RIN: 1515-AB67
_______________________________________________________________________




2702. 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.

CFR Citation:  19 CFR 123

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/16/99                     64 FR 7502
Final Action Effective          03/18/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glen Vereb
Phone: 202 927-2320
Eileen Kastava
Phone: 202 927-0983

RIN: 1515-AB88
_______________________________________________________________________




2703. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/17/99                    64 FR 13142

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John Considine
Phone: 202 927-0533

RIN: 1515-AC05
_______________________________________________________________________




2704. LAND BORDER CARRIER INITIATIVE PROGRAM

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 123; 19 CFR 142

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/04/99                       64 FR 27
Final Action Effective          02/03/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jim Kelly
Phone: 202 927-0458

RIN: 1515-AC16
_______________________________________________________________________




2705. EXPORTATION OF USED MOTOR VEHICLES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 192

[[Page 21789]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/06/99                    64 FR 16635
Final Action Effective          05/06/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Hugh Austin
Phone: 202 927-3735

RIN: 1515-AC19
_______________________________________________________________________




2706. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Project Terminated              11/23/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kathy Dapkins
Phone: 202 927-0333

RIN: 1515-AC20
_______________________________________________________________________




2707. 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.

CFR Citation:  19 CFR 24

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/16/99                     64 FR 7500
Final Action Effective          02/16/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ben Robbin
Phone: 317 298-1520

RIN: 1515-AC26
_______________________________________________________________________




2708. MANDATORY SEIZURE OF CERTAIN PLASTIC EXPLOSIVES

Priority:  Substantive, Nonsignificant

CFR Citation:  19 CFR 162

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/08/99                     64 FR 1122
Final Action Effective          01/08/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Todd Schneider
Phone: 202 927-1694

RIN: 1515-AC33
_______________________________________________________________________




2709.  CONFORMING AMENDMENTS CONCERNING PROTESTS AND 
ADMINISTRATIVE RULINGS

Priority:  Substantive, Nonsignificant

Legal Authority:  19 USC 66; 19 USC 1514; 19 USC 1515; 19 USC 1624

CFR Citation:  19 CFR 174; 19 CFR 177

Legal Deadline: None

Abstract: Amendments to Customs Regulations pertaining to protests and 
administrative rulings in order to reflect various statutory changes 
made by the Customs Modernization provisions of the North American Free 
Trade Agreement Implementation Act. The changes to the regulations 
regarding protests involve the electronic filing of protests, the 
denial of protests contrary to proper instructions, the denial of 
applications for further review erroneously or improperly or without 
authority, and the publication and modification or revocation of 
protest review decisions. The changes to the regulations regarding 
administrative rulings involve the publication, appeal, and 
modification or revocation of rulings and the publication of decisions 
that limit court decisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Determination made 
not to proceed                  01/27/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John Elkins, Chief, Textiles Branch, Office of 
Regulations and Rulings, Department of the Treasury, United States 
Customs Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2380

RIN: 1515-AC37
_______________________________________________________________________




2710.  EXEMPTION OF ISRAELI PRODUCTS FROM CERTAIN USER FEES

Priority:  Substantive, Nonsignificant

Legal Authority:  5 USC 301; 19 USC 58a; 19 USC 58b; 19 USC 58c; 19 USC 
66; 19 USC 1202; 19 USC 1450; 19 USC 1624; 31 USC 9701

CFR Citation:  19 CFR 24

Legal Deadline: None

Abstract: Amendment to reflect that products of Israel are no longer 
subject to the merchandise processing fees assessed on imported goods 
under 19 USC 58c(a)(9) and (10). Amendment results from publication of 
a determination by the United States Trade Representative under section 
112 of the Customs and Trade Act of 1990 that the Government of Israel 
has provided reciprocal concessions. This exemption applies to Israeli 
products entered or withdrawn from warehouse for consumption on or 
after September 16, 1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/28/98                    63 FR 71371
Final Action Effective          12/28/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1515-AC39
BILLING CODE 4820-02-F

[[Page 21790]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2711. 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                            01/13/99                     64 FR 2164
NPRM Comment Period End         04/13/99
Final Action                    12/00/99

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.
Treasury attorney: William Bortz (202) 622-1352.
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
_______________________________________________________________________




2712. 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
_______________________________________________________________________




2713. 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                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106012-94
Drafting attorney: Paul Handleman (202) 622-3040.
Reviewing attorney: Susan Reaman (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
_______________________________________________________________________




2714. PURCHASE PRICE ALLOCATION

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

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

Legal Authority:  26 USC 7805; 26 USC 338; 26 USC 1060

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

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: Karen Gilbreath (202) 622-1788.
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
_______________________________________________________________________




2715. GUIDANCE UNDER SECTION 355(D)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0355

CFR Citation:  26 CFR 1

Legal Deadline: None

[[Page 21791]]

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

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-106004-98
Drafting attorney: Phoebe Bennett (202) 722-7750.
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
_______________________________________________________________________




2716. SECTION 361 OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 367

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The income tax regulations under section 367(a) will be 
amended to reflect the changes made to that section by the Technical 
and Miscellaneous Corrections Act of 1988. Section 367(a)(5) now 
provides that a transfer of assets to a foreign corporation in an 
exchange described in section 361 is subject to section 367(a)(1) 
unless certain ownership requirements and other conditions are met. The 
regulations will provide guidance regarding the application of this 
section. The change in the statute was necessitated by the repeal of 
``General Utilities.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209006-89 (INTL-089-89)
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Charlie Besecky (202) 622-3860.
CC:INTL

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

RIN: 1545-AM97
_______________________________________________________________________




2717. 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                            12/00/99

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: 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 Avenue NW., 
Washington, DC 20224
Phone: 202 622-4960
Fax: 202 622-6316

RIN: 1545-AQ30
_______________________________________________________________________




2718. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-252774-96
Drafting attorney: Kelly Kogan (202) 622-3840.
Reviewing attorney: Phyllis Marcus (202) 622-3840.
Treasury attorney: Michael Kirsch (202) 622-0871.
CC:INTL

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

RIN: 1545-AU91
_______________________________________________________________________




2719. CAPITAL GAIN GUIDANCE RELATING TO CRTS

Priority:  Substantive, Nonsignificant

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

[[Page 21792]]

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                            12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-110896-98
Drafting attorney: Mary Beth Collins (202) 622-3080.
Reviewing attorney: Jeff Erickson (2020) 622-3090.
Treasury attorney: Beth Kaufman (202) 622-1766.
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
_______________________________________________________________________




2720. 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                            12/00/99

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
_______________________________________________________________________




2721. FOREIGN INSURANCE COMPANIES

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209066-88 (INTL-024-88)
Drafting attorney: Roger Brown (202) 622-3870.
Reviewing attorney: Paul Epstein (202) 622-3870.
Completed in error in the October 1995 Unified Agenda.
CC:INTL

Agency Contact: Roger Brown, 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-AL82
_______________________________________________________________________




2722. FASIT--START-UP/OPERATIONAL/TRANSITION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 8606(f); 26 USC 8606(h); 26 USC 7805

CFR Citation:  26 CFR 301; 26 CFR 1

Legal Deadline: None

Abstract: These regulations will address issues concerning the start-up 
and operation of a financial asset securitization investment trust, and 
transitional rules for eligible existing entities that elect to be 
treated as a fasit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/04/96                    61 FR 56648
ANPRM Comment Period End        12/31/96
NPRM                            06/00/99

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) 622-3960.
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: 202 622-5699

RIN: 1545-AU94
_______________________________________________________________________




2723. FRINGE BENEFIT SOURCING UNDER SECTION 861

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 861

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the circumstances in which an 
allocation of income of an individual for the performance of services 
both within and without the United States is appropriately made only on 
the time basis.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-208254-90 (INTL-107-90)

[[Page 21793]]

Drafting attorney: David Bergkuist (202) 622-3850.
Reviewing attorney: Joan M. Thomsen (202) 622-3850.
Treasury attorney: Michael Mundaca (202) 622-1752.
CC:INTL

Agency Contact: David Bergkuist, 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-AO72
_______________________________________________________________________




2724. 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                            12/00/99

Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106030-98
Drafting attorney: Anne Shelburne (202) 874-1490.
Reviewing attorney: Steven Musher (202) 874-1490.
Treasury attorney: Michael Mundaca (202) 622-1752.
CC:INTL

Agency Contact: Anne Shelburne, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza SW., Washington, 
DC 20024
Phone: 202 874-1490
Fax: 202 874-1490

RIN: 1545-AW50
_______________________________________________________________________




2725. INTEGRATED FINANCIAL TRANSACTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 864

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation addresses whether matched book sale and 
repurchase transactions conducted by securities dealers qualify as 
integrated financial transactions under section 1.861-10(c).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209604-93 (INTL-001-93)
Drafting attorney: Roger Brown (202) 622-3870.
Reviewing attorney: Jeff Dorfman (202) 622-3870.
Treasury attorney: Patrick Brown (202) 622-1781.
CC:INTL

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

RIN: 1545-AR20
_______________________________________________________________________




2726. SOURCE RULES FOR PERSONAL PROPERTY SALES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 865

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

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

RIN: 1545-AJ83
_______________________________________________________________________




2727. 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                            12/00/99

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

[[Page 21794]]


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
_______________________________________________________________________




2728. FOREIGN TAX CREDIT ANTI-ABUSE REGULATION

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-103445-98
Drafting attorney: Rebecca I. Rosenberg (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Je Young Baik (202) 622-1773.
CC:INTL

Agency Contact: Rebecca I. Rosenberg, 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-AV97
_______________________________________________________________________




2729. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 1203 of the Tax Reform Act of 1986 amends section 
904(f) by adding paragraph (5) at the end thereof which requires that 
foreign source losses with respect to any income category first offset 
a taxpayer's other foreign source income before such losses offset the 
taxpayer's U.S. source income. The regulation will provide rules for 
the allocation of foreign source losses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209044-89 (INTL-338-89)
Drafting attorney: Trina Dang (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
CC:INTL

Agency Contact: Trina Dang, 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-AM11
_______________________________________________________________________




2730. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 953

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide substantive and procedural rules 
regarding the election under section 953(d) to treat certain controlled 
foreign corporations engaged in the insurance business as domestic 
corporations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-208980-89 (INTL-765-89)
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Philip Garlett (202) 622-3840.
CC:INTL

Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AO25
_______________________________________________________________________




2731. 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                            12/00/99

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
_______________________________________________________________________




2732. SECTION 988--CONTINGENT DEBT INSTRUMENT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 988

CFR Citation:  26 CFR 1

[[Page 21795]]

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
_______________________________________________________________________




2733. ELECTING SMALL BUSINESS TRUST

Priority:  Substantive, Nonsignificant

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                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-251701-96
Drafting attorney: James A. Quinn (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.
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-AU76
_______________________________________________________________________




2734. APPLICATIONS OF SECTION 1503(D) TO PARTNERSHIPS AND OTHER ITEMS

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Determination of when and how section 1503(d), treatment of 
dual consolidated losses, will apply to partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209564-92 (INTL-037-92)
Drafting attorney: Kenneth Allison (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
CC:INTL

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

RIN: 1545-AR26
_______________________________________________________________________




2735. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

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
_______________________________________________________________________




2736.  SECTION 355(E) GUIDANCE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Notice of proposed rulemaking to provide guidance on section 
355(e) of the Internal Revenue Code. Section 355(e) provides that a 
distributing corporation will recognize gain on the distribution of 
stock of a controlled corporation if 50 percent of the stock of the 
distributing or controlled corporation is acquired pursuant to a plan 
that includes the distribution.

