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


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Part XV





Department of the Treasury





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Semiannual Regulatory Agenda

[[Page 33564]]



DEPARTMENT OF THE TREASURY (TREAS)






_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

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: April 10, 2002.

 Richard S. Carro,

Senior Advisor to the General Counsel for Regulatory Affairs.

                                    Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2219       17 CFR 420 Amendments to the Large Position Rules....................................     1505-AA88
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2220       31 CFR 104 Counter Money Laundering Requirements--Correspondent Accounts; Foreign         1505-AA87
            Shell Banks.........................................................................
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2221       31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions          1505-AA74
            Through Payment Service Providers...................................................
2222       Financial Activities of Financial Subsidiaries.......................................     1505-AA80
2223       Financial Subsidiaries...............................................................     1505-AA81
2224       12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage.....................     1505-AA84
2225       12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature......     1505-AA85
2226       31 CFR 19 Common Rule Suspension and Debarment.......................................     1505-AA86
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2227       31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority to      1506-AA08
            Assess Civil Money Penalties on Depository Institutions.............................
2228       31 CFR 103.90 Financial Crimes Enforcement Network; Special Information Sharing           1506-AA27
            Procedures to Deter Money Laundering and Terrorist Activity.........................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2229       31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-    1506-AA15
            Border Transportation of Certain Monetary Instruments...............................
2230       31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Suspicious Activity            1506-AA21
            Reporting--Broker/Dealers...........................................................
2231       31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Suspicious Activity            1506-AA22
            Reporting--Casinos..................................................................

[[Page 33565]]


2232       31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions from the             1506-AA23
            Requirement to Report Transactions in Currency......................................
2233       31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement that             1506-AA25
            Nonfinancial Trades or Businesses Report Certain Currency Transactions..............
2234       31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Requirement that            1506-AA28
            Financial Institutions Establish Anti-Money Laundering Programs.....................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2235       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
----------------------------------------------------------------------------------------------------------------
2236       31 CFR 103.20(f) Amendment to the BSA Regulations--Requirement that Money                 1506-AA24
            Transmitters and Money Order and Travelers Check Issuers, Sellers, and Redeemers
            Report Suspicious Transactions-Implementation Date..................................
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2237       31 CFR 245 Claims on Account of Treasury Checks......................................     1510-AA51
2238       31 CFR 203 Payment of Federal Taxes and the Treasury Tax and Loan Program............     1510-AA79
2239       31 CFR 206 Management of Federal Agency Receipts and Disbursements; Operation of the      1510-AA86
            Cash Management Improvement Fund....................................................
2240       31 CFR 215 Withholding of District of Columbia, State, City and County Income or          1510-AA90
            Employment Taxes by Federal Agencies................................................
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2241       31 CFR 205 Rules and Procedures for Efficient Federal-State Funds Transfers..........     1510-AA38
2242       31 CFR 240 Indorsement and Payment of Checks Drawn on the United States Treasury.....     1510-AA45
2243       31 CFR 281 Foreign Exchange Operations...............................................     1510-AA48
2244       31 CFR 256 Payments Under Judgment and Private Relief Acts...........................     1510-AA52
2245       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......................
2246       31 CFR 285.7 Salary Offset...........................................................     1510-AA70
2247       31 CFR 285.8 Offset of Tax Refund Payment To Collect State Income Tax Obligations....     1510-AA78
2248       31 CFR 210 2003 ACH Rules............................................................     1510-AA89
----------------------------------------------------------------------------------------------------------------


[[Page 33566]]


                                 Financial Management Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2249       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).......
2250       31 CFR 285.14 Public Dissemination of Identity of Delinquent Debtors.................     1510-AA72
2251       31 CFR 223 Surety Bond Reimbursement Fund............................................     1510-AA85
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2252       31 CFR 210 Federal Government Participation in the Automated Clearinghouse...........     1510-AA81
2253       31 CFR 211 Delivery of Checks and Warrants to Addresses Outside the United States....     1510-AA88
----------------------------------------------------------------------------------------------------------------


                          Bureau of Alcohol, Tobacco and Firearms--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2254       27 CFR 9 American Viticultural Areas.................................................     1512-AA07
2255       27 CFR 7 Revision of Brewery Regulations and Issuance of Regulations for Taverns on       1512-AB37
            Brewery Premises (Brewpubs).........................................................
2256       27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for              1512-AB89
            Distilled Spirits and Wine..........................................................
2257       27 CFR 4 Amended Standard of Identity for Sherry.....................................     1512-AB96
2258       27 CFR 16 Alcohol Beverage Health Warning Statement..................................     1512-AC12
2259       27 CFR 24 Production of Agricultural Wines...........................................     1512-AC48
2260       27 CFR 9 Petition to Establish the Santa Barbara Highlands Viticultural Area.........     1512-AC53
2261       27 CFR 9 Petition to Establish the Trinity Lake Viticultural Area....................     1512-AC62
2262       27 CFR 4 Correction of Technical Error in 27 CFR Part 4..............................     1512-AC63
2263       27 CFR 4 Proposal to Recognize Synonyms for Petite Sirah and Zinfandel Grape              1512-AC65
            Varieties...........................................................................
2264       27 CFR 9 Petition to Establish ``Seneca Lake'' as an American Viticultural Area......     1512-AC70
2265       27 CFR 9 Petition to Establish ``Capay Valley'' as an American Viticultural Area.....     1512-AC71
2266       27 CFR 9 Petition for the Establishment of ``Red Hill'' as an American Viticultural       1512-AC76
            Area................................................................................
2267       27 CFR 55 Commerce in Explosives (Including Explosives in the Fireworks Industry)....     1512-AB48
2268       27 CFR Part 55 Identification Markings Placed on Explosive Materials.................     1512-AC25
2269       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........................................
2270       27 CFR 178 Implementation of P.L. 105-277 Relating to Secure Gun Storage.............     1512-AC67
2271       27 CFR 7 Plain Language in Part 7....................................................     1512-AC10
2272       27 CFR 44 Regulatory Changes From Customs Service Final Rule (2001R-90T).............     1512-AC56
----------------------------------------------------------------------------------------------------------------


                            Bureau of Alcohol, Tobacco and Firearms--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2273       27 CFR 5 Labeling of Unaged Grape Brandy.............................................     1512-AB46
2274       27 CFR 19.11 Distilled Spirits Plant Regulatory Initiative Proposal..................     1512-AB58
2275       27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188.........     1512-AB65
2276       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).................................................................
2277       27 CFR 4 Health Claims and Other Health Related Statements in the Labeling and            1512-AB97
            Advertising of Alcohol Beverages....................................................
2278       27 CFR 251 Recodification of Part 251................................................     1512-AC27
2279       27 CFR 4 Albarino, Black Corinth and Fiano Grape Varieties...........................     1512-AC29
2280       27 CFR 252 Delegation of Authority in 27 CFR Part 252................................     1512-AC44
2281       27 CFR 31 Liquor Dealers; Recodification of Regulations..............................     1512-AC45

[[Page 33567]]


2282       27 CFR 31 Delegation of Authority in 27 CFR Part 31..................................     1512-AC49
2283       27 CFR 251 Delegation of Authority in 27 CFR Part 251................................     1512-AC58
2284       27 CFR 178 Commerce in Firearms and Ammunition (Omnibus Consolidated Appropriations       1512-AB64
            Act of 1997)........................................................................
2285       27 CFR 178 Residency Requirement for Persons Acquiring Firearms......................     1512-AB66
2286       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................................................
2287       27 CFR 178 Public Law 105-277, Making Omnibus Consolidated and Emergency Supplemental     1512-AB93
            Appropriations for FY99, Relating to Firearms Disabilities for Nonimmigrant Aliens..
2288       27 CFR 178 Commerce in Firearms and Ammunition--Annual Inventory.....................     1512-AC08
2289       27 CFR 275 Tobacco Products and Cigarette Papers and Tubes Shipped from Puerto Rico       1512-AC24
            to the United States................................................................
2290       27 CFR 270 Elimination of Application to Remove Tobacco Products from Manufacturer's      1512-AC32
            Premises for Experimental Purposes..................................................
2291       27 CFR 44 Delegation of Authority in 27 CFR Part 44..................................     1512-AC36
2292       27 CFR 41 Importation of Tobacco Products and Cigarette Papers and Tubes;                 1512-AC46
            Recodification of Regulations.......................................................
----------------------------------------------------------------------------------------------------------------


                           Bureau of Alcohol, Tobacco and Firearms--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2293       27 CFR 252 Exportation of Liquors....................................................     1512-AA98
2294       27 CFR 7 Alcoholic Content Labeling for Malt Beverages...............................     1512-AB17
2295       Sake Regulations.....................................................................     1512-AC09
2296       Flavored Malt Beverages..............................................................     1512-AC11
2297       27 CFR 4.32(d) Removal of Requirement to Disclose Saccharin in the Labeling of Wine,      1512-AC17
            Distilled Spirits and Malt Beverages................................................
2298       27 CFR 4 Proposed Addition of ``Tannat'' as a Grape Variety Name for American Wines..     1512-AC50
2299       27 CFR 5.22 Petition to Amend the Standards of Identity for Whisky and Brandy........     1512-AC51
2300       27 CFR 19, subpart W Proposed Revisions of 27 CFR Part 19............................     1512-AC52
2301       27 CFR 9 Proposed San Bernabe Viticultural Area......................................     1512-AC60
2302       27 CFR 9 Petition to Establish Red Hills American Viticultural Area..................     1512-AC66
2303       27 CFR 9 Petition to Establish ``Bennett Valley'' as an American Viticultural Area...     1512-AC72
2304       27 CFR 17 Taxpaid Distilled Spirits Used in Manufacturing Products Unfit for Beverage     1512-AC73
            Use.................................................................................
2305       27 CFR 9 Petition to Change the Temecula Viticultural Area's Name to Temecula Valley.     1512-AC77
2306       27 CFR 19 Delegation of Authority in 27 CFR Part 19..................................     1512-AC06
2307       27 CFR 47 Commerce in Firearms and Ammunition; Recodification of Regulations (2002R-      1512-AC68
            013P)...............................................................................
2308       27 CFR 47 Machine Guns, Destructive Devices, and Certain Other Firearms;                  1512-AC69
            Recodification of Regulations.......................................................
2309       27 CFR 70 Delegation of Authority for Part 70........................................     1512-AC74
2310       27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the               1512-AC07
            Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments...
2311       27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and      1512-AC14
            Tubes Imported or Brought into the United States....................................
2312       27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars....................     1512-AC22
2313       27 CFR 270 Elimination of Statistical Classes for Large Cigars.......................     1512-AC33
2314       27 CFR 40 Delegation of Authority in 27 CFR Part 40..................................     1512-AC54
2315       27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment      1512-AC57
            of Tax..............................................................................
2316       27 CFR 44 Voluntary Waiver of Filing Claim for Credit, Refund, Allowance or Credit of     1512-AC64
            Tax for Tobacco Products Manufactured in Canada.....................................
2317       27 CFR 45 Removal of Tobacco Products and Cigarette Papers and Tubes Without Payment      1512-AC75
            of Tax for Use of the United States.................................................
----------------------------------------------------------------------------------------------------------------


                           Bureau of Alcohol, Tobacco and Firearms--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2318       27 CFR 20 Distribution of Denatured Alcohol and Rum..................................     1512-AB57

[[Page 33568]]


2319       27 CFR 45 Delegation of Authority in 27 CFR Parts 45 and 46..........................     1512-AC59
----------------------------------------------------------------------------------------------------------------


                                              Bureau of Alcohol, Tobacco and Firearms--Discontinued Entries
--------------------------------------------------------------------------------------------------------------------------------------------------------
  Regulation
Identification                                             Title                                             Date Withdrawn            Comments
    Number
--------------------------------------------------------------------------------------------------------------------------------------------------------
1512-AB81       27 CFR 200 Balanced Budget Act of 1997, Public Law 105-33, Restriction on the Importation       03/13/2002   Withdrawn
                 of Domestic Tobacco Products and Cigarette Papers and Tubes Returned to the United States
1512-AB90       5 CFR 1320.7(f)(2) Implementation of the Paperwork Reduction Act                                03/13/2002   Withdrawn
1512-AC30       27 CFR 55 Commerce in Explosives-Sport Rocket Motors                                            03/13/2002   Withdrawn
--------------------------------------------------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2320       12 CFR 19 Uniform Rules of Practice and Procedure; Regulation Review.................     1557-AB43
2321       Fair Credit Reporting Regulations....................................................     1557-AB78
2322       12 CFR 5 Rules, Policies, and Procedures for Corporate Activities and Bank Activities     1557-AB97
            and Operations......................................................................
2323       12 CFR 19 Maintenance of Records.....................................................     1557-AB99
2324       12 CFR 5 Payday Lending..............................................................     1557-AC01
2325       12 CFR 5 Financial Subsidiaries and Noncontrolling Investments of Federal Branches        1557-AC02
            and Agencies........................................................................
2326       12 CFR 28 International Banking Activities...........................................     1557-AC04
2327       31 CFR 103 Identity Verification Program.............................................     1557-AC06
----------------------------------------------------------------------------------------------------------------


                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2328       12 CFR 3 Capital Rules...............................................................     1557-AB14
2329       12 CFR 37 Debt Cancellation Contracts and Debt Suspension Agreements.................     1557-AB75
2330       12 CFR 7.1002 Bank Activities and Operations (Electronic Banking)....................     1557-AB76
2331       31 CFR 1 Notice of Exempt Privacy Act Systems of Records.............................     1557-AB83
2332       12 CFR 25 Prohibition Against Use of Interstate Branches Primarily for Deposit            1557-AB95
            Production..........................................................................
2333       12 CFR 28.15 International Banking Activities: Capital Equivalency Deposit...........     1557-AC05
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2334       Rules and Procedures for Claims Against OCC-Appointed Receiverships for Uninsured         1557-AB59
            Financial Institutions..............................................................
2335       12 CFR 34 Real Estate Appraisals.....................................................     1557-AB70
2336       Recordkeeping Requirements for Bank Exceptions from Securities Broker or Dealer           1557-AB93
            Registration........................................................................
2337       12 CFR 25 Community Reinvestment Act Regulation......................................     1557-AB98
----------------------------------------------------------------------------------------------------------------


[[Page 33569]]


                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2338       12 CFR 12 Qualification Requirements for Transactions in Certain Securities..........     1557-AB54
2339       12 CFR 21 Minimum Security Devices and Procedures....................................     1557-AB71
2340       12 CFR 9 Fiduciary Activities of National Banks......................................     1557-AB79
2341       12 CFR 8 Assessment of Fees..........................................................     1557-AC00
----------------------------------------------------------------------------------------------------------------


                               United States Customs Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2342       19 CFR 12 Textiles and Textile Products Subject to Textile Trade Agreements..........     1515-AB54
2343       19 CFR 159 Liquidation; Extension; Suspension........................................     1515-AB66
2344       19 CFR 12 Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and Music     1515-AB74
            Videos of Live Musical Performances.................................................
2345       19 CFR 142 Reconciliation............................................................     1515-AB85
2346       19 CFR 111 Remote Location Filing....................................................     1515-AC23
2347       19 CFR 123 Simplification of In-Transit Truck Shipments Between Canada and the United     1515-AC65
            States..............................................................................
2348       19 CFR 142 Requirements for Future Customs Transactions When Payment to Customs on        1515-AC68
            Prior Transactions is Delinquent and/or Dishonored..................................
2349       19 CFR 145 Customs Examination of In-Transit Mail Shipments..........................     1515-AC71
2350       19 CFR 146 Expanded Weekly Entry Procedure for Foreign Trade Zones...................     1515-AC74
2351       19 CFR 24 Reimbursable Customs Inspectional Services: Increase in Hourly Rate Charge.     1515-AC77
2352       19 CFR 24 User Fees..................................................................     1515-AC81
2353       19 CFR 10 Prototypes Used Solely For Product Development, Testing, Evaluation or          1515-AC88
            Quality Control Purposes............................................................
2354       19 CFR 24 Procedures Governing the Border Release Advanced Screening and Selectivity      1515-AC92
            (BRASS) Program.....................................................................
2355       19 CFR 12 Patent Surveys.............................................................     1515-AC93
2356       19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple     1515-AC94
            Conveyances.........................................................................
2357       19 CFR 133 Civil Fines For Importation of Merchandise Bearing a Counterfeit Mark.....     1515-AC98
2358       19 CFR 122 Re-Use of Air Waybill Number on Air Cargo Manifest........................     1515-AD01
2359       19 CFR 141 Conditional Release Period and Customs Bond Obligations For Food, Drugs,       1515-AD05
            Devices and Cosmetics...............................................................
----------------------------------------------------------------------------------------------------------------


                                 United States Customs Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2360       19 CFR 4 Harbor Maintenance Fee......................................................     1515-AA57
2361       19 CFR 24 Donated Cargo Exemption From Harbor Maintenance Fee........................     1515-AA87
2362       19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty-           1515-AB87
            Deferral Program Provisions.........................................................
2363       19 CFR 141 Customs Entry Documentation Pursuant to Anticounterfeiting Consumer            1515-AC15
            Protection Act......................................................................
2364       19 CFR 134 Country-of-Origin Marking.................................................     1515-AC32
2365       19 CFR 24 Expanded Methods of Payment of Duties, Taxes, Interest and Fees............     1515-AC40
2366       19 CFR 113 Importation and Entry Bond Conditions Regarding Other Agency Documentation     1515-AC44
            Requirements........................................................................
2367       19 CFR 177 Administrative Rulings....................................................     1515-AC56
2368       19 CFR 4 General Order Warehouses....................................................     1515-AC57
2369       19 CFR 4 Deferral of Duty on Large Yachts Imported for Sale..........................     1515-AC58
2370       19 CFR 10 Civil Aircraft.............................................................     1515-AC59
2371       19 CFR 4 User and Navigation Fees; Other Reimbursable Charges........................     1515-AC63
2372       19 CFR 191 Merchandise Processing Fee Eligible to be Claimed as Unused Merchandise        1515-AC67
            Drawback............................................................................
2373       19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences...     1515-AC72
2374       19 CFR 122 Private Aircraft Programs: Establishment of the General Aviation               1515-AC73
            Telephonic Entry (GATE) Program and Revisions to the Overflight Program.............
2375       19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin         1515-AC76
            Initiative..........................................................................
2376       19 CFR 10 Duty-Free Treatment for Certain Beverages Made with Caribbean Rum..........     1515-AC78
2377       19 CFR 102 Rules of Origin for Textile and Apparel Products..........................     1515-AC80

[[Page 33570]]


2378       19 CFR 24 Amended Procedure for Obtaining Refunds of Harbor Maintenance Fees Paid on      1515-AC82
            Exports of Merchandise..............................................................
2379       19 CFR 132 Licenses for Certain Worsted Wool Fabrics Subject to Tariff-Rate Quota....     1515-AC83
2380       19 CFR 10 Amendment to Wool Duty Refund Program......................................     1515-AC85
2381       19 CFR 12 Dog and Cat Protection Act.................................................     1515-AC87
2382       19 CFR 10 Preferential Treatment of Brassieres Under the United States-Caribbean          1515-AC89
            Basin Trade Partnership Act.........................................................
2383       19 CFR 141 Single Entry for Split Shipments..........................................     1515-AC91
2384       19 CFR 122 Passenger and Crew Manifests Required for Passenger Flights in Foreign Air     1515-AC99
            Transportation to the United States.................................................
2385       19 CFR 191 Manufacturing Substitution Drawback: Duty Apportionment...................     1515-AD02
2386       19 CFR 122 Access to Customs Security Areas at Airports..............................     1515-AD04
2387       19 CFR 122 Passenger Name Record Information Required For Passengers On Flights In        1515-AD06
            Foreign Air Transportation To Or From the United States.............................
2388       19 CFR 132 Elimination of Tariff-Rate Quota on Imported Lamb Meat....................     1515-AD09
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2389       19 CFR 12 Entry of Softwood Lumber Shipments From Canada.............................     1515-AB97
2390       19 CFR 123 Designated Land Border Crossing Locations for Certain Conveyances.........     1515-AC12
2391       19 CFR 12 Entry of Softwood Lumber Shipments from Canada.............................     1515-AC62
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2392       19 CFR 162 Civil Asset Forfeiture....................................................     1515-AC69
2393       19 CFR 12 Import Restrictions Imposed on Archaeological and Ethnological Materials        1515-AC95
            from Bolivia........................................................................
2394       19 CFR 191 Drawback; Conforming Amendments...........................................     1515-AD00
2395       19 CFR 141 Andean Trade Preference Act...............................................     1515-AD03
2396       19 CFR 141 Payment of Duties on Certain Steel Products...............................     1515-AD07
2397       19 CFR 181 North American Free Trade Agreement.......................................     1515-AD08
----------------------------------------------------------------------------------------------------------------


                                                   United States Customs Service--Discontinued Entries
--------------------------------------------------------------------------------------------------------------------------------------------------------
  Regulation
Identification                                             Title                                             Date Withdrawn            Comments
    Number
--------------------------------------------------------------------------------------------------------------------------------------------------------
1515-AB25       19 CFR 113 Automated Surety Interface                                                           02/14/2002   Withdrawn
1515-AB61       19 CFR 134 Country-of-Origin Marking Requirements for Frozen Produce Packages                   02/14/2002   Withdrawn
1515-AC00       19 CFR 12 Determination of the Country-of-Origin of Textiles and Textile Products               02/14/2002   Withdrawn
1515-AC13       19 CFR 103 Public Disclosure of Aircraft Manifests                                              02/14/2002   Withdrawn
1515-AC25       19 CFR 102 NAFTA Preference Override                                                            02/14/2002   Withdrawn
1515-AC50       19 CFR 19 Personal-Use Limitation for Purchases at Duty-Free Stores                             02/14/2002   Withdrawn
--------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 33571]]


                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2398       Golden Parachute Payments............................................................     1545-AH49
2399       Foreign Insurance Company--Domestic Election.........................................     1545-AO25
2400       Intercompany Transfer Pricing for Services...........................................     1545-AR32
2401       Reporting Requirements for Widely Held Fixed Investment Trusts.......................     1545-AU15
2402       Source Rules for Payments Made Pursuant to Certain Swap Arrangements.................     1545-AU89
2403       Removal of Temporary Regulations That Provide Rules for Substantiating Travel Expense     1545-AV55
            Deductions for Members of Congress..................................................
2404       Transportation of Persons and Property by Air--Sections 4261 and 4271................     1545-AW19
2405       Estate Tax Deduction for Qualified Family-Owned Business Interests (QFOBI)...........     1545-AW21
2406       Capital Gain Guidance Relating to CRTs...............................................     1545-AW35
2407       Merchandise Regulation...............................................................     1545-AW61
2408       Reporting of Payments to Attorney....................................................     1545-AW72
2409       Constructive Sales of Appreciated Financial Positions................................     1545-AW97
2410       Rules for Sourcing Certain Transportation Income, Space or Ocean Activity Income, and     1545-AX02
            Related Foreign Base Company Shipping Income........................................
2411       Highway Vehicle--Definition..........................................................     1545-AX10
2412       Guidance on Cost Recovery in the Entertainment Industry..............................     1545-AX12
2413       Straddles--One Side Larger Than the Other............................................     1545-AX16
2414       Definition of Accounting Method......................................................     1545-AX21
2415       Sections 401(k) and 410(m) Cash or Deferred Arrangements.............................     1545-AX26
2416       Inspection of Written Determinations Under Section 6110 of the Internal Revenue Code.     1545-AX40
2417       401(k) and 401(m) Regulations........................................................     1545-AX43
2418       Section 7430 Regulations.............................................................     1545-AX46
2419       Section 414(q) Regulation............................................................     1545-AX48
2420       Compensation Deferred Under Eligible Section 457(b) Plans (Section 457 Regulations)..     1545-AX52
2421       Modification to Section 367(a) Stock Transfer Regulations............................     1545-AX77
2422       Statute of Limitations on Collection Installment Agreements..........................     1545-AX89
2423       Clarification of Foreign-Based Company Sales Income Rules............................     1545-AX91
2424       Assumption of Partnership Liabilities................................................     1545-AX93
2425       Like-Kind Exchanges Under Section 168................................................     1545-AX95
2426       Definition of Diesel Fuel............................................................     1545-AX97
2427       Guidance Necessary to Facilitate Electronic Tax Administration.......................     1545-AY04
2428       Damages Under Section 7433...........................................................     1545-AY08
2429       Investment Type Property (Prepayment)................................................     1545-AY12
2430       Electing Mark-to-Market for Marketable Stock of a PFIC...............................     1545-AY17
2431       Guidance on Changes to the Laws for Corporate Estimated Taxes........................     1545-AY22
2432       Section 1445 Regulation..............................................................     1545-AY24
2433       Section 1503(d) Regulation...........................................................     1545-AY27
2434       Withholding Tax on Foreign Partners' Share of Effectively Connected Income...........     1545-AY28
2435       Taxable Years of CFCs and FPHCs......................................................     1545-AY30
2436       IRS NPRM Guidance Under Section 6050P Regarding Information Reporting on Cancellation     1545-AY35
            of Indebtedness.....................................................................
2437       Allocation of Income and Deductions from Intangibles.................................     1545-AY38
2438       Dollar-Value LIFO....................................................................     1545-AY39
2439       Guidance Under Section 817A Regarding Modified Guaranteed Contracts..................     1545-AY48
2440       Application of Section 338 to Insurance Companies....................................     1545-AY49
2441       Previously Taxed Earnings and Profits Under Subpart F................................     1545-AY54
2442       Guidance Necessary to Facilitate Electronic Tax Administration.......................     1545-AY56
2443       Normal Retirement Age for Pension Plans..............................................     1545-AY61
2444       Liabilities Assumed in Certain Corporate Transactions................................     1545-AY74
2445       Normalization........................................................................     1545-AY75
2446       Qualified S Election for Testamentary Trusts.........................................     1545-AY76
2447       Low-Income Taxpayer Clinics..........................................................     1545-AY84
2448       Charitable Lead Interest.............................................................     1545-AY86
2449       Disclosure of Returns and Return Information in Judicial and Administrative Tax           1545-AY89
            Proceedings.........................................................................
2450       Section 736(b)(3)(B).................................................................     1545-AY90
2451       Net Gift Treatment--Section 2519.....................................................     1545-AY91
2452       Definition of Agent for Purposes of I.R.C. Sections 6103(1) and (m) and Safeguard         1545-AY94
            Certifications......................................................................
2453       Termination of QSub Election.........................................................     1545-AY95
2454       Regulations Under Sections 6662 and 6664 Regarding Tax Shelter Penalties.............     1545-AY97

