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


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Part XVI





Department of the Treasury





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Semiannual Regulatory Agenda

[[Page 73362]]



DEPARTMENT OF THE TREASURY (TREAS)






_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda and Fiscal Year 2004 Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act (Pub. L. 96-354, September 19, 1980) and 
Executive Order (E.O.) 12866 (``Regulatory Planning and Review,'' 
September 30, 1993), which require the publication by the Department of 
a semiannual agenda of regulations. E.O. 12866 also requires the 
publication by the Department of a regulatory plan for fiscal year 
2004.

FOR FURTHER INFORMATION CONTACT: The Agency Contact identified in the 
item relating to that regulation.

SUPPLEMENTARY INFORMATION: On November 25, 2002, the President signed 
the Homeland Security Act of 2002 (the Act), establishing the 
Department of Homeland Security (DHS). The Act transferred the U.S. 
Customs Service from the Department of the Treasury to the DHS, where 
it is now known as the Bureau of Customs and Border Protection. 
Notwithstanding the transfer of the Customs Service to DHS, the Act 
provides that the Secretary of the Treasury retains sole legal 
authority over the customs revenue functions, and authorizes the 
Secretary to delegate any of this retained authority to the Secretary 
of Homeland Security. By Treasury Department Order No. 100-16, the 
Secretary of the Treasury delegated to the Secretary of Homeland 
Security authority to prescribe regulations pertaining to the customs 
revenue functions. This Order further provided that the Secretary of 
the Treasury retained the sole authority to approve any such 
regulations concerning import quotas or trade bans; user fees; marking 
and labeling; copyright and trademark enforcement; and the completion 
of entry or substance of entry summary, including duty assessment and 
collection, classification, valuation, application of the U.S. 
Harmonized Schedules, eligibility or requirements for preferential 
trade programs, and the establishment of recordkeeping requirements. 
Accordingly, these regulations are now listed in the semiannual 
regulatory agenda of the Departmental Offices of the Department of the 
Treasury.

     The semiannual agenda and The Regulatory Plan of the 
Department of the Treasury conform to the Unified Agenda format 
developed by the Regulatory Information Service Center (RISC).

     For this edition of Treasury's regulatory agenda, one 
regulation of the Alcohol and Tobacco Tax and Trade Bureau is 
included in The Regulatory Plan, which appears in part II of this 
issue of the Federal Register. This entry in The Regulatory Plan is 
listed in the table of contents below and is denoted by a bracketed 
bold reference, which directs the reader to the appropriate 
sequence number in part II.

Dated: October 28, 2003.

 Richard S. Carro,

Senior Advisor to the General Counsel for Regulatory Affairs.

                                    Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2513        12 CFR 1805 Community Development Financial Institutions (CDFI) Program; Reporting      1505--AA93
            Requirements........................................................................
2514        17 CFR 403.4 Amendments to the Government Securities Act Regulations: Customer          1505--AA94
            Protection--Reserves and Custody of Securities......................................
2515        Amendments to the Government Securities Act Regulations: Exemption for Holdings         1505--AB06
            Subject to Fiduciary Standards......................................................
2516        Terrorism Risk Insurance Program; Initial Claims Procedure Requirements.............    1505--AB07
2517        Terrorism Risk Insurance Program; Litigation Management.............................    1505--AB08
2518        Terrorism Risk Insurance Program; Additional Claims Issues..........................    1505--AB09
2519        Textiles and Textile Products Subject to Textile Trade Agreements...................    1505--AB13
2520        Liquidation; Extension; Suspension..................................................    1505--AB14
2521        19 CFR 12 Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and         1505--AB15
            Music Videos of Live Musical Performances...........................................
2522        19 CFR 111 Remote Location Filing...................................................    1505--AB20
2523        Merchandise Processing Fees Eligible to be Claimed as Certain Types of Drawback         1505--AB44
            Based on Substitution of Finished Petroleum Derivatives.............................
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2524        31 CFR 19 Common Rule Suspension and Debarment......................................    1505--AA86
2525        31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations:      1505--AA95
            Publication of Economic Sanctions Enforcement Guidelines............................
2526        31 CFR 1.8 to 1.12 Disclosure of Records in Litigation..............................    1505--AA97
2527        19 CFR 4 Harbor Maintenance Fee.....................................................    1505--AB11

[[Page 73363]]

 
2528        Donated Cargo Exemption From Harbor Maintenance Fee.................................    1505--AB12
2529        19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty--        1505--AB17
            Deferral Program Provisions.........................................................
2530        Country--of--Origin Marking.........................................................    1505--AB21
2531        19 CFR 4 User and Navigation Fees; Other Reimbursable Charges.......................    1505--AB24
2532        19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences..    1505--AB26
2533        Expanded Weekly Entry Procedure for Foreign Trade Zones.............................    1505--AB27
2534        19 CFR 10 United States--Caribbean Basin Trade Partnership Act and Caribbean Basin      1505--AB28
            Initiative..........................................................................
2535        19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge    1505--AB29
2536        19 CFR 12 Dog and Cat Protection Act................................................    1505--AB31
2537        19 CFR 10 Prototypes Used Solely For Product Development, Testing, Evaluation, or       1505--AB32
            Quality Control Purposes............................................................
2538        19 CFR 10 Preferential Treatment of Brassieres Under the United States--Caribbean       1505--AB33
            Basin Trade Partnership Act.........................................................
2539        19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on            1505--AB34
            Multiple Conveyances................................................................
2540        19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act.....    1505--AB37
2541        Trade Benefits Under the African Growth and Opportunity Act.........................    1505--AB38
2542        19 CFR 24 Fees for Customs Processing at Express Courier Facilities.................    1505--AB39
2543        Trade Benefits Under the Caribbean Basin Economic Recovery Act......................    1505--AB40
2544        Tariff Treatment Related to Disassembly Operations Under the North American Free        1505--AB41
            Trade Agreement (NAFTA).............................................................
2545        Refund of Duties Paid on Imports of Certain Wool Products...........................    1505--AB43
----------------------------------------------------------------------------------------------------------------


                                    Departmental Offices--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2546        31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions        1505--AA74
            Through Payment Service Providers...................................................
2547        Financial Activities of Financial Subsidiaries......................................    1505--AA80
2548        Financial Subsidiaries..............................................................    1505--AA81
2549        12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage....................    1505--AA84
2550        12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature.....    1505--AA85
2551        31 CFR 5 Treasury Debt Collection...................................................    1505--AA90
2552        12 CFR 1806 Bank Enterprise Award (BEA) Program.....................................    1505--AA91
2553        12 CFR 1805 Community Development Financial Institutions (CDFI) Program.............    1505--AA92
2554        Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for      1505--AB10
            Insured Losses......................................................................
2555        19 CFR 142 Reconciliation...........................................................    1505--AB16
2556        19 CFR 12 Entry of Softwood Lumber Shipments From Canada............................    1505--AB18
2557        Expanded Methods of Payment of Duties, Taxes, Interest, and Fees....................    1505--AB22
2558        Entry of Softwood Lumber Shipments From Canada......................................    1505--AB23
2559        19 CFR 142 Requirements for Future Customs Transactions When Payment To Customs on      1505--AB25
            Prior Transactions is Delinquent and/or Dishonored..................................
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2560        48 CFR ch 10 Department of the Treasury Acquisition Regulation......................    1505--AA89
2561        31 CFR 50 Terrorism Risk Insurance Program; Program Scope and Definitions...........    1505--AA96
2562        31 CFR 50 Terrorism Risk Insurance Program; Disclosures and Mandatory Availability      1505--AA98
            Requirements........................................................................
2563        31 CFR 50 Terrorism Risk Insurance Program; State Residual Market Insurance Entities    1505--AA99
2564        Customs Entry Documentation Pursuant to Anticounterfeiting Consumer Protection Act..    1505--AB19
2565        19 CFR 24 User Fees.................................................................    1505--AB30
2566        Civil Fines For Importation of Merchandise Bearing a Counterfeit Mark...............    1505--AB35
2567        Manufacturing Substitution Drawback--Duty Apportionment.............................    1505--AB36
2568        Preferential Treatment of Brassieres Under the Caribbean Basin Economic Recovery Act    1505--AB42
2569        Import Restrictions Imposed on Archaeological Material from Cambodia................    1505--AB45

[[Page 73364]]

 
2570        Extension of Emergency Import Restrictions Imposed on Ethnological Material from        1505--AB46
            Cyprus..............................................................................
----------------------------------------------------------------------------------------------------------------


                               Financial Crimes Enforcement Network--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2571        Customer Identification Programs for Pawn Brokers...................................    1506--AA39
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2572        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To    1506--AA08
            Assess Civil Money Penalties on Depository Institutions.............................
2573        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Requirement That          1506--AA28
            Financial Institutions Establish Anti--Money Laundering Programs....................
2574        Customer Identification Programs for Travel Agents..................................    1506--AA38
2575        Customer Identification Programs for Loan and Finance Companies.....................    1506--AA40
2576        Customer Identification Programs for Sellers of Vehicles............................    1506--AA41
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2577        31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of         1506--AA15
            Cross--Border Transportation of Certain Monetary Instruments........................
2578        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the           1506--AA23
            Requirement To Report Transactions in Currency......................................
2579        31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement that           1506--AA25
            Nonfinancial Trades or Businesses Report Certain Currency Transactions..............
2580        31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and        1506--AA29
            Private Banking Accounts............................................................
2581        31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and    1506--AA31
            Credit Unions.......................................................................
2582        31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy       1506--AA36
            Act Regulations Requirement That Insurance Companies Report Suspicious Transactions.
2583        31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual    1506--AA37
            Funds Report Suspicious Transactions................................................
2584        31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru..........    1506--AA43
2585        31 CFR 103.56 Financial Crimes Enforcement Network; Delegation of Enforcement           1506--AA45
            Authority Regarding the Foreign Bank Account Report Requirements....................
2586        Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations--          1506--AA61
            Nomenclature Changes................................................................
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2587        31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and        1506--AA19
            Recordkeeping Requirements--Money Services Businesses (MSBs)........................
----------------------------------------------------------------------------------------------------------------


[[Page 73365]]


                             Financial Crimes Enforcement Network--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2588        31 CFR 103.122 Customer Identification Program for Broker--Dealers..................    1506--AA32
2589        31 CFR 103.131 Customer Identification Program for Mutual Funds.....................    1506--AA33
2590        31 CFR 103.11 Requirement That Futures Commission Merchants and Introducing Brokers     1506--AA44
            in Commodities Report Suspicious Transactions.......................................
2591        Financial Crimes Enforcement Network; Freedom of Information Act, Privacy Act of        1506--AA62
            1974--Implementation................................................................
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2592        31 CFR 245 Claims on Account of Treasury Checks.....................................    1510--AA51
2593        31 CFR 206 Management of Federal Agency Receipts and Disbursements; Operation of the    1510--AA86
            Cash Management Improvement Fund....................................................
2594        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
----------------------------------------------------------------------------------------------------------------
2595        31 CFR 240 Indorsement and Payment of Checks Drawn on the U.S. Treasury.............    1510--AA45
2596        31 CFR 281 Foreign Exchange Operations..............................................    1510--AA48
2597        31 CFR 256 Payments Under Judgment and Private Relief Acts..........................    1510--AA52
2598        31 CFR 285.5 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit      1510--AA65
            Payments) To Collect Past--Due, Legally Enforceable Nontax Debt.....................
2599        31 CFR 285.7 Salary Offset..........................................................    1510--AA70
2600        31 CFR 285.8 Offset of Tax Refund Payment To Collect State Income Tax Obligations...    1510--AA78
2601        31 CFR 203 Payment of Federal Taxes and the Treasury Tax and Loan Program...........    1510--AA79
2602        31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments.........    1510--AA91
2603        Federal Government Participation in the Automated Clearing House (ACH)..............    1510--AA98
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2604        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)......
2605        31 CFR 285.14 Public Dissemination of Identity of Delinquent Debtors................    1510--AA72
2606        31 CFR 223 Surety Bond Reimbursement Fund...........................................    1510--AA85
2607        Payment of Federal Taxes and the Treasury Tax and Loan Program......................    1510--AA96
2608        Federal Government Participation in the Automated Clearing House (ACH)..............    1510--AA97
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2609        31 CFR 210 2003 Automated Clearing House (ACH) Rules................................    1510--AA89
----------------------------------------------------------------------------------------------------------------


[[Page 73366]]


                          Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2610        27 CFR 7 Revision of Brewery Regulations and Issuance of Regulations for Taverns on     1513--AA02
            Brewery Premises (Brewpubs) (Reg Plan Seq No. 99)...................................
2611        27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for            1513--AA07
            Distilled Spirits and Wine..........................................................
2612        27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars...................    1513--AA16
2613        27 CFR 9 Petition To Establish the ``Santa Barbara Highlands'' Viticultural Area....    1513--AA24
2614        27 CFR 44 Regulatory Changes From Customs Service Final Rule........................    1513--AA26
2615        27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment    1513--AA27
            of Tax..............................................................................
2616        27 CFR 9 Petition To Establish the ``Trinity Lake'' Viticultural Area...............    1513--AA29
2617        27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area...    1513--AA41
2618        27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines............    1513--AA42
2619        27 CFR 40 Marks, Labels, Notices and Bonds for, and Removal of, Tobacco Products,       1513--AA49
            and Cigarette Papers and Tubes......................................................
2620        27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural     1513--AA51
            Area................................................................................
2621        27 CFR 40 In--Transit Stops of Tobacco Products, and Cigarette Papers and Tubes         1513--AA52
            Without Payment of Tax..............................................................
2622        27 CFR 9 Petition To Establish ``Snake River Valley'' as a New Viticultural Area....    1513--AA53
2623        27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area..................    1513--AA54
2624        27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary               1513--AA55
            Realignment/Expansion...............................................................
2625        27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural    1513--AA57
            Area................................................................................
2626        27 CFR 9 Petition To Establish ``Ribbon Ridge'' as a New American Viticultural Area.    1513--AA58
2627        27 CFR 9 Petition To Establish ``Yamhill--Carlton District'' as a New American          1513--AA59
            Viticultural Area...................................................................
2628        Petition To Establish the ``Fort Ross Seaview'' Viticultural Area...................    1513--AA64
2629        Petition To Establish the ``Alexander Mountain'' Viticultural Area..................    1513--AA65
2630        27 CFR 9 Petition To Establish ``Grand Lake O' the Cherokees'' as a New American        1513--AA66
            Viticultural Area...................................................................
2631        Petition No. 2 To Expand the Russian River Valley Viticultural Area.................    1513--AA67
2632        Petition To Establish the ``Salado Creek'' Viticultural Area........................    1513--AA69
2633        Petition To Establish the ``Shawnee Hills'' Viticultural Area.......................    1513--AA70
2634        Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco           1513--AA72
            Viticultural Area...................................................................
2635        Petition To Establish ``Southern Oregon'' as a Viticultural Area....................    1513--AA75
2636        Petition To Establish ``Texoma'' as a Viticultural Area.............................    1513--AA77
2637        Evidence of Exportation for Distilled Spirits; Use of Alternative Documentation.....    1513--AA78
2638        Petition To Establish the ``High Valley'' Viticultural Area.........................    1513--AA79
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in part II of this issue of the Federal Register.


                           Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2639        Exportation of Liquors: Recodification of Regulations: Administrative Changes Due to    1513--AA76
            the Homeland Security Act of 2002...................................................
2640        27 CFR 275 Implementation of Public Law 105--33, Section 9302, Requiring the            1513--AA10
            Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments...
2641        27 CFR 7 Flavored Malt Beverages and Related Proposals..............................    1513--AA12
2642        27 CFR 275 Tobacco Products and Cigarette Papers and Tubes Shipped from Puerto Rico     1513--AA17
            to the United States................................................................
2643        27 CFR 270 Elimination of Statistical Classes for Large Cigars......................    1513--AA18
2644        27 CFR 41 Importation of Tobacco Products and Cigarette Papers and Tubes;               1513--AA20
            Recodification of Regulations.......................................................
2645        27 CFR 24 Production of Dried Fruit and Honey Wines.................................    1513--AA21
2646        27 CFR 9 Proposed ``San Bernabe'' Viticultural Area.................................    1513--AA28
2647        27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape            1513--AA32
            Varieties...........................................................................
2648        27 CFR 9 Petition To Establish ``Red Hills Lake County'' American Viticultural Area.    1513--AA33
2649        27 CFR 9 Petition To Establish ``Bennett Valley'' as an American Viticultural Area..    1513--AA36
2650        27 CFR 9 Petition for the Establishment of ``Red Hill'' as an American Viticultural     1513--AA39
            Area................................................................................
2651        27 CFR 9 Petition To Change the Temecula Viticultural Area's Name to Temecula Valley    1513--AA40
2652        27 CFR 9 Petition To Establish ``Alexandria Lakes'' as a New American Viticultural      1513--AA45
            Area................................................................................
2653        27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages............    1513--AA46
2654        27 CFR 9 Petition To Establish ``Oak Knoll District'' as a New American Viticultural    1513--AA48
            Area................................................................................
2655        27 CFR 9 Petition To Establish ``Dundee Hills'' as a New American Viticultural Area.    1513--AA50
2656        27 CFR 7 Labeling and Advertising of Malt Beverages.................................    1513--AA60

[[Page 73367]]

 
2657        Electronic Signatures; Electronic Submission of Forms to TTB........................    1513--AA61
2658        Petition To Establish ``McMinnville'' as an American Viticultural Area in Oregon....    1513--AA63
2659        Petition No. 1 To Expand the Russian River Valley Viticultural Area.................    1513--AA68
2660        Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the         1513--AA80
            Homeland Security Act of 2002.......................................................
----------------------------------------------------------------------------------------------------------------


                          Alcohol and Tobacco Tax and Trade Bureau--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2661        27 CFR 252 Exportation of Liquors...................................................    1513--AA00
2662        27 CFR 7 Alcoholic Content Labeling for Malt Beverages..............................    1513--AA01
2663        27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104--188.......    1513--AA05
2664        27 CFR 24.66 Implementation of Public Law 105--34, Section 1416, Relating to Refund     1513--AA06
            of Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer
            Relief Act of 1997).................................................................
2665        27 CFR 4 Amended Standard of Identity for Sherry....................................    1513--AA08
2666        Sake Regulations....................................................................    1513--AA11
2667        27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and    1513--AA14
            Tubes Imported or Brought into the United States....................................
2668        27 CFR 4.32(d) Removal of Requirement To Disclose Saccharin in the Labeling of Wine,    1513--AA15
            Distilled Spirits, and Malt Beverages...............................................
2669        27 CFR 31 Liquor Dealers; Recodification of Regulations.............................    1513--AA19
2670        27 CFR 19, subpart W Proposed Revisions to the Distilled Spirits Plant Regulations..    1513--AA23
2671        27 CFR 9 Petition To Establish ``Seneca Lake'' as an American Viticultural Area.....    1513--AA34
2672        27 CFR 17 Tax--Paid Distilled Spirits Used in Manufacturing Products Unfit for          1513--AA37
            Beverage Use........................................................................
2673        27 CFR 9 Petition To Establish ``Columbia Gorge'' as a New American Viticultural        1513--AA43
            Area................................................................................
2674        31 CFR 8 Eliminate Requirement To Enroll To Practice Before the Bureau..............    1513--AA62
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2675        27 CFR 4 Amelioration of Fruit and Agricultural Wines; Technical Amendments.........    1513--AA30
2676        27 CFR 45 Removal of Tobacco Products and Cigarette Papers and Tubes Without Payment    1513--AA38
            of Tax for Use in the United States.................................................
2677        27 CFR 9 Petition To Establish ``Upper Arroyo Grande'' as a New American                1513--AA56
            Viticultural Area...................................................................
----------------------------------------------------------------------------------------------------------------


                                   Comptroller of the Currency--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2678        Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the         1557--AC80
            Gramm--Leach--Bliley Act............................................................
----------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2679        12 CFR 19 Maintenance of Records....................................................    1557--AB99
2680        12 CFR 30 Interagency Guidelines Establishing Standards for Safety and Soundness....    1557--AC08
2681        12 CFR 5 Rules, Policies, and Procedures for Corporate Activities...................    1557--AC11
2682        Risk--Based Capital; Capital Adequacy Guidelines; Capital Maintenance: Asset--Backed    1557--AC77
            Commercial Paper Programs and Early Amortization Provisions.........................

[[Page 73368]]

 
2683        Rules, Policies, and Procedures for Corporate Activities; Licensing Procedures......    1557--AC79
----------------------------------------------------------------------------------------------------------------


                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2684        12 CFR 3 Capital Rules..............................................................    1557--AB14
2685        12 CFR 5 Rules, Policies, and Procedures for Corporate Activities and Bank              1557--AB97
            Activities and Operations...........................................................
2686        12 CFR 28 International Banking Activities..........................................    1557--AC04
2687        12 CFR 11 Reporting and Disclosure Requirements for National Banks With Securities      1557--AC12
            Registered Under the Securities Exchange Act of 1934; Securities Offering Disclosure
            Rules...............................................................................
2688        12 CFR 5 Rules, Policies, and Procedures for Corporate Activities (Electronic           1557--AC13
            Filings)............................................................................
2689        12 CFR 7 Bank Activities and Operations; Real Estate Lending and Appraisals.........    1557--AC73
2690        Electronic Filing and Disclosure of Beneficial Ownership Reports....................    1557--AC75
2691        Risk--Based Capital; Capital Adequacy Guidelines; Capital Maintenance: Interim          1557--AC76
            Capital Treatment of Consolidated Asset--Backed Commercial Paper Program Assets.....
2692        Bank Activities and Operations......................................................    1557--AC78
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2693        Rules and Procedures for Claims Against OCC--Appointed Receiverships for Uninsured      1557--AB59
            Financial Institutions..............................................................
2694        Fair Credit Reporting Regulations...................................................    1557--AB78
2695        Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer         1557--AB93
            Registration........................................................................
2696        12 CFR 25 Community Reinvestment Act Regulation.....................................    1557--AB98
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2697        31 CFR 103 Customer Identification Programs for Banks, Savings Associations, and        1557--AC06
            Certain Nonfederally Regulated Banks................................................
2698        12 CFR 24 Community and Economic Development Entities, Community Development            1557--AC09
            Projects, and Other Public Welfare Investments (12 CFR Part 24).....................
2699        12 CFR 19 Removal, Suspension, and Debarment of Independent Accountants From            1557--AC10
            Performing Audit Services...........................................................
----------------------------------------------------------------------------------------------------------------


                                     Internal Revenue Service--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2700        Hand Carrying Returns (Temporary)...................................................    1545--BB45
2701        Corporate Reorganizations; Continuity--Transfers of Assets or Stock Following a         1545--BB81
            Reorganization (Temporary)..........................................................
2702        Guidance Regarding Mark--to--Market Valuation for Certain Securities................    1545--BB90
2703        New Markets Tax Credit Amendments (Temporary).......................................    1545--BC02
2704        Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions            1545--BC24
            Involving Related Parties, Pass--Through Entities, or Other Intermediaries..........
2705        Substitute for Return (SFR) and Automated Substitute for Return (ASFR) (Temporary)..    1545--BC46
2706        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated    1545--BC77
            Group (Temporary)...................................................................
----------------------------------------------------------------------------------------------------------------


[[Page 73369]]


                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2707        Foreign Insurance Companies.........................................................    1545--AL82
2708        Outbound Transfers of Property to Foreign Corporations..............................    1545--AM97
2709        Foreign Insurance Company--Domestic Election........................................    1545--AO25
2710        Fringe Benefit Sourcing Under Section 861...........................................    1545--AO72
2711        Taxation of Global Trading..........................................................    1545--AP01
2712        Information Reporting and Record Maintenance........................................    1545--AP10
2713        Integrated Financial Transaction....................................................    1545--AR20
2714        Source Rules for Payments Made Pursuant to Certain Swap Arrangements................    1545--AU89
2715        Foreign Tax Credit Anti--Abuse Regulation...........................................    1545--AV97
2716        Transportation of Persons and Property by Air.......................................    1545--AW19
2717        Capital Gain Guidance Relating to CRTs..............................................    1545--AW35
2718        Constructive Sales of Appreciated Financial Positions...............................    1545--AW97
2719        Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income,      1545--AX02
            and Related Foreign Base Company Shipping Income....................................
2720        Definition of Accounting Method.....................................................    1545--AX21
2721        Awarding of Costs and Certain Fees..................................................    1545--AX46
2722        Highly Compensated Employee.........................................................    1545--AX48
2723        Modification to Section 367(a) Stock Transfer Regulations...........................    1545--AX77
2724        Clarification of Foreign--Based Company Sales Income Rules..........................    1545--AX91
2725        Like--Kind Exchanges................................................................    1545--AX95
2726        Guidance on Changes to the Laws for Corporate Estimated Taxes.......................    1545--AY22
2727        Withholding Tax on Foreign Partners' Share of Effectively Connected Income..........    1545--AY28
2728        Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding    1545--AY30
            Companies (FPHCs)...................................................................
2729        Allocation of Income and Deductions from Intangibles................................    1545--AY38
2730        Dollar--Value LIFO..................................................................    1545--AY39
2731        Previously Taxed Earnings and Profits Under Subpart F...............................    1545--AY54
2732        Disclosure of Returns and Return Information in Judicial and Administrative Tax         1545--AY89
            Proceedings.........................................................................
2733        Payments For Interest in Partnership................................................    1545--AY90
2734        Allocation and Apportionment of Interest Expense; Tax Book Value Disparities........    1545--BA02
2735        Transactions Involving Obligations of Consolidated Group Members....................    1545--BA11
2736        Deductibility of Employer Contributions for Deferred Compensation...................    1545--BA13
2737        Continuation of a Consolidated Group................................................    1545--BA14
2738        Property Exempt from Levy...........................................................    1545--BA22
2739        Gasoline Tax Claims.................................................................    1545--BA27
2740        Suspension of Statutes of Limitation in John Doe and Third--Party Summons Disputes,     1545--BA31
            and Expansion of Taxpayers' Rights To Receive Notice and Seek Judicial Review of
            Third Party Summonses...............................................................
2741        Income From Sources Within Specified Possession.....................................    1545--BA37
2742        Treatment of Certain Obligation--Shifting Transactions..............................    1545--BA41
2743        Multifamily Housing Bonds...........................................................    1545--BA45
2744        Modification of Check the Box Regulations (Temporary)...............................    1545--BA58
2745        Modification of Check the Box Regulations...........................................    1545--BA59
2746        Abatement of Interest on Large Erroneous Refunds....................................    1545--BA61
2747        Allocation and Apportionment Rules: Guidance on Selected Issues.....................    1545--BA64
2748        Provisions Regarding Cross--Border Transactions.....................................    1545--BA65
2749        Circular 230--Tax Shelter Amendments................................................    1545--BA70
2750        Circular 230--Phase 2 Nonshelter Revisions..........................................    1545--BA72
2751        Allocation of New Markets Tax Credit................................................    1545--BA84
2752        Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities.....    1545--BA90
2753        Guidance To Facilitate Electronic Tax Administration................................    1545--BA96
2754        Timely Mailing Treatment............................................................    1545--BA99
2755        Hand Carry Returns..................................................................    1545--BB00
2756        Allocation of Foreign Tax Credits Among Partners....................................    1545--BB11
2757        Distributions of Property...........................................................    1545--BB12
2758        Cost Sharing........................................................................    1545--BB26
2759        Application of Separate Limitations to Dividends From Noncontrolled Section 902         1545--BB28
            Corporation.........................................................................
2760        Amending the Low--Income Housing Tax Credit Program.................................    1545--BB37
2761        Administrative Simplification of 481(a) Adjustment Periods in Various Regulations...    1545--BB47
2762        Election Out Generation--Skipping Transfer Tax (GST) Deemed Allocations.............    1545--BB54
2763        Substitute Dividend Payments in Securities Lending and Similar Transactions.........    1545--BB56

[[Page 73370]]

 
2764        Deemed IRAs in Qualified Retirement Plans...........................................    1545--BB58
2765        Deemed IRAs in Qualified Retirement Plans (Temporary)...............................    1545--BB59
2766        Information Reporting Relating to Taxable Stock Transactions........................    1545--BB60
2767        Loss Limitation Rules--G U Repeal...................................................    1545--BB61
2768        Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under      1545--BB64
            Section 403(b)......................................................................
2769        Installment Obligations.............................................................    1545--BB65
2770        Liquidation of an Interest..........................................................    1545--BB71
2771        Qualified Interests.................................................................    1545--BB72
2772        Collected Excise Taxes; Duties of Collector.........................................    1545--BB75
2773        Collected Excise Taxes; Duties of Collector (Temporary).............................    1545--BB76
2774        Application of Nondiscrimination Cross--Testing Rules to Cash Balance Plans.........    1545--BB79
2775        Corporate Reorganizations; Continuity--Transfers of Assets or Stock Following a         1545--BB80
            Reorganization......................................................................
2776        Notional Principal Contracts; Contingent Nonperiodic Payments.......................    1545--BB82
2777        REMIC Residuals--Timing of Income for Foreign Holders...............................    1545--BB84
2778        Transferor or Transferee as a Predecessor or Successor..............................    1545--BB85
2779        Dependent Care Credit...............................................................    1545--BB86
2780        Partnership Equity for Services.....................................................    1545--BB92
2781        Determination of Single--Sum Distributions From Cash Balance Plans..................    1545--BB93
2782        Accrual for Certain REMIC Regular Interests.........................................    1545--BB94
2783        New Markets Tax Credit Amendments...................................................    1545--BC03
2784        Tax Exempt Bond Partnership Reporting Regulation....................................    1545--BC04
2785        Determination of Basis of a Single Class of Stock or Securities Received in Exchange    1545--BC05
            for a Single Class of Stock or Securities in a Tax--Free Exchanges..................
2786        General Allocation and Accounting Regulations.......................................    1545--BC07
2787        Entry of Taxable Fuel...............................................................    1545--BC08
2788        Timing and Modification of the Section 59(e) Election...............................    1545--BC13
2789        Guidance Necessary To Facilitate Business Electronic Filing.........................    1545--BC15
2790        Changes in Computing Depreciation...................................................    1545--BC18
2791        Value of Life Insurance When Distributed From a Qualified Retirement Plan...........    1545--BC20
2792        Utility Allowance Regulation Update.................................................    1545--BC22
2793        Special Consolidated Return Rules for Interest Expense Disallowed Under Section         1545--BC23
            265(a)(2)...........................................................................
2794        EGTRRA Changes to Protected Retirement Benefits.....................................    1545--BC26
2795        Single Determination of Tax for Multiple Pools of Assets of an S Corporation........    1545--BC29
2796        Deemed Corporate Election for Electing S Corporations...............................    1545--BC32
2797        Substitute for Return (SFR) and Automated Substitute for Return (ASFR)..............    1545--BC45
2798        Additional Guidance Regarding Mark--to--Market Accounting for Traders in Securities     1545--BC48
            and/or Commodities, Including Foreign Currency Instruments..........................
2799        Qualified Severance Regulations.....................................................    1545--BC50
2800        Stewardship Expenses................................................................    1545--BC52
2801        Removal of Section 6152 Regulations.................................................    1545--BC53
2802        Guarantee Fees Under Section 143(g).................................................    1545--BC59
2803        Predeceased Parent Rule.............................................................    1545--BC60
2804        Qualified Zone Academy Bonds........................................................    1545--BC61
2805        Guidance Necessary To Facilitate Business Electronic Filing (Temporary).............    1545--BC62
2806        Guidance Under Section 707 Regarding Disguised Sales................................    1545--BC63
2807        Partnership Transactions Involving Partner's Stock..................................    1545--BC64
2808        Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items..    1545--BC65
2809        LIFO Recapture Under Section 1362(d)................................................    1545--BC66
2810        Qualified Zone Academy Bonds (Temporary)............................................    1545--BC68
2811        Section 179 Elections...............................................................    1545--BC69
2812        Real Estate Mortgage Investment Conduit (REMIC) Tetra Rules.........................    1545--BC71
2813        Collection after Assessment.........................................................    1545--BC72
2814        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated    1545--BC74
            Group...............................................................................
2815        Confidential Transactions...........................................................    1545--BC75
2816        Confidential Transactions (Temporary)...............................................    1545--BC76
----------------------------------------------------------------------------------------------------------------


[[Page 73371]]


                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2817        Foreign Corporations................................................................    1545--AK74
2818        Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign         1545--AK79
            Investment in Real Property Tax Act.................................................
2819        Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on          1545--AM12
            Branch Remittances..................................................................
2820        Earnings Stripping Payments.........................................................    1545--AO24
2821        Registration Required Obligations...................................................    1545--AP33
2822        Interest--Free Adjustments..........................................................    1545--AQ61
2823        Definition of ``Highly Compensated Employee''.......................................    1545--AQ74
2824        Escrow Funds and Other Similar Funds................................................    1545--AR82
2825        Mark--to--Market Upon Disposition...................................................    1545--AS85
2826        Straddles----Miscellaneous Issues...................................................    1545--AT46
2827        Recomputation of Life Insurance Reserves............................................    1545--AU49
2828        Definition of Private Activity Bond--Refunding Regulations..........................    1545--AU98
2829        Return of Levied Property in Certain Cases..........................................    1545--AV01
2830        Electronic Transmission of Withholding Certificates.................................    1545--AV27
2831        Interest on Education Loans.........................................................    1545--AW01
2832        Mark--to--Market Accounting for Dealers in Commodities and Traders in Securities and    1545--AW06
            Commodities.........................................................................
2833        Intercompany Obligations............................................................    1545--AW30
2834        Reporting of Payments to Attorney...................................................    1545--AW72
2835        Qualified Offers....................................................................    1545--AW99
2836        Delay Rental Payments...............................................................    1545--AX06
2837        Guidance on Cost Recovery in the Entertainment Industry.............................    1545--AX12
2838        Cash or Deferred Arrangements.......................................................    1545--AX26
2839        Cash or Deferred Arrangements (Temporary)...........................................    1545--AX43
2840        Stock Transfer Rules--Carryover of Earnings and Taxes...............................    1545--AX65
2841        Allocation and Apportionment of Interest Expense and Certain Other Expenses.........    1545--AX72
2842        HIPAA Portability...................................................................    1545--AX84
2843        Application of Separate Foreign Tax Credit Limitations..............................    1545--AX88
2844        Capitalization of Interest and Carrying Charges Properly Allocable to Straddles.....    1545--AX92
2845        Assumption of Partnership Liabilities...............................................    1545--AX93
2846        Definition of Income................................................................    1545--AX96
2847        Electing Mark--to--Market for Marketable Stock of a PFIC............................    1545--AY17
2848        Authorized Placement Agency.........................................................    1545--AY18
2849        Information Reporting on Cancellation of Indebtedness...............................    1545--AY35
2850        Election--Asset Acquisitions of Insurance Companies.................................    1545--AY49
2851        Electronic Furnishing of Payee Statements...........................................    1545--AY50
2852        Tax Treatment of Cafeteria Plans....................................................    1545--AY67
2853        Low--Income Taxpayer Clinics........................................................    1545--AY84
2854        New Market Tax Credit...............................................................    1545--AY87
2855        Definition of Agent and Safeguard Certifications....................................    1545--AY94
2856        Tax Shelter Penalties...............................................................    1545--AY97
2857        Expenditures in Connection with the Creation of Intangible Assets...................    1545--BA00
2858        Mergers Involving Disregarded Entities..............................................    1545--BA06
2859        Reductions of Accruals and Allocations Because of Increased Age.....................    1545--BA10
2860        Application of the Federal Insurance Contributions Act, Federal Unemployment Tax        1545--BA26
            Act, and Collection of Income Tax at Source to Statutory Stock Options..............
2861        Amendment to the Definition of Refunding............................................    1545--BA46
2862        Loss Limitation Rules...............................................................    1545--BA52
2863        Noncompensatory Partnership Options.................................................    1545--BA53
2864        Required Distributions from Retirement Plans........................................    1545--BA60
2865        Carryback of Consolidated Net Operating Losses to Separate Return Years.............    1545--BA73
2866        Statutory Options...................................................................    1545--BA75
2867        Disclosure of Relative Value of Distribution Forms..................................    1545--BA78
2868        Partnership Transactions Involving Long--Term Contracts.............................    1545--BA81
2869        Reporting Requirements for Widely Held Fixed Investment Trusts......................    1545--BA83
2870        Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens................    1545--BA86
2871        Aggregate Computation and Allocation of Research Credit.............................    1545--BA88
2872        Reduced Exclusion of Gain From Sale or Exchange of Principal Residence..............    1545--BB01
2873        Change in Use; Accelerated Cost Recovery System.....................................    1545--BB05

[[Page 73372]]

 
2874        Capital Account Bookup..............................................................    1545--BB10
2875        Structured Settlement Factoring Transactions........................................    1545--BB14
2876        Testimony Authorizations and Requests for IRS Information...........................    1545--BB15
2877        Toll Telephone Service--Definition..................................................    1545--BB18
2878        Authorization for IRS To Charge Fees For Copying Exempt Organization Returns........    1545--BB21
2879        Extension of Time for Filing Returns................................................    1545--BB29
2880        Investment Adjustment Rules and Waiver of Loss Carryovers From SRLY Years--Amended..    1545--BB38
2881        Amendment to Section 6724 Relating to Failure To File Correct Information Returns...    1545--BB41
2882        Limitation on Use of Nonaccrual Experience Method of Accounting.....................    1545--BB43
2883        Advance Rentals.....................................................................    1545--BB44
2884        Special Depreciation Allowance......................................................    1545--BB57
2885        Use of Government Depositaries in Connection With Tax Under the Federal Unemployment    1545--BB66
            Tax Act.............................................................................
2886        Availability of Section 338(h)(10) Election in Multistep Transactions...............    1545--BB68
2887        Real Estate Mortgage Investment Conduits (REMICs); Application of Section 446 With      1545--BB73
            Respect to Inducement Fees..........................................................
2888        Guidance on Life Insurance and Annuity Contracts....................................    1545--BB77
2889        Assumption of Partnership Liabilities (Temporary)...................................    1545--BB83
2890        Distributions of Loss Corporation Stock by Qualified Plans..........................    1545--BC00
2891        Transfers of Nonstatutory Stock Options to Related Persons..........................    1545--BC06
2892        Notarization Requirement for Statements of Purchase.................................    1545--BC11
2893        Contingent at Closing Escrows.......................................................    1545--BC16
2894        Changes in Computing Depreciation (Temporary).......................................    1545--BC17
2895        Like--Kind Exchanges Under Section 168 (Temporary)..................................    1545--BC27
2896        Preservation of Stock Basis.........................................................    1545--BC28
2897        Elimination of Forms of Distribution in Defined Contribution Plans..................    1545--BC35
2898        Depreciation of Vans and Light Trucks...............................................    1545--BC36
2899        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated    1545--BC38
            Group...............................................................................
2900        Remedial Actions for Tax Exempt Bonds...............................................    1545--BC40
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2901        Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax    1545--AC09
            and Civil Penalties for Failure To File.............................................
2902        Income Tax--Definition of Qualified Possession Source Investment Income for Purposes    1545--AC10
            of Puerto Rico and Possession Tax Credit............................................
2903        FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other     1545--AI16
            Special Rules for FSC...............................................................
2904        Information From Passport and Immigration Applicants................................    1545--AJ93
2905        Income of Foreign Governments and International Organizations.......................    1545--AL93
2906        Clarification of Treatment of Separate Limitation Losses............................    1545--AM11
2907        Earnings and Profits of Controlled Foreign Corporations.............................    1545--AM90
2908        Caribbean Basin Investments.........................................................    1545--AM91
2909        Consolidated Alternative Minimum Tax................................................    1545--AN73
2910        Conforming Taxable Years of CFCs and FPHCs..........................................    1545--AO22
2911        Charitable Contributions............................................................    1545--AP30
2912        Guidance in Notice 89--37, Which Treats the Receipt of a Corporate Partner's Stock      1545--AP52
            by the Corporate Partner as a Circumvention of General Utilities Repeal.............
2913        Use of GAAP Earnings as E&P of Foreign Corporations.................................    1545--AQ55
2914        The Treatment of Accelerated Death Benefits.........................................    1545--AQ70
2915        Foreign Trusts Regulations..........................................................    1545--AR25
2916        Treatment of Dual Consolidated Losses...............................................    1545--AR26
2917        Allocation of Accrued Benefits Between Employer and Employee Contributions..........    1545--AT82
2918        Foreign Corporations Regulations....................................................    1545--AT96
2919        Application of Grantor Trust Rules to Nonexempt Employees' Trust....................    1545--AU29
2920        Application of Attribution Rules to Foreign Trusts..................................    1545--AU91
2921        Financial Asset Securitization Investment Trust (FASIT) Start--up; Operational and      1545--AU94
            Transitional Rules..................................................................

