[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 65034]]



DEPARTMENT OF THE TREASURY (TREAS)                                     


  



_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda and Fiscal Year 2006 Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda and annual regulatory plan.

_______________________________________________________________________

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act (Pub. L. 96-354, September 19, 1980) and 
Executive Order (E.O.) 12866 (``Regulatory Planning and Review,'' 
September 30, 1993), which require the publication by the Department of 
a semiannual agenda of regulations. E.O. 12866 also requires the 
publication by the Department of a regulatory plan for fiscal year 
2006.

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 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. Because of limitations in the computer software used to 
prepare the agenda, the agency information under the heading ``For 
Further Information Contact'' for many of these regulations incorrectly 
indicates the Bureau of Customs and Border Protection contact person is 
an employee of the Department of the Treasury rather than the 
Department of Homeland Security.

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

     For this edition of Treasury's regulatory agenda, one 
regulation of Office of the Comptroller of the Currency is included 
in the Regulatory Plan, which appears in part II of this issue of 
the Federal Register. This entry 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: September 28, 2005.

 Richard S. Carro,

Senior Advisor to the General Counsel for Regulatory Affairs.

                                    Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2390        19 CFR 111 Remote Location Filing.....................................................    1505-AB20
2391        Uniform Rules of Origin...............................................................    1505-AB49
2392        Revision of Outbound Redelivery Procedures and Liabilities............................    1505-AB52
2393        19 CFR 101 Centralization of the Continuous Bond Program at the CBP National Finance      1505-AB54
            Center................................................................................
2394        NAFTA: Post-Entry Claims and Merchandise Processing Fee Exemption.....................    1505-AB58
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2395        31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations:        1505-AA95
            Publication of Economic Sanctions Enforcement Guidelines..............................
2396        Country-of-Origin Marking.............................................................    1505-AB21
2397        Expanded Methods of Payment of Duties, Taxes, Interest, and Fees......................    1505-AB22
2398        19 CFR 4 User and Navigation Fees; Other Reimbursable Charges.........................    1505-AB24
2399        19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences....    1505-AB26
2400        19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin         1505-AB28
            Initiative............................................................................
2401        19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge..    1505-AB29
2402        19 CFR 12 Dog and Cat Protection Act..................................................    1505-AB31
2403        19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple     1505-AB34
            Conveyances...........................................................................
2404        19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act.......    1505-AB37
2405        Trade Benefits Under the African Growth and Opportunity Act...........................    1505-AB38

[[Page 65035]]

 
2406        19 CFR 24 Fees for Customs Processing at Express Courier Facilities...................    1505-AB39
2407        Trade Benefits Under the Caribbean Basin Economic Recovery Act........................    1505-AB40
2408        19 CFR 10 United States--Chile Free Trade Agreement...................................    1505-AB47
2409        19 CFR 10 United States--Singapore Free Trade Agreement...............................    1505-AB48
2410        Recordation of Copyrights and Enforcement Procedures To Prevent Importation of            1505-AB51
            Piratical Articles....................................................................
2411        19 CFR 141 Conditional Release Period and Customs Bond Obligations for Food, Drugs,       1505-AB57
            Devices, and Cosmetics................................................................
2412        19 CFR 12 Country of Origin of Textile and Apparel Products...........................    1505-AB60
2413        Extension of Import Restrictions Imposed on Certain Categories of Archaeological          1505-AB61
            Material Imported from the Pre-Hispanic Cultures of the Republic of Nicaragua.........
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2414        31 CFR Ch II Possible Regulation of Access to Accounts at Financial Institutions          1505-AA74
            Through Payment Service Providers.....................................................
2415        Financial Activities of Financial Subsidiaries........................................    1505-AA80
2416        Financial Subsidiaries................................................................    1505-AA81
2417        12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage......................    1505-AA84
2418        12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature.......    1505-AA85
2419        Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for        1505-AB10
            Insured Losses........................................................................
2420        19 CFR 4 Harbor Maintenance Fee.......................................................    1505-AB11
2421        Donated Cargo Exemption From Harbor Maintenance Fee...................................    1505-AB12
2422        19 CFR 142 Reconciliation.............................................................    1505-AB16
2423        19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty-           1505-AB17
            Deferral Program Provisions...........................................................
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2424        Amendments to the Government Securities Act Regulations: Exemption for Holdings           1505-AB06
            Subject to Fiduciary Standards........................................................
2425        Terrorism Risk Insurance Program; Additional Claims Issues............................    1505-AB09
2426        Expanded Weekly Entry Procedure for Foreign Trade Zones...............................    1505-AB27
2427        Tariff Treatment Related to Disassembly Operations Under the North American Free Trade    1505-AB41
            Agreement (NAFTA).....................................................................
2428        Federal Benefit Payments Under Certain District of Columbia Retirement Plans..........    1505-AB55
----------------------------------------------------------------------------------------------------------------


                               Financial Crimes Enforcement Network--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2429        Customer Identification Programs for Pawn Brokers.....................................    1506-AA39
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2430        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To      1506-AA08
            Assess Civil Money Penalties on Depository Institutions...............................
2431        Customer Identification Programs for Travel Agents....................................    1506-AA38

[[Page 65036]]

 
2432        Customer Identification Programs for Loan and Finance Companies.......................    1506-AA40
2433        Customer Identification Programs for Sellers of Vehicles..............................    1506-AA41
2434        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA69
            Programs for Travel Agencies..........................................................
2435        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA73
            Programs for Loan and Finance Companies...............................................
2436        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA79
            Programs for Persons Involved in Real Estate Closings and Settlements.................
2437        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA80
            Programs for Businesses Engaged in Vehicle Sales, Including Automobiles, Airplane, and
            Boat Sales............................................................................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2438        31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-    1506-AA15
            Border Transportation of Certain Monetary Instruments.................................
2439        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the             1506-AA23
            Requirement To Report Transactions in Currency........................................
2440        31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement that             1506-AA25
            Nonfinancial Trades or Businesses Report Certain Currency Transactions................
2441        31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and          1506-AA29
            Private Banking Accounts..............................................................
2442        31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and      1506-AA31
            Credit Unions.........................................................................
2443        31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act     1506-AA36
            Regulations Requirement That Insurance Companies Report Suspicious Transactions.......
2444        31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual      1506-AA37
            Funds Report Suspicious Transactions..................................................
2445        31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru............    1506-AA43
2446        Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations--            1506-AA61
            Nomenclature Changes..................................................................
2447        Imposition of Special Measures Against the Commercial Bank of Syria as a Financial        1506-AA64
            Institution of Primary Money Laundering Concern.......................................
2448        Imposition of Special Measure Against First Merchant Bank OSH Ltd, Incl. its              1506-AA65
            Subsidiaries, FMB Finance Ltd, First Merchant International Inc, First Merchant
            Finance Ltd, and First Merchant Trust Ltd.............................................
2449        Imposition of Special Measure Against Infobank as a Financial Institution of Primary      1506-AA67
            Money Laundering Concern..............................................................
2450        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA68
            Programs for Mutual Funds.............................................................
2451        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA70
            Programs for Insurance Companies......................................................
2452        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA71
            Programs for Investment Advisors......................................................
2453        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA72
            Programs for Financial Institutions...................................................
2454        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA74
            Programs for Money Services Businesses................................................
2455        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA75
            Programs for Commodity Trading Advisors...............................................
2456        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA76
            Programs for Operators of a Credit Card System........................................
2457        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA77
            Programs for Unregistered Investment Companies........................................
2458        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA78
            Programs for Dealers in Precious Metals, Stones, or Jewels............................
----------------------------------------------------------------------------------------------------------------


[[Page 65037]]


                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2459        31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and          1506-AA19
            Recordkeeping Requirements--Money Services Businesses (MSBs)..........................
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2460        31 CFR 245 Claims on Account of Treasury Checks.......................................    1510-AA51
2461        31 CFR 256 Payments Under Judgment and Private Relief Acts............................    1510-AA52
2462        Foreign Exchange Operations...........................................................    1510-AB03
2463        Withholding of District of Columbia, State, City, and County Income or Employment         1510-AB06
            Taxes by Federal Agencies.............................................................
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2464        31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments...........    1510-AA91
2465        Federal Government Participation in the ACH...........................................    1510-AB00
2466        Payment of Federal Taxes and the Treasury Tax and Loan Program........................    1510-AB01
2467        Federal Government Participation in the Automated Clearing House......................    1510-AB04
2468        Offset of Federal Payments (Other Than Tax Refund and Federal Benefit Payments) To        1510-AB05
            Collect Past-Due, Legally Enforceable Nontax Debt--Grant Payments Amendment...........
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2469        31 CFR 285.7 Salary Offset............................................................    1510-AA70
2470        Administrative Wage Garnishment Clarifications........................................    1510-AB02
----------------------------------------------------------------------------------------------------------------


                             Alcohol and Tobacco Tax and Trade Bureau--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2471        Proposed Revisions to the Beer Regulations............................................    1513-AB05
2472        Use of the Word ``Pure'' or its Variants in the Labeling and Advertising of Alcohol       1513-AB16
            Beverages.............................................................................
----------------------------------------------------------------------------------------------------------------


                          Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2473        Denatured Spirits, Articles, and Nonbeverage Products.................................    1513-AB03
2474        Labeling and Advertising of Wines, Distilled Spirits, and Malt Beverages..............    1513-AB07
2475        Allergen Ingredient Labeling for Alcohol Beverages....................................    1513-AB08
2476        Alternating Brewery Proprietors.......................................................    1513-AB09
2477        Petition To Establish the Outer Coastal Plain American Viticultural Area..............    1513-AB13
2478        Petition To Establish the Rattlesnake Hills American Viticultural Area................    1513-AB14
2479        Petition To Establish the Saddle Rock-Malibu American Viticultural Area...............    1513-AB15
2480        Availability of Information...........................................................    1513-AA98

[[Page 65038]]

 
2481        Firearms and Ammunition Excise Taxes, Consignment Sales of Imported Articles..........    1513-AB12
2482        27 CFR 252 Exportation of Liquors.....................................................    1513-AA00
2483        27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars.....................    1513-AA16
2484        27 CFR 19, Subpart W Proposed Revisions to the Distilled Spirits Plant Regulations....    1513-AA23
2485        27 CFR 44 Regulatory Changes From Customs Service Final Rule..........................    1513-AA26
2486        27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment      1513-AA27
            of Tax................................................................................
2487        27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage    1513-AA37
            Use...................................................................................
2488        27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines..............    1513-AA42
2489        27 CFR 40 Marks, Labels, Notices, and Bonds for, and Removal of, Tobacco Products, and    1513-AA49
            Cigarette Papers and Tubes............................................................
2490        27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without    1513-AA52
            Payment of Tax........................................................................
2491        Proposed Establishment of Alta Mesa Viticultural Area.................................    1513-AA82
2492        Proposed Establishment of the Cosumnes River Viticultural Area........................    1513-AA83
2493        Proposed Establishment of Sloughhouse Viticultural Area...............................    1513-AA84
2494        Proposed Establishment of Mokelumne River Viticultural Area...........................    1513-AA85
2495        Proposed Establishment of Jahant Viticultural Area....................................    1513-AA86
2496        Proposed Establishment of Borden Ranch Viticultural Area..............................    1513-AA87
2497        Proposed Establishment of Clements Hills Viticultural Area............................    1513-AA88
2498        Proposed Establishment of the Mt. Oso Viticultural Area...............................    1513-AA89
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2499        New Certification Requirements for Imported Wine......................................    1513-AB00
2500        Wahluke Slope Viticultural Area.......................................................    1513-AB01
2501        Petition To Establish San Antonio Valley as a New American Viticultural Area..........    1513-AB02
2502        Proposed Change to Vintage Date Requirements..........................................    1513-AB11
2503        Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the           1513-AA80
            Homeland Security Act of 2002.........................................................
2504        Removal of Tobacco Products and Cigarette Papers and Tubes, Without Payment of Tax,       1513-AA99
            for Use by the United States in Law Enforcement Activities............................
2505        27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the               1513-AA10
            Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments.....
2506        27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties    1513-AA32
2507        27 CFR 9 Proposed Red Hill Douglas County, Oregon American Viticultural Area..........    1513-AA39
2508        27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area.....    1513-AA41
2509        27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages..............    1513-AA46
2510        27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area....................    1513-AA54
2511        27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary Realignment/    1513-AA55
            Expansion.............................................................................
2512        27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural      1513-AA57
            Area..................................................................................
2513        27 CFR 7 Labeling and Advertising of Malt Beverages...................................    1513-AA60
2514        Petition To Establish the ``Fort Ross Seaview'' Viticultural Area.....................    1513-AA64
2515        Petition No. 2 To Expand the Russian River Valley Viticultural Area...................    1513-AA67
2516        Petition To Establish the ``Shawnee Hills'' Viticultural Area.........................    1513-AA70
2517        Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco             1513-AA72
            Viticultural Area.....................................................................
2518        Petition To Establish ``Texoma'' as a Viticultural Area...............................    1513-AA77
2519        Proposed Establishment of Covelo Viticultural Area....................................    1513-AA90
2520        Petition To Establish ``Calistoga'' as an American Viticultural Area..................    1513-AA92
2521        Ramona Valley Viticultural Area.......................................................    1513-AA94
2522        Dos Rios Viticultural Area............................................................    1513-AA95
2523        Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the    1513-AA96
            Treatment of Wine, Juice, and Distilling Material.....................................
2524        Niagara Escarpment Viticultural Area..................................................    1513-AA97
2525        Suspension of Special (Occupational) Tax..............................................    1513-AB04
----------------------------------------------------------------------------------------------------------------


[[Page 65039]]


                           Alcohol and Tobacco Tax and Trade Bureau--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2526        27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled    1513-AA07
            Spirits and Wine......................................................................
2527        27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188..........    1513-AA05
2528        27 CFR 24.66 Implementation of Public Law 105-34, Section 1416, Relating to Refund of     1513-AA06
            Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer Relief
            Act of 1997)..........................................................................
2529        27 CFR 4 Amended Standard of Identity for Sherry......................................    1513-AA08
2530        27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and      1513-AA14
            Tubes Imported or Brought Into the United States......................................
2531        27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural       1513-AA51
            Area..................................................................................
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2532        27 CFR 9 Petition To Establish ``Alexandria Lakes'' as a New American Viticultural        1513-AA45
            Area..................................................................................
2533        Administrative Changes to the Publication of the TTB Bulletin.........................    1513-AB06
2534        Determination of Sale Price of Large Cigars...........................................    1513-AB10
2535        27 CFR 31 Liquor Dealers; Recodification of Regulations...............................    1513-AA19
2536        27 CFR 9 Petition To Establish ``Ribbon Ridge'' as a New American Viticultural Area...    1513-AA58
2537        Petition To Establish the ``High Valley'' Viticultural Area...........................    1513-AA79
2538        Proposed Establishment of Horse Heaven Hills..........................................    1513-AA91
----------------------------------------------------------------------------------------------------------------


                                   Comptroller of the Currency--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2539        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:          1557-AC95
            Domestic Capital Modifications........................................................
----------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2540        12 CFR 4 Regulatory Burden Reduction and Technical Amendments.........................    1557-AC79
2541        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1557-AC87
            Institutions and Creditors............................................................
2542        Implementation of a Revised Basel Capital Accord (Basel II) (Reg Plan Seq No. 98).....    1557-AC91
2543        One-Year Post-Employment Restrictions for Senior Examiners............................    1557-AC94
2544        Securities Offering Disclosure Rules; Nonpublic Offerings.............................    1557-AC98
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in part II of this issue of the Federal Register.


                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2545        Fair Credit Reporting: Use of Medical Information.....................................    1557-AC85
2546        Fair Credit Reporting: Affiliate Marketing Regulations................................    1557-AC88
2547        Securities Borrowing Transactions.....................................................    1557-AC90
2548        Assessment of Fees....................................................................    1557-AC96
2549        12 CFR 1-3 District of Columbia-Chartered Banks.......................................    1557-AC97
----------------------------------------------------------------------------------------------------------------


[[Page 65040]]


                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2550        Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer           1557-AB93
            Registration..........................................................................
2551        Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-    1557-AC80
            Leach-Bliley Act......................................................................
2552        Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency........    1557-AC89
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2553        12 CFR 25 Community Reinvestment Act Regulation (12 CFR 25)...........................    1557-AB98
2554        Electronic Filing and Disclosure of Beneficial Ownership Reports......................    1557-AC75
----------------------------------------------------------------------------------------------------------------


                                     Internal Revenue Service--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2555        Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items....    1545-BC65
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2556        Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch     1545-AM12
            Remittances...........................................................................
2557        Outbound Transfers of Property to Foreign Corporations................................    1545-AM97
2558        Foreign Insurance Company--Domestic Election..........................................    1545-AO25
2559        Taxation of Global Trading............................................................    1545-AP01
2560        Integrated Financial Transaction......................................................    1545-AR20
2561        Agreements for Payment of Tax Liabilities in Installments.............................    1545-AU97
2562        Substantiating Travel Expense Deductions for Members of Congress......................    1545-AV55
2563        Transportation of Persons and Property by Air.........................................    1545-AW19
2564        Source of Income From Certain Space and Ocean Activities and for Communications Income    1545-AW50
2565        Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and    1545-AX02
            Related Foreign Base Company Shipping Income..........................................
2566        Definition of Accounting Method.......................................................    1545-AX21
2567        Inspection of Written Determinations..................................................    1545-AX40
2568        Awarding of Costs and Certain Fees....................................................    1545-AX46
2569        Modification to Section 367(a) Stock Transfer Regulations.............................    1545-AX77
2570        Definition of Passive Foreign Investment Company Under Section 1297...................    1545-AX78
2571        Clarification of Foreign-Based Company Sales Income Rules.............................    1545-AX91
2572        Guidance on Changes to the Laws for Corporate Estimated Taxes.........................    1545-AY22
2573        Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding      1545-AY30
            Companies (FPHCs).....................................................................
2574        Dollar-Value LIFO.....................................................................    1545-AY39
2575        Special Rules Relating to Transfers of Intangibles to Foreign Corporations............    1545-AY41
2576        Previously Taxed Earnings and Profits Under Subpart F.................................    1545-AY54
2577        Liabilities Assumed in Certain Corporate Transactions.................................    1545-AY74
2578        Disclosure of Returns and Return Information in Judicial and Administrative Tax           1545-AY89
            Proceedings...........................................................................
2579        Transactions Involving Obligations of Consolidated Group Members......................    1545-BA11
2580        Deductibility of Employer Contributions for Deferred Compensation.....................    1545-BA13
2581        Suspension of Statutes of Limitation in John Doe and Third-Party Summons Disputes, and    1545-BA31
            Expansion of Taxpayers' Rights To Receive Notice and Seek Judicial Review of Third
            Party Summonses.......................................................................
2582        Allocation and Apportionment Rules: Guidance on Selected Issues.......................    1545-BA64
2583        Provisions Regarding Cross-Border Transactions........................................    1545-BA65
2584        Circular 230--Phase 2 Nonshelter Revisions............................................    1545-BA72
2585        Allocation of New Markets Tax Credit..................................................    1545-BA84

[[Page 65041]]

 
2586        Communications Excise Tax; Taxable Communication Services.............................    1545-BB04
2587        Cost Sharing..........................................................................    1545-BB26
2588        Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year.....    1545-BB27
2589        Application of Separate Limitations to Dividends From Noncontrolled Section 902           1545-BB28
            Corporation...........................................................................
2590        Substitute Dividend Payments in Securities Lending and Similar Transactions...........    1545-BB56
2591        Loss on Subsidiary Stock..............................................................    1545-BB61
2592        Liquidation of an Interest............................................................    1545-BB71
2593        REMIC Residuals--Timing of Income for Foreign Holders.................................    1545-BB84
2594        Dependent Care Credit.................................................................    1545-BB86
2595        Determination of Single-Sum Distributions From Cash Balance Plans.....................    1545-BB93
2596        General Allocation and Accounting Regulations.........................................    1545-BC07
2597        Utility Allowance Regulation Update...................................................    1545-BC22
2598        Guidance on PFIC Purging Elections....................................................    1545-BC37
2599        Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/    1545-BC48
            or Commodities, Including Foreign Currency Instruments................................
2600        Stewardship Expenses..................................................................    1545-BC52
2601        Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash     1545-BC55
            a Designated or Related Summons.......................................................
2602        Guidance Under Section 2053 Regarding Post-Death Events...............................    1545-BC56
2603        Below-Market Loans....................................................................    1545-BC78
2604        Regulations Governing the Performance of Actuarial Services Under the Employee            1545-BC82
            Retirement Income Security Act of 1974................................................
2605        Definition of Loss for Purposes of the Straddle Rules.................................    1545-BC83
2606        Sickness or Accident Disability Payments..............................................    1545-BC89
2607        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BC93
            Department of Commerce................................................................
2608        Guidance Regarding the Active Trade or Business Requirement Under Section 355(b)......    1545-BC94
2609        Support Test in the Case of a Child of Divorced Parents...............................    1545-BD01
2610        Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue    1545-BD09
            Code (Temporary)......................................................................
2611        Current Liability Interest Rate Under Section 412(b)(5) (Temporary)...................    1545-BD14
2612        Definition of Qualified Foreign Corporation...........................................    1545-BD15
2613        REMIC Interest-Only Regular Interests.................................................    1545-BD18
2614        Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind      1545-BD19
            Property..............................................................................
2615        Section 42 Qualified Contract Provisions..............................................    1545-BD20
2616        Payments for Which No Return of Information Is Required Under Section 6041............    1545-BD21
2617        Definition of Disqualified Person.....................................................    1545-BD28
2618        Transfers of Restricted Stock.........................................................    1545-BD44
2619        Application of Sections 304(b)(6) and 367 in Cross Border Section 304 Transactions....    1545-BD46
2620        Aggregate Computation; Allocation of Research Credit II...............................    1545-BD60
2621        Declaratory Judgment--Gift Tax Value..................................................    1545-BD67
2622        Use of Electronic Technologies for Providing Notices and Transmitting Elections and       1545-BD68
            Consents..............................................................................
2623        Disabled Access Credit................................................................    1545-BD69
2624        Section 704(b)(2) and Substantiality..................................................    1545-BD70
2625        Regulations Under Section 706 Regarding Determination of Distributive Share When A        1545-BD71
            Partner's Interest Changes............................................................
2626        Shareholder's Basis in Stock of an S Corporation......................................    1545-BD72
2627        Guidance Under Section 6501(c)(1) Regulations.........................................    1545-BD73
2628        Guidance Under Section 707(c) Regarding Guaranteed Payments...........................    1545-BD74
2629        Possible Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1....    1545-BD81
2630        Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs......    1545-BD82
2631        Guidance Regarding Selected Issues Under Section 336(e)...............................    1545-BD84
2632        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BE02
            Department of Commerce (Temporary)....................................................
2633        Reduction of Fuel Excise Tax Evasion..................................................    1545-BE03
2634        Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by      1545-BE09
            Regulated Investment Companies........................................................
2635        Intra-Group Gross Receipts Under Section 41...........................................    1545-BE14
2636        Capitalization of Amounts Paid To Repair or Improve Tangible Property.................    1545-BE18
2637        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE23
            (AJCA)................................................................................
2638        Employer Comparable Contributions To Health Savings Accounts Under Section 4980G......    1545-BE30

[[Page 65042]]

 
2639        Tractors, Trailers, Trucks, and Tires.................................................    1545-BE31
2640        Income Attributable to Domestic Production Activities.................................    1545-BE33
2641        Guidance Under Subpart F Relating to Partnerships.....................................    1545-BE34
2642        Release of Lien or Discharge of Property..............................................    1545-BE35
2643        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE39
            (AJCA) (Temporary)....................................................................
2644        Definition of Dependent and Other Related Provisions..................................    1545-BE40
2645        Disregarded Entities and Collections..................................................    1545-BE43
2646        Balanced System for Measuring Organizational and Employee Performance Within the          1545-BE45
            Internal Revenue Service..............................................................
2647        Balanced System for Measuring Organizational and Employee Performance Within the          1545-BE46
            Internal Revenue Service (Temporary)..................................................
2648        Information Returns Required With Respect to Certain Foreign Corporations and Other       1545-BE47
            Conforming Changes....................................................................
2649        Low-Income Housing Credit Allocation and Certification; Revisions.....................    1545-BE50
2650        Special Depreciation Allowance-Extended Placed-in Service Date........................    1545-BE55
2651        Special Depreciation Allowance-Extended Placed-in-Service Date (Temporary)............    1545-BE56
2652        Limitation on Transfer of Built-in Losses.............................................    1545-BE58
2653        Limitation on Transfer of Built-in Losses (Temporary).................................    1545-BE59
2654        Research Expenditures Resulting In Inventory Property.................................    1545-BE64
2655        Converting an IRA Annuity to a Roth IRA...............................................    1545-BE65
2656        Converting an IRA Annuity to a Roth IRA (Temporary)...................................    1545-BE66
2657        Assumption of Liabilities.............................................................    1545-BE67
2658        Section 401(A)(4) Guidance............................................................    1545-BE69
2659        Qualified Severance of a Trust for Generation-Skipping Transfer (GST) Tax Purposes II.    1545-BE70
2660        Special Rule Regarding Certain Section 951 Pro Rata Share Allocations.................    1545-BE71
2661        Information Reporting On Real Estate Transactions.....................................    1545-BE73
2662        Dividends Paid Deduction For Stock Held In Employee Stock Ownership Plan..............    1545-BE74
2663        Start-up and Organizational Expenditures..............................................    1545-BE77
2664        Remic Residuals-Foreign Holders (Temporary)...........................................    1545-BE81
2665        Life/Non-life Tacking Rule............................................................    1545-BE85
2666        Targeted Populations Under Section 45D(e)(2)..........................................    1545-BE89
2667        Railroad Track Maintenance Credit.....................................................    1545-BE90
2668        Railroad Track Maintenance Credit (Temporary).........................................    1545-BE91
2669        Guidance Under Section 7874 for Determining Ownership by Former Shareholders or           1545-BE93
            Partners of Domestic Entities.........................................................
2670        S Corporation Guidance Under American Jobs Creation Act of 2004.......................    1545-BE95
2671        Capital Costs Incurred To Comply With EPA Sulfur Regulations..........................    1545-BE96
2672        Disallowance of Partnership Loss Transfers and Basis Reduction in Stock of a Corporate    1545-BE98
            Partner...............................................................................
2673        Section 704(c) and 737 Regulations Update.............................................    1545-BE99
2674        Cafeteria Plans.......................................................................    1545-BF00
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2675        Information From Passport and Immigration Applicants..................................    1545-AJ93
2676        Foreign Corporations..................................................................    1545-AK74
2677        Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign           1545-AK79
            Investment in Real Property Tax Act...................................................
2678        Earnings Stripping Payments...........................................................    1545-AO24
2679        Escrow Funds and Other Similar Funds..................................................    1545-AR82
2680        Straddles---Miscellaneous Issues......................................................    1545-AT46
2681        Recomputation of Life Insurance Reserves..............................................    1545-AU49
2682        Definition of Private Activity Bond--Refunding Regulations............................    1545-AU98
2683        Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and        1545-AW06
            Commodities...........................................................................
2684        Stocks and Securities Safe Harbor Exception...........................................    1545-AW13
2685        Intercompany Obligations..............................................................    1545-AW30
2686        Reporting of Payments to Attorneys....................................................    1545-AW72
2687        Highway Vehicle--Definition...........................................................    1545-AX10

[[Page 65043]]

 
2688        Guidance on Cost Recovery in the Entertainment Industry...............................    1545-AX12
2689        Stock Transfer Rules--Carryover of Earnings and Taxes.................................    1545-AX65
2690        Allocation and Apportionment of Interest Expense and Certain Other Expenses...........    1545-AX72
2691        Capitalization of Interest and Carrying Charges Properly Allocable to Straddles.......    1545-AX92
2692        Authorized Placement Agency...........................................................    1545-AY18
2693        HIPAA General Nondiscrimination.......................................................    1545-AY32
2694        HIPAA Nondiscrimination Exception for Church Plans....................................    1545-AY33
2695        HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs.....................    1545-AY34
2696        Allocation of Income and Deductions From Intangibles..................................    1545-AY38
2697        Election--Asset Acquisitions of Insurance Companies...................................    1545-AY49
2698        Tax Treatment of Cafeteria Plans......................................................    1545-AY67
2699        Normalization.........................................................................    1545-AY75
2700        Transitional Relief for Qualified Intermediaries......................................    1545-AY92
2701        Mergers Involving Disregarded Entities................................................    1545-BA06
2702        Reductions of Accruals and Allocations Because of Increased Age.......................    1545-BA10
2703        Amendment to the Definition of Refunding..............................................    1545-BA46
2704        Noncompensatory Partnership Options...................................................    1545-BA53
2705        Redemptions Treated as Dividends......................................................    1545-BA80
2706        Reporting Requirements for Widely Held Fixed Investment Trusts........................    1545-BA83
2707        Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens..................    1545-BA86
2708        Allocation of Foreign Tax Credits Among Partners......................................    1545-BB11
2709        Investigative Disclosures.............................................................    1545-BB16
2710        Toll Telephone Service--Definition....................................................    1545-BB18
2711        Mixed Use Output Facilities...........................................................    1545-BB23
2712        Treatment of Services Under Section 482...............................................    1545-BB31
2713        Limitation on Use of Nonaccrual Experience Method of Accounting.......................    1545-BB43
2714        Special Depreciation Allowance........................................................    1545-BB57
2715        Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under        1545-BB64
            Section 403(b)........................................................................
2716        Collected Excise Taxes; Duties of Collector...........................................    1545-BB75
2717        Notional Principal Contracts; Contingent Nonperiodic Payments.........................    1545-BB82
2718        Predecessors or Successors Under Section 355(e).......................................    1545-BB85
2719        Guidance Regarding Mark-to-Market Valuation for Certain Securities....................    1545-BB90
2720        Partnership Equity for Services.......................................................    1545-BB92
2721        Accrual for Certain REMIC Regular Interests...........................................    1545-BB94
2722        Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and         1545-BB96
            Opportunity for Hearing Upon Filing of Notice of Lien.................................
2723        Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before    1545-BB97
            Levy..................................................................................
2724        Determination of Basis of Securities Received in Exchange or With Respect to a Stock      1545-BC05
            or Securities in Certain Transactions.................................................
2725        Entry of Taxable Fuel.................................................................    1545-BC08
2726        Guidance Necessary To Facilitate Business Electronic Filing...........................    1545-BC15
2727        Changes in Computing Depreciation.....................................................    1545-BC18
2728        Value of Life Insurance When Distributed From a Qualified Retirement Plan.............    1545-BC20
2729        Special Consolidated Return Rules for Interest Expense Disallowed Under Section           1545-BC23
            265(a)(2).............................................................................
2730        Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving    1545-BC24
            Related Parties, Pass-Through Entities, or Other Intermediaries.......................
2731        Section 411(d)(6) Protected Benefits..................................................    1545-BC26
2732        Prohibited Allocation of Securities in an S Corporation...............................    1545-BC34
2733        Substitute for Return (SFR) and Automated Substitute for Return (ASFR)................    1545-BC45
2734        Guidance on PFIC Purging Elections....................................................    1545-BC49
2735        Qualified Severance Regulations.......................................................    1545-BC50
2736        Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions........    1545-BC61
2737        Guidance Under Section 707 Regarding Disguised Sales..................................    1545-BC63
2738        Section 1045 Application to Partnerships..............................................    1545-BC67
2739        Collection After Assessment...........................................................    1545-BC72
2740        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC74
            Group.................................................................................
2741        Determination of Residency in U.S. Possessions........................................    1545-BC86
2742        Exclusion of Employees of 501(c)(3) Organizations in 401(k) and 401(m) Plans..........    1545-BC87