[[Page 33572]]


2455       Expenditures in Connection with the Creation of Intangible Assets....................     1545-BA00
2456       Title--Allocation and Apportionment of Interest Expense..............................     1545-BA02
2457       Mergers Involving Disregarded Entities...............................................     1545-BA06
2458       Notice of Significant Reduction in the Rate of Future Benefit Accrual................     1545-BA08
2459       Reductions of Accruals and Allocations because of Increased Age......................     1545-BA10
2460       Guidance Under Section 1502 Regarding Transactions Involving Obligations of               1545-BA11
            Consolidated Group Members..........................................................
2461       Guidance Regarding the Treatment by a Corporation of Financial Instruments Based on       1545-BA12
            the Value of that Corporation's Stock...............................................
2462       Deductibility of Employer Contributions for Deferred Compensation....................     1545-BA13
2463       Continuation of a Consolidated Group Under 1.1502-75.................................     1545-BA14
2464       Consolidated Returns; Investment Adjustments Involving Preferred Stock...............     1545-BA15
2465       Counting 2100 Notices................................................................     1545-BA18
2466       Amending 301.6334-1, Property Exempt from Levy.......................................     1545-BA22
2467       Unit Livestock Pricing Method........................................................     1545-BA25
2468       Application of the Federal Insurance Contributions Act, Federal Unemployment Tax Act      1545-BA26
            and Collection of Income Tax at Source to Statutory Stock Options...................
2469       Gasoline Tax Claims Under Section 6416(A)(4).........................................     1545-BA27
2470       Suspension of Statutes of Limitation in John Doe and Third Party Summons Disputes and     1545-BA31
            Expansion of Taxpayers' Rights to Receive Notice and Seek Judicial Review of Third
            Party Summonses.....................................................................
2471       Amendments to Rules for Allocation of Basis..........................................     1545-BA32
2472       Guidance Regarding Foreign Personal Holding Company Income...........................     1545-BA33
2473       1.32-2 Earned Income Credit..........................................................     1545-BA34
2474       Disclosures of Return Information to Officers and Employees of the Department of          1545-BA35
            Agriculture for Certain Statistical Purposes and Related Activities.................
2475       Income From Sources Within Specified Possession......................................     1545-BA37
2476       Treatment of Certain Obligation-shifting Transactions................................     1545-BA41
2477       Information Reporting for Qualified Tuition and Related Expenses; Magnetic Media          1545-BA43
            Filing Requirements for Information Returns.........................................
2478       Split-Dollar Life Insurance..........................................................     1545-BA44
2479       Multi-Family Housing Bonds...........................................................     1545-BA45
2480       Amendment to the Definition of Refunding and Controlled Group........................     1545-BA46
2481       Section 419A Guidance................................................................     1545-BA47
2482       Determination of Basis of Partner's Interest; Special Rules..........................     1545-BA50
2483       Loss Limitation Rules................................................................     1545-BA52
2484       Partnership Options..................................................................     1545-BA53
2485       User Fees for Offers to Compromise...................................................     1545-BA54
2486       Compensatory Stock Options Under Section 482.........................................     1545-BA57
2487       Modification of Check the Box (Temporary)............................................     1545-BA58
2488       Modification of Check the Box........................................................     1545-BA59
2489       Required Distributions from Retirement Plans.........................................     1545-BA60
2490       Abatement of Interest on Large Erroneous Refunds.....................................     1545-BA61
2491       Modification of Tax Shelter Rules III................................................     1545-BA62
2492       Primary Profit Motive under Section 165(c)...........................................     1545-BA63
2493       Allocation and Apportionment Rules: Guidance on Selected Issues......................     1545-BA64
2494       Provisions Regarding Cross-Border Transactions.......................................     1545-BA65
2495       Modification of Tax Shelter Rules III................................................     1545-BA66
2496       Modification of Tax Shelter Rules III (Temporary)....................................     1545-BA67
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2497       Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax      1545-AC09
            and Civil Penalties for Failure to File.............................................
2498       Income Tax--Reciprocal Exemptions for Certain Transportation Income..................     1545-AJ57
2499       Regulations Under Section 367 To Reflect Section 131 of the Tax Reform Act of 1984        1545-AK74
            (Pub. L. 98-369)....................................................................

[[Page 33573]]


2500       Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign           1545-AK79
            Investment in Real Property Tax Act.................................................
2501       Limitations on Passive Activity Losses and Credits--Self-Charged Items...............     1545-AN64
2502       Earnings Stripping Payments..........................................................     1545-AO24
2503       Fringe Benefit Sourcing Under Section 861............................................     1545-AO72
2504       Section 1.163-1(b)(2)................................................................     1545-AP33
2505       Interest-Free Adjustments............................................................     1545-AQ61
2506       Definition of ``Highly Compensated Employee''........................................     1545-AQ74
2507       Escrow Funds and Other Similar Funds.................................................     1545-AR82
2508       Mark-to-Market Upon Disposition......................................................     1545-AS85
2509       Straddles--Miscellaneous Issues......................................................     1545-AT46
2510       Treatment of Obligation-Shifting Transactions........................................     1545-AU19
2511       Electing Small Business Trust........................................................     1545-AU76
2512       FASIT--Start-up/Operational/Transition...............................................     1545-AU94
2513       Agreements for Payment of Tax Liabilities in Installments............................     1545-AU97
2514       Return of Levied Property in Certain Cases...........................................     1545-AV01
2515       Regulations Under Section 1441 Regarding the Electronic Transmission of Withholding       1545-AV27
            Certificates........................................................................
2516       Interest on Education Loans..........................................................     1545-AW01
2517       Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and        1545-AW06
            Commodities.........................................................................
2518       Stocks and Securities Safe Harbor Exception..........................................     1545-AW13
2519       Election To Treat Trust as Estate--Section 645.......................................     1545-AW24
2520       Corporate Tax Shelter Registration...................................................     1545-AW26
2521       Intercompany Obligations.............................................................     1545-AW30
2522       Disregarded Entities.................................................................     1545-AW36
2523       Middleman Regulation Under Sections 6041 and 6045....................................     1545-AW48
2524       Guidance Under Subpart F Relating to Certain Hybrid Transactions.....................     1545-AW63
2525       Relief From Joint and Several Liability on Joint Return..............................     1545-AW64
2526       Education Credits....................................................................     1545-AW65
2527       Information Reporting for Payments of Interest on Education Loans....................     1545-AW67
2528       Modifications and Additions to the Unified Partnership Audit Procedures..............     1545-AW86
2529       Compromises..........................................................................     1545-AW88
2530       Certain Asset Transfers to Regulated Investment Companies (RICs) and Real Estate          1545-AW92
            Investment Trusts (REITs)...........................................................
2531       Transfer of REMIC Residual Interest..................................................     1545-AW98
2532       Qualified Offers.....................................................................     1545-AW99
2533       Notice of Contact of Third Parties--Section 7602(c)..................................     1545-AX04
2534       Allocation of Research Credit........................................................     1545-AX05
2535       Delay Rental Payments................................................................     1545-AX06
2536       Change of Annual Accounting Period...................................................     1545-AX15
2537       Coordination of Sections 755 and 1060................................................     1545-AX18
2538       Exclusion of Gain on the Sale or Exchange of Principal Residence.....................     1545-AX28
2539       Special Rules for Retroactive Payments Under Section 417(a)(7)(a) for Qualified           1545-AX34
            Retirement Plans....................................................................
2540       Changes in Entity Classification: Special Rule for Certain Foreign Eligible Entities.     1545-AX39
2541       Agent for the Group Under Section 1.1502-77..........................................     1545-AX56
2542       Equity Options with Flexible Terms...................................................     1545-AX66
2543       Loans Under Section 72(p)............................................................     1545-AX68
2544       Allocation and Apportionment of Interest Expense and Certain Other Expenses..........     1545-AX72
2545       Clarification of Entity Classification Rules Regarding Entities Classified as             1545-AX75
            Corporations........................................................................
2546       Requirement to Maintain List of Investors in Potentially Abusive Tax Shelters........     1545-AX79
2547       Tax Shelter Disclosure Statements....................................................     1545-AX81
2548       Disclosure of Return and Return Information to Designee of Taxpayer..................     1545-AX85
2549       Application of Separate Foreign Tax Credit Limitations...............................     1545-AX88
2550       Determination of Basis of Partners' Interest; Special Rules..........................     1545-AX94
2551       Definition of Income Under Section 643...............................................     1545-AX96
2552       Constructive Transfers and Transfers of Property to Third Parties on Behalf of a          1545-AX99
            Spouse..............................................................................
2553       Regulations Governing Practice Before the Internal Revenue Service...................     1545-AY05
2554       ''Authorized Placement Agency'' Under Section 152....................................     1545-AY18
2555       Mid-Contract Change in Taxpayer......................................................     1545-AY31
2556       HIPAA General Nondiscrimination......................................................     1545-AY32
2557       HIPAA Nondiscrimination/Exception for Church Plans...................................     1545-AY33

[[Page 33574]]


2558       HIPAA Nondiscrimination/Bona Fide Wellness Programs..................................     1545-AY34
2559       Guidance under Section 355(e); Recognition of Gain on Certain Distributions of Stock      1545-AY42
            of Securities in Connection with an Acquisition.....................................
2560       Guidance Under Subpart F Relating to Partnerships....................................     1545-AY45
2561       Electronic Furnishing of Payee Statements............................................     1545-AY50
2562       Disclosure of Return Information to Officers and Employees of the Department of           1545-AY52
            Commerce for Certain Statistical Purposes and Related Activities....................
2563       Guidance Under Section 1275(a)(1)(B)(ii).............................................     1545-AY60
2564       Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens.................     1545-AY62
2565       Section 706 and Foreign Partners.....................................................     1545-AY66
2566       Tax Treatment of Cafeteria Plans.....................................................     1545-AY67
2567       Notice to Interested Parties.........................................................     1545-AY68
2568       Required Distributions from Retirement Plans.........................................     1545-AY69
2569       Disclosure of Returns and Return Information by Other Agencies.......................     1545-AY77
2570       Research Credit III..................................................................     1545-AY82
2571       New Market Tax Credit................................................................     1545-AY87
2572       Guidance Under IRC Section 4374......................................................     1545-AY93
2573       Conforming Amendments to Section 446.................................................     1545-BA05
2574       Consolidated Returns; Non-Applicability of Section 357(c)............................     1545-BA09
2575       Catch-Up Contributions for Individuals Age 50 or Over................................     1545-BA24
2576       Transfers of C Corporation Property to RICs or REITs.................................     1545-BA36
2577       Withholding at Treaty Rate Exception for Taxpayer Identifying Number.................     1545-BA38
2578       Guidance Under Section 355(e); Recognition of Gain on Certain Distributions of Stock      1545-BA55
            or Securities in Connection with an Aquisition......................................
2579       Disclosures of Return Information to Officers and Employees of the Department of          1545-BA56
            Agriculture for Certain Statistical Purposes and Related Activities.................
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2580       Income Tax--Definition of Qualified Possession Source Investment Income for Purposes      1545-AC10
            of Puerto Rico and Possession Tax Credit............................................
2581       FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other       1545-AI16
            Special Rules for FSC...............................................................
2582       Information From Passport and Immigration Applicants.................................     1545-AJ93
2583       Foreign Insurance Companies..........................................................     1545-AL82
2584       Income of Foreign Governments and International Organizations........................     1545-AL93
2585       Clarification of Treatment of Separate Limitation Losses.............................     1545-AM11
2586       Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch     1545-AM12
            Remittances.........................................................................
2587       Earnings and Profits of Controlled Foreign Corporations..............................     1545-AM90
2588       CBI Investments of Section 936 Funds.................................................     1545-AM91
2589       Section 361 Outbound Transfers of Property to Foreign Corporations...................     1545-AM97
2590       Railroad Unemployment Repayment Tax..................................................     1545-AN40
2591       Consolidated Alternative Minimum Tax.................................................     1545-AN73
2592       Conforming Taxable Years of CFCs and FPHCs: 1989 Change..............................     1545-AO22
2593       Taxation of Global Trading...........................................................     1545-AP01
2594       Information Reporting and Record Maintenance Under Section 6038C.....................     1545-AP10
2595       Charitable Contributions.............................................................     1545-AP30
2596       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................
2597       Use of GAAP Earnings as E&P of Foreign Corporations..................................     1545-AQ55
2598       The Treatment of Accelerated Death Benefits Under Sections 101, 7702 and 7702A of the     1545-AQ70
            Internal Revenue Code...............................................................
2599       Integrated Financial Transaction.....................................................     1545-AR20
2600       Section 6048 Regulations.............................................................     1545-AR25
2601       Applications of Section 1503(d) to Partnerships and Other Items......................     1545-AR26
2602       Allocation of Accrued Benefits Between Employer and Employee Contributions...........     1545-AT82
2603       Proposed Regulation Under Sections 882 and 884.......................................     1545-AT96

[[Page 33575]]


2604       Application of Grantor Trust Rules to Nonexempt Employees' Trust.....................     1545-AU29
2605       Recomputation of Life Insurance Reserves.............................................     1545-AU49
2606       Application of Attribution Rules to Foreign Trusts...................................     1545-AU91
2607       Definition of ``Private Activity Bonds'' Allocation and Accounting Regulations.......     1545-AU98
2608       Required Distributions From Qualified Plans and Individual Retirement Plans..........     1545-AV82
2609       Foreign Tax Credit Anti-abuse Regulation.............................................     1545-AV97
2610       Section 988--Contingent Debt Instrument..............................................     1545-AW33
2611       Source of Income From Certain Space and Ocean Activities and for Communications           1545-AW50
            Income..............................................................................
2612       Guaranteed Investment Contracts......................................................     1545-AX22
2613       Definition of Private Activity Bond--Refunding Regulations...........................     1545-AX55
2614       Stock Transfer Rules: Carryover of Earnings and Taxes................................     1545-AX65
2615       Definition of Passive Foreign Investment Company Under Section 1297..................     1545-AX78
2616       HIPAA Portability....................................................................     1545-AX84
2617       Capitalization of Interest and Carrying Charges Properly Allocable to Straddles......     1545-AX92
2618       Hedging Transactions Under Section 1221(a)(7) and Section 446........................     1545-AY02
2619       Guidance Under Section 894...........................................................     1545-AY13
2620       Active Conduct of an Insurance Business Under PFIC Rules.............................     1545-AY20
2621       Disallowance of Deductions and Credits for Failure to File Timely Return.............     1545-AY26
2622       Section 367(d) Regulations...........................................................     1545-AY41
2623       Special Rules for S Corporations Under Section 301.7701(b)-7.........................     1545-AY44
2624       Required Distributions from Retirement Plans.........................................     1545-AY70
2625       Obligation of States and Political Subdivisions......................................     1545-AY71
2626       Treatment of Community Income for Certain Individuals Not Filing Joint Returns.......     1545-AY83
2627       Section 1441 Proposed Regulation (Promulgates Notices 2000-4 and 2000-11)............     1545-AY92
2628       Proposed Regulation for Procurement/Purchasing Card Reporting........................     1545-BA17
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2629       Effect of the Family and Medical Leave Act on the Operation of Cafeteria Plans.......     1545-AT47
2630       Averaging of Farm Income.............................................................     1545-AW05
2631       Allocation of Loss on Disposition of Personal Property...............................     1545-AW09
2632       Payment of Taxes by Credit Card and Debit Card.......................................     1545-AW37
2633       Conversion to the Euro...............................................................     1545-AW43
2634       Notice and Opportunity for Hearing Before Levy.......................................     1545-AW90
2635       Notice and Opportunity for Hearing Upon Filing of Notice of Lien.....................     1545-AW91
2636       Dollar-Value LIFO Regulations........................................................     1545-AX20
2637       Check the Box Regulations--Amendment.................................................     1545-AY16
2638       Disqualified Persons.................................................................     1545-AY19
2639       Liabilities Assumed in Certain Corporate Transactions................................     1545-AY55
2640       Excise Taxes on Excess Benefit Transactions..........................................     1545-AY65
2641       Disclosure of Returns and Return Information by Other Agencies (Temporary)...........     1545-AY78
2642       Amendment to the Definition of Private Business Use Applicable to Tax-exempt Bonds        1545-AY88
            Issued by State and Local Governments...............................................
2643       Certain Property Transfer to Regulated Investment Companies (RICs) and Real Estate        1545-BA21
            Investment Trusts (REITs)...........................................................
2644       Withholding at Treaty Rate Exception for Taxpayer Identifying Number.................     1545-BA39
2645       Disallowance of Deductions and Credits for Failure to File Timely Return.............     1545-BA40
2646       Special Form 720 Filing Rule for Eligible Air Carriers...............................     1545-BA42
2647       Proposed Amendment to Section 6050I Cross-Referencing Section 5331 of Title 31.......     1545-BA48
2648       New Markets Tax Credit (Temp)........................................................     1545-BA49
2649       Loss Limitation Rules (Temp).........................................................     1545-BA51
----------------------------------------------------------------------------------------------------------------


[[Page 33576]]


                                                     Internal Revenue Service--Discontinued Entries
--------------------------------------------------------------------------------------------------------------------------------------------------------
  Regulation
Identification                                             Title                                             Date Withdrawn            Comments
    Number
--------------------------------------------------------------------------------------------------------------------------------------------------------
1545-AU95       Special Rules Applicable to Sales of Debt Instrument Between Record Dates and the End of        02/28/2002   Withdrawn
                 Accrual Periods
1545-AX51       Address Correction                                                                              02/28/2002   Withdrawn
1545-AX54       Tax on Insurance Companies Other Than Life Insurance Companies                                  03/04/2002   Withdrawn
1545-AX86       Procurement/Purchasing Card Reporting                                                           03/11/2002   Withdrawn
1545-AY03       Guidance Under Section 894                                                                      03/11/2002   Withdrawn
1545-AY40       Section 83-1032 Conforming Changes                                                              01/25/2002   Withdrawn
1545-AY99       Tort Type Rights Test                                                                           12/31/2001   Withdrawn
1545-BA03       Entertainment Expenses Treated as Compensation                                                  01/06/2002   Withdrawn
1545-BA19       Eligibility for Receiving LITC Grants                                                           11/06/2001   Withdrawn
1545-BA20       Guidance Regarding the Active Trade or Business Requirement of Section 355(b)                   12/07/2001   Withdrawn
1545-BA23       Catch-Up Contributions for Individuals Age 50 or Over (TEMP)                                    03/12/2002   Withdrawn
1545-BA28       Dealings Between Taxpayers and Their QBLIS                                                      10/11/2001   Withdrawn
--------------------------------------------------------------------------------------------------------------------------------------------------------


                                   Office of Thrift Supervision--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2650       12 CFR 567 Capital Rules.............................................................     1550-AB11
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2651       12 CFR 563b Mutual Savings Associations, Mutual Holding Company Reorganizations, and      1550-AB24
            Conversions.........................................................................
2652       12 CFR 571 Fair Credit Reporting.....................................................     1550-AB33
2653       12 CFR 550 Recordkeeping and Confirmation Requirements for Securities Transactions;       1550-AB49
            Fiduciary Powers of Savings Associations............................................
2654       12 CFR 560 Alternative Mortgage Transaction Parity Act; Preemption...................     1550-AB51
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2655       12 CFR 567 Capital: Qualifying Mortgage Loan, Interest Rate Risk Component, and           1550-AB45
            Miscellaneous Changes...............................................................
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2656       12 CFR 545 Directors and Officers....................................................     1550-AB19
2657       12 CFR 563e Community Reinvestment Act...............................................     1550-AB48
----------------------------------------------------------------------------------------------------------------


[[Page 33577]]


                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2658       12 CFR 560 Lending and Investment....................................................     1550-AB37
----------------------------------------------------------------------------------------------------------------


                                                   Office of Thrift Supervision--Discontinued Entries
--------------------------------------------------------------------------------------------------------------------------------------------------------
  Regulation
Identification                                             Title                                             Date Withdrawn            Comments
    Number
--------------------------------------------------------------------------------------------------------------------------------------------------------
1550-AB25       12 CFR 590 Due-On-Sale and Usury Preemption                                                     01/22/2002   Withdrawn
1550-AB52       12 CFR 584 Authority for Nongrandfathered Savings and Loan Holding Companies                    01/22/2002   Withdrawn
--------------------------------------------------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2219.  AMENDMENTS TO THE LARGE POSITION RULES

Priority: Substantive, Nonsignificant

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

CFR Citation: 17 CFR 420

Legal Deadline: None

Abstract: This proposal would amend the large position recordkeeping 
and reporting requirements pertaining to very large positions in 
certain Treasury securities. The modifications will improve the 
information available to Treasury and other regulators.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/02
NPRM Comment Period End         06/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lori Santamorena, Executive Director, 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
Fax: 202 219-3639
Email: [email protected]

Nadir Isfahani, Government Securities Advisor, 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
Fax: 202 219-3639
Email: [email protected]

Lee Grandy, Associate Director, 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
Fax: 202 219-3639
Email: [email protected]

RIN: 1505-AA88
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2220.  COUNTER MONEY LAUNDERING REQUIREMENTS--CORRESPONDENT 
ACCOUNTS; FOREIGN SHELL BANKS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318; 31 USC 5318A; PL 107-56, sec 311; PL 107-
56, sec 313; PL 107-56, sec 319; PL 107-56, sec 352

CFR Citation: 31 CFR 104

Legal Deadline: None

Abstract: This rule implements the new provisions of the Bank Secrecy 
Act, added by the USA PATRIOT Act of 2001 that: 1) prohibit certain 
financial institutions from providing correspondent accounts to foreign 
shell banks; 2) require such financial institutions to take reasonable 
steps to ensure that correspondent accounts provided to foreign banks 
are not being used to indirectly provide banking services to foreign 
shell banks; 3) require certain financial institutions that provide 
correspondent accounts to foreign banks to maintain records of the 
ownership of such foreign banks and their agents in the United States 
designated to receive service of legal process; and 4) require the 
termination of correspondent accounts of foreign banks that fail to 
turn over their account records in response to a lawful request from 
the Secretary of the Treasury or the Attorney General.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/28/01                    66 FR 67460
NPRM Comment Period End         02/11/02
Final Rule                      07/00/02

[[Page 33578]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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-AA87
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Departmental Offices (DO)



_______________________________________________________________________




2221. 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
_______________________________________________________________________




2222. FINANCIAL ACTIVITIES OF FINANCIAL SUBSIDIARIES

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

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


Next Action Undetermined

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-AA80
_______________________________________________________________________




2223. FINANCIAL SUBSIDIARIES

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable: Next Action Undetermined

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-AA81
_______________________________________________________________________




2224. SECRETARY'S DETERMINATION OF REAL ESTATE BROKERAGE

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1501.2

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


Next Action Undetermined

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-AA84
_______________________________________________________________________




2225. SECRETARY'S DETERMINATION OF OTHER ACTIVITIES FINANCIAL IN NATURE

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1501.2

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/02/01                      66 FR 257
Interim Final Rule Effective    01/02/01
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
Phone: 202 622-1976
Fax: 202 622-1974
Email: [email protected]

RIN: 1505-AA85
_______________________________________________________________________




2226. COMMON RULE SUSPENSION AND DEBARMENT

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 19; 31 CFR 20

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/23/02                     67 FR 3265
NPRM Comment Period End         03/25/02


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cathy Thomas
Phone: 202 622-0817
Fax: 202 622-2318

RIN: 1505-AA86
BILLING CODE 4810-25-S

[[Page 33579]]

_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2227. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF 
AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5321(e), Bank Secrecy Act

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This NPRM proposes to delegate to the appropriate Federal 
banking regulatory agencies, the authority to assess civil money 
penalties on depository institutions for violations of the Bank Secrecy 
Act. The regulation would prescribe the parameters of the delegated 
authority.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Judith R. Starr, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA08
_______________________________________________________________________




2228.  FINANCIAL CRIMES ENFORCEMENT NETWORK; SPECIAL INFORMATION 
SHARING PROCEDURES TO DETER MONEY LAUNDERING AND TERRORIST ACTIVITY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 
5331; PL 107-56

CFR Citation: 31 CFR 103.90; 31 CFR 103.110

Legal Deadline: Final, Statutory, February 25, 2002, PL 107-56, sec 
314.