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-116733-98
Drafting attorney: Brendan O'Hara (202) 622-7530
Reviewing attorney: Vicki Hyche (202) 622-7530.
Treasury attorney: Karen Gilbreath (202) 622-1778.

[[Page 21796]]



Agency Contact: Brendan O'Hara, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7530
Fax: 202 622-6834

RIN: 1545-AW79
_______________________________________________________________________




2737. INFORMATION REPORTING AND RECORD MAINTENANCE UNDER SECTION 6038C

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation project will implement the directives of 
section 6038C.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-208265-90 (INTL-102-90)
Drafting attorney: Ginny Y. Chung (202) 622-3870.
Reviewing attorney: Paul Epstein (202) 622-3870.
Treasury attorney: Patricia Brown (202) 622-1781.
CC:INTL

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

RIN: 1545-AP10
_______________________________________________________________________




2738. 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                            12/00/99

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
_______________________________________________________________________




2739. 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                            12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105312-98
Drafting attorney: Katharine Kiss (202) 622-4920.
Reviewing attorney: Michael Montemurro (202) 622-4920.
Treasury attorney: Jeffrey Maddrey (202) 622-1339.
CC:DOM:IT&A

Agency Contact: Katharine 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
_______________________________________________________________________




2740. SECTION 6048 REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6048

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209594-92 (INTL-067-92)
Drafting attorney: Allison Wielobob (202) 622-3880.
Reviewing attorney: Elizabeth Karzon (202) 622-3880.
Treasury attorney: Michael Kirsch (202) 622-0871.
Completed in error in the October 1995 Unified Agenda.
CC:INTL

Agency Contact: Allison Wielobob, 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-AR25
_______________________________________________________________________




2741.  PRIVATE FOUNDATION DISCLOSURE RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6104

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations generally affect private foundations 
and generally require a private foundation

[[Page 21797]]

to comply with requests from individuals who seek a copy of the 
foundation's annual information return for any of the foundation's 
three most recent taxable years.

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-121946-98
Drafting attorney: Michael Blumenfeld, (202) 622-6070
Reviewing attorney: Paul Accetura, (202) 622-6070
Treasury attorney: Susan Brown, (202) 622-0999
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

RIN: 1545-AW96
_______________________________________________________________________




2742. 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                            12/00/99

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: Paul Crispino (202) 622-0224.
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-AW26
_______________________________________________________________________




2743. ELECTRONIC FUND TRANSFERS OF FEDERAL DEPOSITS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6302(h)

CFR Citation:  26 CFR 1; 26 CFR 20; 26 CFR 25; 26 CFR 31; 26 CFR 40

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                            04/00/99

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
_______________________________________________________________________




2744.  COMPROMISES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7122

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The purpose of this regulation is to provide expanded 
compromise authority pursuant to section 7122 of title 26, as amended 
by the Restructuring and Reform Act of 1998. The current regulation 
limits compromise consideration to cases involving doubt as to 
collectibility, doubt as to liability or both. The goal of this 
regulation is to permit consideration of other factors in compromising 
tax liability.

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-116991-98
Drafting attorney: Carol A. Campbell (202) 622-3620
Reviewing attorney: Kathryn A. Zuba (202) 622-3620
Treasury attorney: Rita Cavanagh (202) 622-1981

Agency Contact: Carol A. Campbell, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3620
Fax: 202 622-9137

RIN: 1545-AW88
_______________________________________________________________________




2745. RELIEF FOR PRESIDENTIALLY DECLARED DISASTER

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 7508; 26 USC 7508A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations provide that, for any tax, penalty, 
additional amount, or addition to tax of a taxpayer determined to be 
affected by a presidentially declared disaster, the IRS may disregard 
up to 90 days in determining whether certain tax-related deadlines were 
satisfied and the amount of any credit or refund.

[[Page 21798]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-101492-98
Drafting attorney: Beverly Baughman (202) 622-4940.
Reviewing attorney: Rochelle Hodes (202) 622-4940.
Treasury attorney: Rita Cavanaugh (202) 622-1981.
CC:DOM:IT&A

Agency Contact: Beverly Baughman, 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
_______________________________________________________________________




2746. SPECIAL RULES APPLICABLE TO SALES OF DEBT INSTRUMENT BETWEEN 
RECORD DATES AND THE END OF ACCRUAL PERIODS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

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.
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
_______________________________________________________________________




2747. 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                            12/00/99

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.
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
_______________________________________________________________________




2748. 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                            12/00/99

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.
Treasury attorney: Rita Cavanagh (202) 622-1981.
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
_______________________________________________________________________




2749. 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                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-101520-97
Drafting attorney: Kevin Connelly (202) 622-3640.

[[Page 21799]]


Reviewing attorney: Robert Miller (202) 622-3640.
Treasury attorney: Rita Cavanagh (202) 622-1981.

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
_______________________________________________________________________




2750. 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                            12/00/99

Regulatory Flexibility Analysis Required: Undetermined

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, 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-AW00
_______________________________________________________________________




2751. 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                            12/00/99

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).

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
_______________________________________________________________________




2752. AVERAGING OF FARM INCOME

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1301(c)

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                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-121063-97
Drafting attorney: John Moran (202) 622-7697.
Reviewing attorney: Peter Frederick (202) 622-7670.
Treasury attorney: Lily Kahng (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: 202 622-7697
Fax: 202 622-6316

RIN: 1545-AW05
_______________________________________________________________________




2753. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR--SECTIONS 4261 AND 
4271

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 4261; 26 USC 4271; 26 USC 7805

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

________________________________________________________________________

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


_______________________________________________________________________



[[Page 21800]]

2754. ESTATE TAX DEDUCTION FOR QUALIFIED FAMILY-OWNED BUSINESS INTERESTS 
(QFBI)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 2057; 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: Leslie Finlow, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3120

RIN: 1545-AW21
_______________________________________________________________________




2755. CAPITAL GAINS AND PARTNERSHIP PROVISIONS

Priority:  Substantive, Nonsignificant

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

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                            12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106527-98
Drafting attorney: Jeanne Sullivan (202) 622-3050.
Reviewing attorney: Dianna Miosi (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
_______________________________________________________________________




2756. 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                            12/00/99

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
_______________________________________________________________________




2757. 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                            12/00/99

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) 622-7750.
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
_______________________________________________________________________




2758. 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                            04/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Agency Contact: Barbara League, Attorney-Advisor, Department of the

[[Page 21801]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-AW44
_______________________________________________________________________




2759. 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 regulations under section 263A relating to the 
simplified production and resale methods with historic absorption ratio 
election.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-113910-98
Drafting attorney: Jennifer Nuding (202) 622-4970.
Treasury attorney: Christine Turgeon (202) 622-0865.

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
_______________________________________________________________________




2760. MODIFICATION OF THE SOLELY-FOR-VOTING STOCK REQUIREMENT IN CERTAIN 
CORPORATE REORGANIZATIONS

Priority:  Substantive, Nonsignificant

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                            12/00/99

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
Fax: 202 622-6834

RIN: 1545-AW55
_______________________________________________________________________




2761. MERCHANDISE REGULATION

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                            12/00/99

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 Avenue 
NW., Washington, DC 20224
Phone: 202 622-4970
Fax: 202 622-6316

RIN: 1545-AW61
_______________________________________________________________________




2762. 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
_______________________________________________________________________




2763. 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.

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

[[Page 21802]]

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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

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 a 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: Lily Kahng (202) 622-0160.
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
_______________________________________________________________________




2764. INFORMATION REPORTING FOR PAYMENTS OF TUITION AND INTEREST ON 
EDUCATION LOANS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6050

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The regulations related to the requirements for filing 
information returns for payments of qualified tuition and related 
expenses. 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.

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-105316-98
Drafting attorney: Donna Welch (202) 622-4910.
Reviewing Tax Law Specialist: John McGreevy (202) 622-4910.
Treasury attorney: Susan Brown (202) 622-0999.
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
Fax: 202 622-6316

RIN: 1545-AW67
_______________________________________________________________________




2765.  DEFINITION OF PRIVATE ACTIVITY BONDS--REFUNDING 
REGULATIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations provide guidance of the 
application of the private loan test and the private business use test 
and the private payments/security tests to refunding bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-101563-97
Drafting attorney: Barbara Jane League (202) 622-3980
Reviewing attorney: Bruce M. Serchuk (202) 622-3980
Treasury attorney: Edwin G. Oswald (202) 622-1335

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

RIN: 1545-AW89
_______________________________________________________________________




2766.  CERTAIN ASSET TRANSFERS TO REGULATED INVESTMENT COMPANIES 
(RICS) AND REAL ESTATE INVESTMENT TRUSTS (REITS)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 337(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document contains proposed regulations that implement 
provisions of the Tax Reform Act of 1986, in accordance with Notice 88-
19, 1988-1 C.B. 486.

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-209135-88
Drafting attorney: Christopher Schoen (202) 622-7750
Reviewing attorney: Bernita Thigpen (202) 622-7720
Treasury attorney: Jim Sowell (202) 622-5721.
CC:DOM:CORP

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

RIN: 1545-AW92
_______________________________________________________________________




2767.  CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Notice of proposed rulemaking regarding principles for 
determining if a taxpayer has

[[Page 21803]]

constructively sold an appreciated financial position.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-102191-98
Drafting attorney: Richard Hoge (202) 622-3920
Reviewing attorney: Al Kraft (202) 622-3920
Treasury attorney: Paul Crispino (202) 622-0224
CC:INTL

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

RIN: 1545-AW97
_______________________________________________________________________




2768.  TRANSFER OF REMIC RESIDUAL INTEREST

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 8606(e)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will amend the rules on transfers of non-
economic residual interests to clarify the computational component of 
the safe harbor rule for establishing lack of improper knowledge under 
existing law.

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-122450-98
Drafting attorney: David L. Meyer (202) 622-3960
Reviewing attorney: Marshall Feiring (202) 622-3930
Treasury attorney: Paul Crispino (202) 622-3288

Agency Contact: David L. Meyer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-5699

RIN: 1545-AW98
_______________________________________________________________________




2769.  QUALIFIED OFFERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed rules regarding the qualified offer rule allowing 
the recovery of reasonable administrative or litigation costs.

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-121928-98
Drafting attorney: Thomas Moffitt (202) 622-7900
Reviewing attorney: Henry Schneiderman (202) 622-7820
Treasury attorney: Rita Cavanaugh (202) 622-1981
CC:DOM:FS

Agency Contact: Thomas D. Moffitt, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7900

RIN: 1545-AW99
_______________________________________________________________________




2770. 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 645.

