[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 25957]]

Part XV





Department of the Treasury





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 25958]]



DEPARTMENT OF THE TREASURY (TREAS)                                     


  



_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda and Fiscal Year 2001 Regulatory Plan

AGENCY:  Department of the 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 (E.O.) 12866 (``Regulatory Planning and Review,'' 
September 30, 1993), which require the publication by the Department of 
a semiannual agenda of regulations.

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

SUPPLEMENTARY INFORMATION:  The semiannual agenda of the Department of 
the Treasury conforms to the Unified Agenda format developed by the 
Regulatory Information Service Center (RISC).

Dated:  March 15, 2001.

 Richard S. Carro,

Senior Counsel for Regulatory and Legislative Affairs.

                                    Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2576        12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage....................     1505-AA84
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2577        12 CFR 1510 Resolution Funding Corporation Operations...............................     1505-AA79
2578        Financial Activities of Financial Subsidiaries......................................     1505-AA80
2579        Financial Subsidiaries..............................................................     1505-AA81
2580        17 CFR 450 Amendments to the Government Securities Act Regulations..................     1505-AA82
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2581        31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions         1505-AA74
            Through Payment Service Providers...................................................
2582        12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature.....     1505-AA85
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2583        12 CFR 1501 Comparable Requirement for National Banks Among the Second Fifty Largest     1505-AA77
            Insured National Banks..............................................................
2584        12 CFR 1500 Merchant Banking........................................................     1505-AA78
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2585        31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Suspicious Activity           1506-AA21
            Reporting--Broker/Dealers...........................................................
----------------------------------------------------------------------------------------------------------------


[[Page 25959]]


                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2586        31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of          1506-AA15
            Cross-Border Transportation of Certain Monetary Instruments.........................
2587        31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Suspicious Activity           1506-AA22
            Reporting--Casinos..................................................................
2588        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions from the            1506-AA23
            Requirement to Report Transactions in Currency......................................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2589        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority to     1506-AA08
            Assess Civil Money Penalties on Depository Institutions.............................
2590        31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and         1506-AA19
            Recordkeeping Requirements--Money Services Businesses (MSBs)........................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2591        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Requirement That Financial     1506-AA05
            Institutions Carry Out Anti-Money-Laundering Programs...............................
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2592        31 CFR 245 Claims on Account of Treasury Checks.....................................     1510-AA51
2593        31 CFR 285.14 Public Dissemination of Identity of Delinquent Debtors................     1510-AA72
2594        31 CFR 203 Payment of Federal Taxes and the Treasury Tax and Loan Program...........     1510-AA79
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2595        31 CFR 205 Rules and Procedures for Efficient Federal-State Funds Transfers.........     1510-AA38
2596        31 CFR 240 Indorsement and Payment of Checks Drawn on the United States Treasury....     1510-AA45
2597        31 CFR 256 Payments Under Judgment and Private Relief Acts..........................     1510-AA52
2598        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......................
2599        31 CFR 285.7 Salary Offset..........................................................     1510-AA70
2600        31 CFR 285.8 Offset of Tax Refund Payment To Collect State Income Tax Obligations...     1510-AA78
2601        31 CFR 210 Federal Government Participation in the Automated Clearinghouse..........     1510-AA81
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2602        31 CFR 281 Foreign Exchange Operations..............................................     1510-AA48

[[Page 25960]]

 
2603        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).......
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2604        31 CFR 900 to 904 Federal Claims Collection Standards...............................     1510-AA57
2605        31 CFR 285.8 Offset of Tax Refund Payments To Collect State Income Tax Obligations..     1510-AA82
2606        31 CFR 203 Payment of Federal Taxes and the Treasury Tax and Loan Program...........     1510-AA83
2607        31 CFR 210 Federal Government Participation in the Automated Clearinghouse..........     1510-AA84
----------------------------------------------------------------------------------------------------------------


                             Bureau of Alcohol, Tobacco and Firearms--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2608        27 CFR 16 Alcohol Beverage Health Warning Statement.................................     1512-AC12
----------------------------------------------------------------------------------------------------------------


                          Bureau of Alcohol, Tobacco and Firearms--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2609        27 CFR 252 Exportation of Liquors...................................................     1512-AA98
2610        27 CFR 7 Alcoholic Content Labeling for Malt Beverages..............................     1512-AB17
2611        27 CFR 7 Revision of Brewery Regulations and Issuance of Regulations for Taverns on      1512-AB37
            Brewery Premises (Brewpubs).........................................................
2612        27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for             1512-AB89
            Distilled Spirits and Wine..........................................................
2613        27 CFR 4 Amended Standard of Identity for Sherry....................................     1512-AB96
2614        27 CFR 24 Processes Authorized for the Treatment of Wine, Juice and Distilling           1512-AC05
            Material............................................................................
2615        27 CFR 4 Petition to Recognize Counoise and St. Laurent as New Grape Varieties......     1512-AC26
2616        27 CFR 251 Recodification of Part 251...............................................     1512-AC27
2617        27 CFR 4 Albarino, Black Corinth and Fiano Grape Varieties..........................     1512-AC29
2618        27 CFR Part 55 Identification Markings Placed on Explosive Materials................     1512-AC25
2619        27 CFR 55 Commerce in Explosives-Sport Rocket Motors................................     1512-AC30
2620        27 CFR 55 Commerce in Explosives (Including Explosives in the Fireworks Industry)...     1512-AB48
2621        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................................................
2622        27 CFR 178 Implementation of Public Law 105-277, Making Omnibus Consolidated and         1512-AB83
            Emerg. Supplemental Appropriations for FY 1999, Relating to the Permanent Provisions
            of the Brady Handgun Violence Prevention Act........................................
2623        27 CFR 178 Public Law 105-277, Making Omnibus Consolidated and Emergency                 1512-AB93
            Supplemental Appropriations for FY99, Relating to Firearms Disabilities for
            Nonimmigrant Aliens.................................................................
2624        27 CFR 70 Delegation of Authority in Part 70........................................     1512-AC19
2625        27 CFR 13 Delegation of Authority in 27 CFR Part 13.................................     1512-AC21
2626        27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and     1512-AC14
            Tubes Imported or Brought into the United States....................................
2627        27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars...................     1512-AC22
2628        27 CFR 275 Tobacco Products and Cigarette Papers and Tubes Shipped from Puerto Rico      1512-AC24
            to the United States................................................................
2629        27 CFR 270 Elimination of Application to Remove Tobacco Products from Manufacturer's     1512-AC32
            Premises for Experimental Purposes..................................................
2630        27 CFR 270 Elimination of Statistical Classes for Large Cigars......................     1512-AC33
2631        27 CFR 275 Implementation of Public Law 106-476, Sections 4002 and 4003, Relating to     1512-AC35
            Tobacco Importation Restrictions, Markings, Repackaging and Destruction of Forfeited
            Tobacco Products....................................................................
----------------------------------------------------------------------------------------------------------------


[[Page 25961]]


                            Bureau of Alcohol, Tobacco and Firearms--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2632        27 CFR 9 American Viticultural Areas................................................     1512-AA07
2633        27 CFR 5 Labeling of Unaged Grape Brandy............................................     1512-AB46
2634        27 CFR 22.21 Distribution and Use of Tax-Free Alcohol...............................     1512-AB51
2635        27 CFR 19.11 Distilled Spirits Plant Regulatory Initiative Proposal.................     1512-AB58
2636        27 CFR 18.56 Production of Volatile Fruit Flavored Concentrate......................     1512-AB59
2637        27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188........     1512-AB65
2638        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).................................................................
2639        27 CFR 24.178 Implementation of Public Law 105-34, Section 1417, Related to the Use      1512-AB78
            of Ameliorating Material in Certain Wines...........................................
2640        27 CFR 4 Health Claims and Other Health Related Statements in the Labeling and           1512-AB97
            Advertising of Alcohol Beverages....................................................
2641        27 CFR 170 Recodification of Part 170 into Part 29..................................     1512-AC34
2642        27 CFR 178 Commerce in Firearms and Ammunition (Omnibus Consolidated Appropriations      1512-AB64
            Act of 1997)........................................................................
2643        27 CFR 178 Residency Requirement for Persons Acquiring Firearms.....................     1512-AB66
2644        27 CFR 178 Identification Markings Placed on Firearms...............................     1512-AB84
2645        27 CFR 178 Commerce in Firearms and Ammunition--Annual Inventory....................     1512-AC08
2646        5 CFR 1320.7(f)(2) Implementation of the Paperwork Reduction Act....................     1512-AB90
2647        27 CFR 19 Delegation of Authority in 27 CFR Part 19.................................     1512-AC06
2648        27 CFR 53 Delegation of Authority in 27 CFR Part 53.................................     1512-AC18
2649        27 CFR 170 Delegation of Authority in 27 CFR Part 170...............................     1512-AC23
2650        27 CFR 200 Balanced Budget Act of 1997, Public Law 105-33, Restriction on the            1512-AB81
            Importation of Domestic Tobacco Products and Cigarette Papers and Tubes Returned to
            the United States...................................................................
2651        27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the              1512-AC07
            Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments...
----------------------------------------------------------------------------------------------------------------


                           Bureau of Alcohol, Tobacco and Firearms--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2652        Sake Regulations....................................................................     1512-AC09
2653        Flavored Malt Beverages.............................................................     1512-AC11
2654        27 CFR 4.32(d) Removal of Requirement to Disclose Saccharin in the Labeling of Wine,     1512-AC17
            Distilled Spirits and Malt Beverages................................................
2655        27 CFR 70 Recodification of Statement of Procedural Rules...........................     1512-AB54
2656        27 CFR 7 Plain Language in Part 7...................................................     1512-AC10
2657        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                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2658        27 CFR 20 Distribution of Denatured Alcohol and Rum.................................     1512-AB57
2659        27 CFR 21.3 Formulas for Denatured Alcohol and Rum..................................     1512-AB60
2660        27 CFR 24 Implementation of Public Law 105-34, Sections 1421 and 1422...............     1512-AB75
2661        27 CFR 4 Alteration of Labels on Containers of Distilled Spirits, Wine and Beer.....     1512-AB76
2662        27 CFR 4.91 New Grape Varietal (Dornfelder).........................................     1512-AC03
2663        27 CFR 18 Delegation of Authority in 27 CFR Part 18.................................     1512-AB99
2664        27 CFR 47 Delegation of Authority in 27 CFR Part 47.................................     1512-AC04
2665        27 CFR 20 Delegation of Authority in Parts 20, 21 and 22............................     1512-AC13
2666        27 CFR 4 Technical Amendments to 27 CFR Parts 4, 9, 24, 70 and 275..................     1512-AC15
2667        27 CFR 30 Delegation of Authority in 27 CFR Part 30.................................     1512-AC16
2668        27 CFR 25 Delegation of Authority in Part 25........................................     1512-AC20
----------------------------------------------------------------------------------------------------------------


[[Page 25962]]


                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2669        12 CFR 19 Uniform Rules of Practice and Procedure; Regulation Review................     1557-AB43
2670        12 CFR 37 Debt Cancellation Contracts and Debt Suspension Agreements................     1557-AB75
2671        12 CFR 7.1002 Bank Activities and Operations........................................     1557-AB76
2672        Fair Credit Reporting Regulations...................................................     1557-AB78
2673        12 CFR 9 Fiduciary Activities of National Banks.....................................     1557-AB79
2674        31 CFR 1 Notice of Exempt Privacy Act Systems of Records............................     1557-AB83
2675        Recordkeeping Requirements for Bank Exceptions from Securities Broker or Dealer          1557-AB93
            Registration........................................................................
2676        12 CFR 25 Prohibition Against Use of Interstate Branches Primarily for Deposit           1557-AB95
            Production..........................................................................
2677        12 CFR 8 Assessment of Fees; National Banks; District of Columbia...................     1557-AB96
----------------------------------------------------------------------------------------------------------------


                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2678        12 CFR 3 Capital Rules..............................................................     1557-AB14
2679        12 CFR 32 Lending Limits............................................................     1557-AB82
2680        12 CFR 8 Assessment of Fees; National Banks; District of Columbia Banks.............     1557-AB90
2681        12 CFR 5.34 Operating Subsidiaries of Federal Branches and Agencies.................     1557-AB92
2682        12 CFR 1 Investment Securities; Bank Activities and Operations; and Leasing.........     1557-AB94
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2683        12 CFR 12 Qualification Requirements for Transactions in Certain Securities.........     1557-AB54
2684        Rules and Procedures for Claims Against OCC-Appointed Receiverships for Uninsured        1557-AB59
            Financial Institutions..............................................................
2685        12 CFR 34 Real Estate Appraisals....................................................     1557-AB70
2686        12 CFR 21 Minimum Security Devices and Procedures...................................     1557-AB71
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2687        12 CFR 8 Assessment of Fees; National Banks; District of Columbia Banks.............     1557-AB72
2688        12 CFR 14 Consumer Protections for Depository Institution Sales of Insurance........     1557-AB81
2689        12 CFR 30, app D Interagency Guidelines Establishing Standards for Safeguarding          1557-AB84
            Customer Information................................................................
2690        12 CFR 35 Disclosure and Reporting of CRA Related Agreements........................     1557-AB85
2691        12 CFR 19 Rules of Practice and Procedure...........................................     1557-AB88
2692        12 CFR 1 Investment Securities; Bank Activities and Operations; Leasing.............     1557-AB89
----------------------------------------------------------------------------------------------------------------


                               United States Customs Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2693        19 CFR 159 Liquidation; Extension; Suspension.......................................     1515-AB66
2694        19 CFR 12 Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and          1515-AB74
            Music Videos of Live Musical Performances...........................................
2695        19 CFR 142 Reconciliation...........................................................     1515-AB85
2696        19 CFR 111 Remote Location Filing...................................................     1515-AC23
2697        19 CFR 177 Administrative Rulings...................................................     1515-AC56
2698        19 CFR 4 User and Navigation Fees; Other Reimbursable Charges.......................     1515-AC63

[[Page 25963]]

 
2699        19 CFR 123 Simplification of In-Transit Truck Shipments Between Canada and the           1515-AC65
            United States.......................................................................
2700        19 CFR 142 National Sanctions Due to the Delinquent Payment of Customs Bills........     1515-AC68
2701        19 CFR 145 Customs Examination of In-Transit Mail Shipments.........................     1515-AC71
2702        19 CFR 122 Private Aircraft Programs: Establishment of the General Aviation              1515-AC73
            Telephonic Entry (GATE) Program and Revisions to the Overflight Program.............
2703        19 CFR 146 Expanded Weekly Entry Procedure for Foreign Trade Zones..................     1515-AC74
2704        19 CFR 24 Reimbursable Customs Inspectional Services: Increase in Hourly Rate Charge     1515-AC77
2705        19 CFR 24 User Fees.................................................................     1515-AC81
2706        19 CFR 159 Distribution of Continued Dumping and Subsidy Offset to Affected Domestic     1515-AC84
            Producers...........................................................................
----------------------------------------------------------------------------------------------------------------


                                 United States Customs Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2707        19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty-          1515-AB87
            Deferral Program Provisions.........................................................
2708        19 CFR 12 Entry of Softwood Lumber Shipments From Canada............................     1515-AB97
2709        19 CFR 141 Customs Entry Documentation Pursuant to Anticounterfeiting Consumer           1515-AC15
            Protection Act......................................................................
2710        19 CFR 134 Country of Origin Marking................................................     1515-AC32
2711        19 CFR 24 Expanded Methods of Payment of Duties, Taxes, Interest and Fees...........     1515-AC40
2712        19 CFR 113 Importation and Entry Bond Conditions Regarding Other Agency                  1515-AC44
            Documentation Requirements..........................................................
2713        19 CFR 4 General Order Warehouses...................................................     1515-AC57
2714        19 CFR 4 Deferral of Duty on Large Yachts Imported for Sale.........................     1515-AC58
2715        19 CFR 10 Civil Aircraft............................................................     1515-AC59
2716        19 CFR 12 Entry of Softwood Lumber Shipments from Canada............................     1515-AC62
2717        19 CFR 24 Time Limitation for Requesting Refunds of Harbor Maintenance Fee and for       1515-AC64
            Making Other Claims Against Customs.................................................
2718        19 CFR 191 Merchandise Processing Fee Eligible to be Claimed as Unused Merchandise       1515-AC67
            Drawback............................................................................
2719        19 CFR 162 Civil Asset Forfeiture...................................................     1515-AC69
2720        19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences..     1515-AC72
2721        19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin        1515-AC76
            Initiative..........................................................................
2722        19 CFR 10 Duty-Free Treatment for Certain Beverages Made with Caribbean Rum.........     1515-AC78
2723        19 CFR 102 Rules of Origin for Textile and Apparel Products.........................     1515-AC80
2724        19 CFR 24 Amended Procedure for Obtaining Refunds of Harbor Maintenance Fees Paid on     1515-AC82
            Exports of Merchandise..............................................................
2725        19 CFR 132 Licenses for Certain Worsted Wool Fabrics Subject to Tariff-Rate Quota...     1515-AC83
2726        19 CFR 10 Amendment to Wool Duty Refund Program.....................................     1515-AC85
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2727        19 CFR 4 Harbor Maintenance Fee.....................................................     1515-AA57
2728        19 CFR 24 Donated Cargo Exemption From Harbor Maintenance Fee.......................     1515-AA87
2729        19 CFR 113 Automated Surety Interface...............................................     1515-AB25
2730        19 CFR 12 Textiles and Textile Products Subject to Textile Trade Agreements.........     1515-AB54
2731        19 CFR 134 Country-of-Origin Marking Requirements for Frozen Produce Packages.......     1515-AB61
2732        19 CFR 12 Determination of the Country of Origin of Textiles and Textile Products...     1515-AC00
2733        19 CFR 123 Designated Land Border Crossing Locations for Certain Conveyances........     1515-AC12
2734        19 CFR 103 Public Disclosure of Aircraft Manifests..................................     1515-AC13
2735        19 CFR 102 NAFTA Preference Override................................................     1515-AC25
2736        19 CFR 19 Personal-Use Limitation for Purchases at Duty-Free Stores.................     1515-AC50
----------------------------------------------------------------------------------------------------------------


[[Page 25964]]


                                United States Customs Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2737        19 CFR 24 Fees Assessed for Defaulted Payments......................................     1515-AB38
2738        19 CFR 148 Treatment of Merchandise Imported by Foreign Governments or Designated        1515-AB92
            International Organizations.........................................................
2739        19 CFR 4 Foreign Repairs to American Vessels........................................     1515-AC30
2740        19 CFR 143 Informal Entry of Low-Value Duty-Free Merchandise........................     1515-AC38
2741        19 CFR 12 Amended Bond Procedures for Articles Subject to Exclusion Orders Issued by     1515-AC43
            the U.S. International Trade Commission.............................................
2742        19 CFR 12 Assessment of Liquidated Damages Regarding Imported Merchandise That Is        1515-AC45
            Not Admissible Under the Food, Drug and Cosmetic Act................................
2743        19 CFR 132 Export Certificates for Lamb Meat Subject to Tariff-Rate Quota...........     1515-AC54
2744        19 CFR 12 Import Restrictions Imposed on Archaeological Material Originating in          1515-AC66
            Italy and Representing the Pre-Classical, Classical and Imperial Roman Periods......
2745        19 CFR 12 Import Restrictions Imposed on Archaeological Material From the                1515-AC70
            Prehispanic Cultures of the Republic of Nicaragua...................................
2746        19 CFR 10 Refund of Duties Paid on Imports of Certain Wool Products.................     1515-AC79
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2747        Foreign Insurance Companies.........................................................     1545-AL82
2748        Clarification of Treatment of Separate Limitation Losses............................     1545-AM11
2749        Section 361 Outbound Transfers of Property to Foreign Corporations..................     1545-AM97
2750        Foreign Insurance Company--Domestic Election........................................     1545-AO25
2751        Information Reporting and Record Maintenance Under Section 6038C....................     1545-AP10
2752        Integrated Financial Transaction....................................................     1545-AR20
2753        Section 6048 Regulations............................................................     1545-AR25
2754        Applications of Section 1503(d) to Partnerships and Other Items.....................     1545-AR26
2755        Intercompany Transfer Pricing for Services..........................................     1545-AR32
2756        Reporting Requirements for Widely Held Fixed Investment Trusts......................     1545-AU15
2757        Civil Cause of Action for Certain Unlawful Collection Actions.......................     1545-AU68
2758        Source Rules for Payments Made Pursuant to Certain Swap Arrangements................     1545-AU89
2759        Application of Attribution Rules to Foreign Trusts..................................     1545-AU91
2760        Special Rules Applicable to Sales of Debt Instrument Between Record Dates and the        1545-AU95
            End of Accrual Periods..............................................................
2761        Agreements for Payment of Tax Liabilities in Installments...........................     1545-AU97
2762        Return of Levied Property in Certain Cases..........................................     1545-AV01
2763        Removal of Temporary Regulations That Provide Rules for Substantiating Travel            1545-AV55
            Expense Deductions for Members of Congress..........................................
2764        Foreign Tax Credit Antiabuse Regulation.............................................     1545-AV97
2765        Transportation of Persons and Property by Air--Sections 4261 and 4271...............     1545-AW19
2766        Estate Tax Deduction for Qualified Family-Owned Business Interests (QFOBI)..........     1545-AW21
2767        Section 988--Contingent Debt Instrument.............................................     1545-AW33
2768        Capital Gain Guidance Relating to CRTs..............................................     1545-AW35
2769        Merchandise Regulation..............................................................     1545-AW61
2770        Reporting of Payments to Attorney...................................................     1545-AW72
2771        Constructive Sales of Appreciated Financial Positions...............................     1545-AW97
2772        Rules for Sourcing Certain Transportation Income, Space or Ocean Activity Income,        1545-AX02
            and Related Foreign Base Company Shipping Income....................................
2773        Highway Vehicle--Definition.........................................................     1545-AX10
2774        Deposit of Excise Taxes--Revision...................................................     1545-AX11
2775        Guidance on Cost Recovery in the Entertainment Industry.............................     1545-AX12
2776        Straddles--One Side Larger Than the Other...........................................     1545-AX16
2777        Definition of Accounting Method.....................................................     1545-AX21
2778        Sections 401(k) and 410(m) Cash or Deferred Arrangements............................     1545-AX26
2779        Definition of ``Issued'' With Regard to Chief Counsel Advice........................     1545-AX40
2780        Grouping Rules for Foreign Sales Corporation Transfer Pricing.......................     1545-AX41
2781        401(k) and 401(m) Regulations.......................................................     1545-AX43

[[Page 25965]]

 
2782        Notional Principal Contracts and Other Financial Products...........................     1545-AX45
2783        Section 7430 Regulations............................................................     1545-AX46
2784        Section 414(q) Regulation...........................................................     1545-AX48
2785        Address Correction..................................................................     1545-AX51
2786        Compensation Deferred Under Eligible Section 457(b) Plans (Section 457 Regulations).     1545-AX52
2787        Tax on Insurance Companies Other Than Life Insurance Companies......................     1545-AX54
2788        Modification to Section 367(a) Stock Transfer Regulations...........................     1545-AX77
2789        Definition of Passive Foreign Investment Company Under Section 1297.................     1545-AX78
2790        Procurement/Purchasing Card Reporting...............................................     1545-AX86
2791        Statute of Limitations on Collection Installment Agreements.........................     1545-AX89
2792        Clarification of Foreign-Based Company Sales Income Rules...........................     1545-AX91
2793        Assumption of Partnership Liabilities...............................................     1545-AX93
2794        Determination of Basis of Partners' Interest; Special Rules.........................     1545-AX94
2795        Like-Kind Exchanges Under Section 168...............................................     1545-AX95
2796        Definition of Diesel Fuel...........................................................     1545-AX97
2797        Transfers of Property to Third Parties on Behalf of a Spouse........................     1545-AX99
2798        Guidance Under Section 894..........................................................     1545-AY03
2799        Guidance Necessary To Facilitate Electronic Tax Administration......................     1545-AY04
2800        Revision of Circular No. 230........................................................     1545-AY05
2801        Damages Under Section 7433..........................................................     1545-AY08
2802        Guidance Under Section 894 (Temporary)..............................................     1545-AY13
2803        Electing Mark-to-Market for Marketable Stock of a PFIC..............................     1545-AY17
2804        Active Conduct of an Insurance Business Under PFIC Rules............................     1545-AY20
2805        Guidance on Changes to the Laws for Corporate Estimated Taxes.......................     1545-AY22
2806        Section 1445 Regulation.............................................................     1545-AY24
2807        Disallowance of Deductions and Credits for Failure To File Timely Return............     1545-AY26
2808        Section 1503(d) Regulation..........................................................     1545-AY27
2809        Withholding Tax on Foreign Partners' Share of Effectively Connected Income..........     1545-AY28
2810        Taxable Years of CFCs and FPHCs.....................................................     1545-AY30
2811        Mid-Contract Change in Taxpayer.....................................................     1545-AY31
2812        Guidance Under Section 6050P Regarding Information Reporting on Cancellation of          1545-AY35
            Indebtedness........................................................................
2813        Allocation of Income and Deductions from Intangibles................................     1545-AY38
2814        Dollar-Value LIFO...................................................................     1545-AY39
2815        Section 83-1032 Conforming Changes..................................................     1545-AY40
2816        Section 367(d) Regulations..........................................................     1545-AY41
2817        Section 355(e) Guidance.............................................................     1545-AY42
2818        Guidance Under Section 817A Regarding Modified Guaranteed Contracts.................     1545-AY48
2819        Application of Section 338 to Insurance Companies...................................     1545-AY49
2820        Electronic Furnishing of Payee Statements...........................................     1545-AY50
2821        Previously Taxed Earnings and Profits Under Subpart F...............................     1545-AY54
2822        Liabilities Assumed in Certain Corporate Transactions...............................     1545-AY55
2823        Guidance Necessary to Facilitate Electronic Tax Administration......................     1545-AY56
2824        Normal Retirement Age for Pension Plans.............................................     1545-AY61
2825        Section 706 and Foreign Partners....................................................     1545-AY66
2826        Liabilities Assumed in Certain Corporate Transactions...............................     1545-AY74
2827        Normalization.......................................................................     1545-AY75
2828        Qualified S Election for Testamentary Trusts........................................     1545-AY76
2829        Disclosure of Returns and Return Information of Other Agencies......................     1545-AY77
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2830        Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax     1545-AC09
            and Civil Penalties for Failure to File.............................................
2831        Income Tax--Reciprocal Exemptions for Certain Transportation Income.................     1545-AJ57
2832        Regulations Under Section 367 To Reflect Section 131 of the Tax Reform Act of 1984       1545-AK74
            (Pub. L. 98-369)....................................................................

[[Page 25966]]

 
2833        Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign          1545-AK79
            Investment in Real Property Tax Act.................................................
2834        Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on           1545-AM12
            Branch Remittances..................................................................
2835        Earnings and Profits of Controlled Foreign Corporations.............................     1545-AM90
2836        Limitations on Passive Activity Losses and Credits--Self-Charged Items..............     1545-AN64
2837        Earnings Stripping Payments.........................................................     1545-AO24
2838        Fringe Benefit Sourcing Under Section 861...........................................     1545-AO72
2839        Foreign Grantor Trusts..............................................................     1545-AO75
2840        Taxation of Global Trading..........................................................     1545-AP01
2841        Charitable Contributions............................................................     1545-AP30
2842        Section 1.163-1(b)(2)...............................................................     1545-AP33
2843        Definition of ``Highly Compensated Employee''.......................................     1545-AQ74
2844        Escrow Funds and Other Similar Funds................................................     1545-AR82
2845        Passive Foreign Investment Companies--Special Rules for Foreign Banks and Securities     1545-AS46
            Dealers.............................................................................
2846        Effect of the Family and Medical Leave Act on the Operation of Cafeteria Plans......     1545-AT47
2847        Proposed Regulation Under Sections 882 and 884......................................     1545-AT96
2848        Treatment of Obligation-Shifting Transactions.......................................     1545-AU19
2849        Electing Small Business Trust.......................................................     1545-AU76
2850        Withdrawal of Notice of Federal Tax Lien............................................     1545-AV00
2851        Regulations Under Section 1441 Regarding the Electronic Transmission of Withholding      1545-AV27
            Certificates........................................................................
2852        EIC Eligibility.....................................................................     1545-AV61
2853        Qualified Zone Academy Bonds........................................................     1545-AV75
2854        Interest on Education Loans.........................................................     1545-AW01
2855        Averaging of Farm Income............................................................     1545-AW05
2856        Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and       1545-AW06
            Commodities.........................................................................
2857        Stocks and Securities Safe Harbor Exception.........................................     1545-AW13
2858        Election To Treat Trust as Estate--Section 645......................................     1545-AW24
2859        Corporate Tax Shelter Registration..................................................     1545-AW26
2860        Intercompany Obligations............................................................     1545-AW30
2861        Disregarded Entities................................................................     1545-AW36
2862        Payment of Taxes by Credit Card and Debit Card......................................     1545-AW37
2863        Middleman Regulation Under Sections 6041 and 6045...................................     1545-AW48
2864        Special Rules Regarding the Simplified Production and Resale Methods with Historic       1545-AW54
            Absorption Ratio Election...........................................................
2865        Guidance Under Subpart F Relating to Certain Hybrid Transactions....................     1545-AW63
2866        Relief From Joint and Several Liability on Joint Return.............................     1545-AW64
2867        Education Credits...................................................................     1545-AW65
2868        Information Reporting for Payments of Tuition and Interest on Education Loans.......     1545-AW67
2869        Modifications and Additions to the Unified Partnership Audit Procedures.............     1545-AW86
2870        Compromises.........................................................................     1545-AW88
2871        Notice and Opportunity for Hearing Before Levy......................................     1545-AW90
2872        Notice and Opportunity for Hearing Upon Filing of Notice of Lien....................     1545-AW91
2873        Certain Asset Transfers to Regulated Investment Companies (RICs) and Real Estate         1545-AW92
            Investment Trusts (REITs)...........................................................
2874        Qualified Offers....................................................................     1545-AW99
2875        Notice of Contact of Third Parties--Section 7602(c).................................     1545-AX04
2876        Allocation of Research Credit.......................................................     1545-AX05
2877        Delay Rental Payments...............................................................     1545-AX06
2878        Coordination of Sections 755 and 1060...............................................     1545-AX18
2879        Dollar-Value LIFO Regulations.......................................................     1545-AX20
2880        Exclusion of Gain on the Sale or Exchange of Principal Residence....................     1545-AX28
2881        Changes in Entity Classification: Special Rule for Certain Foreign Eligible Entities     1545-AX39
2882        Agent for the Group Under Section 1.1502-77.........................................     1545-AX56
2883        Stock Transfer Rules: Carryover of Earnings and Taxes...............................     1545-AX65
2884        Loans Under Section 72(p)...........................................................     1545-AX68
2885        Disclosures of Return Information to Officers and Employees of the Department of         1545-AX69
            Agriculture for Certain Statistical Purposes and Related Activities.................
2886        Allocation and Apportionment of Interest Expense and Certain Other Expenses.........     1545-AX72
2887        Clarification of Entity Classification Rules Regarding Entities Classified as            1545-AX75
            Corporations........................................................................
2888        Requirement to Maintain List of Investors in Potentially Abusive Tax Shelters.......     1545-AX79
2889        Tax Shelter Disclosure Statements...................................................     1545-AX81

[[Page 25967]]