Abstract: FinCEN, a bureau of the Treasury Department, is issuing 
regulations to implement the provision in the Uniting and Strengthening 
America by Providing Appropriate Tools Required to Intercept and 
Obstruct Terrorism (USA PATRIOT) Act of 2001 that encourages 
information sharing among financial institutions for purposes of 
identifying and reporting activity that may involve terrorist acts or 
money laundering activities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/04/02                     67 FR 9878
Interim Final Rule              03/04/02                     67 FR 9873
NPRM Comment Period End         04/03/02
Final Action                    06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Agency Contact: Judith R. Starr, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA27
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2229. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Judith R. Starr, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA15
_______________________________________________________________________




2230. 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                            12/31/01                    66 FR 67670
NPRM Comment Period End         03/01/02
Final Action                    06/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Judith R. Starr, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA21
_______________________________________________________________________




2231. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SUSPICIOUS 
ACTIVITY REPORTING--CASINOS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(g)

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This NPRM will propose to require suspicious activity 
reporting by casinos.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/18/98                    63 FR 27230
Final Action                    12/00/02

[[Page 33580]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Judith R. Starr, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA22
_______________________________________________________________________




2232. 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 Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Judith R. Starr, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA23
_______________________________________________________________________




2233.  AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT 
THAT NONFINANCIAL TRADES OR BUSINESSES REPORT CERTAIN CURRENCY TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 et 
seq.; PL 107-56

CFR Citation: 31 CFR 103.30

Legal Deadline: Final, Statutory, April 26, 2002, Interim rule 
published 12/31/2001.

Abstract: This document contains an interim rule amending the Bank 
Secrecy Act regulations to require certain persons to report currency 
received in the course of their trade or business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/01                    66 FR 67685
Interim Final Rule              12/31/01                    66 FR 67680
NPRM Comment Period End         03/01/02
Final Action                    06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Judith R. Starr, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA25
_______________________________________________________________________




2234.  AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT 
THAT FINANCIAL INSTITUTIONS ESTABLISH ANTI-MONEY LAUNDERING PROGRAMS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for various financial 
institutions, as defined in the Bank Secrecy Act (BSA).

Timetable:
________________________________________________________________________

Anti-Money Laundering Programs for Financial Institutions  Interim 
Final Rule 04/29/02 (67 FR 21110)

Anti-Money Laundering Programs for Money Services Businesses  Interim 
Final Rule 04/29/02 (67 FR 21114)

Anti-Money Laundering Programs for Mutual Funds  Interim Final Rule 04/
29/02 (67 FR 21117)

Anti-Money Laundering Programs for Operators of a Credit Card 
System  Interim Final Rule 04/29/02 (67 FR 21121)

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Judith R. Starr, Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA28
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2235. 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: Judith R. Starr
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA19

[[Page 33581]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2236. AMENDMENT TO THE BSA REGULATIONS--REQUIREMENT THAT MONEY 
TRANSMITTERS AND MONEY ORDER AND TRAVELERS CHECK ISSUERS, SELLERS, AND 
REDEEMERS REPORT SUSPICIOUS TRANSACTIONS-IMPLEMENTATION DATE

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103.20(f); 31 CFR 103.41

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       12/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patrice A. Motz
Phone: 800 949-2732

RIN: 1506-AA24
BILLING CODE 4820-02-S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2237. 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: Title 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. This 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                            12/00/02

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
_______________________________________________________________________




2238. 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 amends the regulation to provide the 
Secretary greater flexibility to adjust the rate of interest charged on 
funds loaned through the Treasury Tax and Loan (TT&L) program. The rule 
also allows for a new TT&L investment option for financial 
institutions. This 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 09/00/02  Final Action 06/00/03

Treasury Tax and Loan Rate of Interest  NPRM 07/30/99 (64 FR 
41747)  NPRM Comment Period End 09/28/99  Final Action 03/15/02 (67 FR 
11573)

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Walt Henderson, Senior Financial Program Specialist, 
Cash Management Policy and Planning Directorate, Department of the 
Treasury, Financial Management Service, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6705
Email: [email protected]

RIN: 1510-AA79
_______________________________________________________________________




2239. MANAGEMENT OF FEDERAL AGENCY RECEIPTS AND DISBURSEMENTS; OPERATION 
OF THE CASH MANAGEMENT IMPROVEMENT FUND

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

Unfunded Mandates: Undetermined

Legal Authority: 5 USC 301; 31 USC 321; 31 USC 3301; 31 USC 3302; 31 
USC 3321; 31 USC 3327; 31 USC 3332; 31 USC 3335; 31 USC 3720; 31 USC 
6503

CFR Citation: 31 CFR 206

Legal Deadline: None

Abstract: This regulation governs collection and deposit regulations 
requiring timely methods, principally Electronic Funds Transfer (EFT), 
for the collection and deposit of funds as authorized by section 2652 
of the Deficit Reduction Act of 1984. This regulation also incorporates 
revisions authorized by the Cash Management

[[Page 33582]]

Act of 1990 and the Cash Management Improvement Act Amendments of 1992. 
These revisions require executive agencies to use effective, efficient 
disbursement mechanisms, principally EFT, in the delivery of payments. 
An agency's failure to comply with this regulation may result in a 
charge equal to the cost of such non-compliance to the Treasury's 
General Fund.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash 
Management Policy and Planning Division, Department of the Treasury, 
Financial Management Service, Room 420, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6966
Email: [email protected]

RIN: 1510-AA86
_______________________________________________________________________




2240.  WITHHOLDING OF DISTRICT OF COLUMBIA, STATE, CITY AND COUNTY 
INCOME OR EMPLOYMENT TAXES BY FEDERAL AGENCIES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 5516; 5 USC 5517; 5 USC 5520; EO 1197, sec 4

CFR Citation: 31 CFR 215

Legal Deadline: None

Abstract: This regulation governs the agreements entered into by the 
Department of the Treasury and State and local governments for the 
withholding of State and local income taxes from the compensation of 
Federal employees.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, State, Local

Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash 
Management Policy and Planning Division, Department of the Treasury, 
Financial Management Service, Room 420, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6966
Email: [email protected]

RIN: 1510-AA90
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2241. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/12/00                    65 FR 60796
Comment Period End              01/10/01
Final Action                    05/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Federal

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

Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash 
Management Policy and Planning Division, Department of the Treasury, 
Financial Management Service, Room 420, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6966
Email: [email protected]

RIN: 1510-AA38
_______________________________________________________________________




2242. 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              06/00/02
NPRM III                        12/00/02

[[Page 33583]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
_______________________________________________________________________




2243. FOREIGN EXCHANGE OPERATIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 281

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash 
Management Policy and Planning Division, Department of the Treasury, 
Financial Management Service, Room 420, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6966
Email: [email protected]

Walt Henderson, Senior Financial Program Specialist, Cash Management 
Policy and Planning Directorate, Department of the Treasury, Financial 
Management Service, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-6705
Email: [email protected]

RIN: 1510-AA48
_______________________________________________________________________




2244. 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 will 
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 will 
reflect the removal of these monetary limitations and the resulting 
submission requirements. These changes in the regulation will make it 
consistent with current practices for claimants securing money 
judgments against the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
_______________________________________________________________________




2245. 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 the administrative offset of Federal 
payments by disbursing officials of the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/02

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: 202 874-6660

RIN: 1510-AA65
_______________________________________________________________________




2246. SALARY OFFSET

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 5514

CFR Citation: 31 CFR 285.7

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/28/98                    63 FR 23353
Final Action                    09/00/02

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: 202 874-6660

RIN: 1510-AA70

[[Page 33584]]

_______________________________________________________________________




2247. 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                    07/00/02

Regulatory Flexibility Analysis Required: 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
_______________________________________________________________________




2248.  2003 ACH RULES

Priority: Other Significant

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: This revision of 31 CFR part 210 will reconcile Government 
Automated Clearing House (ACH) regulations and private industry rules, 
as set forth by the National Automated Clearing House Association, by 
updating the incorporation of certain industry rules into Federal law 
for the year 2003.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Walt Henderson, Senior Financial Program Specialist, 
Cash Management Policy and Planning Directorate, Department of the 
Treasury, Financial Management Service, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6705
Email: [email protected]

RIN: 1510-AA89
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Financial Management Service (FMS)



_______________________________________________________________________




2249. 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: 202 874-6660

RIN: 1510-AA66
_______________________________________________________________________




2250. PUBLIC DISSEMINATION OF IDENTITY OF DELINQUENT DEBTORS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.14

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-6660

RIN: 1510-AA72
_______________________________________________________________________




2251. SURETY BOND REIMBURSEMENT FUND

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

CFR Citation: 31 CFR 223

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Wanda Rogers
Phone: 202 874-8380
Email: [email protected]

RIN: 1510-AA85
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Financial Management Service (FMS)



_______________________________________________________________________




2252. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARINGHOUSE

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 210

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action (2002 ACH Rules; 
Check Conversion and Internet 
Transactions)                   04/11/02                    67 FR 17896

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Walt Henderson
Phone: 202 874-6705
Email: [email protected]

RIN: 1510-AA81

[[Page 33585]]

_______________________________________________________________________




2253. DELIVERY OF CHECKS AND WARRANTS TO ADDRESSES OUTSIDE THE UNITED 
STATES

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 211

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/10/01                    66 FR 63623

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: William S. Mehr
Phone: 202 874-6932

RIN: 1510-AA88
BILLING CODE 4810-35-S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2254. 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:
________________________________________________________________________

California Coast, CA (contact Nancy Sutton)  NPRM 09/26/00 (65 FR 
57763)  Final Action To Be Determined

Expansion of Lodi Viticultural Area (contact Nancy Sutton)  NPRM 02/07/
00 (65 FR 5828)  Final Action 09/00/02

Oak Knoll District, CA (contact Joanne Brady)  NPRM 09/00/02

Rockpile AVA (Nancy Sutton)  NPRM 05/01/01 (66 FR 21707)  Final Rule 
02/28/02 (67 FR 9192)  Final Rule Effective 04/29/02

Yadkin Valley (contact Tim DeVanney)  NPRM 02/07/02 (67 FR 5756)  NPRM 
Comment Period End 04/08/02  Final Action To Be Determined

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
_______________________________________________________________________




2255. 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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Charles N. Bacon, Program Manager, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 617 557-1250

RIN: 1512-AB37
_______________________________________________________________________




2256. 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 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 Aggregate Packaging05/00/02
Revised NPRM Deceptive Packaging05/00/02

Regulatory Flexibility Analysis Required: 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-AB89
_______________________________________________________________________




2257. 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.''

[[Page 33586]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02

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
_______________________________________________________________________




2258. ALCOHOL BEVERAGE HEALTH WARNING STATEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205; 27 USC 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                           05/22/01                    66 FR 28135
ANPRM Comment Period End        08/20/01
NPRM                            12/00/02

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
_______________________________________________________________________




2259. PRODUCTION OF AGRICULTURAL WINES

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 has received two petitions relating to the production of 
agricultural wines. One petition proposes that the wine regulations be 
amended to allow for the production of dried fruit wines with an 
alcohol by volume content of more than 14 percent. The second petition 
proposes that the regulations be amended to allow for the production of 
honey wines with a starting Brix of less than 22 degrees.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/02

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-AC48
_______________________________________________________________________




2260. PETITION TO ESTABLISH THE SANTA BARBARA HIGHLANDS VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms (ATF) has 
received a petition proposing the establishment of Santa Barbara 
Highlands as an American viticultural area. The proposed Santa Barbara 
Highlands area is located in Santa Barbara and Ventura Counties in 
California. The petition was submitted by Mr. Nebil Zarif, President, 
Barnwood Vineyards.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tim DeVanney, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 202 927-8196

RIN: 1512-AC53
_______________________________________________________________________




2261. PETITION TO ESTABLISH THE TRINITY LAKE VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms has received a 
petition from Keith Groves of Alpen Cellars proposing the establishment 
of a viticultural area located in Trinity County, California. The 
proposed Trinity Lake viticultural area consists of approximately 
96,000 acres.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tim DeVanney, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 202 927-8196

RIN: 1512-AC62
_______________________________________________________________________




2262. CORRECTION OF TECHNICAL ERROR IN 27 CFR PART 4

Priority: Info./Admin./Other

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms is correcting a 
technical error in 27 CFR 4.22(b) regarding the ameliorating of non-
grape wines.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/02

[[Page 33587]]

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-AC63
_______________________________________________________________________




2263.   PROPOSAL TO RECOGNIZE SYNONYMS FOR PETITE SIRAH AND 
ZINFANDEL GRAPE VARIETIES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms is proposing to 
amend the list of prime grape names for American wines to recognize the 
name ``Durif'' as a synonym for the Petite Sirah grape and to recognize 
the name ``Primitivo'' as a synonym for the Zinfandel grape. This is in 
response to the result of recent DNA research into the identity of 
these grape varieties.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/02                    67 FR 17312
NPRM Comment Period End         06/10/02
Final Action                     To Be                       Determined

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-AC65
_______________________________________________________________________




2264.   PETITION TO ESTABLISH ``SENECA LAKE'' AS AN AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms is requesting 
comments from any interested parties concerning the proposed 
establishment of ``Seneca Lake'' as an American viticultural area. The 
proposed Seneca Lake viticultural area encompasses about 180,000 acres 
of land surrounding Seneca Lake in upstate New York. This area is 
located within the approved Finger Lakes viticultural area in the State 
of New York.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kristy Colon, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 202 927-8206

RIN: 1512-AC70
_______________________________________________________________________




2265.  PETITION TO ESTABLISH ``CAPAY VALLEY'' AS AN AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms is requesting 
comments concerning the proposed establishment of ``Capay Valley'' as 
an American viticultural area. The proposed Capay Valley is located in 
northwestern Yolo County, California. This area is approximately 20 
miles long and 5 miles wide. Approximately 25 acres are currently 
planted in wine grapes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kristy Colon, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 202 927-8206

RIN: 1512-AC71
_______________________________________________________________________




2266.   PETITION FOR THE ESTABLISHMENT OF ``RED HILL'' AS AN 
AMERICAN VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms has received a 
petition proposing the establishment of ``Red Hill'' as an American 
viticultural area located within the State of Oregon. The proposed 
viticultural area consists of approximately 1,668 acres or 8.6 square 
miles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tim DeVanney, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 202 927-8196

RIN: 1512-AC76



_______________________________________________________________________



EXPLOSIVES


                    ________________________________



2267. COMMERCE IN EXPLOSIVES (INCLUDING EXPLOSIVES IN THE FIREWORKS 
INDUSTRY)

Priority: Other Significant

Legal Authority: 5 USC 552(a); 31 USC 9303; 31 USC 9304; 40 USC 304(k); 
18 USC 847; 18 USC 921 to 930; 18 USC 1261; 19 USC 1612; 19 USC 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.

[[Page 33588]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

General Notice of Regulatory 
Review                          01/10/97                     62 FR 1386
NPRM                            11/00/02

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-AB48
_______________________________________________________________________




2268. 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 on 
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                            11/00/02

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



_______________________________________________________________________



FIREARMS


                    ________________________________



2269. 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                            11/00/02

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
_______________________________________________________________________




2270.   IMPLEMENTATION OF P.L. 105-277 RELATING TO SECURE GUN 
STORAGE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 552(a); 18 USC 847; 18 USC 421 to 430; 44 USC 
3504(h)

CFR Citation: 27 CFR 178

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms will issue a 
notice of proposed rulemaking amending the regulations to implement the 
provisions of Public Law 105-277, Making Omnibus Consolidated and 
Emergency Supplemental Appropriations for Fiscal Year 1999. Regulations 
are proposed with regard to: 1) certification by applicants for 
dealers' licenses that secure gun storage or safety devices will be 
available at any place where firearms are sold to nonlicensed 
individuals; and 2) an amended definition of ``antique firearm,'' to 
include certain muzzle loading firearms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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

Related RIN: Related To 1512-AB93
RIN: 1512-AC67



_______________________________________________________________________



PROCEDURAL


                    ________________________________



2271. PLAIN LANGUAGE IN PART 7

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 7

Legal Deadline: None

Abstract: This project revises regulations to plain language. The 
revision will make no substantive changes to the current 27 CFR part 7.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02

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

[[Page 33589]]

Phone: 202 927-8210

RIN: 1512-AC10



_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2272. REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE (2001R-90T)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 44

Legal Deadline: None

Abstract: The temporary rule prescribes ATF regulations relating to a 
U.S. Customs Service (USCS) final rule (T.D. 92-181, 57 FR 37692). The 
USCS published this final rule to create a separate class of customs 
bonded warehouses, class 9 (duty-free store). A class 9 customs bonded 
warehouse (duty-free store) may receive tobacco products or cigarette 
papers or tubes without payment of Federal excise tax. The temporary 
rule prescribes the regulations that allow a manufacturer of tobacco 
products or cigarette papers and tubes and an export warehouse 
proprietor to send such articles to a class 9 customs bonded warehouse. 
In addition, the temporary rule prescribes regulations that allow a 
proprietor of a customs bonded manufacturing warehouse where cigars are 
manufactured to send such cigars to a class 9 customs bonded warehouse. 
This notice of proposed rulemaking invites comments on the temporary 
rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02
Interim Final Rule              06/00/02

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-AC56
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2273. 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                    11/00/02

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
_______________________________________________________________________




2274. 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 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 reinventing Government 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                    09/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joanne Brady, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 215 597-5288

RIN: 1512-AB58
_______________________________________________________________________




2275. 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                    06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 33590]]

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
_______________________________________________________________________




2276. 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              06/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. 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-AB74
_______________________________________________________________________




2277. 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                    11/00/02

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
_______________________________________________________________________




2278. 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
Final Action                    06/00/02

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
_______________________________________________________________________




2279. 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                            07/19/01                    66 FR 37609
Final Action                    05/00/02
Final Action Effective          06/00/02

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
_______________________________________________________________________




2280. DELEGATION OF AUTHORITY IN 27 CFR PART 252

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 252

Legal Deadline: None

[[Page 33591]]

Abstract: This final rule places most ATF authorities with the 
``appropriate ATF officer'' and requires that persons file documents 
with the ``appropriate ATF officer'' or in accordance with the 
instructions on the ATF form.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/02

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-AC44
_______________________________________________________________________




2281. LIQUOR DEALERS; RECODIFICATION OF REGULATIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 31; 27 CFR 194; ...

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms (ATF) is 
recodifying the regulations pertaining to liquor dealers. The purpose 
of this recodification is to reissue the regulations in part 194 of 
title 27 of the Code of Federal Regulations (CFR) as 27 CFR part 31. 
This change improves the organization of title 27 CFR.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karl Joedicke, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 202 927-7460

RIN: 1512-AC45
_______________________________________________________________________




2282. DELEGATION OF AUTHORITY IN 27 CFR PART 31

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 31

Legal Deadline: None

Abstract: This final rule places all ATF authorities contained in part 
31, title 27 of the Code of Federal Regulations (CFR), with the 
``appropriate ATF officer'' and requires that persons file documents 
required by 27 CFR part 31 with the ``appropriate ATF officer'' or in 
accordance with the instructions on the form. Also, this final rule 
removes the definitions of, and references to, specific officers 
subordinate to the Director.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karl Joedicke, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 202 927-7460

RIN: 1512-AC49
_______________________________________________________________________




2283. DELEGATION OF AUTHORITY IN 27 CFR PART 251

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 251

Legal Deadline: None

Abstract: This final rule places most ATF authorities with the 
``appropriate ATF officer'' and requires that persons file documents 
with the ``appropriate ATF officer'' or in accordance with the 
instructions on the ATF form.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/02

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-AC58



_______________________________________________________________________



FIREARMS


                    ________________________________



2284. 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 
licensees to certify (in accordance with the Brady Law) that they have 
not been convicted of such a crime. The amendments also provide for 
sales between Federal firearms licensees of curio and relic firearms 
away from their licensed premises.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/30/98                    63 FR 35551
Interim Final Rule              06/30/98                    63 FR 35520
NPRM Comment Period End         09/28/98
Final Action                    11/00/02

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
_______________________________________________________________________




2285. 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)

[[Page 33592]]

CFR Citation: 27 CFR 178

Legal Deadline: None

Abstract: The temporary rule amends the regulations to provide for a 
firearms purchaser's affirmative statement of his or her State of 
residence on ATF Form 4473 (Firearms Transaction Record) and ATF Form 
5300.35 (Statement of Intent to Obtain a Handgun) in acquiring a 
firearm from a Federal firearms licensee. The temporary rule also 
amends the regulations to require that aliens purchasing firearms 
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 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                    12/00/02

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
_______________________________________________________________________




2286. 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 notice of proposed rulemaking 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                            11/15/01                    66 FR 57404
NPRM Comment Period End         02/13/02
Final Rule                      12/00/02

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
_______________________________________________________________________




2287. 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)

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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/05/02                     67 FR 5428
Interim Final Rule              02/05/02                     67 FR 5422
Comment Period End              05/06/02

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
_______________________________________________________________________




2288. 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                    12/00/02

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

[[Page 33593]]




_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2289. 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. It 
also eliminates related ATF forms. 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 it 
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                    10/00/02

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
_______________________________________________________________________




2290. 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 40

Legal Deadline: None

Abstract: This rule eliminates the requirement that manufacturers of 
tobacco products apply to ATF to remove tobacco products from their 
factories in bond for experimental purposes. It is replaced with the 
requirement to keep records.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/17/01                    66 FR 52730
NPRM Comment Period End         12/17/01
Final Rule                      10/00/02

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
_______________________________________________________________________




2291. DELEGATION OF AUTHORITY IN 27 CFR PART 44

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 44

Legal Deadline: None

Abstract: This final rule places most ATF authorities with the 
appropriate ATF officer and requires that persons file documents with 
the appropriate ATF officer or in accordance with the instructions on 
the ATF form.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/00/02

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-AC36
_______________________________________________________________________




2292. IMPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES; 
RECODIFICATION OF REGULATIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 41; 27 CFR 275

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms is recodifying 
the regulations in part 275, Importation of Tobacco Products and 
Cigarette Papers and Tubes. The purpose of this recodification is to 
reissue the regulations in part 275 of title 27 of the Code of Federal 
Regulations (CFR) as 27 CFR part 41. This change improves the 
organization of title 27 CFR.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 415 947-5192

RIN: 1512-AC46

[[Page 33594]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2293. EXPORTATION OF LIQUORS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 252

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joanne Brady
Phone: 215 597-5288

RIN: 1512-AA98
_______________________________________________________________________




2294. ALCOHOLIC CONTENT LABELING FOR MALT BEVERAGES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 7

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/19/93                    58 FR 21233
Interim Final Rule              04/19/93                    58 FR 21228
NPRM Comment Period End         07/19/93
NPRM Comment Period Extended    07/19/93                    58 FR 38543
NPRM Comment Period Extended End09/17/93
Second NPRM                      To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bernard J. Kipp
Phone: 503 356-1341

RIN: 1512-AB17
_______________________________________________________________________




2295. 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: Bernard J. Kipp
Phone: 503 356-1341

RIN: 1512-AC09
_______________________________________________________________________




2296. 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: Charles N. Bacon
Phone: 617 557-1250

RIN: 1512-AC11
_______________________________________________________________________




2297. 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
_______________________________________________________________________




2298. PROPOSED ADDITION OF ``TANNAT'' AS A GRAPE VARIETY NAME FOR 
AMERICAN WINES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 4

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/23/02                     67 FR 3135
NPRM Comment Period End         03/25/02
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jennifer Berry
Phone: 716 551-4048

RIN: 1512-AC50
_______________________________________________________________________




2299. PETITION TO AMEND THE STANDARDS OF IDENTITY FOR WHISKY AND BRANDY

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 5.22

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AC51
_______________________________________________________________________




2300. PROPOSED REVISIONS OF 27 CFR PART 19

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 19

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AC52
_______________________________________________________________________




2301. PROPOSED SAN BERNABE VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 415 947-5192

RIN: 1512-AC60
_______________________________________________________________________




2302.   PETITION TO ESTABLISH RED HILLS AMERICAN VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: This proposed viticultural area of northern California lies 
within the Clear Lake viticultural area in Lake

[[Page 33595]]

County, which is entirely within the multi-county North Coast 
viticultural area. The area consists of approximately 31,250 acres of 
hilly terrain covered with rocky, volcanic soil.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 415 947-5192

RIN: 1512-AC66
_______________________________________________________________________




2303.  PETITION TO ESTABLISH ``BENNETT VALLEY'' AS AN AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 8,100-acre viticultural area is located entirely 
within the North Coast viticultural area of northern California, Sonoma 
County, and predominantly within the Sonoma Valley viticultural area. 
There are small overlaps into the Sonoma Coast and Sonoma Mountain 
viticultural areas. The petitioned area is approximately 40 miles 
northeast of San Francisco and is bordered by mountains, foothills, and 
the City of Santa Rosa. Currently, there are 650 acres of vineyards.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 415 947-5192

RIN: 1512-AC72
_______________________________________________________________________




2304.  TAXPAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS 
UNFIT FOR BEVERAGE USE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5010; 26 USC 5131 to 5134; 26 USC 5143; 26 USC 
5206; 26 USC 5273; ...

CFR Citation: 27 CFR 17

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms (ATF) proposes to 
amend the regulations on taxpaid distilled spirits used to manufacture 
nonbeverage products to allow manufactures to use natural and 
artificial 1 percent solutions without having to file ATF Form 5154.1, 
Formula and Process for Nonbeverage Product. This proposal is part of 
an ongoing effort to streamline the ATF National Laboratory Center's 
flavor formula approval process.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda Wade-Chapman, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 202 927-8181

RIN: 1512-AC73
_______________________________________________________________________




2305.  PETITION TO CHANGE THE TEMECULA VITICULTURAL AREA'S NAME TO 
TEMECULA VALLEY

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed name change from Temecula to Temecula Valley is 
intended to provide a more accurate portrayal of the viticultural area, 
geographically and politically, and to provide clarity to wine 
consumers. The boundaries will not change.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, ATF Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms
Phone: 415 947-5192

RIN: 1512-AC77



_______________________________________________________________________



PROCEDURAL


                    ________________________________



2306. DELEGATION OF AUTHORITY IN 27 CFR PART 19

Priority: Info./Admin./Other

CFR Citation: 27 CFR 19

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AC06
_______________________________________________________________________




2307.  COMMERCE IN FIREARMS AND AMMUNITION; RECODIFICATION OF 
REGULATIONS (2002R-013P)

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 47; 27 CFR 50; 27 CFR 178; 27 CFR 179; 27 CFR 70

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms is recodifying 
the regulations pertaining to commerce in firearms and ammunition. The 
purpose of this recodification is to reissue the regulations in part 
178 of title 27, Code of Federal Regulation (27 CFR part 178) as 27 CFR 
part 50. This change will improve the organization of 27 CFR.