[[Page 65044]]

 
2743        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC95
            Group; Computation of Taxable Income When Section 108 Applies to a Member of a
            Consolidated Group....................................................................
2744        Solid Waste Disposal Facilities.......................................................    1545-BD04
2745        Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules.....................    1545-BD07
2746        Dual Consolidated Loss Regulations....................................................    1545-BD10
2747        Guidance on Phased Retirement.........................................................    1545-BD23
2748        Stock Held by Foreign Insurance Companies.............................................    1545-BD27
2749        Requirements for Reorganizations......................................................    1545-BD31
2750        Guidance on PFIC Purging Elections (Temporary)........................................    1545-BD33
2751        Clarification of Definitions..........................................................    1545-BD37
2752        Underpayment for Qualified Amended Returns............................................    1545-BD40
2753        Transfers of Restricted Stock (Temporary).............................................    1545-BD45
2754        Treatment of Disregarded Entities Under Section 752...................................    1545-BD48
2755        Section 951 Pro Rata Rules............................................................    1545-BD49
2756        HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction With FMLA..    1545-BD51
2757        Continuity of Interest/Stock Fluctuation..............................................    1545-BD53
2758        Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons;         1545-BD54
            Applicability of Section 381..........................................................
2759        Manufacturer Incentive Payments in an Intercompany Transaction........................    1545-BD55
2760        Asset Transfers Following Putative Reorganizations....................................    1545-BD56
2761        Guidance Under Section 368 Regarding Mergers With and Into a Foreign Corporation......    1545-BD76
2762        Section 1374 Effective Dates..........................................................    1545-BD95
2763        Flat Rate Supplemental Wage Withholding...............................................    1545-BD96
2764        Disclosure of Relative Values of Optional Forms of Benefit............................    1545-BD97
2765        Dye Injection.........................................................................    1545-BE04
2766        Designated Roth Contributions Under Cash or Deferred Arrangements Under Section 401(k)    1545-BE05
2767        Circular 230-Covered Opinion Amendments...............................................    1545-BE13
2768        Disclosure of Return Information to the Department of Agriculture.....................    1545-BE15
2769        Exclusions From Gross Income of Foreign Corporations..................................    1545-BE16
2770        Withholding Exemptions................................................................    1545-BE20
2771        Guidance Under Section 7874 for Determining Ownership by Former Shareholders or           1545-BE94
            Partners of Domestic Entities (Temporary).............................................
2772        Capital Costs Incurred To Comply With EPA Sulfur Regulations (Temporary)..............    1545-BE97
2773        Cafeteria Plans (Temporary)...........................................................    1545-BF01
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2774        Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax      1545-AC09
            and Civil Penalties for Failure To File...............................................
2775        Income Tax--Definition of Qualified Possession Source Investment Income for Purposes      1545-AC10
            of Puerto Rico and Possession Tax Credit..............................................
2776        FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other       1545-AI16
            Special Rules for FSC.................................................................
2777        Income of Foreign Governments and International Organizations.........................    1545-AL93
2778        Clarification of Treatment of Separate Limitation Losses..............................    1545-AM11
2779        Earnings and Profits of Controlled Foreign Corporations...............................    1545-AM90
2780        Caribbean Basin Investments...........................................................    1545-AM91
2781        Consolidated Alternative Minimum Tax..................................................    1545-AN73
2782        Conforming Taxable Years of CFCs and FPHCs............................................    1545-AO22
2783        Information Reporting and Record Maintenance..........................................    1545-AP10
2784        Registration Required Obligations.....................................................    1545-AP33
2785        Use of GAAP Earnings as E&P of Foreign Corporations...................................    1545-AQ55
2786        Interest-Free Adjustments.............................................................    1545-AQ61
2787        The Treatment of Accelerated Death Benefits...........................................    1545-AQ70
2788        Definition of ``Highly Compensated Employee''.........................................    1545-AQ74
2789        Mark-to-Market Upon Disposition.......................................................    1545-AS85

[[Page 65045]]

 
2790        Allocation of Accrued Benefits Between Employer and Employee Contributions............    1545-AT82
2791        Foreign Corporations Regulations......................................................    1545-AT96
2792        Application of Grantor Trust Rules to Nonexempt Employees' Trusts.....................    1545-AU29
2793        Application of Attribution Rules to Foreign Trusts....................................    1545-AU91
2794        Electronic Transmission of Withholding Certificates...................................    1545-AV27
2795        Constructive Sales of Appreciated Financial Positions.................................    1545-AW97
2796        Highly Compensated Employee...........................................................    1545-AX48
2797        Special Rules for S Corporations......................................................    1545-AY44
2798        Normal Retirement Age for Pension Plans...............................................    1545-AY61
2799        Payments For Interest in Partnership..................................................    1545-AY90
2800        Consolidated Returns; Nonapplicability of Section 357(c)..............................    1545-BA09
2801        Earnings and Profits Attribution Principles...........................................    1545-BA93
2802        Guidance To Facilitate Electronic Tax Administration..................................    1545-BA96
2803        Timely Mailing Treatment..............................................................    1545-BA99
2804        Amending the Low-Income Housing Tax Credit Program....................................    1545-BB37
2805        Amendment to Section 6724 Relating to Failure To File Correct Information Returns.....    1545-BB41
2806        Application of Nondiscrimination Cross-Testing Rules To Cash Balance Plans............    1545-BB79
2807        Notarization Requirement for Statements of Purchase...................................    1545-BC11
2808        Contingent at Closing Escrows.........................................................    1545-BC16
2809        Coordination of United States and Certain Possessions Income Taxes....................    1545-BC54
2810        Transactions Involving the Transfer of No Net Equity Value............................    1545-BC88
2811        Disclosures to Subcontractors.........................................................    1545-BC92
2812        Accumulated Adjustment Account and Other Corporate Separations Under Section 355......    1545-BC98
2813        Attained Age of the Insured...........................................................    1545-BD00
2814        Current Liability Interest Rate Under Section 412(b)(5)...............................    1545-BD13
2815        Coordination of United States and Certain Possessions Income Taxes (Temporary)........    1545-BD32
2816        LIFO Recapture Under Section 1363(d)..................................................    1545-BD34
2817        Update of 415 Regulations.............................................................    1545-BD52
2818        Classification of Indian Tribal Corporations..........................................    1545-BD61
2819        Mandatory e-Filing for Forms 1120.....................................................    1545-BD65
2820        Classification of Certain Foreign Entities............................................    1545-BD77
2821        Classification of Certain Foreign Entities (Temporary)................................    1545-BD78
2822        Special Rules To Reduce Section 1446 Withholding......................................    1545-BD80
2823        Definition of the ``Due Date'' for Purposes of Calculating Overpayment Interest Under     1545-BD86
            Section 301.6611(h)...................................................................
2824        Return for Subchapter T Cooperatives..................................................    1545-BD92
2825        Employer's Annual Federal Employment Tax Return--Form 944.............................    1545-BD93
2826        Return for Subchapter T Cooperatives (Temporary)......................................    1545-BD98
2827        Employer's Annual Federal Employment Tax Return--Form 944 (Temporary).................    1545-BE00
2828        Application of Section 6404(g) Suspension Provisions..................................    1545-BE07
2829        Disclosure of Return Information to the Bureau of the Census..........................    1545-BE08
2830        Information Returns by Donees Relating to Qualified Intellectual Property                 1545-BE11
            Contributions.........................................................................
2831        Section 6011 Regulations..............................................................    1545-BE24
2832        Section 6011 Regulations (Temporary)..................................................    1545-BE25
2833        Section 6111 Regulations..............................................................    1545-BE26
2834        Section 6111 Regulations (Temporary)..................................................    1545-BE27
2835        Section 6112 Regulations..............................................................    1545-BE28
2836        Section 6112 Regulations (Temporary)..................................................    1545-BE29
2837        Domestic Workers Regulation Update (Application of the Federal Insurance Contributions    1545-BE32
            Act To Payments Made for Certain Services)............................................
2838        Modifications to the De Minimis Deposit Rule Under Section 6302.......................    1545-BE48
2839        Modification to the De Minimis Deposit Rule Under Section 6302 (Temporary)............    1545-BE49
2840        Regulations Under Section 263A Regarding Use of Simplified Service Cost Method and        1545-BE57
            Simplified Production Method..........................................................
2841        Application of the Federal Insurance Contributions Act, Federal Unemployment Tax Act,     1545-BE60
            and Collection of Income Tax at Source to Statutory Stock Options.....................
2842        Simplification Of Extension Process Under Section 6081................................    1545-BE62
2843        Simplification Of Extension Process Under Section 6081 (Temporary)....................    1545-BE63
2844        Deferred Compensation (Temporary).....................................................    1545-BE79
2845        Abandonment of Stock and Other Securities.............................................    1545-BE80
2846        Foreign Currency Contract Defined.....................................................    1545-BE82

[[Page 65046]]

 
2847        Foreign Currency Contract Defined (Temporary).........................................    1545-BE83
2848        Special Allocation of Basis in Connection With Adjustments and Determinations.........    1545-BE87
2849        Application of Section 338 to Insurance Companies.....................................    1545-BF02
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2850        Foreign Insurance Companies...........................................................    1545-AL82
2851        Fringe Benefit Sourcing Under Section 861.............................................    1545-AO72
2852        Guidance in Notice 89-37, Which Treats the Receipt of a Corporate Partner's Stock by      1545-AP52
            the Corporate Partner as a Circumvention of General Utilities Repeal..................
2853        Treatment of Dual Consolidated Losses.................................................    1545-AR26
2854        Financial Asset Securitization Investment Trust (FASIT) Start-Up; Operational and         1545-AU94
            Transitional Rules....................................................................
2855        Return of Levied Property in Certain Cases............................................    1545-AV01
2856        Capital Gain Guidance Relating to CRTs................................................    1545-AW35
2857        Cash or Deferred Arrangements.........................................................    1545-AX26
2858        Assumption of Partnership Liabilities.................................................    1545-AX93
2859        Withholding Tax on Foreign Partners' Share of Effectively Connected Income............    1545-AY28
2860        Guidance Under Section 355(e); Recognition of Gain on Certain Distributions of Stock      1545-AY42
            or Securities in Connection With an Acquisition.......................................
2861        Property Exempt From Levy.............................................................    1545-BA22
2862        Income From Sources Within Specified Possession.......................................    1545-BA37
2863        Carryback of Consolidated Net Operating Losses to Separate Return Years...............    1545-BA73
2864        Aggregate Computation and Allocation of Research Credit...............................    1545-BA88
2865        Designated IRS Officer or Employee....................................................    1545-BA89
2866        Distributions of Property.............................................................    1545-BB12
2867        Duplicative Tax Benefits..............................................................    1545-BB25
2868        Investment Adjustment Rules and Waiver of Loss Carryovers From SRLY Years--Amended....    1545-BB38
2869        Election Out Generation-Skipping Transfer Tax (GST) Deemed Allocations................    1545-BB54
2870        Installment Obligations...............................................................    1545-BB65
2871        Corporate Reorganizations: Continuity Transfers of Assets or Stock Following a            1545-BB80
            Reorganization........................................................................
2872        Deemed Corporate Election for Electing S Corporations.................................    1545-BC32
2873        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC38
            Group.................................................................................
2874        Substitute for Return (SFR) and Automated Substitute for Return (ASFR) (Temporary)....    1545-BC46
2875        Guarantee Fees Under Section 143(g)...................................................    1545-BC59
2876        Predeceased Parent Rule...............................................................    1545-BC60
2877        Section 179 Elections.................................................................    1545-BC69
2878        Real Estate Mortgage Investment Conduit (REMIC) Tetra Rules...........................    1545-BC71
2879        Treatment of Foreign Stapled Corporation..............................................    1545-BD05
2880        Treatment of Foreign Stapled Corporation (Temporary)..................................    1545-BD06
2881        Time and Manner of Making Section 163(d)(4)(B) Election To Treat Qualified Dividend       1545-BD16
            Income as Investment Income...........................................................
2882        Move and Update the Estimated Tax Regulations.........................................    1545-BD17
2883        Allocation and Apportionment of Deductions for Charitable Contributions (Temporary)...    1545-BD47
2884        Source of Compensation for Labor or Personal Services.................................    1545-BD62
2885        Guidance Under Section 79.............................................................    1545-BD85
2886        Information Returns by Donees Relating to Qualified Intellectual Property                 1545-BE12
            Contributions (Temporary).............................................................
2887        Aggregate Computation: Allocation of Research Credit II (Temporary)...................    1545-BE17
2888        Withholding Exemptions (Temporary)....................................................    1545-BE21
2889        Residence and Source Rules Involving U.S. Possessions (Temporary).....................    1545-BE22
2890        Dye Injection (Temporary).............................................................    1545-BE44
2891        Attained Age of Insured...............................................................    1545-BE53
2892        Regulations Under Section 263A Regarding Use at Simplified Service Cost Method and        1545-BE61
            Simplified Production Method (Temporary)..............................................
2893        LIFO Recapture Under Section 1363(d)..................................................    1545-BE75
----------------------------------------------------------------------------------------------------------------


[[Page 65047]]


                                   Office of Thrift Supervision--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2894        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Maintenance: Domestic         1550-AB98
            Capital Modifications.................................................................
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2895        Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord.............    1550-AB56
2896        12 CFR 506 Securities-Related Activities of Savings Associations......................    1550-AB92
2897        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1550-AB94
            Institutions and Creditors............................................................
2898        12 CFR 507 One-Year Post-Employment Restrictions for Senior Examiners.................    1550-AB99
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2899        Fair Credit Reporting Medical Information Regulations.................................    1550-AB88
2900        Fair Credit Reporting Affiliate Marketing Regulations.................................    1550-AB90
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2901        12 CFR 563e Community Reinvestment Act................................................    1550-AB48
2902        Special Rules for Adjudicatory Proceedings for Certain Holding Companies..............    1550-AB96
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2903        12 CFR 506 EGRPRA Regulatory Review--Application and Reporting Requirements...........    1550-AB93
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2390. 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC23

Agency Contact: Maria Bianchetta, Operations Officer, Department of the 
Treasury, Customs and Border Protection, Office of Field Operations, 
1300 Pennsylvania Avenue, NW., Washington, DC 20229
Phone: 202 344-2693

RIN: 1505-AB20
_______________________________________________________________________




2391. UNIFORM RULES OF ORIGIN

Priority: Substantive, Nonsignificant

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

[[Page 65048]]

CFR Citation: 19 CFR 102

Legal Deadline: None

Abstract: Amendment to set forth uniform rules for determining the 
country of origin of imported goods.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Daniel Cornette, Attorney, Special Classification and 
Marking Branch, Department of the Treasury, Office of Regulations and 
Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8731

RIN: 1505-AB49
_______________________________________________________________________




2392. REVISION OF OUTBOUND REDELIVERY PROCEDURES AND LIABILITIES

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 113

Legal Deadline: None

Abstract: Amendment of the condition in an international carrier bond 
regarding the unlawful disposition of merchandise in order to allow CBP 
to better control the exportation of merchandise and to have more 
control over demands for redelivery. Conditions of the bond would be 
amended to no longer require the merchandise to be labeled as seized 
and detained for the principal to be required to obtain permission from 
CBP prior to placing the merchandise on board a conveyance for export 
or otherwise disposing of the merchandise. Instead of the condition 
being applicable when CBP labels merchandise, the condition would be 
applicable when CBP notifies the principal either in writing or 
electronically that the merchandise has been seized or detained.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Shoupe, Operations Officer, Department of the 
Treasury, Customs and Border Protection, Office of Field Operations, 
1300 Pennsylvania Avenue NW, Washington, DC 20229
Phone: 202 344-3251

RIN: 1505-AB52
_______________________________________________________________________




2393. CENTRALIZATION OF THE CONTINUOUS BOND PROGRAM AT THE CBP NATIONAL 
FINANCE CENTER

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

Legal Authority: 19 USC 1623

CFR Citation: 19 CFR 101; 19 CFR 113

Legal Deadline: None

Abstract: Amendment to reflect CBP's planned centralization of the 
continuous bond program at the National Finance Center (NFC). Pursuant 
to this centralization, all continuous bonds would be filed at the NFC 
via mail, fax, or in an electronic format. The NFC would assume most of 
the bond functions previously performed at the port level, with the 
noted exception that the authority to approve single transaction bonds 
will remain with port directors. These changes would support CBP's bond 
program by ensuring an efficient and uniform approach to the approval, 
maintenance, and periodic review of continuous bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bruce Ingalls, Chief, Collection Section, Department of 
the Treasury, Office of Finance, Indianapolis, IN 46278
Phone: 317 298-1307

RIN: 1505-AB54
_______________________________________________________________________




2394. [bull] NAFTA: POST-ENTRY CLAIMS AND MERCHANDISE PROCESSING FEE 
EXEMPTION

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: Currently, CBP regulations do not limit the time that an 
importer has to file a post-entry claim for tariff preference level 
(TPL) treatment under the North American Free Trade Agreement (NAFTA) 
Implementation Act. This amendment would limit the filing of post-entry 
TPL claims to one year, the same amount of time allowed for post-entry 
claims for NAFTA ``originating merchandise.'' This amendment also 
clarifies that for an importer to claim the exemption of the 
merchandise processing fee for goods that meet a NAFTA rule of origin 
even when the goods are unconditionally free, the importer is subject 
to the same declaration requirement that is established for claiming 
NAFTA duty preference. Lastly, the amendment clarifies that a 
Certificate of Origin is not required for a commercial importation for 
which the total value of originating goods does not exceed $2,500.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Seth Mazze, CBP Officer, Office of Field Operations, 
Department of the Treasury, Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue, NW, Washington, DC 20229
Phone: 202 344-2634

RIN: 1505-AB58

[[Page 65049]]

_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2395. 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 Action                    01/00/06

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
_______________________________________________________________________




2396. 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 Bureau of Customs and Border Protection 
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                    12/00/05

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

RIN: 1505-AB21
_______________________________________________________________________




2397. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 197; 19 USC 198; 19 USC 58a to 58c; 
19 USC 66; 19 USC 1202; 19 USC 1450; 19 USC 1624; 31 USC 9701

CFR Citation: 19 CFR 24

Legal Deadline: None

Abstract: Amendment to expand the number of ways that the Bureau of 
Customs and Border Protection will accept payment of duties, taxes, 
fees, interest, and other charges. Currently, the regulations allow for 
credit or charge cards, which have been authorized by the Commissioner 
of the Bureau of Customs and Border Protection (Commissioner), to be 
used at designated customs-serviced locations with a limitation that 
this method of payment may only be used by noncommercial entities. 
Amendment allows credit and charge cards authorized by the Commissioner 
of CBP to be used for payment of duties, taxes, fees, interest, and 
other charges not related to formal consumption entries for consumption 
in United States commerce, warehouse withdrawals or quarterly user fees 
and by removing the limitation that these methods of payment may only 
be used for noncommercial entries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/17/99                    64 FR 13141
NPRM Comment Period End         05/17/99
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC40

Agency Contact: Linda Lloyd, Financial Officer, Financial Policy 
Division, Department of the Treasury, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1565

RIN: 1505-AB22
_______________________________________________________________________




2398. USER AND NAVIGATION FEES; OTHER REIMBURSABLE CHARGES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 
19 USC 1431; 19 USC 1433; 19 USC 1434; 19 USC 1505; 19 USC 1624; 31 USC 
9701; 46 USC 2110 to 2112

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

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/01/01                    66 FR 21705
NPRM Comment Period End         07/02/01
Final Action                    01/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC63

[[Page 65050]]

Agency Contact: Peter Flores, Department of the Treasury, Office of 
Field Operations, 1300 Pennsylvania Avenue, NW, Washington, DC 20229
Phone: 202 344-3127

RIN: 1505-AB24
_______________________________________________________________________




2399. AFRICAN GROWTH AND OPPORTUNITY ACT AND GENERALIZED SYSTEM OF 
PREFERENCES

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10; 19 CFR 163

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

Abstract: Amendments to implement the trade benefit provisions for sub-
Saharan Africa contained in title I of the Trade and Development Act of 
2000. The trade benefits under title I, also referred to as the African 
Growth and Opportunity Act, apply to sub-Saharan African countries 
designated by the President and involve the extension of duty-free 
treatment under the Generalized System of Preferences (GSP) to 
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              10/05/00                    65 FR 59668
Interim Final Rule Effective    10/01/00
Interim Final Rule Comment 
Period End                      12/04/00
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC72

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

RIN: 1505-AB26
_______________________________________________________________________




2400. UNITED STATES-CARIBBEAN BASIN TRADE PARTNERSHIP ACT AND CARIBBEAN 
BASIN INITIATIVE

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 10; 19 CFR 163

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC76

Agency Contact: 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
_______________________________________________________________________




2401. 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                    01/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC77

Agency Contact: Bruce Ingalls, Chief, Collection Section, Department of 
the Treasury, Office of Finance, Indianapolis, IN 46278
Phone: 317 298-1307

RIN: 1505-AB29
_______________________________________________________________________




2402. DOG AND CAT PROTECTION ACT

Priority: Substantive, Nonsignificant

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

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

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

Abstract: Amendment to implement certain provisions of the Dog and Cat 
Protection Act of 2000. The Dog and Cat Protection Act of 2000 
prohibits the importation of any products containing dog or cat fur, 
and provides for civil and criminal penalties for violations of the 
Act. Amendment sets forth the prohibitions on dog and cat fur 
importations and the penalties for violations. Amendment also 
implements the provision of the Act pertaining to CBP's certification 
process of commercial laboratories, both domestic and foreign, that can

[[Page 65051]]

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                    02/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC87

Agency Contact: Alan Cohen, Attorney-Advisor, Penalties Branch, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8742

Luan Cotter, Operations Officer, Department of the Treasury, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-2874

Renee Stevens, Science Officer, Department of the Treasury, Office of 
Laboratories and Scientific Services, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 703 621-7714

Jeremy Baskin, Special Assistant, Office of the Assistant Commisisoner, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8753

RIN: 1505-AB31
_______________________________________________________________________




2403. SINGLE ENTRY FOR UNASSEMBLED OR DISASSEMBLED ENTITIES IMPORTED ON 
MULTIPLE CONVEYANCES

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 141; 19 CFR 142

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/08/02                    67 FR 16664
NPRM Comment Period End         06/07/02
Final Action                    11/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC94

Agency Contact: Timothy Sushil, Operations Officer, Department of the 
Treasury, Customs and Border Protection, Office of Field Operations, 
1300 Pennsylvania Avenue, NW., Washington, DC 20229
Phone: 202 344-2567

RIN: 1505-AB34
_______________________________________________________________________




2404. 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                    11/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD19

Agency Contact: 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: 202 344-1959

RIN: 1505-AB37
_______________________________________________________________________




2405. 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 and Border 
Protection 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

[[Page 65052]]

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                    12/00/05

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: 202 344-1959

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
_______________________________________________________________________




2406. 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 and section 
2004(f) of the Miscellaneous Trade and Technical Corrections Act of 
2004. 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. Section 2004(f) amends the user fee statute to authorize, 
for merchandise that is formally entered at these sites, the 
reimbursement of merchandise processing fees provided for in 19 U.S.C. 
58c(a)(9) in addition to the existing reimbursement of $.66 per 
individual airway bill or bill of lading. 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              12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD21

Agency Contact: Michael L. Jackson, Operations Officer, Department of 
the Treasury, Customs and Border Protection, Office of Field 
Operations, 1300 Pennsylvania Avenue NW, Washington, DC 20229
Phone: 202 344-1196

RIN: 1505-AB39
_______________________________________________________________________




2407. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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: 202 344-1959

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
_______________________________________________________________________




2408. UNITED STATES--CHILE FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 3805 note; 19 USC 1202; 19 USC 66; 19 USC 1624; 
. . .

CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . .

Legal Deadline: Final, Statutory, January 1, 2005, United States-Chile 
Free Trade Agreement Implementation Act.

Abstract: Amendment to implement the preferential tariff treatment and 
other customs-related provisions of the Free Trade Agreement entered 
into by

[[Page 65053]]

the United States and the Republic of Chile.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/07/05                    70 FR 10868
Interim Final Rule Comment 
Period End                      06/06/05
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1959

RIN: 1505-AB47
_______________________________________________________________________




2409. UNITED STATES--SINGAPORE FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 3805 note; 19 USC 1202; 19 USC 66; 19 USC 1624; 
. . .

CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . .

Legal Deadline: Final, Statutory, January 1, 2005, U.S.-Singapore Free 
Trade Agreement Implementation Act.

Abstract: Amendment to implement the preferential tariff treatment and 
other customs-related provisions of the Free Trade Agreement entered 
into by the United States and the Republic of Singapore.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1959

RIN: 1505-AB48
_______________________________________________________________________




2410. RECORDATION OF COPYRIGHTS AND ENFORCEMENT PROCEDURES TO PREVENT 
IMPORTATION OF PIRATICAL ARTICLES

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1124; 15 USC 1125; 17 USC 101; 17 USC 106; 17 
USC 501; 19 USC 66; 19 USC 1499; 19 USC 1595a; 17 USC 1201(b); 18 USC 
2319A; . . .

CFR Citation: 19 CFR 133

Legal Deadline: None

Abstract: This amendment will allow CBP to be more responsive to claims 
of piracy. Amendment would allow sound recordings and motion pictures 
or similar audio-visual works to be recorded with CBP while pending 
registration with the U.S. Copyright Office. Amendment would also 
enhance the protection of all non-U.S. works by allowing recordation 
without requiring registration with the U.S. Copyright Office. 
Amendment would also set forth changes to CBP's enforcement procedures, 
including, among other things, enhanced disclosure provisions, 
protection for live musical performances and provisions to enforce the 
Digital Millennium Copyright Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/05/04                    69 FR 59562
NPRM Comment Period End         11/04/04
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Paul Pizzeck, Attorney, Intellectual Property Rights 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8710

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-AB51
_______________________________________________________________________




2411. CONDITIONAL RELEASE PERIOD AND CUSTOMS BOND OBLIGATIONS FOR FOOD, 
DRUGS, DEVICES, AND COSMETICS

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 141; 19 CFR 151

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/07/02                    67 FR 39322
NPRM Comment Period End         08/06/02
Final Action                    11/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD05; 1651-AA39.

Agency Contact: Jeremy Baskin, Special Assistant, Office of the 
Assistant Commisisoner, Department of the Treasury, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 572-8753

RIN: 1505-AB57
_______________________________________________________________________




2412. [bull] COUNTRY OF ORIGIN OF TEXTILE AND APPAREL PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 
3314; 19 USC 3592

CFR Citation: 19 CFR 12; 19 CFR 102; 19 CFR 141; 19 CFR 144; 19 CFR 
146; 19 CFR 163

[[Page 65054]]

Legal Deadline: None

Abstract: Amendment of the CBP regulations to update, restructure and 
consolidate the regulations relating to the country of origin of 
textile and apparel products. Amendments reflect changes brought about, 
in part, by the expiration on January 1, 2005, of the Agreement on 
Textiles and Clothing and the resulting elimination of quotas on the 
entry of textile and apparel products from World Trade Organization 
members. The primary regulatory change is the elimination of the 
requirement that a textile declaration be submitted for all 
importations of textile and apparel products. In addition, to improve 
the quality of reporting of the manufacturer of imported textiles and 
apparel products, the amendments include a requirement that importers 
identify the manufacturer of such products through a manufacturer 
identification code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/05/05                    70 FR 58009
Interim Final Rule Comment 
Period End                      12/05/05
Final Action                    03/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia Reese, Senior Attorney, Department of the 
Treasury, 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: 202 344-1959

RIN: 1505-AB60
_______________________________________________________________________




2413. [bull] EXTENSION OF IMPORT RESTRICTIONS IMPOSED ON CERTAIN 
CATEGORIES OF ARCHAEOLOGICAL MATERIAL IMPORTED FROM THE PRE-HISPANIC 
CULTURES OF THE REPUBLIC OF NICARAGUA

Priority: Substantive, Nonsignificant

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

CFR Citation: 19 CFR 12

Legal Deadline: None

Abstract: Amendment to reflect the extension for an additional five 
years of the import restrictions on certain categories of 
archaeological material from the Pre-Hispanic cultures of the Republic 
of Nicaragua that were imposed in 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Michael Craig, Chief, Other Government Agency Branch, Department of the 
Treasury, Trade Compliance and Facilitation, Office of Field 
Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1684

RIN: 1505-AB61
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Departmental Offices (DO)



_______________________________________________________________________




2414. 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: Donna Felmlee
Phone: 202 622-1808

RIN: 1505-AA74
_______________________________________________________________________




2415. 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
_______________________________________________________________________




2416. FINANCIAL SUBSIDIARIES

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AA81
_______________________________________________________________________




2417. 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

[[Page 65055]]

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
_______________________________________________________________________




2418. 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
_______________________________________________________________________




2419. TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL SHARE OF 
COMPENSATION FOR INSURED LOSSES

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

CFR Citation: 31 CFR 50

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Howard Leikin
Phone: 202 622-6770

RIN: 1505-AB10
_______________________________________________________________________




2420. HARBOR MAINTENANCE FEE

Priority: Substantive, Nonsignificant

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson
Phone: 317 298-1200

RIN: 1505-AB11
_______________________________________________________________________




2421. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 24

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/08/92                      57 FR 607
Interim Final Rule Effective    01/08/92
Interim Final Rule Comment 
Period End                      03/09/92
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson
Phone: 317 298-1200

RIN: 1505-AB12
_______________________________________________________________________




2422. RECONCILIATION

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 142; 19 CFR 159

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John Leonard
Phone: 202 344-2687

RIN: 1505-AB16
_______________________________________________________________________




2423. NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)--IMPLEMENTATION OF 
DUTY-DEFERRAL PROGRAM PROVISIONS

Priority: Substantive, Nonsignificant

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

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                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Shawn Filion
Phone: 716 551-3053

RIN: 1505-AB17

[[Page 65056]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Departmental Offices (DO)



_______________________________________________________________________




2424. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: EXEMPTION 
FOR HOLDINGS SUBJECT TO FIDUCIARY STANDARDS

Priority: Substantive, Nonsignificant

CFR Citation: 17 CFR 450.3

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/23/05                    70 FR 29445
Final Action Effective          05/23/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lori Santamorena
Phone: 202 504-3632
Fax: 202 504-3635
Email: [email protected]

Lee Grandy
Phone: 202 504-3632
Fax: 202 504-3635
Email: [email protected]

Kevin Hawkins
Phone: 202 504-3632
Fax: 202 504-3635
Email: [email protected]

RIN: 1505-AB06
_______________________________________________________________________




2425. TERRORISM RISK INSURANCE PROGRAM; ADDITIONAL CLAIMS ISSUES

Priority: Other Significant

CFR Citation: 31 CFR 50

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/14/05                    70 FR 34348

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Howard Leikin
Phone: 202 622-6770

RIN: 1505-AB09
_______________________________________________________________________




2426. EXPANDED WEEKLY ENTRY PROCEDURE FOR FOREIGN TRADE ZONES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 146

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       06/07/05                    70 FR 33046

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Debbie Scott
Phone: 202 344-1962

RIN: 1505-AB27
_______________________________________________________________________




2427. TARIFF TREATMENT RELATED TO DISASSEMBLY OPERATIONS UNDER THE NORTH 
AMERICAN FREE TRADE AGREEMENT (NAFTA)

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 181

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/30/05                    70 FR 37669
Final Action Effective          08/01/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Shari Suzuki
Phone: 202 572-8818

RIN: 1505-AB41
_______________________________________________________________________




2428. FEDERAL BENEFIT PAYMENTS UNDER CERTAIN DISTRICT OF COLUMBIA 
RETIREMENT PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 29

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/13/05                    70 FR 19366
Final Rule                      10/14/05                    70 FR 60003
Final Action Effective          10/14/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Elizabeth Cuffe
Phone: 202 622-1682

RIN: 1505-AB55
BILLING CODE 4810--02--S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2429. 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 pawnbrokers 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                           06/00/06

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

[[Page 65057]]

_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2430. 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                            06/00/06

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
_______________________________________________________________________




2431. 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                            06/00/06

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
_______________________________________________________________________




2432. 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                            06/00/06

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
_______________________________________________________________________




2433. 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                            06/00/06

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
_______________________________________________________________________




2434. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR TRAVEL AGENCIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for travel agencies, as defined 
in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA69

[[Page 65058]]

_______________________________________________________________________




2435. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR LOAN AND FINANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for loan and finance companies, 
as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA73
_______________________________________________________________________




2436. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR PERSONS INVOLVED IN REAL ESTATE CLOSINGS AND 
SETTLEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for persons involved in real 
estate closings and settlements, as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA79
_______________________________________________________________________




2437. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR BUSINESSES ENGAGED IN VEHICLE SALES, INCLUDING 
AUTOMOBILES, AIRPLANE, AND BOAT SALES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for businesses engaged in vehicle 
sales, including automobile, airplane, and boat sales, as defined in 
the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA80
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2438. 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                    06/00/06

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
_______________________________________________________________________




2439. 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

[[Page 65059]]

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                    06/00/06

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
_______________________________________________________________________




2440. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT 
NONFINANCIAL TRADES OR BUSINESSES REPORT CERTAIN CURRENCY TRANSACTIONS

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 103.30

Legal Deadline: Final, Statutory, April 26, 2002, Interim final rule 
published December 31, 2001.