[[Page 73373]]

 
2922        Agreements for Payment of Tax Liabilities in Installments...........................    1545--AU97
2923        Substantiating Travel Expense Deductions for Members of Congress....................    1545--AV55
2924        Stocks and Securities Safe Harbor Exception.........................................    1545--AW13
2925        Contingent Debt Instrument..........................................................    1545--AW33
2926        Source of Income From Certain Space and Ocean Activities and for Communications         1545--AW50
            Income..............................................................................
2927        Highway Vehicle--Definition.........................................................    1545--AX10
2928        Guaranteed Investment Contracts.....................................................    1545--AX22
2929        Inspection of Written Determinations................................................    1545--AX40
2930        Definition of Passive Foreign Investment Company Under Section 1297.................    1545--AX78
2931        Active Conduct of an Insurance Business Under PFIC Rules............................    1545--AY20
2932        HIPAA General Nondiscrimination.....................................................    1545--AY32
2933        HIPAA Nondiscrimination Exception for Church Plans..................................    1545--AY33
2934        HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs...................    1545--AY34
2935        Special Rules Relating to Transfers of Intangibles to Foreign Corporations..........    1545--AY41
2936        Recognition of Gain on Certain Distributions of Stock or Securities in Connection       1545--AY42
            with an Acquisition.................................................................
2937        Special Rules for S Corporations....................................................    1545--AY44
2938        Normal Retirement Age for Pension Plans.............................................    1545--AY61
2939        Liabilities Assumed in Certain Corporate Transactions...............................    1545--AY74
2940        Normalization.......................................................................    1545--AY75
2941        Research Credit III.................................................................    1545--AY82
2942        Transitional Relief for Qualified Intermediaries....................................    1545--AY92
2943        Consolidated Returns; Nonapplicability of Section 357(c)............................    1545--BA09
2944        Procurement/Purchasing Card Reporting...............................................    1545--BA17
2945        Interest Other Than That of a Creditor..............................................    1545--BA69
2946        Redemptions Treated as Dividends....................................................    1545--BA80
2947        Carryover and Stacking Rule Amendment...............................................    1545--BA85
2948        Designated IRS Officer or Employee..................................................    1545--BA89
2949        Tax Book Value Disparities..........................................................    1545--BA92
2950        Earnings and Profits Attribution Principles.........................................    1545--BA93
2951        Communications Excise Tax; Taxable Communication Services...........................    1545--BB04
2952        Investigative Disclosures...........................................................    1545--BB16
2953        Mixed Use Output Facilities.........................................................    1545--BB23
2954        Duplicative Tax Benefits............................................................    1545--BB25
2955        Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year...    1545--BB27
2956        Treatment of Services Under Section 482.............................................    1545--BB31
2957        Preparer Penalties--Signature Requirement and Copies of Returns.....................    1545--BB34
2958        Safe Harbor Leasing Second Interest Capitalization..................................    1545--BB62
2959        Safe Harbor Leasing Second Interest Capitalization (Temporary)......................    1545--BB63
2960        Use of Government Depositaries in Connection With Tax Under the Federal Unemployment    1545--BB67
            Tax Act (Temporary).................................................................
2961        Statutory Options (Temporary).......................................................    1545--BB69
2962        Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and       1545--BB96
            Opportunity for Hearing Upon Filing of Notice of Lien...............................
2963        Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings         1545--BB97
            Before Levy.........................................................................
2964        Computation of Tax Attributes.......................................................    1545--BB98
2965        Prohibited Allocation of Securities in an S Corporation.............................    1545--BC34
2966        Guidance on PFIC Purging Elections..................................................    1545--BC37
2967        Guidance on PFIC Purging Elections (Temporary)......................................    1545--BC49
2968        Coordination of United States and Certain Possessions Income Taxes..................    1545--BC54
2969        Suspension of Running of Period of Limitation During a Proceeding To Enforce or         1545--BC55
            Quash a Designated or Related Summons...............................................
2970        Guidance Under Section 2053 Regarding Post--Death Events............................    1545--BC56
2971        Section 1045 Application to Partnerships............................................    1545--BC67
----------------------------------------------------------------------------------------------------------------


[[Page 73374]]


                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2972        Golden Parachute Payments...........................................................    1545--AH49
2973        Railroad Unemployment Repayment Tax.................................................    1545--AN40
2974        Treatment of Obligation--Shifting Transactions......................................    1545--AU19
2975        Guidance Under Subpart F Relating to Certain Hybrid Transactions....................    1545--AW63
2976        Allocation of Research Credit.......................................................    1545--AX05
2977        Straddles--One Side Larger Than the Other...........................................    1545--AX16
2978        Allocating Basis Adjustments........................................................    1545--AX18
2979        Special Rules for Retroactive Payments Under Section 417(a)(7)(A) for Qualified         1545--AX34
            Retirement Plans....................................................................
2980        Changes in Entity Classification: Special Rule for Certain Foreign Eligible Entities    1545--AX39
2981        Compensation Deferred Under Eligible Section 457(b) Plans...........................    1545--AX52
2982        Definition of ``Private Activity Bonds'' Allocation and Accounting Regulations......    1545--AX55
2983        Disclosure of Return and Return Information to Designee of Taxpayer.................    1545--AX85
2984        Investment Type Property (Prepayment)...............................................    1545--AY12
2985        Use of Taxpayer Identifying Numbers.................................................    1545--AY24
2986        Dual Consolidated Loss Recapture Events.............................................    1545--AY27
2987        Modified Guaranteed Contracts.......................................................    1545--AY48
2988        Qualified S Election for Testamentary Trusts........................................    1545--AY76
2989        Treatment of Community Income for Certain Individuals Not Filing Joint Returns......    1545--AY83
2990        Charitable Lead Interest............................................................    1545--AY86
2991        Net Gift Treatment..................................................................    1545--AY91
2992        Receipt of Multiple Notices with Respect to Incorrect Taxpayer Identification           1545--BA18
            Numbers.............................................................................
2993        Catch--Up Contributions for Individuals Aged 50 or Over.............................    1545--BA24
2994        Amendments to Rules for Allocation of Basis.........................................    1545--BA32
2995        Earned Income Credit................................................................    1545--BA34
2996        Split--Dollar Life Insurance........................................................    1545--BA44
2997        Treatment of Funded Welfare Benefit Plans...........................................    1545--BA47
2998        User Fees for Offers To Compromise..................................................    1545--BA54
2999        Compensatory Stock Options Under Section 482........................................    1545--BA57
3000        Controlled Foreign Partnership Reporting............................................    1545--BA77
3001        Foreign Corporations--Treatment of Distributions or Liquidations....................    1545--BA79
3002        Earnings Calculation for Returned or Recharacterized Contributions..................    1545--BA82
3003        Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities         1545--BA91
            (Temporary).........................................................................
3004        Generation--Skipping Transfer Tax Relief Provisions.................................    1545--BA94
3005        Employment Taxes--Failure--to--Deposit Penalty......................................    1545--BA97
3006        Depreciation of Vans and Light Trucks (Temporary)...................................    1545--BB06
3007        Disclosure of Reportable Transactions...............................................    1545--BB07
3008        Registration of Reportable Transactions.............................................    1545--BB08
3009        List Maintenance Requirement for Reportable Transactions............................    1545--BB09
3010        Investigative Disclosures (Temporary)...............................................    1545--BB17
3011        Substantiation of Incidental Expenses...............................................    1545--BB20
3012        Authorization for IRS To Charge Fees For Copying Exempt Organization Returns            1545--BB22
            (Temporary).........................................................................
3013        Exclusions from Gross Income of Foreign Corporations................................    1545--BB30
3014        Fractional Parts of a Dollar........................................................    1545--BB35
3015        Investment Adjustment Rules and Waiver of Loss Carryovers From SRLY Years--Amended      1545--BB39
            (Temporary).........................................................................
3016        Fractional Parts of a Dollar (Temporary)............................................    1545--BB42
3017        Update to Section 6081 Regulations (Temporary)......................................    1545--BB55
3018        Real Estate Mortgage Investment Conduits; Application of Section 446 With Respect to    1545--BB74
            Inducement Fees (Temporary).........................................................
3019        Availability of Section 338(h)(10) Election in Multistep Transactions (Temporary)...    1545--BB78
3020        Guidance Under Section 368 Regarding Restricted Stock...............................    1545--BB87
3021        Disclosure of Return Information to the Department of Agriculture (Temporary).......    1545--BB91
3022        Distributions of Loss Corporation Stock by Qualified Plans (Temporary)..............    1545--BB99
3023        Tax Exempt Bond Partnership Reporting Regulation (Temporary)........................    1545--BC01
3024        Other Assessable Penalties with Respect to the Preparation of Income Tax Returns for    1545--BC12
            Other Persons.......................................................................
3025        Special Depreciation Allowance (Temporary)..........................................    1545--BC19
3026        Transfers of Compensatory Options to Related Persons................................    1545--BC21
3027        Limitation on Use of the Nonaccrual Experience Method of Accounting.................    1545--BC31
3028        Prohibited Allocation of Securities in an S Corporation (Temporary).................    1545--BC33
3029        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated    1545--BC39
            Group (Temporary)...................................................................

[[Page 73375]]

 
3030        Reduction of Tax Attributes Due to Discharge of Indebtedness (Temporary)............    1545--BC47
----------------------------------------------------------------------------------------------------------------


                                   Office of Thrift Supervision--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3031        Risk--Based Capital Guidelines; Implementation of New Basel Capital Accord..........    1550--AB56
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3032        Risk--Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:       1550--AB81
            Asset--Backed Commercial Paper Programs and Early Amortization Provisions...........
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3033        Risk--Based Capital Guidelines; Capital Guidelines; Capital Maintenance: Interim        1550--AB79
            Capital Treatment of Consolidated Asset--Backed Commercial Paper Program Assets.....
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3034        12 CFR 571 Fair Credit Reporting....................................................    1550--AB33
3035        12 CFR 563e Community Reinvestment Act..............................................    1550--AB48
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3036        12 CFR 567 Capital Rules............................................................    1550--AB11
3037        12 CFR 545 Directors and Officers...................................................    1550--AB19
3038        12 CFR 513 Removal, Suspension, and Debarment of Accountants from Performing Audit      1550--AB53
            Services............................................................................
3039        12 CFR 545 Federal Savings Associations--Operations, Agency Offices; Fiduciary          1550--AB80
            Powers of Savings Associations......................................................
3040        Customer Identification Programs for Banks, Savings Associations, and Certain           1550--AB82
            Nonfederally Regulated Banks........................................................
3041        12 CFR 506 Savings Associations--Operations; Transactions with Affiliates...........    1550--AB84
3042        Regulatory Reporting Standards: Qualifications for Independent Public Accounts          1550--AB85
            Performing Audit Services for Voluntary Audit Filers................................
----------------------------------------------------------------------------------------------------------------


[[Page 73376]]

_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2513. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM; 
REPORTING REQUIREMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 4703; 12 USC 4703 note; 12 USC 4717; 31 USC 321

CFR Citation: 12 CFR 1805

Legal Deadline: None

Abstract: We are proposing changes to require entities certified by us 
as Community Development Financial Institutions (CDFIs) to submit 
reports that we may from time to time require to enable us to better: 
1) evaluate the impact of the CDFI Program; and 2) monitor such 
entities' continued eligibility as certified CDFIs. We are also 
proposing to give the Fund the discretion to decertify a certified CDFI 
that does not timely submit such required reports.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/04
NPRM Comment Period End         06/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeffrey C. Berg, Legal Counsel, Department of the 
Treasury, Suite 200 South, Community Development Financial Institutions 
Fund, 601 13th Street NW., Washington, DC 20005
Phone: 202 622--8530
Fax: 202 622--8244
Email: [email protected]

RIN: 1505-AA93
_______________________________________________________________________




2514. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: CUSTOMER 
PROTECTION--RESERVES AND CUSTODY OF SECURITIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 17 CFR 403.4

Legal Deadline: None

Abstract: The proposal would allow for the expansion of the categories 
of collateral registered government securities brokers and dealers may 
pledge when borrowing fully paid or excess margin securities from 
customers. This proposal is a conforming technical amendment to the 
Government Securities Act regulations. It is based on the Securities 
and Exchange Commission's revisions to its customer protection 
requirements for brokers and dealers subject to the requirements of 17 
CFR 240.15c3--3(b)(3).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/03
NPRM Comment Period End         12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lori Santamorena, Executive Director, Department of the 
Treasury, Room 315, Room 315, Government Securities Regulations Staff, 
999 E Street NW., Washington, DC 20239
Phone: 202 691--3632
Fax: 202 219--3639
Email: [email protected]

Kevin Hawkins, Government Securities Specialist, Department of the 
Treasury, Room 315, Room 315, Government Securities Regulations Staff, 
999 E Street NW., Washington, DC 20239
Phone: 202 691--3632
Fax: 202 219--3639
Email: [email protected]

RIN: 1505-AA94
_______________________________________________________________________




2515. [bull] AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: 
EXEMPTION FOR HOLDINGS SUBJECT TO FIDUCIARY STANDARDS

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

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

CFR Citation: 17 CFR 450.3

Legal Deadline: None

Abstract: The proposed rule would amend the Government Securities Act 
regulations applicable to custodial holdings of Government securities 
by depository institutions. Specifically, this proposal would expand 
the eligibility for the exemption for holdings subject to fiduciary 
standards at 17 CFR part 450.3 to include savings associations examined 
by the Office of Thrift Supervision. The exemption is currently 
available to depository institutions that meet its conditions regulated 
by the Federal Deposit Insurance Corporation, the Comptroller of the 
Currency, and the Board of Governors of the Federal Reserve System.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/03
NPRM Comment Period End         12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Deidere R. Brewer, Government Securities Specialist, 
Department of the Treasury, Room 315, Government Securities Regulations 
Staff, 999 E Street NW., Washington, DC 20239
Phone: 202 691--3632
Fax: 202 219--3639
Email: [email protected]

Lori Santamorena, Executive Director, Department of the Treasury, Room 
315, Room 315, Government Securities Regulations Staff, 999 E Street 
NW., Washington, DC 20239
Phone: 202 691--3632
Fax: 202 219--3639
Email: [email protected]

Kurt Eidemiller, Senior Financial Advisor, Department of the Treasury, 
Room 315, Government Securities Regulations Staff, 999 E Street NW., 
Washington, DC 20239
Phone: 202 691--3632
Fax: 202 219--3639
Email: [email protected]

RIN: 1505-AB06
_______________________________________________________________________




2516. [bull] TERRORISM RISK INSURANCE PROGRAM; INITIAL CLAIMS PROCEDURE 
REQUIREMENTS

Priority: Other Significant

Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107--297, 
116 Stat 2322; 15 USC 6701 note; 5 USC 301

CFR Citation: 31 CFR 50

Legal Deadline: None

Abstract: As the statutorily authorized administrator of the Terrorism 
Risk

[[Page 73377]]

Insurance Program, Treasury is issuing proposed and final regulations 
to implement the Program. Under the Terrorism Risk Insurance Act, title 
I, Public Law 107--297, and the Program, the Federal Government shares 
the risk of insured losses from certified acts of terrorism with 
commercial property and casualty insurers until the Program sunsets on 
December 31, 2005. This rule incorporates and clarifies statutory 
conditions for filing claims for payment of the Federal share of 
compensation for insured losses under the Program. The rule addresses 
requirements for loss certification, specifies information needed in 
conjunction with insurer submissions for Federal compensation, offers 
guidance on the statutory definition of what is payable as the federal 
share of insured losses, and sets forth requirements for investigating 
and auditing claims under the Program. The rule generally builds upon 
previous interim guidances and final rules issued by Treasury, 
particularly in areas involving definitions and disclosure 
requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03
NPRM Comment Period End         01/00/04
Final Rule                      02/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of 
the Treasury, Office of Financial Institutions, Terrorism Risk 
Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622--6770

RIN: 1505-AB07
_______________________________________________________________________




2517. [bull] TERRORISM RISK INSURANCE PROGRAM; LITIGATION MANAGEMENT

Priority: Other Significant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107--297, 
116 Stat 2322; 15 USC 6701 note; 5 USC 301

CFR Citation: 31 CFR 50

Legal Deadline: None

Abstract: As the statutorily authorized administrator of the Terrorism 
Risk Insurance Program, Treasury is issuing proposed and final 
regulations to implement the Program. Under the Terrorism Risk 
Insurance Act, title I, Public Law 107--297, and the Program, the 
Federal Government shares the risk of insured losses from certified 
acts of terrorism with commercial property and casualty insurers until 
the Program sunsets on December 31, 2005. This rule implements the 
litigation management provisions of section 107 of the Act as well as 
other litigation relating to the Program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03
NPRM Comment Period End         01/00/04
Final Rule                      02/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of 
the Treasury, Office of Financial Institutions, Terrorism Risk 
Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622--6770

RIN: 1505-AB08
_______________________________________________________________________




2518. [bull] TERRORISM RISK INSURANCE PROGRAM; ADDITIONAL CLAIMS ISSUES

Priority: Other Significant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107--297, 
116 Stat 2322; 15 USC 6701 note; 5 USC 301

CFR Citation: 31 CFR 50

Legal Deadline: None

Abstract: As the statutorily authorized administrator of the Terrorism 
Risk Insurance Program, Treasury is issuing proposed and final 
regulations to implement the Program. Under the Terrorism Risk 
Insurance Act, title I, Public Law 107--297, and the Program, the 
Federal Government shares the risk of insured losses from certified 
acts of terrorism with commercial property and casualty insurers until 
the Program sunsets on December 31, 2005. This rule provides 
requirements for claims procedures related to the later stages of 
claims administration and final netting of losses as well as secondary 
issues such as procedures in case of insurer insolvency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/04
NPRM Comment Period End         02/00/04
Final Rule                      04/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of 
the Treasury, Office of Financial Institutions, Terrorism Risk 
Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622--6770

RIN: 1505-AB09
_______________________________________________________________________




2519. 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 the Bureau of Customs 
and Border Protection, 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                            04/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AB54

Agency Contact: Dick Crichton, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229

[[Page 73378]]

Phone: 202 927--0162

RIN: 1505-AB13
_______________________________________________________________________




2520. 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 the Bureau of Customs and 
Border Protection must liquidate a suspended entry after the suspension 
is removed; remove the application of the four--year limitation to 
suspended entries; and provide that the agency must also inform 
sureties when an entry is suspended or extended.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AB66

Agency Contact: William G. Rosoff, Chief, Duty Refund and Determination 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8807

RIN: 1505-AB14
_______________________________________________________________________




2521. 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                            05/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AB74

Agency Contact: George F. McCray, Chief, Intellectual Property Rights 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8709

RIN: 1505-AB15
_______________________________________________________________________




2522. 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 the Bureau of Customs and Border Protection 
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                            04/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AC23

Agency Contact: Lisa Santana, Import Specialist, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927--4342

RIN: 1505-AB20
_______________________________________________________________________




2523. [bull] MERCHANDISE PROCESSING FEES ELIGIBLE TO BE CLAIMED AS 
CERTAIN TYPES OF DRAWBACK BASED ON SUBSTITUTION OF FINISHED PETROLEUM 
DERIVATIVES

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

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 that merchandise processing fees are 
eligible to be claimed, in limited circumstances, as drawback based on 
substitution of finished petroleum derivatives. Amendment is consistent 
with a court decision in which merchandise processing fees were found 
to be eligible to be claimed as unused merchandise drawback. As 
drawback based on substitution of finished petroleum derivatives is, in 
limited circumstances, treated in the same manner as unused merchandise 
drawback, the amendment reflects that merchandise processing fees are 
also eligible to be claimed as drawback in these circumstances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/02/03                    68 FR 56804
NPRM Comment Period End         12/01/03
Final Action                    04/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AD32

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

[[Page 73379]]

Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8807

RIN: 1505-AB44
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2524. COMMON RULE SUSPENSION AND DEBARMENT

Priority: Substantive, Nonsignificant

Legal Authority: 41 USC 701

CFR Citation: 31 CFR 19; 31 CFR 20

Legal Deadline: None

Abstract: The common rule provides uniform requirements for debarment 
and suspension by executive branch agencies to protect assistance, 
loans, benefits and other nonprocurement activities from waste, fraud, 
abuse and poor performance, similar to the system used for Federal 
procurement activities under subpart 9.4 of the Federal Acquisition 
Regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/26/03                    68 FR 66605
Interim Final Rule Comment 
Period End                      01/26/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Brian Lee, Department of the Treasury, Metropolitan 
Square Room 6212, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622--0808
Fax: 202 622--2318

RIN: 1505-AA86
_______________________________________________________________________




2525. REPORTING AND PROCEDURES REGULATIONS; CUBAN ASSETS CONTROL 
REGULATIONS: PUBLICATION OF ECONOMIC SANCTIONS ENFORCEMENT GUIDELINES

Priority: Substantive, Nonsignificant

Legal Authority: 21 USC 1901 to 1908; 22 USC 287c; 31 USC 321(b); 50 
USC 1701 to 1706; 50 USC app 1--44

CFR Citation: 31 CFR 501; 31 CFR 515

Legal Deadline: None

Abstract: The Office of Foreign Assets Control (OFAC) of the U.S. 
Department of the Treasury is publishing for public comment an updated 
version of its internal Economic Sanctions Enforcement Guidelines. 
These Guidelines are being published as separate appendices to two 
parts of the Code of Federal Regulations: 1) general provisions are 
being published as an appendix to the Reporting and Procedures 
Regulations, 31 CFR part 501; and 2) specific provisions focusing on 
Cuba are being published as an appendix to the Cuban Assets Control 
Regulations, 31 CFR part 515.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/03                     68 FR 4422
NPRM Comment Period End         03/31/03
Final Rule                      12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Chief of Records, Department of the Treasury, Annex--
2nd Floor, Office of Foreign Assets Control, 1500 Pensylvania Avenue 
NW., Washington, DC 20220
Phone: 202 622--2530
Fax: 202 622--1657

RIN: 1505-AA95
_______________________________________________________________________




2526. DISCLOSURE OF RECORDS IN LITIGATION

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 31 USC 321

CFR Citation: 31 CFR 1.8 to 1.12

Legal Deadline: None

Abstract: This interim final rule amends Treasury's regulations that 
govern access to information and records in connection with legal 
proceedings, including litigation in which neither the United States 
nor the Department of the Treasury is a party. The amendments elaborate 
on the procedures used when determining whether employees in the 
Departmental Offices will be permitted to testify or provide records 
relating to their official duties when they are directly subpoenaed or 
otherwise requested to testify. The amendments also specify and clarify 
the criteria that Treasury officials use when deciding whether to allow 
an employee to testify or provide records.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/17/03                    68 FR 12584
Interim Final Rule Effective    03/17/03
Interim Final Rule Comment 
Period End                      04/16/03
Final Rule                      12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Thomas M. McGivern, Assistant General Counsel, 
Department of the Treasury, Room 3010, 1500 Pennsylvania Avenue NW., 
Washington, DC 20220
Phone: 202 622--2317
Fax: 202 622--2961
Email: [email protected]

RIN: 1505-AA97
_______________________________________________________________________




2527. 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, Final.

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

[[Page 73380]]

improvement and maintenance of U.S. ports and harbors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/00/04
Interim Final Rule Effective    03/01/87
Interim Final Rule              03/30/87                    52 FR 10198
Interim Final Rule Comment 
Period End                      05/29/87

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AA57

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

RIN: 1505-AB11
_______________________________________________________________________




2528. 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 the Bureau of Customs and 
Border Protection 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                    04/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AA87

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

RIN: 1505-AB12
_______________________________________________________________________




2529. 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, Final.

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 (NAFTA). 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 Effective    01/01/96
Interim Final Rule              01/30/96                     61 FR 2908
Interim Final Rule Comment 
Period End                      04/01/96
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AB87

Agency Contact: Shawn Filion, Commercial Program Specialist, Department 
of the Treasury, Office of Field Operations, North Star Commercial, 
P.O. Box 400, Buffalo, NY 14225
Phone: 716 551--3053

RIN: 1505-AB17
_______________________________________________________________________




2530. 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                    05/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AC32

Agency Contact: Monika Rice Brenner, Chief, Special Classification and 
Marking Branch, Department of the Treasury, Office of Regulations and 
Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8810

Kristen VerSteeg, Attorney--Advisor, Special Classification and Marking 
Branch, Department of the Treasury, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572--8832

RIN: 1505-AB21
_______________________________________________________________________




2531. 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;

[[Page 73381]]

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                    01/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AC63

Agency Contact: Kimberly Nott, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927--0042

RIN: 1505-AB24
_______________________________________________________________________




2532. 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, Final.

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 nonimport--sensitive, nontextile 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 Effective    10/01/00
Interim Final Rule              10/05/00                    65 FR 59668
Interim Final Rule Comment 
Period End                      12/04/00
Final Action                    03/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AC72

Agency Contact: Leon Hayward, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927--3271

Cynthia Reese, Senior Attorney, Department of the Treasury, Room 503, 
Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572--8790

RIN: 1505-AB26
_______________________________________________________________________




2533. 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                            07/25/02                    67 FR 48594
NPRM Comment Period End         09/23/02
Final Action                    03/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AC74

Agency Contact: Debbie Scott, Chief, Entry and Drawback Management, 
Department of the Treasury, Office of Field Operations, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927--1962

RIN: 1505-AB27
_______________________________________________________________________




2534. 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, Final.

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 nontextile articles that are excluded from 
duty--free treatment under the Caribbean Basin Initiative program.

[[Page 73382]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Effective    10/01/00                    65 FR 59650
Interim Final Rule              10/05/00                    65 FR 59650
Interim Final Rule Comment 
Period End                      12/04/00
Final Action                    03/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AC76

Agency Contact: Craig Walker, Senior Attorney--Advisor, Department of 
the Treasury, Special Classification and Marking Branch, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8810

Leon Hayward, Operations Officer, Department of the Treasury, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927--3271

Cynthia Reese, Senior Attorney, Department of the Treasury, Room 503, 
Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572--8790

RIN: 1505-AB28
_______________________________________________________________________




2535. 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                     10/09/02                    67 FR 62920
Second NPRM Comment Period End  12/09/02
Final Action                    01/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AC77

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

RIN: 1505-AB29
_______________________________________________________________________




2536. 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, Final.

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                    05/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AC87

Agency Contact: Jeremy Baskin, Attorney--Advisor, Penalties Branch, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8753

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

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

RIN: 1505-AB31
_______________________________________________________________________




2537. 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, Final.

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                    12/00/03

Regulatory Flexibility Analysis Required: No

[[Page 73383]]

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AC88

Agency Contact: Lisa Santana, Import Specialist, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927--4342

RIN: 1505-AB32
_______________________________________________________________________




2538. 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, Final.

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                    07/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AC89

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

Cynthia Reese, Senior Attorney, Department of the Treasury, Room 503, 
Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572--8790

RIN: 1505-AB33
_______________________________________________________________________




2539. 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, Final.