Timetable: Next Action Undetermined

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

[[Page 33596]]

Phone: 202 927-8210

RIN: 1512-AC68
_______________________________________________________________________




2308.  MACHINE GUNS, DESTRUCTIVE DEVICES, AND CERTAIN OTHER FIREARMS; 
RECODIFICATION OF REGULATIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 47; 27 CFR 51; 27 CFR 55; 27 CFR 70; 27 CFR 179; 
...

Legal Deadline: None

Abstract: The Bureau of Alcohol, Tobacco and Firearms is recodifying 
the regulations pertaining to machine guns, destructive devices, and 
certain other firearms. The purpose of this recodification is to 
reissue the regulations in part 179 of title 27, Code of Federal 
Regulations (27 CFR part 179) as 27 CFR part 51. This change will 
improve the organization of title 27 CFR.

Timetable: Next Action Undetermined

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-AC69
_______________________________________________________________________




2309.  DELEGATION OF AUTHORITY FOR PART 70

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 70

Legal Deadline: None

Abstract: This final rule references an additional ATF order, ATF Order 
1130.32, for delegating certain ATF authorities contained in its 
Procedure and Administration regulations. ATF Order 1130.32 delegates 
the authority to accept or reject offers in compromise other than 
forfeiture to the appropriate ATF officer. A previous final rule (T.D. 
ATF-450, 66 FR 29021) referenced only ATF Order 1130.19. ATF Order 
1130.19 delegates all other authorities in its Procedure and 
Administration regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                       To Be                       Determined

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-AC74



_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2310. IMPLEMENTATION OF PUBLIC LAW 105-33, SECTION 9302, REQUIRING THE 
QUALIFICATION OF TOBACCO PRODUCT IMPORTERS AND MISCELLANEOUS TECHNICAL 
AMENDMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 275

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/99                    64 FR 71955
Interim Final Rule              12/22/99                    64 FR 71947
Interim Final Rule Effective    01/01/00
Interim Final Rule Comment 
Period End                      05/03/00                    65 FR 17477
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AC07
_______________________________________________________________________




2311. PROHIBITED MARKS ON PACKAGES OF TOBACCO PRODUCTS AND CIGARETTE 
PAPERS AND TUBES IMPORTED OR BROUGHT INTO THE UNITED STATES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 275

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AC14
_______________________________________________________________________




2312. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 270; 27 CFR 275

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AC22
_______________________________________________________________________




2313. ELIMINATION OF STATISTICAL CLASSES FOR LARGE CIGARS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 40; 27 CFR 275

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AC33
_______________________________________________________________________




2314. DELEGATION OF AUTHORITY IN 27 CFR PART 40

Priority: Info./Admin./Other

CFR Citation: 27 CFR 40

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AC54

[[Page 33597]]

_______________________________________________________________________




2315. SHIPMENTS OF TOBACCO PRODUCTS OR CIGARETTE PAPERS OR TUBES WITHOUT 
PAYMENT OF TAX.

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 40; 27 CFR 275

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AC57
_______________________________________________________________________




2316. VOLUNTARY WAIVER OF FILING CLAIM FOR CREDIT, REFUND, ALLOWANCE OR 
CREDIT OF TAX FOR TOBACCO PRODUCTS MANUFACTURED IN CANADA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 44

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AC64
_______________________________________________________________________




2317.  REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES 
WITHOUT PAYMENT OF TAX FOR USE OF THE UNITED STATES

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 45

Legal Deadline: None

Abstract: This proposed rule revises, in plain language, the existing 
regulations relating to the removal of tobacco products and cigarette 
papers and tubes, without payment of tax, for use of the United States. 
ATF is proposing this rule to clearly communicate the requirements of 
these regulations. In addition, we are liberalizing the requirements 
for emergency variations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                       To Be                       Determined

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-AC75
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Bureau of Alcohol, Tobacco and Firearms (BATF)



_______________________________________________________________________




2318. DISTRIBUTION OF DENATURED ALCOHOL AND RUM

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 20

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/12/02                    67 FR 17937

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AB57
_______________________________________________________________________




2319. DELEGATION OF AUTHORITY IN 27 CFR PARTS 45 AND 46

Priority: Info./Admin./Other

CFR Citation: 27 CFR 45; 27 CFR 46

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/27/02                     67 FR 8878

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1512-AC59
BILLING CODE 4810-31-S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2320. 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                  06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mitchell Plave, Counsel, Department of the Treasury, 
Comptroller of the Currency, Legislative

[[Page 33598]]

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
_______________________________________________________________________




2321. 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
NPRM Update                     03/27/01                    66 FR 16624
Second NPRM                     06/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1557-AB78
_______________________________________________________________________




2322. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES AND BANK 
ACTIVITIES AND OPERATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 24 (Seventh); 12 USC 92a; 12 
USC 93a; 12 USC 161; 12 USC 602; 12 USC 1818; 12 USC 1828(n); 12 USC 
1828 note; 12 USC 1831n note; 12 USC 1831o; 12 USC 1835; 12 USC 3102; 
12 USC 3108; 12 USC 3901 et seq; 12 USC 3907; 12 USC 3909; Section 5136 
of the Revised Statutes (12 USC 24a); 15 USC 78q; 15 USC 78q-1; 15 USC 
78w

CFR Citation: 12 CFR 3; 12 CFR 5; 12 CFR 6; 12 CFR 7; 12 CFR 9; 12 CFR 
28

Legal Deadline: None

Abstract: The OCC plans to amend part 5 to implement the authority for 
national banks to merge with one or more of their nonbank affiliates 
contained in section 1206 of the American Homeownership and Economic 
Opportunity Act of 2000 (AHEOA). The proposal will also amend part 5 to 
implement the authority in section 1204 of AHEOA by adding a new 
section setting forth the application and prior approval requirements 
for national banks contemplating reorganization as a subsidiary of a 
bank holding company. In addition, the OCC also plans to implement 
section 1205 of AHEOA by amending part 7 to permit national banks to 
adopt by-laws providing for staggered boards of directors and to permit 
national banks to apply to expand the size of their boards of directors 
over 25 members. The OCC also plans to make other amendments to parts 
5, 7, and 9, as well as certain technical amendments to parts 3, 6, 7, 
and 28.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

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

Lee Walzer, Counsel, Department of the Treasury, Comptroller of the 
Currency, Legislative and Regulatory Analysis Division, 250 E Street 
SW, Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB97
_______________________________________________________________________




2323. MAINTENANCE OF RECORDS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 504; 5 USC 554 to 557; 12 USC 93a; 12 USC 93(b); 
12 USC 164; 12 USC 481; 12 USC 505; 12 USC 1817; 12 USC 1818; 12 USC 
1820; 12 USC 1831o; 12 USC 1867; 12 USC 1972; 12 USC 3102; 12 USC 
3108(a); 12 USC 3909; 12 USC 4717; 15 USC 78(h); 15 USC 78(i); 15 USC 
78o-4(c); 15 USC 78o-5; 15 USC 78q-1; 15 USC 78u; 15 USC 78-u2; 15 USC 
78-u3; 15 USC 78w; 28 USC 2461 note; 31 USC 330; 31 USC 5321; 42 USC 
4012a

CFR Citation: 12 CFR 19

Legal Deadline: None

Abstract: The notice of proposed rulemaking would invite comment on a 
rule that would add a new subpart P to 12 CFR part 19, which would 
require national banks, national bank affiliates, Federal branches and 
agencies of foreign banks, and bank service companies that perform 
services for, or contract with, national banks to establish and 
maintain accurate and complete documentation and records, and allow the 
OCC timely access to such records.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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-AB99
_______________________________________________________________________




2324. PAYDAY LENDING

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 24(Seventh); 12 USC 93a; 12 USC 1818; 12 USC 
1861 to 1867

CFR Citation: 12 CFR 5; 12 CFR 32

Legal Deadline: None

Abstract: The OCC is considering amending 12 CFR part 5 and 12 CFR part 
32 to address payday lending activities engaged in by national banks 
through arrangements with third-party

[[Page 33599]]

lending companies. The purpose of this rulemaking would be to adopt 
provisions intended to ensure that payday lending is conducted in a 
manner that is consistent with safe and sound banking practices.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

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-AC01
_______________________________________________________________________




2325.  FINANCIAL SUBSIDIARIES AND NONCONTROLLING INVESTMENTS OF FEDERAL 
BRANCHES AND AGENCIES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 24a; 12 USC 24 (Seventh); 12 
USC 93a, 12 USC 3101 et seq

CFR Citation: 12 CFR 5

Legal Deadline: None

Abstract: The OCC proposes to clarify that a Federal branch or agency 
may establish, acquire, or maintain a qualified subsidiary company in 
generally the same manner that a national bank may establish and 
operate a financial subsidiary if certain conditions are satisfied.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Martha Vestal Clarke, 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

RIN: 1557-AC02
_______________________________________________________________________




2326.  INTERNATIONAL BANKING ACTIVITIES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 24 (Seventh); 12 USC 93a; 12 
USC 161; 12 USC 602; 12 USC 1818; 12 USC 3101 et seq; 12 USC 3901 et 
seq

CFR Citation: 12 CFR 28

Legal Deadline: None

Abstract: The OCC plans to issue a notice of proposed rulemaking to 
clarify or revise a number of application or notice procedures, 
including the standards for approval that would apply. In addition, the 
OCC plans to implement a number of OCC interpretations regarding the 
capital equivalency deposit required of Federal branch and agencies. 
Finally, the OCC plans to revise several definitions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martha Vestal Clarke, 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

RIN: 1557-AC04
_______________________________________________________________________




2327.  IDENTITY VERIFICATION PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 31 USC 5318(l)

CFR Citation: 31 CFR 103

Legal Deadline: Final, Statutory, October 26, 2002, Must take effect 
one year before date of enactment of USA Patriot Act.

Abstract: The Secretary of the Treasury, the OCC, the Board of 
Governors of the Federal Reserve System, the FDIC, the Office of Thrift 
Supervision, and the National Credit Union Administration (the 
Agencies) plan to issue a regulation implementing section 326 of the 
Uniting and Strengthening America by Providing Appropriate Tools 
Required to Intercept and Obstruct Terrorism Act of 2001. Section 326 
requires a regulation that contains minimum standards that financial 
institutions must implement: 1) to verify the identity of any person 
seeking to open an account; 2) to maintain records of the information 
used to verify the person's identity; and 3) to determine whether the 
person appears on any lists of known or suspected terrorists or 
terrorist organizations provided to the financial institution by any 
Government agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/02

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-AC06
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2328. 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

[[Page 33600]]

requirements, the OCC is amending various provisions of the capital 
rules for national banks. Specifically, these changes include: 1) 
claims on securities firms; 2) domestic capital framework (formerly 
referred to as bifurcated capital for complex and noncomplex banks); 3) 
securities borrowing transactions; and 4) managed assets. The OCC is 
conducting all of these rulemakings jointly with the other Federal 
banking agencies.

Timetable:
________________________________________________________________________

Claims on Securities Firms  NPRM 12/06/00 (65 FR 76180)  NPRM Comment 
Period End 01/22/01  Final Rule 04/09/02 (67 FR 16971)  Final Rule 
Effective 07/01/02

Domestic Capital Framework (formerly Bifurcated Capital for Complex and 
Noncomplex Banks)  ANPRM 11/03/00 (65 FR 66193)  ANPRM Comment Period 
End 02/01/01  NPRM 12/00/02

Managed Assets  ANPRM 09/00/02

Securities Borrowing Transactions  Interim Final Rule 12/05/00 (65 FR 
75856)  Interim Final Rule Comment Period End 01/19/01  Final Rule 12/
00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ron 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]

Laura Goldman, Senior 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-AB14
_______________________________________________________________________




2329. DEBT CANCELLATION CONTRACTS AND DEBT SUSPENSION AGREEMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 37

Legal Deadline: None

Abstract: The OCC issued a notice of proposed rulemaking governing the 
offering of debt cancellation contracts and debt suspension agreements. 
The purposes of the customer protections are to facilitate customers' 
informed choice about whether to purchase debt cancellation contracts 
and debt suspension agreements, based on an understanding of the costs, 
benefits, and limitations of the products, and to discourage 
inappropriate or abusive practices.

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                      06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

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
_______________________________________________________________________




2330. BANK ACTIVITIES AND OPERATIONS (ELECTRONIC BANKING)

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 7.1002; 12 CFR 7.1019; 12 CFR 7.5000 to 7.5010

Legal Deadline: None

Abstract: The OCC issued a notice of proposed rulemaking that addressed 
ways to facilitate national banks' efforts to engage in various forms 
of electronic banking consistent with safety and soundness. The 
proposal addresses national banks' exercise of their Federally 
authorized powers through electronic means; the applicability of state 
law to the exercise of those powers; the location of a national bank 
that engages in electronic activities; and the disclosures required 
when a national bank provides its customers with access to other 
service providers through hyperlinks in the bank's web site or other 
shared electronic space.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/02/00                     65 FR 4895
ANPRM Comment Period End        04/03/00
NPRM                            07/02/01                    66 FR 34855
NPRM Comment Period End         08/31/01
Final Rule                      06/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas, Special 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
_______________________________________________________________________




2331. 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 (Privacy Act). 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                            10/26/01                    66 FR 54175
NPRM Comment Period End         11/26/01
Final Rule                      06/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 33601]]

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
_______________________________________________________________________




2332. PROHIBITION AGAINST USE OF INTERSTATE BRANCHES PRIMARILY FOR 
DEPOSIT PRODUCTION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 21; 12 USC 22; 12 USC 26; 12 USC 27; 12 USC 30; 
12 USC 36; 12 USC 93a; 12 USC 161; 12 USC 215; 12 USC 215a; 12 USC 481; 
12 USC 1814; 12 USC 1816; 12 USC 1828(c); 12 USC 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 invited 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
Final Rule                      05/00/02

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
_______________________________________________________________________




2333.  INTERNATIONAL BANKING ACTIVITIES: CAPITAL EQUIVALENCY DEPOSIT

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 24 (Seventh); 12 USC 93a; 12 
USC 161; 12 USC 602; 12 USC 1818; 12 USC 3101 et seq; 12 USC 3901 et 
seq

CFR Citation: 12 CFR 28.15

Legal Deadline: None

Abstract: The OCC plans to issue an interim rule with request for 
comment that would be effective immediately upon publication. 
Specifically, the OCC would revise some of the requirements and 
prohibitions relating to the capital equivalency deposit that a foreign 
bank must establish and maintain for its Federal branch or agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/30/02                     67 FR 4325
Interim Final Rule Effective    01/30/02
Interim Final Rule Comment 
Period End                      04/01/02
Final Action                    05/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martha Vestal Clarke, 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

RIN: 1557-AC05
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2334. 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

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
_______________________________________________________________________




2335. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

[[Page 33602]]

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
_______________________________________________________________________




2336. 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                             To Be                       Determined

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
_______________________________________________________________________




2337. COMMUNITY REINVESTMENT ACT REGULATION

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 25

Legal Deadline: None

Abstract: The OCC, in conjunction with the Board of Governors of the 
Federal Reserve System, the Federal Deposit Insurance Corporation, and 
the Office of Thrift Supervision (the agencies), has issued an advance 
notice of proposed rulemaking to solicit comment on the agencies' 
existing Community Reinvestment Act (CRA) regulations. The agencies are 
conducting a review of their CRA regulations to determine their 
effectiveness in achieving their goals.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/19/01                    66 FR 37602
ANPRM Comment Period End        10/17/01
NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Margaret Hesse, Special Counsel, Department of the 
Treasury, Comptroller of the Currency, Community and Consumer Law 
Division, 250 E Street SW, Washington, DC 20219
Phone: 202 874-5750
Fax: 202 874-5322
Email: [email protected]

Patrick Tierney, Attorney, Department of the Treasury, Comptroller of 
the Currency
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB98
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2338. 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
Withdrawn                       03/16/02

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
_______________________________________________________________________




2339. 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

________________________________________________________________________

Withdrawn                       03/15/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patrick Tierney, Attorney, Department of the Treasury, 
Comptroller of the Currency, Legislative

[[Page 33603]]

and Regulatory Activities Division, 250 E Street SW, Washington, DC 
20219
Phone: 202 874-5090
Email: [email protected]

RIN: 1557-AB71
_______________________________________________________________________




2340. 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 issued an advance notice of proposed rulemaking 
(ANPRM) that would amend 12 CFR part 9. The ANPRM solicited 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/05/00                    65 FR 75872
ANPRM Comment Period End        02/05/01
Withdrawn                       03/18/02

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
_______________________________________________________________________




2341. ASSESSMENT OF FEES

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 78c; 15 USC 781; 26 DC Code

CFR Citation: 12 CFR 8

Legal Deadline: None

Abstract: The OCC issued a notice of proposed rulemaking that would 
amend 12 CFR part 8 to permit the charging of a minimum assessment on 
all national banks, regardless of asset size.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/01                    66 FR 48983
NPRM Comment Period End         10/25/01
Final Rule                      11/16/01                    66 FR 57645
Final Rule Effective            12/31/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michele Meyer, Counsel, 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-AC00
BILLING CODE 4810-33-S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2342. TEXTILES AND TEXTILE PRODUCTS SUBJECT TO TEXTILE TRADE AGREEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 7 USC 
1854

CFR Citation: 19 CFR 12

Legal Deadline: None

Abstract: Amendment to the country of origin standards and documentary 
requirements applicable to textiles and textile products subject to 
section 204 of the Agricultural Act of 1956. Amendment involves 
simplification of regulatory text, has no substantive effect on the 
U.S. textile import program as administered by Customs, and is intended 
to ensure that the wording of the Customs Regulations is consistent 
with the product coverage of section 204.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dick Crichton, Operations Officer, Office of Field 
Operations, Department of the Treasury, United States Customs Service, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0162

RIN: 1515-AB54
_______________________________________________________________________




2343. 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 
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                            12/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

[[Page 33604]]

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
_______________________________________________________________________




2344. 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                            12/00/02

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
_______________________________________________________________________




2345. 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                            12/00/02

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
_______________________________________________________________________




2346. 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                            10/00/02

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
_______________________________________________________________________




2347. 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                            10/00/02

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
_______________________________________________________________________




2348. REQUIREMENTS FOR FUTURE CUSTOMS TRANSACTIONS WHEN PAYMENT TO 
CUSTOMS ON PRIOR TRANSACTIONS IS DELINQUENT AND/OR DISHONORED

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624; 5 
USC 301; 19 USC 1505

CFR Citation: 19 CFR 142; 19 CFR 24

Legal Deadline: None

Abstract: Amendment concerning how Customs will handle the future 
transactions of importers or other parties financially obligated to 
Customs who are delinquent in a payment to Customs or have had payments 
to the agency returned as dishonored by their financial institution. 
Amendment provides, among other things, that where an importer or other 
party financially obligated to Customs (``debtor'') has not paid monies 
owed to Customs by the due date in a Customs bill or collection notice,

[[Page 33605]]

including a bill or collection notice requesting payment of an amount 
owed to Customs that has been returned as dishonored by the debtor's 
financial institution, Customs may require the debtor to file entry 
summary documentation at the time of entry with estimated duties, taxes 
and fees attached (to make ``live entry''). This requirement will be 
imposed on all the debtor's future importations at all ports of entry 
until Customs receives full payment of the debtor's overdue amount, 
including accrued interest, or until the debt has been resolved other 
than by Customs termination of the collection action. Amendment also 
concerns when Customs will require all future payments be made by 
certified check, money order, cash, or if authorized, by Automated 
Clearinghouse credit payment. Amendments are necessary to support 
Customs collection efforts and to ensure a uniform and consistent 
approach in the manner by which Customs responds to delinquent and 
dishonored payments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02

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
_______________________________________________________________________




2349. 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                            08/00/02

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
_______________________________________________________________________




2350. 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 seven-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                            06/00/02

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
_______________________________________________________________________




2351. REIMBURSABLE CUSTOMS INSPECTIONAL SERVICES: INCREASE IN HOURLY 
RATE CHARGE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 6103; 19 USC 58a to 58c; 19 USC 66; 
19 USC 261; 19 USC 267; 19 USC 1202; 19 USC 1450 to 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 to 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
Second NPRM                     07/00/02

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
_______________________________________________________________________




2352. USER FEES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58a to 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.

[[Page 33606]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/18/02                    67 FR 11954
NPRM Comment Period End         05/17/02
Final Action                    10/00/02

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
_______________________________________________________________________




2353. PROTOTYPES USED SOLELY FOR PRODUCT DEVELOPMENT, TESTING, 
EVALUATION OR QUALITY CONTROL PURPOSES

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; PL 106-
476

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: Final, Statutory, September 9, 2001, Public Law 106-
476.

Abstract: Amendment to establish rules and procedures under the Product 
Development and Testing Act of 2000 (PDTA). The purpose of the PDTA is 
to promote product development and testing in the United States by 
allowing the duty-free entry of articles, commonly referred to as 
prototypes, that are to be used exclusively in product development, 
testing, evaluation and quality control. Amendments set forth the 
procedures for both the identification of those prototypes properly 
entitled to duty-free entry, as well as the permissible sale of such 
prototypes, following use in the United States, as scrap, waste, or for 
recycling.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/02                    67 FR 10636
NPRM Comment Period End         04/08/02
Final Action                    09/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patricia Fitzpatrick, Operations Officer, Department of 
the Treasury, United States Customs Service, Office of Field 
Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1106

RIN: 1515-AC88
_______________________________________________________________________




2354. PROCEDURES GOVERNING THE BORDER RELEASE ADVANCED SCREENING AND 
SELECTIVITY (BRASS) PROGRAM

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 24; 19 CFR 123; 19 CFR 132; 19 CFR 142

Legal Deadline: None

Abstract: Amendment to provide for the Border Release Advanced 
Screening and Selectivity (BRASS) Program, an improved automated and 
electronic system that will replace the Line Release method of 
processing certain repetitive and high volume shipments of merchandise 
into the U.S.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/02                     67 FR 4930
NPRM Comment Period End         04/02/02
Final Action                    08/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Enrique S. Tamayo, Operations Officer, Trade Programs, 
Department of the Treasury, United States Customs Service, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0693

RIN: 1515-AC92
_______________________________________________________________________




2355. PATENT SURVEYS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 12; 19 CFR 24

Legal Deadline: None

Abstract: Amendment to eliminate patent surveys.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Louis Alfano, Customs Officer, Commercial Enforcement, 
Department of the Treasury, United States Customs Service, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0005

RIN: 1515-AC93
_______________________________________________________________________




2356. SINGLE ENTRY FOR UNASSEMBLED OR DISASSEMBLED ENTITIES IMPORTED ON 
MULTIPLE CONVEYANCES

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 141; 19 CFR 142

Legal Deadline: Final, Statutory, May 9, 2001, Public Law 106-476.

Abstract: Amendment to allow an importer of record, under certain 
conditions, to submit a single entry to cover multiple portions of a 
single entity which, due to its size or nature, arrives in the United 
States on separate conveyances. Amendment implements statutory changes 
made to the merchandise entry laws by the Tariff Suspension and Trade 
Act of 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/08/02                    67 FR 16664
NPRM Comment Period End         06/07/02
Final Action                    10/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Keith Fleming, Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington
Phone: 202 927-1049

Larry L. Burton, Chief, Entry Procedures and Carriers Branch, 
Department of the Treasury, United States Customs Service, 1300

[[Page 33607]]

Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2269

Patricia Fitzpatrick, Operations Officer, Department of the Treasury, 
United States Customs Service, Office of Field Operations, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1106

RIN: 1515-AC94
_______________________________________________________________________




2357.  CIVIL FINES FOR IMPORTATION OF MERCHANDISE BEARING A COUNTERFEIT 
MARK

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 133

Legal Deadline: None

Abstract: Amendment pertaining to the importation of merchandise 
bearing a counterfeit mark to clarify the limit on the amount of a 
civil fine which may be assessed by Customs when merchandise bearing a 
counterfeit mark is imported. Current regulations use, as a measurement 
for determining the limit, the domestic value of merchandise as if it 
had been genuine, based on the manufacturer's suggested retail price of 
the merchandise at the time of seizure. The amendment adheres more 
closely to the statutory language, basing the limit of the civil fine 
on the value of the genuine goods according to the manufacturer's 
suggested retail price, without any reference to domestic value.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lynne O. Robinson, Attorney, Penalties Branch, 
Department of the Treasury, United States Customs Service, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 927-2346

RIN: 1515-AC98
_______________________________________________________________________




2358.  RE-USE OF AIR WAYBILL NUMBER ON AIR CARGO MANIFEST

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58b; 19 USC 66; 19 USC 1431; 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

Legal Deadline: None

Abstract: Amendment pertaining to air commerce to provide that once an 
air waybill number is used on an air cargo manifest, one year must 
elapse before the same air waybill number may be used on another air 
cargo manifest. Current regulations prohibit the re-use of an air 
waybill number for three years after it is used on an air cargo 
manifest. Amendment also specifies that air cargo manifests must 
reference an 11-digit air waybill number for each air waybill it 
covers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/01/02                     67 FR 9423
NPRM Comment Period End         04/30/02
Final Action                    08/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Scholtens, Operations Officer, Trade Programs, 
Department of the Treasury, United States Customs Service, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-3459

RIN: 1515-AD01
_______________________________________________________________________




2359.  CONDITIONAL RELEASE PERIOD AND CUSTOMS BOND OBLIGATIONS 
FOR FOOD, DRUGS, DEVICES AND COSMETICS

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1448; 19 USC 1484; 19 
USC 1499; 19 USC 1623; 19 USC 1624; 21 USC 381

CFR Citation: 19 CFR 141; 19 CFR 151

Legal Deadline: None

Abstract: Amendment to provide for a specific conditional release 
period for any food, drug, device, or cosmetic which has been released 
under bond and for which admissibility is to be determined under the 
provisions of the Food, Drug and Cosmetic Act. Amendment also clarifies 
the amount of liquidated damages that may be assessed when there is a 
breach of the terms and conditions of the Customs bond. Lastly, 
amendment authorizes any representative of the Food and Drug 
Administration to obtain a sample of any food, drug, device, or 
cosmetic, the importation of which is governed by section 801 of the 
Food, Drug and Cosmetic Act, as amended.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02

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-AD05
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2360. HARBOR MAINTENANCE FEE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; PL 99-662; 19 USC 66; 19 USC 81a to 81u; 19 
USC 623; 19 USC 1202; 19 USC 1624; 31 USC 9701; PL 99-272; PL 99-509

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

Legal Deadline: Final, Statutory, April 1, 1987.