 
2890        HIPAA Portability...................................................................     1545-AX84
2891        Disclosure of Return and Return Information to Designee of Taxpayer.................     1545-AX85
2892        Application of Separate Foreign Tax Credit Limitations..............................     1545-AX88
2893        Definition of Income Under Section 643..............................................     1545-AX96
2894        Regulations Governing Practice Before the Internal Revenue Service..................     1545-AY07
2895        Classification of Certain Employee Benefit Trusts...................................     1545-AY09
2896        Guidance Under Section 6302 Regarding the Federal Tax Deposit System................     1545-AY10
2897        Broker's Commissions and Similar Fees...............................................     1545-AY15
2898        Check the Box Regulations--Amendment................................................     1545-AY16
2899        ''Authorized Placement Agency'' Under Section 152...................................     1545-AY18
2900        Disqualified Persons................................................................     1545-AY19
2901        Recognition of Gain on Certain Transfers to Foreign Trusts and Estates..............     1545-AY25
2902        Nondiscrimination Requirements for Certain Defined Contribution Retirement Plans....     1545-AY36
2903        Regulations Implementing Section 420(c)(3)(E).......................................     1545-AY43
2904        Special Rules for S Corporations Under Section 301.7701(b)-7........................     1545-AY44
2905        Guidance Under Subpart F Relating to Partnerships...................................     1545-AY45
2906        6302 De Minimis Threshold...........................................................     1545-AY47
2907        Disclosure of Return Information to Officers and Employees of the Department of          1545-AY52
            Commerce for Certain Statistical Purposes and Related Activities....................
2908        Time For Filing Form 1139 by a Consolidated Group...................................     1545-AY58
2909        Guidance Under Section 1275(a)(1)(B)(ii)............................................     1545-AY60
2910        Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens................     1545-AY62
2911        Excise Taxes on Excess Benefit Transactions.........................................     1545-AY65
2912        Tax Treatment of Cafeteria Plans....................................................     1545-AY67
2913        Disclosure of Returns and Return Information of Other Agencies (Temporary)..........     1545-AY78
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2914        Income Tax--Definition of Qualified Possession Source Investment Income for Purposes     1545-AC10
            of Puerto Rico and Possession Tax Credit............................................
2915        Golden Parachute Payments...........................................................     1545-AH49
2916        FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other      1545-AI16
            Special Rules for FSC...............................................................
2917        Information From Passport and Immigration Applicants................................     1545-AJ93
2918        Income of Foreign Governments and International Organizations.......................     1545-AL93
2919        CBI Investments of Section 936 Funds................................................     1545-AM91
2920        Railroad Unemployment Repayment Tax.................................................     1545-AN40
2921        Consolidated Alternative Minimum Tax................................................     1545-AN73
2922        Conforming Taxable Years of CFCs and FPHCs: 1989 Change.............................     1545-AO22
2923        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................
2924        Use of GAAP Earnings as E&P of Foreign Corporations.................................     1545-AQ55
2925        Interest-Free Adjustments...........................................................     1545-AQ61
2926        The Treatment of Accelerated Death Benefits Under Sections 101, 7702 and 7702A of        1545-AQ70
            the Internal Revenue Code...........................................................
2927        Mark-to-Market Upon Disposition.....................................................     1545-AS85
2928        Straddles--Miscellaneous Issues.....................................................     1545-AT46
2929        Allocation of Accrued Benefits Between Employer and Employee Contributions..........     1545-AT82
2930        Application of Grantor Trust Rules to Nonexempt Employees' Trust....................     1545-AU29
2931        Recomputation of Life Insurance Reserves............................................     1545-AU49
2932        FASIT--Start-up/Operational/Transition..............................................     1545-AU94
2933        Definition of ``Private Activity Bonds''--Allocation and Accounting Regulations.....     1545-AU98
2934        Required Distributions From Qualified Plans and Individual Retirement Plans.........     1545-AV82
2935        Allocation of Loss on Disposition of Personal Property..............................     1545-AW09
2936        Conversion to the Euro..............................................................     1545-AW43
2937        Source of Income for Space and Certain Ocean Activities and for Communications           1545-AW50
            Income..............................................................................
2938        Transfer of REMIC Residual Interest.................................................     1545-AW98

[[Page 25968]]

 
2939        Qualified Zone Academy Bonds Credit Rate............................................     1545-AX03
2940        Change of Annual Accounting Period..................................................     1545-AX15
2941        Guaranteed Investment Contracts.....................................................     1545-AX22
2942        Special Rules for Retroactive Payments Under Section 417(a)(7)(a) for Qualified          1545-AX34
            Retirement Plans....................................................................
2943        Definition of Private Activity Bond--Refunding Regulations..........................     1545-AX55
2944        Equity Options with Flexible Terms..................................................     1545-AX66
2945        Capitalization of Interest and Carrying Charges Properly Allocable to Straddles.....     1545-AX92
2946        Automatic Extension for Form 706....................................................     1545-AX98
2947        Hedging Transactions Under Section 1221(a)(7) and Section 446.......................     1545-AY02
2948        Investment Type Property (Prepayment)...............................................     1545-AY12
2949        Interest Free Adjustments Under Section 6205........................................     1545-AY21
2950        HIPAA General Nondiscrimination.....................................................     1545-AY32
2951        HIPAA Nondiscrimination/Exception for Church Plans..................................     1545-AY33
2952        HIPAA Nondiscrimination/Bona Fide Wellness Programs.................................     1545-AY34
2953        Notice to Interested Parties........................................................     1545-AY68
2954        Required Distributions from Retirement Plans........................................     1545-AY69
2955        Required Distributions from Retirement Plans........................................     1545-AY70
2956        Obligation of States and Political Subdivisions.....................................     1545-AY71
2957        Withdrawal of Section 301.6656-1 and Section 301.6656-2.............................     1545-AY79
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2958        Treatment of Funded Welfare Benefit Plans...........................................     1545-AG14
2959        Credit for Increasing Research Activities...........................................     1545-AO51
2960        Accounting for Long-Term Contracts..................................................     1545-AQ30
2961        Research Credit II..................................................................     1545-AV14
2962        Electronic Tip Reporting............................................................     1545-AV28
2963        Removal of Temporary Regulations....................................................     1545-AV36
2964        Clarification of 4958 Excise Taxes..................................................     1545-AV60
2965        Continuity of Interest..............................................................     1545-AV81
2966        Disclosure of Return Information to the Bureau of the Census........................     1545-AV84
2967        Relief for Presidentially Declared Disaster.........................................     1545-AV92
2968        Merchandise.........................................................................     1545-AW00
2969        HIPAA Nondiscrimination Rules.......................................................     1545-AW02
2970        Qualified Lessee Construction Allowances for Short-Term Leases......................     1545-AW16
2971        Definition of Contribution in Aid of Construction Under Section 118(c)..............     1545-AW17
2972        Capital Gains and Partnership Provisions............................................     1545-AW22
2973        GRAT and Notes......................................................................     1545-AW25
2974        Section 411(d)(6); Protected Benefits Exceptions....................................     1545-AW27
2975        Section 148--Clarification of the Treatment of Prepayments..........................     1545-AW44
2976        Guidance Under Section 355(d).......................................................     1545-AW71
2977        Preparer Due Diligence Requirements for Determining Earned Income Credit Eligibility     1545-AW73
2978        Section 355(e) Guidance.............................................................     1545-AW79
2979        Timely Mailing Treated as Timely Filing/Electronic Postmark.........................     1545-AW81
2980        Continuation Coverage Requirements Applicable to Group Health Plans.................     1545-AW94
2981        Qualified Offers....................................................................     1545-AX00
2982        GST Issues..........................................................................     1545-AX08
2983        Allocation of Partnership Debt......................................................     1545-AX09
2984        Definition of Last Known Address....................................................     1545-AX13
2985        Qualified Transportation Fringe Benefits............................................     1545-AX33
2986        351(g) Guidance Project.............................................................     1545-AX38
2987        Partnership Mergers and Divisions...................................................     1545-AX42
2988        Section 1374 Timber.................................................................     1545-AX50
2989        Permitted Election Changes Under Section 125........................................     1545-AX59
2990        Reopenings..........................................................................     1545-AX60

[[Page 25969]]

 
2991        Prevention of Abuse of Charitable Remainder Trusts..................................     1545-AX62
2992        Stock Transfer Rules: Supplemental Rules............................................     1545-AX63
2993        Definition of Hyperinflationary Currency for Purposes of Section 988................     1545-AX67
2994        Tiered Structures--ESBTs and ESOPs..................................................     1545-AX71
2995        Applying Section 197 to Partnership Transactions....................................     1545-AX73
2996        Lifetime Charitable Lead Trusts.....................................................     1545-AX74
2997        Obligation of States and Political Subdivisions.....................................     1545-AX87
2998        Electronic Payee Statements.........................................................     1545-AY00
2999        Qualified Zone Academy Bonds........................................................     1545-AY01
3000        Final Regulations on Disclosures to Department of Commerce-Bureau of Census; Section     1545-AY06
            301.6103(j)(1)-1....................................................................
3001        Guidance Under 6302 Regarding the Federal Tax Deposit System (Temporary)............     1545-AY11
3002        Tax Treatment of Cafeteria Plans....................................................     1545-AY23
3003        Application of Separate Foreign Tax Credit Limitations..............................     1545-AY29
3004        6302 De Minimis Threshold (Temporary)...............................................     1545-AY46
3005        Disclosure of Return Information to Officers and Employees of the Department of          1545-AY51
            Commerce for Certain Statistical Purposes and Related Activities (Temporary)........
3006        Stock Transfer Rules: Transition Rules..............................................     1545-AY53
3007        Time For Filing Form 1139 by a Consolidated Group...................................     1545-AY57
3008        Disclosure of Return and Return Information to Designee of Taxpayer.................     1545-AY59
3009        Liabilities Assumed in Certain Corporate Transactions...............................     1545-AY63
3010        Excise Taxes on Excess Benefit Transactions (Temporary).............................     1545-AY64
3011        Withdrawal of Obsolete Proposed Regulations.........................................     1545-AY72
3012        Purchase Price Allocations in Deemed and Actual Asset Acquisitions..................     1545-AY73
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3013        12 CFR 567 Capital Rules............................................................     1550-AB11
3014        12 CFR 545 Types of Offices.........................................................     1550-AB18
3015        12 CFR 545 Directors and Officers...................................................     1550-AB19
3016        12 CFR 545 Nondeposit Investment Products...........................................     1550-AB22
3017        12 CFR 590 Due-On-Sale and Usury Preemption.........................................     1550-AB25
3018        12 CFR 584 Holding Company Activities...............................................     1550-AB29
3019        Fair Credit Reporting...............................................................     1550-AB33
3020        12 CFR 560 Lending and Investment...................................................     1550-AB37
3021        12 CFR 567 Capital: Qualifying Mortgage Loan, Interest Rate Risk Component, and          1550-AB45
            Miscellaneous Changes...............................................................
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3022        12 CFR 563b Mutual Savings Associations, Mutual Holding Company Reorganizations, and     1550-AB24
            Conversions.........................................................................
3023        12 CFR 506 Removal of Liquidity Requirement.........................................     1550-AB42
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3024        12 CFR 516 Application Processing...................................................     1550-AB14
3025        12 CFR 500 Organizational Regulations...............................................     1550-AB30
3026        12 CFR 573 Community Reinvestment Act Disclosure....................................     1550-AB32
3027        12 CFR 536 Insurance Customer Protections...........................................     1550-AB34

[[Page 25970]]

 
3028        12 CFR 568 Interagency Guidelines Establishing Standards for Safeguarding Customer       1550-AB36
            Information and Rescission of Year 2000 Standards for Safety and Soundness..........
3029        12 CFR Part 552 Amendment to Preapproved Bylaws.....................................     1550-AB39
3030        12 CFR 559 Lending and Investment - Miscellaneous Changes...........................     1550-AB40
3031        5 CFR 3101 Supplemental Standards of Ethical Conduct for Employees of the Department     1550-AB43
            of the Treasury.....................................................................
3032        12 CFR 509 Rules of Practice and Procedure for Adjudicatory Proceedings; Civil Money     1550-AB44
            Penalty Inflation Adjustment........................................................
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2576.  SECRETARY'S DETERMINATION OF REAL ESTATE BROKERAGE

Priority: Substantive, Nonsignificant

Legal Authority: 5136A of the Revised Statutes, 12 USC 24a

CFR Citation: 12 CFR 1501.2

Legal Deadline: None

Abstract: The Department of the Treasury and Federal Reserve Board are 
jointly seeking comment on whether to determine by rule that real 
estate brokerage and/or real estate management are financial in nature 
or incidental to a financial activity, and therefore permissible 
activities for financial holding companies and financial subsidiaries 
of national banks under the Gramm-Leach-Bliley Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/03/01                      66 FR 307
NPRM Comment Period End         03/02/01
NPRM Comment Period Extended    05/01/01                    66 FR 12440

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton, Senior Banking Counsel, Office of 
General Counsel, Department of the Treasury, Room 2014, 1500 
Pennsylvania Avenue NW, Washington, DC 20220
Phone: 202 622-1976
Fax: 202 622-1974
Email: [email protected]

RIN: 1505-AA84
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2577. RESOLUTION FUNDING CORPORATION OPERATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1441b; PL 105-216, sec 14(d)

CFR Citation: 12 CFR 1510

Legal Deadline: None

Abstract: This interim final rule revises the regulation governing the 
operations of the Resolution Funding Corporation (Funding Corporation). 
The Funding Corporation is a mixed-ownership government corporation 
which, among other things, pays interest on certain debt obligations 
that it issued to finance resolution of the savings and loan crisis in 
the late 1980s. Congress recently transferred oversight of the Funding 
Corporation to the Secretary of the Treasury and made changes affecting 
how the Funding Corporation funds interest payments. The revisions in 
the interim final rule implement these changes and generally streamline 
the regulation by eliminating provisions that are no longer necessary.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/08/00                    65 FR 12064
Interim Final Rule Effective    03/08/00
Interim Final Rule Comment 
Period End                      04/07/00
Final Rule                      07/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Brandon B. Straus, Attorney Advisor, Department of the 
Treasury, Room 2030, 1500 Pennsylvania Avenue, NW, Washington, DC 20220
Phone: 202 622-1964
Fax: 202 622-1974

RIN: 1505-AA79
_______________________________________________________________________




2578. FINANCIAL ACTIVITIES OF FINANCIAL SUBSIDIARIES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 24a

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This interim rule was issued by the Department of the 
Treasury (Treasury) to implement section 121 of the Gramm-Leach-Bliley 
Act (GLBA), Public Law 106-102, 113 Stat. 1338. Section 121 authorizes 
Treasury, in coordination with the Board of Governors of the Federal 
Reserve System (Board), to determine that activities are financial in 
nature or incidental to activities financial in nature, and therefore 
permissible activities for financial subsidiaries of national banks. 
This rule will discuss activities that are financial in nature and set 
forth the procedures for national banks and other interested

[[Page 25971]]

parties to follow in order to request that Treasury determine whether 
an activity is financial in nature or incidental to a financial 
activity.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/20/00                    65 FR 14819
Interim Final Rule Effective    03/14/00
Interim Final Rule Comment 
Period End                      05/15/00
Final Rule                      07/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton, Senior Banking Counsel, Office of 
General Counsel, Department of the Treasury, Room 2014, 1500 
Pennsylvania Avenue NW, Washington, DC 20220
Phone: 202 622-1976
Fax: 202 622-1974
Email: [email protected]

RIN: 1505-AA80
_______________________________________________________________________




2579. FINANCIAL SUBSIDIARIES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 24a

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This joint rule will be adopted by the Department of the 
Treasury and the Board of Governors of the Federal Reserve System to 
implement section 121 of the Gramm-Leach-Bliley Act. The Rule will 
establish a portion of an indexing mechanism to adjust the maximum 
aggregate consolidated assets of all financial subsidiaries of a 
national bank permitted under the Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton, Senior Banking Counsel, Office of 
General Counsel, Department of the Treasury, Room 2014, 1500 
Pennsylvania Avenue NW, Washington, DC 20220
Phone: 202 622-1976
Fax: 202 622-1974
Email: [email protected]

RIN: 1505-AA81
_______________________________________________________________________




2580. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 78o-5(b)(1)(A); 15 USC 78o-5(b)(4); 15 USC 78o-
5(b)(5)(B); 31 USC 3121; 31 USC 9110

CFR Citation: 17 CFR 450

Legal Deadline: None

Abstract: The rule amends the regulations issued under the Government 
Securities Act of 1986 (GSA). Section 208 of the Gramm-Leach-Bliley Act 
amended the definition of the term ``Government Securities'' in the 
Securities Exchange Act of 1934 to include as applied to a bank, 
qualified Canadian government obligations. The rule would make a 
technical amendment to the GSA regulations to conform to this change in 
definition.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/26/01                    66 FR 11548
NPRM Comment Period End         03/28/01
Final Rule                      05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lee Grandy, Associate Director, Department of the 
Treasury, Bureau of the Public Debt, Room 315, 999 E Street NW., 
Washington, DC 20239-0001
Phone: 202 691-3632
Email: [email protected]

Deidere Brewer, Government Securities Specialist, Department of the 
Treasury, Bureau of the Public Debt, Room 315, Government Securities 
Regulations Staff, 999 E Street NW., Washington, DC 20239-0001
Phone: 202 691-3632

RIN: 1505-AA82
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Departmental Offices (DO)



_______________________________________________________________________




2581. POSSIBLE REGULATION OF ACCESS TO ACCOUNTS AT FINANCIAL 
INSTITUTIONS THROUGH PAYMENT SERVICE PROVIDERS

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

CFR Citation: 31 CFR ch II

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Roger Bezdek
Phone: 202 622-1807

RIN: 1505-AA74
_______________________________________________________________________




2582.  SECRETARY'S DETERMINATION OF OTHER ACTIVITIES FINANCIAL 
IN NATURE

Priority: Substantive, Nonsignificant

Legal Authority: 5136A of the Revised Statutes, 12 USC 24a

CFR Citation: 12 CFR 1501.2

Legal Deadline: None

Abstract: The Department of the Treasury and Federal Reserve Board are 
jointly soliciting comment on interim rules that would implement 
provisions of the Gramm-Leach-Bliley Act by finding three general types 
of activities to be financial in nature or incidental to a financial 
activity, and creating a mechanism by which financial holding companies 
and national banks may request that either agency define particular 
activities to fall within one of the three categories.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/02/01                      66 FR 257
Interim Final Rule Effective    01/02/01

[[Page 25972]]

Interim Final Rule Comment 
Period End                      02/02/01


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton, Senior Banking Counsel, Office of 
General Counsel, Department of the Treasury, Room 2014, 1500 
Pennsylvania Avenue NW, Washington, DC 20220
Phone: 202 622-1976
Fax: 202 622-1974
Email: [email protected]

RIN: 1505-AA85
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Departmental Offices (DO)



_______________________________________________________________________




2583. COMPARABLE REQUIREMENT FOR NATIONAL BANKS AMONG THE SECOND FIFTY 
LARGEST INSURED NATIONAL BANKS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1501

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      02/02/01                     66 FR 8748
Final Rule Effective            03/05/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: [email protected]

RIN: 1505-AA77
_______________________________________________________________________




2584. MERCHANT BANKING

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1500

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      01/31/01                     66 FR 8465
Final Rule Effective            02/15/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: [email protected]

RIN: 1505-AA78
BILLING CODE 4810-25-S
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2585. 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                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, Suite 200, 2070 Chain 
Bridge Road, Vienna, VA 22182
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA21
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2586. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING 
OF CROSS-BORDER TRANSPORTATION OF CERTAIN MONETARY INSTRUMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/97                     62 FR 3249
NPRM Comment Period End         04/22/97
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, Suite 200, 2070 Chain 
Bridge Road, Vienna, VA 22182
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA15
_______________________________________________________________________




2587. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SUSPICIOUS 
ACTIVITY REPORTING--CASINOS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(g)

[[Page 25973]]

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 Rule                      12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, Suite 200, 2070 Chain 
Bridge Road, Vienna, VA 22182
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA22
_______________________________________________________________________




2588. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--EXEMPTIONS FROM THE 
REQUIREMENT TO REPORT TRANSACTIONS IN CURRENCY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5330

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This document contains an interim rule that further reforms 
and simplifies the process by which depository institutions may exempt 
transactions of retail and other businesses from the requirement to 
report transactions in currency in excess of $10,000. The interim rule 
is part of a continuing program to reduce unnecessary burdens upon 
financial institutions complying with the Bank Secrecy Act and increase 
the cost-effectiveness of the counter-money laundering policies of the 
Department of the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/28/00                    65 FR 46356
Interim Final Rule Effective    07/31/00
Interim Final Rule Comment 
Period End                      09/26/00
Final Rule                      06/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen R. Kroll, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, Suite 200, 2070 Chain 
Bridge Road, Vienna, VA 22182
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA23
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2589. 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
Fax: 703 905-3735

RIN: 1506-AA08
_______________________________________________________________________




2590. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SPECIAL REPORTING 
AND RECORDKEEPING REQUIREMENTS--MONEY SERVICES BUSINESSES (MSBS)

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/21/97                    62 FR 27909
NPRM Comment Period End         09/30/97
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Stephen R. Kroll
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA19
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2591. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       02/23/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Stephen R. Kroll
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA05
BILLING CODE 4820-02-S

[[Page 25974]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2592. CLAIMS ON ACCOUNT OF TREASURY CHECKS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 245

Legal Deadline: None

Abstract: 31 CFR part 245 governs the issuance of replacement checks 
for checks drawn on the United States Treasury when: 1) the original 
check has been lost, stolen, destroyed or mutilated or defaced to such 
an extent that it is rendered non-negotiable; 2) the original check has 
been negotiated and paid on a forged or unauthorized indorsement; and 
3) the original check has been cancelled pursuant to 31 CFR part 240. 
The regulation is being revised to update the regulation's definitions 
to make them consistent with the language of the proposed revisions to 
the definitions in 31 CFR part 240. Other revisions will govern the use 
of the Check Forgery Insurance Fund (Fund). The Fund is a revolving 
fund established to settle payee claims of non-receipt where the 
original check has been fraudulently negotiated. The Fund ensures that 
innocent payees, whose Treasury checks have been fraudulently cashed, 
receive replacement checks in a timely manner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Ella White, Customer Liaison Specialist, Department of 
the Treasury, Financial Management Service, Room 8D25, 3700 East-West 
Highway, Hyattsville, MD 20782
Phone: 202 874-8445

RIN: 1510-AA51
_______________________________________________________________________




2593. PUBLIC DISSEMINATION OF IDENTITY OF DELINQUENT DEBTORS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 321; 31 USC 3720E

CFR Citation: 31 CFR 285.14

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131

RIN: 1510-AA72
_______________________________________________________________________




2594. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM

Priority: Other Significant

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 90; 12 USC 265; 12 USC 266; 12 USC 321; 12 USC 
323; 12 USC 332; 12 USC 391; 12 USC 1452(d); 12 USC 1464(k); 12 USC 
1767; 12 USC 1789(a); 12 USC 2013; 12 USC 2122; 12 USC 3102; 12 USC 
6302; 31 USC 3301 to 3304

CFR Citation: 31 CFR 203

Legal Deadline: None

Abstract: This first rule proposes to change the Treasury Tax and Loan 
(TT&L) interest rate from the Federal funds rate, less 25 basis points, 
to a rate based on the overnight repurchase agreement rate. The 
prevailing overnight rate in the repurchase market has closely tracked 
the Federal funds rate on average during the last two years. Based on 
these statistics, using the overnight repurchase agreement rate would 
compensate the Treasury adequately for the use of the TT&L note 
balances on a basis which is similar to the market interest rate for 
collateralized lending. The second rule includes general revisions 
which will provide needed updates to support operational changes to the 
system used for the collection of corporate withholding taxes and the 
investment of the Government's excess operating funds; streamline the 
regulation by converting to the plain language standard; and 
incorporate other needed updates.

Timetable:
________________________________________________________________________

General Revisions  NPRM 05/00/01  Final Action 12/00/01

Treasury Tax and Loan Rate of Interest  NPRM 07/30/99 (64 FR 
41747)  NPRM Comment Period End 09/28/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1510-AA79
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2595. RULES AND PROCEDURES FOR EFFICIENT FEDERAL-STATE FUNDS TRANSFERS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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.

[[Page 25975]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/12/00                    65 FR 60796
Final Action                    06/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Federal

Federalism:  This action may have federalism implications as defined in 
EO 13132.

Agency Contact: Sally Phillips, Financial Program Specialist, Cash 
Management Policy & Planning Division, Department of the Treasury, 
Financial Management Service, Room 403, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-7106

RIN: 1510-AA38
_______________________________________________________________________




2596. INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE UNITED STATES 
TREASURY

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 12 USC 391; 31 USC 321; 31 USC 3327; 31 USC 
3328; 31 USC 3331; 31 USC 3334; 31 USC 3343; 31 USC 3702; 31 USC 3702 
note; 31 USC 3711; 31 USC 3712; 31 USC 3716; 31 USC 3717; 318 US 363 
(1943); 332 US 234 (1947)

CFR Citation: 31 CFR 240

Legal Deadline: None

Abstract: Notice of proposed rulemaking II (NPRM II) was a reissuance 
of NPRM I published on 9/21/95, which 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. NPRM I also 
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. In addition to the revisions 
proposed in NPRM I, NPRM II announced 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 Interim Final Rule will 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. NPRM III is a reissuance of NPRM II and will 
address, at a minimum, the issues in NPRMs I and II.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM I                          09/21/95                    60 FR 48940
NPRM Comment Period End         11/06/95
NPRM II                         05/30/97                    62 FR 29314
Interim Final Rule              04/00/01
NPRM III                        09/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Lester Smalls, Manager, Reclamation Branch, Department 
of the Treasury, Financial Management Service, Room 700D, 3700 East-
West Highway, Hyattsville, MD 20782
Phone: 202 874-7770
Email: [email protected]

RIN: 1510-AA45
_______________________________________________________________________




2597. PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS

Priority: Substantive, Nonsignificant

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

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                    04/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Wanda Rogers, Director, Financial Accounting and 
Services Division, Department of the Treasury, Financial Management 
Service, Room 620D, 3700 East-West Highway, Hyattsville, MD 20782
Phone: 202 874-8380
Email: [email protected]

RIN: 1510-AA52
_______________________________________________________________________




2598. 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 321; 31 USC 3716

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

________________________________________________________________________

Interim Final Rule              09/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131

RIN: 1510-AA65
_______________________________________________________________________




2599. SALARY OFFSET

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 5514

CFR Citation: 31 CFR 285.7

Legal Deadline: None

[[Page 25976]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/28/98                    63 FR 23353
Final Action                    09/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131

RIN: 1510-AA70
_______________________________________________________________________




2600. OFFSET OF TAX REFUND PAYMENT TO COLLECT STATE INCOME TAX 
OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6402(e)

CFR Citation: 31 CFR 285.8

Legal Deadline: None

Abstract: This rule governs the offset of Federal tax refund payments 
to collect delinquent State income taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/20/99                    64 FR 71233
Interim Final Rule              12/20/99                    64 FR 71227
Final Action                    06/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State, Federal

Federalism:  Undetermined

Agency Contact: Dean Balamaci, Director, Business and Agency Liaison 
Division, Department of the Treasury, Financial Management Service
Phone: 202 874-6660

RIN: 1510-AA78
_______________________________________________________________________




2601. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARINGHOUSE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 5525; 12 USC 391; 31 USC 321; 31 USC 3301; 31 
USC 3302; 31 USC 3321; 31 USC 3332; 31 USC 3335; 31 USC 3720

CFR Citation: 31 CFR 210

Legal Deadline: None

Abstract: One 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 
updating the incorporation of certain industry rules into Federal law 
for the year 2001. The second revision will provide needed updates to 
support movement of ACH transactions on the Internet for Federal 
collections, and the use of check truncation and check conversion in 
Federal collections.

Timetable:
________________________________________________________________________

2001 ACH Rules  Interim Final Rule 02/16/01 (66 FR 10578)

Check Conversion and Internet Transactions  NPRM 04/12/01 (66 FR 
18888)  Final Action 10/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

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

RIN: 1510-AA81
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Financial Management Service (FMS)



_______________________________________________________________________




2602. FOREIGN EXCHANGE OPERATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 281

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/96                     61 FR 2750
NPRM Comment Period End         02/28/96


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Maria Guido
Phone: 202 874-8943
Email: [email protected]

RIN: 1510-AA48
_______________________________________________________________________




2603. 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

Federalism:  Undetermined

Agency Contact: Gerry Isenberg
Phone: 202 874-7131

RIN: 1510-AA66

[[Page 25977]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Financial Management Service (FMS)



_______________________________________________________________________




2604. FEDERAL CLAIMS COLLECTION STANDARDS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 900 to 904

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/22/00                    65 FR 70390

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-7131

RIN: 1510-AA57
_______________________________________________________________________




2605. OFFSET OF TAX REFUND PAYMENTS TO COLLECT STATE INCOME TAX 
OBLIGATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.8

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Merged With RIN 1510-AA78       03/09/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Federal

Federalism:  Undetermined

Agency Contact: Dean Balamaci
Phone: 202 874-6660

RIN: 1510-AA82
_______________________________________________________________________




2606. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 203

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Merged With RIN 1510-AA79       03/09/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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

RIN: 1510-AA83
_______________________________________________________________________




2607. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARINGHOUSE

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 210

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Merged With RIN 1510-AA81       03/09/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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

RIN: 1510-AA84
BILLING CODE 4810-35-S
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2608. ALCOHOL BEVERAGE HEALTH WARNING STATEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205, 215

CFR Citation: 27 CFR 16

Legal Deadline: None

Abstract: ATF is considering amending the regulations concerning the 
placement, legibility and noticeability of the congressionally mandated 
health warning statement required to appear on the labels of all 
containers of alcohol beverages. Based on a petition we have received, 
we wish to gather information by inviting comments from the public and 
industry as to whether the existing regulations should be revised.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/00/01

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: 202 927-8210

RIN: 1512-AC12
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2609. EXPORTATION OF LIQUORS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 252

Legal Deadline: None

Abstract: ATF proposes the recodification of 27 CFR part 252 to part 28 
to eliminate obsolete or unnecessary rules and forms and streamline 
export processing, while providing adequate protection for the revenue.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

[[Page 25978]]

ANPRM Comment Period End        12/10/96
NPRM                            11/00/01

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
Email: [email protected]

William Foster, Program Manager, Department of the Treasury, Bureau of 
Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8210

RIN: 1512-AA98
_______________________________________________________________________




2610. ALCOHOLIC CONTENT LABELING FOR MALT BEVERAGES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 7

Legal Deadline: None

Abstract: An October 28, 1992 decision in the U.S. District Court for 
the District of Colorado held that the Federal Alcohol Administration 
Act prohibition against the statement of alcoholic content on malt 
beverage labels is unconstitutional under the First Amendment. ATF 
issued an interim rule on April 19, 1993, which permits the optional 
labeling of malt beverages with their alcoholic content. The Supreme 
Court heard oral arguments in the appeal of this court decision on 
November 30, 1994. The Supreme Court decided this case on April 19, 
1995, in favor of Coors, and unanimously found the FAA Act prohibition 
against labeling malt beverages with their alcohol content 
unconstitutional. ATF will issue an NPRM on the subject of malt 
beverage labeling to request information on tolerances, type size, 
placement, and whether such an alcoholic content labeling requirement 
should be mandatory.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/19/93                    58 FR 21233
Interim Final Rule              04/19/93                    58 FR 21228
NPRM Comment Period End         07/19/93
NPRM Comment Period Extended    07/19/93                    58 FR 38543
NPRM Comment Period Extended End09/17/93
NPRM                            09/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William Foster, Program Manager, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226
Phone: 202 927-8210

RIN: 1512-AB17
_______________________________________________________________________




2611. REVISION OF BREWERY REGULATIONS AND ISSUANCE OF REGULATIONS FOR 
TAVERNS ON BREWERY PREMISES (BREWPUBS)

Priority: Other Significant

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 the 
reduced rate of tax will be eliminated. Separate regulations for 
brewpubs will be added to part 25. A section will be added to part 25 
to authorize and regulate the alternating use of brewery premises by 
different brewers. Regulations authorizing the operation of brew-on-
premises facilities will be added to part 25.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/01

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: William Foster, Program Manager, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226
Phone: 202 927-8210

RIN: 1512-AB37
_______________________________________________________________________




2612. 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; 27 CFR 5; 27 CFR 7

Legal Deadline: None

Abstract: 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 (nonalcohol) food products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/09/99                     64 FR 6486
NPRM Comment Period End         04/12/99
Revised NPRM                    06/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William Foster, Program Manager, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226
Phone: 202 927-8210

RIN: 1512-AB89
_______________________________________________________________________




2613. AMENDED STANDARD OF IDENTITY FOR SHERRY

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: ATF is considering a petition to allow certain types of wine 
to be labeled as ``sherry'' rather than ``light sherry.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/01

[[Page 25979]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
Email: [email protected]

RIN: 1512-AB96
_______________________________________________________________________




2614. PROCESSES AUTHORIZED FOR THE TREATMENT OF WINE, JUICE AND 
DISTILLING MATERIAL.

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5381; 26 USC 5382; 26 USC 5385; 26 USC 5386; 26 
USC 5387

CFR Citation: 27 CFR 24

Legal Deadline: None

Abstract: ATF will issue a notice of proposed rulemaking proposing to 
add the addition of grape skin extract to the list of processes 
authorized for the treatment of wine, juice and distilling material.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, 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-AC05
_______________________________________________________________________




2615.  PETITION TO RECOGNIZE COUNOISE AND ST. LAURENT AS NEW 
GRAPE VARIETIES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: ATF has received two petitions proposing to add two new 
names, ``Counoise'' and ``St. Laurent'', to the list of prime grape 
variety names for use in designating American wines.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 111 W. Huron Street, 
Room 219, Buffalo, NY 14202-2301
Phone: 716 551-4048

RIN: 1512-AC26
_______________________________________________________________________




2616.  RECODIFICATION OF PART 251

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 81(c); 19 USC 1202; 26 USC 5001; 26 USC 5007; 
26 USC 5008; 26 USC 5041; 26 USC 5051; 26 USC 5054; 26 USC 5061; 26 USC 
5111; 26 USC 5112; 26 USC 5114; 26 USC 5121; 26 USC 5122; 26 USC 5124; 
26 USC 5201; 26 USC 5205; 26 USC 5207; 26 USC 5232; 26 USC 5273; 26 USC 
5301; 26 USC 5313; 26 USC 5355; 26 USC 6302; 26 USC 7805; 27 USC 203; 
27 USC 205; 27 USC 206; 27 USC 215; ...