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                    04/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AC94

Agency Contact: Gina Grier, Attorney, Entry Procedures and Carriers 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8730

Robert E. Watt, Program Officer, Department of the Treasury, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927--0279

RIN: 1505-AB34
_______________________________________________________________________




2540. IMPLEMENTATION OF THE ANDEAN TRADE PROMOTION AND DRUG ERADICATION 
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 
3203; 19 USC 3314

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: None

Abstract: Amendment to implement the trade benefit provisions for 
Andean countries contained in title XXXI of the Trade Act of 2002. The 
trade benefits under title XXXI, also referred to as the Andean Trade 
Promotion and Drug Eradication Act (the ATPDEA), apply to Andean 
countries specifically designated by the President for ATPDEA purposes. 
The ATPDEA trade benefits involve the entry of specific apparel and 
other textile articles free of duty and free of any quantitative 
restrictions, limitations, or consultation levels, the extension of 
duty--free treatment to specified nontextile articles normally excluded 
from duty--free treatment under the Andean Trade Preference Act (ATPA) 
program if the President finds those articles to be not import--
sensitive in the context of the ATPDEA, and the entry of certain 
imports of tuna free of duty and free of any quantitative restrictions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/25/03                    68 FR 14478
Interim Final Rule Effective    03/25/03
Interim Final Rule Comment 
Period End                      05/27/03
Final Action                    03/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AD19

Agency Contact: Craig Walker, Senior Attorney--Advisor, Department of 
the Treasury, Special Classification and Marking Branch, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8810

Leon Hayward, Operations Officer, Department of the Treasury, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229

[[Page 73384]]

Phone: 202 927--3271

Cynthia Reese, Senior Attorney, Department of the Treasury, Room 503, 
Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572--8790

Robert Abels, Operations Officer, Department of the Treasury, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927--1959

RIN: 1505-AB37
_______________________________________________________________________




2541. TRADE BENEFITS UNDER THE AFRICAN GROWTH AND OPPORTUNITY 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 
3721; 19 USC 3314

CFR Citation: 19 CFR 10

Legal Deadline: None

Abstract: Amendment to those provisions of the Customs Regulations that 
implement the trade benefit provisions for sub--Saharan African 
countries contained in the African Growth and Opportunity Act (the 
AGOA). Amendments involve the textile and apparel provisions of the 
AGOA and in part reflect changes to those statutory provisions by 
section 3108 of the Trade Act of 2002. The specific statutory changes 
involve the amendment of several provisions to clarify the status of 
apparel articles assembled from knit--to--shape components, the 
inclusion of a specific reference to apparel articles formed on 
seamless knitting machines, a change of the wool fiber diameter 
specified in one provision, and the addition of a new provision to 
cover additional production scenarios involving the United States and 
AGOA beneficiary countries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/21/03                    68 FR 13820
Interim Final Rule Effective    03/21/03
Interim Final Rule Comment 
Period End                      05/20/03
Final Action                    03/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AD20

Agency Contact: Robert Abels, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927--1959

Cynthia Reese, Senior Attorney, Department of the Treasury, Room 503, 
Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572--8790

RIN: 1505-AB38
_______________________________________________________________________




2542. FEES FOR CUSTOMS PROCESSING AT EXPRESS COURIER FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 
19 USC 1505; 19 USC 261; 19 USC 267; 19 USC 1450 to 1452; 19 USC 1456; 
19 USC 1524; 19 USC 1557; 19 USC 1562; 19 USC 1624; 26 USC 4461; 26 USC 
4462; 19 USC 3332; 46 USC 2110 to 2112

CFR Citation: 19 CFR 24; 19 CFR 113; 19 CFR 128

Legal Deadline: None

Abstract: Amendment to implement amendments to the customs user fee 
statute made by section 337 of the Trade Act of 2002. Statutory 
amendments concern the fees payable for customs services provided in 
connection with the informal entry or release of shipments at express 
consignment carrier facilities and centralized hub facilities. The 
effect of the statutory amendments is to replace the annual lump sum 
payment procedure with a quarterly payment procedure based on a 
specific fee for each individual airway bill or bill of lading.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AD21

Agency Contact: Joseph Lanzante, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927--5246

RIN: 1505-AB39
_______________________________________________________________________




2543. TRADE BENEFITS UNDER THE CARIBBEAN BASIN ECONOMIC RECOVERY 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

Legal Deadline: None

Abstract: Amendment to implement the trade benefits for Caribbean Basin 
countries contained in section 213(b) of the Caribbean Basin Economic 
Recovery Act (the CBERA). Amendments involve the textile and apparel 
provisions of section 213(b) and in part reflect changes made to those 
statutory provisions by section 3107 of the Trade Act of 2002. The 
specific statutory changes involve the amendment of several provisions 
to clarify the status of apparel articles assembled from knit--to--
shape components, the addition of language requiring any dyeing, 
printing, and finishing of certain fabrics to be done in the United 
States, the inclusion of exception language in the brassieres provision 
regarding articles entered under other CBERA apparel provisions, the 
addition of a provision permitting the dyeing, printing, and finishing 
of thread in the Caribbean region, and the addition of a new provision 
to cover additional production scenarios involving the United States 
and the Caribbean region.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/21/03                    68 FR 13827
Interim Final Rule Effective    03/21/03
Interim Final Rule Comment 
Period End                      05/20/03
Final Action                    03/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 73385]]

Additional Information: Transferred from RIN 1515--AD22

Agency Contact: Robert Abels, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 927--1959

Cynthia Reese, Senior Attorney, Department of the Treasury, Room 503, 
Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572--8790

RIN: 1505-AB40
_______________________________________________________________________




2544. TARIFF TREATMENT RELATED TO DISASSEMBLY OPERATIONS UNDER THE NORTH 
AMERICAN FREE TRADE AGREEMENT (NAFTA)

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 amend the Customs Regulations concerning the 
North American Free Trade Agreement (NAFTA) to allow components that 
are recovered from the disassembly of used goods in a NAFTA country to 
be entitled to NAFTA originating status when imported into the United 
States, provided that: the recovered components satisfy the applicable 
NAFTA rules of origin requirements; and where the applicable rule of 
origin does not include a regional value content requirement, the 
components are subject to further processing in the NAFTA country 
beyond certain minor operations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/13/03                    68 FR 12011
NPRM Comment Period End         05/12/03
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AD23

Agency Contact: Edward M. Leigh, Attorney, Special Classification and 
Marking Branch, Department of the Treasury, Office of Regulations and 
Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8827

RIN: 1505-AB41
_______________________________________________________________________




2545. REFUND OF DUTIES PAID ON IMPORTS OF CERTAIN WOOL PRODUCTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10

Legal Deadline: None

Abstract: Amendment to remove the regulation originally promulgated to 
provide procedures for the issuance of refunds of duties paid on 
certain wool imports pursuant to section 505 of title V of the Trade 
and Development Act of 2000. As section 5101 of the Trade Act of 2002 
significantly amended section 505 and provides self--effectuating 
procedures for the issuance of the refunds, the regulation implementing 
section 505 is no longer necessary and is obsolete.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AD27

Agency Contact: Suzanne Kingsbury, Attorney, Regulations Branch, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8763

RIN: 1505-AB43
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Departmental Offices (DO)



_______________________________________________________________________




2546. 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
_______________________________________________________________________




2547. 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
_______________________________________________________________________




2548. 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

[[Page 73386]]

Phone: 202 622--1976
Fax: 202 622--1974
Email: [email protected]

RIN: 1505-AA81
_______________________________________________________________________




2549. 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
_______________________________________________________________________




2550. 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
_______________________________________________________________________




2551. TREASURY DEBT COLLECTION

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 5

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/28/02                    67 FR 65843
Interim Final Rule Comment 
Period End                      11/27/02
Next Action Undetermined         To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Brian Lee
Phone: 202 622--0808
Fax: 202 622--2318

RIN: 1505-AA90
_______________________________________________________________________




2552. BANK ENTERPRISE AWARD (BEA) PROGRAM

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1806

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              02/04/03                     68 FR 5717
Interim Final Rule Comment 
Period End                      04/07/03


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeffrey C. Berg
Phone: 202 622--8530
Fax: 202 622--8244
Email: [email protected]

RIN: 1505-AA91
_______________________________________________________________________




2553. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1805

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              02/04/03                     68 FR 5704
Interim Final Rule Comment 
Period End                      04/07/03


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeffrey C. Berg
Phone: 202 622--8530
Fax: 202 622--8244
Email: [email protected]

RIN: 1505-AA92
_______________________________________________________________________




2554. [bull] TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL 
SHARE OF COMPENSATION FOR INSURED LOSSES

Priority: Other Significant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107--297, 
116 Stat 2322; 15 USC 6701 note; 5 USC 301

CFR Citation: 31 CFR 50

Legal Deadline: None

Abstract: As the statutorily authorized administrator of the Terrorism 
Risk Insurance Program, Treasury is issuing proposed and final 
regulations to implement the Program. Under the Terrorism Risk 
Insurance Act, title I, Public Law 107--297, and the Program, the 
Federal Government shares the risk of insured losses from certified 
acts of terrorism with commercial property and casualty insurers until 
the Program sunsets on December 31, 2005. This rule incorporates and 
clarifies statutory requirements for the recoupment of the Federal 
share of compensation for insured losses. The rule establishes 
requirements for determining amounts to be recouped and for procedures 
insurers are to use for collecting terrorism loss risk--spreading 
premiums and remitting them to the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of 
the Treasury, Office of Financial Institutions, Terrorism Risk 
Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622--6770

RIN: 1505-AB10
_______________________________________________________________________




2555. RECONCILIATION

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 142; 19 CFR 159

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/04

Regulatory Flexibility Analysis Required: No

[[Page 73387]]

Government Levels Affected: None

Agency Contact: John Leonard
Phone: 202 927--0915

RIN: 1505-AB16
_______________________________________________________________________




2556. 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--3271

RIN: 1505-AB18
_______________________________________________________________________




2557. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 24

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/17/99                    64 FR 13141
NPRM Comment Period End         05/17/99
Final Action                    10/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Lloyd
Phone: 202 927--0119

RIN: 1505-AB22
_______________________________________________________________________




2558. 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--3271

RIN: 1505-AB23
_______________________________________________________________________




2559. REQUIREMENTS FOR FUTURE CUSTOMS TRANSACTIONS WHEN PAYMENT TO 
CUSTOMS ON PRIOR TRANSACTIONS IS DELINQUENT AND/OR DISHONORED

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 142; 19 CFR 24

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Next Action Undetermined         To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Reiley
Phone: 202 927--1504

RIN: 1505-AB25
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Departmental Offices (DO)



_______________________________________________________________________




2560. DEPARTMENT OF THE TREASURY ACQUISITION REGULATION

Priority: Substantive, Nonsignificant

CFR Citation: 48 CFR ch 10

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/03/03                    68 FR 39854
Final Rule Effective            08/04/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Angelie Jackson
Phone: 202 622--0245
Fax: 202 622--2273
Email: [email protected]

RIN: 1505-AA89
_______________________________________________________________________




2561. TERRORISM RISK INSURANCE PROGRAM; PROGRAM SCOPE AND DEFINITIONS

Priority: Other Significant

CFR Citation: 31 CFR 50

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/11/03                    68 FR 41250
Final Rule Effective            07/11/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mario Ugoletti
Phone: 202 622--2730

RIN: 1505-AA96
_______________________________________________________________________




2562. TERRORISM RISK INSURANCE PROGRAM; DISCLOSURES AND MANDATORY 
AVAILABILITY REQUIREMENTS

Priority: Other Significant

CFR Citation: 31 CFR 50

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/18/03                    68 FR 19309
Interim Final Rule              04/18/03                    68 FR 19302
Interim Final Rule Effective    04/18/03
Interim Final Rule Comment 
Period End                      05/19/03
Final Rule                      10/17/03                    68 FR 59720
Final Rule Effective            10/17/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mario Ugoletti

[[Page 73388]]

Phone: 202 622--2730

RIN: 1505-AA98
_______________________________________________________________________




2563. TERRORISM RISK INSURANCE PROGRAM; STATE RESIDUAL MARKET INSURANCE 
ENTITIES

Priority: Other Significant

CFR Citation: 31 CFR 50

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/18/03                    68 FR 19309
Final Rule                      10/17/03                    68 FR 59715
Final Rule Effective            10/17/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Agency Contact: Mario Ugoletti
Phone: 202 622--2730

RIN: 1505-AA99
_______________________________________________________________________




2564. CUSTOMS ENTRY DOCUMENTATION PURSUANT TO ANTICOUNTERFEITING 
CONSUMER PROTECTION ACT

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 141

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/13/99                    64 FR 49423
Withdrawn                       08/22/03                    68 FR 50733

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: George F. McCray
Phone: 202 572--8709

RIN: 1505-AB19
_______________________________________________________________________




2565. USER FEES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 24; 19 CFR 111

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/24/03                    68 FR 43624
Final Action Effective          08/25/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Reiley
Phone: 202 927--1504

RIN: 1505-AB30
_______________________________________________________________________




2566. CIVIL FINES FOR IMPORTATION OF MERCHANDISE BEARING A COUNTERFEIT 
MARK

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 133

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/24/03                    68 FR 43635
Final Action Effective          08/25/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lynne O. Robinson
Phone: 202 572--8743

RIN: 1505-AB35
_______________________________________________________________________




2567. MANUFACTURING SUBSTITUTION DRAWBACK--DUTY APPORTIONMENT

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 191

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/22/03                    68 FR 50700
Final Action Effective          08/22/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William G. Rosoff
Phone: 202 572--8807

RIN: 1505-AB36
_______________________________________________________________________




2568. PREFERENTIAL TREATMENT OF BRASSIERES UNDER THE CARIBBEAN BASIN 
ECONOMIC RECOVERY ACT

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 10

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              09/30/03                    68 FR 56166
Interim Final Rule Effective    09/30/03
Interim Final Rule Comment 
Period End                      12/01/03
Final Action                    07/24/03                    68 FR 43624
Final Action Effective          07/24/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels
Phone: 202 927--1959

Cynthia Reese
Phone: 202 572--8790

RIN: 1505-AB42
_______________________________________________________________________




2569. [bull] IMPORT RESTRICTIONS IMPOSED ON ARCHAEOLOGICAL MATERIAL FROM 
CAMBODIA

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

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

CFR Citation: 19 CFR 12

Legal Deadline: None

Abstract: Amendment reflects the imposition of import restrictions on 
certain archaeological materials originating in Cambodia. The 
restrictions are imposed pursuant to an agreement between the United 
States and the Government of the Kingdom of Cambodia that was 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                    09/22/03                    68 FR 55000
Final Action Effective          09/22/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AD34

Agency Contact: Joseph Howard, Attorney, Intellectual Property Rights 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8701

RIN: 1505-AB45

[[Page 73389]]

_______________________________________________________________________




2570. [bull] EXTENSION OF EMERGENCY IMPORT RESTRICTIONS IMPOSED ON 
ETHNOLOGICAL MATERIAL FROM CYPRUS

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

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 that the emergency import restrictions 
currently in place on certain ethnological material from Cyprus 
continue, without interruption, for an additional three years.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/29/03                    68 FR 51903
Final Action Effective          09/04/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515--AD38

Agency Contact: Joseph Howard, Attorney, Intellectual Property Rights 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8701

RIN: 1505-AB46
BILLING CODE 4820--02--S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2571. CUSTOMER IDENTIFICATION PROGRAMS FOR PAWN BROKERS

Priority: Substantive, Nonsignificant

Legal Authority: PL 107--56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require pawn brokers to adopt and 
implement reasonable procedures to verify the identity of any person 
seeking to open an account, to the extent reasonable and practicable; 
maintain records of the information used to verify the person's 
identity; and determine whether the person appears on any lists of 
known or suspected terrorists or terrorist organizations provided to 
them by any Government agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Office of the 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-AA39
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2572. 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 notice of proposed rulemaking 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                            06/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Office of the 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
_______________________________________________________________________




2573. 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, Final.

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.

Timetable:
________________________________________________________________________

Anti--Money Laundering Programs for Businesses Engaged in Vehicle 
Sales, Including Automobile, Airplane & Boat Sales (1506--AA60)  ANPRM 
02/24/03 (68 FR 8568)  ANPRM Comment Period End 04/10/03  NPRM 06/00/04

Anti--Money Laundering Programs for Commodity Trading Advisors (1506--
AA55)  NPRM 05/05/03 (68 FR 23640)  NPRM Comment Period End 07/07/
03  Final Rule 06/00/04

Anti--Money Laundering Programs for Dealers in Precious Metals, Stones 
or Jewels (1506--AA58)  NPRM 02/21/03 (68 FR 8480)  NPRM Comment Period 
End 04/22/03  Final Action 06/00/04

[[Page 73390]]

Anti--Money Laundering Programs for Financial Institutions (1506--
AA52)  Interim Final Rule 04/29/02 (67 FR 21110)  Interim Final Rule 
Comment Period End 05/29/02  Final Action 06/00/04

Anti--Money Laundering Programs for Insurance Companies (1506--
AA50)  NPRM 09/26/02 (67 FR 60625)  NPRM Comment Period End 11/25/
02  Final Rule 06/00/04

Anti--Money Laundering Programs for Investment Advisors (1506--
AA51)  NPRM 05/05/03 (68 FR 23646)  NPRM Comment Period End 07/07/
03  Final Rule 06/00/04

Anti--Money Laundering Programs for Loan & Finance Companies (1506--
AA53)  NPRM 06/00/04

Anti--Money Laundering Programs for Money Services Businesses (1506--
AA54)  Interim Final Rule 04/29/02 (67 FR 21114)  Interim Final Rule 
Comment Period End 05/29/02  Final Action 06/00/04

Anti--Money Laundering Programs for Mutual Funds (1506--AA48)  Interim 
Final Rule 04/29/02 (67 FR 21117)  Interim Final Rule Comment Period 
End 05/29/02  Final Action 06/00/04

Anti--Money Laundering Programs for Operators of a Credit Card System 
(1506--AA56)  Interim Final Rule 04/29/02 (67 FR 21121)  Interim Final 
Rule Comment Period End 05/29/02  Final Action 06/00/04

Anti--Money Laundering Programs for Persons Involved in Real Estate 
Closings and Settlements (1506--AA59)  ANPRM 04/10/03 (68 FR 
17569)  ANPRM Comment Period End 06/09/03  NPRM 06/00/04

Anti--Money Laundering Programs for Travel Agencies (1506--AA49)  ANPRM 
02/24/03 (68 FR 8571)  ANPRM Comment Period End 04/10/03  NPRM 06/00/04

Anti--Money Laundering Programs for Unregistered Investment Companies 
(1506--AA57)  NPRM 09/26/02 (67 FR 60617)  NPRM Comment Period End 11/
25/02  Final Rule 06/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the 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
_______________________________________________________________________




2574. CUSTOMER IDENTIFICATION PROGRAMS FOR TRAVEL AGENTS

Priority: Substantive, Nonsignificant

Legal Authority: PL 107--56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require travel agents to adopt and 
implement reasonable procedures to verify the identity of any person 
seeking to open an account, to the extent reasonable and practicable; 
maintain records of the information used to verify the person's 
identity; and determine whether the person appears on any lists of 
known or suspected terrorists or terrorist organizations provided to 
them by any Government agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/24/03                     68 FR 8571
ANPRM Comment Period End        04/10/03
NPRM                            06/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Office of the 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-AA38
_______________________________________________________________________




2575. CUSTOMER IDENTIFICATION PROGRAMS FOR LOAN AND FINANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: PL 107--56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require loan and finance companies to 
adopt and implement reasonable procedures to verify the identity of any 
person seeking to open an account, to the extent reasonable and 
practicable; maintain records of the information used to verify the 
person's identity; and determine whether the person appears on any 
lists of known or suspected terrorists or terrorist organizations 
provided to them by any Government agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Office of the 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-AA40
_______________________________________________________________________




2576. CUSTOMER IDENTIFICATION PROGRAMS FOR SELLERS OF VEHICLES

Priority: Substantive, Nonsignificant

Legal Authority: PL 107--56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require sellers of vehicles to adopt and 
implement reasonable procedures to verify the identity of any person 
seeking to open an account, to the extent reasonable and practicable; 
maintain records of the information used to verify the person's 
identity; and determine whether the person appears on any lists of 
known or suspected terrorists or terrorist organizations provided to 
them by any Government agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/24/03                     68 FR 8568
ANPRM Comment Period End        04/10/03
NPRM                            06/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Office of the 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-AA41

[[Page 73391]]

_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2577. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING 
OF CROSS--BORDER TRANSPORTATION OF CERTAIN MONETARY INSTRUMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the 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
_______________________________________________________________________




2578. 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 final 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 
final 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                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Office of the 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
_______________________________________________________________________




2579. 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, Final.

Abstract: This document contains an interim final 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                    06/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the 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
_______________________________________________________________________




2580. DUE DILIGENCE REQUIREMENTS FOR CORRESPONDENT ACCOUNTS AND PRIVATE 
BANKING ACCOUNTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(i)

CFR Citation: 31 CFR 103.175 to 103.178

Legal Deadline: Final, Statutory, July 23, 2002, Final.

Abstract: Section 5318(i) of 31 U.S.C., added by section 312 of the 
Uniting and Strengthening America by Providing Appropriate Tools 
Required to Intercept and Obstruct Terrorism Act (USA PATRIOT Act) of 
2001, requires U.S. financial institutions to establish due diligence 
policies, procedures, and controls reasonably designed to detect and 
report money laundering through correspondent accounts and private 
banking accounts that U.S. financial institutions establish or maintain 
for non--U.S. persons. Section 312 takes effect on July 23, 2002, 
whether or not Treasury has issued a final rule implementing that 
provision.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/30/02                    67 FR 37736
NPRM Comment Period End         07/01/02
Interim Final Rule              07/23/02                    67 FR 48347
Interim Final Rule Effective    07/23/02
Interim Final Rule Comment 
Period End                      08/22/02
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Office of the 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-AA29
_______________________________________________________________________




2581. CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS, 
AND CREDIT UNIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(l)

CFR Citation: 31 CFR 103.121

[[Page 73392]]

Legal Deadline: Final, Statutory, October 25, 2002, Final.

Abstract: This notice of proposed rulemaking proposes to require banks, 
savings associations, and credit unions to establish written customer 
identification programs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/23/02                    67 FR 48290
NPRM Comment Period End         09/06/02
NPRM                            05/09/03                    68 FR 25163
Final Action                    05/09/03                    68 FR 25090
NPRM Comment Period End         06/23/03
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the 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-AA31
_______________________________________________________________________




2582. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK 
SECRECY ACT REGULATIONS REQUIREMENT THAT INSURANCE COMPANIES REPORT 
SUSPICIOUS TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5332

CFR Citation: 31 CFR 103.16

Legal Deadline: None

Abstract: This document will require insurance companies to report 
suspicious transactions to the Department of the Treasury. The 
amendments constitute a further step in the creation of a comprehensive 
system for the reporting of suspicious transactions by the major 
categories of financial institutions operating in the United States as 
a part of the counter--money laundering program of the Department of 
the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/17/02                    67 FR 64067
NPRM Comment Period End         12/16/02
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the 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-AA36
_______________________________________________________________________




2583. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT 
MUTUAL FUNDS REPORT SUSPICIOUS TRANSACTIONS

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 103.15

Legal Deadline: None

Abstract: This document contains an amendment to the regulations 
implementing the statute generally known as the Bank Secrecy Act. The 
amendment would require mutual funds to report suspicious transactions 
to the Department of the Treasury. The amendment constitutes a further 
step in the creation of a comprehensive system for the reporting of 
suspicious transactions by the major categories of financial 
institutions operating in the United States, as part of the counter--
money laundering program of the Department of the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/03                     68 FR 2716
NPRM Comment Period End         03/24/03
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the 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-AA37
_______________________________________________________________________




2584. IMPOSITION OF SPECIAL MEASURES AGAINST THE COUNTRY OF NAURU

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103.184

Legal Deadline: None

Abstract: This rule will impose ``special measures'' against Nauru. 
Nauru was previously designated as a country of primary money 
laundering concern pursuant to section 311 of the USA Patriot Act on 
December 20, 2002, a prerequisite for the imposition of special 
measures.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/17/03                    68 FR 18914
NPRM Comment Period End         05/19/03
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the 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-AA43
_______________________________________________________________________




2585. FINANCIAL CRIMES ENFORCEMENT NETWORK; DELEGATION OF ENFORCEMENT 
AUTHORITY REGARDING THE FOREIGN BANK ACCOUNT REPORT REQUIREMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 
5332; PL 107--56, sec 312; PL 107--56, sec 314; PL 107--56, sec 352

CFR Citation: 31 CFR 103.56

Legal Deadline: None

Abstract: FinCEN is amending the regulations implementing the Bank 
Secrecy Act to reflect that enforcement authority with respect to the 
foreign bank account report requirements of 31 CFR part 103 has been 
delegated from FinCEN to the Commissioner of the Internal Revenue 
Service.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/04

[[Page 73393]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the 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-AA45
_______________________________________________________________________




2586. [bull] FINANCIAL CRIMES ENFORCEMENT; AMENDMENTS TO THE BANK 
SECRECY ACT REGULATIONS--NOMENCLATURE CHANGES

Priority: Info./Admin./Other. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 31 USC 5318 et seq

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This document amends 31 CFR part 103 to reflect changes to 
the structure of the Department of the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Office of the 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-AA61
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2587. 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: Office of the Chief Counsel
Phone: 703 905--3590
Fax: 703 905--3735

RIN: 1506-AA19
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2588. CUSTOMER IDENTIFICATION PROGRAM FOR BROKER--DEALERS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103.122

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/09/03                    68 FR 25113

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel
Phone: 703 905--3590
Fax: 703 905--3735

RIN: 1506-AA32
_______________________________________________________________________




2589. CUSTOMER IDENTIFICATION PROGRAM FOR MUTUAL FUNDS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103.131

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/09/03                    68 FR 25131

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel
Phone: 703 905--3590
Fax: 703 905--3735

RIN: 1506-AA33
_______________________________________________________________________




2590. REQUIREMENT THAT FUTURES COMMISSION MERCHANTS AND INTRODUCING 
BROKERS IN COMMODITIES REPORT SUSPICIOUS TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103.11; 31 CFR 103.17; 31 CFR 103.33; 31 CFR 
103.56

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/03                    68 FR 23653
Final Rule                      11/20/03                    68 FR 65392

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel
Phone: 703 905--3590
Fax: 703 905--3735

RIN: 1506-AA44
_______________________________________________________________________




2591. [bull] FINANCIAL CRIMES ENFORCEMENT NETWORK; FREEDOM OF 
INFORMATION ACT, PRIVACY ACT OF 1974--IMPLEMENTATION

Priority: Info./Admin./Other. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 5 USC 301; 5 USC 552, subpart A, as amended; 5 USC 
552a, subpart C; 31 USC 321

[[Page 73394]]

CFR Citation: 31 CFR 0

Legal Deadline: None

Abstract: Given FinCEN's new status as a bureau, FinCEN is issuing 
Freedom of Information Act and Privacy Act regulations of its own.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/25/03                    68 FR 55309

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Office of the 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-AA62
BILLING CODE 4810--35--S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2592. CLAIMS ON ACCOUNT OF TREASURY CHECKS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 245

Legal Deadline: None

Abstract: 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 nonreceipt 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                            01/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Ella White, Program Analyst, Department of the 
Treasury, Financial Management Service, Room 8D25, 3700 East--West 
Highway, Hyattsville, MD 20782
Phone: 202 874--8445
Email: [email protected]

RIN: 1510-AA51
_______________________________________________________________________




2593. 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 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 noncompliance to the Treasury's General Fund.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

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 408D, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874--6799
Email: [email protected]

RIN: 1510-AA86
_______________________________________________________________________




2594. 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                            12/00/03

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 408D, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874--6799
Email: [email protected]

RIN: 1510-AA90

[[Page 73395]]

_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2595. INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE U.S. 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 September 21, 1995, 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
NPRM                            04/23/03                    68 FR 20046
Final Rule                      12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Ronald E. Brooks, Senior Program and Policy Analyst, 
Financial Operations, Department of the Treasury, Financial Management 
Service, Room 725--D, 3700 East--West Highway, Hyattsville, MD 20782
Phone: 202 874--7573
Email: [email protected]

RIN: 1510-AA45
_______________________________________________________________________




2596. 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                    12/00/03

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 408D, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874--6799
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
_______________________________________________________________________




2597. PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 256

Legal Deadline: None

Abstract: This regulation governs the procedures for securing payment 
for money judgments against the United States. The proposed revision 
will update these procedures. This revision will benefit claimants and 
others in understanding the judgment payment process. This regulation 
currently describes a process that involves the General Accounting 
Office (GAO) and the Treasury Department. The revision will remove 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. These revisions will make the regulation 
consistent with current procedures for securing payment of 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                    01/00/04

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

[[Page 73396]]

_______________________________________________________________________




2598. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL 
BENEFIT PAYMENTS) TO COLLECT PAST--DUE, LEGALLY ENFORCEABLE NONTAX DEBT

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 321; 31 USC 3716

CFR Citation: 31 CFR 285.5

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/26/02                    67 FR 78936
Final Rule                      04/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--7131
Fax: 202 874--7494
Email: [email protected]

RIN: 1510-AA65
_______________________________________________________________________




2599. 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                    04/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--7131
Fax: 202 874--7494
Email: [email protected]

RIN: 1510-AA70
_______________________________________________________________________




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

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6402(e)

CFR Citation: 31 CFR 285.8

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/20/99                    64 FR 71233
Interim Final Rule              12/20/99                    64 FR 71227
Final Action                    04/00/04

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, 401 
14th Street SW., Washington, DC 20227
Phone: 202 874--6804
Email: [email protected]

RIN: 1510-AA78
_______________________________________________________________________




2601. 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 includes general revisions that 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, and incorporate other needed 
updates. The second rule amended 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. It also 
allows for a new TT&L investment option for financial institutions.

Timetable:
________________________________________________________________________

General Revisions (1510--AA92)  NPRM 11/00/03

Treasury Tax and Loan Rate of Interest (1510--AA93)  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: Catherine McHugh, Senior Financial Program Specialist, 
Department of the Treasury, Financial Management Service, Room 415B, 
Federal Finance, Asset Management Directorate, Risk Management 
Division, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--7497
Email: [email protected]

RIN: 1510-AA79
_______________________________________________________________________




2602. FEDERAL CLAIMS COLLECTION STANDARD--COLLECTION BY INSTALLMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 3711; 31 USC 3717

CFR Citation: 31 CFR 901.9

Legal Deadline: None

Abstract: Section 901.9, paragraph(f) is being modified to state that 
when an administrative charge is being paid out of amounts collected 
from the debtor, a partial or installment payment on a debt should be 
applied to that charge first, then to penalties, other administrative 
charges, interest, and principal.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State, Local, Tribal, Federal

[[Page 73397]]

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--7131
Fax: 202 874--7494
Email: [email protected]

RIN: 1510-AA91
_______________________________________________________________________




2603. [bull] FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING 
HOUSE (ACH)

Priority: Other Significant. Major status under 5 USC 801 is 
undetermined.

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: The Department of the Treasury, Financial Management Service 
(FMS), is amending its rule governing the use of the Automated Clearing 
House (ACH) system by Federal agencies. This proposed rule would amend 
31 CFR part 210 to provide that, as of an effective date to be 
specified, any check received by a Federal agency may be converted to 
an ACH debit entry. The proposed rule would request comment on a plan 
whereby FMS would provide notice of check conversion to the general 
public through agency and financial institution web sites, the Federal 
Register, on agency forms, and in radio, television, and media 
announcements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/21/03                    68 FR 50671
NPRM Comment Period End         10/20/03
Final Action                    02/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
www.fms.treas.gov/ach

URL For Public Comments:
(do not use http://) [email protected]

Agency Contact: Donald Skiles, Senior Financial Program Specialist, 
Department of the Treasury, Financial Management Service, Federal 
Finance, Asset Management Directorate, Risk Management Division, 401 
14th Street SW., Washington, DC 20227
Phone: 202 874--6994
Email: [email protected]

RIN: 1510-AA98
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Financial Management Service (FMS)



_______________________________________________________________________




2604. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL 
BENEFIT PAYMENTS) TO COLLECT PAST--DUE DEBTS OWED TO STATES (OTHER THAN 
CHILD SUPPORT)

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.6

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Federalism:  Undetermined

Agency Contact: Gerry Isenberg
Phone: 202 874--7131
Fax: 202 874--7494
Email: [email protected]

RIN: 1510-AA66
_______________________________________________________________________




2605. PUBLIC DISSEMINATION OF IDENTITY OF DELINQUENT DEBTORS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.14

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Next Action Undetermined         To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874--7131
Fax: 202 874--7494
Email: [email protected]

RIN: 1510-AA72
_______________________________________________________________________




2606. SURETY BOND REIMBURSEMENT FUND

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

CFR Citation: 31 CFR 223

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Next Action Undetermined         To Be                       Determined

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
_______________________________________________________________________




2607. [bull] PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN 
PROGRAM

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

Legal Authority: 12 USC 90, ; 12 USC 265--266; 12 USC 332; 12 USC 391; 
12 USC 1452(d); 12 USC 1464(k); 12 USC 1767; 12 USC 1789a; 12 USC 2013; 
12 USC 2122; 12 USC 3102; 26 USC 6302; 31 USC 321; 31 USC 323; 31 USC 
3301 to 3304

CFR Citation: 31 CFR 203

Legal Deadline: None

Abstract: The Department of the Treasury, Financial Management Service, 
is proposing to revise its regulation governing the Treasury Tax and 
Loan (TT&L) program at 31 CFR Part 203. The proposed changes would 
update the rule to reflect the reorganization and enhancement of the 
TT&L program, including changes in terminology, and simplify the rule 
by deleting procedures and provisions that appear in other regulations 
or in the Treasury Financial Manual.

[[Page 73398]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
www.fms.treas.gov/eftps/eftpsregs.html

URL For Public Comments:
(do not use http://)[email protected]

Agency Contact: Catherine McHugh, Senior Financial Program Specialist, 
Department of the Treasury, Financial Management Service, Room 415B, 
Federal Finance, Asset Management Directorate, Risk Management 
Division, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--7497
Email: [email protected]

RIN: 1510-AA96
_______________________________________________________________________




2608. [bull] FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING 
HOUSE (ACH)

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

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: The Department of the Treasury, Financial Management Service, 
is amending its rule governing the use of the Automated Clearing House 
(ACH) system by Federal agencies. This proposed rule would amend 31 CFR 
part 210 to expand the circumstances in which checks presented or 
delivered to agencies may be converted to ACH debit entries. The 
proposed rule also addresses issues relating to the reclamation of 
Federal benefit payments and the receipt of misdirected Federal 
payments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
www.fms.treas.gov/ach

URL For Public Comments:
(do not use http://)[email protected]

Agency Contact: Catherine McHugh, Senior Financial Program Specialist, 
Department of the Treasury, Financial Management Service, Room 415B, 
Federal Finance, Asset Management Directorate, Risk Management 
Division, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--7497
Email: [email protected]

RIN: 1510-AA97
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Financial Management Service (FMS)



_______________________________________________________________________




2609. 2003 AUTOMATED CLEARING HOUSE (ACH) RULES

Priority: Other Significant

CFR Citation: 31 CFR 210

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/05/03                    68 FR 33825

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Donald Skiles
Phone: 202 874--6994
Email: [email protected]

RIN: 1510-AA89
BILLING CODE 4810--25--S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________




2610. REVISION OF BREWERY REGULATIONS AND ISSUANCE OF REGULATIONS FOR 
TAVERNS ON BREWERY PREMISES (BREWPUBS)

 Regulatory Plan: This entry is Seq. No. 99 in part II of this issue of 
the Federal Register.