Abstract: Amendments to the Customs Regulations to implement provisions 
of the Water Resources Development Act of 1986, which authorizes 
Customs to

[[Page 33608]]

assess a harbor maintenance fee of 0.125 percent (.00125) on the value 
of commercial cargo loaded on or unloaded from a commercial vessel at a 
port unless specifically exempted from the fee. Proceeds of the fee are 
deposited in a trust fund for the U.S. Army Corps of Engineers to use 
for the improvement and maintenance of U.S. ports and harbors.

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                    12/00/02

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-AA57
_______________________________________________________________________




2361. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 24

Legal Deadline: None

Abstract: Amends interim Customs Regulations relating to harbor 
maintenance fees. The interim regulations established a shipping fee 
for transporting cargo on specified U.S. waterways. The Act was amended 
to include an exemption for nonprofit organizations or cooperatives, 
which own or finance cargo determined by Customs to be intended for use 
in humanitarian or development assistance overseas. This amendment sets 
forth the applicability and terms of this exemption.

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                    12/00/02

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-AA87
_______________________________________________________________________




2362. 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                    11/00/02

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
_______________________________________________________________________




2363. 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                    10/00/02

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

[[Page 33609]]

_______________________________________________________________________




2364. 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                    08/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: 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
_______________________________________________________________________




2365. 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                    10/00/02

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
_______________________________________________________________________




2366. 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                    10/00/02

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
_______________________________________________________________________




2367. 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                            07/17/01                    66 FR 37370
NPRM Comment Period End         10/17/01                    66 FR 45235
Final Action                    10/00/02

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

[[Page 33610]]

Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2380

RIN: 1515-AC56
_______________________________________________________________________




2368. 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 to 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                    06/00/02

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
_______________________________________________________________________




2369. 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
NPRM Comment Period End         08/14/00
Final Action                    09/00/02

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

RIN: 1515-AC58
_______________________________________________________________________




2370. 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                    05/00/02

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
_______________________________________________________________________




2371. USER AND NAVIGATION FEES; OTHER REIMBURSABLE CHARGES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58a to 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 to 2112

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

Legal Deadline: None

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. The 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                            05/01/01                    66 FR 21705
NPRM Comment Period End         07/02/01
Final Action                    09/00/02

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
_______________________________________________________________________




2372. 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

[[Page 33611]]

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                    05/00/02

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-AC67
_______________________________________________________________________




2373. 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                    06/00/02

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
_______________________________________________________________________




2374. 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                            08/03/01                    66 FR 40649
NPRM Comment Period End         10/02/01
Final Action                    06/00/02

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
_______________________________________________________________________




2375. 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              10/05/00                    65 FR 59650
Interim Final Rule Effective    10/01/00
Interim Final Rule Comment 
Period End                      12/04/00
Final Action                    06/00/02

Regulatory Flexibility Analysis Required: No

[[Page 33612]]

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

RIN: 1515-AC76
_______________________________________________________________________




2376. 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                    05/00/02

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
_______________________________________________________________________




2377. 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              05/01/01                    66 FR 21660
Interim Final Rule Effective    05/01/01
Interim Final Rule Comment 
Period End                      07/02/01
Final Action                    06/00/02

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
_______________________________________________________________________




2378. 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 to 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                    05/00/02

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
_______________________________________________________________________




2379. 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.

[[Page 33613]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/01/01                    66 FR 21664
Interim Final Rule Effective    05/01/01                    66 FR 27453
Interim Final Rule Comment 
Period End                      07/02/01                    66 FR 21664
Final Action                    05/00/02

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
_______________________________________________________________________




2380. 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

CFR Citation: 19 CFR 10

Legal Deadline: None

Abstract: Amendment to 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              04/23/01                    66 FR 20392
Interim Final Rule Effective    04/23/01
Interim Final Rule Comment 
Period End                      06/22/01
Final Action                    05/00/02

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
_______________________________________________________________________




2381. DOG AND CAT PROTECTION ACT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1308; 19 USC 1592; 19 
USC 1593a; 19 USC 1624

CFR Citation: 19 CFR 12; 19 CFR 113; 19 CFR 151; 19 CFR 162

Legal Deadline: Final, Statutory, August 9, 2001, Public Law 106-476.

Abstract: Amendment to implement certain provisions of the Dog and Cat 
Protection Act of 2000. The Dog and Cat Protection Act of 2000 
prohibits the importation of any products containing dog or cat fur, 
and provides for civil and criminal penalties for violations of the 
Act. Amendment sets forth the prohibitions on dog and cat fur 
importations and the penalties for violations. Amendment also 
implements the provision of the Act pertaining to Customs certification 
process of commercial laboratories, both domestic and foreign, that can 
determine if articles intended to be imported into the United States 
contain dog or cat fur.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/10/01                    66 FR 42163
NPRM Comment Period End         10/09/01
Final Action                    07/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Luan Cotter, Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-1249

Renee Stevens, Science Officer, Department of the Treasury, United 
States Customs Service, Office of Laboratories and Scientific Services, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0941

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-AC87
_______________________________________________________________________




2382. PREFERENTIAL TREATMENT OF BRASSIERES UNDER THE UNITED STATES-
CARIBBEAN BASIN TRADE PARTNERSHIP ACT

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, 2001, Public Law 106-200.

Abstract: Amendment to implement those provisions within the United 
States-Caribbean Basin Trade Partnership Act (the CBTPA) that establish 
standards for preferential treatment for brassieres imported from CBTPA 
beneficiary countries. The amendments involve specifically the methods, 
procedures and related standards that will apply for purposes of 
determining compliance with the 75 percent aggregate U.S. fabric 
components content requirement under the CBTPA brassieres provision.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/04/01                    66 FR 50534
Interim Final Rule Effective    10/04/01
Correction                      10/11/01                    66 FR 51864
Interim Final Rule Comment 
Period End                      12/03/01
Final Action                    06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dick Crichton, Operations Officer, Office of Field 
Operations, Department of the Treasury, United States Customs Service, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0162

Cynthia Reese, Senior Attorney, Department of the Treasury, United 
States Customs Service, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229

[[Page 33614]]

Phone: 202 927-1361

RIN: 1515-AC89
_______________________________________________________________________




2383. SINGLE ENTRY FOR SPLIT SHIPMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 141; 19 CFR 142

Legal Deadline: Final, Statutory, May 9, 2001, Public Law 106-476.

Abstract: Amendment to allow an importer of record, under certain 
conditions, to submit a single entry to cover multiple portions of a 
single shipment which was split by the carrier and arrives in the 
United States at different times.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/16/01                    66 FR 57688
NPRM Comment Period End         01/15/02
Comment Period Extended         02/14/02                     67 FR 3135
Final Action                    05/00/02

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

Keith Fleming, Operations Officer, Department of the Treasury, United 
States Customs Service, Office of Field Operations, 1300 Pennsylvania 
Avenue NW., Washington
Phone: 202 927-1049

RIN: 1515-AC91
_______________________________________________________________________




2384.  PASSENGER AND CREW MANIFESTS REQUIRED FOR PASSENGER FLIGHTS IN 
FOREIGN AIR TRANSPORTATION TO THE UNITED STATES

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; 49 USC 44909(c); 19 USC 1431

CFR Citation: 19 CFR 122

Legal Deadline: None

Abstract: Amendment to implement a provision of the Aviation and 
Transportation Security Act which requires that each air carrier, 
foreign and domestic, operating a passenger flight in foreign air 
transportation to the United States electronically transmit to Customs 
in advance of arrival a passenger and crew manifest that contains 
certain specified information. The submission of this information to 
Customs is required for purposes of ensuring aviation safety and 
protecting national security.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/31/01                    66 FR 67482
Interim Final Rule Comment 
Period End                      03/01/02
Final Action                    06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: James Jeffers, Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-4444

RIN: 1515-AC99
_______________________________________________________________________




2385.  MANUFACTURING SUBSTITUTION DRAWBACK: DUTY APPORTIONMENT

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 provide the method for calculating manufacturing 
substitution drawback where imported merchandise, which is dutiable on 
its value, contains a chemical element and amounts of that chemical 
element are used in the manufacture or production of articles which are 
either exported or destroyed under Customs supervision. Recent court 
cases have held that a chemical element that is contained in an 
imported material that is subject to an ad valorem rate of duty may be 
designated as same kind and quality merchandise for drawback purposes. 
Amendment provides the method by which the duty attributable to the 
chemical element can be apportioned. Amendment requires a drawback 
claimant, where applicable, to make this apportionment calculation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/02

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-AD02
_______________________________________________________________________




2386.  ACCESS TO CUSTOMS SECURITY AREAS AT AIRPORTS

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

Legal Deadline: None

Abstract: Amendments regarding the standards for employee access to 
Customs security areas at airports that accommodate international air 
commerce. Amendments involve the addition of a biennial access approval 
reapplication requirement, an expansion of the grounds for denial of an 
application for access, the addition of a requirement that each 
employee granted access must report to Customs certain changes in the 
employee's circumstances, the inclusion of several new employer 
responsibilities, an expansion of the grounds for revocation or 
suspension of access and for proposed revocation or suspension of 
access, and a limitation of the opportunity to have a hearing in a 
revocation or suspension action to only cases in which there is a 
genuine issue regarding a material fact. The changes are needed to 
enhance the security areas and are commensurate with the heightened 
enforcement posture of the Federal Government following the September 
11, 2001, terrorist attacks.

[[Page 33615]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth Tritt, Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-4434

RIN: 1515-AD04
_______________________________________________________________________




2387.  PASSENGER NAME RECORD INFORMATION REQUIRED FOR PASSENGERS ON 
FLIGHTS IN FOREIGN AIR TRANSPORTATION TO OR FROM THE UNITED STATES

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; 19 USC 1431; 49 USC 44909(c)

CFR Citation: 19 CFR 122

Legal Deadline: None

Abstract: Amendment to implement a provision of the Aviation and 
Transportation Security Act which requires that air carriers make 
Passenger Name Record (PNR) information available to Customs upon 
request. The availability of PNR information to Customs is necessary 
for purposes of ensuring aviation safety and protecting national 
security.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Liliana Quintero, Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Field Operations, 
1300 Pennsylvania Avenu NW., Washington, DC 20229
Phone: 202 927-2531

RIN: 1515-AD06
_______________________________________________________________________




2388.  ELIMINATION OF TARIFF-RATE QUOTA ON IMPORTED LAMB MEAT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 132; 19 CFR 163

Legal Deadline: None

Abstract: Amendment to remove the regulation requiring that lamb meat 
subject to tariff-rate quota be covered by an export certificate in 
order to obtain the in-quota rate of duty. The regulation is no longer 
necessary because the tariff-rate quota imposed on imported lamb meat 
products was eliminated by Presidential Proclamation 7502 of November 
14, 2001.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Thomas Fitzpatrick, Operations Officer, Department of 
the Treasury, United States Customs Service, Office of Field 
Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-5385

RIN: 1515-AD09
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2389. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 12; 19 CFR 113

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                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Leon Hayward
Phone: 202 927-9704

RIN: 1515-AB97
_______________________________________________________________________




2390. 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

Agency Contact: Dennis Dore
Phone: 202 927-3274

RIN: 1515-AC12
_______________________________________________________________________




2391. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 12

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                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Leon Hayward
Phone: 202 927-9704

RIN: 1515-AC62

[[Page 33616]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


United States Customs Service (CUSTOMS)



_______________________________________________________________________




2392. CIVIL ASSET FORFEITURE

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 162; 19 CFR 171

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/28/02                     67 FR 9188
Final Action Effective          02/28/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeremy Baskin
Phone: 202 927-1176

RIN: 1515-AC69
_______________________________________________________________________




2393.  IMPORT RESTRICTIONS IMPOSED ON ARCHAEOLOGICAL AND ETHNOLOGICAL 
MATERIALS FROM BOLIVIA

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 and ethnological materials originating in 
Bolivia. These restrictions are being imposed pursuant to an agreement 
between the United States and Bolivia that has been entered into under 
the authority of the Convention on Cultural Property Implementation Act 
in accordance with the 1970 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                    12/07/01                    66 FR 63490
Final Action Effective          12/07/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: 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

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

RIN: 1515-AC95
_______________________________________________________________________




2394.  DRAWBACK; CONFORMING AMENDMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 191

Legal Deadline: None

Abstract: Amendment relating to drawback to conform regulations to 
changes that were made to the drawback law by the Miscellaneous Trade 
and Technical Corrections Act of 1999. The amendments concern drawback 
on packaging material and drawback in connection with the substitution 
of finished petroleum derivatives.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/08/02                    67 FR 16634
Final Action Effective          04/08/02

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-AD00
_______________________________________________________________________




2395.  ANDEAN TRADE PREFERENCE ACT

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 3; 19 USC 66; 19 USC 1431; 19 USC 
1433; 19 USC 1434; 19 USC 1505; 19 USC 1624; 46 USC app 3; 46 USC app 
91

CFR Citation: 19 CFR 141

Legal Deadline: None

Abstract: Duty-free treatment for eligible articles from beneficiary 
countries under the Andean Trade Preference Act (ATPA) expired on 
December 4, 2001. This amendment provides that effective February 15, 
2002, importers of eligible articles that, but for the expiration of 
the ATPA would have been entitled to duty-free treatment under the 
ATPA, may exercise the option to defer the payment of estimated Customs 
duties and fees after entry of those articles until May 16, 2002. The 
Administation anticipates that the duty-free treatment accorded to 
merchandise under the provisions of the ATPA will be restored and made 
retroactive to the date that duty-free treatment under the ATPA 
expired. The amendment is intended to relieve the importing public from 
having to deposit estimated duties on eligible merchandise and then 
having to apply for refund of these duties in the event duty-free 
treatment is retroactively re-authorized. This temporary rule expires 
on May 16, 2002.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary rule                  02/15/02                     67 FR 7070
Final Action Effective          02/15/02

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-AD03
_______________________________________________________________________




2396.  PAYMENT OF DUTIES ON CERTAIN STEEL PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 USC 
1434; 19 USC 1505; 19 USC 1624; 46 USC app 3; 46 USC app 91

CFR Citation: 19 CFR 141

Legal Deadline: None

Abstract: Temporary amendment that requires importers of steel products 
described in Presidential Proclamation 7529 To Facilitate Positive 
Adjustment to Competition From Imports of Certain Steel Products to 
defer until April 19, 2002, the deposit of the estimated duties 
described in the Proclamation on those products entered or withdrawn

[[Page 33617]]

from warehouse for consumption in the Customs territory of the United 
States on or after 12:01 a.m., EST, March 20, 2002 and up to April 4, 
2002. The rule implements an instruction of the President regarding the 
Presidential Proclamation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary rule                  03/20/02                    67 FR 12860
Final Action Effective          03/20/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John Considine, Chief, Cargo Control Branch, Office of 
Field Operations, Department of the Treasury, United States Customs 
Service, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-0533

RIN: 1515-AD07
_______________________________________________________________________




2397.  NORTH AMERICAN FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 181

Legal Deadline: None

Abstract: Amendment to implement the preferential tariff treatment and 
other Customs-related provisions of the North American Free Trade 
Agreement (NAFTA) entered into by the United States, Canada and Mexico. 
Amendments involve technical rectifications and other conforming 
changes to reflect amendments to the NAFTA uniform regulations agreed 
upon by the three NAFTA parties and to reflect changes to the 
Harmonized Tariff of the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/02/02                    67 FR 15480
Final Action Effective          04/01/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John Valentine, Attorney-Advisor, Department of the 
Treasury, United States Customs Service, International Agreements 
Staff, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927-2255

RIN: 1515-AD08
BILLING CODE 4820-02-S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2398. GOLDEN PARACHUTE PAYMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 280G

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to restrictions 
on golden parachute payments. The regulations will provide guidance to 
taxpayers, who must comply with section 280G, by delineating the 
circumstances under which payments may be considered excess parachute 
payments.

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
Second NPRM                     02/20/02                     67 FR 7630
Second NPRM Comment Period End  06/05/02
Public Hearing                  06/26/02
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209114-90 (EE-30-90)
Drafting attorney: Erinn Madden (202) 622-6060
Reviewing attorney: Robert Misner (202) 622-6060
CC:TEGE

Agency Contact: Erinn Madden, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-AH49
_______________________________________________________________________




2399. 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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AO25
_______________________________________________________________________




2400. INTERCOMPANY TRANSFER PRICING FOR SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 33618]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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: Elizabeth Beck (202) 874-1490
Treasury attorney: Rocco Femia (202) 622-1755
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
_______________________________________________________________________




2401. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 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                     12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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) 622-0869
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
_______________________________________________________________________




2402. 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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-253560-96
Drafting attorney: Milton M. Cahn (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
CC:INTL

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

RIN: 1545-AU89
_______________________________________________________________________




2403. 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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
_______________________________________________________________________




2404. 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: The proposed regulations provide 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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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

[[Page 33619]]

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
_______________________________________________________________________




2405. ESTATE TAX DEDUCTION FOR QUALIFIED FAMILY-OWNED BUSINESS INTERESTS 
(QFOBI)

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106430-98
Drafting attorney: Lian A. Mito (202) 622-7830
Reviewing attorney: Melissa Liquerman (202) 622-7076
CC:P&SI

Agency Contact: Lian A. Mito, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7830

RIN: 1545-AW21
_______________________________________________________________________




2406. CAPITAL GAIN GUIDANCE RELATING TO CRTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1; 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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110896-98
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Mary Beth Collins (Carchia) (202) 622-3080
CC:P&SI

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

RIN: 1545-AW35
_______________________________________________________________________




2407. 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                            12/00/02

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: Thomas A. 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-AW61
_______________________________________________________________________




2408. REPORTING OF PAYMENTS TO ATTORNEY

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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                     12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126024-01
Drafting attorney: Sara P. Shepherd (202) 622-4960
Reviewing attorney: Michael Montermurro (202) 622-4920
Treasury attorney: Michael Novey (202) 622-1339
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: 202 622-4960

RIN: 1545-AW72
_______________________________________________________________________




2409. 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

[[Page 33620]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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
_______________________________________________________________________




2410. 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                            12/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

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: Dirk Suringa (202) 622-1779
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
_______________________________________________________________________




2411. HIGHWAY VEHICLE--DEFINITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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
_______________________________________________________________________




2412. 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 proposed regulation relates to the application of the 
income forecast method under section 167(g) of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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
_______________________________________________________________________




2413. 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 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                            12/00/02

Regulatory Flexibility Analysis Required: No

[[Page 33621]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107335-99
Drafting attorney: Charles W. Culmer (202) 622-3960
Reviewing attorney: Robert Williams (202) 622-3960
Treasury attorney: Viva Hammer (202) 622-0869
CC:FI&P

Agency Contact: Charles W. Culmer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3960

RIN: 1545-AX16
_______________________________________________________________________




2414. 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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AX21
_______________________________________________________________________




2415. 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: This regulation updates and revises regulations on qualified 
cash or deferred arrangements, ``matching'' contributions, and employee 
contributions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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
_______________________________________________________________________




2416. INSPECTION OF WRITTEN DETERMINATIONS UNDER SECTION 6110 OF THE 
INTERNAL REVENUE CODE

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation amends Treasury Regulation section 301.6110 
to include Chief Counsel Advice.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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
_______________________________________________________________________




2417. 401(K) AND 401(M) REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations update and revise regulations for 
cash or deferred arrangements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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
_______________________________________________________________________




2418. SECTION 7430 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

[[Page 33622]]

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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111833-99
Drafting attorney: Kerry H. Bryan (202) 622-7940
Reviewing attorneys: Susan T. Mosley (202) 622-7940, Henry S. 
Schneiderman (202) 622-7820
Treasury attorney: Rita Cavanagh (202) 622-1981
CC:PA:APJP

Agency Contact: Kerry H. Bryan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7940

RIN: 1545-AX46
_______________________________________________________________________




2419. SECTION 414(Q) REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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
_______________________________________________________________________




2420. 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                            12/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

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




2421. MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 367

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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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: Michael Caballero (202) 622-0851
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
_______________________________________________________________________




2422. STATUTE OF LIMITATIONS ON COLLECTION INSTALLMENT AGREEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6331

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. 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                            12/00/02

[[Page 33623]]

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: Lawrence Schattner (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
_______________________________________________________________________




2423. 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                            12/00/02

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 Lippe (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 Lippe, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3840

RIN: 1545-AX91
_______________________________________________________________________




2424. 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 proposed regulation prevents the acceleration or 
duplication of losses through the assumption of liabilities in 
transactions involving partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-106736-00
Drafting attorney: Horace Howells (202) 622-3050
Reviewing attorney: Shannon Cohen (202) 622-3060
Treasury attorney: Deborah Harrington (202) 622-1788
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-AX93
_______________________________________________________________________




2425. 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 relate to like-kind exchanges, under section 
168 of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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
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
_______________________________________________________________________




2426. DEFINITION OF DIESEL FUEL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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

[[Page 33624]]

_______________________________________________________________________




2427. GUIDANCE NECESSARY TO FACILITATE ELECTRONIC TAX ADMINISTRATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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 of the Form 1040.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107184-00
Drafting attorney: Sara P. Shepherd (202) 622-4960
Reviewing attorney: John McGreevy (202) 622-4960
Treasury attorney: John Parcell (202) 622-2578
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: 202 622-4960

RIN: 1545-AY04
_______________________________________________________________________




2428. DAMAGES UNDER SECTION 7433

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This proposed 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                            12/00/02

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
_______________________________________________________________________




2429. INVESTMENT TYPE PROPERTY (PREPAYMENT)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation defines investment type property for 
purposes of determining whether bonds are arbitrage bonds under section 
148 of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/25/99                    64 FR 46320
Second NPRM                     05/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State, Local

Additional Information: REG-105369-00
Drafting attorney: Johanna L. Som de Cerff (202) 622-3980
Reviewing attorney: Rebecca L. Harrigal (202) 622-3980
Treasury attorney: Stephen Watson (202) 622-1322
CC:TEGE

Agency Contact: Johanna L. Som de Cerff, 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-AY12
_______________________________________________________________________




2430. 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 proposed regulation describes the methods and procedures 
for electing mark-to-market treatment for marketable stock of a PFIC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-112306-00
Drafting attorney: Laurie Hatten-Boyd (202) 622-3860
Reviewing attorney: Phyllis Marcus (202) 622-3840
CC:INTL

Agency Contact: Laurie M. 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
_______________________________________________________________________




2431. 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 proposed regulations provide guidance on changes to the 
law for corporate estimated taxes.