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: Faith Colson (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.
Treasury attorney: Beth Kaufman (202) 622-1766.
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-AW24

[[Page 21804]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2771. RESEARCH AND COMPUTATION OF RESEARCH CREDIT UNDER SECTION 41 OF 
THE CODE, AFTER 1986, 1989 AND 1993 ACTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; PL 101-239

CFR Citation:  26 CFR 602; 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide rules for excluding research related 
to internal-use software from eligibility for the research credit and 
the exceptions to the exclusion.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/97                       62 FR 81
NPRM Comment Period End         04/22/97
Hearing                         05/13/97                       62 FR 81
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Agency Contact: Leslie Finlow, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3120
Fax: 202 622-4743

RIN: 1545-AO51
_______________________________________________________________________




2772. LOANS TREATED AS DISTRIBUTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 72

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on the application of 
rules for determining the income tax treatment to be accorded loans to 
participants or beneficiaries from qualified employer plans. The loan 
rules are provided in section 72(p) of the Internal Revenue Code of 
1986.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/95                    60 FR 66233
NPRM Comment Period End         03/20/96
Hearing                         06/28/96                    61 FR 20766
Second NPRM                     01/02/98                       63 FR 42
Final Action                    12/00/99

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.
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 Avenue NW., 
Washington, DC 20224
Phone: 202 622-6070
Fax: 202 622-3912

RIN: 1545-AE41
_______________________________________________________________________




2773. 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 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           09/00/99

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
_______________________________________________________________________




2774. EARNINGS STRIPPING PAYMENTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation addresses the deductibility of interest under 
section 163 being limited when paid by a corporation to related persons 
not subject to U.S. tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/18/91                    56 FR 27907
Hearing                         09/25/91                    56 FR 27927
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209059-89 (INTL-870-89)
Drafting attorney: Milton M. Cahn (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
CC:INTL

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

RIN: 1545-AO24
_______________________________________________________________________




2775. SECTION 5.163-1(B)(2)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 165

CFR Citation:  26 CFR 5

Legal Deadline: None

Abstract: This regulation project will finalize all outstanding 
proposed regulations under section 1.163-1(b)(2).

[[Page 21805]]

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

Additional Information: REG-208245-90 (INTL-115-90)
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Philip Garlett (202) 622-3840.
CC:INTL

Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AP33
_______________________________________________________________________




2776. 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                    12/00/99

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: Christing Turgeon (202) 622-0865.
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
_______________________________________________________________________




2777. SUBSTANTIATION OF EXPENSES--RECEIPT THRESHOLD

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 0274; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/25/97                    62 FR 14051
NPRM Comment Period End         06/23/97
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209785-95 (IA-36-95)
Drafting attorney: Donna M. Crisalli (202) 622-4920.
Reviewing attorney: George Baker (202) 622-4920.
Treasury attorney: Annette Smith (202) 622-0868.
CC:DOM:IT&A

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

RIN: 1545-AT97
_______________________________________________________________________




2778. WARRANTS AND NONQUALIFIED PREFERRED STOCK

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 0721

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation is intended to prevent avoidance of the 
special rule for nonqualified preferred stock under section 1014 of the 
Taxpayer Relief Act 0f 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                    12/00/99

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
_______________________________________________________________________




2779. INCOME TAX--PART 1--STOCK TRANSFER RULES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 367

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The extent to which a foreign corporation shall be considered 
to be a corporation under section 367 in connection with an exchange 
described in sections 332, 351, 354, 355, 356 or 361.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/26/91                    56 FR 41993
NPRM Comment Period End         10/25/91

[[Page 21806]]

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

Government Levels Affected: Federal

Additional Information: REG-209035-86 (INTL-178-86)
Drafting attorney: Mark Harris (202) 622-3840.
Reviewing attorney: Irwin Halpern (202) 622-3850.
Treasury attorney: Je Young Baik (202) 622-1773.
CC:INTL

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

RIN: 1545-AI32
_______________________________________________________________________




2780. AMENDMENT OF THE INCOME TAX REGULATIONS UNDER SECTION 367 OF THE 
CODE (TRANSFERS TO FOREIGN CORPORATIONS) TO REFLECT SECTION 131 OF THE 
TAX REFORM ACT OF 1984 (P.L. 98-369)

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 367

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The income tax regulations under section 367 will be amended 
to reflect the changes made to that section by the Tax Reform Act of 
1984. Section 367 now provides generally that a foreign corporation 
will not be considered to be a corporation, for purposes of certain 
nonrecognition provisions of the Code, upon the transfer of property to 
such corporation by a U.S. person. The statute provides certain 
exceptions to that rule, exemptions to those exceptions, and special 
rules applicable to certain specified transfers. The regulations will 
provide guidance concerning the applicability of the general rule and 
its exceptions and special rules, including guidance concerning 
transfers of assets for use in the active conduct of a trade or 
business, stock transfers, transfers of intangible assets, and 
transfers of branch operations that have operated at a loss.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209042-86 (INTL-610-86)
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Charlie Besecky (202) 622-3860.
CC:INTL

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

RIN: 1545-AK74
_______________________________________________________________________




2781. TREATMENT OF SECTION 355 DISTRIBUTION BY U.S. CORPORATIONS TO 
FOREIGN PERSONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations modifying the 1996 temporary regulations under 
section 367(e)(1), and the regulations under section 367(e)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/14/96                    61 FR 42217
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209827-96 (INTL-020-96)
Drafting attorney: Guy Bracuti (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Je Young Baik (202) 622-1773.
CC:INTL

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

RIN: 1545-AU22
_______________________________________________________________________




2782. REGULATIONS UNDER SECTION 382

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Amendments to the regulations under IRS section 382. The 
rules relate to the application of section 382 in short taxable years 
and with respect to controlled groups. Additional rules amend certain 
aspects of section 1.382-2T relating principally to the separate 
tracking of the stock ownership of loss corporations that cease to 
exist following a merger or similar transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/96                    61 FR 33391
NPRM Comment Period End         09/26/96
Final Action                    06/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209833-96 (CO-26-96)
Drafting attorney: Lee A. Dean (202) 622-7550.
Reviewing attorney: Charles Whedbee (202) 622-7550.
CC:DOM:CORP

Agency Contact: Lee A. Dean, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7550
Fax: 202 622-6834

RIN: 1545-AU33
_______________________________________________________________________




2783. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 414

[[Page 21807]]

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations define the term ``highly compensated 
employee'' under section 414(q) of the Code.

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
Final Action                    12/00/99

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

Government Levels Affected: State, Local

Additional Information: REG-209558-92 (EE-32-92)
Drafting attorney: Cathy Vohs (202) 622-6030.
Reviewing attorney: Marjorie Hoffman (202) 622-6030.
Treasury attorney: Don Wellylin (202) 622-1332.
Temporary and proposed regulations under sections 414(q) and and 414(s) 
were published February 19, 1988 (53 FR 4965); and final regulations 
under section 414(s) were published September 19, 1991 (56 FR 47659), 
under project EE-129-86. The regulations under section 414(q) were 
split off from project EE-129-86. It is anticipated that final 
regulations under section 414(q) will be published in the future under 
project EE-32-92.
CC:EBEO

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

RIN: 1545-AQ74
_______________________________________________________________________




2784. 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                    10/00/99

Regulatory Flexibility Analysis Required: No

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

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

RIN: 1545-AU11
_______________________________________________________________________




2785. ESCROW FUNDS AND OTHER SIMILAR FUNDS

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

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805; 26 USC 0468B

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Further guidance relating to certain escrow funds and other 
similar funds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/99                     64 FR 4801
NPRM Comment Period End         05/03/99
Final Action                    12/00/99

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.
CC:DOM:IT&A

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

RIN: 1545-AR82
_______________________________________________________________________




2786. TAXATION OF GLOBAL TRADING

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

Unfunded Mandates: Undetermined

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

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations to improve the taxation of global trading.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/28/90                    55 FR 35152
NPRM                            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

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

Agency Contact: Ginny Y. Chung, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224

[[Page 21808]]

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

RIN: 1545-AP01
_______________________________________________________________________




2787. QUALIFIED STATE TUITION PROGRAMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 529

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/98                    63 FR 45019
NPRM Comment Period End         11/23/98
Hearing                         01/06/99                    63 FR 45019
Final Action                    12/00/99

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: Susan Brown (202) 622-0999.
CC:EBEO

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

RIN: 1545-AV18
_______________________________________________________________________




2788. INBOUND GRANTOR TRUSTS WITH FOREIGN GRANTORS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 672

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

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

Additional Information: REG-252487-96
Drafting attorney: M. Grace Fleeman (202) 622-3880.
Reviewing attorney: Elizabeth Karzon (202) 622-3880.
Treasury attorney: Michael Kirsch (202) 622-0871.
CC:INTL

Agency Contact: M. Grace Fleeman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AU90
_______________________________________________________________________




2789. 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 optional 
adjustments to the basis of partnership property when partnership 
interests are sold, the calculation of gain or loss following the sale 
of a partnership interest, and the allocation of a partner's basis in 
its partnership interest to distributed properties.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/98                     63 FR 4408
NPRM Comment Period End         04/29/98
Final Action                    12/00/99

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 Avenue NW., Washington, DC 
20224
Phone: 202 622-3050

RIN: 1545-AS39
_______________________________________________________________________




2790. DETERMINATION OF EARNED PREMIUMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 832

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations will address the treatment of certain items for 
purposes of determining gross written premiums and unearned premiums 
under section 832(b)(4), including advance premiums. Retrospective 
premium adjustments, and the determination of written premiums with 
respect to certain policies with variable exposures.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/97                       62 FR 72
Hearing                         04/30/97                       62 FR 72
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 21809]]

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
_______________________________________________________________________




2791. CHARITABLE CONTRIBUTIONS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 861

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 1.861-8(e) will provide new guidance regarding the 
allocation of charitable deductions to U.S. or foreign source income. A 
taxpayer will allocate such a deduction solely to U.S. source income if 
he designated the contribution for U.S. use and reasonably believed 
that it would be so used. He will allocate such a deduction solely to 
foreign source income if he knows or has reason to know that it would 
be used solely outside the United States or that it must necessarily be 
so used. In all other cases, he would ratably apportion such a 
deduction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/12/91                    56 FR 10395
Hearing                         08/01/91                    56 FR 23823
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-208246-90 (INTL-116-90)
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Philip Garlett (202) 622-3840.
Treasury attorney: P. Ann Fisher (202) 622-1755.
CC:INTL

Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AP30
_______________________________________________________________________




2792. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN OTHER 
EXPENSES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 864

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-208267-86 (INTL-952-86)
Drafting attorney: David F. Bergkuist (202) 622-3850.
Reviewing attorney: Irwin Halpern (202) 622-3850.
Treasury attorney: Manal Corwin (202) 622-1317.
CC:INTL

Agency Contact: David F. Bergkuist, Attorney-Advisors, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AM20
_______________________________________________________________________




2793. 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
_______________________________________________________________________




2794. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS 
UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 897