CFR Citation: 27 CFR 251

Legal Deadline: None

Abstract: Part 251 will be updated and recodified. It will be reissued 
as 27 CFR part 27.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/05/96                    61 FR 40568
Second NPRM                     09/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 111 W. Huron Street, 
Room 219, Buffalo, NY 14202-2301
Phone: 716 551-4048

RIN: 1512-AC27
_______________________________________________________________________




2617.  ALBARINO, BLACK CORINTH AND FIANO GRAPE VARIETIES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: ATF has received petitions proposing to add the Albarino, 
Black Corinth and Fiano grapes to the list of prime grape variety names 
for use in designating American wines.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 111 W. Huron Street, 
Room 219, Buffalo, NY 14202-2301
Phone: 716 551-4048

RIN: 1512-AC29



_______________________________________________________________________



EXPLOSIVES


                    ________________________________



2618.  IDENTIFICATION MARKINGS PLACED ON EXPLOSIVE MATERIALS

Priority: Substantive, Nonsignificant

Legal Authority: 18 USC 847

CFR Citation: 27 CFR 55

Legal Deadline: None

Abstract: ATF is considering amending the regulations to require 
licensed importers to legibly identify by marking all imported 
explosive materials. Based on a petition we have received, we wish to 
gather information by inviting comments from the public and industry 
whether the regulations should be amended.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/03/00                    65 FR 67669
ANPRM Comment Period End        01/12/01
NPRM                            07/00/01

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: 202 927-8210

RIN: 1512-AC25

[[Page 25980]]

_______________________________________________________________________




2619.  COMMERCE IN EXPLOSIVES-SPORT ROCKET MOTORS

Priority: Substantive, Nonsignificant

Legal Authority: 18 USC 847

CFR Citation: 27 CFR 55

Legal Deadline: None

Abstract: ATF is amending the regulations to clarify which explosives 
are not subject to ATF importation, distribution, and storage 
requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/01
Interim Final Rule              06/00/01

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: 202 927-8210

RIN: 1512-AC30



_______________________________________________________________________



FIREARMS


                    ________________________________



2620. COMMERCE IN EXPLOSIVES (INCLUDING EXPLOSIVES IN THE FIREWORKS 
INDUSTRY)

Priority: Other Significant

Legal Authority: 5 USC 552(a); 31 USC 9303 to 9304; 40 USC 304(k); 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

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 2001.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

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: 202 927-8210

RIN: 1512-AB48
_______________________________________________________________________




2621. 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 will issue 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 18 U.S.C. 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                            06/00/01

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: 202 927-8210

RIN: 1512-AB73
_______________________________________________________________________




2622. IMPLEMENTATION OF PUBLIC LAW 105-277, MAKING OMNIBUS CONSOLIDATED 
AND EMERG. 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: ATF will amend 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                            07/00/01
Interim Final Rule              07/00/01

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: 202 927-8210

RIN: 1512-AB83
_______________________________________________________________________




2623. PUBLIC LAW 105-277, MAKING OMNIBUS CONSOLIDATED AND EMERGENCY 
SUPPLEMENTAL APPROPRIATIONS FOR FY99, RELATING TO FIREARMS DISABILITIES 
FOR NONIMMIGRANT ALIENS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 552(a); 18 USC 847; 18 USC 921 to 930; 44 USC 
3504(h)

[[Page 25981]]

CFR Citation: 27 CFR 178

Legal Deadline: None

Abstract: ATF will issue a temporary rule amending the regulations to 
implement the provisions of Public Law 105-277, Making Omnibus 
Consolidated and Emergency Supplemental Appropriations for Fiscal Year 
1999. The regulations implement the law by prohibiting, with certain 
exceptions, the transfer to and possession of firearms by aliens 
admitted to the United States under a nonimmigrant visa. Regulations 
are also prescribed with regard to applicants for dealer's licenses to 
certify that secure gun storage or safety devices will be available at 
any place where firearms are sold to nonlicensed individuals, and an 
amended definition of ``antique firearm'' to include certain muzzle 
loading firearms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/01
Interim Final Rule              06/00/01

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: 202 927-8210

RIN: 1512-AB93



_______________________________________________________________________



PROCEDURAL


                    ________________________________



2624. DELEGATION OF AUTHORITY IN PART 70

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 70

Legal Deadline: None

Abstract: This final rule places most ATF authorities contained in 27 
CFR 70 with the ``appropriate ATF officer,'' and requires that persons 
file documents required by part 70 with the ``appropriate ATF 
officer,'' or in accordance with the instructions on the ATF form.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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

RIN: 1512-AC19
_______________________________________________________________________




2625. DELEGATION OF AUTHORITY IN 27 CFR PART 13

Priority: Info./Admin./Other

Legal Authority: 27 USC 205(e); 26 USC 5301; 26 USC 7805

CFR Citation: 27 CFR 13

Legal Deadline: None

Abstract: This final rule places all ATF authorities contained in 27 
CFR 13 with the ``appropriate ATF officer,'' and requires that persons 
file documents required by part 13 with the ``appropriate ATF 
officer,'' or in accordance with the instructions on the ATF form. This 
final rule removes the definitions to specific officers subordinate to 
the Director. This rule also adds a new section 13.20 about ATF forms 
and makes a typographical amendment clarifying section 13.72(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa Marie Gesser, 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-AC21



_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2626. PROHIBITED MARKS ON PACKAGES OF TOBACCO PRODUCTS AND CIGARETTE 
PAPERS AND TUBES IMPORTED OR BROUGHT INTO THE UNITED STATES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 5723

CFR Citation: 27 CFR 275

Legal Deadline: None

Abstract: This notice proposes a new rule that will prohibit any mark 
on packages of tobacco products and cigarette papers and tubes imported 
or brought into the United States (U.S.) indicating that U.S. tax has 
not been paid or that the product is not intended for sale or use in 
the U.S. Because current regulations only prohibit a marking on such 
packages that state or indicate that U.S. tax has been paid, U.S. tax-
exempt and prohibiting sale or use in the U.S. packages of such 
products are being imported or brought into the U.S. ATF and U.S. 
Customs Service have encountered problems with these packages when 
ensuring that Federal excise tax has been paid and enforcing the 
provisions of section 5761(c) of the Internal Revenue Code of 1986 
(title 26 of the United States Code). The proposed regulations will 
minimize the problems associated with such markings on tobacco products 
and cigarette papers and tubes imported or brought into the United 
States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

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

RIN: 1512-AC14
_______________________________________________________________________




2627. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 5701 and 5702

CFR Citation: 27 CFR 270; 27 CFR 275

Legal Deadline: None

Abstract: This notice incorporates the parts of ATF Industry Circular 
91-3, dated March 19, 1991, entitled ``Large Cigar Taxes On and After 
January, 1991'' that have not been placed in the regulations. ATF 
Industry Circular 91-3 addressed questions about

[[Page 25982]]

determining the amount of tax for a large cigars based on their sale 
price. In addition, this notice proposes: 1) to give guidance on tax 
adjustments for large cigars provided at no cost in connection with a 
sale; and 2) recordkeeping requirements for persons in Puerto Rico, who 
bring large cigars upon prepayment or deferred payment of tax into the 
United States from Puerto Rico.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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

RIN: 1512-AC22
_______________________________________________________________________




2628. TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES SHIPPED FROM 
PUERTO RICO TO THE UNITED STATES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 5701; 27 USC 7652

CFR Citation: 27 CFR 275

Legal Deadline: None

Abstract: This temporary rule eliminates ATF onsite supervision of 
tobacco products and cigarette papers and tubes of Puerto Rican 
manufacture that are shipped from Puerto Rico to the United States and 
related ATF forms. Specifically, this temporary rule eliminates the 
requirements: 1) that persons who ship such articles notify ATF prior 
to the shipment; and 2) that an ATF officer inspects, certifies that 
the amount of tax on such articles has been calculated correctly for, 
and releases, each shipment. Consequently, four ATF forms are 
eliminated. However, this rule requires that persons who ship such 
articles maintain records so that the amount of tax is calculated and 
recorded for ATF audit and examination. Also, this temporary rule 
revises certain sections to simplify and clarify and corrects a few 
errors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/01                    66 FR 13864
NPRM Comment Period End         05/07/01
Interim Final Rule              03/08/01                    66 FR 13849
Final Action                    10/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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

RIN: 1512-AC24
_______________________________________________________________________




2629.  ELIMINATION OF APPLICATION TO REMOVE TOBACCO PRODUCTS 
FROM MANUFACTURER'S PREMISES FOR EXPERIMENTAL PURPOSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5704

CFR Citation: 27 CFR 270

Legal Deadline: None

Abstract: This rule eliminates the requirements that manufacturers of 
tobacco products apply to ATF to remove tobacco products from their 
factories in bond for experimental purposes and maintain the approved 
applications for their records.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/01
Interim Final Rule              06/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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

RIN: 1512-AC32
_______________________________________________________________________




2630.  ELIMINATION OF STATISTICAL CLASSES FOR LARGE CIGARS

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: 27 CFR 270

Legal Deadline: None

Abstract: This notice proposes to revise reporting categories in 
regulations to reflect industry practice.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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

RIN: 1512-AC33
_______________________________________________________________________




2631.  IMPLEMENTATION OF PUBLIC LAW 106-476, SECTIONS 4002 AND 
4003, RELATING TO TOBACCO IMPORTATION RESTRICTIONS, MARKINGS, 
REPACKAGING AND DESTRUCTION OF FORFEITED TOBACCO PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5704(d); 26 USC 5754; 26 USC 5761(c); PL 106-
476; PL 106-554

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

Legal Deadline: None

Abstract: Sections 4002 and 4003 of the Tariff Suspension and Trade Act 
of 2000, which included the Imported Cigarette Compliance Act of 2000, 
revised Title 26 U.S.C., the Internal Revenue Code of 1986 (IRC). These 
revisions: 1) require that tobacco products and cigarette papers and 
tubes manufactured in the United States and labeled for exportation can 
only be re-imported by the original manufacturer, or by an export 
warehouse authorized to do so by the original manufacturer; 2) provide 
that articles may not be sold or held for sale for domestic consumption 
in the United States unless they are removed from their export 
packaging and repackaged by the original manufacturer into new 
packaging that does not contain an export label; and 3) require the 
destruction of tobacco products forfeited under section 5761(c). These 
new provisions of the law are effective February 7, 2001.

[[Page 25983]]

The Consolidated Appropriations Act 2001, also revised the IRC by 
allowing travelers to bring personal-use quantities of tobacco products 
into the United States (up to the quantity allowed entry free of tax 
and duty under the Harmonized Tariff Schedule of the United States). 
This provision of the law was made retroactive to January 1, 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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-AC35
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2632. 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:
________________________________________________________________________

Applegate Valley, OR  NPRM 05/06/99 (64 FR 24308)  NPRM Comment Period 
End 07/06/99  Final Action 12/14/00 (65 FR 78096)

Buena Vista Lake, CA (contact Nancy Sutton)  NPRM 06/00/01

California Coast, CA (contact Tom Busey)  NPRM 09/26/00 (65 FR 57763)

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

Diamond Mountain, CA (contact Jennifer Berry)  NPRM 09/29/99 (64 FR 
52483)  NPRM Comment Period End 01/28/00  Final Action 06/00/01

Fair Play (contact Lisa Gesser)  NPRM 07/25/00 (65 FR 45739)  NPRM 
Comment Period End 09/23/00  Final Action Completed by TD 02/26/01 (66 
FR 11537)  Final Action Effective 04/27/01

Long Island (contact Lisa Gesser)  NPRM 11/06/00 (65 FR 66518)  Final 
Action 06/00/01

Oak Knoll District, CA (contact Joyce Drake)  NPRM 06/00/01

Red Mountain, CA (contact Jennifer Berry)  NPRM 05/19/00 (65 FR 
31853)  Final Action 06/00/01

River Junction, CA (contact Tim DeVanney)  NPRM 08/10/00 (65 FR 
48953)  Final Action 06/00/01

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)  Final Action 01/20/99 (64 FR 3015)

Santa Rita Hills, CA (contact Joyce Drake)  NPRM 09/11/98 (63 FR 
48658)  Comment Period End 12/10/98  Final Rule 06/00/01

West Elks (contact Lisa Gesser)  NPRM 10/16/00 (65 FR 61129)  Final 
Action Completed by TD 03/06/01 (66 FR 13429)  Final Action Effective 
05/07/01

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 Supplemental 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

RIN: 1512-AA07
_______________________________________________________________________




2633. LABELING OF UNAGED GRAPE BRANDY

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 5

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 30015
NPRM Comment Period End         09/11/96
Final Action                    07/00/01

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: 202 927-8210

RIN: 1512-AB46
_______________________________________________________________________




2634. DISTRIBUTION AND USE OF TAX-FREE ALCOHOL

Priority: Substantive, Nonsignificant

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 30019
NPRM Comment Period End         08/12/96
Final Action                    05/00/01

[[Page 25984]]

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

RIN: 1512-AB51
_______________________________________________________________________




2635. DISTILLED SPIRITS PLANT REGULATORY INITIATIVE PROPOSAL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 19.11; 27 CFR 19.1003; 27 CFR 19.1010; 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

Legal Deadline: None

Abstract: ATF proposes 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                    06/00/01

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

RIN: 1512-AB58
_______________________________________________________________________




2636. PRODUCTION OF VOLATILE FRUIT FLAVORED CONCENTRATE

Priority: Substantive, Nonsignificant

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

CFR Citation: 27 CFR 18.56

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/96                    61 FR 30017
NPRM Comment Period End         08/12/96
Final Action                    06/00/01

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

RIN: 1512-AB59
_______________________________________________________________________




2637. 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 change in the 
law that allows certain transferees in bond to deduct the tax credit 
for small wine producers. Changes to bond calculations 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                    12/00/01

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
Email: [email protected]

RIN: 1512-AB65
_______________________________________________________________________




2638. IMPLEMENTATION OF PUBLIC LAW 105-34, SECTION 1416 RELATING TO 
REFUND OF TAX FOR DOMESTIC WINE RETURNED TO BOND REGARDLESS OF 
MERCHANTABILITY (TAXPAYER RELIEF ACT OF 1997)

Priority: Substantive, Nonsignificant

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

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

Legal Deadline: None

Abstract: ATF is issuing changes to the wine regulations as a result of 
the enactment of the Taxpayer Relief Act of 1997 and the Internal 
Revenue Service Reconstruction and Reform Act of 1998. This amendment 
informs interested parties of changes by these acts that provide for a 
refund of the tax for all wine returned to bond, rather than 
exclusively for unmerchantable or domestic wine returned to bond.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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

RIN: 1512-AB74

[[Page 25985]]

_______________________________________________________________________




2639. IMPLEMENTATION OF PUBLIC LAW 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

________________________________________________________________________

NPRM                            09/16/99                    64 FR 50265
Interim Final Rule              09/16/99                    64 FR 50252
Final Action                    07/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 111 W. Huron Street, 
Room 219, Buffalo, NY 14202-2301
Phone: 716 551-4048

RIN: 1512-AB78
_______________________________________________________________________




2640. HEALTH CLAIMS AND OTHER HEALTH RELATED STATEMENTS IN THE LABELING 
AND ADVERTISING OF ALCOHOL BEVERAGES

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

Legal Authority: 27 USC 205

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

Legal Deadline: None

Abstract: ATF proposes to amend the regulations to prohibit the 
appearance on labels or in advertisements of any statement that makes a 
substantive claim regarding health benefits associated with the 
consumption of alcohol beverages unless such claim is properly 
qualified. This notice also addresses the use of directional health-
related statements and seeks comments on whether the negative 
consequences of alcohol consumption, or abuse disqualify these products 
entirely from entitlement to any health-related statements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/25/99                    64 FR 57413
NPRM Comment Period End         02/22/00
Public Hearing                  02/28/00                    65 FR 10434
Cancellation/ Rescheduling of 
Hearing                         04/25/00                    65 FR 24158
Comment Period Extended         04/25/00
Final Action                    07/00/01

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: 202 927-8210

RIN: 1512-AB97
_______________________________________________________________________




2641.  RECODIFICATION OF PART 170 INTO PART 29

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: 27 CFR 170

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms is recodifying 
the regulations pertaining to stills. The purpose of the recodification 
is to reissue the regulations in part 170 of title 27 of the Code of 
Federal Regulations (27 CFR part 170) as 27 CFR part 29.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa Marie Gesser, 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-AC34



_______________________________________________________________________



FIREARMS


                    ________________________________



2642. 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                    07/00/01

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: 202 927-8210

RIN: 1512-AB64
_______________________________________________________________________




2643. 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

[[Page 25986]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/21/97                    62 FR 19446
Interim Final Rule              04/21/97                    62 FR 19442
NPRM Comment Period End         07/21/97
Final Action                    07/00/01

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: 202 927-8210

RIN: 1512-AB66
_______________________________________________________________________




2644. IDENTIFICATION 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; 27 CFR 179

Legal Deadline: None

Abstract: ATF proposes 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                            06/23/99                    64 FR 33450
NPRM Comment Period End         09/21/99
Final Action                    07/00/01

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: 202 927-8210

RIN: 1512-AB84
_______________________________________________________________________




2645. COMMERCE IN FIREARMS AND AMMUNITION--ANNUAL INVENTORY

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: ATF is proposing to amend the regulations to require 
federally licensed importers, manufacturers, and dealers of firearms to 
take at least one physical inventory each year. The proposed 
regulations also specify the circumstances under which these licensees 
must conduct a special physical inventory. In addition, these proposed 
regulations clarify who is responsible for reporting a firearm that is 
stolen or lost in transit between licensees.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/28/00                    65 FR 52054
Final Action                    07/00/01

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: 202 927-8210

RIN: 1512-AC08



_______________________________________________________________________



PROCEDURAL


                    ________________________________



2646. 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                    06/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy M. Kern, Writer-Editor, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226
Phone: 202 927-8076

RIN: 1512-AB90
_______________________________________________________________________




2647. DELEGATION OF AUTHORITY IN 27 CFR PART 19

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 19

Legal Deadline: None

Abstract: This final rule places most ATF authorities contained in 27 
CFR part 19 with the ``appropriate ATF officer,'' and requires that 
persons file documents with the ``appropriate ATF officer.'' Also, this 
rule removes definitions of, and references to, specific officers 
subordinate to the Director.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert P. Ruhf, Program Manager, Department of the 
Treasury, Bureau of Alcohol, Tobacco

[[Page 25987]]

and Firearms, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 202 927-8210

RIN: 1512-AC06
_______________________________________________________________________




2648. DELEGATION OF AUTHORITY IN 27 CFR PART 53

Priority: Info./Admin./Other

Legal Authority: 26 USC 4181; 26 USC 4182; 26 USC 4216; 26 USC 4219; 26 
USC 4221 to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020; 
26 USC 6021; 26 USC 6061; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 
6101 to 6104; 26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26 
USC 6301 to 6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 
26 USC 7502

CFR Citation: 27 CFR 53

Legal Deadline: None

Abstract: This final rule places all authorities contained in part 53, 
title 27, Code of Federal Regulations (CFR), with the ``appropriate ATF 
officer,'' and requires that persons file documents required by 27 CFR 
part 53 with the ``appropriate ATF officer,'' or in accordance with the 
instructions on the ATF form. This final rule removes definitions of, 
and references to, specific officers and the word ``region.'' It also 
renumbers ATF form 5300.29 to ATF form 5600.28.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa Marie Gesser, 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-AC18
_______________________________________________________________________




2649. DELEGATION OF AUTHORITY IN 27 CFR PART 170

Priority: Info./Admin./Other

Legal Authority: 26 USC 5002; 26 USC 5101; 26 USC 5102; 26 USC 5179; 26 
USC 5291; 26 USC 5601; 26 USC 5615; 26 USC 5687; 26 USC 7805

CFR Citation: 27 CFR 170

Legal Deadline: None

Abstract: This final rule places all ATF authorities contained in part 
170, title 27, Code of Federal Regulations (CFR), with the 
``appropriate ATF officer,'' and requires that persons file documents 
required by part 170 with the ``appropriate ATF officer''. Also, this 
rule removes the definitions of, and references to, specific officers 
subordinate to the Director.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa Marie Gesser, 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-AC23



_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2650. BALANCED BUDGET ACT OF 1997, PUBLIC LAW 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(c); PL 105-33

CFR Citation: 27 CFR 200; 27 CFR 270; 27 CFR 275; 27 CFR 290

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

Abstract: This rule restricts the reimportation of 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. It requires 
mandatory export markings on tobacco products, cigarette papers and 
tubes. Finally, it identifies additional penalties for relanding of 
tobacco products, cigarette papers and tubes, labeled or shipped for 
export.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/22/99                    64 FR 71918
Interim Final Rule Comment 
Period End                      02/22/00
Reopening of Comment Period 
Ended                           04/20/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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-AB81
_______________________________________________________________________




2651. IMPLEMENTATION OF PUBLIC LAW 105-33, SECTION 9302, REQUIRING THE 
QUALIFICATION OF TOBACCO PRODUCT IMPORTERS AND MISCELLANEOUS TECHNICAL 
AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5712; 26 USC 5713

CFR Citation: 27 CFR 275

Legal Deadline: NPRM, Statutory, December 22, 1999.
Final, Statutory, December 22, 1999.

Abstract: These regulations will implement section 9302 provisions of 
Public Law 105-33, requiring permits for businesses engaged in 
importing tobacco products. Also, minor technical amendments have been 
included in this rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/99                    64 FR 71942
Interim Final Rule              12/22/99                    64 FR 71947
Interim Final Rule Effective    01/01/00
Interim Final Rule Comment 
Period End                      02/22/00
Final Action                    05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cliff A. Mullen, Specialist, Department of the 
Treasury,

[[Page 25988]]

Bureau of Alcohol, Tobacco and Firearms, 650 Massaschusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927-8210

RIN: 1512-AC07
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2652. SAKE REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: William Foster
Phone: 202 927-8210

RIN: 1512-AC09
_______________________________________________________________________




2653. FLAVORED MALT BEVERAGES

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: William Foster
Phone: 202 927-8210

RIN: 1512-AC11
_______________________________________________________________________




2654. REMOVAL OF REQUIREMENT TO DISCLOSE SACCHARIN IN THE LABELING OF 
WINE, DISTILLED SPIRITS AND MALT BEVERAGES

Priority: Info./Admin./Other

CFR Citation: 27 CFR 4.32(d); 27 CFR 5.32(b)(6); 27 CFR 7.22(b)(5)

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Email: [email protected]

RIN: 1512-AC17



_______________________________________________________________________



PROCEDURAL


                    ________________________________



2655. RECODIFICATION OF STATEMENT OF PROCEDURAL RULES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 70

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Email: [email protected]

RIN: 1512-AB54
_______________________________________________________________________




2656. PLAIN LANGUAGE IN PART 7

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 7

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William Foster
Phone: 202 927-8210

RIN: 1512-AC10



_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2657. EXPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES, 
WITHOUT PAYMENT OF TAX, OR WITH DRAWBACK OF TAX

Priority: Substantive, Nonsignificant

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
Email: [email protected]

RIN: 1512-AB03
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________




2658. DISTRIBUTION OF DENATURED ALCOHOL AND RUM

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 20

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD    03/02/01                    66 FR 13014
Final Action Effective          05/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210

RIN: 1512-AB57

[[Page 25989]]

_______________________________________________________________________




2659. FORMULAS FOR DENATURED ALCOHOL AND RUM

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 21.3; 27 CFR 21.95 to 21.97; 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD    03/01/01                    66 FR 12853
Final Action Effective          03/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210

RIN: 1512-AB60
_______________________________________________________________________




2660. IMPLEMENTATION OF PUBLIC LAW 105-34, SECTIONS 1421 AND 1422

Priority: Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/25/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Email: [email protected]

RIN: 1512-AB75
_______________________________________________________________________




2661. ALTERATION OF LABELS ON CONTAINERS OF DISTILLED SPIRITS, WINE AND 
BEER

Priority: Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       02/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Daniel J. Hiland
Phone: 202 927-8210

RIN: 1512-AB76
_______________________________________________________________________




2662. NEW GRAPE VARIETAL (DORNFELDER)

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 4.91

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/14/00                    65 FR 78095

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jennifer Berry
Phone: 716 551-4048

RIN: 1512-AC03
_______________________________________________________________________




2663. DELEGATION OF AUTHORITY IN 27 CFR PART 18

Priority: Info./Admin./Other

CFR Citation: 27 CFR 18

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/19/01                     66 FR 5469

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Nancy M. Kern
Phone: 202 927-8076

RIN: 1512-AB99
_______________________________________________________________________




2664. DELEGATION OF AUTHORITY IN 27 CFR PART 47

Priority: Info./Admin./Other

CFR Citation: 27 CFR 47

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/25/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Nancy M. Kern
Phone: 202 927-8076

RIN: 1512-AC04
_______________________________________________________________________




2665. DELEGATION OF AUTHORITY IN PARTS 20, 21 AND 22

Priority: Info./Admin./Other

CFR Citation: 27 CFR 20; 27 CFR 21; 27 CFR 22

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/19/01                     66 FR 5472

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert P. Ruhf
Phone: 202 927-8210

RIN: 1512-AC13
_______________________________________________________________________




2666. TECHNICAL AMENDMENTS TO 27 CFR PARTS 4, 9, 24, 70 AND 275

Priority: Info./Admin./Other

CFR Citation: 27 CFR 4; 27 CFR 9; 27 CFR 24; 27 CFR 70; 27 CFR 275

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/16/00                    65 FR 69252

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Nancy M. Kern
Phone: 202 927-8076

RIN: 1512-AC15
_______________________________________________________________________




2667. DELEGATION OF AUTHORITY IN 27 CFR PART 30

Priority: Info./Admin./Other

CFR Citation: 27 CFR 30

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/19/01                     66 FR 5480

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa Marie Gesser
Phone: 202 927-8210

RIN: 1512-AC16
_______________________________________________________________________




2668. DELEGATION OF AUTHORITY IN PART 25

Priority: Info./Admin./Other

CFR Citation: 27 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/19/01                     66 FR 5477

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert P. Ruhf
Phone: 202 927-8210

RIN: 1512-AC20
BILLING CODE 4810-31-S

[[Page 25990]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2669. UNIFORM RULES OF PRACTICE AND PROCEDURE; REGULATION REVIEW

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 504; 12 USC 1831o; 12 USC 1972; 12 USC 3102; 12 
USC 3108; 12 USC 3909; 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

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                  07/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mitchell Plave, Counsel, 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-AB43
_______________________________________________________________________




2670. DEBT CANCELLATION CONTRACTS AND DEBT SUSPENSION AGREEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 24(Seventh)

CFR Citation: 12 CFR 37

Legal Deadline: None

Abstract: The OCC plans to issue a notice of proposed rulemaking 
governing the offering of debt cancellation contracts and debt 
suspension agreements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           01/26/00                     65 FR 4176
ANPRM Comment Period End        03/27/00
NPRM                            04/18/01                    66 FR 19901
NPRM Comment Period End         06/18/01
Final Rule                      07/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1557-AB75
_______________________________________________________________________




2671. BANK ACTIVITIES AND OPERATIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 7.1002; 12 CFR 7.5000 to 7.5010

Legal Deadline: None

Abstract: The notice of proposed rulemaking would make changes or 
additions to 12 CFR part 7 arising from national bank involvement in 
new technologies, including amendments relating to finder and 
electronic banking activities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/02/00                     65 FR 4895
ANPRM Comment Period End        04/03/00
NPRM                            04/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas, 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-AB76
_______________________________________________________________________




2672. FAIR CREDIT REPORTING REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 15 USC 1681s; PL 106-102, sec 506

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The rule will address the sharing of transactional, 
experiential, and other consumer information among persons related by 
common ownership or affiliated by corporate control. Such sharing of 
this information constitutes an exclusion from the definition of 
``consumer report'' under section 603(d) of the Fair Credit Reporting 
Act (15 U.S.C. 1681a(d)).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/20/00                    65 FR 63120
NPRM Comment Period End         12/04/00
Second NPRM                     12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Deborah Katz, Senior Counsel, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Divison, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB78
_______________________________________________________________________




2673. FIDUCIARY ACTIVITIES OF NATIONAL BANKS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq.; 12 USC 24 (Seventh); 12 USC 24a; 12 
USC 92; 12 USC 92a(b); 12 USC 93a; 15 USC 78q; 15 USC 78q-1; 15 USC 78w

CFR Citation: 12 CFR 5; 12 CFR 9

Legal Deadline: None

Abstract: The OCC has issued a notice of proposed rulemaking (NPRM) and 
advance notice of proposed rulemaking (ANPRM) that would amend 12 CFR 
part 9. The NPRM codifies OCC interpretations on national bank multi-
state trust operations. The ANPRM solicits comments on the standards of 
care generally applicable to the exercise of national bank fiduciary 
powers authorized by 12 U.S.C. 92a and part 9.

[[Page 25991]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM/NPRM                      12/05/00                    65 FR 75872
ANPRM/NPRM Comment Period End   02/05/01
Final Rule                      05/00/01
NPRM                            07/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State

Federalism:  This action may have federalism implications as defined in 
EO 13132.

Agency Contact: Andra Shuster, Counsel, Department of the Treasury, 
Comptroller of the Currency
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB79
_______________________________________________________________________




2674. NOTICE OF EXEMPT PRIVACY ACT SYSTEMS OF RECORDS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 321; 5 USC 552; 5 USC 552a

CFR Citation: 31 CFR 1

Legal Deadline: None

Abstract: The OCC, with the concurrence of the Department of the 
Treasury, is issuing a notice of proposed rulemaking to amend the 
Treasury Regulation that sets forth the systems of records maintained 
by Treasury Department agencies and bureaus that are exempt from 
certain provisions of the Privacy Act of 1974. The OCC is amending this 
regulation to update and expand the list of its systems of records that 
are exempt from certain provisions of the privacy act and to clarify 
the bases for these exemptions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Harold J. Hansen, Assistant Director, Department of the 
Treasury, Comptroller of the Currency, Administrative and Internal Law 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-4460
Fax: 202 874-4555
Email: [email protected]

RIN: 1557-AB83
_______________________________________________________________________




2675.  RECORDKEEPING REQUIREMENTS FOR BANK EXCEPTIONS FROM 
SECURITIES BROKER OR DEALER REGISTRATION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 12 USC 1828(t)

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This notice of proposed rulemaking will seek comment on 
recordkeeping requirements for banks relying on exceptions to the 
definitions of broker or dealer in paragraphs (4) and (5) of section 
3(a) of the Securities Exchange Act of 1934.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Katz, Senior Counsel, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Divison, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB93
_______________________________________________________________________




2676.  PROHIBITION AGAINST USE OF INTERSTATE BRANCHES PRIMARILY 
FOR DEPOSIT PRODUCTION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 21, 22, 26, 27, 30, 36; 12 USC 93a, 161, 215, 
215a, 481; 12 USC 1814, 1816, 1828(c), 1835a; 12 USC 2901 through 2907; 
12 USC 3101 through 3111

CFR Citation: 12 CFR 25

Legal Deadline: None

Abstract: The notice of proposed rulemaking would invite comment on a 
rule that would amend regulations implementing section 109 of the 
Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 to 
effectuate the amendment of section 109 of the Gramm-Leach-Bliley Act 
of 1999. Section 109 prohibits a bank from establishing or acquiring a 
branch or branches outside of its home state for the purpose of deposit 
production. Additionally, section 109 contains guidelines for 
determining whether a bank is reasonably helping to meet the credit 
needs of communities served by an out-of-state branch or branches. The 
proposed rule amends the section 109 deposit production prohibition to 
include any bank or branch controlled by an out-of-state bank holding 
company, including a bank consisting only of a main office.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/09/01                    66 FR 18411
NPRM Comment Period End         06/08/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patrick Tierney, Attorney, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Activities 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Email: [email protected]

RIN: 1557-AB95
_______________________________________________________________________




2677.  ASSESSMENT OF FEES; NATIONAL BANKS; DISTRICT OF COLUMBIA

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 12 USC 481; 12 USC 482; 12 USC 3102

CFR Citation: 12 CFR 8

Legal Deadline: None

Abstract: The OCC proposes to amend the assessment formula it uses to 
assess independent credit card banks. A credit card bank is considered 
independent for purposes of this proposal if it engages primarily in 
credit card operations and is not affiliated with a full service 
national bank. Under the revised rate structure, all credit card banks 
would continue to be assessed based on balance sheet assets. However, 
independent credit card banks would pay an additional assessment to 
reflect the supervision required of these banks' off-balance sheet 
activities.