RIN: 1513-AA02
_______________________________________________________________________




2611. 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: TTB proposes to amend regulations to clarify the standards of 
fill for distilled spirits and wine. TTB 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 
Packaging                       04/00/04
Revised NPRM--Deceptive 
Packaging                       04/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AB89

[[Page 73399]]

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660
Phone: 301 290--1460
Fax: 301 290--1463
Email: [email protected]

RIN: 1513-AA07
_______________________________________________________________________




2612. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 5701; 27 USC 5702

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

Abstract: This notice incorporates most of the parts of Industry 
Circular 91--3, dated March 19, 1991, entitled ``Large Cigar Taxes On 
and After January, 1991'' that have not been placed in the regulations. 
Industry Circular 91--3 addressed questions about determining the 
amount of tax for large cigars based on their sale price. In addition, 
this notice proposes: 1) to give guidance on tax adjustments for large 
cigars provided at no cost in connection with a sale, and 2) 
recordkeeping requirements for persons in Puerto Rico, who bring large 
cigars upon prepayment or deferred payment of tax into the United 
States from Puerto Rico.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC22

Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA16
_______________________________________________________________________




2613. 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: TTB has received a petition proposing the establishment of 
the ``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 Nebil 
Zarif, President, Barnwood Vineyards.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC53

Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue 
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA24
_______________________________________________________________________




2614. REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 44

Legal Deadline: None

Abstract: The temporary rule prescribes TTB regulations relating to a 
final rule (T.D. 92--181, 57 FR 37692), published by the former U.S. 
Customs Service (USCS). The USCS published this final rule to create a 
separate class of customs bonded warehouse duty--free store (class 9). 
A class 9 customs bonded warehouse 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 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                            12/00/03
Interim Final Rule              12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC56

Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA26
_______________________________________________________________________




2615. SHIPMENTS OF TOBACCO PRODUCTS OR CIGARETTE PAPERS OR TUBES WITHOUT 
PAYMENT OF TAX

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

Abstract: The proposed rule clarifies regulations and establishes 
procedures governing tobacco products or cigarette papers or tubes 
brought in bond from Puerto Rico to the United States. In addition, the 
proposed rule would allow a manufacturer of tobacco products to receive 
in bond, cigarette papers and tubes for placement in packages of roll--
your--own tobacco, and would eliminate filing bond extensions for 
tobacco products and cigarette papers or tubes from the U.S. Virgin 
Islands.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

[[Page 73400]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC57

Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA27
_______________________________________________________________________




2616. 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: TTB 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                            01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC62

Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue 
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA29
_______________________________________________________________________




2617. PETITION TO ESTABLISH ``EOLA HILLS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of 
``Eola Hills'' as a new American viticultural area in Oregon.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/08/03                    68 FR 52875
NPRM Comment Period End         11/07/03
Comment Period Extended         11/07/03                    68 FR 63042
Extended Comment Period End     01/06/04
Final Action                    07/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC78

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014
Phone: 540 344--9333
Fax: 540 344--5855
Email: [email protected]

RIN: 1513-AA41
_______________________________________________________________________




2618. PROPOSED ADDITION OF NEW GRAPE VARIETY NAMES FOR AMERICAN WINES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: TTB has received petitions proposing to add several names to 
the list of grape variety names used to designate American wines.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC79

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014
Phone: 540 344--9333
Fax: 540 344--5855
Email: [email protected]

RIN: 1513-AA42
_______________________________________________________________________




2619. MARKS, LABELS, NOTICES AND BONDS FOR, AND REMOVAL OF, TOBACCO 
PRODUCTS, AND CIGARETTE PAPERS AND TUBES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5704; 26 USC 7805

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

Abstract: This notice of proposed rulemaking requires labels, notices 
and marks for removals, in bond, of tobacco products or cigarette 
papers and tubes that are not in packages. This notice proposes new 
sections that prohibit the removal of tobacco products or cigarette 
papers or tubes that are not in packages for domestic uses. Packages 
are the immediate containers in which a manufacturer or importer places 
the tobacco products or cigarette papers or tubes for sale or delivery 
to the consumer. Also, this notice broadens the language for extending 
bonds so that manufacturers may receive tobacco products, cigarette 
papers and tubes, without payment of tax, from Puerto Rico. This notice 
may affect the operations conducted by manufacturers of tobacco 
products or cigarette papers and tubes and importers of tobacco 
products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC90

Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA49

[[Page 73401]]

_______________________________________________________________________




2620. PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition from Cambria Winery and Vineyard 
proposing to establish the ``Santa Maria Bench'' viticultural area in 
Santa Barbara County, California. The petitioned viticultural area has 
3,200 acres, with 1,500 acres planted to wine grapes, and is within the 
established Santa Maria and the Central Coast viticultural areas.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC93

Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA51
_______________________________________________________________________




2621. IN--TRANSIT STOPS OF TOBACCO PRODUCTS, AND CIGARETTE PAPERS AND 
TUBES WITHOUT PAYMENT OF TAX

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5704

CFR Citation: 27 CFR 40; 27 CFR 44

Legal Deadline: None

Abstract: This notice is the result of a petition from the Cigar 
Association of America and the Pipe Tobacco Council. The petition 
requests that TTB change its position regarding in--transit stops of 
tobacco products and cigarette papers and tubes after removal without 
payment of tax from a factory. TTB has taken the position that the law 
provides that manufacturers may remove the tobacco products and 
cigarette papers and tubes by paying the excise tax and subsequently 
filing a claim for drawback. This notice proposes to clarify the 
regulations to recognize such in--transit stops and specifies records 
that manufacturers and export warehouse proprietors maintain relating 
to the removals without payment of tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC95

Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA52
_______________________________________________________________________




2622. PETITION TO ESTABLISH ``SNAKE RIVER VALLEY'' AS A NEW VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing ``Snake River Valley'' as a 
new American viticultural area located in the States of Idaho and 
Washington.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC98

Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue 
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA53
_______________________________________________________________________




2623. PETITION TO EXPAND THE LIVERMORE VALLEY VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing to expand the boundaries of 
approved American viticultural area Livermore Valley located in the 
State of California. The proposed expanded boundaries encompass 
approximately 259,000 acres, of which 4,355 acres are devoted to 
vineyards. The expansion would add approximately 163,000 acres, 120 
acres of vineyards and four wineries to the area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC99

Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue 
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA54
_______________________________________________________________________




2624. SAN FRANCISCO BAY AND CENTRAL COAST VITICULTURAL AREAS--BOUNDARY 
REALIGNMENT/EXPANSION

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing an expansion/realignment of 
the boundaries of approved American viticultural areas San Francisco 
Bay and Central Coast located in the State of California. In total, the 
proposed expanded boundaries encompass approximately 20,000 acres.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/04

[[Page 73402]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AD00

Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue 
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA55
_______________________________________________________________________




2625. PETITION TO ESTABLISH ``CHEHALEM MOUNTAINS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of 
the ``Chehalem Mountains'' viticultural area located in Yamhill, 
Washington, and Clackamas Counties, Oregon.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/07/03                    68 FR 57840
NPRM Comment Period End         12/08/03
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AD02

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA57
_______________________________________________________________________




2626. PETITION TO ESTABLISH ``RIBBON RIDGE'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of 
the ``Ribbon Ridge'' viticultural area located in the northern part of 
Yamhill County, Oregon between Newberg and Gaston.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AD03

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA58
_______________________________________________________________________




2627. PETITION TO ESTABLISH ``YAMHILL--CARLTON DISTRICT'' AS A NEW 
AMERICAN VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of 
the ``Yamhill--Carlton District'' viticultural area. The proposed area 
falls within the approved boundaries of the Willamette Valley 
viticultural area in northwest Oregon.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/07/03                    68 FR 57845
NPRM Comment Period End         12/08/03
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AD04

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA59
_______________________________________________________________________




2628. PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 27,500--acre Fort Ross--Seaview viticultural 
area is in the North Coast and Sonoma Coast viticultural areas. It is 
approximately 65 miles north--northwest from San Francisco, close to 
the Pacific coastline. A significant distinguishing factor of the 
viticultural area, based on its 920 feet and 1,800 feet elevations, is 
the sunny and warm growing season that contrasts to the surrounding 
foggy and cooler lower elevations. The draft notice of proposed 
rulemaking is in review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA64
_______________________________________________________________________




2629. PETITION TO ESTABLISH THE ``ALEXANDER MOUNTAIN'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

[[Page 73403]]

Abstract: The proposed Alexander Mountain 5,990--acre viticultural 
area, with 720 acres of winegrape cultivation, is approximately 65 
miles north of San Francisco, California. It is totally within the 
Alexander Valley, North Sonoma and North Coast viticultural areas. It 
has elevations above the Alexander Valley floor, a mountain climate, 
and varying terrain orientations for multiple solar exposures. The 
draft notice of proposed rulemaking is being prepared for review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA65
_______________________________________________________________________




2630. PETITION TO ESTABLISH ``GRAND LAKE O' THE CHEROKEES'' AS A NEW 
AMERICAN VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing ``Grand Lake O' the 
Cherokees'' as a new American viticultural area in Oklahoma. The 
proposed area is located in the northeastern region of the State. The 
proposed viticultural area encompasses Craig and portions of Ottawa, 
Delaware, and Hayes Counties.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC97

Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue 
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA66
_______________________________________________________________________




2631. PETITION NO. 2 TO EXPAND THE RUSSIAN RIVER VALLEY VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed Russian River Valley viticultural area expansion 
increases the original boundaries by 30,200 acres to the east and south 
sides. The notice of proposed rulemaking is in review.
Earlier TTB received a separate Russian River Valley viticultural area 
expansion petition (RIN 1513--AA68) for a 767--acre expansion. This 
area is incorporated in the larger 30,200--acre expansion noted above. 
The final rule for the smaller expansion is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA67
_______________________________________________________________________




2632. PETITION TO ESTABLISH THE ``SALADO CREEK'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition to establish the Salado Creek 
viticultural area in Stanislaus County, California. The proposed 
2,940--acre viticultural area is about 75 miles east--southeast of San 
Francisco and 18 miles southwest of Modesto. The notice of proposed 
rulemaking is in review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA69
_______________________________________________________________________




2633. PETITION TO ESTABLISH THE ``SHAWNEE HILLS'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB requests comments concerning the proposed establishment 
of the ``Shawnee Hills'' viticultural area in southern Illinois. The 
proposed Shawnee Hills viticultural area is approximately 80 miles long 
from the Ohio River on the east to the Mississippi River on the west, 
and approximately 20 miles wide from north to south. Approximately 160 
acres are planted with wine varietals.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kristy Colon, TTB Specialist, Department of the 
Treasury,

[[Page 73404]]

Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927--8210
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA70
_______________________________________________________________________




2634. PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS AND THE 
ARROYO SECO VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9.139; 27 CFR 9.59

Legal Deadline: None

Abstract: TTB requests comments concerning the proposed changes to the 
boundaries of the Santa Lucia Highlands and Arroyo Seco viticultural 
areas located in Monterey County, California. The proposed boundary 
change extends portions of the Santa Luca Highlands viticultural area 
and curtails the Arroyo Seco viticultural area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kristy Colon, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue 
NW., Washington, DC 20226
Phone: 202 927--8210
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA72
_______________________________________________________________________




2635. [bull] PETITION TO ESTABLISH ``SOUTHERN OREGON'' AS A VITICULTURAL 
AREA

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

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB proposes to establish the Southern Oregon viticultural 
area in portions of Douglas, Jackson, and Josephine Counties in 
southwestern Oregon.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/18/03                    68 FR 54696
NPRM Comment Period End         11/17/03
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA75
_______________________________________________________________________




2636. [bull] PETITION TO ESTABLISH ``TEXOMA'' AS A VITICULTURAL AREA

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

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: We have received a petition for the establishment of a 
viticultural area in north central Texas to be called ``Texoma.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014
Phone: 540 344--9333
Fax: 540 344--5855
Email: [email protected]

RIN: 1513-AA77
_______________________________________________________________________




2637. [bull] EVIDENCE OF EXPORTATION FOR DISTILLED SPIRITS; USE OF 
ALTERNATIVE DOCUMENTATION

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

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 252

Legal Deadline: None

Abstract: TTB intends to amend the regulations in part 252 to clarify 
the documents that provide adequate export evidence for shipments of 
distilled spirits and to provide a timeframe for submission of these 
documents. These amended regulations would also inform the public that 
TTB would consider approval of alternative types of documentation as 
adequate export evidence.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/24/03                    68 FR 55281
NPRM Comment Period End         11/24/03
Final Action                    07/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Joanne Brady, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 45797, Philadelphia, PA 19149
Phone: 215 333--7050
Fax: 215 333--8871
Email: [email protected]

RIN: 1513-AA78
_______________________________________________________________________




2638. [bull] PETITION TO ESTABLISH THE ``HIGH VALLEY'' VITICULTURAL AREA

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

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition to establish the ``High Valley'' 
viticultural area, which is located about 85 miles north of San 
Francisco, California, on the eastern shore of Clear Lake.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/04

[[Page 73405]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 541 757--0044
Email: [email protected]

RIN: 1513-AA79
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2639. [bull] EXPORTATION OF LIQUORS: RECODIFICATION OF REGULATIONS: 
ADMINISTRATIVE CHANGES DUE TO THE HOMELAND SECURITY ACT OF 2002

Priority: Info./Admin./Other. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 5 USC 552(a); 19 USC 81c; 27 USC 203; 44 USC 3504(h); 
26 USC 5001; . . .

CFR Citation: 27 CFR 28; 27 CFR 252

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau is recodifying 
its regulations pertaining to exportation of liquors. Due to the 
Homeland Security Act, we are also making administrative changes to 
these regulations to reflect the Bureau's new name and organizational 
structure. This document does not include any substantive regulatory 
changes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/03
Final Action Effective          12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660
Phone: 301 290--1460
Fax: 301 290--1463
Email: [email protected]

RIN: 1513-AA76
_______________________________________________________________________




2640. IMPLEMENTATION OF PUBLIC LAW 105--33, SECTION 9302, REQUIRING THE 
QUALIFICATION OF TOBACCO PRODUCT IMPORTERS AND MISCELLANEOUS TECHNICAL 
AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5712; 26 USC 5713

CFR Citation: 27 CFR 275

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/99                    64 FR 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC07

Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA10
_______________________________________________________________________




2641. FLAVORED MALT BEVERAGES AND RELATED PROPOSALS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 211, 205; 26 USC 5052

CFR Citation: 27 CFR 7; 27 CFR 25

Legal Deadline: None

Abstract: TTB issued ATF Rulings 96--1 and 2002--2 to address 
production and labeling of flavored malt beverages that derive their 
alcohol content from flavoring materials. TTB has studied the issue of 
flavored malt beverages and is proposing rules to limit the 
contribution of distilled spirits derived from flavoring materials in 
flavored malt beverages. These proposals address production, identity, 
labeling, formulation, and tax issues related to flavored malt 
beverages.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/24/03                    68 FR 14292
NPRM Comment Period End         06/23/03
NPRM Comment Period End Extended06/02/03                    68 FR 32698
Extended Comment Period End     10/21/03
Final Action                    01/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC11

URL For Public Comments:
http://www.ttb.gov/foia/nprm--comments/ttbnotice04--comments.htm

Agency Contact: Charles N. Bacon, Program Manager, Department of the 
Treasury, Tax and Trade Bureau, Room 701, 10 Causeway Street, Boston, 
MA 02222
Phone: 617 557--1323
Fax: 617 557--1251

[[Page 73406]]

Email: [email protected]

RIN: 1513-AA12
_______________________________________________________________________




2642. 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 TTB 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 forms. This rule requires that persons who ship 
such articles maintain records so that the amount of tax is calculated 
and recorded for TTB audit and examination. Also, this temporary rule 
simplifies and clarifies certain sections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/01                    66 FR 13864
Interim Final Rule              03/08/01                    66 FR 13849
NPRM Comment Period End         05/07/01                    66 FR 13864
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC24

Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA17
_______________________________________________________________________




2643. ELIMINATION OF STATISTICAL CLASSES FOR LARGE CIGARS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 5722

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

Abstract: This notice proposes to eliminate reporting categories in 
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/05/02                    67 FR 67340
NPRM Comment Period End         12/05/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC33

Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA18
_______________________________________________________________________




2644. 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: TTB 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. In addition, 
we are making the necessary nomenclature changes to this part due to 
the reorganization of ATF into two separate bureaus.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC46

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA20
_______________________________________________________________________




2645. PRODUCTION OF DRIED FRUIT AND HONEY 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: TTB 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                            07/02/03                    68 FR 39500
NPRM Comment Period End         09/02/03
Final Action                    01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC48

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014
Phone: 540 344--9333
Fax: 540 344--5855
Email: [email protected]

RIN: 1513-AA21
_______________________________________________________________________




2646. PROPOSED ``SAN BERNABE'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

[[Page 73407]]

Abstract: TTB has received petitions proposing the establishment of the 
``San Bernabe'' viticultural area and the realignment of the San Lucas 
American Viticultural Area (AVA). Both areas are situated within the 
Central Coast AVA and the Monterey AVA and are located in central 
Monterey County, California. The San Lucas realignment will transfer 
1,100 northwest acres to the San Bernabe southern area in an effort to 
conform with the geography of the new area. No comments were received 
in response to the notice of proposed rulemaking and the draft final 
rule is being prepared for review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/14/03                    68 FR 25851
NPRM Comment Period End         07/14/03
Final Action                    02/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC60

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA28
_______________________________________________________________________




2647. 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: TTB 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 Extended    06/06/02                    67 FR 38915
NPRM Comment Period End         10/08/02
Final Action                    01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC65

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014
Phone: 540 344--9333
Fax: 540 344--5855
Email: [email protected]

RIN: 1513-AA32
_______________________________________________________________________




2648. PETITION TO ESTABLISH ``RED HILLS LAKE COUNTY'' AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The comment period for the Red Hills (California) 31,250--
acre proposed viticultural area closed in March 2003. Based on the 14 
public comments and requests by the petitioning group, the name will be 
finalized as Red Hills Lake County, to better identify the location of 
the viticultural area. The originally petitioned boundaries will be 
expanded to the northwest to include Benson Ridge. A draft final rule 
is in review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/30/02                    67 FR 66083
NPRM Comment Period End         12/30/02
NPRM Comment Period Reopened    01/16/03                     68 FR 2262
Second NPRM Comment Period End  03/17/03
Final Action                    02/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC66

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 541 757--0044
Email: [email protected]

RIN: 1513-AA33
_______________________________________________________________________




2649. 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. The notice of proposed rulemaking comment 
period closed January 21, 2003, with no comments received. The final 
rule is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/22/02                    67 FR 70352
NPRM Comment Period End         01/21/03
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC72

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA36

[[Page 73408]]

_______________________________________________________________________




2650. 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: TTB 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                            10/30/02                    67 FR 66079
NPRM Comment Period End         12/30/02
NPRM Comment Period Reopened    01/16/03                     68 FR 2262
Second NPRM Comment Period End  03/17/03
Final Action                    01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC76

Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue 
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA39
_______________________________________________________________________




2651. 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. The notice of proposed 
rulemaking comment period closed December 20, 2002, with favorable 
comments received. The final rule is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/21/02                    67 FR 64573
NPRM Comment Period End         12/20/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC77

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA40
_______________________________________________________________________




2652. PETITION TO ESTABLISH ``ALEXANDRIA LAKES'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB proposes to establish ``Alexandria Lakes'' as a new 
American viticultural area. The proposed area is located in Douglas 
County, Minnesota. This proposal is a result of a petition filed by 
Robert G. Johnson on behalf of Carlos Creek Winery.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/23/03                     68 FR 3199
NPRM Comment Period End         03/24/03
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC85

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660
Phone: 301 290--1460
Fax: 301 290--1463
Email: [email protected]

RIN: 1513-AA45
_______________________________________________________________________




2653. ORGANIC CLAIMS IN LABELING AND ADVERTISING OF ALCOHOL BEVERAGES

Priority: Info./Admin./Other

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7; 27 CFR 13

Legal Deadline: None

Abstract: TTB amended its alcohol beverage labeling rules to cross--
reference the United States Department of Agriculture's National 
Organic Program (NOP) rules. The mandatory compliance date for the NOP 
rules was October 21, 2002. TTB requested comments on the temporary 
rule in an associated notice of proposed rulemaking. Comments were due 
March 27, 2003.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/08/02                    67 FR 62860
Temporary Rule                  10/08/02                    67 FR 62856
NPRM Comment Period Reopened    12/27/02                    67 FR 79011
NPRM Comment Period Reopened    05/09/03                    68 FR 24903
Final Action                    01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC87

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the 
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., 
Washington, DC 20226
Phone: 202 927--8210
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA46
_______________________________________________________________________




2654. PETITION TO ESTABLISH ``OAK KNOLL DISTRICT'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

[[Page 73409]]

Abstract: TTB is proposing the establishment of the ``Oak Knoll 
District--Napa Valley'' viticultural area in Napa County, California. 
This action is in response to a petition by the Oak Knoll District 
Committee.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/02                    67 FR 45437
NPRM Comment Period End         09/09/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC89

Agency Contact: Joanne Brady, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 45797, Philadelphia, PA 19149
Phone: 215 333--7050
Fax: 215 333--8871
Email: [email protected]

RIN: 1513-AA48
_______________________________________________________________________




2655. PETITION TO ESTABLISH ``DUNDEE HILLS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition from the North Willamette Valley 
AVA Group proposing to establish the ``Dundee Hills'' American 
viticultural area in Yamhill County, Oregon. This petitioned 
viticultural area has 6,490 acres, with 1,264 acres planted to wine 
grapes, and is on the north side of the Willamette Valley viticultural 
area in northwest Oregon. In November 2002, the petitioning group 
amended their viticultural area petition from the Red Hills of Dundee 
to the Dundee Hills to avoid confusion with any other Red Hills 
viticultural area. Substantiating name evidence for the ``Dundee 
Hills'' name has been provided. The notice of proposed rulemaking 
published August 15, 2003.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/15/03                    68 FR 48839
NPRM Comment Period End         10/14/03
Final Action                    05/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC91

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA50
_______________________________________________________________________




2656. LABELING AND ADVERTISING OF MALT BEVERAGES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 7

Legal Deadline: None

Abstract: This project revises malt beverage advertising and labeling 
regulations in plain language. This revision will make no substantive 
changes to the current 27 CFR part 7.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/02                    67 FR 43496
NPRM Comment Period End         08/26/02
NPRM Comment Period Extended    08/27/02                    67 FR 54388
NPRM Comment Period End         09/25/02
Final Action                    11/00/03
Final Action Effective          01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC10

URL For Public Comments:
www.ttb.gov/foia/nprm--comments/notice946--comments.htm

Agency Contact: Charles N. Bacon, Program Manager, Department of the 
Treasury, Tax and Trade Bureau, Room 701, 10 Causeway Street, Boston, 
MA 02222
Phone: 617 557--1323
Fax: 617 557--1251
Email: [email protected]

RIN: 1513-AA60
_______________________________________________________________________




2657. ELECTRONIC SIGNATURES; ELECTRONIC SUBMISSION OF FORMS TO TTB

Priority: Other Significant

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: TTB proposes to amend the regulations to permit industry 
members to use electronic technology to reduce the need for and storage 
of paper documents. In order to accomplish our goals, we are proposing 
to allow industry members to use electronic signatures to sign certain 
forms instead of using traditional handwritten signatures, and submit 
certain forms to TTB electronically through an electronic document 
receiving system that we approve.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/11/03                    68 FR 17760
NPRM Comment Period End         05/12/03
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512--AC84

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660
Phone: 301 290--1460
Fax: 301 290--1463
Email: [email protected]

RIN: 1513-AA61
_______________________________________________________________________




2658. PETITION TO ESTABLISH ``MCMINNVILLE'' AS AN AMERICAN VITICULTURAL 
AREA IN OREGON

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing ``McMinnville'' as a 
new American viticultural area in Oregon.

[[Page 73410]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/03                    68 FR 38248
NPRM Comment Period End         08/26/03
Final Action                    01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014
Phone: 540 344--9333
Fax: 540 344--5855
Email: [email protected]

RIN: 1513-AA63
_______________________________________________________________________




2659. PETITION NO. 1 TO EXPAND THE RUSSIAN RIVER VALLEY VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition in August 2002, from Mr. Donald 
Carano to expand the Russian River Valley viticultural area's east 
boundary area by 767 acres in Sonoma County, California. The public 
comments indicated a general acceptance, without significant 
opposition, to the expansion area. The final rule is in review.
More recently TTB received a separate petition (RIN 1513--AA67) from 
the Russian River Valley Winegrowers group proposing a larger expansion 
to the east and south of the original Russian River Valley viticultural 
boundaries, which includes this smaller expansion. The second expansion 
petition will be addressed in a separate notice of proposed rulemaking.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/03                     68 FR 1020
NPRM Comment Period End         03/10/03
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures 
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA68
_______________________________________________________________________




2660. [bull] ADMINISTRATIVE CHANGES TO ALCOHOL, TOBACCO, AND FIREARMS 
REGULATIONS DUE TO THE HOMELAND SECURITY ACT OF 2002

Priority: Info./Admin./Other. Major status under 5 USC 801 is 
undetermined.

Legal Authority: PL 107--296; . . .

CFR Citation: 27 CFR 1; 27 CFR 4; 27 CFR 5; 27 CFR 6; 27 CFR 8; . . .

Legal Deadline: None

Abstract: The Homeland Security Act of 2002 divided the Bureau of 
Alcohol, Tobacco and Firearms, Department of the Treasury, into two 
separate agencies, the Bureau of Alcohol, Tobacco, Firearms and 
Explosives in the Department of Justice, and the Alcohol and Tobacco 
Tax and Trade Bureau in the Department of the Treasury. Due to these 
changes, this final rule amends the Alcohol and Tobacco Tax and Trade 
Bureau's regulations to reflect the Bureau's new name and 
organizational structure.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/03
Final Action Effective          12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660
Phone: 301 290--1460
Fax: 301 290--1463
Email: [email protected]

RIN: 1513-AA80
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________




2661. 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                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joanne Brady
Phone: 215 333--7050
Fax: 215 333--8871
Email: [email protected]

RIN: 1513-AA00
_______________________________________________________________________




2662. 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 Extended    07/19/93                    58 FR 38543
NPRM Comment Period End         07/19/93

[[Page 73411]]

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
Fax: 503 356--8664
Email: [email protected]

RIN: 1513-AA01
_______________________________________________________________________




2663. IMPLEMENTATION OF WINE CREDIT PROVISIONS OF PUBLIC LAW 104--188

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 24.278; 27 CFR 24.279

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                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927--8210
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA05
_______________________________________________________________________




2664. IMPLEMENTATION OF PUBLIC LAW 105--34, SECTION 1416, RELATING TO 
REFUND OF TAX FOR DOMESTIC WINE RETURNED TO BOND REGARDLESS OF 
MERCHANTABILITY (TAXPAYER RELIEF ACT OF 1997)

Priority: Substantive, Nonsignificant

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule               To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927--8210
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA06
_______________________________________________________________________




2665. AMENDED STANDARD OF IDENTITY FOR SHERRY

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 4

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927--8210
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA08
_______________________________________________________________________




2666. SAKE REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

End Review                      08/21/03


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Bernard J. Kipp
Phone: 503 356--1341
Fax: 503 356--8664
Email: [email protected]

RIN: 1513-AA11
_______________________________________________________________________




2667. 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: Linda Wade--Chapman
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA14
_______________________________________________________________________




2668. 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
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA15
_______________________________________________________________________




2669. LIQUOR DEALERS; RECODIFICATION OF REGULATIONS

Priority: Info./Admin./Other

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karl Joedicke
Phone: 202 927--7460
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA19
_______________________________________________________________________




2670. PROPOSED REVISIONS TO THE DISTILLED SPIRITS PLANT REGULATIONS

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
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA23

[[Page 73412]]

_______________________________________________________________________




2671. PETITION TO ESTABLISH ``SENECA LAKE'' AS AN AMERICAN VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/21/02                    67 FR 64575
NPRM Comment Period End         12/20/02
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kristy Colon
Phone: 202 927--8210
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA34
_______________________________________________________________________




2672. TAX--PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT 
FOR BEVERAGE USE

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 17

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Wade--Chapman
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA37
_______________________________________________________________________




2673. PETITION TO ESTABLISH ``COLUMBIA GORGE'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/03                    68 FR 38251
NPRM Comment Period End         08/26/03


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 415 271--1254
Fax: 707 773--1415
Email: [email protected]

RIN: 1513-AA43
_______________________________________________________________________




2674. ELIMINATE REQUIREMENT TO ENROLL TO PRACTICE BEFORE THE BUREAU

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 8

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Timothy P. DeVanney
Phone: 202 927--8196
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA62
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________




2675. AMELIORATION OF FRUIT AND AGRICULTURAL WINES; TECHNICAL AMENDMENTS

Priority: Info./Admin./Other

CFR Citation: 27 CFR 4

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/02/03                    68 FR 39454

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jennifer Berry
Phone: 540 344--9333
Fax: 540 344--5855
Email: [email protected]

RIN: 1513-AA30
_______________________________________________________________________




2676. REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES WITHOUT 
PAYMENT OF TAX FOR USE IN THE UNITED STATES

Priority: Info./Admin./Other

CFR Citation: 27 CFR 45

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/18/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Wade--Chapman
Phone: 202 927--8181
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA38
_______________________________________________________________________




2677. PETITION TO ESTABLISH ``UPPER ARROYO GRANDE'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       07/18/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Timothy P. DeVanney
Phone: 202 927--8196
Fax: 202 927--8525
Email: [email protected]

RIN: 1513-AA56
BILLING CODE 4810--33--S

[[Page 73413]]

_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2678. [bull] INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF 
PRIVACY NOTICES UNDER THE GRAMM--LEACH--BLILEY ACT

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

Legal Authority: 15 USC 6801 et seq

CFR Citation: 12 CFR 40

Legal Deadline: None

Abstract: The OCC, Board of Governors of the Federal Reserve System, 
Federal Deposit Insurance Corporation, Office of Thrift Supervision, 
National Credit Union Administration, Federal Trade Commission, 
Commodities Futures Trading Commission, and Securities and Exchange 
Commission (collectively, the Agencies) are requesting comment on 
whether the Agencies should consider amending the regulations that 
implement sections 502 and 503 of the Gramm--Leach--Bliley Act to allow 
or require financial institutions to provide alternative types of 
privacy notices, such as a short privacy notice, that would be easier 
for consumers to understand.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Amy S. Friend, Assistant Chief Counsel, Department of 
the Treasury, Comptroller of the Currency, Office of the Chief Counsel, 
250 E Street SW., Washington, DC 20219
Phone: 202 874--5200
Fax: 202 874--5374
Email: [email protected]

Heidi M. Thomas, Special 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-AC80
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2679. MAINTENANCE OF RECORDS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 92; 12 USC 92a; 12 USC 93; 12 
USC 93a; 12 USC 481; 12 USC 484; 12 USC 1818

CFR Citation: 12 CFR 7

Legal Deadline: None

Abstract: The notice of proposed rulemaking would invite comment on a 
revision to part 7 that would require entities subject to the 
jurisdiction of the OCC to establish and maintain accurate and complete 
documentation and records, and allow the OCC timely access to such 
records. The proposed revision in part 7 would also provide that when a 
bank discloses documents and records to the OCC during the supervisory 
process, such a disclosure is not voluntary and is not made to an 
adversary. The OCC anticipates that this proposed rule would not have a 
significant impact on national banks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/04

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
Fax: 202 874--4889
Email: [email protected]

RIN: 1557-AB99
_______________________________________________________________________




2680. INTERAGENCY GUIDELINES ESTABLISHING STANDARDS FOR SAFETY AND 
SOUNDNESS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 93a; 12 USC 1818; 12 USC 1831--p; 12 USC 
3102(b); 15 USC 6801; 15 USC 6805(b)(6)

CFR Citation: 12 CFR 30

Legal Deadline: None

Abstract: The OCC and the other Federal banking agencies plan to issue 
a notice of proposed rulemaking to amend their Interagency Guidelines 
Establishing Standards for Safety and Soundness. The amendment would 
add a new subsection, pursuant to which a depository institution should 
establish and maintain new policies and standards designed to ensure an 
effective system of corporate governance. This amendment is intended to 
address potential weaknesses in management and corporate governance 
practices.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas, Special 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-AC08
_______________________________________________________________________




2681. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES

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 plans to issue a notice of proposed rulemaking that 
will require national banks to receive OCC approval before selling or 
otherwise disposing of all or substantially all of its assets. This 
proposed rule also provides that the OCC will apply the same standards 
as it applies to the establishment of a de novo bank to notices to 
acquire control of such a bank.

[[Page 73414]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas, Special 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-AC11
_______________________________________________________________________




2682. [bull] RISK--BASED CAPITAL; CAPITAL ADEQUACY GUIDELINES; CAPITAL 
MAINTENANCE: ASSET--BACKED COMMERCIAL PAPER PROGRAMS AND EARLY 
AMORTIZATION PROVISIONS

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

Legal Authority: 12 USC 93a

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: The OCC, Federal Reserve Board, Federal Deposit Insurance 
Corporation, and the Office of Thrift Supervision are proposing to 
amend their risk--based capital standards by removing the April 1, 
2004, sunset provision in order to permanently adopt the interim rule, 
issued concurrently, that permits sponsoring banks, bank holding 
companies, and thrifts to exclude from risk--weighted assets those 
assets in asset--backed commercial paper (ABCP) programs consolidated 
onto sponsoring banking organizations' balance sheets as a result of a 
recently issued accounting interpretation, Financial Accounting 
Standards Board Interpretation No. 46, Consolidation of Variable 
Interest Entities (FIN 46). In addition, the proposed rule would 
increase the risk--based capital requirement for liquidity facilities 
with an original maturity of one year or less that banking 
organizations provide to ABCP Programs. Finally, the proposed rule 
would require a risk--based capital charge for early amortization risk 
associated with certain types of revolving securitizations by generally 
requiring banks to hold a marginal increase in capital for revolving 
securitizations as their level of excess spread decreases.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/01/03                    68 FR 56568
NPRM Comment Period End         11/17/03
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ron Shimabukuro, Special 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-AC77
_______________________________________________________________________




2683. [bull] RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; 
LICENSING PROCEDURES

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

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 plans to issue a notice of proposed rulemaking to 
revise certain rules regarding corporate activities. The amendments 
would update and streamline part 5 licensing procedures, which would 
increase efficiencies and reduce process costs for national banks and 
the OCC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
Fax: 202 874--4889
Email: [email protected]

RIN: 1557-AC79
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2684. CAPITAL RULES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 12 USC 161; 12 USC 1828 note; 12 USC 
1828(n); 12 USC 1831n note; 12 USC 1835; 12 USC 3907; 12 USC 3909

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: As part of the OCC's ongoing efforts to develop and refine 
capital standards to ensure the safety and soundness of the national 
banking system and to implement statutory requirements, the OCC is 
amending various provisions of the capital rules for national banks. 
Specifically, these changes include: 1) new Basel capital accord (Basel 
II) (formerly referred to as domestic capital framework); and 2) 
securities borrowing transactions. The OCC is conducting both of these 
rulemakings jointly with the other Federal banking agencies.