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations will provide rules concerning the effect of 
certain distributions including dividends, redemptions, distributions 
pursuant to reorganizations, and liquidations on corporations and their 
shareholders under the Foreign Investment in Real Property Tax Act. 
Regulations will also provide rules for determining the extent to which 
nonrecognition would apply to certain transfers of real property 
interests and the extent to which

[[Page 21810]]

certain reorganizations will be treated as sales of property at fair 
market value.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/88                    53 FR 16233
Hearing                         03/01/89                     54 FR 1189
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209039-87 (INTL-491-87)
Drafting attorney: Robert Lorence (202) 622-3860.
Reviewing attorney: Charles P. Besecky (202) 622-3860.
CC:INTL

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

RIN: 1545-AK79
_______________________________________________________________________




2795. CONFORMING TAXABLE YEARS OF CFCS AND FPHCS: 1989 CHANGE

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 898; 26 USC 902

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance to taxpayers concerning new 
section 898 of the Internal Revenue Code, added to the Code by the 
Omnibus Budget Reconciliation Act of 1989. Section 898 requires the 
taxable years of certain specified foreign corporations to conform to 
the taxable years of their majority U.S. shareholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/05/93                      58 FR 290
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-208985-89 (INTL-848-89)
Drafting attorney: Kelley Kogan (202) 622-3840.
Reviewing attorney: Phyllis Marcus (202) 622-3840.
CC:INTL

Agency Contact: Kelley Kogan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AO22
_______________________________________________________________________




2796. 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. 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                    12/00/99

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 Avenue NW., 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AC09
_______________________________________________________________________




2797. 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                            08/19/98                      63 FR 160
Final Action                    12/00/99

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
_______________________________________________________________________




2798. GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/26/98                    63 FR 14669
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-104537-97

[[Page 21811]]

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: 202 622-4408

RIN: 1545-AV11
_______________________________________________________________________




2799. COMPUTATION OF A BRANCH'S TAXABLE INCOME; TAXATION OF EXCHANGE 
GAIN OR LOSS ON BRANCH REMITTANCES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Branch rules on how to translate branch income. Taxation of 
exchange gain or loss on branch remittances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/91                    56 FR 48457
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-208270-86 (INTL-965-86)
Drafting attorney: Howard Wiener (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
Treasury attorney: Patricia Brown (202) 622-1781.
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-AM12
_______________________________________________________________________




2800. MARK-TO-MARKET METHOD OF ACCOUNTING UNDER SECTION 988

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 989

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations allow taxpayers to elect to account for 
exchange gains and losses under a mark-to-market method of accounting. 
The regulation also addresses other matters including dual currency 
bonds, contingent payment bonds denominated in a nonfunctional 
currency, hyperinflationary instruments and certain hedging 
transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/17/92                     57 FR 9217
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-208202-91 (INTL-015-91)
Drafting attorney: Roger Brown (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
CC:INTL

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

RIN: 1545-AP78
_______________________________________________________________________




2801. EQUITY OPTIONS WITHOUT STANDARD TERMS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1092

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/25/98                    63 FR 34616
NPRM Comment Period End         09/23/98
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-104641-97
Drafting attorney: Pamela Lew (202) 622-3950.
Reviewing attorney: Robert Williams (202) 622-3960.
Treasury attorney: Paul Crispino (202) 622-0224.
CC:DOM:FI&P

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

RIN: 1545-AV48
_______________________________________________________________________




2802. 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                    11/00/99

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 Avenue NW., 
Washington, DC 20224
Phone: 202 622-3950

RIN: 1545-AU45


_______________________________________________________________________



[[Page 21812]]

2803. GENERAL RULES FOR MAKING AND MAINTAINING QUALIFIED ELECTING FUND 
ELECTIONS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/98                       63 FR 39
NPRM Comment Period End         04/02/98                       63 FR 41
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-115795-97
Drafting attorney: Margaret Fung (202) 622-3840.
Reviewing attorney: Philip Garlett (202) 622-3840.
Treasury attorney: Michael Mundaca (202) 622-1752.
This regulation contains different sections than the proposed 
regulation issued under RIN 1545-AM41 in December 1996.
CC:INTL

Agency Contact: Margaret Fung, 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-AV39
_______________________________________________________________________




2804. PASSIVE FOREIGN INVESTMENT COMPANIES--SPECIAL RULES FOR FOREIGN 
BANKS AND SECURITIES DEALERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1297

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance for qualifying foreign 
banks and securities dealers for the exception to passive income 
characterization for purposes of the income and asset tests of the PFIC 
provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/28/95                    60 FR 20922
Hearing                         09/11/95                    60 FR 39902
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-209733-93 (INTL-65-93)
Drafting attorney: Margaret Fung (202) 622-3840.
Reviewing attorney: Philip Garlett (202) 622-3840.
Treasury attorney: Michael Mundaca (202) 622-1752.
CC:INTL

Agency Contact: Margaret Fung, 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-AS46
_______________________________________________________________________




2805. 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; or stock in certain PFICs comparable to US regulated 
investment companies. These regulations define marketable stock for 
purposes of section 1296.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/02/99                       64 FR 21
NPRM Comment Period End         05/03/99
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: INTL-113744-98
Drafting attorney: Robert Laudeman (202) 622-3840.
Reviewing attorney: Phyllis Marcus (202) 622-3840.
Treasury attorney: Michael Mundaca (202) 622-1772.
CC:INTL

Agency Contact: Robert Laudeman, 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-AW69
_______________________________________________________________________




2806. S CORPORATION SUBSIDIARIES

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

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

Legal Authority:  26 USC 1361; 26 USC 1362

CFR Citation:  26 CFR 601

Legal Deadline: None

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

[[Page 21813]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/21/98                    63 FR 19864
NPRM Comment Period End         07/21/98
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-251698-96
Drafting attorney: Jeanne Sullivan (202) 622-3050.
Reviewing attorney: Dianna Miosi (202) 622-3050.
Treasury attorney: Jim 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
Fax: 202 622-4524

RIN: 1545-AU77
_______________________________________________________________________




2807. QUALIFIED ZONE ACADEMY BONDS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/07/98                      63 FR 707
Final Action                    12/00/99

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

Government Levels Affected: Local

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

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

RIN: 1545-AV75
_______________________________________________________________________




2808. REGULATIONS UNDER SECTION 1441 REGARDING THE ELECTRONIC 
TRANSMISSION OF WITHHOLDING CERTIFICATES

Priority:  Substantive, Nonsignificant

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

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

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

RIN: 1545-AV27
_______________________________________________________________________




2809. REGULATIONS UNDER SECTION 1441 REGARDING WITHHOLDING ON SALES OF 
DEBT OBLIGATIONS BETWEEN INTEREST PAYMENT DATES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1441

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

RIN: 1545-AV41
_______________________________________________________________________




2810. REGULATIONS UNDER SECTION 1502

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/96                    61 FR 33395
NPRM Comment Period End         09/26/96
Final Action                    06/00/99

[[Page 21814]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209832-96 (CO-25-96)
Drafting attorney: Lee A. Dean (202) 622-7550.
Reviewing attorney: Charles Whedbee (202) 622-7550.
CC:DOM:CORP

Agency Contact: Lee A. Dean, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7550
Fax: 202 622-6834

RIN: 1545-AU32
_______________________________________________________________________




2811. 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                    11/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-104062-97
Drafting attorney: Charles Whedbee (202) 622-7550.
Reviewing attorney: Roy Hirschhorn (202) 622-7770.
Treasury attorney: Karen Gilbreath (202) 622-1788.
CC:DOM:CORP

Agency Contact: Charles Whedbee, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7550
Fax: 202 622-6834

RIN: 1545-AV88
_______________________________________________________________________




2812. 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:  Final, Statutory, June 1999.
Regulations sunset under section 7805(e)(2)

Abstract: This document amends the effective dates of a 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                    04/00/99

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: Dave Kessler, 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
_______________________________________________________________________




2813. ACQUISITION OF AN S CORPORATION BY A MEMBER OF A CONSOLIDATED 
GROUP

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                            12/17/98                    63 FR 69581
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________




2814. 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                            10/23/98                    63 FR 56878
Final Action                    12/00/99

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.
Reviewing attorney: Rochelle Hodes (202) 622-4940.
Treasury attorney: Jim Sowell (202) 622-5721.

[[Page 21815]]


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-AW14
_______________________________________________________________________




2815. 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 manner of adequately disclosing a gift by a 
complete and accurate description of the transaction that will allow 
the period of assignment to begin to run and make a final determinated 
of the value of the gift for estate and gift tax purposes. This is 
generally effective for gifts after August 5, 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/98                    63 FR 70701
NPRM Comment Period End         03/22/99
Final Action                    12/00/99

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
_______________________________________________________________________




2816. 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                            09/23/98                    63 FR 50819
NPRM Comment Period End         12/22/98
Final Action                    12/00/99

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
_______________________________________________________________________




2817.  NEW TECHNOLOGY IN RETIREMENT PLANS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 401

CFR Citation:  26 CFR 1

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

Abstract: Guidance relating to the ``paperless'' administration of 
qualified retirement plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/18/98                    63 FR 70071
NPRM Comment Period End         03/31/99
Hearing                         04/00/99
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-118662-98
Drafting attorney: Catherine Livingston Fernandez (202)622-6030
Treasury attorney: Michael Doran (202) 622-1341

Agency Contact: Catherine Livingston Fernandez, Senior Attorney, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC 20224
Phone: 202 622-6030
Fax: 202 622-4631

RIN: 1545-AW78
_______________________________________________________________________




2818. 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                            12/17/98                    63 FR 69585
NPRM Comment Period End         03/17/99
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-118620-97
Drafting attorney: Bernard H. Weberman (202) 622-3130.
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: 202 622-3130

RIN: 1545-AV63


_______________________________________________________________________



[[Page 21816]]

2819. 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
Hearing                         03/16/99                     64 FR 5727
Final Action                    12/00/99

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: Susan Brown (202) 622-0999.
CC:EBEO

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

RIN: 1545-AV60
_______________________________________________________________________




2820. TELEFILE VOICE SIGNATURES TEST

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6012; 26 USC 6061; 26 USC 6065

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will enable the Internal Revenue 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                    06/00/99

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: Rochelle Hodes (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
_______________________________________________________________________




2821. 6046A--RETURNS AS TO INTERESTS IN FOREIGN PARTNERSHIPS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6046A

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/09/98                    63 FR 48154
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209060-86 (INTL-879-86)
Drafting attorney: Eliana D. Dolgoff (202) 622-3860.
Reviewing attorney: Phil Tretiak (202) 622-3860.
Completed in error in the October 1995 Unified Agenda.
CC:INTL

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

RIN: 1545-AK75
_______________________________________________________________________




2822. 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
Hearing                         02/04/98
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

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: Susan Brown (202) 622-0999.
CC:EBEO

Agency Contact: Michael Blumenfeld, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service,

[[Page 21817]]

1111 Constitution Avenue NW., Washington, DC 20224
Phone: 202 622-6070
Fax: 202 622-3912

RIN: 1545-AV13
_______________________________________________________________________




2823. 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.
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
_______________________________________________________________________