[[Page 25992]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/04/01                    66 FR 17821
NPRM Comment Period End         05/04/01
Final Rule                      06/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mitchell Plave, Counsel, 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-AB96
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2678. 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) claims on 
securities firms; 4) bifurcated capital for complex and noncomplex 
banks; 5) residual interests; 6) securities borrowing transactions; and 
7) nonfinancial equity investments. The OCC is conducting all of these 
rulemakings jointly with the other Federal banking agencies.

Timetable:
________________________________________________________________________

Bifurcated Capital for Complex and Noncomplex Banks  ANPRM 11/03/00 (65 
FR 66193)  ANPRM Comment Period End 02/01/01  NPRM 10/00/01

Claims on Securities Firms  NPRM 12/06/00 (65 FR 76180)  NPRM Comment 
Period End 01/22/01  Final Rule 10/00/01

Collateralized Transactions  NPRM 08/16/96 (61 FR 42565)  Final Action 
10/00/01

Nonfinancial Equity Investments  NPRM 02/14/01 (66 FR 10212)  NPRM 
Comment Period End 04/16/01  Final Rule 10/00/01

Recourse: Recourse and Direct Credit Substitutes  ANPRM/NPRM 05/25/94 
(59 FR 27116)  NPRM 11/05/97 (62 FR 59944)  NPRM 03/08/00 (65 FR 
12320)  NPRM Comment Period End 06/07/00  Final Rule 10/00/01

Residual Interests  NPRM 09/27/00 (65 FR 57993)  NPRM Comment Period 
End 12/26/00  Final Rule 10/00/01

Securities Borrowing Transactions  Interim Final Rule 12/05/00 (65 FR 
75856)  Interim Final Rule Comment Period End 01/19/01  Final Rule 10/
00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Amrit Sekhon, Risk 
Specialist, Capital Policy Division, (202) 874-5211, FAX (202) 874-
5417, 250 E Street SW, Washington, DC 20219.

Agency Contact: Ronald Shimabukuro, Counsel, 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-AB14
_______________________________________________________________________




2679. LENDING LIMITS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 93a; 12 USC 84

CFR Citation: 12 CFR 32

Legal Deadline: None

Abstract: The OCC is amending its lending limit rules, in response to 
comments received pursuant to the OCC's community bank advance notice 
of proposed rulemaking published in the Federal Register on May 12, 
1999 (64 FR 25469) and notice of proposed rulemaking published on 
September 22, 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/22/00                    65 FR 57292
NPRM Comment Period End         11/21/00
Final Rule                      04/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Deborah Katz, Senior Counsel, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Divison, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB82
_______________________________________________________________________




2680. ASSESSMENT OF FEES; NATIONAL BANKS; DISTRICT OF COLUMBIA BANKS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 12 USC 481; 12 USC 482; 12 USC 1867; 12 
USC 3102; 12 USC 3108; 15 USC 78e; 15 USC 78l; 26 DC Code

CFR Citation: 12 CFR 8

Legal Deadline: None

Abstract: This rulemaking would revise the OCC's assessments regulation 
to specify that the OCC may charge a national bank when the OCC 
conducts a special examination or investigation of a third party that 
provides services to the bank.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/01/00                    65 FR 75196
NPRM Comment Period End         01/02/01
Final Rule                      04/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 25993]]

Agency Contact: Mitchell Plave, Counsel, 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-AB90
_______________________________________________________________________




2681.  OPERATING SUBSIDIARIES OF FEDERAL BRANCHES AND AGENCIES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq.; 12 USC 24a; 12 USC 93a

CFR Citation: 12 CFR 5.34

Legal Deadline: None

Abstract: The final rule will enable a Federal branch or agency to 
establish or maintain an operating subsidiary in generally the same 
manner that a national bank may establish or control an operating 
subsidiary.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/05/00                    65 FR 75870
NPRM Comment Period End         02/05/01
Final Rule                      04/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas, 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-AB92
_______________________________________________________________________




2682.  INVESTMENT SECURITIES; BANK ACTIVITIES AND OPERATIONS; 
AND LEASING

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1, et seq.; 12 USC 24 (Seventh); 12 USC 24 
(Tenth); 12 USC 92; 12 USC 92a; 12 USC 93a; 12 USC 481; 12 USC 484; 12 
USC 1818

CFR Citation: 12 CFR 1; 12 CFR 7; 12 CFR 23

Legal Deadline: None

Abstract: The OCC is proposing to amend 12 CFR parts 1, 7, and 23. The 
proposed revisions to part 1 incorporate the express authority to 
underwrite municipal bonds granted to national banks by section 151 of 
the Gramm-Leach-Bliley Act (GLBA). The proposed revisions to part 7: 1) 
clarify the conditions under which a national bank may participate in a 
bona fide financial literacy program at a school without the school 
location being deemed a branch of the bank; 2) revise the OCC's 
regulation governing bank holidays to conform it with the Comptroller's 
statutory authority to proclaim mandatory bank closings; 3) clarify the 
scope of the term ``NSF'' fees for purposes of 12 U.S.C. 85; 4) clarify 
the OCC's current regulation governing national banks' non-interest 
charges and fees; and 5) provide that state law applies to a national 
bank operating subsidiary only to the extent that it applies to the 
parent national bank. The proposed revisions to part 23 prescribe a 
percentage limit on the extent to which a national bank may rely on 
estimated residual value to recover its costs in personal property 
leasing arrangements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/31/01                     66 FR 8178
Comment Period End              04/02/01
Final Rule                      06/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  This action may have federalism implications as defined in 
EO 13132.

Agency Contact: Andra Shuster, Counsel, Department of the Treasury, 
Comptroller of the Currency
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB94
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2683. QUALIFICATION REQUIREMENTS FOR TRANSACTIONS IN CERTAIN SECURITIES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 12 USC 1818; 12 USC 1831p-1

CFR Citation: 12 CFR 12

Legal Deadline: None

Abstract: The regulation will require bank employees to meet certain 
qualification standards before selling nondeposit investment products 
in a bank.

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

RIN: 1557-AB54
_______________________________________________________________________




2684. RULES AND PROCEDURES FOR CLAIMS AGAINST OCC-APPOINTED 
RECEIVERSHIPS FOR UNINSURED FINANCIAL INSTITUTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will establish rules and procedures for 
processing claims against receivers for uninsured Federal institutions 
that are chartered by the OCC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

[[Page 25994]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mitchell Plave, Counsel, 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-AB59
_______________________________________________________________________




2685. 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                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mitchell Plave, Counsel, 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-AB70
_______________________________________________________________________




2686. 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                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patrick Tierney, Attorney, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Activities 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Email: [email protected]

RIN: 1557-AB71
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2687. ASSESSMENT OF FEES; NATIONAL BANKS; DISTRICT OF COLUMBIA BANKS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 12 USC 481; 12 USC 482; 12 USC 3102; 15 
USC 78c; 15 USC 78d; 26 DC Code 102

CFR Citation: 12 CFR 8

Legal Deadline: None

Abstract: By statute, the OCC assesses banks to meet the OCC's expenses 
in carrying out its activities. The rulemaking revised 12 CFR part 8 to 
adjust the OCC's assessment structure to better reflect the full extent 
of the OCC's regulation, supervision, and examination of institutions 
that currently do not pay the full costs of OCC supervision because 
their balance sheets do not fully reflect the nature of their business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/21/00                    65 FR 15111
NPRM Comment Period End         04/20/00
Final Rule                      12/05/00                    65 FR 75859
Final Rule Effective            12/31/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mitchell Plave, Counsel, 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-AB72
_______________________________________________________________________




2688. CONSUMER PROTECTIONS FOR DEPOSITORY INSTITUTION SALES OF INSURANCE

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 24(Seventh); 12 USC 92; 12 USC 
93a; 12 USC 1818; ...

CFR Citation: 12 CFR 14

Legal Deadline: Final, Statutory, November 12, 2000, PL 106-102, sec 
305.

Abstract: The rule implements the provisions in section 305 of the 
Gramm-Leach-Bliley Act requiring the OCC and other banking agencies to 
adopt regulations governing the retail sales of insurance products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/21/00                    65 FR 50882
NPRM Comment Period End         10/05/00
Final Rule                      12/04/00                    65 FR 75822
Final Rule Effective 04/01/2001 12/04/00
Delay of Effective Date To 10/
01/2001                         03/19/01                    66 FR 15345

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  This action may have federalism implications as defined in 
EO 13132.

[[Page 25995]]

Agency Contact: Michele Meyer, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB81
_______________________________________________________________________




2689. INTERAGENCY GUIDELINES ESTABLISHING STANDARDS FOR SAFEGUARDING 
CUSTOMER INFORMATION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 12 USC 1831p-1; 15 USC 6801; 15 USC 6805

CFR Citation: 12 CFR 30, app D

Legal Deadline: None

Abstract: The OCC, together with the other Federal banking agencies, 
issued guidelines establishing standards for safeguarding customer 
information that implement section 39 of the Federal Deposit Insurance 
Act and sections 501 and 505(b) of the Gramm-Leach-Bliley Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/26/00                    65 FR 39472
NPRM Comment Period End         08/25/00
Final Rule                      02/01/01                     66 FR 8616
Final Rule Effective            07/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Katz, Senior Counsel, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Divison, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB84
_______________________________________________________________________




2690. DISCLOSURE AND REPORTING OF CRA RELATED AGREEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1831y

CFR Citation: 12 CFR 35

Legal Deadline: None

Abstract: The rule implements section 711 of the Gramm-Leach-Bliley 
Act, which imposes disclosure and reporting requirements with respect 
to certain CRA-related agreements between insured depository 
institutions and their affiliates and nongovernmental persons or 
entities, such as community organizations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/19/00                    65 FR 31962
NPRM Comment Period End         07/21/00
Final Rule                      01/10/01                     66 FR 2052
Final Rule Effective            04/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karen Solomon, Director, Department of the Treasury, 
Comptroller of the Currency, Legislative and Regulatory Activities 
Division
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB85
_______________________________________________________________________




2691. RULES OF PRACTICE AND PROCEDURE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 504; 12 USC 93a; 12 USC 93(b); 12 USC 164; 12 
USC 505; 12 USC 1817

CFR Citation: 12 CFR 19

Legal Deadline: None

Abstract: The OCC is amending its rules of practice and procedure to 
adjust the maximum amount, as set by statute, of each civil money 
penalty within its jurisdiction to account for inflation. This action 
is required under the Federal Civil Penalties Inflation Adjustment Act, 
as amended by the Debt Collection Improvement Act of 1996. This action 
will increase the amount of civil monetary penalties that may be 
imposed by the OCC in an enforcement action in the amounts set forth in 
the final rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      12/11/00                    65 FR 77250
Final Rule Effective            12/11/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1557-AB88
_______________________________________________________________________




2692. INVESTMENT SECURITIES; BANK ACTIVITIES AND OPERATIONS; LEASING

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Duplicate of RIN 1557-AB94      02/14/01

RIN: 1557-AB89
BILLING CODE 4810-33-S
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2693. LIQUIDATION; EXTENSION; SUSPENSION

Priority: Substantive, Nonsignificant

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

[[Page 25996]]

suspended entry after the suspension is removed; remove the application 
of the four-year limitation to suspended entries; and provide that 
Customs must also inform sureties when an entry is suspended or 
extended.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1515-AB66
_______________________________________________________________________




2694. DETENTION, SEIZURE, AND FORFEITURE OF ``BOOTLEG'' SOUND RECORDING 
AND MUSIC VIDEOS OF LIVE MUSICAL PERFORMANCES

Priority: Substantive, Nonsignificant

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

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: George F. 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
_______________________________________________________________________




2695. RECONCILIATION

Priority: Substantive, Nonsignificant

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                            12/00/01

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
_______________________________________________________________________




2696. REMOTE LOCATION FILING

Priority: Substantive, Nonsignificant

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                            10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Millie Gleason, Chief, Summary Management, Department 
of the Treasury, United States Customs Service, Office of Field 
Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0625

RIN: 1515-AC23
_______________________________________________________________________




2697. ADMINISTRATIVE RULINGS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1502; 19 USC 
1624; 19 USC 1625

CFR Citation: 19 CFR 177

Legal Deadline: None

Abstract: Document revises those provisions of the Customs Regulations 
that concern the issuance of administrative rulings and related written 
determinations and decisions on prospective and current transactions 
arising under the Customs and related laws. Changes include amendments 
in response to statutory changes made to the administrative ruling 
process by section 623 of the Customs Modernization provisions of the 
North American Free Trade Agreement Implementation Act, as well as 
substantive and organizational changes to clarify current 
administrative practice, and otherwise improve the layout and 
readability of the present regulatory texts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/01

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-AC56
_______________________________________________________________________




2698. USER AND NAVIGATION FEES; OTHER REIMBURSABLE CHARGES

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 1431; 19 USC 1433; 19 USC 1434; 19 USC 1505; 19 
USC 1624; 31 USC 9701; 46 USC 2110; 46 USC 2111; 46 USC 2112

CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 101

Legal Deadline: None

[[Page 25997]]

Abstract: Amendment regarding the proper assessment of user and 
navigation fees, as well as other reimbursement charges for Customs 
services performed in connection with, among other things, the 
processing of vehicles, vessels, aircraft and merchandise arriving in 
the United States. Purpose of the amendment is to conform the 
regulations with the intent of the Customs user fee statute and to 
reflect existing operational policy and administrative practice in this 
area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kimberly Nott, Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1364

RIN: 1515-AC63
_______________________________________________________________________




2699. SIMPLIFICATION OF IN-TRANSIT TRUCK SHIPMENTS BETWEEN CANADA AND 
THE UNITED STATES

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1431; 19 USC 1433; 19 
USC 1436; 19 USC 1448; 19 USC 1553; 19 USC 1624

CFR Citation: 19 CFR 123

Legal Deadline: None

Abstract: Amendment to simplify reporting procedures for the in-transit 
movement of truck shipments between Canada and the United States. 
Amendment is designed to reduce traffic congestion along the northern 
border by reducing the number of reporting stops.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Raymond Janiszewski, Supervisory Import Specialist, 
Office of Field Operations, Department of the Treasury, United States 
Customs Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0365

Walter Lechowski, Assistant Director, Operations, Department of the 
Treasury, United States Customs Service, Building 10, East Great Lakes 
CMC, 4455 Genesee Street, Buffalo, NY 14225
Phone: 716 626-0400

RIN: 1515-AC65
_______________________________________________________________________




2700. NATIONAL SANCTIONS DUE TO THE DELINQUENT PAYMENT OF CUSTOMS BILLS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 142

Legal Deadline: None

Abstract: Amendment to provide that Customs will issue sanction 
warnings from a centralized site at the national level to importers 
that have delinquent Customs bills. The nationally issued sanction 
warnings will notify an importer that if Customs does not receive full 
payment of all the importer's delinquent Customs bills within the time 
specified in the sanction warning, sanctions will be imposed nationally 
on all of the importer's transactions at all Customs ports.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/01

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-AC68
_______________________________________________________________________




2701. CUSTOMS EXAMINATION OF IN-TRANSIT MAIL SHIPMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 145

Legal Deadline: None

Abstract: Amendment to provide that Customs has the authority to 
examine and search international mail without regard as to whether it 
is transiting the United States or the U.S. Virgin Islands, or is being 
delivered within the Customs territory of the United States or the U.S. 
Virgin Islands.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glen E. 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-AC71
_______________________________________________________________________




2702. PRIVATE AIRCRAFT PROGRAMS: ESTABLISHMENT OF THE GENERAL AVIATION 
TELEPHONIC ENTRY (GATE) PROGRAM AND REVISIONS TO THE OVERFLIGHT PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58b; 19 USC 66; 19 USC 1433; 19 USC 
1436; 19 USC 1448; 19 USC 1459; 19 USC 1590; 19 USC 1594; 19 USC 1623; 
19 USC 1624; 19 USC 1644; 19 USC 1644a

CFR Citation: 19 CFR 122; 19 CFR 123

Legal Deadline: None

Abstract: Amendment provides for the GATE Program and revises the 
Overflight Program. The GATE Program is a voluntary program designed to 
facilitate Customs processing of certain prequalified frequent 
travelers on preregistered general aviation aircraft arriving in the 
United States directly from Canada. The Overflight Program exempts 
certain private aircraft arriving in the continental United States from 
the special landing requirements applicable to such aircraft. The 
revision to the Overflight Program involves modifying the application 
process and centralizing the processing of requests for overflight 
privileges.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/01

[[Page 25998]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steve Gilbert, Programs Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1391

RIN: 1515-AC73
_______________________________________________________________________




2703. EXPANDED WEEKLY ENTRY PROCEDURE FOR FOREIGN TRADE ZONES

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 81a to 81u; 19 USC 1202; 19 USC 
1484i; 19 USC 1623; 19 USC 1624

CFR Citation: 19 CFR 146

Legal Deadline: None

Abstract: Amendment in conformance with the Trade and Development Act 
of 2000 to expand the weekly entry procedure for foreign trade zones to 
include merchandise involved in activities other than exclusively 
assembly-line production operations. Under the expanded weekly 
procedure, weekly entries covering estimated removals of merchandise 
from a foreign trade zone for any 7-day period and the associated entry 
summaries will have to be filed exclusively through the Automated 
Broker Interface, with duties, fees and taxes being scheduled for 
payment through the Automated Clearinghouse.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bruce Ingalls, Chief, Entry and Drawback Management, 
Department of the Treasury, United States Customs Service, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1082

RIN: 1515-AC74
_______________________________________________________________________




2704.  REIMBURSABLE CUSTOMS INSPECTIONAL SERVICES: INCREASE IN 
HOURLY RATE CHARGE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 6103; 19 USC 58a; 19 USC 58b; 19 USC 
58c; 19 USC 66; 19 USC 261; 19 USC 267; 19 USC 1202; 19 USC 1450; 19 
USC 1451; 19 USC 1452; 19 USC 1456; 19 USC 1505; 19 USC 1557; 19 USC 
1562; 19 USC 1624; 26 USC 4461; 26 USC 4462; 31 USC 9701; 46 USC 2110; 
46 USC 2111; 46 USC 2112

CFR Citation: 19 CFR 24; 19 CFR 101

Legal Deadline: None

Abstract: Amendment to increase the rate of charge for reimbursable 
Customs inspectional services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/01                     66 FR 8554
NPRM Comment Period End         04/02/01
Final Action                    08/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dennis Lomax, Accountant, Department of the Treasury, 
United States Customs Service, Accounting Services Division, Office of 
Finance, Indianapolis, IN 46278
Phone: 317 298-1200

RIN: 1515-AC77
_______________________________________________________________________




2705.  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 1505; 19 USC 1624; 26 USC 4461; 26 USC 4462; 31 
USC 9701

CFR Citation: 19 CFR 24; 19 CFR 111

Legal Deadline: None

Abstract: Amendment to reflect amendments to 19 U.S.C. 58c, the Customs 
user fee statute, made by the Miscellaneous Trade and Technical 
Corrections Act of 1999 (the Act), as well as prior legislative changes 
to that user fee statute. Amendment sets forth, pursuant to the Act, 
the new fee structure for passengers arriving in the United States 
aboard commercial vessels and aircraft, and clarifies how Customs 
administers certain user fees.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/01

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-AC81
_______________________________________________________________________




2706.  DISTRIBUTION OF CONTINUED DUMPING AND SUBSIDY OFFSET TO 
AFFECTED DOMESTIC PRODUCERS

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1500; 19 USC 1504; 19 USC 1624; 19 
USC 1675c

CFR Citation: 19 CFR 159

Legal Deadline: None

Abstract: Amendment to implement the Continued Dumping and Subsidy 
Offset Act of 2000. Amendment prescribes the administrative procedures, 
including time and manner, under which antidumping and countervailing 
duties assessed on imported products would be distributed to affected 
domestic producers as an offset for certain qualifying expenditures.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeffrey J. Laxague, Department of the Treasury, United 
States Customs Service, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0505

RIN: 1515-AC84

[[Page 25999]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2707. NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)--IMPLEMENTATION OF 
DUTY-DEFERRAL PROGRAM PROVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1481; 19 USC 1484; 19 
USC 1202; 19 USC 1315; 19 USC 1624; 19 USC 3314

CFR Citation: 19 CFR 181; 19 CFR 113; 19 CFR 141; 19 CFR 144; 19 CFR 10

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/30/96                     61 FR 2908
Interim Final Rule Effective    01/01/96
Interim Final Rule Comment 
Period End                      04/01/96
Final Action                    10/00/01

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, NY 14225
Phone: 716 551-3053

RIN: 1515-AB87
_______________________________________________________________________




2708. 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
Interim Final Rule Effective    02/26/97
Interim Final Rule Comment 
Period End                      04/28/97
Final Action                    07/00/01

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
_______________________________________________________________________




2709. CUSTOMS ENTRY DOCUMENTATION PURSUANT TO ANTICOUNTERFEITING 
CONSUMER PROTECTION ACT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 141

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/13/99                    64 FR 49423
NPRM Comment Period End         12/13/99                    64 FR 62135
Final Action                    10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joanne R. Stump, Chief, Intellectual Property Rights, 
Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-3315

RIN: 1515-AC15
_______________________________________________________________________




2710. COUNTRY OF ORIGIN MARKING

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: 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                            01/26/00                     65 FR 4193
NPRM Comment Period End         04/26/00                    65 FR 17473
Final Action                    10/00/01

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


[[Page 26000]]


Monika Rice Brenner, 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

Kristen VerSteeg, 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-AC32
_______________________________________________________________________




2711. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST AND FEES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 197; 19 USC 198; 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 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 noncommercial 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 noncommercial entities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/17/99                    64 FR 13141
NPRM Comment Period End         05/17/99
Final Action                    10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Lloyd, Financial Officer, Financial Policy 
Division, Department of the Treasury, United States Customs Service, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0119

RIN: 1515-AC40
_______________________________________________________________________




2712. 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                            08/06/99                    64 FR 42872
NPRM Comment Period End         10/05/99
Final Action                    10/00/01

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-AC44
_______________________________________________________________________




2713. GENERAL ORDER WAREHOUSES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1311; 19 USC 
1312; 19 USC 1484; 19 USC 1485; 19 USC 1490; 19 USC 1491; 19 USC 1492; 
19 USC 1493; 19 USC 1506; 19 USC 1559; 19 USC 1563

CFR Citation: 19 CFR 4; 19 CFR 19; 19 CFR 122; 19 CFR 123; 19 CFR 127

Legal Deadline: None

Abstract: Amendment principally creates a new class of bonded warehouse 
exclusively for the receipt of general order merchandise and includes 
procedures for authorizing and operating general order warehouses. 
Amendment also implements certain amendments to the law made by the 
Customs modernization portion of the North American Free Trade 
Agreement Implementation Act concerning the circumstances where the 
title to unclaimed and abandoned merchandise vests in the Government, 
in lieu of sale of the merchandise at public auction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/12/00                    65 FR 42893
NPRM Comment Period End         09/11/00
Final Action                    07/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Raymond Janiszewski, Supervisory Import Specialist, 
Office of Field Operations, Department of the Treasury, United States 
Customs Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0365

RIN: 1515-AC57
_______________________________________________________________________




2714. DEFERRAL OF DUTY ON LARGE YACHTS IMPORTED FOR SALE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1484b; 19 USC 1623; 19 
USC 1624

CFR Citation: 19 CFR 4; 19 CFR 113

Legal Deadline: None

Abstract: Amendment to set forth procedures for the deferral of entry 
filing and duty collection on certain yachts imported for sales at boat 
shows in the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/15/00                    65 FR 37501

[[Page 26001]]

NPRM Comment Period End         08/14/00
Final Action                    06/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Larry L. Burton, Chief, Entry Procedures and Carriers 
Branch, Department of the Treasury, United States Customs Service, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2269

Robert E. Watt, Program Officer, Department of the Treasury, United 
States Customs Service, Office of Field Operations, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 927-3654

RIN: 1515-AC58
_______________________________________________________________________




2715. CIVIL AIRCRAFT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10

Legal Deadline: None

Abstract: Amendment concerning the duty-free entry of civil aircraft 
merchandise to reflect amendments to General Note 6 of the Harmonized 
Tariff Schedule of the United States made by the Miscellaneous Trade 
and Technical Corrections Act of 1996.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/29/00                    65 FR 40067
NPRM Comment Period End         08/28/00
Final Action                    08/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dixie Staple, Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1131

RIN: 1515-AC59
_______________________________________________________________________




2716. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1484; 19 USC 
1624; 19 USC 2416(a); 19 USC 2171

CFR Citation: 19 CFR 12

Legal Deadline: None

Abstract: Amendment to the provision in the Customs Regulations that 
sets forth entry requirements for shipments of softwood lumber from 
Canada under the agreement between the Governments of the United States 
and Canada regarding trade in softwood lumber. Amendment implements an 
amendment to the softwood lumber agreement involving the addition of 
two export fee payment status categories covering softwood lumber from 
the Canadian province of British Columbia.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/23/00                    65 FR 33251
Interim Final Rule Effective    05/23/00
Interim Final Rule Comment 
Period End                      07/24/00
Final Action                    07/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dixie Staple, Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1131

RIN: 1515-AC62
_______________________________________________________________________




2717.  TIME LIMITATION FOR REQUESTING REFUNDS OF HARBOR 
MAINTENANCE FEE AND FOR MAKING OTHER CLAIMS AGAINST CUSTOMS

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 1505; 19 USC 1624; 26 USC 4461; 26 USC 4462; 31 
USC 9701

CFR Citation: 19 CFR 24

Legal Deadline: None

Abstract: Amendment to establish a one year time limit within which a 
refund request must be filed for overpayments of Harbor Maintenance 
Fees that were paid quarterly and for making other claims against 
Customs. The time limit would assure an efficient reasonable final 
resolution of claims against Customs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/15/00                    65 FR 78430
NPRM Comment Period End         02/13/01
Final Action                    05/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson, Accountant, Accounts Receivable 
Branch, Department of the Treasury, United States Customs Service, 
Office of Finance, Indianapolis, IN 46278
Phone: 317 298-1200

RIN: 1515-AC64
_______________________________________________________________________




2718. MERCHANDISE PROCESSING FEE ELIGIBLE TO BE CLAIMED AS UNUSED 
MERCHANDISE DRAWBACK

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1313; 19 USC 
1624

CFR Citation: 19 CFR 191

Legal Deadline: None

Abstract: Amendment to indicate that merchandise processing fees are 
eligible to be claimed as unused merchandise drawback. The change is 
made to reflect a recent court decision in which merchandise processing 
fees were found to be assessed under Federal law and imposed by reason 
of importation and therefore eligible to be claimed as unused 
merchandise drawback pursuant to 19 U.S.C. 1313(j).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              02/09/01                     66 FR 9647
Interim Final Rule Effective    02/09/01
Interim Final Rule Comment 
Period End                      04/10/01
Final Action                    09/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William G. Rosoff, Chief, Duty Refund and Determination

[[Page 26002]]

Branch, Department of the Treasury, United States Customs Service, 
Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927-2077

RIN: 1515-AC67
_______________________________________________________________________




2719. CIVIL ASSET FORFEITURE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 18 USC 983; 19 USC 66; 19 USC 1592; 19 USC 
1593a; 19 USC 1624

CFR Citation: 19 CFR 162; 19 CFR 171

Legal Deadline: None

Abstract: Amendment to implement the provisions of the Civil Asset 
Forfeiture Reform Act of 2000 (CAFRA), insofar as these provisions are 
applicable to laws enforced by Customs. The CAFRA creates general rules 
governing civil forfeiture proceedings. However, CAFRA specifically 
exempts from certain of its requirements forfeitures that are made 
under a number of statutes, among those being: the Tariff Act of 1930 
or any other provision of law codified in title 19, U.S.C.; the 
Internal Revenue Code of 1986; the Federal Food, Drug, and Cosmetic 
Act; and the Trading with the Enemy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Effective    08/23/00                    65 FR 78090
Interim Final Rule              12/14/00                    65 FR 78090
Interim Final Rule Comment 
Period End                      02/12/01
Final Action                    06/00/01

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-AC69
_______________________________________________________________________




2720. AFRICAN GROWTH AND OPPORTUNITY ACT AND GENERALIZED SYSTEM OF 
PREFERENCES

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 
2461; 19 USC 3314; 19 USC 3721

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200.

Abstract: Amendments to implement the trade benefit provisions for sub-
Saharan Africa contained in title I of the Trade and Development Act of 
2000. The trade benefits under title I, also referred to as the African 
Growth and Opportunity Act, apply to sub-Saharan African countries 
designated by the President and involve the extension of duty-free 
treatment under the Generalized System of Preferences (GSP) to non-
import-sensitive, non-textile articles normally excluded from GSP duty-
free treatment, and the entry of specific textile and apparel articles 
free of duty and free of any quantitative limits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/05/00                    65 FR 59668
Interim Final Rule Effective    10/01/00
Interim Final Rule Comment 
Period End                      12/04/00
Final Action                    05/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia Reese, Senior Attorney, Department of the 
Treasury, United States Customs Service, Office of Regulations and 
Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1361

Leon Hayward, Operations Officer, Department of the Treasury, United 
States Customs Service, Office of Field Operations, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 927-9704

RIN: 1515-AC72
_______________________________________________________________________




2721.  UNITED STATES-CARIBBEAN BASIN TRADE PARTNERSHIP ACT AND 
CARIBBEAN BASIN INITIATIVE

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 
2701; 19 USC 3314

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200.