Timetable:
________________________________________________________________________

Implementation of a Revised Basel Capital Accord (formerly Domestic 
Capital Framework) (1557--AC48)  ANPRM 11/03/00 (65 FR 66193)  ANPRM 
Comment Period End 02/01/01  ANPRM 08/04/03 (68 FR 45900)  ANPRM 
Comment Period End 11/03/03

Securities Borrowing Transactions (1557--AC39)  Interim Final Rule 12/
05/00 (65 FR 75856)  Interim Final Rule Comment Period End 01/19/
01  Final Rule 12/00/03

[[Page 73415]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ron Shimabukuro, Special 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
_______________________________________________________________________




2685. 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 3101 et 
seq; 12 USC 3901 et seq; 12 USC 3907; 12 USC 3909; 12 USC 24a, sec 
5136A of the Revised Statutes; 15 USC 78q; 15 USC 78q--1; 15 USC 78w; 
12 USC 29; 12 USC 371; 12 USC 215a--2; 12 USC 215a--3; 12 USC 92; 12 
USC 93; 12 USC 481; 12 USC 484; 12 USC 1701j--3; 12 USC 3331 et seq; 12 
USC 1828(o)

CFR Citation: 12 CFR 3; 12 CFR 5 to 7; 12 CFR 9; 12 CFR 28; 12 CFR 34

Legal Deadline: None

Abstract: The OCC issued a notice of proposed rulemaking 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 OCC also plans to 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 bylaws 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, 9, and 34, as well 
as certain technical amendments to parts 3, 6, and 28.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/07/03                     68 FR 6363
NPRM Comment Period End         04/08/03
Final Rule                      12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Andra Shuster, 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-AB97
_______________________________________________________________________




2686. 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; 12 CFR 5

Legal Deadline: None

Abstract: The OCC plans to issue a final rule that will clarify or 
revise a number of application or notice procedures, including the 
standards for approval that would apply. It permits Federal branches 
and agencies to operate with one license in the United States, with a 
license issued only for the initial Federal branch or agency, rather 
than requiring each office of a foreign bank to have a separate 
license. It also permits a Federal branch to operate a loan production 
office as part of its branch license. In addition, the OCC proposes to 
implement through its regulation a number of OCC interpretations 
regarding the capital equivalency deposit required of Federal branches 
and agencies. Finally, the OCC proposes to revise several definitions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/23/03                    68 FR 19949
NPRM Comment Period End         06/23/03
Final Rule                      12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lee Walzer, 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-AC04
_______________________________________________________________________




2687. REPORTING AND DISCLOSURE REQUIREMENTS FOR NATIONAL BANKS WITH 
SECURITIES REGISTERED UNDER THE SECURITIES EXCHANGE ACT OF 1934; 
SECURITIES OFFERING DISCLOSURE RULES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 93a; 15 USC 78l; 15 USC 78m; 
15 USC 78n; 15 USC 78p; 15 USC 78w

CFR Citation: 12 CFR 11; 12 CFR 16

Legal Deadline: None

Abstract: The Sarbanes--Oxley Act of 2002 made amendments to section 
12(i) of the Securities Exchange Act of 1934. These amendments vested 
the OCC with authority to administer and enforce several of the 
enhanced reporting, disclosure, and corporate governance obligations 
imposed by the Sarbanes--Oxley Act with respect to national banks that 
have a class of securities registered under the Securities Exchange Act 
of 1934. The final rule would amend the Securities Exchange Act 
disclosure rules applicable to national banks to reflect the 
amendmenmts to section 12(i) of the Securities Exchange Act of 1934.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/21/03                    68 FR 27753
NPRM Comment Period End         06/20/03
Final Rule                      12/00/03

[[Page 73416]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Maryann Orr Nash, 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-AC12
_______________________________________________________________________




2688. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES 
(ELECTRONIC FILINGS)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 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 interim final rule made revisions to part 5 filing 
requirements to facilitate electronic filings for certain applications. 
The purpose of these changes is to permit national banks to file 
certain classes of applications electronically and to inform national 
banks where they may find detailed procedural information on electronic 
filings. The rule also amended part 5 to clarify the circumstances 
under which the OCC may adopt filing procedures different from those 
otherwise required by part 5.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/14/03                    68 FR 17890
Interim Final Rule Effective    04/14/03
Interim Final Rule Comment 
Period End                      06/13/03
Final Rule                      12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1557-AC13
_______________________________________________________________________




2689. [bull] BANK ACTIVITIES AND OPERATIONS; REAL ESTATE LENDING AND 
APPRAISALS

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

Legal Authority: 12 USC 1 et seq; 12 USC 71; 12 USC 71a; 12 USC 93a; 12 
USC 29; 12 USC 371; 12 USC 1701j--3; 12 USC 1828(o); 12 USC 3331 et seq

CFR Citation: 12 CFR 7; 12 CFR 34

Legal Deadline: None

Abstract: The OCC issued a notice of proposed rulemaking to amend parts 
7 and 34 of its regulations to add provisions clarifying the 
applicability of State law to national banks. These provisions would 
identify types of State laws that are preempted, as well as types of 
State laws that generally are not preempted, in the context of national 
bank lending, deposit--taking, and other activities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/05/03                    68 FR 46119
NPRM Comment Period End         10/06/03
Final Rule                      12/00/03

Regulatory Flexibility Analysis Required: 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, 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-AC73
_______________________________________________________________________




2690. [bull] ELECTRONIC FILING AND DISCLOSURE OF BENEFICIAL OWNERSHIP 
REPORTS

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

Legal Authority: 12 USC 93a; 15 USC 78l; 15 USC 78p

CFR Citation: 12 CFR 11

Legal Deadline: None

Abstract: The Sarbanes--Oxley Act of 2002 made amendments to section 
16(a) of the Securities Exchange Act of 1934, which requires the filing 
of beneficial ownership reports by officers, directors, and principal 
shareholders of issuers of securities. The OCC is issuing an interim 
rule with request for comment to require that beneficial ownership 
reports be filed electronically by officers, directors, and principal 
shareholders of national banks, pursuant to the amendments of the 
Sarbanes--Oxley Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              09/22/03                    68 FR 54981
Interim Final Rule Comment 
Period End                      11/21/03
Interim Final Rule Effective    01/01/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
Fax: 202 874--4889
Email: [email protected]

RIN: 1557-AC75
_______________________________________________________________________




2691. [bull] RISK--BASED CAPITAL; CAPITAL ADEQUACY GUIDELINES; CAPITAL 
MAINTENANCE: INTERIM CAPITAL TREATMENT OF CONSOLIDATED ASSET--BACKED 
COMMERCIAL PAPER PROGRAM ASSETS

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

Legal Authority: 12 USC 93a

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: The OCC, together with the Federal Reserve Board, the Federal 
Deposit Insurance Corporation, and the Office of Thrift Supervision, 
plan to amend their risk--based capital standards by providing an 
interim treatment for assets in asset--backed commercial paper (ABCP) 
programs that are consolidated onto the balance sheets of sponsoring 
banks, bank holding companies, and thrifts as a

[[Page 73417]]

result of a recently issued accounting interpretation, Financial 
Accounting Standards Board Interpretation No. 46, Consolidation of 
Variable Interest Entities (FIN 46). Specifically, the interim capital 
treatment allows sponsoring banking organizations to remove 
consolidated ABCP program assets from their risk--weighted asset base 
for the purpose of calculating their risk--based capital ratios.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/01/03                    68 FR 56530
Interim Final Rule Effective    10/01/03
Interim Final Rule Comment 
Period End                      11/17/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ron Shimabukuro, Special 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-AC76
_______________________________________________________________________




2692. [bull] BANK ACTIVITIES AND OPERATIONS

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

Legal Authority: 12 USC 1 et seq; 12 USC 71; 12 USC 71a; 12 USC 92; 12 
USC 92a; 12 USC 93; 12 USC 93a; 12 USC 481; 12 USC 484; 12 USC 1818

CFR Citation: 12 CFR 7

Legal Deadline: None

Abstract: The OCC plans to issue a final rule amending 12 CFR part 7 by 
amending the rules regarding visitorial powers. The amendments clarify 
the extent of the OCC's visitorial authority and the application of 
exceptions to that authority.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/07/03                     68 FR 6363
Final Rule                      12/00/03

Regulatory Flexibility Analysis Required: 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, 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-AC78
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2693. RULES AND PROCEDURES FOR CLAIMS AGAINST OCC--APPOINTED 
RECEIVERSHIPS FOR UNINSURED FINANCIAL INSTITUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mitchell Plave
Phone: 202 874--5090
Fax: 202 874--4889
Email: [email protected]

RIN: 1557-AB59
_______________________________________________________________________




2694. FAIR CREDIT REPORTING REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

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                      To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lee Walzer
Phone: 202 874--5090
Fax: 202 874--4889
Email: [email protected]

RIN: 1557-AB78
_______________________________________________________________________




2695. RECORDKEEPING REQUIREMENTS FOR BANK EXCEPTIONS FROM SECURITIES 
BROKER OR DEALER REGISTRATION

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martha Vestal Clarke
Phone: 202 874--5090
Fax: 202 874--4889
Email: [email protected]

RIN: 1557-AB93
_______________________________________________________________________




2696. COMMUNITY REINVESTMENT ACT REGULATION

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 25

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
Phone: 202 874--5750
Fax: 202 874--5322
Email: [email protected]

Patrick Tierney
Phone: 202 874--5090
Fax: 202 874--4889
Email: [email protected]

RIN: 1557-AB98

[[Page 73418]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2697. CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS, 
AND CERTAIN NONFEDERALLY REGULATED BANKS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 21; 31 CFR 103

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      05/09/03                    68 FR 25090
Final Action Effective          06/09/03
Compliance Date                 10/01/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Katz
Phone: 202 874--5090
Fax: 202 874--4889
Email: [email protected]

RIN: 1557-AC06
_______________________________________________________________________




2698. COMMUNITY AND ECONOMIC DEVELOPMENT ENTITIES, COMMUNITY DEVELOPMENT 
PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS (12 CFR PART 24)

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 24

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      08/15/03                    68 FR 48771
Final Rule Effective            09/15/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Michele Meyer
Phone: 202 874--5090
Fax: 202 874--4889
Email: [email protected]

RIN: 1557-AC09
_______________________________________________________________________




2699. REMOVAL, SUSPENSION, AND DEBARMENT OF INDEPENDENT ACCOUNTANTS FROM 
PERFORMING AUDIT SERVICES

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 19

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      08/13/03                    68 FR 48256
Final Rule Effective            10/01/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mitchell Plave
Phone: 202 874--5090
Fax: 202 874--4889
Email: [email protected]

RIN: 1557-AC10
BILLING CODE 4830--01--S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2700. HAND CARRYING RETURNS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6091

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This temporary regulation provides guidance to taxpayers 
under section 6091 of the Code regarding the place of filing for hand--
carried returns. The regulations reflect the changes in organizational 
structure of the IRS that may affect where taxpayers may file hand--
carried returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--138173--02
Drafting attorney: Emly B. Berndt (202) 622--4940
Reviewing attorney: Ashton P. Trice (202) 622--4940
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:APJP

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

RIN: 1545-BB45
_______________________________________________________________________




2701. CORPORATE REORGANIZATIONS; CONTINUITY--TRANSFERS OF ASSETS OR 
STOCK FOLLOWING A REORGANIZATION (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides amendments to regulation section 
1.368--2(k) of the income tax regulations, which sets forth rules 
providing that for certain reorganizations, transfers by the acquiring 
corporation of target assets or stock to certain controlled 
corporations will not disqualify the transaction from nonrecognition 
treatment. The temporary regulations will clarify the reorganizations 
subject to these rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--165579--02
Drafting attorney: Rebecca O. Burch (202) 622--7550
Reviewing attorney: Wayne Murray (202) 622--7700
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP

Agency Contact: Rebecca O. Burch, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 73419]]

Phone: 202 622--7550

RIN: 1545-BB81
_______________________________________________________________________




2702. GUIDANCE REGARDING MARK--TO--MARKET VALUATION FOR CERTAIN 
SECURITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 475; 26 USC 446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 475(a) requires that dealers in securities must mark 
their securities to market. If the security is inventory, the dealer 
must include that security at fair market value. Taxpayers must treat 
any securities that are not inventory as if they were sold for its fair 
market value on the last business day of the year. While the legal 
definition of the term ``fair market value'' has long been settled, the 
statute is silent as to what valuation methodology should be used to 
determine fair market value of any particular security. Many of the 
securities subject to section 475 raise difficult valuation issues. An 
advanced notice of proposed rulemaking asked for comments on rules and 
standards that the IRS is considering using a financial statement--tax 
conformity approach for valuing certain securities under section 475 
for which the determination of actual fair market value is 
administratively difficult. The rules will include: (1) the securities 
to which this approach applies; (2) the taxpayers who may elect this 
approach; (3) the election into the approach; (4) the applicable 
financial statements to be used; (5) the record--keeping, retention, 
and availability requirements for verification of financial statement--
tax conformity; and (6) what approach will apply if the election for 
financial statement--tax conformity is not made. A notice of proposed 
rulemaking will be published after the IRS and the Treasury consider 
comments received on the advance notice of rulemaking.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--100420--03
Drafting attorney: Marsha A. Sabin (202) 622--3950
Reviewing attorney: Robert Williams (202) 622--3960
Treasury attorneys: Michael Novey (202) 622--1339 and Viva Hammer (202) 
622--0869
CC:FIP

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

RIN: 1545-BB90
_______________________________________________________________________




2703. NEW MARKETS TAX CREDIT AMENDMENTS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 45D; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations will amend regulations section 
1.45D--1T involving the new markets tax credit under section 45D. The 
amendments will address certain issues involving qualified low--income 
community investments under section 45D(d)(1).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--115471--03
Drafting attorney: Paul F. Handleman (202) 622--3040
Reviewing attorney: Susan Reaman (202) 622--3040
Treasury attorney: Steve Watson (202) 622--1322
CC:PSI

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

RIN: 1545-BC02
_______________________________________________________________________




2704. [bull] GUIDANCE REGARDING APPLICATION OF SECTION 265(A)(2) AND 
246A IN TRANSACTIONS INVOLVING RELATED PARTIES, PASS--THROUGH ENTITIES, 
OR OTHER INTERMEDIARIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7701(f); 26 USC 265(a); 26 USC 246A

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 7701(f) of the Code provides that the Secretary shall 
prescribe such regulations as may be necessary or appropriate to 
prevent the avoidance of the provisions of the Code that deal with (1) 
the linking of borrowing to investment, or (2) diminishing the risk 
through the use of related persons, pass--through entities, or other 
intermediaries. Section 7701(f) was enacted to authorize the issuance 
of regulations to prevent the avoidance of the purposes of sections 
265(a)(2) (which disallows interest on indebtedness incurred or 
continued to purchase or carry tax--exempt obligations) and 246A (which 
reduces the dividends received deduction under sections 243, 244, or 
245(a)) in proportion to the extent that the portfolio stock with 
respect to which the dividends are received is debt--financed) through 
transactions involving related parties, pass--through entities, or 
other intermediaries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--128572--03

[[Page 73420]]

Drafting attorney: Avital Grunhaus (202) 622--3940
Reviewing attorney: David Silber (202) 622--3930
Treasury attorneys: Michael Novey (202) 622--1339 and Viva Hammer (202) 
622--0869

Agency Contact: Avital Grunhaus, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washinton, DC 20224
Phone: 202 622--3940

RIN: 1545-BC24
_______________________________________________________________________




2705. [bull] SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR 
RETURN (ASFR) (TEMPORARY)

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

Legal Authority: 26 USC 7805; 26 USC 6020

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The temporary regulation serves to be the Service's 
expression of intent that certain documents generated in the substitute 
for return (SFR) and Automated Substitute for Return (ASFR) process 
constitute section 6020(b) returns for purposes of assessing the 
section 6651(a)(2) addition to tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG--131739--03
Drafting attorney: Tracey B. Leibowitz (202) 622--4940
CC:PA:APJP

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

RIN: 1545-BC46
_______________________________________________________________________




2706. [bull] GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO 
MEMBERS OF A CONSOLIDATED GROUP (TEMPORARY)

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

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations amend REG--132760--03 published 
in the Federal Register on September 4, 2003 (68 FR 52542), and TD 9089 
also published in the Federal Register on September 4, 2003 (68 FR 
52487). Those regulations provided guidance concerning the application 
of section 108 to members of a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--153319--03
Drafting attorney: Amber R. Cook (202) 622--7530
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-BC77
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2707. FOREIGN INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--209066--88 (INTL--024--88)
Drafting attorney: Sheila Ramaswamy (202) 622--3870
Reviewing attorney: Steven Jensen (202) 622--3870
CC:INTL

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

RIN: 1545-AL82
_______________________________________________________________________




2708. OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The income tax regulations under section 367(a) will be 
amended

[[Page 73421]]

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--209006--89 (INTL--089--89)
Drafting attorney: Tasheaya Warren Ellison (202) 622--3860
Reviewing attorney: Charlie Besecky (202) 622--3860
CC:INTL

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

RIN: 1545-AM97
_______________________________________________________________________




2709. 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                            12/00/03

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
_______________________________________________________________________




2710. 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
Second NPRM                     12/00/03

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: Richard L. Chewning (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
_______________________________________________________________________




2711. TAXATION OF GLOBAL TRADING

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will improve the taxation of global 
trading.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--208299--90 (INTL--70--90)
Drafting attorney: Kenneth P. Christman (202) 622--3870
Reviewing attorney: Paul S. Epstein (202) 622--3870
Treasury attorney: Patricia Brown (202) 622--1781
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-AP01
_______________________________________________________________________




2712. INFORMATION REPORTING AND RECORD MAINTENANCE

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will implement the directives of section 
6038C. This will be accomplished by requiring foreign corporations 
engaged in a U.S. business to provide specific information regarding 
related party transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

[[Page 73422]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--208265--90 (INTL--102--90)
Drafting attorney: Garrett D. Gregory (202) 622--3870
Reviewing attorney: Paul S. Epstein (202) 622--3870
Treasury attorney: Patricia Brown (202) 622--1781
CC:INTL

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

RIN: 1545-AP10
_______________________________________________________________________




2713. INTEGRATED FINANCIAL TRANSACTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--209604--93 (INTL--001--93)
Drafting attorney: Kenneth P. Christman (202) 622--3870
Reviewing attorney: Paul S. Epstein (202) 622--3870
Treasury attorney: Patricia Brown (202) 622--1781
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-AR20
_______________________________________________________________________




2714. SOURCE RULES FOR PAYMENTS MADE PURSUANT TO CERTAIN SWAP 
ARRANGEMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Agency Contact: Paul S. Epstein, Senior Technical Reviewer, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3870

RIN: 1545-AU89
_______________________________________________________________________




2715. FOREIGN TAX CREDIT ANTI--ABUSE REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 901; 26 USC 901; 26 USC 904; 26 
USC 864; 26 USC 7701

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--103445--98
Drafting attorney: Bethany Ingwalson (202) 622--3850
Reviewing attorney: Barbara A. Felker (202) 622--3850
CC:INTL

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

RIN: 1545-AV97
_______________________________________________________________________




2716. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

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                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--106167--98
Drafting attorney: Deane M. Burke (202) 622--3130
Reviewing attorneys: Frank K. Boland (202) 622--3130 and Phillip Howard 
(202) 622--3000

[[Page 73423]]

Treasury attorney: John Parcell (202) 622--2578
CC:PSI

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

RIN: 1545-AW19
_______________________________________________________________________




2717. 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 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, the Internal 
Revenue Service Restructuring and Reform Act of 1998, and the Jobs and 
Growth Tax Relief Reconciliation Act of 2003.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--110896--98
Drafting attorney: Theresa M. Melchiorre (202) 622--7830
Reviewing attorney: Katherine A. Mellody (202) 622--3090
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI

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

RIN: 1545-AW35
_______________________________________________________________________




2718. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1259

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

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: Elizabeth Handler (202) 622--3920
Treasury attorney: Michael Novey (202) 622--1339
CC:FIP

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
_______________________________________________________________________




2719. 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                            12/00/03

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: Carl Dubert (202) 622--0222
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
_______________________________________________________________________




2720. 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 the 
method of accounting.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/04

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: Sharon Kay (202) 622--0865
CC:ITA

[[Page 73424]]

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
_______________________________________________________________________




2721. AWARDING OF COSTS AND CERTAIN FEES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7430

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                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--111833--99
Drafting attorney: Tami C. Belouin (202) 622--3847
Reviewing attorneys: Susan T. Mosley (202) 622--7950 and Henry S. 
Schneiderman (202) 622--3400
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:APJP

Agency Contact: Tami C. Belouin, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3847

RIN: 1545-AX46
_______________________________________________________________________




2722. HIGHLY COMPENSATED EMPLOYEE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulations will provide the definition of highly 
compensated employee.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

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
_______________________________________________________________________




2723. 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: This regulation will modify section 367(a), stock transfer 
regulations, to address abuses under check--the--box and through the 
use of convertible stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

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, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3860

RIN: 1545-AX77
_______________________________________________________________________




2724. 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                            12/00/03

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
CC:INTL

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

[[Page 73425]]

Phone: 202 622--3840

RIN: 1545-AX91
_______________________________________________________________________




2725. LIKE--KIND EXCHANGES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 168; 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                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--106590--00
Drafting attorney: Charles Magee (202) 622--3110
Reviewing attorney: Charles Ramsey (202) 622--3110
Treasury attorney: George Manousos (202) 622--1335
CC:PSI

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

RIN: 1545-AX95
_______________________________________________________________________




2726. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

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: George Manousos (202) 622--1335
CC:PA: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
_______________________________________________________________________




2727. 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                            12/00/03

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: Michael H. Frankel (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--3860

RIN: 1545-AY28
_______________________________________________________________________




2728. TAXABLE YEARS OF CONTROLLED FOREIGN CORPORATIONS (CFCS) AND 
FOREIGN PERSONAL HOLDING COMPANIES (FPHCS)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 898

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG--108523--00
Drafting attorney: Jeffrey L. Vinnik (202) 622--3840
Reviewing attorney: Phyllis Marcus (202) 622--3840
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-AY30
_______________________________________________________________________




2729. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

[[Page 73426]]

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG--115037--00
Drafting attorney: J. Peter Luedtke (202) 435--5265
Reviewing attorney: John M. Breen (202) 435--5265
Treasury attorney: Rocco Femia (202) 622--1755
CC:INTL

Agency Contact: J. Peter Luedtke, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435--5265

RIN: 1545-AY38
_______________________________________________________________________




2730. 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                            12/00/03

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: Sharon Kay (202) 622--0865
CC:ITA

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
_______________________________________________________________________




2731. 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                            06/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG--121509--00
Drafting attorney: Jonathan A. Sambur (202) 622--3840
Reviewing attorney: Kelly Kogan (202) 622--3840
Treasury attorney: Rocco Femia (202) 622--1755
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-AY54
_______________________________________________________________________




2732. 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                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--120297--01
Drafting attorney: Christine S. Irwin (202) 622--4570
Reviewing attorney: David L. Fish (202) 622--4590
Treasury attorney: Eric San Juan (202) 622--0224
CC:PA:DPL

Agency Contact: Christine S. Irwin, Attorney--Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--4570

RIN: 1545-AY89
_______________________________________________________________________




2733. PAYMENTS FOR INTEREST IN PARTNERSHIP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 736

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 73427]]

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                            12/00/03

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: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-AY90
_______________________________________________________________________




2734. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE; TAX BOOK VALUE 
DISPARITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations would propose amendments to the current tax 
book value method of valuing assets for purposes of interest expense 
apportionment in order to reduce disparities between the treatment of 
foreign and domestic use assets.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--129447--01
Drafting attorney: Margaret A. Hogan (202) 622--3850
Reviewing attorney: Anne Devereaux (202) 622--3850
Treasury attorneys: Michael Caballero (202) 622--0851 and John 
Harrington (202) 622--0589
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-BA02
_______________________________________________________________________




2735. 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                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--107592--00
Drafting attorney: Frances Kelly (202) 622--7072
Reviewing attorney: Michael J. Wilder (202) 622--3393
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP

Agency Contact: Frances L. Kelly, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--7072

RIN: 1545-BA11
_______________________________________________________________________




2736. 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                            12/00/03

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, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--6090

RIN: 1545-BA13
_______________________________________________________________________




2737. CONTINUATION OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation addresses issues related to the continuation 
of consolidated groups in regulation's section 1.1502--75.

[[Page 73428]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

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
Reviewing attorney: Edward Cohen (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
_______________________________________________________________________




2738. PROPERTY EXEMPT FROM LEVY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6334

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will 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).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

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:PA:CBS

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
_______________________________________________________________________




2739. GASOLINE TAX CLAIMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6416

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(b)(2) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/23/01                    66 FR 53564
NPRM                            06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: Local, State, Tribal

Additional Information: REG--143219--01
Drafting attorney: Susan Athy (202) 622--3130
Reviewing attorneys: Frank Boland (202) 622--3130 and Phillip Howard 
(202) 622--3000
Treasury attorney: John Parcell (202) 622--2578
CC:PSI

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-BA27
_______________________________________________________________________




2740. 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 7603; 26 USC 7609

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 the Internal 
Revenue Service Restructuring and Reform Act of 1998, Omnibus Budget 
Reconciliation Act of 1990, Technical and Miscellaneous Revenue Act of 
1988 and Tax Reform Act of 1986. This regulation is a continuation of 
the regulation project previously numbered at REG--208225--88.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

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--3600
Reviewing attorney: Robert A. Miller (202) 622--3600
CC:PA:CBS

Agency Contact: Elizabeth D. Rawlins, Attorney--Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3600

RIN: 1545-BA31
_______________________________________________________________________




2741. 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

[[Page 73429]]

definition of a possession under those regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--159068--01
Drafting attorney: Jonathan A. Sambur (202) 622--3840
Reviewing attorney: Phyllis E. Marcus (202) 622--3840
Treasury attorney: Carl Dubert (202) 622--0222
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-BA37
_______________________________________________________________________




2742. 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                            12/00/03

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: David N. Bowen (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
_______________________________________________________________________




2743. MULTIFAMILY HOUSING BONDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to various issues with respect to 
multifamily housing bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Local, State

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

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

RIN: 1545-BA45
_______________________________________________________________________




2744. MODIFICATION OF CHECK THE BOX REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

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 in 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

________________________________________________________________________

Temporary Regulation            12/00/03

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

[[Page 73430]]

_______________________________________________________________________




2745. MODIFICATION OF CHECK THE BOX REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The Modification of Check the Box regulation will add a new 
section to the 301.7701--2 regulations to provide that in certain 
circumstances, namely in 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                            12/00/03

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
_______________________________________________________________________




2746. 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: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation will provide rules that 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                            12/00/03

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:PA:APJP

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
_______________________________________________________________________




2747. 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                            06/00/04

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
Treasury attorney: John Harrington (202) 622--0589
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
_______________________________________________________________________




2748. 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                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG--125628--01

[[Page 73431]]

Drafting attorney: Robert W. Lorence (202) 622--3860
Reviewing attorney: Charles Besecky (202) 622--3860
CC:INTL

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

RIN: 1545-BA65
_______________________________________________________________________




2749. CIRCULAR 230--TAX SHELTER AMENDMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 31 USC 330

CFR Citation: 31 CFR 10

Legal Deadline: None

Abstract: These regulations propose amendments to the standards for tax 
opinions related to tax shelters.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--122379--02
Drafting attorney: Brinton T. Warren (202) 622--7800
Reviewing attorney: Richard S. Goldstein (202) 622--3400
Treasury attorney: Julian Kim (202) 622--1981
CC:PA: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--7800

RIN: 1545-BA70
_______________________________________________________________________




2750. CIRCULAR 230--PHASE 2 NONSHELTER REVISIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 31 USC 330

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations propose amendments to the rules governing 
practice before the Internal Revenue Service.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/19/02                    67 FR 77724
NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--122380--02
Drafting attorney: Heather L. Dostaler (202) 622--8445
Reviewing attorney: Richard S. Goldstein (202) 622--7820
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:APJP

Agency Contact: Heather L. Dostaler, Attorney--Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--8445

RIN: 1545-BA72
_______________________________________________________________________




2751. ALLOCATION OF NEW MARKETS TAX CREDIT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 45D; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will address how the section 45D new markets 
tax credit should be allocated to the partners of a partnership under 
section 704(b) of the Internal Revenue Code and will address related 
partnership issues.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG--131999--02
Drafting attorney: Michael Goldman (202) 622--3080
Reviewing attorney: James Quinn (202) 622--3070
CC:PSI

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

RIN: 1545-BA84
_______________________________________________________________________




2752. TRANSFER OF NOTES OR STOCK TO PROVIDE FOR SATISFACTION OF 
CONTESTED LIABILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations would amend regulations section 
1.461--2 that allows a taxpayer to deduct in the taxable year of 
transfer the amount of money on other property transferred to satisfy 
an asserted liability that the taxpayer contests. The amendment to 
regulations section 1.461--2(c)(1) relates to transfers to provide for 
the satisfaction of an asserted liability. The regulations would also 
amend regulations section 1.461--2 to provide rules relating to 
economic performance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

[[Page 73432]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--136890--02
Drafting attorney: Norma C. Rotunno (202) 622--7900
Reviewing attorney: Thomas D. Moffitt (202) 622--7900
Treasury attorney: Sharon A. Kay (202) 622--0865
CC:ITA

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

RIN: 1545-BA90
_______________________________________________________________________




2753. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will facilitate electronic tax 
administration.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--137243--02
Drafting attorney: Bridget E. Tombul (202) 622--4940
Reviewing attorney: Ashton P. Trice (202) 622--4940
Treasury attorney: John Parcell (202) 622--2578
CC:PA:APJP

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

RIN: 1545-BA96
_______________________________________________________________________




2754. TIMELY MAILING TREATMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7502

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will expressly provide that a registered or 
certified mail receipt is the sole means to prove delivery of a 
document to the Internal Revenue Service.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--138176--02
Drafting attorney: Charles A. Hall (202) 622--4940
Reviewing attorney: Ashton Trice (202) 622--4940
Treasury attorney: Eric San Juan (202) 622--0224
CC:PA:APJP

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

RIN: 1545-BA99
_______________________________________________________________________




2755. HAND CARRY RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6091

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation revises obsolete references in the 
regulations under section 6091 of the Internal Revenue Code and 
provides guidance to taxpayers on the proper place to file a return by 
hand carrying the return to the Internal Revenue Service. Currently, 
the regulations provide that handcarried returns should be filed with 
the District Director.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--138173--02
Drafting attorney: Emly B. Berndt (202) 622--4940
Reviewing attorney: Ashton Trice (202) 622--4940
Treasury attorney: Julian Kim (202) 622--2578
CC:PA:APJP

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

RIN: 1545-BB00
_______________________________________________________________________




2756. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 704(b); 26 USC 703(b)(3); 26 USC 702(a)(b)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on how foreign tax 
credits must be allocated to partners under section 704(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 73433]]

Additional Information: REG--139792--02
Drafting attorney: Beverly M. Katz (202) 622--3050
Reviewing attorney: Daniel Carmody (202) 622--3050
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

RIN: 1545-BB11
_______________________________________________________________________




2757. DISTRIBUTIONS OF PROPERTY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1023; 26 USC 1024; 26 USC 2032

CFR Citation: 26 CFR 301; 26 CFR 20

Legal Deadline: None

Abstract: This regulation will clarify the language in regulations 
section 301.9100--6T to remove confusion as to whether relief for 
making an election under regulations section 2032 is available under 
sections 301.9100--1 and 301--9100--3.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--139845--02
Drafting attorney: Theresa M. Melchiorre (202) 622--7830
Reviewing attorney: Katherine A. Mellody (202) 622--7830
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI

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

RIN: 1545-BB12
_______________________________________________________________________




2758. COST SHARING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will provide additional guidance 
on cost sharing arrangements under section 482.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG--144615--02
Drafting attorneys: David Bowen (202) 622--3800 and Jeffrey Parry (202) 
435--5265
Reviewing attorney: Elizabeth G. Beck (202) 435--5265
Treasury attorney: Rocco Femia (202) 622--1755
CC:INTL

Agency Contact: Jeffrey Parry, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435--5265

RIN: 1545-BB26
_______________________________________________________________________




2759. APPLICATION OF SEPARATE LIMITATIONS TO DIVIDENDS FROM 
NONCONTROLLED SECTION 902 CORPORATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 904(d)(6)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The Taxpayer Relief Act of 1997 amended the foreign tax 
credit limitation rules under section 904(d) and extended lookthrough 
treatment to dividends paid by a 10/50 lookthrough corporation, 
effective for earnings and profits accumulated in tax years beginning 
after December 31, 2002. These regulations would provide guidance 
needed to comply with these changes, including transition rules for 
dividends paid by a 10/50 lookthrough corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--144784--02
Drafting attorney: Ginny Y. Chung (202) 622--3850
Reviewing attorney: Barbara Felker (202) 622--3850
CC:INTL

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

RIN: 1545-BB28
_______________________________________________________________________




2760. AMENDING THE LOW--INCOME HOUSING TAX CREDIT PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations are amendments to the general public use 
requirements in the low--income housing tax credit program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--151145--02
Drafting attorney: Jack Malgeri (202) 622--3040
Reviewing attorney: Harold Burghart (202) 622--3040

[[Page 73434]]

CC:PSI

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

RIN: 1545-BB37
_______________________________________________________________________




2761. ADMINISTRATIVE SIMPLIFICATION OF 481(A) ADJUSTMENT PERIODS IN 
VARIOUS REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The purpose of this project is to harmonize various 
regulatory provisions with current administrative guidance regarding 
recovery periods for section 481(a) adjustments. When the IRS changed 
the spread periods from four years (positive and negative) to four 
years (positive) and one year (negative), it discovered that there were 
some scattered regulatory provisions that contain different spread 
periods. Those regulatory provisions that are imposed as a matter of 
administrative discretion are under consideration to impose a standard 
spread period.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--142605--02
Drafting attorney: Christian T. Wood (202) 622--4930
Reviewing attorneys: Grant Anderson (202) 622--4930 and David Fahey 
(202) 622--4930
CC:ITA

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

RIN: 1545-BB47
_______________________________________________________________________




2762. ELECTION OUT GENERATION--SKIPPING TRANSFER TAX (GST) DEEMED 
ALLOCATIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 2601; 26 USC 2632; 26 USC 2642

CFR Citation: 26 CFR 601

Legal Deadline: None

Abstract: Procedure for making the election to not have the deemed 
generation--skipping transfer tax allocation rules apply with respect 
to a GST Trust and for making the election to treat a trust as a GST 
Trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--153841--02
Drafting attorney: Scott S. Landes (202) 622--3090
Reviewing attorney: George Maenik (202) 622--3090
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI

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

RIN: 1545-BB54
_______________________________________________________________________




2763. SUBSTITUTE DIVIDEND PAYMENTS IN SECURITIES LENDING AND SIMILAR 
TRANSACTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to taxation of cross--border and 
foreign--to--foreign substitute dividend payments in securities lending 
and similar transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG--130751--01
Drafting attorney: Jeffrey L. Vinnik (202) 622--3840
Reviewing attorney: David Bowen (202) 622--3800
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-BB56
_______________________________________________________________________




2764. DEEMED IRAS IN QUALIFIED RETIREMENT PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 408

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The Economic Growth and Tax Relief Reconciliation Act of 2001 
(EGTRRA) added new section 408(q) to the Internal Revenue Code. The new 
section allows eligible employer plans to permit employees to make 
voluntary contributions to a separate account or annuity established 
under the plan. The regulation will provide rules under which the 
accounts or annuities will be treated as Roth or traditional IRA's as 
applicable.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--157302--02

[[Page 73435]]

Drafting attorney: Linda C. Phillips (202) 622--6090
Reviewing attorney: Janet Laufer (202) 622--6090
Treasury attorney: Tom Reeder (202) 622--1341
CC:TEGE

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

RIN: 1545-BB58
_______________________________________________________________________




2765. DEEMED IRAS IN QUALIFIED RETIREMENT PLANS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 408(q)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The Economic Growth and Tax Relief Reconciliation Act of 2001 
(EGTRRA) added new section 408(q) to the Internal Revenue Code. The new 
section allows eligible employer plans to permit employees to make 
voluntary contributions to a separate account or annuity established 
under the plan. The regulation will provide rules under which the 
accounts or annuities will be treated as Roth or traditional IRA's as 
applicable.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--158210--02
Drafting attorney: Linda C. Phillips (202) 622--6090
Reviewing attorney: Janet Laufer (202) 622--6090
Treasury attorney: Tom Reeder (202) 622--1341
CC:TEGE

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

RIN: 1545-BB59
_______________________________________________________________________




2766. INFORMATION REPORTING RELATING TO TAXABLE STOCK TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6043; 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations under sections 6043(c) and 6045 require 
information reporting for corporate acquisitions of control and changes 
in capital structure.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/18/02                    67 FR 69496
Second NPRM                     12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--143321--02
Drafting attorney: Nancy L. Rose (202) 622--4910
Reviewing attorney: Pamela W. Fuller (202) 622--4910
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-BB60
_______________________________________________________________________




2767. LOSS LIMITATION RULES--G U REPEAL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 337; 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulations will provide guidance to corporations that 
are members of an affiliated group filing a consolidated income tax 
return and that own stock of a subsidiary member of the group. The 
regulations will prevent rules relating to certain adjustments to the 
basis of subsidiary member stock from having the effect of offsetting 
certain income and gain upon a disposition of the stock by the 
consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG--157711--02
Drafting attorney: Lola L. Johnson (202) 622--7530
Reviewing attorney: Charles M. Whedbee (202) 622--7530
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--7530

RIN: 1545-BB61
_______________________________________________________________________




2768. CONTRIBUTIONS TO PURCHASE CERTAIN RETIREMENT ANNUITIES OR 
CUSTODIAL ACCOUNTS UNDER SECTION 403(B)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 403(b); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation would revise and update the current section 
403(b) regulations to reflect the numerous statutory revisions to this 
section of the Internal Revenue Code since these regulations were first 
promulgated in 1964. Section 403(b) concerns the income tax exclusion 
for contributions to purchase certain retirement annuities or custodial 
accounts made for their employees by certain tax--exempt employers or 
State--sponsored educational institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

[[Page 73436]]

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: Federal, Local, State, Tribal

Additional Information: REG--155608--02
Drafting attorney: John A. Tolleris (202) 622--6060
Reviewing attorney: Cheryl Press (202) 622--6060
Treasury attorney: William Bortz (202) 622--1352
CC:TEGE

Agency Contact: John A. Tolleris, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622--6060

RIN: 1545-BB64
_______________________________________________________________________




2769. INSTALLMENT OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 704(c)(1)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on the treatment of 
installment obligations received in exchange for section 704(c) 
property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG--160330--02
Drafting attorney: Christopher L. Trump (202) 622--3080
Reviewing attorney: Jeanne Sullivan (202) 622--4117
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

RIN: 1545-BB65
_______________________________________________________________________




2770. LIQUIDATION OF AN INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2704(b)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to additional rules for determining 
when applicable restrictions are disregarded in valuing the liquidation 
of an interest under section 2704 of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--163113--02
Drafting attorney: John MacEachen (202) 622--7701
Reviewing attorney: George Masnik (202) 622--3090
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI

Agency Contact: John MacEachen, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--7701

RIN: 1545-BB71
_______________________________________________________________________




2771. QUALIFIED INTERESTS

Priority: Info./Admin./Other

Legal Authority: 26 USC 2702

CFR Citation: 26 CFR 25

Legal Deadline: None

Abstract: This regulation amends examples 5 and 6 of regulation section 
25.2702--3(e) to comply with the Tax Court's holding in Walton v. 
Commissioner, 115 TC. 589 (2000).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--163679--02
Drafting attorney: Scott S. Landes (202) 622--3090
Reviewing attorney: George Masnik (202) 622--3090
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI

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

RIN: 1545-BB72
_______________________________________________________________________




2772. COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 4291; 26 USC 6302; 26 USC 7805

CFR Citation: 26 CFR 40; 26 CFR 49

Legal Deadline: None

Abstract: These proposed regulations relate to the obligations of 
persons that receive payments for air transportation or communications 
service subject to excise tax when persons liable for taxes refuse to 
pay the tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

[[Page 73437]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--163909--02
Drafting attorney: Deane M. Burke (202) 622--3130
Reviewing attorneys: Frank K. Boland (202) 622--3130 and Phillip Howard 
(202) 622--3000
Treasury attorney: John Parcell (202) 622--2578
CC:PSI

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

RIN: 1545-BB75
_______________________________________________________________________




2773. COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 4291; 26 USC 6302; 26 USC 7805

CFR Citation: 26 CFR 40; 26 CFR 49

Legal Deadline: None

Abstract: These temporary regulations relate to the obligations of 
persons that receive payments for air transportation or communications 
service subject to excise tax when persons liable for taxes refuse to 
pay the tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--163909--02
Drafting attorney: Deane M. Burke (202) 622--3130
Reviewing attorneys: Frank Boland (202) 622--3130 and Phillip Howard 
(202) 622--3000
Treasury attorney: John Parcell (202) 622--2578
CC:PSI

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

RIN: 1545-BB76
_______________________________________________________________________




2774. APPLICATION OF NONDISCRIMINATION CROSS--TESTING RULES TO CASH 
BALANCE PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 411

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules for the application of 
certain nondiscrimination requirements, prohibiting discrimination in 
favor of highly compensated employees, to cash balance pension plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/11/02                    67 FR 76123
Hearing                         04/09/03
Other/Second NPRM               12/00/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG--164464--02
Drafting attorney: Linda S.F. Marshall (202) 622--6090
Reviewing attorney: Marjorie Hoffman (202) 622--6090
Treasury attorney: William Bortz (202) 622--1352
CC:TEGE

Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--6090

RIN: 1545-BB79
_______________________________________________________________________




2775. CORPORATE REORGANIZATIONS; CONTINUITY--TRANSFERS OF ASSETS OR 
STOCK FOLLOWING A REORGANIZATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides amendments to regulations section 
1.368--2(k) of the income tax regulations, which sets forth rules 
providing that for certain reorganizations, transfers by the acquiring 
corporation of target assets or stock to certain controlled 
corporations will not disqualify the transaction from nonrecognition 
treatment. The proposed amendments will clarify the reorganizations 
subject to these rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--165579--02
Drafting attorney: Rebecca O. Burch (202) 622--7550
Reviewing attorney: Wayne Murray (202) 622--7700
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP

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

RIN: 1545-BB80

[[Page 73438]]

_______________________________________________________________________




2776. NOTIONAL PRINCIPAL CONTRACTS; CONTINGENT NONPERIODIC PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 446

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: These proposed regulations relate to the character and the 
inclusion into income and deduction of contingent nonperiodic payments 
made pursuant to a notional principal contract.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG--166012--02
Drafting attorney: Kathleen Sleeth (202) 622--3920
Reviewing attorney: Elizabeth Handler (202) 622--3920
Treasury attorney: Viva Hammer (202) 622--0869
CC:FIP

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-BB82
_______________________________________________________________________




2777. REMIC RESIDUALS--TIMING OF INCOME FOR FOREIGN HOLDERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 860G(b); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations under 26 U.S.C. 860G(b) provide that if the 
holder of the REMIC residual interest is a foreign person, amounts 
inducible in the gross income of the holder shall be taken into account 
for each day during the taxable year on which the foreign person held 
the interest.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG--159929--02
Drafting attorney: Arturo Estrada (202) 622--3900
CC:FIP

Agency Contact: Arturo Estrada, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3900

RIN: 1545-BB84
_______________________________________________________________________




2778. TRANSFEROR OR TRANSFEREE AS A PREDECESSOR OR SUCCESSOR

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 355; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations under section 355(e) sets forth whether a 
transferor or transferee will be treated as a predecessor or successor 
for purposes of section 355(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--145535--02
Drafting attorney: Krishna P. Vallabhaneni (202) 622--7550
Reviewing attorney: Charles Whedbee (202) 622--7550
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP

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

RIN: 1545-BB85
_______________________________________________________________________




2779. DEPENDENT CARE CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 21; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The notice of proposed rulemaking will amend existing but 
partially obsolete regulations under 26 U.S.C. 21 relating to dependent 
care credits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--139059--02
Drafting attorney: Warren M. Joseph (202) 622--4920
Reviewing attorney: Robert Berkovsky (202) 622--4920
CC:ITA

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

RIN: 1545-BB86
_______________________________________________________________________




2780. PARTNERSHIP EQUITY FOR SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 721; 26 USC 83

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will describe the tax treatment of 
partnership equity issued in connection with the performance of 
services.