[[Page 33625]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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 attorney: Pamela W. Fuller (202) 622-4910
Treasury attorney: Christopher Ohmes (202) 622-1335
CC:P&A:APJP

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
_______________________________________________________________________




2432. 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 proposed regulation requires the use of taxpayer 
identifying numbers on submissions made by foreign taxpayers to reduce 
or eliminate tax under sections 897 and 1445 of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-106876-00
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles Besecky (202) 622-3860
Treasury attorney: Michael Caballero (202) 622-0851
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
Fax: 202 622-4476

RIN: 1545-AY24
_______________________________________________________________________




2433. SECTION 1503(D) REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation will revise provisions in section 
1503(d) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-106879-00
Drafting attorney: Kathryn Holman (202) 622-3860
Reviewing attorney: Michael H. Frankel (202) 622-3860
CC:INTL

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

RIN: 1545-AY27
_______________________________________________________________________




2434. WITHHOLDING TAX ON FOREIGN PARTNERS' SHARE OF EFFECTIVELY 
CONNECTED INCOME

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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 partners' allocable share of partnership's effectively 
connected income.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-108524-00
Drafting attorney: David J. Sotos (202) 622-3860
Reviewing attorney: Eliana D. Dolgoff (202) 622-3860
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

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

RIN: 1545-AY28
_______________________________________________________________________




2435. 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                            12/00/02

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

[[Page 33626]]

Phone: 202 622-3840

RIN: 1545-AY30
_______________________________________________________________________




2436. IRS NPRM 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 proposed regulation relates to information reporting on 
the cancellation of indebtedness.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-107524-00
Drafting attorney: Sharon Lee Hall (202) 622-4950
Reviewing attorney: Christopher F. Kane (202) 622-4950
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: 202 622-4950

RIN: 1545-AY35
_______________________________________________________________________




2437. 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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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

RIN: 1545-AY38
_______________________________________________________________________




2438. 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                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107580-00
Drafting attorney: Scott H. Rabinowitz (202) 622-4970
Reviewing attorney: Jeffery G. Mitchell (202) 622-4970
Treasury attorney: Christine Turgeon (202) 622-0865
CC:IT&A

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

RIN: 1545-AY39
_______________________________________________________________________




2439. 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                            12/00/02

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
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
_______________________________________________________________________




2440. 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                            03/08/02                    67 FR 10640
Public Hearing                  09/18/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

[[Page 33627]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-118861-00
Drafting attorneys: Mark Weiss (202) 622-7790
 Gary Geisler (202) 622-3970
Reviewing attorney: William D. Alexander (202) 622-7780
Treasury attorney: Audrey Nacamuli (202) 622-0869
CC:FI&P

Agency Contact: Mark Weiss, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7790

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

RIN: 1545-AY49
_______________________________________________________________________




2441. 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; 26 USC 959

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                            12/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-121509-00
Drafting attorney: Kelly M. Kogan (202) 622-3810
Reviewing attorney: Phyllis Marcus (202) 622-3840
CC:INTL

Agency Contact: Kelly M. Kogan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3810

RIN: 1545-AY54
_______________________________________________________________________




2442. 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 amends regulations to allow electronic filing 
of the Form 1040.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107184-00
Drafting attorney: Sara P. Shepherd (202) 622-4960
Reviewing attorney: John McGreevy (202) 622-4910
Treasury attorney: John Parcell (202) 622-2578
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: 202 622-4960

RIN: 1545-AY56
_______________________________________________________________________




2443. 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                            12/00/02

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
_______________________________________________________________________




2444. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 357

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

[[Page 33628]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100818-01
Drafting attorney: Douglas C. Bates (202) 622-7550
Reviewing attorney: Debra Carlisle (202) 622-7550
CC:CORP

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

RIN: 1545-AY74
_______________________________________________________________________




2445. 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: These regulations relate to the sale or deregulation of 
generation assets.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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
_______________________________________________________________________




2446. QUALIFIED S ELECTION FOR TESTAMENTARY TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1361

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed 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 two-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 two-year qualifying 
period.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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
Treasury attorney: Elizabeth Askey (202) 622-0224
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
_______________________________________________________________________




2447. LOW-INCOME TAXPAYER CLINICS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation will amend the regulations 
pertaining to the definition of income tax return preparer to exclude 
low-income taxpayer clinics and their volunteers when operating as 
authorized by 26 U.S.C. 7526.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115285-01
Drafting attorney: Brinton T. Warren (202) 622-4940
Reviewing attorney: Judith M. Wall (202) 622-4940
Treasury attorney: Julian Kim (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-AY84
_______________________________________________________________________




2448. CHARITABLE LEAD INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2055; 26 USC 2522; 26 USC 170

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations conform the regulations under 
sections 170, 2055, and 2522 in the decision in Estate of Boeshore v. 
Commissioner, T.C. 523 (1982) acq. in result, 1987-2 C.B. 1. The 
opinion found that section 20.2055-2(c)(2)(vi)(e) was invalid to the 
extent that it held that an estate tax charitable deduction was 
precluded because a private unitrust interest was payable from the 
trust before the commencement of the charitable unitrust interest.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-115781-01
Drafting attorney: Susan B. Hurwitz (202) 622-3090
Reviewing attorney: George Masnik (202) 622-3090

[[Page 33629]]

CC:P&SI

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

RIN: 1545-AY86
_______________________________________________________________________




2449. DISCLOSURE OF RETURNS AND RETURN INFORMATION IN JUDICIAL AND 
ADMINISTRATIVE TAX PROCEEDINGS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This proposed rule relates to the disclosure of returns and 
return information in judicial and administrative tax proceedings 
pursuant to 26 U.S.C. 6103(h)(4).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120297-01
Drafting attorney: Stuart D. Murray (202) 622-4580
Reviewing attorney: David L. Fish (202) 622-4580
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:P&A: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-AY89
_______________________________________________________________________




2450. SECTION 736(B)(3)(B)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 736

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations relate to section 736(b)(3)(B), 
regarding payments for interest in a partnership if the retiring or 
deceased partner was a general partner in the partnership.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-123382-01
Drafting attorney: James M. Gergurich (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
CC:P&SI

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

RIN: 1545-AY90
_______________________________________________________________________




2451. NET GIFT TREATMENT--SECTION 2519

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 25

Legal Deadline: None

Abstract: This proposed regulation is intended to cover the effect of 
gift tax entitled to be recovered by the donor, pursuant to the right 
of recovery under section 2207A, on the amount of the gift under 
section 2519 (i.e., whether the transfer is a ``net gift''). The 
section was reserved when the regulations under section 2519 were 
finalized, because of uncertainty regarding whether section 2207A 
shifts the liability for the gift tax to the beneficiaries of the 
transfer. After considering the issue in conjunction with several TAMS 
and PLRS, we have adopted a position that section 2207A does not shift 
the liability for the gift tax imposed on a section 2519 transfer.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-123345-01
Drafting attorney: DeAnn K. Malone (202) 622-7830
Reviewing attorney: Melissa Liquerman (202) 622-7076
CC:P&SI

Agency Contact: DeAnn K. Malone, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7830

RIN: 1545-AY91
_______________________________________________________________________




2452. DEFINITION OF AGENT FOR PURPOSES OF I.R.C. SECTIONS 6103(1) AND 
(M) AND SAFEGUARD CERTIFICATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 U.S.C 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This proposed rule relates to the definition of agent for 
purposes of I.R.C. sections 6103(1) and (m) and safeguard 
certifications.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/02                     67 FR 4938
NPRM Comment Period End         05/02/02
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State, Federal, Local

Additional Information: REG-120135-01
Drafting attorney: Helene R. Newsome (202) 622-4580
Reviewing attorney: David L. Fish (202) 622-4580
CC:P&A:D&PL

Agency Contact: Helene R. Newsome, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4580

RIN: 1545-AY94

[[Page 33630]]

_______________________________________________________________________




2453. TERMINATION OF QSUB ELECTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1361; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides revised examples under section 
1.1362-5(c)(3) relating to corporations terminating QSub elections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-126859-01
Drafting attorney: Pietro Emile Canestrelli (202) 622-3484
Reviewing attorney: Jeanne Sullivan (202) 622-3070
CC:P&SI

Agency Contact: Pietro Emile Canestrelli, Attorney-Advisor, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3484

RIN: 1545-AY95
_______________________________________________________________________




2454. REGULATIONS UNDER SECTIONS 6662 AND 6664 REGARDING TAX SHELTER 
PENALTIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6662; 26 USC 6664

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations relate to sections 6662 and 6664 
regarding tax shelter penalties. The project has arisen in connection 
with the revision to Circular 230.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126016-01
Drafting attorney: Brinton T. Warren (202) 622-4940
Reviewing attorney: Richard S. Goldstein (202) 622-7820
CC:P&A: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-AY97
_______________________________________________________________________




2455. EXPENDITURES IN CONNECTION WITH THE CREATION OF INTANGIBLE ASSETS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 263

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations provide guidance on the treatment of 
costs incurred in connection with the creation of an intangible asset.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125638-01
Drafting attorney: Andrew J. Keyso, Jr. (202) 622-4950
Reviewing attorney: Robert Casey (202) 622-4950
Treasury attorney: Jodi Cohen (202) 622-0160
CC:IT&A

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

RIN: 1545-BA00
_______________________________________________________________________




2456. TITLE--ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This rule provides guidance with respect to methods of 
apportioning interest expense under section 864(e) of the Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129447-01
Drafting attorney: Melissa D. Arndt (202) 622-3850
Reviewing attorney: Anne Devereaux (202) 622-3850
Treasury attorneys: Michael Caballero (202) 622-0851, John Harrington 
(202) 622-0589
CC:INTL

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

RIN: 1545-BA02
_______________________________________________________________________




2457. MERGERS INVOLVING DISREGARDED ENTITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 368

Legal Deadline: None

Abstract: The proposed rules will provide guidance concerning the 
requirements to be met in order for a merger or consolidation to 
qualify as a reorganization under section 368(a)(1)(A). They will also 
address whether certain mergers involving disregarded entities can 
qualify as reorganizations under section 368(a)(1)(A).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

[[Page 33631]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126485-01
Drafting attorneys: Reginald Mombrun (202) 622-7750, Marlene Oppenheim 
(202) 622-7770
Reviewing attorney: Mark S. Jennings (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

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

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

RIN: 1545-BA06
_______________________________________________________________________




2458. NOTICE OF SIGNIFICANT REDUCTION IN THE RATE OF FUTURE BENEFIT 
ACCRUAL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 4980

CFR Citation: 26 CFR 1; 26 CFR 54; 26 CFR 602

Legal Deadline: None

Abstract: The proposed regulations will update the regulations 
currently in section 1.411(d) for changes made as a result of the 
Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). 
EGTRAA amends ERISA section 204(h) and adds section 4980F to the Code. 
Section 4980F imposes an excise tax for failure to satisfy notice 
requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-136193-01
Drafting attorney: Janet A. Laufer (202) 622-6090
Treasury attorney: William Bortz (202) 622-6090
CC:TEGE

Agency Contact: Janet A. Laufer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090
Fax: 202 622-4084

RIN: 1545-BA08
_______________________________________________________________________




2459. REDUCTIONS OF ACCRUALS AND ALLOCATIONS BECAUSE OF INCREASED AGE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 411; 26 USC 411

CFR Citation: 26 CFR 1

Legal Deadline: Final, Statutory, February 1, 1988.

Abstract: These regulations will prescribe rules regarding the 
requirement that accruals and allocations under qualified retirement 
plans cannot be reduced because of the attainment of any age.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-209500-86
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6090
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-BA10
_______________________________________________________________________




2460. GUIDANCE UNDER SECTION 1502 REGARDING TRANSACTIONS INVOLVING 
OBLIGATIONS OF CONSOLIDATED GROUP MEMBERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations are in regard to intercompany 
obligations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-107592-00
Drafting attorney: Heather Johnson (202) 622-7750
Reviewing attorney: Michael J. Wilder (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
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-BA11
_______________________________________________________________________




2461. GUIDANCE REGARDING THE TREATMENT BY A CORPORATION OF FINANCIAL 
INSTRUMENTS BASED ON THE VALUE OF THAT CORPORATION'S STOCK

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations being considered would provide 
guidance regarding the application of section 1032 with respect to 
financial instruments based on the value of the corporation's stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

[[Page 33632]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139865-01
Drafting attorney: Krishna Vallabhaneni (202) 622-7550
CC:CORP

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

RIN: 1545-BA12
_______________________________________________________________________




2462. DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will update and clarify the general rules 
for deductibility of employer contributions to qualified retirement 
plans and other deferred compensation arrangements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-139449-01
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Mark Schwimmer (202) 622-6090
Treasury attorney: Thomas Reeder (202) 622-1341
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-BA13
_______________________________________________________________________




2463. CONTINUATION OF A CONSOLIDATED GROUP UNDER 1.1502-75

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation project addresses issues related to the 
continuation of consolidated groups under 1.1502-75.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126022-01
Drafting attorney: Christopher M. Bass (202) 622-7770
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-BA14
_______________________________________________________________________




2464. CONSOLIDATED RETURNS; INVESTMENT ADJUSTMENTS INVOLVING PREFERRED 
STOCK

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations makes amendments to section 1.1502-
32(c) of the consolidated return regulations dealing with the 
allocation of stock basis adjustments between common and preferred 
stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-141652-01
Drafting attorney: Thomas I. Russell (202) 622-7930
Reviewing attorney: Steve Hankin (202) 622-7930
CC:CORP

Agency Contact: Thomas I. Russell, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7930

RIN: 1545-BA15
_______________________________________________________________________




2465. COUNTING 2100 NOTICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 3406

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: The regulations will amend the rule for determining the 
number of notices a payer received from the Internal Revenue Service 
for purposes of determining whether a payer must impose backup 
withholding pursuant to section 31.3406(d).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116644-01
Drafting attorney: Nancy L. Rose (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
Treasury attorney: Jodi Cohen (202) 622-0160
CC:P&A: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-BA18
_______________________________________________________________________




2466. AMENDING 301.6334-1, PROPERTY EXEMPT FROM LEVY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6334

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The purpose of this regulation is to describe the judicial 
procedures for approval of a principal residence seizure, pursuant to 
I.R.C. sections 6334(a)(13(B)(i) and 6334(e)(1).

[[Page 33633]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-140378-01
Drafting attorney: Robin M. Ferguson (202) 622-3610
Reviewing attorney: Alan Levine (202) 622-3610
CC:P&A:CB&S

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

RIN: 1545-BA22
_______________________________________________________________________




2467. UNIT LIVESTOCK PRICING METHOD

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 471; 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The proposed regulation reexamines requirements to annually 
reevaluate and upwardly adjust unit livestock prices.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/04/02                     67 FR 5074
Public Hearing                  06/12/02
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-125626-01
Drafting attorney: A. Katharine Kiss (202) 622-4930
Reviewing attorney: Jeffery G. Mitchell (202) 622-4930
CC:IT&A

Agency Contact: A. Katharine Kiss, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4930

RIN: 1545-BA25
_______________________________________________________________________




2468. APPLICATION OF THE FEDERAL INSURANCE CONTRIBUTIONS ACT, FEDERAL 
UNEMPLOYMENT TAX ACT AND COLLECTION OF INCOME TAX AT SOURCE TO STATUTORY 
STOCK OPTIONS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 3101;26 USC 3111; 26 USC 3121; 26 USC 3301; 26 
USC 3306; 26 USC 3401; 26 USC 3402; 26 USC 7805

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: The regulations under sections 424, 3121, 3306, 3401 
contained in the Notice of Proposed Rulemaking clarify the application 
of the Federal Insurance Contributions Act (FICA), Federal Unemployment 
Tax Act (FUTA), and the Collection of Income Tax at Source to statutory 
stock options; i.e., incentive stock options under section 422 (ISOs) 
and options granted under employee stock purchase plans under section 
423 (ESPP options). The proposed regulations provide that at the time 
of the exercise of a statutory stock option, the individual who was 
granted the statutory stock option receives wages for FICA and FUTA 
purposes. The proposed regulations also provide that the amount of 
wages received equals the excess of the fair market value of the stock 
acquired pursuant to the exercise of the statutory stock option over 
the amount paid for the stock. The proposed regulations also provide 
that income tax withholding is not required when an individual 
exercises a statutory stock option because no income is recognized at 
the time of exercise by reason of section 421(a)(1).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/13/01                    66 FR 57023
Public Hearing                  05/14/02                     67 FR 5076
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-142686-01
Drafting attorney: Stephen B. Tackney (202) 622-6040
Reviewing attorney: Michael A. Swim (202) 622-6040
Treasury attorney: Bill Bortz (202) 622-1352
CC:TEGE

Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6040

RIN: 1545-BA26
_______________________________________________________________________




2469. GASOLINE TAX CLAIMS UNDER SECTION 6416(A)(4)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: The proposed regulation will provide guidance regarding 
claims for credit or refund of the gasoline tax under section 
6416(a)(4) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/23/01                    66 FR 53564
NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: State, Local, Tribal

Additional Information: REG-143219-01
Drafting attorney: Frank K. Boland (202) 622-3130
CC:P&SI

Agency Contact: Frank K. Boland, Attorney-Advisor, Department of the 
Treasury, Internal R

[[Page 33634]]

evenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3130

RIN: 1545-BA27
_______________________________________________________________________




2470.  SUSPENSION OF STATUTES OF LIMITATION IN JOHN DOE AND THIRD 
PARTY SUMMONS DISPUTES AND EXPANSION OF TAXPAYERS' RIGHTS TO RECEIVE NOTICE 
AND SEEK JUDICIAL REVIEW OF THIRD PARTY SUMMONSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The proposed regulation provides guidance regarding modified 
rules for serving summonses on third-party recordkeepers, the broadened 
range of summonses subject to the notice requirements, and the 
suspension of limitations periods when court actions are brought or 
when a summoned third party fails to fully respond to a summons. This 
proposed regulation incorporates the changes enacted in RRA 1998, OBRA 
1990, TAMRA 1988, and TRA 1986. This regulation is a continuation of 
the regulation project previously numbered at REG-208225-88.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-153037-01
Drafting attorney: Elizabeth D. Rawlins (202) 622-3630
Reviewing attorney: Robert A. Miller (202) 622-3630
CC:P&A:CB&S

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

RIN: 1545-BA31
_______________________________________________________________________




2471.  AMENDMENTS TO RULES FOR ALLOCATION OF BASIS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 755

CFR Citation: 26 CFR 755

Legal Deadline: None

Abstract: The proposed regulation amends the regulations under section 
755 (Section 1.755-1) in order to better coordinate with recent 
revisions to section 1.755-2.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-155345-01
Drafting attorney: Craig A. Gerson (202) 622-3050
Reviewing attorney: Mathew Lay (202) 622-3050
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PS&I

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

RIN: 1545-BA32
_______________________________________________________________________




2472.  GUIDANCE REGARDING FOREIGN PERSONAL HOLDING COMPANY INCOME

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 954(h)(8)

CFR Citation: 26 CFR 1.954-2(f); 26 CFR 1.954-2(g)

Legal Deadline: None

Abstract: These proposed regulations relate to the definition of 
foreign personal holding company income in the case of gain or loss 
arising from certain commodities hedging transactions and in the case 
of currency gain or loss arising from certain interest-bearing 
liabilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-154920-01
Drafting attorneys: Theodore Setzer (202) 622-3870, Kenneth P. 
Christman (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
Treasury attorney: Patrick Brown: (202) 622-1754.
CC:INTL

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

RIN: 1545-BA33
_______________________________________________________________________




2473.  1.32-2 EARNED INCOME CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation removes 26 CFR 1.32-2 because of legislative 
changes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-135061-01
Drafting attorney: Karin Loverud (202) 622-6060
Reviewing attorney: Mark Schwimmer (202) 622-6080
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-BA34

[[Page 33635]]

_______________________________________________________________________




2474.  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

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This proposed rule is on disclosure of telephone number from 
Form 1040/Schedule F to officers and employees of the Department of 
Agriculture for certain statistical purposes and related activities 
pursuant to 6103(j)(5) of the Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-156293-01
Drafting attorney: Joseph E. Conely (202) 622-4580
Reviewing attorney: David Fish (202) 622-4580
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:P&A:DP&L

Agency Contact: Joseph E. Conley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4580

RIN: 1545-BA35
_______________________________________________________________________




2475.  INCOME FROM SOURCES WITHIN SPECIFIED POSSESSION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 931; 26 USC 911

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will remove the reference to section 911 in 
the section 931 regulations and update the definition of a possession 
under those regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159068-01
Drafting attorney: Kate Y. Hwa (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
Treasury attorney: Michael Mundaca (202) 622-1752
CC:INTL

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-BA37
_______________________________________________________________________




2476.  TREATMENT OF CERTAIN OBLIGATION-SHIFTING TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864(c)(6); 26 USC 7701(e)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation proposes a rule that applies to a single 
taxpayer engaging in certain tax-motivated obligation-shifting 
transfers to prevent tax avoidance. Similar multi-party tax avoidance 
techniques are addressed by Property Treasury Regulation section 
1.7701(i)-2 (1996). This regulation also would modify a rule in the 
proposed regulation dealing with certain related-party transfers that 
might, in its present form, present opportunities for tax avoidance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-160799-01
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840
Reviewing attorney: Roger Brown (202) 622-3800
Treasury attorney: Rocco Femia (202) 622-1755
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

RIN: 1545-BA41
_______________________________________________________________________




2477.  INFORMATION REPORTING FOR QUALIFIED TUITION AND RELATED 
EXPENSES; MAGNETIC MEDIA FILING REQUIREMENTS FOR INFORMATION RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6050; 26 USC 6011(e)

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: This proposed regulation provides guidance to eligible 
educational institutions that enroll any individual for any academic 
period.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-161424-01
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: 202 927-9248

RIN: 1545-BA43
_______________________________________________________________________




2478.  SPLIT-DOLLAR LIFE INSURANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7872

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 33636]]

Abstract: This proposed regulation provides guidance under sections 
7872, 61, and 83 on the taxation of split-dollar life insurance 
arrangements pursuant to Notice 2001-10 and Notice 2002-8.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-164754-01
Drafting attorney: Rebecca E. Asta (202) 622-3940
Reviewing attorney: David Silber (202) 622-3524
Treasury attorney: Mike Novey (202) 622-1339
CC: FI&P

Agency Contact: Rebecca E. Asta, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3940

RIN: 1545-BA44
_______________________________________________________________________




2479.  MULTI-FAMILY HOUSING BONDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These are rules regarding various issues with respect to 
multi-family housing bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: State, Local

Federalism:  Undetermined

Additional Information: REG-163765-01
Drafting attorney: Rose M. Weber (202) 622-3353
Reviewing attorney: Bruce M. Serchuk (202) 622-3980
Treasury attorney: Stephen J. Watson (202) 6622-1322
CC:TEGE

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-BA45
_______________________________________________________________________




2480.  AMENDMENT TO THE DEFINITION OF REFUNDING AND CONTROLLED 
GROUP

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation would amend the definition of a 
refunding issue applicable to tax-exempt bonds issued by States and 
local governments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State, Local

Additional Information: REG-165706-01
Drafting attorney: Michael P. Brewer (202) 622-3980
Reviewing attorney: Bruce Serchuk (202) 622-3980
CC:TEGE

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

RIN: 1545-BA46
_______________________________________________________________________




2481.  SECTION 419A GUIDANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 419A

Legal Deadline: None

Abstract: This proposed regulation provides special rules concerning 
employer deductions for contributions to employee welfare benefit 
funds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-165868-01
Drafting attorney: Betty J. Clary (202) 622-6080
Reviewing attorney: Mark Schwimmer (202) 622-6080
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Betty J. Clary, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-BA47
_______________________________________________________________________




2482.  DETERMINATION OF BASIS OF PARTNER'S INTEREST; SPECIAL RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: These proposed regulations will provide the appropriate basis 
adjustment under section 705 in certain situations in which a 
corporation has a direct or indirect interest in a partnership that 
owns stock in that corporation where the partnership distributes money 
or other property to another partner and that partner recognizes gain 
on the distribution during a year in which the partnership does not 
have an election under section 754 in effect, and the partnership 
subsequently sells or exchanges the stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-167648-01
Drafting attorney: Barbara MacMillan (202) 622-3050

[[Page 33637]]

Reviewing attorney: David Haglund (202) 622-3050
Treasury attorney: Stephanie Robinson (202) 622-9858
CC:PS&I

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

RIN: 1545-BA50
_______________________________________________________________________




2483.  LOSS LIMITATION RULES

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The proposed regulations provide guidance on the treatment of 
certain losses recognized on sales of subsidiary stock by members of a 
consolidated group under section 337l(d) and section 1502 of the 
Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-102740-02
Drafting attorney: Lola L. Johnson (202) 622-7550
Reviewing attorney: Sean P. Duffley (202) 622-7770
CC:CORP

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

RIN: 1545-BA52
_______________________________________________________________________




2484.  PARTNERSHIP OPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 721

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation provides tax treatment of 
partnership options.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-103580-02
Drafting attorney: Audrey W. Ellis (202) 622-3188
Reviewing attorneys: Matthew Lay (202) 622-3060, Jeanne Sullivan (202) 
622-3060
Treasury attorney: Deborah Harrington (202) 622-1788
CC:P&SI

Agency Contact: Audrey W. Ellis, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3188

RIN: 1545-BA53
_______________________________________________________________________




2485.  USER FEES FOR OFFERS TO COMPROMISE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 31 USC 9701

CFR Citation: 26 CFR 300

Legal Deadline: None

Abstract: The regulations relating to user fees would be amended to 
provide for the imposition of user fees for processing and acceptance 
of offers to compromise. The charging of user fees implements the 
Independent Offices Appropriations Act, 31 U.S.C. 9701.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103777-02
Drafting attorney: Gene W. Beard (202) 622-3620
Reviewing attorney: Larry H. Schattner (202) 622-3620
Treasury attorney: Jodi Cohen (202) 622-0160
CC:P&A:CB&S

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

RIN: 1545-BA54
_______________________________________________________________________




2486.  COMPENSATORY STOCK OPTIONS UNDER SECTION 482

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will provide rules for treatment 
of stock options with regard to qualified cost sharing arrangements, 
non-integral services, and other section 482 purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-106359-02
Drafting attorney: Douglas L. Giblen (202) 874-1490
Reviewing attorney: Elizabeth G. Beck (202) 874-1895
Treasury attorney: Rocco Femia (202) 622-1755
CC:INTL

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

RIN: 1545-BA57
_______________________________________________________________________




2487.  MODIFICATION OF CHECK THE BOX (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

[[Page 33638]]

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The ``Modification of Check the Box'' regulations will add a 
new section to the 301.7701-2 regulations to provide that in certain 
circumstances, namely State law mergers and conversions, a surviving 
disregarded entity will be regarded for purposes of assessment and 
collection of prior year tax liabilities of predecessor entities. Thus, 
following a transaction in which a regarded entity is merged or 
converted into a disregarded entity, the Commissioner will be able to 
exercise collection and assessment authority against the disregarded 
entity for any liabilities stemming from tax periods of the regarded 
entity prior to the date of the transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-106681-02
Drafting attorney: James M. Gergurich (202) 622-3070
Reviewing attorney: Jeanne Sullivan (202) 622-3070
Treasury attorney: Stephanie Robinson (202) 622-9858
CC:PSI