Abstract: Amendments to implement the trade benefit provisions for 
Caribbean Basin countries contained in title II of the Trade and 
Development Act of 2000. The trade benefits under title II, also 
referred to as the United States-Caribbean Basin Trade Partnership Act 
(the CBTPA), apply to Caribbean Basin countries designated by the 
President and involve the entry of specific textile and apparel 
articles free of duty and free of any quantitative restrictions, 
limitations, or consultation levels and the extension of NAFTA duty 
treatment standards to non-textile articles that are excluded from 
duty-free treatment under the Caribbean Basin Initiative program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Effective    10/01/00
Interim Final Rule              10/05/00                    65 FR 59650
Interim Final Rule Comment 
Period End                      12/04/00
Final Action                    05/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Craig Walker, Senior Attorney-Advisor, Department of 
the Treasury, United States Customs Service, Special Classification and 
Marking Branch, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1116

Leon Hayward, Operations Officer, Department of the Treasury, United 
States Customs Service, Office of Field Operations, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 927-9704

Cynthia Reese, Senior Attorney, Department of the Treasury, United 
States Customs Service, Office of Regulations and Rulings, 1300

[[Page 26003]]

Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1361

RIN: 1515-AC76
_______________________________________________________________________




2722.  DUTY-FREE TREATMENT FOR CERTAIN BEVERAGES MADE WITH 
CARIBBEAN RUM

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 
2701; 19 USC 3314

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: None

Abstract: Amendment to implement a change made by the Trade and 
Development Act of 2000 to the Caribbean Basin Economic Recovery Act, 
also known as the Caribbean Basin Initiative (CBI), that enables 
certain liquers and spirituous beverages to obtain duty-free entry 
under specified conditions when the beverages are processed in the 
territory of Canada from rum that is the growth, product or manufacture 
either of a CBI beneficiary country or of the U.S. Virgin Islands. The 
regulations set forth the certification and supporting documentation 
requirements that are necessary to establish compliance with the 
statutory law, thereby enabling that the rum beverages are properly 
entitled to duty-free entry under the CBI.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              02/09/01                     66 FR 9643
Interim Final Rule Effective    02/09/01
Interim Final Rule Comment 
Period End                      04/10/01
Final Action                    09/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Leon Hayward, Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-9704

RIN: 1515-AC78
_______________________________________________________________________




2723.  RULES OF ORIGIN FOR TEXTILE AND APPAREL PRODUCTS

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 to align the existing country of origin rules for 
textiles and apparel products with the statutory amendments to section 
334 of the Uruguay Round Agreements Act, as set forth in section 405 
within title IV of the Trade and Development Act of 2000. The amendment 
to the Customs Regulations reflects the amendments set forth in section 
405 regarding the processing operations necessary to confer country of 
origin status to certain textile fabrics and made-up articles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia Reese, Senior Attorney, Department of the 
Treasury, United States Customs Service, Office of Regulations and 
Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1361

RIN: 1515-AC80
_______________________________________________________________________




2724.  AMENDED PROCEDURE FOR OBTAINING REFUNDS OF HARBOR 
MAINTENANCE FEES PAID ON EXPORTS OF MERCHANDISE

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 1505; 19 USC 1624; 26 USC 4461; 26 USC 4462; 31 
USC 9701

CFR Citation: 19 CFR 24

Legal Deadline: None

Abstract: Amendment to simplify the procedure for requesting refunds of 
harbor maintenance fees paid on exports of merchandise.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/28/01                    66 FR 16854
Interim Final Rule Effective    03/28/01
Interim Final Rule Comment 
Period End                      04/27/01
Final Action                    08/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson, Accountant, Accounts Receivable 
Branch, Department of the Treasury, United States Customs Service, 
Office of Finance, Indianapolis, IN 46278
Phone: 317 298-1200

RIN: 1515-AC82
_______________________________________________________________________




2725.  LICENSES FOR CERTAIN WORSTED WOOL FABRICS SUBJECT TO 
TARIFF-RATE QUOTA

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1508; 19 USC 1509; 19 
USC 1623; 19 USC 1624

CFR Citation: 19 CFR 132; 19 CFR 163

Legal Deadline: None

Abstract: Amendment to set forth the form and manner by which an 
importer establishes that a valid license, issued under regulations of 
the U.S. Department of Commerce, is in effect for certain worsted wool 
fabric that is the subject of a tariff-rate quota.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Erin Riley, Trade Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-5395

RIN: 1515-AC83
_______________________________________________________________________




2726.  AMENDMENT TO WOOL DUTY REFUND PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 
3314; PL 106-200

[[Page 26004]]

CFR Citation: 19 CFR 10

Legal Deadline: None

Abstract: Amendment regarding the provision regarding the refund of 
duties paid on imports of wool products pursuant to section 505 of the 
Trade and Development Act of 2000. Principally, the document rectifies 
an interpretive error regarding the description of the types of wool 
products that are eligible to provide the basis for a wool duty refund 
for claim year 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bruce Ingalls, Chief, Entry and Drawback Management, 
Department of the Treasury, United States Customs Service, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1082

RIN: 1515-AC85
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2727. HARBOR MAINTENANCE FEE

Priority: Substantive, Nonsignificant

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/30/87                    52 FR 10198
Interim Final Rule Effective    03/01/87
Interim Final Rule Comment 
Period End                      05/29/87
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0310

RIN: 1515-AA57
_______________________________________________________________________




2728. 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
Interim Final Rule Effective    01/08/92
Interim Final Rule Comment 
Period End                      03/09/92
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patricia Barbare
Phone: 202 927-0310

RIN: 1515-AA87
_______________________________________________________________________




2729. 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
_______________________________________________________________________




2730. 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
_______________________________________________________________________




2731. COUNTRY-OF-ORIGIN MARKING REQUIREMENTS FOR FROZEN PRODUCE PACKAGES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 134

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                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sandra L. Bell
Phone: 202 927-2244

RIN: 1515-AB61
_______________________________________________________________________




2732. 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
_______________________________________________________________________




2733. DESIGNATED LAND BORDER CROSSING LOCATIONS FOR CERTAIN CONVEYANCES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 123

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/17/97                    62 FR 61251
NPRM Comment Period End         01/16/98
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

[[Page 26005]]

Agency Contact: Dennis Dore
Phone: 202 927-3274

RIN: 1515-AC12
_______________________________________________________________________




2734. 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 H. Kramer
Phone: 202 927-1251

RIN: 1515-AC13
_______________________________________________________________________




2735. NAFTA PREFERENCE OVERRIDE

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 102

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Burton Schlissel
Phone: 202 927-2310

RIN: 1515-AC25
_______________________________________________________________________




2736. PERSONAL-USE LIMITATION FOR PURCHASES AT DUTY-FREE STORES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 19

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Creighton W. Goldsmith
Phone: 808 522-8080
Email: [email protected]

RIN: 1515-AC50
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2737. FEES ASSESSED FOR DEFAULTED PAYMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 24

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       02/09/01                     66 FR 9681

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David Baker
Phone: 202 927-0620

RIN: 1515-AB38
_______________________________________________________________________




2738. TREATMENT OF MERCHANDISE IMPORTED BY FOREIGN GOVERNMENTS OR 
DESIGNATED INTERNATIONAL ORGANIZATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 148

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       02/20/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dennis Sequeira
Phone: 202 927-1480

RIN: 1515-AB92
_______________________________________________________________________




2739. FOREIGN REPAIRS TO AMERICAN VESSELS

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 4; 19 CFR 159

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/26/01                    66 FR 16392
Final Action Effective          04/25/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Larry L. Burton
Phone: 202 927-2269

RIN: 1515-AC30
_______________________________________________________________________




2740. INFORMAL ENTRY OF LOW-VALUE DUTY-FREE MERCHANDISE

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 143

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       02/20/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Craig Clark
Phone: 202 927-2317

RIN: 1515-AC38
_______________________________________________________________________




2741. AMENDED BOND PROCEDURES FOR ARTICLES SUBJECT TO EXCLUSION ORDERS 
ISSUED BY THE U.S. INTERNATIONAL TRADE COMMISSION

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 12; 19 CFR 113

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/13/00                    65 FR 77813
Final Action Effective          01/12/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glen E. Vereb
Phone: 202 927-1327

RIN: 1515-AC43
_______________________________________________________________________




2742. ASSESSMENT OF LIQUIDATED DAMAGES REGARDING IMPORTED MERCHANDISE 
THAT IS NOT ADMISSIBLE UNDER THE FOOD, DRUG AND COSMETIC ACT

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 12; 19 CFR 113; 19 CFR 141

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/28/01                    66 FR 16850
Final Action Effective          04/27/01

Regulatory Flexibility Analysis Required: No

[[Page 26006]]

Government Levels Affected: None

Agency Contact: Jeremy Baskin
Phone: 202 927-1176

RIN: 1515-AC45
_______________________________________________________________________




2743. EXPORT CERTIFICATES FOR LAMB MEAT SUBJECT TO TARIFF-RATE QUOTA

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 132; 19 CFR 163

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/13/00                    65 FR 77816
Final Action Effective          12/13/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia Porter
Phone: 202 927-5399

RIN: 1515-AC54
_______________________________________________________________________




2744.  IMPORT RESTRICTIONS IMPOSED ON ARCHAEOLOGICAL MATERIAL 
ORIGINATING IN ITALY AND REPRESENTING THE PRE-CLASSICAL, CLASSICAL AND 
IMPERIAL ROMAN PERIODS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 12

Legal Deadline: None

Abstract: Amendment reflects the imposition of import restrictions on 
certain archaeological material originating in Italy and representing 
the preclassical, classical and imperial Roman periods of its cultural 
heritage, ranging in date from approximately the 9th century B.C. 
through approximately the 4th century A.D. These restrictions are being 
imposed pursuant to an agreement between the United States and Italy 
that has been entered into under the authority of the Convention on 
Cultural Property Implementation Act in accordance with the United 
Nations Educational,Scientific and Cultural Organization (UNESCO) 
Convention on the Means of Prohibiting and Preventing the Illicit 
Import, Export and Transfer of Ownership of Cultural Property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/23/01                     66 FR 7399
Final Action Effective          01/23/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Alfred Morawski, Chief, Other Government Agencies 
Branch, Department of the Treasury, United States Customs Service, 
Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, 
DC 20229
Phone: 202 927-0402

Joseph Howard, Attorney, Intellectual Property Rights Branch, 
Department of the Treasury, United States Customs Service, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 927-2336

RIN: 1515-AC66
_______________________________________________________________________




2745.  IMPORT RESTRICTIONS IMPOSED ON ARCHAEOLOGICAL MATERIAL 
FROM THE PREHISPANIC CULTURES OF THE REPUBLIC OF NICARAGUA

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 12

Legal Deadline: None

Abstract: Amendment to reflect the imposition of import restrictions on 
certain archaeological material ranging in date from approximately 8000 
B.C. through approximately 1500 A.D. and representing prehispanic 
cultures of the Republic of Nicaragua. These restrictions are being 
imposed pursuant to an agreement between the United States and 
Nicaragua that has been entered into under the authority of the 
Convention on Cultural Property Implementation Act in accordance with 
the United Nations Educational, Scientific and Cultural Organization 
(UNESCO) Convention on the Means of Prohibiting and Preventing the 
Illicit Import, Export and Transfer of Ownership of Cultural Property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/26/00                    65 FR 64140
Final Action Effective          10/26/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Alfred Morawski, Chief, Other Government Agencies 
Branch, Department of the Treasury, United States Customs Service, 
Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, 
DC 20229
Phone: 202 927-0402

Joanne R. Stump, Chief, Intellectual Property Rights, Department of the 
Treasury, United States Customs Service, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927-3315

RIN: 1515-AC70
_______________________________________________________________________




2746.  REFUND OF DUTIES PAID ON IMPORTS OF CERTAIN WOOL PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 
3314; PL 106-200

CFR Citation: 19 CFR 10

Legal Deadline: None

Abstract: Amendment to implement the provisions of section 505 of title 
V of the Trade and Development Act of 2000. Section 505 permits U.S. 
manufacturers of certain wool articles to claim a limited refund of 
duties paid in each of calendar years 2000, 2001, and 2002 on imports 
of select wool products. The maximum amount eligible to be refunded in 
each of these successive claim years is limited to an amount not to 
exceed one third of the amount of duties actualy paid on such wool 
products imported in calendar year 1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/26/00                    65 FR 64178
NPRM Comment Period End         11/16/00
Final Action                    12/26/00                    65 FR 81344
Final Action Effective          01/25/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bruce Ingalls, Chief, Entry and Drawback Management, 
Department of the Treasury, United States Customs Service, Office of 
Field

[[Page 26007]]

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

RIN: 1515-AC79
BILLING CODE 4820-02-S
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2747. 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                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

RIN: 1545-AL82
_______________________________________________________________________




2748. 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 (f)(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                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Agency Contact: Richard L. Chewning, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3850

RIN: 1545-AM11
_______________________________________________________________________




2749. 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                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

RIN: 1545-AM97
_______________________________________________________________________




2750. 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                            12/00/01

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

[[Page 26008]]

Reviewing attorney: Phyllis Marcus (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

RIN: 1545-AO25
_______________________________________________________________________




2751. 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                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-208265-90 (INTL-102-90)
Drafting attorney: Ginny Y. Chung (202) 622-3870
Reviewing attorney: Paul S. 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

RIN: 1545-AP10
_______________________________________________________________________




2752. 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                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209604-93 (INTL-001-93)
Drafting attorney: Ginny Y. Chung (202) 622-3870
Reviewing attorney: Paul S. 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

RIN: 1545-AR20
_______________________________________________________________________




2753. SECTION 6048 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6048

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This document revises regulations relating to certain foreign 
trusts under section 6048 of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209594-92 (INTL-067-92)
Drafting attorney: Karen Rennie Quarrie (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: Karen Rennie Quarrie, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3880

RIN: 1545-AR25
_______________________________________________________________________




2754. APPLICATIONS OF SECTION 1503(D) TO PARTNERSHIPS AND OTHER ITEMS

Priority: Substantive, Nonsignificant

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                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-209564-92 (INTL-037-92)
Drafting attorney: Kenneth D. Allison (202) 622-3860
Reviewing attorney: Charles Besecky (202) 622-3860
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

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

RIN: 1545-AR26
_______________________________________________________________________




2755. INTERCOMPANY TRANSFER PRICING FOR SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the transfer pricing of services 
between related parties.

[[Page 26009]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209579-92 (INTL-051-92)
Drafting attorney: J. Peter Luedtke (202) 874-1490
Reviewing attorney: Steven Musher (202) 874-1490
CC:INTL

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

RIN: 1545-AR32
_______________________________________________________________________




2756. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 671; 26 USC 6034A; 26 USC 6049(d)(1); 26 USC 
7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: This regulation relates to the reporting requirements for 
widely held 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
Second NPRM                     10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106871-00 (PS-6-96)
Drafting attorney: Faith Colson (202) 622-3060
Reviewing attorney: J. Thomas Hines (202) 622-3060
Treasury attorney: Viva Hammer (202) 622-0809
CC: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

RIN: 1545-AU15
_______________________________________________________________________




2757. CIVIL CAUSE OF ACTION FOR CERTAIN UNLAWFUL COLLECTION ACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations raise the cap on damages under section 7433 
from $100,000 to $1,000,000 and provide that if a taxpayer fails to 
exhaust the administrative remedies available before the Internal 
Revenue Service, the court may reduce the award of damages. 
Additionally, the awarding of damages for violations of the automatic 
stay are now covered by this regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68242
Second NPRM                     12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-251502-96
Drafting attorney: Kevin B. Connelly (202) 622-3630
Reviewing attorney: Robert A. Miller (202) 622-3630
CC:P&A:CB&S

Agency Contact: Kevin B. Connelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3630

RIN: 1545-AU68
_______________________________________________________________________




2758. SOURCE RULES FOR PAYMENTS MADE PURSUANT TO CERTAIN SWAP 
ARRANGEMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-253560-96
Drafting attorney: Milton M. Cahn (202) 622-3870
Reviewing attorney: Paul Epstein (202) 622-3870
Treasury attorney: Je Young Baik (202) 622-1773
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

RIN: 1545-AU89
_______________________________________________________________________




2759. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will 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                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-252774-96
Drafting attorney: W. Edward Williams (202) 622-3880
Reviewing attorney: Elizabeth Karzon (202) 622-3880
Treasury attorney: Michael Kirsch (202) 622-0871
CC:INTL

Agency Contact: W. Edward Williams, Senior Technical Reviewer, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224

[[Page 26010]]

Phone: 202 622-3880

RIN: 1545-AU91
_______________________________________________________________________




2760. 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: The regulation 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                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-242919-96
Drafting attorney: Kenneth Christman (202) 622-3950
Reviewing attorney: Alice Bennett (202) 622-3950
CC: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
_______________________________________________________________________




2761. AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68241
Second NPRM                     12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-100841-97
Drafting attorney: Kevin B. Connelly (202) 622-3630
Reviewing attorney: Robert Miller (202) 622-3630
CC:P&A:CB&S

Agency Contact: Kevin B. Connelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3630

RIN: 1545-AU97
_______________________________________________________________________




2762. 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 property in four enumerated circumstances. Section 
1102(d)(1)(B) of RRA 98 changed ``Taxpayer Advocate'' to ``National 
Taxpayer Advocate'' as a person who determines what is in the best 
interest of the taxpayer. The regulations set forth the circumstances 
in which the Secretary may return property and procedures to implement 
these sections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-101520-97
Drafting attorney: Kevin B. Connelly (202) 622-3630
Reviewing attorney: Robert Miller (202) 622-3630
Treasury attorney: Rita Cavanagh (202) 622-1981
CC:P&A:CB&S

Agency Contact: Kevin B. Connelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3630

RIN: 1545-AV01
_______________________________________________________________________




2763. 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 the regulations are currently out of date because the 
authorizing legislation was subsequently repealed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

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: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
_______________________________________________________________________




2764. FOREIGN TAX CREDIT ANTIABUSE 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

[[Page 26011]]

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                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

RIN: 1545-AV97
_______________________________________________________________________




2765. 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                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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




2766. ESTATE TAX DEDUCTION FOR QUALIFIED FAMILY-OWNED BUSINESS INTERESTS 
(QFOBI)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2057; 26 USC 7805

CFR Citation: 26 CFR 20

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106430-98
Drafting attorney: Leslie H. Finlow (202) 622-7860
Reviewing attorney: Christine Ellison (202) 622-3120
Treasury attorney: Beth Kaufman (202) 622-1766
CC:P&SI

Agency Contact: Leslie H. Finlow, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7860

RIN: 1545-AW21
_______________________________________________________________________




2767. SECTION 988--CONTINGENT DEBT INSTRUMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 988

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106486-98
Drafting attorney: Milton M. Cahn (202) 622-3870
Reviewing attorneys: Jeffrey Dorfman and Rebeca I. Rosenberg (202) 622-
3870
Treasury attorney: Je Young Baik (202) 622-1773
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

RIN: 1545-AW33
_______________________________________________________________________




2768. CAPITAL GAIN GUIDANCE RELATING TO CRTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides 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                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-110896-98
Drafting attorney: Catherine Moore (202) 622-3080
Reviewing attorney: Mary Beth Collins (Carchia) (202) 622-3080
Treasury attorney: Beth Kaufman (202) 622-1766
CC:P&SI

Agency Contact: Catherine Moore, Attorney-Advisor, Department of the

[[Page 26012]]

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

RIN: 1545-AW35
_______________________________________________________________________




2769. MERCHANDISE REGULATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 471; 26 USC 7805; 26 USC 446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies when the requirement to use 
inventory accounting applies. It also clarifies the definition of 
merchandise and provides 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                            06/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-122333-97
Drafting attorney: Cheryl L. Oseekey (202) 622-4970
Reviewing attorney: Eric Pleet (202) 622-4970
Treasury attorney: Christine Turgeon (202) 622-0865
CC:IT&A

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

RIN: 1545-AW61
_______________________________________________________________________




2770. REPORTING OF PAYMENTS TO ATTORNEY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides 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                            05/21/99                    64 FR 27730
Second NPRM                     10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-105312-98
Drafting attorney: Laura C. Nash (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
Treasury attorney: Michael Novey (202) 622-1339
CC:P&A:APJP

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

RIN: 1545-AW72
_______________________________________________________________________




2771. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1259

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to principles for determining if a 
taxpayer has constructively sold an appreciated financial position.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-102191-98
Drafting attorney: Kathleen Sleeth (202) 622-3920
Reviewing attorney: Alvin Kraft (202) 622-3920
Treasury attorney: Michael Novey (202) 622-1339
CC:FI&P

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

RIN: 1545-AW97
_______________________________________________________________________




2772. RULES FOR SOURCING CERTAIN TRANSPORTATION INCOME, SPACE OR OCEAN 
ACTIVITY INCOME, AND RELATED FOREIGN BASE COMPANY SHIPPING INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance to shipping and aircraft 
companies for application of the source rules for certain income under 
sections 863(c) and 863(d), and for related space or ocean activity 
income that is also foreign-based company shipping income under section 
954(f).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-115557-98
Drafting attorney: Patricia A. Bray (202) 622-3880
Reviewing attorney: Elizabeth Karzon (202) 622-3880
Treasury attorney: Michael Mundaca (202) 622-1752
CC:INTL

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

RIN: 1545-AX02
_______________________________________________________________________




2773. HIGHWAY VEHICLE--DEFINITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

[[Page 26013]]

Abstract: This document provides amendments to regulations relating to 
definition of highway vehicle.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103829-99
Drafting attorney: Bernard H. Weberman (202) 622-3130
Reviewing attorney: Richard Kocak (202) 622-3130
Treasury attorney: John Parcell (202) 622-2578
CC: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-AX10
_______________________________________________________________________




2774. DEPOSIT OF EXCISE TAXES--REVISION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6302

CFR Citation: 26 CFR 40

Legal Deadline: None

Abstract: This document provides amendments to regulations relating to 
deposits of excise tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           01/07/00                     65 FR 1076
NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Organizations, Businesses

Government Levels Affected: None

Additional Information: REG-103827-99
Drafting attorney: Susan Athy (202) 622-3130
Reviewing attorney: Ruth Hoffman (202) 622-3130
Treasury attorney: John Parcell (202) 622-2578
CC:P&SI

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

RIN: 1545-AX11
_______________________________________________________________________




2775. GUIDANCE ON COST RECOVERY IN THE ENTERTAINMENT INDUSTRY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the application of the income 
forecast method under section 167(g).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103823-99
Drafting attorney: Bernard P. Harvey III (202) 622-3110
Reviewing attorney: Charles B. Ramsey (202) 622-3110
Treasury attorney: Christopher Ohmes (202) 622-0865
CC:P&SI

Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

RIN: 1545-AX12
_______________________________________________________________________




2776. STRADDLES--ONE SIDE LARGER THAN THE OTHER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: A ``straddle'' occurs, for purposes of section 1092 of the 
Internal Revenue Code, when a taxpayer enters into two separate 
positions in financial instruments that ``offset'' each other. 
Positions offset each other when, taken together, they substantially 
diminish the taxpayer's risk of loss. A taxpayer in a ``straddle'' is 
subject to various limitations on recognition of loss on the positions 
until both positions are liquidated. These regulations will deal with 
the situation in which one position is larger than the other (that is, 
the diminution of the risk of loss for one position is only partial).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-107335-99
Drafting attorney: Kenneth Christman (202) 622-3950
Reviewing attorney: Robert Williams (202) 622-3960
Treasury attorney: Michael Novey (202) 622-1339
CC: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-AX16
_______________________________________________________________________




2777. DEFINITION OF ACCOUNTING METHOD

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will clarify the definition of a change in 
method of accounting.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105228-99
Drafting attorney: Jeffery G. Mitchell (202) 622-7804
Reviewing attorney: Thomas Luxner (202) 622-4970
Treasury attorney: Christine Turgeon (202) 622-0865

[[Page 26014]]

CC:IT&A

Agency Contact: Jeffery G. Mitchell, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7804

RIN: 1545-AX21
_______________________________________________________________________




2778. SECTIONS 401(K) AND 410(M) CASH OR DEFERRED ARRANGEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Update and revise regulations on qualified cash or deferred 
arrangements, ``matching'' contributions, and employee contributions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-108639-99
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AX26
_______________________________________________________________________




2779. DEFINITION OF ``ISSUED'' WITH REGARD TO CHIEF COUNSEL ADVICE

Priority: Substantive, Nonsignificant

Legal Authority: PL 105-206, sec 3509

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation defines the term ``Issued'' with regard to 
Chief Counsel Advice.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113129-98
Drafting attorney: Deborah Lambert-Dean (202) 622-4570
Reviewing attorney: Donald Squires (202) 622-4570
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:P&A:D&PL

Agency Contact: Deborah Lambert-Dean, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4570
Fax: 202 622-9888

RIN: 1545-AX40
_______________________________________________________________________




2780. GROUPING RULES FOR FOREIGN SALES CORPORATION TRANSFER PRICING

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides grouping rules for purposes of 
Foreign Sales Corporation transfer pricing.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-110605-99
Drafting attorney: Christopher Bello (202) 874-1490
Reviewing attorney: Elizabeth Beck (202) 874-1490
Treasury attorney: Manal Corwin (202) 622-1317
CC:INTL

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

RIN: 1545-AX41
_______________________________________________________________________




2781. 401(K) AND 401(M) REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Update and revise regulations for cash or deferred 
arrangements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-108639-99
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AX43
_______________________________________________________________________




2782. NOTIONAL PRINCIPAL CONTRACTS AND OTHER FINANCIAL PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 446; 26 USC 1234A; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules under section 446 for the 
timing of income and deductions of certain contingent payments under 
notional principal contracts. The regulations will also provide rules 
under section 1234A for determining the character of payments under 
notional principal contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

[[Page 26015]]

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-106395-99
Drafting attorney: Elizabeth Handler (202) 622-3930
Reviewing attorney: William E. Coppersmith (202) 622-3930
Treasury attorney: Michael Novey (202) 622-1339
CC:FI&P

Agency Contact: Elizabeth Handler, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3930

RIN: 1545-AX45
_______________________________________________________________________




2783. SECTION 7430 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed amendments to the Treasury Regulations 
incorporate the 1997 and 1998 amendments to 26 U.S.C. 7430, relating to 
the awarding of attorney's fees in administrative and court 
proceedings. The amendments to 26 U.S.C. 7430 were enacted under the 
Taxpayer Relief Act of 1997 and the IRS Restructuring and Reform Act of 
1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-111833-99
Drafting attorney: Norma C. Rotunno (202) 622-7900
Reviewing attorneys: Thomas D. Moffitt (202) 622-7900 and Henry S. 
Schneiderman (202) 622-7820
CC:IT&A

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

RIN: 1545-AX46
_______________________________________________________________________




2784. SECTION 414(Q) REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 414(q)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide the definition of highly compensated 
employee.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111277-99
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080
Reviewing attorney: Marjorie Hoffman (202) 622-6030
CC:TEGE

Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AX48
_______________________________________________________________________




2785. ADDRESS CORRECTION

Priority: Info./Admin./Other

Legal Authority: 26 USC 25; 26 USC 103

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides that certain elections, revocations 
of those elections, and information reports, shall no longer be filed 
at the Philadelphia Service Center, but instead shall be filed at the 
place or places designated by the Commissioner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-104459-99
Drafting attorney: David E. White (202) 622-3980
Reviewing attorney: Timothy Jones (202) 622-3980
CC:TEGE

Agency Contact: David E. White, 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-AX51
_______________________________________________________________________




2786. COMPENSATION DEFERRED UNDER ELIGIBLE SECTION 457(B) PLANS (SECTION 
457 REGULATIONS)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 457

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations relate to deferred compensation plans of 
State and local governments and tax-exempt entities under section 457 
of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: State, Local

Federalism:  Undetermined

Additional Information: REG-105885-99
Drafting attorney: Cheryl E. Press (202) 622-6060
Reviewing attorney: Robert Patchell (202) 622-6060
CC:TEGE

Agency Contact: Cheryl E. Press, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6060
Fax: 202 622-4631

RIN: 1545-AX52
_______________________________________________________________________




2787. TAX ON INSURANCE COMPANIES OTHER THAN LIFE INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This project will supplement guidance on what is required in 
order

[[Page 26016]]

for a taxpayer to qualify as an insurance company subject to tax under 
section 831 of the Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-111660-99
Drafting attorney: Robert A. Martin (202) 622-7638
Reviewing attorney: Mark Smith (202) 622-3012
Treasury attorney: Louise Epstein (202) 622-1778
CC:FI&P

Agency Contact: Robert A. Martin, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7638

RIN: 1545-AX54
_______________________________________________________________________




2788. MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 367(a)

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The section 367(a) stock transfer regulations will be 
modified to address abuses under check-the-box and through the use of 
convertible stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-116053-99
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles Besecky (202) 622-3860
Treasury attorney: Je Young Baik (202 622-1773
CC:INTL

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

RIN: 1545-AX77
_______________________________________________________________________




2789. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION 
1297

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805(b); 26 USC 1297

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation defines a passive foreign investment company 
(PFIC) under section 1297(a) and the terms ``passive income'' and 
``passive asset'' under section 1297(b). The regulation will also set 
forth the exceptions to the terms ``passive income'' and ``passive 
asset,'' and provide guidance on the applicability of the look-through 
rule under section 1297(c), in cases involving PFICs that own 25 
percent or more of a lower-tier foreign subsidiary. In addition, the 
regulation will provide guidance under section 1297(e), regarding the 
overlap rule between a controlled foreign corporation and a PFIC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-100427-00
Drafting Attorney: Margaret A. Fung (202) 622-3840
Reviewing Attorney: Philip Garlett (202) 622-3840
Treasury Attorney: Michael Caballero (202) 622-0851
CC:INTL

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

RIN: 1545-AX78
_______________________________________________________________________




2790. PROCUREMENT/PURCHASING CARD REPORTING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6041; 26 USC 3406

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance on the rules, 
information reporting, penalties, and back-up withholding rules for 
purchases with procurement/purchasing cards.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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-105298-97
Drafting attorney: Donna J. Welch (202) 622-4910
CC:P&A:APJP

Agency Contact: Donna J. Welch, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910
Fax: 202 622-6232

RIN: 1545-AX86
_______________________________________________________________________




2791. STATUTE OF LIMITATIONS ON COLLECTION INSTALLMENT AGREEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6331(k)

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The purpose of this regulation is to provide for the 
prohibition of levy while an installment agreement is pending with the 
Secretary, while an installment agreement is in effect, and following 
the rejection or termination of an installment agreement. This levy 
prohibition is established in section 6331(k) of title 26, as added by 
the IRS Restructuring and Reform Act of 1998.