2824. 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                            12/15/98                    63 FR 69031
NPRM Comment Period End         03/15/99
Final Action                    12/00/99

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
_______________________________________________________________________




2825. 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                            08/31/98                    63 FR 46205
Final Action                    12/00/99

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

RIN: 1545-AV50
_______________________________________________________________________




2826.  COMPROMISES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7122

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The purpose of this regulation is to provide expanded 
compromise authority pursuant to section 7122 of title 26, as amended 
by the Restructuring and Reform Act of 1998. The current regulation 
limits compromise consideration to cases involving doubt as to 
collectibility, doubt as to liability or both. The goal of this 
regulation is to permit consideration of other factors in compromising 
tax liability.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116991-98
Drafting attorney: Carol Campbell (202) 622-3620
Reviewing attorney: Kathryn A. Zuba (202) 622-3620
Treasury attorney: Rita Cavanagh (202) 622-1981

Agency Contact: Carol A. Campbell, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3620
Fax: 202 622-9137

RIN: 1545-AW87


_______________________________________________________________________



[[Page 21818]]

2827. 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                    12/00/99

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: Jeffrey Maddrey (202) 622-1339.
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
_______________________________________________________________________




2828. 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

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/24/94                    59 FR 32670
ANPRM Comment Period End        08/23/94
NPRM                            01/16/97                     62 FR 2336
Hearing                         05/15/97                     62 FR 2336
Final Action                    12/00/99

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 Avenue NW., Washington, DC 
20224
Phone: 202 622-3110

RIN: 1545-AS77
_______________________________________________________________________




2829. 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                            08/18/98                    63 FR 44181
NPRM Comment Period End         11/16/98
Final Action                    12/00/99

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.
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
_______________________________________________________________________




2830. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 671; 26 USC 6034A; 26 USC 6049(d)(1)

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: Regulations on the reporting requirements for widely need 
fixed investment trusts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/13/98                    63 FR 43354
Hearing                         11/05/98
NPRM Comment Period End         11/12/98
Final Action                    12/00/99

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

[[Page 21819]]

Phone: 202 622-3060
Fax: 202 622-4513

RIN: 1545-AU15
_______________________________________________________________________




2831. RELIEF FROM DISQUALIFICATION FOR PLANS ACCEPTING ROLLOVERS

Priority:  Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/17/98                    63 FR 69584
NPRM Comment Period End         03/17/99
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-245562-96
Drafting attorney: Pamela R. Kinard (202) 622-6030.
Reviewing attorney: Alan Tawshunsky (202) 622-6000.
Treasury attorney: Amy Null (202) 622-4879.
CC:EBEO

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

RIN: 1545-AU46
_______________________________________________________________________




2832. 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                    12/00/99

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
_______________________________________________________________________




2833. RECHARACTERIZING FINANCING ARRANGEMENTS INVOLVING FAST-PAY STOCK

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 7701

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To prevent tax avoidance, the regulations provide rules 
concerning fast-pay stock arrangements. A fast-pay stock arrangement is 
any financing arrangement in which a corporation issues stock (1) with 
a dividend rate that is structured to decline, or (2) at a premium. For 
tax purposes, the regulations characterize certain fast-pay stock 
arrangements in a way that differs from their form. The regulations 
will apply to taxable years ending after February 26, 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/06/99                      64 FR 805
NPRM Comment Period End         04/06/99
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-104072-97
Drafting attorney: Jonathan Zelnik (202) 622-3940.
Reviewing attorney: Marshall Feiring (202) 622-3930.
Treasury attorney: Jeff Maffrey (202) 622-1339.
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-AV07
_______________________________________________________________________




2834. TAXPAYER IDENTIFICATION NUMBERS (TINS) FOR ADOPTED CHILDREN

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6109

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations will establish criteria and procedures for 
the assignment of Taxpayer Identification Numbers (TINs) to children 
who are in the process of being adopted.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/24/97                    62 FR 62538
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103330-97
Drafting attorney: Michael Gompertz (202) 622-4910.
Reviewing attorney: Rochelle Hodes (202) 622-4910.
CC:DOM:IT&A

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

RIN: 1545-AV08


_______________________________________________________________________



[[Page 21820]]

2835. 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 under section 894(c) 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                    12/00/99

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.
CC:INTL

Agency Contact: M. Grace Fleeman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AV10
_______________________________________________________________________




2836. 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 the 
alternative incremental credit under section 41(c)(4).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/02/98                    63 FR 66503
Final Action                    12/00/99

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
_______________________________________________________________________




2837. 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                    12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-105162-97
Drafting attorney: Daniel Carmody (202) 622-3080.
Reviewing attorney: Jeff Erickson (202) 622-3070.
Treasury attorney: Jim Sowell (202) 622-0685.
CC:DOM:P&SI

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

RIN: 1545-AV16
_______________________________________________________________________




2838. REMEDIAL AMENDMENT PERIOD

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 401

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will amend the existing regulations 
regarding the remedial amendment period to clarify the scope of the 
Commissioner's authority to provide relief under section 401(b).

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

Additional Information: REG-106043-97
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Marjorie Hoffman (202) 622-6030.
Treasury attorney: Donald Wellington (202) 622-1332.
CC:EBEO

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

RIN: 1545-AV22
_______________________________________________________________________




2839. ELECTRONIC TIP REPORTING

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: The regulations provide rules authorizing employers to 
establish electronic systems for use by their

[[Page 21821]]

employees in reporting tips to the employer.

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

Additional Information: REG-104691-97
Drafting attorney: Karin Loverud (202) 622-6060.
Reviewing attorney: Paul Feinberg (202) 622-6000.
Treasury attorney: Kevin Knopf (202) 622-2329.
CC:EBEO

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

RIN: 1545-AV28
_______________________________________________________________________




2840. COMPLIANCE MONITORING AND MISCELLANEOUS ISSUES RELATING TO THE LOW 
INCOME HOUSING CREDIT

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                            01/08/99                     64 FR 1143
NPRM Comment Period End         05/06/99
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local

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

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

RIN: 1545-AV44
_______________________________________________________________________




2841. 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                            12/16/98                    63 FR 69248
Final Action                    12/00/99

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
_______________________________________________________________________




2842. 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           04/00/99

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
_______________________________________________________________________




2843. 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                            09/08/98                    63 FR 48144
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-118966-97
Drafting attorney: Eliana D. Dolgoff (202) 622-3860.

[[Page 21822]]


Reviewing attorney: Phil Tretiak (202) 622-3860.
Treasury attorney: William Morris (202) 622-1779.
CC:INTL

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

RIN: 1545-AV69
_______________________________________________________________________




2844. 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
Hearing                         11/04/98
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

RIN: 1545-AV71
_______________________________________________________________________




2845. CONTINUITY OF INTEREST

Priority:  Substantive, Nonsignificant

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

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/23/98                     63 FR 4204
NPRM Comment Period End         05/05/98
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-120882-97
Drafting attorney: Phoebe Bennett (202) 622-7750.
Reviewing attorney: William Alexander (202) 622-7710.
Treasury attorney: Karen Gilbreath (202) 622-1788.
CC:DOM:CORP
Split off from RIN 1545-AU72 due to additional issues requiring 
comment.

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

RIN: 1545-AV81
_______________________________________________________________________




2846. 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                            10/01/98                    63 FR 52660
NPRM Comment Period End         12/30/98
Final Action                    12/00/99

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
_______________________________________________________________________




2847. AVERAGING OF FARM INCOME

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 1301(c)

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

________________________________________________________________________

Final Action                    04/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-121063-97
Drafting attorney: John Moran (202) 622-7072.

[[Page 21823]]


Reviewing attorney: Peter Frederick (202) 622-3900.
Treasury attorney: Lily Kahng (202) 622-0160.
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: 202 622-7697
Fax: 202 622-6316

RIN: 1545-AW04
_______________________________________________________________________




2848. 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
Hearing                         02/10/99                    63 FR 60316
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-121268-97
Drafting attorney: Robin Ehrenberg (202) 622-6080.
Reviewing attorney: Regina Oldak (202) 622-6080.
Treasury attorney: Susan Brown (202) 622-0999.
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
_______________________________________________________________________




2849. 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                            12/18/98                    63 FR 70354
NPRM Comment Period End         03/22/99
Final Action                    12/00/99

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
_______________________________________________________________________




2850. 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           12/00/99

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
_______________________________________________________________________




2851. 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                            09/23/98                    63 FR 50816
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106221-98
Drafting attorney: Lee A. Dean (202) 622-7550.
Treasury attorney: Karen Gilbreath (202) 622-1788.

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
_______________________________________________________________________




2852. 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

[[Page 21824]]

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                            12/21/98                    63 FR 70356
NPRM Comment Period End         03/22/99
Final Action                    12/00/99

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.
Treasury attorney: Michael Doran (202) 622-1341.
EBEO

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

RIN: 1545-AW59
_______________________________________________________________________




2853.  BALANCED PERFORMANCE MEASUREMENT SYSTEM

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 801

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation establishes a balanced performance measurement 
system for the Internal Revenue Service.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/05/99                      64 FR 457
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-119192-98
Draft attorney: Julie A. Barry (202) 401-4013.
Reviewing attorney: Dennis M. Ferrara (202) 401-4000.
Treasury attorney: Rochelle Granat (202) 622-1143.

Agency Contact: Julie A. Barry, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 401-4013
Fax: 202 401-6510

RIN: 1545-AW80
_______________________________________________________________________




2854.  ALLOCATION OF UNRECAPTURED SECTION 1250 GAIN REPORTED ON 
THE INSTALLMENT METHOD

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations provide rules for determining the 
taxation of capital gains from the sale of depreciable property 
reported under the installment method: If a portion of the capital gain 
is unrecaptured section 1250 gain and a portion is adjusted net capital 
gain, the unrecaptured section 1250 gain is taken into account before 
the adjusted net capital gain. the regulations also address how to 
treat installment payments from sales before May 7, 1997, and 
installment payments received after May 6, 1997, and before the 
effective date of the final regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/99                     64 FR 3457
NPRM Comment Period End         04/22/99
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110524-98
Drafting attorney: Susan Kassell (202) 622-4930
Reviewing attorney: Sandy Irving (202) 622-4930
Treasury attorney: Mark Hoffenberg (202) 622-0869
CC:DOM:IT&A

Agency Contact: Susan Kassell, 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-AW85
_______________________________________________________________________




2855.  NOTICE AND OPPORTUNITY FOR HEARING BEFORE LEVY

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6330

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide guidance concerning the implementation of section 
6330 of title 26, as added by section 3401 of the Internal Revenue 
Service Restructuring and Reform Act of 1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/99                     64 FR 3462
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-117620-98
Drafting attorney: Jerome D. Sekula (202) 622-3610
Reviewing attorney: Alan C. Levine (202) 622-3610
Treasury attorney: Rita Cavanagh (202) 622-1981
CC:EL:GL

Agency Contact: Jerome D. Sekula, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3610
Fax: 202 622-3766

RIN: 1545-AW90
_______________________________________________________________________




2856.  NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE 
OF LIEN

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6320

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide guidance concerning the implementation of section 
6320 of title 26, as added by the Internal

[[Page 21825]]

Revenue Service Restructuring and Reform Act of 1998 section 3401.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/99                     64 FR 3461
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116824-98
Drafting attorney: Jerome D. Sekula (202) 622-3610
Reviewing attorney: Alan C. Levine (202) 622-3610
Treasury attorney: Rita Cavanaugh (202) 622-1981
CC:EL:GL

Agency Contact: Jerome D. Sekula, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3610

RIN: 1545-AW91
_______________________________________________________________________




2857.  CONTINUATION COVERAGE REQUIREMENTS APPLICABLE TO GROUP 
HEALTH PLANS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 4980B

CFR Citation:  26 CFR 54

Legal Deadline: None

Abstract: These regulations provide guidance to employers, employee 
organizations, plan administrators, multiemployer plans, as well as to 
participants and beneficiaries about the COBRA health care continuation 
coverage requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/03/99                     64 FR 5237
Final Action                    12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-121865-98
Drafting attorney: Russ Weinheimer (202) 622-4695
Reviewing attorney: Alan Tawshunsky (202) 622-6000
Treasury attorney: Michael Doran (202) 622-1341

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

RIN: 1545-AW94
_______________________________________________________________________




2858.  QUALIFIED OFFERS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations regarding the qualified offer rule 
allowing the recovery of reasonable administrative or litigation costs.