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                    06/00/06

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
_______________________________________________________________________




2441. 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, Public Law 107-56, sec 
312.

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                    12/00/05

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
_______________________________________________________________________




2442. 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

Legal Deadline: Final, Statutory, October 25, 2002, Public Law 107-56, 
sec 352.

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                    06/00/06

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
_______________________________________________________________________




2443. 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

[[Page 65060]]

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                    12/00/05

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
_______________________________________________________________________




2444. 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                    06/00/06

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
_______________________________________________________________________




2445. 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                    06/00/06

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
_______________________________________________________________________




2446. 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                    06/00/06

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
_______________________________________________________________________




2447. IMPOSITION OF SPECIAL MEASURES AGAINST THE COMMERCIAL BANK OF 
SYRIA AS A FINANCIAL INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.188

Legal Deadline: None

Abstract: This document will prohibit certain U.S. financial 
institutions from maintaining correspondent or payable-through accounts 
in the United States for, or on behalf of, a foreign bank determined to 
be of primary money laundering concern.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/18/04                    69 FR 28098
NPRM Comment Period End         06/17/04
Final Action                    06/00/06

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-AA64

[[Page 65061]]

_______________________________________________________________________




2448. IMPOSITION OF SPECIAL MEASURE AGAINST FIRST MERCHANT BANK OSH LTD, 
INCL. ITS SUBSIDIARIES, FMB FINANCE LTD, FIRST MERCHANT INTERNATIONAL 
INC, FIRST MERCHANT FINANCE LTD, AND FIRST MERCHANT TRUST LTD

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

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.189

Legal Deadline: None

Abstract: This document will prohibit certain U.S. financial 
institutions from maintaining correspondent or payable-through accounts 
in the United States for, or on behalf of, a foreign bank determined to 
be of primary money laundering concern.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/04                    69 FR 51979
NPRM Comment Period End         09/23/04
Final Action                    06/00/06

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-AA65
_______________________________________________________________________




2449. IMPOSITION OF SPECIAL MEASURE AGAINST INFOBANK AS A FINANCIAL 
INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.190

Legal Deadline: None

Abstract: This document will prohibit certain U.S. financial 
institutions from maintaining correspondent or payable-through accounts 
in the United States for, or on behalf of, a foreign financial 
institution determined to be of primary money laundering concern.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/04                    69 FR 51973
NPRM Comment Period End         09/23/04
Final Action                    06/00/06

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-AA67
_______________________________________________________________________




2450. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR MUTUAL FUNDS

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

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for mutual funds, as defined in 
the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/29/02                    67 FR 21117
Final Action                    06/00/06

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA68
_______________________________________________________________________




2451. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for insurance companies, as 
defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/26/02                    67 FR 60625
NPRM Comment Period End         11/25/02
Final Action                    12/00/05

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA70
_______________________________________________________________________




2452. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR INVESTMENT ADVISORS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for investment advisors, as 
defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/03                    68 FR 23646
NPRM Comment Period End         07/07/03
Final Action                    06/00/06

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

[[Page 65062]]

Phone: 703 905-3590
Fax: 703 905-3735

Related RIN: Split from 1506-AA28
RIN: 1506-AA71
_______________________________________________________________________




2453. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR FINANCIAL INSTITUTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/06/02                    67 FR 67547
Final Action                    06/00/06

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA72
_______________________________________________________________________




2454. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR MONEY SERVICES BUSINESSES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for money services businesses, as 
defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/29/02                    67 FR 21114
Final Action                    06/00/06

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA74
_______________________________________________________________________




2455. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR COMMODITY TRADING ADVISORS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for commodity trading advisors, 
as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/03                    68 FR 23640
NPRM Comment Period End         07/07/03
Final Action                    06/00/06

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA75
_______________________________________________________________________




2456. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR OPERATORS OF A CREDIT CARD SYSTEM

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for operators of a credit card 
system, as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/29/02                    67 FR 21121
Final Action                    12/00/05

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA76
_______________________________________________________________________




2457. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR UNREGISTERED INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for unregistered investment 
companies, as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/26/02                    67 FR 60617
NPRM Comment Period End         11/25/02
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

[[Page 65063]]

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

Related RIN: Split from 1506-AA28, Previously reported as 1506-AA57
RIN: 1506-AA77
_______________________________________________________________________




2458. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR DEALERS IN PRECIOUS METALS, STONES, OR JEWELS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

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

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

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for dealers in precious metals, 
stones, or jewels, as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/21/03                     68 FR 8480
Interim Final Rule              06/09/05                    70 FR 33702
Interim Final Rule Comment 
Period End                      05/07/05
Final Action                    06/00/06

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

Related RIN: Split from 1506-AA28
RIN: 1506-AA78
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2459. 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
BILLING CODE 4810--35--S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2460. 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 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. The 
NPRM is on hold pending implementation of the Expanded Check Forgery 
Insurance Fund Legislation (CFIF) and the Treasury Check Information 
System (TCIS).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

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
_______________________________________________________________________




2461. 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

[[Page 65064]]

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
NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Vivian Cooper, 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
_______________________________________________________________________




2462. [bull] FOREIGN EXCHANGE OPERATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 9701; 31 USC 3342

CFR Citation: 31 CFR 281

Legal Deadline: None

Abstract: The Financial Management Service is proposing to amend 31 CFR 
Part 281 (Foreign Exchange Operations) in order to establish currency 
conversion fees for electronic Federal payments disbursed to overseas 
recipients via the Federal Reserve Banks' FedACH International service. 
To deliver a payment through FedACH International to a bank account 
maintained by an individual or business in a foreign country, it is 
necessary first to convert the payment from U.S. dollars to the local 
currency. FMS does not generally provide currency conversion services 
when disbursing payments, and is proposing to recoup the cost of this 
special service from payment recipients.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Natalie H. Diana, Senior Attorney, Department of the 
Treasury, Financial Management Service, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6680
Fax: 202 874-6627
Email: [email protected]

RIN: 1510-AB03
_______________________________________________________________________




2463. [bull] WITHHOLDING OF DISTRICT OF COLUMBIA, STATE, CITY, AND 
COUNTY INCOME OR EMPLOYMENT TAXES BY FEDERAL AGENCIES

Priority: Info./Admin./Other

Legal Authority: 5 USC 5516; 5 USC 5517; 5 USC 5520; EO 11997

CFR Citation: 31 CFR 215

Legal Deadline: None

Abstract: This regulatory action revises the name and address of the 
office within the Department of the Treasury (Treasury) which will 
correspond with government entities requesting a tax withholding 
agreement with Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marc Seldin, Senior Attorney, Department of the 
Treasury, Financial Management Service, 401 14th Street, SW.,, 
Washington, DC 20227
Phone: 202 874-6863
Fax: 202 874-6627
Email: [email protected]

RIN: 1510-AB06
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2464. 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              04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

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

[[Page 65065]]

_______________________________________________________________________




2465. FEDERAL GOVERNMENT PARTICIPATION IN THE ACH

Priority: Substantive, Nonsignificant

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

CFR Citation: 31 CFR 210

Legal Deadline: None

Abstract: FMS reviews the private sector ACH operating rules on a 
yearly basis and adopts, changes, or declines each rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Matthew R. Friend, Acting Director, Settlement Services 
Division, Department of the Treasury, Financial Management Service, 401 
14th Street SW., Washington, DC 20227
Phone: 202 874-1251
Fax: 202 874-8644
Email: [email protected]

RIN: 1510-AB00
_______________________________________________________________________




2466. 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; 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 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Laura Carrico, Acting Director, Investment Management 
Division, Department of the Treasury, Financial Management Service, 401 
14th Street SW., Washington, DC 20227
Phone: 202 874-7119
Email: [email protected]

RIN: 1510-AB01
_______________________________________________________________________




2467. [bull] FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING 
HOUSE

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 321

CFR Citation: 31 CFR 210

Legal Deadline: None

Abstract: The Financial Management Service is promulgating an interim 
final rule to amend 31 CFR Part 210 (Federal Government Participation 
in the Automated Clearing House) in order to address changes to the 
Automated Clearing House (ACH) rules that have been adopted during the 
past two years. The interim rule will incorporate in 31 CFR Part 210 
certain operational and technical changes to the ACH rules. The interim 
final rule will become effective 60 days after publication in the 
Federal Register. There is a 60-day comment period on the rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Natalie H. Diana, Senior Attorney, Department of the 
Treasury, Financial Management Service, 401 14th Street SW., 
Washington, DC 20227
Phone: 202 874-6680
Fax: 202 874-6627
Email: [email protected]

RIN: 1510-AB04
_______________________________________________________________________




2468. [bull] OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND 
FEDERAL BENEFIT PAYMENTS) TO COLLECT PAST-DUE, LEGALLY ENFORCEABLE 
NONTAX DEBT - GRANT PAYMENTS AMENDMENT.

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 3716

CFR Citation: 31 CFR 285.5

Legal Deadline: None

Abstract: The Debt Collection Improvement Act of 1996, Public Law 
1040134 (April 26, 1996) authorized the offset of Federal payments by 
disbursing officials of the United States to collect nontax debt owed 
the United States. 31 CFR 285.5 contains rules for conducting these 
offsets. This rule will provide additional parameters relating to the 
offset of Federal grant payments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

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-AB05

[[Page 65066]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Financial Management Service (FMS)



_______________________________________________________________________




2469. SALARY OFFSET

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.7

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/03/05                    70 FR 22797

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-AA70
_______________________________________________________________________




2470. ADMINISTRATIVE WAGE GARNISHMENT CLARIFICATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.11

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       07/25/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State

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

Related RIN: Related to 1510-AA67
RIN: 1510-AB02
BILLING CODE 4810--31--S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2471. PROPOSED REVISIONS TO THE BEER REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5021 to 5056; 26 USC 5061 to 5064; 26 USC 5091 
to 5093; 26 USC 5111 to 5114; 26 USC 5121 to 5123; 26 USC 5401 to 5403; 
26 USC 5411 to 5418; . . .

CFR Citation: 27 CFR 25

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau proposes to 
revise brewery regulations to reduce the regulatory burden and 
streamline regulatory requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: RaMona Hupp, Writer-Editor, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street 
NW., Washington, DC 20220
Phone: 202 927-2166
Fax: 202 927-8525
Email: [email protected]

Related RIN: Related to 1513-AA12
RIN: 1513-AB05
_______________________________________________________________________




2472. [bull] USE OF THE WORD ``PURE'' OR ITS VARIANTS IN THE LABELING 
AND ADVERTISING OF ALCOHOL BEVERAGES.

Priority: Other Significant

Legal Authority: 27 U.S.C. 205

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

Legal Deadline: None

Abstract: TTB is considering amending the regulations concerning the 
use of the word ``pure'' or its variants in the labeling and 
advertising of alcohol beverages. We wish to gather information by 
inviting comments from the public and industry as to whether the 
existing regulations should be revised.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AB16
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2473. DENATURED SPIRITS, ARTICLES, AND NONBEVERAGE PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 19; 27 CFR 20; 27 CFR 27; 27 CFR 28

Legal Deadline: None

Abstract: Modernizes and clarifies regulations relating to the 
following activities: 1) Manufacture of articles made with specially 
denatured alcohol (SDA); 2) exportation of SDA and articles made with 
SDA; and 3) importation of denatured spirits, fuel alcohol, articles 
made with SDA, and nonbeverage alcoholic products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05
NPRM Comment Period End         12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, TTB Specialist, Department of the 
Treasury,

[[Page 65067]]

Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street 
NW., Washington, DC 20220
Phone: 202 927-9210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB03
_______________________________________________________________________




2474. LABELING AND ADVERTISING OF WINES, DISTILLED SPIRITS, AND MALT 
BEVERAGES

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

Legal Authority: 27 USC 205

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

Legal Deadline: None

Abstract: TTB requests public comment on possible changes to the 
labeling and advertising requirements of alcohol beverage products 
regulated by TTB. TTB has long required certain labeling, such as brand 
name, class and type, alcohol content (in the case of wines containing 
more than 14 percent alcohol by volume and distilled spirits), net 
contents, and in recent years has published updated standards for the 
use of carbohydrate and calorie claims. Because of petitions to mandate 
additional information, including ingredient, allergen, alcohol, 
calorie, and carbohydrate content and requests by some to use labels 
with at least some of that additional information on a voluntary basis 
under existing rules, TTB believes it is now appropriate to consider 
revising the alcohol beverage labeling and advertising regulations, and 
seeks public comment on several issues to assist TTB in formulating 
specific regulatory proposals.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           04/29/05                    70 FR 22274
Comment Period Extended         06/23/05                    70 FR 36359
ANPRM Comment Period End        09/26/05
NPRM                            06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, 
Morganza, MD 10660
Phone: 301 290-1460
Fax: 301 290-1463
Email: [email protected]

RIN: 1513-AB07
_______________________________________________________________________




2475. ALLERGEN INGREDIENT LABELING FOR ALCOHOL BEVERAGES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 4.32; 27 CFR 5.32; 27 CFR 7.22

Legal Deadline: None

Abstract: Pursuant to the House Committee Report accompanying the Food 
Allergen Labeling and Consumer Protection Act of 2004 (Pub. L. 108-
282), TTB will consider how to appropriately apply allergen labeling to 
beverage alcohol products. We will consider how allergen labeling for 
these products will operate within our existing labeling regulations 
and with FDA regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           04/29/05                    70 FR 22274
ANPRM Comment Period End        09/26/05
NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jessica M. Bungard, Management Analyst, Department of 
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 
1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

Related RIN: Related to 1513-AB07
RIN: 1513-AB08
_______________________________________________________________________




2476. ALTERNATING BREWERY PROPRIETORS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5051; 26 USC 5401

CFR Citation: 27 CFR 25

Legal Deadline: None

Abstract: TTB is establishing guidelines for the establishment of 
alternating proprietors at brewery premises. These guidelines will 
provide standards for the establishment of an alternating 
proprietorship at a brewery premises, and will provide guidelines for 
the operations of these premises by separate established brewers. These 
will give guidance on operations, taxpayment, recordkeeping, reporting, 
and segregation of products made by separate brewers. TTB will first 
issue interpretative guidelines in the form of an industry memorandum 
or industry circular prior to proposing regulations on the subject.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Charles N. Bacon, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 5056, 
Beverly Farms, MA 01915
Phone: 978 921-1840
Fax: 978 921-1840
Email: [email protected]

RIN: 1513-AB09
_______________________________________________________________________




2477. [bull] PETITION TO ESTABLISH THE OUTER COASTAL PLAIN AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing to establish the Outer 
Coastal Plain viticultural area in southeast New Jersey. The 2,255,400-
acre area includes all of Cape May, Atlantic, Ocean, and Cumberland 
Counties and portions of Salem, Gloucester, Camden, Burlington, and 
Monmouth Counties. Currently, the area has 1,227 vineyard acres.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda W. Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., 
Suite 200E, Washington, DC 20220

[[Page 65068]]

Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB13
_______________________________________________________________________




2478. [bull] PETITION TO ESTABLISH THE RATTLESNAKE HILLS AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 68,500-acre Rattlesnake Hills viticultural area 
is located in the south, central region of Washington State. 
Distinguishing features include topography, soils, and climate. There 
are currently 1,227 acres of vineyards in commercial production.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Suite 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB14
_______________________________________________________________________




2479. [bull] PETITION TO ESTABLISH THE SADDLE ROCK-MALIBU AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 U.S.C. 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 2,090-acre Saddle Rock-Malibu viticultural area 
is in Malibu County in southern California. The distinguishing features 
include high elevations, and its location and orientation within the 
Santa Monica Mountains that limit its marine layer exposure. As 
compared to some of the neighboring areas with more marine influence, 
the Saddle Rock-Malibu area receives more solar radiation and heat 
during the growing season.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Suite 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB15



_______________________________________________________________________



Administrative/Procedures


                    ________________________________



2480. AVAILABILITY OF INFORMATION

Priority: Info./Admin./Other

Legal Authority: 26 USC 6103; 5 USC 552; 5 USC 552(a); 26 USC 301; 26 
USC 7805

CFR Citation: 70.701(d)

Legal Deadline: None

Abstract: TTB is revising and consolidating in one new part of its 
regulations all regulatory provisions that deal with the availability 
of information. This new part will include rules regarding the 
disclosure of information pursuant to the Freedom of Information Act 
and the Privacy Act of 1974 and in connection with litigation or other 
legal proceedings. TTB is also revising 27 CFR 70.701(d) to change the 
publication of the TTB Bulletin. Rather than publishing our bulletin 
quarterly in print form, we are changing it to be published as a 
monthly online bulletin. All content of the bulletin as currently 
prescribed by regulation will remain the same.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jessica Bungard, Management Analyst, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA98



_______________________________________________________________________



FIREARMS


                    ________________________________



2481. [bull] FIREARMS AND AMMUNITION EXCISE TAXES, CONSIGNMENT SALES OF 
IMPORTED ARTICLES

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

Legal Authority: 26 USC 4181; 26 USC 4182; 26 USC 4216-4219; 26 USC 
4221-4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020; 26 USC 
6021; 26 USC 6061; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 6101-
6104; 26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26 USC 6301-
6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 26 USC 7502; 
26 USC 7805

CFR Citation: 27 CFR 53.121

Legal Deadline: None

Abstract: TTB is amending the regulations relating to the payment of 
excise taxes on firearms and ammunition. The proposed amendment will 
clarify the tax liability of a domestic consignee who sells imported 
firearms or ammunition on behalf of a resident of a foreign country.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 65069]]

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Karl O. Joedicke, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., 
Suite 200E, Washington, DC 20220
Phone: 202 927-7460
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB12
_______________________________________________________________________




2482. EXPORTATION OF LIQUORS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 28

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/08/92                    57 FR 40887
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   10/15/92                    57 FR 47320
ANPRM Comment Period Extended 
End                             12/07/92
ANPRM                           08/09/96                    61 FR 41500
ANPRM Comment Period End        12/10/96
NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AA98

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

RIN: 1513-AA00
_______________________________________________________________________




2483. 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                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC22

Agency Contact: Amy J. Rogers, Management Analyst, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA16
_______________________________________________________________________




2484. PROPOSED REVISIONS TO THE DISTILLED SPIRITS PLANT REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 19

Legal Deadline: None

Abstract: TTB is proposing to amend the distilled spirits plant 
regulations in 27 CFR part 19. Many of these proposed revisions are the 
result of a petition submitted by the Distilled Spirits Council of the 
United States (DISCUS). Other proposed revisions are a result of TTB's 
own comprehensive review of the regulations in 27 CFR part 19. TTB 
believes that the amendments proposed in this notice will benefit the 
distilled spirits industry by modernizing many of the requirements for 
operating distilled spirits plants and thereby allow proprietors to 
operate in a more efficient manner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC52

Agency Contact: Daniel J. Hiland, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA23
_______________________________________________________________________




2485. 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 (Customs). Customs 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

[[Page 65070]]

class 9 customs bonded warehouse. This notice of proposed rulemaking 
invites comments on the temporary rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

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, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA26
_______________________________________________________________________




2486. 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                            12/00/05

Regulatory Flexibility Analysis Required: No

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, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA27
_______________________________________________________________________




2487. TAX-PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT 
FOR BEVERAGE USE

Priority: Substantive, Nonsignificant

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

CFR Citation: 27 CFR 17

Legal Deadline: None

Abstract: TTB proposes to amend the regulations on tax-paid distilled 
spirits used to manufacture nonbeverage products to allow manufacturers 
to use natural and artificial one percent solutions without having to 
file Form 5154.1, Formula and Process for Nonbeverage Product. This 
proposal is part of an ongoing effort to streamline the TTB Alcohol and 
Tobacco Laboratory's flavor formula approval process.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC73

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA37
_______________________________________________________________________




2488. 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                            01/00/06

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, Alcohol and Tobacco 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
_______________________________________________________________________




2489. 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 involves 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,

[[Page 65071]]

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                            12/00/05

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, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA49
_______________________________________________________________________




2490. 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                            12/00/05

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, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA52
_______________________________________________________________________




2491. PROPOSED ESTABLISHMENT OF ALTA MESA VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas Steering Committee 
proposes the establishment of the 55,400-acre ``Alta Mesa'' 
viticultural area in the north central portion of the established Lodi 
viticultural area. The most distinguishing features of the area include 
``Alta Mesa,'' a table-top landform, and San Joaquin soil series that 
dominates 90 percent of the land. The Steering Committee is petitioning 
for seven new viticultural areas within the original Lodi viticultural 
area boundaries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA82
_______________________________________________________________________




2492. PROPOSED ESTABLISHMENT OF THE COSUMNES RIVER VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas Steering Committee 
proposes to establish the 54,700-acre ``Cosumnes River'' viticultural 
area in the northwest portion of the established Lodi viticultural 
area. The most distinguishing features of the area include the cool and 
windy climate, alluvial soils, and low elevation terrain. The Steering 
Committee is petitioning for seven new viticultural areas within the 
boundaries of the original Lodi viticultural area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA83
_______________________________________________________________________




2493. PROPOSED ESTABLISHMENT OF SLOUGHHOUSE VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas Steering Committee 
proposes to establish the 78,800-acre ``Sloughhouse'' viticultural area 
within the northeast portion of the established Lodi viticultural area. 
The distinctive viticultural environment of the proposed Sloughhouse 
viticultural area includes warm temperatures, significant rain and fog, 
high elevations, and old soils. The Steering Committee is petitioning 
for seven new viticultural

[[Page 65072]]

areas within the original boundaries of the Lodi viticultural area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA84
_______________________________________________________________________




2494. PROPOSED ESTABLISHMENT OF MOKELUMNE RIVER VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas Steering Committee 
proposes the establishment of the 85,700-acre ``Mokelumne River'' 
viticultural area in the southwest portion of the established Lodi 
viticultural area. The most distinguishing features of the area include 
the alluvial fan with its topography and geology in contrast to the 
surrounding areas, and the cool, breezy climate. The Steering Committee 
is petitioning for seven new viticultural areas within the original 
Lodi viticultural area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA85
_______________________________________________________________________




2495. PROPOSED ESTABLISHMENT OF JAHANT VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas Steering Committee 
proposes the establishment of the 28,000-acre ``Jahant'' viticultural 
area, located in the central-west portion of the established Lodi 
viticultural area. The most distinguishing features of the area are the 
pink Jahant loam soil with its unique grape-growing qualities, the 
terrain with its river terraces and old floodplain deposits, and the 
cool, dry, and windy climate. The Steering Committee is petitioning for 
seven new viticultural areas within the boundaries of the original Lodi 
viticultural area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA86
_______________________________________________________________________




2496. PROPOSED ESTABLISHMENT OF BORDEN RANCH VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas (LAVA) Steering 
Committee proposes the establishment of the 70,000-acre ``Borden 
Ranch'' viticultural area in the east central portion of the Lodi 
viticultural area. The most distinctive features include old alluvial 
fans, river terraces and plains, high elevations, and a windswept 
climate. The Committee is petitioning for seven new viticultural areas 
within the original Lodi viticultural area boundaries. A notice of 
proposed rulemaking is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA87
_______________________________________________________________________




2497. PROPOSED ESTABLISHMENT OF CLEMENTS HILLS VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas (LAVA) Steering 
Committee proposes the establishment of the 84,500-acre ``Clements 
Hills'' viticultural area in the southeast portion of the established 
Lodi viticultural area. It is a topographic transition area between the 
low and flat San Joaquin Valley floor to the west and the progressively 
more mountainous Sierra Foothills to the east. The most distinguishing 
features of the Clements Hills area are the high elevation river 
terraces and rounded hilltops. The Committee is petitioning for seven 
new viticultural areas within the original Lodi viticultural area 
boundaries. A notice of proposed rulemaking is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

[[Page 65073]]

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA88
_______________________________________________________________________




2498. PROPOSED ESTABLISHMENT OF THE MT. OSO VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed Mt. Oso viticultural area, about 15 miles long 
and 5 miles wide with 1,005 acres of vineyards, is nestled in the 
foothills between the San Joaquin Valley and the Diablo Range in San 
Joaquin and Stanislaus counties in California. The sloping hillside 
topography includes streams and alluvial fans and plains. The 
distinguishing climatic features of this 38,414-acre proposed area 
include limited rainfall and persistent winds, along with sparse fog, 
frost, and dew. A notice of proposed rulemaking is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA89
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2499. NEW CERTIFICATION REQUIREMENTS FOR IMPORTED WINE

Priority: Substantive, Nonsignificant

Legal Authority: PL 108-429, sec 202

CFR Citation: 27 CFR 4; 27 CFR 24; 27 CFR 27

Legal Deadline: None

Abstract: TTB is amending the wine regulations to implement new 
certification requirements for imported wine required by the 
Miscellaneous Trade and Technical Corrections Act of 2004.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AB00
_______________________________________________________________________




2500. WAHLUKE SLOPE VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Wahluke Slope Wine Grape Growers Association proposes the 
establishment of the 81,000-acre Wahluke Slope viticultural area in 
eastern Washington State. It is approximately 145 miles southeast of 
Seattle, Washington, and just north of the Hanford Reservation, U.S. 
Department of Energy (DOE). There are currently 5,200 acres of vineyard 
land, as of November 2004. The major distinguishing factors include its 
single landform and geographic isolation, distinctive soil patterns, 
and unique climate characteristics.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/19/05                    70 FR 28861
NPRM Comment Period End         07/18/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 415 271-1254
Fax: 707-778-6349
Email: [email protected]

RIN: 1513-AB01
_______________________________________________________________________




2501. PETITION TO ESTABLISH SAN ANTONIO VALLEY 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 ``San Antonio Valley'' 
as a new American viticultural area in California.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/19/05                    70 FR 28865
NPRM Comment Period End         07/18/05
Final Action                    01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, 
Roanoke, VA 24014

[[Page 65074]]

Phone: 540 344-9333
Fax: 540 344-5855
Email: [email protected]

RIN: 1513-AB02
_______________________________________________________________________




2502. [bull] PROPOSED CHANGE TO VINTAGE DATE REQUIREMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 205

CFR Citation: 27 CFR 4.27

Legal Deadline: None

Abstract: TTB received a petition to change the vintage date 
requirements in the wine regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/05                    70 FR 38058
NPRM Comment Period End         08/30/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB11



_______________________________________________________________________



Administrative/Procedures


                    ________________________________



2503. ADMINISTRATIVE CHANGES TO ALCOHOL, TOBACCO, AND FIREARMS 
REGULATIONS DUE TO THE HOMELAND SECURITY ACT OF 2002

Priority: Info./Admin./Other

Legal Authority: PL 107-296; . . .

CFR Citation: 27 CFR 1; 27 CFR 4 to 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                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco 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



_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2504. REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES, 
WITHOUT PAYMENT OF TAX, FOR USE BY THE UNITED STATES IN LAW ENFORCEMENT 
ACTIVITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5703 to 5705; 26 USC 5723; 26 USC 5741; 26 USC 
5751; 26 USC 5762; 26 USC 5763; 26 USC 6313; 26 USC 7212; 26 USC 7342; 
26 USC 7606; 26 USC 7805; 44 USC 3504(h)

CFR Citation: 27 CFR 45.31

Legal Deadline: None

Abstract: The Department of the Treasury and the Alcohol and Tobacco 
Tax and Trade Bureau propose to amend the regulations relating to the 
removal of tobacco products and cigarette papers and tubes, without 
payment of tax, for use by the United States in law enforcement 
activities. Specifically, we propose to allow manufacturers of tobacco 
products and cigarette papers and tubes to remove these articles 
without payment of tax for use by Federal agencies in their law 
enforcement activities, and to exempt packages of those removed 
products from the tax-exempt labeling requirement. We take this action 
to timely meet the needs of Federal law enforcement operations, 
particularly investigations involving tobacco diversion and cigarette 
smuggling.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/15/05                    70 FR 19888
Interim Final Rule Effective    04/15/05
Interim Final Rule Comment 
Period End                      06/15/05
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda W. Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., 
Suite 200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA99
_______________________________________________________________________




2505. 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: None

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.