[[Page 73439]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--105346--03
Drafting attorneys: Audrey W. Ellis and Demetri Yatrakis (202) 622--
3060
Reviewing attorney: Matthew Lay (202) 622--3060
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

Demetri G. Yatrakis, Attorney--Advisor, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622--3060

RIN: 1545-BB92
_______________________________________________________________________




2781. DETERMINATION OF SINGLE--SUM DISTRIBUTIONS FROM CASH BALANCE PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will modify the rules for the determination 
of minimum single--sum distributions from cash balance pension plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Organizations

Government Levels Affected: None

Additional Information: REG--168897--02
Drafting attorney: Linda S.F. Marshall (202) 622--6090
Reviewing attorney: Marjorie Hoffman (202) 622--6030
Treasury attorney: Elizabeth Drigotas (202) 622--1332
CC:TEGE

Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--6090

RIN: 1545-BB93
_______________________________________________________________________




2782. ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations provide guidance on the accrual of 
original issue discount on certain REMIC regular interests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--108637--03
Drafting attorney: Rebecca E. Asta (202) 622--3930
Reviewing attorney: Patrick White (202) 622--3920
CC:FIP

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

RIN: 1545-BB94
_______________________________________________________________________




2783. NEW MARKETS TAX CREDIT AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 45D; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will amend regulations section 1.45D--1T 
involving the new markets tax credit under section 45D. The amendments 
will address certain issues involving qualified low--income community 
investments under section 45D(d)(1).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--115471--03
Drafting attorney: Paul F. Handleman (202) 622--3040
Reviewing attorney: Susan Reaman (202) 622--3040
Treasury attorney: Steve Watson (202) 622--1322
CC:PSI

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

RIN: 1545-BC03
_______________________________________________________________________




2784. TAX EXEMPT BOND PARTNERSHIP REPORTING REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6031; 26 USC 7805; 26 USC 706

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will state the Internal Revenue Service's 
authority to

[[Page 73440]]

issue other guidance concerning the reporting requirements for tax 
exempt bond partnerships. The other guidance will be issued separately 
by Revenue Procedure.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--115472--03
Drafting attorney: David A. Shulman (202) 622--3080
Reviewing attorney: Jeanne Sullivan (202) 622--3080
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

RIN: 1545-BC04
_______________________________________________________________________




2785. DETERMINATION OF BASIS OF A SINGLE CLASS OF STOCK OR SECURITIES 
RECEIVED IN EXCHANGE FOR A SINGLE CLASS OF STOCK OR SECURITIES IN A 
TAX--FREE EXCHANGES

Priority: Routine and Frequent

Legal Authority: 26 USC 338; 26 USC 358; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Amendment to section 1.358--2 of the income tax regulation. 
The proposed regulation will provide the basis allocation methods when 
a distributee exchanges a single class of stock acquired held in 
different lots (different dates and bases) for a single class of stock 
in a transaction under section 354, 355, or 356.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--116564--03
Drafting attorney: Theresa M. Kolish (202) 622--7930
Reviewing attorney: Reginald Mombrun (202) 622--7930
CC:CORP

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

RIN: 1545-BC05
_______________________________________________________________________




2786. GENERAL ALLOCATION AND ACCOUNTING REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules for the allocation of and 
accounting for bond proceeds for purposes of determining whether bonds 
are private activity bonds under section 141 of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: State

Federalism:  Undetermined

Additional Information: REG--140379--02
Drafting attorney: Johanna L. Som de Cerff (202) 622--3980
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

RIN: 1545-BC07
_______________________________________________________________________




2787. [bull] ENTRY OF TAXABLE FUEL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011; 26 USC 6071; 26 USC 6151

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules for payment of tax when 
taxable fuel is entered by an unregistered person.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--120616--03
Drafting attorney: Celia Gabrysh (202) 622--3130
Reviewing attorneys: Frank Boland (202) 622--3130 and Phillip Howard 
(202) 622--3000
Treasury attorney: John Parcell (202) 622--2578
CC:PSI

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

RIN: 1545-BC08
_______________________________________________________________________




2788. [bull] TIMING AND MODIFICATION OF THE SECTION 59(E) ELECTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 59

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on making a section 
59(e) election.

[[Page 73441]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--124405--03
Drafting attorney: Eric B. Lee (202) 622--3120
Reviewing attorney: Brenda Stewart (202) 622--3120
Treasury attorney: George Manousos (202) 622--1788
CC:PSI

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

RIN: 1545-BC13
_______________________________________________________________________




2789. [bull] GUIDANCE NECESSARY TO FACILITATE BUSINESS ELECTRONIC FILING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulatory amendments are designed to facilitate 
electronic filing of certain income tax returns and other forms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG--116664--01
Drafting attorney: Nathan B. Rosen (202) 622--4910
Reviewing attorney: Pamela Fuller (202) 622--4910
CC:PA:APJP

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

RIN: 1545-BC15
_______________________________________________________________________




2790. [bull] CHANGES IN COMPUTING DEPRECIATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 446(e) 
regarding changes in computing depreciation or amortization.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--126459--03
Drafting attorney: Sara Logan (202) 622--3110
Reviewing attorney: Kathleen Reed (202) 622--3110
Treasury attorney: George Manousos (202) 622--1335
CC:PSI

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

RIN: 1545-BC18
_______________________________________________________________________




2791. [bull] VALUE OF LIFE INSURANCE WHEN DISTRIBUTED FROM A QUALIFIED 
RETIREMENT PLAN

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations under section 402(a) of the 
Internal Revenue Code concern the amount includible in a distributee's 
income when certain life insurance and annuity contracts are 
distributed by a qualified retirement plan.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--126967--03
Drafting attorney: Robert M. Walsh (202) 622--6090
Reviewing attorney: Linda Marshall (202) 622--6090
Treasury attorney: Harlan Weller (202) 622--1001
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-BC20
_______________________________________________________________________




2792. [bull] UTILITY ALLOWANCE REGULATION UPDATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will modify and update utility allowance 
regulations under section 1.142--10, which provides for an alternative 
method for computing utility allowances under section 1.142--
10(b)(4)(ii). Also, the regulation will provide for annual updates of 
utility allowances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

[[Page 73442]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--128274--03
Drafting attorney: Gregory N. Doran (202) 622--3040
Reviewing attorney: Harold Burghart (202) 622--3040
Treasury attorney: Bruce Serchuk (202) 622--1766
CC:PSI

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

RIN: 1545-BC22
_______________________________________________________________________




2793. [bull] SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE 
DISALLOWED UNDER SECTION 265(A)(2)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 265; 26 USC 7701

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will address the treatment of interest income 
with respect to an intercompany loan when the source of funds is 
borrowing from a nonmember and there is a disallowance of interest 
expense under section 265(a)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--128590--03
Drafting attorney: Frances L. Kelly (202) 622--7072
Reviewing attorney: Michael Wilder (202) 622--3393
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP

Agency Contact: Frances L. Kelly, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--7072

RIN: 1545-BC23
_______________________________________________________________________




2794. [bull] EGTRRA CHANGES TO PROTECTED RETIREMENT BENEFITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 645(b)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance relating to section 
411(d)(6) of the Code regarding the elimination of certain early 
retirement benefits, retirement--type subsidies, and optional forms of 
benefit (section 411(d)(6)(B) protected benefits), and will address 
both: 1) when these benefits result in significant burdens and 
complexities for plans and its participants; and 2) when such benefits 
are of de minimis value to participants.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--128309--03
Drafting attorney: Pamela R. Kinard (202) 622--6060
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-BC26
_______________________________________________________________________




2795. [bull] SINGLE DETERMINATION OF TAX FOR MULTIPLE POOLS OF ASSETS OF 
AN S CORPORATION

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 1374(e)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will address the determination of tax 
with respect to various pools of assets of an S corporation that is 
subject to tax under section 1374.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG--131486--03
Drafting attorney: Jocelyn Leyretana (202) 622--7750
Reviewing attorney: Mark Jennings (202) 622--7750
Treasury attorney: Audrey Nacamuli (202) 622--1721
CC:CORP

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

RIN: 1545-BC29
_______________________________________________________________________




2796. [bull] DEEMED CORPORATE ELECTION FOR ELECTING S CORPORATIONS

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

Legal Authority: 26 USC 7701; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 73443]]

Abstract: The regulation will deem an electing S corporation to have 
also elected to be an association taxed as a corporation under section 
301.7701--3(1)(i) to ease the administrative burden on taxpayers and 
IRS Service Centers. It will continue implementation of section 7701 
under the secretary's general section 7805 regulatory authority.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--131786--03
Drafting attorney: Rebekah A. Myers (202) 622--3050
Reviewing attorney: Dianna Miosi (202) 622--3050
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

RIN: 1545-BC32
_______________________________________________________________________




2797. [bull] SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR 
RETURN (ASFR)

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

Legal Authority: 26 USC 7805; 26 USC 6020

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulation serves to be the Service's expression of 
intent that certain documents generated in the substitute for return 
(SFR) and Automated Substitute for Return (ASFR) processes constitute 
section 6020(b) returns for purposes of assessing the section 
6651(a)(2) addition to tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG--131739--03
Drafting attorney: Tracey B. Leibowitz (202) 622--4940
CC:PA:APJP

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

RIN: 1545-BC45
_______________________________________________________________________




2798. [bull] ADDITIONAL GUIDANCE REGARDING MARK--TO--MARKET ACCOUNTING 
FOR TRADERS IN SECURITIES AND/OR COMMODITIES, INCLUDING FOREIGN CURRENCY 
INSTRUMENTS

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

Legal Authority: 26 USC 7805; 26 USC 988(a)(1) (B)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides additional rules relating to the 
trader mark--to--market election: (1) the coordination of income 
character rules of the mark--to market regime with the capital election 
under section 988(a)(1)(B); (2) the definition of commodities for 
purposes of section 475; and (3) the application of the mark--to--
market rules for traders that trade both securities and commodities in 
a single business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--135660--03
Drafting attorney: Camille B. Evans (202) 622--3870
Reviewing attorney: Paul S. Epstein (202) 622--3870
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-BC48
_______________________________________________________________________




2799. [bull] QUALIFIED SEVERANCE REGULATIONS

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

Legal Authority: 26 USC 2642(a)(3)(C)

CFR Citation: 26 CFR 2654

Legal Deadline: None

Abstract: This regulation relates to generation--skipping transfer tax 
consequences of a qualified severance of a trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--145987--03
Drafting attorney: Mayer R. Samuels (202) 622--7265
Reviewing attorney: George Masnik (202) 622--6218
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI

[[Page 73444]]

Agency Contact: Mayer R. Samuels, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--7265

RIN: 1545-BC50
_______________________________________________________________________




2800. [bull] STEWARDSHIP EXPENSES

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The current regulations under section 1.861--8(e)(A), titled 
``Stewardship Expenses Attributable to Dividends Received,'' are 
confusing and subject to misuse by taxpayers. In conjunction with the 
proposed services regulations under section 482, it is proposed to 
revise these regulations to clarify the parameters of stewardship 
expenses, thereby demarcating them from shareholder activities under 
section 482 and supportive expenses under section 1.861--8T(b)(3).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--138603--03
Drafting attorney: Teresa B. Hughes (202) 622--3850
Reviewing attorney: Anne Devereaux (202) 622--3850
Treasury attorney: Rocco Femia (202) 622--1755
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-BC52
_______________________________________________________________________




2801. [bull] REMOVAL OF SECTION 6152 REGULATIONS

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

Legal Authority: 26 USC 6152

CFR Citation: 26 CFR 301; 26 CFR 1

Legal Deadline: None

Abstract: The regulations will remove sections 1.6152--1 and 301.6152--
1 pertaining to section 6152 of the Internal Revenue Code, which was 
repealed for tax years beginning after December 31, 1986.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--139421--03
Drafting attorney: Janice R. Feldman (202) 622--8488
Reviewing attorney: Susan Hartford (202) 622--4940
CC:PA:APJP

Agency Contact: Janice R. Feldman, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--8488

RIN: 1545-BC53
_______________________________________________________________________




2802. [bull] GUARANTEE FEES UNDER SECTION 143(G)

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

Legal Authority: 26 USC 143

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will allow issues of qualified mortgage 
revenue bonds under section 143 to exclude certain fees paid to 
guarantee pools of mortgages (including mortgage backed securities) 
from the calculation of the effective interest rate on the mortgages 
for purposes of section 143(g).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG--146692--03
Drafting attorney: Michael P. Brewer (202) 622--3980
Reviewing attorney: Timothy L. Jones (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-BC59
_______________________________________________________________________




2803. [bull] PREDECEASED PARENT RULE

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

Legal Authority: 26 USC 2651

CFR Citation: 26 CFR 2651; 26 CFR 7805

Legal Deadline: None

Abstract: The proposed regulation will provide guidance on the 
predeceased parent rule in section 2651(e) and amend the regulations 
under section 26.2612--1(a)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--145988--03
Drafting attorney: Lian A. Mito (202) 622--3719

[[Page 73445]]

Reviewing attorney: James F. Hogan (202) 622--3012
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI

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-BC60
_______________________________________________________________________




2804. [bull] QUALIFIED ZONE ACADEMY BONDS

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

Legal Authority: 26 USC 1397E

CFR Citation: 26 CFR 1.1397E

Legal Deadline: None

Abstract: The proposed regulation will provide that the credit allowed 
for eligible holders of qualified zone academy bonds may be claimed by 
S corporation shareholders; will clarify that no procedure is necessary 
to carry over unused QZAB limit; will coordinate and make consistent 
provisions regarding determination of credit rate and maturity date; 
will provide for remedial action in case of change in use of bond 
proceeds; prevent the use of bond proceeds to repay the bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Undetermined

Government Levels Affected: Local, State

Additional Information: REG--121475--03
Drafting attorney: Zoran Stojanovic (202) 622--4096
Reviewing attorney: Timothy L. Jones (202) 622--3701
Treasury attorney: Stephen Watson (202) 622--1322
CC:TEGE

Agency Contact: Zoran Stojanovic, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--4096

RIN: 1545-BC61
_______________________________________________________________________




2805. [bull] GUIDANCE NECESSARY TO FACILITATE BUSINESS ELECTRONIC FILING 
(TEMPORARY)

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

Legal Authority: 26 USC 7805

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

Legal Deadline: None

Abstract: The temporary regulation is designed to facilitate the 
electronic filing of certain business income tax returns and other 
forms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--116664--01
Drafting attorney: Nathan B. Rosen (202) 622--4910
Reviewing attorney: Pameala W. Fuller (202) 622--4910
CC:PA:APJP

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

RIN: 1545-BC62
_______________________________________________________________________




2806. [bull] GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES

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

Legal Authority: 26 USC 707; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance regarding disguised 
sales of partnership interests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--149519--03
Drafting attorney: James M. Gergurich (202) 622--3070
Reviewing attorney: Christine Ellison (202) 622--3080
Treasury attorney: Deborah Harrington (202) 622--1788
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-BC63
_______________________________________________________________________




2807. [bull] PARTNERSHIP TRANSACTIONS INVOLVING PARTNER'S STOCK

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

Legal Authority: 26 USC 7805; 26 USC 337

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation under section 1.337(d)--3 will 
finalize regulations relating to partnership transactions involving 
partner's stock.

[[Page 73446]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG--149518--03
Drafting attorney: Tara P. Volungis (202) 622--3080
Reviewing attorney: Christine Ellison (202) 622--3070
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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-BC64
_______________________________________________________________________




2808. [bull] PARTNERSHIPS AND DEEMED DISPOSITIONS OF UNREALIZED 
RECEIVABLES AND INVENTORY ITEMS

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

Legal Authority: 26 USC 751; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These modifications to regulations under section 751 require 
a redeeming partner to take hot assets with built--in gain equal to the 
partner's proportionate share of the total hot asset appreciation in 
the partnership, regardless of fair market value.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--149610--03
Drafting attorney: Jason T. Smyczek (202) 622--3050
Reviewing attorney: Dan Carmody (202) 622--3050
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

RIN: 1545-BC65
_______________________________________________________________________




2809. [bull] LIFO RECAPTURE UNDER SECTION 1362(D)

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

Legal Authority: 26 USC 1363

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 1363(d) provides for the recapture of LIFO benefits 
when a corporation elects S corporation status. This project addresses 
the treatment LIFO inventor held though partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--149524--03
Drafting attorney: Pietro E. Canestrelli (202) 622--3060
Reviewing attorney: David Haglund (202) 622--3050
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

RIN: 1545-BC66
_______________________________________________________________________




2810. [bull] QUALIFIED ZONE ACADEMY BONDS (TEMPORARY)

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

Legal Authority: 26 USC 1397E

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will provide that the credit allowed 
for eligible holders of qualified zone academy bonds may be claimed by 
S corporation shareholders; will clarify that no procedure is necessary 
to carry over unused QZAB limit; will coordinate and make consistent 
provisions regarding determination of credit rate and maturity date; 
will provide for remedial action in case of change in use of bond 
proceeds; prevent the use of bond proceeds to repay the bonds.

Timetable:Section 610 R
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG--121475--03
Drafting attorney: Zoran Stojanovic (202) 622--4096
Reviewing attorney: Timothy L. Jones (202) 622--3701
Treasury attorney: Stepen Watson (202) 622--1322
CC:TEGE

Agency Contact: Zoran Stojanovic, Attorney--Advisor, Department of the

[[Page 73447]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--4096

RIN: 1545-BC68
_______________________________________________________________________




2811. [bull] SECTION 179 ELECTIONS

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

Legal Authority: 26 USC 202

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulations will provide guidance for election under 
section 179, effective for 2003.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG--152549--03
Drafting attorney: Winston H. Douglas (202) 622--3110
Reviewing attorney: Mark Pitzer (202) 622--3110
Treasury attorney: George Manousos (202) 622--1335
CC:PSI

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

RIN: 1545-BC69
_______________________________________________________________________




2812. [bull] REAL ESTATE MORTGAGE INVESTMENT CONDUIT (REMIC) TETRA RULES

Priority: Info./Admin./Other. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 860F

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation relates to the application of 
partnership audit procedures to disputes regarding the ownership of 
residual interests in a REMIC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--154077--03
Drafting attorney: Arturo Estrada (202) 622--3900
Reviewing attorney: Dale Collinson (202) 622--3900
Treasury attorney: Viva Hammer (202) 622--0869
CC:FIP

Agency Contact: Arturo Estrada, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3900

RIN: 1545-BC71
_______________________________________________________________________




2813. [bull] COLLECTION AFTER ASSESSMENT

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

Legal Authority: 26 USC 7805; 26 USC 6502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The Internal Revenue Service Restructuring and Reform Act of 
1988 (RRA `98) section 3461 amended section 6502 of the Code to limit 
the ability of the Service to enter into agreements extending the 
collection statute. RRA `98 also included an off--Code ``sunset'' 
provision governing the continued effect of collection statute 
extension agreements executed prior to January 1, 2000, the effective 
date of this section. The current regulations under section 6502 have 
not been updated to reflect these changes to the section. The current 
regulations provide that extension agreements may be executed anytime 
prior to the expiration of the original statutory collection period.
The revised regulations will incorporate the changes imposed by RRA `98 
and will provide in part that the only two circumstances under which an 
agreement extending the collecting period may be executed are: (1) when 
the extension agreement is executed in connection with an Installment 
Agreement; and (2) when the extension agreement is executed prior to a 
levy being released pursuant to section 6343, when the release occurs 
after the expiration of the original 10--year statutory collection 
period. Also, the revised regulations will discuss the continued 
validity of extension agreements executed prior to January 1, 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--148701--03
Drafting attorney: Aaron D. Gregory (202) 622--3620
Reviewing attorney: Fredrick W. Schindler (202) 622--3620
CC:PA:CBS

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

RIN: 1545-BC72

[[Page 73448]]

_______________________________________________________________________




2814. [bull] GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO 
MEMBERS OF A CONSOLIDATED GROUP

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

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations amend REG--132760--03 published in 
the Federal Register on September 4, 2003 (68 FR 52542) and TD 9089 
also published in the Federal Register on September 4, 2003 (68 FR 
52487). Those regulations provided guidance concerning the application 
of section 108 to members of a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--153319--03
Drafting attorney: Amber R. Cook (202) 622--7530
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-BC74
_______________________________________________________________________




2815. [bull] CONFIDENTIAL TRANSACTIONS

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

Legal Authority: 26 USC 6011; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will modify the rule for confidential 
transactions under section 1.6011--4(b)(3).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--155303--03
Drafting attorney: Tara P. Volungis (202) 622--3080
Reviewing attorney: Christine Ellison (202) 622--3070
Treasury attorney: Julian Kim (202) 622--1981
CC:PSI

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-BC75
_______________________________________________________________________




2816. [bull] CONFIDENTIAL TRANSACTIONS (TEMPORARY)

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

Legal Authority: 26 USC 6011; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will modify the rule for confidential 
transactions under section 1.6011--4(b)(3).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           06/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--155303--03
Drafting attorney: Tara Volungis (202) 622--3080
Reviewing attorney: Christine Ellison (202) 622--3070
Treasury attorney: Julian Kim (202) 622--1981
CC:PSI

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-BC76
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2817. FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The income tax regulations under section 367 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

[[Page 73449]]

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                    06/00/04

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
_______________________________________________________________________




2818. 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                    12/00/03

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, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3860

RIN: 1545-AK79
_______________________________________________________________________




2819. COMPUTATION OF A BRANCH'S TAXABLE INCOME; TAXATION OF EXCHANGE 
GAIN OR LOSS ON BRANCH REMITTANCES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to branch rules and how to translate 
branch income, the taxation of exchange gain or loss on branch 
remittances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/91                    56 FR 48457
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--208270--86 (INTL--965--86)
Drafting attorney: Kenneth P. Christman (202) 622--3870
Reviewing attorney: Jeffrey Dorfman (202) 622--3870
Treasury attorney: Carl Dubert (202) 622--0222
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-AM12
_______________________________________________________________________




2820. EARNINGS STRIPPING PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/18/91                    56 FR 27907
Hearing                         09/25/91
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AO24
_______________________________________________________________________




2821. REGISTRATION REQUIRED OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 165

CFR Citation: 26 CFR 1

Legal Deadline: None

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

[[Page 73450]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/93                     58 FR 5316
Final Action                    12/00/03

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 Lippe (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
_______________________________________________________________________




2822. 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 
amendments 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 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                    12/00/03

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
_______________________________________________________________________




2823. 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 proposed 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                    12/00/03

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________




2824. ESCROW FUNDS AND OTHER SIMILAR FUNDS

Priority: Substantive, Nonsignificant

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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--209619--93 (IA--17--93)
Drafting attorney: A. Katharine Kiss (202) 622--7812
Reviewing attorney: Jeffery G. Mitchell (202) 622--7034
CC:ITA

Agency Contact: A. Katharine Kiss, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--7812

RIN: 1545-AR82

[[Page 73451]]

_______________________________________________________________________




2825. 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. The 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--209724--94 (FI--42--94)
Drafting attorney: Stephen J. Coleman (202) 622--6289
Reviewing attorney: Elizabeth Handler (202) 622--3157
CC:FIP
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: Stephen J. Coleman, Attorney--Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--6289

RIN: 1545-AS85
_______________________________________________________________________




2826. STRADDLES----MISCELLANEOUS ISSUES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies the circumstances in which common 
stock may be personal property for purposes of section 1092.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/02/95                    60 FR 21482
Other/Comment Period End        05/01/01
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--209768--95 (FI--21--95)
Drafting attorney: Mary Brewer (202) 622--3950
Reviewing attorney: Christina Morrison (202) 622--3950
Treasury attorney: Mike Novey (202) 622--1339
CC:FIP

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

RIN: 1545-AT46
_______________________________________________________________________




2827. RECOMPUTATION OF LIFE INSURANCE RESERVES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 816

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will permit recomputation of life insurance 
reserves that were not originally computed according to the 
requirements of section 816(b)(1)(A).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/97                       62 FR 71
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--246018--96
Drafting attorney: Mark S. Smith (202) 622--3970
Reviewing attorney: Don Drees (202) 622--3970
CC:FIP

Agency Contact: Mark S. Smith, Branch Chief, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3970

RIN: 1545-AU49
_______________________________________________________________________




2828. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/94                    59 FR 67658
NPRM Comment Period End         05/01/95
Second NPRM                     05/14/03                    68 FR 25845
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--113007--99
Drafting attorney: Gary Bornholdt (202) 622--7870
Treasury attorney: Bruce M. Serchuk (202) 622--1766
CC:TEGE

Agency Contact: Gary W. Bornholdt, Attorney--Advisor, Department of the

[[Page 73452]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--7870

RIN: 1545-AU98
_______________________________________________________________________




2829. 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--101520--97
Drafting attorney: Kevin B. Connelly (202) 622--3630
Reviewing attorney: Robert Miller (202) 622--3630
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:CBS

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
_______________________________________________________________________




2830. 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                    12/00/03

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 Lippe (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
_______________________________________________________________________




2831. 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--116826--97
Drafting attorney: Sean Dwyer (202) 622--5020
Drating attorney: Donna Crisalli (202) 622--5020
CC:ITA

Agency Contact: Sean Dwyer, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--5020

RIN: 1545-AW01
_______________________________________________________________________




2832. 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--104924--98
Drafting attorney: Stephen J. Coleman (202) 622--6289
Reviewing attorney: Robert Williams (202) 622--3157
CC:FIP

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

[[Page 73453]]

Phone: 202 622--6289

RIN: 1545-AW06
_______________________________________________________________________




2833. 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--105964--98
Drafting attorney: Frances Kelly (202) 622--7072
Reviewing attorney: Michael J. Wilder (202) 622--3393
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP

Agency Contact: Frances L. Kelly, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--7072

RIN: 1545-AW30
_______________________________________________________________________




2834. 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                     05/17/02                    67 FR 35064
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--126024--01
Drafting attorney: Nancy L. Rose (202) 622--4910
Reviewing attorney: James C. Gibbons (202) 622--4910
Treasury attorney: Michael Novey (202) 622--1339
CC:PA:APJP

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

RIN: 1545-AW72
_______________________________________________________________________




2835. QUALIFIED OFFERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--121928--98
Drafting attorney: Tami C. Belouin (202) 622--3847
Reviewing attorneys: Henry Schneiderman (202) 622--3400 and Susan T. 
Mosley (202) 622--7950
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:APJP

Agency Contact: Tami C. Belouin, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3847

RIN: 1545-AW99
_______________________________________________________________________




2836. 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                    12/00/03

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:PSI

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

[[Page 73454]]

_______________________________________________________________________




2837. GUIDANCE ON COST RECOVERY IN THE ENTERTAINMENT INDUSTRY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/02                    67 FR 38025
Final Action                    12/00/03

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: George Manousos (202) 622--0865
CC:PSI

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
_______________________________________________________________________




2838. 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                            07/17/03                    68 FR 42476
Final Action                    12/00/03

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
_______________________________________________________________________




2839. CASH OR DEFERRED ARRANGEMENTS (TEMPORARY)

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

________________________________________________________________________

Temporary Regulations           12/00/03

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
_______________________________________________________________________




2840. STOCK TRANSFER RULES--CARRYOVER OF EARNINGS AND TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance with respect to how 
earnings and profits and foreign income tax accounts carry over under 
section 381 and are allocated under section 312 in certain transactions 
described in section 367(b) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/15/00                    65 FR 69138
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--116050--99
Drafting attorney: Mark R. Pollard (202) 622--3850
Reviewing attorney: Anne Devereaux (202) 622--3850
Treasury attorney: Michael Caballero (202) 622--0851
CC:INTL

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

RIN: 1545-AX65
_______________________________________________________________________




2841. 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.

[[Page 73455]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/05/90                     55 FR 3750
Final Action                    12/00/03

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: Anne O. 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-AX72
_______________________________________________________________________




2842. HIPAA PORTABILITY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: These regulations provide guidance to group health plans 
regarding the limitations on imposing pre--existing condition 
exclusions and the special enrollment rules. These regulations also 
provide guidance regarding plans and benefits that are not subject to 
these rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/08/97                    62 FR 16977
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--119828--99
Drafting attorney: Russell Weinheimer (202) 622--6080
Reviewing attorney: Alan Tawshunsky (202) 622--6000
Treasury attorney: Kevin Knopf (202) 622--2329
CC:TEGE

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

RIN: 1545-AX84
_______________________________________________________________________




2843. APPLICATION OF SEPARATE FOREIGN TAX CREDIT LIMITATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 904; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This 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                    12/00/03

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, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3850

RIN: 1545-AX88
_______________________________________________________________________




2844. CAPITALIZATION OF INTEREST AND CARRYING CHARGES PROPERLY ALLOCABLE 
TO STRADDLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 263; 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will clarify the types of payments that may 
be ``interest'' or ``carrying charges'' subject to 26 U.S.C. 263(g), 
clarify the operation of the capitalization rules of 26 U.S.C. 263(g), 
and also clarify what constitutes ``positions'' and ``losses'' subject 
to 26 U.S.C. 1092.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/01                     66 FR 4746
Comment Period End              05/01/01
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--105801--00
Drafting attorney: Mary Brewer (202) 622--3950
Reviewing attorney: Christina Morrison (202) 622--3950
Treasury attorney: Mike Novey (202) 622--1339
CC:FIP

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

RIN: 1545-AX92
_______________________________________________________________________




2845. 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.

[[Page 73456]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/24/03                    68 FR 37434
Final Action                    12/00/03

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: Dianna Miosi (202) 622--3050
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

RIN: 1545-AX93
_______________________________________________________________________




2846. DEFINITION OF INCOME

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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG--106513--00
Drafting attorney: Bradford R. Poston (202) 622--3060
Reviewing attorney: J. Thomas Hines (202) 622--3060
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI

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
_______________________________________________________________________




2847. ELECTING MARK--TO--MARKET FOR MARKETABLE STOCK OF A PFIC

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1296

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/31/02                    67 FR 49634
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG--112306--00
Drafting attorney: Alexandra K. Helou (202) 622--3840
Reviewing attorney: Phyllis Marcus (202) 622--3840
Treasury attorney: Michael Caballero (202) 622--0851
CC:INTL

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

RIN: 1545-AY17
_______________________________________________________________________




2848. AUTHORIZED PLACEMENT AGENCY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 152

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation amends 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                    12/00/03

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:PA: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

RIN: 1545-AY18
_______________________________________________________________________




2849. 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

[[Page 73457]]

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/13/02                    67 FR 40629
Public Hearing                  10/08/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--107524--00
Drafting attorney: Joseph P. Dewald (202) 622--4910
Reviewing attorney: Donna Welch (202) 622--4910
Treasury attorney: Michael Novey (202) 622--1339
CC:PA:APJP

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

RIN: 1545-AY35
_______________________________________________________________________




2850. ELECTION--ASSET ACQUISITIONS OF INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 197; 26 USC 338; 26 USC 7805

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

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--118861--00
Drafting attorney: Mark Weiss (202) 622--7790
Reviewing attorney: Filiz Serbes (202) 622--7790
Treasury attorney: Audrey Nacamuli (202) 622--0869
CC:CORP

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

RIN: 1545-AY49
_______________________________________________________________________




2851. 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, 1098--T, and other payee 
statements.