[[Page 26017]]

The goal of the regulations is to clarify when levy is prohibited and 
the effect of the prohibition on the statute of limitations for 
collection.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104762-00
Drafting attorney: Frederick W. Schindler (202) 622-3620
Reviewing attorney: Kathryn A. Zuba (202) 622-3620
CC:P&A:CB&S

Agency Contact: Frederick W. Schindler, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3620

RIN: 1545-AX89
_______________________________________________________________________




2792. CLARIFICATION OF FOREIGN-BASED COMPANY SALES INCOME RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 954

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies when a controlled foreign 
corporation cannot exclude sales income from foreign-based company 
sales income under the manufacturing exception by reason of activities 
of a contract manufacturer. Likewise, the branch rule under IRC section 
954(d)(2) does not apply to a contract manufacturer.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-106356-00
Drafting attorney: Valerie A. Mark (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
Treasury attorney: Patrick Brown (202) 622-1754
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

RIN: 1545-AX91
_______________________________________________________________________




2793. ASSUMPTION OF PARTNERSHIP LIABILITIES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 752

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation prevents the acceleration or duplication of 
losses through the assumption of liabilities in transactions involving 
partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-106736-00
Drafting attorney: Shannon Cohen (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
CC:P&SI

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

RIN: 1545-AX93
_______________________________________________________________________




2794. DETERMINATION OF BASIS OF PARTNERS' INTEREST; SPECIAL RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 705; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will limit the increase to basis under 
section 705, where a corporation directly or indirectly acquires an 
interest in a partnership that holds stock in the same corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/03/01                      66 FR 315
Public Hearing                  05/03/01                      66 FR 315
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106702-00
Drafting attorney: Barbara MacMillan (202) 622-3050
Reviewing attorney: Matthew Lay (202) 622-3050
Treasury attorney: James Sowell (202) 622-5721
CC:P&SI

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

RIN: 1545-AX94
_______________________________________________________________________




2795. LIKE-KIND EXCHANGES UNDER SECTION 168

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 148; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations, under section 168, relate to like-kind 
exchanges.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106590-00
Drafting attorney: Alan H. Cooper (202) 622-3110
Reviewing attorney: Charles Ramsey (202) 622-3110
Treasury attorney: Christopher Ohmes (202) 622-1335

[[Page 26018]]

CC:P&SI

Agency Contact: Alan H. Cooper, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

RIN: 1545-AX95
_______________________________________________________________________




2796. DEFINITION OF DIESEL FUEL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: The regulations will revise the definition of diesel fuel.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106457-00
Drafting attorney: Frank K. Boland (202) 622-3130
Reviewing attorney: Richard Kocak (202) 622-3130
Treasury attorney: John Parcell (202) 622-2578
CC:P&SI

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

RIN: 1545-AX97
_______________________________________________________________________




2797. TRANSFERS OF PROPERTY TO THIRD PARTIES ON BEHALF OF A SPOUSE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will provide rules for determining 
when a transfer of property by a spouse to a third party will be 
considered made on behalf of the other spouse(or former spouse).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107151-00
Drafting attorney: Edward C. Schwartz (202) 622-4960
Reviewing attorney: William A. Jackson (202) 622-4960
CC:IT&A

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

RIN: 1545-AX99
_______________________________________________________________________




2798. GUIDANCE UNDER SECTION 894

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 894(c) for 
imposing tax liability on foreign persons receiving U.S. source income 
from entities treated as domestic corporations for U.S. tax purposes, 
and as fiscally transparent entities under the laws of the 
jurisdiction, whose treaty with the United States is being invoked.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-107101-00
Drafting attorney: Karen A. Rennie-Quarrie (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: Patrick Brown (202) 622-1754
CC:INTL

Agency Contact: Shawn Renee Pringle, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3850

Karen Rennie Quarrie, Attorney-Advisor, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3880

RIN: 1545-AY03
_______________________________________________________________________




2799. GUIDANCE NECESSARY TO FACILITATE ELECTRONIC TAX ADMINISTRATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6011

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: This regulation will amend regulations to allow electronic 
filing for all attachments to Form 1040.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-107184-00
Drafting attorney: Sara P. Shepherd (202) 622-4910
Reviewing attorney: George J. Blaine (202) 622-4910
CC:P&A:APJP

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

RIN: 1545-AY04
_______________________________________________________________________




2800. REVISION OF CIRCULAR NO. 230

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 330

CFR Citation: 31 CFR 10

Legal Deadline: None

Abstract: This document amends the regulation governing practice before 
the IRS, which appears in the Code of Federal Regulations and in 
pamphlet form as Treasury Department Circular

[[Page 26019]]

No. 230, Regulations Governing the Practice of Attorneys, Certified 
Public Accountants, Enrolled Agents, Enrolled Actuaries, and Appraisers 
Before the IRS. This document also invites individuals and 
organizations to submit comments on revising Circular No. 230 to 
address general standards of practice and standards of practice in the 
case of tax shelters.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/05/00                    65 FR 30375
NPRM                            01/12/01                    66 FR 30375
Public Hearing                  05/02/01                     66 FR 3276
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111835-99
Drafting attorney: Brinton T. Warren (202) 622-4940
Reviewing attorney: Richard Goldstein (202) 622-7880
CC:P&A:APJP

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

RIN: 1545-AY05
_______________________________________________________________________




2801. DAMAGES UNDER SECTION 7433

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will implement a number of new provisions of 
section 7433, including raising the cap on damages for the intentional 
or reckless disregard of the Internal Revenue Code, or regulations in 
connection with a collection action, authorizing actions for the 
negligent disregard of the Code or regulations. It will provide rules 
with respect to administrative claims for damages caused by violations 
of the automatic stay and discharge provisions of the Bankruptcy Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107366-00
Drafting attorney: Robert A. Miller (202) 622-3640
 Kevin B. Connelly (202) 622-3630
CC:P&A:CB&S

Agency Contact: Kevin B. Connelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3630

Robert A. Miller, Technical Assistant, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3640

RIN: 1545-AY08
_______________________________________________________________________




2802. GUIDANCE UNDER SECTION 894 (TEMPORARY)

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulation provides guidance under section 
894(c) for imposing tax liability on foreign persons receiving United 
States source income from entities treated as domestic corporations for 
United States tax purposes, and as fiscally transparent entities under 
the laws of the jurisdiction, whose treaty with the United States is 
being invoked.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/27/01                    66 FR 12445
Hearing                         06/26/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-107101-00
Drafting attorney: Karen A. Rennie-Quarrie (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: Patrick Brown (202) 622-1754
CC:INTL

Agency Contact: Shawn Renee Pringle, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3850

Karen Rennie Quarrie, Attorney-Advisor, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3880

RIN: 1545-AY13
_______________________________________________________________________




2803. ELECTING MARK-TO-MARKET FOR MARKETABLE STOCK OF A PFIC

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1296

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation describes the methods and procedures for 
electing mark-to-market treatment for marketable stock of a PFIC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-112306-00
Drafting attorney: Laurie Hatten-Boyd (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
CC:INTL

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

RIN: 1545-AY17
_______________________________________________________________________




2804. ACTIVE CONDUCT OF AN INSURANCE BUSINESS UNDER PFIC RULES

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

Legal Authority: 26 USC 7805; 26 USC 1298; 26 USC 1297

[[Page 26020]]

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will define the term ``active conduct of an 
insurance company'' as used in section 1297(b)(2)(B).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-113334-00
Drafting attorney: Mark R. Pollard (202) 622-3840
Reviewing attorney: Roger Brown (202) 622-3208
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

Agency Contact: Mark R. Pollard, 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-AY20
_______________________________________________________________________




2805. GUIDANCE ON CHANGES TO THE LAWS FOR CORPORATE ESTIMATED TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6655

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The regulations provide guidance on changes to the law for 
corporate estimated taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107722-00
Drafting attorney: Robert A. Desilets, Jr. (202) 622-4910
Reviewing attorneys: Pamela W. Fuller (202) 622-4910
Treasury attorneys: Rita Cavanagh (202) 622-1981
 Christopher Ohmes (202) 622-1335

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

RIN: 1545-AY22
_______________________________________________________________________




2806. SECTION 1445 REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1445; 26 USC 897

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation requires the use of taxpayer identifying 
numbers on submissions made by foreign taxpayers to reduce or eliminate 
tax under sections 897 and 1445.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-106876-00
Drafting attorney: Robert Walter Lorence (202) 622-3860
Reviewing attorney: Charles Besecky (202) 622-3860
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

Agency Contact: Robert Walter 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-AY24
_______________________________________________________________________




2807. DISALLOWANCE OF DEDUCTIONS AND CREDITS FOR FAILURE TO FILE TIMELY 
RETURN

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 882(c); 26 USC 874

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This document amends regulations concerning disallowance of 
deductions and credits claimed by foreign corporations and nonresident 
aliens for failure to timely file a U.S. income tax return in 
accordance with IRC sections 882(c) and 874(a).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-107100-00
Drafting attorney: Leslie R. Rubenstein (202) 622-3880
Reviewing attorney: W. Edward Williams (202) 622-3880
Treasury attorney: Dirk Suringa (202) 622-1779
CC:INTL

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

RIN: 1545-AY26
_______________________________________________________________________




2808. SECTION 1503(D) REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will revise provisions in section 1503(d) 
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-106879-00
Drafting attorney: Camille B. Evans (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL

[[Page 26021]]

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

RIN: 1545-AY27
_______________________________________________________________________




2809. WITHHOLDING TAX ON FOREIGN PARTNERS' SHARE OF EFFECTIVELY 
CONNECTED INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance for partnership 
withholding on partner's allocable share of partnership's effectively 
connected income.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-108524-00
Drafting attorney: Eliana D. Dolgoff (202) 622-3860 and Jeffrey L. 
Vinnik (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
Treasury attorney: Patrick Brown (202) 622-1754
CC:INTL

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

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

RIN: 1545-AY28
_______________________________________________________________________




2810. TAXABLE YEARS OF CFCS AND FPHCS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 898

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide definitions and rules for 
determining the required year for CFCs and FPHCs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-108523-00
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Phyllis Marcus (202) 622-3840.
Treasury attorney: Patrick Brown (202) 622-1754.
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

RIN: 1545-AY30
_______________________________________________________________________




2811. MID-CONTRACT CHANGE IN TAXPAYER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 460

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The regulations will address issues presented by a change in 
the taxpayer accounting for a long-term contract.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-105946-00
Drafting attorney: John M. Aramburu (202) 622-4960
Reviewing attorney: Robert M. Casey (202) 622-4960
Treasury attorney: Christine Turgeon (202) 622-0865
CC:IT&A

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

RIN: 1545-AY31
_______________________________________________________________________




2812. GUIDANCE UNDER SECTION 6050P REGARDING INFORMATION REPORTING ON 
CANCELLATION OF INDEBTEDNESS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 6050

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to information reporting on the 
cancellation of indebtedness.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-107524-00
Drafting attorney: Sharon Lee Hall (202) 622-4930
Reviewing attorney: Christopher F. Kane (202) 622-4930
Treasury attorney: Michael Novey (202) 622-1339
CC:IT&A

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

RIN: 1545-AY35

[[Page 26022]]

_______________________________________________________________________




2813. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will address the allocation of income and 
deductions from intangible property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-115037-00
Drafting attorney: John M. Breen (202) 874-1490
Reviewing attorney: Anne P. Shelburne (202) 874-1490
Treasury attorney: Rocco Femia (202) 622-1755
CC:INTL

Agency Contact: John M. Breen, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza SW, Washington, 
DC 20224
Phone: 202 874-1490
Fax: 202 874-1896

RIN: 1545-AY38
_______________________________________________________________________




2814. DOLLAR-VALUE LIFO

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 472; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance under the dollar-value 
last-in, first-out (LIFO) inventory method for taxpayers that define 
LIFO items based on components of cost.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107580-00
Drafting attorney: Jeffery G. Mitchell (202) 622-7804
Reviewing attorney: Eric L. Pleet (202) 622-4970
Treasury attorney: Christine Turgeon (202) 622-0865
CC:IT&A

Agency Contact: Jeffery G. Mitchell, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7804

RIN: 1545-AY39
_______________________________________________________________________




2815. SECTION 83-1032 CONFORMING CHANGES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations clarify the mechanics of sections 1.83-6(b) 
and 1.83-6(d).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113078-00
Drafting attorney: Jean Marie Casey (202) 622-6030
Reviewing attorney: Charles Deliee (202) 622-6030
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE

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

RIN: 1545-AY40
_______________________________________________________________________




2816. SECTION 367(D) REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367(d)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the income tax consequences 
relating to the transfer of intangibles to foreign corporations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-106877-00
Drafting attorney: Eliana D. Dolgoff (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: Rocco Femia (202) 622-1755
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

RIN: 1545-AY41
_______________________________________________________________________




2817. SECTION 355(E) GUIDANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 355

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides 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 
corporation or controlled corporation is acquired pursuant to a plan 
that includes the distribution.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/01                       66 FR 66
Hearing                         05/15/01                       66 FR 66
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-107566-00

[[Page 26023]]

Drafting attorney: Brendan O'Hara (202) 622-7530
Reviewing attorney: Vicki Hyche (202) 622-7530
CC:CORP

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

RIN: 1545-AY42
_______________________________________________________________________




2818.  GUIDANCE UNDER SECTION 817A REGARDING MODIFIED GUARANTEED 
CONTRACTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 817A

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance to issuers of modified 
guaranteed contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-248110-96
Drafting attorney: Ann H. Logan (202) 622-3970
Reviewing attorney: Donald J. Drees (202) 622-3970
Treasury attorney: Louise Epstein (202) 622-1778
CC:FI&P

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

RIN: 1545-AY48
_______________________________________________________________________




2819.  APPLICATION OF SECTION 338 TO INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 148; 26 USC 7805; 26 USC 721; 26 USC 338

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations prescribe the manner in which the various 
provisions of subchapter L, chapter 1, Subtitle A of the Internal 
Revenue Code apply to asset acquisitions deemed to occur by reason of a 
section 338 election as well as to actual acquisitions of insurance 
company assets subject to section 1060.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-118861-00
Drafting attorneys: Gary E. Geisler (202) 622-3970 and Theresa Abell 
(202) 622-7790
Reviewing attorney: Stephen D. Hooe (202) 622-3762
Treasury attorney: Audrey Nacamuli (202) 622-0869
CC:FI&P

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

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

RIN: 1545-AY49
_______________________________________________________________________




2820.  ELECTRONIC FURNISHING OF PAYEE STATEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6050

CFR Citation: 26 CFR 1; 26 CFR 31

Legal Deadline: None

Abstract: This document amends the regulations to allow for the 
electronic furnishing of Forms W-2, 1098-E and 1098-T.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/14/01                    66 FR 10247
NPRM Comment Period End         08/07/01
Public Hearing                  08/28/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Additional Information: REG-107186-00
Drafting attorney: Laura C. Nash (202) 622-4910
Reviewing attorney: George J. Blaine (202) 622-4910
Treasury attorney: Stephanie Robinson (202) 622- 9858
CC:PA:AP JP

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

RIN: 1545-AY50
_______________________________________________________________________




2821.  PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address previously taxed earnings and 
profits under subpart F.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-121509-00
Drafting attorney: Kelley M. Kogan (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
CC:INTL

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

RIN: 1545-AY54

[[Page 26024]]

_______________________________________________________________________




2822.  LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 357

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to the assumption of liabilities in 
certain corporate transactions under section 301 and section 357 of the 
Internal Revenue Code. The regulations affect corporations and their 
shareholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106791-00
Drafting attorney: Mary Elizabeth Dean (202) 622-7550
Reviewing attorney: Debra Carfisle (202) 622-7550
CC:CORP

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

RIN: 1545-AY55
_______________________________________________________________________




2823.  GUIDANCE NECESSARY TO FACILITATE ELECTRONIC TAX 
ADMINISTRATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6011

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This document amends temporary regulations to allow 
electronic filing for all forms and attachments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107184-00
Drafting attorney: Sara P. Shepherd (202) 622-4910
Reviewing attorney: George Blaine (202) 622-4910
Treasury attorney: Stephanie Robinson (202) 622-9858
CC:P&A:AP JP

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

RIN: 1545-AY56
_______________________________________________________________________




2824.  NORMAL RETIREMENT AGE FOR PENSION PLANS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: These regulations will provide guidance regarding the 
determination of normal retirement age in a pension plan, including a 
money purchase pension plan, target benefit plan and defined benefit 
plan. Section 411(a)(8) defines the term normal retirement age as the 
earlier of: 1) the time a participant attains normal retirement age 
under the plan; or 2) the later of the time a plan participant attains 
age 65, or the 5th anniversary of the time a plan participant commenced 
participation in the plan. These regulations also would provide section 
411(d)(6) relief for amendments that modify a pension plan's normal 
retirement age to conform with the proposed regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125499-00
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE

Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AY61
_______________________________________________________________________




2825.  SECTION 706 AND FOREIGN PARTNERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 706

Legal Deadline: None

Abstract: The regulations will provide guidance regarding the 
determination under section 706(b) of the taxable year of a partnership 
with foreign partners.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3920
Public Hearing                  06/06/01                     66 FR 3920
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-104876-00
Drafting attorney: Daniel Carmody (202) 622-3080
Reviewing attorney: William P. O'Shea (202) 622-3000
Treasury attorney: Deborah Harrington (202) 622-1788
CC:P&SI

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

RIN: 1545-AY66
_______________________________________________________________________




2826.  LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 357

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to the assumption of liabilities in 
certain

[[Page 26025]]

corporate transactions under section 357 of the Internal Revenue Code. 
The regulations affect corporations and their shareholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-100818-01
Drafting attorney: Mary Elizabeth Dean (202) 622-7550
Reviewing attorney: Debra Carlisle (202) 622-7550
CC:CORP

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

RIN: 1545-AY74
_______________________________________________________________________




2827.  NORMALIZATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 167; 26 USC 168; 26 USC 46

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Upon sale or deregulation of generation assets, may the EDFIT 
and the ADITC be ``flowed-through'' to ratepayers without violating the 
normalization requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-104385-01
Drafting attorney: David Selig (202) 622-3040
Reviewing attorney: Peter Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:P&SI

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

RIN: 1545-AY75
_______________________________________________________________________




2828.  QUALIFIED S ELECTION FOR TESTAMENTARY TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 148; 26 USC 7805; 26 USC 721

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to the qualified subchapter S 
election for testamentary trusts. A testamentary trust may qualify as a 
permitted shareholder of an S corporation for a 2-year period beginning 
on the day the stock is transferred to the trust. This proposed 
amendment would provide that the beneficiary of a qualifying 
testamentary trust that also qualifies as a qualified subchapters S 
trust (QSST) may make a QSST election at any time up to the end of the 
16-day-and-2-month period beginning after the 2-year qualifying period.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-106431-00
Drafting attorney: Deane M. Burke (202) 622-3070
Reviewing attorney: Mary Beth Collins (202) 622-3070
CC:P&SI

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

RIN: 1545-AY76
_______________________________________________________________________




2829.  DISCLOSURE OF RETURNS AND RETURN INFORMATION OF OTHER 
AGENCIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation permits the Commissioner to authorize 
agencies with access to returns and return information under section 
6103 of the Code to redisclose such returns and return information, 
with the Commissioner's approval, to the Congressional Budget Office 
and other agencies authorized to receive such information in accordance 
with IRC section 6103.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-105344-01
Drafting attorney: Julie C. Schwartz (202) 622-4570
Reviewing attorney: David L. Fish (202) 622-4580
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:P&A:D&PL

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

RIN: 1545-AY77

[[Page 26026]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2830. 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                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209020-86 (INTL-061-86)
Drafting attorney: Anne Devereaux (202) 622-3850 and Irwin Halpern 
(202) 622-3850
Reviewing attorney: Barbara A. 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

Irwin Halpern, Senior Technical Reviewer, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3850

RIN: 1545-AC09
_______________________________________________________________________




2831. 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                            02/08/00                     65 FR 6065
Public Hearing                  06/08/00                     65 FR 6065
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

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
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

RIN: 1545-AJ57
_______________________________________________________________________




2832. REGULATIONS UNDER SECTION 367 TO REFLECT SECTION 131 OF THE TAX 
REFORM ACT OF 1984 (PUB. 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                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Agency Contact: Michael H. Frankel, Senior Technical Reviewer, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3860

RIN: 1545-AK74
_______________________________________________________________________




2833. 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: These 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

[[Page 26027]]

transfers of real property interests and the extent to which certain 
reorganizations will be treated as sales of property at fair market 
value.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

RIN: 1545-AK79
_______________________________________________________________________




2834. 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                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-208270-86 (INTL-965-86)
Drafting attorney: Steven D. Jensen (202) 622-3870
Reviewing attorneys: Jeffrey Dorfman and Rebecca I. Rosenberg (202) 
622-3870
Treasury attorney: Patrick Brown (202) 622-1754
CC:INTL

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

RIN: 1545-AM12
_______________________________________________________________________




2835. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 964

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will develop procedures for foreign 
corporations, or U.S. shareholders to make tax elections in computing 
functional currency earnings and profits under the 1986 Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/90                     55 FR 2535
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209022-89 (INTL-087-89)
Drafting attorney: Anne Devereaux (202) 622-3850
Reviewing attorney: Barbara A. 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

RIN: 1545-AM90
_______________________________________________________________________




2836. LIMITATIONS ON PASSIVE ACTIVITY LOSSES AND CREDITS--SELF-CHARGED 
ITEMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 0469

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will address the treatment of self-charged 
items of income and expense in connection with transactions between 
passthrough entities and owners of interests in those entities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/05/91                    56 FR 14034
Hearing                         09/06/91                    56 FR 14040
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209365-89 (PS-39-89)
Drafting attorney: Danielle M. Grimm (202) 622-3070
Reviewing attorney: Donna M. Young (202) 622-3070
Treasury attorney: John Parcell (202) 622-2578
CC:P&SI

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

RIN: 1545-AN64
_______________________________________________________________________




2837. 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                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

[[Page 26028]]

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

RIN: 1545-AO24
_______________________________________________________________________




2838. 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                            01/21/00                     65 FR 3402
Public Hearing                  07/18/00                     65 FR 3402
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-208254-90 (INTL-107-90)
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Anne Devereaux (202) 622-3850
Treasury attorney: Michael Kirsch (202) 622-0871
CC:INTL

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

RIN: 1545-AO72
_______________________________________________________________________




2839. 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 and changes made to 
section 679 by the Small Business Job Protection Act of 1996.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/07/00                    65 FR 48185
Public Hearing                  11/08/00                    65 FR 48185
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209038-89 (INTL-243-89)
Drafting attorney: Willard W. Yates (202) 622-3880
Reviewing attorney: M. Grace Fleeman (202) 622-3880
Treasury attorney: Michael Kirsch (202) 622-0871
CC:INTL

Agency Contact: Willard W. Yates, 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-AO75
_______________________________________________________________________




2840. TAXATION OF GLOBAL TRADING

Priority: Substantive, Nonsignificant

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                    12/00/01

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 S. 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

RIN: 1545-AP01
_______________________________________________________________________




2841. 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                    12/00/01

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

[[Page 26029]]

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

RIN: 1545-AP30
_______________________________________________________________________




2842. SECTION 1.163-1(B)(2)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 165

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

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

RIN: 1545-AP33
_______________________________________________________________________




2843. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations define the term ``highly compensated 
employee'' under section 414(q) of the Code. Temporary and proposed 
regulations, under sections 414(q) and 414(s), were published February 
19, 1988 (53 FR 4965). Final regulations, under section 414(s), were 
published September 19, 1991 (56 FR 47659) under project EE-129-86. The 
regulations under 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 REG-209558-92 (EE-32-92).

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                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local

Federalism:  Undetermined

Additional Information: REG-209558-92
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AQ74
_______________________________________________________________________




2844. 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                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209619-93 (IA-17-93)
Drafting attorney: Marilyn E. Brookens (202) 622-4920
Reviewing attorney: Michael Montemuno (202) 622-4920
CC:IT&A

Agency Contact: Marilyn E. Brookens, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-1585

RIN: 1545-AR82
_______________________________________________________________________




2845. 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 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                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209733-93 (INTL-65-93)
Drafting attorney: Margaret A. Fung (202) 622-3840
Reviewing attorney: Philip Garlett (202) 622-3840
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

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

RIN: 1545-AS46

[[Page 26030]]

_______________________________________________________________________




2846. EFFECT OF THE FAMILY AND MEDICAL LEAVE ACT ON THE OPERATION OF 
CAFETERIA PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation contains additions to the Income Tax 
regulations, under section 125 of the Internal Revenue Code, relating 
to cafeteria plans, to answer a number of questions that have been 
raised about how the requirements under the Family and Medical Leave 
Act of 1993, Public Law 103-3, affect the operation of cafeteria plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/95                    60 FR 66229
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209767-95 (EE-20-95)
Drafting attorney: Christine Keller (202) 622-6080
Reviewing attorney: Harry Beker (202) 622-6080
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE

Agency Contact: Christine Keller, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AT47
_______________________________________________________________________




2847. PROPOSED REGULATION UNDER SECTIONS 882 AND 884

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance relating to the 
treatment of financial instruments and loans between partners and 
partnerships for purposes of sections 882 and 884.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/96                     61 FR 9377
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209805-95 (INTL-054-95)
Drafting attorney: Ginny Y. Chung (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
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

RIN: 1545-AT96
_______________________________________________________________________




2848. 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 an existing lease or similar agreement. The 
transferor or any other party has already received, or retains the 
right to receive amounts that are allocable to periods after the 
transfer. The regulations prevent tax avoidance by recharacterizing 
obligation-shifting transactions in a manner that clearly reflects the 
parties' income,

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/27/96                    61 FR 68175
NPRM Comment Period End         04/08/97
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209817-96 (FI-10-96)
Drafting attorney: Thomas M. Preston (202) 622-3940
Reviewing attorney: William E. Coppersmith (202) 622-3930
Treasury attorney: Michael Novey (202) 622-1339
CC:FI&P

Agency Contact: Thomas M. Preston, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3940

RIN: 1545-AU19
_______________________________________________________________________




2849. ELECTING SMALL BUSINESS TRUST

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/29/00                    65 FR 82963
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

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
Treasury attorney: Elizabeth Askey (202) 622-0224
CC: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

RIN: 1545-AU76

[[Page 26031]]

_______________________________________________________________________




2850. 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                            06/30/99                    64 FR 35102
Final Action                    10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-101519-97
Drafting attorney: Kevin B. Connelly (202) 622-3630
Reviewing attorney: Robert Miller (202) 622-3630
Treasury attorney: Rita Cavanagh (202) 622-1981
CC:P&A:CB&S

Agency Contact: Kevin B. Connelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3630

RIN: 1545-AV00
_______________________________________________________________________




2851. REGULATIONS UNDER SECTION 1441 REGARDING THE ELECTRONIC 
TRANSMISSION OF WITHHOLDING CERTIFICATES

Priority: Substantive, Nonsignificant

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                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-107872-97
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

RIN: 1545-AV27
_______________________________________________________________________




2852. EIC ELIGIBILITY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/25/98                    63 FR 34615
NPRM Comment Period End         09/23/98
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-116608-97
Drafting attorney: Karin Loverud (202) 622-6060
Reviewing attorney: Paul Feinberg (202) 622-6000
Treasury attorney: Mark Hoffenberg (202) 622-0869
CC:TEGE

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

RIN: 1545-AV61
_______________________________________________________________________




2853. 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 701
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Local

Additional Information: REG-119499-97
Drafting attorney: Timothy L. Jones (202) 622-3980
Reviewing attorney: Rebecca L. Harrigal (202) 622-3980
Treasury attorney: Stephen Watson (202) 622-1322
CC:TE/EG:EOEG:TEB

Agency Contact: Timothy L. 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
_______________________________________________________________________




2854. INTEREST ON EDUCATION LOANS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 221; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

[[Page 26032]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/99                     64 FR 3257
Final Action                    10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-116826-97
Drafting attorney: Nicole E. Francis (202) 622-3653
CC:IT&A

Agency Contact: Nicole E. Francis, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3653

RIN: 1545-AW01
_______________________________________________________________________




2855. 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 year's tax liability.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/08/99                    64 FR 54836
Public Hearing                  02/15/00
Final Action                    10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-121063-97
Drafting attorney: John Moran (202) 622-4940
Reviewing attorney: Judith M. Wall (202) 622-4940
Treasury attorney: Lily Kahng (202) 622-0160
CC:IT&A

Agency Contact: John Moran, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-6232

RIN: 1545-AW05
_______________________________________________________________________




2856. MARK-TO-MARKET ACCOUNTING FOR DEALERS IN COMMODITIES AND TRADERS 
IN SECURITIES AND COMMODITIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/28/99                     64 FR 4374
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-104924-98
Drafting attorney: Jo Lynn Ricks (202) 622-3920
Reviewing attorney: Alvin Kraft (202) 622-3920
CC:FI&P

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

RIN: 1545-AW06
_______________________________________________________________________




2857. 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
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AW13
_______________________________________________________________________




2858. 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                            12/18/00                    65 FR 79015
Final Action                    10/00/01

Regulatory Flexibility Analysis Required: Undetermined

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:P&SI

Agency Contact: Faith Colson, Attorney-Advisor, Department of the

[[Page 26033]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3060

RIN: 1545-AW24
_______________________________________________________________________




2859. 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                            03/02/00                    65 FR 11272
Public Hearing                  06/20/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110311-98
Drafting attorneys: Mary Beth Collins (Carchia) (202) 622-3080 and 
Catherine Moore (202) 622-3080
Reviewing attorney: Donna Young (202) 622-3070
CC:P&SI

Agency Contact: Mary Beth Collins (Carchia), Attorney-Advisor, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3080

Catherine Moore, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3080

RIN: 1545-AW26
_______________________________________________________________________




2860. INTERCOMPANY OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides 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                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-105964-98
Drafting attorney: Heather Johnson (202) 622-7750
Reviewing attorney: Michael Wilder (202) 622-7750
CC:CORP

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

RIN: 1545-AW30
_______________________________________________________________________




2861. DISREGARDED ENTITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance under section 368, regarding 
corporate transactions involving disregarded entities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/16/00                    65 FR 31115
Comment Period End              08/14/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106186-98
Drafting attorney: Reginald Mombrun (202) 622-7750
Reviewing attorney: Mark Jennings (202) 622-7750
CC:CORP

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

RIN: 1545-AW36
_______________________________________________________________________




2862. PAYMENT OF TAXES 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/15/98                    63 FR 69031
NPRM Comment Period End         03/15/99
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-111435-98
Drafting attorney: Robert Taylor (202) 622-4940
Reviewing attorney: Michael Gompertz (202) 622-4940
Treasury attorney: John Parcell (202) 622-2578
CC:P&A:APJP

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

RIN: 1545-AW37
_______________________________________________________________________




2863. MIDDLEMAN REGULATION UNDER SECTIONS 6041 AND 6045

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6041; 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides 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) an investment advisor.

[[Page 26034]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/17/00                    65 FR 61292
Public Hearing                  02/07/01
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-246249-96
Drafting attorney: Nancy L. Rose (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
Treasury attorney: Michael Novey (202) 622-1339
CC:PA:APJP

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

RIN: 1545-AW48
_______________________________________________________________________




2864. SPECIAL RULES REGARDING THE SIMPLIFIED PRODUCTION AND RESALE 
METHODS WITH HISTORIC ABSORPTION RATIO ELECTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 263A; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations that are amended under section 263A relate to 
the simplified production and resale methods with historic absorption 
ratio election.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/99                    64 FR 27936
Final Action                    09/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-113910-98
Drafting attorney: Cheryl L. Oseekey (202) 622-4970
Reviewing attorney: Thomas Luxner (202) 622-4970
Treasury attorney: Christine Turgeon (202) 622-0865
CC:IT&A

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

RIN: 1545-AW54
_______________________________________________________________________




2865. 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                            07/13/99                    64 FR 37677
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113909-98
Drafting attorney: Valerie A. Mark (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
Treasury attorney: Patrick Brown (202) 622-1754
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

RIN: 1545-AW63
_______________________________________________________________________




2866. RELIEF FROM JOINT AND SEVERAL LIABILITY ON JOINT RETURN

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6015

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3888
Final Action                    12/00/01

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 a paperwork burden associated with this 
action.
Additional Information: REG-106446-98
Drafting attorney: Bridget Finkenaur (202) 622-4940
Reviewing attorney: Judith M. Wall (202) 622-4940
Treasury attorney: Lily Kahng (202) 622-0160
CC:P&A:APJP

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

RIN: 1545-AW64
_______________________________________________________________________




2867. EDUCATION CREDITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 25A

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/06/99                      64 FR 794
Final Action                    12/00/01

[[Page 26035]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106388-98
Drafting attorney: Donna J. Welch (202) 622-4910
Treasury attorney: Susan Brown (202) 622-0999
CC:P&A:APJP

Agency Contact: Donna J. Welch, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910
Fax: 202 622-6232

RIN: 1545-AW65
_______________________________________________________________________




2868. INFORMATION REPORTING FOR PAYMENTS OF TUITION AND INTEREST ON 
EDUCATION LOANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6050S

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The regulations relate to the requirements for filing 
information returns for payments of qualified tuition and related 
expenses. The regulations relate 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                            12/20/00                    65 FR 79788
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-105316-98
Drafting attorney: Donna J. Welch (202) 622-4910
Reviewing attorney: John McGreevy (202) 622-4910
Treasury attorney: Susan Brown (202) 622-0999
CC:P&A:APJP

Agency Contact: Donna J. Welch, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910
Fax: 202 622-6232

RIN: 1545-AW67
_______________________________________________________________________




2869. 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: Regulations modifying the Unified Partnership Audit 
Procedures. These changes are based on statutory changes enacted in 
1997 and 1998. As part of this project, all of the Unified Partnership 
Audit Procedure regulations will be brought final.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/99                     64 FR 3886
Cancellation of Public Hearing  04/06/99                    64 FR 16640
Correction To NPRM              04/19/99                    64 FR 19217
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106564-98
Drafting attorney: Horace Howells (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
Treasury attorney: James Sowell (202) 622-5721
CC:P&SI

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

RIN: 1545-AW86
_______________________________________________________________________




2870. 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. Prior to the amendment, 
doubt as to collectibility, doubt as to liability, or both, were the 
only grounds for consideration of compromise cases. The goal of this 
regulation is to permit consideration of other factors in compromising 
tax liability.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/21/99                    64 FR 39106
Final Action                    07/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116991-98
Drafting attorney: Frederick W. Schindler (202) 622-3620
Reviewing attorney: Kathryn A. Zuba (202) 622-3620
Treasury attorney: Rita Cavanagh (202) 622-1981
CC:P&A:CB&S

Agency Contact: Frederick W. Schindler, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3620

RIN: 1545-AW88
_______________________________________________________________________




2871. 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: The regulation provides 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                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 26036]]

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:P&A:CB&S

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-AW90
_______________________________________________________________________




2872. 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: The regulation provides 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

________________________________________________________________________

NPRM                            01/22/99                     64 FR 3461
Cancellation of Public Hearing  06/11/99                    64 FR 31529
Final Action                    12/00/01

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:P&A:CB&S

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
_______________________________________________________________________




2873. 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: These regulations 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                            02/03/00                     65 FR 5805
Comment Period Ends             04/19/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209135-88
Drafting attorney: Lisa A. Fuller (202) 622-7750
Reviewing attorney: Christopher Schoen (202) 622-7750
CC:CORP

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

RIN: 1545-AW92
_______________________________________________________________________




2874. QUALIFIED OFFERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/01                      66 FR 749
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-121928-98
Drafting attorney: Thomas D. Moffitt (202) 622-7900
Reviewing attorney: Henry Schneiderman (202) 622-7820
Treasury attorney: Rita Cavanaugh (202) 622-1981
CC:IT&A

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
_______________________________________________________________________




2875. NOTICE OF CONTACT OF THIRD PARTIES--SECTION 7602(C)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation implements and interprets section 7602(c), 
concerning third-party contacts, so they can understand how the law 
will affect them. The Restructuring and Reform Act of 1998, section 
3417(a), created a new section 7602(c), which requires that the IRS may 
not contact third parties with request to the determination or 
collection of the tax liability of a taxpayer without providing 
reasonable notice to the taxpayer in advance. It also requires the IRS 
to keep a list of contacts and provide it periodically to the taxpayer.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/01                       66 FR 77
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104906-99
Drafting attorney: Bryan T. Camp (202) 622-3630
Reviewing attorney: Lawrence Schattner (202) 622-3630
CC:P&A:CB&S

Agency Contact: Bryan T. Camp, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 26037]]

Phone: 202 622-3630

RIN: 1545-AX04
_______________________________________________________________________




2876. ALLOCATION OF RESEARCH CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 41

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on the proper method of 
computing the research credit for a controlled group. In addition, this 
regulation will provide guidance on the allocation of the research 
credit among members of the controlled group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/00                      65 FR 258
Public Hearing                  04/26/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-105606-99
Drafting attorney: Lisa Shuman (202) 622-3120
Reviewing attorney: James Gibbons (202) 622-3120
Treasury attorney: Christopher Ohmes (202) 622-1335
CC: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

RIN: 1545-AX05
_______________________________________________________________________




2877. DELAY RENTAL PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 263A

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations would clarify that section 1.612-3(c) applies 
to delay rental payments to the extent that section 263A does not 
require the payments to be capitalized.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/08/00                     65 FR 6090
Public Hearing                  05/26/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-103882-99
Drafting attorney: Brenda M. Stewart (202) 622-3120
Reviewing attorney: J.H. Makurath (202) 622-3120
Treasury attorney: John Parcell (202) 622-2578
CC:P&SI

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

RIN: 1545-AX06
_______________________________________________________________________




2878. COORDINATION OF SECTIONS 755 AND 1060

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 755; 26 USC 1060

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules for determining the fair 
market value of partnership assets for the purpose of allocating basis 
adjustments under sections 732(d), 734(b) and 743(b) among partnership 
assets under section 755, using the residual method of section 1060.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/05/00                    65 FR 17829
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107872-99
Drafting attorney: Craig Gerson (202) 622-3050
Reviewing attorney: Matthew Lay (202) 622-3050
CC:P&SI

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

RIN: 1545-AX18
_______________________________________________________________________




2879. DOLLAR-VALUE LIFO REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 472

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on the dollar-value LIFO 
method, including the inventory price index computation (IPIC) method.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/19/00                    65 FR 31841
Final Action                    10/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-107644-98
Drafting attorney: Jeffery G. Mitchell (202) 622-7804
Reviewing attorney: Eric Pleet (202) 622-4970
Treasury attorney: Christine Turgeon (202) 622-0865
CC:IT&A

Agency Contact: Jeffery G. Mitchell, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7804

RIN: 1545-AX20
_______________________________________________________________________




2880. EXCLUSION OF GAIN ON THE SALE OR EXCHANGE OF PRINCIPAL RESIDENCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 121

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These rules reflect changes made by the Taxpayer Relief Act 
of 1997 to sections 121 and 1034 of the Code, relating to the exclusion 
of gain from the sale or exchange of a taxpayer's principal residence.