[[Page 65075]]

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                    01/00/06

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, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA10
_______________________________________________________________________




2506. 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                    01/00/06

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, Alcohol and Tobacco 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
_______________________________________________________________________




2507. PROPOSED RED HILL DOUGLAS COUNTY, OREGON AMERICAN VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB is reopening the comment period for the notice of 
proposed rulemaking (NPRM) titled Petition for the Establishment of Red 
Hill as an American Viticultural Area. TTB is soliciting comments on a 
new proposed name for this viticultural area, ``Red Hill Douglas 
County, Oregon.'' Public comments are requested by March 4, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/30/02                    67 FR 66079
NPRM Comment Period End         12/30/02
Comment Period Reopened         01/16/03                     68 FR 2262
Reopened Comment Period End     03/17/03
Comment Period Reopened         04/24/03                    68 FR 20090
Reopened Comment Period End     05/27/04
Comment Period Reopened         02/02/05                     70 FR 5397
Reopened Comment Period End     04/04/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC76

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA39
_______________________________________________________________________




2508. 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                    01/00/06

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, Alcohol and Tobacco 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
_______________________________________________________________________




2509. 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 U.S. 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

[[Page 65076]]

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                    02/00/06

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, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA46
_______________________________________________________________________




2510. 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. The notice of 
proposed rulemaking includes expansions of the Central Coast and San 
Francisco Bay American viticultural areas. All three will be published 
together.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/19/05                    70 FR 28873
NPRM Comment Period End         07/18/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC99

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA54
_______________________________________________________________________




2511. 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. The 
notice of proposed rulemaking includes expansion of the Livermore 
Valley American viticultural area. All three will be published 
together.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/19/05                    70 FR 28870
NPRM Comment Period End         07/18/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD00

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA55
_______________________________________________________________________




2512. 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. A draft final rule is being 
prepared. The geographical name conflict is awaiting resolution prior 
to any further action.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/07/03                    68 FR 57840
NPRM Comment Period End         12/08/03
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD02

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Suite 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA57
_______________________________________________________________________




2513. 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 labeling and advertising 
regulations in plain language, and updates titles and definitions to 
reflect the status of TTB. This revision makes no substantive changes 
to 27 CFR part 7.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/02                    67 FR 43496
NPRM Comment Period End         08/26/02

[[Page 65077]]

NPRM Comment Period Extended    08/27/02                    67 FR 54388
Comment Period Extended End     09/25/02
Final Action                    01/00/06

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, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 5056, 
Beverly Farms, MA 01915
Phone: 978 921-1840
Fax: 978 921-1840
Email: [email protected]

RIN: 1513-AA60
_______________________________________________________________________




2514. 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-foot and 1,800-foot elevations, is 
the sunny and warm growing season that contrasts to the surrounding 
foggy and cooler lower elevations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/12/05                    70 FR 25000
NPRM Comment Period End         06/08/05
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA64
_______________________________________________________________________




2515. 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. Public comments were requested by April 1, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/31/05                     70 FR 4797
NPRM Comment Period End         04/01/05
Final Action                    11/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

Related RIN: Related to 1513-AA68
RIN: 1513-AA67
_______________________________________________________________________




2516. 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                            04/08/05                    70 FR 17940
NPRM Comment Period End         06/07/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rita Butler, Writer-Editor, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street 
NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA70
_______________________________________________________________________




2517. 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. Public comments are 
requested by March 25, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/24/05                     70 FR 3333
NPRM Comment Period End         03/25/05
Other/Comment Period Extended   03/08/05                    70 FR 11178
Other/Comment Period End        05/25/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

[[Page 65078]]

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA72
_______________________________________________________________________




2518. PETITION TO ESTABLISH ``TEXOMA'' AS A VITICULTURAL AREA

Priority: Substantive, Nonsignificant

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                            11/30/04                    69 FR 69557
NPRM Comment Period End         01/31/05
Final Action                    01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco 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
_______________________________________________________________________




2519. PROPOSED ESTABLISHMENT OF COVELO VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Ralph Carter of Sonoma, California is petitioning to 
establish Covelo as an American viticultural area. Covelo area is 164 
miles north of San Francisco and immediately south of the Round Valley 
Indian Reservation in northern California. The proposed area has 38,000 
acres with two acres of planted grape vines, but more area that the 
petitioner believes has good viticultural potential. The distinctive 
features include the bowl-shape of the Covelo valley area that 
contrasts to the narrow valleys, with north-south orientations, 
commonly found in Mendocino County. Also, it has a short grape-growing 
season when compared to other Mendocino County viticultural areas. 
Public comments were requested by April 4, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/02/05                     70 FR 5393
NPRM Comment Period End         04/04/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA90
_______________________________________________________________________




2520. PETITION TO ESTABLISH ``CALISTOGA'' AS AN AMERICAN VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: In response to a petition, the Alcohol and Tobacco Tax and 
Trade Bureau proposed to establish the Calistoga viticultural area in 
Calistoga, Napa Valley, California. We designate viticultural areas to 
allow bottlers to better describe the origin of wines and allow 
consumers to better identify the wines they may purchase. We invited 
comments on this proposed addition to our regulations, particularly 
from bottlers who use brand names similar to Calistoga.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/31/05                    70 FR 16451
NPRM Comment Period End         05/31/05
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA92
_______________________________________________________________________




2521. RAMONA VALLEY VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 89,000-acre Ramona Valley viticultural area is 
in San Diego County, CA, and totally within the established, larger 
South Coast viticultural area. The distinguishing factors of the Ramona 
Valley area, according to the petition, include its high-elevation 
geography, climate that is based primarily on its inland location, and 
soils, to a lesser extent. There are currently 45 acres of vineyards in 
commercial production. A notice of proposed rulemaking is in review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/31/05                    70 FR 16459
NPRM Comment Period End         05/31/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210

[[Page 65079]]

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

RIN: 1513-AA94
_______________________________________________________________________




2522. DOS RIOS VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Ralph Jens Carter of Sonoma, California, is proposing the new 
Dos Rios AVA, located about five miles beyond the northern boundary of 
the North Coast AVA. Dos Rios is about 150 miles north of San Francisco 
and 25 miles east of the Pacific Ocean. The distinguishing factors of 
the Dos Rios area include significant wind patterns, a transitional 
climate, elevations between 800 feet and 2000 feet, sloping terrains 
with 30 percent to 75 percent inclines, relatively infertile soils, and 
close proximity to two rivers. The petitioner states the area has six 
acres of planted commercial vineyards and the potential for more 
viticultural growth. A notice of proposed rulemaking is in review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/31/05                    70 FR 16455
NPRM Comment Period End         05/31/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA95
_______________________________________________________________________




2523. MATERIALS AUTHORIZED FOR THE TREATMENT OF WINE AND JUICE; 
PROCESSES AUTHORIZED FOR THE TREATMENT OF WINE, JUICE, AND DISTILLING 
MATERIAL

Priority: Substantive, Nonsignificant

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

CFR Citation: 24 CFR 246; 24 CFR 248

Legal Deadline: None

Abstract: TTB is revising its lists of approved wine treating materials 
and processes to add several new materials and processes and revise 
existing limitations for a few others.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/19/04                    69 FR 67639
Interim Final Rule Comment 
Period End                      01/18/05
Final Action                    01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA96
_______________________________________________________________________




2524. NIAGARA ESCARPMENT 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 ``Niagara Escarpment'' 
as a new American viticultural area in New York.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/09/05                     70 FR 6792
NPRM Comment Period End         04/11/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA97
_______________________________________________________________________




2525. SUSPENSION OF SPECIAL (OCCUPATIONAL) TAX

Priority: Substantive, Nonsignificant

Legal Authority: PL 108-357, sec 246; 26 USC 5148

CFR Citation: 27 CFR 17; 27 CFR 19; 27 CFR 24 to 27; 27 CFR 194

Legal Deadline: Final, Statutory, July 1, 2005, Section 246 of the 
American Jobs Creation Act of 2004.

Abstract: Implements section 246 of the American Jobs Creation Act of 
2004 (Pub. L. 208-357), which provides that for the three-year period 
from July 1, 2005, through June 30, 2008, the rate of special 
(occupational) tax on certain specified occupations shall be zero.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB04

[[Page 65080]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2526. PROHIBITION OF ALCOHOL BEVERAGE CONTAINERS AND STANDARD OF FILL 
FOR DISTILLED SPIRITS AND WINE

Priority: Substantive, Nonsignificant

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/09/99                     64 FR 6486
NPRM Comment Period End         04/12/99
Revised NPRM-Aggregate Packaging04/00/07
Revised NPRM-Deceptive Packaging04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser
Phone: 301 290-1460
Fax: 301 290-1463
Email: [email protected]

RIN: 1513-AA07
_______________________________________________________________________




2527. 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
NPRM Comment Period End         08/01/97
Interim Final Rule              06/02/97                    62 FR 29663
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
_______________________________________________________________________




2528. 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

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA06
_______________________________________________________________________




2529. 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

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA08
_______________________________________________________________________




2530. 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

Small Entities Affected: Businesses

Government Levels Affected: None

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

RIN: 1513-AA14
_______________________________________________________________________




2531. PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA51
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________




2532. PETITION TO ESTABLISH ``ALEXANDRIA LAKES'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/01/05                    70 FR 38002
Final Action Effective          08/01/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser
Phone: 301 290-1460
Fax: 301 290-1463

[[Page 65081]]

Email: [email protected]

RIN: 1513-AA45
_______________________________________________________________________




2533. ADMINISTRATIVE CHANGES TO THE PUBLICATION OF THE TTB BULLETIN

Priority: Info./Admin./Other

CFR Citation: 27 CFR 70.701(d)

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       07/27/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jessica M. Bungard
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB06
_______________________________________________________________________




2534. DETERMINATION OF SALE PRICE OF LARGE CIGARS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 40.22

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/09/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amy J. Rogers
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB10
_______________________________________________________________________




2535. LIQUOR DEALERS; RECODIFICATION OF REGULATIONS

Priority: Info./Admin./Other

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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    04/15/05                    70 FR 19880
Final Action Effective          04/15/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1513-AA19
_______________________________________________________________________




2536. PETITION TO ESTABLISH ``RIBBON RIDGE'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/01/05                    70 FR 31342
Final Action Effective          07/01/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA58
_______________________________________________________________________




2537. PETITION TO ESTABLISH THE ``HIGH VALLEY'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/01/05                    70 FR 37998
Final Action Effective          08/01/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA79
_______________________________________________________________________




2538. PROPOSED ESTABLISHMENT OF HORSE HEAVEN HILLS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/01/05                    70 FR 38004
Final Action Effective          08/01/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA91
BILLING CODE 4810--33--S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2539. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; 
CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

Priority: Other Significant

Legal Authority: 12 USC 93a; 12 USC 3907

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: As part of OCC's ongoing efforts to develop and refine the 
capital standards to enhance their risk sensitivity ensure the safety 
and soundness of the national banking system, OCC is proposing to amend 
various provisions of the capital rules. This change involves the 
amendment of the current risk-based capital rules for those banks that 
will not qualify to use the new Basel Capital Accord (Basel II) capital 
framework. OCC is conducting this rulemaking jointly with the other 
Federal banking agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Laura Goldman, Counsel, Department of the Treasury,

[[Page 65082]]

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-AC95
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2540. REGULATORY BURDEN REDUCTION AND TECHNICAL AMENDMENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 4; 12 CFR 5; 12 CFR 19; 12 CFR 37

Legal Deadline: None

Abstract: This rulemaking would update certain provisions and make 
technical changes to OCC rules. It would also amend various OCC rules 
to reduce regulatory burden.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas, Special Counsel, Department of the 
Treasury, Comptroller of the Currency, 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
_______________________________________________________________________




2541. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR 
FINANCIAL INSTITUTIONS AND CREDITORS

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

Unfunded Mandates: Undetermined

Legal Authority: 15 USC 1681c; 15 USC 1681m

CFR Citation: 12 CFR 41

Legal Deadline: None

Abstract: OCC, the Board of Governors of the Federal Reserve System, 
the Federal Deposit Insurance Corporation, the Office of Thrift 
Supervision (the Federal Banking Agencies), the National Credit Union 
Administration, and the Federal Trade Commission are issuing a joint 
proposal to establish guidelines and regulations to implement section 
114 of the FACT Act of 2003. Section 114 requires the Federal Banking 
Agencies to jointly issue guidelines for financial institutions and 
creditors identifying patterns, practices, and specific forms of 
activity that indicate the possible existence of identity theft. In 
addition, the Federal Banking Agencies must issue regulations requiring 
each financial institution and creditor to establish reasonable 
policies and procedures to implement the guidelines. The regulations 
must contain a provision requiring a card issuer to notify the 
cardholder if the card issuer receives a notice of change of address 
for an existing account, and a short time later receives a request for 
an additional or replacement card.
Section 315 of the FACT Act requires the Agencies to issue a regulation 
describing reasonable polices and procedures for a user of consumer 
credit reports that receives a notice of discrepancy from a consumer 
reporting agency (CRA), informing the user of a substantial discrepancy 
between the address for the consumer that the user provided to request 
the consumer report and the addresses in the file of the CRA. The 
policies and procedures must enable the user to form a reasonable 
belief that the user knows the identity of the consumer to whom the 
consumer report pertains. In addition, the regulation must require a 
user that establishes a continuing relationship with a consumer to 
furnish to the consumer reporting agency that provided the notice of 
discrepancy the correct address of the consumer as part of the 
information that the user regularly furnishes for the period in which 
the relationship is established.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

RIN: 1557-AC87
_______________________________________________________________________




2542. IMPLEMENTATION OF A REVISED BASEL CAPITAL ACCORD (BASEL II)

 Regulatory Plan: This entry is Seq. No. 98 in part II of this issue of 
the Federal Register.

RIN: 1557-AC91
_______________________________________________________________________




2543. ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1820(k); 12 USC 93a; 12 USC 161; 12 USC 481; 12 
USC 482; 12 USC 482(a); 12 USC 1442; 12 USC 1817; 12 USC 1818; 12 USC 
1972; 12 USC 1820; 12 USC 1821(c); 12 USC 1821(o); 12 USC 1821(t); 12 
USC 1831m; 12 USC 1831p-1; 12 USC 1831o; 12 USC 1867; 12 USC 1951 et 
seq; 12 USC 2601 et seq; 12 USC 2801 et seq; 12 USC 2901 et seq; 12 USC 
3101 et seq; 12 USC 3401 et seq; 15 USC 77uu(b); 15 USC 78q(c)(3); 
18USC 641; 18 USC 1905; 18 USC 1906; 29 USC 1204; 31 USC 9701; 42 USC 
3601; 44 USC 3506; 44 USC 3510; 5 USC 504; 5 USC 554-557; 12 USC 93(b); 
12 USC 164; 12 USC 505; 12 USC 3102; 12 USC 3108(a); 12 USC 3909; 12 
USC 4717; 12 USC 78(h)-(i); 12 USC 78o-4(c); 12 USC 78o-5; 12 USC 78q-
1; 12 USC 78s; 12 USC 78u-2; 12 USC 78u-3; 12 USC 78w; 28 USC 2461 
note; 31 USC 330; 31 USC 5321; 42 USC 4012a

CFR Citation: Not Yet Determined

Legal Deadline: None

[[Page 65083]]

Abstract: Section 6303(b) of the Intelligence Reform and Terrorism 
Prevention Act of 2004 (Intelligence Reform Act) imposes a one-year 
post-employment restriction on ``senior examiners'' of national banks. 
Under section 6303(b), a senior examiner for OCC is barred, for a 
period of one year after leaving OCC, from accepting compensation from 
the national bank he or she supervised, from its bank holding company, 
and from certain other related companies. If an examiner violates the 
one-year restriction, he or she may be subject to an order of removal 
and prohibition from the relevant bank and all depository institutions 
for a period of up to five years. In addition, the examiner may be 
subject to civil money penalties of up to $250,000. This proposed rule, 
which would add a new subpart E to 12 CFR part 4, implements section 
6303(b) of the Intelligence Reform Act for OCC employees who serve as 
senior examiners of national banks. The proposed rule would also make 
technical conforming changes to 12 CFR part 19.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/05/05                    70 FR 45323
NPRM Comment Period End         10/04/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1557-AC94
_______________________________________________________________________




2544. [bull] SECURITIES OFFERING DISCLOSURE RULES; NONPUBLIC OFFERINGS

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

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

CFR Citation: 12 CFR 16

Legal Deadline: None

Abstract: OCC is proposing to amend its regulations governing 
securities offering disclosure rules to remove the requirement that a 
national bank issuer file a notice that meets the requirements of 
Securities and Exchange Commission Rule 504 (i.e. Form D) in order to 
be exempt from the registration and prospectus requirements of part 16.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jean Campbell, 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-AC98
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2545. FAIR CREDIT REPORTING: USE OF MEDICAL INFORMATION

Priority: Other Significant

Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12 
USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC 
1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805

CFR Citation: 12 CFR 41

Legal Deadline: Final, Statutory, June 4, 2004, Statutory Deadline.

Abstract: OCC is implementing section 411 of the Fair and Accurate 
Credit Transactions Act of 2003 (FACT Act). Section 411(a) requires OCC 
to prescribe regulations that permit creditors to obtain or use medical 
information for certain credit eligibility purposes. Additionally, 
section 411(b) restricts the sharing of medical information and related 
lists or descriptions with affiliates. Finally, section 411(b) 
authorizes OCC to issue rules to allow additional sharing of 
information determined by OCC to be necessary and appropriate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/28/04                    69 FR 23380
Interim Final Rule              06/10/05                    70 FR 33958
Final Action                    11/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney, 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-AC85
_______________________________________________________________________




2546. FAIR CREDIT REPORTING: AFFILIATE MARKETING REGULATIONS

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

Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12 
USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC 
1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805

CFR Citation: 12 CFR 41

Legal Deadline: Other, Statutory, September 4, 2004, See section 214 of 
the FACT Act, PL 108-159.

Abstract: OCC plans to issue a rulemaking that would implement the 
affiliate-sharing provisions of section 214 of the Fair and Accurate 
Credit Transactions Act (FACT Act). The regulation would implement the 
consumer notice and opt-out provisions of the FACT Act regarding the 
sharing of consumer information among affiliates for marketing 
purposes.

[[Page 65084]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/04                    69 FR 42502
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney, 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-AC88
_______________________________________________________________________




2547. SECURITIES BORROWING TRANSACTIONS

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

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 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, OCC is amending 
various provisions of the capital rules for national banks. The change 
involves changes to securities borrowing transactions. The interim 
final rule adopted changes to the capital treatment of securities 
borrowing transactions, specifically by amending the market risk rules 
on the capital treatment for cash collateral. OCC is conducting this 
rulemaking jointly with the other Federal Banking Agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/05/00                    65 FR 75856
Final Action                    01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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]

Related RIN: Split from 1557-AB14
RIN: 1557-AC90
_______________________________________________________________________




2548. [bull] ASSESSMENT OF FEES

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

Legal Authority: 12 USC 93a; 12 USC 481; 12 USC 482; 12 USC 1867; 12 
USC 3102; 12 USC 3108; 15 USC 78c; 15 USC 78l

CFR Citation: 12 CFR 8

Legal Deadline: None

Abstract: OCC is planning to issue an interim final rule to replace the 
current system of assessment invoicing in part 8. Under the rule, OCC, 
rather than each national bank, will calculate the semiannual 
assessment fee. The fee will be due by March 31 and September 30 of 
each year, two months later than under the current system. OCC will 
notify each national bank of the amount of its assessment and will 
automatically deduct that amount from each bank's designated bank 
account on the payment due date. The rule makes no changes to the 
method of calculating the assessments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jean Campbell, 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-AC96
_______________________________________________________________________




2549. [bull] DISTRICT OF COLUMBIA-CHARTERED BANKS

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

Legal Authority: 5 USC 301; 5 USC 504; 5 USC 554-557; 12 USC 1 et seq.; 
12 USC 24 (seventh); 12 USC 24a; 12 USC 93a; 12 USC 93b; 12 USC 161; 12 
USC 164; 12 USC 215a-2; 12 USC 215a-3; 12 USC 481-482; 12 USC 505; 12 
USC 602; 12 USC 1817-1818; 12 USC 1820; 12 USC 1831m; 12 USC 1831o; 12 
USC 1867; 12 USC 1881-1884; 12 USC 1972; 12 USC 3101 et seq.; 12 USC 
3201-3208; 12 USC 3401-3422; 12 USC 3901 et seq.; 12 USC 4717; 15 USC 
78c; 15 USC 78h-78i; 15 USC 78l; 15 USC 78m-78n; 15 USC 78o-4(c); 15 
USC 78o-5; 15 USC 78p; 15 USC 78q-78w; 15 USC 78q-1; 15 USC 78s; 15 USC 
78u-2-78u-3; 15 USC 1691 et seq.; 15 USC 6801 et seq.; 15 USC 7241-
7244; 15 USC 7261-7262; 15 USC 7264-7265; 28 USC 2461; 31 USC 330; 31 
USC 5318; 31 USC 5321; 42 USC 3601 et seq.; 42 USC 4012a; 42 USC 4104a-
4104b; 12 USC 4106; 12 USC 4128

CFR Citation: 12 CFR 1-3; 12 CFR 5; 12 CFR 8; 12 CFR 10-11; 12 CFR 16; 
12 CFR 19; 12 CFR 21-22; 12 CFR 26-28; 12 CFR 40

Legal Deadline: None

Abstract: In the 2004 District of Columbia Omnibus Authorization Act, 
Congress amended Federal law to provide for regulation of District of 
Columbia-chartered banks by the Federal Deposit Insurance Corporation 
in lieu of the Office of the Comptroller. To accomplish this purpose, 
Congress amended the Federal Deposit Insurance Act, National Housing 
Act, Bank Holding Company Act, Bank Protection Act of 1968, Depository 
Institution Management Interlocks Act, Securities Exchange Act of 1934, 
the Federal Reserve Act, and the National Bank Receivership Act. This 
interim final regulation would amend the OCC's implementing regulations 
to reflect these amendments to these Federal statutes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 65085]]

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-AC97
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2550. 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                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1557-AB93
_______________________________________________________________________




2551. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY 
NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 40

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/30/03                    68 FR 75164
ANPRM Comment Period End        03/29/04
NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AC80
_______________________________________________________________________




2552. ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO A CONSUMER 
REPORTING AGENCY

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                            To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AC89
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2553. COMMUNITY REINVESTMENT ACT REGULATION (12 CFR 25)

Priority: Other Significant

CFR Citation: 12 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/02/05                    70 FR 44256
Final Action Effective          09/01/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB98
_______________________________________________________________________




2554. ELECTRONIC FILING AND DISCLOSURE OF BENEFICIAL OWNERSHIP REPORTS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 11

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/10/05                    70 FR 46403
Final Action Effective          09/09/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1557-AC75
BILLING CODE 4830--01--S

[[Page 65086]]

_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2555. 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 are 
intended to simplify and clarify the application of section 751(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-149610-03
Drafting attorneys: Charlotte Chyr (202) 622-3070 and Stacy Short (202) 
622-3070
Reviewing attorney: Jeanne Sullivan (202) 622-3070
Treasury attorney: Matthew Lay (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-BC65
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2556. 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, and the taxation of exchange gain or loss on branch 
remittances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/91                    56 FR 48457
Second NPRM                     12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208270-86 (INTL-965-86)
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Jeffrey Dorfman (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL

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

RIN: 1545-AM12
_______________________________________________________________________




2557. OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209006-89 (INTL-089-89)
Drafting attorney: Milton Cahn (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL

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

RIN: 1545-AM97
_______________________________________________________________________




2558. 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208980-89 (INTL-765-89)

[[Page 65087]]

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
_______________________________________________________________________




2559. 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                     12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208299-90 (INTL-70-90)
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Patricia Brown (202) 622-1781
CC:INTL

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

RIN: 1545-AP01
_______________________________________________________________________




2560. 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 funding raised for a 
securities dealing and/or trading operation, and 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209604-93 (INTL-001-93)
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Patricia Brown (202) 622-1781
CC:INTL

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

RIN: 1545-AR20
_______________________________________________________________________




2561. AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6159; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations reflect the amendment of I.R.C. section 6159, 
section 202 of the Taxpayer Bill of Rights 2, which provides that upon 
request by a taxpayer the Secretary shall provide an independent review 
of the termination of an installment agreement. The regulations also 
reflect the amendment to section 6159(c), which guarantees the 
availability of installment agreements to taxpayers in certain 
circumstances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68241
Second NPRM                     12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100841-97
Drafting attorney: G. William Beard (202) 622-3620
Reviewing attorney: Lawrence Schattner (202) 622-3620
CC:PA:CBS

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

RIN: 1545-AU97
_______________________________________________________________________




2562. SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS OF CONGRESS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 5

Legal Deadline: None

Abstract: This regulation provides rules for the substantiation of 
Congress members' travel expenses. The current regulations are out of 
date because the authorizing legislation was subsequently repealed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105513-97
Reviewing attorney: George Baker (202) 622-4930
Treasury attorney: Eric San Juan (202) 622-0224
CC:ITA

[[Page 65088]]

Agency Contact: George B. Baker, Branch Chief, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4930

RIN: 1545-AV55
_______________________________________________________________________




2563. 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 49

Legal Deadline: None

Abstract: The proposed regulations provide guidance concerning the 
excise taxes imposed on the amounts paid for the transportation of 
persons and property by air.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106167-98
Drafting attorney: Taylor Cortright (202) 622-3130
Reviewing attorneys: Frank K. Boland (202) 622-3130 and Lew Fernandez 
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

RIN: 1545-AW19
_______________________________________________________________________




2564. SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN ACTIVITIES AND FOR 
COMMUNICATIONS INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 863

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3903
Hearing                         05/23/01                    66 FR 12916
Second NPRM                     10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106030-98
Drafting attorney: Edward R. Barret (202) 622-3880
Reviewing attorney: Anne Shelburne (202) 435-5265
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL

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

RIN: 1545-AW50
_______________________________________________________________________




2565. 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 for application of the 
source rules for transportation income under section 863(c).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-115557-98
Drafting attorney: Patricia A. Bray and David L. Lundy (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: Gretchen Sierra (202) 622-1755
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
_______________________________________________________________________




2566. DEFINITION OF ACCOUNTING METHOD

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105228-99
Drafting attorney: Grant D. Anderson (202) 622-4930
Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930
Treasury attorney: Sharon Kay (202) 622-0865
 George Manousos (202) 622-1335
CC:ITA

Agency Contact: Grant D. Anderson, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4930

RIN: 1545-AX21
_______________________________________________________________________




2567. INSPECTION OF WRITTEN DETERMINATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

[[Page 65089]]

Abstract: This regulation amends Treasury Regulation sections 301.6110-
1 through 301.6110-7 relating to written determinations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113129-98
Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570
Reviewing attorney: Donald Squires (202) 622-4570
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:DPL

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

RIN: 1545-AX40
_______________________________________________________________________




2568. 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                            12/00/05

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: Michael Desmond (202) 622-1981
CC:PA:APJ

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
_______________________________________________________________________




2569. 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                            12/00/05

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
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
_______________________________________________________________________




2570. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION 
1297

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1297

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100427-00
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

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

RIN: 1545-AX78
_______________________________________________________________________




2571. 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

[[Page 65090]]

section 954(d)(2) does not apply to a contract manufacturer.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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
Phone: 202 622-3840

RIN: 1545-AX91
_______________________________________________________________________




2572. GUIDANCE ON CHANGES TO THE LAWS FOR CORPORATE ESTIMATED TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6655

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations provide guidance for corporations to 
compute their estimated tax liabilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107722-00
Drafting attorney: Joseph Dewald (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
Treasury attorney: George Manousos (202) 622-1335
CC:PA:APJ

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-AY22
_______________________________________________________________________




2573. 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 certain CFCs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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
_______________________________________________________________________




2574. DOLLAR-VALUE LIFO

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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                            12/00/05

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
_______________________________________________________________________




2575. SPECIAL RULES RELATING TO TRANSFERS OF INTANGIBLES TO FOREIGN 
CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-106877-00
Drafting attorney: Tracy D. Perry (202) 622-3860
Reviewing attorney: Thomas D. Beem (202) 622-3860
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

Agency Contact: Tracy D. Perry, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 65091]]

Phone: 202 622-3860

RIN: 1545-AY41
_______________________________________________________________________




2576. PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 959

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-121509-00
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840
Reviewing attorney: Phyllis E. 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-AY54
_______________________________________________________________________




2577. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 357

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/06/03                    68 FR 23931
NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AY74
_______________________________________________________________________




2578. 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                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120297-01
Drafting attorney: Geoffrey M. Campbell (202) 622-4570
Reviewing attorney: Donald M. Squires (202) 622-4570
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:DPL

Agency Contact: Geoffrey M. Campbell, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4570

RIN: 1545-AY89
_______________________________________________________________________




2579. 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

Related RIN: Related to 1545-AW30
RIN: 1545-BA11
_______________________________________________________________________




2580. DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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                            12/00/05

Regulatory Flexibility Analysis Required: No

[[Page 65092]]

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
_______________________________________________________________________




2581. 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 the 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                            12/00/05

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
Treasury attorney: Michael Desmond (202) 622-1981
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
_______________________________________________________________________




2582. 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., disaster losses and research and experimentation expenses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

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 O. 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
_______________________________________________________________________




2583. PROVISIONS REGARDING CROSS-BORDER TRANSACTIONS

Priority: Substantive, Nonsignificant

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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-BA65
_______________________________________________________________________




2584. CIRCULAR 230--PHASE 2 NONSHELTER REVISIONS

Priority: Substantive, Nonsignificant

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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122380-02
Drafting attorney: Heather L. Dostaler (202) 622-4940

[[Page 65093]]

Reviewing attorney: Richard S. Goldstein (202) 622-7820
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

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

RIN: 1545-BA72
_______________________________________________________________________




2585. 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                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-131999-02
Reviewing attorney: James A. Quinn (202) 622-3070
CC:PSI

Agency Contact: James A. Quinn, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3070

RIN: 1545-BA84
_______________________________________________________________________




2586. COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 4251; 26 USC 7805

CFR Citation: 26 CFR 49

Legal Deadline: None

Abstract: This regulation provides a definition of taxable 
communications services under section 4251.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/02/04                    69 FR 40345
NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-137076-02
Drafting attorney: Cynthia A. McGreevy (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez 
(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-BB04
_______________________________________________________________________




2587. 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                            08/29/05                    70 FR 51116
Hearing                         11/16/05                    70 FR 51116
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-144615-02
Drafting attorney: Jeffrey Parry (202) 622-3850
Reviewing attorney: John M. Breen (202) 435-5266
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

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

RIN: 1545-BB26
_______________________________________________________________________




2588. ACCRUAL RULES FOR CREDITABLE FOREIGN TAXES AND GUIDANCE ON CHANGE 
IN TAXABLE YEAR

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will clarify the rules for 
determining when a creditable foreign tax accrues and may be claimed as 
a credit, and will provide guidance for determining the allowable 
foreign tax credit upon a change in the U.S. taxable year.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-144597-02
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Barbara A. Felker (202) 622-3850
CC:INTL

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

RIN: 1545-BB27
_______________________________________________________________________




2589. 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

[[Page 65094]]

Legal Deadline: None

Abstract: The American Jobs Creation Act of 2004 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 retroactively for 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                            12/00/05

Regulatory Flexibility Analysis Required: No

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
_______________________________________________________________________




2590. 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-130751-01
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: David Bowen (202) 622-3800
CC:INTL

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

RIN: 1545-BB56
_______________________________________________________________________




2591. LOSS ON SUBSIDIARY STOCK

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 337(d); 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

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 provide rules relating to the loss allowed on a 
disposition of subsidiary member stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157711-02
Drafting attorney: Martin T. Huck (202) 622-7216
Reviewing attorney: Theresa Abell (202) 622-4117
CC:COR

Agency Contact: Martin T. Huck, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7216

RIN: 1545-BB61
_______________________________________________________________________




2592. LIQUIDATION OF AN INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2704(b)

CFR Citation: 26 CFR 25

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163113-02
Drafting attorney: John MacEachen (202) 622-7830
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: 202 622-7830

RIN: 1545-BB71
_______________________________________________________________________




2593. 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) will govern the 
recognition of income associated with REMIC residual interests that is 
allocated to foreign person, including a foreign partner in a U.S. 
partnership.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-159929-02
Drafting attorney: Arturo Estrada (202) 622-3900

[[Page 65095]]

Treasury attorneys: Andrew Froberg (202) 622-1779
 Michael Novey (202) 622-1339
CC:FI

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
_______________________________________________________________________




2594. 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                            10/00/05

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
_______________________________________________________________________




2595. DETERMINATION OF SINGLE-SUM DISTRIBUTIONS FROM CASH BALANCE PLANS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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                            06/00/06

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: 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-BB93
_______________________________________________________________________




2596. GENERAL ALLOCATION AND ACCOUNTING REGULATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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                            06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: State

Federalism:  Undetermined

Additional Information: REG-140379-02
Reviewing attorney: Rebecca L. Harrigal (202) 622-3980
CC:TEGE

Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Ave NW, Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-BC07
_______________________________________________________________________




2597. 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 1.42-10, which provides for an alternative 
method for computing utility allowances under section 1.42-
10(b)(4)(ii). Also, the regulation will provide for annual updates of 
utility allowances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128274-03
Drafting attorney: David Selig (202) 622-3040
Reviewing attorney: Paul Handleman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI

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

RIN: 1545-BC22
_______________________________________________________________________




2598. 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 regarding

[[Page 65096]]

retroactive relief for 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(b)(1) or section 
1297(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133446-03
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

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

Related RIN: Related to 1545-BD33
RIN: 1545-BC37
_______________________________________________________________________




2599. 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.