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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: State

Additional Information: REG--107186--00
Drafting attorney: Michael E. Hara (202) 622--4910
Reviewing attorney: John McGreevy (202) 622--4910
Treasury attorney: John Parcell (202) 622--2578
CC:PA:APJP

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

RIN: 1545-AY50
_______________________________________________________________________




2852. 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                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG--209461--79
Drafting attorney: Shoshanna Tanner (202) 622--6080
Reviewing attorney: Janet A. Laufer (202) 622--6090
CC:TEGE

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

RIN: 1545-AY67
_______________________________________________________________________




2853. LOW--INCOME TAXPAYER CLINICS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will amend the regulations pertaining to the 
definition of income tax return preparer to exclude low--income 
taxpayer

[[Page 73458]]

clinics and their volunteers when operating as authorized by 26 U.S.C. 
7526.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/11/02                    67 FR 39915
Final Action                    12/00/03

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:PA: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--7800

RIN: 1545-AY84
_______________________________________________________________________




2854. 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                    12/00/03

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:PSI

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

RIN: 1545-AY87
_______________________________________________________________________




2855. DEFINITION OF AGENT AND SAFEGUARD CERTIFICATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/02                     67 FR 4938
NPRM Comment Period End         05/02/02
Final Action                    12/00/03

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--4570
Reviewing attorney: Donald M. Squires (202) 622--4570
Treasury attorney: Eric San Juan (202) 622--0224
CC:PA:DPL

Agency Contact: Helene R. Newsome, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--4570

RIN: 1545-AY94
_______________________________________________________________________




2856. TAX SHELTER PENALTIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6662; 26 USC 6664

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation relates 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                            12/31/02                    67 FR 79894
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--126016--01
Drafting attorneys: Jamie G. Bernstein (202) 622--7845
Reviewing attorney: Ashton P. Trice (202) 622--7711
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:APJP

Agency Contact: Jamie G. Bernstein, Attorney--Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622--7845

RIN: 1545-AY97
_______________________________________________________________________




2857. 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 regulations provide guidance on the treatment of costs 
incurred in connection with the creation of an intangible asset.

[[Page 73459]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/19/02                    67 FR 77701
Final Action                    12/00/03

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--5020
Reviewing attorney: Robert Casey (202) 622--4950
Treasury attorney: Jodi Cohen (202) 622--0160
CC:ITA

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--5020

RIN: 1545-BA00
_______________________________________________________________________




2858. MERGERS INVOLVING DISREGARDED ENTITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 368; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation 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                            11/15/01                    66 FR 57400
Second NPRM                     01/24/03                     68 FR 3477
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--126485--01
Drafting attorneys: Richard M. Heinecke (202) 622--7930
Reviewing attorney: Reginald Mombrum (202) 622--7930
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
RIN 1545--BA06 and its corresponding number REG--126485--01 was first 
opened with respect to a proposed regulation that was first published 
in the Federal Register on November 15, 2001. The November 15, 2001, 
proposed regulations were withdrawn by proposed regulations in the 
Federal Register on January 24, 2003. The January 24, 2003, proposed 
regulations with the same REG--126485--01, not only withdrew the 
November 15, 2001, proposed regulations but also served as a cross--
referencing proposed regulation to a temporary regulation published in 
the Federal Register on January 24, 2003, and a notice of proposed 
rulemaking.
The temporary regulations also use the REG--126485--01 number. The 
document published with respect to the temporary regulations also serve 
as final regulations. The final regulations use RIN 1545--BB46 and 
REG--162729--02. Once the temporary regulations were published, the 
final regulations (REG--162729--02; RIN 1545--BB46) were closed.

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

RIN: 1545-BA06
_______________________________________________________________________




2859. 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, Final.

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                            12/11/02                    67 FR 76123
Hearing                         04/09/03
Final Action                    12/00/03

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, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--6090

RIN: 1545-BA10
_______________________________________________________________________




2860. 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, and 3401 
clarify the application of the Federal Insurance Contributions Act 
(FICA), Federal Unemployment Tax Act (FUTA), and the Collection of 
Income

[[Page 73460]]

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 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 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 and 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                    12/00/03

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
_______________________________________________________________________




2861. AMENDMENT TO THE DEFINITION OF REFUNDING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will amend the definition of a refunding 
issue applicable to tax--exempt bonds issued by State and local 
governments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/02                    67 FR 17310
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG--165706--01
Drafting attorney: Michael P. Brewer (202) 622--3980
Reviewing attorney: Timothy L. Jones (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
_______________________________________________________________________




2862. 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 regulation provides 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. For related matters, see the proposed 
regulations published on March 12, 2002, at 67 FR 11070 regarding REG--
102740--02.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/02                    67 FR 38040
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--123305--02
Drafting attorney: Lola L. Johnson (202) 622--7530
Reviewing attorney: Sean P. Duffley (202) 622--7530
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--7530

RIN: 1545-BA52
_______________________________________________________________________




2863. NONCOMPENSATORY PARTNERSHIP OPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will describe the tax treatment of 
noncompensatory partnership options.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/03                     68 FR 2930
Public Hearing                  05/20/03
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG--103580--02
Drafting attorneys: Audrey W. Ellis and Demetri G. Yatrakis (202) 622--
3060
Reviewing attorneys: Matthew Lay (202) 622--3060
Treasury attorney: Deborah Harrington (202) 622--1788

[[Page 73461]]

CC:PSI

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

Demetri G. Yatrakis, Attorney--Advisor, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622--3060

RIN: 1545-BA53
_______________________________________________________________________




2864. 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 regulation relates to required minimum distributions 
from defined benefit plans and annuity contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/17/02                    67 FR 18834
Hearing                         09/04/02                    67 FR 56509
Final Action                    12/00/03

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

RIN: 1545-BA60
_______________________________________________________________________




2865. CARRYBACK OF CONSOLIDATED NET OPERATING LOSSES TO SEPARATE RETURN 
YEARS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will harmonize the waiver election in 
regulations section 1.1502--21(b)(3) with the amendments to IRC 172(b) 
with the Job Creation and Worker Assistance Act of 2002.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/02                    67 FR 38039
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--122564--02
Drafting and reviewing attorney: Marie C. Milnes--Vasquez (202) 622--
7530
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--7530

RIN: 1545-BA73
_______________________________________________________________________




2866. STATUTORY OPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 421

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules for the creation, and or 
maintenance, of a statutory stock option plan. It includes rules on 
adopting a plan, plan requirements, permissible provisions of a plan, 
and disqualification of a statutory option.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/09/03                    68 FR 34344
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--122917--02
Drafting attorney: Erinn M. Madden (202) 622--6030
Reviewing attorney: Robert Misner (202) 622--6030
Treasury attorney: Elizabeth Drigotas (202) 622--1332
CC:TEGE

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

RIN: 1545-BA75
_______________________________________________________________________




2867. DISCLOSURE OF RELATIVE VALUE OF DISTRIBUTION FORMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805(b); 26 USC 417(a)(3)(A)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will specify the disclosures that must be 
made to participants in qualified pension plans to describe the 
relative value of the available optional forms of benefit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/07/02                    67 FR 62417
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG--124667--02
Drafting attorney: Linda S.F. Marshall (202) 622--6090

[[Page 73462]]

Reviewing attorney: Marjorie Hoffman (202) 622--6090
Treasury attorney: Harlan Weller (202) 622--1001
CC:TEGE

Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--6090

RIN: 1545-BA78
_______________________________________________________________________




2868. PARTNERSHIP TRANSACTIONS INVOLVING LONG--TERM CONTRACTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 460

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Currently, regulations under section 460 divide the rules 
regarding a mid--contract change in taxpayers engaged in completing 
long--term contracts into two categories: constructive completion 
transactions and step--in--the--shoes transactions. The regulations 
provide that a transfer described in section 721(a) of a long--term 
contract to a partnership and a transfer of a partnership interest are 
step--in--the--shoes transactions. These regulations will explain the 
tax consequences of contributions of long--term contracts to, transfers 
of interests in, and distributions from, partnerships holding long--
term contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/06/03                    68 FR 46516
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--128203--02
Drafting attorney: Richard T. Probst (202) 622--3060
Reviewing attorney: Thomas Hines (202) 622--3060
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

RIN: 1545-BA81
_______________________________________________________________________




2869. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation relates to reporting requirements for widely 
held fixed investment trusts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/20/02                    67 FR 41892
NPRM Comment Period End         09/18/02
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--106871--00
Drafting attorney: Faith Colson (202) 622--3060
Reviewing attorney: J. Thomas Hines (202) 622--3060
Treasury attorney: Viva Hammer (202) 622--0869
CC:PSI

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-BA83
_______________________________________________________________________




2870. GUIDANCE ON REPORTING OF DEPOSIT INTEREST PAID TO NONRESIDENT 
ALIENS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 31

Legal Deadline: None

Abstract: This regulation will provide guidance on the reporting 
requirements for interest on deposits maintained at U.S. offices of 
certain financial institutions and paid to nonresident aliens that are 
residents of certain specified countries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/02/02                    67 FR 50386
Hearing                         12/05/02                    67 FR 50386
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--133254--02
Drafting attorney: Alexandra K. Helou (202) 622--3840
Reviewing attorney: Valerie Mark Lippe (202) 622--3840
Treasury attorney: Hilary Hoover (202) 622--1781
CC:INTL

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

RIN: 1545-BA86
_______________________________________________________________________




2871. AGGREGATE COMPUTATION AND 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 a controlled group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/29/03                    68 FR 44499
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

[[Page 73463]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--133791--01
Drafting attorney: Jolene J. Shiraishi (202) 622--3120
Reviewing attorney: Brenda M. Stewart (202) 622--3120
Treasury attorney: Sharon Kay (202) 622--0865
CC:PSI

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

RIN: 1545-BA88
_______________________________________________________________________




2872. REDUCED EXCLUSION OF GAIN FROM SALE OR EXCHANGE OF PRINCIPAL 
RESIDENCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 121; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance on when a taxpayer who has 
not owned and used the property for two years or who has claimed the 
exclusion within the last two years is eligible to claim a reduced 
exclusion under section 121(c).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/24/02                    67 FR 78398
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--138882--02
Drafting attorney: Sara P. Shepherd (202) 622--4960
Reviewing attorney: J. Charles Strickland (202) 622--4960
Treasury attorney: Eric San Juan (202) 622--0224
CC:ITA

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-BB01
_______________________________________________________________________




2873. CHANGE IN USE; ACCELERATED COST RECOVERY SYSTEM

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 168

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 168 regarding 
depreciation of property for which the use changes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/21/03                    68 FR 43047
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG--138499--02
Drafting attorney: Sara L. Logan (202) 622--3110
Reviewing attorney: Kathleen Reed (202) 622--3110
Treasury attorney: George Manousos (202) 622--1335
CC:PSI

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

RIN: 1545-BB05
_______________________________________________________________________




2874. CAPITAL ACCOUNT BOOKUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will expand the circumstances under which a 
revaluation of partnership capital accounts is permitted.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/02/03                    68 FR 39498
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--139796--02
Drafting attorney: Jason T. Smyczek (202) 622--3050
Reviewing attorney: David Haglund (202) 622--3050
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

RIN: 1545-BB10
_______________________________________________________________________




2875. STRUCTURED SETTLEMENT FACTORING TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 115

CFR Citation: 26 CFR 1; 26 CFR 602; 26 CFR 157

Legal Deadline: None

Abstract: These regulations relate to section 5891 of the Internal 
Revenue Code. Section 5891 imposes a 40 percent excise tax upon any 
person who acquires certain payment rights in a structured settlement 
factoring transaction. The regulations provide guidance necessary to 
comply with the reporting requirements of the excise tax.

[[Page 73464]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/19/03                     68 FR 7956
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--139768--02
Drafting attorney: Shareen S. Pflanz (202) 622--4920
Reviewing attorney: Charles Strickland (202) 622--4960
Treasury attorney: John Parcell (202) 622--2578
CC:ITA

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

RIN: 1545-BB14
_______________________________________________________________________




2876. TESTIMONY AUTHORIZATIONS AND REQUESTS FOR IRS INFORMATION

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 301

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will amend existing regulations on testimony 
authorizations and requests for IRS information.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/03                    68 FR 40850
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--140930--02
Drafting attorney: J. Suzanne Sones (202) 622--4590
Reviewing attorney: David L. Fish (202) 622--4590
CC:PA:DPL

Agency Contact: J. Suzanne Sones, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--4590

RIN: 1545-BB15
_______________________________________________________________________




2877. TOLL TELEPHONE SERVICE--DEFINITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 49

Legal Deadline: None

Abstract: This regulation provides amendments to regulations relating 
to the definition of toll telephone service.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/01/03                    68 FR 15690
Hearing                         09/10/03                    68 FR 35828
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--141097--02
Drafting attorney: Cynthia A. McGreevy (202) 622--3130
Reviewing attorneys: Frank Boland (202) 622--3130 and Phillip Howard 
(202) 622--3000
Treasury attorney: John Parcell (202) 622--2578
CC:PSI

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

RIN: 1545-BB18
_______________________________________________________________________




2878. AUTHORIZATION FOR IRS TO CHARGE FEES FOR COPYING EXEMPT 
ORGANIZATION RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6104

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulation provides authorization for Internal Revenue 
Service to charge fees for copying exempt organization returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/03                    68 FR 40849
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--142538--02
Drafting attorney: Sarah Tate (202) 622--4590
Reviewing attorney: Philip Lindenmuth (202) 622--4560
Treasury attorney: Eric San Juan (202) 622--0224
CC:PA:DPL

Agency Contact: Sarah Tate, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--4590

RIN: 1545-BB21
_______________________________________________________________________




2879. EXTENSION OF TIME FOR FILING RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6081

CFR Citation: 26 CFR 1; 26 CFR 25; 26 CFR 31; 26 CFR 53; 26 CFR 55; 26 
CFR 156; . . .

Legal Deadline: None

Abstract: This regulation will amend the section 6081 regulations to 
remove

[[Page 73465]]

the signature requirement for Form 8809, Request for Extension of Time 
to File Information Returns. This will enable filers of information 
returns to request an extension of time to file using an online version 
of the Form 8809.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/11/03                    68 FR 34875
Final Action                    02/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--107618--02
Drafting attorney: Charles A. Hall (202) 622--4940
Reviewing attorney: Judith Wall (202) 622--4940
Treasury attorney: John Parcell (202) 622--2578
CC:PA:APJP

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

RIN: 1545-BB29
_______________________________________________________________________




2880. INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS FROM 
SRLY YEARS--AMENDED

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will allow a group to revoke an election 
under regulations section 1.1502--32(b)(4), where such election has 
become unnecessary as a result of regulations section 1.1502--
20T(i)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/07/03                    68 FR 24404
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--152524--02
Drafting attorney: Jeffrey B. Fienberg (202) 622--7930
Reviewing attorney: Alison G. Burns (202) 622--7700
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP

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

RIN: 1545-BB38
_______________________________________________________________________




2881. AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT 
INFORMATION RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6724

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Amended regulations to provide an electronic alternative 
procedure as to when the filing of a correction is considered prompt 
for purposes of section 6724.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/03                    68 FR 40857
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--141669--02
Drafting attorney: Robert A. Desilets (202) 622--4910
Reviewing attorney: John J. McGreevy (202) 622--4910
Treasury attorney: Eric San Juan (202) 622--0224
CC:PA: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-BB41
_______________________________________________________________________




2882. LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF ACCOUNTING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 403

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Under section 448(d)(5), as amended by the Job Creation and 
Worker Assistance Act of 2002, the nonaccrual experience method of 
accounting is available only for amounts to be received for the 
performance of qualified services (i.e., services in the fields of 
health, law, engineering, architecture, accounting, actuarial science, 
performing arts, or consulting) or for services provided by certain 
small businesses (i.e., those with gross receipts of $5 million or 
less). The law provides that such taxpayers are not required to accrue, 
based on their experience, any portion of year--end receivables that 
will not be collected. Under the proposed regulations, taxpayers will 
be permitted to determine such amounts using alternative computations 
or formulas which, based on experience, accurately reflect the amount 
of income that will not be collected by such taxpayer. The proposed 
regulations will provide safe harbor methods (computations or formulas) 
of estimating such amounts that the taxpayers can rely on.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/04/03                    68 FR 52543
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG--141402--02
Drafting attorney: Terrance McWhorter (202) 622--4970

[[Page 73466]]

Reviewing attorney: Tom A. Luxner (202) 622--4970
CC:ITA
We issued interim guidance in the form of a Notice 2003--12, 2003--6 
published in the IRB 422 on January 22, 2003, with a request for 
comments.

Agency Contact: Terrance McWhorter, General Tax Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--4970

RIN: 1545-BB43
_______________________________________________________________________




2883. ADVANCE RENTALS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 61(a)(5)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will allow the IRS Commissioner to change the 
rules for accounting for advance rental income. This change is needed 
to accomplish an item on Treasury's Guidance Priority List involving 
advance payments. Because the modification only provides for the 
Commissioner's authority and does not directly change a substantive 
rule, the regulation should have no loss or risk.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/18/02                    67 FR 77450
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--151043--02
Drafting attorney: Edwin B. Cleverdon (202) 622--7900
Reviewing attorney: Kim Koch (202) 622--5020
CC:ITA

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

RIN: 1545-BB44
_______________________________________________________________________




2884. SPECIAL DEPRECIATION ALLOWANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under sections 168 and 
1400L(b) regarding special deprecations allowance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/08/03                    68 FR 53008
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--157164--02
Drafting attorney: Douglas Kim (202) 622--3110
Reviewing attorney: Kathleen Reed (202) 622--3110
Treasury attorney: George Manuso (202) 622--1335
CC:PSI

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

RIN: 1545-BB57
_______________________________________________________________________




2885. USE OF GOVERNMENT DEPOSITARIES IN CONNECTION WITH TAX UNDER THE 
FEDERAL UNEMPLOYMENT TAX ACT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 6302

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: The proposed regulations will raise the amount of accumulated 
Federal Unemployment Tax Act for taxes that a taxpayer may accumulate 
before being required to deposit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/17/03                    68 FR 42329
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG--144908--02
Drafting attorney: Heather L. Dostaler (202) 622--8445
Reviewing attorney: Brinton T. Warren (202) 622--7134
Treasury attorney: John Parcell (202) 622--2578
CC:PA:APJP

Agency Contact: Heather L. Dostaler, Attorney--Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--8445

RIN: 1545-BB66
_______________________________________________________________________




2886. AVAILABILITY OF SECTION 338(H)(10) ELECTION IN MULTISTEP 
TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 338; 26 USC 368

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation concerns whether a section 338(h)(10) 
election should suspend application of the step transaction doctrine.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/03                    68 FR 40848
Final Action                    12/00/03

[[Page 73467]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--143679--02
Drafting attorneys: Daniel F. Heins and Mary E. Goode (202) 622--7930
Reviewing attorney: Reginald Mombrun (202) 622--7930
CC:CORP

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

Mary E. Goode, Attorney--Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622--7930

RIN: 1545-BB68
_______________________________________________________________________




2887. REAL ESTATE MORTGAGE INVESTMENT CONDUITS (REMICS); APPLICATION OF 
SECTION 446 WITH RESPECT TO INDUCEMENT FEES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 446; 26 USC 860

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance on the proper timing of 
income from the receipt of fees to induce the purchase of noneconomic 
residual interests in Real Estate Mortgage Investment Conduits 
(REMICs). The regulations require that these REMIC inducement fees may 
no longer be taken into account currently upon receipt. Instead, the 
proposed regulations require that these inducement fees be taken into 
account over a period that is related to the period during which the 
applicable REMIC is expected to generate taxable income or net loss 
allocable to the holder of the noneconomic residual interest. The 
regulations also provide two safe harbor methods of accounting for 
these inducement fees. The regulations will be issued at 26 CFR section 
1.446--6, as applicable. (The notice of proposed rulemaking also 
includes a sourcing rule at 1.863--1(e).)

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/21/03                    68 FR 43055
Public Hearing                  11/18/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG--162625--02
Drafting attorney: John W. Rogers, III (202) 622--3950
Reviewing attorney: Santina M. Jannotta (202) 622--3930
CC:FIP

Agency Contact: John W. Rogers, III, Attorney--Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3950

RIN: 1545-BB73
_______________________________________________________________________




2888. GUIDANCE ON LIFE INSURANCE AND ANNUITY CONTRACTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 817

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation modifies the existing section under 26 U.S.C. 
817(h) relating to guidance on life insurance and annuity contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/30/03                    68 FR 44689
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--163974--02
Drafting attorney: James Polfer (202) 622--3970
Reviewing attorney: Donald Drees, Jr. (202) 622--3970
CC:FIP

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

RIN: 1545-BB77
_______________________________________________________________________




2889. ASSUMPTION OF PARTNERSHIP LIABILITIES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations enact section 358(b) for 
partnerships for the period between October 18, 1999, and the 
publication of the companion proposed regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--106736--00
Drafting attorney: Horace W. Howells (202) 622--3050
Reviewing attorney: Dianna Miosi (202) 622--3050
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

RIN: 1545-BB83
_______________________________________________________________________




2890. DISTRIBUTIONS OF LOSS CORPORATION STOCK BY QUALIFIED PLANS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

[[Page 73468]]

Legal Authority: 26 USC 382(m)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Under current regulations, distributions of loss corporation 
stock from a qualified trust to its beneficiaries can cause an 
ownership change, triggering the limitation on losses of section 382 of 
the Internal Revenue Code. This regulation would reduce the negative 
impact of many such distributions by providing a ``talking rule'' that 
would treat distributed stock as having been acquired by the 
beneficiary in the time and manner acquired by the trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/03                    68 FR 38247
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--108676--03
Drafting attorney: Martin T. Huck (202) 622--7750
Reviewing attorney: Mark Jennings (202) 622--7750
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP

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

RIN: 1545-BC00
_______________________________________________________________________




2891. TRANSFERS OF NONSTATUTORY STOCK OPTIONS TO RELATED PERSONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 83

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules for determining when the 
transfer of a nonstatutory stock option will be considered an arm's 
length transaction for purposes of section 1.83--7(a).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/02/03                    68 FR 39498
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--116914--03
Drafting attorney: Stephen B. Tackney (202) 622--6040
Reviewing attorney: Robert Misner (202) 622--6030
Treasury attorney: William 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-BC06
_______________________________________________________________________




2892. [bull] NOTARIZATION REQUIREMENT FOR STATEMENTS OF PURCHASE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1042(a)(1); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations would modify the requirement that statements 
of purchase of qualified replacement property be notarized within 30 
days of purchase.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/10/03                    68 FR 41087
Comment Period End              10/08/03
Final Action                    02/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--121122--03
Drafting attorney: John T. Ricotta (202) 622--6060
Reviewing attorney: Robert Patchell (202) 622--6060
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-BC11
_______________________________________________________________________




2893. [bull] CONTINGENT AT CLOSING ESCROWS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulations will provide rules for taxing the income of a 
contingent at closing escrow. A contingent at closing escrow is, 
generally, established in connection with the sale or exchange of real 
or personal property to hold assets that will be distributable to the 
purchaser or seller based on the post--closing resolution of bona fide 
contingencies. The rules will require the purchaser or seller to take 
into account all items of income and deduction for Federal income tax 
purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/99                     64 FR 4801
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--103422--03
Reviewing attorney: A. Katharine Kiss (202) 622--7812
Drafting attorney: Jeff Mitchell (202) 622--7934

[[Page 73469]]

Treasury attorney: Deborah Harrington (202) 622--1788
CC:ITA

Agency Contact: A. Katharine Kiss, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--7812

RIN: 1545-BC16
_______________________________________________________________________




2894. [bull] CHANGES IN COMPUTING DEPRECIATION (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulation provides guidance under section 
446(b) regarding changes in computing depreciation or amortization.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--126459--03
Drafting attorney: Sara L. Logan (202) 622--3110
Reviewing attorney: Kathleen Reed (202) 622--3110
Treasury attorney: George Manousos (202) 622--1335
CC:PSI

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

RIN: 1545-BC17
_______________________________________________________________________




2895. [bull] LIKE--KIND EXCHANGES UNDER SECTION 168 (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 168

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This temporary regulation relates to the depreciation of 
properly subject to section 168 of the Internal Revenue Code (MACRS 
property). Specifically, these temporary regulations provide guidance 
on how to depreciate MACRS properly acquired in a like--kind exchange 
under section 1031 or as a result of an involuntary conversion under 
section 1033, where both the acquired and relinquished properly are 
subject to MACRS.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG--106590--00
Drafting attorney: Charles Magee (202) 622--3110
Reviewing attorney: Charles Ramsey (202) 622--3110
Treasury attorney: George Manousos (202) 622--1335
CC:PSI

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

RIN: 1545-BC27
_______________________________________________________________________




2896. [bull] PRESERVATION OF STOCK BASIS

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

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the determination of stock basis 
in the case of a group structure change that occurs by reason of 
certain transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/08/03                    68 FR 40579
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--130262--03
Drafting attorney: Ross E. Poulsen (202) 622--7770
Reviewing attorney: Marlene Oppenheim (202) 622--7770
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP

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

RIN: 1545-BC28
_______________________________________________________________________




2897. [bull] ELIMINATION OF FORMS OF DISTRIBUTION IN DEFINED 
CONTRIBUTION PLANS

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

Legal Authority: 26 USC 411(d)(b)(E)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will amend the section 411(d)(b) 
regulations to conform to the amendments made by EGTRRA, in accordance 
with section 411(d)(b)(E), relating to the elimination of forms of 
distribution in defined contribution plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/08/03                    68 FR 40581
Final Action                    06/00/04

[[Page 73470]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--112039--03
Drafting attorney: Vernon S. Carter (202) 622--6060
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--6060

RIN: 1545-BC35
_______________________________________________________________________




2898. [bull] DEPRECIATION OF VANS AND LIGHT TRUCKS

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance defining a specific 
class of vans and light trucks as exempt from the depreciation 
limitations imposed on passenger automobiles under section 280F.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/07/03                    68 FR 40224
Final Action                    06/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--138495--02
Drafting attorney: Bernard Harvey, III (202) 622--3110
Reviewing attorney: Charles Ramsey (202) 622--3110
Treasury attorney: John Parcell (202) 622--2578
CC:PSI

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-BC36
_______________________________________________________________________




2899. [bull] GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO 
MEMBERS OF A CONSOLIDATED GROUP

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

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations under section 1502 of the Internal Revenue 
Code provide guidance concerning the application of certain provisions 
of section 108 to members of a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/04/03                    68 FR 52542
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--132760--03
Drafting attorney: Amber R. Cook (202) 622--7530
Reviewing attorney: Marie Milnes--Vasquez (202) 622--7530
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-BC38
_______________________________________________________________________




2900. [bull] REMEDIAL ACTIONS FOR TAX EXEMPT BONDS

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

Legal Authority: 26 USC 141; 26 USC 142

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations amend final regulations under 
section 1.141--12 and 1.141--2 that provide certain permitting remedial 
actions for tax exempt bonds issued by State and local governments and 
make related amendments to section 1.141--15 and 1.141--16. This 
regulation revises the definition of the amount of nonqualified bonds 
under section 141--12 and amends the provision of section 1.141--12 and 
1.141--2 relating to allocations of nonqualified bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/21/03                    68 FR 43059
Final Action                    12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--132483--03
Drafting attorney: Gary W. Bornholdt (202) 622--7870
Reviewing attorney: Bruce Serchuk (202) 622--1766
CC:TEGE

Agency Contact: Gary W. Bornholdt, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--7870

RIN: 1545-BC40

[[Page 73471]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2901. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF 
REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE

Priority: Substantive, Nonsignificant

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/23/88                    53 FR 23659


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622--3850

RIN: 1545-AC09
_______________________________________________________________________




2902. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT 
INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/86                     51 FR 2726


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: W. Edward Williams
Phone: 202 622--3880

RIN: 1545-AC10
_______________________________________________________________________




2903. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED, 
DEDUCTION, AND OTHER SPECIAL RULES FOR FSC

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/03/87                     52 FR 6467
NPRM Comment Period End         05/02/87


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Douglas L. Giblen
Phone: 202 435--5265

RIN: 1545-AI16
_______________________________________________________________________




2904. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/24/92                    57 FR 61373


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Amanda A. Ehrlich
Phone: 202 622--3880

RIN: 1545-AJ93
_______________________________________________________________________




2905. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/88                    53 FR 24100
NPRM Comment Period End         08/26/88


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AL93
_______________________________________________________________________




2906. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Richard L. Chewning
Phone: 202 622--3850

RIN: 1545-AM11
_______________________________________________________________________




2907. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/90                     55 FR 2535


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622--3850

RIN: 1545-AM90
_______________________________________________________________________




2908. CARIBBEAN BASIN INVESTMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/13/91                    56 FR 21963
Hearing                         07/12/91                    56 FR 21963


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: W. Edward Williams
Phone: 202 622--3880

RIN: 1545-AM91
_______________________________________________________________________




2909. CONSOLIDATED ALTERNATIVE MINIMUM TAX

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Martin Scully
Phone: 202 622--8066

RIN: 1545-AN73

[[Page 73472]]

_______________________________________________________________________




2910. CONFORMING TAXABLE YEARS OF CFCS AND FPHCS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/05/93                      58 FR 290


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AO22
_______________________________________________________________________




2911. 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

Government Levels Affected: None

Agency Contact: Teresa B. Hughes
Phone: 202 622--3850

RIN: 1545-AP30
_______________________________________________________________________




2912. GUIDANCE IN NOTICE 89--37, WHICH TREATS THE RECEIPT OF A CORPORATE 
PARTNER'S STOCK BY THE CORPORATE PARTNER AS A CIRCUMVENTION OF GENERAL 
UTILITIES REPEAL

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622--3080

RIN: 1545-AP52
_______________________________________________________________________




2913. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/92                    57 FR 29246


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622--3850

RIN: 1545-AQ55
_______________________________________________________________________




2914. THE TREATMENT OF ACCELERATED DEATH BENEFITS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/15/92                    57 FR 59319
NPRM Comment Period End         02/26/93
Hearing                         03/19/93


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AQ70
_______________________________________________________________________




2915. FOREIGN TRUSTS REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Karen Rennie Quarrie
Phone: 202 622--3880

RIN: 1545-AR25
_______________________________________________________________________




2916. TREATMENT OF DUAL CONSOLIDATED LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Kenneth D. Allison
Phone: 202 622--3860

RIN: 1545-AR26
_______________________________________________________________________




2917. ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND EMPLOYEE 
CONTRIBUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/95                    60 FR 66532
NPRM Comment Period End         03/21/96


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cathy A. Vohs
Phone: 202 622--6090

RIN: 1545-AT82
_______________________________________________________________________




2918. FOREIGN CORPORATIONS REGULATIONS

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

Government Levels Affected: None

Agency Contact: Kenneth P. Christman
Phone: 202 622--3870

RIN: 1545-AT96
_______________________________________________________________________




2919. 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

[[Page 73473]]

NPRM Comment Period End         12/26/96
Hearing                         01/15/97


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Linda S.F. Marshall
Phone: 202 622--6090

James A. Quinn
Phone: 202 622--3070

RIN: 1545-AU29
_______________________________________________________________________




2920. 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

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: W. Edward Williams
Phone: 202 622--3880

RIN: 1545-AU91
_______________________________________________________________________




2921. FINANCIAL ASSET SECURITIZATION INVESTMENT TRUST (FASIT) START--UP; 
OPERATIONAL AND TRANSITIONAL RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Alexa Temple Dubert
Phone: 202 622--3071

RIN: 1545-AU94
_______________________________________________________________________




2922. AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68241
Second NPRM                     12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Frederick W. Schindler
Phone: 202 622--3620

RIN: 1545-AU97
_______________________________________________________________________




2923. SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS OF CONGRESS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 5

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Edwin B. Cleverdon
Phone: 202 622--7900

RIN: 1545-AV55
_______________________________________________________________________




2924. STOCKS AND SECURITIES SAFE HARBOR EXCEPTION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

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                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kenneth P. Christman
Phone: 202 622--3870

RIN: 1545-AW13
_______________________________________________________________________




2925. CONTINGENT DEBT INSTRUMENT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/29/03                    68 FR 51944
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AW33
_______________________________________________________________________




2926. 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

Government Levels Affected: None

Agency Contact: Edward R. Barret
Phone: 202 435--5265

RIN: 1545-AW50
_______________________________________________________________________




2927. HIGHWAY VEHICLE--DEFINITION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 48

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/06/02                    67 FR 38913
Public Hearing                  02/27/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Theodore N. Margopulos
Phone: 202 622--3130

RIN: 1545-AX10

[[Page 73474]]

_______________________________________________________________________




2928. GUARANTEED INVESTMENT CONTRACTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/27/99                    64 FR 46876
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Local, State

Agency Contact: Rose M. Weber
Phone: 202 622--3980

RIN: 1545-AX22
_______________________________________________________________________




2929. INSPECTION OF WRITTEN DETERMINATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Lambert--Dean
Phone: 202 622--4570
Fax: 202 622--9888

RIN: 1545-AX40
_______________________________________________________________________




2930. 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

Government Levels Affected: None

Agency Contact: Alexandra K. Helou
Phone: 202 622--3840

RIN: 1545-AX78
_______________________________________________________________________




2931. 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

Government Levels Affected: Undetermined

Agency Contact: Sheila Ramaswamy
Phone: 202 622--3870

RIN: 1545-AY20
_______________________________________________________________________




2932. HIPAA GENERAL NONDISCRIMINATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 54

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1435
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622--6080

RIN: 1545-AY32
_______________________________________________________________________




2933. HIPAA NONDISCRIMINATION EXCEPTION FOR CHURCH PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/01                     66 FR 1437
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622--6080

RIN: 1545-AY33
_______________________________________________________________________




2934. HIPAA NONDISCRIMINATION EXCEPTION FOR BONA FIDE WELLNESS PROGRAMS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1421
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622--6080

RIN: 1545-AY34
_______________________________________________________________________




2935. SPECIAL RULES RELATING TO TRANSFERS OF INTANGIBLES TO FOREIGN 
CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Thomas D. Beem
Phone: 202 622--3860

RIN: 1545-AY41
_______________________________________________________________________




2936. RECOGNITION OF GAIN ON CERTAIN DISTRIBUTIONS OF STOCK OR 
SECURITIES IN CONNECTION WITH AN ACQUISITION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/26/02                    67 FR 20711
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Amber R. Cook
Phone: 202 622--7530

RIN: 1545-AY42
_______________________________________________________________________




2937. SPECIAL RULES FOR S CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 601

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/27/92                    57 FR 15272

[[Page 73475]]

NPRM Comment Period End         06/26/92


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AY44
_______________________________________________________________________




2938. NORMAL RETIREMENT AGE FOR PENSION PLANS

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: Undetermined

Government Levels Affected: None

Agency Contact: Janet A. Laufer
Phone: 202 622--6090

RIN: 1545-AY61
_______________________________________________________________________




2939. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/06/03                    68 FR 23931
NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Douglas C. Bates
Phone: 202 622--7550

RIN: 1545-AY74
_______________________________________________________________________




2940. NORMALIZATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/04/03                    68 FR 10190
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