[[Page 26038]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/10/00                    65 FR 60136
Public Hearing                  01/23/01
Final Action                    10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-105235-99
Drafting attorney: Marilyn E. Brookens (202) 622-4920
Reviewing attorney: George B. Baker (202) 622-4920
Treasury attorney: Lily Kahng (202) 622-0160
CC:IT&A

Agency Contact: Marilyn E. Brookens, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-1585

RIN: 1545-AX28
_______________________________________________________________________




2881. CHANGES IN ENTITY CLASSIFICATION: SPECIAL RULE FOR CERTAIN FOREIGN 
ELIGIBLE ENTITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7701

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation provides rules relating to certain 
conversions of foreign eligible entities under the entity 
classification rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/29/99                    64 FR 66591
Public Hearing                  01/31/00
NPRM Comment Period End         02/28/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-110385-99
Drafting attorney: Mark D. Harris (202) 622-3050
Reviewing attorney: Philip Tretiak (202) 622-3860
CC:INTL

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

RIN: 1545-AX39
_______________________________________________________________________




2882. AGENT FOR THE GROUP UNDER SECTION 1.1502-77

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation revises the rules under section 1.1502-77 
governing the common parent as agent for the consolidated group and the 
designation of a new agent when the common parent ceases to exist; 
revises the rule under section 1.1502-78 for an application for 
carryback adjustment with respect to a loss a rising in another 
consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/26/00                    65 FR 57755
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103805-99
Drafting attorney: George Robert Johnson (202) 622-7930
Drafting attorney: Gerald B. Fleming (202) 622-7770
Reviewing attorney: Steven J. Hankin (202) 622-7930
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:CORP

Agency Contact: George Robert Johnson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7930
Fax: 202 622-6889

Gerald B. Fleming, Senior Techincian Reviewer, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770
Fax: 202 927-1851

RIN: 1545-AX56
_______________________________________________________________________




2883. STOCK TRANSFER RULES: CARRYOVER OF EARNINGS AND TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This rule provides guidance with respect to how earnings and 
profits and foreign income tax accounts carry over under section 381 
and are allocated under section 312 in certain transactions described 
in section 367(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/15/00                    65 FR 69138
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-116050-99
Drafting attorney: Anne Devereaux (202) 622-3850
Reviewing attorney: Irwin Halpern (202) 622-3850
Treasury attorney: Je Young Baik (202) 622-1773
CC:INTL

Sectors Affected: None

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

RIN: 1545-AX65
_______________________________________________________________________




2884. LOANS UNDER SECTION 72(P)

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 loans 
rules are provided in

[[Page 26039]]

section 72(p) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/31/00                    65 FR 46677
Notice of Public Hearing        12/06/00                    65 FR 76194
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-116495-99
Drafting attorney: Vernon Carter (202) 622-6070
Reviewing attorney: Alan Tawshunsky (202) 622-6000
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE

Agency Contact: Vernon Carter, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6070

RIN: 1545-AX68
_______________________________________________________________________




2885. DISCLOSURES OF RETURN INFORMATION TO OFFICERS AND EMPLOYEES OF THE 
DEPARTMENT OF AGRICULTURE FOR CERTAIN STATISTICAL PURPOSES AND RELATED 
ACTIVITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103(j)(5)

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will allow the IRS to disclose return 
information to the Department of Agriculture for purposes of the Census 
of Agriculture. The disclosure of the specific items of return 
information identified in the regulation is necessary in order for the 
Department of Agriculture to accurately identify, locate, and classify, 
as well as properly process information from, agricultural businesses 
to be surveyed for the statutorily mandated Census of Agriculture.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/00                      65 FR 215
Final Rule                      12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Additional Information: REG-116704-99
Drafting attorney: Jennifer S. McGinty (202) 622-4580
Reviewing attorney: David Fish (202) 622-4580
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:P&A:D&PL

Agency Contact: Jennifer S. McGinty, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4580

RIN: 1545-AX69
_______________________________________________________________________




2886. 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: These regulations provide rules for the allocation and 
apportionment of interest expenses and certain other expenses for 
purposes of the foreign tax credit and certain other international tax 
provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/05/90                     55 FR 3750
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-117608-99
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Michael Cornett (202) 622-3800
Treasury attorney: Michael Corwin (202) 622-1317
CC:INTL

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

RIN: 1545-AX72
_______________________________________________________________________




2887. CLARIFICATION OF ENTITY CLASSIFICATION RULES REGARDING ENTITIES 
CLASSIFIED AS CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation provides a special rule to clarify the per se 
list of corporate entities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/12/01                     66 FR 2854
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-101739-00
Drafting attorney: Camille B. Evans (202) 622-3860
Reviewing attorney: Philip Tretiak (202) 622-3860
CC:INTL

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

RIN: 1545-AX75
_______________________________________________________________________




2888. REQUIREMENT TO MAINTAIN LIST OF INVESTORS IN POTENTIALLY ABUSIVE 
TAX SHELTERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6112; 26 USC 7805

CFR Citation: 26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: These regulations require the maintenance of lists of 
investors in potentially abusive tax shelters described in section 
6112.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/02/00                    65 FR 11271
Public Hearing                  06/20/00
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 26040]]

Additional Information: REG-103736-00
Drafting attorneys: Mary Beth Collins (Carchia) (202) 622-3080 and 
Catherine Moore (202) 622-3080
Reviewing attorney: Donna Young (202) 622-3000
CC:P&SI

Agency Contact: Mary Beth Collins (Carchia), Attorney-Advisor, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3080

Catherine Moore, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3080

RIN: 1545-AX79
_______________________________________________________________________




2889. TAX SHELTER DISCLOSURE STATEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011; 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulations require certain corporate taxpayers to file a 
statement under section 6011 and maintain certain documents under 
section 6001.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/02/00                    65 FR 11269
Public Hearing                  06/20/00                    65 FR 11270
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103735-00
Drafting attorneys: Mary Beth Collins (Carchia) (202) 622-3080 and 
Catherine Moore (202) 622-3080
Reviewing attorney: Donna Young (202) 622-3000
CC:P&SI

Agency Contact: Mary Beth Collins (Carchia), Attorney-Advisor, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3080

Catherine Moore, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3080

RIN: 1545-AX81
_______________________________________________________________________




2890. HIPAA PORTABILITY

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 
regarding the limitations on imposing pre-existing condition exclusions 
and the special enrollment rules. These regulations also provide 
guidance regarding plans and benefits that are not subject to these 
rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/08/97                    62 FR 16977
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-119828-99
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AX84
_______________________________________________________________________




2891. DISCLOSURE OF RETURN AND RETURN INFORMATION TO DESIGNEE OF 
TAXPAYER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103(c)

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The purpose of this regulation is to implement the amendment 
contained in the Taxpayer Bill of Rights II (TBOR II) to Internal 
Revenue Code section 6103(c). TBOR II eliminated the requirement for a 
request or consent for disclosure to be in writing. The proposed 
regulations would permit the Internal Revenue Service to disclose 
returns and return information to a taxpayer's designee, pursuant to a 
non-written request for or consent to disclosure. The regulations will 
also provide rules and guidance for consent in an electronic 
environment. Additionally, the regulations will provide guidance to 
Internal Revenue Service personnel to clarify a number of issues that 
have arisen since the regulation was initially promulgated in the late 
1970s.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/11/01                     66 FR 2373
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-103320-00
Drafting attorney: Joseph E. Conley (202) 622-4570
Reviewing attorney: David Fish (202) 622-4570
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:P&A:D&PL

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

RIN: 1545-AX85
_______________________________________________________________________




2892. APPLICATION OF SEPARATE FOREIGN TAX CREDIT LIMITATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 904; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation clarifies the application of 
separate foreign tax credit limitations under section 904(d) of the 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/03/01                      66 FR 319
Final Action                    12/00/01

[[Page 26041]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-104683-00
Drafting attorney: Bethany Ingwalson (202) 622-3850
Reviewing attorney: Barbara Felker (202) 622-3850
Treasury attorney: Michael Caballero (202) 622-0851
This regulation is related to REG-106409-00 (1545-AY29)
CC:INTL

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

RIN: 1545-AX88
_______________________________________________________________________




2893. DEFINITION OF INCOME UNDER SECTION 643

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 643; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance under section 643 on whether 
State law definition of trust income is trust income for Federal tax 
purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/15/01                     66 FR 1039
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-106513-00
Drafting attorney: Bradford R. Poston (202) 622-3060
Reviewing attorney: J. Thomas Hines (202) 622-3060
Treasury attorney: Beth Kaufman (202) 622-1766
CC:P&SI

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

RIN: 1545-AX96
_______________________________________________________________________




2894. REGULATIONS GOVERNING PRACTICE BEFORE THE INTERNAL REVENUE SERVICE

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 330

CFR Citation: 31 CFR 10

Legal Deadline: None

Abstract: 31 U.S.C. 330 authorizes the Secretary of the Treasury to 
regulate the practice of representatives before the Department and, 
after notice and opportunity for a proceeding, to suspend or disbar 
from practice those representatives who are incompetent, disreputable, 
or dishonest. The Secretary has published regulations in Circular No. 
230 (31 CFR 10) pursuant to this authority, which he amends from time 
to time.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/05/00                    65 FR 30375
NPRM                            01/12/01                     66 FR 3726
Public Hearing                  05/02/01                     66 FR 3277
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111835-99
Drafting attorney: Brinton T. Warren (202) 622-4940
Reviewing attorney: Richard Goldstein (202) 622-7880
Treasury attorney: Rita Cavanaugh (202) 622-1981
CC:P&A:APJP

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

RIN: 1545-AY07
_______________________________________________________________________




2895. CLASSIFICATION OF CERTAIN EMPLOYEE BENEFIT TRUSTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide guidance regarding the 
classification of certain employee benefit trusts under 7701(a)(30) and 
(31) of the Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/12/00                    65 FR 60822
Final Action                    07/00/01

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108553-00
Drafting attorney: James A. Quinn (202) 622-3060
Reviewing attorney: J. Thomas Hines (202) 622-3060
Treasury attorney: Beth Kaufman (202) 622-1766
CC: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

RIN: 1545-AY09
_______________________________________________________________________




2896. GUIDANCE UNDER SECTION 6302 REGARDING THE FEDERAL TAX DEPOSIT 
SYSTEM

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6302; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations remove Federal Reserve banks as 
depositaries for Federal tax deposits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/28/00                    65 FR 81453
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107176-00
Drafting attorney: Brinton T. Warren (202) 622-4940
Reviewing attorney: Judith M. Wall (202) 622-4940

[[Page 26042]]

CC:P&A:APJP

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

RIN: 1545-AY10
_______________________________________________________________________




2897. BROKER'S COMMISSIONS AND SIMILAR FEES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance on when broker's fees can 
be treated as qualified administrative costs for purposes of the 
arbitrage restrictions under section 148.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/17/99                    64 FR 46876
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Additional Information: REG-105376-00
Drafting attorney: Timothy L. Jones (202) 622-3980
CC:TEGE

Agency Contact: Timothy L. 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-AY15
_______________________________________________________________________




2898. CHECK THE BOX REGULATIONS--AMENDMENT

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will provide that, for purposes of section 
332, a plan of liquidation is deemed adopted immediately before a 
deemed liquidation pursuant to an elective change in entity 
classification.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3959
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-110659-00
Drafting attorney: David Sotos (202) 622-3050
Reviewing attorney: Jeanne Sullivan (202) 622-3050
Treasury attorney: James Sowell (202) 622-5721
CC:P&SI

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

RIN: 1545-AY16
_______________________________________________________________________




2899. ``AUTHORIZED PLACEMENT AGENCY'' UNDER SECTION 152

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 152

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations amend the definition of ``authorized 
placement agency'' (for purposes of determining whether a child placed 
for legal adoption in a taxpayer's home is a dependent of the taxpayer) 
to include biological parents and other persons authorized by State law 
to place children for legal adoption.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/30/00                    65 FR 71277
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107279-00
Drafting attorney: Elizabeth K. Kaye (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
CC:P&A:APJP

Agency Contact: Elizabeth K. Kaye, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910
Fax: 202 622-6232

RIN: 1545-AY18
_______________________________________________________________________




2900. DISQUALIFIED PERSONS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 1031

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations narrow the definition of the term 
``disqualified person'' so that banks and bank subsidiaries may still 
serve as qualified intermediaries, even if an investment banker or 
broker is a member of the same control group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3924
Public Hearing                  06/05/01                     66 FR 3925
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107175-00
Drafting attorney: J. Peter Baumgarten (202) 622-4950
Reviewing attorneys: Kelly Alton (202) 622-4950 and Linda Kroening 
(202) 622-4800
CC:IT&A

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

RIN: 1545-AY19
_______________________________________________________________________




2901. RECOGNITION OF GAIN ON CERTAIN TRANSFERS TO FOREIGN TRUSTS AND 
ESTATES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 684

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 26043]]

Abstract: Internal Revenue Code section 684 generally provides that, 
except as otherwise provided in regulations, gain shall be recognized 
on the transfer of property by a United States person to a foreign 
estate or trust, unless, in the case of a trust, a United States person 
is treated as the owner of such trust under Code section 671. These 
regulations are intended to implement the statutory authority to 
provide exceptions to the section 684 general rule of gain recognition.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/07/00                    65 FR 48198
Public Hearing                  11/08/00                    65 FR 48198
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-108522-00
Drafting attorney: Karen Rennie Quarrie (202) 622-3880
Reviewing Attorney: M. Grace Fleeman (202) 622-3880
Treasury attorney: Michael Kirsch (202) 622-0871
CC:INTL

Agency Contact: Karen Rennie Quarrie, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3880

RIN: 1545-AY25
_______________________________________________________________________




2902. NONDISCRIMINATION REQUIREMENTS FOR CERTAIN DEFINED CONTRIBUTION 
RETIREMENT PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 401

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will revise the requirements for qualified 
defined contribution plans that are tested for compliance with the 
nondiscrimination rules on a benefits basis.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/06/00                    65 FR 59774
Final Action                    06/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-114697-00
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6000
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Linda S.F. Marshall, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090

RIN: 1545-AY36
_______________________________________________________________________




2903. REGULATIONS IMPLEMENTING SECTION 420(C)(3)(E)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 420(c)(3)(E) of the Internal Revenue Code directs the 
Secretary of the Treasury to prescribe such regulations as may be 
necessary to prevent an employee, who significantly reduces retiree 
health coverage during the cost maintenance period, from being treated 
as satisfying the minimum cost requirement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/05/01                     66 FR 1066
Public Hearing                  03/15/01                     66 FR 1066
Final Action                    10/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116468-00
Drafting attorneys: Vernon Carter (202) 622-6070 and Janet Laufer (202) 
622-6060
Reviewing attorneys: Michael Roach (202) 622-6090 and Mark Schwimmer 
(202) 622-6060
Treasury attorney: Harlan Weller (202) 622 1001
CC:TEGE

Agency Contact: Vernon Carter, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6070

Janet A. Laufer, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-6060
Fax: 202 622-4084

RIN: 1545-AY43
_______________________________________________________________________




2904. SPECIAL RULES FOR S CORPORATIONS UNDER SECTION 301.7701(B)-7

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7701

CFR Citation: 26 CFR 301; 26 CFR 601

Legal Deadline: None

Abstract: The regulation will provide rules that will permit a dual 
resident S Corporation shareholder, who has claimed a treaty benefit, 
to be treated as a U.S. resident for purposes of section 1361(a)(1) of 
the Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-209720-94 (INTL-40-94)
Drafting attorney: David A. Juster (202) 622-3850
Reviewing attorney: Barbara Felker (202) 622-3850
The Notice of Proposed Rulemaking was originally published under RIN-
1545-AS88.
This regulation project was previously part of REG-208214-90
(INTL-121-90) RIN-1545-AP35.
CC:INTL

Agency Contact: David A. Juster, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service,

[[Page 26044]]

1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3850

RIN: 1545-AY44
_______________________________________________________________________




2905. GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS

Priority: Substantive, Nonsignificant

Legal Authority: 28 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance for the treatment under 
subpart F of a controlled foreign corporation partners distributive 
share of subpart F income.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/20/00                    65 FR 56836
Final Action                    10/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: None

Additional Information: REG-112502-00
Drafting attorney: Valerie A. Mark (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
Treasury attorney: Patrick Brown (202) 622-1754
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

RIN: 1545-AY45
_______________________________________________________________________




2906.  6302 DE MINIMIS THRESHOLD

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6302; 26 USC 7805

CFR Citation: 31 CFR 6302

Legal Deadline: None

Abstract: This regulation will increase the de minimus deposit rule for 
quarterly and annual return periods from $1,000 to $2,500.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/06/00                    65 FR 76194
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114423-00
Drafting attorney: Brinton T. Warren (202) 622-4940
Reviewing attorney: Judith M. Wall (202) 622-4940
Treasury attorney: Stephanie Robinson (202) 622-9858
CC:PA:AP JP

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

RIN: 1545-AY47
_______________________________________________________________________




2907.  DISCLOSURE OF RETURN INFORMATION TO OFFICERS AND 
EMPLOYEES OF THE DEPARTMENT OF COMMERCE FOR CERTAIN STATISTICAL PURPOSES 
AND RELATED ACTIVITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations relate to additions to the list of items of 
information disclosed to the Bureau of the Census for use in the 
Longitudinal Employer-Household Dynamics (LEHD) project and the Survey 
of Income and Program Participation (SIPP) project.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/13/01                     66 FR 9991
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-121109-00
Drafting attorney: Stuart D. Murray (202) 622-4580
Reviewing attorney: David Fish (202) 622-4580
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:PA:DPL

Agency Contact: Stuart D. Murray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4580

RIN: 1545-AY52
_______________________________________________________________________




2908.  TIME FOR FILING FORM 1139 BY A CONSOLIDATED GROUP

Priority: Info./Admin./Other

Legal Authority: 26 USC 6411; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation addresses the time for filing an application 
for a tentative carryback adjustment (Form 1139) by a consolidated 
group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/01                      66 FR 747
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-119352-00
Drafting attorneys: Christopher M. Bass (202) 622-7770 and Frances 
Kelly (202) 622-7770
Reviewing attorney: Edward S. Cohen (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-0869
CC:CORP

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

Frances Kelly, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-AY58

[[Page 26045]]

_______________________________________________________________________




2909.  GUIDANCE UNDER SECTION 1275(A)(1)(B)(II)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations address what is an insurance company subject 
to tax under subchapter L for purpose of section 1275(a)(1)(B)(ii).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/12/01                     66 FR 2852
Public Hearing                  05/30/01                     66 FR 2852
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125237-00
Drafting attorney: Patrick E. White (202) 622-3920
Reviewing attorney: Mark S. Smith (202) 622-3970
Treasury attorney: Michael S. Novey (202) 622-1339
CC:FI&P

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

RIN: 1545-AY60
_______________________________________________________________________




2910.  GUIDANCE ON REPORTING OF DEPOSIT INTEREST PAID TO 
NONRESIDENT ALIENS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance on the reporting 
requirements for interest on deposits maintained at the U.S. office of 
certain financial institutions and paid to NRAs. These proposed 
regulations affect persons making payment of interest with respect to 
such a deposit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3925
Hearing                         01/17/01                     66 FR 3925
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-126100-00
Drafting attorney: Kate Y. Hwa (202) 622-3840
Reviewing Attorney: Philip Garlett (202) 622-3840
Treasury Attorney: Patrick Brown (202) 622-1754

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

RIN: 1545-AY62
_______________________________________________________________________




2911.  EXCISE TAXES ON EXCESS BENEFIT TRANSACTIONS

Priority: Other Significant

Legal Authority: 26 USC 7805; 26 USC 4958

CFR Citation: 26 CFR 53; 26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: Section 4958 of the IRC imposes excise taxes on transactions 
between certain tax exempt organizations and persons in a position to 
exercise substantial influence over the affairs of the organization, 
where the transactions are at greater than fair market value. These 
regulations will clarify certain definitions rules in section 4958.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/01                     66 FR 2173
Final Action                    12/00/01

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 attorneys: Paul Feinberg (202) 622-6000 and Paul Accettura 
(202) 622-6070
Treasury attorney: Susan Brown (202) 622-0999
CC:TEGE

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

RIN: 1545-AY65
_______________________________________________________________________




2912.  TAX TREATMENT OF CAFETERIA PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 125

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides information about the tax treatment 
of cafeteria plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/01                     66 FR 1923
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-209461-79
Drafting attorney: Christine Keller (202) 622-6080
Reviewing attorney: Harry Beker (202) 622-6080
CC:TEGE

Agency Contact: Christine Keller, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AY67
_______________________________________________________________________




2913.  DISCLOSURE OF RETURNS AND RETURN INFORMATION OF OTHER 
AGENCIES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This temporary regulation permits the Commissioner to 
authorize agencies with access to returns and return information under 
section 6103 of the Code to redisclose such returns and return 
information, with the Commissioner's approval, to the Congressional 
Budget Office and other agencies authorized to receive such information 
in accordance with IRC section 6103.

[[Page 26046]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-105344-01
Drafting attorney: Julie C. Schwartz (202) 622-4570
Reviewing attorney: David L. Fish (202) 622-4580
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:P&A:D&PL

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

RIN: 1545-AY78
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Long-Term Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2914. 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: None

Agency Contact: W. Edward Williams
Phone: 202 622-3880

RIN: 1545-AC10
_______________________________________________________________________




2915. 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
_______________________________________________________________________




2916. 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: Douglas Giblen
Phone: 202 874-1490

RIN: 1545-AI16
_______________________________________________________________________




2917. 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: No

Government Levels Affected: None

Agency Contact: Amanda A. Ehrlich
Phone: 202 622-3880

RIN: 1545-AJ93
_______________________________________________________________________




2918. 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

RIN: 1545-AL93
_______________________________________________________________________




2919. 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

RIN: 1545-AM91
_______________________________________________________________________




2920. 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: Undetermined

Government Levels Affected: None

Agency Contact: Jean Marie Casey
Phone: 202 622-6030

RIN: 1545-AN40

[[Page 26047]]

_______________________________________________________________________




2921. CONSOLIDATED ALTERNATIVE MINIMUM TAX

Priority: Substantive, Nonsignificant

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Martin Scully
Phone: 202 622-4960

RIN: 1545-AN73
_______________________________________________________________________




2922. CONFORMING TAXABLE YEARS OF CFCS AND FPHCS: 1989 CHANGE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/05/93                      58 FR 290


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AO22
_______________________________________________________________________




2923. 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
_______________________________________________________________________




2924. 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: No

Government Levels Affected: None

Agency Contact: Anne Devereaux
Phone: 202 622-3850

RIN: 1545-AQ55
_______________________________________________________________________




2925. 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
_______________________________________________________________________




2926. 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
Hearing                         03/19/93


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AQ70
_______________________________________________________________________




2927. 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 B. Williams
Phone: 202 622-3960

RIN: 1545-AS85
_______________________________________________________________________




2928. 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: Kenneth Christman
Phone: 202 622-3950

RIN: 1545-AT46
_______________________________________________________________________




2929. ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND EMPLOYEE 
CONTRIBUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/95                    60 FR 66532
NPRM Comment Period End         03/21/96


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Janet A. Laufer
Phone: 202 622-6060
Fax: 202 622-4084

RIN: 1545-AT82

[[Page 26048]]

_______________________________________________________________________




2930. 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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Linda S.F. Marshall
Phone: 202 622-6090

James A. Quinn
Phone: 202 622-3060

RIN: 1545-AU29
_______________________________________________________________________




2931. 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: None

Agency Contact: Mark S. Smith
Phone: 202 622-3970

RIN: 1545-AU49
_______________________________________________________________________




2932. FASIT--START-UP/OPERATIONAL/TRANSITION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/04/96                    61 FR 56648
ANPRM Comment Period End        12/31/96
NPRM                            02/07/00                     65 FR 5807


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Courtney Shepardson
Phone: 202 622-3930

RIN: 1545-AU94
_______________________________________________________________________




2933. DEFINITION OF ``PRIVATE ACTIVITY BONDS''--ALLOCATION AND 
ACCOUNTING REGULATIONS

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: None

Agency Contact: Bruce M. Serchuk
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU98
_______________________________________________________________________




2934. 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

Federalism:  Undetermined

Agency Contact: Cathy A. Vohs
Phone: 202 622-6090

RIN: 1545-AV82
_______________________________________________________________________




2935. 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
Cancellation of Public Hearing  05/14/99                    64 FR 26348


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AW09
_______________________________________________________________________




2936. 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 Cancelled               10/16/98                    63 FR 55564


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John W. Rogers
Phone: 202 622-3870

RIN: 1545-AW43
_______________________________________________________________________




2937. SOURCE OF INCOME FOR SPACE AND CERTAIN OCEAN ACTIVITIES AND FOR 
COMMUNICATIONS INCOME

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3903
Hearing                         03/28/01


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Anne Shelburne
Phone: 202 874-1490

RIN: 1545-AW50
_______________________________________________________________________




2938. TRANSFER OF REMIC RESIDUAL INTEREST

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/07/00                     65 FR 5807


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Courtney Shepardson

[[Page 26049]]

Phone: 202 622-3930

RIN: 1545-AW98
_______________________________________________________________________




2939. QUALIFIED ZONE ACADEMY BONDS CREDIT RATE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/99                    64 FR 35579


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Allan B. Seller
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AX03
_______________________________________________________________________




2940. CHANGE OF ANNUAL ACCOUNTING PERIOD

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martin Scully
Phone: 202 622-4960

RIN: 1545-AX15
_______________________________________________________________________




2941. GUARANTEED INVESTMENT CONTRACTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/27/99                    64 FR 46876


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Rose M. Weber
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AX22
_______________________________________________________________________




2942. SPECIAL RULES FOR RETROACTIVE PAYMENTS UNDER SECTION 417(A)(7)(A) 
FOR QUALIFIED RETIREMENT PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3916


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Marjorie Hoffman
Phone: 202 622-6030

Robert M. Walsh
Phone: 202 622-6090

RIN: 1545-AX34
_______________________________________________________________________




2943. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS

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: None

Agency Contact: Bruce M. Serchuk
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AX55
_______________________________________________________________________




2944. EQUITY OPTIONS WITH FLEXIBLE TERMS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/01                     66 FR 4751


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Pamela Lew
Phone: 202 622-3950
Fax: 202 622-5699

RIN: 1545-AX66
_______________________________________________________________________




2945. CAPITALIZATION OF INTEREST AND CARRYING CHARGES PROPERLY ALLOCABLE 
TO STRADDLES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/01                     66 FR 4746


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kenneth Christman
Phone: 202 622-3950

RIN: 1545-AX92
_______________________________________________________________________




2946. AUTOMATIC EXTENSION FOR FORM 706

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 20

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/20/00                    65 FR 63025


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Agency Contact: Mary Berman
Phone: 202 622-3090

RIN: 1545-AX98
_______________________________________________________________________




2947. HEDGING TRANSACTIONS UNDER SECTION 1221(A)(7) AND SECTION 446

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/01                     66 FR 4738


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AY02
_______________________________________________________________________




2948. INVESTMENT TYPE PROPERTY (PREPAYMENT)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 26050]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/25/99                    64 FR 46320


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local

Agency Contact: Johanna L. Som de Cerff
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AY12
_______________________________________________________________________




2949. INTEREST FREE ADJUSTMENTS UNDER SECTION 6205

Priority: Info./Admin./Other

CFR Citation: 26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3956


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Federal

Agency Contact: Lynne A. Camillo
Phone: 202 622-6040

RIN: 1545-AY21
_______________________________________________________________________




2950. HIPAA GENERAL NONDISCRIMINATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1435
Final Action                    06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6080

RIN: 1545-AY32
_______________________________________________________________________




2951. HIPAA NONDISCRIMINATION/EXCEPTION FOR CHURCH PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/01                     66 FR 1437
Final Action                    06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6080

RIN: 1545-AY33
_______________________________________________________________________




2952. HIPAA NONDISCRIMINATION/BONA FIDE WELLNESS PROGRAMS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1421
Final Action                    06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6080

RIN: 1545-AY34
_______________________________________________________________________




2953.  NOTICE TO INTERESTED PARTIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: These regulations set forth the applicable standards by which 
a plan sponsor may satisfy the notice to interested parties 
requirement. Before the Service can issue a determination letter, a 
plan sponsor must provide evidence that it has notified all persons who 
qualify as interested parties that an application for an advance 
determination will be filed regarding the qualification of the 
sponsor's plan. The proposed regulations affect retirement plan 
sponsors, interested parties, and certain representatives of interested 
parties.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3954


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129608-00
Drafting attorney: Pamela R. Kinard (202) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6060
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

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

RIN: 1545-AY68
_______________________________________________________________________




2954.  REQUIRED DISTRIBUTIONS FROM RETIREMENT PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 54

Legal Deadline: None

Abstract: This document amends the Income Tax Regulations (26 CFR part 
1) and the Pension Excise Taxes Regulations (26 CFR part 54) under 
sections 401, 403, 408, and 4974 of the Internal Revenue Code of 1986. 
These amendments are proposed to conform the regulations to sections 
1121 and 1852 of the Tax Reform Act of 1986 (TRA of 1986) (100 Stat. 
2464 and 2864), sections 521 and 713 of the Tax Reform Act of 1984 (TRA 
of 1984) (98 Stat. 865 and 955), sections 242 and 243 of the Tax Equity 
and Fiscal Responsibility Act of 1982 (TEFRA) (96 Stat. 521), and 
section 1404 of the Small Business Job Protection Act of 1996 (SBJPA) 
110 Stat. 1791. The regulations provide guidance on the minimum 
distribution requirements under section 401(a)(9) for plans qualified 
under section 401(a). The rules are incorporated by reference for other 
retirement plans under section 408(a)(3) and (b)(6) for IRAs, section 
403(b)(10) for tax sheltered annuities, and section 457(d) for eligible 
deferred compensation plans. Comprehensive proposed regulations under 
section 401(a)(9) were previously published in 1987. In 1997, 
amendments to those proposed regulations were published addressing the 
limited issue of trusts as designated beneficiaries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3928


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

[[Page 26051]]

Government Levels Affected: None

Additional Information: REG-130477-00
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6090
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

Agency Contact: Cathy A. Vohs, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090

RIN: 1545-AY69
_______________________________________________________________________




2955.  REQUIRED DISTRIBUTIONS FROM RETIREMENT PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 54

Legal Deadline: None

Abstract: This document contains proposed amendments to the Income Tax 
Regulations (26 CFR part 1) and to the Pension Excise Taxes Regulations 
(26 CFR part 54) under sections 401, 403, 408, and 4974 of the Internal 
Revenue Code of 1986. These amendments are proposed to conform the 
regulations to sections 1121 and 1852 of the Tax Reform Act of 1986 
(TRA of 1986) (100 Stat. 2464 and 2864), sections 521 and 713 of the 
Tax Reform Act of 1984 (TRA of 1984) (98 Stat. 865 and 955), sections 
242 and 243 of the Tax Equity and Fiscal Responsibility Act of 1982 
(TEFRA) (96 Stat. 521), and section 1404 of the Small Business Job 
Protection Act of 1996 (SBJPA) 110 Stat. 1791. The regulations provide 
guidance on the minimum distribution requirements under section 
401(a)(9) for plans qualified under section 401(a). The rules are 
incorporated by reference for other retirement plans under section 
408(a)(3) and (b)(6) for IRAs, section 403(b)(10) for tax sheltered 
annuities, and section 457(d) for eligible deferred compensation plans. 
Comprehensive proposed regulations under section 401(a)(9) were 
previously published in 1987. In 1997, amendments to those proposed 
regulations were published addressing the limited issue of trusts as 
designated beneficiaries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3928


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-130481-00
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6090
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

Agency Contact: Cathy A. Vohs, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090

RIN: 1545-AY70
_______________________________________________________________________




2956.  OBLIGATION OF STATES AND POLITICAL SUBDIVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance to State and local 
governments that issue bonds for output facilities. This document also 
withdraws the NPRM REG-110965-97, 1545-AV47, published on January 22, 
1998 (63 FR 3296).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/01                     66 FR 4754


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local

Additional Information: REG-114998-99
Drafting attorney: Rose M. Weber (202) 622-3980
Reviewing attorney: Bruce M. Serchuk (202) 622-3980
Treasury attorney: Stephen J. Watson (202) 622-1322
CC:TEGE
The Notice of Proposed Rulemaking partially withdraws the NPRM REG-
110965-97, 1545-AV47 published on Jan. 22, 1998 (63 FR 3296).