Unfunded Mandates: 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-135660-03
Drafting attorney: Camille B. Evans (202) 622-3800
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL

Agency Contact: Camille B. Evans, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3800

RIN: 1545-BC48
_______________________________________________________________________




2600. 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)(4), 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                            12/00/05

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 O. Devereaux (202) 622-3850
Treasury attorney: David Ernick (202) 622-1754
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
_______________________________________________________________________




2601. SUSPENSION OF RUNNING OF PERIOD OF LIMITATION DURING A PROCEEDING 
TO ENFORCE OR QUASH A DESIGNATED OR RELATED SUMMONS

Priority: Substantive, Nonsignificant

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
Second NPRM                     12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208199-91
Drafting attorney: Elizabeth D. Rawlins (202) 622-3600
Reviewing attorney: Robert A. Miller (202) 622-3600
Treasury attorney: Michael Desmond (202) 622-1981
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

[[Page 65097]]

_______________________________________________________________________




2602. GUIDANCE UNDER SECTION 2053 REGARDING POST-DEATH EVENTS

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

Unfunded Mandates: 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                            12/00/05

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
_______________________________________________________________________




2603. BELOW-MARKET LOANS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 7872(h)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations related to the Federal income tax 
consequences of certain below-market loans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209226-84
Drafting attorney: David B. Silber (202) 622-3930
Reviewing attorney: William Blanchard (202) 622-3950
Treasury attorney: Viva Hammer (202) 622-0869
CC:FI

Agency Contact: David B. Silber, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3930

RIN: 1545-BC78
_______________________________________________________________________




2604. REGULATIONS GOVERNING THE PERFORMANCE OF ACTUARIAL SERVICES UNDER 
THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 29 USC 1241

CFR Citation: 20 CFR 901

Legal Deadline: None

Abstract: Regulations governing the performance of actuarial service 
under the Employee Retirement Income Security Act of 1974 (ERISA). The 
regulations will cover the qualifications required for enrollment, 
continuing education requirements for enrolled actuaries, professional 
standards for the performance of actuarial services under ERISA, the 
grounds for disciplinary action against an enrolled actuary, and the 
procedures to be followed in taking disciplinary actions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159704-03
Drafting attorney: Michael J. Roach (202) 622-6090
CC:TEGE

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

RIN: 1545-BC82
_______________________________________________________________________




2605. DEFINITION OF LOSS FOR PURPOSES OF THE STRADDLE RULES

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

Legal Authority: 26 USC 7805; 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will govern the definition of the term 
``loss'' for purposes of sections 1092 and 263(g).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159869-03
Drafting attorney: Mary Brewer (202) 622-3950
Reviewing attorney: Christina Morrison (202) 622-3950
CC:FI

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-BC83
_______________________________________________________________________




2606. SICKNESS OR ACCIDENT DISABILITY PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: The proposed regulation provides guidance regarding the

[[Page 65098]]

treatment of payments made on account of sickness or accident 
disability under a workers' compensation law for purposes of the 
Federal Insurance Contributions Act (FICA).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG-160315-03
Drafting attorney: David R. Ford (202) 622-6040
Reviewing attorney: Marie Cashman (202) 622-6040
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

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

RIN: 1545-BC89
_______________________________________________________________________




2607. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF 
ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation concerns the disclosure of corporate tax 
information to the Bureau of Economic Analysis, Department of Commerce.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148864-03
Drafting attorney: Melinda K. Fisher (202) 622-4580
CC:PA:DPL

Agency Contact: Melinda K Fisher, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20024
Phone: 202 622-4580

RIN: 1545-BC93
_______________________________________________________________________




2608. GUIDANCE REGARDING THE ACTIVE TRADE OR BUSINESS REQUIREMENT UNDER 
SECTION 355(B)

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 proposed rulemaking will provide guidance regarding the 
active trade or business requirement under section 355(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-123365-03
Drafting attorney: Russell P. Subin (202) 622-7790
Reviewing attorney: Richard Coss (202) 622-7790
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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

RIN: 1545-BC94
_______________________________________________________________________




2609. SUPPORT TEST IN THE CASE OF A CHILD OF DIVORCED PARENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 152

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will update section 1.152-4.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-149856-03
Drafting attorney: Victoria J. Driscoll (202) 622-4920
Reviewing attorney: Stephen J. Toomey (202) 622-4920
Treasury attorney: Eric San Juan (202) 622-0224
CC:ITA

Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-6853

RIN: 1545-BD01
_______________________________________________________________________




2610. PUBLIC INSPECTION OF WRITTEN DETERMINATIONS UNDER SECTION 6110 OF 
THE INTERNAL REVENUE CODE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This temporary regulation replaces and updates the existing 
regulation to include procedures for the public availability of Chief 
Counsel advice. It also reflects changes to the organizational 
structure of the Internal Revenue Service and Office of Chief Counsel, 
changes to the Code, and technological advances related to the 
electronic availability of Internal Revenue Service documents to the 
public.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113129-98
Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570
Reviewing attorney: Donald Squires (202) 622-4570

[[Page 65099]]

Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:DPL

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

Related RIN: Related to 1545-AX40
RIN: 1545-BD09
_______________________________________________________________________




2611. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5) 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 412(b)(5)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This temporary regulation will provide rules regarding the 
current liability interest rate under section 412(b)(5).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105966-04
Drafting attorney: Linda S.F. Marshall (202) 622-8012
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

Related RIN: Related to 1545-BD13
RIN: 1545-BD14
_______________________________________________________________________




2612. DEFINITION OF QUALIFIED FOREIGN CORPORATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805(a); 26 USC 1

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Notice 2003-79, section 5, published on November 28, 2003, 
states that the IRS intends to issue regulations, for years after 2003, 
that provide procedures for a foreign corporation to certify that it is 
a qualified foreign corporation for purposes of IRC section 
1(h)(11)(C). The regulations will also provide procedures for 
certifying that a security that is not a common or ordinary share is 
equity rather than debt; that a foreign company is entitled to benefits 
under a comprehensive income tax treaty where a security is not readily 
tradable on a recognized U.S. stock exchange; and that the foreign 
corporation is not a PFIC in the taxable year in which a dividend is 
paid, or in the preceding taxable year. The regulations are also 
expected to address the meaning of the requirement in the legislative 
history that to qualify under a treaty for purposes of 1(h)(11) 
``substantially all of . . .[the foreign corporation's] income in the 
taxable year in which the dividend is paid'' must qualify for treaty 
benefits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107420-04
Drafting attorney: Michelle L. Drumbl (202) 622-3880
Reviewing attorney: Karen Rennie (202) 622-3880
Treasury attorney: John Harrington (202) 622-0589
CC:INTL

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

RIN: 1545-BD15
_______________________________________________________________________




2613. REMIC INTEREST-ONLY REGULAR INTERESTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These rules relate to the proper timing of income or 
deduction attributable to an interest-only regular interest in a Real 
Estate Mortgage Investment Conduit (REMIC).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/25/04                    69 FR 52212
NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106679-04
Drafting attorney: Kathleen Sleeth (202) 622-3920
Reviewing attorney: Dale Collinson (202) 622-3920
Treasury attorney: Michael Novey (202) 622-1339
CC:FI

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-BD18
_______________________________________________________________________




2614. ESCROW ACCOUNTS, TRUSTS, AND OTHER FUNDS USED DURING DEFERRED 
EXCHANGES OF LIKE-KIND PROPERTY

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 468B(g)

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: These regulations provide rules under section 468B(g) 
regarding the taxation and reporting of the income earned on escrow 
accounts, trusts, and other funds used for deferred exchanges of like-
kind property under section 1031(a)(3). The regulations affect 
qualified escrow accounts, qualified trusts, and other funds 
established in connection with deferred like-kind exchanges, and the 
taxpayers, escrowees, trustees, qualified intermediaries, and other 
parties who receive the funds or establish, maintain, and administer 
the accounts.

[[Page 65100]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-113365-04
Drafting attorney: A. Katharine J. Kiss (202) 622-4930
Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930
Treasury attorney: Viva Hammer (202) 622-0869
CC:ITA

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

Related RIN: Split from 1545-AR82
RIN: 1545-BD19
_______________________________________________________________________




2615. SECTION 42 QUALIFIED CONTRACT PROVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation under sections 42(h)(6)(F) and 
42(h)(6)(K) will provide guidance for provisions relating to qualified 
contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-114084-03
Drafting attorney: Lauren R. Taylor (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury reviewer: Sharon Kay (202) 622-0865
CC:PSI

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

RIN: 1545-BD20
_______________________________________________________________________




2616. PAYMENTS FOR WHICH NO RETURN OF INFORMATION IS REQUIRED UNDER 
SECTION 6041

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

Legal Authority: 26 USC 6041

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation will remove section 1.6041-3(g) of 
the Income Tax Regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147136-03
Drafting attorney: Michelle B. Baxter (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-7085
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJ

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

RIN: 1545-BD21
_______________________________________________________________________




2617. DEFINITION OF DISQUALIFIED PERSON

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 proposed regulations provide certain changes to the 
definition of a disqualified person under section 1.1031-1(k) of the 
income tax regulations to facilitate the ability of banks and bank 
affiliates to act as qualified intermediaries in section 1031 
exchanges.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-160005-03
Drafting attorney: Brendan P. O'Hara (202) 622-4920
Reviewing attorney: Steven Toomey (202) 622-4920
Treasury attorney: Matthew Lay (202) 622-1788
CC:ITA

Agency Contact: Brendan P. O'Hara, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920

RIN: 1545-BD28
_______________________________________________________________________




2618. TRANSFERS OF RESTRICTED STOCK

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 83

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations address the application of section 
83 to the transfer of substantially nonvested stock to a related 
person.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-127147-04
Drafting attorney: Stephen B. Tackney (202) 622-6030
Treasury attorney: Dan Hogans (202) 622-1332
CC: TEGE

Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service,

[[Page 65101]]

1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-6030

Related RIN: Related to 1545-BD45
RIN: 1545-BD44
_______________________________________________________________________




2619. APPLICATION OF SECTIONS 304(B)(6) AND 367 IN CROSS BORDER SECTION 
304 TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 304(b)(6); 26 USC 367(a)(6); 26 
USC 367(b)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation will coordinate sections 304 and 367 
in cross-border stock redemptions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-127740-04
Drafting attorney: Tracy D. Perry (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

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

RIN: 1545-BD46
_______________________________________________________________________




2620. AGGREGATE COMPUTATION; ALLOCATION OF RESEARCH CREDIT II

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 41

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the computation and allocation of 
the credit for increasing research activities for members of a 
controlled group under section 41(f) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/05                    70 FR 29662
Public Hearing                  10/19/05                    70 FR 29662
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-134030-04
Drafting attorney: Nicole R. Cimino (202) 622-3120
Reviewing attorney: Brenda M. Stewart (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI

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

Related RIN: Related to 1545-BA88, Related to 1545-BE17
RIN: 1545-BD60
_______________________________________________________________________




2621. DECLARATORY JUDGMENT--GIFT TAX VALUE

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7477

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations relating to the redetermination of value 
of certain gifts in a declaratory judgment action.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-143716-04
Drafting attorney: Juli Ro Kim (202) 622-3090
Reviewing attorney: George Masnik (202) 622-3090
Treasury attorney: Cathy Hughes (202) 622-9407
CC: PSI

Agency Contact: Juli Ro Kim, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3090

RIN: 1545-BD67
_______________________________________________________________________




2622. USE OF ELECTRONIC TECHNOLOGIES FOR PROVIDING NOTICES AND 
TRANSMITTING ELECTIONS AND CONSENTS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 401; PL106-229, sec 104

CFR Citation: 26 CFR 1; 26 CFR 35; 26 CFR 54

Legal Deadline: None

Abstract: The proposed regulations provide guidance on the permitted 
use of electronic media to provide certain notices to recipients or to 
transmit participant and beneficiary elections or consents with respect 
to employee benefit plans. In general, the proposed regulations would 
affect plan sponsors of and participants and beneficiaries in employee 
benefit plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-138362-04
Drafting attorney: Pamela R. Kinard (202) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6060
Treasury attorney: Bill Bortz (202) 622-1352
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-BD68

[[Page 65102]]

_______________________________________________________________________




2623. DISABLED ACCESS CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 44; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Guidance under section 44 regarding the disabled access 
credit for eligible small business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-144246-04
Drafting attorney: Eric B. Lee (202) 622-3120
Reviewing attorney: Leslie H. Finlow (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
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-BD69
_______________________________________________________________________




2624. SECTION 704(B)(2) AND SUBSTANTIALITY

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 704(b)(2)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Clarify the substantiality rules under section 1.704-
1(b)(2)(iii) as to the impact of the tax consequences to owners or 
partners on the determination of substantiality.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144620-04
Drafting attorneys: Tim Leska (202) 622-3050
Reviewing attorney: Beverly Katz (202) 622-3060
Treasury attorney: Matthew Lay (202) 622-1788
CC:PSI

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

RIN: 1545-BD70
_______________________________________________________________________




2625. REGULATIONS UNDER SECTION 706 REGARDING DETERMINATION OF 
DISTRIBUTIVE SHARE WHEN A PARTNER'S INTEREST CHANGES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 706

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules regarding the 
determination of a partner's distributive share when the partner's 
interest changes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144689-04
Drafting attorney: Laura C. Fields (202) 622-3050
Reviewing attorney: David Haglund (202) 622-3050
Treasury attorney: Matthew Lay (202) 622-1788
CC:PSI

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

RIN: 1545-BD71
_______________________________________________________________________




2626. SHAREHOLDER'S BASIS IN STOCK OF AN S CORPORATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 1367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules relating to the 
determination of a shareholder's basis in stock of an S corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-144859-04
Drafting attorney: Stacy L. Short (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: Matthew Lay (202) 622-1788
CC:PSI

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

RIN: 1545-BD72
_______________________________________________________________________




2627. GUIDANCE UNDER SECTION 6501(C)(1) REGULATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 6501

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide guidance with respect to the 
statute of limitations on assessment being held open indefinitely if 
someone that is affiliated with a taxpayer's return (e.g., preparer, 
appraiser, accountant, etc.) commits fraud with respect to that return.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

[[Page 65103]]

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-144905-04
Drafting attorney: Matthew Cooper (202) 622-4940
Reviewing attorney: Charles Hall (202) 622-4940
CC:PA:APJ

Agency Contact: Matthew Cooper, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-4940

RIN: 1545-BD73
_______________________________________________________________________




2628. GUIDANCE UNDER SECTION 707(C) REGARDING GUARANTEED PAYMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 707

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will modify the regulations under section 
707(c) to address certain situations involving guaranteed payments to 
partners.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144694-04
Drafting attorney: Jason T. Smyczek (202) 622-3050
Reviewing attorney: David Haglund (202) 622-3050
Treasury attorney: Matthew Lay (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-BD74
_______________________________________________________________________




2629. POSSIBLE UPDATE AND REVISION OF TREASURY REGULATION SECTIONS 
1.381(C)(4) AND (5)-1

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 381(c)(4); 26 USC 381(c)(5)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed amendments will focus on how to determine the 
principal accounting method; how taxpayers will procedually change when 
they're not permitted to use or prefer not to use the principal 
accounting method; how taxpayers will reflect the difference in 
computing taxable income when they change their accounting methods; 
reconciling Treasury Regulation section 1.381(c)(4) language, terms, 
and conditions with Treasury Regulation section 1.381(c)(5); 
reordering, simplifying, and indexing Treasury Regulation sections 
1.381 (c)(4) and (5).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-151884-03 and REG-151887-03
Drafting attorney: C. Oseekey (202) 622-4970
Reviewing attorney: Jeffery G. Mitchell (202) 622-4970
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA

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

RIN: 1545-BD81
_______________________________________________________________________




2630. AMENDMENTS TO 26 CFR SECTION 1.263(A)-5 REGARDING TREATMENT OF 
CAPITALIZED COSTS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 263(a)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The Service and Treasury Department intends to propose 
regulations to address the treatment of amounts that facilitate certain 
tax-free and taxable transactions and other restructurings and that are 
required to be capitalized under section 263(a) and section 1.263(a)-5.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143640-04
Drafting attorney: Angella L. Warren (202) 622-4950
Reviewing attorney: Glenn Bogdonoff (202) 622-4950
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:ITA

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

RIN: 1545-BD82
_______________________________________________________________________




2631. GUIDANCE REGARDING SELECTED ISSUES UNDER SECTION 336(E)

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 336; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations will address the circumstances in which 
a corporation that owns stock in another corporation meeting the 
requirements of section 1504(a)(2) and that sells, exchange, or 
distribution as a disposition of the assets of such other corporation.

[[Page 65104]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143544-04
Drafting attorney: Emidio J. Forlini (202) 622-7930
CC: COR

Agency Contact: Emidio J. Forlini Jr., Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7930

RIN: 1545-BD84
_______________________________________________________________________




2632. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF 
ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Authorize disclosure of additional corporate tax information 
to Bureau of Economic Analysis, Department of Commerce.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-148864-03 AND 147195-04
Drafting attorney: Melinda K. Fisher (202) 622-4580
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:DPL

Agency Contact: Melinda K Fisher, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20024
Phone: 202 622-4580

Related RIN: Related to 1545-BC93, Related to 1545-BE01, Related to 
1545-BE08
RIN: 1545-BE02
_______________________________________________________________________




2633. REDUCTION OF FUEL EXCISE TAX EVASION

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: Changes to tax on aviation grade kerosene, alcohol fuel 
provisions, and other excise taxes related to taxable fuels.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-153838-04
Drafting attorney: Susan Athy (202) 622-3130
Reviewing attorney: Frank Boland (202) 622-3130 and Lewis Fernandez 
(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-BE03
_______________________________________________________________________




2634. ELIMINATION OF COUNTRY-BY-COUNTRY REPORTING TO SHAREHOLDERS OF 
FOREIGN TAXES PAID BY REGULATED INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6031

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will generally eliminate country-by-country 
reporting to shareholders of foreign source income and foreign taxes 
paid by regulated investment company (RIC). A RIC will continue to 
report this information directly to the IRS. The regulations will 
affect certain RICs that pay foreign taxes and their shareholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105248-04
Drafting attorney: Susan T. Baker (202)622-3930
Treasury attorneys: John Harrington (202)622-0589
 Michael Novey (202)622-1339
CC:FI

Agency Contact: Susan T. Baker, Assistant to the Branch Chief, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3930

RIN: 1545-BE09
_______________________________________________________________________




2635. INTRA-GROUP GROSS RECEIPTS UNDER SECTION 41

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 41; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will address the treatment of intra-
group transactions in the determination of a controlled group's gross 
receipts for purposes of the section 41 research credit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-159420-04
Drafting attorney: Eric B. Lee (202) 622-3120
Reviewing attorney: Brenda M. Stewart (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865

[[Page 65105]]

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-BE14
_______________________________________________________________________




2636. CAPITALIZATION OF AMOUNTS PAID TO REPAIR OR IMPROVE TANGIBLE 
PROPERTY

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 clarify the extent to which taxpayers 
must capitalize expenditures to repair, improve, or rehabilitate 
tangible property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-168745-03
Drafting attorney: Kimberly L. Koch (202) 622-5020
Reviewing attorney: Robert M. Casey (202) 622-4950
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA

Agency Contact: Kimberly L. Koch, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW, 
Washington, DC 20224
Phone: 202 622-5020
Fax: 202 622-7241

RIN: 1545-BE18
_______________________________________________________________________




2637. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS 
CREATION ACT OF 2004 (AJCA)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1301

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The project will amend the farm income averaging regulations 
under section 1.1301-1 to include the concept of fishing business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-161695-04
Drafting attorney: Amy J. Pfalzgraf (202) 622-4950
Treasury attorney: John Parcell (202) 622-2578
CC:ITA

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

Related RIN: Related to 1545-BE39
RIN: 1545-BE23
_______________________________________________________________________




2638. EMPLOYER COMPARABLE CONTRIBUTIONS TO HEALTH SAVINGS ACCOUNTS UNDER 
SECTION 4980G

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 4980G; 26 USC 7805

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: The proposed regulations will set forth the rules for 
determining the applicability of the comparability rules for Health 
Savings Accounts under section 4980G. The proposed regulations will 
also set forth the rules for determining whether employer contributions 
to Health Savings Accounts satisfy the comparability rules under 
section 4980G.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-138647-04
Drafting attorney: Barbara E. Pie (202) 622-6080
Reviewing attorney: Harry Beker (202) 622-6080
CC: TEGE

Agency Contact: Barbara E. Pie, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-6080

RIN: 1545-BE30
_______________________________________________________________________




2639. TRACTORS, TRAILERS, TRUCKS, AND TIRES

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: This project will provide guidance on trucks, tractors, 
trailers, and tires in light of legislative changes and litigation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-103380-05
Drafting attorney: Celia Gabrysh (202) 622-3130
Reviewing attorneys: Barbara Franklin (202) 622-3130 and Lewis 
Fernandez (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-BE31
_______________________________________________________________________




2640. INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 199; 26 USC 7805

CFR Citation: 26 CFR 1

[[Page 65106]]

Legal Deadline: None

Abstract: The proposed regulations will provide guidance regarding the 
deduction for income attributable to domestic production activities 
under section 199 of the Internal Revenue Code. Section 199 was enacted 
by section 102 of the American Jobs Creation Act of 2004, and allows a 
deduction equal to 3 percent (for 2005 and 2006) of the lesser of the 
qualified production activities income of the taxpayer or the taxpayers 
taxable income, subject to certain limits. The deduction percentage 
increases to 6 percent for 2007 through 2009 and to 9 percent 
thereafter.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-105847-05
Drafting attorney: Paul F. Handleman (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury reviewer: George Manousos (202) 622-1335
CC: PSI

Agency Contact: Paul F. Handleman, Senior Technician Reviewer, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3040

RIN: 1545-BE33
_______________________________________________________________________




2641. GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations provide guidance for determining 
that a CFC's distributive share of partnership income will qualify for 
the exception contained in section 954(i).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106418-05
Drafting Attorney: Kate Y. Hwa (202) 622-3840
Reviewing Attorney: Phyllis E. Marcus (202) 622-3840
Treasury Attorney: John Harrington (202) 622-0589
CC:INTL

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

RIN: 1545-BE34
_______________________________________________________________________




2642. RELEASE OF LIEN OR DISCHARGE OF PROPERTY

Priority: Info./Admin./Other

Legal Authority: 26 USC 6325; 26 USC 6503; 26 USC 7426

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations that reflect the enactment of sections 
6325(b)(4), 7426(a)(4) and (b)(5), and 6503(f)(2) of the IRS 
Restructuring and Reform Act of 1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-159444-04
Drafting attorney: Debra A. Kohn (202) 622-3620
Reviewing attorney: Lawrence Schattner (202) 622-3620
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:CBS

Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3620
Email: [email protected]

RIN: 1545-BE35
_______________________________________________________________________




2643. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS 
CREATION ACT OF 2004 (AJCA) (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1301

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The project will amend the farm income averaging regulations 
under section 1.1301-1 to include the concept of fishing business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            10/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-161695-04
Drafting attorney: Amy J. Pfalzgraf (202) 622-4950
Treasury attorney: John Parcell (202) 622-2578
CC: ITA

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

Related RIN: Related to 1545-BE23
RIN: 1545-BE39
_______________________________________________________________________




2644. DEFINITION OF DEPENDENT AND OTHER RELATED PROVISIONS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 152

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This project will update regulations under sections 2, 151, 
152, and other sections of the Internal Revenue Code that refer to the 
definition of ``dependent'' in section 152, as amended by the Working 
Families Tax Relief Act of 2004.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

[[Page 65107]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106682-05
Drafting attorney: Victoria J. Driscoll (202) 622-4920
Reviewing attorney: Michael J. Monterurro (202) 622-4920
Treasury attorney: Eric San Juan (202) 622-0224
CC:ITA

Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-6853

RIN: 1545-BE40
_______________________________________________________________________




2645. DISREGARDED ENTITIES AND COLLECTIONS

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

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Amending the regulations governing disregarded entities so 
that certain State law entities that currently are disregarded for all 
Federal tax purposes will be treated as entities separate from their 
owners in collecting and administering Federal employment and certain 
excise taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/18/05                    70 FR 60475
NPRM Comment Period End         01/17/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-114371-05
Drafting attorney: Martin Schaffer (202) 622-3070
Reviewing attorney: Jeanne Sullivan (202) 622-3070
Treasury attorney: Matthew Lay (202) 622-1788
CC: PSI

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

RIN: 1545-BE43
_______________________________________________________________________




2646. BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE 
PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 9501; 26 USC 7804; PL 105-206, sec 1201; PL 105-
206, sec 1204

CFR Citation: 26 CFR 801

Legal Deadline: None

Abstract: The IRS will issue a notice of proposed rulemaking to 
accompany temporary regulations amending 26 CFR part 801 to remove 
limitations on use of quantity measures in measuring and evaluating 
organizational and employee performance, and to add examples of proper 
use of quantity measures and records of tax enforcement results.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-114444-05
Drafting attorney: Karen Keller (202) 283-7919
Reviewing attorney: Neil B. Worden (202) 283-7911
Treasury attorney: Michael Desmond (202) 622-1981
CC:GLS:CL

Agency Contact: Karen Keller, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-7919

Related RIN: Related to 1545-BE46
RIN: 1545-BE45
_______________________________________________________________________




2647. BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE 
PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 9501; 26 USC 7804; PL 105-206, sec 1201; PL 105-
206, sec 1204

CFR Citation: 26 CFR 801

Legal Deadline: None

Abstract: The IRS will issue temporary regulations amending 26 CFR part 
801 to remove restrictions on use of quantity measures in measuring and 
evaluating organizational and employee performance, and to add examples 
of proper use of quantity measures and records of tax enforcement 
results.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-114444-05
Drafting attorney: Karen Keller (202) 283-7919
Reviewing attorney: Neil B. Worden (202) 283-7911
Treasury attorney: Michael Desmond (202) 622-1981
CC:GLS:CL

Agency Contact: Karen Keller, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-7919

Related RIN: Related to 1545-BE45
RIN: 1545-BE46
_______________________________________________________________________




2648. INFORMATION RETURNS REQUIRED WITH RESPECT TO CERTAIN FOREIGN 
CORPORATIONS AND OTHER CONFORMING CHANGES

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 regarding accounting 
methods and penalties under section 6038.