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

RIN: 1545-BA58
_______________________________________________________________________




2488.  MODIFICATION OF CHECK THE BOX

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The ``Modification of Check the Box'' will add a new section 
to the 301.7701-2 regulations to provide that in certain circumstances, 
namely State law mergers and conversions, a surviving disregarded 
entity will be regarded for purposes of assessment and collection of 
prior year tax liabilities of predecessor entities. Thus, following a 
transaction in which a regarded entity is merged or converted into a 
disregarded entity, the Commissioner will be able to exercise 
collection and assessment authority against the disregarded entity for 
any liabilities stemming from tax periods of the regarded entity prior 
to the date of the transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-106681-02
Drafting attorney: James M. Gergurich (202) 622-3070
Reviewing attorney: Jeanne Sullivan (202) 622-3070
Treasury attorney: Stephanie Robinson (202) 622-9858
CC:PSI

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

RIN: 1545-BA59
_______________________________________________________________________




2489.  REQUIRED DISTRIBUTIONS FROM RETIREMENT PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 401(a)(9)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed rule relates to required minimum distributions 
from defined benefit plans and annuity contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108697-02
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6000
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

Related RIN: Related To 1545-AY69, Related To 1545-AY70
RIN: 1545-BA60
_______________________________________________________________________




2490.  ABATEMENT OF INTEREST ON LARGE ERRONEOUS REFUNDS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6404(e)

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This proposed regulation will provide rules which address 
whether the Internal Revenue Service may abate interest on an erroneous 
refund exceeding $50,000 pursuant to I.R.C. section 6404(e) (26 U.S.C. 
6404(e)).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-167500-01
Drafting attorney: David A. Abernathy (202) 622-7940
Reviewing attorney: Richard Goldman (202) 622-7940
CC:P&A:AP JP

Agency Contact: David A. Abernathy, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7940

RIN: 1545-BA61

[[Page 33639]]

_______________________________________________________________________




2491.  MODIFICATION OF TAX SHELTER RULES III

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6011; 26 USC 6111; 26 USC 6112

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

Legal Deadline: None

Abstract: These proposed regulations provide the public with additional 
guidance to comply with the disclosure rules under section 6011(a), the 
registration requirement under section 6111(d), and the list 
maintenance requirement under section 6112 applicable to tax shelters.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103735-00, 103736-00, 110311-98
Drafting attorney: Danielle M. Grimm (202) 622-3043
Reviewing attorney: Christine Ellison (202) 622-3070
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: 202 622-3080

RIN: 1545-BA62
_______________________________________________________________________




2492.  PRIMARY PROFIT MOTIVE UNDER SECTION 165(C)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 165(c)

CFR Citation: 26 CFR 1.165-1(c)

Legal Deadline: None

Abstract: This proposed regulation will clarify that individual 
taxpayers must have a primary profit motive for a transaction resulting 
in a tax loss.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113148-02
Drafting attorney: Glenn N. Bogdonoff (202) 622-4950
Reviewing attorney: Robert M. Casey (202) 622-4950
CC:IT&A

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

RIN: 1545-BA63
_______________________________________________________________________




2493.  ALLOCATION AND APPORTIONMENT RULES: GUIDANCE ON SELECTED 
ISSUES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 863

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance with respect to the 
allocation and apportionment under section 861 of selected deductions, 
e.g., charitable contributions and research and experimentation 
expenses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128240-01
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Anne Devereaux (202) 622-3850
CC:INTL

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

RIN: 1545-BA64
_______________________________________________________________________




2494.  PROVISIONS REGARDING CROSS-BORDER TRANSACTIONS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 368(a)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation will make conforming changes to 
account for cross-border section 368(a)(1)(A) mergers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-125628-01
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles 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-BA65
_______________________________________________________________________




2495.  MODIFICATION OF TAX SHELTER RULES III

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6662; 26 USC 6664

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide the public with guidance needed to 
comply with the exceptions in section 6664 to the penalties for 
negligence or intentional disregard of the rules and regulations and 
substantial understatement of tax under section 6662.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

[[Page 33640]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113434-02
Drafting attorney: Richard S. Goldstein (202) 622-7820
Reviewing attorney: George E. Bowden (202) 622-3400
Treasury attorney: Eric Solomon (202) 622-0868
CC:P&A:AP JP

Agency Contact: Richard S. Goldstein, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7820

RIN: 1545-BA66
_______________________________________________________________________




2496.  MODIFICATION OF TAX SHELTER RULES III (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6662; 26 USC 6664

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations provide the public with guidance 
needed to comply with the exceptions in section 6664 to the penalties 
for negligence or intentional disregard of the rules and regulations 
and substantial understatement of tax under section 6662.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113434-02
Drafting attorney: Richard S. Goldstein (202) 622-7820
Reviewing attorney: George E. Bowden (202) 622-3400
Treasury attorney: Eric Solomon (202) 622-0869
CC:P&A:AP JP

Agency Contact: Richard S. Goldstein, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7820

RIN: 1545-BA67
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2497. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209020-86 (INTL-061-86)
Drafting attorney: Margaret A. Hogan (202) 622-3850
Reviewing attorney: Bethany Ingwalson (202) 622-3850
CC:INTL

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

RIN: 1545-AC09
_______________________________________________________________________




2498. 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                    12/00/02

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: Dirk Suringa (202) 622-1779
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

[[Page 33641]]

_______________________________________________________________________




2499. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
_______________________________________________________________________




2500. 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 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
_______________________________________________________________________




2501. 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 proposed regulation addresses 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
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209365-89 (PS-39-89)
Drafting attorney: Danielle M. Grimm (202) 622-3080
Reviewing attorney: Jeanne Sullivan (202) 622-3080
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: 202 622-3080

RIN: 1545-AN64
_______________________________________________________________________




2502. EARNINGS STRIPPING PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed 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
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209059-89 (INTL-870-89)

[[Page 33642]]

Drafting attorney: Milton M. Cahn (202) 622-3870
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870
CC:INTL

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

RIN: 1545-AO24
_______________________________________________________________________




2503. 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 outside 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
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
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
_______________________________________________________________________




2504. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208245-90 (INTL-115-90)
Drafting attorney: Carl M. Cooper (202) 622-3840
Reviewing attorney: Valerie A. Mark (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
_______________________________________________________________________




2505. INTEREST-FREE ADJUSTMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6205

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Under section 6205(a)(1) of the Code, if less than the 
correct amount of tax imposed under the FICA, the RRTA, or the income 
tax withholding provisions is paid with respect to any payment of wages 
or compensation, proper adjustments with respect to both the tax and 
amount to be deducted must be made without interest in such manner and 
in such times as the Secretary may by regulations prescribe. The 
proposed amendments would add language to clarify that an interest-free 
adjustment can be made in certain situations in which the error is 
ascertained before the appropriate return is filed. The proposed 
amendments are intended to apply only to situations in which no return 
was filed because the employer improperly failed to treat its workers 
as employees.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/10/92                    57 FR 58423
NPRM Comment Period End         02/08/93
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209538-92 (EE-12-92)
Drafting attorney: Karin Loverud (202) 622-6060
Reviewing attorney: Mary Oppenheimer (202) 622-6010
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-AQ61
_______________________________________________________________________




2506. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

[[Page 33643]]

Small Entities Affected: 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
_______________________________________________________________________




2507. ESCROW FUNDS AND OTHER SIMILAR FUNDS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 0468B

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-209619-93 (IA-17-93)
Drafting attorney: Richard Shevark (202) 622-4930
Reviewing attorney: Jeffery G. Mitchell (202) 622-4930
CC:IT&A

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

RIN: 1545-AR82
_______________________________________________________________________




2508. MARK-TO-MARKET UPON DISPOSITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 475

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations address the relationship between mark-to-
market accounting and accrual of stated interest, discount and premium, 
and between mark-to-market accounting and the tax treatment of bad 
debts. Regulations also provide that securities are to be marked to 
market upon disposition by a dealer and the exemption from marking to 
market in certain securitization transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/95                      60 FR 397
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209724-94 (FI-42-94)
Drafting attorney: Robert B. Williams (202) 622-3960
Reviewing attorney: Al Kraft (202) 622-3920
CC:FI&P
Sections 1.475(a)-3 finalized in TD 8700. Sections 1.475(b)-4 finalized 
in TD 8700. Sections 1.475(c)-2 finalized in TD 8700.

Agency Contact: Robert B. Williams, Assistant to Chief, Branch 3, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3960

RIN: 1545-AS85
_______________________________________________________________________




2509. STRADDLES--MISCELLANEOUS ISSUES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This project holds equity swaps to be straddles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/02/95                    60 FR 21482
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209768-95 (FI-21-95)
Drafting attorney: Mary Truchly (202) 622-3960
Reviewing attorney: Robert B. Williams (202) 622-3960
CC:FI&P

Agency Contact: Mary Truchly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3960

RIN: 1545-AT46
_______________________________________________________________________




2510. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 33644]]

Additional Information: REG-209817-96 (FI-10-96)
Drafting attorney: Christina A. Morrison (202) 622-3950
Reviewing attorney: Alice M. Bennett (202) 622-3950
Treasury attorney: Eric Solomon (202) 622-0140
CC:FI&P

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

RIN: 1545-AU19
_______________________________________________________________________




2511. 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; 26 CFR 602

Legal Deadline: None

Abstract: This regulation provides necessary guidance for defining and 
taxing 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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




2512. FASIT--START-UP/OPERATIONAL/TRANSITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301; 26 CFR 1

Legal Deadline: None

Abstract: These regulations will address issues concerning the start-up 
and operation of a Financial Asset Securitization Investment Trust 
(FASIT), and transitional rules for eligible existing entities that 
elect to be treated as a FASIT.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/04/96                    61 FR 56648
ANPRM Comment Period End        12/31/96
NPRM                            02/07/00                     65 FR 5807
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100276-97
Drafting attorney: Courtney Shepardson (202) 622-3930
Reviewing attorneys: Lon Smith (202) 622-3900, Dale Collinson (202) 
622-3900
Treasury attorney: Michael Novey (202) 622-1339
CC:FI&P

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

RIN: 1545-AU94
_______________________________________________________________________




2513. 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
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100841-97
Drafting attorney: Frederick W. Schindler (202) 622-3620
Reviewing attorney: Lawrence Schattner (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-AU97
_______________________________________________________________________




2514. 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                            02/14/01                    66 FR 10249
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 33645]]

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
_______________________________________________________________________




2515. 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 provides guidance for the electronic 
transmission of withholding certificates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/14/97                    62 FR 53504
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107872-97
Drafting attorney: Carl M. Cooper (202) 622-3840
Reviewing attorney: Valerie A. Mark (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
_______________________________________________________________________




2516. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/99                     64 FR 3257
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116826-97
Drafting attorney: Nicole E. Francis (202) 622-4950
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: 202 622-4950

RIN: 1545-AW01
_______________________________________________________________________




2517. MARK-TO-MARKET ACCOUNTING FOR DEALERS IN COMMODITIES AND TRADERS 
IN SECURITIES AND COMMODITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 475; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides 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                    12/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104924-98
Drafting attorney: Stephen J. Coleman (202) 622-3060
Reviewing attorney: Alvin Kraft (202) 622-3920
CC:FI&P

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

RIN: 1545-AW06
_______________________________________________________________________




2518. 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
NPRM Comment Period End         09/10/98
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
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
_______________________________________________________________________




2519. 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

[[Page 33646]]

Abstract: The regulation will provide guidance regarding the operation 
of section 645 of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/18/00                    65 FR 79015
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106542-98
Drafting attorney: Faith Colson (202) 622-3060
Reviewing attorney: J. Thomas Hines (202) 622-3060
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-AW24
_______________________________________________________________________




2520. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110311-98
Drafting attorney: Danielle M. Grimm (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3070
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: 202 622-3080

RIN: 1545-AW26
_______________________________________________________________________




2521. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105964-98
Drafting attorney: Theresa Abell (202) 622-7700
Reviewing attorney: Ken Cohen (202) 622-7790
CC:CORP

Agency Contact: Theresa Abell, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7700

RIN: 1545-AW30
_______________________________________________________________________




2522. 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 of the 
Internal Revenue Code, 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106186-98
Drafting attorney: Reginald Mombrun (202) 622-7750
Reviewing attorney: Mark Jennings (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
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
_______________________________________________________________________




2523. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/17/00                    65 FR 61292
Public Hearing                  02/07/01
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-246249-96
Drafting attorney: Nancy L. Rose (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
Treasury attorney: Jeffrey Paravano (202) 622-1336

[[Page 33647]]

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
_______________________________________________________________________




2524. 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 37727
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113909-98
Drafting attorney: Valerie A. Mark Lippe (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
Treasury attorney: Patrick Brown (202) 622-1754
CC:INTL

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

RIN: 1545-AW63
_______________________________________________________________________




2525. RELIEF FROM JOINT AND SEVERAL LIABILITY ON JOINT RETURN

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6015

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106446-98
Drafting attorney: Charles A. Hall (202) 622-4940
Reviewing attorney: Judith M. Wall (202) 622-4940
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:P&A:APJP

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

RIN: 1545-AW64
_______________________________________________________________________




2526. EDUCATION CREDITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 25

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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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: 202 927-9248

RIN: 1545-AW65
_______________________________________________________________________




2527. INFORMATION REPORTING FOR PAYMENTS OF INTEREST ON EDUCATION LOANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6050

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The regulations 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                    12/00/02

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: 202 927-9248

RIN: 1545-AW67

[[Page 33648]]

_______________________________________________________________________




2528. 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: The regulations modify the Unified Partnership Audit 
Procedures based on statutory changes enacted in 1997 and 1998. As part 
of this project, all of the Unified Partnership Audit Procedure 
regulations will be finalized.

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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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: Deborah Harrington (202) 622-1788
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
_______________________________________________________________________




2529. 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                    12/00/02

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: Lawrence Schattner (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
_______________________________________________________________________




2530. 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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations implement provisions of the Tax Reform Act 
of 1986 relating to certain property transfers to Regulated Investment 
Companies (RICs) and Real Estate Investment Trusts (REITs).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/03/00                     65 FR 5805
Comment Period Ends             04/19/00
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209135-88
Drafting attorney: Lisa A. Fuller (202) 622-7750
Reviewing attorney: Mark Jennings (202) 622-7750
Treasury attorney: Deborah Harrington (202) 622-1788
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
_______________________________________________________________________




2531. TRANSFER OF REMIC RESIDUAL INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/07/00                     65 FR 5807
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122450-98
Drafting attorney: Courtney Shepardson (202) 622-3930
Reviewing attorneys: David Silber (202) 622-3930
 Dale Collinson (202) 622-3900
Treasury attorney: Michael Novey (202) 622-1339
CC:FI&P

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

RIN: 1545-AW98
_______________________________________________________________________




2532. QUALIFIED OFFERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

[[Page 33649]]

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to 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                    12/00/02

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 attorneys: Henry Schneiderman (202) 622-7820
 Susan T. Mosley (202) 622-7940
Treasury attorney: Rita Cavanaugh (202) 622-1981
CC:PA:APJP

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
_______________________________________________________________________




2533. 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) of 
the Internal Revenue Code, concerning third-party contacts. The 
Restructuring and Reform Act of 1998, section 3417(a), created a new 
section 7602(c), which provides that the IRS may not contact third 
parties with respect 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104906-99
Drafting attorney: Charles B. Christopher (202) 622-3630
Reviewing attorney: Robert A. Miller (202) 622-3630
CC:P&A:CB&S

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

RIN: 1545-AX04
_______________________________________________________________________




2534. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-105606-99
Drafting attorney: Lisa Shuman (202) 622-3120
Reviewing attorney: Leslie Finlow (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
_______________________________________________________________________




2535. DELAY RENTAL PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 263

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
_______________________________________________________________________




2536. CHANGE OF ANNUAL ACCOUNTING PERIOD

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 442

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation states under what circumstances taxpayers 
should be allowed to change their annual accounting period, either on 
an automatic basis, or with the prior approval of the Commissioner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/01                    66 FR 31850
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

[[Page 33650]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106917-99
Drafting attorney: Michael F. Schmit (202) 622-4960
Reviewing attorney: Roy Hirschhorn (202) 622-4960
Treasury attorney: Christine Turgeon (202) 622-0865
CC:IT&A

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

RIN: 1545-AX15
_______________________________________________________________________




2537. 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 of 
the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/05/00                    65 FR 17829
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107872-99
Drafting attorney: Craig A. Gerson (202) 622-3050
Reviewing attorney: Matthew Lay (202) 622-3060
CC:P&SI

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

RIN: 1545-AX18
_______________________________________________________________________




2538. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/10/00                    65 FR 60136
Public Hearing                  01/23/01
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105235-99
Drafting attorney: Sara P. Shepherd (202) 622-4960
Reviewing attorney: George Baker (202) 622-4960
Treasury attorney: Elizabeth Askey (202) 622-0224
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: 202 622-4960

RIN: 1545-AX28
_______________________________________________________________________




2539. SPECIAL RULES FOR RETROACTIVE PAYMENTS UNDER SECTION 417(A)(7)(A) 
FOR QUALIFIED RETIREMENT PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 417; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance regarding the special rule 
in IRC section 417(a)(7)(A), which permits qualified retirement plans 
to provide written explanation of QJSA after the annuity starting date.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3916
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-109481-99
Drafting attorney: Robert M. Walsh (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6000
CC:TEGE

Agency Contact: Robert M. Walsh, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090

RIN: 1545-AX34
_______________________________________________________________________




2540. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110385-99
Drafting attorney: Aaron A. Farmer (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL

Agency Contact: Aaron A. Farmer, Attorney-Advisor, Department of the

[[Page 33651]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3860

RIN: 1545-AX39
_______________________________________________________________________




2541. 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 arising in another 
consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/26/00                    65 FR 57755
Final Action                    12/00/02

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
Reviewing attorney: Gerald B. Fleming (202) 622-7770
Treasury attorney: Stephanie Robinson (202) 622-9858
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

RIN: 1545-AX56
_______________________________________________________________________




2542. EQUITY OPTIONS WITH FLEXIBLE TERMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance about qualified covered 
call treatment for equity options with flexible terms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/01                     66 FR 4751
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-115560-99
Drafting attorney: Pamela Lew (202) 622-3950
Reviewing attorney: Robert B. Williams (202) 622-3960
Treasury attorney: Viva Hammer (202) 622-0869
CC:FI&P

Agency Contact: Pamela Lew, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3950
Fax: 202 622-5699

RIN: 1545-AX66
_______________________________________________________________________




2543. 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 section 72(p) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/31/00                    65 FR 46677
Hearing                         12/06/00
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116495-99
Drafting attorney: Vernon Carter (202) 622-6070
Reviewing attorney: Catherine Fernandez (202) 622-6090
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
_______________________________________________________________________




2544. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
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

[[Page 33652]]

_______________________________________________________________________




2545. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-101739-00
Drafting attorney: Camille B. Evans (202) 622-3860
Reviewing attorney: Charles P. Besecky (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
_______________________________________________________________________




2546. 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 
of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/02/00                    65 FR 11271
Hearing                         06/20/00
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103736-00
Drafting attorney: Danielle M. Grimm (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3080
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: 202 622-3080

RIN: 1545-AX79
_______________________________________________________________________




2547. 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 of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/02/00                    65 FR 11269
Public Hearing                  06/20/00                    65 FR 11270
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103735-00
Drafting attorney: Danielle M. Grimm (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3080
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: 202 622-3080

RIN: 1545-AX81
_______________________________________________________________________




2548. 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 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103320-00
Drafting attorney: Joseph E. Conley (202) 622-4580
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: 202 622-4580

RIN: 1545-AX85
_______________________________________________________________________




2549. APPLICATION OF SEPARATE FOREIGN TAX CREDIT LIMITATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 904; 26 USC 7805

[[Page 33653]]

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies the application of separate foreign 
tax credit limitations under sections 904(b) and 904(d) of the Code and 
revises the rules for computing post-1986 undistributed earnings and 
taxes of foreign corporations under section 902 of the Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/03/01                      66 FR 319
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104683-00
Drafting attorney: Bethany Ingwalson (202) 622-3850
Reviewing attorney: Barbara A. Felker (202) 622-3850
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

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

RIN: 1545-AX88
_______________________________________________________________________




2550. 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
Final Action                    12/00/02

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: David R. Haglund (202) 622-3050
Treasury attorney: Stephanie Robinson (202) 622-9858
CC:P&SI

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

RIN: 1545-AX94
_______________________________________________________________________




2551. 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 of the 
Internal Revenue Code, 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                    12/00/02

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
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
_______________________________________________________________________




2552. CONSTRUCTIVE TRANSFERS AND 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 regulation will provide rules for determining when a 
redemption by a corporation of the stock of one spouse or former spouse 
results in a constructive transfer to the other spouse or former spouse 
of the proceeds of the redemption.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/03/01                    66 FR 40659
Final Action                    12/00/02

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
_______________________________________________________________________




2553. 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: This regulation amends the rules governing practice before 
the IRS, which appears in the Code of Federal Regulations and in 
pamphlet form as Treasury Department Circular No. 230, Regulations 
Governing the Practice of Attorneys, Certified Public Accountants, 
Enrolled Agents, Enrolled Actuaries, and Appraisers Before the IRS. The 
regulation addresses general standards of practice and standards of 
practice in the case of tax shelters.

[[Page 33654]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

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) 622-7820
Treasury attorney: Julian Kim (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-AY05
_______________________________________________________________________




2554. ``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                    12/00/02

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
_______________________________________________________________________




2555. 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                            02/16/01                    66 FR 10643
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105946-00
Drafting attorney: John M. Aramburu (202) 622-4960
Reviewing attorney: J. Charles Strickland (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
_______________________________________________________________________




2556. HIPAA GENERAL NONDISCRIMINATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: These regulations provide guidance regarding the requirements 
imposed on group health plans not to discriminate in rules for 
eligibility under the plan on the basis of any health factor, and not 
to require any individual to pay a higher premium or contribution for 
coverage under the plan than any similarly situated individual based on 
any health factor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1435
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-114082-00
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-AY32
_______________________________________________________________________




2557. HIPAA NONDISCRIMINATION/EXCEPTION FOR CHURCH PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7853

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on the exception for 
certain grandfathered church plans from the general rule requiring 
group health plans not to discriminate in rules for eligibility on the 
basis of any health factor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/01                     66 FR 1437
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114083-00

[[Page 33655]]

Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawnshunsky (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-AY33
_______________________________________________________________________




2558. HIPAA NONDISCRIMINATION/BONA FIDE WELLNESS PROGRAMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance regarding the exception 
for certain wellness programs to the general rule imposed on group 
health plans not to require a higher premium or contribution from an 
individual than from a similarly situated individual based on any 
health factor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1421
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114084-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawnshunsky (202) 622-6080
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-AY34
_______________________________________________________________________




2559. GUIDANCE UNDER SECTION 355(E); RECOGNITION OF GAIN ON CERTAIN 
DISTRIBUTIONS OF STOCK OF SECURITIES IN CONNECTION WITH AN ACQUISITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 355(e)(5)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: On January 2, 2001, a notice of proposed rulemaking was 
published in the Federal Register (REG-107566-00; 66 FR 66) under 
section 355(e) of the Internal Revenue Code of 1986. A public hearing 
regarding those proposed regulations was held on May 15, 2001. On 
August 3, 2001, those proposed regulations were published as temporary 
regulations in the Federal Register (REG-107566-00). This notice of 
proposed rulemaking will both withdraw the notice of proposed 
rulemaking that was published on January 2, 2001 and provide new rules 
under section 355(e) of the Internal Revenue Code of 1986 by cross-
reference to temporary regulations to be published in the same issue of 
the Federal Register.
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
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-163892-01
Drafting attorney: Amber R. Cook (202) 622-7530
Reviewing attorney: Stephen P. Fattman (202) 622-7700
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

Agency Contact: Amber R. Cook, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7530

RIN: 1545-AY42
_______________________________________________________________________




2560. 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 partner's distributive 
share of subpart F income.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/20/00                    65 FR 56836
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: None

Additional Information: REG-112502-00
Drafting attorney: Jonathan A. Sambur (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
Treasury attorney: Patrick Brown (202) 622-1754
CC:INTL

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

RIN: 1545-AY45
_______________________________________________________________________




2561. ELECTRONIC FURNISHING OF PAYEE STATEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6050; 26 USC 6051; 26 USC 6041; 26 USC 6724

CFR Citation: 26 CFR 1; 26 CFR 31

Legal Deadline: None

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

[[Page 33656]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/14/01                    66 FR 10247
NPRM Comment Period End         07/06/01                    66 FR 32279
Public Hearing                  07/25/01                    66 FR 32279
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Additional Information: REG-107186-00
Drafting attorney: James C. Gibbons (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJP

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

RIN: 1545-AY50
_______________________________________________________________________




2562. 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                    12/00/02

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
_______________________________________________________________________




2563. 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) of 
the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/12/01                     66 FR 2852
Cancelled Public Hearing        05/23/01                    66 FR 28407
Public Hearing                  05/30/01
Final Action                    12/00/02

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
_______________________________________________________________________




2564. 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                         06/21/01
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126100-00
Drafting attorney: Kate Y. Hwa (202) 622-3840
Reviewing attorney: Valerie A. Mark (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
_______________________________________________________________________




2565. SECTION 706 AND FOREIGN PARTNERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

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
Final Action                    12/00/02

[[Page 33657]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104876-00
Drafting attorney: Daniel Carmody (202) 622-3080
Reviewing attorney: Jeanne Sullivan (202) 622-3070
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
_______________________________________________________________________




2566. 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                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-209461-79
Drafting attorney: Janet Laufer (202) 622-6090
Reviewing attorney: Harry Beker (202) 622-6080
CC:TEGE

Agency Contact: Janet A. Laufer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090
Fax: 202 622-4084

RIN: 1545-AY67
_______________________________________________________________________




2567. 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
Final Action                    12/00/02

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
_______________________________________________________________________