Agency Contact: Rose M. Weber, 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-AY71
_______________________________________________________________________




2957.  WITHDRAWAL OF SECTION 301.6656-1 AND SECTION 301.6656-2

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation provides the withdrawal of Treasury 
regulations relating to the penalty for underpayment of deposits 
(section 301.6656-1) and the penalty for overstated deposit claims 
(section 301.6656-2).

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108790-01
Drafting attorney: Robin Marie Tuczak (202) 622-7132
Reviewing attorney: Charles Hall (202) 622-7940
CC:P&A:APJP

Agency Contact: Robin Marie Tuczak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7132

RIN: 1545-AY79

[[Page 26052]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2958. TREATMENT OF FUNDED WELFARE BENEFIT PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/22/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Janet A. Laufer
Phone: 202 622-6060
Fax: 202 622-4084

RIN: 1545-AG14
_______________________________________________________________________




2959. CREDIT FOR INCREASING RESEARCH ACTIVITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 602; 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8930                            01/03/01                      66 FR 280

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Leslie H. Finlow
Phone: 202 622-7860

Lisa Shuman
Phone: 202 622-3120

RIN: 1545-AO51
_______________________________________________________________________




2960. ACCOUNTING FOR LONG-TERM CONTRACTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8929                            01/11/01                     66 FR 2219

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AQ30
_______________________________________________________________________




2961. RESEARCH CREDIT II

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8930                            01/03/01                      66 FR 280

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa Shuman
Phone: 202 622-3120

Leslie H. Finlow
Phone: 202 622-7860

RIN: 1545-AV14
_______________________________________________________________________




2962. ELECTRONIC TIP REPORTING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8910                            12/13/00                    65 FR 77818

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AV28
_______________________________________________________________________




2963. REMOVAL OF TEMPORARY REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 5c

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Regulations      01/29/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AV36
_______________________________________________________________________




2964. CLARIFICATION OF 4958 EXCISE TAXES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 53; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/10/01

Regulatory Flexibility Analysis Required: Yes

Government Levels Affected: None

Agency Contact: Phyllis D. Haney
Phone: 202 622-4290

RIN: 1545-AV60
_______________________________________________________________________




2965. CONTINUITY OF INTEREST

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8898                            08/31/00                    65 FR 52909

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marie Byrne
Phone: 202 622-7750

RIN: 1545-AV81
_______________________________________________________________________




2966. DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8811                            01/25/99                     64 FR 3631

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Stuart D. Murray
Phone: 202 622-4580

RIN: 1545-AV84
_______________________________________________________________________




2967. RELIEF FOR PRESIDENTIALLY DECLARED DISASTER

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8911                            12/15/00                    65 FR 78409

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bridget Finkenaur

[[Page 26053]]

Phone: 202 622-4940

RIN: 1545-AV92
_______________________________________________________________________




2968. MERCHANDISE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       02/28/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Cheryl L. Oseekey
Phone: 202 622-4970

RIN: 1545-AW00
_______________________________________________________________________




2969. HIPAA NONDISCRIMINATION RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 54

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8931                            01/10/01                     66 FR 1378
60-Day Delay of Effective Date  03/09/01                    66 FR 14076

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6080

RIN: 1545-AW02
_______________________________________________________________________




2970. QUALIFIED LESSEE CONSTRUCTION ALLOWANCES FOR SHORT-TERM LEASES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8901                            09/05/00                    65 FR 53584

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Paul F. Handleman
Phone: 202 622-3040
Fax: 202 622-4753

RIN: 1545-AW16
_______________________________________________________________________




2971. DEFINITION OF CONTRIBUTION IN AID OF CONSTRUCTION UNDER SECTION 
118(C)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8936                            01/11/01                     66 FR 2252

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Paul F. Handleman
Phone: 202 622-3040
Fax: 202 622-4753

RIN: 1545-AW17
_______________________________________________________________________




2972. CAPITAL GAINS AND PARTNERSHIP PROVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8902                            09/21/00                    65 FR 57092

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeanne Sullivan
Phone: 202 622-3050

RIN: 1545-AW22
_______________________________________________________________________




2973. GRAT AND NOTES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8899                            09/05/00                    65 FR 53587

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: James F. Hogan
Phone: 202 622-3090

RIN: 1545-AW25
_______________________________________________________________________




2974. SECTION 411(D)(6); PROTECTED BENEFITS EXCEPTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8900                            09/06/00                    65 FR 53901

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda S.F. Marshall
Phone: 202 622-6090

RIN: 1545-AW27
_______________________________________________________________________




2975. SECTION 148--CLARIFICATION OF THE TREATMENT OF PREPAYMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       02/27/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AW44
_______________________________________________________________________




2976. GUIDANCE UNDER SECTION 355(D)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8913                            12/20/00                    65 FR 79719

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michael Kaibri
Phone: 202 622-7550

RIN: 1545-AW71
_______________________________________________________________________




2977. PREPARER DUE DILIGENCE REQUIREMENTS FOR DETERMINING EARNED INCOME 
CREDIT ELIGIBILITY

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 26054]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8905                            10/17/00                    65 FR 61268

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Andrea Tucker
Phone: 202 622-4940

RIN: 1545-AW73
_______________________________________________________________________




2978. SECTION 355(E) GUIDANCE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/02/01                       66 FR 76

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Brendan O'Hara
Phone: 202 622-7530

RIN: 1545-AW79
_______________________________________________________________________




2979. TIMELY MAILING TREATED AS TIMELY FILING/ELECTRONIC POSTMARK

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8932                            01/11/01                     66 FR 2257

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charles A. Hall
Phone: 202 622-4940

RIN: 1545-AW81
_______________________________________________________________________




2980. CONTINUATION COVERAGE REQUIREMENTS APPLICABLE TO GROUP HEALTH 
PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 54

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8928                            01/10/01                     66 FR 1843

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6080

RIN: 1545-AW94
_______________________________________________________________________




2981. QUALIFIED OFFERS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8922                            01/04/01                      66 FR 725

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Thomas D. Moffitt
Phone: 202 622-7900

RIN: 1545-AX00
_______________________________________________________________________




2982. GST ISSUES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8912                            12/20/00                    65 FR 79735

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: James F. Hogan
Phone: 202 622-3090

RIN: 1545-AX08
_______________________________________________________________________




2983. ALLOCATION OF PARTNERSHIP DEBT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8906                            10/31/00                    65 FR 64888

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Daniel Carmody
Phone: 202 622-3080

RIN: 1545-AX09
_______________________________________________________________________




2984. DEFINITION OF LAST KNOWN ADDRESS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8939                            01/12/01                     66 FR 2817

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charles A. Hall
Phone: 202 622-4940

RIN: 1545-AX13
_______________________________________________________________________




2985. QUALIFIED TRANSPORTATION FRINGE BENEFITS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8933                            01/11/01                     66 FR 2241

Regulatory Flexibility Analysis Required: Yes

Government Levels Affected: None

Agency Contact: John Burnell Richards
Phone: 202 622-6040
Fax: 202 622-4817

RIN: 1545-AX33
_______________________________________________________________________




2986. 351(G) GUIDANCE PROJECT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8904                            10/02/00                    65 FR 58650

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Richard E. Coss
Phone: 202 622-7790

RIN: 1545-AX38
_______________________________________________________________________




2987. PARTNERSHIP MERGERS AND DIVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 26055]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8925                            01/04/01                      66 FR 715

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mary Beth Collins (Carchia)
Phone: 202 622-3080

RIN: 1545-AX42
_______________________________________________________________________




2988. SECTION 1374 TIMBER

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Closed Without Publication      03/15/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cristian Patricio Silva
Phone: 202 622-7750

RIN: 1545-AX50
_______________________________________________________________________




2989. PERMITTED ELECTION CHANGES UNDER SECTION 125

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8878                            03/23/00                    65 FR 15548

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Christine Keller
Phone: 202 622-6080

RIN: 1545-AX59
_______________________________________________________________________




2990. REOPENINGS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8934                            01/12/01                     66 FR 2811

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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

RIN: 1545-AX60
_______________________________________________________________________




2991. PREVENTION OF ABUSE OF CHARITABLE REMAINDER TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8926                            01/05/01                     66 FR 1034

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Catherine Moore
Phone: 202 622-3080

RIN: 1545-AX62
_______________________________________________________________________




2992. STOCK TRANSFER RULES: SUPPLEMENTAL RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/11/01                     66 FR 2373

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mark D. Harris
Phone: 202 622-3860

RIN: 1545-AX63
_______________________________________________________________________




2993. DEFINITION OF HYPERINFLATIONARY CURRENCY FOR PURPOSES OF SECTION 
988

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8914                            01/03/01                      66 FR 279

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John W. Rogers
Phone: 202 622-3870

RIN: 1545-AX67
_______________________________________________________________________




2994. TIERED STRUCTURES--ESBTS AND ESOPS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8915                            12/29/00                    65 FR 82926

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AX71
_______________________________________________________________________




2995. APPLYING SECTION 197 TO PARTNERSHIP TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8907                            11/20/00                    65 FR 69667

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David Sotos
Phone: 202 622-3050

RIN: 1545-AX73
_______________________________________________________________________




2996. LIFETIME CHARITABLE LEAD TRUSTS

Priority: Substantive, Nonsignificant

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8923                            01/05/01                     66 FR 1040

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Scott S. Landes
Phone: 202 622-3090

RIN: 1545-AX74
_______________________________________________________________________




2997. OBLIGATION OF STATES AND POLITICAL SUBDIVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 26056]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8941                            01/18/01                     66 FR 4661

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local

Agency Contact: Rose M. Weber
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AX87
_______________________________________________________________________




2998. ELECTRONIC PAYEE STATEMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed By TD 
8942                            02/14/01                    66 FR 10191

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Laura C. Nash
Phone: 202 622-4910

RIN: 1545-AY00
_______________________________________________________________________




2999. QUALIFIED ZONE ACADEMY BONDS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8903                            09/26/00                    65 FR 57732

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Agency Contact: Allan B. Seller
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AY01
_______________________________________________________________________




3000. FINAL REGULATIONS ON DISCLOSURES TO DEPARTMENT OF COMMERCE-BUREAU 
OF CENSUS; SECTION 301.6103(J)(1)-1

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8908                            11/30/00                    65 FR 71256

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Stuart D. Murray
Phone: 202 622-4580

RIN: 1545-AY06
_______________________________________________________________________




3001. GUIDANCE UNDER 6302 REGARDING THE FEDERAL TAX DEPOSIT SYSTEM 
(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8918                            12/26/00                    65 FR 81356

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Brinton T. Warren
Phone: 202 622-4940

RIN: 1545-AY11
_______________________________________________________________________




3002. TAX TREATMENT OF CAFETERIA PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8921                            01/10/01                     66 FR 1837

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Christine Keller
Phone: 202 622-6080

RIN: 1545-AY23
_______________________________________________________________________




3003. APPLICATION OF SEPARATE FOREIGN TAX CREDIT LIMITATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8916                            01/03/01                      66 FR 268

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Rebecca I. Rosenberg
Phone: 202 622-3870

RIN: 1545-AY29
_______________________________________________________________________




3004.  6302 DE MINIMIS THRESHOLD (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6302; 26 USC 7805

CFR Citation: 31 CFR 6302

Legal Deadline: None

Abstract: This temporary regulation will increase the de minimis 
deposit rule for quarterly and annual return periods from $1,000 to 
$2,500.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8909                            12/06/00                    65 FR 76152

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114423-00
Drafting attorney: Brinton T. Warren (202) 622-8477
Reviewing attorney: Judith M. Wall (202) 622-4940
Treasury attorney: Stephanie Robinson (202) 622-9858
CC:PA:AP JP

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

RIN: 1545-AY46

[[Page 26057]]

_______________________________________________________________________




3005.  DISCLOSURE OF RETURN INFORMATION TO OFFICERS AND 
EMPLOYEES OF THE DEPARTMENT OF COMMERCE FOR CERTAIN STATISTICAL PURPOSES 
AND RELATED ACTIVITIES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The temporary regulations relate to additions to the list of 
items of information disclosed to the Bureau of the Census for use in 
the Longitudinal Employer-Household Dynamics (LEHD) project and the 
Survey of Income and Program Participation (SIPP) project.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8943                            02/13/01                     66 FR 9957

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-121109-00
Drafting attorney: Stuart D. Murray (202) 622-4580
Reviewing attorney: David Fish (202) 622-4580
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:PA:DPL

Agency Contact: Stuart D. Murray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4580

RIN: 1545-AY51
_______________________________________________________________________




3006.  STOCK TRANSFER RULES: TRANSITION RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 CFR 376

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation addresses distributions with respect to, or a 
disposition of, certain stock that was subject to prior temporary 
regulations under section 367(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8937                            01/11/01                     66 FR 2256

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-120805-00
Drafting attorney: Mark D. Harris (202) 622-3050
Reviewing attorney: Irwin Halpern (202) 622-3050
CC:INTL

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

RIN: 1545-AY53
_______________________________________________________________________




3007.  TIME FOR FILING FORM 1139 BY A CONSOLIDATED GROUP

Priority: Info./Admin./Other

Legal Authority: 26 USC 6411; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulation addresses the time for filing an 
application for a tentative carryback adjustment (Form 1139) by a 
consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8919                            01/04/01                      66 FR 713

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-119352-00
Drafting attorneys: Christopher M. Bass (202) 622-7770 and Frances 
Kelly (202) 622-7770
Reviewing attorney: Edward S. Cohen (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-0869
CC:CORP

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

RIN: 1545-AY57
_______________________________________________________________________




3008.  DISCLOSURE OF RETURN AND RETURN INFORMATION TO DESIGNEE 
OF TAXPAYER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The temporary regulation implements the amendment contained 
in the Taxpayer Bill of Rights II (TBOR II) to Internal Revenue Code 
Section 6103(c). TBOR II eliminated the requirement for a request or 
consent for disclosure to be in writing. The temporary regulation would 
permit the Internal Revenue Service to disclose returns and return 
information to a taxpayers' designee pursuant to a nonwritten request 
for or consent to disclosure. The regulation would also provide rules 
and guidance for consents in an electronic environment. Additionally, 
the regulation will provide guidance to Internal Revenue Service 
personnel to clarify a number of issues that have arisen since the 
regulation was initially promulgated in the late 1970s.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8935                            01/11/01                     66 FR 2261

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103320-00
Drafting attorney: Joseph E. Conley (202) 622-8455
Reviewing attorney: David Fish (202) 622-4570
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:PA:DPL

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

[[Page 26058]]

Phone: 202 622-4570

RIN: 1545-AY59
_______________________________________________________________________




3009.  LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 357

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations relate to the assumption of 
liabilities in certain corporate transactions under section 301 and 
section 357 of the Internal Revenue Code. The regulations affect 
corporations and their shareholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8924                            02/14/01                    66 FR 10190

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106791-00
Drafting attorney: Mary Elizabeth Dean (202) 622-7550
Reviewing attorney: Debra Carlisle (202) 622-7550
CC:CORP

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

RIN: 1545-AY63
_______________________________________________________________________




3010.  EXCISE TAXES ON EXCESS BENEFIT TRANSACTIONS (TEMPORARY)

Priority: Other Significant

Legal Authority: 26 USC 7805; 26 USC 4958

CFR Citation: 26 CFR 53; 26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: Section 4958 of the IRC imposes excise taxes on transactions 
between certain tax exempt organizations and persons in a position to 
exercise substantial influence over the affairs of the organization, 
where the transactions are at greater than fair market value. These 
temporary regulations will clarify certain definitions and rules in 
section 4958.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8920                            01/10/01                     66 FR 2144

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-246256-96
Drafting attorney: Phyllis D. Haney (202) 622-4290
Reviewing attorneys: Paul Feinberg (202) 622-6000
 Paul Acettura (202) 622-6070
Treasury attorney: Susan Brown (202) 622-0999
CC:TEGE

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

RIN: 1545-AY64
_______________________________________________________________________




3011.  WITHDRAWAL OF OBSOLETE PROPOSED REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: None

Legal Deadline: None

Abstract: Identifying obsolete NPRMs to be withdrawn.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Closed Without Publication      02/28/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100548-01
Drafting attorney: Charles M. Whedbee (202) 622-7550
CC:CORP

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

RIN: 1545-AY72
_______________________________________________________________________




3012.  PURCHASE PRICE ALLOCATIONS IN DEEMED AND ACTUAL ASSET 
ACQUISITIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 337; 26 USC 338; 26 USC 1502; 26 
USC 1060

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations revise the rules governing purchase price 
allocations in certain asset allocations under section 1060 of the 
Internal Revenue Code and deemed asset acquisitions under section 338. 
They also revise other rules under these sections. Thus, a number of 
existing regulations sections are removed and replaced.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/09/99                    64 FR 43462
Final Action Completed by TD 
8940                            02/13/01                     66 FR 9925

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107069-97
Drafting attorney: Richard C. Starke (202) 622-7790
CC:CORP

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

RIN: 1545-AY73
BILLING CODE 4830-01-S

[[Page 26059]]

_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3013. CAPITAL RULES

Priority: Substantive, Nonsignificant

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 
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.
The agencies have jointly issued a proposed rule that would treat 
recourse obligations and direct credit substitutes consistently and 
that would vary the risk-based capital requirement for positions in 
securitized asset transactions according to relative risk exposure; and 
a proposed rule that would amend regulatory capital standards 
concerning the treatment of certain residual interests in asset 
securitizations and other transfers of financial assets. These rules 
will be combined at the final rule stage.
In addition, the agencies issued an advance notice of proposed 
rulemaking developing a simplified capital adequacy framework for 
small, non-complex institutions and a proposed rule on risk-based 
capital standards for claims on securities firms.

Timetable:
________________________________________________________________________

Claims on Securities Firms  NPRM 12/06/00 (65 FR 76180)  NPRM Comment 
Period End 01/22/01  Final Rule 10/00/01

Recourse Arrangements and Direct Credit Substitutes/Residuals in 
Securitizations  Recourse ANPRM 05/25/94 (59 FR 27116)  Recourse NPRM 
05/25/94 (59 FR 27116)  Recourse NPRM 11/05/97 (62 FR 59944)  Recourse 
NPRM Correction 11/20/97 (62 FR 62234)  Recourse NPRM 03/08/00 (65 FR 
12320)  Recourse NPRM Comment Period End 06/07/00  Residuals NPRM 09/
27/00 (65 FR 57993)  Residuals NPRM Comment Period End 12/26/
00  Recourse/Residuals Final Rule 10/00/01

Simplified Capital Adequacy Framework for Small, Non-Complex 
Institutions  ANPRM 11/03/00 (65 FR 66193)  ANPRM Comment Period End 
02/01/01  NPRM 10/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Teresa Scott, Counsel (Banking and Finance), Regulations and 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6478

David Riley, Project Manager, Capital Policy, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-6669

RIN: 1550-AB11
_______________________________________________________________________




3014. TYPES OF OFFICES

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 545

Legal Deadline: None

Abstract: OTS plans to issue a notice of proposed rulemaking to amend 
its definitions of home, branch and agency office, and related notice 
or application requirements. These provisions are under review to 
ensure that they meet the modern challenges of how institutions conduct 
their businesses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

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

Deborah S. Merkle, Project Manager, Supervision Policy, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-5688

RIN: 1550-AB18
_______________________________________________________________________




3015. DIRECTORS AND OFFICERS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462; 12 USC 3806; 42 USC 4106; 12 USC 1462a; 
12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 
USC 1820; 12 USC 1828

CFR Citation: 12 CFR 545; 12 CFR 563

Legal Deadline: None

Abstract: OTS plans to issue a notice of proposed rulemaking to 
reorganize, revise and streamline its regulations on directors and 
officers. The rule will address indemnification, board composition 
requirements, compensation, employment contracts, extensions of credit 
to outsiders, conflicts of interest, and corporate opportunity.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

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

Sally Watts, Counsel (Banking and Finance), Regulations and Legislation 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7380

David A. Permut, Counsel (Banking and Finance), Business Transactions 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7505

RIN: 1550-AB19
_______________________________________________________________________




3016. NONDEPOSIT INVESTMENT PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462; 12 USC 3806; 42 USC 4106; 12 USC 1462a; 
12 USC 1463; 12 USC 1464; 12 USC

[[Page 26060]]

1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12 USC 1828

CFR Citation: 12 CFR 545; 12 CFR 563

Legal Deadline: None

Abstract: OTS plans to issue a notice of proposed rulemaking updating 
its regulations on the sale of nondeposit investment products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

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

Jeff Lischer, Legislative Counsel, Regulations and Legislation 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7037

RIN: 1550-AB22
_______________________________________________________________________




3017. DUE-ON-SALE AND USURY PREEMPTION

Priority: Substantive, Nonsignificant

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 plans to issue a notice of proposed rulemaking to convert 
into a ``plain language'' format 12 CFR parts 590 and 591, concerning 
preemption of state usury and due-on-sale laws.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Federalism:  This action may have federalism implications as defined in 
EO 13132.

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

Sally Watts, Counsel (Banking and Finance), Regulations and Legislation 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7380

RIN: 1550-AB25
_______________________________________________________________________




3018. HOLDING COMPANY ACTIVITIES

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 plans to issue a notice of proposed rulemaking to help it 
monitor certain significant holding company activities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/27/00                    65 FR 64392
NPRM Comment Period End         02/09/01
NPRM                            09/00/01

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Karen Osterloh, Assistant Chief Counsel, Regulations 
and Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639

Donna Deale, Manager, Supervision Policy, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7488

Kevin A. Corcoran, Assistant Chief Counsel, Business Transactions, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6962

RIN: 1550-AB29
_______________________________________________________________________




3019. FAIR CREDIT REPORTING

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: Final, Statutory, May 12, 2000.

Abstract: OTS and the other Federal banking agencies are developing 
regulations implementing provisions of the Fair Credit Reporting Act. 
Subject to certain conditions, these regulations permit institutions to 
share ``other information'' with affiliates without becoming consumer 
reporting agencies (affiliate sharing). The proposed regulations 
specified that institutions must provide notice and an opportunity to 
opt-out to consumers before sharing ``other information'' with their 
affiliates.
The agencies have analyzed the comments received and are now in the 
process of developing a revised notice of proposed rulemaking.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/20/00                    65 FR 63120
NPRM Comment Period End         12/04/00
NPRM Update                     03/27/01                    66 FR 16624
Second NPRM                     12/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Christine Harrington, Counsel (Banking and Finance), 
Regulations and Legislation Division, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7957

Cindy Baltierra, Program Analyst, Compliance Policy, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-6540

RIN: 1550-AB33
_______________________________________________________________________




3020. LENDING AND INVESTMENT

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 560

Legal Deadline: None

Abstract: OTS is reviewing its lending regulations, including the rules 
implementing the Alternative Mortgage Parity Act: 1) to determine 
whether and

[[Page 26061]]

how they may be improved to ensure that lending regulations are 
encouraging the safe and sound, efficient delivery of low cost credit 
to the public, free from undue regulatory duplication and burden; and 
2) to give Federal savings associations greater flexibility in making 
community-related investments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           04/05/00                    65 FR 17811
ANPRM Comment Period End        07/05/00
NPRM                            08/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Federalism:  This action may have federalism implications as defined in 
EO 13132.

Additional Information: RIN 1550-AB40, Lending and Investment--
Miscellaneous Changes was merged with this RIN.

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

Karen Osterloh, Assistant Chief Counsel, Regulations and Legislation 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639

Koko Ives, Counsel (Banking and Finance), Regulations and Legislation 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-6661

Sonja White, National Community Affairs Coordinator, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-7857

RIN: 1550-AB37
_______________________________________________________________________




3021.  CAPITAL: QUALIFYING MORTGAGE LOAN, INTEREST RATE RISK 
COMPONENT, AND MISCELLANEOUS CHANGES

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: OTS plans to issue a proposed rule making miscellaneous 
changes to its capital regulations. The changes would eliminate 
unnecessary capital burdens and align OTS capital regulations more 
closely to those of the other banking agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/15/01                    66 FR 15049
NPRM Comment Period End         05/14/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Teresa Scott, Counsel (Banking and Finance), 
Regulations and Legislation Division, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6478

David Riley, Project Manager, Capital Policy, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-6669

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-AB45
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3022. MUTUAL SAVINGS ASSOCIATIONS, MUTUAL HOLDING COMPANY 
REORGANIZATIONS, AND CONVERSIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 563b

Legal Deadline: None

Abstract: OTS has issued an interim final rule: 1) amending its 
regulations governing repurchases of stock of insured savings 
associations following a conversion; 2) implementing changes regarding 
dividend waivers for mutual holding companies; and 3) incorporating 
changes resulting from the Gramm-Leach-Bliley Act.
OTS has also issued a notice of proposed rulemaking that would 
implement a comprehensive strategy governing mutual institutions, 
mutual holding company reorganizations, and the mutual to stock 
conversion process.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/12/00                    65 FR 43093
Interim Final Rule              07/12/00                    65 FR 43088
NPRM Comment Period End         11/09/00                    65 FR 60123
Interim Final Rule Comment 
Period End                      11/09/00                    65 FR 60095
Final Rule                      06/00/01

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Mary Jo Johnson, Project Manager, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5739

David A. Permut, Counsel (Banking and Finance), Business Transactions 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7505

Timothy Leary, Counsel (Banking and Finance), Regulations and 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552

[[Page 26062]]

Phone: 202 906-7170

RIN: 1550-AB24
_______________________________________________________________________




3023.  REMOVAL OF LIQUIDITY REQUIREMENT

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 
12 USC 1464; ...

CFR Citation: 12 CFR 506; 12 CFR 560; 12 CFR 563; 12 CFR 566; 12 CFR 
584

Legal Deadline: None

Abstract: OTS plans to issue an interim final rule to remove the 
regulation that requires savings associations to maintain a balance of 
liquid assets of at least four percent and make other conforming 
changes to implement the recent repeal of the statutory liquidity 
requirement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/15/01                    66 FR 15015
Interim Final Rule Comment 
Period End                      05/14/01

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Sally Watts, Counsel (Banking and Finance), Regulations 
and Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7380

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-AB42
_______________________________________________________________________


DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3024. APPLICATION PROCESSING

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 516

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/02/00                    65 FR 66118
Final Rule                      03/02/01                    66 FR 12993
Final Rule Effective            04/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John P. Harootunian
Phone: 202 906-6415

Koko Ives
Phone: 202 906-6661

Lane Langford
Phone: 202 906-7027

RIN: 1550-AB14
_______________________________________________________________________




3025. ORGANIZATIONAL REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 500; 12 CFR 506; 12 CFR 510

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/02/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Teresa Scott
Phone: 202 906-6478

RIN: 1550-AB30
_______________________________________________________________________




3026. COMMUNITY REINVESTMENT ACT DISCLOSURE

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 573

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      01/10/01                     66 FR 2052
Final Rule Effective            04/01/01

Regulatory Flexibility Analysis Required: Yes

Government Levels Affected: None

Agency Contact: Richard Bennett
Phone: 202 906-7409

Karen Osterloh
Phone: 202 906-6639

RIN: 1550-AB32
_______________________________________________________________________




3027. INSURANCE CUSTOMER PROTECTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 536

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      12/04/00                    65 FR 75822
Final Rule Effective            10/01/01                    66 FR 15345

Regulatory Flexibility Analysis Required: Yes

Government Levels Affected: State

Federalism:  This action may have federalism implications as defined in 
EO 13132.

Agency Contact: Richard Bennett
Phone: 202 906-7409
Robyn Dennis
Phone: 202 906-5751

RIN: 1550-AB34
_______________________________________________________________________




3028. INTERAGENCY GUIDELINES ESTABLISHING STANDARDS FOR SAFEGUARDING 
CUSTOMER INFORMATION AND RESCISSION OF YEAR 2000 STANDARDS FOR SAFETY 
AND SOUNDNESS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 568; 12 CFR 570; 12 CFR 573

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      02/01/01                     66 FR 8615
Final Rule Effective            07/01/01

Regulatory Flexibility Analysis Required: Yes

Government Levels Affected: None

Agency Contact: Cindy Baltierra
Phone: 202 906-6540

Christine Harrington
Phone: 202 906-7957

RIN: 1550-AB36
_______________________________________________________________________




3029. AMENDMENT TO PREAPPROVED BYLAWS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 552

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/02/00                    65 FR 66116
Final Rule                      03/15/01                    66 FR 15017
Final Rule Effective            04/16/01

[[Page 26063]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Aaron Kahn
Phone: 202 906-6263

RIN: 1550-AB39
_______________________________________________________________________




3030. LENDING AND INVESTMENT - MISCELLANEOUS CHANGES

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 559; 12 CFR 560

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Merged With RIN 1550-AB37       01/02/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Federalism:  This action may have federalism implications as defined in 
EO 13132.

Agency Contact: Koko Ives
Phone: 202 906-6661

Sonja White
Phone: 202 906-7857

William J. Magrini
Phone: 202 906-5744

RIN: 1550-AB40
_______________________________________________________________________




3031.  SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR EMPLOYEES 
OF THE DEPARTMENT OF THE TREASURY

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 7301; 5 USC 7353; 18 USC 212; 18 USC 
213; ...

CFR Citation: 5 CFR 3101

Legal Deadline: None

Abstract: The Department of the Treasury, with the concurrence of the 
Office of Government Ethics, amended the Supplemental Standards of 
Ethical Conduct for Employees of the Department of the Treasury to: 1) 
revise the circumstances under which certain OTS employees may obtain 
credit cards from OTS-regulated savings associations or their 
subsidiaries, notwithstanding the general prohibition against covered 
employees obtaining loans or extensions of credit from these entities; 
and 2) eliminate unnecessary provisions regarding retail store credit 
cards and mortgage assumptions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      02/01/01                     66 FR 8505
Final Rule Effective            02/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: M. Lou Guest, Deputy Chief Counsel, General Law 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-6866

RIN: 1550-AB43
_______________________________________________________________________




3032.  RULES OF PRACTICE AND PROCEDURE FOR ADJUDICATORY 
PROCEEDINGS; CIVIL MONEY PENALTY INFLATION ADJUSTMENT

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 504; 5 USC 554-557; 12 USC 1462a; 12 USC 1463; 
12 USC 1464; ...

CFR Citation: 12 CFR 509; 12 CFR 510

Legal Deadline: None

Abstract: Pursuant to the Federal Civil Monetary Penalty Inflation 
Adjustment Act of 1990 (Act), OTS issued a final rule implementing 
adjustments to its Civil Money Penalty (CMP) statutes. The Act requires 
that all Federal agencies with statutory authority to impose civil 
money penalties evaluate and adjust them every four years. OTS last 
adjusted its CMP statutes in 1996.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      10/17/00                    65 FR 61260
Final Rule Effective            10/17/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Published using RIN 1550-AB41.

Agency Contact: Timothy Leary, Counsel (Banking and Finance), 
Regulations and Legislation Division, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7170

RIN: 1550-AB44
BILLING CODE 6720-01-S
[FR Doc. 01-7880 Filed 05-11-01; 8:45 am]