[[Page 65108]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-109512-05
Drafting attorney: Kate Y. Hwa (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
Treasury attorney: John Harrington (202) 622-0589
CC:INTL

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

RIN: 1545-BE47
_______________________________________________________________________




2649. [bull] LOW-INCOME HOUSING CREDIT ALLOCATION AND CERTIFICATION; 
REVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 42

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 1.42-1(h) requires a taxpayer to file Form 8609 with 
the taxpayer's federal income tax return for 15 years. The regulations 
will improve the administration of the low-income housing credit 
program by allowing all Forms 8609 to be processed at one location and 
reduce taxpayer burden by allowing the taxpayer to file the form one 
time.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-115398-05
Drafting attorney: Paul F. Handleman (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI

Agency Contact: Paul F. Handleman, Senior Technician Reviewer, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3040

RIN: 1545-BE50
_______________________________________________________________________




2650. [bull] SPECIAL DEPRECIATION ALLOWANCE-EXTENDED PLACED-IN SERVICE 
DATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provides rules relating to property that is eligible for 
extended placed-in-service date for purposes of the additional first 
year depreciation allowance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120914-05
Drafting attorney: Patrick S. Kirwan (202)622-3110
Reviewing attorney: Kathleen Reed (202)622-3110
Treasury reviewer: George Manousos (202)622-1335
CC:PSI

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

Related RIN: Related to 1545-BE56
RIN: 1545-BE55
_______________________________________________________________________




2651. [bull] SPECIAL DEPRECIATION ALLOWANCE-EXTENDED PLACED-IN-SERVICE 
DATE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provides rules relating to property that is eligible for 
extended placed-in-service date for purposes of the additional first 
year depreciation allowance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120914-05
Drafting attorney: Patrick S. Kirwan (202)622-3110
Reviewing attorney: Kathleen Reed (202)622-3110
Treasury attorney: George Manousos (202)622-1335
CC:PSI

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

Related RIN: Related to 1545-BE55
RIN: 1545-BE56
_______________________________________________________________________




2652. [bull] LIMITATION ON TRANSFER OF BUILT-IN LOSSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 362(e); 26 USC 1502; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance for applying 26 U.S.C. 
362(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110405-05
Drafting attorney: Jay M. Singer (202) 622-7530
Reviewing attorney: Filiz Serbes (202) 622-7790
Treasury attorney: Audrey Nacamuli (202) 622-5721

[[Page 65109]]

CC:COR

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

Related RIN: Related to 1545-BE59
RIN: 1545-BE58
_______________________________________________________________________




2653. [bull] LIMITATION ON TRANSFER OF BUILT-IN LOSSES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 362; 26 USC 1502; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance for applying 26 U.S.C. 
326 (e) to consolidated groups.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            03/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110405-05
Drafting attorney: Jay M. Singer (202) 622-7530
Reviewing attorney: Filiz Serbes (202) 622-7790
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC: COR

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

Related RIN: Related to 1545-BE58
RIN: 1545-BE59
_______________________________________________________________________




2654. [bull] RESEARCH EXPENDITURES RESULTING IN INVENTORY PROPERTY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 174

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the treatment, under section 
174, of amounts paid or incurred for the direct labor and materials 
used to construct property to be sold to third parties.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-124148-05
Drafting attorney: Eric B. Lee (202) 622-3120
Reviewing attorney: Leslie Finlow (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
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-BE64
_______________________________________________________________________




2655. CONVERTING AN IRA ANNUITY TO A ROTH IRA

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Proposed regulations concerning the tax consequences of 
converting a traditional IRA annuity to a Roth IRA. These regulations 
affect individuals establishing ROTH IRAs, beneficiaries enter Roth 
IRAs, out trustees, custodians, on issuers of Roth IRAs. The text of 
temporary regulations also serves as the text of these cross-referenced 
proposed regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-122857-05
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

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

Related RIN: Related to 1545-BE66
RIN: 1545-BE65
_______________________________________________________________________




2656. CONVERTING AN IRA ANNUITY TO A ROTH IRA (TEMPORARY)

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Regulations concerning the tax consequences of converting a 
traditional IRA annuity to a Roth IRA. The regulations affect 
individuals establishing Roth IRAs, beneficiaries enter Roth IRAs, and 
trustees, custodians, on issuers of Roth IRAs. These regulations are 
temporary regulations. A cross-reference proposed regulation is also 
being issued.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            01/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-122857-05
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Cathy A. Vohs, Attorney-Advisor, Department of the

[[Page 65110]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090

Related RIN: Related to 1545-BE65
RIN: 1545-BE66
_______________________________________________________________________




2657. [bull] ASSUMPTION OF LIABILITIES

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: Special rules for assumption of liabilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106736-00
Drafting attorney: Douglas Bates (202) 622-7550
CC:COR

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

Related RIN: Related to 1545-AX93
RIN: 1545-BE67
_______________________________________________________________________




2658. [bull] SECTION 401(A)(4) GUIDANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 401; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide additional guidance on satisfying the section 
401(a)(4) nondiscrimination requirement with respect to benefits or 
contributions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-127586-05
Drafting attorney: Christopher A. Crouch (202) 622-6090
Reviewing attorney: Linda S. Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC: TEGE

Agency Contact: Christopher A. Crouch, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW, 
Washington, DC 20224
Phone: 202 622-6090

RIN: 1545-BE69
_______________________________________________________________________




2659. [bull] QUALIFIED SEVERANCE OF A TRUST FOR GENERATION-SKIPPING 
TRANSFER (GST) TAX PURPOSES II

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2642; 26 USC 2654

CFR Citation: 26 CFR 26

Legal Deadline: None

Abstract: This proposed regulation provides guidance for severing a 
trust that does not meet the requirements of a qualified severance. If 
a trust is severed in a manner that is effective under state law, but 
does not meet the requirements of a qualified severance, the severed 
trusts will be treated as separate trusts for GST purposes. Each 
severed trust will have the same inclusion ratio as the original trust 
immediately before the division. GST exemption can be separately 
allocated to each severed trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-128843-05
Drafting attorney: Mayer Samuels (202) 622-3090
Reviewing attorney: George Masnik (202) 622-3090
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

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

RIN: 1545-BE70
_______________________________________________________________________




2660. [bull] SPECIAL RULE REGARDING CERTAIN SECTION 951 PRO RATA SHARE 
ALLOCATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will provide rules to determine a 
United States shareholder's pro rata share of subpart F income of a 
controlled foreign corporation where the corporation's earnings and 
profits substantially exceed its book profits determined under GAAP.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129782-05
Drafting Attorney: Jefferson Vanderwolk (202) 622-3800
Reviewing Attorney: Phyllis E. Marcus (202) 622-3840
Treasury Atturney: Andrew Froberg (202) 622-1779
CC:INTL

Agency Contact: Jefferson Vanderwolk, Atttorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3800

RIN: 1545-BE71
_______________________________________________________________________




2661. [bull] INFORMATION REPORTING ON REAL ESTATE TRANSACTIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 6011; 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation amends 26 CFR section 1.6045-4 of the Income 
Tax Regulations by providing that a sale or

[[Page 65111]]

exchange of an interest in timber for an outright or a lump sum amount 
is subject to information reporting under 26 U.S.C. section 6045(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-155669-04
Drafting attorney: Tatiana Belenkaya (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
CC:PA:APJ

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

RIN: 1545-BE73
_______________________________________________________________________




2662. [bull] DIVIDENDS PAID DEDUCTION FOR STOCK HELD IN EMPLOYEE STOCK 
OWNERSHIP PLAN

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 USC 404(K)

Legal Deadline: None

Abstract: The regulations will provide guidance, concerning which 
corporation is entitled to the deduction provided under section 404(K) 
for applicable securities of a corporation held by an ESOP when stock 
held by the ESOP is not stock of the employer maintaining the plan and 
concerning the disallowance of a deduction under section 404(K) for 
payments in redemption of stock held by an ESOP that are used to make 
distributions to terminating participants.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-133578-05
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-BE74
_______________________________________________________________________




2663. [bull] START-UP AND ORGANIZATIONAL EXPENDITURES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 195; 26 USC 248; 26 USC 709

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations implement the changes to sections 
195, 248, and 709 of the Internal Revenue Code, made by section 902 of 
the American Jobs Creation Act of 2004 (Pub. L. No. 108-357). Under the 
Act, a corporate taxpayer may elect to deduct up to $5000 of start-up 
expenditures and $5000 of organizational expenditures in the taxable 
year in which the trade or business begins. The remainder of the start-
up or organizational expenditures are allowed as deductions ratably 
over the 180-month period beginning with the month the corporation 
begins business. Similar rules are provided for organizational and 
syndication fees for partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-164965-04
Drafting attorney: Grace K. Matuszeski (202) 622-7900
Treasury attorney: George Manousos (202) 622-1335
CC:ITA

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

Related RIN: Related to 1545-BE78
RIN: 1545-BE77
_______________________________________________________________________




2664. [bull] REMIC RESIDUALS-FOREIGN HOLDERS (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: The temporary regulations accelerate, under section 860G(b), 
the recognition of income associated with a Real Estate Mortgage 
Investment Conduct (REMIC) residual interest that is allocated to a 
foreign persons including a foreign partner in a domestic partnership. 
The temporary regulation also clarifies a domestic partnership's 
responsibility for withholding tax under sections 1441 and 1442 with 
respect to a foreign partner's share of REMIC residual interest net 
income.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159929-02
Drafting attorney: Arturo Estrada (202) 622-3900
CC:FI

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-BE81
_______________________________________________________________________




2665. [bull] LIFE/NON-LIFE TACKING RULE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations address the tacking rule requirement 
relating to the separation of profit and loss activities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

[[Page 65112]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133036-05
Drafting attorney: Ross E. Poulsen (202) 622-7770
CC:COR

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

Related RIN: Related to 1545-BE86
RIN: 1545-BE85
_______________________________________________________________________




2666. [bull] TARGETED POPULATIONS UNDER SECTION 45D(E)(2)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 450; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance under section 45 D regarding 
how an entity meets the requirements to be a qualified active low-
income community business for purposes of the new markets tax credit 
when its activities involve targeted populations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-142339-05
Drafting attorney: Lauren R. Taylor (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: Stephen Watson (202) 622-1322
CC:PSI

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

RIN: 1545-BE89
_______________________________________________________________________




2667. [bull] RAILROAD TRACK MAINTENANCE CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on claiming the railroad 
track maintenance credit under section 45 G of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-142270-05
Drafting attorney: Sara L. Logan (202) 622-3110

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

Related RIN: Related to 1545-BE91
RIN: 1545-BE90
_______________________________________________________________________




2668. [bull] RAILROAD TRACK MAINTENANCE CREDIT (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on claiming the railroad 
track maintenance credit under section 45G of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/05

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-142270-05
Drafting attorney: Sara L. Logan (202) 622-3110
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

Related RIN: Related to 1545-BE90
RIN: 1545-BE91
_______________________________________________________________________




2669. [bull] GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY 
FORMER SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES

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

Legal Authority: 26 USC 7805; 26 USC 7874

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance under section 
7874(c)(2). Section 7874(a)(2)(B) provides that a foreign corporation 
will be a surrogate foreign corporation, if among other requirements, 
60% of the stock of the entity is owned by former shareholders or 
partners of the domestic entity by reason of their holding an interest 
in the domestic entity. Section 7874(c)(2) states that in determining 
ownership under section 7874(a)(2)(B)(ii) stock held by members of the 
expanded affiliated group is disregarded.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143244-05
Drafting Attorney: Jefferson VanderWolk (202) 622-3810
Reviewing Attorney: Milton Cahn (202) 622-3810
CC:INTL

Agency Contact: Jefferson VanderWolk, Special Counsel, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3810

Related RIN: Related to 1545-BE94
RIN: 1545-BE93

[[Page 65113]]

_______________________________________________________________________




2670. [bull] S CORPORATION GUIDANCE UNDER AMERICAN JOBS CREATION ACT OF 
2004

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1361; 26 USC 1362

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation revises S corporation regulations under 1361 
and other affected code sections to reflect provisions of AJCA, 
including family shareholder election under Act section 231; also 
updates or replaces obsolete references in regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143326-05
Drafting attorney: Bradford R. Poston (202) 622-3060
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-BE95
_______________________________________________________________________




2671. [bull] CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR 
REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 179B of the 
Internal Revenue Code relating to EPA sulfur.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: Undetermined

Additional Information: REG-143453-05
Drafting attorney: Charles J. Magee (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
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

Related RIN: Related to 1545-BE97
RIN: 1545-BE96
_______________________________________________________________________




2672. [bull] DISALLOWANCE OF PARTNERSHIP LOSS TRANSFERS AND BASIS 
REDUCTION IN STOCK OF A CORPORATE PARTNER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 734; 26 USC 743; 26 USC 755; 26 USC 
7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulation intends to provide guidance under 
sections 704, 734, 743, and 755 as amended by the American Jobs 
Creation Act of 2004 regarding the disallowance of certain partnership 
loss transfers, and no reduction of basis in stock held by a 
partnership in a corporate partner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-144468-05
Drafting attorney: Sean I. Kahng (202) 622-3050
CC:PSI

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

RIN: 1545-BE98
_______________________________________________________________________




2673. [bull] SECTION 704(C) AND 737 REGULATIONS-UPDATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 704; 26 USC 737

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed rule will modify regulations under sections 704 
and 737 consistent with Notice 2005-15.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-143397-05
Drafting attorney: Laura C. Fields (202) 622-3050
Reviewing attorney: Beverly Katz (202) 622-3050
Treasury attorney: Matthew Lay (202) 622-1788
CC:PSI

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

RIN: 1545-BE99
_______________________________________________________________________




2674. [bull] CAFETERIA PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 125

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations on Cafeteria plans (employee welfare 
benefit plans allowing employees to choose between taxable benefits and 
nontaxable benefits (e.g., employer-provided accident and health plans, 
group term life insurance or dependent care assistance programs).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

[[Page 65114]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-142695-05
Drafting attorney: Elizabeth A. Purcell (202) 622-6080
Reving attorney: Harry Beker (202) 622-6080
Treasury attorney: Kevin Knopf (202) 622-2329
CC: TEGE

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

Related RIN: Related to 1545-BF01
RIN: 1545-BF00
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2675. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6039E

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulation will prescribe under section 6039E the 
information to be gathered by the State Department and Immigration and 
Naturalization Service on passport and green card applicants and the 
penalties to be imposed on such applicants if they do not supply the 
information.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/24/92                    57 FR 61373
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208274-86 (INTL-978-86)
Drafting attorney: Quyen Huynh (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
CC:INTL

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

RIN: 1545-AJ93
_______________________________________________________________________




2676. 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 or 
business, stock transfers, transfers of intangible assets, and 
transfers of branch operations that have operated at a loss.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209042-86 (INTL-610-86)
Drafting attorney: Thomas D. Beem (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL

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

RIN: 1545-AK74
_______________________________________________________________________




2677. 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                    12/00/05

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

[[Page 65115]]

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
_______________________________________________________________________




2678. 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                    12/00/05

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

RIN: 1545-AO24
_______________________________________________________________________




2679. 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                    12/00/05

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-209619-93 (IA-17-93)
Drafting attorney: Richard Shevak (202) 622-8142
Reviewing attorney: Jeffery G. Mitchell (202) 622-4930
Treasury attorney: Viva Hammer (202) 622-0869
CC:ITA

Agency Contact: Richard Shevak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8142

Related RIN: Related to 1545-BD19
RIN: 1545-AR82
_______________________________________________________________________




2680. 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
Final Action                    06/00/06

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:FI

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
_______________________________________________________________________




2681. 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                    01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-246018-96
Drafting attorney: Linda Boyd (202) 622-3970
Reviewing attorney: Don Drees (202) 622-3970
CC:FI

Agency Contact: Linda Boyd, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington , DC 
20224
Phone: 202 622-3970

RIN: 1545-AU49
_______________________________________________________________________




2682. 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

[[Page 65116]]

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                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113007-99
Drafting attorney: Laura Lederman (202) 622-3980
Treasury attorney: Stephen Watson (202) 622-1322
CC:TEGE

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

RIN: 1545-AU98
_______________________________________________________________________




2683. 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                    12/00/05

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: Elizabeth Handler (202) 622-3920
CC:FI

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-AW06
_______________________________________________________________________




2684. STOCKS AND SECURITIES SAFE HARBOR EXCEPTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies and updates the safe harbor that 
one is not engaged in a trade or business as a result of trading in 
stocks and securities. The amendment will provide additional guidance 
regarding the definitions of stocks and securities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/12/98                    63 FR 32164
Hearing                         09/09/98
NPRM Comment Period End         09/10/98
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106031-98
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
CC:INTL

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

RIN: 1545-AW13
_______________________________________________________________________




2685. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105964-98
Drafting attorney: Frances L. Kelly (202) 622-7072
Reviewing attorney: Michael J. Wilder (202) 622-3393
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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

Related RIN: Related to 1545-BA11
RIN: 1545-AW30
_______________________________________________________________________




2686. REPORTING OF PAYMENTS TO ATTORNEYS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/21/99                    64 FR 27730
Second NPRM                     05/17/02                    67 FR 35064
Final Action                    12/00/05

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

[[Page 65117]]

Reviewing attorney: James C. Gibbons (202) 622-4910
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:APJ

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
_______________________________________________________________________




2687. HIGHWAY VEHICLE--DEFINITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 4051

CFR Citation: 26 CFR 48

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/06/02                    67 FR 38913
Public Hearing                  02/27/03
Final Action                    11/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103829-99
Drafting attorney: Celia Gabrysh (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez 
(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-AX10
_______________________________________________________________________




2688. 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                    12/00/05

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
_______________________________________________________________________




2689. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116050-99
Drafting attorney: Jeffrey Parry (202) 622-3850
Reviewing attorney: Anne Devereaux (202) 622-3850
Treasury attorney: Andrew Froberg (202) 622-0851
CC:INTL

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

RIN: 1545-AX65
_______________________________________________________________________




2690. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN OTHER 
EXPENSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for the allocation and 
apportionment of interest expenses and certain other expenses for 
purposes of the foreign tax credit and certain other international tax 
provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/05/90                     55 FR 3750
Final Action                    12/00/05

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

[[Page 65118]]

_______________________________________________________________________




2691. 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
NPRM Comment Period End         05/01/01
Final Action                    06/00/06

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:FI

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
_______________________________________________________________________




2692. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107279-00
Drafting attorney: Victoria J. Driscoll (202) 622-4920
Reviewing attorney: Robert A. Berkovsky (202) 622-4920
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA

Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-6853

RIN: 1545-AY18
_______________________________________________________________________




2693. HIPAA GENERAL NONDISCRIMINATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 54

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1435
Final Action                    04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114082-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

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

RIN: 1545-AY32
_______________________________________________________________________




2694. HIPAA NONDISCRIMINATION EXCEPTION FOR CHURCH PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7853

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/01                     66 FR 1437
Final Action                    04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114083-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawnshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

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

RIN: 1545-AY33

[[Page 65119]]

_______________________________________________________________________




2695. HIPAA NONDISCRIMINATION EXCEPTION FOR BONA FIDE WELLNESS PROGRAMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1421
Final Action                    04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114084-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawnshunsky (202) 622-6080
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

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

RIN: 1545-AY34
_______________________________________________________________________




2696. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These final regulations will address certain transactions 
between controlled parties that involve intangibles. The regulations 
will provide rules for allocation of income and deductions with respect 
to intangibles pursuant to IRC section 482.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/10/03                    68 FR 53447
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115037-00
Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Helen Hong-
George (202) 435-5220
Reviewing attorney: John M. Breen (202) 435-5265
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

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

RIN: 1545-AY38
_______________________________________________________________________




2697. 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                    12/00/05

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: Victor Penico (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-0869
CC:COR

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
_______________________________________________________________________




2698. 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                    12/00/05

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
_______________________________________________________________________




2699. NORMALIZATION

Priority: Substantive, Nonsignificant

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

CFR Citation: 26 CFR 1

Legal Deadline: None

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

[[Page 65120]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/04/03                    68 FR 10190
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

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

RIN: 1545-AY75
_______________________________________________________________________




2700. TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1441

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will promulgate Notices 2001-4, 2001-11 and 
2001-43 into the section 1441 regulation. Generally, the Notices 
provide transitional relief with respect to the new withholding regime 
for qualified intermediaries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/30/05                    70 FR 16189
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125443-01
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie Mark-Lippe (202) 622-3840
Treasury attorney: Andy Froberg (202) 622-1779
CC:INTL

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

RIN: 1545-AY92
_______________________________________________________________________




2701. 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                    12/00/05

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: Alfred C. Bishop (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 
serves 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

Related RIN: Related to 1545-BB46
RIN: 1545-BA06
_______________________________________________________________________




2702. REDUCTIONS OF ACCRUALS AND ALLOCATIONS BECAUSE OF INCREASED AGE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 411

CFR Citation: 26 CFR 1

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

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/11/02                    67 FR 76123
Hearing                         04/09/03
Final Action                    06/00/06

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

[[Page 65121]]

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

Related RIN: Related to 1545-BB79
RIN: 1545-BA10
_______________________________________________________________________




2703. 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                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG-165706-01
Reviewing attorney: Timothy L. Jones (202) 622-3980
CC:TEGE

Agency Contact: Timothy L. Jones, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-BA46
_______________________________________________________________________




2704. 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
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103580-02
Drafting attorneys: Demetri G. Yatrakis (202) 622-3060
Reviewing attorneys: Audrey W. Ellis (202) 622-3060
Treasury attorney: Matthew Lay (202) 622-7188
CC:PSI

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

Audrey W. Ellis, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3060

RIN: 1545-BA53
_______________________________________________________________________




2705. REDEMPTIONS TREATED AS DIVIDENDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation under section 302 of the Internal Revenue 
Code (Code), permits basis of redeemed stock to be recovered by the 
redeemed shareholder. Regulations under section 304 of the Code reflect 
changes made by the Internal Revenue Service Restructuring and Reform 
Act of 1998, Taxpayer Relief Act of 1997, Tax Reform Act of 1986, 
Deficit Reduction Act of 1984, and the Tax Equity and Fiscal 
Responsibility Act of 1982 to the statute. Regulations under section 
304 also reference proposed regulations under section 302 as they 
relate to the treatment of basis of redeemed stock in redemptions 
treated as dividends.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/18/02                    67 FR 64331
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150313-01
Drafting attorney: Theresa M. Kolish (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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

RIN: 1545-BA80
_______________________________________________________________________




2706. 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                    10/00/05

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

[[Page 65122]]

Phone: 202 622-3060

Related RIN: Related to 1545-AU15
RIN: 1545-BA83
_______________________________________________________________________




2707. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133254-02
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie Mark Lippe (202) 622-3840
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL

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

RIN: 1545-BA86
_______________________________________________________________________




2708. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS

Priority: Substantive, Nonsignificant

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 
expenditures must be allocated to partners under section 704(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/21/04                    69 FR 21454
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139792-02
Drafting attorney: Timothy J. Leska (202) 622-3050
Reviewing attorney: Beverly M. Katz (202) 622-3060
Treasury attorney: Matthew Lay (202) 622-1788
CC:PSI

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

Related RIN: Related to 1545-BD11
RIN: 1545-BB11
_______________________________________________________________________




2709. INVESTIGATIVE DISCLOSURES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103(k)(6)

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will amend existing regulations on disclosure 
of return information by Internal Revenue Officers and employees for 
investigative purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/10/03                    68 FR 41089
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-140808-02
Drafting attorney: Helene R. Newsome (202) 622-4570
Reviewing attorney: Donald M. Squires (202) 622-4570
Treasury attorney: Michael Desmond (202) 622-1981
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

Related RIN: Related to 1545-BB17
RIN: 1545-BB16
_______________________________________________________________________




2710. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-141097-02
Drafting attorney: Cynthia A. McGreevy (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez 
(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
_______________________________________________________________________




2711. MIXED USE OUTPUT FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation describes rules relating to mixed use output 
facilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/23/02                    67 FR 59767
Final Action                    06/00/06

[[Page 65123]]

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Local, State

Federalism:  Undetermined

Additional Information: REG-142599-02
Reviewing attorney: Rebecca L. Harrigal (202) 622-3980
Treasury attorney: Stephen J. Watson (202) 622-1322
CC:TEGE

Agency Contact: Rebecca L. Harrigal, Chief, Branch 5, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437

RIN: 1545-BB23
_______________________________________________________________________




2712. TREATMENT OF SERVICES UNDER SECTION 482

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These final regulations amend the rules for allocation of 
income and deductions with respect to services between members of a 
group of controlled entities, pursuant to section 482.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/10/03                    68 FR 53447
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-146893-02
Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Helen Hong-
George (202) 435-5220
Reviewing attorney: John M. Breen (202) 435-5265
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

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

RIN: 1545-BB31
_______________________________________________________________________




2713. 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. This regulation will provide guidance under 
section 448(d)(5) regarding the nonaccrual experience method of 
accounting.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/21/03                    68 FR 65645
Final Action                    12/00/05

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: Jeffery Mitchell (202) 622-4970
Treasury attorney: George Manousos (202) 622-1335
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
_______________________________________________________________________




2714. 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 depreciation allowance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/08/03                    68 FR 53008
Final Action                    12/00/05

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 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

Related RIN: Related to 1545-BC19
RIN: 1545-BB57
_______________________________________________________________________




2715. 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

[[Page 65124]]

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                            11/16/04                    69 FR 67075
Hearing                         11/16/04                    69 FR 67084
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: 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
_______________________________________________________________________




2716. 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 regulations relate to the obligations of persons who 
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                            08/10/04                    69 FR 48432
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163909-02
Drafting attorney: Taylor Cortright (202) 622-3130
Reviewing attorneys: Frank K. Boland (202) 622-3130 and Lewis J. 
Fernandez (202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

Related RIN: Related to 1545-BB76
RIN: 1545-BB75
_______________________________________________________________________




2717. NOTIONAL PRINCIPAL CONTRACTS; CONTINGENT NONPERIODIC PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: These 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                            02/26/04                     69 FR 8886
NPRM Comment Period End         05/04/04
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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:FI

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
_______________________________________________________________________




2718. PREDECESSORS OR SUCCESSORS UNDER SECTION 355(E)

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) set forth whether a 
transferor to or a transferee of distributing or controlled assets is a 
predecessor or successor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145535-02
Drafting attorney: Stephen P. Fattman (202) 622-7700
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Stephen P. Fattman, Special Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW, 
Washington, DC 20224
Phone: 202 622-7700

RIN: 1545-BB85
_______________________________________________________________________




2719. 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 mark their 
securities to market. If the security is inventory, the dealer must 
include that security at fair market value. Taxpayers must treat any 
security that is not inventory as if they were sold for their 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

[[Page 65125]]

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 (ANPRM) was issued on May 5, 2003, and asked for comments on 
a possible financial statement-tax conformity safe harbor approach for 
valuing certain securities under section 475 for which the 
determination of actual fair market value is administratively 
difficult. On May 24th, 2005, a notice of proposed rulemaking was 
issued. The NPRM provided an elective safe harbor for dealers in 
securities, dealers in commodities and traders in securities and 
commodities. The safe harbor permits these taxpayers to make an 
election pursuant to which the values of the positions reported on 
certain financial statements are used as the fair market value of those 
positions for purposes of section 475, if certain conditions are met. 
Those conditions and limitations are to ensure consistency with fair 
market value tax principles. The NPRM also asked for specific comments 
relating to certain aspects the rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/05                    70 FR 29663
Comment Period End              08/22/05
Public Hearing                  09/15/05
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

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

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
_______________________________________________________________________




2720. PARTNERSHIP EQUITY FOR SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 721; 26 USC 83

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will describe the tax treatment of 
partnership equity issued in connection with the performance of 
services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/05                    70 FR 29675
Public Hearing                  10/05/05                    70 FR 29676
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-105346-03
Drafting attorneys: Demetri G. Yatrakis (202) 622-3060
Reviewing attorney: Audrey W. Ellis (202) 622-3060
Treasury attorney: Matthew Lay (202) 622-1788
CC:PSI

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

Audrey W. Ellis, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3060

RIN: 1545-BB92
_______________________________________________________________________




2721. ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance on the accrual of original 
issue discount on certain REMIC regular interests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/25/04                   69 FR 522217
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108637-03
Drafting attorney: Patrick White (202) 622-3930
Reviewing attorney: Dale Collinson (202) 622-3900
CC:FI

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

RIN: 1545-BB94
_______________________________________________________________________




2722. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF 
LIEN

Priority: Routine and Frequent

Legal Authority: 26 USC 6320; 26 USC 6330

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: IRS is revising the regulations that apply to Collection Due 
Process (CDP) and equivalent hearings under section 6320 involving 
Federal tax liens.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/16/05                    70 FR 54681
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150088-02
Drafting attorney: Laurence K. Williams (202) 622-3600
Reviewing attorney: Gary D. Gray (202) 622-3600
CC:PA:CBS

Agency Contact: Laurence K. Williams, Attorney, Department of the 
Treasury,

[[Page 65126]]

Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224
Phone: 202 622-3600

Related RIN: Related to 1545-BB97
RIN: 1545-BB96
_______________________________________________________________________




2723. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO HEARINGS BEFORE LEVY

Priority: Routine and Frequent

Legal Authority: 26 USC 6330

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: IRS is revising the regulations that apply to Collection Due 
Process (CDP) and equivalent hearings under section 6330 involving 
Federal tax levies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/16/05                    70 FR 54687
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150091-02
Drafting attorney: Laurence K. Williams (202) 622-3600
Reviewing attorney: Gary D. Gray (202) 622-3610
CC:PA:CBS

Agency Contact: Laurence K. Williams, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224
Phone: 202 622-3600

Related RIN: Related to 1545-BB96
RIN: 1545-BB97
_______________________________________________________________________




2724. DETERMINATION OF BASIS OF SECURITIES RECEIVED IN EXCHANGE OR WITH 
RESPECT TO A STOCK OR SECURITIES IN CERTAIN TRANSACTIONS

Priority: Routine and Frequent

Legal Authority: 26 USC 358; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance regarding the determination 
of the basis of stock and securities received in transactions under 
section 355, transactions under section 368, and certain transactions 
under section 351.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/03/04                    69 FR 24107
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116564-03
Drafting attorney: Theresa M. Kolish (202) 622-7530 or Emidio J. 
Forlini, Jr. (202) 622-7930
Reviewing attorney: Alfred Bishop (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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

Emidio J. Forlini Jr., Attorney, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-7930

RIN: 1545-BC05
_______________________________________________________________________




2725. ENTRY OF TAXABLE FUEL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

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                            07/30/04                    69 FR 45631
Public Hearing                  10/05/04                    69 FR 59572
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120616-03
Drafting attorney: Celia A. Gabrysh (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez 
(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
_______________________________________________________________________




2726. 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                            12/19/03                    68 FR 70747
Final Action                    01/00/06

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
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

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
_______________________________________________________________________




2727. CHANGES IN COMPUTING DEPRECIATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

[[Page 65127]]

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                            01/02/04                       69 FR 42
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Related RIN: Related to 1545-BC17
RIN: 1545-BC18
_______________________________________________________________________




2728. VALUE OF LIFE INSURANCE WHEN DISTRIBUTED FROM A QUALIFIED 
RETIREMENT PLAN

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

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                            06/09/04                     69 FR 7385
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126967-03
Drafting attorney: Bruce Perlin (202) 622-6090
Reviewing attorney: Linda Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Bruce Perlin, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-6090

RIN: 1545-BC20
_______________________________________________________________________




2729. SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE DISALLOWED 
UNDER SECTION 265(A)(2)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 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                            05/07/04                    69 FR 25535
Final Action                    12/00/05

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:COR

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
_______________________________________________________________________




2730. 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 the 
linking of borrowing to investment, or 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                           05/07/04                    69 FR 25534
NPRM Comment Period End         08/05/04
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128572-03
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, 
Washington, DC 20224

[[Page 65128]]

Phone: 202 622-3940

RIN: 1545-BC24
_______________________________________________________________________




2731. SECTION 411(D)(6) PROTECTED BENEFITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 4980

CFR Citation: 26 CFR 1; 26 CFR 54

Legal Deadline: None

Abstract: These regulations will provide guidance relating to section 
411(d)(6) of the Code regarding the elimination or reduction 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                            06/24/04                    69 FR 13769
Hearing                         06/24/04                    69 FR 13770
Final Action                    10/00/05

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
Reviewing attorney: Linda S. Marshall (202) 622-6090
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
_______________________________________________________________________




2732. 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
Second NPRM                     12/17/04                    69 FR 75492
NPRM Comment Period End         03/17/05
Hearing                         04/20/05
Final Action                    12/00/05

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

Related RIN: Related to 1545-BC33
RIN: 1545-BC34
_______________________________________________________________________




2733. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN 
(ASFR)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6020

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulation serves as IRS' 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                            07/18/05                    70 FR 41165
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-131739-03
Drafting attorney: Tracey B. Leibowitz (202) 622-4940
Reviewing attorney: Ashton Trice (202) 622-4940
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

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

Related RIN: Related to 1545-BC46
RIN: 1545-BC45
_______________________________________________________________________




2734. GUIDANCE ON PFIC PURGING ELECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These final regulations will provide guidance to taxpayers on 
making timely deemed sale and deemed dividend elections under sections 
1298(b)(1) and 1291.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/04                    69 FR 51967
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120657-04
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

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

RIN: 1545-BC49

[[Page 65129]]

_______________________________________________________________________




2735. QUALIFIED SEVERANCE REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2642(a)(3)(C)

CFR Citation: 26 CFR 26

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                            08/24/04                    69 FR 51967
Final Action                    03/00/06

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) 622-3618
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

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

RIN: 1545-BC50
_______________________________________________________________________




2736. QUALIFIED ZONE ACADEMY BONDS; OBLIGATIONS OF STATES AND POLITICAL 
SUBDIVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide for permissible use of proceeds, 
coordinate and make consistent provisions regarding determination of 
credit rate and maturity date, and implement the ability of S 
corporation shareholders to take the credit allowance under sect 
1397E(a). It will provide for remedial action in case of change in use 
of bond proceeds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/26/04                    69 FR 15747
Public Hearing                  07/21/04
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: Local, State

Additional Information: REG-121475-03
Drafting attorney: Zoran Stojanovic (202) 622-3721
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: 202 622-3721

RIN: 1545-BC61
_______________________________________________________________________




2737. GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES

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

Unfunded Mandates: 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                            11/26/04                    69 FR 68838
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-149519-03
Drafting attorney: Deane M. Burke (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: Matthew Lay (202) 622-1788
CC:PSI

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

RIN: 1545-BC63
_______________________________________________________________________




2738. SECTION 1045 APPLICATION TO PARTNERSHIPS

Priority: Substantive, Nonsignificant

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                            08/12/04                    69 FR 49957
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-150562-03
Drafting attorneys: Charlotte Chyr (202) 622-3070 and Jian Grant (202) 
622-3050
Reviewing attorneys: James Quinn (202) 622-3070 and Mary Beth Collins 
(202) 622-3070
Treasury attorney: John Parcell (202) 622-2578
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

Jian Grant, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-BC67

[[Page 65130]]