2568. 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 regulation 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
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

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
_______________________________________________________________________




2569. DISCLOSURE OF RETURNS AND RETURN INFORMATION BY OTHER AGENCIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

[[Page 33658]]

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                            12/17/01                    66 FR 64386
Final Action                    12/00/02

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
_______________________________________________________________________




2570. RESEARCH CREDIT III

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 41

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation relates to the computation of the 
research credit under section 41(c) and the definition of the qualified 
research under section 41(d) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/26/01                    66 FR 66362
Hearing                         03/27/02
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-112991-01
Drafting attorney: Lisa Shuman (202) 622-3120
Reviewing attorneys: Christine Ellison (202) 622-3070
 Leslie Finlow (202) 622-3120
Treasury attorney: Chris Ohmes (202) 622-1335
CC:PS&I

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-AY82
_______________________________________________________________________




2571. NEW MARKET TAX CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 45D; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to the new markets tax credit under 
section 45D, which was enacted by section 121(a) of the Community 
Renewal Tax Relief Act of 2000 (Pub. L. 106-554).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/01/01                    66 FR 21844
NPRM                            12/26/01                    66 FR 66376
Public Hearing                  03/14/02
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-119436-01
Drafting attorney: Paul F. Handleman (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: Steve Watson (202) 622-1322
CC:P&SI

Agency Contact: Paul F. Handleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753

RIN: 1545-AY87
_______________________________________________________________________




2572. GUIDANCE UNDER IRC SECTION 4374

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 4374

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation is intended to amend Treasury Regulation 
section 46.4374-1(a), which deals with an excise tax imposed on foreign 
insurers or reinsurers. The existing regulation was published in 1970 
and provides that the ``tax shall be remitted by the person who makes 
the payment of the premium to a foreign insurer or reinsurer or to any 
nonresident agent, solicitor, or broker. For purposes of this 
paragraph, the person who makes payment means that resident person who 
actually transfers the money, check, or its equivalent to the foreign 
insurer or reinsurer (including transfers to any bank, trust fund, or 
similar recipient, designated by the foreign insurer or reinsurer), or 
to any nonresident agent, solicitor, or broker.'' In 1976, I.R.C. 
section 4374 was amended to impose liability on ``any person who makes, 
signs, issues, or sells any of the documents and instruments subject to 
the tax, or for whose use or benefit the same are made, signed, issued 
or sold.'' For example, there have been cases recently where a foreign 
parent corporation has purchased from a foreign insurer policies 
covering risks and policies for the benefit of a U.S. subsidiary. The 
IRS often has no ability to collect the excise tax on such a policy 
from the foreign parent, and the U.S. subsidiary has relied on the 
existing regulation to argue that the IRS may not collect the tax from 
the subsidiary, because it did not actually pay the premium to the 
foreign insurer.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/07/02                      67 FR 708
NPRM Comment Period End         02/26/02
Final Action                    12/00/02

[[Page 33659]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-125450-01
Drafting attorney: Amanda A. Ehrlich (202) 622-3880
Reviewing attorney: W. Edward Williams (202) 622-3880
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

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

RIN: 1545-AY93
_______________________________________________________________________




2573. CONFORMING AMENDMENTS TO SECTION 446

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 446; 26 USC 1502

CFR Citation: 26 CFR 446

Legal Deadline: None

Abstract: The proposed regulation is related to the treatment of the 
consolidated return intercompany transaction rules as a method of 
accounting.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/07/01                    66 FR 56262
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125161-01
Drafting attorney: Marie C. Milnes-Vasquez (202) 622-7770
Reviewing attorney: Edward Cohen (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

Agency Contact: Marie Milnes-Vasquez, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BA05
_______________________________________________________________________




2574. CONSOLIDATED RETURNS; NON-APPLICABILITY OF SECTION 357(C)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations make amendments to section 1.1502-
80(d) of the consolidated return regulations dealing with the scope of 
the non-applicability of section 357(c) in a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/14/01                    66 FR 57021
Public Hearing                  03/21/02
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-137519-01
Drafting attorney: Thomas I. Russell (202) 622-7930
Reviewing attorney: Al Bishop (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

Agency Contact: Thomas I. Russell, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7930

RIN: 1545-BA09
_______________________________________________________________________




2575. CATCH-UP CONTRIBUTIONS FOR INDIVIDUALS AGE 50 OR OVER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: None

Legal Deadline: None

Abstract: The proposed regulations would provide guidance for plans 
that permit individuals age 50 or over to make catch-up contributions 
under the plan.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/23/01                    66 FR 53555
Public Hearing                  04/30/02                     67 FR 7656
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-142499-01
Drafting attorney: John T. Ricotta (202) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6060
Treasury attorney: Elizabeth Drigotas (202) 622-1332
CC:TEGE

Agency Contact: John T. Ricotta, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-BA24
_______________________________________________________________________




2576.  TRANSFERS OF C CORPORATION PROPERTY TO RICS OR REITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 337

CFR Citation: 26 CFR 337; 26 CFR 7805

Legal Deadline: None

Abstract: These regulations implement provisions of the Tax Reform Act 
of 1986 relating to Certain Property TransferS to Regulated Investment 
Companies (RICs) and Real Estate Investment Trusts (REITs).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/02                       67 FR 48
Comment Period End              04/20/02
Public Hearing                  05/01/02                     67 FR 1672
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-142299-01
Drafting attorney: Lisa A. Fuller (202) 622-7750
Reviewing attorney: Mark S. Jennings (202) 622-7750

[[Page 33660]]

Treasury attorney: Deborah Harrington (202) 622-1788
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-BA36
_______________________________________________________________________




2577.  WITHHOLDING AT TREATY RATE EXCEPTION FOR TAXPAYER IDENTIFYING 
NUMBER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1441

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the taxpayer identifying number 
rule when taxpayer claims treaty rate and is entitled to an immediate 
payment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/02                     67 FR 2387
Final Action                    12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159079-01
Drafting attorney: Jonathan A. Sambur (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
Treasury attorney: Patrick Brown (202) 622-1754
CC:INTL

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

RIN: 1545-BA38
_______________________________________________________________________




2578.  GUIDANCE UNDER SECTION 355(E); RECOGNITION OF GAIN ON CERTAIN 
DISTRIBUTIONS OF STOCK OR SECURITIES IN CONNECTION WITH AN AQUISITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 355(e)(5)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations relating to the recognition of 
gain on certain distribution of stock or securities in connection with 
an acquisition will withdraw previously published temporary regulations 
(REG-107566-0); 66 FR 40590), and provide new rules under section 
355(e) of the Internal Revenue Code of 1986.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163892-01
Drafting attorney: Amber R. Cook (202) 622-7530
Reviewing attorney: Stephen P. Fattman (202) 622-7700
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP

Agency Contact: Amber R. Cook, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7530

RIN: 1545-BA55
_______________________________________________________________________




2579.  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: Temporary rule on disclosure of telephone number from Form 
1040/Schedule F to officers and employees of the Department of 
Agriculture for certain statistical purposes and related activities 
pursuant to section 6103(j)(5).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-156293-01
Drafting attorney: Joseph E. Conley (202) 622-4580
Reviewing attorney: David L. Fish (202) 622-4580
Treasury attorney: Elizabeth Askey (202) 622-0224
CC:P&A:DP&L

Agency Contact: Joseph E. Conley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4580

RIN: 1545-BA56
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2580. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: W. Edward Williams
Phone: 202 622-3880

RIN: 1545-AC10

[[Page 33661]]

_______________________________________________________________________




2581. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Douglas L. Giblen
Phone: 202 874-1490

RIN: 1545-AI16
_______________________________________________________________________




2582. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amanda A. Ehrlich
Phone: 202 622-3880

RIN: 1545-AJ93
_______________________________________________________________________




2583. FOREIGN INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Steven D. Jensen
Phone: 202 622-3870

RIN: 1545-AL82
_______________________________________________________________________




2584. 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

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AL93
_______________________________________________________________________




2585. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AM11
_______________________________________________________________________




2586. COMPUTATION OF A BRANCH'S TAXABLE INCOME; TAXATION OF EXCHANGE 
GAIN OR LOSS ON BRANCH REMITTANCES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/91                    56 FR 48457


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kenneth P. Christman
Phone: 202 622-3870

RIN: 1545-AM12
_______________________________________________________________________




2587. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/90                     55 FR 2535


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-AM90
_______________________________________________________________________




2588. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: W. Edward Williams
Phone: 202 622-3880

RIN: 1545-AM91
_______________________________________________________________________




2589. SECTION 361 OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Aaron A. Farmer
Phone: 202 622-3860

RIN: 1545-AM97

[[Page 33662]]

_______________________________________________________________________




2590. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jean Marie Casey
Phone: 202 622-6060

RIN: 1545-AN40
_______________________________________________________________________




2591. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Martin Scully
Phone: 202 622-4960

RIN: 1545-AN73
_______________________________________________________________________




2592. 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

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AO22
_______________________________________________________________________




2593. TAXATION OF GLOBAL TRADING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kenneth P. Christman
Phone: 202 622-3870

RIN: 1545-AP01
_______________________________________________________________________




2594. INFORMATION REPORTING AND RECORD MAINTENANCE UNDER SECTION 6038C

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Garrett D. Gregory
Phone: 202 622-3870

RIN: 1545-AP10
_______________________________________________________________________




2595. CHARITABLE CONTRIBUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Teresa B. Hughes
Phone: 202 622-3850

RIN: 1545-AP30
_______________________________________________________________________




2596. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa K. Leong
Phone: 202 622-7530

RIN: 1545-AP52
_______________________________________________________________________




2597. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-AQ55
_______________________________________________________________________




2598. 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

[[Page 33663]]

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AQ70
_______________________________________________________________________




2599. INTEGRATED FINANCIAL TRANSACTION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kenneth P. Christman
Phone: 202 622-3870

RIN: 1545-AR20
_______________________________________________________________________




2600. SECTION 6048 REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karen Rennie Quarrie
Phone: 202 622-3880

RIN: 1545-AR25
_______________________________________________________________________




2601. APPLICATIONS OF SECTION 1503(D) TO PARTNERSHIPS AND OTHER ITEMS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AR26
_______________________________________________________________________




2602. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Janet A. Laufer
Phone: 202 622-6090
Fax: 202 622-4084

RIN: 1545-AT82
_______________________________________________________________________




2603. PROPOSED REGULATION UNDER SECTIONS 882 AND 884

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/96                     61 FR 9377


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kenneth P. Christman
Phone: 202 622-3870

RIN: 1545-AT96
_______________________________________________________________________




2604. 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

Small Entities Affected: 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
_______________________________________________________________________




2605. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mark S. Smith
Phone: 202 622-3970

RIN: 1545-AU49
_______________________________________________________________________




2606. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: W. Edward Williams
Phone: 202 622-3880

RIN: 1545-AU91
_______________________________________________________________________




2607. 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

[[Page 33664]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bruce M. Serchuk
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AU98
_______________________________________________________________________




2608. 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

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Cathy A. Vohs
Phone: 202 622-6090

RIN: 1545-AV82
_______________________________________________________________________




2609. FOREIGN TAX CREDIT ANTI-ABUSE REGULATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bethany Ingwalson
Phone: 202 622-3850

RIN: 1545-AV97
_______________________________________________________________________




2610. SECTION 988--CONTINGENT DEBT INSTRUMENT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AW33
_______________________________________________________________________




2611. SOURCE OF INCOME FROM CERTAIN SPACE AND 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                         05/23/01                    66 FR 12916


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Edward R. Barret
Phone: 202 874-1490

RIN: 1545-AW50
_______________________________________________________________________




2612. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rose M. Weber
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AX22
_______________________________________________________________________




2613. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bruce M. Serchuk
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AX55
_______________________________________________________________________




2614. STOCK TRANSFER RULES: CARRYOVER OF EARNINGS AND TAXES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/15/00                    65 FR 69138
Final Action                    06/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Bethany Ingwalson
Phone: 202 622-3850

RIN: 1545-AX65
_______________________________________________________________________




2615. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION 
1297

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marc Korab
Phone: 202 622-3840

RIN: 1545-AX78
_______________________________________________________________________




2616. HIPAA PORTABILITY

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 54

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/08/97                    62 FR 16977
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

[[Page 33665]]

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6080

RIN: 1545-AX84
_______________________________________________________________________




2617. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mary Truchly
Phone: 202 622-3960

RIN: 1545-AX92
_______________________________________________________________________




2618. HEDGING TRANSACTIONS UNDER SECTION 1221(A)(7) AND SECTION 446

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/01                     66 FR 4738


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Elizabeth Handler
Phone: 202 622-3940

RIN: 1545-AY02
_______________________________________________________________________




2619. GUIDANCE UNDER SECTION 894

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: Karen Rennie Quarrie
Phone: 202 622-3880

RIN: 1545-AY13
_______________________________________________________________________




2620. ACTIVE CONDUCT OF AN INSURANCE BUSINESS UNDER PFIC RULES

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

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: Mark R. Pollard
Phone: 202 622-3860

RIN: 1545-AY20
_______________________________________________________________________




2621. DISALLOWANCE OF DEDUCTIONS AND CREDITS FOR FAILURE TO FILE TIMELY 
RETURN

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/02                     67 FR 4217
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Nina E. Chowhdry
Phone: 202 622-3880

RIN: 1545-AY26
_______________________________________________________________________




2622. SECTION 367(D) REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Eliana D. Dolgoff
Phone: 202 622-3860

RIN: 1545-AY41
_______________________________________________________________________




2623. SPECIAL RULES FOR S CORPORATIONS UNDER SECTION 301.7701(B)-7

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 601

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

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

RIN: 1545-AY44
_______________________________________________________________________




2624. REQUIRED DISTRIBUTIONS FROM RETIREMENT PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 54

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3928


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cathy A. Vohs
Phone: 202 622-6090

RIN: 1545-AY70
_______________________________________________________________________




2625. OBLIGATION OF STATES AND POLITICAL SUBDIVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/01                     66 FR 4754


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

[[Page 33666]]

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local

Agency Contact: Rose M. Weber
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-AY71
_______________________________________________________________________




2626. TREATMENT OF COMMUNITY INCOME FOR CERTAIN INDIVIDUALS NOT FILING 
JOINT RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/02                     67 FR 2841
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robin M. Tuczak
Phone: 202 622-4940

RIN: 1545-AY83
_______________________________________________________________________




2627. SECTION 1441 PROPOSED REGULATION (PROMULGATES NOTICES 2000-4 AND 
2000-11)

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

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Laurie M. Hatten-Boyd
Phone: 202 622-3840

RIN: 1545-AY92
_______________________________________________________________________




2628. PROPOSED REGULATION FOR PROCUREMENT/PURCHASING CARD REPORTING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: Donna J. Welch
Phone: 202 622-4910
Fax: 202 927-9248

RIN: 1545-BA17
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2629. EFFECT OF THE FAMILY AND MEDICAL LEAVE ACT ON THE OPERATION OF 
CAFETERIA PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8966                            10/17/01                    66 FR 52675

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Shoshanna Chaiton
Phone: 202 622-6080

RIN: 1545-AT47
_______________________________________________________________________




2630. AVERAGING OF FARM INCOME

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8972                            01/08/02                      67 FR 817

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Amy J. Pfalzgraf
Phone: 202 622-7900

RIN: 1545-AW05
_______________________________________________________________________




2631. ALLOCATION OF LOSS ON DISPOSITION OF PERSONAL PROPERTY

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8973                            12/28/01                    66 FR 67081

Regulatory Flexibility Analysis Required: Yes

Government Levels Affected: None

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

RIN: 1545-AW09
_______________________________________________________________________




2632. PAYMENT OF TAXES BY CREDIT CARD AND DEBIT CARD

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8969                            12/14/01                      66 FR 740

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Brinton T. Warren
Phone: 202 622-4940

RIN: 1545-AW37
_______________________________________________________________________




2633. CONVERSION TO THE EURO

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8927                            01/11/01                     66 FR 8927

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John W. Rogers
Phone: 202 622-3870

RIN: 1545-AW43

[[Page 33667]]

_______________________________________________________________________




2634. NOTICE AND OPPORTUNITY FOR HEARING BEFORE LEVY

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8980                            01/18/02                     67 FR 2549

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AW90
_______________________________________________________________________




2635. NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF LIEN

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8979                            01/18/02                     67 FR 2558

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AW91
_______________________________________________________________________




2636. DOLLAR-VALUE LIFO REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8976                            01/09/02                     67 FR 1075

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Leo F. Nolan
Phone: 202 622-4970

RIN: 1545-AX20
_______________________________________________________________________




2637. CHECK THE BOX REGULATIONS--AMENDMENT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8970                            12/17/01                    66 FR 64911

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Beverly Katz
Phone: 202 622-3050

RIN: 1545-AY16
_______________________________________________________________________




2638. DISQUALIFIED PERSONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8982                            02/01/02                     67 FR 4907

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Brendan O'Hara
Phone: 202 622-7900

RIN: 1545-AY19
_______________________________________________________________________




2639. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8964                            09/27/01                    66 FR 49278

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Douglas C. Bates
Phone: 202 622-7550

RIN: 1545-AY55
_______________________________________________________________________




2640. EXCISE TAXES ON EXCESS BENEFIT TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 53; 26 CFR 301; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8978                            01/23/02                     67 FR 3076

Regulatory Flexibility Analysis Required: Yes

Government Levels Affected: None

Agency Contact: Phyllis D. Haney
Phone: 202 622-4290

RIN: 1545-AY65
_______________________________________________________________________




2641. DISCLOSURE OF RETURNS AND RETURN INFORMATION BY OTHER AGENCIES 
(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8968                            12/13/01                    66 FR 64351

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Julie C. Schwartz
Phone: 202 622-4570

RIN: 1545-AY78
_______________________________________________________________________




2642. AMENDMENT TO THE DEFINITION OF PRIVATE BUSINESS USE APPLICABLE TO 
TAX-EXEMPT BONDS ISSUED BY STATE AND LOCAL GOVERNMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8967                            11/20/01                    66 FR 58061

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local

Agency Contact: Michael P. Brewer
Phone: 202 622-3980

RIN: 1545-AY88

[[Page 33668]]

_______________________________________________________________________




2643. CERTAIN PROPERTY TRANSFER TO REGULATED INVESTMENT COMPANIES (RICS) 
AND REAL ESTATE INVESTMENT TRUSTS (REITS)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/02                       67 FR 48
Final Action Completed by TD 
8975                            01/02/02                        67 FR 8

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa A. Fuller
Phone: 202 622-7750

RIN: 1545-BA21
_______________________________________________________________________




2644.  WITHHOLDING AT TREATY RATE EXCEPTION FOR TAXPAYER IDENTIFYING 
NUMBER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1441

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the taxpayer identifying rule 
where taxpayer claims treaty rate and is entitled to an immediate 
payment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8977                            01/17/02                     67 FR 2327

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159079-01
Drafting attorney: Johathan A. Sambur (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
Treasury attorney: Patrick Brown (202) 622-1754
CC:INTL

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

RIN: 1545-BA39
_______________________________________________________________________




2645.  DISALLOWANCE OF DEDUCTIONS AND CREDITS FOR FAILURE TO FILE 
TIMELY RETURN

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This document reviews and 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

________________________________________________________________________

Final Action Completed by TD 
8981                            01/29/02                     67 FR 4173

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BA40
_______________________________________________________________________




2646.  SPECIAL FORM 720 FILING RULE FOR ELIGIBLE AIR CARRIERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6071

CFR Citation: 26 CFR 40.6071(a)-3

Legal Deadline: None

Abstract: These regulations relate to the time for filing the quarterly 
return required under section 40.6011(a)-1(a)(2) for the third calendar 
quarter 2001 in the case of eligible air carriers reporting air 
transportation excise taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8983                            02/06/02                     67 FR 5471

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-162288-01
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-BA42
_______________________________________________________________________




2647.  PROPOSED AMENDMENT TO SECTION 6050I CROSS-REFERENCING SECTION 
5331 OF TITLE 31

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6050I

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation amends the regulations to cross-reference 
section 5331 of title 31.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8974                            12/31/01                    66 FR 67687

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-166992-01
Drafting attorney: Tiffany P. Smith (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
Treasury attorney: Richard Carro (202) 622-1146

[[Page 33669]]

CC:P&A:APJP

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

RIN: 1545-BA48
_______________________________________________________________________




2648.  NEW MARKETS TAX CREDIT (TEMP)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 450

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The temporary regulations will provide guidance to taxpayers 
claiming the new markets tax credit under section 45D.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8971                            12/26/01                    66 FR 66307

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-119436-01
Drafting attorney: Paul F. Handleman (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: Steven Watson (202) 622-1322
CC:PS&I

Agency Contact: Paul F. Handleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753

RIN: 1545-BA49
_______________________________________________________________________




2649.  LOSS LIMITATION RULES (TEMP)

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulations provide guidance on the treatment of certain 
losses recognized on sales of subsidiary stock by members of a 
consolidated group under section 337(d) and section 1502 of the 
Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
8984                            03/12/02                    67 FR 11034

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-102740-02
Drafting attorney: Lola L. Johnson (202) 622-7550
Reviewing attorney: Sean P. Duffley (202) 622-7770
CC:CORP

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

RIN: 1545-BA51
BILLING CODE 4830-01-S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2650. 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 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 jointly issued a final rule that treats recourse 
obligations and direct credit substitutes consistently. The rule also 
adds new standards for the treatment of residual interests, including a 
concentration limit for credit-enhancing interest only strips. In 
addition, the rule varies the risk-based capital requirement for 
positions in securitized asset transactions according to relative risk 
exposure.
The agencies issued an advance notice of proposed rulemaking developing 
a simplified capital adequacy framework for small, non-complex 
institutions. Based on this ANPRM, the agencies plan to issue a 
proposed rule modifying the capital adequacy framework for domestic 
institutions that are not subject to the Basel Accord. Also, the 
agencies may issue an ANPRM or proposed rule addressing the treatment 
of assets under management in asset securitizations. Finally, the 
agencies will shortly issue a final 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 04/09/02 (67 FR 16971)

Managed Assets  ANPRM 09/00/02

Modified Domestic Capital Framework (Simplified Capital Adequacy 
Framework for Small, Non-Complex Institutions)  ANPRM 11/03/00 (65 FR 
66193)  ANPRM Comment Period End 02/01/01  NPRM 12/00/02

[[Page 33670]]

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 11/29/01 (66 FR 59614)

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 for Capital Policy, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6669

RIN: 1550-AB11
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2651. 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; 12 CFR 575

Legal Deadline: None

Abstract: OTS 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 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.
OTS will publish a revised NPRM seeking comments on developing issues 
since the original NPRM.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/12/00                    65 FR 43092
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
Second NPRM                     04/09/02                    67 FR 17228
Second NPRM Comment Period End  05/09/02

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

RIN: 1550-AB24
_______________________________________________________________________




2652. FAIR CREDIT REPORTING

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 
12 USC 1828; ...

CFR Citation: 12 CFR 571

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 would permit 
institutions to share ``other information'' with affiliates without 
becoming consumer reporting agencies (affiliate sharing). The proposed 
regulations would specify 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                     06/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: 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

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

RIN: 1550-AB33

[[Page 33671]]

_______________________________________________________________________




2653. RECORDKEEPING AND CONFIRMATION REQUIREMENTS FOR SECURITIES 
TRANSACTIONS; FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 550; 12 CFR 551

Legal Deadline: None

Abstract: OTS plans to issue a proposed rule adopting new recordkeeping 
and confirmation requirements for securities transactions. This rule 
would afford thrift customers the same protections and disclosures as 
bank customers; ensure that OTS examiners will be able to evaluate a 
thrift's compliance with securities laws and to assess whether thrifts 
effect securities transactions safely and soundly; and provide savings 
associations with formal guidance for effecting securities 
transactions. OTS also will amend its regulations governing the 
fiduciary powers of Federal savings associations to codify recent OTS 
interpretive letters and make other changes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/02

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

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

Judi McCormick, Trust Specialist, Supervision Policy, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-5636

RIN: 1550-AB49
_______________________________________________________________________




2654. ALTERNATIVE MORTGAGE TRANSACTION PARITY ACT; PREEMPTION

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 affecting 
residential mortgage lending, including rules implementing the 
Alternative Mortgage Transaction Parity Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/25/02                    67 FR 20468
NPRM Comment Period End         06/24/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

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

Agency Contact: Theresa A. Stark, Project Manager, Compliance Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-7054

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

RIN: 1550-AB51
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2655. 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 will issue a rule finalizing its NPRM 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
Final Rule                      06/00/02

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 for Capital Policy, Supervision 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

[[Page 33672]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2656. DIRECTORS AND OFFICERS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 545; 12 CFR 563

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robyn Dennis
Phone: 202 906-5751

Sally Watts
Phone: 202 906-7380

David A. Permut
Phone: 202 906-7505

RIN: 1550-AB19
_______________________________________________________________________




2657. COMMUNITY REINVESTMENT ACT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 563e

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Joint ANPRM                     07/19/01                    66 FR 37602
Joint ANPRM Comment Period End  10/17/01
Joint NPRM                       To Be                       Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Richard Bennett
Phone: 202 906-7409

Theresa A. Stark
Phone: 202 906-7054

Celeste Anderson
Phone: 202 906-7990

RIN: 1550-AB48
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2658. LENDING AND INVESTMENT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 559; 12 CFR 560

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/01/01                    66 FR 55131
Final Rule                      12/21/01                    66 FR 65822

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Agency Contact: William J. Magrini
Phone: 202 906-5744

Karen Osterloh
Phone: 202 906-6639

RIN: 1550-AB37
BILLING CODE 6720-01-S
[FR Doc. 02-10529 Filed 05-10-02; 8:45 am]