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-121928-98
Drafting attorney: Thomas Moffitt (202) 622-7900
Reviewing attorney: Henry Schneiderman (202) 622-7820
Treasury attorney: Rita Cavanaugh (202) 622-1981
CC:DOM:FS

Agency Contact: Thomas Moffitt, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-7900

RIN: 1545-AX00
_______________________________________________________________________




2859.  AVERAGING OF FARM INCOME

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 1301

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 elected farm income is subtracted from the 
current years taxable income and a tax is calculated. 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           12/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-121063-97
Drafting attorney: John Moran (202) 622-7697.
Treasury attorney: Lily Kahng (202) 622-0160.
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: 202 622-7697
Fax: 202 622-6316

RIN: 1545-AX01

[[Page 21826]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2860. STATEMENT OF PROCEDURAL RULES--PART 601.702 APPENDIX B - INTERNAL 
REVENUE SERVICE - 31 CFR PART 1

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 601; 31 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lori Creswell
Phone: 202 622-4580
Fax: 202 622-6279

RIN: 1545-AR99
_______________________________________________________________________




2861. 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
_______________________________________________________________________




2862. 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: Bruce Serchuk
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU98
_______________________________________________________________________




2863. 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
_______________________________________________________________________




2864. 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
_______________________________________________________________________




2865. 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
_______________________________________________________________________




2866. 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
_______________________________________________________________________




2867. 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
_______________________________________________________________________




2868. 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

[[Page 21827]]

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

RIN: 1545-AT82
_______________________________________________________________________




2869. 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
_______________________________________________________________________




2870. 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
Final Action                    12/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

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

RIN: 1545-AN64
_______________________________________________________________________




2871. 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: 202 622-5699

RIN: 1545-AS85
_______________________________________________________________________




2872. MARK-TO-MARKET ACCOUNTING FOR DEALERS IN COMMODITIES AND TRADERS 
IN SECURITIES AND COMMODITIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/28/99                     64 FR 4374


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1545-AW06
_______________________________________________________________________




2873. INTERCOMPANY TRANSFER PRICING FOR SERVICES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa G. Sams
Phone: 202 874-1490
Fax: 202 622-4476

RIN: 1545-AR32
_______________________________________________________________________




2874. SEPARATE SHARE RULES/ESTATES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/06/99                      64 FR 790


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Laura Howell
Phone: 202 622-3060

RIN: 1545-AW57
_______________________________________________________________________




2875. SOURCE RULES FOR PAYMENTS MADE PURSUANT TO CERTAIN SWAP 
ARRANGEMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AU89
_______________________________________________________________________




2876. ALLOCATION OF LOSS ON DISPOSITION OF PERSONAL PROPERTY

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/11/99                     64 FR 1571


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David Juster
Phone: 202 622-3850

RIN: 1545-AW09
_______________________________________________________________________




2877. PROPOSED REGULATION UNDER SECTIONS 882 AND 884

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/00

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-AT96


_______________________________________________________________________



[[Page 21828]]

2878. 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
_______________________________________________________________________




2879. 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: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AI16
_______________________________________________________________________




2880. 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: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AC10
_______________________________________________________________________




2881. 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: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AM91
_______________________________________________________________________




2882. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/90                     55 FR 2535


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AM90
_______________________________________________________________________




2883. 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
_______________________________________________________________________




2884. 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

Agency Contact: Martin Scully
Phone: 202 622-4960

RIN: 1545-AN73
_______________________________________________________________________




2885. APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUST

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: M. Grace Fleeman
Phone: 202 622-3880
Fax: 202 622-4476

RIN: 1545-AU29
_______________________________________________________________________




2886. 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

[[Page 21829]]

NPRM Comment Period End         06/12/96
Hearing                         06/20/96                    61 FR 10490
Final Action                    12/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AT18
_______________________________________________________________________




2887. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/24/92                    57 FR 61373


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Ricardo A. Cadenas
Phone: 202 622-3880
Fax: 202 622-4408

RIN: 1545-AJ93
_______________________________________________________________________




2888. 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
_______________________________________________________________________




2889. 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
_______________________________________________________________________




2890. RETENTION OF PAID PREPARERS' SIGNATURES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/98                    63 FR 72218
NPRM Comment Period End         03/31/99
Final Action                    12/00/00

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Marc C. Porter
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AW52
_______________________________________________________________________




2891. PREPARER DUE DILIGENCE REQUIREMENTS FOR DETERMINING EARNED INCOME 
CREDIT ELIGIBILITY

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/98                    63 FR 70357


Next Action Undetermined

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marc C. Porter
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AW73
_______________________________________________________________________




2892.  TIMELY MAILING TREATED AS TIMELY FILING/ELECTRONIC 
POSTMARK

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document updates the current Notice of Proposed 
Rulemaking and provides timely mailing treated as timely filing rules 
for electronic postmarks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/15/99                     64 FR 2606


Next Action Undetermined

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115433-98
Drafting attorney: Charles A. Hall (202) 622-4940.
Reviewing attorney: Rochelle L. Hodes (202) 622-4940.
Treasury attorney: Rita Cavanaugh (202) 622-1981.
CC:DOM:IT&A

Agency Contact: Charles A. Hall, 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-AW81
_______________________________________________________________________




2893. 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: 202 622-5699

RIN: 1545-AT46


_______________________________________________________________________



[[Page 21830]]

2894. 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: 202 622-6132

RIN: 1545-AT47
_______________________________________________________________________




2895. 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: Mark Smith
Phone: 202 622-3970
Fax: 202 622-4451

RIN: 1545-AU49
_______________________________________________________________________




2896. CIVIL CAUSE OF ACTION FOR CERTAIN UNLAWFUL COLLECTION ACTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68242


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kevin B. Connelly
Phone: 202 622-3630

RIN: 1545-AU68
_______________________________________________________________________




2897. AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68241


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kevin Connelly
Phone: 202 622-3630

RIN: 1545-AU97
_______________________________________________________________________




2898. DEPOSITS OF EXCISE TAXES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 40

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/29/97                    62 FR 67589
NPRM Comment Period End         03/30/98


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ruth Hoffman
Phone: 202 622-3130

RIN: 1545-AV02
_______________________________________________________________________




2899. 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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AV61
_______________________________________________________________________




2900. REQUIRED DISTRIBUTIONS FROM QUALIFIED PLANS AND INDIVIDUAL 
RETIREMENT PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/97                    62 FR 67780


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

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

RIN: 1545-AV82
_______________________________________________________________________




2901. DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/99                     64 FR 3669


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jamie Bernstein
Phone: 202 622-4570
Fax: 202 622-9888

RIN: 1545-AV84
_______________________________________________________________________




2902. INTEREST ON EDUCATION 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                            01/21/99                     64 FR 3257


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John Moriarty
Phone: 202 627-4950

RIN: 1545-AW01


_______________________________________________________________________



[[Page 21831]]

2903. CONVERSION TO THE EURO

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AW43
_______________________________________________________________________




2904. EDUCATION CREDITS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/06/99                      64 FR 794


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Donna Welch
Phone: 202 622-4910

RIN: 1545-AW65
_______________________________________________________________________




2905.  MODIFICATIONS AND ADDITIONS TO THE UNIFIED PARTNERSHIP 
AUDIT PROCEDURES

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 6230; 26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Proposed regulations modifying the Unified Partnership Audit 
Procedures. These changes are based on statutory changes enacted in 
1997 and 1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/99                     64 FR 3886
Final Action                    12/00/00

Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses

Government Levels Affected: Federal

Additional Information: REG-106564-98
Drafting attorney: Robert Honigman (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
Treasury attorney: Jim Sowell (202) 622-5721

Agency Contact: Robert Honigman, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3050
Fax: 202 622-4818

RIN: 1545-AW86
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2906. EXCLUSION FROM INCOME OF CERTAIN COST-SHARING PAYMENTS UNDER 
GOVERNMENT PROGRAMS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8795          12/14/98                    63 FR 68678

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa Shuman
Phone: 202 622-3120

RIN: 1545-AT73
_______________________________________________________________________




2907. ARBITRAGE RESTRICTIONS ON TAX EXEMPT BONDS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8801          12/30/98                    63 FR 71748

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local, Tribal

Agency Contact: David White
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU39
_______________________________________________________________________




2908. CONTINUITY OF INTEREST

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8783          09/23/98                    63 FR 50757

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AW45
_______________________________________________________________________




2909. GUIDANCE UNDER SECTION 30 AND 179A

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Winston Douglas
Phone: 202 622-3110

RIN: 1545-AR66
_______________________________________________________________________




2910. PRODUCTION OF CREATIVE PROPERTY

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

Unfunded Mandates: Undetermined

[[Page 21832]]

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jan Skelton
Phone: 202 622-4970

RIN: 1545-AQ92
_______________________________________________________________________




2911. CERTAIN ASSET TRANSFERS TO A TAX-EXEMPT ENTITY

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8802          12/29/98                    63 FR 71591

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local, Tribal

Agency Contact: Stephen R. Cleary
Phone: 202 622-7530
Fax: 202 622-6834

RIN: 1545-AN21
_______________________________________________________________________




2912. ROTH IRAS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8816          02/04/99                     64 FR 5597

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cathy A. Vohs
Phone: 202 622-6030

RIN: 1545-AW62
_______________________________________________________________________




2913. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Marshall
Phone: 202 622-6030

RIN: 1545-AL53
_______________________________________________________________________




2914. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeffrey Erickson
Phone: 202 622-3080

RIN: 1545-AO32
_______________________________________________________________________




2915. 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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: JoLynn Ricks
Phone: 202 622-3411