_______________________________________________________________________




2739. 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 
1998 (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. Also, the revised regulations will discuss the continued validity 
of extension agreements executed prior to January 1, 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/04/05                    70 FR 10572
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148701-03
Drafting attorney: Debra Kohn (202) 622-3620
Reviewing attorney: Lawrence Schattner (202) 622-3620
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:CBS

Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3620
Email: [email protected]

RIN: 1545-BC72
_______________________________________________________________________




2740. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS 
OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These 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                            12/11/03                    68 FR 69062
Final Action                    12/00/05

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
Reviewing attorney: Lewis K. Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Amber R. Cook, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, Room 5411, 1111 Constitution Avenue 
NW, Washington, DC 20224
Phone: 202 622-7530

Related RIN: Related to 1545-BC38, Related to 1545-BC39
RIN: 1545-BC74
_______________________________________________________________________




2741. DETERMINATION OF RESIDENCY IN U.S. POSSESSIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 937

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The section 937 proposed regulations provide rules for 
determining whether an individual is a bona fide resident of a U.S. 
possession, including America Samoa, Guam, the Northern Mariana 
Islands, Puerto Rico, and the Virgin Islands. The proposed regulations 
also provide rules for determining when income is considered to be from 
sources within a U.S. possession and whether income is effectively 
connected with the conduct of a trade or business within any U.S. 
possession. In addition, the proposed regulations contain additional 
conforming changes to regulations under related or effected sections of 
the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/11/05                    70 FR 18949
Public Hearing                  07/21/05
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-159243-03
Drafting attorney: J. David Varley (202) 435-5262
Reviewing attorney: Douglas Giblen (202) 435-5262
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL

Agency Contact: J. David Varley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave., N.W., 
Washington, DC 20224
Phone: 202 435-5265

W. Edward Williams, Special Counsel, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3830

RIN: 1545-BC86
_______________________________________________________________________




2742. EXCLUSION OF EMPLOYEES OF 501(C)(3) ORGANIZATIONS IN 401(K) AND 
401(M) PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 65131]]

Abstract: This action amends the Income Tax Regulations (26 CFR part 1) 
under section 410(b) of the Internal Revenue Code of 1986 (Code). The 
amendments would allow a section 401(k) plan or a section 401(m) plan 
that is provided under the same general arrangement as the section 
401(k) plan to treat employees of an organization described in section 
501(c)(3), which is exempt from tax under section 501(a), who are 
eligible to make salary reduction contributions to a tax-sheltered 
annuity pursuant to section 403(b) (a section 403(b) annuity) as 
excludable employees for the purpose of testing whether such plans meet 
the minimum coverage requirements specified in section 410(b). Congress 
ordered a modification of the current rule in the Economic Growth and 
Tax Relief Reconciliation Act of 2001 (Pub. L. 107-16, 115 Stat. 38).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/16/04                    69 FR 12291
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-149752-03
Drafting attorney: Lisa Mojiri-Azad (202) 622-6060
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

Agency Contact: Lisa Mojiri-Azad, Assistant Branch Chief, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-BC87
_______________________________________________________________________




2743. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS 
OF A CONSOLIDATED GROUP; COMPUTATION OF TAXABLE INCOME WHEN SECTION 108 
APPLIES TO A MEMBER OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance to prevent circular bases 
computations resulting from the application of sections 108(b) and 
1.1502-28T, and guidance regarding recapture under section 1245 
following application of the look-through rules of section 1017(d) and 
section 1.1502-28T.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/15/04                    69 FR 12091
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-167265-03
Drafting attorney: Amber R. Cook (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Amber R. Cook, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, Room 5411, 1111 Constitution Avenue 
NW, Washington, DC 20224
Phone: 202 622-7530

Related RIN: Related to 1545-BC96
RIN: 1545-BC95
_______________________________________________________________________




2744. SOLID WASTE DISPOSAL FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 142

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will modify the definition of solid waste 
disposal facility for purposes of section 142(a)(6) of the Internal 
Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/10/04                    69 FR 25856
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG-140492-02
Drafting attorney: Aviva M. Roth (202) 622-3980
Reviewing attorney: Timothy Jones (202) 622-3980
CC:TEGE

Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-3980

RIN: 1545-BD04
_______________________________________________________________________




2745. DEEMED IRAS IN GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 408

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Under IRS section 408(q), a qualified employer plan (plans 
described in sections 401(a) of the Code, 403(a), 403(b), and 
governmental plans under section 457(b)) may permit employees to make 
voluntary employee contributions to a ``deemed IRA,'' i.e., separate 
account or annuity established under the plan. Generally, these 
accounts or annuities are treated as IRAs pursuant to IRC section 408. 
Proposed regulations providing guidance with respect to section 408(q) 
were published in the Federal Register on May 20, 2003, and the final 
regulations are expected to be published on or before March 31, 2004. 
Deemed IRAs must satisfy the requirements of section 408(a) except for 
the commingling requirements of section 408(a)(5). Consistent with this 
general rule, section 1.408(q)-1(f)(1) of the proposed regulations 
provides that the trustee or custodian of an individual retirement 
account must be a bank or an entity that received approval from the 
Commissioner to serve as a nonbank trustee, pursuant to section 1.408-
2(e) of the regulations. IRC section 1.408-2(e)(1) provides that an 
entity must demonstrate by written application that the requirements of 
paragraph (e)(2) to (e)(6) of that regulation will be met in order to 
qualify as a nonbank trustee. The new regulation will provide that 
governmental entities need not demonstrate that all of these 
requirements will be met with respect to any deemed IRAs maintained by 
that governmental entity. The new regulation will provide that a 
governmental entity must demonstrate in writing to the satisfaction of 
the Commissioner that the entity will

[[Page 65132]]

administer the trust in a manner that is consistent with the 
requirements of section 408.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/22/04                    69 FR 43786
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-101447-04
Drafting attorney: Linda L. Conway (202) 622-6090
Reviewing attorney: Janet A. Laufer (202) 622-6090
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

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

RIN: 1545-BD07
_______________________________________________________________________




2746. DUAL CONSOLIDATED LOSS REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1503

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides additional guidance with respect to 
dual consolidated losses under section 1503(d).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/05                    70 FR 29868
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-102144-04
Drafting attorney: Kathryn T. Holman (202) 622-3840
Reviewing attorney: John Merrick (202) 622-3800
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

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

RIN: 1545-BD10
_______________________________________________________________________




2747. GUIDANCE ON PHASED RETIREMENT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: Not Yet Determined

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This guidance will lay out rules for establishing a bona fide 
phased retirement program. Generally, such a program would provide 
employees who are at or near eligibility for retirement with the 
opportunity for a reduced schedule and to receive a distribution of a 
proportionate share of their pension benefits based on their ``partial 
retirement.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/10/04                    69 FR 65108
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114726-04
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Janet Laufer (202) 622-6090
Treasury attorney: Bill Bortz (202) 622-1352
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-BD23
_______________________________________________________________________




2748. STOCK HELD BY FOREIGN INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the application of the asset-use 
test to stock held by foreign insurance companies. The regulation will 
provide that the exception to the asset-use test will not apply in 
determining whether the income, gain, or loss from portfolio stock held 
by foreign insurance companies constitutes income effectively connected 
with the conduct of a U.S. trade or business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/25/04                    69 FR 35543
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-117307-04
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-BD27
_______________________________________________________________________




2749. REQUIREMENTS FOR REORGANIZATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 368

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance regarding 
reorganizations under section 368(a)(1)(F) of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/12/04                    69 FR 49836
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

[[Page 65133]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106889-04
Drafting attorney: Robert B. Gray (202) 622-7550
Reviewing attorney: Debra L. Carlisle (202) 622-7550
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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

RIN: 1545-BD31
_______________________________________________________________________




2750. GUIDANCE ON PFIC PURGING ELECTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations will provide guidance regarding 
retroactive relief for 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(b)(1) or section 
1297(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133446-03
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: David Ernick (202) 622-0222
CC:INTL

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

Related RIN: Related to 1545-BC37
RIN: 1545-BD33
_______________________________________________________________________




2751. CLARIFICATION OF DEFINITIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: These regulations will address the treatment of corporate 
continuances under section 7701.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/12/04                    69 FR 49840
Public Hearing                  11/03/04                    69 FR 49840
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-124872-04
Drafting attorney: Thomas D. Beem (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

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

Related RIN: Related to 1545-BD43
RIN: 1545-BD37
_______________________________________________________________________




2752. UNDERPAYMENT FOR QUALIFIED AMENDED RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will revise the definition of ``qualified 
amended return'' in accordance with Notice 2004-38.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/02/05                    70 FR 10062
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-122847-04
Drafting attorney: Nancy M. Galib (202) 622-7022
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

Agency Contact: Nancy M. Galib, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7022

RIN: 1545-BD40
_______________________________________________________________________




2753. TRANSFERS OF RESTRICTED STOCK (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 42 USC 83

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations addressing the application of 
section 83 to the transfer of substantially nonvested stock to a 
related person.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-127147-04
Drafting attorney: Stephen B. Tackney (202) 622-6030
Treasury attorney: Dan Hogans (202) 622-1332
CC: TEGE

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

Related RIN: Related to 1545-BD44
RIN: 1545-BD45

[[Page 65134]]

_______________________________________________________________________




2754. TREATMENT OF DISREGARDED ENTITIES UNDER SECTION 752

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 752; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide rules under section 752 for taking into account the 
net value of a disregarded entity owned by a partner or related person 
for purposes of allocating partnership liabilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/12/04                    69 FR 49832
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128767-04
Drafting attorney: Charlotte Chyr (202) 622-3080
Reviewing attorney: Jeanne Sullivan (202) 622-3050
Treasury attorney: Matthew Lay (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-BD48
_______________________________________________________________________




2755. SECTION 951 PRO RATA RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for determining a U.S. 
shareholder's pro rata share of subpart F income of a controlled 
foreign corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/05/04                    69 FR 47822
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129771-04
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
Treasury attorney: Andrew Froberg (202) 622-1779
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-BD49
_______________________________________________________________________




2756. HIPAA PORTABILITY: SPECIAL ENROLLMENT PROCEDURES, TOLLING, AND 
INTERACTION WITH FMLA

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: These regulations enhance the existing HIPAA portability 
regulations by tolling the running of certain time periods in certain 
circumstances, clarifying the procedures for requesting special 
enrollment, addressing how the HIPAA portability requirements apply to 
individuals taking leave under the Family and Medical Leave Act of 
1993, and prescribing how to count the number of employees an employer 
has.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/04                    69 FR 78800
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-130370-04
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

Related RIN: Related to 1545-AW02, Related to 1545-AX84
RIN: 1545-BD51
_______________________________________________________________________




2757. CONTINUITY OF INTEREST/STOCK FLUCTUATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the circumstances in which the 
determination of whether a potential reorganization satisfies the 
continuity of interest requirement is made by reference to the value of 
the consideration delivered to the target corporation's shareholders as 
of the transaction's signing date.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/10/04                    69 FR 48429
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129706-04
Reviewing attorney: Jeffrey B. Fienberg (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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-BD53
_______________________________________________________________________




2758. GUIDANCE UNDER SECTION 1502; MISCELLANEOUS OPERATING RULES FOR 
SUCCESSOR PERSONS; APPLICABILITY OF SECTION 381

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

[[Page 65135]]

Legal Deadline: None

Abstract: This regulation addresses certain issues related to complete 
liquidations when more than one group member owns stock of the 
liquidating corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/22/05                     70 FR 8552
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131128-04
Drafting attorney: Jeffrey B. Fienberg (202) 622-7770
Reviewing attorney: Edward S. Cohen (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC: COR

Agency Contact: Jeffrey B. Fienberg, Assistant to the Branch Chief, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BD54
_______________________________________________________________________




2759. MANUFACTURER INCENTIVE PAYMENTS IN AN INTERCOMPANY TRANSACTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This project clarifies how the intercompany transaction 
regulations treat manufacturer incentive payments to other members of 
the group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/13/04                    69 FR 50112
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131264-04
Drafting attorney: Frances L. Kelly (202) 622-7770
Reviewing attorney: Gerald B. Fleming (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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-BD55
_______________________________________________________________________




2760. ASSET TRANSFERS FOLLOWING PUTATIVE REORGANIZATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides amendments to section 1.368-2. The 
amendments address the effect of transfers of the assets or the stock 
of parties to a reorganization pursuant to transactions intended to 
qualify as reorganizations within the meaning of section 368(a) of the 
Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/18/04                    69 FR 51209
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-130863-04
Drafting attorney: Jeffrey B. Fienberg (202) 622-7770
Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Jeffrey B. Fienberg, Assistant to the Branch Chief, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BD56
_______________________________________________________________________




2761. GUIDANCE UNDER SECTION 368 REGARDING MERGERS WITH AND INTO A 
FOREIGN CORPORATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation addresses whether a transaction involving one 
or more foreign corporations may qualify as a statutory merger within 
the meaning of section 368(a)(l)(A) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/05/05                      70 FR 746
Final Action                    01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-117969-00
Drafting attorney: Vincent Daly (202) 622-7770
Reviewing attorney: Marlene Oppenheim (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC: COR

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

RIN: 1545-BD76
_______________________________________________________________________




2762. SECTION 1374 EFFECTIVE DATES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 337(d); 26 USC 1374(e); 26 USC 7805(a)

CFR Citation: 26 CFR 1

Legal Deadline: Final, Statutory, December 20, 2007.

Abstract: Section 1374(a) of the Internal Revenue Code imposes a tax on 
recognized built-in gains on assets held by a corporation when it 
converted from a C corporation to an S corporation. This provision is 
generally effective for corporations that had made S corporation 
elections after

[[Page 65136]]

December 31, 1986 (or for certain gains of certain ``small'' 
corporations, December 31, 1988). Section 1374(d)(8) imposes a tax on 
recognized built-in gains on assets received from a C corporation to an 
S corporation in a carryover basis transaction. The proposed 
regulations clarify that: 1) Section 1374(a) applies to a corporation 
if it initially elected S status before the applicable section 1374(a) 
effective date, but then returned to C corporation status and made a 
new S corporation election after the applicable section 1374 effective 
date; and 2) section 1374(d)(8) applies to a carryover basis 
transaction that occurs after December 31, 1986 (or, if applicable, 
December 31, 1988), regardless of when the transferee S corporation 
elected S status.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/04                    69 FR 76635
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-139683-04
Drafting attorney: Stephen R. Cleary (202) 622-7750
Reviewing attorney: Lisa Fuller (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC: COR

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

Related RIN: Related to 1545-BD99
RIN: 1545-BD95
_______________________________________________________________________




2763. FLAT RATE SUPPLEMENTAL WAGE WITHHOLDING

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

Unfunded Mandates: Undetermined

Legal Authority: PL 107-16, sec 101(c)(11); PL 103-66, sec 13273

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Amendment of section 31.3402(g)-1 of Employment Tax 
Regulations to reflect changes in law affecting optional flat rate for 
income tax withholding on supplemental wages.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/05/05                      70 FR 767
NPRM Comment Period End         04/11/05
Other/Hearing                   06/09/05                    70 FR 21163
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-152945-04
Drafting attorney: Alfred G. Kelley (202) 622-6040
CC: TEGE

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

RIN: 1545-BD96
_______________________________________________________________________




2764. DISCLOSURE OF RELATIVE VALUES OF OPTIONAL FORMS OF BENEFIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 417 (a)(3)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will modify regulations issued on December 
17, 2003, to change the effective date provisions of those regulations 
(regarding the explanations that must be provided before a pension plan 
participant waives a qualified joint and survivor annuity) and make a 
few other clarifications.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/28/05                     70 FR 4058
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-15291404
Drafting attorney: Bruce Perlin (202) 622-6090
Reviewing attorney: Linda S.F. Marshall (202) 622-6090
Treasury contact: Harlan Weller (202) 622-1001
CC: TEGE

Agency Contact: Bruce Perlin, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-6090

RIN: 1545-BD97
_______________________________________________________________________




2765. DYE INJECTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations relate to the diesel fuel and kerosene excise 
tax and reflect changes made by the American Jobs Creation Act of 2004 
(Act) regarding mechanical dye injection systems. Under the Act, diesel 
fuel and kerosene that are to be used in a nontaxable use must be 
indelibly dyed by use of a mechanical dye injection system that 
satisfies the requirements set forth in the regulations. The purpose of 
the regulations is to establish standards for tamper resistant 
mechanical injector dyeing that are reasonable, cost-effective, and set 
levels of security commensurate with the applicable facility.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/26/05                    70 FR 21361
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-154000-04
Drafting attorney: William L. Blodgett (202) 622-3090
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

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

Related RIN: Related to 1545-BE44
RIN: 1545-BE04

[[Page 65137]]

_______________________________________________________________________




2766. DESIGNATED ROTH CONTRIBUTIONS UNDER CASH OR DEFERRED ARRANGEMENTS 
UNDER SECTION 401(K)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The regulations would provide guidance concerning the 
requirements for designated Roth contributions for plans containing 
cash or deferred arrangements under section 401(k). The regulations 
affect plans containing cash or deferred arrangements under section 
401(k) and affected participants eligible to make elective deferrals 
under these plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/02/05                    70 FR 10062
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-152354-04
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6040
Treasury contact: Harlan Weller (202) 622-1001
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-BE05
_______________________________________________________________________




2767. CIRCULAR 230-COVERED OPINION 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 municipal bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/20/04                    69 FR 75887
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159824-04
Drafting attorney: Heather L. Dostaler (202) 622-4940
Reviewing attorney: Richard Goldstein (202) 622-3900
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

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

Related RIN: Related to 1545-BA70
RIN: 1545-BE13
_______________________________________________________________________




2768. DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF AGRICULTURE

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

Legal Authority: 26 USC 6103(j)(5)

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation relates to return information to be disclosed 
to the Department of Agriculture for use in conducting the Census of 
Agriculture. The regulation will conform the language in the current 
regulation at 26 CFR 301.6103(j)(5)-1 to the language adopted in the 
recently published regulation pertaining to disclosures to the Bureau 
of the Census at 26 CFR 301.6103(j)(1)-1.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/06/03                    68 FR 33857
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-103809-03
Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:DPL

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

RIN: 1545-BE15
_______________________________________________________________________




2769. EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will delay for one year the applicability 
date of TD 9087, relating to income derived by foreign corporations 
from the international operation of ships or aircraft (Treasury 
regulations sections 1.883-0 through 1.883-5), making those regulations 
applicable to taxable years beginning after September 24, 2004, 
pursuant to section 423 of the American Jobs Creation Act of 2004.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-160687-04
Drafting attorney: Patricia A. Bray (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: Gretchen Sierra (202) 622-1755
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-BE16

[[Page 65138]]

_______________________________________________________________________




2770. WITHHOLDING EXEMPTIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 3402

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: This regulation addresses the application of section 1374 in 
certain cases in which an S corporation elected S status before the 
effective date of section 1374, terminated S corporation status, and 
then re-elected S corporation status after the effective date of 
section 1374. It also addresses the application of section 1374(d)(8).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/14/05                    70 FR 19721
Final Action                    04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-162813-04
Drafting attorney: Margaret A. Owens (202) 622-0047
Reviewing attorney: Janine Cook (202) 622-0047
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

Agency Contact: Margaret A. Owens, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-0047

Related RIN: Related to 1545-BE21
RIN: 1545-BE20
_______________________________________________________________________




2771. [bull] GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY 
FORMER SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7874

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This temporary regulation provides guidance for carrying out 
the rule of section 7874(c)(2). Section 7874(a)(2)(B) provides that a 
foreign corporation will be a surrogate foreign corporation, if among 
other requirements, 60% of the stock of the entity is owned by former 
shareholders or partners of the domestic entity by reason of their 
holding an interest in the domestic entity. Section 7874(c)(2) states 
that in determining ownership under section 7874(a)(2)(B)(ii) stock 
held by members of the expanded affiliated group is disregarded.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-143244-05
Drafting Attorney: Jefferson VanderWolk (202) 622-3810
Reviewing Attorney: Milton Cahn (202) 622-3810
CC:INTL

Agency Contact: Jefferson VanderWolk, Special Counsel, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3810

Related RIN: Related to 1545-BE93
RIN: 1545-BE94
_______________________________________________________________________




2772. [bull] CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR 
REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 179B of the 
Internal Revenue Code relating to EPA sulfur.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            03/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: Undetermined

Additional Information: REG-143453-05
Drafting attorney: Charles J. Magee (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
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

Related RIN: Related to 1545-BE96
RIN: 1545-BE97
_______________________________________________________________________




2773. [bull] CAFETERIA PLANS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 125

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations on cafeteria plans (employee welfare 
benefit plans allowing employees to choose between taxable benefits and 
nontaxable benefits (e.g., employer-provided accident and health plans, 
group term life insurance or dependent care assistance programs).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-142695-05
Drafting attorney: Elizabeth A. Purcell (202) 622-6080
Reviewing attorney: Harry Beker (202) 622-6080
Treasury attorney: Kevin Knopf (202) 622-2329
CC: TEGE

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

Related RIN: Related to 1545-BF00
RIN: 1545-BF01

[[Page 65139]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2774. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Teresa B. Hughes
Phone: 202 622-3850

RIN: 1545-AC09
_______________________________________________________________________




2775. 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: Ricardo A. Cadenas
Phone: 202 435-5262

RIN: 1545-AC10
_______________________________________________________________________




2776. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED, 
DEDUCTION, AND OTHER SPECIAL RULES FOR FSC

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/03/87                     52 FR 6467
NPRM Comment Period End         05/02/87


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Carol Tan
Phone: 202 435-5265

RIN: 1545-AI16
_______________________________________________________________________




2777. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/88                    53 FR 24100
NPRM Comment Period End         08/26/88


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AL93
_______________________________________________________________________




2778. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard L. Chewning
Phone: 202 622-3850

RIN: 1545-AM11
_______________________________________________________________________




2779. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/90                     55 FR 2535


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-AM90
_______________________________________________________________________




2780. 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: Ricardo A. Cadenas
Phone: 202 435-5262

RIN: 1545-AM91
_______________________________________________________________________




2781. 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
_______________________________________________________________________




2782. 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

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AO22

[[Page 65140]]

_______________________________________________________________________




2783. INFORMATION REPORTING AND RECORD MAINTENANCE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Gregory A. Spring
Phone: 202 622-3870

RIN: 1545-AP10
_______________________________________________________________________




2784. REGISTRATION REQUIRED OBLIGATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/93                     58 FR 5316


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AP33
_______________________________________________________________________




2785. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/92                    57 FR 29246


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-AQ55
_______________________________________________________________________




2786. INTEREST-FREE ADJUSTMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6060

RIN: 1545-AQ61
_______________________________________________________________________




2787. 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

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AQ70
_______________________________________________________________________




2788. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/19/88                     53 FR 4999
NPRM Comment Period End         04/19/88
Partially Closed by TD 8548     06/27/94                    59 FR 32911


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Federalism:  Undetermined

Agency Contact: R. Lisa Mojiri-Azad
Phone: 202 622-6080

RIN: 1545-AQ74
_______________________________________________________________________




2789. MARK-TO-MARKET UPON DISPOSITION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/95                      60 FR 397
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen J. Coleman
Phone: 202 622-6289

RIN: 1545-AS85
_______________________________________________________________________




2790. ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND EMPLOYEE 
CONTRIBUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/95                    60 FR 66532
NPRM Comment Period End         03/21/96


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cathy A. Vohs
Phone: 202 622-6090

RIN: 1545-AT82
_______________________________________________________________________




2791. 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

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Gregory A. Spring
Phone: 202 622-3870

RIN: 1545-AT96

[[Page 65141]]

_______________________________________________________________________




2792. APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Linda S.F. Marshall
Phone: 202 622-6090

James A. Quinn
Phone: 202 622-3070

RIN: 1545-AU29
_______________________________________________________________________




2793. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

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

RIN: 1545-AU91
_______________________________________________________________________




2794. ELECTRONIC TRANSMISSION OF WITHHOLDING CERTIFICATES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/14/97                    62 FR 53504


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AV27
_______________________________________________________________________




2795. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses, Organizations

Government Levels Affected: None

Agency Contact: Kathleen Sleeth
Phone: 202 622-3920

RIN: 1545-AW97
_______________________________________________________________________




2796. HIGHLY COMPENSATED EMPLOYEE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: R. Lisa Mojiri-Azad
Phone: 202 622-6080

RIN: 1545-AX48
_______________________________________________________________________




2797. 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
NPRM Comment Period End         06/26/92


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

Related RIN: Split from 1545-AP35, Related to 1545-AS88
RIN: 1545-AY44
_______________________________________________________________________




2798. 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                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Janet A. Laufer
Phone: 202 622-6090

RIN: 1545-AY61
_______________________________________________________________________




2799. PAYMENTS FOR INTEREST IN PARTNERSHIP

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stacy L. Short
Phone: 202 622-3070

RIN: 1545-AY90
_______________________________________________________________________




2800. 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                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas I. Russell

[[Page 65142]]

Phone: 202 622-7550

RIN: 1545-BA09
_______________________________________________________________________




2801. 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: Michael I. Gilman
Phone: 202 622-3850

RIN: 1545-BA93
_______________________________________________________________________




2802. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Dillon Taylor
Phone: 202 622-4940

RIN: 1545-BA96
_______________________________________________________________________




2803. TIMELY MAILING TREATMENT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/21/04                    69 FR 56377


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Dillon Taylor
Phone: 202 622-4940

RIN: 1545-BA99
_______________________________________________________________________




2804. AMENDING THE LOW-INCOME HOUSING TAX CREDIT PROGRAM

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jack Malgeri
Phone: 202 622-3040

RIN: 1545-BB37
_______________________________________________________________________




2805. AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT 
INFORMATION RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/03                    68 FR 40857
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: William M. Kostak
Phone: 202 622-4910

RIN: 1545-BB41
_______________________________________________________________________




2806. APPLICATION OF NONDISCRIMINATION CROSS-TESTING RULES TO CASH 
BALANCE PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/11/02                    67 FR 76123
Hearing                         04/09/03


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Linda S.F. Marshall
Phone: 202 622-6090

Related RIN: Related to 1545-BA10
RIN: 1545-BB79
_______________________________________________________________________




2807. NOTARIZATION REQUIREMENT FOR STATEMENTS OF PURCHASE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/10/03                    68 FR 41087
Comment Period End              10/08/03


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: John T. Ricotta
Phone: 202 622-6060

RIN: 1545-BC11
_______________________________________________________________________




2808. CONTINGENT AT CLOSING ESCROWS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/99                     64 FR 4801


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard Shevak
Phone: 202 622-8142

Related RIN: Related to 1545-AR82
RIN: 1545-BC16
_______________________________________________________________________




2809. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Mae J. Lew
Phone: 202 435-5262

Related RIN: Related to 1545-BD32
RIN: 1545-BC54
_______________________________________________________________________




2810. TRANSACTIONS INVOLVING THE TRANSFER OF NO NET EQUITY VALUE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 65143]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/10/05                    70 FR 11903


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jean R. Brenner
Phone: 202 622-7790

RIN: 1545-BC88
_______________________________________________________________________




2811. DISCLOSURES TO SUBCONTRACTORS

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

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/12/05                     70 FR 2076


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: Federal, Local, State

Agency Contact: Helene R. Newsome
Phone: 202 622-4570

RIN: 1545-BC92
_______________________________________________________________________




2812. ACCUMULATED ADJUSTMENT ACCOUNT AND OTHER CORPORATE SEPARATIONS 
UNDER SECTION 355

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

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Deane M. Burke
Phone: 202 622-3070

RIN: 1545-BC98
_______________________________________________________________________




2813. ATTAINED AGE OF THE INSURED

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

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/05                    70 FR 29671
Other/Comment Period End        08/24/05
Other/Public Hearing            09/14/05                    70 FR 29672


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-BD00
_______________________________________________________________________




2814. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda S.F. Marshall
Phone: 202 622-6090

RIN: 1545-BD13
_______________________________________________________________________




2815. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES 
(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mae J. Lew
Phone: 202 435-5262

Related RIN: Related to 1545-BC54
RIN: 1545-BD32
_______________________________________________________________________




2816. LIFO RECAPTURE UNDER SECTION 1363(D)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/13/04                    69 FR 50109


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Pietro E. Canestrelli
Phone: 202 622-3060

Related RIN: Related to 1545-BC66
RIN: 1545-BD34
_______________________________________________________________________




2817. UPDATE OF 415 REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/05                    70 FR 31214
Other/Public Hearing            08/17/05


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Vernon S. Carter
Phone: 202 622-6060

RIN: 1545-BD52
_______________________________________________________________________




2818. CLASSIFICATION OF INDIAN TRIBAL CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Barbara Campbell
Phone: 202 622-3050

RIN: 1545-BD61

[[Page 65144]]

_______________________________________________________________________




2819. MANDATORY E-FILING FOR FORMS 1120

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/12/05                     70 FR 2075
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Michael E. Hara
Phone: 202 622-4910

RIN: 1545-BD65
_______________________________________________________________________




2820. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ronald M. Gootzeit
Phone: 202 622-3860

Related RIN: Related to 1545-BD78
RIN: 1545-BD77
_______________________________________________________________________




2821. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Ronald M. Gootzeit
Phone: 202 622-3860

Related RIN: Related to 1545-BD77
RIN: 1545-BD78
_______________________________________________________________________




2822. SPECIAL RULES TO REDUCE SECTION 1446 WITHHOLDING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Ronald M. Gootzeit
Phone: 202 622-3860

Related RIN: Related to 1545-AY28
RIN: 1545-BD80
_______________________________________________________________________




2823. DEFINITION OF THE ``DUE DATE'' FOR PURPOSES OF CALCULATING 
OVERPAYMENT INTEREST UNDER SECTION 301.6611(H)

Priority: Info./Admin./Other

CFR Citation: 26 CFR 301

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tatiana L. Belenkaya
Phone: 202 622-4910

RIN: 1545-BD86
_______________________________________________________________________




2824. RETURN FOR SUBCHAPTER T COOPERATIVES

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

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/29/05                    70 FR 43811


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Donnell M. Rini-Swyers
Phone: 202 622-4910

RIN: 1545-BD92
_______________________________________________________________________




2825. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944

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

CFR Citation: 26 CFR 31

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Federal

Agency Contact: Raymond Bailey
Phone: 202 622-4910

Related RIN: Related to 1545-BE00
RIN: 1545-BD93
_______________________________________________________________________




2826. RETURN FOR SUBCHAPTER T COOPERATIVES (TEMPORARY)

Priority: Info./Admin./Other

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Donnell M. Rini-Swyers
Phone: 202 622-4910

Related RIN: Related to 1545-BD92
RIN: 1545-BD98
_______________________________________________________________________




2827. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944 
(TEMPORARY)

Priority: Info./Admin./Other

CFR Citation: 26 CFR 31

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Federal

Agency Contact: Raymond Bailey
Phone: 202 622-4910

Related RIN: Related to 1545-BD93
RIN: 1545-BE00
_______________________________________________________________________




2828. APPLICATION OF SECTION 6404(G) SUSPENSION PROVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Julie A. Jebe

[[Page 65145]]

Phone: 202 622-7950

RIN: 1545-BE07
_______________________________________________________________________




2829. DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/11/05                    70 FR 12166


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: James C. O'Leary
Phone: 202 622-8543

Related RIN: Related to 1545-BC93, Related to 1545-BE02, Related to 
1545-BE01
RIN: 1545-BE08
_______________________________________________________________________




2830. INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL 
PROPERTY CONTRIBUTIONS

Priority: Info./Admin./Other

CFR Citation: 26 CFR 1; 26 CFR 602

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/23/05                    70 FR 29460


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Donnell M. Rini-Swyers
Phone: 202 622-4910

RIN: 1545-BE11
_______________________________________________________________________




2831. SECTION 6011 REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Related RIN: Related to 1545-BE25
RIN: 1545-BE24
_______________________________________________________________________




2832. SECTION 6011 REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Related RIN: Related to 1545-BE24
RIN: 1545-BE25
_______________________________________________________________________




2833. SECTION 6111 REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Related RIN: Related to 1545-BE27
RIN: 1545-BE26
_______________________________________________________________________




2834. SECTION 6111 REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Related RIN: Related to 1545-BE26
RIN: 1545-BE27
_______________________________________________________________________




2835. SECTION 6112 REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Related RIN: Related to 1545-BE29
RIN: 1545-BE28
_______________________________________________________________________




2836. SECTION 6112 REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Related RIN: Related to 1545-BE28
RIN: 1545-BE29
_______________________________________________________________________




2837. DOMESTIC WORKERS REGULATION UPDATE (APPLICATION OF THE FEDERAL 
INSURANCE CONTRIBUTIONS ACT TO PAYMENTS MADE FOR CERTAIN SERVICES)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/26/05                    70 FR 50228


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Paul J. Carlino
Phone: 202 622-0047

RIN: 1545-BE32

[[Page 65146]]

_______________________________________________________________________




2838. MODIFICATIONS TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Audra M. Dineen
Phone: 202 622-4940

Related RIN: Related to 1545-BE49
RIN: 1545-BE48
_______________________________________________________________________




2839. MODIFICATION TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302 
(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Audra M. Dineen
Phone: 202 622-4940

Related RIN: Related to 1545-BE48
RIN: 1545-BE49
_______________________________________________________________________




2840. [bull] REGULATIONS UNDER SECTION 263A REGARDING USE OF SIMPLIFIED 
SERVICE COST METHOD AND SIMPLIFIED PRODUCTION METHOD

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 263A

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Application of simplified service cost method and simplified 
production method to self-constructed assets.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/03/05                    70 FR 44535
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-121584-05
Drafting attorney: Scott H. Rabinowitz (202) 622-4970
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

Related RIN: Related to 1545-BE61
RIN: 1545-BE57
_______________________________________________________________________




2841. [bull] 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

Legal Authority: PL 108-357, sec. 251

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: On November 14, 2001, the IRS and Treasury published proposed 
amendments to the Employment Tax Regulations (26 CFR Part 31) under 
section 424 of the Code, that would address the application of the 
FICA, FUTA, and Collection of Income Tax at Source to statutory stock 
options. These proposed amendments to the regulations were published in 
the Federal Register (66 FR 57023). Because section 251 of the American 
Jobs Creation Act of 2004 (the AJCA), H.R. 4520, Public Law 108-357, 
118 Stat. 1418, subsequently amended sections 3121 (a), 3306(b), 
421(b), and 423(c) of the Code to address the application of the 
Federal Insurance Contributions Act (FICA), Federal Unemployment Tax 
Act (FUTA), and Collection of Income Tax at Source to statutory stock 
options in a manner different than set forth in the proposed amendments 
to the regulations, the IRS and Treasury are withdrawing the proposed 
amendments to the regulations.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-142686-01
Drafting attorney: Paul J. Carlino (202) 622-0047
Reviewing attorney: Michael J. Swim (202) 622-0047 and Kevin Knopf 
(202) 622-2329
CC:TEGE

Agency Contact: Paul J. Carlino, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-0047

Related RIN: Related to 1545-BA26
RIN: 1545-BE60
_______________________________________________________________________




2842. [bull] SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081

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

Legal Authority: 26 USC 6081

CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301

Legal Deadline: None

Abstract: The revision to the regulation will allow certain taxpayers a 
6-month extension of time to file their tax returns. This is a proposed 
regulation.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-144898-04
Drafting attorney: Tracey B. Leibowitz (202) 622-4940
CC:PA:APJ

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

Related RIN: Related to 1545-BE63
RIN: 1545-BE62
_______________________________________________________________________




2843. [bull] SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081 
(TEMPORARY)

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

Legal Authority: 26 USC 6081

CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301

Legal Deadline: None

Abstract: This temporary regulation will allow certain taxpayers a 6-
month extension of time to file their tax returns.