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

RIN: 1545-AY75
_______________________________________________________________________




2941. RESEARCH CREDIT III

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/26/01                    66 FR 66362
Hearing                         03/27/02
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Agency Contact: Nicole R. Cimino
Phone: 202 622--3120

RIN: 1545-AY82
_______________________________________________________________________




2942. TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES

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

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Ethan A. Atticks
Phone: 202 622--3840

RIN: 1545-AY92
_______________________________________________________________________




2943. CONSOLIDATED RETURNS; NONAPPLICABILITY OF SECTION 357(C)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/14/01                    66 FR 57021
Public Hearing                  03/21/02
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Thomas I. Russell
Phone: 202 622--7550

RIN: 1545-BA09
_______________________________________________________________________




2944. PROCUREMENT/PURCHASING CARD REPORTING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/31/03                     68 FR 4970
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Agency Contact: Donna J. Welch
Phone: 202 622--4910

RIN: 1545-BA17
_______________________________________________________________________




2945. INTEREST OTHER THAN THAT OF A CREDITOR

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/08/03                    68 FR 40583
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Agency Contact: Tara P. Volungis
Phone: 202 622--3080

RIN: 1545-BA69
_______________________________________________________________________




2946. REDEMPTIONS TREATED AS DIVIDENDS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/18/02                    67 FR 64331
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa K. Leong
Phone: 202 622--7530

RIN: 1545-BA80

[[Page 73476]]

_______________________________________________________________________




2947. CARRYOVER AND STACKING RULE AMENDMENT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/07/03                    68 FR 40218
Hearing                         09/23/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Agency Contact: Christopher J. Wilson
Phone: 202 622--3040

Lauren R. Taylor
Phone: 202 622--3040

RIN: 1545-BA85
_______________________________________________________________________




2948. DESIGNATED IRS OFFICER OR EMPLOYEE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/10/02                    67 FR 57354
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth D. Rawlins
Phone: 202 622--3600

RIN: 1545-BA89
_______________________________________________________________________




2949. TAX BOOK VALUE DISPARITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622--3850

RIN: 1545-BA92
_______________________________________________________________________




2950. EARNINGS AND PROFITS ATTRIBUTION PRINCIPLES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Mark R. Pollard
Phone: 202 622--3850

RIN: 1545-BA93
_______________________________________________________________________




2951. COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 49

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Agency Contact: Cynthia A. McGreevy
Phone: 202 622--3130

RIN: 1545-BB04
_______________________________________________________________________




2952. INVESTIGATIVE DISCLOSURES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/10/03                    68 FR 41089
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Helene R. Newsome
Phone: 202 622--4570

RIN: 1545-BB16
_______________________________________________________________________




2953. MIXED USE OUTPUT FACILITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/23/02                    67 FR 59767


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Local, State

Federalism:  Undetermined

Agency Contact: Rose M. Weber
Phone: 202 622--3980

RIN: 1545-BB23
_______________________________________________________________________




2954. DUPLICATIVE TAX BENEFITS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/14/03                    68 FR 12324
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Aimee K. Meacham
Phone: 202 622--7530

RIN: 1545-BB25
_______________________________________________________________________




2955. ACCRUAL RULES FOR CREDITABLE FOREIGN TAXES AND GUIDANCE ON CHANGE 
IN TAXABLE YEAR

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622--3850

RIN: 1545-BB27
_______________________________________________________________________




2956. TREATMENT OF SERVICES UNDER SECTION 482

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Douglas L. Giblen
Phone: 202 435--5265

RIN: 1545-BB31
_______________________________________________________________________




2957. PREPARER PENALTIES--SIGNATURE REQUIREMENT AND COPIES OF RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/24/03                    68 FR 20089
Final Action                    12/00/04

[[Page 73477]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Richard C. Grosenick
Phone: 202 622--5510

RIN: 1545-BB34
_______________________________________________________________________




2958. SAFE HARBOR LEASING SECOND INTEREST CAPITALIZATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Grant D. Anderson
Phone: 202 622--4970

RIN: 1545-BB62
_______________________________________________________________________




2959. SAFE HARBOR LEASING SECOND INTEREST CAPITALIZATION (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Grant D. Anderson
Phone: 202 622--4970

RIN: 1545-BB63
_______________________________________________________________________




2960. USE OF GOVERNMENT DEPOSITARIES IN CONNECTION WITH TAX UNDER THE 
FEDERAL UNEMPLOYMENT TAX ACT (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Heather L. Dostaler
Phone: 202 622--8445

RIN: 1545-BB67
_______________________________________________________________________




2961. STATUTORY OPTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Erinn M. Madden
Phone: 202 622--6030

RIN: 1545-BB69
_______________________________________________________________________




2962. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF 
LIEN

Priority: Routine and Frequent

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-BB96
_______________________________________________________________________




2963. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO HEARINGS BEFORE LEVY

Priority: Routine and Frequent

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-BB97
_______________________________________________________________________




2964. COMPUTATION OF TAX ATTRIBUTES

Priority: Routine and Frequent

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/18/03                    68 FR 42652
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Theresa M. Kolish
Phone: 202 622--7930

RIN: 1545-BB98
_______________________________________________________________________




2965. [bull] PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION

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

Legal Authority: 26 USC 7805; 26 USC 409(p)(7)(A)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance for employee stock 
ownership plans holding stock of a subchapter S corporation concerning 
the prohibition against allocations to disqualified persons under 
section 409(p).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/21/03                    68 FR 43058
Comment Period End              10/20/03
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--129709--03
Drafting attorney: John T. Ricotta (202) 622--6060
Reviewing attorney: Marjorie Hoffman (202) 622--6060
CC:TEGE

Agency Contact: John T. Ricotta, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 73478]]

Phone: 202 622--6060

RIN: 1545-BC34
_______________________________________________________________________




2966. [bull] GUIDANCE ON PFIC PURGING ELECTIONS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will provide guidance to 
taxpayers, who in limited circumstances, continue to be subject to the 
PFIC excess distribution regime of section 1291 although the foreign 
corporation in which they own stock is no longer treated as a PFIC 
under section 1298 or section 1297(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--133446--03
Drafting attorney: Alexandra K. Helou (202) 622--3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622--3840
Treasury attorney: Michael Caballero (202) 622--0851
CC:INTL

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

RIN: 1545-BC37
_______________________________________________________________________




2967. [bull] GUIDANCE ON PFIC PURGING ELECTIONS (TEMPORARY)

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations will provide guidance to 
taxpayers on making timely deemed sale and deemed dividend elections 
under sections 1291 and 1298.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--133446--03
Drafting attorney: Alexandra K. Helou (202) 622--3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622--3840
Treasury attorney: Michael Caballero (202) 622--0857
CC:INTL

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

RIN: 1545-BC49
_______________________________________________________________________




2968. [bull] COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS 
INCOME TAXES

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The regulations for section 7654 (1954 Code) will revise 
existing regulations for clarification and the regulations for section 
7654 (1986 Code) will be new. Internal Revenue Code (IRC) section 7654 
contains the provisions for cover--over to the U.S. Possessions. Old 
section 7654 (1954 Code) continues to be applicable to Guam and the 
Commonwealth of the Northern Mariana Islands (CNMI) because these two 
possessions do not have an effective implementing agreement with the 
United States as required by the Tax Reform Act of 1986. Regulations 
are necessary for consistent and correct application of section 7654. 
For example, cover--over for (Armed Forces) residents of the 
possessions stationed outside the possessions are not specifically 
addressed in the 1954 Code, and neither is cover--over for Federal 
employees residing in U.S. Possessions. Regulations are needed to 
carryout the provisions of section 7654 and sections 931, 932, and 935.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--139900--03
Drafting attorney: Mae J. Lew (202) 435--5262
Reviewing attorney: Ricardo A. Cadenas (202) 435--5262
CC:INTL

Agency Contact: Mae J. Lew, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435--5262

RIN: 1545-BC54

[[Page 73479]]

_______________________________________________________________________




2969. [bull] SUSPENSION OF RUNNING OF PERIOD OF LIMITATION DURING A 
PROCEEDING TO ENFORCE OR QUASH A DESIGNATED OR RELATED SUMMONS

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

Legal Authority: 25 USC 6503

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: These regulations relate to the use of designated and related 
summonses and the effect on the period of limitations on assessment 
when a case is brought with respect to a designated or related summons.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/31/03                    68 FR 44905
Final Action                    12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--208199--91
Drafting attorney: Elizabeth D. Rawling (202) 622--3600
Reviewing attorney: Robert A. Miller (202) 622--3600
CC:PA:CBS

Agency Contact: Elizabeth D. Rawlins, Attorney--Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3600

RIN: 1545-BC55
_______________________________________________________________________




2970. [bull] GUIDANCE UNDER SECTION 2053 REGARDING POST--DEATH EVENTS

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 20

Legal Deadline: None

Abstract: These regulations relate to the amount deductible under 
section 2053(a)(3) of the Internal Revenue Code. The regulations will 
affect estates of decedents where claims exist against the decedent's 
estate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG--143316--03
Drafting attorney: DeAnn K. Malone (202) 622--3112
Reviewing attorney: Melissa Liquerman (202) 622--7830
Treasury attorney: Cathy Hughes (202) 622--9407
CC:PSI

Agency Contact: DeAnn K. Malone, Attorney--Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--3112

RIN: 1545-BC56
_______________________________________________________________________




2971. [bull] SECTION 1045 APPLICATION TO PARTNERSHIPS

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on how the capital 
gains rollover provision of section 1045 applies to partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--150562--03
Drafting attorney: Charlotte Chyr (202) 622--3070
Reviewing attorneys: Jian Grant (202) 622--3050 and James Quinn (202) 
622--3070
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI

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

RIN: 1545-BC67
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2972. GOLDEN PARACHUTE PAYMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9083                            08/04/03                    68 FR 45745

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Erinn M. Madden

[[Page 73480]]

Phone: 202 622--6030

RIN: 1545-AH49
_______________________________________________________________________




2973. RAILROAD UNEMPLOYMENT REPAYMENT TAX

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       11/07/02                    67 FR 67802

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kyle A. Finizio
Phone: 202 622--6040

RIN: 1545-AN40
_______________________________________________________________________




2974. TREATMENT OF OBLIGATION--SHIFTING TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       11/10/03                    68 FR 63744

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Christina A. Morrison
Phone: 202 622--3950

RIN: 1545-AU19
_______________________________________________________________________




2975. GUIDANCE UNDER SUBPART F RELATING TO CERTAIN HYBRID TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       07/13/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AW63
_______________________________________________________________________




2976. ALLOCATION OF RESEARCH CREDIT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       07/29/03                    68 FR 44499

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jolene J. Shiraishi
Phone: 202 622--3120

RIN: 1545-AX05
_______________________________________________________________________




2977. STRADDLES--ONE SIDE LARGER THAN THE OTHER

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/04/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charles W. Culmer
Phone: 202 622--3960

RIN: 1545-AX16
_______________________________________________________________________




2978. ALLOCATING BASIS ADJUSTMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9059                            06/09/03                    68 FR 34293

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jason T. Smyczek
Phone: 202 622--3050

RIN: 1545-AX18
_______________________________________________________________________




2979. SPECIAL RULES FOR RETROACTIVE PAYMENTS UNDER SECTION 417(A)(7)(A) 
FOR QUALIFIED RETIREMENT PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9076                            07/16/03                    68 FR 41906

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Agency Contact: Robert M. Walsh
Phone: 202 622--6090

RIN: 1545-AX34
_______________________________________________________________________




2980. CHANGES IN ENTITY CLASSIFICATION: SPECIAL RULE FOR CERTAIN FOREIGN 
ELIGIBLE ENTITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9093                            10/22/03                    68 FR 60296

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ronald M. Gootzeit
Phone: 202 622--3860

RIN: 1545-AX39
_______________________________________________________________________




2981. COMPENSATION DEFERRED UNDER ELIGIBLE SECTION 457(B) PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9075                            07/11/03                    68 FR 41230

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Local, State

Agency Contact: Cheryl E. Press
Phone: 202 622--6060
Fax: 202 622--4631

RIN: 1545-AX52
_______________________________________________________________________




2982. DEFINITION OF ``PRIVATE ACTIVITY BONDS'' ALLOCATION AND ACCOUNTING 
REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/04/03

Regulatory Flexibility Analysis Required: No

[[Page 73481]]

Government Levels Affected: None

Agency Contact: Gary W. Bornholdt
Phone: 202 622--7870

RIN: 1545-AX55
_______________________________________________________________________




2983. DISCLOSURE OF RETURN AND RETURN INFORMATION TO DESIGNEE OF 
TAXPAYER

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9054                            04/29/03                    68 FR 22598

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joseph E. Conley
Phone: 202 622--4580

RIN: 1545-AX85
_______________________________________________________________________




2984. INVESTMENT TYPE PROPERTY (PREPAYMENT)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9085                            08/04/03                    68 FR 45772

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State, Local

Agency Contact: Johanna L. Som de Cerff
Phone: 202 622--3980

RIN: 1545-AY12
_______________________________________________________________________




2985. USE OF TAXPAYER IDENTIFYING NUMBERS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9082                            08/05/03                    68 FR 46081

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert W. Lorence
Phone: 202 622--3860

RIN: 1545-AY24
_______________________________________________________________________




2986. DUAL CONSOLIDATED LOSS RECAPTURE EVENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9084                            07/30/03                    68 FR 44616

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kathryn T. Holman
Phone: 202 622--3860

Kenneth D. Allison
Phone: 202 622--3860

RIN: 1545-AY27
_______________________________________________________________________




2987. MODIFIED GUARANTEED CONTRACTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9058                            05/07/03                    68 FR 24349

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-AY48
_______________________________________________________________________




2988. QUALIFIED S ELECTION FOR TESTAMENTARY TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9078                            07/17/03                    68 FR 42251

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deane M. Burke
Phone: 202 622--3130

RIN: 1545-AY76
_______________________________________________________________________




2989. TREATMENT OF COMMUNITY INCOME FOR CERTAIN INDIVIDUALS NOT FILING 
JOINT RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9074                            07/10/03                    68 FR 41067

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robin M. Tuczak
Phone: 202 622--4940

RIN: 1545-AY83
_______________________________________________________________________




2990. CHARITABLE LEAD INTEREST

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9068                            07/07/03                    68 FR 40130

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Susan B. Hurwitz
Phone: 202 622--3090

RIN: 1545-AY86
_______________________________________________________________________




2991. NET GIFT TREATMENT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9077                            07/18/03                    68 FR 42593

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: DeAnn K. Malone
Phone: 202 622--3112

RIN: 1545-AY91
_______________________________________________________________________




2992. RECEIPT OF MULTIPLE NOTICES WITH RESPECT TO INCORRECT TAXPAYER 
IDENTIFICATION NUMBERS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

[[Page 73482]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9055                            04/29/03                    68 FR 22594

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Nancy L. Rose
Phone: 202 622--4910

RIN: 1545-BA18
_______________________________________________________________________




2993. CATCH--UP CONTRIBUTIONS FOR INDIVIDUALS AGED 50 OR OVER

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9072                            07/08/03                    68 FR 40510

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John T. Ricotta
Phone: 202 622--6060

RIN: 1545-BA24
_______________________________________________________________________




2994. AMENDMENTS TO RULES FOR ALLOCATION OF BASIS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/10/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jason T. Smyczek
Phone: 202 622--3050

RIN: 1545-BA32
_______________________________________________________________________




2995. EARNED INCOME CREDIT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9045                            03/06/03                    68 FR 10655

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Shoshanna Tanner
Phone: 202 622--6080

RIN: 1545-BA34
_______________________________________________________________________




2996. SPLIT--DOLLAR LIFE INSURANCE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Second NPRM                     05/09/03                    68 FR 24898
Final Action Completed by TD 
9092                            09/17/03                    68 FR 54336

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Rebecca E. Asta
Phone: 202 622--3930

RIN: 1545-BA44
_______________________________________________________________________




2997. TREATMENT OF FUNDED WELFARE BENEFIT PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9079                            07/17/03                    68 FR 42254

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Betty J. Clary
Phone: 202 622--6080

RIN: 1545-BA47
_______________________________________________________________________




2998. USER FEES FOR OFFERS TO COMPROMISE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9086                            08/15/03                    68 FR 48785

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gene W. Beard
Phone: 202 622--3620

RIN: 1545-BA54
_______________________________________________________________________




2999. COMPENSATORY STOCK OPTIONS UNDER SECTION 482

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

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9088                            08/26/03                    68 FR 51171

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Douglas L. Giblen
Phone: 202 435--5265

RIN: 1545-BA57
_______________________________________________________________________




3000. CONTROLLED FOREIGN PARTNERSHIP REPORTING

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

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9065                            07/01/03                    68 FR 39012

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tasheaya Warren Ellison
Phone: 202 622--3860

RIN: 1545-BA77
_______________________________________________________________________




3001. FOREIGN CORPORATIONS--TREATMENT OF DISTRIBUTIONS OR LIQUIDATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9066                            07/02/03                    68 FR 39452

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-BA79

[[Page 73483]]

_______________________________________________________________________




3002. EARNINGS CALCULATION FOR RETURNED OR RECHARACTERIZED CONTRIBUTIONS

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

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9056                            05/05/03                    68 FR 23586

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cathy A. Vohs
Phone: 202 622--6090

RIN: 1545-BA82
_______________________________________________________________________




3003. TRANSFER OF NOTES OR STOCK TO PROVIDE FOR SATISFACTION OF 
CONTESTED LIABILITIES (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9095                            11/21/03                    68 FR 65634

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Norma C. Rotunno
Phone: 202 622--7900

RIN: 1545-BA91
_______________________________________________________________________




3004. GENERATION--SKIPPING TRANSFER TAX RELIEF PROVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       04/30/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lian A. Mito
Phone: 202 622--7830

RIN: 1545-BA94
_______________________________________________________________________




3005. EMPLOYMENT TAXES--FAILURE--TO--DEPOSIT PENALTY

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/17/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charles A. Hall
Phone: 202 622--4940

RIN: 1545-BA97
_______________________________________________________________________




3006. DEPRECIATION OF VANS AND LIGHT TRUCKS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9069                            07/07/03                    68 FR 40129

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-BB06
_______________________________________________________________________




3007. DISCLOSURE OF REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/19/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622--3080

RIN: 1545-BB07
_______________________________________________________________________




3008. REGISTRATION OF REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/19/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622--3080

RIN: 1545-BB08
_______________________________________________________________________




3009. LIST MAINTENANCE REQUIREMENT FOR REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/19/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622--3080

RIN: 1545-BB09
_______________________________________________________________________




3010. INVESTIGATIVE DISCLOSURES (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9073                            07/10/03                    68 FR 41073

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Helene R. Newsome
Phone: 202 622--4570

RIN: 1545-BB17
_______________________________________________________________________




3011. SUBSTANTIATION OF INCIDENTAL EXPENSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9064                            07/01/03                    68 FR 39011

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sameera Y. Hasan
Phone: 202 622--4930

RIN: 1545-BB20

[[Page 73484]]

_______________________________________________________________________




3012. AUTHORIZATION FOR IRS TO CHARGE FEES FOR COPYING EXEMPT 
ORGANIZATION RETURNS (TEMPORARY)

Priority: Info./Admin./Other

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9070                            07/09/03                    68 FR 40768

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sarah Tate
Phone: 202 622--4590

RIN: 1545-BB22
_______________________________________________________________________




3013. EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9087                            08/26/03                    68 FR 51394

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

David L. Lundy
Phone: 202 622--3880

RIN: 1545-BB30
_______________________________________________________________________




3014. FRACTIONAL PARTS OF A DOLLAR

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/10/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marcy W. Mendelsohn
Phone: 202 622--4940

RIN: 1545-BB35
_______________________________________________________________________




3015. INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS FROM 
SRLY YEARS--AMENDED (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9057                            05/07/03                    68 FR 24351

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jeffrey B. Fienberg
Phone: 202 622--7930

RIN: 1545-BB39
_______________________________________________________________________




3016. FRACTIONAL PARTS OF A DOLLAR (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 7504; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       09/10/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marcy W. Mendelsohn
Phone: 202 622--4940

RIN: 1545-BB42
_______________________________________________________________________




3017. UPDATE TO SECTION 6081 REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 31; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9061                            06/11/03                    68 FR 34797

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charles A. Hall
Phone: 202 622--4940

RIN: 1545-BB55
_______________________________________________________________________




3018. REAL ESTATE MORTGAGE INVESTMENT CONDUITS; APPLICATION OF SECTION 
446 WITH RESPECT TO INDUCEMENT FEES (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/21/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John W. Rogers, III
Phone: 202 622--3950

RIN: 1545-BB74
_______________________________________________________________________




3019. AVAILABILITY OF SECTION 338(H)(10) ELECTION IN MULTISTEP 
TRANSACTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9071                            07/09/03                    68 FR 40766

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Daniel F. Heins
Phone: 202 622--7930

Mary E. Goode
Phone: 202 622--7930

RIN: 1545-BB78
_______________________________________________________________________




3020. GUIDANCE UNDER SECTION 368 REGARDING RESTRICTED STOCK

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

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/21/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-BB87

[[Page 73485]]

_______________________________________________________________________




3021. DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF AGRICULTURE 
(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9060                            06/06/03                    68 FR 33857

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Christine S. Irwin
Phone: 202 622--4570

RIN: 1545-BB91
_______________________________________________________________________




3022. DISTRIBUTIONS OF LOSS CORPORATION STOCK BY QUALIFIED PLANS 
(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9063                            06/27/03                    68 FR 38177

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martin T. Huck
Phone: 202 622--7750

RIN: 1545-BB99
_______________________________________________________________________




3023. TAX EXEMPT BOND PARTNERSHIP REPORTING REGULATION (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9094                            11/10/03                    68 FR 63733

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David A. Shulman
Phone: 202 622--3080

RIN: 1545-BC01
_______________________________________________________________________




3024. [bull] OTHER ASSESSABLE PENALTIES WITH RESPECT TO THE PREPARATION 
OF INCOME TAX RETURNS FOR OTHER PERSONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6107; 26 USC 6061; 26 USC 6695; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Persons who prepare income tax returns for compensation may 
satisfy the requirement of providing a signed copy of the return to the 
taxpayer by copies which are signed electronically or as otherwise 
prescribed by the Secretary.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9053                            04/24/03                    68 FR 20069

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--141659--02
Drafting attorney: Richard C. Grosenick (202) 622--5510
Reviewing attorney: Stuart Spielman (202) 622--5510
CC:PA:APJP

Agency Contact: Richard C. Grosenick, Attorney--Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--5510

RIN: 1545-BC12
_______________________________________________________________________




3025. [bull] SPECIAL DEPRECIATION ALLOWANCE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under sections 168(k) and 
1400L(b) regarding the special depreciation allowance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9091                            09/08/03                    68 FR 52986

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG--157164--02
Drafting attorney: Douglas Kim (202) 622--3110
Reviewing attorney: Kathleen Reed (202) 622--3110
Treasury attorney: George Manousos (202) 622--1335
CC:PSI

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

RIN: 1545-BC19
_______________________________________________________________________




3026. [bull] TRANSFERS OF COMPENSATORY OPTIONS TO RELATED PERSONS

Priority: Routine and Frequent

Legal Authority: 26 USC 83

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations which provide that sales or 
dispositions of stock options to related persons will not be considered 
arm's length transactions for purposes of section 1.83--7.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9067                            07/02/03                    68 FR 39453

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--116914--03

[[Page 73486]]

Drafting attorney: Stephen B. Tackney (202) 622--6040
Reviewing attorney: Robert Misner (202) 622--6030
Treasury attorney: William 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-BC21
_______________________________________________________________________




3027. [bull] LIMITATION ON USE OF THE NONACCRUAL EXPERIENCE METHOD OF 
ACCOUNTING

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

Legal Authority: 26 USC 448(d)(5)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide two safe harbor nonaccrual experience 
methods that will be presumed to clearly reflect a taxpayer's 
nonaccrual experience, and for taxpayers who wish to compute their 
nonaccrual experience using a computation or formula other than the two 
safe harbors provided, the requirements that must be met in order to 
use an alternative computation or formula to compute their nonaccrual 
experience.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9090                            09/04/03                    68 FR 52496

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG--141402--02
Drafting attorney: Terrance McWhorter (202) 622--4970
Reviewing attorney: Tom Luxner and David Schneider (202) 622--4970
Treasury attorney: George Manousos (202) 622--1335
CC:ITA

Agency Contact: Terrance McWhorter, General Tax Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622--4970

RIN: 1545-BC31
_______________________________________________________________________




3028. [bull] PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION 
(TEMPORARY)

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

Legal Authority: 26 USC 7805; 26 USC 409(p)(7)(A)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations provides guidance for employee 
ownership plans holding stock of a subchapter S Corporation concerning 
the prohibition against allocations to disqualified persons under 
section 409(p).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9081                            07/21/03                    68 FR 42970

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--129709--03
Drafting attorney: John T. Ricotta (202) 622--6060
Reviewing attorney: Marjorie Hoffman (202) 622--6060
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-BC33
_______________________________________________________________________




3029. [bull] GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO 
MEMBERS OF A CONSOLIDATED GROUP (TEMPORARY)

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

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations under section 1502 of the Internal 
Revenue Code provide guidance concerning the application of certain 
provisions of section 108 to members of a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9089                            09/04/03                    68 FR 52487

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--132760--03
Drafting attorney: Amber R. Cook (202) 622--7530
Reviewing attorney: Marie Milnes--Vasquez (202) 622--7530
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-BC39

[[Page 73487]]

_______________________________________________________________________




3030. [bull] REDUCTION OF TAX ATTRIBUTES DUE TO DISCHARGE OF 
INDEBTEDNESS (TEMPORARY)

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

Legal Authority: 26 USC 7805; 26 USC 108

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations clarify that, in the case of a 
transaction described in section 381(a)that ends a year in which the 
transferor corporation excludes COD income from gross income under 
section 108(a), any tax attributes to which the acquiring corporation 
succeeds under section 381, including the basis of property which 
carry's over under section 362, shall reflect the reductions required 
by sections 108 and 1017.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9080                            07/18/03                    68 FR 42590

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG--113112--03
Drafting attorney: Theresa M. Kolish (202) 622--7930
Reviewing attorney: Steve Hankin (202) 622--7930
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP

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

RIN: 1545-BC47
BILLING CODE 6720--01--S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3031. [bull] RISK--BASED CAPITAL GUIDELINES; IMPLEMENTATION OF NEW BASEL 
CAPITAL ACCORD

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

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1828 (note)

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, the Federal Deposit Insurance 
Corporation, and the Office of Thrift Supervision are setting forth for 
industry comment their current views on a proposed framework for 
implementing the New Basel Capital Accord in the United States. In 
particular, this advance notice of proposed rulemaking (ANPRM) 
describes significant elements of the Advanced Internal Ratings--Based 
approach for credit risk and the Advanced Measurement Approaches for 
operational risk (together, the advanced approaches). The ANPRM 
specifies criteria that would be used to determine banking 
organizations that would be required to use the advanced approaches, 
subject to meeting certain qualifying criteria, supervisory standards, 
and disclosure requirements. Other banking organizations that meet the 
criteria, standards, and requirements also would be eligible to use the 
advanced approaches. Under the advanced approaches, banking 
organizations would use internal estimates of certain risk components 
as key inputs in the determination of their regulatory capital 
requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/04/03                    68 FR 45900
ANPRM Comment Period End        11/03/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Teresa Scott, Counsel (Banking and Finance), Department 
of the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906--6478

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

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-AB56

[[Page 73488]]

_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3032. [bull] RISK--BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY 
GUIDELINES; CAPITAL MAINTENANCE: ASSET--BACKED COMMERCIAL PAPER PROGRAMS 
AND EARLY AMORTIZATION PROVISIONS

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

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1828 (note)

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency, Board of 
Governors of the Federal Reserve System, Federal Deposit Insurance 
Corporation, and Office of Thrift Supervision (collectively, the 
Agencies) are proposing to amend their risk--based capital standards by 
removing a sunset provision in order to permit sponsoring banks, bank 
holding companies, and thrifts (collectively, sponsoring banking 
organizations) to continue to exclude from their risk--weighted asset 
base those assets in asset--backed commercial paper (ABCP) programs 
that are consolidated onto sponsoring banking organizations' balance 
sheets as a result of a recently issued accounting interpretation, 
Financial Accounting Standards Board Interpretation No. 46, 
Consolidation of Variable Interest Entities. The Agencies also are 
proposing to require banking organizations to hold risk--based capital 
against liquidity facilities with an original maturity of one year or 
less that organizations provide to ABCP programs, regardless of whether 
the organization sponsors the program or must consolidate the program 
under generally accepted accounting principles. Finally, the Agencies 
are again proposing a risk--based capital charge for certain types of 
securitizations of revolving retail credit that incorporate early 
amortization provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/01/03                    68 FR 56568
NPRM Comment Period End         11/17/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

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

Teresa Scott, Counsel (Banking and Finance), Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906--6478

RIN: 1550-AB81
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3033. [bull] RISK--BASED CAPITAL GUIDELINES; CAPITAL GUIDELINES; CAPITAL 
MAINTENANCE: INTERIM CAPITAL TREATMENT OF CONSOLIDATED ASSET--BACKED 
COMMERCIAL PAPER PROGRAM ASSETS

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

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1828 (note)

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency, Board of 
Governors of the Federal Reserve System, Federal Deposit Insurance 
Corporation, and Office of Thrift Supervision are amending their risk--
based capital standards by providing an interim capital treatment for 
assets in asset--backed commercial paper (ABCP) programs that are 
consolidated onto the balance sheets of sponsoring banking 
organizations as a result of a recently issued accounting 
interpretation, FIN 46. The interim capital treatment allows sponsoring 
banking organizations to remove the consolidated ABCP program assets 
from their risk--weighted asset bases for the purpose of calculating 
their risk--based capital ratios. In addition, any minority interests 
in ABCP programs that are consolidated as a result of FIN 46 are to be 
excluded from sponsoring banking organizations' minority interest 
component of tier 1 capital and, thereby, from total risk--based 
capital.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/01/03                    68 FR 56530
Interim Final Rule Effective    10/01/03
Interim Final Rule Comment 
Period End                      11/17/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

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

Teresa Scott, Counsel (Banking and Finance), Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906--6478

RIN: 1550-AB79

[[Page 73489]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




3034. FAIR CREDIT REPORTING

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 571

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                      To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cindy Baltierra
Phone: 202 906--6540

Paul Robin
Phone: 202 906--6648

RIN: 1550-AB33
_______________________________________________________________________




3035. 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)



_______________________________________________________________________




3036. CAPITAL RULES

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 567

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Merged With 1550--AB56          08/04/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Teresa Scott
Phone: 202 906--6478

Michael D. Solomon
Phone: 202 906--5654

David Riley
Phone: 202 906--6669

RIN: 1550-AB11
_______________________________________________________________________




3037. DIRECTORS AND OFFICERS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 545; 12 CFR 563

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/15/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robyn Dennis
Phone: 202 906--5751

David A. Permut
Phone: 202 906--7505

Karen Osterloh
Phone: 202 906--6639

RIN: 1550-AB19
_______________________________________________________________________




3038. REMOVAL, SUSPENSION, AND DEBARMENT OF ACCOUNTANTS FROM PERFORMING 
AUDIT SERVICES

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 513

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      08/13/03                    68 FR 48256
Final Rule Effective            10/01/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Christine Smith
Phone: 202 906--5740

Teresa Scott
Phone: 202 906--6478

RIN: 1550-AB53
_______________________________________________________________________




3039. [bull] FEDERAL SAVINGS ASSOCIATIONS--OPERATIONS, AGENCY OFFICES; 
FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS

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

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

CFR Citation: 12 CFR 545; 12 CFR 550

Legal Deadline: None

Abstract: OTS is issuing a final rule amending its regulation governing 
agency offices of Federal savings associations to conform that 
regulation to recent changes to OTS's fiduciary activities regulations. 
OTS is also removing an incorrect parenthetical in 12 CFR 550.136, 
OTS's regulation governing the extent to which State law applies to the 
fiduciary activities of a Federal savings association.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      09/09/03                    68 FR 53024
Final Rule Effective            09/09/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Kevin A. Corcoran, Assistant Chief Counsel, Business Transactions, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906--6962

Judi McCormick, Trust Specialist, Supervision Policy, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552

[[Page 73490]]

Phone: 202 906--5636

RIN: 1550-AB80
_______________________________________________________________________




3040. [bull] CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS 
ASSOCIATIONS, AND CERTAIN NONFEDERALLY REGULATED BANKS

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

Legal Authority: 12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 
12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12 
USC 1828; 12 USC 1831o; 12 USC 3806; 31 USC 5318; 42 USC 4106

CFR Citation: 12 CFR 563

Legal Deadline: Final, Statutory, October 26, 2002, Final.

Abstract: The Secretary of the Treasury, the Office of the Comptroller 
of the Currency, the Board of Governors of the Federal Reserve System, 
the Federal Deposit Insurance Corporation, the Office of Thrift 
Supervision, and the National Credit Union Administration issued a 
joint final rule 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 to: 1) verify the identity of any person seeking to open 
an account; 2) maintain records of the information used to verify the 
person's identity; and 3) determine whether the person appears on any 
lists of known or suspected terrorists or terrorist organizations 
provided to the financial institution by a Government agency. The 
substantive requirements were codified as part of Treasury's BSA 
regulations located in 31 CFR part 103. In addition, OTS added a 
cross--reference to 12 CFR part 563 clarifying the applicability of the 
final rule to savings associations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/23/02                    67 FR 48290
NPRM Comment Period End         09/06/02
Final Rule                      05/09/03                    68 FR 25090
Final Rule Effective            06/09/03
Compliance Date                 10/01/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Richard Riese, Director, Compliance Policy, Department 
of the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906--6134

Karen Osterloh, Special Counsel, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906--6639

RIN: 1550-AB82
_______________________________________________________________________




3041. [bull] SAVINGS ASSOCIATIONS--OPERATIONS; TRANSACTIONS WITH 
AFFILIATES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12 USC 1828; 12 
USC 1831o; 12 USC 375b; 12 USC 3806; 42 USC 4106; 44 USC 3501 et seq.

CFR Citation: 12 CFR 506; 12 CFR 559; 12 CFR 562; 12 CFR 563

Legal Deadline: None

Abstract: The Office of Thrift Supervision (OTS) revised its 
regulations on transactions with affiliates. This interim final rule 
conformed OTS' regulations to the Board of Governors of the Federal 
Reserve System's (FRB) final rule implementing sections 23A and 23B of 
the Federal Reserve Act (FRA). The FRB rule (Regulation W) combines 
statutory restrictions on transactions with affiliates with new and 
existing interpretations and exemptions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/20/02                    67 FR 77909
Interim Final Rule Comment 
Period End                      02/18/03
Final Rule                      10/07/03                    68 FR 57790
Final Rule Effective            11/06/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: The interim final rule and the final rule 
published in the Federal Register under RIN 1550--AB55.

Agency Contact: Donna Deale, Manager, Supervision Policy, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906--7488

Karen Osterloh, Special Counsel, Department of the Treasury, Office of 
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906--6639

RIN: 1550-AB84
_______________________________________________________________________




3042. REGULATORY REPORTING STANDARDS: QUALIFICATIONS FOR INDEPENDENT 
PUBLIC ACCOUNTS PERFORMING AUDIT SERVICES FOR VOLUNTARY AUDIT FILERS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 562

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      09/08/03                    68 FR 52831
Final Rule Effective            09/08/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Teresa Scott
Phone: 202 906--6478

Christine Smith
Phone: 202 906--5740

RIN: 1550-AB85
[FR Doc. 03-27747 Filed 12-19-03; 8:45 am]
BILLING CODE 6720-01-S