RIN: 1545-AU87
_______________________________________________________________________




2916. SECTION 501(C)(4) REGULATION CHANGES REGARDING TAXPAYER BILL OF 
RIGHTS 2

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Cynthia Morton
Phone: 202 622-6070

RIN: 1545-AV57
_______________________________________________________________________




2917. GUIDANCE REGARDING CHARITABLE REMAINDER TRUST

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8791          12/10/98                    63 FR 68188

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mary Beth Collins
Phone: 202 622-3070

RIN: 1545-AU25
_______________________________________________________________________




2918. SECTION 736--LLC MEMBERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      01/02/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AT31
_______________________________________________________________________




2919. FASIT--START-UP/OPERATIONAL/TRANSITIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

[[Page 21833]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David L. Meyer
Phone: 202 622-3960
Fax: 202 622-5699

RIN: 1545-AV59
_______________________________________________________________________




2920. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

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
_______________________________________________________________________




2921. CLASSIFICATION OF CERTAIN TRANSACTIONS INVOLVING COMPUTER PROGRAMS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Anne Shelburne
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AU70
_______________________________________________________________________




2922. TRANSPORTATION INCOME SOURCE RULES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      08/14/98

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
_______________________________________________________________________




2923. SOURCE OF INCOME FROM SALES OF INVENTORY PARTLY FROM SOURCES 
WITHIN A POSSESSION OF THE UNITED STATES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Anne Shelburne
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AU79
_______________________________________________________________________




2924. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

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
_______________________________________________________________________




2925. ALLOCATION OF LOSS ON DISPOSITION OF STOCK

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8805          01/11/99                     64 FR 1505

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
_______________________________________________________________________




2926. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8805          01/11/99                     64 FR 1505

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AQ43
_______________________________________________________________________




2927. SOURCE AND GROUPING RULES FOR FOREIGN SALES CORPORATION TRANSFER 
PRICING

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth G. Beck
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AV90


_______________________________________________________________________



[[Page 21834]]

2928. SOURCING RULES FOR FOREIGN SALES CORPORATION TRANSFER PRICING

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth Beck
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AW11
_______________________________________________________________________




2929. SOURCING RULES FOR FOREIGN SALES CORPORATION TRANSFER PRICING

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Elizabeth Beck
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AW12
_______________________________________________________________________




2930. NEW LINES OF BUSINESS PROHIBITED UNDER SECTION 936(J)(9)(B)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AV67
_______________________________________________________________________




2931. INSURANCE INCOME

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

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
_______________________________________________________________________




2932. INCOME TAX--TAX REFORM ACT OF 1984 RELATING TO INTEREST CHARGE 
DISCS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AG71
_______________________________________________________________________




2933. FINAL 1441 REGULATION--TECHNICAL CORRECTIONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Laura Hatten Boyd
Phone: 202 622-3840
Fax: 202 622-4476

RIN: 1545-AW39
_______________________________________________________________________




2934. WITHHOLDING TAX ON PAYMENTS FROM PARTNERSHIPS TO FOREIGN PARTNERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      01/26/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AL32
_______________________________________________________________________




2935. CONSIDERATION OF REPEAL OF OLD 1.1502-13

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      01/28/99

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
_______________________________________________________________________




2936. CONSOLIDATED OVERALL FOREIGN LOSS AND SEPARATE LIMITATION LOSS 
ACCOUNTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8800          12/29/98                    63 FR 71589

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Trina Dang
Phone: 202 622-3850

RIN: 1545-AW08
_______________________________________________________________________




2937. EFFECTIVE DATE OF SECTION 1.1502-9T

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

[[Page 21835]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Trina Dang
Phone: 202 622-3850
Fax: 202 622-4476

RIN: 1545-AW51
_______________________________________________________________________




2938. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AT66
_______________________________________________________________________




2939.  INTEREST ON EDUCATION LOANS

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 221; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide guidance on the deduction of interest on education 
loans under section 221.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      01/21/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: 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: Steve Arkin (202) 622-1336

Agency Contact: John Moriarty, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-4950

RIN: 1545-AW75
_______________________________________________________________________




2940. FEDERAL INSURANCE CONTRIBUTIONS ACT (FICA) TAXATION OF AMOUNTS 
UNDER EMPLOYEE BENEFIT PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8814          01/29/99                     64 FR 4542

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Janine Cook
Phone: 202 622-6040

RIN: 1545-AF97
_______________________________________________________________________




2941. FEDERAL UNEMPLOYMENT TAX ACT (FUTA) TAXATION OF AMOUNTS UNDER 
EMPLOYEE BENEFIT PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8815          01/29/99                     64 FR 4540

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Janine Cook
Phone: 202 622-6040

RIN: 1545-AT99
_______________________________________________________________________




2942. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AE62
_______________________________________________________________________




2943. LUXURY TAX REGULATIONS--REVENUE RECONSIDERATION ACT OF 1990

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Bernard H. Weberman
Phone: 202 622-3130
Fax: 202 622-4537

RIN: 1545-AP24
_______________________________________________________________________




2944. RETAILERS TAX/TIRES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 48

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bernard H. Weberman
Phone: 202 622-3130

RIN: 1545-AW66
_______________________________________________________________________




2945. PREPAID TELEPHONE CARDS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 49

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      01/29/99

[[Page 21836]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bernard H. Weberman
Phone: 202 622-3130

RIN: 1545-AV64
_______________________________________________________________________




2946. CONTINUATION COVERAGE REQUIREMENTS OF GROUP HEALTH PLANS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 54

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8812          02/03/99                     64 FR 5160

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6060

RIN: 1545-AI93
_______________________________________________________________________




2947. PURCHASING AND REPORTING

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Donna Welch
Phone: 202 622-4910

RIN: 1545-AV49
_______________________________________________________________________




2948. MODIFICATION AND ADDITIONS TO THE UNIFIED PARTNERSHIP

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8808          01/26/99                     64 FR 3837

Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Robert Honigman
Phone: 202 622-3050

RIN: 1545-AW23
_______________________________________________________________________




2949. ELECTRONIC FUNDS TRANSFERS OF FEDERAL DEPOSITS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      01/29/99

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

Government Levels Affected: State, Local, Tribal, Federal

Agency Contact: Vincent Surabian
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AV96
_______________________________________________________________________




2950. ELECTRONIC FUNDS TRANSFERS OF FEDERAL DEPOSITS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      01/29/99

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

Government Levels Affected: State, Local, Tribal

Agency Contact: Vincent Surabian
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AW40
_______________________________________________________________________




2951. PAYMENT BY CREDIT CARD AND DEBIT CARD

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8793          12/15/98                    63 FR 68995

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mitchel S. Hyman
Phone: 202 622-3620
Fax: 202 622-9137

RIN: 1545-AW38
_______________________________________________________________________




2952. ABATEMENT OF INTEREST

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8789          12/18/98                    63 FR 70012

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David Auclair
Phone: 202 622-4910

RIN: 1545-AV32
_______________________________________________________________________




2953. DEFINITION OF REASONABLE BASIS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8790          12/02/98                    63 FR 66433

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Beverly Baughman
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AU38
_______________________________________________________________________




2954. DUE DILIGENCE FOR EIC (EARNED INCOME CREDIT)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      02/02/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Celia Gabrysh
Phone: 202 622-4940

RIN: 1545-AW03


_______________________________________________________________________



[[Page 21837]]

2955. PREPARER DUE DILIGENCE REQUIREMENTS FOR DETERMINING EARNED INCOME 
CREDIT ELIGIBILITY

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8798          12/21/98                    63 FR 70339

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marc C. Porter
Phone: 202 622-4940
Fax: 202 622-6316

RIN: 1545-AW74
_______________________________________________________________________




2956.  TIMELY MAILING TREATED AS TIMELY FILING/ELECTRONIC 
POSTMARK

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document provides timely mailing treated as timely 
filing rules for electronic postmarks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8807          01/15/99                     64 FR 2568

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115433-98
Drafting attorney: Charles A. Hall (202) 622-4940.
Reviewing attorney: Rochelle Hodes (202) 622-4940.
Treasury attorney: Rita Cavanaugh (202) 622-1981.
CC:DOM:IT&A

Agency Contact: Charles A. Hall, 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-AW82
_______________________________________________________________________




2957. REWARDS FOR INFORMATION RELATING TO VIOLATIONS OF INTERNAL REVENUE 
LAWS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8780          08/21/98                    63 FR 44777

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Judith A. Lintz
Phone: 202 622-4940

RIN: 1545-AU85
_______________________________________________________________________




2958. SPECIAL RULES FOR S CORPORATIONS UNDER SECTION 301.7701(B)-7

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

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
_______________________________________________________________________




2959. RESIDENCE OF TRUSTS AND ESTATES--7701

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8813          02/02/99                     64 FR 4967

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AU74
_______________________________________________________________________




2960. EXTENSION OF STATUTE OF LIMITATIONS IN JOHN DOE SUMMONS DISPUTES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AM67
_______________________________________________________________________




2961. SUSPENSION OF RUNNING OF PERIOD OF LIMITATIONS DURING PROCEEDING 
TO ENFORCE DESIGNATED SUMMONS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AQ01
_______________________________________________________________________




2962. AMORTIZATION--GOODWILL INTANGIBLES 197

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John Huffman
Phone: 202 622-3110

RIN: 1545-AT70
_______________________________________________________________________




2963. START-UP EXPENDITURES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

[[Page 21838]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8797          12/17/98                    63 FR 69554

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AT71
_______________________________________________________________________




2964. ERISA SECTION 204(H) NOTICE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8795          12/14/98                    63 FR 68678

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Betty Clary
Phone: 202 622-6070

RIN: 1545-AT78
_______________________________________________________________________




2965. TIMING OF NOTICE AND CONSENT REQUIREMENTS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8796          12/18/98                    63 FR 70009

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Walsh
Phone: 202 622-6030

RIN: 1545-AU05
_______________________________________________________________________




2966. USUFRUCT; NONRESIDENT ALIEN SHAREHOLDER; S CORPORATION STOCK

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

RIN: 1545-AU18
_______________________________________________________________________




2967. CONTINGENT INTEREST UNDER SECTION 2056(B)(7)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 20

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8779          08/19/98                    63 FR 44391

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Agency Contact: Susan Hurwitz
Phone: 202 622-3090
Fax: 202 622-4743

RIN: 1545-AU27
_______________________________________________________________________




2968. PAYMENT FROM THE PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT

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

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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

RIN: 1545-AU57
_______________________________________________________________________




2969. TAX ATTRIBUTE REDUCTION

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8787          10/22/98                    63 FR 56559

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Sharon Hall
Phone: 202 622-4930
Fax: 202 622-6316

RIN: 1545-AU71
_______________________________________________________________________




2970. DISCLOSURE OF CERTAIN RETURNS AND RETURN INFORMATION BY OTHER 
FEDERAL AGENCIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      11/24/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Julie C. Schwartz
Phone: 202 622-4570
Fax: 202 622-9888