[[Page 65147]]

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-144898-04
Drafting attorney: Tracey B. Leibowitz (202) 622-4940
CC:PA:APJ

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

Related RIN: Related to 1545-BE62
RIN: 1545-BE63
_______________________________________________________________________




2844. [bull] DEFERRED COMPENSATION (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 409 A

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Temporary regulations that reflect the enactment of section 
885 of the American Jobs Creation Act of 2004.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-158080-04
Drafting attorney: Michael B. Hughes (202) 622-6030
CC:TEGE

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

RIN: 1545-BE79
_______________________________________________________________________




2845. [bull] ABANDONMENT OF STOCK AND OTHER SECURITIES

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 165; 26 USC 166

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Guidance is needed regarding the Federal income tax 
consequences of the surrender of stock, securities, or debt for no 
consideration where the surrender is not a gift or contribution. Since 
these interpretive regulations will clarify current law, a cost/benefit 
analysis is not necessary.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-101001-05
Drafting attorney: Joy Spies (202) 622-5020

Agency Contact: Joy Spies, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-5020

RIN: 1545-BE80
_______________________________________________________________________




2846. [bull] FOREIGN CURRENCY CONTRACT DEFINED

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1256(g)(2)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations relate to the definition of a foreign 
currency contract of purposes of section 1256(g)(2) of the Internal 
Revenue Code.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120934-05
Drafting attorney: Stephen J. Coleman (202) 622-6289
CC: FI

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

Related RIN: Related to 1545-BE83
RIN: 1545-BE82
_______________________________________________________________________




2847. [bull] FOREIGN CURRENCY CONTRACT DEFINED (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1256(g)(2)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations relates to the definition of a foreign 
currency contract for purposes of section 1256(g)(2) of the Internal 
Revenue Code.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120934-05
Drafting attorney: Stephen J. Coleman (202) 622-6289
CC:FI

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

Related RIN: Related to 1545-BE82
RIN: 1545-BE83
_______________________________________________________________________




2848. [bull] SPECIAL ALLOCATION OF BASIS IN CONNECTION WITH ADJUSTMENTS 
AND DETERMINATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for allocation of basis of 
member stock in connection with certain intragroup transactions.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-138879-05
Drafting attorney: Theresa M. Kolish (202) 622-7530
CC: COR

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

[[Page 65148]]

Phone: 202 622-7530

Related RIN: Related to 1545-BE88
RIN: 1545-BE87
_______________________________________________________________________




2849. [bull] APPLICATION OF SECTION 338 TO INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 338

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations dealing with guidance of selected 
issues concerning the application of section 338 to insurance 
companies. These rules will address the determination of the amount of 
the ceding commission required to be capitalized under section 848 and 
amortized under section 197 in connection with the deemed asset sale, 
and the effect of reserve increases by new target after the deemed 
asset sale. These rules will be incorporated by reference in final 
regulations, and will be issued concurrently with those final 
regulations (RIN 1545-AY49).

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-146384-05
Drafting attorney: Mark J. Weiss (202) 622-7790
Reviewing attorney: Victor Penico (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

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

Related RIN: Related to 1545-AY49, Related to 1545-BF03
RIN: 1545-BF02
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2850. FOREIGN INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/17/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sheila Ramaswamy
Phone: 202 622-3870

RIN: 1545-AL82
_______________________________________________________________________




2851. FRINGE BENEFIT SOURCING UNDER SECTION 861

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9212                            07/14/05                    70 FR 40663

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-AO72
_______________________________________________________________________




2852. 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

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/17/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

RIN: 1545-AP52
_______________________________________________________________________




2853. TREATMENT OF DUAL CONSOLIDATED LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       04/19/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Kathryn T. Holman
Phone: 202 622-3840

RIN: 1545-AR26
_______________________________________________________________________




2854. FINANCIAL ASSET SECURITIZATION INVESTMENT TRUST (FASIT) START-UP; 
OPERATIONAL AND TRANSITIONAL RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/22/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Arturo Estrada
Phone: 202 622-3900

RIN: 1545-AU94
_______________________________________________________________________




2855. RETURN OF LEVIED PROPERTY IN CERTAIN CASES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9213                            07/14/05                    70 FR 40669

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 65149]]

Government Levels Affected: None

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

RIN: 1545-AV01
_______________________________________________________________________




2856. CAPITAL GAIN GUIDANCE RELATING TO CRTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9190                            03/16/05                    70 FR 12793

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theresa M. Melchiorre
Phone: 202 622-7830

RIN: 1545-AW35
_______________________________________________________________________




2857. CASH OR DEFERRED ARRANGEMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9169                            12/29/04                    69 FR 78144

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: R. Lisa Mojiri-Azad
Phone: 202 622-6080

Related RIN: Related to 1545-AX43
RIN: 1545-AX26
_______________________________________________________________________




2858. ASSUMPTION OF PARTNERSHIP LIABILITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Second NPRM                     05/26/05                    70 FR 30381
Temporary Regulation Completed 
by TD 9207                      05/26/05                    70 FR 30334

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Laura C. Fields
Phone: 202 622-3050

Related RIN: Related to 1545-BB83
RIN: 1545-AX93
_______________________________________________________________________




2859. WITHHOLDING TAX ON FOREIGN PARTNERS' SHARE OF EFFECTIVELY 
CONNECTED INCOME

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Second NPRM                     05/18/05                    70 FR 28743
Final Action Completed by TD 
9200                            05/18/05                    70 FR 28702

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Ronald M. Gootzeit
Phone: 202 622-3860

Related RIN: Related to 1545-BD80
RIN: 1545-AY28
_______________________________________________________________________




2860. GUIDANCE UNDER SECTION 355(E); RECOGNITION OF GAIN ON CERTAIN 
DISTRIBUTIONS OF STOCK OR SECURITIES IN CONNECTION WITH AN ACQUISITION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9198                            04/19/05                    70 FR 20279

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amber R. Cook
Phone: 202 622-7530

Related RIN: Related to 1545-BA55
RIN: 1545-AY42
_______________________________________________________________________




2861. PROPERTY EXEMPT FROM LEVY

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9189                            03/07/05                    70 FR 10885

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robin M. Ferguson
Phone: 202 622-3610

RIN: 1545-BA22
_______________________________________________________________________




2862. INCOME FROM SOURCES WITHIN SPECIFIED POSSESSION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       07/29/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ethan A. Atticks
Phone: 202 622-3840

RIN: 1545-BA37
_______________________________________________________________________




2863. CARRYBACK OF CONSOLIDATED NET OPERATING LOSSES TO SEPARATE RETURN 
YEARS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/22/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theresa M. Kolish
Phone: 202 622-7530

Related RIN: Related to 1545-BA76
RIN: 1545-BA73
_______________________________________________________________________




2864. AGGREGATE COMPUTATION AND ALLOCATION OF RESEARCH CREDIT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 65150]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       05/24/05                    70 FR 29662

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nicole R. Cimino
Phone: 202 622-3120

Related RIN: Related to 1545-AX05, Related to 1545-BD60
RIN: 1545-BA88
_______________________________________________________________________




2865. DESIGNATED IRS OFFICER OR EMPLOYEE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9195                            04/01/05                    70 FR 16711

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Elizabeth D. Rawlins
Phone: 202 622-3600

Related RIN: Related to 1545-BA98
RIN: 1545-BA89
_______________________________________________________________________




2866. DISTRIBUTIONS OF PROPERTY

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 20

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9172                            01/04/05                      70 FR 295

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theresa M. Melchiorre
Phone: 202 622-7830

RIN: 1545-BB12
_______________________________________________________________________




2867. DUPLICATIVE TAX BENEFITS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/16/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jay M. Singer
Phone: 202 622-7530

Related RIN: Related to 1545-BB95
RIN: 1545-BB25
_______________________________________________________________________




2868. INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS FROM 
SRLY YEARS--AMENDED

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9187                            02/03/05                    70 FR 10319

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeffrey B. Fienberg
Phone: 202 622-7770

Related RIN: Related to 1545-BD39
RIN: 1545-BB38
_______________________________________________________________________




2869. ELECTION OUT GENERATION-SKIPPING TRANSFER TAX (GST) DEEMED 
ALLOCATIONS

Priority: Info./Admin./Other

CFR Citation: 26 CFR 601

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9208                            06/29/05                    70 FR 37258

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mayer Samuels
Phone: 202 622-7265

RIN: 1545-BB54
_______________________________________________________________________




2870. INSTALLMENT OBLIGATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9193                            03/22/05                    70 FR 14394

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeanne Sullivan
Phone: 202 622-3070

RIN: 1545-BB65
_______________________________________________________________________




2871. CORPORATE REORGANIZATIONS: CONTINUITY TRANSFERS OF ASSETS OR STOCK 
FOLLOWING A REORGANIZATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/22/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rebecca O. Burch
Phone: 202 622-7550

Related RIN: Related to 1545-BB81
RIN: 1545-BB80
_______________________________________________________________________




2872. DEEMED CORPORATE ELECTION FOR ELECTING S CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9203                            05/23/05                    70 FR 29452

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Rebekah A. Myers
Phone: 202 622-3050

Related RIN: Related to 1545-BD24
RIN: 1545-BC32

[[Page 65151]]

_______________________________________________________________________




2873. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS 
OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9192                            03/22/05                    70 FR 14395

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amber R. Cook
Phone: 202 622-7530

Related RIN: Related to 1545-BC39
RIN: 1545-BC38
_______________________________________________________________________




2874. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN 
(ASFR) (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation Completed 
by TD 9215                      07/18/05                    70 FR 41144

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tracey B. Leibowitz
Phone: 202 622-4940

Related RIN: Related to 1545-BC45
RIN: 1545-BC46
_______________________________________________________________________




2875. GUARANTEE FEES UNDER SECTION 143(G)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9204                            05/23/05                    70 FR 29447

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Agency Contact: Michael P. Brewer
Phone: 202 622-3980

RIN: 1545-BC59
_______________________________________________________________________




2876. PREDECEASED PARENT RULE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 26

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9214                            07/18/05                    70 FR 41140

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lian A. Mito
Phone: 202 622-7830

RIN: 1545-BC60
_______________________________________________________________________




2877. SECTION 179 ELECTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9209                            07/13/05                    70 FR 40189

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Winston H. Douglas
Phone: 202 622-3110

RIN: 1545-BC69
_______________________________________________________________________




2878. REAL ESTATE MORTGAGE INVESTMENT CONDUIT (REMIC) TETRA RULES

Priority: Info./Admin./Other

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9182                            02/25/05                     70 FR 9218

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Arturo Estrada
Phone: 202 622-3900

RIN: 1545-BC71
_______________________________________________________________________




2879. TREATMENT OF FOREIGN STAPLED CORPORATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9216                            07/29/05                    70 FR 43757

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert W. Lorence
Phone: 202 622-3860

Related RIN: Related to 1545-BD06
RIN: 1545-BD05
_______________________________________________________________________




2880. TREATMENT OF FOREIGN STAPLED CORPORATION (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9216                            07/29/05                    70 FR 43757

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard L. Osborne
Phone: 202 622-3860

Related RIN: Related to 1545-BD05
RIN: 1545-BD06
_______________________________________________________________________




2881. TIME AND MANNER OF MAKING SECTION 163(D)(4)(B) ELECTION TO TREAT 
QUALIFIED DIVIDEND INCOME AS INVESTMENT INCOME

Priority: Info./Admin./Other

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9191                            03/18/05                    70 FR 13100

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 65152]]

Agency Contact: Amy J. Pfalzgraf
Phone: 202 622-4950

RIN: 1545-BD16
_______________________________________________________________________




2882. MOVE AND UPDATE THE ESTIMATED TAX REGULATIONS

Priority: Info./Admin./Other

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      09/02/05                    70 FR 52299
Final Rule Effective            09/02/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tonya L. Christianson
Phone: 202 622-4910

RIN: 1545-BD17
_______________________________________________________________________




2883. ALLOCATION AND APPORTIONMENT OF DEDUCTIONS FOR CHARITABLE 
CONTRIBUTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9211                            07/14/05                    70 FR 40661

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Teresa B. Hughes
Phone: 202 622-3850

Related RIN: Related to 1545-AP30
RIN: 1545-BD47
_______________________________________________________________________




2884. SOURCE OF COMPENSATION FOR LABOR OR PERSONAL SERVICES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Merged With 1545-AO72           07/14/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1545-BD62
_______________________________________________________________________




2885. GUIDANCE UNDER SECTION 79

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/22/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Betty J. Clary
Phone: 202 622-6080

RIN: 1545-BD85
_______________________________________________________________________




2886. INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL 
PROPERTY CONTRIBUTIONS (TEMPORARY)

Priority: Info./Admin./Other

CFR Citation: 26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation Completed 
by TD 9206                      05/23/05                    70 FR 29460

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Donnell M. Rini-Swyers
Phone: 202 622-4910

Related RIN: Related to 1545-BE11
RIN: 1545-BE12
_______________________________________________________________________




2887. AGGREGATE COMPUTATION: ALLOCATION OF RESEARCH CREDIT II 
(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation Completed 
by TD 9205                      05/24/05                    70 FR 29596

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Nicole R. Cimino
Phone: 202 622-3120

Related RIN: Related to 1545-BD60
RIN: 1545-BE17
_______________________________________________________________________




2888. WITHHOLDING EXEMPTIONS (TEMPORARY)

Priority: Info./Admin./Other

CFR Citation: 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation Completed 
by TD 9196                      04/14/05                    70 FR 19694

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Margaret A. Owens
Phone: 202 622-0047

Related RIN: Related to 1545-BE20
RIN: 1545-BE21
_______________________________________________________________________




2889. RESIDENCE AND SOURCE RULES INVOLVING U.S. POSSESSIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation Completed 
by TD 9194                      04/11/05                    70 FR 18920

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: John David Varley
Phone: 202 435-5262

Related RIN: Related to 1545-BC86
RIN: 1545-BE22
_______________________________________________________________________




2890. DYE INJECTION (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation Completed 
by TD 9199                      04/26/05                    70 FR 21332

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 65153]]

Agency Contact: William L. Blodgett
Phone: 202 622-3090

Related RIN: Related to 1545-BE44
RIN: 1545-BE44
_______________________________________________________________________




2891. ATTAINED AGE OF INSURED

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/22/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

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

RIN: 1545-BE53
_______________________________________________________________________




2892. [bull] REGULATIONS UNDER SECTION 263A REGARDING USE AT SIMPLIFIED 
SERVICE COST METHOD AND SIMPLIFIED PRODUCTION METHOD (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 263A

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Application of simplified service cost method and simplified 
production method to self-constructed assets.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation Completed 
by TD 9217                      08/03/05                    70 FR 44467

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-121584-05
Drafting attorney: Scott H. Rabinowitz (202) 622-4970
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

Related RIN: Related to 1545-BE57
RIN: 1545-BE61
_______________________________________________________________________




2893. [bull] LIFO RECAPTURE UNDER SECTION 1363(D)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 337; 26 USC 1363

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: Corporations that hold LIFO inventory indirectly through 
partnerships and that elect to be treated as S corporations are subject 
to LIFO recapture under section 1363(d) based on their share of the 
income that would be allocated to them if the inventory were sold.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9210                            07/12/05                    70 FR 39920

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-149524-03
Drafting attorney: Pietro Canestrelli (202) 622-3060
Reviewing attorney: David Haglund (202) 622-4031
Treasury attorney: Matthew Lay (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-BE75
BILLING CODE 6720--01--S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2894. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; 
MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

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 considering various 
revisions to the risk-based capital framework. The revisions are 
designed to enhance the framework's risk sensitivity and to minimize 
competitive disparities between larger banking organizations that will 
be subject to the advanced approaches implemented under the new Basel 
Capital Framework and other banking organizations that will not be 
subject to these advanced approaches.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/20/05                    70 FR 61068
ANPRM Comment Period End        01/18/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

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

Teresa Scott, Counsel (Banking and Finance), Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-6478

Karen Osterloh, Special Counsel, Regulations and Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552

[[Page 65154]]

Phone: 202 906-6639

RIN: 1550-AB98
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2895. RISK-BASED CAPITAL GUIDELINES; IMPLEMENTATION OF NEW BASEL CAPITAL 
ACCORD

Priority: Economically Significant. 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: In 2003, 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 
(collectively, the ``Federal Banking Agencies'') sought industry 
comment on a proposed framework for implementing the New Basel Capital 
Accord in the United States. The advance notice of proposed rulemaking 
(ANPRM) described 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 specified 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 would 
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.
In the fourth quarter of 2004, the Federal Banking Agencies began a 
quantitative impact study to help determine the potential impact of 
implementing the capital framework set forth in the ``International 
Convergence of Capital Measurement and Capital Standards: A Revised 
Framework,'' which updates and makes some significant revisions to the 
preliminary New Basel Capital Accord document from 2003, upon which the 
above ANPRM was based.
After review of the results of the quantitative impact study and after 
further review and full consideration of public comments received on 
the ANPRM, the Federal Banking Agencies plan to publish a notice of 
proposed rulemaking for implementation of this capital framework.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/04/03                    68 FR 45900
ANPRM Comment Period End        11/03/03
NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

Karen Osterloh, Special Counsel, Regulations and Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6639

David Riley, Senior Analyst, Capital Policy, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-6669

Related RIN: Related to 1550-AB11
RIN: 1550-AB56
_______________________________________________________________________




2896. SECURITIES-RELATED ACTIVITIES OF SAVINGS ASSOCIATIONS

Priority: Substantive, Nonsignificant

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; 42 USC 4106; 44 USC 3501 et seq

CFR Citation: 12 CFR 506; 12 CFR 545; 12 CFR 559; 12 CFR 563

Legal Deadline: None

Abstract: OTS is proposing to reduce regulatory burden by updating and 
revising its rules on securities-related activities of savings 
associations. First, the proposed rule describes the existing authority 
of federal savings associations to engage in various securities broker, 
dealer, and underwriting activities under the Home Owners' Loan Act 
(HOLA). This description should reduce compliance burdens by making OTS 
positions regarding the permissibility of these activities readily 
available to all.
OTS is also updating the existing prohibition on the sale of debt and 
equity securities issued by a savings association or its affiliate at 
the offices of a savings association. This change will reduce burden on 
savings associations by adding new exceptions and by eliminating 
consumer protection rules that overlap, and in some cases conflict, 
with other agency guidance. Finally, the proposed rule would eliminate 
various obsolete OTS securities activity regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Judi McCormick, Director, Consumer Protection and 
Specialized Programs, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-5636

Karen Osterloh, Special Counsel, Regulations and Legislation Division, 
Department of the Treasury, Office of

[[Page 65155]]

Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639

John P. Harootunian, Senior Attorney, Business Transactions Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6415

RIN: 1550-AB92
_______________________________________________________________________




2897. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR 
FINANCIAL INSTITUTIONS AND CREDITORS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681m; 15 USC 1681c; 15 USC 1681s

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The banking agencies, NCUA, and FTC also plan to issue a 
proposed rule implementing sections 114 and 315 of the FACT Act. 
Section 114 requires the agencies to develop guidelines for use in 
identifying patterns, practices, and specific forms of activity that 
indicate the possible existence of identity theft. The agencies are 
also required to issue regulations requiring each financial institution 
and creditor to establish reasonable policies and procedures to 
implement such guidelines. The regulations must contain a provision 
requiring a card issuer to notify the cardholder if the card issuer 
receives a notice of change of address for an existing account, and a 
short time later receives a request for an additional or replacement 
card. Section 315 requires the agencies to issue regulations regarding 
reasonable policies and procedures that a user of a consumer report 
should employ when the user receives a notice of address discrepancy 
from a consumer reporting agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Federalism:  Undetermined

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

Glenn S. Gimble, Senior Project Manager, Thrift Policy, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-7158

RIN: 1550-AB94
_______________________________________________________________________




2898. [bull] ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1820(k); 5 USC 504; 
5 USC 554 to 557; 12 USC 1464; 12 USC 1467; 12 USC 1467a; 12 USC 1468; 
12 USC 1817(j); 12 USC 1818; 12 USC 1820(k); 12 USC 3349; 12 USC 4717; 
15 USC 78(l); 15 USC 780-5; 15 USC 78u-2; 28 USC 2461 note 31; 31 USC 
3321; 42 USC 4012a

CFR Citation: 12 CFR 507; 12 CFR 509

Legal Deadline: None

Abstract: The OCC, Board, FDIC and OTS (the Agencies) propose to adopt 
rules to implement section 6303(b) of the Intelligence Reform and 
Terrorism Prevention Act of 2004 (Intelligence Reform Act), which added 
a new section 10(k) to the Federal Deposit Insurance Act (FDI Act). 
Section 10(k) imposes post-employment restrictions on senior examiners 
of depository institutions and depository institution holding 
companies. Under section 10(k), a senior examiner employed or 
commissioned by an Agency may not knowingly accept compensation as an 
employee, officer, director, or consultant from certain depository 
institutions or depository institution holding companies he or she 
examined, or from certain related entities, for one year after the 
examiner leaves the employment or service of the Agency. If an examiner 
violates the one-year restriction, the statute requires the appropriate 
Federal banking agency to seek penalties. Accordingly, the examiner may 
be subject to an order of removal and prohibition or a civil money 
penalty of up to $250,000.
The comment period closed on October 4, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/05/05                    70 FR 45323
NPRM Comment Period End         10/04/05
Proposed Rule                   01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karen Osterloh, Special Counsel, Regulations and 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639

Elizabeth Moore, Special Counsel, Litigation Division, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street, NW., 
Washington, DC 20552
Phone: 202 906-7039

Lori J. Quigley, Asst. Managing Director, E&S Operations, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street, NW, 
Washington, DC 20552
Phone: 202 906-6265

RIN: 1550-AB99

[[Page 65156]]

_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2899. FAIR CREDIT REPORTING MEDICAL INFORMATION REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681b; 15 USC 1681s

CFR Citation: 12 CFR 571

Legal Deadline: Final, Statutory, June 4, 2004.
Creditors may not use a consumer's medical information to make credit 
determinations, except in accordance with the Fair and Accurate Credit 
Transactions Act of 2003 (FACT Act). In accordance with section 411 of 
the FACT Act (15 U.S.C. 1681b(g)(5)(A) and (g)(5)(B), the Federal 
banking agencies and the NCUA must, after notice and comment, issue 
regulations on necessary and appropriate access by creditors to medical 
information. Final regulations must be issued by June 4, 2004.

Abstract: The Office of the Comptroller of the Currency, Federal 
Reserve Board, Federal Deposit Insurance Corporation, Office of Thrift 
Supervision, and National Credit Union Administration published for 
comment proposed regulations implementing section 411 of the Fair and 
Accurate Credit Transactions Act of 2003 (FACT Act). The FACT Act 
substantially amends the Fair Credit Reporting Act (FCRA), 15 U.S.C. 
1681 et seq. Section 411(a) of the FACT Act adds a new section 
604(g)(1) to the FCRA to prohibit creditors from obtaining or using 
medical information pertaining to a consumer in connection with any 
determination of the consumer's eligibility, or continued eligibility, 
for credit. In addition, section 411(b) of the FACT Act adds a new 
section 603(d)(3) to the FCRA to restrict the sharing of medical 
information and related lists or descriptions with affiliates.
The Agencies received comments from approximately 40 entities (and 
individuals). The Agencies are developing a final rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/28/04                    69 FR 23380
NPRM Comment Period End         05/28/04
Interim Final Rule              06/10/05                    70 FR 33958
Interim Final Rule Comment 
Period End                      07/11/05
Final Rule                      12/00/05
Interim Final Rule Effective    03/07/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

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

Glenn S. Gimble, Senior Project Manager, Thrift Policy, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-7158

RIN: 1550-AB88
_______________________________________________________________________




2900. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 
12 USC 1828; 12 USC 1831p-1; 12 USC 1881 to 1884; 15 USC 1681b; 15 USC 
1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805(b)(1); PL 108-159, sec 
214, 117 Stat 1952

CFR Citation: 12 CFR 571

Legal Deadline: Final, Statutory, September 4, 2004.
Section 214 of the FACT Act adds a new section 624 to the FCRA. This 
new provision gives consumers the right to restrict a person from using 
certain information about a consumer obtained from an affiliate to make 
solicitations to that consumer. That section also requires the 
Agencies, in consultation and coordination with each other, to issue 
regulations in final form implementing section 214 not later than 9 
months after the date of enactment--effective not later than September 
4, 2004.

Abstract: OCC, the Board, FDIC, OTS, and NCUA (Agencies) published for 
comment proposed regulations to implement the affiliate marketing 
provisions in section 214 of the Fair and Accurate Credit Transactions 
Act of 2003, which amends the Fair Credit Reporting Act. The proposed 
regulations generally prohibit a person from using information received 
from an affiliate to make a soliciation for marketing purposes to a 
consumer, unless the consumer is given notice and an opportunity and 
simple method to opt out of the making of such solicitations.
The comment period closed in August 2004 and comments are currently 
under review at the various agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/04                    69 FR 42502
NPRM Comment Period End         08/16/04
Final Rule                      10/00/05

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Glenn S. Gimble, Senior Project Manager, Thrift Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-7158

Richard Bennett, Counsel, Regulations and Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-7409

Related RIN: Related to 1550-AB33
RIN: 1550-AB90

[[Page 65157]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2901. 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
NPRM                            02/06/04                     69 FR 5729
NPRM Comment Period End         04/06/04
Final Rule                      08/18/04                    69 FR 51155
Final Rule Effective            10/01/04
Second NPRM                     11/24/04                    69 FR 68257
Second NPRM Comment Period End  01/24/05
Final Rule                      03/02/05                    70 FR 10023
Final Rule Effective            04/01/05


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Celeste Anderson
Phone: 202 906-7990

Richard Bennett
Phone: 202 906-7409

RIN: 1550-AB48
_______________________________________________________________________




2902. SPECIAL RULES FOR ADJUDICATORY PROCEEDINGS FOR CERTAIN HOLDING 
COMPANIES

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 509

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/02/05                    70 FR 10021
Interim Final Rule Effective    04/01/05
Interim Final Rule Comment 
Period End                      05/02/05
Final Rule                       To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Donna Deale
Phone: 202 906-7488

Aaron Kahn
Phone: 202 906-6263

RIN: 1550-AB96
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2903. EGRPRA REGULATORY REVIEW--APPLICATION AND REPORTING REQUIREMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 506; 12 CFR 516; 12 CFR 528; 12 CFR 543 to 545; 12 
CFR 552; 12 CFR 559; 12 CFR 563; 12 CFR 567; 12 CFR 574; 12 CFR 575

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      08/31/05                    70 FR 51582
Final Action Effective          10/01/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Don Dwyer
Phone: 202 906-6414

Karen Osterloh
Phone: 202 906-6639

Josephine Battle
Phone: 202 906-6870

Gary Jeffers
Phone: 202 906-6457

RIN: 1550-AB93
[FR Doc. 05-21045 Filed 10-28-05; 8:45 am]
BILLING CODE 6720-01-S