RIN: 1545-AU83
_______________________________________________________________________




2971. DISCLOSURE OF CERTAIN RETURNS AND RETURN INFORMATION BY OTHER 
FEDERAL AGENCIES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      11/24/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Julie Schwartz
Phone: 202 622-4570

RIN: 1545-AU84
_______________________________________________________________________




2972. CERTAIN INVESTMENT INCOME--7704

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8799          12/17/98                    63 FR 69551

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 21839]]

Agency Contact: Terri Belanger
Phone: 202 622-3080

RIN: 1545-AV15
_______________________________________________________________________




2973. CASH ADVANCES OF COMPENSATION TO SERVICE PROVIDERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Edward C. Schwartz
Phone: 202 622-4960

RIN: 1545-AV21
_______________________________________________________________________




2974. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      08/11/98

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AV42
_______________________________________________________________________




2975. HIPAA NEWBORNS' AND MOTHERS' HEALTH PROTECTION ACT

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 54

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8788          10/27/98                    63 FR 57546

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-4695

RIN: 1545-AV52
_______________________________________________________________________




2976. QUALIFIED LONG-TERM CARE SERVICES AND INSURANCE

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8792          12/10/98                    63 FR 68184

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Katherine A. Hossofsky
Phone: 202 622-3970

RIN: 1545-AV56
_______________________________________________________________________




2977. SECTION 707 DISGUISED SALES OF PARTNERSHIP INTEREST

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

Unfunded Mandates: Undetermined

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Robert Honigman
Phone: 202 622-3050

RIN: 1545-AV66
_______________________________________________________________________




2978. SECTION 6038B INFORMATION REPORTING REQUIREMENTS FOR TRANSFERS TO 
FOREIGN PARTNERSHIPS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Eliana D. Dolgoff
Phone: 202 622-3860
Fax: 202 622-4476

RIN: 1545-AV70
_______________________________________________________________________




2979. DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8811          01/25/99                     64 FR 3631

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jamie Bernstein
Phone: 202 622-4570
Fax: 202 622-9888

RIN: 1545-AV83
_______________________________________________________________________




2980. SUBSTANTIATION OF BUSINESS EXPENSES--USE OF MILEAGE RATES TO 
SUBSTANTIATE AUTOMOBILE EXPENSES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8784          10/01/98                    63 FR 52600

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AV89
_______________________________________________________________________




2981. 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.

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8806          01/08/99                     64 FR 1125

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Marshall

[[Page 21840]]

Phone: 202 622-6030

RIN: 1545-AV94
_______________________________________________________________________




2982. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR--SECTIONS 4261 AND 
4271

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 49

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      01/28/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AW18
_______________________________________________________________________




2983. CAPITAL GAINS--INSTALLMENT SALES

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      02/02/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Laudeman
Phone: 202 622-4930
Fax: 202 622-6316

RIN: 1545-AW47
_______________________________________________________________________




2984. INCREASE IN CASHOUT LIMIT UNDER SECTIONS 411(A)(7), 411(A)(11), 
AND 417(E)(1)

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8794          12/21/98                    63 FR 70335

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael J. Karlan
Phone: 202 622-6030

RIN: 1545-AW58
_______________________________________________________________________




2985. SECTION 809--STOCK LIFE SUBSIDIARY OF A MUTUAL HOLDING COMPANY

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      02/02/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Melissa Luxner
Phone: 202 622-3970

RIN: 1545-AW70
_______________________________________________________________________




2986.  NOTICE AND OPPORTUNITY FOR HEARING BEFORE LEVY

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6330

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide guidance concerning the implementation of section 
6330 of title 26, as added by section 3401 of the Internal Revenue 
Service Restructuring And Reform Act of 1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8809          01/22/99                     64 FR 3405

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-117620-98
Drafting attorney: Jerome D. Sekula (202) 622-3610
Reviewing attorney: Alan C. Levine (202) 622-3610

Agency Contact: Jerome D. Sekula, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3610
Fax: 202 622-3766

RIN: 1545-AW76
_______________________________________________________________________




2987.  NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE 
OF LIEN

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805; 26 USC 6320

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide guidance concerning the implementation of section 
6320 of title 26, as added by the Internal Revenue Service 
Restructuring And Reform Act of 1998 section 3401.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8810          01/22/99                     64 FR 3398

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116824-98
Drafting attorney: Jerome D. Sekula (202) 622-3610
Reviewing attorney: Alan C. Levine (202) 622-3610

Agency Contact: Jerome D. Sekula, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3610
Fax: 202 622-3766

RIN: 1545-AW77
_______________________________________________________________________




2988.  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

________________________________________________________________________

Final Action - TD 8803          12/31/98                    63 FR 72118

Regulatory Flexibility Analysis Required: No

[[Page 21841]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106386-98
Drafting attorney: Marc C. Porter (202) 622-4940.
Reviewing attorney: Judith M. Wall (202) 622-4940.
Treasury attorney: Jeffrey Maddrey (202) 622-1339.
CC:DOM:IT&A

Agency Contact: Marc 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-AW83
_______________________________________________________________________




2989.  AVIATION FUEL TAX

Priority:  Substantive, Nonsignificant

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: The regulation will implement the aviation fuel tax imposed 
by section 4091 of the Internal Revenue Code. The regulation will 
provide rules for imposition of tax, liability for tax, registration, 
and credits and refunds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120353-98
Drafting attorney: Frank Boland (202) 622-3130
Reviewing attorney: Richard Kocak (202) 622-3130
Treasury attorney: John Parcell (202) 622-2578
CC:DOM:EBEO

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

RIN: 1545-AW84
_______________________________________________________________________




2990. 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.

CFR Citation:  26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action - TD 8781          09/04/98                    63 FR 47172

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Marshall
Phone: 202 622-6030

RIN: 1545-AV95
_______________________________________________________________________




2991. TAXPAYER ASSISTANCE ORDERS

Priority:  Substantive, Nonsignificant

CFR Citation:  26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Robert Miller
Phone: 202 622-3640

RIN: 1545-AU01
_______________________________________________________________________




2992. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - Agency action 
suspended                       03/23/99

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
BILLING CODE 4830-01-F
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2993. 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: No

Government Levels Affected: None

Agency Contact: Karen Osterloh, Assistant Chief Counsel, Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552

[[Page 21842]]

Phone: 202 906-6639
  
Robyn Dennis, Manager, Supervision Policy, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-5751

RIN: 1550-AB14
_______________________________________________________________________




2994. 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

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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Merkle, Project Manager, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5688
  
Dorene Rosenthal, Counsel (Banking and Finance), Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7268

RIN: 1550-AB18
_______________________________________________________________________




2995. 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 (including composition of boards of directors), compensation, 
employment contracts, extension of credit to outsiders, conflicts of 
interest, and corporate opportunity.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Additional Agency Contacts: David Permut, 
Counsel (Banking and Finance), Business Transactions Division, (202) 
906-7505.

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
_______________________________________________________________________




2996. NON-DEPOSIT INVESTMENT PRODUCTS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking 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 issuance of a notice of 
proposed rulemaking to update its regulations regarding the sale of 
non-deposit investment products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________




2997. 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                            09/00/99

Regulatory Flexibility Analysis Required: No

[[Page 21843]]

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
_______________________________________________________________________




2998. 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 update and rewrite its mutual to stock 
conversion regulations in the ``plain English'' format.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mary Jo Johnson, Project Manager, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5739
  
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
_______________________________________________________________________




2999. 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                            09/00/99

Regulatory Flexibility Analysis Required: No

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
  
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-AB25
_______________________________________________________________________




3000. 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

Legal Deadline: None

Abstract: OTS has issued 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                            02/08/99                     64 FR 5982
NPRM Comment Period End         04/09/99

Regulatory Flexibility Analysis Required: No

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

RIN: 1550-AB26
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3001. 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.

[[Page 21844]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/11/98                    63 FR 43052
NPRM Comment Period End         10/13/98
Final Action                    09/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________




3002. 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). 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 address the 
treatment of recourse obligations and direct credit substitutes and 
would vary the risk-based capital requirement for traded and non-traded 
positions in securitized asset transactions according to relative risk 
exposure. Other interagency capital projects address (i) leverage 
capital and risk-based standards for certain 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. OTS is also preparing 
miscellaneous amendments designed to update its capital rules.

Timetable:

Claims on Securities Firms  NPRM 09/00/99

Collateralized Transactions  NPRM 08/16/96 (61 FR 42565)  Final Rule 
09/00/99

CDRIA Section 303 Capital Amendments  NPRM 10/27/97 (62 FR 55686)  NPRM 
Comment Period End 12/26/97  Final Rule 03/02/99  Final Rule Effective 
04/01/99

Miscellaneous Capital Amendments  NPRM 09/00/99

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 To Be Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Additional Agency Contacts: Collateralized 
Transactions, Risk-weight of Claims on Securities Firms, CDRIA section 
303 Capital Amendments, and Miscellaneous 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
_______________________________________________________________________




3003. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/18/98                    63 FR 49877
NPRM Comment Period End         11/17/98
Final Action                    06/00/99

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________




3004. 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                    09/00/99

[[Page 21845]]

Regulatory Flexibility Analysis Required: No

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
  
Timothy Leary, Counsel (Banking and Finance), Regulations & Legislation 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7170

RIN: 1550-AB27
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3005. CAPITAL DISTRIBUTIONS

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 563

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/19/99                     64 FR 2805
Final Action Effective          04/01/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Edward J. O'Connell
Phone: 202 906-5694
Evelyne Bonhomme
Phone: 202 906-7052

RIN: 1550-AA72
_______________________________________________________________________




3006. 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.

CFR Citation:  12 CFR 545; 12 CFR 555

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/30/98                    63 FR 65673
Final Action Effective          01/01/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Richard Bennett
Phone: 202 906-7409
Paul Robin
Phone: 202 906-6648

RIN: 1550-AB00
_______________________________________________________________________




3007. 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.

CFR Citation:  12 CFR 563

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/01/98                    63 FR 66348
Final Action Effective          01/01/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Anthony Cornyn
Phone: 202 906-5727
Vern McKinley
Phone: 202 906-6241

RIN: 1550-AB13
_______________________________________________________________________




3008. 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.

CFR Citation:  12 CFR 563

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn - NPRM (Effective 03/
29/99)                          03/29/99                    64 FR 14845

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Larry Clark
Phone: 202 906-5628
Christine Harrington
Phone: 202 906-7957

RIN: 1550-AB15
_______________________________________________________________________




3009. 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.

CFR Citation:  12 CFR 502

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/30/98                    63 FR 65673
Final Action Effective          01/01/99

Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Eric Hirschhorn
Phone: 202 906-7350
Christine Harrington
Phone: 202 906-7957

RIN: 1550-AB20
_______________________________________________________________________




3010. 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.

CFR Citation:  12 CFR 561

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/10/99                     64 FR 6502
Final Action Effective          04/01/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 21846]]

Agency Contact: William J. Magrini
Phone: 202 906-5744
Vern McKinley
Phone: 202 906-6241

RIN: 1550-AB28
[FR Doc. 99-7750 Filed 04-23-99; 8:45 am]
BILLING CODE 6720-01-F
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